Related Party Transactions

9 Months Ended

Oct. 31, 2012

Related Party Transactions Disclosure [Text Block]

NOTE 10 - Related Party Transactions

During 2011, Minex Exploration which is controlled by our Director Gregory Schifrin, provided services to New Fork related to maintaining our mining claims in Sweetwater County, Wyoming for $86,358. As of October 31, 2012, $51,358 was owed to Minex Exploration for these services.

Prior to the acquisition of New Fork in March 2012, former employees of the Company had advanced/loaned the Company money.  Outstanding liabilities related to the advances/loans as of October 31, 2012 include $191,000 in notes payable, $284,936 in accounts payable and accrued expenses to related parties and $271,667 in accounts payable and accrued expenses - shareholders.