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Asset Retirement Obligations and Restricted Deposits
3 Months Ended
Apr. 30, 2013
Asset Retirement Obligation Disclosure [Text Block]

NOTE 6 - Asset Retirement Obligations and Restricted Deposits


Asset retirement obligations relate to legal obligations for site restoration and clean-up costs for exploration drilling activities in Arizona and Wyoming. The Company posts restricted deposits with US government agencies that are legally restricted for the purpose of settling these obligations.


The balance of restricted deposits at April 30, 2013 was $35,000, which may be released upon future inspection by the Arizona BLM.