XML 72 R15.htm IDEA: XBRL DOCUMENT v2.4.0.8
Subsequent Events
6 Months Ended
Jul. 31, 2013
Subsequent Events [Abstract]  
Subsequent Events [Text Block]

NOTE 10 - Subsequent Events


On August 30, 2013 the Company entered into a $150,000 bridge loan financing arrangement with an unaffiliated accredited investor, the proceeds of which were used to pay maintenance fees to the Bureau of Land Management and the payment of general operating expenses of the Company.  The note payable accumulates interest at a rate of 30% per annum and is payable on or before December 30, 2013.  The Company issued a five year warrant to the lender to purchase 5,000,000 shares of Company common stock, exercisable at $0.02 per share.