v2.4.0.6

Consolidated Balance Sheets (USD $)	Mar. 31, 2012	Sep. 30, 2011
Current assets:
Cash	$ 989,853	$ 1,686,996
Deferred charge	0	116,204
Total current assets	989,853	1,803,200
Other assets:
Property & equipment- net	13,079	26,140
Total assets	1,002,932	1,829,340
Current liabilities:
Accounts payable & accrued expenses	109,411	147,539
Gold bullion loan	4,169,141	4,061,340
Convertible debenture payable	0	581,700
Subscriptions payable	212,990	30,500
Total current liabilities	4,491,542	4,821,079
Shareholders' equity:
Additional paid in capital	17,108,797	15,804,892
Accumulated deficit - exploration stage	(23,262,027)	(20,819,160)
Total shareholders' deficit	(3,581,472)	(3,064,601)
Total Liabilities & Shareholders' Deficit	1,002,932	1,829,340
Series A Preferred Stock
Shareholders' equity:
Preferred stock	24,304	4,304
Series B Preferred Stock
Shareholders' equity:
Preferred stock	63,498	63,498
Common stock B
Shareholders' equity:
Common stock	5,060	5,060
Common stock A
Shareholders' equity:
Common stock	$ 2,571,758	$ 1,949,667

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

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Unrestricted cash available for day-to-day operating needs, for an entity that has cash equivalents, but does not aggregate cash equivalents with cash on the balance sheet.

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Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.

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