Annual report pursuant to section 13 and 15(d)

COMMITMENTS AND CONTINGENCIES (Details Narrative)

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COMMITMENTS AND CONTINGENCIES (Details Narrative) (USD $)
Nov. 30, 2012
Jun. 11, 2012
Jan. 30, 2012
acre
Dec. 31, 2011
Nov. 23, 2007
acre
Jun. 28, 2007
acre
Annual rent payments per acre of land       $ 10 $ 10 $ 10
Payment to Lessor, percentage of market value defined in Agreement       12.50%    
Lease payment and advance royalty payment 85,000          
Purchase price Mining Claim and Lease Sale/Purchase Agreement     150,000      
Percent of Production Royalty paid to Larson, equal to fair market value     5.00%      
Number of Acres leased     320   554.24 472.8
Increased annual rent payment per acre after mining area designation     25      
Prepaid lease payment         53,775 36,717
Production royalty (per pound of uranium)         $ 0.75 $ 0.75
Production royalty (percentage of net proceeds)   3.00%   6.25% 5.00%  
Aggregate sum paid to reduce royalty   1,500,000        
Minimum expenses required in Agreement   200,000        
Aggregate sum paid to Absaroka Stone LLC if the Company fails to meet minimum expenses   50,000        
Gross royalty paid to Absaroka Stone LLC   1.00%        
Maximum aggregate amount from gross royalty paid to Absaroka Stone LLC   $ 1,000,000