Quarterly report pursuant to sections 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
3 Months Ended 11 Months Ended
Mar. 31, 2012
Mar. 31, 2012
Income Statement [Abstract]    
Revenues      
Expenses    
Exploration costs 27,305 27,305
Compensation and related taxes 840,943 840,943
Impairment of mineral rights    99,474
Consulting fees 1,829,423 1,829,423
Professional fees 262,739 267,344
General and administrative 124,469 129,712
Total operating expenses 3,084,879 3,194,201
Loss from operations (3,084,879) (3,194,201)
Other income 125,000 125,000
Total other income 125,000 125,000
Net loss $ (2,959,879) $ (3,069,201)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - Basic and Diluted 30,810,728 15,574,302
NET LOSS PER COMMON SHARE:    
Basic and Diluted $ (0.10) $ (0.20)