Timberline Resources (TLRS) 10-K 18 Dec 13 2013 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Sep. 30, 2013	Mar. 31, 2013
Document and Entity Information	'	'
Entity Registrant Name	'Timberline Resources Corp.	'
Document Type	'10-K	'
Document Period End Date	30-Sep-13	'
Amendment Flag	'false	'
Entity Central Index Key	'0001288750	'
Current Fiscal Year End Date	'--09-30	'
Entity Common Stock, Shares Outstanding	74,221,879	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Current Reporting Status	'Yes	'
Entity Voluntary Filers	'No	'
Entity Well-known Seasoned Issuer	'No	'
Document Fiscal Year Focus	'2013	'
Document Fiscal Period Focus	'FY	'
Entity Public Float	'	$11,469,167

TIMBERLINE_RESOURCES_CORPORATI

TIMBERLINE RESOURCES CORPORATION AND SUBSIDIARIES (An Exploration Stage Company) CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2013		Sep. 30, 2012
CURRENT ASSETS:	'		'
Cash	$824,919		$1,034,080
Prepaid expenses and other current assets	30,151		67,660
Joint venture receivable	53,586		773,028
Note receivable	'		1,350,000
TOTAL CURRENT ASSETS	908,656		3,224,768
PROPERTY, MINERAL RIGHTS AND EQUIPMENT	14,037,784		13,636,073
OTHER ASSETS:	'		'
Prepaid drilling services	660,000		887,116
Investment in joint venture	642,450		642,450
Restricted cash	639,422		639,422
Deposits and other assets	4,500		179,500
TOTAL OTHER ASSETS	1,946,372		2,348,488
TOTAL ASSETS	16,892,812		19,209,329
CURRENT LIABILITIES:	'		'
Accounts payable	204,897		929,229
Accrued expenses	213,292		111,667
Accrued payroll, benefits and taxes	52,444		49,001
TOTAL CURRENT LIABILITIES	470,633		1,089,897
LONG-TERM LIABILITIES:	'		'
Asset retirement obligation	125,823		119,831
TOTAL LONG-TERM LIABILITIES	125,823		119,831
COMMITMENTS	0	[1]	0	[1]
STOCKHOLDERS' EQUITY:	'		'
Preferred stock, $0.01 par value; 10,000,000 shares authorized, none issued and outstanding	0		0
Common stock, $0.001 par value; 100,000,000 shares authorized, 74,021,879 and 62,271,879 shares issued and outstanding, respectively	74,022		62,272
Additional paid-in capital	58,207,622		56,198,035
Accumulated deficit	-31,678,445		-31,678,445
Accumulated deficit during the exploration stage	-10,306,843		-6,582,261
TOTAL STOCKHOLDERS' EQUITY	16,296,356		17,999,601
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$16,892,812		$19,209,329
[1]	Note 15

Statement_of_Financial_Positio

Statement of Financial Position - Parenthetical (USD $)	Sep. 30, 2013	Sep. 30, 2012
Statement of financial position	'	'
Preferred Stock, Par Value	$0.01	$0.01
Preferred Stock, Shares Authorized	10,000,000	10,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par Value	$0.00	$0.00
Common Stock, Shares Authorized	100,000,000	100,000,000
Common Stock, Shares Issued	74,021,879	62,271,879
Common Stock, Shares Outstanding	74,021,879	62,271,879

TIMBERLINE_RESOURCES_CORPORATI1

TIMBERLINE RESOURCES CORPORATION AND SUBSIDIARIES (An Exploration Stage Company) CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (USD $)	12 Months Ended				23 Months Ended
	Sep. 30, 2013		Sep. 30, 2012		Sep. 30, 2013
OPERATING EXPENSES:	'		'		'
Mineral exploration expenses	$1,945,420		$4,947,652		$6,487,132
Gain on lease of mineral rights	-250,000		-75,000		-325,000
Salaries and benefits	791,655		1,032,427		1,773,770
Professional fees expense	189,487		271,946		427,469
Insurance expense	111,401		97,330		206,992
Other general and administrative expenses	550,526		903,937		1,399,238
TOTAL OPERATING EXPENSES	3,338,489		7,178,292		9,969,601
LOSS FROM OPERATIONS	-3,338,489		-7,178,292		-9,969,601
OTHER INCOME (EXPENSE):	'		'		'
Foreign exchange loss	-2,619		-333		-2,364
Interest income	66,526		128,327		194,730
Related party interest expense	'		-71,274		-29,608
Impairment of available-for-sale securities	'		-50,000		-50,000
Impairment of long term investment	-450,000		'		-450,000
TOTAL OTHER INCOME (EXPENSE)	-386,093		6,720		-337,242
LOSS BEFORE INCOME TAXES	-3,724,582		-7,171,572		-10,306,843
INCOME TAX EXPENSE	0		0		0
LOSS FROM CONTINUING OPERATIONS	-3,724,582		-7,171,572		-10,306,843
DISCONTINUED OPERATIONS:	'		'		'
Net income, net of taxes	'		484,642		'
Gain on disposal	'		1,636,938		'
TOTAL INCOME FROM DISCONTINUED OPERATIONS	'	[1]	2,121,580	[1]	'	[1]
NET LOSS	-3,724,582		-5,049,992		-10,306,843
OTHER COMPREHENSIVE INCOME (LOSS):	'		'		'
Reclassification of net loss on available-for-sale equity securities included in net loss	'		-486,400		-486,400
COMPREHENSIVE LOSS	($3,724,582)		($5,536,392)		($10,793,243)
CONTINUING OPERATIONS	($0.06)		($0.11)		'
DISCONTINUED OPERATIONS	'		$0.03		'
NET LOSS PER SHARE	($0.06)		($0.08)		'
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, BASIC AND DILUTED	67,054,893		61,795,781		'
[1]	Note 14

TIMBERLINE_RESOURCES_CORPORATI2

TIMBERLINE RESOURCES CORPORATION AND SUBSIDIARIES (An Exploration Stage Company) CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (USD $)	Common Stock	Common Stock Value	Additional Paid-in Capital	Accumulated Deficit	Exploration Stage Accumulated Deficit	Accumulated Other Comprehensive Income	Total
		USD ($)	USD ($)	USD ($)	USD ($)	USD ($)	USD ($)
Balance at Sep. 30, 2011	'	$61,189	$55,317,568	($33,210,714)	'	$486,400	$22,654,443
Shares outstanding at Sep. 30, 2011	61,189,417	'	'	'	'	'	'
Common stock issued for options exercised, value	'	163	11,387	'	'	'	11,550
Common stock issued for options exercised, stock	162,527	'	'	'	'	'	'
Vested portion of stock options granted	'	'	370,000	'	'	'	370,000
Common stock issued for mineral rights, property and equipment purchase, value	'	920	499,080	'	'	'	500,000
Common stock issued for mineral rights, property and equipment purchase, stock	919,935	'	'	'	'	'	'
Reclassification of net loss on available-for-sale equity securities included in net loss	'	'	'	'	'	-486,400	-486,400
Net income (loss)	'	'	'	1,532,269	-6,582,261	'	-5,049,992
Stockholders' equity at Sep. 30, 2012	'	62,272	56,198,035	-31,678,445	-6,582,261	'	17,999,601
Shares outstanding at Sep. 30, 2012	62,271,879	'	'	'	'	'	'
Vested portion of stock options granted	'	'	10,000	'	'	'	10,000
Common stock issued for mineral rights, property and equipment purchase, value	'	900	305,100	'	'	'	306,000
Common stock issued for mineral rights, property and equipment purchase, stock	900,000	'	'	'	'	'	'
Common stock issued for mineral exploration expenses, value	'	100	21,400	'	'	'	21,500
Common stock issued for mineral exploration expenses, stock	100,000	'	'	'	'	'	'
Common stock and warrants issued for cash at $0.20 per share, net of offering costs, value	'	10,750	1,673,087	'	'	'	1,683,837
Common stock and warrants issued for cash at $0.20 per share, net of offering costs, stock	10,750,000	'	'	'	'	'	'
Net income (loss)	'	'	'	'	-3,724,582	'	-3,724,582
Stockholders' equity at Sep. 30, 2013	'	$74,022	$58,207,622	($31,678,445)	($10,306,843)	'	$16,296,356
Shares outstanding at Sep. 30, 2013	74,021,879	'	'	'	'	'	16,296,356

TIMBERLINE_RESOURCES_CORPORATI3

TIMBERLINE RESOURCES CORPORATION AND SUBSIDIARIES (An Exploration Stage Company) CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended		23 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:	'	'	'
Net loss	($3,724,582)	($5,049,992)	($10,306,843)
Adjustments to reconcile net loss to net cash used by operating activities:	'	'	'
Depreciation and amortization	27,789	187,481	78,808
Stock based compensation	10,000	370,000	338,000
Accretion of asset retirement obligation	5,992	5,706	11,698
Gain on lease of mineral rights	-250,000	-75,000	-325,000
Common stock issued for mineral exploration expenses	21,500	'	21,500
Impairment of long term investment	450,000	'	450,000
Amortization of deferred financing cost with related party	'	15,909	15,909
Impairment of available-for-sale securities	'	50,000	50,000
Gain on sale of discontinued operations	'	-1,636,938	'
Changes in assets and liabilities:	'	'	'
Prepaid drilling service, prepaid expenses and other current assets, deposits and other assets	264,625	807,450	729,479
Joint venture receivable	719,442	-675,402	-13,176
Accounts payable	-724,332	-1,068,564	-196,049
Accrued expenses	101,625	-285,266	213,292
Accrued payroll, benefits and taxes	3,443	-660,010	52,444
Receivable from sale of discontinued operations	'	'	1,657,625
Accounts receivable	'	1,837,928	'
Materials and supplies inventory	'	1,577,703	'
Deferred revenue	'	-78,970	'
Accrued interest on convertible note payable to related party	'	-41,667	'
Net cash used by operating activities	-3,094,498	-4,719,632	-7,222,313
CASH FLOWS FROM INVESTING ACTIVITIES:	'	'	'
Purchase of property, mineral rights and equipment	-148,500	-618,000	-732,500
Payment on note receivable	1,350,000	'	1,350,000
Change in restricted cash	'	-201,086	-201,086
Change in other assets	'	-50,000	-50,000
Proceeds from sale of discontinued operations	'	8,000,000	'
Net cash provided by investing activities	1,201,500	7,130,914	366,414
CASH FLOWS FROM FINANCING ACTIVITIES:	'	'	'
Proceeds from issuance of stock and warrants, net of stock offering costs	1,683,837	'	1,683,837
Payments on convertible note payable to related party	'	-5,000,000	-5,000,000
Proceeds from exercise of stock options	'	11,550	11,550
Payments on long term debt	'	-681,793	'
Payments on capital leases	'	-346,908	'
Net cash provided (used) by financing activities	1,683,837	-6,017,151	-3,304,613
Net decrease in cash	-209,161	-3,605,869	-10,160,512
CASH INCLUDED IN CURRENT ASSETS HELD FOR SALE AT BEGINNING (END) OF PERIOD	'	2,812,053	'
CASH AT BEGINNING OF PERIOD	1,034,080	1,827,896	10,985,431
CASH AT END OF PERIOD	824,919	1,034,080	824,919
SUPPLEMENTAL CASH FLOW DISCLOSURES	'	'	'
Interest paid in cash	'	68,023	'
NON-CASH FINANCING AND INVESTING ACTIVITIES	'	'	'
Common stock issued for mineral rights purchase	306,000	500,000	806,000
Long term investment received from lease of mineral rights	25,000	50,000	75,000
Note receivable from sale of discontinued operations	'	1,350,000	'
Prepaid drilling services from sale of discontinued operations	'	$1,100,000	'

Note_1_Organization_and_Descri

Note 1 - Organization and Description of Business	12 Months Ended
	Sep. 30, 2013
Notes	'
Note 1 - Organization and Description of Business:	'
	NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS:
	Timberline Resources Corporation (“Timberline” or “the Company”, “we”, “us”, “our”) was incorporated in August of 1968 under the laws of the State of Idaho as Silver Crystal Mines, Inc., for the purpose of exploring for precious metal deposits and advancing them to production.
	In 2006, we acquired Kettle Drilling, Inc. and its Mexican subsidiary, World Wide Exploration S.A. de C.V. (“World Wide”).  In September 2008, Kettle Drilling, Inc. changed its name to Timberline Drilling Incorporated (“Timberline Drilling”).  Timberline Drilling provides drilling services to the mining and mineral exploration industries in the United States.  On November 9, 2011, we closed the sale of Timberline Drilling and World Wide (see Note 14) and became an exploration stage enterprise.

Note_2_Summary_of_Significant_

Note 2 - Summary of Significant Accounting Policies	12 Months Ended
	Sep. 30, 2013
Notes	'
Note 2 - Summary of Significant Accounting Policies:	'
	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:
	a.   Basis of Presentation and Going Concern – This summary of significant accounting policies is presented to assist in understanding the financial statements. The financial statements and notes are representations of our management, which is responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America and have been consistently applied in the preparation of the financial statements.  The consolidated financial statements for the years ended September 30, 2013 and 2012 were prepared on the basis that the Company is a going concern, which contemplates the realization of its assets and the settlement of its liabilities in the normal course of operations. These financial statements do not reflect adjustments that would be necessary if the going concern assumption were not appropriate.  The Company’s ability to continue as a going concern is dependent upon its ability to receive cash flow from its Butte Highlands Gold Project or to successfully obtain additional financing. While the Company has been successful in the past in obtaining financing, there is no assurance that it will be able to obtain adequate financing in the future or that such financing will be on terms acceptable to the Company.
	b.   Exploration Stage Enterprise – Following the sale of Timberline Drilling, we are now in the exploration stage of operation.  Therefore, as of November 9, 2011, our financial statements are prepared in accordance with the provisions of ASC 915 Development Stage Enterprises, as we devote substantially all of our efforts to acquiring and exploring mining interests that management believes should eventually provide sufficient net profits to sustain our existence.  Until such interests are engaged in commercial production, we will continue to prepare our consolidated financial statements and related disclosures in accordance with this standard.
	c.    Principles of Consolidation – The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries, Staccato Gold Resources, Ltd. and BH Minerals USA, Inc., after elimination of intercompany accounts and transactions.
	d.     Exploration Expenditures – All exploration expenditures are expensed as incurred. Significant property acquisition payments for active exploration properties are capitalized.  If no mineable ore body is discovered, previously capitalized costs are expensed in the period the property is abandoned.
	e.     Fair Value of Financial Instruments – Our financial instruments include cash and restricted cash. The carrying value of restricted cash approximates fair value based on the contractual terms of those instruments.
	f.     Cash Equivalents – For the purposes of the statement of cash flows, we consider all highly liquid investments with original maturities of three months or less when purchased to be cash equivalents.  Balances are insured by the Federal Deposit Insurance Corporation up to $250,000 for accounts at each financial institution.
	g.     Restricted Cash – Restricted cash represents funds restricted as collateral for bonds held for exploration permits.
	h.      Estimates and Assumptions – The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America requires the use of estimates and assumptions that affect the reported amounts of assets and liabilities at the dates of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Significant areas requiring the use of management assumptions and estimates relate to asset impairments and asset retirement obligations.  Actual results could differ from these estimates and assumptions and could have a material effect on our reported financial position and results of operations.
	i.      Investments – Investments in private entities which do not have a readily determinable fair value, and in which we do not have significant influence, are carried at the lower of cost or fair value.  We also have a 50% interest in a joint venture at our Butte Highlands Gold Project (see Note 5).  Given that our 50% interest in the joint venture is carried to production, we do not have management control over operating decisions of the joint venture until our joint venture partner’s investment in the project, less $2 million, is recovered by the joint venture partner out of future production; and we have no risk of loss from expenses incurred by the joint venture until production, we are carrying our investment in the joint venture at cost on the consolidated balance sheet.
	j.      Property and Equipment – Property and equipment are stated at cost. Depreciation of property and equipment is calculated using the straight-line method over the estimated useful lives of the assets, which ranges from two to seven years.  Maintenance and repairs are charged to operations as incurred. Significant improvements are capitalized and depreciated over the useful life of the assets. Gains or losses on disposition or retirement of property and equipment are recognized in operating expenses.
	k.     Review of Carrying Value of Property, Mineral Rights and Equipment for Impairment – We review the carrying value of property, mineral rights and equipment for impairment whenever events and circumstances indicate that the carrying value of an asset may not be recoverable from the estimated future cash flows expected to result from its use and eventual disposition. In cases where undiscounted expected future cash flows are less than the carrying value, an impairment loss is recognized equal to an amount by which the carrying value exceeds the fair value of assets. The factors considered by management in performing this assessment include current operating results, trends and prospects, the manner in which the property is used, the effects of obsolescence, demand, competition, and other economic factors. Based on this assessment, no impairments were recorded at September 30, 2013 or September 30, 2012.
	l.      Asset Retirement Obligations – The Company accounts for asset retirement obligations by following the uniform methodology for accounting for estimated reclamation and abandonment costs as prescribed by authoritative accounting guidance.  This guidance provides that the fair value of a liability for an asset retirement obligation (“ARO”) will be recognized in the period in which it is incurred if a reasonable estimate of fair value can be made. The ARO is capitalized as part of the carrying value of the assets to which it is associated, and depreciated over the useful life of the asset. Adjustments are made to the liability for changes resulting from passage of time and changes to either the timing or amount of the original present value estimate underlying the obligation. We have an asset retirement obligation associated with our exploration program at the Lookout Mountain exploration project (see Note 10).
	m.   Provision for Income Taxes – Income taxes are provided based upon the liability method of accounting.  Under this approach, deferred income taxes are recorded to reflect the tax consequences in future years of differences between the tax basis of assets and liabilities and their financial reporting amounts at each year-end.   A valuation allowance is recorded against the deferred tax asset if management believes it is more likely than not that some portion or all of the deferred tax assets will not be realized (see Note 11).
	n.     Translation of Foreign Currencies – All amounts in the financial statements are presented in US dollars, and the US dollar is our functional currency. We have a Canadian subsidiary, but this subsidiary has no operations, assets or liabilities in Canada for the years ended September 30, 2013 and 2012, respectively.  Foreign translation and transaction losses from continuing operations, relating to expenses incurred in Canada by Timberline, of $2,619 and $333 for the years ended September 30, 2013 and 2012, respectively, have been included in the current period net loss as a component of other expense.
	o.      Stock-based Compensation – We estimate the fair value of our stock based compensation using the Black-Scholes model, which requires the input of some subjective assumptions. These assumptions include estimating the length of time employees will retain their vested stock options before exercising them (“expected life”), the estimated volatility of our common stock price over the expected term (“volatility”), employee forfeiture rate, the risk-free interest rate and the dividend yield. Changes in the subjective assumptions can materially affect the estimate of fair value of stock-based compensation.  The value of common stock awards is determined based upon the closing price of our stock on the date of the award.
	p.   Net Loss per Share – Basic earnings per share (“EPS”) is computed as net income (loss) available to common shareholders divided by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur from common shares issuable through stock options, warrants, and other convertible securities.
	The dilutive effect of convertible and outstanding securities as of September 30, 2013 and 2012 is as follows:
		2013	2012
	Stock options	5,271,500	6,491,500
	Warrants	300,000	-
	Total potential dilution	5,571,500	6,491,500
	At September 30, 2013 and 2012, the effect of the Company’s outstanding stock options and common stock equivalents would have been anti-dilutive. Accordingly, only basic EPS is presented.
	q.     Discontinued Operations – A discontinued operation is a component of the Company that either has been disposed of, or is classified as held for sale, and represents a separate major line of business or geographical area of operations or is part of a single coordinated plan to dispose of a separate major line of business or geographical area of operations. Results from discontinued operations that are clearly identifiable as part of the component disposed of and that will not be recognized subsequent to the disposal are presented separately as a single amount in the consolidated statement of operations and comprehensive income (loss). Results from discontinued operations are reclassified for prior periods presented in the financial statements so that the results from discontinued operations relate to all operations that have been discontinued as of the balance sheet date for the latest period presented.
	r.       New Accounting Pronouncements – In February 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2013-02, Reporting of Amounts Reclassified out of Accumulated Other Comprehensive Income. This standard requires companies to present information about reclassification adjustments from accumulated other comprehensive income to the income statement, including the income statement line items affected by the reclassification. The information must be presented in the financial statements in a single note or on the face of the financial statements. The new accounting guidance also requires the disclosure to be cross referenced to other financial statement disclosures for reclassification items that are not reclassified directly to net income in their entirety in the same reporting period. The new requirements are effective for public entities in fiscal years (including interim periods) beginning after December 15, 2012. Adoption of this guidance did not have a material effect on our consolidated financial statements.
	In July 2013, the FASB issued ASU No. 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. This standard provides guidance on the presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists.  The new requirements are effective for public entities in fiscal years (including interim periods) beginning after December 15, 2013. Adoption of this guidance is not expected to have a material effect on our consolidated financial statements.

Note_3_Fair_Value_of_Financial

Note 3 - Fair Value of Financial Instruments	12 Months Ended
	Sep. 30, 2013
Notes	'
Note 3 - Fair Value of Financial Instruments:	'
	NOTE 3 – FAIR VALUE OF FINANCIAL INSTRUMENTS:
	The table below sets forth our financial assets and liabilities that were accounted for at fair value on a recurring basis as of September 30, 2013 and 2012, respectively, and the fair value calculation input hierarchy level that we have determined applies to each asset and liability category.
			2013	2012		Input Hierarchy Level
	Assets:
	Cash	$	824,919	$	1,034,080		Level 1
	Restricted cash		639,422		639,422		Level 1

Note_4_Property_Mineral_Rights

Note 4 - Property, Mineral Rights and Equipment	12 Months Ended
	Sep. 30, 2013
Notes	'
Note 4 - Property, Mineral Rights and Equipment:	'
	NOTE 4 – PROPERTY, MINERAL RIGHTS AND EQUIPMENT:
	The following is a summary of property, mineral rights and equipment and accumulated depreciation at September 30, 2013 and 2012:
		Expected		2013		2012
		Useful Lives
		(years)
	Mineral rights – South Eureka	-	$	13,329,842	$	13,241,342
	Mineral rights – Other	-		626,000		285,000
	Equipment and vehicles	5-Feb		185,692		185,692
	Office equipment and furniture	7-Mar		70,150		70,150
	Land	-		51,477		51,477
	Total property, mineral rights and equipment			14,263,161		13,833,661
	Less accumulated depreciation			-225,377		-197,588
	Property, mineral rights and equipment, net		$	14,037,784	$	13,636,073
		Minimum	Maximum
	Equipment and vehicles, expected useful lives in years	2	5	5-Feb
	Office equipment and furniture, expected useful lives in years	3	7	7-Mar
	Depreciation expense from continuing operations for the years ended September 30, 2013 and 2012 was $27,789 and $51,019, respectively.

Note_5_Investment_in_Joint_Ven

Note 5 - Investment in Joint Venture	12 Months Ended
	Sep. 30, 2013
Notes	'
Note 5 - Investment in Joint Venture:	'
	NOTE 5 – INVESTMENT IN JOINT VENTURE:
	In July 2009, we entered into a joint venture operating agreement (the “Agreement”) with Highland Mining, LLC (“Highland”).   The joint venture entity, Butte Highlands JV, LLC (“BHJV”) was created for the purpose of developing and mining the Butte Highlands Gold Project.  As a result of our contribution of our 100% interest in the Butte Highlands Gold Project, carried on our balance sheet at cost, we hold a 50% interest in BHJV.  Under terms of the agreement, our interest in BHJV will be carried to production by Highland, which will fund all future project exploration and mine development costs.
	Under the Agreement, Highland contributed property and will fund all future mine development costs at Butte Highlands.  Both the Company’s and Highland’s share of development costs will be paid from proceeds of future mine production.  The Agreement stipulates that Highland shall appoint a manager of BHJV and that Highland will manage BHJV until such time as all mine development costs, less $2 million (the deemed value of our contribution of property to BHJV), are distributed to Highland out of the proceeds from future mine production.
	At September 30, 2013 and 2012, we have a receivable from BHJV for expenses incurred on behalf of BHJV in the amount of $53,586 and $773,028, respectively.

Note_6_Note_Receivable

Note 6 - Note Receivable	12 Months Ended
	Sep. 30, 2013
Notes	'
Note 6 - Note Receivable:	'
	NOTE 6 – NOTE RECEIVABLE:
	We had a $1,350,000 note receivable as a portion of the consideration received from the sale of Timberline Drilling in November 2011 (see Note 14).  The note receivable was unsecured and subordinated and bore interest at 10% per annum, payable monthly, with the principal to be repaid on or before May 9, 2013.  The note receivable was fully repaid on April 19, 2013.
	The following table summarizes activity in the Company’s note receivable for the years ended September 30, 2013 and 2012:
		2013		2012
	Beginning balance	$	1,350,000	$	-
	Note receivable acquired		-		1,350,000
	Payment received on note receivable		-1,350,000		-
	Ending balance	$	-	$	1,350,000
	We recorded interest income on this note of $66,164 and $120,945 for the years ended September 30, 2013 and 2012, respectively.

Note_7_Prepaid_Drilling_Servic

Note 7 - Prepaid Drilling Services	12 Months Ended
	Sep. 30, 2013
Notes	'
Note 7 - Prepaid Drilling Services:	'
	NOTE 7 – PREPAID DRILLING SERVICES:
	During the year ended September 30, 2012, we obtained $1,100,000 in prepaid drilling services as a portion of the consideration received from the sale of Timberline Drilling (see Note 14).  The prepayment amount represents discounts on future drilling services or cash, if we do not use the prepaid drilling services, to be provided by Timberline Drilling to us between November 2011 and November 2016.
	The following table summarizes activity in our prepaid drilling services at September 30, 2013 and 2012:
		2013		2012
	Beginning balance	$	887,116	$	-
	Prepaid drilling services acquired		-		1,100,000
	Prepaid drilling services used		-		-212,884
	Cash received in lieu of drilling services		-227,116		-
	Ending balance	$	660,000	$	887,116

Note_8_Deposits_and_Other_Asse

Note 8 -Deposits and Other Assets	12 Months Ended
	Sep. 30, 2013
Notes	'
Note 8 -Deposits and Other Assets:	'
	NOTE 8 –DEPOSITS AND OTHER ASSETS:
	Deposits and other assets on our consolidated balance sheets include an investment in shares of common stock of Daycon Minerals (“Daycon”), a private Canadian mineral exploration company.  This investment is accounted for using the cost method, as follows, at September 30, 2013 and 2012:
		2013
				2012
	Shares of common stock owned		1,800,000		700,000
	Cost value of investment	$	450,000	$	175,000
	Other-than-temporary impairment		-450,000		-
	Carrying value of investment	$	-	$	175,000
	500,000 shares of Daycon common stock valued at $125,000 were acquired during the year ended September 30, 2012 as consideration under exploration agreements granting Daycon the right to explore our Snowstorm Prospect as well as our Montana Copper-Silver Properties.  In addition, we acquired 200,000 shares of Daycon common stock in exchange for $50,000 cash during the year ended September 30, 2012.   We acquired 1,100,000 shares of Daycon common stock valued at $275,000 during the year ended September 30, 2013 under these same exploration agreements.  We recognized a gain on lease of mineral rights of $250,000 and $75,000 upon the receipt of Daycon common stock during the years ended September 30, 2013 and 2012, respectively.  These amounts were net of a reduction of our capitalized interest in the leased mineral properties of $25,000 and $50,000 during the years ended September 30, 2013 and 2012, respectively.
	At September 30, 2013 we evaluated the fair value of our investment in Daycon and determined that this asset is impaired.  We determined that the fair value measurement of our investment in Daycon falls under Level 3 (no significant observable inputs) of the fair value hierarchy.  Given the adverse market conditions for mineral exploration companies and our doubt about Daycon’s ability to continue as a going concern, we concluded that the fair value of our investment in Daycon at September 30, 2013 is zero.  As a result we have recognized a $450,000 impairment of long term investments in our consolidated statement of operations for the year ended September 30, 2013.

Note_9_Related_Party_Transacti

Note 9 - Related Party Transactions	12 Months Ended
	Sep. 30, 2013
Notes	'
Note 9 - Related Party Transactions:	'
	NOTE 9 – RELATED PARTY TRANSACTIONS:
	a.       Butte Highlands Joint Venture Agreement
	On July 22, 2009, we entered into an operating agreement (the “Operating Agreement”) with Highland, an entity controlled by Ron Guill, a former director of the Company, to form a 50/50 joint venture for development and mining of our Butte Highlands Gold Project (see Note 5). Under the terms of the Operating Agreement, we contributed our Butte Highlands property to BHJV for a deemed value of $2 million, and Highland contributed certain property and will fund all future mine development costs.  Both the Company’s and Highland’s share of costs will be paid out of proceeds from future mine production.
	During the year ended September 30, 2012, Highland was sold to Montana State Gold Corporation (“MSGC”), a private corporation unaffiliated with the Company.  As a result, Highland is no longer a related party to the Company, and Ron Guill is no longer the manager of BHJV.  At September 30, 2013 and 2012, we have a receivable from BHJV for expenses incurred on behalf of BHJV in the amount of $53,586 and $773,028, respectively.
	b.       Sale of Timberline Drilling, Inc.
	In September 2011, we announced that we had entered into a non-binding letter of intent to sell our wholly owned subsidiary, Timberline Drilling, Inc., to a private company formed by a group of investors, including the senior management team of Timberline Drilling, Inc.  No officers or directors of the Company are affiliated with the buyer.  During the year ended September 30, 2012, the sale of Timberline Drilling, Inc. was completed (see Note 14).
	c.        Daycon Minerals
	We own approximately 15% and 7% of the issued and outstanding stock of Daycon as of September 30, 2013 and 2012, respectively.  In addition, our President and CEO, Paul Dircksen, is a member of the board of directors of Daycon as of September 30, 2013. (See Note 8)

Note_10_Asset_Retirement_Oblig

Note 10 - Asset Retirement Obligation	12 Months Ended
	Sep. 30, 2013
Notes	'
Note 10 - Asset Retirement Obligation:	'
	NOTE 10 – ASSET RETIREMENT OBLIGATION:
	We have established an asset retirement obligation (“ARO”) for our exploration program at the Lookout Mountain Project.  The ARO resulted from the reclamation and remediation requirements of the United States Bureau of Land Management as outlined in our permit to carry out the exploration program.  Estimated reclamation costs at the Lookout Mountain Project were discounted using a credit adjusted risk-free interest rate of 5% from the time we expect to pay the retirement obligation to the time we incurred the obligation, which is estimated at 10 years.
	The following table summarizes activity in our ARO liability for the years ended September 30, 2013 and 2012:
			2013		2012
	Beginning balance	$	119,831	$	114,125
	Accretion expense		5,992		5,706
	Ending balance	$	125,823	$	119,831

Note_11_Income_Taxes

Note 11 - Income Taxes	12 Months Ended
	Sep. 30, 2013
Notes	'
Note 11 - Income Taxes:	'
	NOTE 11 – INCOME TAXES:
	We have not recognized a provision for income taxes for the years ended September 30, 2013 and 2012.
	At September 30, 2013 and 2012, we had deferred tax assets arising principally from net operating loss carry forwards for income tax purposes.  As our management cannot determine that it is more likely than not that we will realize the benefit of the net deferred tax asset, a valuation allowance equal to 100% of the net deferred tax asset has been recorded at September 30, 2013 and 2012.
	The components of our deferred taxes for the years ended September 30, 2013 and 2012 are as follows:
			2013		2012
	Net deferred tax asset:
	Exploration costs	$	1,027,000	$	1,136,000
	Property, mineral rights and equipment		35,000		4,000
	Long term investments		180,000		-
	Foreign intangible expenses		-312,000		-371,000
	Share based compensation		2,106,000		2,167,000
	Alternative minimum tax credit carryforward		2,000		19,000
	Foreign income tax credit carryforwards		697,000		443,000
	Federal net operating losses		7,827,000		8,424,000
	Foreign net operating losses		1,691,000		2,070,000
	Total deferred tax asset		13,253,000		13,892,000
	Valuation allowance		-13,253,000		-13,892,000
	Deferred tax asset	$	0	$	0
	BH Minerals USA, Inc.
	Net deferred tax asset:
	Property, mineral rights and equipment	$	-3,814,000	$	-3,759,000
	Exploration costs		2,954,000		2,809,000
	Federal net operating losses		3,251,000		2,594,000
	Total deferred tax asset		2,391,000		1,644,000
	Valuation allowance		-2,391,000		-1,644,000
	Deferred tax asset	$	0	$	0
	The federal income taxes of our wholly owned subsidiary, BH Minerals USA, Inc., are not consolidated with those of the rest of the Company since BH Minerals USA, Inc. is wholly owned by our Canadian subsidiary, Staccato Gold Resources Ltd.
	Net income (loss) before income taxes for the years ended September 30, 2013 and 2012 are as follows:
			2013		2012
	Continuing operations	$	-3,724,582	$	-7,171,572
	Discontinued operations		-		2,121,580
	Total net income (loss) before taxes	$	-3,724,582	$	(5,049,992)
	Statutory Federal income tax rate		34%		34%
	Expected income tax benefit based on statutory rate	$	-1,303,000	$	-1,717,000
	Permanent differences		4,000		31,000
	Effect of state taxes		119,000		-40,000
	Effect of tax rate changes		574,000		-
	Non-recognition due to increase in valuation allowance		606,000		1,726,000
	Total income tax benefit	$	0	$	0
	We have concluded that the guidance regarding accounting for uncertainty in income taxes had no significant impact on our results of operations or financial position as of September 30, 2013 or 2012. Therefore, we do not have an accrual for uncertain tax positions as of September 30, 2013 or 2012.  As a result, tabular reconciliation of beginning and ending balances would not be meaningful.  If interest and penalties were to be assessed, we would charge interest to interest expense, and penalties to other operating expense.  It is not anticipated that unrecognized tax benefits would significantly increase or decrease within 12 months of the reporting date.  Fiscal years 2010 through 2013 remain subject to examination by state and federal tax authorities.
	At September 30, 2013, we had federal net operating loss carryforwards of approximately $30,437,000 which will expire in fiscal years ending September 30, 2017 through September 30, 2033. Approximately $6,593,000 of state net operating loss carryforwards will expire in fiscal years ending September 30, 2014 through September 30, 2033.
	At September 30, 2013 we had $433,000 of foreign tax credit carryforwards which expire on September 30, 2013.  At September 30, 2013 we also have approximately $6,200,000 in net operating loss carryforwards in Canada which will expire in fiscal years ending September 30, 2024 through September 30, 2031.
	The Tax Reform Act of 1986 substantially changed the rules relative to the use of net operating loss and general business credit carryforwards in the event of an “ownership change” of a corporation.  Due to the change in ownership in 2004, we are restricted in the future use of net operating losses generated before the ownership change.  As of September 30, 2013, this limitation is applicable to accumulated federal net operating losses of approximately $2,040,000.
	Certain estimates for income tax for the year ended September 30, 2012 used in calculating income tax for the year ended September 30, 2013 have been revised to reflect the actual amounts per the tax returns filed with federal and state tax authorities.  These revisions had no effect on the current or prior year income tax provision (benefit), or deferred tax assets or liabilities.

Note_12_Common_Stock_Warrants_

Note 12 - Common Stock, Warrants and Preferred Stock	12 Months Ended
	Sep. 30, 2013
Notes	'
Note 12 - Common Stock, Warrants and Preferred Stock:	'
	NOTE 12 – COMMON STOCK, WARRANTS AND PREFERRED STOCK:
	Public Offerings
	In December 2012, we closed an underwritten public offering of our common stock to investors in the United States.  We entered into an underwriting agreement to sell 5,750,000 shares of common stock at a price of $0.20 per share for gross proceeds of $1,150,000.  We incurred $261,585 in expenses with respect to the offering, resulting in net proceeds of $888,415.  In connection with the offering, we also issued 150,000 warrants to the underwriter of the public offering.  Each warrant is exercisable to acquire one share of common stock at an exercise price of $0.25 per share for a two year period commencing December 26, 2013.  The warrants are exercisable by the holders on a cashless basis, but no registration rights were granted for the shares of common stock underlying the warrants.
	In September 2013, we closed an underwritten public offering of our common stock to investors in the United States.  We entered into an underwriting agreement to sell 5,000,000 shares of common stock at a price of $0.20 per share for gross proceeds of $1,000,000.  We incurred $204,579 in expenses with respect to the offering, resulting in net proceeds of $795,421.  In connection with the offering, we also issued 150,000 warrants to the underwriter of the public offering.  Each warrant is exercisable to acquire one share of common stock at an exercise price of $0.25 per share for a two year period commencing September 10, 2014.  The warrants are exercisable by the holders on a cashless basis, but no registration rights were granted for the shares of common stock underlying the warrants.
	Stock Issued for Mineral Rights, Property and Equipment
	During the year ended September 30, 2013, 100,000 shares of common stock were issued as consideration for an exclusive period of due diligence to evaluate the acquisition of a package of mineral claims in Nevada. The common stock issued was valued at the closing price of our common stock on the date of issue of $0.215 per share, for a total value of $21,500. Following the due diligence period, we acquired the package of mineral claims in Nevada in exchange for the issuance of an additional 900,000 shares of common stock.   The common stock issued was valued at the closing price of our common stock on the date of issue of $0.34 per share, for a total value of $306,000.
	During the year ended September 30, 2012, 919,935 shares of common stock were issued as partial consideration for the acquisition of patented claims on our South Eureka property near Eureka, Nevada. The common stock issued was valued at the closing price of our common stock on the date of issue of $0.54 per share, for a total value of $500,000.
	Warrants
	The following is a summary of our warrants outstanding:
				Weighted
				Average
		Shares		Exercise Price
	Outstanding at September 30, 2011	1,697,938	$	1.75
	Issued	-		-
	Exercised	-		-
	Expired	-1,697,938		-1.75
	Outstanding at September 30, 2012	0		0
	Issued	300,000		0.25
	Exercised	-		-
	Expired	-		-
	Outstanding at September 30, 2013	300,000	$	0.25
	We issued 300,000 warrants during the year ended September 30, 2013 in connection with our Public Offerings.  150,000 of the warrants are exercisable on a cashless basis, at the holders’ option, for a two year term commencing December 26, 2013.  The remaining 150,000 warrants are exercisable on a cashless basis, at the holders’ option, for a two year term commencing September 10, 2014.
	Preferred Stock
	We are authorized to issue up to 10,000,000 shares of preferred stock, $.01 par value. Our Board of Directors is authorized to issue the preferred stock from time to time in series, and is further authorized to establish such series, to fix and determine the variations in the relative rights and preferences as between series, to fix voting rights, if any, for each series, and to allow for the conversion of preferred stock into common stock.

Note_13_Stock_Options

Note 13 - Stock Options	12 Months Ended
	Sep. 30, 2013
Notes	'
Note 13 - Stock Options:	'
	NOTE 13 – STOCK OPTIONS:
	We have established the 2005 Equity Incentive Plan (as amended by shareholders of the Company on May 28, 2010) to authorize the granting of up to 10,000,000 stock options to employees, directors and consultants. Upon exercise of options, shares are issued from the available authorized shares of the Company.  Option awards are granted with an exercise price equal to the fair value of our stock at the date of grant.  The fair value of each option award was estimated on the date of grant using the assumptions noted in the following table.
		2013		2012
	Expected volatility, minimum	71.30%		83.70%
	Expected volatility, maximum	71.30%		95.40%
	Weighted-average volatility	71.30%		84.70%
	Expected dividends	0		0
	Expected term (in years)	3		3
	Risk-free rate, minimum	0.38%		0.31%
	Risk-free rate, maximum	0.38%		0.43%
	Expected forfeiture rate	0%		0%
	Total compensation cost of options vested under the plan, charged against operations, is included in the consolidated statements of operations as follows:
			Year ended September 30,
			2013		2012
	Salaries and benefits	$	-	$	224,000
	Other general and administrative expenses		10,000		146,000
	Total	$	10,000	$	370,000
	The following is a summary of our options issued under the Stock Incentive Plan:
					Weighted
					Average
		Shares			Exercise Price
	Outstanding at September 30, 2011	6,412,333		$	1.01
	Granted	1,350,000			0.51
	Exercised	-398,333			-0.34
	Expired	-872,500			-1.14
	Outstanding at September 30, 2012	6,491,500		$	0.93
	Exercisable at September 30, 2012	6,491,500		$	0.93
	Weighted average fair value of options granted during the year ended September 30, 2012				0.27
				$
	Outstanding at September 30, 2012	6,491,500		$	0.93
	Granted	100,000			0.22
	Exercised	0			0
	Expired	-1,320,000			-2.09
	Outstanding at September 30, 2013	5,271,500		$	0.63
	Exercisable at September 30, 2013	5,271,500		$	0.63
	Weighted average fair value of options granted during the year ended September 30, 2013
				$	0.1
	Unrecognized compensation expense related to options at September 30, 2013			$	0
	Average remaining contractual term of options outstanding and exercisable at September 30, 2013 (years)				1.84
	Of the options exercised during the year ended September 30, 2012, 363,333 were on a cashless basis resulting in the issuance of 127,527 shares based on the current price of our common stock on the date of exercise.  We received $11,550 from the exercise of the remaining 35,000 options.  The aggregate intrinsic value of options exercised during the year ending September 30, 2012 was $74,750.
	The aggregate of options both outstanding and exercisable as of September 30, 2013 had no intrinsic value based on the closing price per share of our common stock of $0.20 on September 30, 2013.

Note_14_Discontinued_Operation

Note 14 - Discontinued Operations	12 Months Ended
	Sep. 30, 2013
Notes	'
Note 14 - Discontinued Operations:	'
	NOTE 14 – DISCONTINUED OPERATIONS:
	Timberline Drilling
	In September 2011, we announced that we had entered into a non-binding letter of intent to sell our wholly owned Timberline Drilling (“TDI”) subsidiary.  The results of operations for TDI have been reported in discontinued operations for all periods presented.  The sale of TDI was completed in the year ended September 30, 2012.  Total consideration received by us included $8,000,000 in cash, an additional $2,000,000 in cash from the existing working capital of TDI, a working capital adjustment receivable by the Company in the amount of $1,657,625, a $1,350,000 note receivable, and an agreement by TDI to provide discounted drilling services or cash with a total value of $1,100,000 to us over five years, as well as the assumption by the purchaser of approximately $1,000,000 in long-term debt and obligations under capital leases of TDI.  We recognized a $1,636,938 gain on the sale of TDI but no income taxes arose from the gain.
	The $1,350,000 note receivable is unsecured and subordinated and bears interest at 10% per annum, payable monthly, with the principal to be repaid on or before May 9, 2013. The note receivable was fully repaid on April 19, 2013 (see Note 6).
	In conjunction with the sale of TDI, we repaid our $5,000,000 convertible note and all accrued interest outstanding to Juniper Resources, LLC, a company controlled by Ron Guill, a former director of the Company (see Note 9).
	During the year ended September 30, 2012, the working capital adjustment receivable of $1,657,625 was paid to us by TDI.
	No revenues or expenses of TDI are included in income from discontinued operations in the consolidated statement of operations for the year ended September 30, 2013.  The following table details selected financial information for TDI included in income from discontinued operations in the consolidated statements of operations for the year ended September 30, 2012:
			2012
	Revenues	$	3,173,633
	Cost of revenues		-2,300,585
	Operating expenses		-372,437
	Interest and other income		188
	Interest expense		-16,157
	Net income		484,642
	Gain on disposal		1,636,938
	Net income from discontinued operations	$	2,121,580
	Our consolidated balance sheet had no assets and liabilities held for sale as of September 30, 2013 or 2012.
	No cash flows from discontinued operations at TDI are included in our consolidated statement of cash flows for the year ended September 30, 2013. Cash flows from discontinued operations at Timberline Drilling included in our consolidated statements of cash flows for the years ending September 30, 2012 are as follows:
			2012
	Cash flows from operating activities	$	933,826
	Cash flows from investing activities		-
	Cash flows from financing activities		-27,754
	Total cash flows from discontinued operations	$	906,072

Note_15_Commitments

Note 15 - Commitments	12 Months Ended
	Sep. 30, 2013
Notes	'
Note 15 - Commitments:	'
	NOTE 15 – COMMITMENTS:
	Mineral Exploration
	A portion of our Lookout Mountain mineral claims are subject to a mining lease and agreement dated August 22, 2003 with Rocky Canyon Mining Company, and amended on June 1, 2008.  The lease term was extended to 20 years on June 1, 2008, and thereafter for as long as minerals are mined on the project.  Under this agreement we are obligated to make advance royalty payments of $72,000 per annum.
	During the year ended September 30, 2013, we announced that we had entered into a Lease and Option-to-Purchase Agreement (the "Knight Agreement") to evaluate, explore, and develop a package of mineral claims in Nevada comprised of six separate properties, including the Iron Butte Project.  Annual advance royalty payments of $25,000 commence under the Knight Agreement in March 2015.  In order to continue exploration of the properties subject to the Knight Agreement, we are required to issue 1,000,000 and 1,500,000 shares of our common stock in September 2014 and March 2016, respectively.  We also hold an option to purchase the claims for $2,000,000, in addition to the share issuances described above, on or before March 2017.  The Knight Agreement does not require any annual work commitments, and provides us with a first right of refusal on certain other Nevada properties controlled by Mr. Knight and currently under lease to third parties.
	We pay federal and county claim maintenance fees on several of our mineral exploration properties.  The total of these fees was approximately $275,000 and 234,000 as of September 30, 2013 and 2012, respectively.  Should we continue to explore all of our mineral properties we expect annual fees to total approximately $275,000 per year in the future.
	Real Estate Lease Commitments
	We have real estate lease commitments related to our main office in Coeur d’Alene, Idaho, and a facility in Eureka, Nevada.
	Total office and storage rental expense from continuing operations for the years ended September 30, 2013 and 2012 are included in the consolidated statements of operations as follows:
			2013		2012
	Mineral exploration expenses	$	39,501	$	29,700
	Other general and administrative expenses		50,310		55,226
	Total	$	89,811	$	84,926
	Annual lease obligations until the termination of the leases are as follows:
	For the year ending September 30,
	2014	$55,700
	2015	$           0
	2016	$           0
	2017	$           0
	2018	$           0

Note_16_Subsequent_Events

Note 16 - Subsequent Events	12 Months Ended
	Sep. 30, 2013
Notes	'
Note 16 - Subsequent Events:	'
	NOTE 16 – SUBSEQUENT EVENTS:
	On October 25, 2013, we amended our Lease and Option Agreement for Purchase and Sale of Mining Properties (the “Amended Agreement”), effective October 1, 2013, with David Cooper Knight, as trustee of the David C. and Debra J. Knight Living Trust (“Knight”).  Pursuant to the Amended Agreement, we will evaluate, explore and develop an additional package of 104 mineral claims in Nevada.  In consideration of the Amended Agreement, we issued 200,000 restricted common shares to Knight with a value of $40,000 based upon the closing price of our shares of common stock as quoted on the NYSE MKT.
	On December 5, 2013, we announced that we had entered into a confidentiality agreement with RockStar Resources, Inc. (“RockStar”), including a No-Shop/Exclusivity clause valid through February 28, 2014 in order to explore mutually beneficial transactions. Pursuant to the confidentiality agreement, RockStar has agreed to purchase $750,000 in shares of our common stock at a price of $0.20 per share in three, equal, installments of $250,000 on or before December 31, 2013, January 31, 2014 and February 28, 2014.
	On December 9, 2013, we entered into a vendor agreement with Kappes, Cassiday and Associates (“KCA”), whereby KCA agreed to settle $102,571 in accounts receivable from us via payment of $42,571 in cash and 352,941 shares of our common stock.  The stock was valued at our trailing 20-day volume weighted average closing price, ending December 2, 2013, on the NYSE MKT of $0.17 per common share.  In addition, KCA has agreed to perform additional metallurgical work on our behalf with an expected value of $105,419.  We will settle this amount via payment of $55,419 in cash and 294,118 shares of our common stock using the same $0.17 value per common share as outlined above.

Note_2_Summary_of_Significant_1

Note 2 - Summary of Significant Accounting Policies: Basis of Presentation (Policies)	12 Months Ended
	Sep. 30, 2013
Policies	'
Basis of Presentation	'
	a.   Basis of Presentation and Going Concern – This summary of significant accounting policies is presented to assist in understanding the financial statements. The financial statements and notes are representations of our management, which is responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America and have been consistently applied in the preparation of the financial statements.  The consolidated financial statements for the years ended September 30, 2013 and 2012 were prepared on the basis that the Company is a going concern, which contemplates the realization of its assets and the settlement of its liabilities in the normal course of operations. These financial statements do not reflect adjustments that would be necessary if the going concern assumption were not appropriate.  The Company’s ability to continue as a going concern is dependent upon its ability to receive cash flow from its Butte Highlands Gold Project or to successfully obtain additional financing. While the Company has been successful in the past in obtaining financing, there is no assurance that it will be able to obtain adequate financing in the future or that such financing will be on terms acceptable to the Company.

Note_2_Summary_of_Significant_2

Note 2 - Summary of Significant Accounting Policies: Exploration Stage Enterprise (Policies)	12 Months Ended
	Sep. 30, 2013
Policies	'
Exploration Stage Enterprise	'
	b.   Exploration Stage Enterprise – Following the sale of Timberline Drilling, we are now in the exploration stage of operation.  Therefore, as of November 9, 2011, our financial statements are prepared in accordance with the provisions of ASC 915 Development Stage Enterprises, as we devote substantially all of our efforts to acquiring and exploring mining interests that management believes should eventually provide sufficient net profits to sustain our existence.  Until such interests are engaged in commercial production, we will continue to prepare our consolidated financial statements and related disclosures in accordance with this standard.

Note_2_Summary_of_Significant_3

Note 2 - Summary of Significant Accounting Policies: C. Principles of Consolidation (Policies)	12 Months Ended
	Sep. 30, 2013
Policies	'
C. Principles of Consolidation	'
	c.    Principles of Consolidation – The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries, Staccato Gold Resources, Ltd. and BH Minerals USA, Inc., after elimination of intercompany accounts and transactions.

Note_2_Summary_of_Significant_4

Note 2 - Summary of Significant Accounting Policies: Mineral Exploration Expenses, Policy (Policies)	12 Months Ended
	Sep. 30, 2013
Policies	'
Mineral Exploration Expenses, Policy	'
	d.     Exploration Expenditures – All exploration expenditures are expensed as incurred. Significant property acquisition payments for active exploration properties are capitalized.  If no mineable ore body is discovered, previously capitalized costs are expensed in the period the property is abandoned.

Note_2_Summary_of_Significant_5

Note 2 - Summary of Significant Accounting Policies: Fair Value of Financial Instruments, Policy (Policies)	12 Months Ended
	Sep. 30, 2013
Policies	'
Fair Value of Financial Instruments, Policy	'
	e.     Fair Value of Financial Instruments – Our financial instruments include cash and restricted cash. The carrying value of restricted cash approximates fair value based on the contractual terms of those instruments.

Note_2_Summary_of_Significant_6

Note 2 - Summary of Significant Accounting Policies: Cash and Cash Equivalents, Policy (Policies)	12 Months Ended
	Sep. 30, 2013
Policies	'
Cash and Cash Equivalents, Policy	'
	f.     Cash Equivalents – For the purposes of the statement of cash flows, we consider all highly liquid investments with original maturities of three months or less when purchased to be cash equivalents.  Balances are insured by the Federal Deposit Insurance Corporation up to $250,000 for accounts at each financial institution.

Note_2_Summary_of_Significant_7

Note 2 - Summary of Significant Accounting Policies: Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy (Policies)	12 Months Ended
	Sep. 30, 2013
Policies	'
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy	'
	g.     Restricted Cash – Restricted cash represents funds restricted as collateral for bonds held for exploration permits.

Note_2_Summary_of_Significant_8

Note 2 - Summary of Significant Accounting Policies: Use of Estimates, Policy (Policies)	12 Months Ended
	Sep. 30, 2013
Policies	'
Use of Estimates, Policy	'
	h.      Estimates and Assumptions – The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America requires the use of estimates and assumptions that affect the reported amounts of assets and liabilities at the dates of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Significant areas requiring the use of management assumptions and estimates relate to asset impairments and asset retirement obligations.  Actual results could differ from these estimates and assumptions and could have a material effect on our reported financial position and results of operations.

Note_2_Summary_of_Significant_9

Note 2 - Summary of Significant Accounting Policies: Investment, Policy (Policies)	12 Months Ended
	Sep. 30, 2013
Policies	'
Investment, Policy	'
	i.      Investments – Investments in private entities which do not have a readily determinable fair value, and in which we do not have significant influence, are carried at the lower of cost or fair value.  We also have a 50% interest in a joint venture at our Butte Highlands Gold Project (see Note 5).  Given that our 50% interest in the joint venture is carried to production, we do not have management control over operating decisions of the joint venture until our joint venture partner’s investment in the project, less $2 million, is recovered by the joint venture partner out of future production; and we have no risk of loss from expenses incurred by the joint venture until production, we are carrying our investment in the joint venture at cost on the consolidated balance sheet.

Recovered_Sheet1

Note 2 - Summary of Significant Accounting Policies: Property, Plant and Equipment, Policy (Policies)	12 Months Ended
	Sep. 30, 2013
Policies	'
Property, Plant and Equipment, Policy	'
	j.      Property and Equipment – Property and equipment are stated at cost. Depreciation of property and equipment is calculated using the straight-line method over the estimated useful lives of the assets, which ranges from two to seven years.  Maintenance and repairs are charged to operations as incurred. Significant improvements are capitalized and depreciated over the useful life of the assets. Gains or losses on disposition or retirement of property and equipment are recognized in operating expenses.

Recovered_Sheet2

Note 2 - Summary of Significant Accounting Policies: Impairment or Disposal of Long-Lived Assets, Policy (Policies)	12 Months Ended
	Sep. 30, 2013
Policies	'
Impairment or Disposal of Long-Lived Assets, Policy	'
	k.     Review of Carrying Value of Property, Mineral Rights and Equipment for Impairment – We review the carrying value of property, mineral rights and equipment for impairment whenever events and circumstances indicate that the carrying value of an asset may not be recoverable from the estimated future cash flows expected to result from its use and eventual disposition. In cases where undiscounted expected future cash flows are less than the carrying value, an impairment loss is recognized equal to an amount by which the carrying value exceeds the fair value of assets. The factors considered by management in performing this assessment include current operating results, trends and prospects, the manner in which the property is used, the effects of obsolescence, demand, competition, and other economic factors. Based on this assessment, no impairments were recorded at September 30, 2013 or September 30, 2012.

Recovered_Sheet3

Note 2 - Summary of Significant Accounting Policies: Asset Retirement Obligations, Policy (Policies)	12 Months Ended
	Sep. 30, 2013
Policies	'
Asset Retirement Obligations, Policy	'
	l.      Asset Retirement Obligations – The Company accounts for asset retirement obligations by following the uniform methodology for accounting for estimated reclamation and abandonment costs as prescribed by authoritative accounting guidance.  This guidance provides that the fair value of a liability for an asset retirement obligation (“ARO”) will be recognized in the period in which it is incurred if a reasonable estimate of fair value can be made. The ARO is capitalized as part of the carrying value of the assets to which it is associated, and depreciated over the useful life of the asset. Adjustments are made to the liability for changes resulting from passage of time and changes to either the timing or amount of the original present value estimate underlying the obligation. We have an asset retirement obligation associated with our exploration program at the Lookout Mountain exploration project (see Note 10).

Recovered_Sheet4

Note 2 - Summary of Significant Accounting Policies: Income Tax, Policy (Policies)	12 Months Ended
	Sep. 30, 2013
Policies	'
Income Tax, Policy	'
	m.   Provision for Income Taxes – Income taxes are provided based upon the liability method of accounting.  Under this approach, deferred income taxes are recorded to reflect the tax consequences in future years of differences between the tax basis of assets and liabilities and their financial reporting amounts at each year-end.   A valuation allowance is recorded against the deferred tax asset if management believes it is more likely than not that some portion or all of the deferred tax assets will not be realized (see Note 11).

Recovered_Sheet5

Note 2 - Summary of Significant Accounting Policies: Foreign Currency Transactions and Translations Policy (Policies)	12 Months Ended
	Sep. 30, 2013
Policies	'
Foreign Currency Transactions and Translations Policy	'
	n.     Translation of Foreign Currencies – All amounts in the financial statements are presented in US dollars, and the US dollar is our functional currency. We have a Canadian subsidiary, but this subsidiary has no operations, assets or liabilities in Canada for the years ended September 30, 2013 and 2012, respectively.  Foreign translation and transaction losses from continuing operations, relating to expenses incurred in Canada by Timberline, of $2,619 and $333 for the years ended September 30, 2013 and 2012, respectively, have been included in the current period net loss as a component of other expense.

Recovered_Sheet6

Note 2 - Summary of Significant Accounting Policies: Share-based Compensation, Option and Incentive Plans Policy (Policies)	12 Months Ended
	Sep. 30, 2013
Policies	'
Share-based Compensation, Option and Incentive Plans Policy	'
	o.      Stock-based Compensation – We estimate the fair value of our stock based compensation using the Black-Scholes model, which requires the input of some subjective assumptions. These assumptions include estimating the length of time employees will retain their vested stock options before exercising them (“expected life”), the estimated volatility of our common stock price over the expected term (“volatility”), employee forfeiture rate, the risk-free interest rate and the dividend yield. Changes in the subjective assumptions can materially affect the estimate of fair value of stock-based compensation.  The value of common stock awards is determined based upon the closing price of our stock on the date of the award.

Recovered_Sheet7

Note 2 - Summary of Significant Accounting Policies: Earnings Per Share, Policy (Policies)	12 Months Ended
	Sep. 30, 2013
Policies	'
Earnings Per Share, Policy	'
	p.   Net Loss per Share – Basic earnings per share (“EPS”) is computed as net income (loss) available to common shareholders divided by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur from common shares issuable through stock options, warrants, and other convertible securities.
	The dilutive effect of convertible and outstanding securities as of September 30, 2013 and 2012 is as follows:
		2013	2012
	Stock options	5,271,500	6,491,500
	Warrants	300,000	-
	Total potential dilution	5,571,500	6,491,500
	At September 30, 2013 and 2012, the effect of the Company’s outstanding stock options and common stock equivalents would have been anti-dilutive. Accordingly, only basic EPS is presented.

Recovered_Sheet8

Note 2 - Summary of Significant Accounting Policies: Discontinued Operations, Policy (Policies)	12 Months Ended
	Sep. 30, 2013
Policies	'
Discontinued Operations, Policy	'
	q.     Discontinued Operations – A discontinued operation is a component of the Company that either has been disposed of, or is classified as held for sale, and represents a separate major line of business or geographical area of operations or is part of a single coordinated plan to dispose of a separate major line of business or geographical area of operations. Results from discontinued operations that are clearly identifiable as part of the component disposed of and that will not be recognized subsequent to the disposal are presented separately as a single amount in the consolidated statement of operations and comprehensive income (loss). Results from discontinued operations are reclassified for prior periods presented in the financial statements so that the results from discontinued operations relate to all operations that have been discontinued as of the balance sheet date for the latest period presented.

Recovered_Sheet9

Note 2 - Summary of Significant Accounting Policies: New accounting pronouncements (Policies)	12 Months Ended
	Sep. 30, 2013
Policies	'
New accounting pronouncements	'
	r.       New Accounting Pronouncements – In February 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2013-02, Reporting of Amounts Reclassified out of Accumulated Other Comprehensive Income. This standard requires companies to present information about reclassification adjustments from accumulated other comprehensive income to the income statement, including the income statement line items affected by the reclassification. The information must be presented in the financial statements in a single note or on the face of the financial statements. The new accounting guidance also requires the disclosure to be cross referenced to other financial statement disclosures for reclassification items that are not reclassified directly to net income in their entirety in the same reporting period. The new requirements are effective for public entities in fiscal years (including interim periods) beginning after December 15, 2012. Adoption of this guidance did not have a material effect on our consolidated financial statements.
	In July 2013, the FASB issued ASU No. 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. This standard provides guidance on the presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists.  The new requirements are effective for public entities in fiscal years (including interim periods) beginning after December 15, 2013. Adoption of this guidance is not expected to have a material effect on our consolidated financial statements.

Recovered_Sheet10

Note 2 - Summary of Significant Accounting Policies: Earnings Per Share, Policy: Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Tables)	12 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	'
		2013	2012
	Stock options	5,271,500	6,491,500
	Warrants	300,000	-
	Total potential dilution	5,571,500	6,491,500

Note_3_Fair_Value_of_Financial1

Note 3 - Fair Value of Financial Instruments: Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Tables)	12 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	'
			2013	2012		Input Hierarchy Level
	Assets:
	Cash	$	824,919	$	1,034,080		Level 1
	Restricted cash		639,422		639,422		Level 1

Note_4_Property_Mineral_Rights1

Note 4 - Property, Mineral Rights and Equipment: Property, Plant and Equipment (Tables)	12 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Property, Plant and Equipment	'
		Expected		2013		2012
		Useful Lives
		(years)
	Mineral rights – South Eureka	-	$	13,329,842	$	13,241,342
	Mineral rights – Other	-		626,000		285,000
	Equipment and vehicles	5-Feb		185,692		185,692
	Office equipment and furniture	7-Mar		70,150		70,150
	Land	-		51,477		51,477
	Total property, mineral rights and equipment			14,263,161		13,833,661
	Less accumulated depreciation			-225,377		-197,588
	Property, mineral rights and equipment, net		$	14,037,784	$	13,636,073

Note_4_Property_Mineral_Rights2

Note 4 - Property, Mineral Rights and Equipment: Property, Plant and Equipment, Estimated Useful Lives (Tables)	12 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Property, Plant and Equipment, Estimated Useful Lives	'
		Minimum	Maximum
	Equipment and vehicles, expected useful lives in years	2	5	5-Feb
	Office equipment and furniture, expected useful lives in years	3	7	7-Mar

Note_6_Note_Receivable_Schedul

Note 6 - Note Receivable: Schedule of Accounts, Notes, Loans and Financing Receivable (Tables)	12 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Schedule of Accounts, Notes, Loans and Financing Receivable	'
		2013		2012
	Beginning balance	$	1,350,000	$	-
	Note receivable acquired		-		1,350,000
	Payment received on note receivable		-1,350,000		-
	Ending balance	$	-	$	1,350,000

Note_7_Prepaid_Drilling_Servic1

Note 7 - Prepaid Drilling Services: Schedule of Prepaid Drilling Services (Tables)	12 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Schedule of Prepaid Drilling Services	'
		2013		2012
	Beginning balance	$	887,116	$	-
	Prepaid drilling services acquired		-		1,100,000
	Prepaid drilling services used		-		-212,884
	Cash received in lieu of drilling services		-227,116		-
	Ending balance	$	660,000	$	887,116

Note_8_Deposits_and_Other_Asse1

Note 8 -Deposits and Other Assets: Daycon Minerals Investment (Tables)	12 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Daycon Minerals Investment	'
		2013
				2012
	Shares of common stock owned		1,800,000		700,000
	Cost value of investment	$	450,000	$	175,000
	Other-than-temporary impairment		-450,000		-
	Carrying value of investment	$	-	$	175,000

Note_10_Asset_Retirement_Oblig1

Note 10 - Asset Retirement Obligation: Schedule of Change in Asset Retirement Obligation (Tables)	12 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Schedule of Change in Asset Retirement Obligation	'
			2013		2012
	Beginning balance	$	119,831	$	114,125
	Accretion expense		5,992		5,706
	Ending balance	$	125,823	$	119,831

Note_11_Income_Taxes_Schedule_

Note 11 - Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Tables)	12 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Schedule of Deferred Tax Assets and Liabilities	'
			2013		2012
	Net deferred tax asset:
	Exploration costs	$	1,027,000	$	1,136,000
	Property, mineral rights and equipment		35,000		4,000
	Long term investments		180,000		-
	Foreign intangible expenses		-312,000		-371,000
	Share based compensation		2,106,000		2,167,000
	Alternative minimum tax credit carryforward		2,000		19,000
	Foreign income tax credit carryforwards		697,000		443,000
	Federal net operating losses		7,827,000		8,424,000
	Foreign net operating losses		1,691,000		2,070,000
	Total deferred tax asset		13,253,000		13,892,000
	Valuation allowance		-13,253,000		-13,892,000
	Deferred tax asset	$	0	$	0
	BH Minerals USA, Inc.
	Net deferred tax asset:
	Property, mineral rights and equipment	$	-3,814,000	$	-3,759,000
	Exploration costs		2,954,000		2,809,000
	Federal net operating losses		3,251,000		2,594,000
	Total deferred tax asset		2,391,000		1,644,000
	Valuation allowance		-2,391,000		-1,644,000
	Deferred tax asset	$	0	$	0

Note_11_Income_Taxes_Schedule_1

Note 11 - Income Taxes: Schedule of Effective Income Tax Rate Reconciliation (Tables)	12 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Schedule of Effective Income Tax Rate Reconciliation	'
			2013		2012
	Continuing operations	$	-3,724,582	$	-7,171,572
	Discontinued operations		-		2,121,580
	Total net income (loss) before taxes	$	-3,724,582	$	(5,049,992)
	Statutory Federal income tax rate		34%		34%
	Expected income tax benefit based on statutory rate	$	-1,303,000	$	-1,717,000
	Permanent differences		4,000		31,000
	Effect of state taxes		119,000		-40,000
	Effect of tax rate changes		574,000		-
	Non-recognition due to increase in valuation allowance		606,000		1,726,000
	Total income tax benefit	$	0	$	0

Note_12_Common_Stock_Warrants_1

Note 12 - Common Stock, Warrants and Preferred Stock: Schedule of Stockholders' Equity Note, Warrants or Rights (Tables)	12 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Schedule of Stockholders' Equity Note, Warrants or Rights	'
				Weighted
				Average
		Shares		Exercise Price
	Outstanding at September 30, 2011	1,697,938	$	1.75
	Issued	-		-
	Exercised	-		-
	Expired	-1,697,938		-1.75
	Outstanding at September 30, 2012	0		0
	Issued	300,000		0.25
	Exercised	-		-
	Expired	-		-
	Outstanding at September 30, 2013	300,000	$	0.25

Note_13_Stock_Options_Schedule

Note 13 - Stock Options: Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions (Tables)	12 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions	'
		2013	2012
	Expected volatility, minimum	71.30%	83.70%
	Expected volatility, maximum	71.30%	95.40%
	Weighted-average volatility	71.30%	84.70%
	Expected dividends	0	0
	Expected term (in years)	3	3
	Risk-free rate, minimum	0.38%	0.31%
	Risk-free rate, maximum	0.38%	0.43%
	Expected forfeiture rate	0%	0%

Note_13_Stock_Options_Schedule1

Note 13 - Stock Options: Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs (Tables)	12 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs	'
			Year ended September 30,
			2013		2012
	Salaries and benefits	$	-	$	224,000
	Other general and administrative expenses		10,000		146,000
	Total	$	10,000	$	370,000

Note_13_Stock_Options_Schedule2

Note 13 - Stock Options: Schedule of Share-based Compensation, Stock Options, Activity (Tables)	12 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Schedule of Share-based Compensation, Stock Options, Activity	'
				Weighted
				Average
		Shares		Exercise Price
	Outstanding at September 30, 2011	6,412,333	$	1.01
	Granted	1,350,000		0.51
	Exercised	-398,333		-0.34
	Expired	-872,500		-1.14
	Outstanding at September 30, 2012	6,491,500	$	0.93
	Exercisable at September 30, 2012	6,491,500	$	0.93
	Weighted average fair value of options granted during the year ended September 30, 2012			0.27
			$
	Outstanding at September 30, 2012	6,491,500	$	0.93
	Granted	100,000		0.22
	Exercised	0		0
	Expired	-1,320,000		-2.09
	Outstanding at September 30, 2013	5,271,500	$	0.63
	Exercisable at September 30, 2013	5,271,500	$	0.63
	Weighted average fair value of options granted during the year ended September 30, 2013
			$	0.1
	Unrecognized compensation expense related to options at September 30, 2013		$	0
	Average remaining contractual term of options outstanding and exercisable at September 30, 2013 (years)			1.84

Note_14_Discontinued_Operation1

Note 14 - Discontinued Operations: Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures (Tables)	12 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures	'
			2012
	Revenues	$	3,173,633
	Cost of revenues		-2,300,585
	Operating expenses		-372,437
	Interest and other income		188
	Interest expense		-16,157
	Net income		484,642
	Gain on disposal		1,636,938
	Net income from discontinued operations	$	2,121,580

Note_14_Discontinued_Operation2

Note 14 - Discontinued Operations: Schedule of Disposal Group Including Discontinued Operations Cash Flow Disclosures (Tables)	12 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Schedule of Disposal Group Including Discontinued Operations Cash Flow Disclosures	'
			2012
	Cash flows from operating activities	$	933,826
	Cash flows from investing activities		-
	Cash flows from financing activities		-27,754
	Total cash flows from discontinued operations	$	906,072

Note_15_Commitments_Schedule_o

Note 15 - Commitments: Schedule of Rent Expense (Tables)	12 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Schedule of Rent Expense	'
			2013		2012
	Mineral exploration expenses	$	39,501	$	29,700
	Other general and administrative expenses		50,310		55,226
	Total	$	89,811	$	84,926

Note_15_Commitments_Schedule_o1

Note 15 - Commitments: Schedule of Future Minimum Rental Payments for Operating Leases (Tables)	12 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Schedule of Future Minimum Rental Payments for Operating Leases	'
	For the year ending September 30,
	2014	$55,700
	2015	$           0
	2016	$           0
	2017	$           0
	2018	$           0

Recovered_Sheet11

Note 2 - Summary of Significant Accounting Policies: Basis of Presentation (Details)	12 Months Ended
	Sep. 30, 2013
Details	'
Going Concern Note	'The consolidated financial statements for the years ended September 30, 2013 and 2012 were prepared on the basis that the Company is a going concern, which contemplates the realization of its assets and the settlement of its liabilities in the normal course of operations. These financial statements do not reflect adjustments that would be necessary if the going concern assumption were not appropriate. The Company’s ability to continue as a going concern is dependent upon its ability to receive cash flow from its Butte Highlands Gold Project or to successfully obtain additional financing. While the Company has been successful in the past in obtaining financing, there is no assurance that it will be able to obtain adequate financing in the future or that such financing will be on terms acceptable to the Company.

Recovered_Sheet12

Note 2 - Summary of Significant Accounting Policies: Earnings Per Share, Policy: Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details)	12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Details	'	'
Stock options	5,271,500	6,491,500
Warrants	300,000	'
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	5,571,500	6,491,500

Note_3_Fair_Value_of_Financial2

Note 3 - Fair Value of Financial Instruments: Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Details) (USD $)	Sep. 30, 2013	Sep. 30, 2012
Details	'	'
Cash and Cash Equivalents, Fair Value Disclosure	$824,919	$1,034,080
Restricted Cash and Cash Equivalents, Current	$639,422	$639,422

Note_4_Property_Mineral_Rights3

Note 4 - Property, Mineral Rights and Equipment: Property, Plant and Equipment (Details) (USD $)	Sep. 30, 2013	Sep. 30, 2012
Details	'	'
Mineral rights South Eureka	$13,329,842	$13,241,342
Mineral Rights	626,000	285,000
Equipment and vehicles	185,692	185,692
Office equipment and furniture	70,150	70,150
Land	51,477	51,477
Property, Plant and Equipment, Gross	14,263,161	13,833,661
Accumulated depreciation	-225,377	-197,588
PROPERTY, MINERAL RIGHTS AND EQUIPMENT	$14,037,784	$13,636,073

Note_4_Property_Mineral_Rights4

Note 4 - Property, Mineral Rights and Equipment: Property, Plant and Equipment, Estimated Useful Lives (Details)	12 Months Ended
	Sep. 30, 2013
Equipment and vehicles, expected useful lives in years	'2-5
Office equipment and furniture, expected useful lives in years	'3-7
Minimum	'
Equipment and vehicles, expected useful lives in years	'2
Office equipment and furniture, expected useful lives in years	'3
Maximum	'
Equipment and vehicles, expected useful lives in years	'5
Office equipment and furniture, expected useful lives in years	'7

Note_4_Property_Mineral_Rights5

Note 4 - Property, Mineral Rights and Equipment (Details) (USD $)	12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Details	'	'
Depreciation	$27,789	$51,019

Note_5_Investment_in_Joint_Ven1

Note 5 - Investment in Joint Venture (Details) (USD $)	Sep. 30, 2013	Sep. 30, 2012
Details	'	'
Due from Affiliate, Current	$53,586	$773,028

Note_6_Note_Receivable_Schedul1

Note 6 - Note Receivable: Schedule of Accounts, Notes, Loans and Financing Receivable (Details) (USD $)	12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Details	'	'
Note receivable beginning balance	$1,350,000	'
Note receivable acquired	'	1,350,000
Repayment of note receivable	-1,350,000	'
Note receivable	'	$1,350,000

Note_6_Note_Receivable_Details

Note 6 - Note Receivable (Details) (USD $)	12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Details	'	'
Interest Income, Other	$66,164	$120,945

Note_7_Prepaid_Drilling_Servic2

Note 7 - Prepaid Drilling Services (Details) (USD $)	12 Months Ended
	Sep. 30, 2012
Details	'
Prepaid drilling services acquired	$1,100,000

Note_7_Prepaid_Drilling_Servic3

Note 7 - Prepaid Drilling Services: Schedule of Prepaid Drilling Services (Details) (USD $)	12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Details	'	'
Beginning balance, Prepaid drilling services	887,116	'
Prepaid drilling services acquired	'	$1,100,000
Prepaid drilling services used	'	-212,884
Cash received in lieu of drilling services	-227,116	'
Ending balance	$660,000	$887,116

Note_8_Deposits_and_Other_Asse2

Note 8 -Deposits and Other Assets: Daycon Minerals Investment (Details) (USD $)	12 Months Ended		23 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013
Details	'	'	'
Shares of common stock owned	1,800,000	700,000	'
Cost value of investment	$450,000	$175,000	'
Impairment of long term investment	-450,000	'	-450,000
Carrying value of investment	'	$175,000	'

Note_9_Related_Party_Transacti1

Note 9 - Related Party Transactions (Details) (USD $)	Sep. 30, 2013	Sep. 30, 2012
Details	'	'
Receivable from BHJV	$53,586	$773,028

Note_10_Asset_Retirement_Oblig2

Note 10 - Asset Retirement Obligation: Schedule of Change in Asset Retirement Obligation (Details) (USD $)	12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Details	'	'
Beginning balance	$119,831	$114,125
Accretion expense	5,992	5,706
Ending balance	$125,823	$119,831

Note_11_Income_Taxes_Schedule_2

Note 11 - Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Details) (USD $)	Sep. 30, 2013	Sep. 30, 2012
Details	'	'
Deferred Tax Assets Exploration Costs	$1,027,000	$1,136,000
Deferred Tax Assets, Property, Plant and Equipment	35,000	4,000
Deferred Tax Assets, Investments	180,000	'
Deferred Tax Assets, Tax Deferred Expense, Other	-312,000	-371,000
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost	2,106,000	2,167,000
Deferred Tax Assets, Tax Credit Carryforwards, Alternative Minimum Tax	2,000	19,000
Deferred Tax Assets, Tax Credit Carryforwards, Foreign	697,000	443,000
Deferred Tax Assets, Operating Loss Carryforwards, Domestic	7,827,000	8,424,000
Deferred Tax Assets, Operating Loss Carryforwards, Foreign	1,691,000	2,070,000
Deferred Tax Assets, Gross	13,253,000	13,892,000
Deferred Tax Assets, Valuation Allowance	-13,253,000	-13,892,000
Deferred Tax Assets, Net of Valuation Allowance, Total	0	0
Deferred Tax Assets Property Plant Ad Equipment, Subsidiary	-3,814,000	-3,759,000
Deferred Tax Assets Exploration Costs, Subsidiary	2,954,000	2,809,000
Deferred Tax Assets Operating Loss Carryforward Domestic, Subsidiary	3,251,000	2,594,000
Deferred Tax Assets, Gross, Subsidiary	2,391,000	1,644,000
Deferred Tax Assets Valuation Allowance, Subsidiary	-2,391,000	-1,644,000
Deferred Tax Assets, Net, Subsidiary	$0	$0

Note_11_Income_Taxes_Schedule_3

Note 11 - Income Taxes: Schedule of Effective Income Tax Rate Reconciliation (Details) (USD $)	12 Months Ended		23 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013
Details	'	'	'
LOSS BEFORE INCOME TAXES	($3,724,582)	($7,171,572)	($10,306,843)
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax	'	2,121,580	'
Total net income (loss) before taxes	-3,724,582	-5,049,992	'
Statutory Federal income tax rate	34.00%	34.00%	'
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount	-1,303,000	-1,717,000	'
Effective Income Tax Rate Reconciliation, Other Reconciling Items, Amount	4,000	31,000	'
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Amount	119,000	-40,000	'
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Amount	574,000	'	'
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount	606,000	1,726,000	'
INCOME TAX EXPENSE	$0	$0	$0

Note_12_Common_Stock_Warrants_2

Note 12 - Common Stock, Warrants and Preferred Stock: Schedule of Stockholders' Equity Note, Warrants or Rights (Details) (USD $)	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011
Details	'	'	'
Outstanding	300,000	0	1,697,938
Warrants expired	'	'	-1,697,938
Weighted Average Exercise Price, Warrants Expired	'	$0	($1.75)
Warrants issued	300,000	'	'
Weighted Average Exercise Price, Warrants Issued	$0.25	'	'
Weighted Average Exercise Price, Warrants Outstanding	$0.25	'	'

Note_13_Stock_Options_Schedule3

Note 13 - Stock Options: Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions (Details) (USD $)	12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Minimum	71.30%	83.70%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Maximum	71.30%	95.40%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Weighted Average Volatility Rate	71.30%	84.70%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Payments	$0	$0
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	'3 years	'3 years
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Minimum	0.38%	0.31%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Maximum	0.38%	0.43%
Sharebased Compensation Arrangement By Sharebased Payment Award FairValue Assumptions Expected Forfeiture Rate	0.00%	0.00%

Note_13_Stock_Options_Schedule4

Note 13 - Stock Options: Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs (Details) (USD $)	12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Details	'	'
Salaries and benefits	'	$224,000
Other general and administrative expenses	10,000	146,000
Total recognized period costs	$10,000	$370,000

Note_13_Stock_Options_Schedule5

Note 13 - Stock Options: Schedule of Share-based Compensation, Stock Options, Activity (Details) (USD $)	12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011
Details	'	'	'
Outstanding	5,271,500	6,491,500	6,412,333
Weighted Average Exercise Price, Outstanding	$0.63	$0.93	$1.01
Granted	100,000	1,350,000	'
Weighted Average Exercise Price, Granted	$0.22	$0.51	'
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures	0	'	'
Weighted Average Exercise Price, Exercised	$0	($0.34)	'
Expired	-1,320,000	-872,500	'
Weighted Average Exercise Price, Expired	'	($2.09)	'
Outstanding	5,271,500	6,491,500	6,412,333
Weighted Average Exercise Price, Outstanding	$0.63	$0.93	$1.01
Exercisable	5,271,500	6,491,500	'
Weighted Average Exercise Price, Exercisable	$0.63	$0.93	'
Weighted average fair value of options granted	'	$0.27	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	$0.10	'	'
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options	$0	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	1.84	'	'

Note_13_Stock_Options_Details

Note 13 - Stock Options (Details) (USD $)	12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Details	'	'
Options exercised on cashless basis	'	363,333
Options shares issued	'	127,527
Proceeds from Options exercised	'	$11,550
Options exercised	'	35,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value	$0	$74,750

Note_14_Discontinued_Operation3

Note 14 - Discontinued Operations (Details)	12 Months Ended
	Sep. 30, 2013
Details	'
Timberline Drillling	'Timberline Drilling In September 2011, we announced that we had entered into a non-binding letter of intent to sell our wholly owned Timberline Drilling (“TDI”) subsidiary. The results of operations for TDI have been reported in discontinued operations for all periods presented. The sale of TDI was completed in the year ended September 30, 2012. Total consideration received by us included $8,000,000 in cash, an additional $2,000,000 in cash from the existing working capital of TDI, a working capital adjustment receivable by the Company in the amount of $1,657,625, a $1,350,000 note receivable, and an agreement by TDI to provide discounted drilling services or cash with a total value of $1,100,000 to us over five years, as well as the assumption by the purchaser of approximately $1,000,000 in long-term debt and obligations under capital leases of TDI. We recognized a $1,636,938 gain on the sale of TDI but no income taxes arose from the gain.

Note_14_Discontinued_Operation4

Note 14 - Discontinued Operations: Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures (Details) (USD $)	12 Months Ended
	Sep. 30, 2012
Details	'
Revenues	$3,173,633
Cost of Revenue	-2,300,585
Operating Costs and Expenses	-372,437
Interest and Other Income	188
Interest Expense	-16,157
NetIncomeTimberlineDrillling	484,642
Gain on disposal	1,636,938
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax	$2,121,580

Note_14_Discontinued_Operation5

Note 14 - Discontinued Operations: Schedule of Disposal Group Including Discontinued Operations Cash Flow Disclosures (Details) (USD $)	12 Months Ended
	Sep. 30, 2012
Details	'
Cash Provided by (Used in) Operating Activities, Discontinued Operations	$933,826
Cash Provided by (Used in) Financing Activities, Discontinued Operations	-27,754
Net Cash Provided by (Used in) Discontinued Operations	$906,072

Note_15_Commitments_Details

Note 15 - Commitments (Details)	12 Months Ended
	Sep. 30, 2013
Details	'
Mineral Exploration Commitments	'Mineral Exploration A portion of our Lookout Mountain mineral claims are subject to a mining lease and agreement dated August 22, 2003 with Rocky Canyon Mining Company, and amended on June 1, 2008. The lease term was extended to 20 years on June 1, 2008, and thereafter for as long as minerals are mined on the project. Under this agreement we are obligated to make advance royalty payments of $72,000 per annum. During the year ended September 30, 2013, we announced that we had entered into a Lease and Option-to-Purchase Agreement (the 'Knight Agreement') to evaluate, explore, and develop a package of mineral claims in Nevada comprised of six separate properties, including the Iron Butte Project. Annual advance royalty payments of $25,000 commence under the Knight Agreement in March 2015. In order to continue exploration of the properties subject to the Knight Agreement, we are required to issue 1,000,000 and 1,500,000 shares of our common stock in September 2014 and March 2016, respectively. We also hold an option to purchase the claims for $2,000,000, in addition to the share issuances described above, on or before March 2017. The Knight Agreement does not require any annual work commitments, and provides us with a first right of refusal on certain other Nevada properties controlled by Mr. Knight and currently under lease to third parties. We pay federal and county claim maintenance fees on several of our mineral exploration properties. The total of these fees was approximately $275,000 and 234,000 as of September 30, 2013 and 2012, respectively. Should we continue to explore all of our mineral properties we expect annual fees to total approximately $275,000 per year in the future.
Purchase Commitment, Description	'We have real estate lease commitments related to our main office in Coeur d’Alene, Idaho, and a facility in Eureka, Nevada.

Note_15_Commitments_Schedule_o2

Note 15 - Commitments: Schedule of Rent Expense (Details) (USD $)	12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Details	'	'
Results of Operations Exploration Expense Mining	$39,501	$29,700
Other general and administrative expenses	50,310	55,226
Operating Leases, Rent Expense	$89,811	$84,926

Note_15_Commitments_Schedule_o3

Note 15 - Commitments: Schedule of Future Minimum Rental Payments for Operating Leases (Details) (USD $)	Sep. 30, 2015	Sep. 30, 2014
Details	'	'
Operating Leases, Future Minimum Payments Due	$0	$55,700