XML 18 R12.htm IDEA: XBRL DOCUMENT v2.3.0.15
Golden Chest Llc Joint Venture
9 Months Ended
Sep. 30, 2011
Golden Chest Llc Joint Venture [Text Block]
7.

Golden Chest LLC Joint Venture

The Company has a joint venture with Marathon Gold USA (MUSA). Upon MUSA's completion of their initial contribution the company and MUSA each will have 50% ownership and an equal amount of control over the joint venture. As of September 30, 2011 MUSA has contributed $3,000,000 of their initial contribution for an effective ownership percentage of 37% however they are represented in the controlling body by 50% membership unless they default on their contribution schedule. Full contribution of their initial contribution is expected by November 30, 2011.