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Income Taxes | 12 Months Ended
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Dec. 31, 2011
Income Taxes [Text Block] | 8. Income Taxes The Company did not recognize a provision (benefit) for income taxes for the years ended December 31, 2011 and 2010. At December 31, 2011 and 2010, the Company had deferred tax assets principally arising from the net operating loss carry forwards for income tax purposes multiplied by an expected rate of 40%. As management of the Company cannot determine that it is more likely than not that the Company will realize the benefit of the deferred tax assets, a valuation allowance equal to the deferred tax asset has be established at December 31, 2011 and December 31, 2010. The significant components of the deferred tax asset at December 31, 2011 and 2010 were as follows:
|  | December 31, |  |  | December 31 , |
|  | 2011 |  |  | 2010 |
Deferred tax asset |  |  |  |  |  |
Net operating loss carry forward | $ | 2,985,000 |  | $ | 3,041,000 |
Exploration costs |  | 107,000 |  |  | 99,000 |
Total deferred tax assets |  | 3,092,000 |  |  | 3,140,000 |
Valuation allowance |  | (2,661,000 | ) |  | (2,742,000 | )
Net |  | 431,000 |  |  | 398,000 |
Deferred tax liabilities |  |  |  |  |  |
Development |  | (29,000 | ) |  | (20,000 | )
Property, plant, and equipment |  | (402,000 | ) |  | (378,000 | )
Total deferred tax liabilities |  | (431,000 | ) |  | (398,000 | )
Net deferred tax asset | $ |  |  | $ |  |
At December 31, 2011 and 2010 the Company had net operating loss carry forwards of approximately $7,462,000 and $7,602,000 respectively for both federal and the state of Idaho, which expire in the years 2016 through 2030. The income tax benefit shown in the financial statements for the years ended December 31, 2011 and 2010 differs from the statutory rate as follows:
|  | December 31, |  |  | December 31, |
|  | 2011 |  |  | 2010 |
Provision (benefit) at statutory rate | $ | 26,000 |  | $ | (184,000 | )
State taxes, net of federal taxes |  | 6,000 |  |  | (41,000 | )
Permanent differences |  | 49,000 |  |  | - |
Increase (decrease) in valuation allowance |  | (81,000 | ) |  | 225,000 |
Total provision (benefit) | $ | 0 |  | $ | 0 |
We have determined that we are open to examination of our income tax filings in the United States and state jurisdictions for the 2008 through 2010 tax years. In the event that the Company is assessed penalties and or interest, penalties will be charged to other operating expense and interest will be charged to interest expense. We have recognized that certain tax positions taken in the 2008 through 2010 tax years could result in minor adjustments to our exploration and development costs for tax purposes. However, these adjustments would not result in a tax provision, only revision to the net operating loss carry forward balance.

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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 109 -Paragraph 136, 172 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 109 -Paragraph 43, 44, 45, 46, 47, 48, 49 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph h -Article 4 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690 + Details
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