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Statement of Operations (USD $)
12 Months Ended 185 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2011
Income earned during the development stage:      
Sales of gold $ 0 $ 11,410 $ 437,122
Sales of concentrate 0 0 601,168
Drilling and exploration contract income 1,242,345 161,305 1,602,260
Joint venture management fee income 79,031 0 79,031
Engineering services income 131,800 32,022 163,823
Total income earned during the development stage 1,453,176 204,737 2,883,404
Costs and expenses:      
Direct production costs 14,237 51,770 1,333,208
Drilling and exploration contract expense 642,478 118,381 849,545
Engineering services expense 39,000 13,090 52,091
Management 86,912 133,596 1,916,539
Exploration 10,850 158,223 2,419,081
Net loss (gain) on sale of or default on mineral property 128,602 (50,000) (281,398)
Net gain on sale of equipment (12,895) (35,098) (47,993)
Depreciation and amortization 93,934 59,687 823,714
General and administrative expenses 391,293 302,165 3,085,016
Total operating expenses 1,394,411 751,814 10,149,803
Other (income) expense:      
Timber sales 0 0 (54,699)
Timber expense 0 0 14,554
Royalties and other income (17,624) (15,745) (105,445)
Royalties expense 0 0 44,089
Gain on sale of marketable equity security 0 0 (92,269)
Interest income (921) (887) (48,902)
Interest expense 0 10,383 91,887
Write-off of Goodwill and investment 0 0 120,950
Total other (income) expense (18,545) (6,249) (29,835)
Net income (loss) 77,310 (540,828) (7,236,564)
Net loss attributable to non-controlling interest 2,810 0 2,810
Net income (loss) attributable to The Company 80,120 (540,828) (7,233,754)
Income tax (provision) benefit 0 0 0
Other comprehensive income (loss):      
Unrealized gain (loss) on marketable equity security 0 (2,321) 15,475
Comprehensive income (loss) $ 80,120 $ (543,149) $ (7,218,279)
Net loss per common share-basic and diluted    $ (0.01) $ (0.31)
Weighted average common shares outstanding-basic and diluted 45,039,830 42,434,985 23,315,216