XML 23 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Statement of Stockholders Equity (USD $)
Common Stock [Member]
Accumulated Deficit [Member]
Accum. Other Comprehensive Income [Member]
Treasury Stock [Member]
Non-Controlling Interest [Member]
Total
Beginning Balance at Jul. 18, 1996            
Assets and liabilities of New Jersey Joint Venture $ 207,968         $ 207,968
Assets and liabilities of New Jersey Joint Venture (Shares) 10,000,000          
Acquisition of Plainview Mining Company 148,000         148,000
Acquisition of Plainview Mining Company (Shares) 1,487,748          
Cash from sales 110,115         110,115
Cash from sales (Shares) 228,816          
Services (Shares) 14,000          
Net Income (Loss)   (44,174)       (44,174)
Ending Balance at Dec. 31, 1997 466,083 (44,174)       421,909
Ending Balance (Shares) at Dec. 31, 1997 11,730,564          
Acquisition of Plainview Mining Company 152,000         152,000
Acquisition of Plainview Mining Company (Shares) 1,512,252          
Cash from sales 29,753         29,753
Cash from sales (Shares) 117,218          
Services (Shares) 18,000          
Treasury stock acquired with Plainview acquisition       (136,300)   (136,300)
Net Income (Loss)   (30,705)       (30,705)
Ending Balance at Dec. 31, 1998 647,836 (74,879)   (136,300)   436,657
Ending Balance (Shares) at Dec. 31, 1998 13,378,034          
Services (Shares) 79,300          
Net Income (Loss)   (23,738)       (23,738)
Ending Balance at Dec. 31, 1999 647,836 (98,617)   (136,300)   412,919
Ending Balance (Shares) at Dec. 31, 1999 13,457,334          
Services 4,313         4,313
Services (Shares) 62,100          
Silver Strand property 68,750         68,750
Silver Strand property (Shares) 50,000          
Net Income (Loss)   (20,492)       (20,492)
Ending Balance at Dec. 31, 2000 720,899 (119,109)   (136,300)   465,490
Ending Balance (Shares) at Dec. 31, 2000 13,569,434          
Services 6,840         6,840
Services (Shares) 68,400          
Grenfel lease 100,000         100,000
Grenfel lease (Shares) 1,000,000          
Lost Eagle property 5,000         5,000
Lost Eagle property (Shares) 50,000          
Roughwater property 25,500         25,500
Roughwater property (Shares) 255,000          
Net Income (Loss)   (6,448)       (6,448)
Ending Balance at Dec. 31, 2001 858,239 (125,557)   (136,300)   596,382
Ending Balance (Shares) at Dec. 31, 2001 14,942,834          
Services 1,475         1,475
Services (Shares) 9,835          
Cash 255,000         255,000
Cash (Shares) 1,700,000          
Management and directors fees 2,250         2,250
Management and directors fees (Shares) 15,000          
Acquisition of Gold Run Gulch Mining Company 273,954         273,954
Acquisition of Gold Run Gulch Mining Company (Shares) 1,916,250          
Change in accounting for exploration costs   (9,883)       (9,883)
Correction of error in accounting for stock issuance costs (25,500) 25,500        
Net Income (Loss)   (51,307)       (51,307)
Ending Balance at Dec. 31, 2002 1,365,418 (161,247)   (136,300)   1,067,871
Ending Balance (Shares) at Dec. 31, 2002 18,583,919          
Services 7,262         7,262
Services (Shares) 21,915          
Cash 318,000         318,000
Cash (Shares) 795,000          
Management and directors fees 144,326         144,326
Management and directors fees (Shares) 381,200          
Exercise of stock purchase warrants 200,750         200,750
Exercise of stock purchase warrants (Shares) 810,000          
Equipment 3,000         3,000
Equipment (Shares) 5,000          
Exploration and lease 8,000         8,000
Exploration and lease (Shares) 20,000          
Treasury stock cancelled (136,300)     136,300    
Treasury stock cancelled (Shares) (1,947,144)          
Net Income (Loss)   (379,274)       (379,274)
Ending Balance at Dec. 31, 2003 1,910,456 (540,521)   0   1,369,935
Ending Balance (Shares) at Dec. 31, 2003 18,669,890          
Services 14,550         14,550
Services (Shares) 26,750          
Cash 511,440         511,440
Cash (Shares) 1,184,550          
Management and directors fees 102,273         102,273
Management and directors fees (Shares) 153,460          
Exercise of stock purchase warrants 398,750         398,750
Exercise of stock purchase warrants (Shares) 1,437,500          
Equipment 16,476         16,476
Equipment (Shares) 28,650          
Exploration and lease 12,000         12,000
Exploration and lease (Shares) 20,000          
Net Income (Loss)   (922,555)       (922,555)
Ending Balance at Dec. 31, 2004 2,965,945 (1,463,076)   0   1,502,869
Ending Balance (Shares) at Dec. 31, 2004 21,520,800          
Services 37,826         37,826
Services (Shares) 82,170          
Cash 125,000         125,000
Cash (Shares) 309,100          
Management and directors fees 132,725         132,725
Management and directors fees (Shares) 334,275          
Exercise of stock purchase warrants 78,100         78,100
Exercise of stock purchase warrants (Shares) 195,250          
Equipment 4,700         4,700
Equipment (Shares) 11,500          
Exploration and lease 74,321         74,321
Exploration and lease (Shares) 149,400          
Value of shares issued in prior years 24,050         24,050
Net Income (Loss)   (590,485)       (590,485)
Ending Balance at Dec. 31, 2005 3,442,667 (2,053,561)   0   1,389,106
Ending Balance (Shares) at Dec. 31, 2005 22,602,495          
Services 56,137         56,137
Services (Shares) 162,860          
Cash 1,368,500         1,368,500
Cash (Shares) 4,521,250          
Management and directors fees 127,063         127,063
Management and directors fees (Shares) 236,480          
Equipment 12,200         12,200
Equipment (Shares) 23,400          
Lease 15,000         15,000
Lease (Shares) 30,000          
Unrealized gain in marketable equity security           911,250
Exploration 5,750         5,750
Exploration (Shares) 10,000          
Net Income (Loss)   (991,602)       (991,602)
Ending Balance at Dec. 31, 2006 5,027,317 (3,045,163) 911,250 0   2,893,404
Ending Balance (Shares) at Dec. 31, 2006 27,586,485          
Services 27,157         27,157
Services (Shares) 52,104          
Cash 1,533,319         1,533,319
Cash (Shares) 4,014,761          
Management and directors fees 142,500         142,500
Management and directors fees (Shares) 274,386          
Unrealized gain in marketable equity security     (525,909)     (525,909)
Exploration 32,560         32,560
Exploration (Shares) 52,200          
Mineral property agreement 30,000         30,000
Mineral property agreement (Shares) 60,000          
Exercise of warrants 120,000         120,000
Exercise of warrants (Shares) 200,000          
Accounts payable 12,205         12,205
Accounts payable (Shares) 30,500          
Property, plant and equipment 10,239         10,239
Property, plant and equipment (Shares) 20,756          
Net Income (Loss)   (1,453,268)       (1,453,268)
Ending Balance at Dec. 31, 2007 6,935,297 (4,498,431) 385,341     2,822,207
Ending Balance (Shares) at Dec. 31, 2007 32,291,192          
Services 32,000         32,000
Services (Shares) 74,000          
Cash 950         950
Cash (Shares) 2,400          
Management and directors fees 108,000         108,000
Management and directors fees (Shares) 318,700          
Unrealized gain in marketable equity security     (375,544)     (375,544)
Exploration 15,390         15,390
Exploration (Shares) 35,100          
Mineral property agreement 21,000         21,000
Mineral property agreement (Shares) 75,000          
Exercise of warrants 1,740,000         1,740,000
Exercise of warrants (Shares) 4,350,000          
Property, plant and equipment 5,600         5,600
Property, plant and equipment (Shares) 14,000          
Net Income (Loss)   (1,423,829)       (1,423,829)
Ending Balance at Dec. 31, 2008 8,858,237 (5,922,260) 9,797     2,945,774
Ending Balance (Shares) at Dec. 31, 2008 37,160,392          
Services 29,098         29,098
Services (Shares) 125,520          
Cash 34,500         34,500
Cash (Shares) 138,000          
Management and directors fees 334,298         334,298
Management and directors fees (Shares) 1,139,320          
Unrealized gain in marketable equity security     7,999     7,999
Exploration 11,250         11,250
Exploration (Shares) 50,000          
Mineral property agreement 18,000         18,000
Mineral property agreement (Shares) 72,000          
Net Income (Loss)   (850,786)       (850,786)
Ending Balance at Dec. 31, 2009 9,285,383 (6,773,046) 17,796     2,530,133
Ending Balance (Shares) at Dec. 31, 2009 38,685,232          
Services 17,425         17,425
Services (Shares) 81,000          
Cash 980,160         980,160
Cash (Shares) 5,820,530          
Management and directors fees 30,000         30,000
Management and directors fees (Shares) 150,000          
Unrealized gain in marketable equity security     (2,321)     (2,321)
Mineral property agreement 18,000         18,000
Mineral property agreement (Shares) 72,000          
Exercise of warrants 33,936         33,936
Exercise of warrants (Shares) 206,500          
Accounts payable 525         525
Accounts payable (Shares) 2,600          
Net Income (Loss)   (540,828)       (540,828)
Ending Balance at Dec. 31, 2010 10,365,429 (7,313,874) 15,475     3,067,030
Ending Balance (Shares) at Dec. 31, 2010 45,017,862          
Services 16,040         16,040
Services (Shares) 80,200          
Cash 5,000         5,000
Cash (Shares) 22,800          
Management and directors fees 30,000         30,000
Management and directors fees (Shares) 150,000          
Exploration 1,000         1,000
Exploration (Shares) 5,000          
Accounts payable 6,000         6,000
Accounts payable (Shares) 30,000          
Contributions from non-controlling equity interest in Mill Joint Venture         2,214,436 2,214,436
Net loss attributable to non-controlling interest         (2,810) (2,810)
Net Income (Loss)   80,120       80,120
Ending Balance at Dec. 31, 2011 $ 10,423,469 $ (7,233,754) $ 15,475   $ 2,211,626 $ 5,416,816
Ending Balance (Shares) at Dec. 31, 2011 45,305,862