v2.4.0.8
Consolidated Statements of Operations (USD $)
3 Months Ended 70 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Mar. 31, 2012
Consolidated Statements of Operations      
REVENUES     $ 7,500
COST OF REVENUES     3,135
Gross profit     4,365
OPERATING EXPENSES:      
Officers' compensation 25,000   125,000
Mine related expenses 5,000   237,500
Consulting fees 17,500 15,000 137,500
General and administrative 57,796 1,466 480,301
Total Operating Expenses 105,296 16,466 980,301
Operating loss (105,296) (16,466) (975,936)
OTHER INCOME AND (EXPENSES): 1,002,727 (609) (255,967)
Interest income     12
Other income     17,500
Change in fair value of derivative liability 1,027,100   381,500
Interest expense (24,373) (609) (628,879)
Loss on negotiated debt settlement     (26,100)
Total other income and (expenses) 1,002,727 (609) (255,967)
Net Income (Loss) $ 897,431 $ (17,075) $ (1,231,903)
Earnings per share:      
Basic $ 0.01 $ (0.05)  
Diluted   $ (0.05)  
Weighted average number of common shares outstanding:      
Basic 85,058,759 338,731  
Diluted 107,296,535 338,731