v2.4.0.8
Consolidated Statements of Operations (USD $)
3 Months Ended 9 Months Ended 88 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Consolidated Statements of Operations          
Net Sales         $ 7,500
Cost of Sales         3,135
Gross Profit (Loss)         4,365
Operating Expenses          
Officers' compensation 2,930 9,000 11,598 34,000 165,599
Mine related expenses 5,000 55,000 37,600 437,500 365,100
Consulting fees 187,750 853,478 840,250 1,731,421 3,159,671
General and administrative 344,286 45,168 638,572 103,777 1,221,973
Total Operating Expenses 539,966 962,646 1,528,020 2,306,698 4,912,343
Operating loss (539,966) (962,646) (1,528,020) (2,306,698) (4,907,978)
Interest income     11   14
Other income         17,509
Change in fair value of derivative liability 1,389,556 221,115 10,372 1,694,315 1,045,005
Interest expense (53,950) (57,112) (392,759) (266,121) (1,310,159)
Loss on debt conversion       (4,730,000) (5,089,313)
Loss on negotiated debt settlement         (26,100)
Loss on deposit to acquire property         (4,025,000)
Total other income and (expenses) 1,335,606 164,003 (382,376) (3,301,806) (9,388,044)
Net loss $ 795,640 $ (798,643) $ (1,910,396) $ (5,608,504) $ (14,296,022)
Loss Per Common Share:          
Basic and Diluted Loss Per Common Share $ 0.00 $ (0.01) $ (0.01) $ (0.06)  
Weighted average number of common shares outstanding:          
Basic and Diluted Weighted average number of common shares outstanding 836,263,644 109,764,960 368,588,111 96,059,330