v2.4.0.6
Balance Sheets (USD $)
Dec. 31, 2011
Dec. 31, 2010
Current assets:    
Cash $ 2,609 $ 3,225
Accounts receivable 46,417 15,620
Prepaid expenses 79,464 8,373
Total current assets 128,490 27,218
Investments in mineral properties, net of accumulated amortization of $135,987 and $16,572, respectively 1,965,577 884,142
Total assets 2,094,067 911,360
Current liabilities:    
Accounts payable and other liabilities 565,552 251,391
Note payable and accrued interest 202,484 40,493
Accrued interest on convertible debenture 456,638 187,331
Royalty interest payable 113,164  
Loan guarantee 94,860 94,860
Total current liabilities 4,230,209 2,283,702
Stockholders' (deficit):    
Common stock, $0.001 par value, 200,000,000 shares authorized, 32,867,028 and 27,060,561 shares issued and outstanding as of December 31, 2011 and 2010, respectively 32,867 27,061
Common stock owed but not issued; 0 and 542,857 shares as of December 31, 2011 and 2010, respectively   543
Additional paid-in capital 8,313,575 6,348,559
Accumulated comprehensive gain (loss) (8,114) (8,114)
Accumulated deficit (10,474,470) (7,740,391)
Total stockholders' (deficit) (2,136,142) (1,372,342)
Total liabilities and stockholders' (deficit) 2,094,067 911,360
Convertible Debentures - 2010
    
Current liabilities:    
Convertible debenture 2,164,205 1,076,321
Convertible Debentures - 2009
    
Current liabilities:    
Convertible debenture $ 633,306 $ 633,306