v2.4.0.6
Condensed Balance Sheets (USD $)
Mar. 31, 2012
Dec. 31, 2011
Current assets:    
Cash $ 7,311 $ 2,609
Accounts receivable 45,178 46,417
Prepaid expenses 61,354 79,464
Total current assets 113,843 128,490
Investments in mineral properties, net of accumulated amortization of $172,330 and $135,987, respectively 1,765,898 1,965,577
Total assets 1,879,741 2,094,067
Current liabilities:    
Accounts payable and other liabilities 589,902 565,552
Note payable and accrued interest 163,794 202,484
Accrued interest on convertible debenture 26,336 456,638
Royalty interest payable 113,164 113,164
Loan guarantee   94,860
Total current liabilities 1,904,429 4,230,209
Stockholders' equity (deficit):    
Common stock, $0.001 par value, 200,000,000 shares authorized, 45,081,594 and 32,867,028 shares issued and outstanding as of March 31, 2012 and December 31, 2011, respectively 45,081 32,867
Additional paid-in capital 11,309,002 8,313,575
Accumulated comprehensive gain (loss)   (8,114)
Accumulated deficit (11,378,771) (10,474,470)
Total stockholders' (deficit) (24,688) (2,136,142)
Total liabilities and stockholders' equity (deficit) 1,879,741 2,094,067
Convertible Debentures - 2010
    
Current liabilities:    
Convertible debenture 377,927 2,164,205
Convertible Debentures - 2009
    
Current liabilities:    
Convertible debenture $ 633,306 $ 633,306