v2.4.0.6
Condensed Balance Sheets (USD $)
Jun. 30, 2012
Dec. 31, 2011
Current assets:    
Cash $ 5,784 $ 2,609
Accounts receivable 20,374 46,417
Prepaid expenses 4,289 79,464
Total current assets 30,447 128,490
Investments in mineral properties, net of accumulated amortization of $129,782 and $135,987, respectively 1,787,132 1,965,577
Total assets 1,817,579 2,094,067
Current liabilities:    
Accounts payable and other liabilities 414,135 565,552
Short term note from officer 39,200  
Note payable and accrued interest   202,484
Accrued interest on convertible debenture   456,638
Royalty interest payable   113,164
Loan guarantee   94,860
Total current liabilities 1,086,641 4,230,209
Stockholders' equity (deficit):    
Common stock, $0.001 par value, 200,000,000 shares authorized, 47,470,406 and 32,867,028 shares issued and outstanding as of June 30, 2012 and December 31, 2011, respectively 47,471 32,867
Common stock to be issued; 567,500 and 0 shares as of June 30, 2012 and December 31, 2011 567  
Additional paid-in capital 12,102,719 8,313,575
Accumulated comprehensive gain (loss)   (8,114)
Accumulated deficit (11,419,819) (10,474,470)
Total stockholders' (deficit) 730,938 (2,136,142)
Total liabilities and stockholders' equity (deficit) 1,817,579 2,094,067
Convertible Debentures - 2010
    
Current liabilities:    
Convertible debenture   2,164,205
Convertible Debentures - 2009
    
Current liabilities:    
Convertible debenture $ 633,306 $ 633,306