v2.4.0.6

Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2012

Assets And Liabilities Measured at Fair Value on Recurring Basis [Table Text Block]

			Level 1			Level 2			Level 3			Total
	September 30, 2012
	Investments in mineral properties	$	-		$	-		$	1,885,337		$	1,885,337
	Notes and convertible notes payable		-			(1,005,496	)		-			(1,005,496	)
	Derivative liability		-			(972,209	)		-			(972,209	)
	Totals	$	-		$	(1,977,705	)	$	1,885,337		$	(92.368	)
	December 31, 2011
	Investments in mineral properties	$	-		$	-		$	1,965,577		$	1,965,577
	Notes and convertible notes payable		-			(2,999,995	)		-			(2,999,995	)
	Loan guarantee		-			-			(94,860	)		(94,860	)
	Totals	$	-		$	(2,999,995	)	$	1,870,717		$	(1,129,278	)

X

- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19190-110258

+ Details

Name:	us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration