v2.4.0.8
Condensed Statement of Cash Flows (USD $)
 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash flows from operating activities    
Net (loss) $ (673,609) $ (945,349)
Adjustments to reconcile net (loss) to net cash used in operating activities:    
Shares issued for compensation 0 189,000
Amortization of discount 197,073 212,070
Impairment expense 0 256,737
Amortization of mineral properties 35,176 60,808
Amortization of prepaid financing costs 8,518 0
Stock and warrants issued for financing 704 0
Gain on forgiveness of debt 0 (322,731)
Changes in operating assets and liabilities:    
(Increase) decrease in accounts receivable (6,651) 26,043
(Increase) decrease in prepaid expenses 0 39,812
Increase (decrease) in accounts payable and accrued liabilities 228,297 246,238
Increase (decrease) in accrued interest 51,604 142,447
Net cash used by operating activities (158,888) (94,925)
Cash flows from investing activities    
Proceeds from sale of mineral properties 0 106,000
Acquisition of mineral properties (43,180) (245,100)
Net cash used by investing activities (43,180) (139,100)
Cash flows from financing activities    
Short-term note from officer 0 39,200
Proceeds from sale of common stock 14,500 0
Proceeds from note payable 171,500 0
Proceeds from convertible debenture 0 198,000
Net cash provided by financing activities 186,000 237,200
Net increase (decrease) in cash (16,068) 3,175
Cash - beginning 16,216 2,609
Cash - ending 148 5,784
Supplemental disclosures:    
Interest paid 28,312 43,750
Income taxes paid 0 0
Non-cash transactions:    
Shares issued for compensation 0 189,000
Shares issued for capitalized financing costs 150,000 0
Accounts payable converted to stock 0 239,469
Note payable and accrued interest converted to stock $ 130,000 $ 3,375,846