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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (unaudited) (USD $)
3 Months Ended 6 Months Ended 150 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
REVENUES $ 5,600 $ 28,885 $ 5,600 $ 47,885 $ 215,185
COST OF REVENUES 3,124   3,124   231,952
GROSS PROFIT 2,476 28,885 2,476 47,885 (16,767)
OPERATING EXPENSES          
General and administrative 92,507 15,441 780,729 141,107 2,233,812
Professional fees 1,662 10,826 44,013 62,717 1,319,846
Depreciation 42,398 43,493 127,245 134,682 947,188
Mining and exploration expenses 27,803 21,046 258,062 113,821 4,818,596
Net gain on sale of load claim         (468,907)
Total Operating Expenses 164,370 90,806 1,210,049 452,327 8,850,535
LOSS FROM OPERATIONS (161,894) (61,921) (1,207,573) (404,442) (8,867,302)
OTHER INCOME (EXPENSES)          
Bad debt recovery         47,008
Cancellation of debt income         69,418
Dividend and interest income 20,103 19,146 60,321 57,500 417,075
Gain on sale of fixed assets       13,751 28,115
Gain on sale of Mexican mining concession         4,363,353
Gain on settlement of note receivable         64,206
Interest expense (247) (14) (577) (76) (12,628)
Lease income         444,044
Loss on abandonment of asset         (20,000)
Net gain on settlement of lease dispute       85,000 1,128,918
Net (loss) gain on sale of investments 5,600 (12,743) 316 11,620 85,316
Other income/(expense)     (20)   197,415
Other-than-temporary impairment of investments         (149,279)
Unrealized holding loss on marketable securities         (380,827)
Total Other Income (Expenses) 19,856 6,389 60,040 167,795 6,282,134
INCOME (LOSS) BEFORE INCOME TAXES (142,038) (55,532) (1,147,533) (236,647) (2,585,168)
NET INCOME (LOSS) (142,038) (55,532) (1,147,533) (236,647) (2,585,168)
OTHER COMPREHENSIVE INCOME (LOSS)          
Unrealized holding gain (loss) on investments 9,582 1,153 9,483 40,625 12,502
NET COMPREHENSIVE INCOME (LOSS) $ (132,456) $ (54,379) $ (1,138,050) $ (196,022) $ (2,572,666)
NET INCOME (LOSS) PER COMMON SHARE, BASIC (in Dollars per share) $ 0.00 $ 0.00 $ (0.02) $ (0.01)  
NET INCOME (LOSS) PER COMMON SHARE, DILUTED (in Dollars per share) $ 0.00 $ 0.00 $ (0.02) $ (0.01)  
WEIGHTED AVERAGE NUMBER OF          
COMMON STOCK SHARES OUTSTANDING, BASIC (in Shares) 53,221,704 43,486,593 52,965,784 43,197,486  
WEIGHTED AVERAGE NUMBER OF          
COMMON STOCK SHARES OUTSTANDING, DILUTED (in Shares) 53,221,704 43,486,593 52,965,784 43,197,486