CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE LOSS (USD $)	3 Months Ended		9 Months Ended		29 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011
INCOME EARNED DURING EXPLORATION STAGE
Concentrate sales	$ 18,442	$ 0	$ 903,022	$ 0	$ 903,022
EXPENSES
General project costs	124,570	0	1,047,299	0	1,351,155
Exploration expense	74,999	274,227	204,635	374,278	1,335,043
Consulting	30,000	89,716	150,670	159,036	432,404
Officers and directors fees	59,188	332,295	249,486	401,960	780,935
Legal and professional	10,423	81,355	75,919	180,815	352,282
General and administrative	50,599	306,695	156,650	472,067	412,489
Depreciation	16,360	7,658	49,982	10,139	72,752
Operating Expense	366,139	1,091,946	1,934,641	1,598,295	4,737,060
OPERATING LOSS	(347,697)	(1,091,946)	(1,031,619)	(1,598,295)	(3,834,038)
OTHER INCOME (EXPENSE)
Interest income and other income (loss)	0	0	14	3,833	59,072
Change in fair value of derivatives	(127,178)	0	(103,850)	0	(103,850)
Loss on extinguishment of debt	0	0	(2,149,404)	0	(2,149,404)
Gain (loss) on sale of investment	0	(181)	0	(181)	0
Financing expense	(67,708)	(54,434)	(464,853)	(87,434)	(780,055)
Interest expense	(207,619)	(392,307)	(481,405)	(470,969)	(768,646)
Other Income (Expense)	(402,505)	(446,922)	(3,199,498)	(554,751)	(3,742,883)
LOSS BEFORE INCOME TAXES	(750,202)	(1,538,868)	(4,231,117)	(2,153,046)	(7,576,921)
INCOME TAXES	0	0	0	0	0
Net loss	(750,202)	(1,538,868)	(4,231,117)	(2,153,046)	(7,576,921)
OTHER COMPREHENSIVE INCOME (LOSS)
Unrealized gain on available for sale securities	0	(1,910)	0	(510)	0
COMPREHENSIVE LOSS	$ (750,202)	$ (1,540,778)	$ (4,231,117)	$ (2,153,556)	$ (7,576,921)
BASIC AND DILUTED NET LOSS PER SHARE	$ (0.09)	$ (0.21)	$ (0.54)	$ (0.3)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING	8,086,844	7,409,690	7,842,963	7,188,034