CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)	9 Months Ended		29 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (4,231,117)	$ (2,153,046)	$ (7,576,921)
Adjustments to reconcile net loss to net cash used by operating activities:
Depreciation	49,982	10,139	72,752
Common stock issued for services	136,842	358,167	530,009
Common stock issued for interest expense	37,500	0	37,500
Accretion of debt discounts	268,444	(194,683)	740,396
Accretion of prepaid interest liability	96,779	0	56,778
Accretion of repayment obligation	247,231	0	247,231
Change in fair value of derivatives.	103,850	0	103,850
Loss on extinguishment of debt (Note 8)	2,149,404	0	2,149,404
(Gain) on sale of marketable securities	0	310	(2,540)
(Increase) decrease in concentrate inventory	(49,738)	0	(49,738)
(Increase) decrease in accounts receivable	0	12,313	0
(Increase) decrease in prepaid expenses and current assets	3,564	(21,117)	(38,589)
Increase (decrease) in accounts payable	(26,651)	103,114	44,682
Increase (decrease) in accrued liabilities - officer wages	0	(10,000)	(40,691)
Increase (decrease) in accrued expenses	(11,135)	(14,770)	21,980
Increase (decrease) in interest payable	264,706	(10,500)	264,706
Net cash used by operating activities	(960,339)	(1,920,073)	(3,439,191)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(39,327)	(357,949)	(450,921)
Payments on mineral leases	(49,845)	(250)	(300,095)
Acquisition of reclamation bonds	(63,001)	0	(100,501)
Notes receivable	0	0	27,500
Proceeds from marketable securities	0	19,290	48,920
Net cash used by investing activities	(152,173)	(338,909)	(775,097)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from convertible notes payable	0	0	600,000
Proceeds from notes payable	1,000,000	1,776,700	3,500,000
Payment of note payable - equipment	(15,995)	0	(15,995)
Proceeds from issuance of common stock	316,125	2,590	1,324,125
Proceeds from issuance of preferred stock	0	958	958
Financing fees paid	(55,000)	0	(521,281)
Net cash provided by financing activities	1,245,130	1,780,248	4,887,807
NET INCREASE (DECREASE) IN CASH	132,618	(478,734)	673,520
CASH, BEGINNING OF PERIOD	566,549	888,434	25,647
CASH, END OF PERIOD	699,167	409,700	699,167
NON-CASH FINANCING AND INVESTING ACTIVITIES:
Common stock issued for mineral lease	0	0	525,000
Common stock issued as incentive with convertible notes	0	0	210,000
Common stock issued for reclamation bond	0	0	42,802
Equipment acquired with note payable	0	0	15,995
Preferred stock issued in connection with debt amendment	700,000		700,000
Common stock issued for accrued liabilities-officer wages	131,259	0	131,259
Debt discount on preferred stock		669,644
Stock received in satisfaction of note receivable	$ 0	$ 40,000	$ 0