CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		9 Months Ended		41 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012
INCOME EARNED DURING EXPLORATION STAGE
Concentrate sales	$ 0	$ 18,442	$ 0	$ 903,022	$ 969,905
EXPENSES
General project costs	31,008	124,570	134,906	1,047,299	1,620,651
Exploration expense	57,346	74,999	216,865	204,635	1,587,449
Consulting	39,260	30,000	111,200	150,670	573,604
Officers and directors fees	75,000	59,188	181,923	249,486	1,022,858
Legal and professional	16,929	10,423	69,339	75,919	433,788
General and administrative	35,226	50,599	118,686	156,650	564,226
Depreciation	17,402	16,360	52,017	49,982	142,359
Gain on termination of joint venture agreement	(200,000)	0	(200,000)	0	(200,000)
Total Expenses	72,171	366,139	684,936	1,934,641	5,744,935
OPERATING LOSS	(72,171)	(347,697)	(684,936)	(1,031,619)	(4,775,030)
OTHER INCOME (EXPENSE)
Interest and other income	3,572	0	3,572	14	66,423
Change in fair value of derivatives	42,958	(127,178)	67,347	(103,850)	(53,885)
Loss on extinguishment of debt (Note 8)	0	0	0	(2,149,404)	(2,149,404)
Financing expense	(31,698)	(67,708)	(1,069,266)	(464,853)	(1,917,029)
Interest expense	(224,183)	(207,619)	(684,970)	(481,405)	(1,661,206)
Total Other Expense	(209,351)	(402,505)	(1,683,317)	(3,199,498)	(5,715,101)
LOSS BEFORE INCOME TAXES	(281,522)	(750,202)	(2,368,253)	(4,231,117)	(10,490,131)
INCOME TAXES	0	0	0	0	0
NET LOSS	$ (281,522)	$ (750,202)	$ (2,368,253)	$ (4,231,117)	$ (10,490,131)
BASIC AND DILUTED NET LOSS PER SHARE	$ (0.03)	$ (0.09)	$ (0.28)	$ (0.54)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING-BASIC AND DILUTED	8,430,578	8,086,844	8,394,924	7,849,793