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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
3 Months Ended 59 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Mar. 31, 2014
Net loss $ (1,834,519) $ (767,784) $ (15,994,293)
Adjustments to reconcile net loss to net cash used by operating activities:      
Depreciation, 399 16,402 223,867
Common stock issued for services 0 0 530,009
Common stock issued for interest expense 22,500 22,500 240,000
Common stock issued for convertible debt extension 0 0 600,000
Common stock issued for accrued liabilites-officer wages 0 0 150,000
Preferred stock issued for financing expense 1,248,015 0 1,248,015
Accretion of debt-related discounts 0 0 1,460,976
Accretion of asset retirement obligation 11,344 1,585 23,443
Change in fair value of derivatives (6,673) 152,747 29,465
Loss on extinguishment of debt 0 0 3,069,404
(Gain) on sale of marketable securities 0 0 (2,540)
Changes in operating assets and liabilities:      
(Increase) decrease in prepaid expenses and other current assets (64,592) 46,713 (167,660)
Increase (decrease) in accounts payable and accrued expenses 5,140 75,683 199,935
Increase (decrease) in accrued liabilities - officer wages 9,500 60,000 300,809
Increase (decrease) in interest payable 348,288 354,930 3,037,336
Net cash (used) by operating activities (260,598) (37,224) (5,051,234)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Additions to property and equipment (210,835) (4,034) (646,288)
Payments on mineral leases 0 0 (250,249)
Acquisition of reclamation bonds (1,348,000) 0 (1,460,515)
Acquisition of Notes receiveable. 0 0 27,500
Proceeds from marketable securities 0 0 48,920
Net cash (used) by investing activities (1,558,835) (4,034) (2,280,632)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from convertible notes payable 0 0 600,000
Proceeds from notes payable 3,025,000 50,000 6,962,794
Payment of note payable - equipment 0 0 (15,995)
Proceeds from issuance of common stock 0 0 1,363,833
Proceeds from issuance of common stock with redemption features 0 0 130,000
Proceeds from issuance of preferred stock 0 0 958
Financing fees paid 0 0 (521,281)
Net cash provided by financing activities 3,025,000 50,000 8,520,309
NET INCREASE (DECREASE) IN CASH 1,205,567 8,742 1,188,443
CASH, BEGINNING OF PERIOD 8,523 12,300 25,647
CASH, END OF PERIOD 1,214,090 21,042 1,214,090
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 0 810,000
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 1,248,015 0 2,868,015
Common stock issued for interest payable 0 0 22,500
Interest payable converted to note payable 0 0 885,521
Fair value of cancelled conversion option $ 164,140 $ 0 $ 164,140