XML 13 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Statements Of Operations (Unaudited) (USD $)
3 Months Ended 6 Months Ended 76 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Condensed Statements Of Operations          
Net Revenues               
Operating expenses:          
Professional fees 39,679 19,425 59,612 34,269 372,178
Consulting fees 1,753,097 173,717 1,815,597 378,801 3,102,424
General and administrative expenses 2,862 6,738 12,252 13,791 110,516
Impairment loss             106,000
Mining and exploration costs 74,862 35,601 101,614 77,927 430,631
Total operating expenses 1,870,500 235,481 1,989,075 504,788 4,121,749
Operating Loss (1,870,500) (235,481) (1,989,075) (504,788) (4,121,749)
Other expense:          
Liquidated damage (81,000)    (81,000)    (81,000)
Loss on future sales (1,290,000)    (1,290,000)    (1,290,000)
Interest expense, net (14,404) (930) (18,728) (1,241) (41,482)
Amortization of debt discount (213,750)    (347,500)    (367,223)
Total other expenses, net (1,599,154) (930) (1,737,228) (1,241) (1,779,705)
Net Loss $ (3,469,654) $ (236,411) $ (3,726,303) $ (506,029) $ (5,901,454)
Basic and diluted loss per share $ (0.03) $ 0.00 $ (0.03) $ (0.01)  
Weighted average common shares outstanding 120,224,647 100,622,516 113,032,309 100,376,664