2. Mineral Properties (Tables)

6 Months Ended

Jun. 30, 2012

Mineral Properties Tables

Mineral Properties

For the six months ended June 30, 2012 and 2011, the Company has incurred $43,995 and $15,322,532 in mineral property costs which have been charged to operations.  A summary by property is as follows:

	Ziggurat Property		Poker Flats Property		Arbacoochee Gold Prospect		Total
Six Months Ended June 30, 2012
Impairment	$	–	$	–	$	–	$	–
Option payments		–		–		–		–
Property expenditures		–		36,560		–		36,560
Exploration costs		3,705		3,730		–		7,435
	$	3,705	$	40,290	$	–	$	43,995
Six Months Ended June 30, 2011
Impairment	$	–	$	–	$	–	$	–
Option payments		10,120,760		4,974,000		–		15,094,760
Property expenditures		–		36,560		–		36,560
Exploration costs		120,925		66,467		3,820		191,212
	$	10,241,685	$	5,077,027	$	3,820	$	15,322,532
From July 8, 2010 (Inception of Exploration Stage) to June 30, 2012
Impairment	$	–	$	–	$	104,027	$	104,027
Option payments		10,263,010		5,056,750		–		15,319,760
Property expenditures		–		73,120		–		73,120
Exploration costs		189,222		114,709		3,820		307,751
	$	10,452,232	$	5,244,579	$	107,847	$	15,804,658