XML 24 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Operations (USD $)
3 Months Ended 6 Months Ended 24 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Operating expenses:          
General and administrative (Note 4) $ 163,845 $ 310,995 $ 413,453 $ 612,090 $ 1,935,931
Mineral property impairment (Note 2)             104,027
Mineral property option payments (Note 2)    35,000    15,094,760 15,319,760
Mineral property expenditures (Note 2)    36,560 36,560 36,560 73,120
Mineral property exploration costs (Note 2) 7,435 145,037 7,435 191,212 307,751
Total operating expenses 171,280 527,592 457,448 15,934,622 17,740,589
Other income (expense):          
Gain on settlement of debt (Note 6)       75,000    75,000
Interest expense             (379,054)
Net loss $ (171,280) $ (527,592) $ (382,448) $ (15,934,622) $ (18,044,643)
Net loss per share - Basic and diluted $ (0.01) $ (0.05) $ (0.01) $ (1.43)  
Weighted average number of shares outstanding during the period - Basic and diluted 31,694,658 11,438,449 31,670,757 11,110,737