Balance Sheet (USD $)	Jun. 30, 2011	Dec. 31, 2010
Current assets:
Cash	$ 467,964	$ 230,554
Accounts receivable	0	0
Inventory	0	0
Total current assets	467,964	230,554
Fixed Assets
Furniture and Equipment	0	0
Computer Equipment	6,892	6,892
Leasehold Improvements	0	0
Total Fixed Assets	6,892	6,892
Less Accumulated Depreciation	1,446	887
Net Fixed Assets	5,446	6,005
Other Assets
Mining Claims	7,111,000	7,111,000
Other assets	37,840	0
Total Other Assets	7,148,840	7,111,000
Total assets	7,622,250	7,347,559
Current liabilities:
Accounts payable and accrued expenses	11,438	17,303
Accrued taxes	0	18,360
Notes payable	40,000	40,000
Total current liabilities	51,438	75,663
Long-term liabilities:
Convertible Debentures	467,840	0
Total long-term liabilities	467,840	0
Total liabilities	519,278	75,663
STOCKHOLDERS' EQUITY
Common stock, $0.001 par value, 150,000,000 authorized, 68,409,104 and 67,277,224 shares issued and outstanding	68,409	67,277
Capital in excess of par value	8,742,842	8,416,094
Deficit accumulated during the development stage	(1,708,279)	(1,211,475)
Total stockholders' equity	7,102,972	7,271,896
Total liabilities and stockholders' deficit	$ 7,622,250	$ 7,347,559