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STATEMENTS OF CASH FLOWS (Unaduited) (USD $)
6 Months Ended 85 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES      
Net Loss $ (389,527) $ (163,496) $ (10,699,920)
Adjustments to reconcile Net Loss to net cash used in operations:      
Gain on sale of claims, non-cash     (110,935)
Common Stock issued for services 13,000   5,123,017
Common Stock issued for for mining exploration stage property     351,400
Preferred Stock issued for bonus     253,785
Loss on conversion of debt and deferred compensation   987 2,150,513
Loss on AFS securities “other than temporary”     106,985
Loss on Settlement 62,095   62,095
Bad debt expense     19,149
Gain realized on transfer of AFS - securities   (9,875) (9,875)
Amortization of discount on debt 120,540   220,402
Common Stock issued as interest on loan     1,500
Changes in operating assets and liabilities:      
Accounts receivable (70,000)   (83,000)
Prepaid expenses 5,000   2,500
Accounts payable 4,088   28,304
Accrued expenses 54,000 108,001 990,916
Other current assets   (10,000) (29,059)
Net Cash Used in Operating Activities (200,804) (74,383) (1,622,223)
CASH FLOWS FROM INVESTING ACTIVITIES      
Cash paid for Ruby Option (195,000)   (279,087)
Net Cash Used In Investing Activities (195,000)   (279,087)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from sale of stock 528,000 50,000 1,283,700
Contributions from related party     244,994
Shares re-purchased and retired     (2,000)
Borrowings on convertible debt 50,000 17,500 603,812
Net Cash Provided by Financing Activities 578,000 67,500 2,130,506
Net cash increase for period 182,196 (6,883) 229,196
Cash at beginning of period 47,000 41,123  
Cash at end of period 229,196 34,240 229,196
Supplementary Cash Flow Information:      
Cash Paid for Interest 0 0 0
Cash Paid for Taxes 0 0 0
Non-Cash Investing & Financing Activities:      
Common Stock issued For conversion of preferred shares     2,400
Common Stock issued For conversion of debt and accrued salary     253,912
Warrants issued for purchase option - Ruby Mine (in Shares) 219,940   369,836
Term extension of Ruby Mine warrants 2,519   2,519
Stock Issued for purchase option - Ruby Mine     150,000
Discount from beneficial conversion feature and warrants attached to convertible notes payable 50,000   157,406
Transfer of available for sale securities to relieve accrued salary   12,838 12,838
Accrued salary relieved for shares issued 180,000   280,000
Common and preferred shares issued as founders shares     3,040
Common stock issued for conversion of convertible debt 122,832   122,832
Common stock issued for stock payable   $ (115,310)