Consolidated Statement of Cash Flows (Unaudited) (USD $)	6 Months Ended	10 Months Ended
	Jun. 30, 2011	Jun. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss)	$ (18,920,640)	$ (19,677,969)
Adjustments to reconcile net loss to net cash used in operating activities:
Services paid for in stock	787,168	796,168
Derivative expense	12,334,474	12,334,474
Loss on debt extinguishment	2,000,000	2,000,000
Amortization of debt discount	285,310	285,310
Amortization of deferred financing costs	10,880	10,880
Depreciation	825	825
Changes in assets and liabilities:
Related party receivable	27,849
Related party credit facility	77,616
Other current assets	(789,945)	(796,755)
Accounts payable	366,626	637,337
Accrued liabilities	248,446	382,610
Net cash used in operating activities	(3,571,391)	(4,027,120)
CASH FLOWS FROM INVESTING ACTIVITIES:
Mineral properties	(57,500)	(62,281)
Acquisition of equipment	(8,988)	(8,988)
Net cash used in investing activities	(66,488)	(71,269)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from convertible notes	5,000,000	6,048,863
Cash proceeds from common stock issued		54,549
Net cash provided by financing activities	5,000,000	6,103,412
Increase in cash and cash equivalents	1,362,121	2,005,023
Cash and cash equivalents-beginning of period	642,902
Cash and cash equivalents - end of period	2,005,023	2,005,023
Supplemental disclosure of non-cash transactions
Convertible notes and accrued interest converted into shares of common stock	(1,075,633)	(1,075,633)
Common stock attributable to reverse merger	1,735	1,735
Fair value of land contributed by non-controlling interest	$ (11,000,000)	$ (11,000,000)