COMMITMENTS AND CONTINGENCIES (TABLES)

12 Months Ended

Dec. 31, 2012

COMMITMENTS AND CONTINGENCIES (TABLES)

Future Minimum Rental Payments Due

	Operating lease commitments
	Office premises		Mine operating rights		Total
Year ending December 31,
2013	$	98,682	$	2,068,252	$	2,166,934
2014		15,880		4,136,505		4,152,385
2015		-		-		-
2016		-		-		-
2017		-		8,273,009		8,273,009
Total:	$	114,562	$	14,477,766	$	14,592,328