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RELATED PARTY TRANSACTIONS
12 Months Ended
Dec. 31, 2011
RELATED PARTY TRANSACTIONS [Text Block]
21.

RELATED PARTY TRANSACTIONS

During 2011 and 2010, the Company incurred $4,500 and $6,000, respectively, for consulting services rendered by Mr. John Cook, a Director of the Company, related to mining plans for the Johnson Camp Mine.

In 2010, the Company signed two $50,000 promissory notes, for a total of $100,000, with two members of the Board of Directors. The proceeds were utilized for working capital.