PROPERTY AND EQUIPMENT (Tables)

9 Months Ended

Sep. 30, 2012

Schedule of Property, Plant and Equipment [Table Text Block]

		September 30,			December 31,
		2012			2011
		(unaudited)
Land	$	87,114		$	87,114
Buildings		2,071,618			2,071,618
Mine development costs – existing dumps		468,034			468,034
Mine development costs – new dumps		1,841,080			1,841,080
Asset retirement obligation		2,708,870			2,708,870
Mining and other equipment		43,386,881			43,341,482
Total		50,563,597			50,518,198
Accumulated depreciation, depletion and amortization		(6,631,012	)		(6,313,728	)
Net property and equipment	$	43,932,585		$	44,204,470