ACCRUED RECLAMATION COSTS (Tables)

9 Months Ended

Sep. 30, 2012

Schedule of Change in Asset Retirement Obligation [Table Text Block]

		September 30,		December 31,
		2012		2011
		(unaudited)
Accrued reclamation costs, beginning of period	$	3,195,497	$	3,932,966
Accretion expense		301,026		375,302
Revisions to cash flow estimates		-		(1,112,771	)
Accrued reclamation costs, end of period	$	3,496,523	$	3,195,497