PROPERTY AND EQUIPMENT (Tables)

3 Months Ended

Mar. 31, 2013

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

		March 31,			December 31,
		2013			2012
		(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		42,457,786			42,457,786
Total		49,634,502			49,634,502
Accumulated depreciation, depletion and
amortization		(6,750,488	)		(6,648,074	)
Net property and equipment	$	42,884,014		$	42,986,428