BALANCE SHEETS (Unaudited) (USD $)	Mar. 31, 2012	Dec. 31, 2011
Current Assets
Cash and cash equivalents	$ 7,991,788	$ 10,170,536
Accounts receivable, net of allowance of $25,106 March 31, 2012 (unaudited) and $11,938 December 31, 2011	10,216	20,464
Deposits and prepaid expenses	367,177	333,447
Total Current Assets	8,369,181	10,524,447
Property and Equipment
Land and tunnels	500,000	500,000
Land improvements	164,758	164,758
Buildings	455,906	455,906
Mining equipment	1,011,402	975,164
Milling equipment	336,146	336,146
Laboratory equipment	67,728	67,728
Office furniture and equipment	47,794	34,643
Vehicles	100,800	100,800
Less: Accumulated Depreciation	(811,045)	(729,969)
Total Property and Equipment	1,873,489	1,905,176
Other Assets
Assets held for sale	445,180	445,180
Total Other Assets	445,180	445,180
TOTAL ASSETS	10,687,850	12,874,803
Current Liabilities
Accounts payable and accrued liabilities	278,769	291,142
Liabilities from discontinued operations	1,835	0
Stock awards payable	148,000	127,000
Current portion of notes payable	119,479	165,375
Current portion of leases payable	0	10,094
Warrant derivative	4,614,500	3,355,000
Total Current Liabilities	5,162,583	3,948,611
Long-Term Liabilities
Long-term portion of notes payable	83,273	97,769
Total Long-Term Liabilities	83,273	97,769
Total Liabilities	5,245,856	4,046,380
Commitments and Contingencies
Stockholders' Equity
Preferred stock, $0.001 par value, 10,000,000 shares authorized, noncumulative, nonvoting, nonconvertible, none issued or outstanding	0	0
Common stock, $0.001 par value, 120,000,000 shares authorized, 89,142,169 and 89,119,405 shares issued and outstanding at March 31, 2012 and December 31, 2011, respectively	89,143	89,120
Additional paid-in capital	48,437,438	47,765,350
Accumulated deficit prior to the exploration stage	(20,009,496)	(20,009,496)
Accumulated deficit during the exploration stage	(23,075,091)	(19,016,551)
Total Stockholders' Equity	5,441,994	8,828,423
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 10,687,850	$ 12,874,803