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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
9 Months Ended 45 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Cash Flows From Operating Activities:      
Net loss $ (5,888,170) $ (5,607,764) $ (24,904,721)
Adjustments to reconcile net loss to net cash used in operations      
Depreciation 199,856 183,971 735,053
Amortization of deferred financing costs 0 0 150,000
Amortization of discount - PIK Notes 0 13,775 367,534
Issuance of PIK Notes in payment of interest 0 221,881 863,870
Stock issued for director and consulting services 114,559 125,091 315,324
Stock-based compensation expense for consultants and directors 1,753,752 1,503,852 4,671,049
Gain on revaluation of warrants derivative (1,440,000) 0 (1,665,000)
Loss on revaluation of stock awards 3,000 50,000 222,500
Gain on stock award forfeiture 0 0 (145,000)
Gain on disposition of assets 0 (1,000) (4,523)
Gain on settlement of debts 0 0 (101,380)
Other non-cash expense (income) 0 0 (28,587)
Provision for doubtful accounts 13,168 0 25,106
Loss on impairment of assets 0 0 66,881
Change in operating assets and liabilities:      
Accounts receivable 5,886 60,510 (26,472)
Mining supplies inventory 0 3,503 0
Deposits and prepaids 38,198 (71,090) 128,965
Accounts payable and accrued expenses 2,960 160,845 192,527
Net cash (used in) provided by discontinued operations 0 (1,152) 603,585
Net cash used in operating activities (5,196,791) (3,357,578) (18,533,289)
Cash Flows From Investing Activities:      
Purchases of land and mining property 0 0 (72,923)
Purchases of property and equipment (319,219) (199,266) (773,290)
Deposits related to acquisition of equipment (301,800) 0 (301,800)
Proceeds from sale of assets 0 1,000 151,000
Net cash provided by discontinued operations 0 0 434,670
Net cash used in investing activities (621,019) (198,266) (562,343)
Cash Flows From Financing Activities:      
Payments on notes payable (192,024) (179,251) (1,023,371)
Payments on leases payable (10,094) (134,211) (431,088)
Proceeds from insurance settlement 0 0 115,000
Proceeds from notes payable 0 0 124,129
Proceeds from PIK notes payable 0 0 9,600,000
Proceeds from sale of common stock 0 4,385,000 14,185,000
Payments for legal settlement 0 0 (170,000)
Net cash used by discontinued operations 0 0 (56,431)
Net cash (used in) provided by financing activities (202,118) 4,071,538 22,343,239
Net change in cash and cash equivalents (6,019,928) 515,694 3,247,607
Cash and cash equivalents at beginning of period 10,170,536 1,642,340 903,001
Cash and cash equivalents at end of period 4,150,608 2,158,034 4,150,608
Cash Paid For:      
Interest 14,111 43,162 100,647
Income Taxes 0 1,465 2,015
Supplemental Disclosure of Non-Cash Investing and Financing Activities:      
Conversion of debt and accrued interest to common stock   1,654,725 11,459,738
Property and equipment financed on lease     197,000
Property and equipment financed with notes payable 359,619 198,838 533,457
Prepaid insurance financed with note payable     141,908
Land reclassified from assets held for sale to land and mining property 445,180   445,180
Receivable from sales of common stock (see Note 9) $ 1,625,000   $ 1,625,000