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Consolidated Statements of Operations (USD $)
3 Months Ended 6 Months Ended 191 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Expenses          
Administrative and general $ 30,417 $ 113,711 $ 85,155 $ 169,500 $ 1,871,414
Depreciation and amortization 10,362 3,620 15,463 7,244 132,692
Imputed interest on loan payable - related party         1,560
Interest and bank charges 2,329 (3,201) 5,079 17,279 391,469
Foreign exchange loss (gain) 3,594 1,034 4,188 2,734 (9,518)
Professional fees - accounting and legal 128,021 181,437 163,979 330,125 1,730,890
Property search and negotiation         479,695
Salaries, management and consulting fees 195,291 93,756 311,300 170,939 3,113,547
Operating Expenses, Total 370,014 390,357 585,164 697,821 7,711,749
Exploration expenses 68,698 150,059 238,249 232,720 9,661,975
Write-off of mineral property costs         172,981
Costs and Expenses, Total 438,712 540,416 823,413 930,541 17,546,705
Other income (loss)          
Gain (loss) on disposition of subsidiary (2,512,290)   (2,512,290)   (2,295,816)
Interest income         22,353
Gain on sale of rights to the Matupa agreement, net of expenses of $138,065         80,237
Loss on investments         (37,971)
Loss on spun-off operations         (316,598)
Loss on debt extinguishment         (1,014,465)
Nonoperating Income (Expense), Total (2,512,290)   (2,512,290)   (3,562,260)
Net loss for the period $ (2,951,002) $ (540,416) $ (3,335,703) $ (930,541) $ (21,108,965)
Loss per share          
- basic and diluted $ (0.03) $ (0.01) $ (0.04) $ (0.01)  
Weighted average number of common shares outstanding          
- basic and diluted 88,855,553 80,072,968 88,778,868 74,240,745