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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended 203 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Cash Flows From Operating Activities      
Net loss for the period $ (566,344) $ (3,782,688) $ (22,966,944)
Adjustments to reconcile net loss to cash used in operating activities      
Depreciation and amortization    22,001 145,126
Stock compensation expense on stock option grants 55,660    1,624,012
Expenses satisfied with issuance of common stock    24,500 1,202,054
Expenses satisfied with transfer of marketable securities       33,903
Imputed interest on loan payable - related parties       1,560
Write-off of mineral property assets       240,338
Adjustment for spin-off of Aurora Metals (BVI) Limited       316,498
Loss on disposal of subsidiary    2,757,511 2,757,511
Realized loss on investments       37,971
Gain on sale of rights to Matupa agreement (net)       (80,237)
(Gain) loss on extinguishment of liabilities (94,860)    919,605
Foreign exchange (gain) loss related to notes payable       (24,534)
Change in operating assets and liabilities      
Decrease (Increase) in receivables and other assets       (206,978)
(Increase) decrease in prepaid expenses and other assets    (7,016) (20,459)
Increase (decrease) in accounts payable and accrued expenses (including related party) 224,063 (732) 1,331,114
Net Cash Used in Operating Activities (381,481) (986,424) (14,689,460)
Cash Flows From Investing Activities      
Purchase of equipment       (205,348)
Proceeds on disposal of equipment       16,761
Payment for mineral property Reclamation Bonds    80,000 (245,221)
Proceeds from disposition of marketable securities       32,850
Acquisition of mineral property costs and related equipment       (672,981)
Payment for incorporation cost       (11,511)
Net Cash Provide by (Used in) Investing Activities    80,000 (1,085,450)
Cash Flows From Financing Activities      
Proceeds from common stock less issuance costs 96,473 167,100 14,140,912
Loan proceeds from related party       289,000
Net proceeds from (payments on) convertible notes and loans       969,252
Net proceeds from (payments on) advances payable    257,000 45,000
Net proceeds from (payments on) advances payable - related parties 50,000    142,000
Net Cash Provided by Financing Activities 146,473 424,100 15,586,164
Effect of Exchange Rate Changes on Cash (1,177) (3,565) 189,987
(Decrease) Increase in Cash (236,185) (485,889) 1,241
Cash at Beginning of Period 237,426 579,191   
Cash at End of Period $ 1,241 $ 93,302 $ 1,241