XML 33 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (USD $)
12 Months Ended 207 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2012
Operating Expenses      
General and administrative $ 380,439 $ 550,655 $ 2,717,353
Depreciation and amortization 5,129 27,897 150,255
Imputed interest on loan payable - related party       1,560
Interest and bank charges 2,525 7,867 396,782
Foreign exchange loss (gain) 1,563 (1,613) (13,756)
Professional fees - accounting and legal 125,838 241,125 1,933,874
Property search and negotiation       479,695
Salaries, management and consulting fees 447,088 668,926 3,918,261
Exploration expenses 332,785 307,613 10,064,124
Write-off of equipment    67,357 240,338
Total Operating Expenses 1,295,367 1,869,827 19,888,486
Other income (loss)      
Gain (loss) on disposition of subsidiary    (2,757,511) (2,541,037)
Interest income 133    22,486
Gain on sale of rights to Matupa agreement (net)       80,237
Loss on investments       (37,971)
Loss on spun-off operations       (316,598)
Gain (loss) on extinguishment of liabilities 94,860    (919,605)
Total other income (loss) 94,993 (2,757,511) (3,712,488)
Net Loss (1,200,374) (4,627,338) (23,600,974)
Other comprehensive income (loss)      
Foreign currency translation adjustments 63,323 22,532  
Comprehensive income (loss) $ (1,137,051) $ (4,604,806)  
Net Loss Per Share - Basic and Diluted $ (0.01) $ (0.05)  
Weighted Average Shares Outstanding - Basic and Diluted 145,261,911 90,537,439