STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended		27 Months Ended
	Mar. 31, 2012	Mar. 31, 2011	Mar. 31, 2012
Net income (loss)	$ 7,102,435	$ (9,290,870)	$ (29,478,920)
Common stock and options issued for services	718,402	89,647	18,871,175
(Gain) Loss on warrant derivative	(8,090,003)	8,897,086	(4,815,570)
Derivative day-one loss			11,970,479
Depreciation expense	1,629		2,583
Increase (decrease) in trade accounts payable	19,537	(44,776)	47,065
Increase (decrease) in accrued liabilities	27,500		31,095
Net Cash Used in Operating Activities	(220,500)	(348,913)	(3,372,093)
Investment in fixed assets			(58,890)
Investment in mining rights project		(220,458)
Net Cash Provided (Used) by Investing Activities		(220,458)	(58,890)
Proceeds from notes payable			1,600,000
Repayments of notes payable			(500,000)
Proceeds from exercise of warrants for common stock to be issued			1,360,000
Purchase treasury stock			(60,000)
Proceeds from issuance of common stock with warrants	380,000		1,405,000
Net Cash Provided (Used) by Financing Activities	380,000		3,805,000
Net Increase (decrease) in Cash	159,500	(569,371)	374,017
Cash at Beginning of Period	214,517	1,146,936
Cash at End of Period	374,017	577,565	374,017
Investing in mining rights in accounts payable		$ 69,494