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MINERAL PROPERTIES AND PROPERTIES, PLANT AND EQUIPMENT (Table)
6 Months Ended
Jun. 30, 2012
Mineral Properties and Properties, Plant and Equipment [Abstract]  
Schedule of Public Utility Property, Plant, and Equipment [Table Text Block]

 

 

 

June 30,

 

 

December
31,

 

 

 

2012

 

 

2011

 

 

 

 

 

 

 

 

Mine and Mill Equipment

 

$

2,173,628

 

 

$

2,173,628

 

Mineral Properties

 

 

2,581,155

 

 

 

2,581,155

 

 

 

$

4,754,783

 

 

$

4,754,783

 

Less: accumulated depreciation, depletion and amortization

 

 

2,173,628

 

 

 

2,173,628

 

Net carrying value

 

$

2,581,155

 

 

$

2,581,155