Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
3 Months Ended 9 Months Ended 29 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Income Statement [Abstract]          
Net revenues               
Operating Expenses          
Payroll expense and stock based compensation 59,966 86,937 190,083 3,801,111 4,575,501
Management fees - related party 75,000 75,000 225,000 225,000 525,000
Exploration cost    43,165 5,000 83,701 277,195
Impairment of mineral rights             500,000
Professional and consulting 14,798 91,169 47,883 200,480 636,902
General and administrative expneses 13,648 16,223 19,673 83,194 435,798
Total Operating Expenses 163,412 312,494 487,639 4,393,486 6,950,396
Loss from Operations (163,412) (312,494) (487,639) (4,393,486) (6,950,396)
Other Income / (Expense)          
Interest expense (2,106) (37,926) (45,296) (89,558) (534,103)
Derivative expense          (174,129) (174,128)
Change in fair value of derivative liability 21,315 10,420 22,807 55,155 (497,393)
Total Other Expense, net 19,209 (27,506) (22,489) (208,532) (1,205,624)
Net Loss $ (144,203) $ (340,000) $ (510,128) $ (4,602,018) $ (8,156,020)
Net Loss Per Share - Basic and Diluted $ 0.00 $ 0.00 $ 0.00 $ (0.02)  
Weighted average number of shares outstanding during the year Basic and Diluted 253,033,555 253,033,555 253,033,555 248,008,007