Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
 3 Months Ended 35 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Mar. 31, 2014
Cash Flows From Operating Activities:      
Net Loss $ (343,414) $ (183,980) $ (7,365,188)
Adjustments to reconcile net loss to net cash used in operations      
Amortization of prepaid expenses       95,034
Amortization of debt issuance costs       5,206
Amortization of debt discount    27,019 487,236
Interest expense in connection with the conversion of debentures       68,147
Impairment of mineral rights       500,000
Derivative liability expense       174,128
Change in fair value of derivative liabilities 21,720 (15,146) 509,306
Stock based consulting expense 179,834    309,834
Stock based compensation expense       373,648
Common stock issued for services       3,500,000
Gain from settlement of debt       (1,285,872)
Changes in operating assets and liabilities:      
Decrease in prepaid expenses    5,500 11,141
Increase/(decrease) accounts payable and accrued expenses 131,860 166,607 1,823,548
Net Cash Used In Operating Activities (10,000)    (793,831)
Cash Flows From Financing Activities:      
Proceeds from issuance of preferred stock       50,000
Proceeds from issuance of common stock       550,000
Net proceeds from a loan - related party 10,000    10,000
Net proceeds from debentures       127,500
Net Cash Provided by Financing Activities 10,000    737,500
Net decrease in Cash       (56,331)
Cash at Beginning of Period    20 56,331
Cash at End of Period    20   
Supplemental disclosure of cash flow information:      
Cash paid for interest         
Cash paid for taxes         
Supplemental disclosure of non-cash investing and financing activities:      
Contributed capital in connection with an extinguishment of a convertible debenture      31,666
Issuance of common stock for convertible debentures       505,000
Reclassification of derivative liability to equity       9,904,767
Issuance of common stock in connection with the transfer and conveyance of certain silver mining claim       500,000
Issuance of convertible promissory notes       105,882
Operating expenses paid by a minority stockholder directly to the Company's vendors       $ 19,675