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 6 Months Ended 26 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Income Statement [Abstract]          
Net revenues               
Operating expenses:          
Payroll expense and stock based compensation 59,314 86,262 130,117 3,714,174 4,515,535
Management fees - related party 75,000    150,000    450,000
Exploration cost    29,587 5,000 40,536 277,195
Impaiment of mineral rights             500,000
Professional and consulting 12,489 38,324 33,085 109,311 622,104
General and administrative expenses 7,403 117,590 6,025 216,971 422,150
Total operating expenses 154,206 271,763 324,227 4,080,992 6,786,984
Loss from operations (154,206) (271,763) (324,227) (4,080,992) (6,786,984)
Other income (expense)          
Interest expense, net (14,087) (31,411) (43,190) (51,632) (531,997)
Derivative liability expense    (174,129)    (174,129) (174,128)
Change in fair value of derivative liabilities (13,655) 44,735 1,492 44,735 (518,708)
Total other expense, net (27,742) (160,805) (41,698) (181,026) (1,224,833)
Net loss $ (181,948) $ (432,568) $ (365,925) $ (4,262,018) $ (8,011,817)
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 253,033,555 253,033,555 253,033,555 245,467,621