Golden Phoenix Minerals (GPXM) 10-Q 15 May 14 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2014	15-May-14
Document and Entity Information	'	'
Entity Registrant Name	'GOLDEN PHOENIX MINERALS INC	'
Document Type	'10-Q	'
Document Period End Date	31-Mar-14	'
Amendment Flag	'false	'
Entity Central Index Key	'0001042784	'
Current Fiscal Year End Date	'--12-31	'
Entity Common Stock, Shares Outstanding	'	448,273,907
Entity Filer Category	'Smaller Reporting Company	'
Entity Current Reporting Status	'Yes	'
Entity Voluntary Filers	'No	'
Entity Well-known Seasoned Issuer	'No	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'
Entity Incorporation, Date of Incorporation	30-May-08	'
Entity Incorporation, State Country Name	'Nevada	'

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Mar. 31, 2014	Dec. 31, 2013
Current assets:	'	'
Cash	$77,820	$4,925
Prepaid expenses and other current assets	2,416	2,515
Marketable securities	'	'
Total current assets	80,236	7,440
Property and equipment, net (substantially all held for sale)	760	988
Debt issuance costs	'	4,719
Total assets	80,996	13,147
Current liabilities:	'	'
Accounts payable	1,485,932	1,480,154
Accrued liabilities	501,332	493,337
Accrued interest payable	110,862	108,738
Deposits	41,000	31,000
Notes payable	1,528,680	1,561,124
Amounts due to related party	115,066	115,066
Derivative liability	'	136,765
Total current liabilities	3,782,872	3,926,184
Commitments and contingencies	'	'
Stockholders' deficit:	'	'
Preferred stock, no par value, 50,000,000 shares authorized, none issued	'	'
Common stock; $0.001 par value, 800,000,000 shares authorized, 443,273,907 and 401,082,293 shares issued and outstanding, respectively	443,274	401,082
Additional paid-in capital	58,456,195	58,398,611
Treasury stock, 415,392 shares at cost	-49,008	-49,008
Accumulated deficit	-62,552,337	-62,663,722
Total stockholders' deficit	-3,701,876	-3,913,037
Total liabilities and stockholders' equity (deficit)	$80,996	$13,147

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets Parenthetical (USD $)	Mar. 31, 2014	Dec. 31, 2013
Condensed Consolidated Balance Sheets Parenthetical	'	'
Preferred stock par value	'	'
Preferred stock shares authorized	50,000,000	50,000,000
Preferred stock shares issued	'	'
Common stock par value	$0.00	$0.00
Common stock shares authorized	800,000,000	800,000,000
Common stock shares issued	443,273,907	401,082,293
Common stock shares outstanding	443,273,907	401,082,293
Treasury stock shares	415,392	415,392

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Condensed Consolidated Statements of Operations	'	'
Revenues	'	'
Operating costs and expenses:	'	'
Exploration and evaluation expenses	32,500	40,600
General and administrative expenses	127,454	154,607
Depreciation and amortization expense	228	4,083
Total operating costs and expenses	160,182	199,290
Loss from operations	-160,182	-199,290
Other income (expense):	'	'
Interest and other income	'	34
Interest expense	-43,306	-6,293
Loss on derivative liability	-445,881	'
Foreign currency gain	8,153	4,689
Gain on disposition of assets	249,536	'
Gain on extinguishment of debt	503,065	33,439
Total other income	271,567	31,869
Income (loss) before income taxes	111,385	-167,421
Provision for income taxes	'	'
Net income (loss)	$111,385	($167,421)
Income (loss) per common share:	'	'
Income (loss) per common share: Basic	$0	$0
Income (loss) per common share: Diluted	$0	$0
Weighted average number of common shares outstanding:	'	'
Weighted average number of common shares outstanding: Basic	434,090,728	370,131,688
Weighted average number of common shares outstanding: Diluted	434,878,228	370,131,688

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Cash Flows (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Cash flows from operating activities:	'	'
Net income (loss)	$111,385	($167,421)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:	'	'
Depreciation and amortization expense	228	4,083
Common stock issued for exploration and evaluation expenses	32,500	'
Amortization of debt issuance costs to interest expense	4,719	'
Amortization of debt discount to interest expense	12,626	'
Loss on derivative liability	445,881	'
Gain on extinguishment of debt	-503,065	-33,439
Changes in operating assets and liabilities:	'	'
Decrease in prepaid expenses and other current assets	99	60
Increase in accounts payable	5,778	5,617
Increase in accrued liabilities	11,819	23,912
Increase in deposits	10,000	'
Net cash provided by (used in) operating activities	131,970	-167,188
Cash flows from investing activities -none	'	'
Net cash provided by investing activities	'	'
Cash flows from financing activities:	'	'
Payments of notes payable	-59,075	-3,328
Net cash used in financing activities	-59,075	-3,328
Net increase (decrease) in cash	72,895	-170,516
Cash, beginning of the period	4,925	287,704
Cash, end of the period	$77,820	$117,188

Note_1_Description_of_Business

Note 1 - Description of Business and Basis of Financial Statement Presentation	3 Months Ended
	Mar. 31, 2014
Notes	'
Note 1 - Description of Business and Basis of Financial Statement Presentation	'
	NOTE 1 – DESCRIPTION OF BUSINESS AND BASIS OF FINANCIAL STATEMENT PRESENTATION
	Golden Phoenix Minerals, Inc. (the “Company” or “Golden Phoenix”) is a mineral exploration and development company engaged in acquiring mineral properties with potential production and future growth through exploration discoveries.  Pending requisite funding, our current growth strategy is focused on the expansion of our operations through the development of mineral properties into joint ventures or royalty mining projects.  Our current efforts are focused on our properties in Nevada.
	The Company was formed in Minnesota on June 2, 1997.  On May 30, 2008, the Company reincorporated in Nevada.
	The accompanying condensed consolidated financial statements include the accounts of the Company and of Ra Minerals, Inc. (“Ra Minerals”), a wholly owned subsidiary.  All intercompany accounts and balances have been eliminated in consolidation.
	The interim financial information of the Company as of March 31, 2014 and for the three months ended March 31, 2014 and 2013 is unaudited, and the balance sheet as of December 31, 2013 is derived from audited financial statements.  The accompanying condensed consolidated financial statements have been prepared in accordance with U. S. generally accepted accounting principles for interim financial statements.  Accordingly, they omit or condense notes and certain other information normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles.  The accounting policies followed for quarterly financial reporting conform with the accounting policies disclosed in Note 2 to the Notes to Financial Statements included in our Annual Report on Form 10-K for the year ended December 31, 2013.  In the opinion of management, all adjustments necessary for a fair presentation of the financial information for the interim periods reported have been made.  All such adjustments are of a normal recurring nature.  The results of operations for the three months ended March 31, 2014 are not necessarily indicative of the results that can be expected for the fiscal year ending December 31, 2014.  The unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and the notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2013.
	Certain amounts in the condensed consolidated financial statements for the three months ended March 31, 2012 have been reclassified to conform to the current period presentation.

Note_2_Going_Concern

Note 2 - Going Concern	3 Months Ended
	Mar. 31, 2014
Notes	'
Note 2 - Going Concern	'
	NOTE 2 – GOING CONCERN
	Our condensed consolidated financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business.  However, we have a history of operating losses since our inception in 1997, and have an accumulated deficit of $62,552,337 and a total stockholders’ deficit of $3,701,876 at March 31, 2014.  We currently have no operating revenues.
	We have completed the sale of our 10% ownership interest in the Santa Rosa, Panama gold project for $2,600,000$US 2.6 million.  In February 2014, we received $260,000 of the sales proceeds and received the balance of $2,340,000 on April 23, 2014, net of certain fees and taxes.  This funding will help capitalize the Company, extinguish certain liabilities and provide working capital to commence planned exploration activities on our joint-ventured Nevada properties.
	As more fully described in these Notes to Condensed Consolidated Financial Statements and elsewhere in this quarterly report, we have entered into options and agreements for the acquisition of our Nevada mineral properties.  None of these mineral properties currently have proven or probable reserves.  We believe we will be required to raise significant additional capital to fund our operations and to complete the acquisition of the interests in and further the exploration, evaluation and development of our existing mineral properties and other prospects.  There can be no assurance that we will be successful in raising the required capital at favorable rates or at all, or that any of these mineral properties will ultimately attain a successful level of operations.  If we are unable to raise sufficient capital to meet our current obligations, we may be forced to further reduce or terminate operations and file for reorganization or liquidation under the bankruptcy laws.  These factors and our negative working capital position together raise doubt about our ability to continue as a going concern.  The accompanying consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Note_3_Mineral_Properties

Note 3 - Mineral Properties	3 Months Ended
	Mar. 31, 2014
Notes	'
Note 3 - Mineral Properties	'
	NOTE 3 – MINERAL PROPERTIES
	Our current efforts are focused on our mining properties in Nevada.  Because of lack of funds and scaling back our operations, we allowed the remainder of our mineral property claims interests to lapse in 2013.
	Mhakari Properties
	Vanderbilt
	The Vanderbilt property is within 4 miles of the town of Silver Peak, Nevada and highway 265 via Coyote Road.  It is comprised of 44 claims, plus 3 patented claims and is located on the southern flank of Mineral Ridge and is within the Silver Peak Range.  The Vanderbilt property is within the middle of the Walker Lane tectonic belt with the Sierra uplift to the west and the Basin and Range to the east.  Phase I geologic mapping and outcrop sampling (above ground) was completed in October 2010, resulting in average grades of 2.1 g/t gold and 58.6 g/t silver.  Phase II exploration program (below ground) in the old mine workings was commenced during the first quarter of 2011 to help identify drill targets, with an exploratory drill program expected to begin in the near term as funding permits.
	Coyote Fault/Coyote Fault Extension
	The Coyote Fault/Coyote Fault Extension claims are within nine miles of Silver Peak, Nevada and Hwy 265 via Coyote Road.  They are comprised of 110 contiguous claims and are also located in the middle of the Walker Lane tectonic belt with Sierra Block uplift to the west and the Basin and Range to the east.  The property is on the northern flank of Mineral Ridge and is along the eastern edge of the Silver Peak Range.  Phase I geologic mapping and outcrop sampling (above ground) was completed on the Coyote Fault claim group (38 claims) in December 2010, which identified a new potential gold exploration target.  Geological mapping of the Coyote Extension claim group (72 claims) is planned for the near term as funding permits.
	Amended and Restated Option Agreement
	On February 26, 2013, we entered into an Amended and Restated Option Agreement with Mhakari Gold (Nevada) Inc. (“Mhakari”) with respect to the Mhakari Properties, which terminated all rights and obligations under prior agreements and restated the parties’ agreement with respect to each of the Mhakari Properties.
	Mhakari granted us an option to acquire up to an undivided 80% interest in the Mhakari Properties for the following consideration to be paid by us to Mhakari:
	Cash payments: $25,500, payable $20,000 upon execution of the agreement and $5,500 within 60 days thereafter; $20,000 payable on the 3 month anniversary of the agreement; $15,000 on the 6 month and 9 month anniversary of the agreement; and $50,000 on the 15 month anniversary of the agreement.
	Equity payments: 8,000,000 shares of our common stock upon the execution of the agreement; an additional 7,000,000 shares of our common stock on the 4 month anniversary of the agreement; and an additional 5,000,000 shares on the 12 month anniversary of the agreement.
	Work commitment:  $500,000 in exploration and development expenditures on the Mhakari Properties within 18 months of the date of the agreement; an additional $500,000 in exploration and development expenditures between 18 months and 30 months from the date of the agreement; with no less than $2,000,000 in exploration and development expenditures in the aggregate within 48 months from the date of the agreement.  Inclusive in this work commitment, we are to earmark no less than $10,000 per contract year for 4 years to enhancing safety on the Mhakari Properties.
	Upon satisfying the consideration payable under the agreement, we shall receive an 80% undivided interest in the Mhakari Properties and the parties shall enter into a joint venture to further develop the Mhakari Properties, with us retaining an 80% interest in the joint venture.  In the event that we fail to satisfy the entire purchase price by completing all cash, equity and work commitment payments within the required time frames, the agreement will be deemed to have been terminated and all payments made to date will be forfeited to Mhakari with no interest earned by us in the Mhakari Properties.
	As of the date of filing this report, we are current on our obligations under the Amended and Restated Option Agreement.
	North Springs Properties
	The North Springs Properties consist of a large, bulk-tonnage and a high-grade vein-shear hosted gold system located along the western margin of the Mineral Ridge Mining District, approximately 8 miles west of the town of Silver Peak and 3 miles west of the Mineral Ridge open pit and underground mines.  This property consists of 16 unpatented lode mining claims comprised of 320 acres.
	Both the North Springs Properties and the Mineral Ridge deposits are situated along a regional northwest trending, large anticline known as the Mineral Ridge Metamorphic Core Complex. This complex contains extensive high-grade gold veins (52 miles of underground workings on low-angle veins) and stacked, low angle, shear zones, which has been open pit mined in several deposits.  The North Springs Properties occupies very similar geology, alteration and mineralization, geochemistry and structural setting to the Mineral Ridge deposits. Sampling to date has identified gold mineralization up to 0.8 ounces per ton from surface workings.  The North Springs Properties contain several untested gold targets that include open-pit, disseminated mineralization and high-grade shear zones and feeder veins, such as those that have been mined by several mining companies at the nearby Mineral Ridge deposits.  We plan exploration activities on the North Springs Properties in the near future as funding permits.
	Exploration and Mining Lease with Options to Purchase Agreement
	Under the terms of an Exploration and Mining Lease with Options to Purchase Agreement effective June 17, 2013 (the “North Springs Agreement”), we acquired the rights to the 16 unpatented lode mining claims comprising the North Springs Properties on BLM lands in Esmeralda County, Nevada, located near the operating Mineral Ridge gold project.  As required by the North Springs Agreement, we made advance royalty payments of $5,000 cash in June 2013 and issued 1,000,000 shares of our common stock in July 2013.  We are further obligated to make the following payments under the terms of the North Springs Agreement:
	Date	Cash Payment	Common Share Payment
	First Anniversary of Effective Date	$10,000	1,000,000 shares
	Second Anniversary of Effective Date	$15,000	1,000,000 shares
	Third Anniversary of Effective Date	$20,000	1,000,000 shares
	Fourth Anniversary of Effective Date	$25,000	1,000,000 shares
	Fifth Anniversary of Effective Date	$30,000
	Six through Tenth Anniversary of    Effective Date	$50,000
	Eleventh through Fifteenth Anniversary of    Effective Date	$75,000
	Sixteenth and Each Subsequent Anniversary    of Effective Date	$100,000
	Subject to prior termination, the term of the North Springs Agreement shall be for a period of twenty years commencing on the effective date.  The Company is obligated to pay a production royalty equal to three percent of the Net Smelter Returns (“NSR”) from the production or sale of minerals from the North Springs Properties and meet defined minimum annual work commitments ranging from $10,000 in the first year to $100,000 beginning in the fifth year and thereafter.
	As of the date of filing this report, we are current on our obligations under the Amended and Restated Option Agreement.
	Sale of Interest in Santa Rosa Gold Mine
	We have completed the sale of our 10% ownership interest in the Santa Rosa, Panama gold project for $2,600,000$US 2.6 million.  In February 2014, we received $260,000 of the sales proceeds and received the balance of $2,340,000 on April 23, 2014, net of certain fees and taxes.  As a result, we reported a gain on disposition of assets of $249,536 in the three months ended March 31, 2014.
	In September 2011, the Company and its partner formed a Panamanian corporation, subsequently renamed Vera Gold Corporation (“Vera Gold”), for the purpose of developing and operating mining concessions pertaining to the Santa Rosa Gold Mine located in the Province of Veraguas, Panama.  Pursuant to an agreement entered into in July 2012, the Company and its partner agreed to terminate the original agreement to develop the Santa Rosa Gold Mine, and the Company retained a 10% interest in Vera Gold.  On February 12, 2014, the Company completed negotiations for a Share Purchase Agreement, whereby it sold its 10% ownership in Vera Gold to certain foreign investors for US$2.6 million.
	Exploration and evaluation expenses included in our consolidated statements of operations were $32,500 and 40,600 for the three months ended March 31, 2014 and 2013, respectively, and were comprised of expenses incurred for the Mhakari Properties.

Note_4_Marketable_Securities_A

Note 4 - Marketable Securities And Sale Of Royalty Interest	3 Months Ended
	Mar. 31, 2014
Notes	'
Note 4 - Marketable Securities And Sale Of Royalty Interest	'
	NOTE 4 – MARKETABLE SECURITIES AND SALE OF ROYALTY INTEREST
	Our marketable securities consist of 1,250,000 shares of American Mining Corporation common stock (“AMC”) and the 3,000,000 shares of Win-Eldrich Mines Ltd (“WEX”) common stock received in October 2011 in the settlement of a promissory note resulting from the sale of our interest in the Ashdown Project LLC.  The marketable securities are recorded at market value, with market value based on market quotes and reduced by estimated impairment losses.  We have classified these marketable securities as securities held-for-sale in accordance with Accounting Standards Update (“ASU”) Topic 320, Investments – Debt and Equity Securities.  Unrealized gains and losses resulting from changes in market value are recorded as other comprehensive income, a component of stockholders’ equity in our consolidated balance sheet.
	On May 9, 2012, trading of WEX common shares was halted on the Toronto Stock Exchange due to WEX not timely filing its annual report and audited financial statements.  This trading suspension has not been resolved by WEX and no market for the WEX common shares has developed.
	There is limited trading of the AMC shares and no market for the AMC shares has developed.
	After considering the nature of the operations of AMC and WEX, the lack of trading volume of the shares, the number of shares held by us, and other factors, we have concluded that the recorded value of marketable securities at March 31, 2014 and December 31, 2013 should be fully impaired and that the impairment loss is other-than-temporary.
	On January 31, 2014, we sold for $45,000 our net smelter royalty return (“NSR”) interest relating to the operations conducted by or on behalf of the Ashdown Project LLC.   We acquired the NSR pursuant to the sale of our ownership interest in the Ashdown Project in May 2009 and a subsequent Termination, Settlement and Release Agreement entered into in August 2011.  We received a deposit of $31,000 in December 2013, $5,000 in February 2014, and $5,000 in March 2014, with the balance currently payable to us.

Note_5_Accrued_Liabilities

Note 5 - Accrued Liabilities	3 Months Ended
	Mar. 31, 2014
Notes	'
Note 5 - Accrued Liabilities	'
	NOTE 5 – ACCRUED LIABILITIES
	Accrued liabilities consisted of the following at:
		31-Mar-14	31-Dec-13
	Accrued payroll and related	$           90,643	$           92,643
	Liabilities assumed in Ra Minerals acquisition	160,629	166,901
	Put option liability	120,000	120,000
	Legal and consulting fees	45,000	45,000
	Other	85,060	68,793
		$         501,332	$         493,337

Note_6_Notes_Payable

Note 6 - Notes Payable	3 Months Ended
	Mar. 31, 2014
Notes	'
Note 6 - Notes Payable	'
	NOTE 6 – NOTES PAYABLE
	Our notes payable consisted of the following at:
		31-Mar-14	31-Dec-13
	Note payable to an equipment supplier,    with principal payments of $58,486 on June 30,    2008, $58,486 on June 30, 2009, and $58,485 on    June 30, 2010, with interest at 8%, unsecured	$         175,457	$         175,457
	Convertible notes payable to SV, non-interest    bearing, payable September 30, 2012	500,000	500,000
	Convertible note payable to SV, non-interest    bearing, payable September 30, 2012	413,223	413,223
	Note payable to Pinnacle, non-interest bearing,    payable in scheduled monthly payments ranging    from $15,000 to $30,000 through August 2012	190,000	190,000
	Convertible note payable to Pinnacle, non-interest    bearing, payable October 31, 2013	250,000	250,000
	Convertible notes payable to an institutional    investor, net of discount, repaid during the three    months ended March 31, 2014	-	32,444
		$      1,528,680	$      1,561,124
	Convertible Notes Payable to Institutional Investor
	On June 4, 2013, August 22, 2013, November 5, 2013, and November 15, 2013, we entered into convertible promissory notes payable to an institutional investor (“investor”) for $42,500, $32,500, $15,575, and $11,000, respectively, (“Convertible Notes”), which bore interest at an annual rate of 8% and were to mature on March 6, 2014, May 27, 2014, August 7, 2014, and August 19, 2014, respectively.  The investor had the right, after the first 180 days of the notes, to convert the Convertible Notes and accrued interest in whole or in part into shares of our common stock at a price per share equal to 58% (representing a discount rate of 42%) of the average of the lowest three trading prices for our common stock during the ten trading day period ending one trading day prior to the date of the conversion notice.
	At any time for the period beginning on the date of the Convertible Notes and ending on the date which is 30 days following the date of the Convertible Notes, we had the option to prepay the Convertible Notes upon payment of an amount equal to the outstanding principal multiplied by 110%, together with accrued and unpaid interest.  The amount of the prepayment increased every subsequent 30 days to 115%, 120%, 125%, 130% and 135% of the outstanding principal together with accrued and unpaid interest.  After the expiration of 180 days following the date of the Convertible Notes, we had no right of prepayment.
	At the inception of the June 4, 2013 Convertible Note of $42,500, we recorded debt issuance costs of $3,000 and a debt discount and a derivative liability of $42,093 related to the conversion feature.  In December 2013, we paid $14,815 principal and, in December 2013 and January 2014, the investor converted $27,685 principal and $1,700 accrued interest into shares of our common stock, extinguishing the obligation in full.
	At the inception of the August 22, 2013 Convertible Note, we recorded debt issuance costs of $3,000, a debt discount of $32,500 and a derivative liability of $55,894 related to the conversion feature. In February 2014, we extinguished the obligation in full by payment of $32,500 principal and $1,268 in accrued interest.
	At the inception of the November 5, 2013 Convertible Note, we recorded debt issuance costs of $1,500, a debt discount of $15,575 and a derivative liability of $35,765 related to the conversion feature.  In February 2014, we extinguished the obligation in full by payment of $15,575 principal and $369 in accrued interest.
	At the inception of the November 15, 2013 Convertible Note, we recorded debt issuance costs of $1,500, a debt discount of $11,000 and a derivative liability of $17,238 related to the conversion feature.  In February 2014, we extinguished the obligation in full by payment of $11,000 principal and $236 in accrued interest.
	Interest expense for the amortization of the debt discount was calculated on a straight-line basis over the life of the Convertible Notes and totaled $12,626 for the three months ended March 31, 2014.
	During the three months ended March 31, 2014, we had the following activity in the accounts related to the Convertible Notes:
		Derivative Liability	Debt Discount	Loss on Derivative Liability	Gain on Extinguishment of Debt	Interest Expense
	Balance at December 31, 2013	$     136,765	$     (42,316)
	Adjustment to derivative liability	445,881	-	($445,881)	$                       -	$              -
	Amortization of debt discount to interest expense	-	12,626	-	-	-12,626
	Repayment of debt	-582,646	29,690	-	503,065	-
	Balance at March 31, 2014	$                -	$                -	($445,881)	$            503,065	$   (12,626)
	In estimating the fair value of the derivative and calculating the adjustment to the derivative liability during the three months ended March 31, 2014, we used the Black-Scholes pricing model with the following range of assumptions:
	Risk-free interest rate	0.08 –	0.03%
	Expected life in years	0.48 –	0.12
	Dividend yield	0%
	Expected volatility	274.75 –	376.38%
	Other Notes Payable
	The two convertible notes payable to Sala-Valc S.A.C., a Peruvian corporation (“SV”), resulted from an Amendment to Mining Asset Purchase and Strategic Alliance Agreement related to mineral properties in Peru.
	The two notes payable to Pinnacle Minerals Corporation (“Pinnacle”) resulted from an Amendment to Membership Interest Purchase Agreement whereby we purchased Pinnacle’s membership interest in Molyco, LLC, which owns or controls portions of mineral properties in Peru.  Pinnacle has initiated legal action related to these unpaid obligations (see Note 14).
	The parties involved in the mineral property projects in Peru were not able to finalize the transfer agreements to be filed with Peruvian governmental authorities to affect the transfer to us of the mineral properties in Peru.  We have therefore discontinued our efforts in Peru, and the ultimate disposition of the convertible notes payable to SV and the notes payable to Pinnacle is dependent on our resolution of our dispute with SV and of the legal actions discussed in Note 14.  We are currently unable to predict the ultimate outcome of these matters.

Note_7_Amounts_Due_Related_Par

Note 7 - Amounts Due Related Party	3 Months Ended
	Mar. 31, 2014
Notes	'
Note 7 - Amounts Due Related Party	'
	NOTE 7 – AMOUNTS DUE RELATED PARTY
	Amounts due to related party consists of a note due to Robert P. Martin, former Chairman of our Board of Directors, resulting from a debt settlement agreement entered into in April 2010.  The repayment terms of the note were restructured as part of a consulting agreement entered into with Mr. Martin effective September 1, 2011.  The obligation was paid 50% in November 2011, with the remaining 50% payable on or before February 27, 2012.  The remaining note payable balance and related accrued interest payable were still outstanding as of the date of filing this report.  At March 31, 2014 and December 31, 2014, the note payable had a principal balance of $115,066, and related accrued interest payable was $16,116 and $14,413, respectively.

Note_8_Stockholders_Equity

Note 8 - Stockholders' Equity	3 Months Ended
	Mar. 31, 2014
Notes	'
Note 8 - Stockholders' Equity	'
	NOTE 8 – STOCKHOLDERS’ DEFICIT
	We have 50,000,000 shares of no par value, non-voting convertible preferred stock authorized.  As of March 31, 2014 and December 31, 2013, there were no shares of preferred stock outstanding.
	We also have 800,000,000 shares of $0.001 par value common stock authorized.
	During the three months ended March 31, 2014, we issued a total of 42,191,614 shares of our common stock: 37,191,614 shares valued at $67,276 for conversion of debt (Note 6) and 5,000,000 shares valued at $32,500 for exploration and evaluation expenses pursuant to our mineral property option agreements (Note 3).
	During the three months ended March 31, 2013, we issued 6,200,000 shares of our common stock to Jeffrey Dahl, a member of our Board of Directors in accordance with a consulting agreement with him.
	As of March 31, 2014 and December 31, 2013, we had 415,392 shares of our common stock acquired in a previous stock repurchase program that were recorded as treasury shares at a cost of $49,008.

Note_9_Stock_Warrants

Note 9 - Stock Warrants	3 Months Ended
	Mar. 31, 2014
Notes	'
Note 9 - Stock Warrants	'
	NOTE 9 – STOCK WARRANTS
	We have issued warrants to purchase shares of our common stock in connection with equity financing agreements and pursuant to certain consulting agreements.
	A summary of the status of our stock warrants as of September 30, 2013, and changes during the nine months then ended is presented below:
			Weighted Average
		Shares	Exercise Price
	Outstanding, December 31, 2013	26,750,000	$   0.06
	Granted	-
	Canceled / Expired	-3,750,000	$   0.12
	Exercised	-
	Outstanding, vested and exercisable, March 31, 2014	23,000,000	$   0.05
	The following summarizes the exercise price per share and expiration date of our outstanding warrants to purchase common stock at March 31, 2014:
	Expiration Date	Price	Number
	2014	$     0.04	8,500,000
	2015	$    0.05	4,000,000
	2017	$    0.06	2,500,000
	2017	$    0.04	4,000,000
	2017	$    0.08	4,000,000
			23,000,000

Note_10_Stockbased_Compensatio

Note 10 - Stock-based Compensation	3 Months Ended
	Mar. 31, 2014
Notes	'
Note 10 - Stock-based Compensation	'
	NOTE 10 – STOCK-BASED COMPENSATION
	We account for stock-based compensation in accordance with ASU Topic 718, Compensation – Stock Compensation.  Under the fair value recognition provisions of this standard, stock-based compensation cost is measured at the grant date based on the estimated value of the award granted, using the Black-Scholes option pricing model, and recognized over the period in which the award vests in general and administrative expenses.  We had no stock-based compensation expense for the three months ended March 31, 2014 and 2013.
	The following table summarizes the stock option activity during the three months ended March 31, 2014:
		Options	Weighted Average Exercise Price	Weighted Average Remaining Contract Term	Aggregate Intrinsic Value
	Outstanding at December 31, 2013	5,300,000	$   0.09
	Granted	-
	Exercised	-
	Expired or cancelled	-
	Outstanding, vested and exercisable    at March 31, 2014	5,300,000	$   0.09	1.95	$1,200
	The aggregate intrinsic value in the preceding table represents the total pretax intrinsic value, based on our closing stock price of $0.0062 as of March 31, 2014 which would have been received by the holders of in-the-money options had the option holders exercised their options as of that date.
	As of March 31, 2014, there was no future compensation cost related to non-vested stock-based awards not yet recognized in our condensed consolidated statements of operations and comprehensive loss.

Note_11_Earnings_loss_Per_Shar

Note 11 - Earnings (loss) Per Share	3 Months Ended
	Mar. 31, 2014
Notes	'
Note 11 - Earnings (loss) Per Share	'
	NOTE 11 – EARNINGS (LOSS) PER SHARE
	The computation of basic earnings per common share is based on the weighted average number of shares outstanding during the period.  The computation of diluted earnings per common share is based on the weighted average number of shares outstanding during the period plus the weighted average common stock equivalents which would arise from the exercise of stock options, warrants and rights outstanding using the treasury stock method and the average market price per share during the period.
	The shares used in the computation of our basic and diluted earnings per share are reconciled as follows for the three months ended March 31, 2014 and 2013:
		2014	2013
	Weighted average number of shares outstanding - basic	434,090,728	370,131,688
	Dilutive effect of stock options	787,500	-
	Weighted average number of shares outstanding - diluted	434,878,228	370,131,688
	At March 31, 2014, we had outstanding options and warrants to purchase a total of 28,300,000 common shares that could have a future dilutive effect on the calculation of earnings per share.

Note_12_Consulting_Agreements

Note 12 - Consulting Agreements	3 Months Ended
	Mar. 31, 2014
Notes	'
Note 12 - Consulting Agreements	'
	NOTE 12 – CONSULTING AGREEMENTS
	Donald B. Gunn
	On December 7, 2011, we entered into a Consulting Agreement (the “Gunn Consulting Agreement) with Donald Gunn, whereby Mr. Gunn is to provide services to the Company in his role as President of the Company.  Mr. Gunn was appointed President of the Company effective March 15, 2011.  Pursuant to the Gunn Consulting Agreement, the Company has accrued monthly compensation to Mr. Gunn of $3,000 from July through November 2011 and $6,000 from December 31, 2011 forward.
	Dennis P. Gauger
	On January 15, 2013, the Board of Directors appointed Dennis P. Gauger as our Chief Financial Officer and Corporate Secretary.  Pursuant to an Independent Contractor Agreement, Mr. Gauger was to perform the agreed upon duties for a period of one year and be paid $5,000 per month through June 2013 and $7,500 per month for the remainder of the contract.  Effective September 1, 2013, Mr. Gauger’s compensation was reduced to $3,000 per month.  Mr. Gauger is eligible to participate in our stock option plan as approved by the Board of Directors.
	See Note 16 for discussion of new compensation agreements for officers and directors effective May 1, 2014.

Note_13_Legal_Matters

Note 13 - Legal Matters	3 Months Ended
	Mar. 31, 2014
Notes	'
Note 13 - Legal Matters	'
	NOTE 13 – LEGAL MATTERS
	On February 27, 2012, Wayne Colwell, a former employee, sued the Company, claiming he was owed back wages (Wayne Colwell v. Golden Phoenix Minerals, Inc., case number CV 12 – 00480, in the 2nd Judicial District Court, in and for the County of Washoe, State of Nevada).  At a court ordered settlement conference, the parties reached a settlement whereby we agreed to pay Mr. Colwell the sum of $80,000 in satisfaction of all claims.  Pursuant to the settlement agreement, we paid Mr. Colwell the sum of $20,000 and agreed to pay the balance of $60,000 prior to August 1, 2013.  We paid Mr. Colwell $5,000 in September 2013 and the balance of $55,000 in April 2014.
	On March 7, 2013, we filed a lawsuit in the Second Judicial District Court for the State of Nevada (Golden Phoenix Minerals, Inc. et al. vs. Robert A. Ian, Change Management International, LLC, case number CV 13-00508) alleging various breaches by the defendants of various contracts and duties owed by defendants to plaintiffs, all relating to an independent contractor relationship between the Company and the defendants.  We were seeking equitable relief in the case, as well as monetary damages.  The defendants filed an answer, denying all claims, and also filed a counter-claim against the Company seeking monetary damages for alleged breach of a consulting agreement.  Subsequent to March 31, 2014, we entered into a Mutual Release with the defendants where all disputes and differences were settled (Note 16).
	On May 22 and 2013, Pinnacle Minerals Corporation, a Florida corporation (“Pinnacle”), sued the Company, seeking payments allegedly due on the two promissory notes issued in connection with a membership interest purchase agreement entered into as of March 7, 2011, relating to a Peruvian mining venture.  The case was filed in the United States District Court for the District of Nevada, as “Pinnacle Minerals Corporation v. Golden Phoenix Minerals, Inc., Case number 2:13 – CV – 00915 – MMD – NJK.  We filed a motion to stay the litigation and compel arbitration, pursuant to a provision of the subject purchase agreement.  Based on negotiations, and agreement and stipulation between the parties, this case was dismissed on July 22, 2013.  The parties have submitted the dispute to binding arbitration in Reno, Nevada.  No date has been set for the arbitration, and no discovery or other proceedings have yet taken place.  While denying the allegations of the complaint, we have also asserted counterclaims against Pinnacle and intend to vigorously defend the claims, all of which will be pursued through the arbitration proceedings.
	On October 24, 2013, we filed a lawsuit in the Second Judicial District Court for the State of Nevada (Golden Phoenix Minerals, Inc. vs. David A. Caldwell, Tom Klein, et al., case number CV 13-02332) alleging breaches by the defendants of various contracts and duties owed by the defendants to the Company, together with claims for fraud and breach of contract, conspiracy and other claims, relating primarily to the facts and circumstances surrounding the transaction we entered into with Pinnacle as discussed above, and related business and financial transactions among the parties.  Mr. Caldwell is a former Chief Executive Officer and former member of the Board of Directors of the Company.  Mr. Klein is a former Chief Executive Officer and a current member of the Board of Directors of the Company.  We intend to vigorously prosecute the case to protect our legal and property rights and interests.  No answers have been filed, no discovery has commenced, and no trial date has been set.  We will seek to consolidate this case with the Pinnacle case, including mediation of all claims of the parties.

Note_14_Supplemental_Statement

Note 14 - Supplemental Statement of Cash Flows Information	3 Months Ended
	Mar. 31, 2014
Notes	'
Note 14 - Supplemental Statement of Cash Flows Information	'
	NOTE 14 – SUPPLEMENTAL STATEMENT OF CASH FLOWS INFORMATION
	During the three months ended March 31, 2014 and 2013, we made no cash payments for income taxes.
	During the three months ended March 31, 2014 and 2013, we made cash payments for interest totaling $18,808 and $985, respectively.
	During the three months ended March 31, 2014, we had the following non-cash financing and investing activities:
	·         Decreased accrued interest payable by $1,700, decreased notes payable by $15,685, decreased debt discount by $2,967, decreased derivative liability by $52,106, increased common stock by $37,192 and increased additional paid-in capital by $30,084 for common shares issued in conversion of debt.
	During the three months ended March 31, 2013, we had the following non-cash financing and investing activities:
	·         Decreased accrued liabilities by $116,000, increased common stock by $6,200 and increased additional paid-in capital by $109,800 for common shares issued in payment of put option.

Note_15_Recent_Accounting_Pron

Note 15 - Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2014
Notes	'
Note 15 - Recent Accounting Pronouncements	'
	NOTE 15 – RECENT ACCOUNTING PRONOUNCEMENTS
	There were no new accounting pronouncements issued during the three months ended March 31, 2014 and through the date of the filing of this report that we believe are applicable to or would have a material impact on our consolidated financial statements.

Note_16_Subsequent_Events

Note 16 - Subsequent Events	3 Months Ended
	Mar. 31, 2014
Notes	'
Note 16 - Subsequent Events	'
	NOTE 16 – SUBSEQUENT EVENTS
	On April 21, 2014 we completed a Stock Purchase Agreement entered into on January 31, 2014 with an investor and received $10,000.  The investor purchased 5,000,000 units at $0.002 per unit, with each unit comprised of one share of restricted common stock of the Company and a five-year warrant to purchase one share of common stock of the Company at an exercise price of $0.003 per share.
	On April 23, 2014, we completed the sale of our 10% ownership interest in the Santa Rosa, Panama gold project for $US 2.6 million.  In February 2014, we received $260,000 of the sales proceeds and received the balance of $2,340,000 on April 23, 2014, net of certain fees and taxes.
	On April 28, 2014, we entered into a Mutual Release with Robert A. Ian and Change Management International, LLC where all disputes and differences arising from a lawsuit filed by us in March 2013 and a subsequent counterclaim filed by the defendants were settled (Note 16).  Pursuant to the terms of the Mutual Release, we paid the defendants $35,000.
	Effective May 1, 2014, the Board of Directors of the Company approved the following monthly compensation levels for members of our Interim Governing Board (“IGB”):  Donald Gunn $9,000 and John Di Girolamo and Jeffrey Dahl $7,000.  The three members of the IGB are also to receive 500,000 each of restricted stock of the Company.  The Board also approved monthly compensation of $5,000 for Dennis Gauger, Chief Financial Officer, effective May 1, 2014.

Note_1_Description_of_Business1

Note 1 - Description of Business and Basis of Financial Statement Presentation: Basis of accounting policy (Policies)	3 Months Ended
	Mar. 31, 2014
Policies	'
Basis of accounting policy	'
	The interim financial information of the Company as of March 31, 2014 and for the three months ended March 31, 2014 and 2013 is unaudited, and the balance sheet as of December 31, 2013 is derived from audited financial statements.  The accompanying condensed consolidated financial statements have been prepared in accordance with U. S. generally accepted accounting principles for interim financial statements.  Accordingly, they omit or condense notes and certain other information normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles.  The accounting policies followed for quarterly financial reporting conform with the accounting policies disclosed in Note 2 to the Notes to Financial Statements included in our Annual Report on Form 10-K for the year ended December 31, 2013.  In the opinion of management, all adjustments necessary for a fair presentation of the financial information for the interim periods reported have been made.  All such adjustments are of a normal recurring nature.  The results of operations for the three months ended March 31, 2014 are not necessarily indicative of the results that can be expected for the fiscal year ending December 31, 2014.  The unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and the notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2013.

Note_3_Mineral_Properties_Sche

Note 3 - Mineral Properties: Schedule of Payments under North Springs Agreement (Tables)	3 Months Ended
	Mar. 31, 2014
Tables/Schedules	'
Schedule of Payments under North Springs Agreement	'
	Date	Cash Payment	Common Share Payment
	First Anniversary of Effective Date	$10,000	1,000,000 shares
	Second Anniversary of Effective Date	$15,000	1,000,000 shares
	Third Anniversary of Effective Date	$20,000	1,000,000 shares
	Fourth Anniversary of Effective Date	$25,000	1,000,000 shares
	Fifth Anniversary of Effective Date	$30,000
	Six through Tenth Anniversary of    Effective Date	$50,000
	Eleventh through Fifteenth Anniversary of    Effective Date	$75,000
	Sixteenth and Each Subsequent Anniversary    of Effective Date	$100,000

Note_5_Accrued_Liabilities_Sch

Note 5 - Accrued Liabilities: Schedule of Accrued Liabilities (Tables)	3 Months Ended
	Mar. 31, 2014
Tables/Schedules	'
Schedule of Accrued Liabilities	'
		31-Mar-14	31-Dec-13
	Accrued payroll and related	$           90,643	$           92,643
	Liabilities assumed in Ra Minerals acquisition	160,629	166,901
	Put option liability	120,000	120,000
	Legal and consulting fees	45,000	45,000
	Other	85,060	68,793
		$         501,332	$         493,337

Note_6_Notes_Payable_Schedule_

Note 6 - Notes Payable: Schedule of Debt (Tables)	3 Months Ended
	Mar. 31, 2014
Tables/Schedules	'
Schedule of Debt	'
		31-Mar-14	31-Dec-13
	Note payable to an equipment supplier,    with principal payments of $58,486 on June 30,    2008, $58,486 on June 30, 2009, and $58,485 on    June 30, 2010, with interest at 8%, unsecured	$         175,457	$         175,457
	Convertible notes payable to SV, non-interest    bearing, payable September 30, 2012	500,000	500,000
	Convertible note payable to SV, non-interest    bearing, payable September 30, 2012	413,223	413,223
	Note payable to Pinnacle, non-interest bearing,    payable in scheduled monthly payments ranging    from $15,000 to $30,000 through August 2012	190,000	190,000
	Convertible note payable to Pinnacle, non-interest    bearing, payable October 31, 2013	250,000	250,000
	Convertible notes payable to an institutional    investor, net of discount, repaid during the three    months ended March 31, 2014	-	32,444
		$      1,528,680	$      1,561,124

Note_6_Notes_Payable_Schedule_1

Note 6 - Notes Payable: Schedule of Convertible Note Activity (Tables)	3 Months Ended
	Mar. 31, 2014
Tables/Schedules	'
Schedule of Convertible Note Activity	'
		Derivative Liability	Debt Discount	Loss on Derivative Liability	Gain on Extinguishment of Debt	Interest Expense
	Balance at December 31, 2013	$     136,765	$     (42,316)
	Adjustment to derivative liability	445,881	-	($445,881)	$                       -	$              -
	Amortization of debt discount to interest expense	-	12,626	-	-	-12,626
	Repayment of debt	-582,646	29,690	-	503,065	-
	Balance at March 31, 2014	$                -	$                -	($445,881)	$            503,065	$   (12,626)

Note_6_Notes_Payable_Schedule_2

Note 6 - Notes Payable: Schedule of Fair Value of Convertible Note (Tables)	3 Months Ended
	Mar. 31, 2014
Tables/Schedules	'
Schedule of Fair Value of Convertible Note	'
	Risk-free interest rate	0.08 –	0.03%
	Expected life in years	0.48 –	0.12
	Dividend yield	0%
	Expected volatility	274.75 –	376.38%

Note_9_Stock_Warrants_Schedule

Note 9 - Stock Warrants: Schedule of Stockholders' Equity Note, Warrants or Rights (Tables)	3 Months Ended
	Mar. 31, 2014
Tables/Schedules	'
Schedule of Stockholders' Equity Note, Warrants or Rights	'
			Weighted Average
		Shares	Exercise Price
	Outstanding, December 31, 2013	26,750,000	$   0.06
	Granted	-
	Canceled / Expired	-3,750,000	$   0.12
	Exercised	-
	Outstanding, vested and exercisable, March 31, 2014	23,000,000	$   0.05

Note_9_Stock_Warrants_Schedule1

Note 9 - Stock Warrants: Schedule Of Exercise Price Per Share Of Outstanding Warrants To Purchase Common Stock (Tables)	3 Months Ended
	Mar. 31, 2014
Tables/Schedules	'
Schedule Of Exercise Price Per Share Of Outstanding Warrants To Purchase Common Stock	'
	Expiration Date	Price	Number
	2014	$     0.04	8,500,000
	2015	$    0.05	4,000,000
	2017	$    0.06	2,500,000
	2017	$    0.04	4,000,000
	2017	$    0.08	4,000,000
			23,000,000

Note_10_Stockbased_Compensatio1

Note 10 - Stock-based Compensation: Schedule of Share-based Compensation, Stock Options, Activity (Tables)	3 Months Ended
	Mar. 31, 2014
Tables/Schedules	'
Schedule of Share-based Compensation, Stock Options, Activity	'
		Options	Weighted Average Exercise Price	Weighted Average Remaining Contract Term	Aggregate Intrinsic Value
	Outstanding at December 31, 2013	5,300,000	$   0.09
	Granted	-
	Exercised	-
	Expired or cancelled	-
	Outstanding, vested and exercisable    at March 31, 2014	5,300,000	$   0.09	1.95	$1,200

Note_11_Earnings_loss_Per_Shar1

Note 11 - Earnings (loss) Per Share: Schedule of Earnings Per Share, Basic and Diluted (Tables)	3 Months Ended
	Mar. 31, 2014
Tables/Schedules	'
Schedule of Earnings Per Share, Basic and Diluted	'
		2014	2013
	Weighted average number of shares outstanding - basic	434,090,728	370,131,688
	Dilutive effect of stock options	787,500	-
	Weighted average number of shares outstanding - diluted	434,878,228	370,131,688

Note_1_Description_of_Business2

Note 1 - Description of Business and Basis of Financial Statement Presentation (Details)	3 Months Ended
	Mar. 31, 2014
Details	'
Entity Incorporation, Date of Incorporation	30-May-08
Entity Incorporation, State Country Name	'Nevada

Note_2_Going_Concern_Details

Note 2 - Going Concern (Details) (USD $)	Apr. 23, 2014	Mar. 31, 2014	Feb. 18, 2014	Dec. 31, 2013
Details	'	'	'	'
Accumulated deficit	'	$62,552,337	'	$62,663,722
Total stockholders' deficit	'	3,701,876	'	3,913,037
Purchase Price of Santa Rosa Gold Mine, Panama	'	'	2,600,000	'
Initial Payment related to the sale of Santa Rosa Gold Mine, Panama	'	'	260,000	'
Remaining Balance Payment related to the sale of Santa Rosa Gold Mine, Panama	$2,340,000	'	'	'

Note_3_Mineral_Properties_Amen

Note 3 - Mineral Properties: Amended and Restated Option Agreement (Details) (USD $)	Feb. 26, 2013
Details	'
Option to acquire up to an undivided interest in the Mhakari Properties	80.00%
Option to acquire Mhakari Properties Cash Payments Consideration	$25,500
Option to acquire Mhakari Properties Cash Payable Upon Execution	20,000
Option to acquire Mhakari Properties Cash Payable Within 60 Days	5,500
Option to acquire Mhakari Properties Cash Payable On 6 Month Anniversary	15,000
Option to acquire Mhakari Properties Cash Payable On 15 Month Anniversary	50,000
Option to acquire Mhakari Properties Equity Payments Common Shares	8,000,000
Option to acquire Mhakari Properties Equity Payments Common Shares 4 Month Anniversayr	7,000,000
Option to acquire Mhakari Properties Equity Payments Common Shares 12 Month Anniversayr	5,000,000
Option to acquire Mhakari Properties Work Commitment exploration and development expenditures	500,000
Option to acquire Mhakari Properties Work Commitment exploration and development expenditures 18 to 30 Months from date of agreement	500,000
Option to acquire Mhakari Properties Work Commitment exploration and development expenditures aggregate 48 months from date of agreement	2,000,000
Option to acquire Mhakari Properties Work Commitment Safely Enhancement Annual Earmark	$10,000

Note_3_Mineral_Properties_Deta

Note 3 - Mineral Properties (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Apr. 23, 2014	Feb. 18, 2014
Details	'	'	'	'
Advance royalty payments	$5,000	'	'	'
Shares issued per North Springs Agreement	1,000,000	'	'	'
Minimum annual work 1st Year	10,000	'	'	'
Minimum annual work 5th Year and thereafter	100,000	'	'	'
Purchase Price of Santa Rosa Gold Mine, Panama	'	'	'	2,600,000
Initial Payment related to the sale of Santa Rosa Gold Mine, Panama	'	'	'	260,000
Remaining Balance Payment related to the sale of Santa Rosa Gold Mine, Panama	'	'	2,340,000	'
Gain on disposition of assets	249,536	'	'	'
Exploration and evaluation expenses	$32,500	$40,600	'	'

Note_3_Mineral_Properties_Sche1

Note 3 - Mineral Properties: Schedule of Payments under North Springs Agreement (Details) (USD $)	Jun. 17, 2029	Jun. 17, 2028	Jun. 17, 2023	Jun. 17, 2018	Jun. 17, 2017	Jun. 17, 2016	Jun. 17, 2015
Details	'	'	'	'	'	'	'
Cash Payment	$100,000	$75,000	$50,000	$30,000	$25,000	$20,000	$15,000
Common Shares Payment	'	'	'	'	1,000,000	1,000,000	1,000,000

Note_4_Marketable_Securities_A1

Note 4 - Marketable Securities And Sale Of Royalty Interest (Details) (USD $)	1 Months Ended
	Jan. 31, 2014	Mar. 31, 2014	Feb. 28, 2014	Dec. 31, 2013
Shares of American Mining Corporation common stock	'	1,250,000	'	'
Shares of Win-Eldrich Mines Ltd ('WEX') common stock	'	3,000,000	'	'
Deposits	'	($41,000)	'	($31,000)
Net Smelter Royal Return Interest	'	'	'	'
Proceeds from Sale of Other Assets	45,000	'	'	'
Deposits	'	$5,000	$5,000	$31,000

Note_5_Accrued_Liabilities_Sch1

Note 5 - Accrued Liabilities: Schedule of Accrued Liabilities (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Accrued liabilities	$501,332	$493,337
Accrued payroll and related	'	'
Accrued liabilities	90,643	92,643
Liabilities assumed in Ra acquisition	'	'
Accrued liabilities	160,629	166,901
Put option liability	'	'
Accrued liabilities	120,000	120,000
Legal and consulting fees	'	'
Accrued liabilities	45,000	45,000
Other	'	'
Accrued liabilities	$85,060	$68,793

Note_6_Notes_Payable_Schedule_3

Note 6 - Notes Payable: Schedule of Debt (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Long-term Debt	$1,528,680	$1,561,124
KomatsuEqiupmentNoteMember	'	'
Long-term Debt	175,457	175,457
SVNote1Member	'	'
Long-term Debt	500,000	500,000
SVNote2Member	'	'
Long-term Debt	413,223	413,223
PinnacleMember	'	'
Long-term Debt	190,000	190,000
PinnacleConvertibleNoteMember	'	'
Long-term Debt	250,000	250,000
CapitalLeaseHeartlandWisconsinMember	'	'
Long-term Debt	'	$32,444

Note_6_Notes_Payable_Details

Note 6 - Notes Payable (Details) (USD $)	1 Months Ended			3 Months Ended
	Nov. 30, 2013	Aug. 31, 2013	Jun. 30, 2013	Mar. 31, 2014	Nov. 15, 2013	Nov. 05, 2013	Aug. 22, 2013	Jun. 04, 2013
Debt Issuance Cost	$1,500	$3,000	$3,000	'	'	'	'	'
Derivative Liability, Notional Amount	'	'	'	'	17,238	35,765	55,894	42,093
Debt Instrument, Unamortized Discount	'	'	'	'	11,000	15,575	32,500	'
Amortization of debt discount to interest expense	'	'	'	12,626	'	'	'	'
Institutional Investor	'	'	'	'	'	'	'	'
Convertible Notes Payable	'	'	'	'	$11,000	$15,575	$32,500	$42,500
Interest Rate	'	'	'	'	8.00%	8.00%	8.00%	8.00%

Note_6_Notes_Payable_Schedule_4

Note 6 - Notes Payable: Schedule of Convertible Note Activity (Details) (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2014	Dec. 31, 2013
Amortization of debt discount to interest expense	($12,626)	'
Loss on derivative liability	-445,881	'
Derivative Liability	'	'
Derivative liability at inception	'	136,765
Derivative Liability Loss	445,881	'
Repayments of Debt	-582,646	'
Debt Discount	'	'
Derivative liability at inception	'	-42,316
Amortization of debt discount to interest expense	12,626	'
Repayments of Debt	29,690	'
Loss on Derivative Liability	'	'
Derivative Liability Loss	-445,881	'
Loss on derivative liability	-445,881	'
Gain on Extinguishment of Debt	'	'
Repayments of Debt	503,065	'
Loss on derivative liability	503,065	'
Interest Expense	'	'
Amortization of debt discount to interest expense	-12,626	'
Loss on derivative liability	($12,626)	'

Note_6_Notes_Payable_Schedule_5

Note 6 - Notes Payable: Schedule of Fair Value of Convertible Note (Details)	3 Months Ended
	Mar. 31, 2014
Minimum	'
Fair Value Assumptions, Risk Free Interest Rate	0.08%
Fair Value Assumptions, Expected Term	'5 months 23 days
Fair Value Assumptions, Expected Dividend Rate	0.00%
Fair Value Assumptions, Expected Volatility Rate	274.75%
Maximum	'
Fair Value Assumptions, Risk Free Interest Rate	0.03%
Fair Value Assumptions, Expected Term	'1 month 13 days
Fair Value Assumptions, Expected Volatility Rate	376.38%

Note_7_Amounts_Due_Related_Par1

Note 7 - Amounts Due Related Party (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Details	'	'
Related party note principal	$115,066	'
Related party accrued interest payable	$16,116	$14,413

Note_8_Stockholders_Equity_Det

Note 8 - Stockholders' Equity (Details) (USD $)	3 Months Ended		3 Months Ended
	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
			Exploration and Evaluation Expenses	Services - Jeffrey Dahl
Preferred stock shares authorized	50,000,000	50,000,000	'	'
Common stock shares authorized	800,000,000	800,000,000	'	'
Common stock par value	$0.00	$0.00	'	'
Common Shares Issued For Conversion of Debt	37,191,614	'	'	'
Common Shares Issued For Conversion of Debt Value	$67,276	'	'	'
Common Shares Issued For Services	'	'	5,000,000	6,200,000
Common Shares Issued For Services Value	'	'	32,500	'
Treasury stock shares	415,392	415,392	'	'
Treasury stock, 415,392 shares at cost	$49,008	$49,008	'	'

Note_9_Stock_Warrants_Schedule2

Note 9 - Stock Warrants: Schedule of Stockholders' Equity Note, Warrants or Rights (Details) (USD $)	3 Months Ended
	Mar. 31, 2014		Dec. 31, 2013
Details	'		'
Common stock warrants outstanding	23,000,000		26,750,000
Common Stock Warrants Outstanding Weighted Average Price	$0.05		$0.06
Common stock warrants canceled / expired	-3,750,000	[1]	'
Common Stock Warrants Canceled Weighted Average Price	$0.12		'
[1]	Weighted average exercise price of $0.06

Note_9_Stock_Warrants_Schedule3

Note 9 - Stock Warrants: Schedule Of Exercise Price Per Share Of Outstanding Warrants To Purchase Common Stock (Details) (USD $)	Mar. 31, 2014
Outstanding Warrants To Purchase Common Stock	23,000,000
Outstanding Warrants Group 6	'
Exercise Price Per Share	0.04
Outstanding Warrants To Purchase Common Stock	8,500,000
Outstanding Warrants Group 7	'
Exercise Price Per Share	0.05
Outstanding Warrants To Purchase Common Stock	4,000,000
Outstanding Warrants Group 8	'
Exercise Price Per Share	0.06
Outstanding Warrants To Purchase Common Stock	2,500,000
Outstanding Warrants Group 9	'
Exercise Price Per Share	0.04
Outstanding Warrants To Purchase Common Stock	4,000,000
Outstanding Warrants Group 10	'
Exercise Price Per Share	0.08
Outstanding Warrants To Purchase Common Stock	4,000,000

Note_10_Stockbased_Compensatio2

Note 10 - Stock-based Compensation: Schedule of Share-based Compensation, Stock Options, Activity (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Dec. 31, 2013
Details	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	5,300,000	5,300,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Beginning Balance	$0.09	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance	$0.09	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	'1 year 11 months 12 days	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value	$1,200	'

Note_10_Stockbased_Compensatio3

Note 10 - Stock-based Compensation (Details) (USD $)	Mar. 31, 2014
Details	'
Closing stock price	$0.01

Note_11_Earnings_loss_Per_Shar2

Note 11 - Earnings (loss) Per Share: Schedule of Earnings Per Share, Basic and Diluted (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Details	'	'
Weighted average number of common shares outstanding: Basic	434,090,728	370,131,688
Dilutive Securities, Effect on Basic Earnings Per Share, Dilutive Convertible Securities	$787,500	'
Weighted average number of common shares outstanding: Diluted	434,878,228	370,131,688

Note_11_Earnings_loss_Per_Shar3

Note 11 - Earnings (loss) Per Share (Details)	Mar. 31, 2014
Details	'
Outstanding options and warrants	28,300,000

Note_12_Consulting_Agreements_

Note 12 - Consulting Agreements: Donald B. Gunn (Details) (USD $)	Dec. 07, 2011
Details	'
Accrued monthly compensation July through November 2011 - Donald B. Gunn	$3,000
Accrued monthly compensation December 2011 forward - Donald B. Gunn	$6,000

Note_12_Consulting_Agreements_1

Note 12 - Consulting Agreements: Dennis P. Gauger (Details) (USD $)	3 Months Ended
	Mar. 31, 2014
Details	'
Gauger Monthly Fee Through June 2013	$5,000
Gauger Monthly Fee Remainder Of Contract	$7,500

Note_13_Legal_Matters_Details

Note 13 - Legal Matters (Details) (USD $)	1 Months Ended
	Apr. 30, 2014	Sep. 30, 2013	Feb. 27, 2012
Details	'	'	'
Legal Settlement Payment to Former Employee	'	'	$80,000
Legal Settlement Payment to Former Employee - Initial Payment	'	'	20,000
Legal Settlement Payment to Former Employee - Balance Payment	$55,000	$5,000	'

Note_14_Supplemental_Statement1

Note 14 - Supplemental Statement of Cash Flows Information (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Details	'	'
Cash payments for interest	$18,808	$985
Decreased Accrued Interest Payable	1,700	'
Decreased Notes Payable	15,685	'
Decreased Debt Discount	2,967	'
Decreased Derivative Liability	52,106	'
Increased Common Stock For Common Shares Issued For Conversion Of Debt	37,192	'
Increased Additional Paid-In Capital For Common Shares Issued For Conversion Of Debt	30,084	'
Decreased accrued liabilities	'	116,000
Increase Common Stock	'	6,200
Increased additional paid-in capital	'	$109,800

Note_16_Subsequent_Events_Deta

Note 16 - Subsequent Events (Details) (USD $)	Apr. 28, 2014	Apr. 21, 2014	31-May-14	31-May-14	31-May-14	31-May-14
			Donald Gunn	John Di Girolamo	Jeffrey Dahl	Dennis Gauger
Proceeds from Stock Purchase Agreement	'	$10,000	'	'	'	'
Stock Purchase Agreement - Shares	'	5,000,000	'	'	'	'
Stock Purchase Agreement - Price Per Share	'	$0.00	'	'	'	'
Settlement under the Mutual Release	35,000	'	'	'	'	'
Officers' Compensation	'	'	$9,000	$7,000	$7,000	$5,000
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures	'	'	500,000	500,000	500,000	'