Golden Phoenix Minerals (GPXM) 10-K 30 Mar 15 2014 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Dec. 31, 2014	Mar. 27, 2015	Jun. 30, 2014
Document and Entity Information
Entity Registrant Name	GOLDEN PHOENIX MINERALS INC
Document Type	10-K
Document Period End Date	31-Dec-14
Amendment Flag	FALSE
Entity Central Index Key	1042784
Current Fiscal Year End Date	-19
Entity Common Stock, Shares Outstanding		456,773,907
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	FY
Entity Public Float			$1,883,844

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Dec. 31, 2014	Dec. 31, 2013
Current assets:
Cash	$642,990	$4,925
Prepaid expenses and other current assets	12,991	2,515
Deposits	190,000
Marketable securities	65,999
Total current assets	911,980	7,440
Debt issuance costs		4,719
Other assets	76	988
Total assets	912,056	13,147
Current liabilities:
Accounts payable	560,674	1,480,154
Accrued liabilities	377,596	493,337
Notes payable	1,353,223	1,561,124
Accrued interest payable		108,738
Deposits liability		31,000
Derivative liability		136,765
Amounts due related party		115,066
Total current liabilities	2,291,493	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, 456,773,907 and 401,082,293 shares issued and outstanding, respectively	456,774	401,082
Additional paid-in capital	58,877,973	58,398,611
Treasury stock, 415,392 shares at cost	-49,008	-49,008
Accumulated other comprehensive loss	-38,680
Accumulated deficit	-60,626,496	-62,663,722
Total stockholders' deficit	-1,379,437	-3,913,037
Total liabilities and stockholders' equity	$912,056	$13,147

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets Parenthetical (USD $)	Dec. 31, 2014	Dec. 31, 2013
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 shared issued	456,773,907	401,082,293
Common stock shares outstanding	456,773,907	401,082,293
Treasury stock shares	415,392	415,392

Consolidated_Statements_of_Ope

Consolidated Statements of Operations and Comprehensive Income (Loss) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Consolidated Statements of Operations and Comprehensive Income (Loss)
Revenues
Operating costs and expenses:
Exploration and evaluation expenses	216,629	156,212
General and administrative expenses	585,964	513,910
Depreciation and amortization expense	912	5,387
Total operating costs and expenses	803,505	675,509
Loss from operations	-803,505	-675,509
Other income (expense):
Interest and other income	657	48
Interest expense	-45,932	-89,852
Loss on derivative liability	-445,881	-57,794
Foreign currency gain (loss)	-1,375	16,935
Gain on extinguishment of debt	817,608	101,824
Gain (loss) on disposal of assets	2,515,654	-58,009
Total other income (expense)	2,840,731	-86,848
Income (loss) before income taxes	2,037,226	-762,357
Provision for income taxes
Net income (loss)	2,037,226	-762,357
Other comprehensive income - unrealized loss on marketable securities	-38,680
Comprehensive income (loss)	$1,998,546	($762,357)
Net income (loss) per common share, basic and diluted	$0	$0
Weighted average number of shares outstanding:
Basic	449,606,185	384,041,780
Diluted	449,606,185	384,041,780

Consolidated_Statements_of_Sto

Consolidated Statements of Stockholders' Deficit (USD $)	Common Stock	Additional Paid-in Capital	Other Comprehensive Loss	Treasury Stock	Accumulated Deficit	Total
Balance at Dec. 31, 2012	$369,652	$58,256,712		($49,008)	($61,901,365)	($3,324,009)
Balance (Shares) at Dec. 31, 2012	369,651,524			415,392
Stock issued for accrued expenses	22,200	135,000				157,200
Stock issued for accrued expenses (Shares)	22,200,000
Stock issued for conversion of debt	9,230	4,616				13,846
Stock issued for conversion of debt (Shares)	9,230,769
Stock-based compensation		2,283				2,283
Net income (loss)					-762,357	-762,357
Balance at Dec. 31, 2013	401,082	58,398,611		-49,008	-62,663,722	-3,913,037
Balance (Shares) at Dec. 31, 2013	401,082,293			415,392
Stock issued for accrued expenses	6,000	15,600				21,600
Stock issued for accrued expenses (Shares)	6,000,000
Stock issued for conversion of debt	37,192	30,084				67,276
Stock issued for conversion of debt (Shares)	37,191,614
Stock issued for exploration expense	6,000	29,300				35,300
Stock issued for exploration expense (Shares)	6,000,000
Stock issued for cash	5,000	5,000				10,000
Stock issued for cash (Shares)	5,000,000
Stock issued for contract services	1,500	3,750				5,250
Stock issued for contract services (Shares)	1,500,000
Warrants issued for accounts payable		142				142
Gain on settlement of related party debt		395,486				395,486
Unrealized loss on investments			-38,680			-38,680
Net income (loss)					2,037,226	2,037,226
Balance at Dec. 31, 2014	$456,774	$58,877,973	($38,680)	($49,008)	($60,626,496)	($1,379,437)
Balance (Shares) at Dec. 31, 2014	456,773,907			415,392

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Cash flows from operating activities:
Net income (loss)	$2,037,226	($762,357)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization expense	912	5,387
Stock issued for exploration expense	35,300
Stock issued for contract services	5,250
Stock-based compensation		2,284
Amortization of debt issuance costs to interest expense	4,719	4,281
Amortization of debt discount to interest expense	12,626	51,285
Loss on derivative liability	445,881	57,794
(Gain) loss on disposal of assets	-2,515,654	58,009
Gain on extinguishment of debt	-817,608	-101,824
Foreign currency loss	19,321
Changes in operating assets and liabilities:
(Increase) decrease in prepaid expenses and other current assets	-10,476	7,239
Increase in deposits	-190,000
Increase (decrease) in accounts payable	-477,912	294,325
Decrease in accrued liabilities	-108,033	-10,367
Increase in deposits liability		31,000
Net cash used in operating activities	-1,558,448	-362,944
Cash flows from investing activities:
Proceeds from the disposal of assets	2,484,654	8,000
Purchase of marketable securities	-124,000
Net cash provided by investing activities	2,360,654	8,000
Cash flows from financing activities:
Proceeds from the issuance of notes payable		101,575
Net proceeds from the sale of common stock	10,000
Payment of notes payable	-59,075	-20,410
Payment of debt issuance costs		-9,000
Payments of amounts due related party	-115,066	0
Net cash provided by (used in) financing activities	-164,141	72,165
Net increase (decrease) in cash	638,065	-282,779
Cash, beginning of year	4,925	287,704
Cash, end of year	$642,990	$4,925

Note_1_Description_of_Business

Note 1: Description of Business and Basis of Financial Statement Presentation	12 Months Ended
	Dec. 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
	Organization and Description of Business
	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 and reincorporated in the State of Nevada in May 2008.
	Principles of Consolidation
	The accompanying 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.

Note_2_Significant_Accounting_

Note 2: Significant Accounting Policies	12 Months Ended
	Dec. 31, 2014
Notes
Note 2: Significant Accounting Policies
	Note 2:  Summary of Significant Accounting Policies
	Accounting Method
	Our consolidated financial statements are prepared by management in conformity with United States generally accepted accounting principles using the accrual method of accounting.  We have elected a December 31 year-end.
	Reclassifications
	Certain reclassifications have been made to the 2013 consolidated financial statements in order for them to conform to the classifications used for the current year presentation.
	Concentrations
	Concentration of Credit Risk — Financial instruments, which could potentially subject us to credit risk, consist primarily of cash bank deposits.  We maintain certain of our cash in bank accounts insured by the Federal Deposit Insurance Corporation up to $250,000.  However, our account balances, at times, may exceed federally insured limits and may be deposited in a foreign bank.  We have not experienced material losses in such accounts, and believe we are not exposed to any significant credit risk with respect to our cash accounts.
	Concentration of Operations — Our operations are all related to the minerals and mining industry.  A reduction in mineral prices or other disturbances in the minerals markets could have an adverse effect on our operations.
	Use of Estimates
	The preparation of financial statements in conformity with United States generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  Differences in these estimates and actual results could be material to our consolidated financial position and results of operations.
	Cash and Cash Equivalents
	We consider all investments purchased with original maturities of three or fewer months to be cash equivalents.  We had no cash equivalents at December 31, 2014 and 2013.
	Marketable Securities
	Marketable securities consist of investments in common stock of two publicly held mining companies.  The marketable securities are stated at market value, with market value based on market quotes.  Unrealized gains and losses resulting from changes in market value are recorded as other comprehensive income, a component of stockholders’ deficit in our consolidated balance sheet.  Realized gains and losses resulting from the sale or disposition of marketable securities are reflected in net income or loss for the period.  Estimated impairment losses that are determined to be other-than-temporary are included in net income or loss for the period.
	Property and Equipment
	We had no material amounts of depreciable property and equipment at December 31, 2014 and 2013.
	Mine development costs are capitalized after proven and probable reserves have been identified.  Amortization of mine development costs will be calculated using the units-of-production method over the expected life of the operation based on the estimated proven and probable reserves.  As of December 31, 2014 and 2013, we had no mineral properties with capitalized and amortizable mine development costs.
	Expenditures for maintenance and repairs are expensed when incurred and betterments are capitalized.  Gains and losses on sales or dispositions of property and equipment are reflected in net income or loss for the period.
	The cost and accumulated depreciation of property and equipment sold or otherwise disposed of are removed from the accounts and any related gain or loss on disposition is reflected in net income or loss for the period.
	Mineral Property Acquisition Costs
	Mineral property acquisition costs are recorded at cost and capitalized where an evaluation of market conditions and other factors imply the acquisition costs are recoverable.  Such factors may include the existence or indication of economically mineable reserves, a market for the subsequent sale of the mineral property, the stage of exploration and evaluation of the property, historical exploration or production data, and the geographic location of the property.  Once a determination has been made that a mineral property has proven or probable reserves that can be produced profitably, depletion of the capitalized acquisition costs will be computed at the commencement of commercial production on the units-of-production basis using estimated proven and probable reserves.  As of December 31, 2014 and 2013, we had no capitalized mineral property acquisition costs.
	Where an evaluation of market conditions and other factors results in uncertainty as to the recoverability of exploration mineral property acquisition costs, the costs are expensed as incurred and included in exploration and evaluation expenses.
	Exploration and Evaluation Expenses
	Exploration expenses relating to the search for resources suitable for commercial production, including researching and analyzing historic exploration data, conducting topographical, geological, geochemical and geophysical studies, exploratory drilling, trenching and sampling are expensed as incurred.
	Evaluation expenses relating to the determination of the technical feasibility and commercial viability of a mineral resource, including determining volume and grade of deposits, examining and testing extraction methods, metallurgical or treatment processes, surveying transportation and infrastructure requirements and conducting market and finance studies are expensed as incurred.
	Mineral Property Development Costs
	Mineral property development costs relate to establishing access to an identified mineral reserve and other preparations for commercial production, including infrastructure development, sinking shafts and underground drifts, permanent excavations, and advance removal of overburden and waste rock.
	When it is determined that commercially recoverable reserves exist and a decision is made by management to develop the mineral property, mineral property development costs are capitalized and carried forward until production begins.  The capitalized mineral property development costs are then amortized using the units-of-production method using proven and probable reserves as the mineral resource is mined.
	Closure, Reclamation and Remediation Costs
	Current laws and regulations require certain closure, reclamation and remediation work to be done on mineral properties as a result of exploration, development and operating activities.  We periodically review the activities performed on our mineral properties and make estimates of closure, reclamation and remediation work that will need to be performed as required by those laws and regulations and make estimates of amounts that are expected to be incurred when the closure, reclamation and remediation work is expected to be performed.  Future closure, reclamation and environmental related expenditures are difficult to estimate in many circumstances due to the early stages of investigation, uncertainties associated with defining the nature and extent of environmental contamination, the uncertainties relating to specific reclamation and remediation methods and costs, application and changing of environmental laws, regulations and interpretation by regulatory authorities, the country where the project is located, and the possible participation of other potentially responsible parties.
	At December 31, 2014 and 2013, we had no mining projects that had advanced to the stage where closure, reclamation and remediation costs were required to be accrued.
	Property Evaluations and Impairment of Long-Lived Assets
	We review and evaluate the carrying amounts of our mineral properties, capitalized mineral property development costs and related buildings and equipment, and other long-lived assets when events or changes in circumstances indicate that the carrying amount may not be recoverable.  Estimated future net cash flows, on an undiscounted basis, from a property or asset are calculated using estimated recoverable minerals (considering current proven and probable reserves and mineralization expected to be classified as reserves where applicable); estimated future mineral price realization (considering historical and current prices, price trends and related factors); operating, capital and reclamation costs; , and other factors beyond proven and probable reserves such as estimated market value for the property in an arms-length sale.  Reduction in the carrying value of property, plant and equipment, or other long-lived assets, with a corresponding charge to earnings, are recorded to the extent that the estimated future net cash flows are less than the carrying value.
	Estimates of future cash flows are subject to risks and uncertainties.  It is reasonably possible that changes in circumstances could occur which may affect the recoverability of our properties and long-lived assets.
	Debt Issuance Costs
	Costs incurred with the issuance of notes payable are capitalized and amortized to interest expense through the earlier of the maturity date or repayment of the notes payable.
	Derivative for Conversion Feature
	We estimate the fair value of the derivative for the conversion feature of our convertible debt using the Black-Scholes pricing model at the inception of the debt and at each reporting date, recording a derivative liability, debt discount and a gain or loss on derivative liability as applicable.
	Fair Value of Financial Instruments
	Disclosures about fair value of financial instruments require disclosure of the fair value information, whether or not recognized in our consolidated balance sheet, where it is practicable to estimate that value.  As of December 31, 2014 and 2013, the amounts reported for cash, accrued liabilities, accrued interest payable, certain notes payable and amounts due to related party fair value because of their short maturities.
	In accordance with ASC Topic 820, “Fair Value Measurements and Disclosures,” we measure certain financial instruments at fair value on a recurring basis.  ASC Topic 820 defines fair value, established a framework for measuring fair value in accordance with accounting principles generally accepted in the United States, and expands disclosures about fair value measurements.
	Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.  ASC Topic 820 established a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value.  The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1measurements) and the lowest priority to unobservable inputs (level 3 measurements).  These tiers include:
	Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets;
	Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and
	Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.
	Liabilities measured at fair value on a recurring basis are as follows at December 31, 2013:
		Total	Level 1	Level 2	Level 3
	Derivative liability	$           136,765	$                          -	$                          -	$             136,765
	Convertible notes payable	32,444	-	-	32,444
	Total liabilities measured at    fair value	$           169,209	$                          -	$                          -	$             169,209
	We had no liabilities measured at fair value at December 31, 2014
	Revenue Recognition
	Revenue from the sale of precious metals is recognized when title and risk of ownership passes to the buyer and the collection of sales proceeds is assured.
	Revenue from the rental of drilling equipment is recognized when the agreed upon rental period is completed and the collection of rental proceeds is assured.
	Income Taxes
	We recognize a liability or asset for deferred tax consequences of all temporary differences between the tax bases of assets and liabilities and their reported amounts in the financial statements that will result in taxable or deductible amounts in future years when the reported amounts of the assets and liabilities are recovered or settled.  Deferred tax items mainly relate to net operating loss carry forwards and accrued expenses.  These deferred tax assets or liabilities are measured using the enacted tax rates that will be in effect when the differences are expected to reverse.  The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.  Deferred tax assets are reviewed periodically for recoverability, and valuation allowances are provided when it is more likely than not that some or all of the deferred tax assets may not be realized.  As of December 31, 2014 and 2013, we had fully reduced our net deferred tax assets by recording a 100% valuation allowance.
	Stock-Based Compensation and Equity Transactions
	In accordance with ASC Topic 718, Compensation – Stock Compensation, we measure the compensation cost of stock options and other stock-based awards issued to employees and directors pursuant to stock-based compensation plans at fair value at the grant date and recognize compensation expense over the requisite service period for awards expected to vest.
	Except for transactions with employees and directors that are within the scope of ASC Topic 718, all transactions in which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more reliably measurable.  Additionally, in accordance with ASC Topic 505-50, Equity-Based Payments to Non-Employees, we have determined that the dates used to value the transaction are either: (1) the date at which a commitment for performance by the counter party to earn the equity instruments is established; or (2) the date at which the counter party’s performance is complete.
	Foreign Currency Transactions
	At times, certain of our cash accounts may be deposited in a foreign bank.  Gains and losses resulting from translation of such account balances are included in operating results, as are gains and losses from foreign currency transactions.
	Comprehensive Income (Loss)
	We present the components of other comprehensive income (loss) in a single continuous consolidated statement of comprehensive income (loss).  For the year ended December 31, 2012, other comprehensive income consists of unrealized gains on our marketable securities.  We had no other comprehensive income or loss for the year ended December 31, 2013.
Earnings per Common 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 outstanding common stock equivalents which would arise from the exercise of stock options and warrants using the treasury stock method and the average market price per share during the period.
For the years ended December 31, 2014 and 2013, there were no common stock equivalents outstanding and, therefore, the computation of basic and diluted earnings per share were the same.  At December 31, 2014, we had outstanding options and warrants to purchase a total of 19,650,000 common shares that could have a future dilutive effect on the calculation of earnings per share.

Note_3_Going_Concern

Note 3: Going Concern	12 Months Ended
	Dec. 31, 2014
Notes
Note 3: Going Concern	Note 3:  Going Concern
	Our 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 $60,626,496 and a total stockholders’ deficit of $1,379,437 at December 31, 2014.  We currently have no operating revenues.
	We completed the sale of our 10% ownership interest in the Santa Rosa, Panama gold project for $US 2.6 2,600,000million.  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 has helped capitalize the Company, extinguish certain liabilities and will provide working capital to commence planned exploration activities on our joint-ventured Nevada properties.
	As more fully described in these Notes to Consolidated Financial Statements and elsewhere in this annual report, we have entered into options and agreements for the acquisition of our Nevada mineral properties.  None of these mineral properties currently have 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 substantial 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_4_Mineral_Properties

Note 4: Mineral Properties	12 Months Ended
	Dec. 31, 2014
Notes
Note 4: Mineral Properties	Note 4:  Mineral Properties
	Our current efforts are focused on our mining properties in Nevada.  These properties are early exploration stage and we have not developed any future exploration plans due to the lack of funding.
	We have entered into an agreement to acquire an 80% interest in the “Mhakari Properties”, which include the Vanderbilt Silver and Gold Project, the Coyote Fault Gold and Silver Project, and Galena Flat Gold Project, and claims that are an extension to the Coyote Fault property, all located adjacent to the producing Mineral Ridge property near Silver Peak, Nevada   In addition, we entered into an agreement to acquire the rights to the “North Springs” properties consisting of 16 unpatented lode mining claims in three claim blocks on BLM lands in Esmeralda County, Nevada, also located near the Mineral Ridge property .
	Mhakari Properties
	The Mhakari properties are all in early stage exploration and do not contain any reserves.  Of the three properties held under the Mhakari Option Agreement, the Vanderbilt and Coyote Fault properties have been those where we have performed exploration activities consisting of sampling and mapping.  Because the three properties are exploration in nature, there is no infrastructure established.
	Vanderbilt
	The Vanderbilt property is located 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 for a total of 900 acres and is located on the southern flank of Mineral Ridge 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.  A 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 as funding is obtained and the Company receives permits from the BLM.
	Coyote Fault/Coyote Fault Extension
	The Coyote Fault/Coyote Fault Extension claim block is within nine miles of Silver Peak, Nevada and Hwy 265 via Coyote Road.  The property consists of 110 contiguous unpatented mining claims having a total of 2,200 acres, and is also located within the middle of the Walker Lane tectonic belt with the Sierra 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 1 geologic mapping and outcrop sampling (above ground) was completed on the Coyote Fault claim group in December 2010, which identified a new potential gold exploration target.  No further exploration plans have been developed at this time.
	Galena Flat
	The Galena Flat claims are found about 4 miles from Silver Peak, Nevada and can be accessed by dirt road from the historic town site of Blair off of State Highway 265.  The project is in early stage exploration and consists of 24 unpatented lode mining claims for a total of 480 acres.  Very little exploration work has been conducted on the Galena Flat Project. No sampling or mapping has been conducted, and no further exploration plans have been developed at this time.
	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 have met the cash payments and equity payments obligations but were not current on the work commitment obligations.  We are currently in discussions with Mhakari and anticipate reaching an agreement on a revised work commitment schedule and beginning our work commitment in the near future as funding permits.
	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
	We made the Second Anniversary cash payment and common share payment during the year ended December 31, 2014, and are current on our obligations under the North Springs Agreement.
	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.
	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 $US 2.6 million.  In February 2014, we received $260,000 of the sales proceeds and received the balance of $2,340,000 in April 2014, net of certain fees and taxes.  As a result, we recognized a gain on disposition of assets of $2,463,654 for the year ended December 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 related to our Mhakari and North Springs Properties included in our consolidated statements of operations for the years ended December 31, 2014 and 2013 were as follows:
		2014	2013
	Mhakari Properties	$           176,177	$           142,400
	North Springs Properties	40,452	13,812
	Total	$           216,629	$           156,212

Note_5_Marketable_Securities_a

Note 5: Marketable Securities and Sale of Royalty Interest	12 Months Ended
	Dec. 31, 2014
Notes
Note 5: Marketable Securities and Sale of Royalty Interest	Note 5:  Marketable Securities and Sale of Royalty Interest
	Our marketable securities consisted 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 were recorded at market value, with market value based on market quotes and reduced by estimated impairment losses.  We classified these marketable securities as securities held-for-sale in accordance with ASC Topic 320, Investments – Debt and Equity Securities.  Unrealized gains and losses resulting from changes in market value were recorded as other comprehensive income, a component of stockholders’ equity in our consolidated balance sheet.
	Pursuant to a Shares Purchase Agreement dated January 31, 2014, we sold the WEX shares for $7,000, and included this amount in gain on disposition of assets for the year ended December 31, 2014.
	There is limited trading of the AMC shares and no market for the AMC shares has developed.  After considering the lack of operations of AMC and 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 these marketable securities at December 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 and included this amount in gain on disposition of assets for the year ended December 31, 2014.   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.
	In October 2014, we participated in a private placement in Ximen Mining Corp. (“Ximen”), a Canadian publicly listed mineral exploration company, with an investment of $124,000.   We purchased 450,000 units consisting of one common share and one non-transferable warrant entitling us to purchase one further common share of Ximen at an exercise price of $0.40 per warrant share for a period of two years.  Ximen is focused on the exploration and development of gold projects in southern British Columbia and currently has a 100% interest in two properties: the Gold Drop Project and the Brett Gold Project.
	These marketable securities were recorded at market value, with market value based on market quotes.  We classified these marketable securities as securities held-for-sale in accordance with ASC 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.

Note_6_Accrued_Liabilities

Note 6: Accrued Liabilities	12 Months Ended
	Dec. 31, 2014
Notes
Note 6: Accrued Liabilities	Note 6:  Accrued Liabilities
	Accrued liabilities consisted of the following at December 31, 2014 and 2013:
		2014	2013
	Accrued payroll and related	$             17,500	$             92,643
	Liabilities assumed in Ra acquisition	153,096	166,901
	Put option liability	50,000	120,000
	Legal and consulting fees	145,000	45,000
	Other	12,000	68,793
		$           377,596	$           493,337

Note_7_Notes_Payable

Note 7: Notes Payable	12 Months Ended
	Dec. 31, 2014
Notes
Note 7: Notes Payable	Note 7:  Notes Payable
	Our notes payable consisted of the following at:
		31-Dec-14	31-Dec-13
	Convertible notes payable to SV, non-interest bearing, payable September 30, 2012, currently in default	$         500,000	$         500,000
	Convertible note payable to SV, non-interest bearing, payable September 30, 2012, currently in default	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, currently in default	190,000	190,000
	Convertible note payable to Pinnacle, non-interest bearing, payable October 31, 2013, currently in default	250,000	250,000
	Note payable to an equipment supplier, extinguished in 2014	-	175,457
	Convertible notes payable to an institutional investor, net of discount, repaid in 2014	-	32,444
		$      1,353,223	$      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 year ended December 31, 2014.
	During the year ended December 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 December 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 year ended December 31, 2014, we used the Black-Scholes pricing model with the following range of assumptions:
	Risk-free interest rate	0.08 –0.025%
	Expected life in years	0.48 - 0.12
	Dividend yield	0%
	Expected volatility	274.75 – 446.16%
	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 13).
	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 13.  We are currently unable to predict the ultimate outcome of these matters.

Note_8_Amounts_Due_Related_Par

Note 8: Amounts Due Related Party	12 Months Ended
	Dec. 31, 2014
Notes
Note 8: Amounts Due Related Party	Note 8: Amounts Due Related Party
	Amounts due to related party at December 31, 2013 consisted 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.  During the year ended December 31, 2014, we repaid or otherwise settled all amounts due Mr. Martin, including the note principal and related accrued interest payable.

Note_9_Stockholders_Equity

Note 9: Stockholders' Equity	12 Months Ended
	Dec. 31, 2014
Notes
Note 9: Stockholders' Equity	Note 9:  Stockholders’ Deficit
	We have 50,000,000 shares of no par value, non-voting convertible preferred stock authorized.  As of December 31, 2014 and 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 year ended December 31, 2014, we issued a total of 51,191,614 shares of our common stock: 6,000,000 shares valued at $21,600 in payment of accrued expenses; 37,191,614 shares valued at $67,276 for conversion of debt; 6,000,000 shares valued at $35,300 for exploration expenses; 5,000,000 shares for cash of $10,000 and 1,500,000 shares valued at $5,250 for contract services provided by members of our Board of Directors.
	During the year ended December 31, 2013, we issued a total of 31,430,769 shares of our common stock: 6,200,000 shares valued at $62,000 to a member of our Board of Directors, for accrued services in accordance with a Consulting Agreement with him; 16,000,000 shares valued at $95,200 for accrued exploration and evaluation expenses pursuant to our mineral property option agreements; and 9,230,769 shares valued at $13,846 for conversion of debt.
	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.
	As of December 31, 2014 and 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_10_Stock_Warrants

Note 10: Stock Warrants	12 Months Ended
	Dec. 31, 2014
Notes
Note 10: Stock Warrants	Note 10:  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 December 31, 2014, and changes during the two years then ended is as follows:
			Weighted Average
		Shares	Exercise Price
	Outstanding, December 31, 2012	34,083,333	$   0.08
	Granted	-	-
	Canceled / Expired	-7,333,333	$   0.17
	Exercised	-	-
	Outstanding and exercisable, December 31, 2013	26,750,000	$   0.06
	Granted	5,150,000	$   0.0044
	Canceled / Expired	-12,250,000	$   0.066
	Exercised	-	-
	Outstanding and exercisable, December 31, 2014	19,650,000	$   0.0043
	The following summarizes the exercise price per share and expiration date of our outstanding warrants to purchase common stock at December 31, 2014:
	Expiration Date	Price	Number
	2015	$    0.05	4,000,000
	2017	$    0.06	2,500,000
	2017	$    0.04	4,000,000
	2017	$    0.08	4,000,000
	2017	$    0.05	150,000
	2019	$    0.003	5,000,000
			19,650,000
	During the year ended December 31, 2014, we issued five-year warrants to purchase 5,000,000 shares of our common stock at an exercise price of $0.003 per share (see Note 9).
	During the year ended December 31, 2014, we issued three-year warrants to purchase 150,000 shares of our common stock at an exercise price of $0.05 per share.  The warrants were issued in connection with the extinguishment of debt and were valued at $142 using the Black-Scholes option- pricing model.

Note_11_Stockbased_Compensatio

Note 11: Stock-based Compensation	12 Months Ended
	Dec. 31, 2014
Notes
Note 11: Stock-based Compensation	Note 11:  Stock-Based Compensation
	We account for stock-based compensation in accordance with ASC 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.
	Stock-based compensation expense included in general and administrative expenses for the years ended December 31, 2014 and 2013 was $0 and $2,284, respectively.
	The following table summarizes the stock option activity during the years ended December 31, 2014 and 2013:
		Options	Weighted Average Exercise Price	Weighted Average Remaining Contract Term	Aggregate  Intrinsic Value
	Outstanding at December 31, 2012	7,850,000	$   0.11
	Granted	600,000	$   0.004
	Exercised	-	$         -
	Expired or cancelled	-3,150,000	$   0.13
	Outstanding, vested and exercisable at December 31, 2013	5,300,000	$   0.09	2.2	$     -
	Granted	-	$         -
	Exercised	-	$         -
	Expired or cancelled	-2,000,000	$   0.11
	Outstanding, vested and exercisable at December 31, 2014	3,300,000	$   0.08	2.12	$     -
	The aggregate intrinsic value in the preceding table represents the total pretax intrinsic value, based on our closing stock price of $0.002 and $0.0012 as of December 31, 2014 and 2013, respectively, 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 December 31, 2014, there was no future compensation cost related to non-vested stock-based awards not yet recognized in the consolidated statements of operations and comprehensive income (loss).

Note_12_Income_Taxes

Note 12: Income Taxes	12 Months Ended
	Dec. 31, 2014
Notes
Note 12: Income Taxes	Note 12:  Income Taxes
	The (provision) benefit for income taxes is different than amounts that would be provided by applying the statutory federal income tax rate to income (loss) before income taxes for the following reasons:
		Years Ended December 31,
		2014	2013
	Income tax (provision) benefit at statutory rate	$            (692,657)	$             259,202
	Stock or warrants issued for services and expenses	-21,179	-19,650
	Interest expense	(4,293)	(17,437)
	Other	19,325	22,584
	Change in valuation allowance	698,804	-244,699
	Less accumulated depreciation and amortization	$                         -	$                         -
	Deferred tax assets (liabilities) are comprised of the following at December 31:
		2014	2013
	Net operating loss carry forwards	$        10,941,421	$        10,713,277
	Accrued expenses	28,475	296,720
	Mineral properties	504,558	2,620,535
	Marketable securities	-	170,476
	Depreciation	-26	270
	Stock-based compensation	292,980	292,980
	Other	1,490	1,490
		11,768,898	14,095,748
	Valuation allowance	-11,768,898	-14,095,748
	Net deferred taxes	$                         -	$                        -
	At December 31, 2014, we had a net operating loss carry forward available to offset future taxable income of approximately $32,181,000 that will begin to expire in 2015.  If substantial changes in our ownership should occur, there would also be an annual limitation of the amount of the net operating loss carry forward that could be utilized.
	FASB ASC Topic 718-740, Income Taxes, requires a company to determine whether it is more likely than not that a tax position will be sustained upon examination based upon the technical merits of the position.  If the more-likely-than-non threshold is met, a company must measure the tax position to determine the amount to recognize in the financial statements.  We performed a review of our material tax positions in accordance with recognition and measurement standards established by ASC Topic 718-740.  We have no unrecognized tax benefit that would affect the effective tax rate if recognized.
	We classify interest and penalties arising from the underpayment of income taxes in the statements of operations and comprehensive income (loss) under general and administrative expenses.  As of December 31, 2014 and 2013, we had no accrued interest or penalties related to uncertain tax positions.
	We currently file income tax returns in the U.S. federal jurisdiction and in the state of Utah.  We also have historically conducted operations in Peru, Panama and Canada; however we currently have no operations outside the United States.
	All U.S. federal net operating loss carry forwards through the year ended December 31, 2014 are subject to examination.

Note_13_Consulting_and_Employm

Note 13: Consulting and Employment Agreements	12 Months Ended
	Dec. 31, 2014
Notes
Note 13: Consulting and Employment Agreements	Note 13:  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 to May 2014 when monthly compensation was increased to $9,000.
	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 and, effective May 1, 2014, Mr. Gauger’s compensation was increased to $5,000  per month.  Mr. Gauger is eligible to participate in our stock option plan as approved by the Board of Directors.
	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 each also received 500,000 restricted shares of common stock of the Company.  The Board also approved monthly compensation of $5,000 for Dennis Gauger, Chief Financial Officer, effective May 1, 2014.

Note_14_Legal_Matters

Note 14: Legal Matters	12 Months Ended
	Dec. 31, 2014
Notes
Note 14: Legal Matters	Note 14:  Legal Matters
	On May 22, 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.  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.  The arbitration was originally set to be heard on September 8, 2014 but the new dates set for the arbitration are April 27-29, 2015.
	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 former member of the Board of Directors of the Company.  We subsequently entered into a settlement agreement with Mr. Klein and have removed him from this case.  We intend to vigorously prosecute the case involving Mr. Caldwell to protect our legal and property rights and interests.  Answers and counterclaims have been filed by the remaining defendants, alleging breach of contracts and related claims, all of which have been denied by the Company.  The Company has filed an answer to the counterclaim.  Formal discovery has commenced, and a trial date has been set for September 28, 2015.

Note_15_Related_Party_Transact

Note 15: Related Party Transactions	12 Months Ended
	Dec. 31, 2014
Notes
Note 15: Related Party Transactions	Note 15:  Related Party Transactions
	As more fully discussed in Note 8, at December 31, 2013, amounts due related party was $115,066, comprised of a note to Robert P. Martin, our former Chairman of the Board of Directors.  During the year ended December 31, 2014, we repaid or otherwise settled all amounts due Mr. Martin, including the note principal and related accrued interest payable.
	As discussed in Note 13, we have entered into certain consulting with our officers and directors and have issued shares of our common stock in payment of certain compensation obligations.
	As of December 31, 2014 and 2013, accounts payable included amounts due to related parties of $68,500 and $765,649, respectively.
	During the year ended December 31, 2014, we extinguished debt with related parties and recorded a gain on settlement of related party debt of $461,735 to additional paid-in capital.

Note_16_Supplemental_Statement

Note 16: Supplemental Statement of Cash Flows Information	12 Months Ended
	Dec. 31, 2014
Notes
Note 16: Supplemental Statement of Cash Flows Information	Note 16:  Supplemental Statement of Cash Flows Information
	During the years ended December 31, 2014 and 2013, we made no cash payments for income taxes.
	During the years ended December 31, 2014 and 2013, we made cash payments for interest of $19,457 and $8,958, respectively.
	During the year ended December 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.
	·         Decreased accrued liabilities by $21,600, increased common stock by $6,000 and increased additional paid-in capital by $15,600 for common shares issued for accrued liabilities.
	·         Decreased accounts payable and increased additional paid-in capital by $142 for warrants issued for accounts payable.
	·         Decreased accounts payable and increased additional paid-in capital by $461,735 for related party accounts payable settled and recorded as a contribution to capital.
	·         Decreased marketable securities and increased other comprehensive loss by $38,680 for unrealized loss on marketable securities.
	During the year ended December 31, 2013 we had the following non-cash financing and investing activities:
	·         Decreased accrued liabilities by $157,200, increased common stock by $22,200 and increased additional paid-in capital by $135,000 for common shares issued in payment of accrued consulting fees and exploration and evaluation expenses.
	·         Decreased notes payable by $12,000, increased common stock by $9,230 and increased additional paid-in capital by $2,770 for common shares issued for conversion of debt.

Note_17_Recent_Accounting_Pron

Note 17: Recent Accounting Pronouncements	12 Months Ended
	Dec. 31, 2014
Notes
Note 17: Recent Accounting Pronouncements	Note 17:  Recent Accounting Pronouncements
	In June 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements, Including an Amendment to Variable Interest Entities Guidance in Topic 810, Consolidation. The amendments in this Update remove the financial statement distinction between development stage entities and other reporting entities from U.S. generally accepted accounting principles (“GAAP”).  In addition, the amendments eliminate the requirements for development stage entities to: (1) present inception-to-date information in the statements of income, cash flows and shareholder equity; (2) label the financial statements as those of a development stage entity; (3) disclose a description of the development stage activities in which the entity is engaged; and (4) disclose in the first year in which the entity is no longer a development stage entity that in prior years it had been in the development stage.
	For public entities, the amendments are effective for annual reporting periods beginning after December 15, 2014, and interim periods therein.  Early application of each of the amendments is permitted for any annual reporting period or interim period for which the entity’s financial statements have not yet been issued.  The Company adopted the provisions of ASU No. 2014-10 during its third fiscal quarter ended September 30, 2014, with no impact on its consolidated financial statements.
	In August 2014, the FASB issued ASU No. 2014-15, Presentation of Financial Statements – Going Concern (Subtopic 310-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern.  The amendments in this Update provide guidance in GAAP about management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern and to provide related footnote disclosures.  In doing so, the amendments are intended to reduce diversity in the timing and content of footnote disclosures.  The amendments are effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter.  Early application is permitted.  The Company has not determined the impact of the future adoption of the provisions of ASU No. 2014-15 on its consolidated financial statements.

Note_18_Subsequent_Events

Note 18: Subsequent Events	12 Months Ended
	Dec. 31, 2014
Notes
Note 18: Subsequent Events	Note 18:  Subsequent Events
	We have evaluated events occurring after the date of our accompanying consolidated balance sheet and through the date of the filing of this Annual Report on Form 10-K.  No material subsequent events requiring adjustment to our accompanying consolidated financial statements or requiring disclosure were identified.

Note_2_Significant_Accounting_1

Note 2: Significant Accounting Policies: Accounting Method (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Accounting Method	Accounting Method
	Our consolidated financial statements are prepared by management in conformity with United States generally accepted accounting principles using the accrual method of accounting.  We have elected a December 31 year-end.

Note_2_Significant_Accounting_2

Note 2: Significant Accounting Policies: Reclassifications (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Reclassifications	Reclassifications
	Certain reclassifications have been made to the 2013 consolidated financial statements in order for them to conform to the classifications used for the current year presentation.

Note_2_Significant_Accounting_3

Note 2: Significant Accounting Policies: Concentrations (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Concentrations	Concentrations
	Concentration of Credit Risk — Financial instruments, which could potentially subject us to credit risk, consist primarily of cash bank deposits.  We maintain certain of our cash in bank accounts insured by the Federal Deposit Insurance Corporation up to $250,000.  However, our account balances, at times, may exceed federally insured limits and may be deposited in a foreign bank.  We have not experienced material losses in such accounts, and believe we are not exposed to any significant credit risk with respect to our cash accounts.
	Concentration of Operations — Our operations are all related to the minerals and mining industry.  A reduction in mineral prices or other disturbances in the minerals markets could have an adverse effect on our operations.

Note_2_Significant_Accounting_4

Note 2: Significant Accounting Policies: Use of Estimates (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Use of Estimates	Use of Estimates
	The preparation of financial statements in conformity with United States generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  Differences in these estimates and actual results could be material to our consolidated financial position and results of operations.

Note_2_Significant_Accounting_5

Note 2: Significant Accounting Policies: Cash and Cash Equivalents (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Cash and Cash Equivalents	Cash and Cash Equivalents
	We consider all investments purchased with original maturities of three or fewer months to be cash equivalents.  We had no cash equivalents at December 31, 2014 and 2013.

Note_2_Significant_Accounting_6

Note 2: Significant Accounting Policies: Marketable Securities (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Marketable Securities	Marketable Securities
	Marketable securities consist of investments in common stock of two publicly held mining companies.  The marketable securities are stated at market value, with market value based on market quotes.  Unrealized gains and losses resulting from changes in market value are recorded as other comprehensive income, a component of stockholders’ deficit in our consolidated balance sheet.  Realized gains and losses resulting from the sale or disposition of marketable securities are reflected in net income or loss for the period.  Estimated impairment losses that are determined to be other-than-temporary are included in net income or loss for the period.

Note_2_Significant_Accounting_7

Note 2: Significant Accounting Policies: Property and Equipment (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Property and Equipment	Property and Equipment
	We had no material amounts of depreciable property and equipment at December 31, 2014 and 2013.
	Mine development costs are capitalized after proven and probable reserves have been identified.  Amortization of mine development costs will be calculated using the units-of-production method over the expected life of the operation based on the estimated proven and probable reserves.  As of December 31, 2014 and 2013, we had no mineral properties with capitalized and amortizable mine development costs.
	Expenditures for maintenance and repairs are expensed when incurred and betterments are capitalized.  Gains and losses on sales or dispositions of property and equipment are reflected in net income or loss for the period.
	The cost and accumulated depreciation of property and equipment sold or otherwise disposed of are removed from the accounts and any related gain or loss on disposition is reflected in net income or loss for the period.

Note_2_Significant_Accounting_8

Note 2: Significant Accounting Policies: Mineral Property Acquisition Costs (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Mineral Property Acquisition Costs	Mineral Property Acquisition Costs
	Mineral property acquisition costs are recorded at cost and capitalized where an evaluation of market conditions and other factors imply the acquisition costs are recoverable.  Such factors may include the existence or indication of economically mineable reserves, a market for the subsequent sale of the mineral property, the stage of exploration and evaluation of the property, historical exploration or production data, and the geographic location of the property.  Once a determination has been made that a mineral property has proven or probable reserves that can be produced profitably, depletion of the capitalized acquisition costs will be computed at the commencement of commercial production on the units-of-production basis using estimated proven and probable reserves.  As of December 31, 2014 and 2013, we had no capitalized mineral property acquisition costs.
	Where an evaluation of market conditions and other factors results in uncertainty as to the recoverability of exploration mineral property acquisition costs, the costs are expensed as incurred and included in exploration and evaluation expenses.

Note_2_Significant_Accounting_9

Note 2: Significant Accounting Policies: Exploration and Evaluation Expenses (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Exploration and Evaluation Expenses	Exploration and Evaluation Expenses
	Exploration expenses relating to the search for resources suitable for commercial production, including researching and analyzing historic exploration data, conducting topographical, geological, geochemical and geophysical studies, exploratory drilling, trenching and sampling are expensed as incurred.
	Evaluation expenses relating to the determination of the technical feasibility and commercial viability of a mineral resource, including determining volume and grade of deposits, examining and testing extraction methods, metallurgical or treatment processes, surveying transportation and infrastructure requirements and conducting market and finance studies are expensed as incurred.

Recovered_Sheet1

Note 2: Significant Accounting Policies: Mineral Property Development Costs (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Mineral Property Development Costs	Mineral Property Development Costs
	Mineral property development costs relate to establishing access to an identified mineral reserve and other preparations for commercial production, including infrastructure development, sinking shafts and underground drifts, permanent excavations, and advance removal of overburden and waste rock.
	When it is determined that commercially recoverable reserves exist and a decision is made by management to develop the mineral property, mineral property development costs are capitalized and carried forward until production begins.  The capitalized mineral property development costs are then amortized using the units-of-production method using proven and probable reserves as the mineral resource is mined.

Recovered_Sheet2

Note 2: Significant Accounting Policies: Closure, Reclamation and Remediation Costs (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Closure, Reclamation and Remediation Costs	Closure, Reclamation and Remediation Costs
	Current laws and regulations require certain closure, reclamation and remediation work to be done on mineral properties as a result of exploration, development and operating activities.  We periodically review the activities performed on our mineral properties and make estimates of closure, reclamation and remediation work that will need to be performed as required by those laws and regulations and make estimates of amounts that are expected to be incurred when the closure, reclamation and remediation work is expected to be performed.  Future closure, reclamation and environmental related expenditures are difficult to estimate in many circumstances due to the early stages of investigation, uncertainties associated with defining the nature and extent of environmental contamination, the uncertainties relating to specific reclamation and remediation methods and costs, application and changing of environmental laws, regulations and interpretation by regulatory authorities, the country where the project is located, and the possible participation of other potentially responsible parties.
	At December 31, 2014 and 2013, we had no mining projects that had advanced to the stage where closure, reclamation and remediation costs were required to be accrued.

Recovered_Sheet3

Note 2: Significant Accounting Policies: Property Evaluations and Impairment of Long-lived Assets (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Property Evaluations and Impairment of Long-lived Assets	Property Evaluations and Impairment of Long-Lived Assets
	We review and evaluate the carrying amounts of our mineral properties, capitalized mineral property development costs and related buildings and equipment, and other long-lived assets when events or changes in circumstances indicate that the carrying amount may not be recoverable.  Estimated future net cash flows, on an undiscounted basis, from a property or asset are calculated using estimated recoverable minerals (considering current proven and probable reserves and mineralization expected to be classified as reserves where applicable); estimated future mineral price realization (considering historical and current prices, price trends and related factors); operating, capital and reclamation costs; , and other factors beyond proven and probable reserves such as estimated market value for the property in an arms-length sale.  Reduction in the carrying value of property, plant and equipment, or other long-lived assets, with a corresponding charge to earnings, are recorded to the extent that the estimated future net cash flows are less than the carrying value.
	Estimates of future cash flows are subject to risks and uncertainties.  It is reasonably possible that changes in circumstances could occur which may affect the recoverability of our properties and long-lived assets.

Recovered_Sheet4

Note 2: Significant Accounting Policies: Debt Issuance Costs (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Debt Issuance Costs	Debt Issuance Costs
	Costs incurred with the issuance of notes payable are capitalized and amortized to interest expense through the earlier of the maturity date or repayment of the notes payable.

Recovered_Sheet5

Note 2: Significant Accounting Policies: Derivative For Conversion Feature (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Derivative For Conversion Feature	Derivative for Conversion Feature
	We estimate the fair value of the derivative for the conversion feature of our convertible debt using the Black-Scholes pricing model at the inception of the debt and at each reporting date, recording a derivative liability, debt discount and a gain or loss on derivative liability as applicable.

Recovered_Sheet6

Note 2: Significant Accounting Policies: Fair Value of Financial Instruments (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Fair Value of Financial Instruments	Fair Value of Financial Instruments
	Disclosures about fair value of financial instruments require disclosure of the fair value information, whether or not recognized in our consolidated balance sheet, where it is practicable to estimate that value.  As of December 31, 2014 and 2013, the amounts reported for cash, accrued liabilities, accrued interest payable, certain notes payable and amounts due to related party fair value because of their short maturities.
	In accordance with ASC Topic 820, “Fair Value Measurements and Disclosures,” we measure certain financial instruments at fair value on a recurring basis.  ASC Topic 820 defines fair value, established a framework for measuring fair value in accordance with accounting principles generally accepted in the United States, and expands disclosures about fair value measurements.
	Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.  ASC Topic 820 established a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value.  The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1measurements) and the lowest priority to unobservable inputs (level 3 measurements).  These tiers include:
	Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets;
	Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and
	Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.
	Liabilities measured at fair value on a recurring basis are as follows at December 31, 2013:
		Total	Level 1	Level 2	Level 3
	Derivative liability	$           136,765	$                          -	$                          -	$             136,765
	Convertible notes payable	32,444	-	-	32,444
	Total liabilities measured at    fair value	$           169,209	$                          -	$                          -	$             169,209
	We had no liabilities measured at fair value at December 31, 2014

Recovered_Sheet7

Note 2: Significant Accounting Policies: Revenue Recognition (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Revenue Recognition	Revenue Recognition
	Revenue from the sale of precious metals is recognized when title and risk of ownership passes to the buyer and the collection of sales proceeds is assured.
	Revenue from the rental of drilling equipment is recognized when the agreed upon rental period is completed and the collection of rental proceeds is assured.

Recovered_Sheet8

Note 2: Significant Accounting Policies: Income Taxes (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Income Taxes	Income Taxes
	We recognize a liability or asset for deferred tax consequences of all temporary differences between the tax bases of assets and liabilities and their reported amounts in the financial statements that will result in taxable or deductible amounts in future years when the reported amounts of the assets and liabilities are recovered or settled.  Deferred tax items mainly relate to net operating loss carry forwards and accrued expenses.  These deferred tax assets or liabilities are measured using the enacted tax rates that will be in effect when the differences are expected to reverse.  The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.  Deferred tax assets are reviewed periodically for recoverability, and valuation allowances are provided when it is more likely than not that some or all of the deferred tax assets may not be realized.  As of December 31, 2014 and 2013, we had fully reduced our net deferred tax assets by recording a 100% valuation allowance.

Recovered_Sheet9

Note 2: Significant Accounting Policies: Stock-based Compensation and Equity Transactions (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Stock-based Compensation and Equity Transactions	Stock-Based Compensation and Equity Transactions
	In accordance with ASC Topic 718, Compensation – Stock Compensation, we measure the compensation cost of stock options and other stock-based awards issued to employees and directors pursuant to stock-based compensation plans at fair value at the grant date and recognize compensation expense over the requisite service period for awards expected to vest.
	Except for transactions with employees and directors that are within the scope of ASC Topic 718, all transactions in which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more reliably measurable.  Additionally, in accordance with ASC Topic 505-50, Equity-Based Payments to Non-Employees, we have determined that the dates used to value the transaction are either: (1) the date at which a commitment for performance by the counter party to earn the equity instruments is established; or (2) the date at which the counter party’s performance is complete.

Recovered_Sheet10

Note 2: Significant Accounting Policies: Foreign Currency Transactions (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Foreign Currency Transactions	Foreign Currency Transactions
	At times, certain of our cash accounts may be deposited in a foreign bank.  Gains and losses resulting from translation of such account balances are included in operating results, as are gains and losses from foreign currency transactions.

Recovered_Sheet11

Note 2: Significant Accounting Policies: Comprehensive Income (loss) (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Comprehensive Income (loss)	Comprehensive Income (Loss)
	We present the components of other comprehensive income (loss) in a single continuous consolidated statement of comprehensive income (loss).  For the year ended December 31, 2012, other comprehensive income consists of unrealized gains on our marketable securities.  We had no other comprehensive income or loss for the year ended December 31, 2013.

Recovered_Sheet12

Note 2: Significant Accounting Policies: Earnings Per Common Share (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Earnings Per Common Share	Earnings per Common 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 outstanding common stock equivalents which would arise from the exercise of stock options and warrants using the treasury stock method and the average market price per share during the period.
	For the years ended December 31, 2014 and 2013, there were no common stock equivalents outstanding and, therefore, the computation of basic and diluted earnings per share were the same.  At December 31, 2014, we had outstanding options and warrants to purchase a total of 19,650,000 common shares that could have a future dilutive effect on the calculation of earnings per share.

Recovered_Sheet13

Note 2: Significant Accounting Policies: Fair Value of Financial Instruments: Fair Value, Assets Measured on Recurring Basis (Tables)	12 Months Ended
	Dec. 31, 2014
Tables/Schedules
Fair Value, Assets Measured on Recurring Basis
		Total	Level 1	Level 2	Level 3
	Derivative liability	$           136,765	$                          -	$                          -	$             136,765
	Convertible notes payable	32,444	-	-	32,444
	Total liabilities measured at    fair value	$           169,209	$                          -	$                          -	$             169,209

Note_4_Mineral_Properties_Sche

Note 4: Mineral Properties: Schedule of Payment Obligations Under the terms of the North Springs Agreement (Tables)	12 Months Ended
	Dec. 31, 2014
Tables/Schedules
Schedule of Payment Obligations 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

Note_4_Mineral_Properties_Sche1

Note 4: Mineral Properties: Schedule of Exploration and Evaluation Expenses (Tables)	12 Months Ended
	Dec. 31, 2014
Tables/Schedules
Schedule of Exploration and Evaluation Expenses
		2014	2013
	Mhakari Properties	$           176,177	$           142,400
	North Springs Properties	40,452	13,812
	Total	$           216,629	$           156,212

Note_6_Accrued_Liabilities_Sch

Note 6: Accrued Liabilities: Schedule of Accrued Liabilities (Tables)	12 Months Ended
	Dec. 31, 2014
Tables/Schedules
Schedule of Accrued Liabilities
		2014	2013
	Accrued payroll and related	$             17,500	$             92,643
	Liabilities assumed in Ra acquisition	153,096	166,901
	Put option liability	50,000	120,000
	Legal and consulting fees	145,000	45,000
	Other	12,000	68,793
		$           377,596	$           493,337

Note_7_Notes_Payable_Schedule_

Note 7: Notes Payable: Schedule of Notes Payable (Tables)	12 Months Ended
	Dec. 31, 2014
Tables/Schedules
Schedule of Notes Payable
		31-Dec-14	31-Dec-13
	Convertible notes payable to SV, non-interest bearing, payable September 30, 2012, currently in default	$         500,000	$         500,000
	Convertible note payable to SV, non-interest bearing, payable September 30, 2012, currently in default	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, currently in default	190,000	190,000
	Convertible note payable to Pinnacle, non-interest bearing, payable October 31, 2013, currently in default	250,000	250,000
	Note payable to an equipment supplier, extinguished in 2014	-	175,457
	Convertible notes payable to an institutional investor, net of discount, repaid in 2014	-	32,444
		$      1,353,223	$      1,561,124

Note_7_Notes_Payable_Schedule_1

Note 7: Notes Payable: Schedule of Convertible Note Activity (Tables)	12 Months Ended
	Dec. 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 December 31, 2014	$                -	$                -	($445,881)	$            503,065	($12,626)

Note_7_Notes_Payable_Schedule_2

Note 7: Notes Payable: Schedule of Fair Value of Convertible Note (Tables)	12 Months Ended
	Dec. 31, 2014
Tables/Schedules
Schedule of Fair Value of Convertible Note
	Risk-free interest rate	0.08 –0.025%
	Expected life in years	0.48 - 0.12
	Dividend yield	0%
	Expected volatility	274.75 – 446.16%

Note_10_Stock_Warrants_Schedul

Note 10: Stock Warrants: Schedule of Stockholders' Equity Note, Warrants or Rights (Tables)	12 Months Ended
	Dec. 31, 2014
Tables/Schedules
Schedule of Stockholders' Equity Note, Warrants or Rights
			Weighted Average
		Shares	Exercise Price
	Outstanding, December 31, 2012	34,083,333	$   0.08
	Granted	-	-
	Canceled / Expired	-7,333,333	$   0.17
	Exercised	-	-
	Outstanding and exercisable, December 31, 2013	26,750,000	$   0.06
	Granted	5,150,000	$   0.0044
	Canceled / Expired	-12,250,000	$   0.066
	Exercised	-	-
	Outstanding and exercisable, December 31, 2014	19,650,000	$   0.0043

Note_10_Stock_Warrants_Schedul1

Note 10: Stock Warrants: Schedule Of Exercise Price Per Share Of Outstanding Warrants To Purchase Common Stock (Tables)	12 Months Ended
	Dec. 31, 2014
Tables/Schedules
Schedule Of Exercise Price Per Share Of Outstanding Warrants To Purchase Common Stock
	Expiration Date	Price	Number
	2015	$    0.05	4,000,000
	2017	$    0.06	2,500,000
	2017	$    0.04	4,000,000
	2017	$    0.08	4,000,000
	2017	$    0.05	150,000
	2019	$    0.003	5,000,000
			19,650,000

Note_11_Stockbased_Compensatio1

Note 11: Stock-based Compensation: Schedule of Share-based Compensation, Stock Options, Activity (Tables)	12 Months Ended
	Dec. 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, 2012	7,850,000	$   0.11
	Granted	600,000	$   0.004
	Exercised	-	$         -
	Expired or cancelled	-3,150,000	$   0.13
	Outstanding, vested and exercisable at December 31, 2013	5,300,000	$   0.09	2.2	$     -
	Granted	-	$         -
	Exercised	-	$         -
	Expired or cancelled	-2,000,000	$   0.11
	Outstanding, vested and exercisable at December 31, 2014	3,300,000	$   0.08	2.12	$     -

Note_12_Income_Taxes_Schedule_

Note 12: Income Taxes: Schedule of Effective Income Tax Rate Reconciliation (Tables)	12 Months Ended
	Dec. 31, 2014
Tables/Schedules
Schedule of Effective Income Tax Rate Reconciliation
		Years Ended December 31,
		2014	2013
	Income tax (provision) benefit at statutory rate	$            (692,657)	$             259,202
	Stock or warrants issued for services and expenses	-21,179	-19,650
	Interest expense	(4,293)	(17,437)
	Other	19,325	22,584
	Change in valuation allowance	698,804	-244,699
	Less accumulated depreciation and amortization	$                         -	$                         -

Note_12_Income_Taxes_Schedule_1

Note 12: Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Tables)	12 Months Ended
	Dec. 31, 2014
Tables/Schedules
Schedule of Deferred Tax Assets and Liabilities
		2014	2013
	Net operating loss carry forwards	$        10,941,421	$        10,713,277
	Accrued expenses	28,475	296,720
	Mineral properties	504,558	2,620,535
	Marketable securities	-	170,476
	Depreciation	-26	270
	Stock-based compensation	292,980	292,980
	Other	1,490	1,490
		11,768,898	14,095,748
	Valuation allowance	-11,768,898	-14,095,748
	Net deferred taxes	$                         -	$                        -

Recovered_Sheet14

Note 2: Significant Accounting Policies: Concentrations (Details) (USD $)	Dec. 31, 2014
Details
Cash, FDIC Insured Amount	$250,000

Recovered_Sheet15

Note 2: Significant Accounting Policies: Fair Value of Financial Instruments: Fair Value, Assets Measured on Recurring Basis (Details) (USD $)	Dec. 31, 2014
Derivative Liability, Fair Value, Gross Asset	$136,765
Convertible Notes Payable	32,444
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	169,209
FairValueInputsLevel3Member
Derivative Liability, Fair Value, Gross Asset	136,765
Convertible Notes Payable	32,444
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	$169,209

Recovered_Sheet16

Note 2: Significant Accounting Policies: Earnings Per Common Share (Details)	Dec. 31, 2014
Details
Outstanding Options and Warrants to Purchase	19,650,000

Note_3_Going_Concern_Details

Note 3: Going Concern (Details) (USD $)	Dec. 31, 2014	Apr. 23, 2014	Feb. 18, 2014	Dec. 31, 2013	Dec. 31, 2012
Details
Accumulated deficit	$60,626,496			$62,663,722
Total stockholders' deficit	1,379,437			3,913,037	3,324,009
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_4_Mineral_Properties_Amen

Note 4: Mineral Properties: Amended and Restated Option Agreement, Coyote Fault / Coyote Fault Extension (Details) (USD $)	12 Months Ended
	Dec. 31, 2014
Details
Coyote Amended Option Agreement Cash Payments	$25,500
Coyote Amended Option Agreement Payable	20,000
Coyote Amended Option Agreement Payable Within 60 Days	5,500
Coyote Amended Option Agreement Payable Three Month Anniversary	20,000
Coyote Amended Option Agreement Payable Six Month Anniversary	15,000
Coyote Amended Option Agreement Payable Fifteen Month Anniversary	50,000
Coyote Amended Option Agreement common stock shares	8,000,000
Coyote Amended Option Agreement Common Stock 4 Month Anniversary	7,000,000
Coyote Amended Option Agreement Common Stock 12 Month Anniversary	5,000,000
Work Commitment: Exploration and Development Expenditures	500,000
Work Commitment: Exploration and Development Expenditures Between 18 and 30 Months	500,000
Work Commitment: Exploration and Development Expenditures Between 48 Month Aggregate	2,000,000
Ehancing Safety Earmark Per Contract Year	$10,000

Note_4_Mineral_Properties_Deta

Note 4: Mineral Properties (Details) (USD $)	Jul. 31, 2013	Jun. 30, 2013
Details
Advance Royalty Payments		$5,000
Issued Share of Common Stock for Royalties	1,000,000

Note_4_Mineral_Properties_Sche2

Note 4: Mineral Properties: Schedule of Payment Obligations Under the terms of the North Springs Agreement (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Jul. 31, 2013
Issued Share of Common Stock for Royalties		1,000,000
First Anniversary of Effective Date
Royalty Expense	$10,000
Issued Share of Common Stock for Royalties	1,000,000
Second Anniversary of Effective Date
Royalty Expense	15,000
Issued Share of Common Stock for Royalties	1,000,000
Third Anniversary of Effective Date
Royalty Expense	20,000
Issued Share of Common Stock for Royalties	1,000,000
Fourth Anniversary of Effective Date
Royalty Expense	25,000
Issued Share of Common Stock for Royalties	1,000,000
Fifth Anniversary of Effective Date
Royalty Expense	30,000
Sixth through Tenth Anniversary of Effective Date
Royalty Expense	50,000
Eleventh through Fifteenth Anniversary of Effective Date
Royalty Expense	75,000
Sixteenth and Each Subsequent Anniversary of Effective Date
Royalty Expense	$100,000

Note_4_Mineral_Properties_Sche3

Note 4: Mineral Properties: Schedule of Exploration and Evaluation Expenses (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Exploration and evaluation expenses	$216,629	$156,212
Mhakari Properties
Exploration and evaluation expenses	176,177	142,400
North Springs Properties
Exploration and evaluation expenses	$40,452	$13,812

Note_5_Marketable_Securities_a1

Note 5: Marketable Securities and Sale of Royalty Interest (Details) (USD $)	12 Months Ended		1 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Jan. 31, 2014
Shares of American Mining Corporation common stock	1,250,000
Shares of Win-Eldrich Mines Ltd ('WEX') common stock	3,000,000
Gain (loss) on disposal of assets	$2,515,654	($58,009)
Purchase of marketable securities	124,000
Net Smelter Royal Return Interest
Proceeds from Sale of Other Assets			45,000
WexMember
Gain (loss) on disposal of assets	$7,000

Note_6_Accrued_Liabilities_Sch1

Note 6: Accrued Liabilities: Schedule of Accrued Liabilities (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Details
Accrued payroll and related	$17,500	$92,643
Liabilities assumed in Ra acquisition	153,096	166,901
Put Option Liability	50,000	120,000
Legal and Consulting Fees	145,000	45,000
Other accrued liabilities	12,000	68,793
Accrued liabilities	$377,596	$493,337

Note_7_Notes_Payable_Schedule_3

Note 7: Notes Payable: Schedule of Notes Payable (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Notes payable	$1,353,223	$1,561,124
Notes Payable 1
Notes payable	500,000	500,000
Notes Payable 2
Notes payable	413,223	413,223
Notes Payable 3
Notes payable	190,000	190,000
Notes Payable 4
Notes payable	250,000	250,000
Notes Payable 5
Notes payable		175,457
Notes Payable 6
Notes payable		$32,444

Note_7_Notes_Payable_Details

Note 7: Notes Payable (Details) (USD $)	1 Months Ended			12 Months Ended
	Nov. 30, 2013	Aug. 31, 2013	Jun. 30, 2013	Dec. 31, 2014	Dec. 31, 2013	Nov. 15, 2013	Nov. 05, 2013	Aug. 22, 2013	Jun. 04, 2013
Convertible Notes Payable				$32,444
Debt Instrument, Unamortized Discount						11,000	15,575	32,500	42,500
Debt Issuance Cost	1,500	3,000	3,000
Derivative Liability, Notional Amount						17,238	35,765	55,894	42,093
Amortization of debt discount to interest expense				12,626	51,285
Investor
Convertible Notes Payable						$11,000	$15,575	$32,500	$42,500
Interest Rate						8.00%	8.00%	8.00%	8.00%

Note_7_Notes_Payable_Schedule_4

Note 7: Notes Payable: Schedule of Convertible Note Activity (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Amortization of debt discount to interest expense	($12,626)	($51,285)
Loss on derivative liability	-445,881	-57,794
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
Gain (Loss) on Extinguishment of Debt
Repayments of Debt	503,065
Loss on derivative liability	$503,065

Note_7_Notes_Payable_Schedule_5

Note 7: Notes Payable: Schedule of Fair Value of Convertible Note (Details)	12 Months Ended
	Dec. 31, 2014
Fair Value Assumptions, Expected Dividend Rate	0.00%
Minimum
Fair Value Assumptions, Risk Free Interest Rate	0.08%
Fair Value Assumptions, Expected Term	5 months 23 days
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	446.16%

Note_9_Stockholders_Equity_Det

Note 9: Stockholders' Equity (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
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 Services	51,191,614	31,430,769
Stock issued for accrued expenses	$21,600	$157,200
Stock issued for conversion of debt	67,276	13,846
Stock issued for exploration expense	35,300
Stock issued for cash	10,000
Stock issued for contract services	5,250
Treasury stock shares	415,392	415,392
Treasury stock, 415,392 shares at cost	49,008	49,008
Jeffrey Dahl
Stock issued for accrued expenses		62,000
Exploration and Evaluation Expenses
Stock issued for accrued expenses		95,200
Common Stock
Stock issued for accrued expenses (Shares)	6,000,000	22,200,000
Stock issued for accrued expenses	6,000	22,200
Stock issued for conversion of debt (Shares)	37,191,614	9,230,769
Stock issued for conversion of debt	37,192	9,230
Stock issued for exploration expense (Shares)	6,000,000
Stock issued for exploration expense	6,000
Stock issued for cash (Shares)	5,000,000
Stock issued for cash	5,000
Stock issued for contract services (Shares)	1,500,000
Stock issued for contract services	$1,500
Common Stock | Jeffrey Dahl
Stock issued for accrued expenses (Shares)		6,200,000
Common Stock | Exploration and Evaluation Expenses
Stock issued for accrued expenses (Shares)		16,000,000

Note_10_Stock_Warrants_Schedul2

Note 10: Stock Warrants: Schedule of Stockholders' Equity Note, Warrants or Rights (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Details
Common stock warrants outstanding			34,083,333
Common Stock Warrants Outstanding Weighted Average Price			$0.08
Common Stock Warrants Granted	5,150,000
Common Stock Warrants Granted Weighted Average Price	$0.00
Common Stock Warrants Cancelled	-12,250,000	-7,333,333
Common Stock Warrants Canceled Weighted Average Price	$0.07	$0.17
Common stock warrants outstanding and exercisable	19,650,000	26,750,000
Common Stock Warrants Outstanding and Exercisable Weighted Average Price	$0.00	$0.06

Note_10_Stock_Warrants_Schedul3

Note 10: Stock Warrants: Schedule Of Exercise Price Per Share Of Outstanding Warrants To Purchase Common Stock (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Details
Warrants Exercise Price $0.05 Expires 2015	$0.05
Warrants Exercise Price $0.05 Number Of Shares Expires 2015	4,000,000
Warrants Exercise Price $0.06 Expires 2017	$0.06
Warrants Exercise Price $0.06 Number Of Shares Expires 2017	2,500,000
Warrants Exercise Price $0.04 Expires 2017	$0.04
Warrants Exercise Price $0.04 Number Of Shares Expires 2017	4,000,000
Warrants Exercise Price $0.08 Expires 2017	$0.08
Warrants Exercise Price $0.08 Number Of Shares Expires 2017	4,000,000
Warrants Exercise Price $0.05 Expires 2017	$0.05
Warrants Exercise Price $0.05 Number Of Shares Expires 2017	150,000
Warrants Exercise Price $0.003 Expires 2019	$0.00
Warrants Exercise Price $0.03 Number Of Shares Expires 2019	5,000,000
Common stock warrants outstanding and exercisable	19,650,000	26,750,000

Note_10_Stock_Warrants_Details

Note 10: Stock Warrants (Details)	12 Months Ended
	Dec. 31, 2014
Warrant 1
Stock Issued During Period Shares Issued to Purchase Shares of Common Stock	5,000,000	[1]
Warrant 2
Stock Issued During Period Shares Issued to Purchase Shares of Common Stock	150,000	[2]
[1]	The warrants are exercisable for a period of five years at an exercise price of $0.003
[2]	The warrants are exercisable for a period of three years at an exercise price of $0.05

Note_11_Stockbased_Compensatio2

Note 11: Stock-based Compensation (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Details
Stock-based compensation expense	$0	$2,284

Note_11_Stockbased_Compensatio3

Note 11: Stock-based Compensation: Schedule of Share-based Compensation, Stock Options, Activity (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Details
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	3,300,000	5,300,000	7,850,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$0.08	$0.09	$0.11
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures		600,000
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price		$0.00
Stock Granted, Value, Share-based Compensation, Forfeited	($2,000,000)	($3,150,000)
Share-based Compensation Arrangements by Share-based Payment Award, Options, Expirations in Period, Weighted Average Exercise Price	$0.11	$0.13
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	2 years 1 month 13 days	2 years 2 months 12 days

Note_12_Income_Taxes_Schedule_2

Note 12: Income Taxes: Schedule of Effective Income Tax Rate Reconciliation (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Details
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount	($692,657)	$259,202
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Share-based Compensation Cost, Amount	-21,179	-19,650
Effective Income Tax Rate Reconciliation, Noncontrolling Interest Income (Loss), Amount	-4,293	-17,437
Effective Income Tax Rate Reconciliation, Other Reconciling Items, Amount	19,325	22,584
Income Tax Valuation Allowance	$698,804	($244,699)

Note_12_Income_Taxes_Schedule_3

Note 12: Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Details
Deferred Tax Assets, Capital Loss Carryforwards	$10,941,421	$10,713,277
Deferred Tax Assets, Tax Deferred Expense	28,475	296,720
Mineral Properties, Net	504,558	2,620,535
Marketable Securities		170,476
Deferred tax asset depreciation	-26	270
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost	292,980	292,980
Deferred Tax Assets, Tax Deferred Expense, Other	1,490	1,490
Deferred Tax Assets, Gross	11,768,898	14,095,748
Deferred Tax Assets, Valuation Allowance	($11,768,898)	($14,095,748)

Note_12_Income_Taxes_Details

Note 12: Income Taxes (Details) (USD $)	Dec. 31, 2014
Details
Operating Loss Carryforwards	$32,181,000

Note_13_Consulting_and_Employm1

Note 13: Consulting and Employment Agreements: Donald B. Gunn (Details) (Donald B. Gunn, USD $)	Dec. 31, 2014
Donald B. Gunn
Accrued monthly compensation July through November 2011	$3,000
Accrued monthly compensation December 2011 to May 2014	6,000
Accrued monthly compensation May 2014 forward	$9,000

Note_13_Consulting_and_Employm2

Note 13: Consulting and Employment Agreements: Dennis P. Gauger (Details) (Dennis P. Gauger, USD $)	12 Months Ended
	Dec. 31, 2014
Dennis P. Gauger
Monthly Fee Through June 2013	$5,000
Monthly Fee Remainder Of Contract	7,500
Monthly Fee Effective September 1, 2013	3,000
Accrued monthly compensation May 2014 forward	$5,000

Note_13_Consulting_and_Employm3

Note 13: Consulting and Employment Agreements (Details) (USD $)	Dec. 31, 2014
Donald B. Gunn
Accrued monthly compensation May 2014 forward	$9,000
Jeffrey Dahl
Accrued monthly compensation May 2014 forward	7,000
John Di Girolamo
Accrued monthly compensation May 2014 forward	7,000
Dennis P. Gauger
Accrued monthly compensation May 2014 forward	$5,000

Note_15_Related_Party_Transact1

Note 15: Related Party Transactions (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Amounts due related party		$115,066
Accounts Payable, Related Parties, Current	68,500	765,649
Gain on settlement of related party debt	395,486
Additional Paid-in Capital
Gain on settlement of related party debt	395,486
Additional Paid-in Capital | Related Party Debt
Gain on settlement of related party debt	$461,735

Note_16_Supplemental_Statement1

Note 16: Supplemental Statement of Cash Flows Information (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Interest Paid	$19,457	$8,958
Decreased Accrued Interest Payable For Common Shares Issued In Conversion Of Debt	1,700
Decreased Notes Payable For Common Shares Issued In Conversion Of Debt	15,685
Decreased Debt Discount For Common Shares Issued In Conversion Of Debt	2,967
Decreased Derivative Liability For Common Shares Issued In Conversion Of Debt	52,106
Stock issued for conversion of debt	67,276	13,846
Stock issued for accrued expenses	21,600	157,200
Warrants issued for accounts payable	142
Gain on settlement of related party debt	395,486
Unrealized loss on investments	38,680
Decreased Accrued Liabilities For Common Shares Issued For Conversion Of Debt		12,000
Increased Common Stock For Common Shares Issued For Conversion Of Debt		9,230
Increased Additional Paid-In Capital For Common Shares Issued For Conversion Of Debt		2,770
Common Stock
Stock issued for conversion of debt	37,192	9,230
Stock issued for accrued expenses	6,000	22,200
Additional Paid-in Capital
Stock issued for conversion of debt	30,084	4,616
Stock issued for accrued expenses	15,600	135,000
Warrants issued for accounts payable	142
Gain on settlement of related party debt	395,486
Additional Paid-in Capital | Related Party Debt
Gain on settlement of related party debt	$461,735