Pershing Gold (PGLC) POS AM 26 Aug 14 Prospectus update (post-effective amendment) Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Jun. 30, 2014
Document And Entity Information	'
Entity Registrant Name	'Pershing Gold Corp.
Entity Central Index Key	'0001432196
Document Type	'POS AM
Document Period End Date	30-Jun-14
Amendment Flag	'true
Amendment Description	'This Post-Effective Amendment No. 3 to Form S-1 (this “Post-Effective Amendment”) is being filed pursuant to Section 10 (a)(3) of the Securities Act to update our registration statement on Form S-1 (the “Registration Statement”), which was initially declared effective by the Securities and Exchange Commission on February 12, 2013, (i) to include the information contained in certain periodic filings filed with the SEC, and (ii) make certain other updating revisions to the information contained herein so that such information is current as of the date of filing.
Post Effective Amendment Number	'3
Entity Filer Category	'Smaller Reporting Company

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Jun. 30, 2014	Dec. 31, 2013
CURRENT ASSETS:	'	'
Cash and cash equivalents	$2,822,932	$7,743,107
Restricted cash	2,250,000	2,250,000
Other receivables	43,349	17,276
Prepaid expenses and other current assets	399,032	582,278
Total Current Assets	5,515,313	10,592,661
NON - CURRENT ASSETS:	'	'
Property and equipment, net	6,050,616	6,450,640
Mineral rights - (see Note 5)	16,786,912	16,786,912
Reclamation bond deposit	25,000	25,000
Deposits	'	3,884
Total Non - Current Assets	22,862,528	23,266,436
Total Assets	28,377,841	33,859,097
CURRENT LIABILITIES:	'	'
Accounts payable and accrued expenses	751,454	624,753
Note payable - current portion	23,532	23,036
Total Current Liabilities	774,986	647,789
LONG-TERM LIABILITIES:	'	'
Note payable - long term portion (see Note 7)	29,757	36,474
Total Liabilities	804,743	684,263
Commitments and Contingencies	'	'
STOCKHOLDERS' EQUITY :	'	'
Common stock ($.0001 Par Value; 500,000,000 Shares Authorized; 280,904,023 and 275,917,023 shares issued and 280,284,495 and 275,790,008 outstanding as of June 30, 2014 and December 31, 2013 , respectively)	28,091	27,592
Additional paid-in capital	134,733,556	133,201,209
Treasury stock, at cost, (619,528 and 127,015 shares as of June 30, 2014 and December 31, 2013, respectively )	-225,876	-44,455
Accumulated deficit	-106,962,674	-100,009,513
Total Stockholders' Equity	27,573,098	33,174,834
Total Liabilities and Stockholders' Equity	28,377,841	33,859,097
Convertible Series A Preferred Stock	'	'
STOCKHOLDERS' EQUITY :	'	'
Preferred stock, $0.0001 par value; 50,000,000 authorized	'	'
Convertible Series B Preferred Stock	'	'
STOCKHOLDERS' EQUITY :	'	'
Preferred stock, $0.0001 par value; 50,000,000 authorized	'	'
Convertible Series C Preferred Stock	'	'
STOCKHOLDERS' EQUITY :	'	'
Preferred stock, $0.0001 par value; 50,000,000 authorized	'	'
Convertible Series D Preferred Stock	'	'
STOCKHOLDERS' EQUITY :	'	'
Preferred stock, $0.0001 par value; 50,000,000 authorized	'	'
Convertible Series E Preferred Stock	'	'
STOCKHOLDERS' EQUITY :	'	'
Preferred stock, $0.0001 par value; 50,000,000 authorized	$1	$1

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)

Jun. 30, 2014

Dec. 31, 2013

Dec. 31, 2012

Jun. 30, 2014

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Jun. 30, 2014

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Jun. 30, 2014

Dec. 31, 2013

Dec. 31, 2012

Jun. 30, 2014

Dec. 31, 2013

Dec. 31, 2012

Apr. 11, 2012

Feb. 21, 2012

Jun. 30, 2014

Dec. 31, 2013

Aug. 05, 2013

Dec. 31, 2012

Convertible Series A Preferred Stock

Convertible Series A Preferred Stock

Convertible Series A Preferred Stock

Convertible Series A Preferred Stock

Convertible Series B Preferred Stock

Convertible Series B Preferred Stock

Convertible Series B Preferred Stock

Convertible Series B Preferred Stock

Convertible Series C Preferred Stock

Convertible Series C Preferred Stock

Convertible Series C Preferred Stock

Convertible Series D Preferred Stock

Convertible Series D Preferred Stock

Convertible Series D Preferred Stock

Convertible Series D Preferred Stock

Convertible Series D Preferred Stock

Convertible Series E Preferred Stock

Convertible Series E Preferred Stock

Convertible Series E Preferred Stock

Convertible Series E Preferred Stock

Preferred stock, Par Value (in dollars per share)

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

'

$0.00

$0.00

$0.00

'

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

'

'

$0.00

$0.00

'

$0.00

Preferred stock, Authorized (in shares)

50,000,000

50,000,000

50,000,000

2,250,000

2,250,000

2,250,000

'

8,000,000

8,000,000

8,000,000

'

3,284,396

3,284,396

3,284,396

7,500,000

7,500,000

7,500,000

7,500,000

1,000,000

15,151

15,151

15,151

15,151

Preferred stock, Issued (in shares)

'

'

'

0

0

0

7,500,000

0

0

0

7,500,000

0

0

0

0

0

0

'

'

9,606

11,185

'

0

Preferred stock, Outstanding (in shares)

'

'

'

0

0

0

'

0

0

0

'

0

0

0

0

0

0

'

'

9,606

11,185

'

0

Common stock, Par Value (in dollars per share)

$0.00

$0.00

$0.00

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Common stock, Authorized (in shares)

500,000,000

500,000,000

500,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Common stock, issued (in shares)

280,904,023

275,917,023

266,592,023

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Common stock, Outstanding (in shares)

280,284,495

275,790,008

266,592,023

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Treasury stock, at cost, shares

619,528

127,015

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		6 Months Ended		12 Months Ended		28 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013
Operating expenses:	'	'	'	'	'	'	'
Compensation and related taxes	$1,068,955	$1,439,412	$2,345,083	$3,073,655	$7,076,696	$19,726,749	$27,885,524
Exploration cost	1,346,699	299,603	1,881,425	715,075	3,204,629	5,221,001	10,225,652
Consulting fees	375,258	437,080	653,051	782,613	1,579,211	2,334,297	9,484,687
General and administrative expenses	1,048,361	962,154	2,071,371	2,066,030	3,830,117	4,172,283	9,434,870
Total operating expenses	3,839,273	3,138,249	6,950,930	6,637,373	15,690,653	31,454,330	57,030,733
Operating loss from continuing operations	-3,839,273	-3,138,249	-6,950,930	-6,637,373	-15,690,653	-31,454,330	-57,030,733
OTHER INCOME (EXPENSES):	'	'	'	'	'	'	'
Warrant settlement expense	'	-45,484	'	-45,484	-45,484	-4,883,196	-9,727,680
Realized gain - available for sale securities	'	1,205,000	'	1,656,333	1,656,333	1,490,600	3,146,933
Interest expense and other finance costs, net of interest income	-1,065	-8,995	-2,231	-17,702	-23,584	-11,408,798	-15,947,858
Total other income (expenses) - net	-1,065	1,150,521	-2,231	1,593,147	1,587,265	-17,598,419	-18,596,854
Loss from continuing operations before provision for income taxes	-3,840,338	-1,987,728	-6,953,161	-5,044,226	-14,103,388	-49,052,749	-75,627,587
Net loss attributable to Pershing Gold Corporation	($3,840,338)	($1,987,728)	($6,953,161)	($5,044,226)	($14,103,388)	($49,104,211)	($74,997,737)
Net loss per common share, basic and diluted (in dollars per share)	($0.01)	($0.01)	($0.02)	($0.02)	($0.07)	($0.24)	($0.37)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - Basic and Diluted (in shares)	280,270,650	273,292,023	279,065,711	271,700,310	272,620,776	219,530,283	229,376,312

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:	'	'
Net loss attributable to Pershing Gold Corporation	($6,953,161)	($5,044,226)
Adjustments to reconcile net loss to net cash used in operating activities:	'	'
Depreciation	488,054	487,905
Realized gain - available for sale securities	'	-1,656,333
Stock-based compensation	1,532,846	2,649,620
Changes in operating assets and liabilities:	'	'
Other receivables	-26,073	77,364
Prepaid expenses - current portion and other current assets	187,130	282,221
Accounts payable and accrued expenses	131,607	-133,222
NET CASH USED IN OPERATING ACTIVITIES	-4,639,597	-3,336,671
CASH FLOWS FROM INVESTING ACTIVITIES:	'	'
Net proceeds received from the sale of marketable securities	'	1,656,333
Purchase of property and equipment	-88,030	-23,898
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES	-88,030	1,632,435
CASH FLOWS FROM FINANCING ACTIVITIES:	'	'
Purchase of treasury stock	-181,421	'
Payments on notes payable	-11,127	-9,598
Distribution to former parent company	'	-15,066
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES	-192,548	-24,664
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	-4,920,175	-1,728,900
CASH AND CASH EQUIVALENTS- beginning of year	7,743,107	3,218,191
CASH AND CASH EQUIVALENTS- end of year	2,822,932	1,489,291
Cash paid for:	'	'
Interest	$2,231	$3,132

ORGANIZATION_AND_DESCRIPTION_O

ORGANIZATION AND DESCRIPTION OF BUSINESS	6 Months Ended	12 Months Ended
	Jun. 30, 2014	Dec. 31, 2013
ORGANIZATION AND DESCRIPTION OF BUSINESS	'	'
ORGANIZATION AND DESCRIPTION OF BUSINESS	'	'
	NOTE 1 — ORGANIZATION AND DESCRIPTION OF BUSINESS	NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS
	Organization	Organization
	Pershing Gold Corporation (the “Company”), formerly named Sagebrush Gold Ltd., was incorporated under the laws of the State of Nevada on August 2, 2007. The Company is a gold and precious metals exploration company pursuing exploration and development opportunities primarily in Nevada. The Company is currently focused on exploration of its Relief Canyon properties in Pershing County in northwestern Nevada. None of the Company’s properties contain proven and probable reserves, and all of the Company’s activities on all of its properties are exploratory in nature.	Pershing Gold Corporation (the “Company”), formerly named Sagebrush Gold Ltd., formerly named The Empire Sports & Entertainment Holdings Co. (“Empire”), formerly named Excel Global, Inc., was incorporated under the laws of the State of Nevada on August 2, 2007. On February 27, 2012, the Company changed its name to Pershing Gold Corporation. The Company is a gold and precious metals exploration company pursuing exploration and development opportunities primarily in Nevada. The Company is currently focused on exploration of its Relief Canyon properties in Pershing County in northwestern Nevada. None of the Company’s properties contain proven and probable reserves, and all of the Company’s activities on all of its properties are exploratory in nature.
	A wholly-owned subsidiary, EXCX Funding Corp., a Nevada corporation was formed in January 2011 and held the note payable - related party, which was exchanged for the Company’s Series E Convertible Preferred Stock (“Series E Stock”) and warrants in August 2013 and was cancelled. On April 6, 2014 EXCX Funding Corp. was liquidated and dissolved.	On September 1, 2011, the Company exited the sports and entertainment business and disposed of its Empire subsidiary pursuant to a Stock Purchase Agreement by and between the Company, Empire and Concert International Inc. (“CII”). Pursuant to the stock purchase agreement, the Company agreed to sell to CII its Empire subsidiary, including the 66.67% equity ownership interest in Capital Hoedown Inc. (“Capital Hoedown”), for $500,000. As a result, on September 1, 2011, Empire and Capital Hoedown were no longer subsidiaries of the Company.
	On August 30, 2011, the Company, through its wholly-owned subsidiary, Gold Acquisition Corp. (“Gold Acquisition”) acquired the Relief Canyon Mine property (“Relief Canyon”) located in Pershing County, near Lovelock, Nevada, for an aggregate purchase price consisting of: (i) $12,000,000 cash and (ii) $8,000,000 in senior secured convertible promissory notes.	A wholly-owned subsidiary, EXCX Funding Corp., a Nevada corporation was formed in January 2011 and held the note payable - related party (see Note 10), which was exchanged for the Company’s Series E Convertible Preferred Stock and warrants in August 2013 and was cancelled (see Note 11).
	A wholly-owned subsidiary, Pershing Royalty Company, a Delaware corporation, was formed on May 17, 2012 to hold royalty interests in two gold exploration properties.	On August 30, 2011, the Company, through its wholly-owned subsidiary, Gold Acquisition Corp. (“Gold Acquisition”) acquired the Relief Canyon Mine property (“Relief Canyon”) located in Pershing County, near Lovelock, Nevada, for an aggregate purchase price consisting of: (i) $12,000,000 cash and (ii) $8,000,000 in senior secured convertible promissory notes.
	Going concern	A wholly-owned subsidiary, Pershing Royalty Company, a Delaware corporation, was formed on May 17, 2012 to hold royalty interests in two gold exploration properties (see Note 3).
	The Company is in the exploration stage and does not generate revenues to meet its operating expenses.	Going Concern
	These consolidated financial statements of the Company have been prepared assuming that the Company will continue as a going concern, which contemplates, among other things, the realization of assets and the satisfaction of liabilities in the normal course of business over a reasonable period of time. The Company has incurred a net loss of approximately $7.0 million for the six months ended June 30, 2014, has used $4.6 million of net cash in operations for the six months ended June 30, 2014, has incurred a total cumulative deficit of approximately $107.0 million since its inception and requires capital for its contemplated business and exploration activities to take place. The Company plans to raise additional capital to carry out its business plan. The Company’s ability to raise additional capital through future equity and debt securities issuances is unknown. Obtaining additional financing, the successful development of the Company’s contemplated plan of operations, and its transition, ultimately, to profitable operations are necessary for the Company to continue business. The ability to successfully resolve these factors raises substantial doubt about the Company’s ability to continue as a going concern. The consolidated financial statements of the Company do not include any adjustments that may result from the outcome of the uncertainties.	The Company is in the exploration stage and does not generate revenues to meet its operating expenses.
	In July 2014, the Company completed private placements to accredited investors for the purchase of 35,854,259 shares of its common stock and warrants to purchase 14,341,676 shares of common stock for aggregate net proceeds of approximately $11.1 million (see Note 11).	These consolidated financial statements of the Company have been prepared assuming that the Company will continue as a going concern, which contemplates, among other things, the realization of assets and the satisfaction of liabilities in the normal course of business over a reasonable period of time. The Company has incurred a net loss of approximately $14.0 million for the year ended December 31, 2013, approximately $7.2 million of net cash was used in operations for the year ended December 31, 2013 and has incurred a total accumulated deficit of approximately $100.0 million since its inception and requires capital for its contemplated operational and continued exploration activities. The Company plans to raise additional capital to carry out its business plan. The Company’s ability to raise additional capital through future equity and debt securities issuances is unknown. Obtaining additional financing, the successful development of the Company’s contemplated plan of operations, and its transition, ultimately, to profitable operations are necessary for the Company to continue operations. The ability to successfully resolve these factors raises substantial doubt about the Company’s ability to continue as a going concern. The audited consolidated financial statements of the Company do not include any adjustments that may result from the outcome of the uncertainties.
	In August 2013, the Company completed a private placement to several accredited investors for the purchase of 10,533 shares of its Series E Stock and warrants to purchase 12,639,600 shares of common stock for aggregate net proceeds of approximately $10.2 million (see Note 8).	In August 2013, the Company completed a private placement to several accredited investors for the purchase of 10,533 shares of its Series E Convertible Preferred Stock (“Series E”) and 12,639,600 warrants to purchase shares of common stock for aggregate net proceeds of approximately $10.2  million (see Note 11).
	In addition, in August 2013, the Company issued 652 shares of its Series E Stock and warrants to purchase 782,400 shares of common stock in exchange for the cancellation of a note payable — related party and accrued interest totaling approximately $646,000 (see Note 8).	In addition, in August 2013, the Company issued 652 shares of its Series E stock and 782,400 warrants to purchase shares of common stock in exchange for the cancellation of a note payable — related party and accrued interest totaling approximately $646,000 (see Note 10).

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended	12 Months Ended
	Jun. 30, 2014	Dec. 31, 2013
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'	'
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'	'
	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Basis of presentation and principles of consolidation	Basis of Presentation and Principle of Consolidation
	The consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (“US GAAP”) and present the consolidated financial statements of the Company as of June 30, 2014. All intercompany transactions and balances have been eliminated. All adjustments (consisting of normal recurring items) necessary to present fairly the Company’s financial position as of June 30, 2014, and the results of operations and cash flows for the six months ended June 30, 2014 have been included. The results of operations for the six months ended June 30, 2014 are not necessarily indicative of the results to be expected for the full year. The accounting policies and procedures employed in the preparation of these consolidated financial statements have been derived from the audited financial statements of the Company for the fiscal year ended December 31, 2013, which are contained in the Company’s Form 10-K as filed with the Securities and Exchange Commission (“SEC”) on March 26, 2014. The consolidated balance sheet as of December 31, 2013, contained herein, was derived from those financial statements.	The consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (“US GAAP”) and present the consolidated financial statements of the Company and its majority-owned subsidiaries as of December 31, 2013. In the preparation of the consolidated financial statements of the Company, intercompany transactions and balances are eliminated and net earnings are reduced by the portion of the net earnings of subsidiaries applicable to non-controlling interests.
	Use of estimates	Exploration Stage Company
	In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated balance sheet, and revenues and expenses for the period then ended. Actual results may differ significantly from those estimates. Significant estimates made by management include, but are not limited to, allowance for bad debts, the useful life of property and equipment, the assumptions used to calculate fair value of options and warrants granted and derivative liability, beneficial conversion on convertible notes payable and preferred stock, capitalized mineral rights, asset valuations, common stock issued for services, common stock issued for conversion of notes and common stock issued in connection with an acquisition.	The Company is a gold and precious metals exploration company pursuing exploration and development opportunities primarily in Nevada. The Company has been in the exploration stage since September 1, 2011 and has not yet realized any revenues from its planned operations. The Company is an exploration stage company as defined in Financial Accounting Standards Board (“FASB”) issued Accounting Standards Codification (“ASC”) ASC 915 “Development Stage Entities”.
	Cash and cash equivalents	Use of Estimates and Assumptions
	The Company considers all highly liquid investments with a maturity of three months or less when acquired to be cash equivalents. The Company places its cash with high credit quality financial institutions. The Company’s accounts at these institutions are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000. At June 30, 2014, the Company had bank balances exceeding the FDIC insurance limit on interest bearing accounts. To reduce its risk associated with the failure of such financial institutions, the Company evaluates at least annually the rating of the financial institutions in which it holds deposits.	In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated balance sheet, and revenues and expenses for the period then ended. Actual results may differ significantly from those estimates. Significant estimates made by management include, but are not limited to, allowance for bad debts, the useful life of property and equipment, the assumptions used to calculate fair value of options and warrants granted and derivative liability, beneficial conversion on convertible notes payable and preferred stock, capitalized mineral rights, asset valuations, common stock issued for services, common stock issued for conversion of notes and common stock issued in connection with an acquisition.
	Restricted cash	Non-Controlling Interests in Consolidated Financial Statements
	Restricted cash consists of cash and investments which are held as collateral under a surface management surety bond issued on the Company’s behalf.	Issued in December 2007, ASC 810-10-65, “Non-controlling Interests in Consolidated Financial Statements” clarifies that a non-controlling (minority) interest in a subsidiary is an ownership interest in the entity that should be reported as equity in the consolidated financial statements. It also requires consolidated net income to include the amounts attributable to both the parent and non-controlling interest, with disclosure on the face of the consolidated income statement of the amounts attributed to the parent and to the non-controlling interest. In accordance with ASC 810-10-45-21, those losses attributable to the parent and the non-controlling interest in subsidiary may exceed their interests in the subsidiary’s equity. The excess and any further losses attributable to the parent and the non-controlling interest shall be attributed to those interests even if that attribution results in a deficit non-controlling interest balance.
	Marketable securities	Cash and Cash Equivalents
	Marketable securities consist of the Company’s investment in publicly traded equity securities and are generally restricted for sale under Federal securities laws. The Company’s policy is to liquidate securities received when market conditions are favorable for sale. Since these securities are often restricted, the Company is unable to liquidate them until the restriction is removed. Marketable securities that are bought and held principally for the purpose of selling them in the near term are to be classified as trading securities and reported at fair value, with unrealized gains and losses included in earnings. Pursuant to ASC Topic 320, “Investments — Debt and Equity Securities,” the Company’s marketable securities have a readily determinable and active quoted price, such as from NASDAQ, NYSE Euronext, the Over the Counter Bulletin Board, and the OTC Markets Group.	The Company considers all highly liquid investments with a maturity of three months or less when acquired to be cash equivalents. The Company places its cash with a high credit quality financial institution. The Company’s accounts at this institution are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000. At December 31, 2013, the Company had bank balances exceeding the FDIC insurance limit on interest bearing accounts. To reduce its risk associated with the failure of such financial institution, the Company evaluates at least annually the rating of the financial institution in which it holds deposits.
	Trading securities are carried at fair value, with changes in unrealized holding gains and losses included in income and classified within interest and other income, net, in the accompanying consolidated statements of operations.	Restricted Cash
	Available for sale securities are carried at fair value, with changes in unrealized gains or losses are recognized as an element of comprehensive income based on changes in the fair value of the security. Once liquidated, realized gains or losses on the sale of marketable securities available for sale are reflected in the net income (loss) for the period in which the security was liquidated.	Restricted cash consists of cash and investments which are held as collateral under a surface management surety bond issued on the Company’s behalf.
	Fair value of financial instruments	Marketable Securities
	The Company adopted ASC 820, “Fair Value Measurements and Disclosures” (“ASC 820”), for assets and liabilities measured at fair value on a recurring basis. ASC 820 establishes a common definition for fair value to be applied to existing generally accepted accounting principles that require the use of fair value measurements, establishes a framework for measuring fair value and expands disclosure about such fair value measurements. The adoption of ASC 820 did not have an impact on the Company’s financial position or operating results, but did expand certain disclosures.	Marketable securities consist of the Company’s investment in publicly traded equity securities and are generally restricted for sale under Federal securities laws. The Company’s policy is to liquidate securities received when market conditions are favorable for sale. Since these securities are often restricted, the Company is unable to liquidate them until the restriction is removed. Marketable securities that are bought and held principally for the purpose of selling them in the near term are to be classified as trading securities and reported at fair value, with unrealized gains and losses included in earnings. Pursuant to ASC Topic 320, “Investments — Debt and Equity Securities,” the Company’s marketable securities have a readily determinable and active quoted price, such as from NASDAQ, NYSE Euronext, the Over the Counter Bulletin Board, and the OTC Markets Group.
	ASC 820 defines fair value 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. Additionally, ASC 820 requires the use of valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs.	Trading securities are carried at fair value, with changes in unrealized holding gains and losses included in income and classified within interest and other income, net, in the accompanying consolidated statements of operations.
	These inputs are prioritized below:	Available for sale securities are carried at fair value, with changes in unrealized gains or losses are recognized as an element of comprehensive income based on changes in the fair value of the security. Once liquidated, realized gains or losses on the sale of marketable securities available for sale are reflected in the net income (loss) for the period in which the security was liquidated.
	Level 1:                 Observable inputs such as quoted market prices in active markets for identical assets or liabilities	Fair Value of Financial Instruments
	Level 2:                 Observable market-based inputs or unobservable inputs that are corroborated by market data
	Level 3:                 Unobservable inputs for which there is little or no market data, which require the use of the reporting entity’s own assumptions.	The Company adopted ASC 820, “Fair Value Measurements and Disclosures” (“ASC 820”), for assets and liabilities measured at fair value on a recurring basis. ASC 820 establishes a common definition for fair value to be applied to existing generally accepted accounting principles that require the use of fair value measurements, establishes a framework for measuring fair value and expands disclosure about such fair value measurements. The adoption of ASC 820 did not have an impact on the Company’s financial position or operating results, but did expand certain disclosures.
	The Company analyzes all financial instruments with features of both liabilities and equity under the FASB’s accounting standard for such instruments. Under this standard, financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.	ASC 820 defines fair value 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. Additionally, ASC 820 requires the use of valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. These inputs are prioritized below:
	Depending on the product and the terms of the transaction, the fair value of notes payable and derivative liabilities were modeled using a series of techniques, including closed-form analytic formula, such as the Black-Scholes option-pricing model.	Level 1:                                 Observable inputs such as quoted market prices in active markets for identical assets or Liabilities
		Level 2:                                 Observable market-based inputs or unobservable inputs that are corroborated by market data
	The Company classified the investments in marketable securities available for sale as Level 3, adjusted for the effect of restriction. The securities were restricted and cannot be readily resold by the Company absent a registration of the sale of those securities under the Securities Act of 1933, as amended (the “Securities Act”) or the availability of an exemption from registration. Unrealized gains or losses on marketable securities available for sale were recognized as an element of comprehensive income based on changes in the fair value of the security. Once liquidated, realized gains or losses on the sale of marketable securities available for sale were reflected in net income for the period in which the security was liquidated. At the end of each period, the Company evaluated the carrying value of the marketable securities for a decrease in value. The Company evaluated the entity underlying these marketable securities to determine whether a decline in fair value below the amortized cost basis is other than temporary. If the decline in fair value is judged to be “other- than- temporary”, the cost basis of the individual security is written down to fair value as a new cost basis and the amount of the write-down is charged to earnings.	Level 3:                                 Unobservable inputs for which there is little or no market data, which require the use of the reporting entity’s own assumptions.
	The carrying amounts reported in the consolidated balance sheets for cash and cash equivalents, prepaid expenses, accounts payable and accrued expenses approximate their estimated fair market values based on the short-term maturity of these instruments. The carrying amount of the note payable at June 30, 2014 approximates its respective fair value based on the Company’s incremental borrowing rate.	The Company analyzes all financial instruments with features of both liabilities and equity under the FASB’s accounting standard for such instruments. Under this standard, financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.
	Prepaid expenses	Depending on the product and the terms of the transaction, the fair value of notes payable and derivative liabilities were modeled using a series of techniques, including a closed-form analytic formula, such as the Black-Scholes option-pricing model.
	Prepaid expenses of $399,032 and $582,278 at June 30, 2014 and December 31, 2013, respectively, consist primarily of costs paid for future services which will occur within a year. Prepaid expenses principally include prepayments for consulting and business advisory services, insurance premiums, drilling services, and mineral lease fees which are being amortized over the terms of their respective agreements.	The Company classified the investments in marketable securities available for sale as Level 3, adjusted for the effect of restriction. The securities were restricted and cannot be readily resold by the Company absent a registration of the sale of those securities under the Securities Act of 1933 as amended (the “Securities Act”) or the availability of an exemption from the registration. Unrealized gains or losses on marketable securities available for sale were recognized as an element of comprehensive income based on changes in the fair value of the security. Once liquidated, realized gains or losses on the sale of marketable securities available for sale were reflected in net income for the period in which the security was liquidated. At the end of each period, the Company evaluated the carrying value of the marketable securities for a decrease in value. The Company evaluated the entity underlying these marketable securities to determine whether a decline in fair value below the amortized cost basis is other than temporary. If the decline in fair value is judged to be “other- than- temporary”, the cost basis of the individual security is written down to fair value as a new cost basis and the amount of the write-down is charged to earnings.
	Mineral property acquisition and exploration costs	The carrying amounts reported in the consolidated balance sheets for cash and cash equivalents, prepaid expenses, accounts payable and accrued expenses approximate their estimated fair market value based on the short-term maturity of these instruments. The carrying amount of the notes payable at December 31, 2013 approximate their respective fair value based on the Company’s incremental borrowing rate.
	Costs of lease, exploration, carrying and retaining unproven mineral lease properties are expensed as incurred. The Company expenses all mineral exploration costs as incurred as it is still in the exploration stage. If the Company identifies proven and probable reserves in its investigation of its properties and upon development of a plan for operating a mine, it would enter the development stage and capitalize future costs until production is established. When a property reaches the production stage, the related capitalized costs are amortized using the units-of-production method over the estimated life of the proven and probable reserves. If in the future the Company has capitalized mineral properties, these properties will be periodically assessed for impairment. To date, the Company has not established the commercial feasibility of any exploration prospects; therefore, all exploration costs are being expensed. During the six months ended June 30, 2014 and 2013, the Company incurred exploration cost of $1,881,425 and $715,075, respectively.	Prepaid Expenses and Other Current Assets
	ASC 930-805, “Extractive Activities-Mining: Business Combinations” (“ASC 930-805”), states that mineral rights consist of the legal right to explore, extract, and retain at least a portion of the benefits from mineral deposits. Mining assets include mineral rights. Acquired mineral rights are considered tangible assets under ASC 930-805. ASC 930-805 requires that mineral rights be recognized at fair value as of the acquisition date. As a result, the direct costs to acquire mineral rights are initially capitalized as tangible assets. Mineral rights include costs associated with acquiring patented and unpatented mining claims.	Prepaid expenses of $582,278 and $502,837 at December 31, 2013 and 2012, respectively, consist primarily of costs paid for future services which will occur within a year. Prepaid expenses principally include prepayments for consulting and business advisory services, insurance premiums, surface management surety bond premium, and mineral lease fees which are being amortized over the terms of their respective agreements.
	ASC 930-805-30-1 and 30-2 provides that in fair valuing mineral assets, an acquirer should take into account both:	Mineral Property Acquisition and Exploration Costs
	·                                          The value beyond proven and probable reserves (“VBPP”) to the extent that a market participant would include VBPP in determining the fair value of the assets.	Costs of lease, exploration, carrying and retaining unproven mineral lease properties are expensed as incurred. The Company expenses all mineral exploration costs as incurred as it is still in the exploration stage. If the Company identifies proven and probable reserves in its investigation of its properties and upon development of a plan for operating a mine, it would enter the development stage and capitalize future costs until production is established. When a property reaches the production stage, the related capitalized costs are amortized using the units-of-production method over the estimated life of the proven and probable reserves. If in the future the Company has capitalized mineral properties, these properties will be periodically assessed for impairment. To date, the Company has not established the commercial feasibility of any exploration prospects; therefore, all costs are being expensed. During the years ended December 31, 2013 and 2012, the Company incurred exploration cost of $3,204,629 and $5,221,001, respectively.
	·                                          The effects of anticipated fluctuations in the future market price of minerals in a manner that is consistent with the expectations of market participants.	ASC 930-805, “Extractive Activities-Mining: Business Combinations” (“ASC 930-805”), states that mineral rights consist of the legal right to explore, extract, and retain at least a portion of the benefits from mineral deposits. Mining assets include mineral rights. Acquired mineral rights are considered tangible assets under ASC 930-805. ASC 930-805 requires that mineral rights be recognized at fair value as of the acquisition date. As a result, the direct costs to acquire mineral rights are initially capitalized as tangible assets. Mineral rights include costs associated with acquiring patented and unpatented mining claims.
	Property and equipment	ASC 930-805-30-1 and 30-2 provides that in fair valuing mineral assets, an acquirer should take into account both:
	Property and equipment are carried at cost. The cost of repairs and maintenance is expensed as incurred; major replacements and improvements are capitalized. When assets are retired or disposed of, the cost and accumulated depreciation are removed from the accounts, and any resulting gains or losses are included in income in the year of disposition. Depreciation is calculated on a straight-line basis over the estimated useful life of the assets, generally one to twenty five years.	·                                          The value beyond proven and probable reserves (“VBPP”) to the extent that a market participant would include VBPP in determining the fair value of the assets.
	Impairment of long-lived assets	·                                          The effects of anticipated fluctuations in the future market price of minerals in a manner that is consistent with the expectations of market participants.
	The Company accounts for the impairment or disposal of long-lived assets according to the ASC 360 “Property, Plant and Equipment”. The Company continually monitors events and changes in circumstances that could indicate that the carrying amounts of long-lived assets, including mineral rights, may not be recoverable. Long-lived assets in the exploration stage are monitored for impairment based on factors such as the Company’s continued right to explore the area, exploration reports, assays, technical reports, drill results and the Company’s continued plans to fund exploration programs on the property, and whether sufficient work has been performed to indicate that the carrying amount of the mineral property cost carried forward as an asset will not be fully recovered. The tests for long-lived assets in the exploration stage are monitored for impairment based on factors such as current market value of the long-lived assets and results of exploration, future asset utilization, business climate, mineral prices and future undiscounted cash flows expected to result from the use of the related assets.	Property and Equipment
	Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the estimated future net undiscounted cash flows expected to be generated by the asset. When necessary, impaired assets are written down to estimated fair value based on the best information available. Estimated fair value is generally based on either appraised value or measured by discounting estimated future cash flows. Considerable management judgment is necessary to estimate discounted future cash flows. Accordingly, actual results could vary significantly from such estimates. The Company recognizes an impairment loss when the sum of expected undiscounted future cash flows is less than the carrying amount of the asset. The Company did not record any impairment charges of its long-lived assets at June 30, 2014 and December 31, 2013, respectively.	Property and equipment are carried at cost. The cost of repairs and maintenance is expensed as incurred; major replacements and improvements are capitalized. When assets are retired or disposed of, the cost and accumulated depreciation are removed from the accounts, and any resulting gains or losses are included in income in the year of disposition. Depreciation is calculated on a straight-line basis over the estimated useful life of the assets, generally one to twenty five years.
	Income taxes	Impairment of Long-lived Assets
	The Company accounts for income taxes pursuant to the provision of ASC 740-10, “Accounting for Income Taxes” (“ASC 740-10”) which requires, among other things, an asset and liability approach to calculating deferred income taxes. The asset and liability approach requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax bases of assets and liabilities. A valuation allowance is provided to offset any net deferred tax assets for which management believes it is more likely than not that the net deferred asset will not be realized.	The Company accounts for the impairment or disposal of long-lived assets according to the ASC 360 “Property, Plant and Equipment”. The Company continually monitors events and changes in circumstances that could indicate that the carrying amounts of long-lived assets, including mineral rights, may not be recoverable. Long-lived assets in the exploration stage are monitored for impairment based on factors such as the Company’s continued right to explore the area, exploration reports, assays, technical reports, drill results and the Company’s continued plans to fund exploration programs on the property, and whether sufficient work has been performed to indicate that the carrying amount of the mineral property cost carried forward as an asset will not be fully recovered. The tests for long-lived assets in the exploration stage would be monitored for impairment based on factors such as current market value of the long-lived assets and results of exploration, future asset utilization, business climate, mineral prices and future undiscounted cash flows expected to result from the use of the related assets.
	The Company follows the provision of ASC 740-10 related to Accounting for Uncertain Income Tax Position. When tax returns are filed, there may be uncertainty about the merits of positions taken or the amount of the position that would be ultimately sustained. In accordance with the guidance of ASC 740-10, the benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions.	Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the estimated future net undiscounted cash flows expected to be generated by the asset. When necessary, impaired assets are written down to estimated fair value based on the best information available. Estimated fair value is generally based on either appraised value or measured by discounting estimated future cash flows. Considerable management judgment is necessary to estimate discounted future cash flows. Accordingly, actual results could vary significantly from such estimates. The Company recognizes an impairment loss when the sum of expected undiscounted future cash flows is less than the carrying amount of the asset. The Company did not consider it necessary to record any impairment charges of its long-lived assets at December 31, 2013 and 2012, respectively.
	Tax positions that meet the more likely than not recognition threshold are measured at the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefit associated with tax positions taken that exceed the amount measured as described above should be reflected as a liability for uncertain tax benefits in the accompanying balance sheet along with any associated interest and penalties that would be payable to the taxing authorities upon examination. The Company believes its tax positions are all highly certain of being upheld upon examination. As such, the Company has not recorded a liability for uncertain tax benefits.	Income Taxes
	The Company has adopted ASC 740-10-25, “Definition of Settlement”, which provides guidance on how an entity should determine whether a tax position is effectively settled for the purpose of recognizing previously unrecognized tax benefits and provides that a tax position can be effectively settled upon the completion and examination by a taxing authority without being legally extinguished. For tax positions considered effectively settled, an entity would recognize the full amount of tax benefit, even if the tax position is not considered more likely than not to be sustained based solely on the basis of its technical merits and the statute of limitations remains open.  The federal and state income tax returns of the Company are subject to examination by the IRS and state taxing authorities, generally for three years after they were filed.	The Company accounts for income taxes pursuant to the provision of ASC 740-10, “Accounting for Income Taxes” (“ASC 740-10”) which requires, among other things, an asset and liability approach to calculating deferred income taxes. The asset and liability approach requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax bases of assets and liabilities. A valuation allowance is provided to offset any net deferred tax assets for which management believes it is more likely than not that the net deferred asset will not be realized.
	Stock-based compensation	The Company follows the provision of ASC 740-10 related to Accounting for Uncertain Income Tax Position. When tax returns are filed, there may be uncertainty about the merits of positions taken or the amount of the position that would be ultimately sustained. In accordance with the guidance of ASC 740-10, the benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions.
	Stock-based compensation is accounted for based on the requirements of the Share-Based Payment Topic of ASC 718, “Compensation — Stock Compensation”, which requires recognition in the consolidated financial statements of the cost of employee and director services received in exchange for an award of equity instruments over the period the employee or director is required to perform the services in exchange for the award (presumptively, the vesting period). The ASC also requires measurement of the cost of employee and director services received in exchange for an award based on the grant-date fair value of the award.	Tax positions that meet the more likely than not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above should be reflected as a liability for uncertain tax benefits in the accompanying balance sheet along with any associated interest and penalties that would be payable to the taxing authorities upon examination. The Company believes its tax positions are all highly certain of being upheld upon examination. As such, the Company has not recorded a liability for uncertain tax benefits.
	Pursuant to ASC Topic 505-50, “Equity Based Payments to Non-employees”, for share-based payments to consultants and other third-parties, compensation expense is determined at the “measurement date.” The expense is recognized over the vesting period of the award. Until the measurement date is reached, the total amount of compensation expense remains uncertain. The Company initially records compensation expense based on the fair value of the award at the reporting date.	The Company has adopted ASC 740-10-25, “Definition of Settlement”, which provides guidance on how an entity should determine whether a tax position is effectively settled for the purpose of recognizing previously unrecognized tax benefits and provides that a tax position can be effectively settled upon the completion and examination by a taxing authority without being legally extinguished. For tax positions considered effectively settled, an entity would recognize the full amount of tax benefit, even if the tax position is not considered more likely than not to be sustained based solely on the basis of its technical merits and the statute of limitations remains open.  The federal and state income tax returns of the Company are subject to examination by the IRS and state taxing authorities, generally for three years after they were filed.
	Treasury stock	Stock-based Compensation
	Treasury stock is accounted for using the cost method, with the purchase price of the common stock recorded separately as a deduction from stockholders’ equity.	Stock-based compensation is accounted for based on the requirements of the Share-Based Payment Topic of ASC 718, “Compensation — Stock Compensation”, (“ASC 718”) which requires recognition in the consolidated financial statements of the cost of employee and director services received in exchange for an award of equity instruments over the period the employee or director is required to perform the services in exchange for the award (presumptively, the vesting period). ASC 718 also requires measurement of the cost of employee and director services received in exchange for an award based on the grant-date fair value of the award.
	Related party transaction	Pursuant to ASC Topic 505-50, “Equity Based Payments to Non-employees”, for share-based payments to consultants and other third-parties, compensation expense is determined at the “measurement date.” The expense is recognized over the vesting period of the award. Until the measurement date is reached, the total amount of compensation expense remains uncertain. The Company initially records compensation expense based on the fair value of the award at the reporting date.
	Parties are considered to be related to the Company if the parties, directly or indirectly, through one or more intermediaries, control, are controlled by, or are under common control with the Company. Related parties also include principal owners of the Company, its management, members of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. The Company discloses all related party transactions.	Treasury Stock
	Recent accounting pronouncements	Treasury stock is accounted for using the cost method, with the purchase price of the common stock recorded separately as a deduction from stockholders’ equity.
	In July 2013, the FASB issued ASU 2013-11, “Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists” (“ASU 2013-11”). ASU 2013-11 provides guidance on the presentation of unrecognized tax benefits related to any disallowed portion of net operating loss carryforwards, similar tax losses, or tax credit carryforwards, if they exist.  ASU 2013-11 is effective for fiscal years beginning after December 15, 2013. The adoption of ASU 2013-11 is not expected to have a material impact on the Company’s consolidated financial statements.	Recent Accounting Pronouncements
	In June 2014, the FASB issued ASU 2014-10, “Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements”. ASU 2014-10 eliminates the distinction of a development stage entity and certain related disclosure requirements, including the elimination of inception-to-date information on the statements of operations, cash flows and stockholders’ equity. The amendments in ASU 2014-10 will be effective prospectively for annual reporting periods beginning after December 15, 2014, and interim periods within those annual periods; however early adoption is permitted. The Company evaluated and adopted ASU 2014-10 for the interim reporting period ended June 30, 2014.	In January 2014, the FASB issued ASU No. 2014-04, “Receivables-Troubled Debt Restructurings by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure (a consensus of the FASB Emerging Issues Task Force)”, which clarifies that an in substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. The amendments in this Update are effective for public business entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. Early adoption is permitted. The adoption of this amendment is not expected to have a significant impact on the Company’s consolidated financial statements.
	Other accounting standards that have been issued or proposed by FASB that do not require adoption until a future date are not expected to have a material impact on the consolidated financial statements upon adoption. The Company does not discuss recent pronouncements that are not anticipated to have an impact on or are unrelated to its financial condition, results of operations, cash flows or disclosures.	In July 2013, the FASB issued ASU 2013-11, “Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists” (“ASU 2013-11”). ASU 2013-11 provides guidance on the presentation of unrecognized tax benefits related to any disallowed portion of net operating loss carryforwards, similar tax losses, or tax credit carryforwards, if they exist. ASU 2013-11 is effective for fiscal years beginning after December 15, 2013. The adoption of ASU 2013-11 is not expected to have a material impact on the Company’s consolidated financial statements.
		Other accounting standards that have been issued or proposed by FASB that do not require adoption until a future date are not expected to have a material impact on the consolidated financial statements upon adoption. The Company does not discuss recent pronouncements that are not anticipated to have an impact on or are unrelated to its financial condition, results of operations, cash flows or disclosures.

MARKETABLE_SECURITIES

MARKETABLE SECURITIES	6 Months Ended	12 Months Ended
	Jun. 30, 2014	Dec. 31, 2013
MARKETABLE SECURITIES	'	'
MARKETABLE SECURITIES	'	'
	NOTE 3 — MARKETABLE SECURITIES	NOTE 4 — MARKETABLE SECURITIES
	In January 2013, the Company sold the remaining 1,513,333 shares of American Strategic Minerals Corp. common stock it owned in a private transaction and generated net proceeds of $151,333. Between February 2013 and May 2013, the Company sold the 25,000,000 shares of Valor Gold Corp. common stock in private transactions and generated net proceeds of $1,505,000.  The Company recorded a realized gain — available for sale securities of $0 and $1,656,333 during the six months ended June 30, 2014 and 2013, respectively.	Marketable securities at December 31, 2013 and 2012 consisted of the following:
			Cost		Gross		Gross		Realized Gain from		Fair Value
					Unrealized		Unrealized		Sale of Securities
					Gains		Losses
		Marketable securities — available for sale	—		—		—		1,656,333		—
		For the year ended December 31, 2013	$	—	$	—	$	—	$	1,656,333	$	—
			Cost		Gross		Gross		Realized Gain from		Fair Value
					Unrealized		Unrealized		Sale of Securities
					Gains		Losses
		Marketable securities — available for sale	—		—		—		1,490,600		—
		For the year ended December 31, 2012	$	—	$	—	$	—	$	1,490,600	$	—
		Marketable securities - trading are carried at fair value, with changes in unrealized holding gains and losses included in income and classified within interest and other income, net, in the accompanying consolidated statements of operations. Unrealized gains or losses on marketable securities - available for sale are recognized on a periodic basis as an element of comprehensive income based on changes in the fair value of the security. Realized gains or losses on the sale of marketable securities - available for sale will be reflected in the Company’s net loss for the period in which the securities are liquidated.
		In April 2012, the Company sold its marketable securities — trading with a cost basis of $100,000 and generated proceeds of $119,702. The increase in fair value of $19,702 was recorded as realized gain in the statement of operations for the year ended December 31, 2012.
		In January 2012, the Company received 10,000,000 restricted shares of Amicor’s common stock pursuant to the Option with Amicor (see Note 3). At the time of issuance, the Company recorded the cost of investment in accordance with ASC 845-10 and was valued at $0. Between February 2012 and December 2012, the Company sold 8,486,667 shares of Amicor’s common stock under a private transaction and generated net proceeds of $1,490,600 and has recorded a realized gain — available for sale securities of $1,490,600 during the year ended December 31, 2012.
		In January 2013, the Company sold the remaining 1,513,333 shares of Amicor common stock it owned in a private transaction and generated net proceeds of $151,333. Between February 2013 and May 2013, the Company sold all 25,000,000 shares of Valor Gold common stock it owned in private transactions and generated net proceeds of $1,505,000. Consequently, the Company recorded a realized gain — available for sale securities of $1,656,333 during the year ended December 31, 2013.

MINERAL_PROPERTIES

MINERAL PROPERTIES (Mineral properties)	6 Months Ended					12 Months Ended
	Jun. 30, 2014					Dec. 31, 2013
Mineral properties	'					'
Mineral properties	'					'
MINERAL PROPERTIES	'					'
	NOTE 4 — MINERAL PROPERTIES					NOTE 5 — MINERAL PROPERTIES
	Relief Canyon Properties					Relief Canyon Properties
	The Relief Canyon properties are located in Pershing County about 100 miles northeast of Reno, Nevada and at the southern end of the Humboldt Range. The Relief Canyon properties do not currently have any mineral reserves and all activities undertaken and currently proposed are exploratory in nature.					The Relief Canyon properties are located in Pershing County about 100 miles northeast of Reno, Nevada and at the southern end of the Humboldt Range. The Relief Canyon properties do not currently have any mineral reserves and all activities undertaken and currently proposed are exploratory in nature.
	Relief Canyon Mine					Relief Canyon Mine
	Through the Company’s wholly-owned subsidiary, Gold Acquisition, the Company owns 164 unpatented lode mining claims and 120 unpatented millsites at the Relief Canyon Mine property. The property includes the Relief Canyon Mine and gold processing facilities, currently in a care and maintenance status. The Relief Canyon Mine includes three open pit mines, heap leach pads comprised of six cells, two solution ponds and a cement block constructed adsorption desorption-recovery (ADR) solution processing circuit. The ADR type process plant consists of four carbon columns, acid wash system, stripping vessel, and electrolytic cells. The process facility was completed in 2008 by Firstgold Corp and produced gold until 2009 and is currently in care and maintenance status. The facilities are generally in good condition. Most of the Relief Canyon Mine property is burdened by a production royalty equal to 2% of net smelter returns payable to Battle Mountain Gold Exploration LLC (now owned by Royal Gold).					Through the Company’s wholly-owned subsidiary, Gold Acquisition, the Company owns 164 unpatented lode mining claims and 120 unpatented millsites at the Relief Canyon Mine property. The property includes the Relief Canyon Mine and gold processing facilities, currently in a care and maintenance status. The Relief Canyon Mine includes three open pit mines, heap leach pads comprised of six cells, two solution ponds and a cement block constructed adsorption desorption-recovery (ADR) solution processing circuit. The ADR type process plant consists of four carbon columns, acid wash system, stripping vessel, and electrolytic cells. The process facility was completed in 2008 by Firstgold Corp and produced gold until 2009 and is currently in care and maintenance status. The facilities are generally in good condition. Most of the Relief Canyon Mine property is burdened by a production royalty equal to 2% of net smelter returns payable to Battle Mountain Gold Exploration LLC (now owned by Royal Gold).
	Pershing Pass Property					Pershing Pass Property
	The Pershing Pass property consists of over 700 unpatented mining claims covering approximately 12,000 acres and a mining lease covering approximately 600 acres.  The Pershing Pass property also includes approximately 490 unpatented lode mining claims covering approximately 9,700 acres that the Company acquired from Silver Scott Mines in March 2012 and approximately 283 unpatented lode mining claims covering about 5,660 acres owned directly by a Victoria Gold Corp. subsidiary prior to our purchase. Victoria Gold has reserved a 2% net smelter return production royalty on the 221 claims that are located outside the area of interest related to the Newmont Leased property, discussed below.  The Pershing Pass property also includes 17 unpatented mining claims acquired from a third party in April 2012 subject to a 2% net smelter return royalty, 17 unpatented mining claims that the Company located in mid-2012, and approximately 635 acres of private lands that the Company leased in January 2013.  The primary term of the lease is ten years, which may be extended as long as mineral development work continues on the property. Production from the lease is subject to a 2% net smelter return royalty on all metals produced other than gold, and to a royalty on gold indexed to the gold price, ranging from 2% at gold prices of less than $500 per ounce to 3.5% at gold prices over $1,500 per ounce. Prior to one year after commercial production, the Company can repurchase up to 3% of the royalty on gold production at the rate of $600,000 for each 1%.					The Pershing Pass property consists of over 700 unpatented mining claims covering approximately 12,000 acres and a mining lease covering approximately 600 acres.  The Pershing Pass property also includes approximately 490 unpatented lode mining claims covering approximately 9,700 acres that the Company acquired from Silver Scott Mines in March 2012 and approximately 283 unpatented lode mining claims covering about 5,660 acres owned directly by a Victoria Gold Corp. subsidiary prior to our purchase. Victoria Gold has reserved a 2% net smelter return production royalty on the 221 claims that are located outside the area of interest related to the Newmont Leased property, discussed above.  The Pershing Pass property also includes 17 unpatented mining claims acquired from a third party in April 2012 subject to a 2% net smelter return royalty, 17 unpatented mining claims that the Company located in mid-2012, and approximately 635 acres of private lands that the Company leased in January 2013.  The primary term of the lease is ten years, which may be extended as long as mineral development work continues on the property. Production from the lease is subject to a 2% net smelter return royalty on all metals produced other than gold, and to a royalty on gold indexed to the gold price, ranging from 2% at gold prices of less than $500 per ounce to 3.5% at gold prices over $1,500 per ounce. Prior to one year after commercial production, the Company can repurchase up to 3% of the royalty on gold production at the rate of $600,000 for each 1%.
	In September 2013, the Company entered into a lease agreement and purchase option with Wolf Pack Gold (Nevada) Corp for 19 unpatented mining claims (approximately 400 acres) in the Pershing Pass Property.  The lease grants the Company exclusive rights to conduct mineral exploration, development and mining and an exclusive option to purchase the claims. The primary term of the lease is ten years, which may be extended as long as mineral exportation, development, or mining work continues on the property. Production from the lease is subject to a 1% net smelter return royalty on precious metals and a one-half percent net smelter royalty on all other metals produced from the lease. Prior to production, and starting in September 2016, the Company is required to pay a $10,000 per year advance minimum royalty payment to Wolf Pack Gold. The advance minimum royalty remains at $10,000 per year until September 2023 then the advance royalty payment increases to $12,500 per year.  The advance royalty payment increases to $15,000 per year in September 2028 and then $20,000 per year in September 2033.  The advance minimum royalty payments are due on or before the anniversary dates of the lease agreement. If the Company decides to exercise the purchase option, which is exercisable at any time, it can acquire the 19 unpatented mining claims from Wolf Pack Gold for $250,000.					In September 2013, the Company entered into a lease agreement and purchase option with Wolf Pack Gold (Nevada) Corp for 19 unpatented mining claims (approximately 400 acres) in the Pershing Pass Property.  The lease grants the Company exclusive rights to conduct mineral exploration, development and mining and an exclusive option to purchase the claims. The primary term of the lease is ten years, which may be extended as long as mineral exportation, development, or mining work continues on the property. Production from the lease is subject to a 1% net smelter return royalty on precious metals and a one-half percent net smelter royalty on all other metals produced from the lease. Prior to production, and starting in September 2016, the Company is required to pay a $10,000 per year advance minimum royalty payment to Wolf Pack Gold. The advance minimum royalty remains at $10,000 per year until September 2023 then the advance royalty payment increases to $12,500 per year.  The advance royalty payment increases to $15,000 per year in September 2028 and then $20,000 per year in September 2033.  The advance minimum royalty payments are due on or before the anniversary dates of the lease agreement. If the Company decides to exercise the purchase option, which is exercisable at any time, it can acquire the 19 unpatented mining claims from Wolf Pack Gold for $250,000.
	Newmont Leased Properties					Newmont Leased Properties
	On April 5, 2012, the Company purchased from Victoria Gold Corp. and Victoria Resources (US) Inc. their interest in approximately 13,300 acres of mining claims and private lands adjacent to the Company’s landholdings at the Relief Canyon Mine in Pershing County, Nevada. Approximately 8,900 acres of these properties are held under leases and subleases with Newmont USA Ltd., which the Company refers to as the Newmont Leased properties. Victoria Gold has reserved a 2% net smelter return royalty from the production on 221 of the 283 unpatented mining claims that it owned directly.					On April 5, 2012, the Company purchased from Victoria Gold Corp. and Victoria Resources (US) Inc. (“VRI”) their interest in approximately 13,300 acres of mining claims and private lands adjacent to the Company’s landholdings at the Relief Canyon Mine in Pershing County, Nevada. Approximately 8,900 acres of these properties are held under leases and subleases with Newmont USA Ltd., which the Company refers to as the Newmont Leased properties. Victoria Gold has reserved a 2% net smelter return royalty from the production on 221 of the 283 unpatented mining claims that it owned directly.
	Approximately 8,900 acres of the lands that the Company acquired from Victoria Gold Corporation are a leasehold interest comprised of unpatented mining claims and private lands subject to a 2006 Mineral Lease and Sublease with Newmont USA Ltd., which the Company refers to as the Newmont Leased property. The Newmont Leased property consists of 155 unpatented lode mining claims owned by Newmont comprising approximately 2,800 acres, approximately 4,900 acres of privately-owned fee minerals leased by Newmont from the owners, and 62 unpatented mining claims that were owned by Victoria within the Newmont Leased property and area of interest.					Approximately 8,900 acres of the lands that the Company acquired from Victoria Gold Corporation are a leasehold interest comprised of unpatented mining claims and private lands subject to a 2006 Mineral Lease and Sublease with Newmont USA Ltd., which the Company refers to as the Newmont Leased property. The Newmont Leased property consists of 155 unpatented lode mining claims owned by Newmont comprising approximately 2,800 acres, approximately 4,900 acres of privately-owned fee minerals leased by Newmont from the owners, and 62 unpatented mining claims that were owned by Victoria within the Newmont Leased property and area of interest.
	In order to maintain the 2006 Minerals Lease and Sublease with Newmont, the Company was required to spend approximately $1.0 million in exploration expenses in 2013. The Company has satisfied this 2013 direct drilling work commitment. Starting in 2014, the Company is required to spend $0.5 million per year on exploration expenditures or pay Newmont rental payments of $10 per acre per year. The rental payments will escalate by 5% per year. The Company has also satisfied the 2014, 2015 and 2016 direct drilling work commitments. Under the current terms of the 2006 Minerals Lease and Sublease and commencing in 2014, the annual rent, if the Company elects not to or fails to incur at least $0.5 million in exploration expenditures, would be approximately $0.1 million. Because the Company has satisfied the direct drilling work commitment for 2014, 2015 and 2016, it will not incur annual rental payments in 2014, 2015 or 2016. The Company will be required to expend $0.5 million in additional direct drilling expenditures in 2017 in order to avoid the annual rental payment requirement.					In order to maintain the 2006 Minerals Lease and Sublease with Newmont, the Company was required to spend approximately $1.0 million in exploration expenses in 2013. The Company has satisfied this 2013 direct drilling work commitment. Starting in 2014, the Company is required to spend $0.5 million per year on exploration expenditures or pay Newmont rental payments of $10 per acre per year. The rental payments will escalate by 5% per year. The Company has also satisfied the 2014, 2015 and 2016 direct drilling work commitments. Under the current terms of the 2006 Minerals Lease and Sublease and commencing in 2014, the annual rent, if the Company elects not to or fails to incur at least $0.5 million in exploration expenditures, would be approximately $0.1 million. Because the Company has satisfied the direct drilling work commitment for 2014, 2015 and 2016, it will not incur annual rental payments in 2014, 2015 or 2016. The Company will be required to expend $0.5 million in additional direct drilling expenditures in 2017 in order to avoid the annual rental payment requirement.
	Pursuant to the 2006 Minerals Lease and Sublease, the Company is subject to a 3% to 5% net smelter royalty tied to the gold price in the event Newmont elects not to pursue the Venture Option and quitclaims the claims and leased lands to the Company. The 5% net smelter royalty would apply if the monthly average gold price is equal to or greater than $400 per ounce. In addition, the Company is subject to a 2.5% net smelter returns royalty payable to the lessor on approximately 800 acres of the Newmont Leased properties under the 1994 Mining Lease and a 3.5% net smelter returns royalty payable to the lessor on approximately 495 acres of the Newmont Leased properties under the 1999 Mining Lease; these royalties would offset the Newmont royalty down to 2%.					Pursuant to the 2006 Minerals Lease and Sublease, the Company is subject to a 3% to 5% net smelter royalty tied to the gold price in the event Newmont elects not to pursue the Venture Option and quitclaims the claims and leased lands to the Company. The 5% net smelter royalty would apply if the monthly average gold price is equal to or greater than $400 per ounce. In addition, the Company is subject to a 2.5% net smelter returns royalty payable to the lessor on approximately 800 acres of the Newmont Leased properties under the 1994 Mining Lease and a 3.5% net smelter returns royalty payable to the lessor on approximately 495 acres of the Newmont Leased properties under the 1999 Mining Lease; these royalties would offset the Newmont royalty down to 2%.
	General					General
	The Company has posted a statewide bond with the United States Department of the Interior Bureau of Land Management (“BLM”) as required by the State of Nevada in an amount of approximately $5.0 million, which is currently approximately $300,000 in excess of the current coverage requirement, to reclaim land disturbed in its exploration and mining operations. Previously the Company posted a reclamation bond deposit in the amount equal to the bond requirement with the BLM. In November 2013 the Company replaced the bond deposit by issuing a surface management surety bond in the amount of approximately $5.0 million through a third-party insurance underwriter. In order to issue the surface management surety bond the Company was required to place 45% of the $5.0 million bond ($2,250,000) in a collateral account. The funds deposited in the collateral account have been classified as restricted cash on the Company’s balance sheet as of June 30, 2014.					The Company has posted a statewide bond with the United States Department of the Interior Bureau of Land Management (“BLM”) as required by the State of Nevada in an amount of approximately $5.0 million, which is currently approximately $300,000 in excess of the current coverage requirement to reclaim land disturbed in its exploration and mining operations. Previously the Company posted a reclamation bond deposit in the amount equal to the bond requirement with the BLM. In November 2013 the Company replaced the bond deposit by issuing a surface management surety bond in the amount of approximately $5.0 million through a third-party insurance underwriter. In order to issue the surface management surety bond the Company was required to place 45% of the $5.0 million bond ($2,250,000) in a collateral account. The funds deposited in the collateral account have been classified as restricted cash on the Company’s balance sheet as of December 31, 2013.
	As of June 30, 2014, based on management’s review of the carrying value of mineral rights, management determined that there is no evidence that the cost of these acquired mineral rights will not be fully recovered and accordingly, the Company has determined that no adjustment to the carrying value of mineral rights was required.					As of December 31, 2013, based on management’s review of the carrying value of mineral rights, management determined that there is no evidence that the cost of these acquired mineral rights will not be fully recovered and accordingly, the Company has determined that no adjustment to the carrying value of mineral rights was required.
	As of the date of these consolidated financial statements, the Company has not established any proven or probable reserves on its mineral properties and has incurred only acquisition and exploration costs.					As of the date of these consolidated financial statements, the Company has not established any proven or probable reserves on its mineral properties and has incurred only acquisition and exploration costs.
	Mineral properties consisted of the following:					Mineral properties consisted of the following:
		June 30,		December 31,			December 31, 2013		December 31, 2012
		2014		2013		Relief Canyon Mine — Gold Acquisition	$	8,501,071	$	8,501,071
	Relief Canyon Mine — Gold Acquisition	$	8,501,071	$	8,501,071	Relief Canyon Mine — Newmont Leased Properties	7,709,441		7,709,441
	Relief Canyon Mine — Newmont Leased Properties	7,709,441		7,709,441		Pershing Pass Property	576,400		576,400
	Pershing Pass Property	576,400		576,400
							$	16,786,912	$	16,786,912
		$	16,786,912	$	16,786,912

PROPERTY_AND_EQUIPMENT

PROPERTY AND EQUIPMENT (Property, Plant and Equipment other than mining properties and mineral rights)	6 Months Ended								12 Months Ended
	Jun. 30, 2014								Dec. 31, 2013
Property, Plant and Equipment other than mining properties and mineral rights	'								'
Property and equipment	'								'
PROPERTY AND EQUIPMENT	'								'
	NOTE 5 — PROPERTY AND EQUIPMENT								NOTE 6 — PROPERTY AND EQUIPMENT
	Property and equipment consisted of the following:								Property and equipment consisted of the following:
		Estimated Life	June 30,			December 31,				Estimated Life	December 31, 2013			December 31, 2012
			2014			2013			Furniture and fixtures	5 years	$	56,995		$	56,995
	Furniture and fixtures	5 years	$	56,995		$	56,995		Office and computer equipment	1 - 5 years	234,518			220,060
	Office and computer equipment	1 - 5 years	313,657			234,518			Land	—	266,977			266,977
	Land	—	266,977			266,977			Building and improvements	5 - 25 years	730,068			727,965
	Building and improvements	5 - 25 years	738,959			730,068			Site costs	10 years	1,272,732			1,272,732
	Site costs	10 years	1,272,732			1,272,732			Crushing system	20 years	2,256,943			2,256,943
	Crushing system	20 years	2,256,943			2,256,943			Process plant and equipment	10 years	3,169,442			3,166,280
	Process plant and equipment	10 years	3,169,442			3,169,442			Vehicles and mining equipment	5 - 10 years	695,825			682,373
	Vehicles and mining equipment	5 - 10 years	695,825			695,825					8,683,500			8,650,325
			8,771,530			8,683,500			Less: accumulated depreciation		(2,232,860		)	(1,263,549		)
	Less: accumulated depreciation		(2,720,914		)	(2,232,860		)
											$	6,450,640		$	7,386,776
			$	6,050,616		$	6,450,640
									For the years ended December 31, 2013 and 2012, depreciation expense amounted to $969,311 and $992,648 respectively.
	For the six months ended June 30, 2014 and 2013, depreciation expense amounted to $488,054 and $487,905, respectively.

NOTES_PAYABLE

NOTES PAYABLE	6 Months Ended							12 Months Ended
	Jun. 30, 2014							Dec. 31, 2013
NOTES PAYABLE	'							'
NOTES PAYABLE	'							'
	NOTE 6 — NOTES PAYABLE							NOTE 7 — NOTES PAYABLE
	In August 2012, the Company issued a note payable in the amount of $92,145 in connection with the acquisition of mining equipment. The note payable bears interest at approximately 7% per annum and is secured by a lien on the mining equipment. The note is payable in 48 equal monthly payments of $2,226 beginning in September 2012.							In March 2012, the Company received $500,000 in connection with a 5% secured promissory note (the “Bridge Note”), which was secured by certain assets of the Company’s wholly-owned subsidiaries, Arttor Gold and Noble Effort. The Company administratively issued such Bridge Note on April 10, 2012. The full amount of principal and accrued interest under the Bridge Note was due and payable on the earlier of: (x) the sale of Noble Effort and Arttor Gold, (or the sale of all or substantially all of the assets of Arttor Gold and Noble Effort) to a third party purchaser or (y) October 10, 2012. The Bridge Note was fully paid on May 29, 2012 and all obligations under the Bridge Note were fully satisfied during fiscal 2012.
	Notes payable — short and long term portion consisted of the following:							In August 2012, the Company issued a note payable in the amount of $92,145 in connection with the acquisition of mining equipment. The note payable bears interest at approximately 7% per annum and is secured by a lien on the mining equipment. The note is payable in 48 equal monthly payments of $2,226 beginning in September 2012.
		June 30, 2014			December 31, 2013			Notes payable — short and long term portion consisted of the following:
	Total notes payable	$	53,289		$	59,510
	Less: current portion	(23,532		)	(23,036		)		December 31, 2013			December 31, 2012
	Long term portion	$	29,757		$	36,474		Total notes payable	$	59,510		$	82,546
								Less: current portion	(23,036		)	(23,036		)
								Long term portion	$	36,474		$	59,510

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended	12 Months Ended
	Jun. 30, 2014	Dec. 31, 2013
RELATED PARTY TRANSACTIONS	'	'
RELATED PARTY TRANSACTIONS	'	'
	NOTE 7 — RELATED PARTY TRANSACTIONS	NOTE 10 — RELATED PARTY TRANSACTIONS
	Continental Resources Group, Inc.	Parties are considered to be related to the Company if the parties, directly or indirectly, through one or more intermediaries, control, are controlled by, or are under common control with the Company. Related parties also include principal owners of the Company, its management, members of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. The Company discloses all related party transactions.
	In January 2013, the Company paid $15,066 of Continental Resources Group Inc.’s expenses. The Company recorded such advances to additional paid in capital which represents distributions to the Company’s former parent company for a total of $15,066 for the six months ended June 30, 2013.  Continental was dissolved on February 27, 2013.	Note payable - related party
		In February 2011, Mr. Honig, a Director of the Company advanced $2,250,000 to the Company under a Credit Facility Agreement. Between August 2011 and December 2011, the Company paid a total of $1,688,250 to Mr. Honig on the advance. Additionally, between July 2012 and October 2012, a total of $75,500 was extinguished on a non-cash basis reducing the principal balance of the note to $486,250.
		Subsequently, in August 2013, Mr. Honig exchanged the note including accrued interest of $159,230 for Company’s Series E Convertible Preferred Stock and warrants and the Credit Facility was terminated (see Note 11).
		As of December 31, 2013 and 2012, the principal balance of the note was $0 and $486,250, respectively. As of December 31, 2013 and 2012, accrued interest on this note payable — related party was $0 and $142,164, respectively.
		Continental Resources Group, Inc.
		In January 2013, the Company paid $15,066 of Continental’s expenses. The Company recorded such advances to additional paid in capital which represents distributions to the Company’s former parent company for a total of $15,066 and $611,589 at December 31, 2013 and 2012, respectively.  Continental was dissolved on February 27, 2013 (see Note 3).

STOCKHOLDERS_EQUITY

STOCKHOLDERS' EQUITY

6 Months Ended

12 Months Ended

Jun. 30, 2014

Dec. 31, 2013

STOCKHOLDERS' EQUITY

'

'

STOCKHOLDERS' EQUITY

'

'

NOTE 8 — STOCKHOLDERS’ EQUITY

NOTE 11 — STOCKHOLDERS’ EQUITY

Preferred Stock

Preferred Stock

The Company is authorized within the limitations and restrictions stated in the Amended and Restated Articles of Incorporation to provide by resolution or resolutions for the issuance of 50,000,000 shares of Preferred Stock, par value $0.0001 per share in such series and with such designations, preferences and relative, participating, optional or other special rights and qualifications, limitations or restrictions as the Company’s Board of Directors establish.

The Company is authorized within the limitations and restrictions stated in the Amended and Restated Articles of Incorporation to provide by resolution or resolutions for the issuance of up to 50,000,000 shares of Preferred Stock, par value $0.0001 per share in such series and with such designations, preferences and relative, participating, optional or other special rights and qualifications, limitations or restrictions as the Company’s Board of Directors establish.

Series A Convertible Preferred Stock

Convertible Series A Preferred Stock

As of June 30, 2014, 2,250,000 shares of Series A Preferred Stock, $0.0001 par value were authorized with none issued and outstanding.

As of December 31, 2013 and 2012, 2,250,000 shares of Series A Preferred Stock, $0.0001 par value were authorized with none issued and outstanding.

Series B Convertible Preferred Stock

Convertible Series B Preferred Stock

As of June 30, 2014, 8,000,000 shares of Series B Preferred Stock, $0.0001 par value were authorized with none issued and outstanding.

As of December 31, 2013 and 2012, 8,000,000 shares of Series B Preferred Stock, $0.0001 par value were authorized with none issued and outstanding.

Series C Convertible Preferred Stock

Convertible Series C Preferred Stock

As of June 30, 2014, 3,284,396 shares of Series C Preferred Stock, $0.0001 par value were authorized with none issued and outstanding.

As of December 31, 2013 and 2012, 3,284,396 shares of Series C Preferred Stock, $0.0001 par value were authorized with none issued and outstanding.

9% Series D Cumulative Preferred Stock

Convertible Series D Preferred Stock

As of June 30, 2014, there were 7,500,000 shares of Series D Preferred Stock authorized and none issued and outstanding.

On February 21, 2012, the Company designated 1,000,000 shares of 9.0% Series D Cumulative Convertible Preferred Stock. Each share of Series D Preferred Stock is convertible (together with accrued and unpaid dividends thereon) into shares of the Company’s common stock at a conversion price of $0.40 per share, subject to equitable adjustments after such events as stock dividends, stock splits or fundamental corporate transactions, and subject to anti-dilution provisions. The holders of the Company’s Series D Convertible Preferred Stock do not have voting rights. Upon liquidation, dissolution or winding up of the Company’s business, each holder of Series D Preferred Stock shall be entitled to receive, for each share thereof a preferential amount in cash equal to $1.00.

Convertible Series E Preferred Stock

All preferential amounts to be paid to the holders of Series D Preferred Stock in connection with such liquidation, dissolution or winding up shall be paid before the payment or distribution of any assets to the holders of (i) any other class or series of capital stock and (ii) of the Company’s common stock. The Company is required to redeem in cash all or portion of the Series D Preferred Stock upon the occurrence of a major transactions such as a consolidation, merger or other business combination, sale and transfer of more than 50% of any of the Company’s assets, or the closing of a purchase with more than 50% of the outstanding shares of stock tendered and the inability of the Company to convert any portion of the Series D Preferred stock due to insufficient authorized number of shares of common stock as defined in the certificate of designation. The redemption price is equivalent to the sum of (i) the greater of (A) 110% of the aggregate stated value of the outstanding shares of the Series D Preferred Stock plus all accrued dividends and (B) the aggregate stated value of the outstanding shares of the Series D Preferred Stock plus all accrued dividends divided by the conversion price on the date of the major transaction redemption price is demanded or the date the major transaction redemption price is paid in full whichever is less multiplied by the volume weighted average price on (x) the date of the major transaction redemption price is demanded and (y) the date the major transaction redemption price is paid in full, whichever is greater and (ii) all other amounts, costs, expenses and liquidated damages. The Company believes that the occurrence of the major transactions as defined in the certificate of designations are considered conditional events and as a result the instrument does not meet the definition of mandatorily redeemable financial instrument based from ASC 480-10-25, “Distinguishing Liabilities from Equity”.

On August 5, 2013, the Company designated 15,151 shares of Series E Stock. Each share of Series E Stock is convertible into shares of the Company’s common stock at a conversion rate of 3,000 shares of common stock for each share of Series E which is equivalent to a conversion price of $0.33 per share of common stock, subject to certain adjustments in the event of stock dividends, stock splits and subsequent equity sales.

This financial instrument was assessed at each reporting period to determine whether circumstances have changed such that the instrument met the definition of a mandatorily redeemable instrument (that is, the event is no longer conditional). If the event has occurred, the condition is resolved, or the event has become certain to occur, the financial instrument will be reclassified as a liability. On April 11, 2012, the Company filed an amendment to the Certificate of Designation for the Series D Preferred Stock with the Secretary of State of the State of Nevada to increase the number of authorized shares of Series D Preferred Stock that could be issued by the Company to 7,500,000. In June 2012, the conversion price of the Company’s Series D Convertible Preferred Stock was adjusted to $0.32 per share as a result of certain anti-dilution provisions contained therein due to the sale of the Company’s common stock at $0.32 per share.

The holders of the Series E Stock are entitled to vote on an as-converted basis on all matters on which the holders of the common stock have a right to vote.  The Company may, at any time after February 8, 2014, redeem all the then outstanding Series E Stock for cash in an amount equal to 110% of the purchase price for the Series E Stock, provided that the optional redemption provisions are met as defined in the certificate of designation.  Upon liquidation, dissolution or winding up of the Company, each holder of Series E Stock is entitled to receive the greater of: (i) 110% of the purchase price of the Series E Stock, or (ii) the amount each holder would be entitled to receive if such holder’s shares of Series E Stock were converted into common stock.  Upon a change of control, all outstanding shares of Series E Stock will automatically convert into shares of common stock and the holders will also be entitled to receive a cash payment equal to 10% of the purchase price paid for the Series E Stock. The Company believes that the occurrence of the optional redemption is considered a conditional event and as a result the instrument does not meet the definition of mandatorily redeemable financial instrument based from ASC 480-10-25, “Distinguishing Liabilities from Equity”.

On February 23, 2012, the Company entered into a Stock Purchase Agreement with two subscribers and sold 1,000,000 shares of the Series D Preferred Stock and an aggregate of 8,750,000 warrants to acquire shares of Common Stock for an aggregate purchase price of $1,000,000 (the “Series D Preferred Stock Purchase Price”).

In August 2013, the Company completed private placements to several accredited investors for the purchase of 10,533 shares of the Company’s Series E Stock and warrants to acquire 12,639,600 shares of the Company’s common stock for aggregate net proceeds of approximately $10.2 million. Each purchaser of Series E Stock received a 3-year warrant to acquire a number of shares of the Company’s common stock equal to 40% of the number of shares of common stock issuable upon conversion of the shares of Series E Stock. The warrants are immediately exercisable at an exercise price of $0.40 per share of the Company’s common stock, subject to adjustments in the event of stock dividends, recapitalizations or certain other transactions and expire three years from the date of issuance. The purchase price of one share of Series E Stock and the associated warrant was $990.

All of the proceeds from the Series D Preferred Stock Purchase Price were used to prepay (i) $800,000 of that certain senior secured convertible promissory note to Platinum and (ii) $200,000 of that certain senior secured convertible promissory note to Lakewood (see Note 8).

Additionally, Mr. Barry Honig, a director of the Company, exchanged the outstanding principal and accrued interest of $645,480 owed by the Company under a Credit Facility Agreement for 652 shares of Series E Stock and warrants to acquire 782,400 shares of the Company’s common stock on equivalent terms to those of investors purchasing in the private placement.

In accordance with ASC 505, “Equity - Dividends and Stock Splits”, the Series D Preferred Stock was considered to have an embedded beneficial conversion feature (the “ECF”) because the conversion price was less than the fair value of the Company’s common stock. This Series D Preferred Stock was fully convertible at the issuance date, therefore a portion of proceeds allocated to the Series D Preferred Stock of $1,000,000 was determined to be the value of the beneficial conversion feature and was recorded as a preferred deemed dividend. In connection with the initial sales of the Series D Preferred Stock, the initial estimated fair values allocated to the ECF were $226,629 and the fair value allocated to the warrants of $773,371 was recorded as a preferred deemed dividend on February 23, 2012.

During February and March 2014 certain holders of the Company’s Series E Stock converted 1,529 shares into 4,587,000 shares of common stock of the Company in accordance with the Series E Stock certificate of designation. The conversion rate applied to these exchanges was 3,000 shares of common stock for each share of Series E Stock which was equivalent to a conversion price of $0.33 per share of common stock.

The assumptions used valuing the warrants include:

During April 2014 a certain holder of the Company’s Series E Stock converted 50 shares into 150,000 shares of common stock of the Company in accordance with the Series E Stock certificate of designation. The conversion rate applied to these exchanges was 3,000 shares of common stock for each share of Series E Stock which was equivalent to a conversion price of $0.33 per share of common stock.

Risk free interest rate (annual)

0.88

%

Expected volatility

110

%

As of June 30, 2014, there were 15,151 shares of Series E Stock authorized and 9,606 shares issued and outstanding.

Expected life

5 Years

Assumed dividends

none

Common Stock

The Company recorded a loss from extinguishment of debts for a total of $2,436,888 in connection with the note conversions and a preferred deemed dividend of $537,499 for the year ended December 31, 2012 in connection with the issuance of the additional shares of Series D Preferred Stock discussed above.

On February 12, 2013, the Company granted an aggregate of 6,700,000 shares of restricted common stock to a director, certain employees and consultants of the Company, which were valued at fair market value on the date of grant at approximately $3,417,000 or $0.51 per share. These restricted shares vest one third at the end of each of the first three years from the date of issuance.

On March 30, 2012, the holder of the 400,000 shares of the Company’s Series D Preferred Stock converted his shares of Series D Preferred Stock into 1,153,143 shares of the Company’s Common Stock (which included accrued and unpaid dividends thereon). The Company recorded a preferred deemed dividend of $79,278 in connection with the conversion of the Series D Preferred Stock into the Company’s common stock at an adjusted conversion price of $0.35 per share.

On November 1, 2013, pursuant to an employment agreement, the Company granted 125,000 shares of restricted common stock to an employee of the Company which were valued at fair market value on the date of grant at approximately $0.36 per share. These restricted shares vest one third at the end of each of the first three years from the date of issuance.

In June 2012, 6,086,968 shares of Series D Preferred Stock were converted into 19,021,775 shares of the Company’s common stock. Additionally, as consideration for agreeing to convert its Series C Preferred Stock and Series D Preferred Stock, the Company issued an additional 3,000,000 shares of common stock to the preferred shareholder and such shares were valued at the fair market value on the date of grant at $0.36 per share or $1,086,000 and have been included in preferred stock deemed dividend.

On December 16, 2013, the Company granted an aggregate of 2,500,000 shares of restricted common stock to certain employees and consultants of the Company, which were valued at fair market value on the date of grant at approximately $875,000 or $0.35 per share. The shares granted to employees (1,300,000) vest one third on the date of grant and one third at the end of each of the years ending two and three years after the date of issuance. The remaining restricted shares issued to consultants vest one third at the end of each of the first three years from the date of issuance.

The Company recognized preferred stock dividends of $21,150 related to the Series D Preferred Stock during the year ended December 31, 2012. Accrued dividends amounted to $0 and $17,550 as of December 31, 2013 and 2012, respectively. As of December 31, 2013 and 2012, there were 7,500,000 shares of Series D Preferred Stock authorized and none issued and outstanding.

On January 1, 2014, pursuant to an employment agreement, the Company granted 250,000 shares of restricted common stock to an employee of the Company which were valued at fair market value on the date of grant at approximately $0.35 per share. These restricted shares vest one third at the end of each of the first three years from the date of issuance.

Convertible Series E Preferred Stock

On June 11, 2014, the Company and Mr. Steve Alfers, the Company’s CEO, entered into the Second Amendment to the Restricted Stock Agreement (the “Alfers Amendment”) to amend that certain Restricted Stock Agreement, dated as of May 13, 2013, and amended by the First Amendment to the Restricted Stock Agreement dated December 23, 2013 by and between the Company and Mr. Alfers.  Pursuant to the Alfers Amendment, the vesting of 1,666,500 restricted shares, of a total of 5,000,000 restricted shares that were granted on June 18, 2012, was extended from June 18, 2014 to March 14, 2015.  1,666,500 shares had previously vested in March 2014 and the vesting schedule for the remaining 1,667,000 shares vesting on June 18, 2015 remains unchanged.

On August 5, 2013, the Company designated 15,151 shares of Series E Convertible Preferred Stock. Each share of Series E is convertible into shares of the Company’s common stock at a conversion rate of 3,000 shares of common stock for each share of Series E which is equivalent to a conversion price of $0.33 per share of common stock, subject to certain adjustments in the event of stock dividends, stock splits and subsequent equity sales.

During the six months ended June 30, 2014, the Company recorded stock-based compensation expense in connection with restricted stock awards of $1,484,423.  At June 30, 2014, there was a total of $2,130,538 unrecognized compensation expense in connection with restricted stock awards.

The holders of the Series E Preferred Stock will vote on an as-converted basis on all matters on which the holders of the common stock have a right to vote.  The Company may, at any time after February 8, 2014, redeem all then outstanding Series E Preferred Stock for cash in an amount equal to 110% of the purchase price for the Series E Preferred Stock, provided that the optional redemption provisions are met as defined in the certificate of designation.  Upon liquidation, dissolution or winding up of the Company, each holder of Series E Preferred Stock is entitled to receive the greater of: (i) 110% of the purchase price of the Series E Preferred Stock, and (ii) the amount each holder would be entitled to receive if such holder’s shares of Series E Preferred Stock were converted into common stock.  Upon a change of control, all outstanding shares of Series E Preferred Stock will automatically convert into shares of common stock and the holders will also be entitled to receive a cash payment equal to 10% of the purchase price paid for the Series E Preferred Stock. The Company believes that the occurrence of the optional redemption is considered a conditional event and as a result the instrument does not meet the definition of mandatorily redeemable financial instrument based from ASC 480-10-25, “Distinguishing Liabilities from Equity”.

Common Stock Options

In August 2013, the Company completed private placements to several accredited investors for the purchase of 10,533 shares of the Company’s Series E Convertible Preferred Stock and warrants to acquire 12,639,600 shares of the Company’s common stock for aggregate net proceeds of approximately $10.2 million. Each purchaser of Series E received a 3-year warrant to acquire a number of shares of the Company’s common stock equal to 40% of the number of shares of common stock issuable upon conversion of the Series E shares. The warrants are immediately exercisable at an exercise price of $0.40 per share of the Company’s common stock, subject to adjustments in the event of stock dividends, recapitalizations or certain other transactions and expire three years from the date of issuance. The purchase price of one share of Series E Preferred Stock and the associated warrant was $990.

A summary of the Company’s outstanding stock options as of June 30, 2014 and changes during the period then ended are presented below:

In accordance with ASC 505, “Equity - Dividends and Stock Splits”, the Series E Preferred Stock was considered to have an embedded beneficial conversion feature because the conversion price was less than the fair value of the Company’s common stock. The Series E Preferred Stock was fully convertible at the issuance date, therefore a portion of proceeds allocated to the Series E Preferred Stock was determined to be the value of the beneficial conversion feature and was recorded as a preferred deemed dividend. In connection with the initial sales of the Series E Preferred Stock, the initial estimated fair value allocated to the ECF was $2,188,792 and the fair value allocated to the warrants of $1,912,867 was recorded as a preferred deemed dividend in August 2013.

Number of

Weighted

Weighted

Options

Average

Average

The assumptions used in valuing the warrants include:

Exercise

Remaining

Price

Contractual

Risk free interest rate (annual)

0.61% to 0.82%

Life

Expected volatility

86%

(Years)

Expected life

3 Years

Balance at December 31, 2013

32,900,000

$

0.4

8.18

Assumed dividends

none

Granted

—

—

—

Exercised

—

—

—

In connection with these private placements, the Company paid legal fees of approximately $124,000 and commissions of approximately $76,000 in cash and the issuance of warrants to purchase 13,590 shares of the Company’s common stock.

Forfeited

—

—

—

Cancelled

—

—

—

Additionally, Mr. Honig exchanged the outstanding principal and accrued interest of $645,480 owed by the Company under a Credit Facility Agreement (see Note 10) for 652 shares of Series E Convertible Preferred Stock and warrants to acquire 782,400 shares of the Company’s common stock on equivalent terms to those of investors purchasing in the private placement.

Balance at June 30, 2014

32,900,000

0.4

7.68

As of December 31, 2013, there were 15,151 shares of Series E Preferred Stock authorized and 11,185 shares issued and outstanding.

Options exercisable at end of period

32,000,000

$

0.4

Options expected to vest through December 31, 2014

900,000

Common Stock

Weighted average fair value of options granted during the period

$

—

On September 2, 2011, the Company, Empire, EXCX, Capital Hoedown, Inc. and Sheldon Finkel, the Company’s former Chief Executive Officer and former Co-Chairman of the Board of Directors (“Executive”), entered into a Separation Agreement (the “Agreement”) under which Executive resigned from all positions with the Company and each of its subsidiaries and affiliates. Pursuant to the Agreement, Executive agreed to the following:

Stock options outstanding at June 30, 2014 as disclosed in the above table have approximately $237,000 of intrinsic value at the end of the period.

i.

Cancellation of 750,000 shares of common stock, par value $0.001 per share, of the Company’s Common Stock owned by Executive; and

During the six months ended June 30, 2014, the Company recorded stock based compensation expense related to options of $48,423. At June 30, 2014, there was a total of $48,422 of unrecognized compensation expense related to non-vested options.

ii.

All unvested shares and options of the Company shall be cancelled and returned to the Company, other than outstanding options awarded to Executive to purchase 400,000 shares of Common Stock and additionally, Executive shall be entitled to retain 600,000 shares of Common Stock presently owned (the options to purchase 400,000 shares of Common Stock and 600,000 shares of Common Stock, the “Executive Retained Securities”). The Executive Retained Securities shall secure for collection of certain outstanding receivables of approximately $112,500, and thereafter be pledged to Lenders as collateral security for the payment by the Executive of $150,000 of indebtedness to Lenders in accordance with a payment schedule set forth in the Agreement; and

iii.

1,950,000 shares of Executive’s Common Stock shall be sold to one of the lenders of the Company; and

Common Stock Warrants

iv.

That certain Letter of Credit issued by Signature Bank, NA, (the “Letter of Credit”) pledged to Lenders as collateral security for the Loan Agreement, shall be assigned by Executive to the Lenders to repay the obligations under the Credit facility agreement.

A summary of the Company’s outstanding stock warrants as of June 30, 2014 and changes during the period then ended are presented below:

Additionally, the employment agreement of Executive was terminated upon execution of the Separation Agreement. The Executive and the Companies agreed to release each other from any and all claims and further obligations. The Company valued and recorded the cancelled shares at par value or $75 against additional paid in capital.

Number of

Weighted

Weighted

On September 29, 2011, the Company sold 3,284,396 shares of Series C Convertible Preferred Stock and two-year warrants (the “Series C Preferred Warrants”) to purchase 9,853,188 shares of Common Stock at an exercise price of $0.60 per share for an aggregate purchase price of $3,284,396. In accordance with ASC 505, “Equity - Dividends and Stock Splits”, the Series C Convertible Preferred Stock was considered to have an embedded beneficial conversion feature (ECF) because the conversion price was less than the fair value of the Company’s common stock. This Series C Convertible Preferred Stock was fully convertible at the issuance date, therefore a portion of proceeds allocated to the Series C Convertible Preferred Stock of $3,284,396 was determined to be the value of the beneficial conversion feature and was recorded as a deemed dividend.

Warrants

Average

Average

Exercise

Remaining

Between September 2011 and October 2011, the Company sold $1,718,000 of units pursuant to subscription agreements for an aggregate sale of 3,436,000 units, at a purchase price of $0.50 per unit. Each unit consists of: (i) one share of common stock and (ii) a two year warrant to purchase 50% percent of the number of shares of common stock (1,718,000 warrants) at an exercise price of $0.60 per share. The warrants may be exercised until the second anniversary of their issuance at a cash exercise price of $0.60 per share, subject to adjustment. The warrants may be exercised on a cashless basis at any time at 100% of the closing price for the common stock on the business day immediately prior to the exercise.

Price

Contractual

Life

Between October 2011 and December 2011, the Company sold $1,830,000 of units pursuant to subscription agreements for an aggregate sale of 4,575,000 units. Additionally, on November 29, 2011, the holder of the Company’s 6% note payable converted $611,750 principal balance of the note into an aggregate of 1,529,375 of units. Each unit was sold for a purchase price of $0.40 per unit and consists of: (i) one share of common stock and (ii) a two-year warrant to purchase fifty percent of the number of shares of common stock (3,052,188 warrants) purchased at an exercise price of $0.60 per share, subject to adjustment upon the occurrence of certain events. The warrants may be exercised at any time on a cashless basis at 100% of the closing price for the common stock on the business day immediately prior to the date of exercise. During the year ended December 31, 2011, the Company paid placement agent fees of $370,583 in cash to broker-dealers in connection with the sale of the above units.

(Years)

Balance at December 31, 2013

26,244,621

$

0.45

2.22

On September 29, 2011, the Company issued 4,429,415 shares of common stock in connection with the exercise of the 9,853,188 Series C Preferred Warrants on a cashless basis. Additionally, in September 2011, the Company issued 866,065 shares of common stock in connection with the exercise of these 1,678,000 warrants on a cashless basis.

Granted

—

—

—

Cancelled

—

—

—

In October 2011, the Company issued 500,000 shares of the Company’s common stock in connection with a public and investor relations agreement. The Company valued these common shares at the fair market value on the date of grant at $0.971 per share or $485,500. Accordingly, the Company recognized stock based consulting expense of $485,500 during the year ended December 31, 2011.

Forfeited

(5,000,000

)

0.6

—

Exercised

—

—

—

In November 2011, the Company and a consultant agreed to terminate public relations and consulting agreement in consideration for (i) a cash payment of $50,000 and (iii) the issuance of 50,000 shares of the Corporation’s common stock.  The Company valued the 50,000 common shares at the fair market value on the date of grant at $0.68 per share or $34,000.

Balance at June 30, 2014

21,244,621

$

0.42

2.18

In December 2011, the Company issued 600,000 shares of the Company’s common stock in connection with an advisory and consulting agreement. The consultant previously acted as a placement agent of Continental whereby the consultant received warrants to purchase Continental’s common stock. Such warrants were assumed by the Company pursuant to the asset purchase agreement entered into with Continental. Additionally, the consultant agreed to cancel 1,056,046 assumed warrants and waive any right to receive the Company’s warrants. The Company valued these common shares at the fair market value on the date of grant at $0.53 per share or $318,000. Accordingly, the Company recognized stock based consulting expense of $318,000 during the year ended December 31, 2011.

Warrants exercisable at June 30, 2014

21,244,621

$

0.42

2.18

On October 31, 2011, the Company entered into amendment agreements with holders of the Company’s 5% convertible promissory notes dated as of February 1, 2011 in the aggregate principal amount of $750,000. Pursuant to the amendment agreements, the fixed conversion price was adjusted from $1.00 to $0.65. The note holders, including Company Board Member Barry Honig, converted their outstanding notes to the Company’s common stock at a conversion price of $0.65 per share. In total, $750,000 of notes was converted, plus accrued interest of $27,555, with the Company issuing 1,196,238 shares in exchange. The Company accounted the reduction of the original conversion price from $1.00 to $0.65 per share and such conversion under ASC 470-20-40 “Debt with Conversion and Other Options” and accordingly recorded interest expense of $230,192 which is equal to the fair value of shares issued in excess of the fair value issuable pursuant to the original conversion terms. As of December 31, 2011, principal and accrued interest on these convertible promissory notes amounted to $0.

Weighted average fair value of warrants granted during the period

$

—

Following the consummation of the asset purchase agreement with Continental, certain holders of Continental’s warrants that were received in connection with the private placement of Continental securities (the “Continental Offering”) asserted certain rights against the Company under Section 5(f) of the Continental Warrants (the “Put Right”), which the Company disputed. On October 3, 2011, the Company, Continental and each of the holders of the Continental Warrants that exercised their Put Right, entered into an Agreement and Release (the “Release”) in which the Company agreed to issue to such holder 2 shares of the Company’s common stock (the “Additional Stock”) for every $1.00 invested in the Continental Offering in exchange for cancellation of the Continental Warrants and waiver of ratchet anti-dilution protection from future offerings.  A total of 5,350,000 shares were issued and a total of 4,280,000 stock warrants to purchase shares of the Company’s common stock (equivalent to 5,350,000 Continental warrants) were cancelled in connection with the settlement of the Put Rights. The Company valued these common shares at the fair market value on the date of grant at $0.89 per share or $4,761,500. Accordingly, the Company recognized settlement expense of $4,761,500 during the year ended December 31, 2011.

Treasury Stock

On November 18, 2011, the Company received an acknowledgment letter pursuant to which the beneficial owner of 500,000 shares of the common stock and a stock option agreement to purchase 600,000 shares of the Company’s common stock agreed, regardless of vesting, to cancel 450,000 shares of common stock and the termination of the 600,000 options. The Company valued and recorded the cancelled shares at par value or $45 against additional paid in capital.

The Company accounts for treasury stock under the cost method. On December 16, 2013, the Company reacquired 127,015 shares of its common stock from certain employees of the Company for $44,455. Additionally, between February 2014 and March 2014, the Company reacquired 492,513 shares of its common stock from certain employees of the Company for $181,421. The reacquisition by the Company of its common stock is the result of certain employees electing to surrender a number of shares in order to satisfy their minimum applicable withholding obligation due to the vesting of restricted stock awards. The value of the treasury stock is reflected separately as a deduction from stockholders’ equity. As of June 30, 2014, there were 619,528 of treasury shares valued at $225,876.

Between October 2011 and December 2011, 7,500,000 shares of Series B Preferred Stock were converted into 7,500,000 shares of common stock.

In December 2011, 750,000 Series A Preferred Stock were converted into 750,000 shares of common stock.

Between January 2012 and February 2012, the Company sold an aggregate of 2,237,500 units with net proceeds to the Company of $847,500. Each unit was sold for a purchase price of $0.40 per unit and consisted of: (i) one share of common stock and (ii) a two-year warrant to purchase 50% (1,118,750 warrants) of the number of shares of common stock purchased at an exercise price of $0.60 per share, subject to adjustment upon the occurrence of certain events. The warrants may be exercised at any time on a cashless basis at 100% of the closing price for the common stock on the business day immediately prior to the date of exercise. The Company agreed to file a “resale” registration statement with the SEC covering all shares of common stock and shares of common stock underlying the warrants (including as issued to placement agents) within 60 days of the final closing date of the sale of any units and to maintain the effectiveness of the registration statement until all securities have been sold or are otherwise able to be sold pursuant to Rule 144. The Company agreed to use its reasonable best efforts to have the registration statement declared effective within 120 days of the final closing on the sale of units.

The Company was obligated to pay to investors a fee of one (1%) per month in cash for every thirty day period up to a maximum of six (6%) percent, (i) that the registration statement has not been filed after the filing date, and (ii) following the effectiveness date that the registration statement has not been declared effective; provided, however, that the Company shall not be obligated to pay any such liquidated damages if the Company is unable to fulfill its registration obligations as a result of rules, regulations, positions or releases issued or actions taken by the SEC pursuant to its authority with respect to “Rule 415”, provided the Company registers at such time the maximum number of shares of common stock permissible upon consultation with the staff of the SEC.

In August 2012, the Company entered into waiver agreements with majority of the investors who purchased units pursuant to subscription agreements dated between September 2011 and February 2012 whereby the Company agreed to register the shares of common stock underlying the units with the SEC. The waiver agreement irrevocably and unconditionally waives the liquidated damages in cash or kind related to any failure by the Company to cause the registration statement to be filed on or before a designated filing date or declared effective by the SEC on or before the effectiveness date. Furthermore, the shares of common stock that would be covered by the above discussed registration statement are no longer considered “Registrable Securities” as such term is defined in the governing Registration Rights Agreement and therefore the Company believes it no longer has any obligation under such Registration Rights Agreement to register such shares.

In April 2012, the Company sold an aggregate 4,385,716 shares of common stock to certain investors for an aggregate purchase price of $1,535,000 or a purchase price of $0.35 per share.

On June 19, 2012, the Company issued 12,500,000 shares of its common stock to certain investors in a private placement for an aggregate purchase price of $4,000,000 or a purchase price of $0.32 per share. In connection with the private placement, the Company paid fees of $75,000 and issued 234,375 shares of its common stock to a placement agent as consideration for certain placement agent services. In connection with the private placement, the Company and the purchasers entered into a registration rights agreement dated June 19, 2012 which provides the purchasers certain rights relating to the registration of the common stock under the Securities Act. Pursuant to the registration rights agreement, at any time after December 19, 2012, the purchasers have the right to require the Company to file a registration statement under the Securities Act to register the common stock. In addition, if the Company registers any of its equity securities under the Securities Act, the Company is required to give the purchasers prompt notice of its intention to do so, and the purchasers may request the common stock to be included in the registration statement.

On February 9, 2012, the Company issued 12,000,000 shares of restricted common stock to Stephen Alfers, the Company’s Chief Executive Officer, pursuant to his employment agreement. On February 8, 2013, the Company and Mr. Alfers amended his employment agreement, at the Company’s request, to extend the vesting of 6,000,000 shares of restricted stock until March 14, 2014. These shares originally would have vested on February 9, 2013. On December 23, 2013, the Company and Mr. Alfers entered into the second amendment to his employment agreement dated as of February 9, 2012 whereby the vesting of 6,000,000 restricted shares, of a total of 12,000,000 restricted shares, was accelerated from March 14, 2014 to December 26, 2013.  The vesting schedule for the remaining shares, 3,000,000 shares vesting on February 9, 2014 and 3,000,000 shares vesting on February 9, 2015, remains unchanged.

On March 20, 2012, the Company issued 250,000 shares of common stock to a third party in consideration for payment of legal services rendered of $129,028 and Continental’s accrued legal fees of $170,614 for a total amount of $299,642. The Company valued these common shares for $299,642.

In March 2012, the Company issued 200,000 shares of common stock to a consultant in consideration for payment of public relations services rendered. The Company recorded stock based consulting expense and valued these common shares at the fair market value on the date of grants at approximately $0.55 per share or $110,000 for the year ended December 31, 2012.

In March 2012, the Company issued an aggregate of 6,229,718 shares of common stock in connection with the exercise of the 11,399,150 stock warrants on a cashless basis. The Company valued these common shares at par value.

On April 27, 2012, the Company issued 50,000 shares of common stock to a consultant in consideration for certain consulting services rendered. The Company had accrued such consulting expense prior to issuance amounting to $45,000. The Company valued these common shares at the fair market value on the date of grants at approximately $0.90 per share or $45,000.

On April 5, 2012, the Company issued to Victoria Gold. and Victoria Resources (US) Inc. 10 million shares of the Company’s common stock, and a 2 year warrant to purchase 5 million shares of Common Stock at a purchase price of $0.60 per share in connection with the acquisition of rights to approximately 13,300 acres of mining claims and private lands adjacent to the Company’s landholdings at the Relief Canyon Mine in Pershing County, Nevada (see Note 5). The Company valued the 10 million common shares at the fair market value on the date of grants at approximately $0.46 per share or $4,600,000. For the year ended December 31, 2012, the Company recorded the value of such shares and warrants into mineral rights as reflected in the accompanying consolidated balance sheets.

On July 22, 2011, the Company purchased substantially all of the assets of Continental in consideration for (i) 8 shares of the Company’s common stock for every 10 shares of common stock of Continental outstanding; (ii) the assumption by the Company of the outstanding warrants to purchase shares of Continental’s common stock at a ratio of one warrant (the “Company Warrants”) to purchase 8 shares of the Company’s common stock for every Continental Warrant to purchase 10 shares of Continental’s common stock; and (iii) the assumption of Continental’s 2010 Equity Incentive Plan and all options granted and issued thereunder at a ratio of one option to purchase 8 shares of the Company Common Stock for every option to purchase 10 shares of Continental’s common stock outstanding. Between April 2012 and June 2012, the Company issued an aggregate of 9,729,285 shares of its common stock to holders of Company Warrants in consideration for the cancellation of such Company Warrants. Additionally, such holders agreed to the elimination of certain most favored nations provisions or price protection associated with the shares of Continental’s common stock issued in connection with the Continental Warrants (the “Warrant Cancellation Transaction”). The Company issued 9,729,285 shares of the Company’s common stock at a ratio of 300 shares for every 1,000 Company Warrants held. An aggregate of 32,430,954 Company Warrants were cancelled as a result of the Warrant Cancellation Transaction. Accordingly, the Company valued the 9,729,285 common shares at the fair market value on the date of grants ranging between $0.29 to $0.505 per share or $4,883,196. This was reflected as a settlement expense in the Company’s Statement of Operations during the year ended December 31, 2012.

On May 24, 2012, in connection with the Merger Agreement between the Company, Red Battle, and Valor Gold, the Company cancelled 1,750,000 shares of the Company’s common stock. The Company valued these cancelled common shares at par value.

On June 18, 2012, the Company granted 3,000,000 shares of restricted common stock to a director of the Company that were valued at fair market value on the date of grant at approximately $0.34 per share. These restricted shares vest one third at the end of each of the first three years following the date of issuance.

On June 18, 2012, the Company issued 5,000,000 shares of restricted common stock to Mr. Alfers that were valued at fair market value on the date of grant at approximately $0.34 per share. These restricted shares shall vest one third at the end of each of the first three years following the date of issuance. On February 8, 2013, the Company and Mr. Alfers amended, at the Company’s request, the related restricted stock agreement to extend the vesting schedule of the first one third of the shares until March 14, 2014.  These shares originally would have vested on June 18, 2013. On December 23, 2013, the Company and Mr. Alfers entered into the first amendment to the restricted stock agreement to amend that certain restricted stock agreement by and between the Company and Mr. Alfers whereby the vesting of 1,666,667 restricted shares, of a total of 5,000,000 restricted shares, was accelerated from March 14, 2014 to December 26, 2013.  The vesting schedule for the remaining shares, with approximately half of the remaining shares vesting on June 18, 2014 and approximately half the remaining shares vesting on June 18, 2015, remains unchanged.

On November 21, 2012, the Company issued 200,000 shares of restricted common stock to Eric Alexander, the Company’s Vice President of Finance and Controller and which were valued at fair market value on the date of grant at approximately $0.35 per share. On February 8, 2013, the Company and Mr. Alexander amended, at the Company’s request, his restricted stock agreement to extend vesting of the first one third of his grant until March 14, 2014. These shares originally would have vested on November 30, 2013.

On December 3, 2012, the Company completed a private placement to several accredited investors for 9,469,548 shares of its common stock and 3,787,819 warrants for aggregate gross proceeds of $3,124,950. The purchase price for one share of common stock and a warrant to acquire 0.40 of a share of common stock was $0.33. The warrants are exercisable immediately at an exercise price of $0.50 per share and will expire on December 7, 2015.  The warrant contains customary adjustment provisions in the event of dividends or recapitalizations. In addition, the Company paid aggregate consideration of 303,030 shares of the Company’s common stock and 121,212 warrants, in lieu of $100,000 as consideration for certain placement agent services in connection with the private placement. In connection with the issuance of the 303,030 shares to the placement agent, the Company valued these common shares at par value.

On February 12, 2013, the Company granted an aggregate of 6,700,000 shares of restricted common stock to a director of the Company and certain employees and consultants of the Company, which were valued at fair market value on the date of grant at approximately $3,417,000 or $0.51 per share. These restricted shares vest one third at the end of each of the first three years from the date of issuance.

On November 1, 2013, pursuant to an employment agreement, the Company granted 125,000 shares of restricted common stock to an employee of the Company which was valued at fair market value on the date of grant at approximately $0.36 per share. These restricted shares vest one third at the end of each of the first three years from the date of issuance.

On December 16, 2013, the Company granted an aggregate of 2,500,000 shares of restricted common stock to certain employees and consultants of the Company, which were valued at fair market value on the date of grant at approximately $875,000 or $0.35 per share. The shares granted to employees (1,300,000) vest one third on the date of grant and one third at the end of each of the years ending two and three years after the date of issuance. These remaining restricted shares issued to consultants vest one third at the end of each of the first three years from the date of issuance.

During the years ended December 31, 2013 and 2012, the Company recorded stock-based compensation expense in connection with restricted stock awards of $4,772,162 and $5,048,047, respectively.  At December 31, 2013, there was a total of $3,527,461 unrecognized compensation expense in connection with restricted stock awards.

Common Stock Options

A summary of the Company’s stock options as of December 31, 2013 and 2012 and changes during the period are presented below:

Number of

Weighted

Weighted

Options

Average

Average

Exercise Price

Remaining

Contractual Life

(Years)

Balance at December 31, 2011

3,548,000

$

1.11

8.45

Granted

32,250,000

0.39

10

Exercised

—

—

—

Forfeited

(500,000

)

0.81

8.59

Cancelled

—

—

—

Balance at December 31, 2012

35,298,000

0.42

9.11

Granted

350,000

0.42

4.14

Exercised

—

—

—

Forfeited

(2,748,000

)

1.17

7

Cancelled

—

—

—

Balance outstanding at December 31, 2013

32,900,000

$

0.4

8.18

Options exercisable at end of year

32,000,000

$

0.4

Options expected to vest

900,000

Weighted average fair value of options granted during the period

$

0.24

Stock options outstanding at December 31, 2013 as disclosed in the above table have approximately $26,000 intrinsic value at the end of the year.

On September 29, 2010, the Company’s Board of Directors and stockholders adopted the 2010 Stock Incentive Plan (the “2010 Plan”). Under the 2010 Plan, options may be granted which are intended to qualify as Incentive Stock Options under Section 422 of the Internal Revenue Code of 1986 (the “Code”) or which are not intended to qualify as Incentive Stock Options thereunder. In addition, direct grants of stock or restricted stock may be awarded.  The 2010 Plan has reserved 2,800,000 shares of common stock for issuance, and there are currently outstanding stock-based awards to purchase 2,150,000 shares of the Company’s common stock under the 2010 Plan.

On February 9, 2012, the holders of approximately 53% of the outstanding shares of the Company’s common stock voted in favor of the adoption of the Company’s 2012 Equity Incentive Plan (the “2012 Plan”).  The Board approved the 2012 Plan on February 9, 2012, which reserves 40,000,000 shares of common stock for issuance thereunder in the form of qualified incentive stock options, non-qualified stock options and restricted stock grants, issuable to the Company’s officers, directors, employees and consultants. As of December 31, 2013, there are 500,000 shares remaining available for future issuances of stock-based awards under the 2012 Plan.

On February 9, 2012, the Company granted 10,000,000 10-year options to purchase shares of common stock at $0.45 to the Company’s CEO. The options were valued at approximately $0.45 per option or a total of $4,537,000 using a Black-Scholes option pricing model with the following assumptions: stock price of $0.49 per share, volatility of 110%, expected term of 10 years, and a risk free interest rate of 2.04%.

On March 6, 2012, the Company granted an aggregate of 1,100,000 10-year options to purchase shares of common stock at $0.45 per share, the market price on the date of issuance, which vests 25% on date of issuance; 25% on each of December 31, 2012; December 31, 2013 and December 31, 2014 to two employees and a consultant of the Company. The 1,100,000 options were valued on the grant date at approximately $0.41 per option or a total of $448,690 using a Black-Scholes option pricing model with the following assumptions: stock price of $0.45 per share, volatility of 103%, expected term of 10 years, and a risk free interest rate of 1.98%.

On April 6, 2012, pursuant to a consulting agreement, the Company agreed to pay Mr. Honig, a director of the Company, a ten-year option to purchase 12,000,000 shares of the Company’s common stock, exercisable at $0.35 per share which vested in full on the date of issuance. The 12,000,000 options were valued on the grant date at approximately $0.39 per option or a total of $4,633,200 using a Black-Scholes option pricing model with the following assumptions: stock price of $0.46 per share, volatility of 105%, expected term of 6 years, and a risk free interest rate of 0.89%.  Additionally, in April 2012, the Company paid a one-time payment of $200,000 to Mr. Honig pursuant to the consulting agreement.

On June 18, 2012, the Company granted an aggregate of 6,000,000 10-year options to purchase shares of common stock exercisable at $0.34 per share to the Company’s CEO and Mr. Honig, a director of the Company. The 6,000,000 options were valued on the grant date at approximately $0.28 per option or a total of $1,660,200 using a Black-Scholes option pricing model with the following assumptions: stock price of 0.34 per share, volatility of 107%, expected term of 6 years, and a risk free interest rate of 0.69%.

On June 18, 2012, the Company granted an aggregate of 2,700,000 10-year options to purchase shares of common stock at $0.34 per share which vests 25% on date of issuance; 25% on each of December 31, 2012; December 31, 2013 and December 31, 2014 to a former director of the Company, three employees and three consultants of the Company. The 2,700,000 options were valued on the grant date at approximately $0.28 per option or a total of $747,090 using a Black-Scholes option pricing model with the following assumptions: stock price of $0.34 per share, volatility of 107%, expected term of 6 years, and a risk free interest rate of 0.69%.

Between July 2012 and September 2012, the Company granted 150,000, 4 year options to purchase shares of common stock to a consultant and 300,000, 10 year options to purchase shares of common stock to an employee at exercise prices ranging between $0.31 to $0.36 per share pursuant to an employment and consulting agreement. These options were subject to vesting periods per the terms of their agreement. The 450,000 options were valued on the grant date ranging from approximately $0.24 to $0.28 per option or a total of $119,895 using a Black-Scholes option pricing model with the following assumptions: stock price ranging from $0.31 to $0.36 per share, volatility ranging from $99% to 103%, expected term of 4 to 6 years, and a risk free interest rate of 0.62% to 0.67%.

On February 12, 2013, the Board approved the adoption of a 2013 Equity Incentive Plan (the “2013 Plan”). The 2013 Plan provides for the grant of incentive stock options, nonqualified stock options, restricted stock, restricted stock units, stock appreciation rights and other types of stock-based awards to the Company’s employees, officers, directors and consultants.  Pursuant to the terms of the 2013 Plan, either the Board or a board committee is authorized to administer the plan, including by determining which eligible participants will receive awards, the number of shares of common stock subject to the awards and the terms and conditions of such awards. Up to 40 million shares of common stock are issuable pursuant to awards under the 2013 Plan. As of December 31, 2013, there were 29,375,000 shares remaining available for future issuances of stock-based awards under the 2013 Plan.

In March 2013, the Company granted 150,000 3-year options to purchase shares of common stock exercisable at $0.44 per share to consultants of the Company pursuant to a consulting agreement for business advisory services. The stock options fully vested by May 31, 2013. The 150,000 options were valued on the grant date at approximately $0.25 per option or a total of $38,058 using a Black-Scholes option pricing model with the following assumptions: stock price of $0.44 per share, volatility of 92%, expected term of 3 years, no dividend yield and a risk free interest rate of 0.35%.

In March 2013, the Company extended the exercise period of stock options to purchase 500,000 shares of common stock previously granted to the Company’s former Vice President of Finance and Administration and director on June 18, 2012. The exercise period was extended to December 31, 2013 from March 31, 2013. The Company valued the extension of the option period utilizing the Black-Scholes option pricing model using the following assumptions: estimated volatility of 92%, risk-free interest rate of 0.14%, no dividend yield, and an expected life of 0.75 years, and recorded $35,079 as stock based compensation during the year ended December 31, 2013. Such options were forfeited on December 31, 2013.

In August 2013, the Company granted 200,000 5-year options to purchase shares of common stock exercisable at $0.40 per share to consultants of the Company pursuant to a consulting agreement for investor relations services. The stock options vest immediately and were valued on the grant date at approximately $0.23 per option or a total of $45,080 using a Black-Scholes option pricing model with the following assumptions: stock price of $0.35 per share, volatility of 86%, expected term of 5 years, no dividend yield and a risk free interest rate of 1.57%.

During the years ended December 31, 2013 and 2012, the Company recorded stock based compensation expense related to options of $383,555 and $13,163,509, respectively. At December 31, 2013, there was a total of $96,845 of unrecognized compensation expense related to non-vested options.

Common Stock Warrants

A summary of the Company’s outstanding stock warrants as of December 31, 2013 and 2012 and changes during the period then ended is as follows:

Number of Warrants

Weighted Average

Weighted

Exercise Price

Average

Remaining

Contractual

Life (Years)

Balance at December 31, 2011

35,603,142

$

2.64

3.94

Granted

24,482,741

0.56

4.59

Cancelled

(32,430,954

)

2.83

3.86

Forfeited

—

—

—

Exercised

(11,399,150

)

0.42

4.64

Balance at December 31, 2012

16,255,779

$

0.54

2.42

Granted

13,435,590

0.4

3

Cancelled

(3,446,748

)

0.65

0.6

Forfeited

—

—

—

Exercised

—

—

—

Balance at December 31, 2013

26,244,621

$

0.45

2.22

Warrants exercisable at December 31, 2013

26,244,621

$

0.45

2.22

Weighted average fair value of options granted during the year ended December 31, 2013

$

0.17

For the years ended December 31, 2013 and 2012, the Company recognized stock based compensation of $0 and $165,730, respectively, which represents the portion of the vested replacement warrants awards attributable to post-combination services due to the assumption of the stock warrants of Continental during fiscal 2011 and was accounted for under ASC 805-30-30-9 (“Acquirer Share-Based Payment Awards Exchanged for Awards Held by the Acquiree’s Employees).

Between January and February 2012, the Company sold an aggregate of 2,237,500 units with net proceeds to the Company of $847,500. Each unit was sold for a purchase price of $0.40 per unit and consisted of: (i) one share of common stock and (ii) a two-year warrant to purchase 50% (1,118,750 warrants) of the number of shares of common stock purchased at an exercise price of $0.60 per share, subject to adjustment upon the occurrence of certain events. The warrants may be exercised at any time on a cashless basis at 100% of the closing price for the common stock on the business day immediately prior to the date of exercise. In March 2012, the Company issued 336,974 shares of common stock in connection with the exercise of these 968,750 stock warrants on a cashless basis.

On February 23, 2012, the Company entered into a Stock Purchase Agreement with two subscribers and sold 1,000,000 shares of the Series D Preferred Stock and an aggregate of 8,750,000 warrants to acquire shares of Common Stock for an aggregate purchase price of $1,000,000. On March 29, 2012, the Company issued 2,967,143 shares of common stock in connection with the exercise of 5,250,000 stock warrants on a cashless basis.

On February 23, 2012, as previously discussed, in connection with a Note Modification Agreement, the Company issued warrants to purchase an aggregate of 4,144,320 shares of common stock to Platinum and warrants to purchase an aggregate of 1,036,080 shares of common stock to Lakewood (see Note 8). The warrants may be exercised at any time, in whole or in part, at an exercise price of $0.40 per share until the fifth anniversary of their issuance. The warrants may be exercised on a cashless basis at any time. In February 2012, the Company issued 2,925,601 shares of common stock in connection with the exercise of these 5,180,400 stock warrants on a cashless basis.

On March 6, 2012, the Company issued a warrant to purchase 400,000 shares of the Company’s common stock at an exercise price equal to the market price of the Company’s common stock on the date of issuance or at $0.45 per share to a consultant in consideration for services rendered. The 400,000 warrants were valued on the grant date at approximately $0.41 per option or a total of $163,155 using a Black-Scholes option pricing model with the following assumptions: stock price of $0.45 per share, volatility of 110%, expected term of 10 years, and a risk free interest rate of 1.98%. For the year ended December 31, 2012, the Company recognized stock based consulting of $163,155.

On April 5, 2012, the Company issued to Victoria Gold and Victoria Resources (US) Inc. 10 million shares of the Company’s common stock, and a 2 year warrant to purchase 5 million shares of common stock at a purchase price of $0.60 per share in connection with the acquisition of rights to approximately 13,300 acres of mining claims and private lands adjacent to the Company’s landholdings at the Relief Canyon Mine in Pershing County, Nevada (see Note 5). The 5 million warrants were valued on the grant date at approximately $0.22 per warrant or a total of $1,109,441 using a Black-Scholes option pricing model with the following assumptions: stock price of $0.46 per share, volatility of 105%, expected term of 2 years, and a risk free interest rate of 0.35%. For the year ended December 31, 2012, the Company recorded the value of such shares and warrants into mineral rights as reflected in the accompanying consolidated balance sheets.

On December 3, 2012, the Company completed a private placement to several accredited investors for 9,469,548 shares of its common stock and 3,787,819 warrants for aggregate gross proceeds of $3,124,950. The warrants are exercisable immediately at an exercise price of $0.50 per share and will expire on December 7, 2015.  The warrant contains customary adjustment provisions in the event of dividends or recapitalizations. In addition, the Company paid aggregate consideration of 303,030 shares of the Company’s common stock and 121,212 warrants, in lieu of $100,000 as consideration for certain placement agent services in connection with the private placement.

In May 2013, the Company paid a total of $45,484 in connection with the cancellation of 3,446,748 warrants to acquire the Company’s common stock. This was reflected as warrant settlement expense in the Company’s Statement of Operations during the year ended December 31, 2013.

In August 2013, as part of the Series E Preferred Stock private placement, the Company issued a total of 13,435,590 3-year warrants to purchase shares of the Company’s common stock at an exercise price of $0.40 per share.

Treasury Stock

The Company accounts for treasury stock under the cost method. On December 16, 2013, the Company repurchased 127,015 shares of its common stock from certain employees of the Company for $44,455. Such purchase price of the treasury stock is reflected separately as a deduction from stockholders’ equity.

NET_LOSS_PER_COMMON_SHARE

NET LOSS PER COMMON SHARE	6 Months Ended													12 Months Ended
	Jun. 30, 2014													Dec. 31, 2013
NET LOSS PER COMMON SHARE	'													'
NET LOSS PER COMMON SHARE	'													'
	NOTE 9 — NET LOSS PER COMMON SHARE													NOTE 12 — NET LOSS PER COMMON SHARE
	Net loss per common share is calculated in accordance with ASC Topic 260, “Earnings Per Share”. Basic loss per share is computed by dividing net loss available to common stockholder, adjusted for preferred dividends, by the weighted average number of shares of common stock outstanding during the period. The computation of diluted net loss per share does not include anti-dilutive common stock equivalents in the weighted average shares outstanding.													Net loss per common share is calculated in accordance with ASC Topic 260, “Earnings Per Share”. Basic loss per share is computed by dividing net loss available to common stockholders, adjusted for preferred dividends, by the weighted average number of shares of common stock outstanding during the period. The computation of diluted net loss per share does not include anti-dilutive common stock equivalents in the weighted average shares outstanding. The following table sets forth the computation of basic and diluted loss per share:
	The following table sets forth the computation of basic and diluted loss per share:														For the			For the
															year ended			year ended
		For the Three			For the Three			For the Six			For the Six				December 31,			December 31,
		Months			Months			Months			Months				2013			2012
		ended			ended			ended			ended
		June 30,			June 30,			June 30,			June 30,			Numerator:
		2014			2013			2014			2013			Loss from continuing operations available to common stockholders	$	(18,205,047	)	$	(51,776,676	)
	Numerator:													Loss from discontinued operations	$	—		$	(50,298	)
	Net loss	$	(3,840,338	)	$	(1,987,728	)	$	(6,953,161	)	$	(5,044,226	)
	Denominator:													Denominator:
	Denominator for basic and diluted loss per share	280,270,650			273,292,023			279,065,711			271,700,310			Denominator for basic and diluted loss per share (weighted-average shares)	272,620,776			219,530,283
	(weighted-average shares)
														Loss per common share, basic and diluted:
	Net loss per common share, basic and diluted	$	(0.01	)	$	(0.01	)	$	(0.02	)	$	(0.02	)	Loss from continuing operations	$	(0.07	)	$	(0.24	)
														Loss from discontinued operations	$	(0.00	)	$	(0.00	)
	The following were excluded from the computation of diluted shares outstanding as they would have had an anti-dilutive impact on the Company’s loss from continuing operations and loss from discontinued operations. In periods where the Company has a net loss, all dilutive securities are excluded.
														The following were excluded from the computation of diluted shares outstanding as they would have had an anti-dilutive impact on the Company’s loss from continuing operations and loss from discontinued operations. In periods where the Company has a net loss, all dilutive securities are excluded.
		June 30, 2014		June 30, 2013
	Common stock equivalents:														December 31,		December 31,
	Stock options	32,900,000		33,200,000											2013		2012
	Stock warrants	21,244,621		12,809,031										Common stock equivalents:
	Convertible preferred stock	28,818,000		—										Stock options	32,900,000		35,298,000
		82,962,621		46,009,031										Stock warrants	26,244,621		16,255,779
														Convertible preferred stock	33,555,000		—
															92,699,621		51,553,779

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended			12 Months Ended
	Jun. 30, 2014			Dec. 31, 2013
COMMITMENTS AND CONTINGENCIES	'			'
COMMITMENTS AND CONTINGENCIES	'			'
	NOTE 10 — COMMITMENTS AND CONTINGENCIES			NOTE 14 — COMMITMENTS AND CONTINGENCIES
	Operating Lease			Operating Lease
	In February 2012, the Company signed a three year lease agreement for office space located in Lakewood, Colorado containing approximately 2,390 net rentable square feet with a term commencing in March 2012 and expiring in April 2015. The lease requires the Company to pay an annual base rent of $18.50 per rentable square foot or $44,215 plus a pro rata share of operating expenses. The base rent is subject to annual increases beginning on May 1, 2013 as defined in the lease agreement. Future minimum rental payments required under the lease are as follows:			In February 2012, the Company signed a three year lease agreement for office space located in Lakewood, Colorado containing approximately 2,390 net rentable square feet with a term commencing in March 2012 and expiring in April 2015. The lease requires the Company to pay an annual base rent of $18.50 per rentable square foot or $44,215 plus a pro rata share of operating expenses. The base rent is subject to annual increases beginning on May 1, 2013 as defined in the lease agreement. Future minimum rental payments required under the lease are as follows:
	2014	$	23,303	2014	$	46,207
	2015	15,535		2015 and thereafter	15,535
		$	38,838		$	61,742
	Rent expense was $23,811 and $22,307 for the six months ended June 30, 2014 and 2013, respectively.			Rent expense was $45,012 and $28,050 for the years ended December 31, 2013 and 2012, respectively.
	Mining Leases			Mining Leases
	As more fully discussed in Note 4 — Mineral Properties, the Company leases certain mineral properties included in its Pershing Pass Property. The future minimum lease payments under these mining leases are as follows:			As more fully discussed in Note 5 — Mineral Properties the Company leases certain mineral properties on its Pershing Pass Property. The future minimum lease payments under these mining leases are as follows:
	2014	$	10,000	2014	$	10,000
	2015	10,000		2015	10,000
	2016	20,000		2016	20,000
	2017	25,000		2017	25,000
	2018	25,000		2018	25,000
	Thereafter	117,500		Thereafter	117,500
		$	207,500		$	207,500
				The Company incurred mining lease payments of $25,000 and $10,000 for the years ended December 31, 2013 and 2012, respectively.
				Litigation
				Relief Gold
				Relief Gold Group, Inc., v Sagebrush Gold Ltd, Gold Acquisition Corp., Barry C. Honig, and David S. Rector (12 civ 0952)
				On February 7, 2012, the Company obtained a copy of a complaint filed in the United States District Court for the Southern District of New York (the “Complaint”) entitled Relief Gold Group, Inc., v Sagebrush Gold Ltd, Gold Acquisition Corp., Barry C. Honig, and David S. Rector (12 civ 0952). Relief Gold alleged various causes of action including breach of contract, intentional interference with contract, intentional interference with prospective business relationship/economic relations, misappropriation of trade secrets and unjust enrichment, related to the Company’s acquisition on August 30, 2011 of the assets of the Relief Canyon Mine pursuant to Chapter 11 of the Bankruptcy Code. Relief Gold sought money damages and to enjoin Sagebrush, Honig, Rector and GAC from exercising its rights and privileges gained or acquired as a result of any alleged unlawful conduct, including any management rights over GAC or the assets acquired by GAC as a result of the alleged wrongful conduct of the other defendants. Relief Gold further sought to disgorge the profits, benefits and any other advantages gained by reason of the alleged unlawful conduct. The Company served and filed its answer to the Complaint on May 24, 2012, in which it denied the material allegations and asserted a number of affirmative defenses. On September 18, 2012, a stipulation and order to transfer the case to the Northern District of Nevada was filed and the case was transferred to said court.
				The Company disputed the allegations in the Complaint and defended the claims. On or about February 29, 2012, Gold Acquisition Corp. commenced an adversary proceeding in the United States Bankruptcy Court for the District of Nevada against FirstGold, Terence Lynch and Relief Gold Group, and moved, by order to show cause, for a preliminary injunction and temporary restraining order staying the prosecution of the above-referenced action pending in the Southern District. The motion for a preliminary injunction was denied on or about March 15, 2012. Relief Gold and Lynch filed a motion to dismiss and a hearing was set for May 2013.
				Pursuant to the stipulation of all parties, this proceeding was dismissed with prejudice on April 17, 2013.
				Gold Acquisition Corp., v FirstGold Corp. et al (Case No. 12-05013-GWZ)
				On or about February 29, 2012, Gold Acquisition Corp. (“GAC”) commenced an adversary proceeding in the United States Bankruptcy Court for the District of Nevada against FirstGold, Terence Lynch and Relief Gold Group, and moved, by order to show cause, for a preliminary injunction and temporary restraining order staying the prosecution of the above-referenced action pending in the Southern District. The motion for a preliminary injunction was denied on or about March 15, 2012. Firstgold filed a motion to dismiss the complaint on April 23, 2012. On June 27, 2012, the Court ordered a “stand still” of this litigation, effectively staying any further action, until December 12, 2012, extended until the hearing on the Adversary Complaint Defendants’ Motion to Dismiss scheduled for May 2013.
				GAC also filed a Motion for Order to Show Cause in Firstgold’s main bankruptcy action Case No. 10-50215-GWZ requesting that the court require Firstgold to complete documentation for conveyance of property. That motion was granted on or about February 28, 2012.
				Pursuant to the stipulation of all parties, this proceeding was dismissed with prejudice on April 30, 2013.

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	6 Months Ended	12 Months Ended
	Jun. 30, 2014	Dec. 31, 2013
SUBSEQUENT EVENTS	'	'
SUBSEQUENT EVENTS	'	'
	NOTE 11 — SUBSEQUENT EVENTS	NOTE 16 — SUBSEQUENT EVENTS
	Private Placements	During February and March 2014 certain holders of the Company’s Series E Convertible Preferred Stock converted 1,473 shares into 4,419,000 shares of common stock of the Company in accordance with the Series E certificate of designation. The conversion rate applied to these exchanges was 3,000 shares of common stock for each share of Series E which was equivalent to a conversion price of $0.33 per share of common stock.
	On July 2, 2014, the Company issued 26,578,854 Units, with each Unit comprised of one share of Common Stock (the “Unit Shares”) and a 30 month warrant (the “Warrant”) to purchase 0.4 of a share of Common Stock (the “Warrant Shares”) at an exercise price of $0.45, for a total of 26,578,854 shares of Common Stock and Warrants to acquire an additional 10,631,522 shares of Common Stock, all pursuant to subscription agreements (each, a “Subscription Agreement”) and a unit purchase agreement (the “Unit Purchase Agreement”) entered into with accredited investors.  The gross proceeds totaled approximately $9.0 million and net proceeds of approximately $8.2 million after commissions and expenses. The Warrants sold as part of the Units are exercisable immediately at an exercise price of $0.45 per share of Common Stock, subject to adjustment in the event of stock dividends, recapitalizations or certain other transactions.  The Warrants will expire on January 2, 2017. Certain FINRA broker-dealers acted on behalf of the Company and were paid aggregate cash commissions of approximately $700,000 and expenses of approximately $120,000 and were issued 30 month warrants to purchase an aggregate of 1,884,139 shares of Common Stock at an exercise price of $0.34.
	On July 14, 2014, the Company issued 2,461,760 Units, with each Unit comprised of one share of Common Stock and a 30 month warrant to purchase 0.4 of a share of Common Stock at an exercise price of $0.45, for a total of 2,461,760 shares of Common Stock and Warrants to acquire an additional 984,700 shares of Common Stock, all pursuant to subscription agreements and a unit purchase agreement entered into with accredited investors.  The gross proceeds totaled approximately $0.8 million and the net proceeds totaled approximately $0.7 million after commissions and expenses. In connection with this private placement, certain FINRA broker-dealers acted on behalf of the Company and were paid aggregate cash commissions of approximately $84,000 and expenses of approximately $16,000 and were issued 30 month warrants to purchase an aggregate of 241,252 shares of Common Stock at an exercise price of $0.34.
	On July 30, 2014, the Company issued 6,813,645 Units, with each Unit comprised of one share of Common Stock and a 30 month warrant to purchase 0.4 of a share of Common Stock at an exercise price of $0.45, for a total of 6,813,645 shares of Common Stock and Warrants to acquire an additional 2,725,454 shares of Common Stock, all pursuant to subscription agreements and a unit purchase agreement entered into with accredited investors.  The gross proceeds totaled approximately $2.3 million and the net proceeds totaled approximately $2.2 million after commissions and expenses. In connection with this private placement, certain FINRA broker-dealers acted on behalf of the Company and were paid aggregate cash commissions of approximately $100,000 and expenses of approximately $18,000 and were issued 30 month warrants to purchase an aggregate of 342,855 shares of Common Stock at an exercise price of $0.34.
	Conversion of Series E shares
	During July 2014 certain holders of the Company’s Series E Stock converted 181 shares into 543,000 shares of common stock of the Company in accordance with the Series E Stock certificate of designation. The conversion rate applied to these exchanges was 3,000 shares of common stock for each share of Series E Stock which was equivalent to a conversion price of $0.33 per share of common stock.

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended	12 Months Ended
	Jun. 30, 2014	Dec. 31, 2013
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'	'
Basis of presentation and principles of consolidation	'	'
	Basis of presentation and principles of consolidation	Basis of Presentation and Principle of Consolidation
	The consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (“US GAAP”) and present the consolidated financial statements of the Company as of June 30, 2014. All intercompany transactions and balances have been eliminated. All adjustments (consisting of normal recurring items) necessary to present fairly the Company’s financial position as of June 30, 2014, and the results of operations and cash flows for the six months ended June 30, 2014 have been included. The results of operations for the six months ended June 30, 2014 are not necessarily indicative of the results to be expected for the full year. The accounting policies and procedures employed in the preparation of these consolidated financial statements have been derived from the audited financial statements of the Company for the fiscal year ended December 31, 2013, which are contained in the Company’s Form 10-K as filed with the Securities and Exchange Commission (“SEC”) on March 26, 2014. The consolidated balance sheet as of December 31, 2013, contained herein, was derived from those financial statements.	The consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (“US GAAP”) and present the consolidated financial statements of the Company and its majority-owned subsidiaries as of December 31, 2013. In the preparation of the consolidated financial statements of the Company, intercompany transactions and balances are eliminated and net earnings are reduced by the portion of the net earnings of subsidiaries applicable to non-controlling interests.
Use of estimates	'	'
	Use of estimates	Use of Estimates and Assumptions
	In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated balance sheet, and revenues and expenses for the period then ended. Actual results may differ significantly from those estimates. Significant estimates made by management include, but are not limited to, allowance for bad debts, the useful life of property and equipment, the assumptions used to calculate fair value of options and warrants granted and derivative liability, beneficial conversion on convertible notes payable and preferred stock, capitalized mineral rights, asset valuations, common stock issued for services, common stock issued for conversion of notes and common stock issued in connection with an acquisition.	In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated balance sheet, and revenues and expenses for the period then ended. Actual results may differ significantly from those estimates. Significant estimates made by management include, but are not limited to, allowance for bad debts, the useful life of property and equipment, the assumptions used to calculate fair value of options and warrants granted and derivative liability, beneficial conversion on convertible notes payable and preferred stock, capitalized mineral rights, asset valuations, common stock issued for services, common stock issued for conversion of notes and common stock issued in connection with an acquisition.
Cash and cash equivalents	'	'
	Cash and cash equivalents	Cash and Cash Equivalents
	The Company considers all highly liquid investments with a maturity of three months or less when acquired to be cash equivalents. The Company places its cash with high credit quality financial institutions. The Company’s accounts at these institutions are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000. At June 30, 2014, the Company had bank balances exceeding the FDIC insurance limit on interest bearing accounts. To reduce its risk associated with the failure of such financial institutions, the Company evaluates at least annually the rating of the financial institutions in which it holds deposits.	The Company considers all highly liquid investments with a maturity of three months or less when acquired to be cash equivalents. The Company places its cash with a high credit quality financial institution. The Company’s accounts at this institution are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000. At December 31, 2013, the Company had bank balances exceeding the FDIC insurance limit on interest bearing accounts. To reduce its risk associated with the failure of such financial institution, the Company evaluates at least annually the rating of the financial institution in which it holds deposits.
Restricted cash	'	'
	Restricted cash	Restricted Cash
	Restricted cash consists of cash and investments which are held as collateral under a surface management surety bond issued on the Company’s behalf.	Restricted cash consists of cash and investments which are held as collateral under a surface management surety bond issued on the Company’s behalf.
Marketable securities	'	'
	Marketable securities	Marketable Securities
	Marketable securities consist of the Company’s investment in publicly traded equity securities and are generally restricted for sale under Federal securities laws. The Company’s policy is to liquidate securities received when market conditions are favorable for sale. Since these securities are often restricted, the Company is unable to liquidate them until the restriction is removed. Marketable securities that are bought and held principally for the purpose of selling them in the near term are to be classified as trading securities and reported at fair value, with unrealized gains and losses included in earnings. Pursuant to ASC Topic 320, “Investments — Debt and Equity Securities,” the Company’s marketable securities have a readily determinable and active quoted price, such as from NASDAQ, NYSE Euronext, the Over the Counter Bulletin Board, and the OTC Markets Group.	Marketable securities consist of the Company’s investment in publicly traded equity securities and are generally restricted for sale under Federal securities laws. The Company’s policy is to liquidate securities received when market conditions are favorable for sale. Since these securities are often restricted, the Company is unable to liquidate them until the restriction is removed. Marketable securities that are bought and held principally for the purpose of selling them in the near term are to be classified as trading securities and reported at fair value, with unrealized gains and losses included in earnings. Pursuant to ASC Topic 320, “Investments — Debt and Equity Securities,” the Company’s marketable securities have a readily determinable and active quoted price, such as from NASDAQ, NYSE Euronext, the Over the Counter Bulletin Board, and the OTC Markets Group.
	Trading securities are carried at fair value, with changes in unrealized holding gains and losses included in income and classified within interest and other income, net, in the accompanying consolidated statements of operations.	Trading securities are carried at fair value, with changes in unrealized holding gains and losses included in income and classified within interest and other income, net, in the accompanying consolidated statements of operations.
	Available for sale securities are carried at fair value, with changes in unrealized gains or losses are recognized as an element of comprehensive income based on changes in the fair value of the security. Once liquidated, realized gains or losses on the sale of marketable securities available for sale are reflected in the net income (loss) for the period in which the security was liquidated.	Available for sale securities are carried at fair value, with changes in unrealized gains or losses are recognized as an element of comprehensive income based on changes in the fair value of the security. Once liquidated, realized gains or losses on the sale of marketable securities available for sale are reflected in the net income (loss) for the period in which the security was liquidated.
Fair value of financial instruments	'	'
	Fair value of financial instruments	Fair Value of Financial Instruments
	The Company adopted ASC 820, “Fair Value Measurements and Disclosures” (“ASC 820”), for assets and liabilities measured at fair value on a recurring basis. ASC 820 establishes a common definition for fair value to be applied to existing generally accepted accounting principles that require the use of fair value measurements, establishes a framework for measuring fair value and expands disclosure about such fair value measurements. The adoption of ASC 820 did not have an impact on the Company’s financial position or operating results, but did expand certain disclosures.	The Company adopted ASC 820, “Fair Value Measurements and Disclosures” (“ASC 820”), for assets and liabilities measured at fair value on a recurring basis. ASC 820 establishes a common definition for fair value to be applied to existing generally accepted accounting principles that require the use of fair value measurements, establishes a framework for measuring fair value and expands disclosure about such fair value measurements. The adoption of ASC 820 did not have an impact on the Company’s financial position or operating results, but did expand certain disclosures.
	ASC 820 defines fair value 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. Additionally, ASC 820 requires the use of valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs.	ASC 820 defines fair value 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. Additionally, ASC 820 requires the use of valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. These inputs are prioritized below:
	These inputs are prioritized below:	Level 1:                                 Observable inputs such as quoted market prices in active markets for identical assets or Liabilities
		Level 2:                                 Observable market-based inputs or unobservable inputs that are corroborated by market data
	Level 1:                 Observable inputs such as quoted market prices in active markets for identical assets or liabilities	Level 3:                                 Unobservable inputs for which there is little or no market data, which require the use of the reporting entity’s own assumptions.
	Level 2:                 Observable market-based inputs or unobservable inputs that are corroborated by market data
	Level 3:                 Unobservable inputs for which there is little or no market data, which require the use of the reporting entity’s own assumptions.	The Company analyzes all financial instruments with features of both liabilities and equity under the FASB’s accounting standard for such instruments. Under this standard, financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.
	The Company analyzes all financial instruments with features of both liabilities and equity under the FASB’s accounting standard for such instruments. Under this standard, financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.	Depending on the product and the terms of the transaction, the fair value of notes payable and derivative liabilities were modeled using a series of techniques, including a closed-form analytic formula, such as the Black-Scholes option-pricing model.
	Depending on the product and the terms of the transaction, the fair value of notes payable and derivative liabilities were modeled using a series of techniques, including closed-form analytic formula, such as the Black-Scholes option-pricing model.	The Company classified the investments in marketable securities available for sale as Level 3, adjusted for the effect of restriction. The securities were restricted and cannot be readily resold by the Company absent a registration of the sale of those securities under the Securities Act of 1933 as amended (the “Securities Act”) or the availability of an exemption from the registration. Unrealized gains or losses on marketable securities available for sale were recognized as an element of comprehensive income based on changes in the fair value of the security. Once liquidated, realized gains or losses on the sale of marketable securities available for sale were reflected in net income for the period in which the security was liquidated. At the end of each period, the Company evaluated the carrying value of the marketable securities for a decrease in value. The Company evaluated the entity underlying these marketable securities to determine whether a decline in fair value below the amortized cost basis is other than temporary. If the decline in fair value is judged to be “other- than- temporary”, the cost basis of the individual security is written down to fair value as a new cost basis and the amount of the write-down is charged to earnings.
	The Company classified the investments in marketable securities available for sale as Level 3, adjusted for the effect of restriction. The securities were restricted and cannot be readily resold by the Company absent a registration of the sale of those securities under the Securities Act of 1933, as amended (the “Securities Act”) or the availability of an exemption from registration. Unrealized gains or losses on marketable securities available for sale were recognized as an element of comprehensive income based on changes in the fair value of the security. Once liquidated, realized gains or losses on the sale of marketable securities available for sale were reflected in net income for the period in which the security was liquidated. At the end of each period, the Company evaluated the carrying value of the marketable securities for a decrease in value. The Company evaluated the entity underlying these marketable securities to determine whether a decline in fair value below the amortized cost basis is other than temporary. If the decline in fair value is judged to be “other- than- temporary”, the cost basis of the individual security is written down to fair value as a new cost basis and the amount of the write-down is charged to earnings.	The carrying amounts reported in the consolidated balance sheets for cash and cash equivalents, prepaid expenses, accounts payable and accrued expenses approximate their estimated fair market value based on the short-term maturity of these instruments. The carrying amount of the notes payable at December 31, 2013 approximate their respective fair value based on the Company’s incremental borrowing rate.
	The carrying amounts reported in the consolidated balance sheets for cash and cash equivalents, prepaid expenses, accounts payable and accrued expenses approximate their estimated fair market values based on the short-term maturity of these instruments. The carrying amount of the note payable at June 30, 2014 approximates its respective fair value based on the Company’s incremental borrowing rate.
Prepaid expenses	'	'
	Prepaid expenses	Prepaid Expenses and Other Current Assets
	Prepaid expenses of $399,032 and $582,278 at June 30, 2014 and December 31, 2013, respectively, consist primarily of costs paid for future services which will occur within a year. Prepaid expenses principally include prepayments for consulting and business advisory services, insurance premiums, drilling services, and mineral lease fees which are being amortized over the terms of their respective agreements.	Prepaid expenses of $582,278 and $502,837 at December 31, 2013 and 2012, respectively, consist primarily of costs paid for future services which will occur within a year. Prepaid expenses principally include prepayments for consulting and business advisory services, insurance premiums, surface management surety bond premium, and mineral lease fees which are being amortized over the terms of their respective agreements.
Mineral property acquisition and exploration costs	'	'
	Mineral property acquisition and exploration costs	Mineral Property Acquisition and Exploration Costs
	Costs of lease, exploration, carrying and retaining unproven mineral lease properties are expensed as incurred. The Company expenses all mineral exploration costs as incurred as it is still in the exploration stage. If the Company identifies proven and probable reserves in its investigation of its properties and upon development of a plan for operating a mine, it would enter the development stage and capitalize future costs until production is established. When a property reaches the production stage, the related capitalized costs are amortized using the units-of-production method over the estimated life of the proven and probable reserves. If in the future the Company has capitalized mineral properties, these properties will be periodically assessed for impairment. To date, the Company has not established the commercial feasibility of any exploration prospects; therefore, all exploration costs are being expensed. During the six months ended June 30, 2014 and 2013, the Company incurred exploration cost of $1,881,425 and $715,075, respectively.	Costs of lease, exploration, carrying and retaining unproven mineral lease properties are expensed as incurred. The Company expenses all mineral exploration costs as incurred as it is still in the exploration stage. If the Company identifies proven and probable reserves in its investigation of its properties and upon development of a plan for operating a mine, it would enter the development stage and capitalize future costs until production is established. When a property reaches the production stage, the related capitalized costs are amortized using the units-of-production method over the estimated life of the proven and probable reserves. If in the future the Company has capitalized mineral properties, these properties will be periodically assessed for impairment. To date, the Company has not established the commercial feasibility of any exploration prospects; therefore, all costs are being expensed. During the years ended December 31, 2013 and 2012, the Company incurred exploration cost of $3,204,629 and $5,221,001, respectively.
	ASC 930-805, “Extractive Activities-Mining: Business Combinations” (“ASC 930-805”), states that mineral rights consist of the legal right to explore, extract, and retain at least a portion of the benefits from mineral deposits. Mining assets include mineral rights. Acquired mineral rights are considered tangible assets under ASC 930-805. ASC 930-805 requires that mineral rights be recognized at fair value as of the acquisition date. As a result, the direct costs to acquire mineral rights are initially capitalized as tangible assets. Mineral rights include costs associated with acquiring patented and unpatented mining claims.	ASC 930-805, “Extractive Activities-Mining: Business Combinations” (“ASC 930-805”), states that mineral rights consist of the legal right to explore, extract, and retain at least a portion of the benefits from mineral deposits. Mining assets include mineral rights. Acquired mineral rights are considered tangible assets under ASC 930-805. ASC 930-805 requires that mineral rights be recognized at fair value as of the acquisition date. As a result, the direct costs to acquire mineral rights are initially capitalized as tangible assets. Mineral rights include costs associated with acquiring patented and unpatented mining claims.
	ASC 930-805-30-1 and 30-2 provides that in fair valuing mineral assets, an acquirer should take into account both:	ASC 930-805-30-1 and 30-2 provides that in fair valuing mineral assets, an acquirer should take into account both:
	·                                          The value beyond proven and probable reserves (“VBPP”) to the extent that a market participant would include VBPP in determining the fair value of the assets.	·                                          The value beyond proven and probable reserves (“VBPP”) to the extent that a market participant would include VBPP in determining the fair value of the assets.
	·                                          The effects of anticipated fluctuations in the future market price of minerals in a manner that is consistent with the expectations of market participants.	·                                          The effects of anticipated fluctuations in the future market price of minerals in a manner that is consistent with the expectations of market participants.
Property and equipment	'	'
	Property and equipment	Property and Equipment
	Property and equipment are carried at cost. The cost of repairs and maintenance is expensed as incurred; major replacements and improvements are capitalized. When assets are retired or disposed of, the cost and accumulated depreciation are removed from the accounts, and any resulting gains or losses are included in income in the year of disposition. Depreciation is calculated on a straight-line basis over the estimated useful life of the assets, generally one to twenty five years.	Property and equipment are carried at cost. The cost of repairs and maintenance is expensed as incurred; major replacements and improvements are capitalized. When assets are retired or disposed of, the cost and accumulated depreciation are removed from the accounts, and any resulting gains or losses are included in income in the year of disposition. Depreciation is calculated on a straight-line basis over the estimated useful life of the assets, generally one to twenty five years.
Impairment of long-lived assets	'	'
	Impairment of long-lived assets	Impairment of Long-lived Assets
	The Company accounts for the impairment or disposal of long-lived assets according to the ASC 360 “Property, Plant and Equipment”. The Company continually monitors events and changes in circumstances that could indicate that the carrying amounts of long-lived assets, including mineral rights, may not be recoverable. Long-lived assets in the exploration stage are monitored for impairment based on factors such as the Company’s continued right to explore the area, exploration reports, assays, technical reports, drill results and the Company’s continued plans to fund exploration programs on the property, and whether sufficient work has been performed to indicate that the carrying amount of the mineral property cost carried forward as an asset will not be fully recovered. The tests for long-lived assets in the exploration stage are monitored for impairment based on factors such as current market value of the long-lived assets and results of exploration, future asset utilization, business climate, mineral prices and future undiscounted cash flows expected to result from the use of the related assets.	The Company accounts for the impairment or disposal of long-lived assets according to the ASC 360 “Property, Plant and Equipment”. The Company continually monitors events and changes in circumstances that could indicate that the carrying amounts of long-lived assets, including mineral rights, may not be recoverable. Long-lived assets in the exploration stage are monitored for impairment based on factors such as the Company’s continued right to explore the area, exploration reports, assays, technical reports, drill results and the Company’s continued plans to fund exploration programs on the property, and whether sufficient work has been performed to indicate that the carrying amount of the mineral property cost carried forward as an asset will not be fully recovered. The tests for long-lived assets in the exploration stage would be monitored for impairment based on factors such as current market value of the long-lived assets and results of exploration, future asset utilization, business climate, mineral prices and future undiscounted cash flows expected to result from the use of the related assets.
	Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the estimated future net undiscounted cash flows expected to be generated by the asset. When necessary, impaired assets are written down to estimated fair value based on the best information available. Estimated fair value is generally based on either appraised value or measured by discounting estimated future cash flows. Considerable management judgment is necessary to estimate discounted future cash flows. Accordingly, actual results could vary significantly from such estimates. The Company recognizes an impairment loss when the sum of expected undiscounted future cash flows is less than the carrying amount of the asset. The Company did not record any impairment charges of its long-lived assets at June 30, 2014 and December 31, 2013, respectively.	Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the estimated future net undiscounted cash flows expected to be generated by the asset. When necessary, impaired assets are written down to estimated fair value based on the best information available. Estimated fair value is generally based on either appraised value or measured by discounting estimated future cash flows. Considerable management judgment is necessary to estimate discounted future cash flows. Accordingly, actual results could vary significantly from such estimates. The Company recognizes an impairment loss when the sum of expected undiscounted future cash flows is less than the carrying amount of the asset. The Company did not consider it necessary to record any impairment charges of its long-lived assets at December 31, 2013 and 2012, respectively.
Income taxes	'	'
	Income taxes	Income Taxes
	The Company accounts for income taxes pursuant to the provision of ASC 740-10, “Accounting for Income Taxes” (“ASC 740-10”) which requires, among other things, an asset and liability approach to calculating deferred income taxes. The asset and liability approach requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax bases of assets and liabilities. A valuation allowance is provided to offset any net deferred tax assets for which management believes it is more likely than not that the net deferred asset will not be realized.	The Company accounts for income taxes pursuant to the provision of ASC 740-10, “Accounting for Income Taxes” (“ASC 740-10”) which requires, among other things, an asset and liability approach to calculating deferred income taxes. The asset and liability approach requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax bases of assets and liabilities. A valuation allowance is provided to offset any net deferred tax assets for which management believes it is more likely than not that the net deferred asset will not be realized.
	The Company follows the provision of ASC 740-10 related to Accounting for Uncertain Income Tax Position. When tax returns are filed, there may be uncertainty about the merits of positions taken or the amount of the position that would be ultimately sustained. In accordance with the guidance of ASC 740-10, the benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions.	The Company follows the provision of ASC 740-10 related to Accounting for Uncertain Income Tax Position. When tax returns are filed, there may be uncertainty about the merits of positions taken or the amount of the position that would be ultimately sustained. In accordance with the guidance of ASC 740-10, the benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions.
	Tax positions that meet the more likely than not recognition threshold are measured at the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefit associated with tax positions taken that exceed the amount measured as described above should be reflected as a liability for uncertain tax benefits in the accompanying balance sheet along with any associated interest and penalties that would be payable to the taxing authorities upon examination. The Company believes its tax positions are all highly certain of being upheld upon examination. As such, the Company has not recorded a liability for uncertain tax benefits.	Tax positions that meet the more likely than not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above should be reflected as a liability for uncertain tax benefits in the accompanying balance sheet along with any associated interest and penalties that would be payable to the taxing authorities upon examination. The Company believes its tax positions are all highly certain of being upheld upon examination. As such, the Company has not recorded a liability for uncertain tax benefits.
	The Company has adopted ASC 740-10-25, “Definition of Settlement”, which provides guidance on how an entity should determine whether a tax position is effectively settled for the purpose of recognizing previously unrecognized tax benefits and provides that a tax position can be effectively settled upon the completion and examination by a taxing authority without being legally extinguished. For tax positions considered effectively settled, an entity would recognize the full amount of tax benefit, even if the tax position is not considered more likely than not to be sustained based solely on the basis of its technical merits and the statute of limitations remains open.  The federal and state income tax returns of the Company are subject to examination by the IRS and state taxing authorities, generally for three years after they were filed.	The Company has adopted ASC 740-10-25, “Definition of Settlement”, which provides guidance on how an entity should determine whether a tax position is effectively settled for the purpose of recognizing previously unrecognized tax benefits and provides that a tax position can be effectively settled upon the completion and examination by a taxing authority without being legally extinguished. For tax positions considered effectively settled, an entity would recognize the full amount of tax benefit, even if the tax position is not considered more likely than not to be sustained based solely on the basis of its technical merits and the statute of limitations remains open.  The federal and state income tax returns of the Company are subject to examination by the IRS and state taxing authorities, generally for three years after they were filed.
Stock-based compensation	'	'
	Stock-based compensation	Stock-based Compensation
	Stock-based compensation is accounted for based on the requirements of the Share-Based Payment Topic of ASC 718, “Compensation — Stock Compensation”, which requires recognition in the consolidated financial statements of the cost of employee and director services received in exchange for an award of equity instruments over the period the employee or director is required to perform the services in exchange for the award (presumptively, the vesting period). The ASC also requires measurement of the cost of employee and director services received in exchange for an award based on the grant-date fair value of the award.	Stock-based compensation is accounted for based on the requirements of the Share-Based Payment Topic of ASC 718, “Compensation — Stock Compensation”, (“ASC 718”) which requires recognition in the consolidated financial statements of the cost of employee and director services received in exchange for an award of equity instruments over the period the employee or director is required to perform the services in exchange for the award (presumptively, the vesting period). ASC 718 also requires measurement of the cost of employee and director services received in exchange for an award based on the grant-date fair value of the award.
	Pursuant to ASC Topic 505-50, “Equity Based Payments to Non-employees”, for share-based payments to consultants and other third-parties, compensation expense is determined at the “measurement date.” The expense is recognized over the vesting period of the award. Until the measurement date is reached, the total amount of compensation expense remains uncertain. The Company initially records compensation expense based on the fair value of the award at the reporting date.	Pursuant to ASC Topic 505-50, “Equity Based Payments to Non-employees”, for share-based payments to consultants and other third-parties, compensation expense is determined at the “measurement date.” The expense is recognized over the vesting period of the award. Until the measurement date is reached, the total amount of compensation expense remains uncertain. The Company initially records compensation expense based on the fair value of the award at the reporting date.
Treasury stock	'	'
	Treasury stock	Treasury Stock
	Treasury stock is accounted for using the cost method, with the purchase price of the common stock recorded separately as a deduction from stockholders’ equity.	Treasury stock is accounted for using the cost method, with the purchase price of the common stock recorded separately as a deduction from stockholders’ equity.
Related party transaction	'	'
	Related party transaction
	Parties are considered to be related to the Company if the parties, directly or indirectly, through one or more intermediaries, control, are controlled by, or are under common control with the Company. Related parties also include principal owners of the Company, its management, members of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. The Company discloses all related party transactions.
Recent accounting pronouncements	'	'
	Recent accounting pronouncements	Recent Accounting Pronouncements
	In July 2013, the FASB issued ASU 2013-11, “Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists” (“ASU 2013-11”). ASU 2013-11 provides guidance on the presentation of unrecognized tax benefits related to any disallowed portion of net operating loss carryforwards, similar tax losses, or tax credit carryforwards, if they exist.  ASU 2013-11 is effective for fiscal years beginning after December 15, 2013. The adoption of ASU 2013-11 is not expected to have a material impact on the Company’s consolidated financial statements.	In January 2014, the FASB issued ASU No. 2014-04, “Receivables-Troubled Debt Restructurings by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure (a consensus of the FASB Emerging Issues Task Force)”, which clarifies that an in substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. The amendments in this Update are effective for public business entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. Early adoption is permitted. The adoption of this amendment is not expected to have a significant impact on the Company’s consolidated financial statements.
	In June 2014, the FASB issued ASU 2014-10, “Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements”. ASU 2014-10 eliminates the distinction of a development stage entity and certain related disclosure requirements, including the elimination of inception-to-date information on the statements of operations, cash flows and stockholders’ equity. The amendments in ASU 2014-10 will be effective prospectively for annual reporting periods beginning after December 15, 2014, and interim periods within those annual periods; however early adoption is permitted. The Company evaluated and adopted ASU 2014-10 for the interim reporting period ended June 30, 2014.	In July 2013, the FASB issued ASU 2013-11, “Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists” (“ASU 2013-11”). ASU 2013-11 provides guidance on the presentation of unrecognized tax benefits related to any disallowed portion of net operating loss carryforwards, similar tax losses, or tax credit carryforwards, if they exist. ASU 2013-11 is effective for fiscal years beginning after December 15, 2013. The adoption of ASU 2013-11 is not expected to have a material impact on the Company’s consolidated financial statements.
	Other accounting standards that have been issued or proposed by FASB that do not require adoption until a future date are not expected to have a material impact on the consolidated financial statements upon adoption. The Company does not discuss recent pronouncements that are not anticipated to have an impact on or are unrelated to its financial condition, results of operations, cash flows or disclosures.	Other accounting standards that have been issued or proposed by FASB that do not require adoption until a future date are not expected to have a material impact on the consolidated financial statements upon adoption. The Company does not discuss recent pronouncements that are not anticipated to have an impact on or are unrelated to its financial condition, results of operations, cash flows or disclosures.

MINERAL_PROPERTIES_Tables

MINERAL PROPERTIES (Tables) (Mineral properties)	6 Months Ended					12 Months Ended
	Jun. 30, 2014					Dec. 31, 2013
Mineral properties	'					'
Mineral properties	'					'
Schedule of Mineral Properties	'					'
		June 30,		December 31,			December 31, 2013		December 31, 2012
		2014		2013		Relief Canyon Mine — Gold Acquisition	$	8,501,071	$	8,501,071
	Relief Canyon Mine — Gold Acquisition	$	8,501,071	$	8,501,071	Relief Canyon Mine — Newmont Leased Properties	7,709,441		7,709,441
	Relief Canyon Mine — Newmont Leased Properties	7,709,441		7,709,441		Pershing Pass Property	576,400		576,400
	Pershing Pass Property	576,400		576,400
							$	16,786,912	$	16,786,912
		$	16,786,912	$	16,786,912

PROPERTY_AND_EQUIPMENT_Tables

PROPERTY AND EQUIPMENT (Tables) (Property, Plant and Equipment other than mining properties and mineral rights)	6 Months Ended								12 Months Ended
	Jun. 30, 2014								Dec. 31, 2013
Property, Plant and Equipment other than mining properties and mineral rights	'								'
Property and equipment	'								'
Schedule of Property and Equipment	'								'
										Estimated Life	December 31, 2013			December 31, 2012
		Estimated Life	June 30,			December 31,			Furniture and fixtures	5 years	$	56,995		$	56,995
			2014			2013			Office and computer equipment	1 - 5 years	234,518			220,060
	Furniture and fixtures	5 years	$	56,995		$	56,995		Land	—	266,977			266,977
	Office and computer equipment	1 - 5 years	313,657			234,518			Building and improvements	5 - 25 years	730,068			727,965
	Land	—	266,977			266,977			Site costs	10 years	1,272,732			1,272,732
	Building and improvements	5 - 25 years	738,959			730,068			Crushing system	20 years	2,256,943			2,256,943
	Site costs	10 years	1,272,732			1,272,732			Process plant and equipment	10 years	3,169,442			3,166,280
	Crushing system	20 years	2,256,943			2,256,943			Vehicles and mining equipment	5 - 10 years	695,825			682,373
	Process plant and equipment	10 years	3,169,442			3,169,442					8,683,500			8,650,325
	Vehicles and mining equipment	5 - 10 years	695,825			695,825			Less: accumulated depreciation		(2,232,860		)	(1,263,549		)
			8,771,530			8,683,500
	Less: accumulated depreciation		(2,720,914		)	(2,232,860		)			$	6,450,640		$	7,386,776
			$	6,050,616		$	6,450,640

NOTES_PAYABLE_Tables

NOTES PAYABLE (Tables)	6 Months Ended							12 Months Ended
	Jun. 30, 2014							Dec. 31, 2013
NOTES PAYABLE	'							'
Schedule of Notes Payable	'							'
		June 30, 2014			December 31, 2013				December 31, 2013			December 31, 2012
	Total notes payable	$	53,289		$	59,510		Total notes payable	$	59,510		$	82,546
	Less: current portion	(23,532		)	(23,036		)	Less: current portion	(23,036		)	(23,036		)
	Long term portion	$	29,757		$	36,474		Long term portion	$	36,474		$	59,510

STOCKHOLDERS_EQUITY_Tables

STOCKHOLDERS' EQUITY (Tables)	6 Months Ended						12 Months Ended
	Jun. 30, 2014						Dec. 31, 2013
STOCKHOLDERS' EQUITY	'						'
Summary of the outstanding stock options	'						'
		Number of		Weighted		Weighted		Number of		Weighted		Weighted
		Options		Average		Average		Options		Average		Average
				Exercise		Remaining				Exercise Price		Remaining
				Price		Contractual						Contractual Life
						Life						(Years)
						(Years)	Balance at December 31, 2011	3,548,000		$	1.11	8.45
	Balance at December 31, 2013	32,900,000		$	0.4	8.18	Granted	32,250,000		0.39		10
	Granted	—		—		—	Exercised	—		—		—
	Exercised	—		—		—	Forfeited	(500,000	)	0.81		8.59
	Forfeited	—		—		—	Cancelled	—		—		—
	Cancelled	—		—		—	Balance at December 31, 2012	35,298,000		0.42		9.11
	Balance at June 30, 2014	32,900,000		0.4		7.68	Granted	350,000		0.42		4.14
							Exercised	—		—		—
	Options exercisable at end of period	32,000,000		$	0.4		Forfeited	(2,748,000	)	1.17		7
	Options expected to vest through December 31, 2014	900,000					Cancelled	—		—		—
	Weighted average fair value of options granted during the period			$	—		Balance outstanding at December 31, 2013	32,900,000		$	0.4	8.18
							Options exercisable at end of year	32,000,000		$	0.4
							Options expected to vest	900,000
							Weighted average fair value of options granted during the period			$	0.24
Summary of the outstanding stock warrants	'						'
		Number of		Weighted		Weighted		Number of Warrants		Weighted Average		Weighted
		Warrants		Average		Average				Exercise Price		Average
				Exercise		Remaining						Remaining
				Price		Contractual						Contractual
						Life						Life (Years)
						(Years)	Balance at December 31, 2011	35,603,142		$	2.64	3.94
	Balance at December 31, 2013	26,244,621		$	0.45	2.22	Granted	24,482,741		0.56		4.59
	Granted	—		—		—	Cancelled	(32,430,954	)	2.83		3.86
	Cancelled	—		—		—	Forfeited	—		—		—
	Forfeited	(5,000,000	)	0.6		—	Exercised	(11,399,150	)	0.42		4.64
	Exercised	—		—		—	Balance at December 31, 2012	16,255,779		$	0.54	2.42
	Balance at June 30, 2014	21,244,621		$	0.42	2.18	Granted	13,435,590		0.4		3
							Cancelled	(3,446,748	)	0.65		0.6
	Warrants exercisable at June 30, 2014	21,244,621		$	0.42	2.18	Forfeited	—		—		—
							Exercised	—		—		—
	Weighted average fair value of warrants granted during the period			$	—		Balance at December 31, 2013	26,244,621		$	0.45	2.22
							Warrants exercisable at December 31, 2013	26,244,621		$	0.45	2.22
							Weighted average fair value of options granted during the year ended December 31, 2013			$	0.17

NET_LOSS_PER_COMMON_SHARE_Tabl

NET LOSS PER COMMON SHARE (Tables)	6 Months Ended													12 Months Ended
	Jun. 30, 2014													Dec. 31, 2013
NET LOSS PER COMMON SHARE	'													'
Schedule of Computation of Earnings Per Share	'													'
		For the Three			For the Three			For the Six			For the Six				For the			For the
		Months			Months			Months			Months				year ended			year ended
		ended			ended			ended			ended				December 31,			December 31,
		June 30,			June 30,			June 30,			June 30,				2013			2012
		2014			2013			2014			2013
	Numerator:													Numerator:
	Net loss	$	(3,840,338	)	$	(1,987,728	)	$	(6,953,161	)	$	(5,044,226	)	Loss from continuing operations available to common stockholders	$	(18,205,047	)	$	(51,776,676	)
	Denominator:													Loss from discontinued operations	$	—		$	(50,298	)
	Denominator for basic and diluted loss per share	280,270,650			273,292,023			279,065,711			271,700,310
	(weighted-average shares)													Denominator:
														Denominator for basic and diluted loss per share (weighted-average shares)	272,620,776			219,530,283
	Net loss per common share, basic and diluted	$	(0.01	)	$	(0.01	)	$	(0.02	)	$	(0.02	)
														Loss per common share, basic and diluted:
														Loss from continuing operations	$	(0.07	)	$	(0.24	)
														Loss from discontinued operations	$	(0.00	)	$	(0.00	)
Schedule of antidilutive securities excluded from computation diluted shares outstanding	'													'
		June 30, 2014		June 30, 2013											December 31,		December 31,
	Common stock equivalents:														2013		2012
	Stock options	32,900,000		33,200,000										Common stock equivalents:
	Stock warrants	21,244,621		12,809,031										Stock options	32,900,000		35,298,000
	Convertible preferred stock	28,818,000		—										Stock warrants	26,244,621		16,255,779
		82,962,621		46,009,031										Convertible preferred stock	33,555,000		—
															92,699,621		51,553,779

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES (Tables)	6 Months Ended			12 Months Ended
	Jun. 30, 2014			Dec. 31, 2013
COMMITMENTS AND CONTINGENCIES	'			'
Schedule of future minimum rental payments required under the lease	'			'
	2014	$	23,303	2014	$	46,207
	2015	15,535		2015 and thereafter	15,535
		$	38,838		$	61,742
Schedule of future minimum lease payments under mining leases	'			'
	2014	$	10,000	2014	$	10,000
	2015	10,000		2015	10,000
	2016	20,000		2016	20,000
	2017	25,000		2017	25,000
	2018	25,000		2018	25,000
	Thereafter	117,500		Thereafter	117,500
		$	207,500		$	207,500

ORGANIZATION_AND_DESCRIPTION_O1

ORGANIZATION AND DESCRIPTION OF BUSINESS (Details)	Jun. 30, 2014	Dec. 31, 2013
	item	item
ORGANIZATION AND DESCRIPTION OF BUSINESS	'	'
Number of Company's properties contain proven and probable reserves	0	0

ORGANIZATION_AND_DESCRIPTION_O2

ORGANIZATION AND DESCRIPTION OF BUSINESS (Details 2) (USD $)	12 Months Ended	28 Months Ended	0 Months Ended
	Dec. 31, 2012	Dec. 31, 2013	Aug. 30, 2011
			Gold Acquisition
			Relief Canyon
Acquisition	'	'	'
Acquisition of Relief Canyon, paid in cash	$2,576,400	$2,576,400	$12,000,000
Acquisition of Relief Canyon, convertible notes issued	'	'	$8,000,000

ORGANIZATION_AND_DESCRIPTION_O3

ORGANIZATION AND DESCRIPTION OF BUSINESS (Details 3) (Pershing Royalty Company)	17-May-12
	item
Pershing Royalty Company	'
Investment holding	'
Number of gold exploration properties	2

ORGANIZATION_AND_DESCRIPTION_O4

ORGANIZATION AND DESCRIPTION OF BUSINESS (Details 4) (USD $)

4 Months Ended

6 Months Ended

12 Months Ended

28 Months Ended

1 Months Ended

1 Months Ended

1 Months Ended

Dec. 31, 2011

Jun. 30, 2014

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Aug. 31, 2013

Jul. 31, 2014

Jul. 30, 2014

Jul. 14, 2014

Jul. 02, 2014

Aug. 31, 2013

Aug. 31, 2013

Aug. 31, 2013

Aug. 31, 2013

Jul. 31, 2014

Exchange Of Related Party Debt Transaction

Warrant to purchase common stock

Warrant to purchase common stock

Warrant to purchase common stock

Warrant to purchase common stock

Convertible Series E Preferred Stock

Convertible Series E Preferred Stock

Convertible Series E Preferred Stock

Convertible Series E Preferred Stock

Common stock

Barry Honig, Board Member

Subsequent event

Subsequent event

Subsequent event

Subsequent event

Exchange Of Related Party Debt Transaction

Warrant to purchase common stock

Warrant to purchase common stock

Subsequent event

Barry Honig, Board Member

Exchange Of Related Party Debt Transaction

Senior secured convertible promissory note

ORGANIZATION AND DESCRIPTION OF BUSINESS

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net loss

$11,791,302

$7,000,000

$14,103,388

$49,103,047

$74,825,220

'

'

'

'

'

'

'

'

'

'

Net cash used in operations

'

4,600,000

7,242,764

9,943,307

19,148,530

'

'

'

'

'

'

'

'

'

'

Total accumulated deficit since inception

'

-107,000,000

-100,000,000

'

'

'

'

'

'

'

'

'

'

'

'

Going Concern

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Shares issued in private placement

'

'

'

'

'

'

'

'

'

'

10,533

'

'

'

35,854,259

Number of shares of common stock to be acquired

'

'

'

'

'

'

14,341,676

2,725,454

984,700

10,631,522

'

'

12,639,600

782,400

'

Net proceeds from private placement

'

'

10,227,079

1,000,000

14,511,475

'

'

'

'

'

10,200,000

'

'

'

11,100,000

Number of shares issued in exchange for outstanding principal and accrued interest to related party

'

'

'

'

'

652

'

'

'

'

'

652

'

'

'

Amount owed by the Company under a Credit Facility Agreement to related party

'

'

'

'

'

$646,000

'

'

'

'

'

'

'

'

'

SUMMARY_OF_SIGNIFICANT_ACCOUNT2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)	3 Months Ended		6 Months Ended		12 Months Ended		28 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'	'	'	'	'	'	'
Prepaid expenses	$399,032	'	$399,032	'	$582,278	$502,837	$582,278
Exploration cost	$1,346,699	$299,603	$1,881,425	$715,075	$3,204,629	$5,221,001	$10,225,652
Minimum	'	'	'	'	'	'	'
Property and equipment	'	'	'	'	'	'	'
Estimated useful life	'	'	'1 year	'	'1 year	'	'
Maximum	'	'	'	'	'	'	'
Property and equipment	'	'	'	'	'	'	'
Estimated useful life	'	'	'25 years	'	'25 years	'	'

MARKETABLE_SECURITIES_Details

MARKETABLE SECURITIES (Details) (USD $)	6 Months Ended		12 Months Ended		1 Months Ended	4 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013	Dec. 31, 2012	Jan. 31, 2013	31-May-13
					American Strategic Minerals common stock	Valor Gold common stock
Marketable securities	'	'	'	'	'	'
Shares sold	'	'	'	'	1,513,333	25,000,000
Net proceeds generated	'	'	'	'	$151,333	$1,505,000
Realized Gain from Sale of Securities	$0	$1,656,333	$1,656,333	$1,490,600	'	'

MINERAL_PROPERTIES_Details

MINERAL PROPERTIES (Details) (USD $)

Jun. 30, 2014

Dec. 31, 2013

Dec. 31, 2012

Nov. 30, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Dec. 31, 2012

Jun. 30, 2014

Dec. 31, 2013

Dec. 31, 2012

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Dec. 31, 2012

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Apr. 05, 2012

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Third party

BLM

BLM

Relief Canyon Mine- Gold Acquisition

Relief Canyon Mine- Gold Acquisition

Relief Canyon Mine- Gold Acquisition

Pershing Pass Property

Pershing Pass Property

Pershing Pass Property

Pershing Pass Property

Pershing Pass Property

Pershing Pass Property

Pershing Pass Property

Pershing Pass Property

Pershing Pass Property

Pershing Pass Property

Pershing Pass Property

Pershing Pass Property

Pershing Pass Property

Pershing Pass Property

Pershing Pass Property

Pershing Pass Property

Pershing Pass Property

Pershing Pass Property

Pershing Pass Property

Pershing Pass Property

Relief Canyon Mine- Newmont Leased Properties

Relief Canyon Mine- Newmont Leased Properties

Relief Canyon Mine- Newmont Leased Properties

Relief Canyon Mine- Newmont Leased Properties

Relief Canyon Mine- Newmont Leased Properties

Relief Canyon Mine- Newmont Leased Properties

Relief Canyon Mine- Newmont Leased Properties

Relief Canyon Mine- Newmont Leased Properties

Relief Canyon Mine- Newmont Leased Properties

Relief Canyon Mine- Newmont Leased Properties

Relief Canyon Mine- Newmont Leased Properties

Relief Canyon Mine- Newmont Leased Properties

Relief Canyon Mine- Newmont Leased Properties

Relief Canyon Mine- Newmont Leased Properties

Relief Canyon Mine- Newmont Leased Properties

Relief Canyon Mine- Newmont Leased Properties

Relief Canyon Mine- Newmont Leased Properties

Relief Canyon Mine- Newmont Leased Properties

column

column

claim

claim

Silver Scott Mines

Silver Scott Mines

Victoria Gold

Victoria Gold

Third party

Third party

Wolf Pack Gold (Nevada) Corp

Wolf Pack Gold (Nevada) Corp

Wolf Pack Gold (Nevada) Corp

Minimum

Minimum

Minimum

Minimum

Minimum

Minimum

Maximum

Maximum

2006 Mineral Lease and Sublease

2006 Mineral Lease and Sublease

1994 Mining Lease

1994 Mining Lease

1999 Mining Lease

1999 Mining Lease

Victoria Gold

Victoria Gold

Victoria Gold

Newmont USA Ltd.

Newmont USA Ltd.

Minimum

Minimum

Maximum

Maximum

millsite

pond

acre

acre

acre

item

item

acre

item

item

acre

item

item

item

item

Wolf Pack Gold (Nevada) Corp

Wolf Pack Gold (Nevada) Corp

Wolf Pack Gold (Nevada) Corp

Wolf Pack Gold (Nevada) Corp

acre

acre

acre

acre

item

item

item

acre

item

Newmont USA Ltd.

Newmont USA Ltd.

Newmont USA Ltd.

Newmont USA Ltd.

pond

millsite

item

acre

acre

item

item

Starting September 2016 till September 2023

Starting September 2023 till September 2028

Starting September 2028 till September 2033

Sep-33

claim

item

acre

2006 Mineral Lease and Sublease

2006 Mineral Lease and Sublease

2006 Mineral Lease and Sublease

2006 Mineral Lease and Sublease

mine

claim

acre

claim

cell

cell

mine

Mineral properties

'

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'

'

'

Unpatented Lode Mining Claims Owned

'

'

'

'

'

'

164

164

'

'

'

'

490

490

283

283

17

17

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

283

155

155

'

'

'

'

Unpatented Millsites owned

'

'

'

'

'

'

120

120

'

'

'

'

'

'

'

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'

'

Number of open pit mines

'

'

'

'

'

'

3

3

'

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'

'

'

'

'

'

'

'

'

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'

'

'

Number of cells included in heap leach pads

'

'

'

'

'

'

6

6

'

'

'

'

'

'

'

'

'

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'

'

Number of solution ponds

'

'

'

'

'

'

2

2

'

'

'

'

'

'

'

'

'

'

'

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'

'

'

Number of carbon columns included in ADR

'

'

'

'

'

'

4

4

'

'

'

'

'

'

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'

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'

Net Smelter Return Royalty Percentage

'

'

'

'

'

'

2.00%

2.00%

'

'

'

'

'

'

'

'

2.00%

2.00%

'

'

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'

'

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'

'

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'

'

2.00%

2.00%

2.00%

2.00%

3.00%

3.00%

5.00%

5.00%

Unpatented mining claims owned that the Company located during mid 2012

'

'

'

'

'

'

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17

17

'

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'

'

Private lands leased (in acres)

'

'

'

'

'

'

'

'

'

635

635

'

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'

'

'

'

'

'

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'

Primary term of the lease

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'

'10 years

'10 years

'

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'

'

'10 years

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'

'

'

'

'

'

Royalty percentage on all metals produced other than gold

'

'

'

'

'

'

'

'

'

2.00%

2.00%

'

'

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'

'

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'

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'

'

'

Royalty percentage on gold if gold prices are less than $500 per ounce

'

'

'

'

'

'

'

'

'

2.00%

2.00%

'

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'

Gold price (per ounce)

'

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'

500

500

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'

Royalty percentage on gold if gold prices are over $1,500 per ounce

'

'

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'

'

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'

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'

3.50%

3.50%

'

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'

Gold price (per ounce)

'

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'

1,500

1,500

'

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'

'

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'

Royalty percentage on gold production that the entity can repurchase

'

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3.00%

3.00%

'

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'

'

Rate at which the entity can repurchase royalty percentage of gold

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$600,000

$600,000

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Each royalty percentage that the company can repurchase at specified rate

'

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1.00%

1.00%

'

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'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Unpatented mining claims owned

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

19

'

'

700

700

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

62

62

'

'

'

'

'

'

'

Royalty percentage on precious metals

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Royalty percentage on all other materials excluding precious metals

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.50%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Advance royalty required to pay per year

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

10,000

12,500

15,000

20,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of unpatented mining claims that can be acquired by the Company if purchase option is exercised

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

19

19

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Purchase price for acquisition of unpatented mining claims

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

250,000

250,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Acres of Property

'

'

'

'

'

'

'

'

'

12,000

12,000

'

9,700

9,700

5,660

5,660

'

'

400

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

13,300

2,800

2,800

'

'

'

'

Area of properties held under leases and subleases

'

'

'

'

'

'

'

'

'

600

600

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

8,900

'

'

'

'

'

'

Unpatented mining claims owned on which royalty owed to Victoria Gold

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

221

'

'

'

'

'

'

Adjustment to the carrying value of mineral rights

0

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Acres of privately-owned fee minerals leased (in acres)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4,900

4,900

'

'

'

'

Amount required to be spent in exploration expenses in 2013

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,000,000

1,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Amount required to be spent in exploration expenses per year

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

500,000

500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Rental payment per acre per year

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

10

10

'

'

'

'

'

'

'

'

'

'

'

'

'

Increase in rental payments per year (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5.00%

5.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

Amount of annual rent payable if the Company elects not to or fails to incur minimum specific amount in exploration expenditures

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

100,000

100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Additional direct drilling expenditures required in 2017 in order to avoid the annual rental payment requirement

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

500,000

500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Minimum monthly average gold price for which 5% net smelter royalty would apply (per ounce)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

400

400

'

'

'

'

'

'

'

'

'

'

'

'

'

Net smelter return royalty percentage on specified acres of leased properties (in acres)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2.50%

2.50%

3.50%

3.50%

'

'

'

'

'

'

'

'

'

Acres of leased property on which royalty percentage apply (in acres)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

800

800

495

495

'

'

'

'

'

'

'

'

'

Statewide bond

'

'

'

'

5,000,000

5,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Excess amount of the current coverage requirement to reclaim land disturbed in exploration and mining operations

'

'

'

'

300,000

300,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Amount of the bonds written

'

'

'

5,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Restricted cash required to be maintained as a percentage of the value of the bonds

'

'

'

45.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Restricted cash

2,250,000

2,250,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total Mineral Properties

$16,786,912

$16,786,912

$16,786,912

'

'

'

$8,501,071

$8,501,071

$8,501,071

$576,400

$576,400

$576,400

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$7,709,441

$7,709,441

$7,709,441

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

PROPERTY_AND_EQUIPMENT_Details

PROPERTY AND EQUIPMENT (Details) (USD $)	6 Months Ended		12 Months Ended		28 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013
Property and equipment	'	'	'	'	'
Total property and equipment, gross	$8,771,530	'	$8,683,500	$8,650,325	$8,683,500
Less: accumulated depreciation	-2,720,914	'	-2,232,860	-1,263,549	-2,232,860
Total property and equipment, net	6,050,616	'	6,450,640	7,386,776	6,450,640
Depreciation	488,054	487,905	969,311	992,648	2,287,887
Minimum	'	'	'	'	'
Property and equipment	'	'	'	'	'
Estimated Life	'1 year	'	'1 year	'	'
Maximum	'	'	'	'	'
Property and equipment	'	'	'	'	'
Estimated Life	'25 years	'	'25 years	'	'
Furniture and fixtures	'	'	'	'	'
Property and equipment	'	'	'	'	'
Estimated Life	'5 years	'	'5 years	'	'
Total property and equipment, gross	56,995	'	56,995	56,995	56,995
Office and computer equipment	'	'	'	'	'
Property and equipment	'	'	'	'	'
Total property and equipment, gross	313,657	'	234,518	220,060	234,518
Office and computer equipment | Minimum	'	'	'	'	'
Property and equipment	'	'	'	'	'
Estimated Life	'1 year	'	'1 year	'	'
Office and computer equipment | Maximum	'	'	'	'	'
Property and equipment	'	'	'	'	'
Estimated Life	'5 years	'	'5 years	'	'
Land	'	'	'	'	'
Property and equipment	'	'	'	'	'
Total property and equipment, gross	266,977	'	266,977	266,977	266,977
Building and improvements	'	'	'	'	'
Property and equipment	'	'	'	'	'
Total property and equipment, gross	738,959	'	730,068	727,965	730,068
Building and improvements | Minimum	'	'	'	'	'
Property and equipment	'	'	'	'	'
Estimated Life	'5 years	'	'5 years	'	'
Building and improvements | Maximum	'	'	'	'	'
Property and equipment	'	'	'	'	'
Estimated Life	'25 years	'	'25 years	'	'
Site costs	'	'	'	'	'
Property and equipment	'	'	'	'	'
Estimated Life	'10 years	'	'10 years	'	'
Total property and equipment, gross	1,272,732	'	1,272,732	1,272,732	1,272,732
Crushing system	'	'	'	'	'
Property and equipment	'	'	'	'	'
Estimated Life	'20 years	'	'20 years	'	'
Total property and equipment, gross	2,256,943	'	2,256,943	2,256,943	2,256,943
Process plant and equipment	'	'	'	'	'
Property and equipment	'	'	'	'	'
Estimated Life	'10 years	'	'10 years	'	'
Total property and equipment, gross	3,169,442	'	3,169,442	3,166,280	3,169,442
Vehicles and mining equipment	'	'	'	'	'
Property and equipment	'	'	'	'	'
Total property and equipment, gross	$695,825	'	$695,825	$682,373	$695,825
Vehicles and mining equipment | Minimum	'	'	'	'	'
Property and equipment	'	'	'	'	'
Estimated Life	'5 years	'	'5 years	'	'
Vehicles and mining equipment | Maximum	'	'	'	'	'
Property and equipment	'	'	'	'	'
Estimated Life	'10 years	'	'10 years	'	'

NOTES_PAYABLE_Details

NOTES PAYABLE (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013	Dec. 31, 2012	Jun. 30, 2014	Dec. 31, 2013	Aug. 31, 2012
				Note payable	Note payable	Note payable
				item	item
Notes payable	'	'	'	'	'	'
Interest rate (as a percent)	'	'	'	7.00%	7.00%	'
Number of equal monthly payments of the debt	'	'	'	48	48	'
Frequency of payments of the debt	'	'	'	'monthly	'monthly	'
Monthly payments of the debt	'	'	'	$2,226	$2,226	'
Notes payable - short and long term portion	'	'	'	'	'	'
Total Notes Payable	53,289	59,510	82,546	'	'	92,145
Less: current portion	-23,532	-23,036	-23,036	'	'	'
Long term portion	$29,757	$36,474	$59,510	'	'	'

RELATED_PARTY_TRANSACTIONS_Det

RELATED PARTY TRANSACTIONS (Details) (Continental Resources, USD $)	1 Months Ended	6 Months Ended	12 Months Ended
	Jan. 31, 2013	Jun. 30, 2013	Dec. 31, 2013	Dec. 31, 2012
Continental Resources	'	'	'	'
Related party transactions	'	'	'	'
Distribution to former parent company	$15,066	$15,066	$15,066	$611,589

STOCKHOLDERS_EQUITY_Details

STOCKHOLDERS' EQUITY (Details) (USD $)

12 Months Ended

28 Months Ended

1 Months Ended

0 Months Ended

1 Months Ended

6 Months Ended

0 Months Ended

1 Months Ended

2 Months Ended

1 Months Ended

0 Months Ended

1 Months Ended

3 Months Ended

2 Months Ended

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Jun. 30, 2014

Aug. 31, 2013

Feb. 23, 2012

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Jun. 30, 2014

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Jun. 30, 2014

Dec. 31, 2013

Dec. 31, 2012

Mar. 30, 2012

Feb. 23, 2012

Feb. 21, 2012

Jun. 30, 2012

Jun. 30, 2014

Dec. 31, 2013

Dec. 31, 2012

Apr. 11, 2012

Feb. 23, 2012

Aug. 05, 2013

Apr. 30, 2014

Aug. 31, 2013

Mar. 31, 2014

Jun. 30, 2014

Dec. 31, 2013

Dec. 31, 2012

Aug. 31, 2013

Aug. 31, 2013

Aug. 31, 2013

Jun. 19, 2012

Jun. 30, 2012

Apr. 30, 2012

Mar. 31, 2012

Dec. 31, 2011

Dec. 31, 2011

Feb. 29, 2012

Exchange Of Related Party Debt Transaction

Warrant to purchase common stock

Preferred Stock

Preferred Stock

Preferred Stock - Series A

Preferred Stock - Series A

Preferred Stock - Series A

Preferred Stock - Series A

Preferred Stock - Series B

Preferred Stock - Series B

Preferred Stock - Series B

Preferred Stock - Series B

Preferred Stock - Series C

Preferred Stock - Series C

Preferred Stock - Series C

Preferred Stock - Series D

Preferred Stock - Series D

Preferred Stock - Series D

Preferred Stock - Series D

Preferred Stock - Series D

Preferred Stock - Series D

Preferred Stock - Series D

Preferred Stock - Series D

Preferred Stock - Series D

Convertible Series E Preferred Stock

Convertible Series E Preferred Stock

Convertible Series E Preferred Stock

Convertible Series E Preferred Stock

Convertible Series E Preferred Stock

Convertible Series E Preferred Stock

Convertible Series E Preferred Stock

Convertible Series E Preferred Stock

Convertible Series E Preferred Stock

Convertible Series E Preferred Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Mr. Honig

Warrant to purchase common stock

Exchange Of Related Party Debt Transaction

Warrant to purchase common stock

Warrant to purchase common stock

Warrant to purchase common stock

Mr. Honig

Senior secured convertible promissory note

Exchange Of Related Party Debt Transaction

Statement

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Stock authorized, shares

50,000,000

50,000,000

50,000,000

50,000,000

'

'

50,000,000

50,000,000

2,250,000

2,250,000

2,250,000

'

8,000,000

8,000,000

8,000,000

'

3,284,396

3,284,396

3,284,396

'

'

1,000,000

'

7,500,000

7,500,000

7,500,000

7,500,000

'

15,151

'

'

'

15,151

15,151

15,151

'

'

'

'

'

'

'

'

'

'

Par value of preferred stock authorized (in dollars per share)

$0.00

$0.00

$0.00

$0.00

'

'

$0.00

$0.00

$0.00

$0.00

$0.00

'

$0.00

$0.00

$0.00

'

$0.00

$0.00

$0.00

'

'

'

'

$0.00

$0.00

$0.00

'

'

'

'

'

'

$0.00

$0.00

$0.00

'

'

'

'

'

'

'

'

'

'

Preferred stock, Issued (in shares)

'

'

'

'

'

'

'

'

0

0

0

7,500,000

0

0

0

7,500,000

0

0

0

'

'

'

'

0

0

0

'

'

'

'

'

'

9,606

11,185

0

'

'

'

'

'

'

'

'

'

'

Preferred stock, Outstanding (in shares)

'

'

'

'

'

'

'

'

0

0

0

'

0

0

0

'

0

0

0

'

'

'

'

0

0

0

'

'

'

'

'

'

9,606

11,185

0

'

'

'

'

'

'

'

'

'

'

Dividend rate (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

9.00%

'

9.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of common shares issued upon conversion

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3,000

3,000

'

3,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Conversion price per share of common stock (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$0.35

'

$0.40

$0.32

'

'

'

'

'

$0.33

$0.33

'

$0.33

'

'

'

'

'

'

'

'

'

'

'

'

'

Preferred stock redemption amount as percentage of purchase price

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

110.00%

'

'

'

'

'

'

110.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Amount that preferred stockholder is entitled to receive as percentage of purchase price upon liquidation, dissolution or winding up of the entity

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

110.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Cash payment that preferred stockholders are entitled to receive as percentage of purchase price upon a change of control

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

10.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Stock issued (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,000,000

'

'

'

'

'

'

'

'

'

10,533

'

'

'

'

'

'

'

12,500,000

'

4,385,716

'

'

'

'

Number of shares of common stock to be acquired

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

12,639,600

782,400

'

'

'

'

'

'

'

Net proceeds from private placement

$10,227,079

$1,000,000

$14,511,475

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$1,000,000

'

'

'

'

'

'

'

'

'

$10,200,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Term of warrants

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'3 years

'

'

'

'

'

'

'

'2 years

Percentage of the number of share of common stock issuable upon conversion used to calculate warrant rights

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

40.00%

'

'

'

'

'

'

'

50.00%

Exercise price (in dollars per share)

'

'

'

'

'

$0.40

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$0.40

'

'

'

'

'

'

'

$0.60

Expected life

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'5 years

'

'

'

'

'

'

'

'

'3 years

'

'

'

'

'

'

'

'

Purchase price of each share of Series E Preferred Stock with associated warrant (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$990

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Amount owed by the Company under a Credit Facility Agreement to related party

'

'

'

'

$645,480

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of shares issued in exchange for outstanding principal and accrued interest to related party

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

652

'

'

'

'

'

'

'

'

'

Number of share of preferred stock converted in common shares

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

400,000

'

'

6,086,968

'

'

'

'

'

'

50

'

1,529

'

'

'

'

'

'

'

'

'

'

'

'

'

Aggregate number of common shares issued upon conversion

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

150,000

'

4,587,000

'

'

'

'

'

'

'

19,021,775

'

1,153,143

750,000

7,500,000

'

STOCKHOLDERS_EQUITY_Details_2

STOCKHOLDERS' EQUITY (Details 2) (Restricted stock, USD $)

0 Months Ended

1 Months Ended

6 Months Ended

12 Months Ended

0 Months Ended

Jun. 11, 2014

Mar. 31, 2014

Jun. 30, 2014

Dec. 31, 2013

Dec. 31, 2012

Jun. 18, 2015

Feb. 12, 2013

Jan. 02, 2014

Dec. 16, 2013

Nov. 01, 2013

Dec. 16, 2013

Dec. 16, 2013

Dec. 16, 2013

Dec. 16, 2013

Subsequent event

A director and certain employees and consultants

Employees

Employees

Employees

Employees

Employees

Employees and consultants

Consultants

Two years vesting

Three years vesting

Common Stock

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Restricted common stock granted (in shares)

5,000,000

'

'

'

'

'

6,700,000

250,000

1,300,000

125,000

'

'

2,500,000

'

Fair market value on the date of grant (in dollars per share)

'

'

'

'

'

'

$0.51

$0.35

'

$0.36

'

'

$0.35

'

Percentage of vesting of restricted common stock

'

'

'

'

'

'

33.33%

33.33%

33.33%

33.33%

33.33%

33.33%

'

33.33%

Vesting period

'

'

'

'

'

'

'3 years

'3 years

'

'3 years

'2 years

'3 years

'3 years

'3 years

Total grant date value

'

'

'

'

'

'

$3,417,000

'

'

'

'

'

$875,000

'

Non Vested restricted stock (in shares)

1,666,500

'

'

'

'

'

'

'

'

'

'

'

'

'

Vested (in shares)

'

1,666,500

'

'

'

1,667,000

'

'

'

'

'

'

'

'

Stock-based compensation expense

'

'

1,484,423

4,772,162

5,048,047

'

'

'

'

'

'

'

'

'

Unrecognized compensation expense

'

'

$2,130,538

$3,527,461

'

'

'

'

'

'

'

'

'

'

STOCKHOLDERS_EQUITY_Details_3

STOCKHOLDERS' EQUITY (Details 3) (USD $)	6 Months Ended	12 Months Ended
	Jun. 30, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Number of Options	'	'	'	'
Balance at the beginning of the year (in shares)	32,900,000	35,298,000	3,548,000	'
Balance at the end of the year (in shares)	32,900,000	32,900,000	35,298,000	3,548,000
Options exercisable at end of period (in shares)	32,000,000	32,000,000	'	'
Options expected to vest (in shares)	900,000	900,000	'	'
Weighted Average Exercise Price	'	'	'	'
Balance at the beginning of the year (in dollars per share)	$0.40	$0.42	$1.11	'
Balance at the end of the year (in dollars per share)	$0.40	$0.40	$0.42	$1.11
Options exercisable at end of period (in dollars per share)	$0.40	$0.40	'	'
Weighted Average Remaining Contractual Life	'	'	'	'
Balance at the beginning of the year	'7 years 8 months 5 days	'8 years 2 months 5 days	'9 years 1 month 10 days	'8 years 5 months 12 days
Balance at the end of the year	'7 years 8 months 5 days	'8 years 2 months 5 days	'9 years 1 month 10 days	'8 years 5 months 12 days
Intrinsic value of stock options outstanding	$237,000	$26,000	'	'

STOCKHOLDERS_EQUITY_Details_4

STOCKHOLDERS' EQUITY (Details 4) (Stock Options, USD $)	6 Months Ended	12 Months Ended
	Jun. 30, 2014	Dec. 31, 2013	Dec. 31, 2012
Stock Options	'	'	'
Common Stock Options	'	'	'
Stock-based compensation expense	$48,423	$383,555	$13,163,509
Unrecognized compensation expense	$48,422	$96,845	'

STOCKHOLDERS_EQUITY_Details_5

STOCKHOLDERS' EQUITY (Details 5) (Warrants, USD $)	3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Number of Warrants	'	'	'	'	'
Balance at the beginning of the year (in shares)	'	26,244,621	16,255,779	'	'
Forfeited (in shares)	'	-5,000,000	'	'	'
Balance at the end of the year (in shares)	21,244,621	21,244,621	26,244,621	'	35,603,142
Warrants exercisable at the end of the period (in shares)	'	21,244,621	26,244,621	'	'
Weighted Average Exercise Price	'	'	'	'	'
Weighted Average Exercise Price	'	'	'	'	'
Balance at the beginning of the year (in dollars per share)	'	$0.45	$0.54	$2.64	'
Forfeited (in dollars per share)	'	$0.60	'	'	'
Balance at the end of the year (in dollars per share)	$0.42	$0.42	$0.45	$0.54	$2.64
Warrants exercisable at the end of the period (in dollars per share)	$0.42	$0.42	$0.45	'	'
Weighted Average Remaining Contractual Life	'	'	'	'	'
Balance at the end of the year	'2 years 2 months 5 days	'	'2 years 2 months 19 days	'2 years 5 months 1 day	'3 years 11 months 8 days
Warrants exercisable at the end of the year	'	'2 years 2 months 5 days	'2 years 2 months 19 days	'	'

STOCKHOLDERS_EQUITY_Details_6

STOCKHOLDERS' EQUITY (Details 6) (USD $)	12 Months Ended			0 Months Ended	2 Months Ended
	Dec. 31, 2013	Jun. 30, 2014	Dec. 31, 2012	Dec. 16, 2013	Mar. 31, 2014
				Common Stock	Common Stock
Common Stock Warrants	'	'	'	'	'
Common stock reacquired (in shares)	'	'	'	127,015	492,513
Value of common stock reacquired	$44,455	'	'	$44,455	$181,421
Treasury stock, at cost, shares	127,015	619,528	0	'	'
Treasury stock, at cost	$44,455	$225,876	'	'	'

NET_LOSS_PER_COMMON_SHARE_Deta

NET LOSS PER COMMON SHARE (Details) (USD $)	3 Months Ended		6 Months Ended		12 Months Ended		28 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013
Numerator:	'	'	'	'	'	'	'
Net loss	($3,840,338)	($1,987,728)	($6,953,161)	($5,044,226)	($14,103,388)	($49,104,211)	($74,997,737)
Denominator:	'	'	'	'	'	'	'
Denominator for basic and diluted loss per share (in shares)	280,270,650	273,292,023	279,065,711	271,700,310	272,620,776	219,530,283	229,376,312
Net loss per common share, basic and diluted	'	'	'	'	'	'	'
Net loss per common share, basic and diluted (in dollars per share)	($0.01)	($0.01)	($0.02)	($0.02)	($0.07)	($0.24)	($0.37)

NET_LOSS_PER_COMMON_SHARE_Deta1

NET LOSS PER COMMON SHARE (Details 2)	6 Months Ended		12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013	Dec. 31, 2012
Antidilutive securities excluded from the computation of diluted shares outstanding	'	'	'	'
Common stock equivalents	82,962,621	46,009,031	92,699,621	51,553,779
Stock options	'	'	'	'
Antidilutive securities excluded from the computation of diluted shares outstanding	'	'	'	'
Common stock equivalents	32,900,000	33,200,000	32,900,000	35,298,000
Warrants	'	'	'	'
Antidilutive securities excluded from the computation of diluted shares outstanding	'	'	'	'
Common stock equivalents	21,244,621	12,809,031	26,244,621	16,255,779
Convertible preferred stock	'	'	'	'
Antidilutive securities excluded from the computation of diluted shares outstanding	'	'	'	'
Common stock equivalents	28,818,000	'	33,555,000	'

COMMITMENTS_AND_CONTINGENCIES_1

COMMITMENTS AND CONTINGENCIES (Details) (USD $)	1 Months Ended		6 Months Ended		12 Months Ended
	Mar. 31, 2012	Feb. 29, 2012	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013	Dec. 31, 2012
	sqft				sqft
COMMITMENTS AND CONTINGENCIES	'	'	'	'	'	'
Lease agreement term	'	'3 years	'	'	'	'
Net rentable square feet area for which rent is payable	2,390	'	'	'	2,390	'
Annual base rent per rentable square foot (in dollars per square foot)	'	'	18.5	'	18.5	'
Annual base rent	'	'	$44,215	'	$44,215	'
Future minimum rental payments	'	'	'	'	'	'
2014	'	'	23,303	'	46,207	'
2015	'	'	15,535	'	'	'
Total	'	'	38,838	'	61,742	'
Rent Expense	'	'	23,811	22,307	45,012	28,050
Future minimum lease payments under mining leases	'	'	'	'	'	'
2014	'	'	10,000	'	10,000	'
2015	'	'	10,000	'	10,000	'
2016	'	'	20,000	'	20,000	'
2017	'	'	25,000	'	25,000	'
2018	'	'	25,000	'	25,000	'
Thereafter	'	'	117,500	'	117,500	'
Total	'	'	$207,500	'	$207,500	'

SUBSEQUENT_EVENTS_Details

SUBSEQUENT EVENTS (Details) (USD $)

2 Months Ended

0 Months Ended

1 Months Ended

2 Months Ended

1 Months Ended

1 Months Ended

0 Months Ended

1 Months Ended

2 Months Ended

1 Months Ended

2 Months Ended

0 Months Ended

0 Months Ended

Feb. 29, 2012

Aug. 05, 2013

Apr. 30, 2014

Mar. 31, 2014

Aug. 31, 2013

Feb. 23, 2012

Aug. 31, 2013

Aug. 31, 2013

Jul. 30, 2014

Jul. 14, 2014

Jul. 02, 2014

Jul. 30, 2014

Jul. 14, 2014

Jul. 02, 2014

Jul. 30, 2014

Jul. 14, 2014

Jul. 02, 2014

Jul. 31, 2014

Mar. 31, 2014

Jul. 31, 2014

Mar. 31, 2014

Jul. 30, 2014

Jul. 14, 2014

Jul. 02, 2014

Jul. 31, 2014

Jul. 30, 2014

Jul. 14, 2014

Jul. 02, 2014

Convertible Series E Preferred Stock

Convertible Series E Preferred Stock

Convertible Series E Preferred Stock

Convertible Series E Preferred Stock

Warrant to purchase common stock

Warrant to purchase common stock

Warrant to purchase common stock

Subsequent event

Subsequent event

Subsequent event

Subsequent event

Subsequent event

Subsequent event

Subsequent event

Subsequent event

Subsequent event

Subsequent event

Subsequent event

Subsequent event

Subsequent event

Subsequent event

Subsequent event

Subsequent event

Subsequent event

Subsequent event

Subsequent event

Subsequent event

Private placement agent

Convertible Series E Preferred Stock

Convertible Series E Preferred Stock

Private placement agent

Private placement agent

Private placement agent

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Convertible Series E Preferred Stock

Convertible Series E Preferred Stock

Warrant to purchase common stock

Warrant to purchase common stock

Warrant to purchase common stock

Warrant to purchase common stock

Warrant to purchase common stock

Warrant to purchase common stock

Warrant to purchase common stock

Private placement agent

Private placement agent

Private placement agent

Private placement agent

Subsequent events

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of units sold

2,237,500

'

'

'

'

'

'

'

6,813,645

2,461,760

26,578,854

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of shares of common stock per unit

1

'

'

'

'

'

'

'

'

'

'

'

'

'

1

1

1

'

'

'

'

'

'

'

'

'

'

'

Term of warrants

'

'

'

'

'

'

'3 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'30 months

'30 months

'30 months

'

'30 months

'30 months

'30 months

Number of shares of common stock issued for each warrant

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.4

0.4

0.4

'

'

'

'

Warrants exercised price (in dollars per share)

'

'

'

'

'

$0.40

$0.40

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$0.45

$0.45

$0.45

'

$0.34

$0.34

$0.34

Aggregate number of common stock issued pursuant to sale of units

'

'

'

'

'

'

'

'

'

'

'

'

'

'

6,813,645

2,461,760

26,578,854

'

'

'

'

'

'

'

'

'

'

'

Number of shares of common stock to be acquired for warrants issued

'

'

'

'

'

'

12,639,600

13,590

'

'

'

'

'

'

'

'

'

'

'

'

'

2,725,454

984,700

10,631,522

14,341,676

342,855

241,252

1,884,139

Gross proceeds from sale of units

'

'

'

'

'

'

'

'

$2,300,000

$800,000

$9,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net proceeds from sale of units

847,500

'

'

'

'

'

'

'

2,200,000

700,000

8,200,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Commissions paid in cash

'

'

'

'

76,000

'

'

'

'

'

'

100,000

84,000

700,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Expenses paid for private placement of common units

'

'

'

'

'

'

'

'

'

'

'

$18,000

$16,000

$120,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of share of preferred stock converted in common shares

'

'

50

1,529

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

181

1,473

'

'

'

'

'

'

'

Aggregate number of common shares issued upon conversion

'

'

150,000

4,587,000

'

'

'

'

'

'

'

'

'

'

'

'

'

543,000

4,419,000

'

'

'

'

'

'

'

'

'

Number of common shares issued upon conversion

'

3,000

3,000

3,000

'

'

'

'

'

'

'

'

'

'

'

'

'

3,000

3,000

'

'

'

'

'

'

'

'

'

Conversion price per share of common stock (in dollars per share)

'

$0.33

$0.33

$0.33

'

'

'

'

'

'

'

'

'

'

'

'

'

$0.33

$0.33

'

'

'

'

'

'

'

'

'

CONSOLIDATED_BALANCE_SHEETS1

CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2013	Dec. 31, 2012
CURRENT ASSETS:	'	'
Cash and cash equivalents	$7,743,107	$3,218,191
Restricted cash - (see Note 5)	2,250,000	'
Other receivables	17,276	77,364
Prepaid expenses and other current assets	582,278	502,837
Total Current Assets	10,592,661	3,798,392
NON - CURRENT ASSETS:	'	'
Property and equipment, net - (see Note 6)	6,450,640	7,386,776
Mineral rights - (see Note 5)	16,786,912	16,786,912
Reclamation bond deposit - (see Note 5)	25,000	4,645,533
Deposits	3,884	3,884
Total Non - Current Assets	23,266,436	28,823,105
Total Assets	33,859,097	32,621,497
CURRENT LIABILITIES:	'	'
Accounts payable and accrued expenses	624,753	778,314
Note payable - current portion (see Note 7)	23,036	23,036
Note payable - related party - (see Note 10)	'	486,250
Total Current Liabilities	647,789	1,287,600
LONG-TERM LIABILITIES:	'	'
Note payable - long term portion (see Note 7)	36,474	59,510
Total Liabilities	684,263	1,347,110
Commitments and Contingencies	'	'
STOCKHOLDERS' EQUITY :	'	'
Common stock ($.0001 Par Value; 500,000,000 Shares Authorized; 275,917,023 and 266,592,023 shares issued and 275,790,008 and 266,592,023 outstanding as of December 31, 2013 and 2012, respectively) - (see Note 9)	27,592	26,659
Additional paid-in capital	133,201,209	113,052,194
Treasury stock, at cost, (127,015 and None Shares as of December 31, 2013 and 2012)	-44,455	'
Accumulated deficit	-14,901,794	-14,901,794
Accumulated deficit since inception of exploration stage (September 1, 2011)	-85,107,719	-66,902,672
Total Stockholders' Equity	33,174,834	31,274,387
Total Liabilities and Stockholders' Equity	33,859,097	32,621,497
Convertible Series A Preferred Stock	'	'
STOCKHOLDERS' EQUITY :	'	'
Preferred stock, $0.0001 par value; 50,000,000 authorized - (see Note 11)	'	'
Convertible Series B Preferred Stock	'	'
STOCKHOLDERS' EQUITY :	'	'
Preferred stock, $0.0001 par value; 50,000,000 authorized - (see Note 11)	'	'
Convertible Series C Preferred Stock	'	'
STOCKHOLDERS' EQUITY :	'	'
Preferred stock, $0.0001 par value; 50,000,000 authorized - (see Note 11)	'	'
Convertible Series D Preferred Stock	'	'
STOCKHOLDERS' EQUITY :	'	'
Preferred stock, $0.0001 par value; 50,000,000 authorized - (see Note 11)	'	'
Preferred Stock - Series E	'	'
STOCKHOLDERS' EQUITY :	'	'
Preferred stock, $0.0001 par value; 50,000,000 authorized - (see Note 11)	$1	'

CONSOLIDATED_BALANCE_SHEETS_Pa1

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)

Jun. 30, 2014

Dec. 31, 2013

Dec. 31, 2012

Jun. 30, 2014

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Jun. 30, 2014

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Jun. 30, 2014

Dec. 31, 2013

Dec. 31, 2012

Jun. 30, 2014

Dec. 31, 2013

Dec. 31, 2012

Apr. 11, 2012

Feb. 21, 2012

Jun. 30, 2014

Dec. 31, 2013

Aug. 05, 2013

Dec. 31, 2012

Convertible Series A Preferred Stock

Convertible Series A Preferred Stock

Convertible Series A Preferred Stock

Convertible Series A Preferred Stock

Convertible Series B Preferred Stock

Convertible Series B Preferred Stock

Convertible Series B Preferred Stock

Convertible Series B Preferred Stock

Convertible Series C Preferred Stock

Convertible Series C Preferred Stock

Convertible Series C Preferred Stock

Convertible Series D Preferred Stock

Convertible Series D Preferred Stock

Convertible Series D Preferred Stock

Convertible Series D Preferred Stock

Convertible Series D Preferred Stock

Preferred Stock - Series E

Preferred Stock - Series E

Preferred Stock - Series E

Preferred Stock - Series E

Preferred stock, Par Value (in dollars per share)

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

'

$0.00

$0.00

$0.00

'

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

'

'

$0.00

$0.00

'

$0.00

Preferred stock, Authorized (in shares)

50,000,000

50,000,000

50,000,000

2,250,000

2,250,000

2,250,000

'

8,000,000

8,000,000

8,000,000

'

3,284,396

3,284,396

3,284,396

7,500,000

7,500,000

7,500,000

7,500,000

1,000,000

15,151

15,151

15,151

15,151

Preferred stock, Issued (in shares)

'

'

'

0

0

0

7,500,000

0

0

0

7,500,000

0

0

0

0

0

0

'

'

9,606

11,185

'

0

Preferred stock, Outstanding (in shares)

'

'

'

0

0

0

'

0

0

0

'

0

0

0

0

0

0

'

'

9,606

11,185

'

0

Common stock, Par Value (in dollars per share)

$0.00

$0.00

$0.00

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Common stock, Authorized (in shares)

500,000,000

500,000,000

500,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Common stock, issued (in shares)

280,904,023

275,917,023

266,592,023

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Common stock, Outstanding (in shares)

280,284,495

275,790,008

266,592,023

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Treasury stock, at cost, shares

619,528

127,015

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

CONSOLIDATED_STATEMENTS_OF_OPE1

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	12 Months Ended		28 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013
CONSOLIDATED STATEMENTS OF OPERATIONS	'	'	'
Net revenues	$0	'	'
Operating expenses:	'	'	'
Compensation and related taxes	7,076,696	19,726,749	27,885,524
Exploration cost	3,204,629	5,221,001	10,225,652
Consulting fees	1,579,211	2,334,297	9,484,687
General and administrative expenses	3,830,117	4,172,283	9,434,870
Total operating expenses	15,690,653	31,454,330	57,030,733
Operating loss from continuing operations	-15,690,653	-31,454,330	-57,030,733
OTHER INCOME (EXPENSES):	'	'	'
Other income	'	80,000	80,000
Gain from sale of uranium assets pursuant to an option agreement	'	930,000	930,000
Gain from sale of subsidiaries	'	2,500,000	2,500,000
Loss from extinguishment of debts	'	-4,769,776	-4,769,776
Change in fair value of derivative liability	'	-1,454,889	5,447,917
Loss from disposal of assets	'	-18,729	-192,759
Warrant settlement expense	-45,484	-4,883,196	-9,727,680
Realized gain - trading securities	'	19,702	19,702
Realized gain - available for sale securities - (see Note 4)	1,656,333	1,490,600	3,146,933
Share of loss of equity method investee	'	-83,333	-83,333
Interest expense and other finance costs, net of interest income	-23,584	-11,408,798	-15,947,858
Total other income (expenses) - net	1,587,265	-17,598,419	-18,596,854
Loss from continuing operations before provision for income taxes	-14,103,388	-49,052,749	-75,627,587
Provision for income taxes	0	'	'
Loss from continuing operations	-14,103,388	-49,052,749	-75,627,587
Discontinued operations:	'	'	'
(Loss) gain from discontinued operations, net of tax	0	-50,298	802,367
Net loss	-14,103,388	-49,103,047	-74,825,220
Less: Net loss attributable to non-controlling interest	'	-1,164	-172,517
Net loss attributable to Pershing Gold Corporation	-14,103,388	-49,104,211	-74,997,737
Preferred deemed dividend	-4,101,659	-2,702,777	-10,088,832
Preferred stock dividend	'	-21,150	-21,150
Net loss available to common stockholders	($18,205,047)	($51,828,138)	($85,107,719)
Loss per common share, basic and diluted:	'	'	'
Loss from continuing operations (in dollars per share)	($0.07)	($0.24)	($0.37)
Loss from discontinued operations (in dollars per share)	$0	$0	$0
Earnings per share basic and diluted (in dollars per share)	($0.07)	($0.24)	($0.37)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - Basic and Diluted (in shares)	272,620,776	219,530,283	229,376,312

CONSOLIDATED_STATEMENTS_OF_CHA

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (USD $)

Total

Officers and employees

Consultants

Officers

Preferred Stock - Series D

Preferred Stock - Series E

Common Stock

Preferred Stock

Preferred Stock

Preferred Stock

Preferred Stock

Preferred Stock

Preferred Stock

Common Stock

Common Stock

Common Stock

Common Stock

Additional Paid-In Capital

Additional Paid-In Capital

Additional Paid-In Capital

Additional Paid-In Capital

Additional Paid-In Capital

Additional Paid-In Capital

Additional Paid-In Capital

Treasury Stock

Accumulated Deficit

Non-Controlling Interest

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

Preferred Stock - Series A

Preferred Stock - Series B

Preferred Stock - Series C

Preferred Stock - Series D

Preferred Stock - Series E

USD ($)

Officers and employees

Consultants

Officers

USD ($)

Officers and employees

Consultants

Officers

Preferred Stock - Series D

Preferred Stock - Series E

Common Stock

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

Balance at Sep. 01, 2011

$11,062,437

'

'

'

'

'

'

'

$75

$800

'

'

'

$11,318

'

'

'

$25,952,038

'

'

'

'

'

'

'

($14,901,794)

'

Balance (in shares) at Sep. 01, 2011

'

'

'

'

'

'

'

'

750,000

8,000,000

'

'

'

113,191,020

'

'

'

'

'

'

'

'

'

'

'

'

'

Changes Stockholders' Equity

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Issuance of common stock in connection with the conversion of promissory notes

1,007,747

'

'

'

'

'

'

'

'

'

'

'

'

120

'

'

'

1,007,627

'

'

'

'

'

'

'

'

'

Issuance of common stock in connection with the conversion of promissory notes (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

1,196,238

'

'

'

'

'

'

'

'

'

'

'

'

'

Issuance of preferred stock with warrants for cash

3,284,396

'

'

'

'

'

'

'

'

'

328

'

'

'

'

'

'

3,284,068

'

'

'

'

'

'

'

'

'

Issuance of preferred stock with warrants for cash (in shares)

'

'

'

'

'

'

'

'

'

'

3,284,396

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Beneficial conversion feature in connection with a convertible promissory note

1,715,604

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,715,604

'

'

'

'

'

'

'

'

'

Preferred stock deemed dividend

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3,284,396

'

'

'

'

'

'

'

-3,284,396

'

Issuance of common stock in connection with a put right and release settlement agreement

4,761,500

'

'

'

'

'

'

'

'

'

'

'

'

535

'

'

'

4,760,965

'

'

'

'

'

'

'

'

'

Issuance of common stock in connection with a put right and release settlement agreement (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

5,350,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Cancellation of common stock in connection with the separation agreement

'

'

'

'

'

'

'

'

'

'

'

'

'

-75

'

'

'

75

'

'

'

'

'

'

'

'

'

Cancellation of common stock in connection with the separation agreement (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

-750,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Cancellation of common stock issued to a founder

'

'

'

'

'

'

'

'

'

'

'

'

'

-45

'

'

'

45

'

'

'

'

'

'

'

'

'

Cancellation of common stock issued to a founder (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

-450,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Issuance of stock for cash

3,177,416

'

'

'

'

'

'

'

'

'

'

'

'

801

'

'

'

3,176,615

'

'

'

'

'

'

'

'

'

Issuance of stock for cash (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

8,011,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Issuance of stock in connection with the conversion of a promissory note into a current private placement

611,750

'

'

'

'

'

'

'

'

'

'

'

'

153

'

'

'

611,597

'

'

'

'

'

'

'

'

'

Issuance of stock in connection with the conversion of a promissory note into a current private placement ( in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

1,529,375

'

'

'

'

'

'

'

'

'

'

'

'

'

Stock-based compensation in connection with options granted to employees and consultants

249,027

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

249,027

'

'

'

'

'

'

'

'

'

Stock-based compensation in connection with the assumed options and warrants attributable to post-combination services

2,235,439

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,235,439

'

'

'

'

'

'

'

'

'

Net loss

-11,791,302

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-11,790,138

-1,164

Issuance of common stock for services

837,500

'

'

'

'

'

'

'

'

'

'

'

'

115

'

'

'

837,385

'

'

'

'

'

'

'

'

'

Issuance of common stock for services (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

1,150,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Issuance of common stock for conversion of preferred stock

'

'

'

'

'

'

'

'

-75

-750

'

'

'

825

'

'

'

'

'

'

'

'

'

'

'

'

'

Issuance of common stock for conversion of preferred stock (in shares)

'

'

'

'

'

'

'

'

-750,000

-7,500,000

'

'

'

8,250,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Issuance of common stock for exercise of warrants

'

'

'

'

'

'

'

'

'

'

'

'

'

530

'

'

'

-530

'

'

'

'

'

'

'

'

'

Issuance of common stock for exercise of warrants (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

5,295,480

'

'

'

'

'

'

'

'

'

'

'

'

'

Balance at Dec. 31, 2011

17,151,514

'

'

'

'

'

'

'

'

50

328

'

'

14,277

'

'

'

47,114,351

'

'

'

'

'

'

'

-29,976,328

-1,164

Balance (in shares) at Dec. 31, 2011

'

'

'

'

'

'

'

'

'

500,000

3,284,396

'

'

142,773,113

'

'

'

'

'

'

'

'

'

'

'

'

'

Changes Stockholders' Equity

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Distributions to former parent company

-611,589

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-611,589

'

'

'

'

'

'

'

'

'

Issuance of stock for cash

9,432,450

'

'

'

'

'

'

1,000,000

'

'

'

100

'

2,883

'

'

'

'

'

'

'

999,900

'

9,429,567

'

'

'

Issuance of stock for cash (in shares)

'

'

'

'

'

'

'

'

'

'

'

1,000,000

'

28,827,139

'

'

'

'

'

'

'

'

'

'

'

'

'

Issuance of stock to placement agent in connection with sale of stock

'

'

'

'

'

'

'

'

'

'

'

'

'

30

'

'

'

-30

'

'

'

'

'

'

'

'

'

Issuance of stock to placement agent in connection with sale of stock (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

303,030

'

'

'

'

'

'

'

'

'

'

'

'

'

Issuance of common and preferred stock for conversion of notes payable

12,958,913

'

'

'

'

'

'

'

'

'

'

549

'

1,284

'

'

'

13,494,579

'

'

'

'

'

'

'

-537,499

'

Issuance of common and preferred stock for conversion of notes payable (in shares)

'

'

'

'

'

'

'

'

'

'

'

5,486,968

'

12,841,082

'

'

'

'

'

'

'

'

'

'

'

'

'

Issuance of restricted common stock

'

'

'

1,230,130

'

'

'

'

'

'

'

'

'

'

'

'

920

'

'

'

1,229,210

'

'

'

'

'

'

Issuance of restricted common stock (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

9,200,000

'

'

'

'

'

'

'

'

'

'

Stock-based compensation in connection with options granted to employees and consultants

11,903,087

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

11,903,087

'

'

'

'

'

'

'

'

'

Stock-based compensation in connection with the assumed options and warrants attributable to post-combination services

1,426,152

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,426,152

'

'

'

'

'

'

'

'

'

Stock-based compensation in connection with warrants granted to consultants

163,155

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

163,155

'

'

'

'

'

'

'

'

'

Preferred stock deemed dividend in connection with the sale of preferred stock

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,000,000

'

'

'

'

'

'

'

-1,000,000

'

Preferred Stock dividends

-21,150

'

'

'

-21,150

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-21,150

'

Net loss

-49,103,047

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-49,104,211

1,164

Reclassification of derivatives to equity

7,750,289

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

7,750,289

'

'

'

'

'

'

'

'

'

Assignment of common stock in connection with cancellation of debt and assignment of shares agreement

103,500

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

103,500

'

'

'

'

'

'

'

'

'

Issuance of common stock for services

454,642

'

'

'

'

'

'

'

'

'

'

'

'

50

'

'

'

454,592

'

'

'

'

'

'

'

'

'

Issuance of common stock for services (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Cancellation of common stock in connection with the Agreement and Plan of Merger with Valor Gold

'

'

'

'

'

'

'

'

'

'

'

'

'

-175

'

'

'

175

'

'

'

'

'

'

'

'

'

Cancellation of common stock in connection with the Agreement and Plan of Merger with Valor Gold (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

-1,750,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Issuance of common stock in connection with the cancellation of warrants

4,883,196

'

'

'

'

'

'

'

'

'

'

'

'

973

'

'

'

4,882,223

'

'

'

'

'

'

'

'

'

Issuance of common stock in connection with the cancellation of warrants (in shares)

9,729,285

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Issuance of restricted common stock in connection with an employment agreement

3,817,917

'

'

'

'

'

'

'

'

'

'

'

'

1,200

'

'

'

3,816,717

'

'

'

'

'

'

'

'

'

Issuance of restricted common stock in connection with an employment agreement (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

12,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Issuance of common stock in connection with the note modification agreement

978,000

'

'

'

'

'

'

'

'

'

'

'

'

200

'

'

'

977,800

'

'

'

'

'

'

'

'

'

Issuance of common stock in connection with the note modification agreement (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

2,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Issuance of warrants in connection with the note modification agreement

2,044,186

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,044,186

'

'

'

'

'

'

'

'

'

Issuance of common stock for conversion of preferred stock

3,601

'

'

'

'

'

'

'

'

-50

-328

-649

'

3,093

'

'

'

80,813

'

'

'

'

'

'

'

-79,278

'

Issuance of common stock for conversion of preferred stock (in shares)

'

'

'

'

'

'

'

'

'

-500,000

-3,284,396

-6,486,968

'

30,938,656

'

'

'

'

'

'

'

'

'

'

'

'

'

Issuance of common stock as consideration for the conversion of preferred stock

'

'

'

'

'

'

'

'

'

'

'

'

'

300

'

'

'

1,085,700

'

'

'

'

'

'

'

-1,086,000

'

Issuance of common stock as consideration for the conversion of preferred stock (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

3,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Issuance of common stock for exercise of warrants

'

'

'

'

'

'

'

'

'

'

'

'

'

624

'

'

'

-624

'

'

'

'

'

'

'

'

'

Issuance of common stock for exercise of warrants (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

6,229,718

'

'

'

'

'

'

'

'

'

'

'

'

'

Issuance of common stock in connection with the acquisition of mineral rights

4,600,000

'

'

'

'

'

'

'

'

'

'

'

'

1,000

'

'

'

4,599,000

'

'

'

'

'

'

'

'

'

Issuance of common stock in connection with the acquisition of mineral rights (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

10,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Issuance of warrants in connection with the acquisition of mineral rights

1,109,441

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,109,441

'

'

'

'

'

'

'

'

'

Balance at Dec. 31, 2012

31,274,387

'

'

'

'

'

'

'

'

'

'

'

'

26,659

'

'

'

113,052,194

'

'

'

'

'

'

'

-81,804,466

'

Balance (in shares) at Dec. 31, 2012

'

'

'

'

'

'

'

'

'

'

'

'

'

266,592,023

'

'

'

'

'

'

'

'

'

'

'

'

'

Changes Stockholders' Equity

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Distributions to former parent company

-15,066

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-15,066

'

'

'

'

'

'

'

'

'

Issuance of stock for cash

'

'

'

'

'

'

'

10,227,079

'

'

'

'

1

'

'

'

'

'

'

'

'

'

10,227,078

'

'

'

'

Issuance of stock for cash (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

10,466

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Issuance of stock to placement agent in connection with sale of stock (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

67

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Repurchase of common stock

-44,455

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-44,455

'

'

Issuance of stock in connection with the conversion of a promissory note into a current private placement

645,480

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

645,480

'

'

'

'

'

'

'

'

'

Issuance of stock in connection with the conversion of a promissory note into a current private placement ( in shares)

'

'

'

'

'

'

'

'

'

'

'

'

652

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Stock-based compensation in connection with restricted common stock grants in 2012

2,685,815

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,685,815

'

'

'

'

'

'

'

'

'

Issuance of restricted common stock

'

1,389,986

696,362

'

'

'

'

'

'

'

'

'

'

'

573

360

'

'

1,389,413

696,002

'

'

'

'

'

'

'

Issuance of restricted common stock (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5,725,000

3,600,000

'

'

'

'

'

'

'

'

'

'

'

Stock-based compensation in connection with options granted to employees and consultants

355,694

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

355,694

'

'

'

'

'

'

'

'

'

Stock-based compensation in connection with the assumed options and warrants attributable to post-combination services

27,861

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

27,861

'

'

'

'

'

'

'

'

'

Stock-based compensation in connection with modification of terms of stock options

35,079

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

35,079

'

'

'

'

'

'

'

'

'

Preferred stock deemed dividend in connection with the sale of preferred stock

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4,101,659

'

'

'

'

'

'

'

-4,101,659

'

Net loss

-14,103,388

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-14,103,388

'

Balance at Dec. 31, 2013

$33,174,834

'

'

'

'

'

'

'

'

'

'

'

$1

$27,592

'

'

'

$133,201,209

'

'

'

'

'

'

($44,455)

($100,009,513)

'

Balance (in shares) at Dec. 31, 2013

'

'

'

'

'

'

'

'

'

'

'

'

11,185

275,917,023

'

'

'

'

'

'

'

'

'

'

'

'

'

CONSOLIDATED_STATEMENTS_OF_CAS1

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended		28 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:	'	'	'
Net loss attributable to Pershing Gold Corporation	($14,103,388)	($49,104,211)	($74,997,737)
Adjustments to reconcile net loss to net cash used in operating activities:	'	'	'
Depreciation	969,311	992,648	2,287,887
Bad debts	'	13,333	513,333
Bad debts in connection with discontinued operations	'	27,550	65,300
Amortization of debt discounts and deferred financing cost	'	8,100,450	12,049,972
Amortization of prepaid expense in connection with the issuance of common stock issued for prepaid services	'	'	116,669
Loss from extinguishment of debts	'	4,769,776	4,769,776
Change in fair value of derivative liability	'	1,454,889	-5,447,917
Interest expense in connection with the note modification	'	3,022,186	3,022,186
Interest expense in connection with the conversion of notes payable	'	'	230,192
Interest expense in connection with the cancellation of debt and assignment of shares agreement	'	61,500	61,500
Gain from disposal of discontinued operations	'	'	-1,134,448
Loss from disposal of assets	'	18,729	192,759
Non-controlling interest	'	1,164	172,348
Realized gain - available for sale securities	-1,656,333	-1,490,600	-3,146,933
Realized gain - trading securities	'	-19,702	-19,702
Gain from sale of subsidiary	'	-500,000	-500,000
Share of loss of equity method investee	'	83,333	83,333
Common stock issued and included in settlement expense	'	4,883,196	9,644,696
Stock-based compensation	5,190,797	18,824,469	27,337,233
Gain from sale of uranium assets pursuant to an option agreement	'	-930,000	-930,000
Changes in operating assets and liabilities:	'	'	'
Restricted cash - current portion	-2,250,000	'	-929,183
Other receivables	60,088	22,544	69,299
Prepaid expenses - current portion and other current assets	-79,441	-110,591	1,679,290
Assets of discontinued operations - current portion	'	'	141,378
Prepaid expenses - long-term portion	'	37,759	41,912
Restricted cash - long-term portion	'	'	500,000
Reclamation bond deposits	4,620,533	-95,788	4,524,745
Assets of discontinued operations - long term portion	'	'	40,556
Accounts payable and accrued expenses	5,669	15,681	384,296
Liabilities of discontinued operation	'	-21,622	28,730
NET CASH USED IN OPERATING ACTIVITIES	-7,242,764	-9,943,307	-19,148,530
CASH FLOWS FROM INVESTING ACTIVITIES:	'	'	'
Acquisition of mining rights	'	-2,576,400	-2,576,400
Payments received on notes receivable	'	1,430,000	1,430,000
Increase in reclamation bond deposits	'	'	-1,715,629
Net proceeds received from the sale of marketable securities	1,656,333	1,610,302	3,266,635
Proceeds from disposal of assets	'	74,074	207,505
Purchase of property and equipment	-33,175	-336,485	-435,908
NET CASH PROVIDED BY INVESTING ACTIVITIES	1,623,158	201,491	176,203
CASH FLOWS FROM FINANCING ACTIVITIES:	'	'	'
Proceeds from sale of common stock, net of issuance costs	'	9,432,450	12,609,866
Proceeds from sale of preferred stock, net of issuance costs	10,227,079	1,000,000	14,511,475
Proceeds from note payable	'	500,000	500,000
Proceeds from convertible promissory notes	'	'	1,715,604
Purchase of treasury stock	-44,455	'	-44,455
Payments on notes payable	-23,036	-1,549,370	-3,439,128
Advances to former parent company	'	'	48,745
Distribution to former parent company	-15,066	-93,640	-108,706
NET CASH PROVIDED BY FINANCING ACTIVITIES	10,144,522	9,289,440	25,793,401
EFFECT OF EXCHANGE RATE ON CASH	'	'	1,649
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	4,524,916	-452,376	6,822,723
CASH AND CASH EQUIVALENTS- beginning of year	3,218,191	3,670,567	920,384
CASH AND CASH EQUIVALENTS- end of year	7,743,107	3,218,191	7,743,107
Cash paid for:	'	'	'
Interest	4,968	197,633	535,092
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:	'	'	'
Issuance of common stock for payment of notes payable and accrued interest	0	8,315,258	9,323,005
Issuance of common stock in connection with the conversion of a promissory note into a current private placement	0	'	611,750
Issuance of preferred stock in connection with the conversion of a promissory note and accrued interest into a current private placement	645,480	'	'
Issuance of additional notes payable upon assignment of debt	0	294,285	294,285
Beneficial conversion feature and debt discount in connection with the issuance of convertible promissory notes	'	168,163	1,883,767
Preferred stock deemed dividend	4,101,659	2,702,777	10,088,832
Issuance of common stock for payment of Continental's accrued legal fees	0	170,614	170,614
Issuance of common stock for payment of accrued dividend	0	3,601	3,601
Reclassification of derivative liability to equity	0	7,750,289	7,750,289
Issuance of a note receivable upon sale of subsidiary	0	500,000	500,000
Issuance of a note receivable in connection with sale of uranium assets pursuant to an option agreement	0	930,000	930,000
Common stock and warrants issued for acquisition of mining rights	0	5,709,441	5,709,441
Distribution to former parent company	0	517,949	517,949
Cancellation of debt in connection with the assignment of shares	0	42,000	42,000
Issuance of a note payable for purchase of mining equipment	0	92,145	92,145
Cancellation of debt in connection with an assignment agreement	$0	$33,500	$33,500

ORGANIZATION_AND_DESCRIPTION_O5

ORGANIZATION AND DESCRIPTION OF BUSINESS	6 Months Ended	12 Months Ended
	Jun. 30, 2014	Dec. 31, 2013
ORGANIZATION AND DESCRIPTION OF BUSINESS	'	'
ORGANIZATION AND DESCRIPTION OF BUSINESS	'	'
	NOTE 1 — ORGANIZATION AND DESCRIPTION OF BUSINESS	NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS
	Organization	Organization
	Pershing Gold Corporation (the “Company”), formerly named Sagebrush Gold Ltd., was incorporated under the laws of the State of Nevada on August 2, 2007. The Company is a gold and precious metals exploration company pursuing exploration and development opportunities primarily in Nevada. The Company is currently focused on exploration of its Relief Canyon properties in Pershing County in northwestern Nevada. None of the Company’s properties contain proven and probable reserves, and all of the Company’s activities on all of its properties are exploratory in nature.	Pershing Gold Corporation (the “Company”), formerly named Sagebrush Gold Ltd., formerly named The Empire Sports & Entertainment Holdings Co. (“Empire”), formerly named Excel Global, Inc., was incorporated under the laws of the State of Nevada on August 2, 2007. On February 27, 2012, the Company changed its name to Pershing Gold Corporation. The Company is a gold and precious metals exploration company pursuing exploration and development opportunities primarily in Nevada. The Company is currently focused on exploration of its Relief Canyon properties in Pershing County in northwestern Nevada. None of the Company’s properties contain proven and probable reserves, and all of the Company’s activities on all of its properties are exploratory in nature.
	A wholly-owned subsidiary, EXCX Funding Corp., a Nevada corporation was formed in January 2011 and held the note payable - related party, which was exchanged for the Company’s Series E Convertible Preferred Stock (“Series E Stock”) and warrants in August 2013 and was cancelled. On April 6, 2014 EXCX Funding Corp. was liquidated and dissolved.	On September 1, 2011, the Company exited the sports and entertainment business and disposed of its Empire subsidiary pursuant to a Stock Purchase Agreement by and between the Company, Empire and Concert International Inc. (“CII”). Pursuant to the stock purchase agreement, the Company agreed to sell to CII its Empire subsidiary, including the 66.67% equity ownership interest in Capital Hoedown Inc. (“Capital Hoedown”), for $500,000. As a result, on September 1, 2011, Empire and Capital Hoedown were no longer subsidiaries of the Company.
	On August 30, 2011, the Company, through its wholly-owned subsidiary, Gold Acquisition Corp. (“Gold Acquisition”) acquired the Relief Canyon Mine property (“Relief Canyon”) located in Pershing County, near Lovelock, Nevada, for an aggregate purchase price consisting of: (i) $12,000,000 cash and (ii) $8,000,000 in senior secured convertible promissory notes.	A wholly-owned subsidiary, EXCX Funding Corp., a Nevada corporation was formed in January 2011 and held the note payable - related party (see Note 10), which was exchanged for the Company’s Series E Convertible Preferred Stock and warrants in August 2013 and was cancelled (see Note 11).
	A wholly-owned subsidiary, Pershing Royalty Company, a Delaware corporation, was formed on May 17, 2012 to hold royalty interests in two gold exploration properties.	On August 30, 2011, the Company, through its wholly-owned subsidiary, Gold Acquisition Corp. (“Gold Acquisition”) acquired the Relief Canyon Mine property (“Relief Canyon”) located in Pershing County, near Lovelock, Nevada, for an aggregate purchase price consisting of: (i) $12,000,000 cash and (ii) $8,000,000 in senior secured convertible promissory notes.
	Going concern	A wholly-owned subsidiary, Pershing Royalty Company, a Delaware corporation, was formed on May 17, 2012 to hold royalty interests in two gold exploration properties (see Note 3).
	The Company is in the exploration stage and does not generate revenues to meet its operating expenses.	Going Concern
	These consolidated financial statements of the Company have been prepared assuming that the Company will continue as a going concern, which contemplates, among other things, the realization of assets and the satisfaction of liabilities in the normal course of business over a reasonable period of time. The Company has incurred a net loss of approximately $7.0 million for the six months ended June 30, 2014, has used $4.6 million of net cash in operations for the six months ended June 30, 2014, has incurred a total cumulative deficit of approximately $107.0 million since its inception and requires capital for its contemplated business and exploration activities to take place. The Company plans to raise additional capital to carry out its business plan. The Company’s ability to raise additional capital through future equity and debt securities issuances is unknown. Obtaining additional financing, the successful development of the Company’s contemplated plan of operations, and its transition, ultimately, to profitable operations are necessary for the Company to continue business. The ability to successfully resolve these factors raises substantial doubt about the Company’s ability to continue as a going concern. The consolidated financial statements of the Company do not include any adjustments that may result from the outcome of the uncertainties.	The Company is in the exploration stage and does not generate revenues to meet its operating expenses.
	In July 2014, the Company completed private placements to accredited investors for the purchase of 35,854,259 shares of its common stock and warrants to purchase 14,341,676 shares of common stock for aggregate net proceeds of approximately $11.1 million (see Note 11).	These consolidated financial statements of the Company have been prepared assuming that the Company will continue as a going concern, which contemplates, among other things, the realization of assets and the satisfaction of liabilities in the normal course of business over a reasonable period of time. The Company has incurred a net loss of approximately $14.0 million for the year ended December 31, 2013, approximately $7.2 million of net cash was used in operations for the year ended December 31, 2013 and has incurred a total accumulated deficit of approximately $100.0 million since its inception and requires capital for its contemplated operational and continued exploration activities. The Company plans to raise additional capital to carry out its business plan. The Company’s ability to raise additional capital through future equity and debt securities issuances is unknown. Obtaining additional financing, the successful development of the Company’s contemplated plan of operations, and its transition, ultimately, to profitable operations are necessary for the Company to continue operations. The ability to successfully resolve these factors raises substantial doubt about the Company’s ability to continue as a going concern. The audited consolidated financial statements of the Company do not include any adjustments that may result from the outcome of the uncertainties.
	In August 2013, the Company completed a private placement to several accredited investors for the purchase of 10,533 shares of its Series E Stock and warrants to purchase 12,639,600 shares of common stock for aggregate net proceeds of approximately $10.2 million (see Note 8).	In August 2013, the Company completed a private placement to several accredited investors for the purchase of 10,533 shares of its Series E Convertible Preferred Stock (“Series E”) and 12,639,600 warrants to purchase shares of common stock for aggregate net proceeds of approximately $10.2  million (see Note 11).
	In addition, in August 2013, the Company issued 652 shares of its Series E Stock and warrants to purchase 782,400 shares of common stock in exchange for the cancellation of a note payable — related party and accrued interest totaling approximately $646,000 (see Note 8).	In addition, in August 2013, the Company issued 652 shares of its Series E stock and 782,400 warrants to purchase shares of common stock in exchange for the cancellation of a note payable — related party and accrued interest totaling approximately $646,000 (see Note 10).

SUMMARY_OF_SIGNIFICANT_ACCOUNT3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended	12 Months Ended
	Jun. 30, 2014	Dec. 31, 2013
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'	'
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'	'
	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Basis of presentation and principles of consolidation	Basis of Presentation and Principle of Consolidation
	The consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (“US GAAP”) and present the consolidated financial statements of the Company as of June 30, 2014. All intercompany transactions and balances have been eliminated. All adjustments (consisting of normal recurring items) necessary to present fairly the Company’s financial position as of June 30, 2014, and the results of operations and cash flows for the six months ended June 30, 2014 have been included. The results of operations for the six months ended June 30, 2014 are not necessarily indicative of the results to be expected for the full year. The accounting policies and procedures employed in the preparation of these consolidated financial statements have been derived from the audited financial statements of the Company for the fiscal year ended December 31, 2013, which are contained in the Company’s Form 10-K as filed with the Securities and Exchange Commission (“SEC”) on March 26, 2014. The consolidated balance sheet as of December 31, 2013, contained herein, was derived from those financial statements.	The consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (“US GAAP”) and present the consolidated financial statements of the Company and its majority-owned subsidiaries as of December 31, 2013. In the preparation of the consolidated financial statements of the Company, intercompany transactions and balances are eliminated and net earnings are reduced by the portion of the net earnings of subsidiaries applicable to non-controlling interests.
	Use of estimates	Exploration Stage Company
	In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated balance sheet, and revenues and expenses for the period then ended. Actual results may differ significantly from those estimates. Significant estimates made by management include, but are not limited to, allowance for bad debts, the useful life of property and equipment, the assumptions used to calculate fair value of options and warrants granted and derivative liability, beneficial conversion on convertible notes payable and preferred stock, capitalized mineral rights, asset valuations, common stock issued for services, common stock issued for conversion of notes and common stock issued in connection with an acquisition.	The Company is a gold and precious metals exploration company pursuing exploration and development opportunities primarily in Nevada. The Company has been in the exploration stage since September 1, 2011 and has not yet realized any revenues from its planned operations. The Company is an exploration stage company as defined in Financial Accounting Standards Board (“FASB”) issued Accounting Standards Codification (“ASC”) ASC 915 “Development Stage Entities”.
	Cash and cash equivalents	Use of Estimates and Assumptions
	The Company considers all highly liquid investments with a maturity of three months or less when acquired to be cash equivalents. The Company places its cash with high credit quality financial institutions. The Company’s accounts at these institutions are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000. At June 30, 2014, the Company had bank balances exceeding the FDIC insurance limit on interest bearing accounts. To reduce its risk associated with the failure of such financial institutions, the Company evaluates at least annually the rating of the financial institutions in which it holds deposits.	In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated balance sheet, and revenues and expenses for the period then ended. Actual results may differ significantly from those estimates. Significant estimates made by management include, but are not limited to, allowance for bad debts, the useful life of property and equipment, the assumptions used to calculate fair value of options and warrants granted and derivative liability, beneficial conversion on convertible notes payable and preferred stock, capitalized mineral rights, asset valuations, common stock issued for services, common stock issued for conversion of notes and common stock issued in connection with an acquisition.
	Restricted cash	Non-Controlling Interests in Consolidated Financial Statements
	Restricted cash consists of cash and investments which are held as collateral under a surface management surety bond issued on the Company’s behalf.	Issued in December 2007, ASC 810-10-65, “Non-controlling Interests in Consolidated Financial Statements” clarifies that a non-controlling (minority) interest in a subsidiary is an ownership interest in the entity that should be reported as equity in the consolidated financial statements. It also requires consolidated net income to include the amounts attributable to both the parent and non-controlling interest, with disclosure on the face of the consolidated income statement of the amounts attributed to the parent and to the non-controlling interest. In accordance with ASC 810-10-45-21, those losses attributable to the parent and the non-controlling interest in subsidiary may exceed their interests in the subsidiary’s equity. The excess and any further losses attributable to the parent and the non-controlling interest shall be attributed to those interests even if that attribution results in a deficit non-controlling interest balance.
	Marketable securities	Cash and Cash Equivalents
	Marketable securities consist of the Company’s investment in publicly traded equity securities and are generally restricted for sale under Federal securities laws. The Company’s policy is to liquidate securities received when market conditions are favorable for sale. Since these securities are often restricted, the Company is unable to liquidate them until the restriction is removed. Marketable securities that are bought and held principally for the purpose of selling them in the near term are to be classified as trading securities and reported at fair value, with unrealized gains and losses included in earnings. Pursuant to ASC Topic 320, “Investments — Debt and Equity Securities,” the Company’s marketable securities have a readily determinable and active quoted price, such as from NASDAQ, NYSE Euronext, the Over the Counter Bulletin Board, and the OTC Markets Group.	The Company considers all highly liquid investments with a maturity of three months or less when acquired to be cash equivalents. The Company places its cash with a high credit quality financial institution. The Company’s accounts at this institution are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000. At December 31, 2013, the Company had bank balances exceeding the FDIC insurance limit on interest bearing accounts. To reduce its risk associated with the failure of such financial institution, the Company evaluates at least annually the rating of the financial institution in which it holds deposits.
	Trading securities are carried at fair value, with changes in unrealized holding gains and losses included in income and classified within interest and other income, net, in the accompanying consolidated statements of operations.	Restricted Cash
	Available for sale securities are carried at fair value, with changes in unrealized gains or losses are recognized as an element of comprehensive income based on changes in the fair value of the security. Once liquidated, realized gains or losses on the sale of marketable securities available for sale are reflected in the net income (loss) for the period in which the security was liquidated.	Restricted cash consists of cash and investments which are held as collateral under a surface management surety bond issued on the Company’s behalf.
	Fair value of financial instruments	Marketable Securities
	The Company adopted ASC 820, “Fair Value Measurements and Disclosures” (“ASC 820”), for assets and liabilities measured at fair value on a recurring basis. ASC 820 establishes a common definition for fair value to be applied to existing generally accepted accounting principles that require the use of fair value measurements, establishes a framework for measuring fair value and expands disclosure about such fair value measurements. The adoption of ASC 820 did not have an impact on the Company’s financial position or operating results, but did expand certain disclosures.	Marketable securities consist of the Company’s investment in publicly traded equity securities and are generally restricted for sale under Federal securities laws. The Company’s policy is to liquidate securities received when market conditions are favorable for sale. Since these securities are often restricted, the Company is unable to liquidate them until the restriction is removed. Marketable securities that are bought and held principally for the purpose of selling them in the near term are to be classified as trading securities and reported at fair value, with unrealized gains and losses included in earnings. Pursuant to ASC Topic 320, “Investments — Debt and Equity Securities,” the Company’s marketable securities have a readily determinable and active quoted price, such as from NASDAQ, NYSE Euronext, the Over the Counter Bulletin Board, and the OTC Markets Group.
	ASC 820 defines fair value 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. Additionally, ASC 820 requires the use of valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs.	Trading securities are carried at fair value, with changes in unrealized holding gains and losses included in income and classified within interest and other income, net, in the accompanying consolidated statements of operations.
	These inputs are prioritized below:	Available for sale securities are carried at fair value, with changes in unrealized gains or losses are recognized as an element of comprehensive income based on changes in the fair value of the security. Once liquidated, realized gains or losses on the sale of marketable securities available for sale are reflected in the net income (loss) for the period in which the security was liquidated.
	Level 1:                 Observable inputs such as quoted market prices in active markets for identical assets or liabilities	Fair Value of Financial Instruments
	Level 2:                 Observable market-based inputs or unobservable inputs that are corroborated by market data
	Level 3:                 Unobservable inputs for which there is little or no market data, which require the use of the reporting entity’s own assumptions.	The Company adopted ASC 820, “Fair Value Measurements and Disclosures” (“ASC 820”), for assets and liabilities measured at fair value on a recurring basis. ASC 820 establishes a common definition for fair value to be applied to existing generally accepted accounting principles that require the use of fair value measurements, establishes a framework for measuring fair value and expands disclosure about such fair value measurements. The adoption of ASC 820 did not have an impact on the Company’s financial position or operating results, but did expand certain disclosures.
	The Company analyzes all financial instruments with features of both liabilities and equity under the FASB’s accounting standard for such instruments. Under this standard, financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.	ASC 820 defines fair value 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. Additionally, ASC 820 requires the use of valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. These inputs are prioritized below:
	Depending on the product and the terms of the transaction, the fair value of notes payable and derivative liabilities were modeled using a series of techniques, including closed-form analytic formula, such as the Black-Scholes option-pricing model.	Level 1:                                 Observable inputs such as quoted market prices in active markets for identical assets or Liabilities
		Level 2:                                 Observable market-based inputs or unobservable inputs that are corroborated by market data
	The Company classified the investments in marketable securities available for sale as Level 3, adjusted for the effect of restriction. The securities were restricted and cannot be readily resold by the Company absent a registration of the sale of those securities under the Securities Act of 1933, as amended (the “Securities Act”) or the availability of an exemption from registration. Unrealized gains or losses on marketable securities available for sale were recognized as an element of comprehensive income based on changes in the fair value of the security. Once liquidated, realized gains or losses on the sale of marketable securities available for sale were reflected in net income for the period in which the security was liquidated. At the end of each period, the Company evaluated the carrying value of the marketable securities for a decrease in value. The Company evaluated the entity underlying these marketable securities to determine whether a decline in fair value below the amortized cost basis is other than temporary. If the decline in fair value is judged to be “other- than- temporary”, the cost basis of the individual security is written down to fair value as a new cost basis and the amount of the write-down is charged to earnings.	Level 3:                                 Unobservable inputs for which there is little or no market data, which require the use of the reporting entity’s own assumptions.
	The carrying amounts reported in the consolidated balance sheets for cash and cash equivalents, prepaid expenses, accounts payable and accrued expenses approximate their estimated fair market values based on the short-term maturity of these instruments. The carrying amount of the note payable at June 30, 2014 approximates its respective fair value based on the Company’s incremental borrowing rate.	The Company analyzes all financial instruments with features of both liabilities and equity under the FASB’s accounting standard for such instruments. Under this standard, financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.
	Prepaid expenses	Depending on the product and the terms of the transaction, the fair value of notes payable and derivative liabilities were modeled using a series of techniques, including a closed-form analytic formula, such as the Black-Scholes option-pricing model.
	Prepaid expenses of $399,032 and $582,278 at June 30, 2014 and December 31, 2013, respectively, consist primarily of costs paid for future services which will occur within a year. Prepaid expenses principally include prepayments for consulting and business advisory services, insurance premiums, drilling services, and mineral lease fees which are being amortized over the terms of their respective agreements.	The Company classified the investments in marketable securities available for sale as Level 3, adjusted for the effect of restriction. The securities were restricted and cannot be readily resold by the Company absent a registration of the sale of those securities under the Securities Act of 1933 as amended (the “Securities Act”) or the availability of an exemption from the registration. Unrealized gains or losses on marketable securities available for sale were recognized as an element of comprehensive income based on changes in the fair value of the security. Once liquidated, realized gains or losses on the sale of marketable securities available for sale were reflected in net income for the period in which the security was liquidated. At the end of each period, the Company evaluated the carrying value of the marketable securities for a decrease in value. The Company evaluated the entity underlying these marketable securities to determine whether a decline in fair value below the amortized cost basis is other than temporary. If the decline in fair value is judged to be “other- than- temporary”, the cost basis of the individual security is written down to fair value as a new cost basis and the amount of the write-down is charged to earnings.
	Mineral property acquisition and exploration costs	The carrying amounts reported in the consolidated balance sheets for cash and cash equivalents, prepaid expenses, accounts payable and accrued expenses approximate their estimated fair market value based on the short-term maturity of these instruments. The carrying amount of the notes payable at December 31, 2013 approximate their respective fair value based on the Company’s incremental borrowing rate.
	Costs of lease, exploration, carrying and retaining unproven mineral lease properties are expensed as incurred. The Company expenses all mineral exploration costs as incurred as it is still in the exploration stage. If the Company identifies proven and probable reserves in its investigation of its properties and upon development of a plan for operating a mine, it would enter the development stage and capitalize future costs until production is established. When a property reaches the production stage, the related capitalized costs are amortized using the units-of-production method over the estimated life of the proven and probable reserves. If in the future the Company has capitalized mineral properties, these properties will be periodically assessed for impairment. To date, the Company has not established the commercial feasibility of any exploration prospects; therefore, all exploration costs are being expensed. During the six months ended June 30, 2014 and 2013, the Company incurred exploration cost of $1,881,425 and $715,075, respectively.	Prepaid Expenses and Other Current Assets
	ASC 930-805, “Extractive Activities-Mining: Business Combinations” (“ASC 930-805”), states that mineral rights consist of the legal right to explore, extract, and retain at least a portion of the benefits from mineral deposits. Mining assets include mineral rights. Acquired mineral rights are considered tangible assets under ASC 930-805. ASC 930-805 requires that mineral rights be recognized at fair value as of the acquisition date. As a result, the direct costs to acquire mineral rights are initially capitalized as tangible assets. Mineral rights include costs associated with acquiring patented and unpatented mining claims.	Prepaid expenses of $582,278 and $502,837 at December 31, 2013 and 2012, respectively, consist primarily of costs paid for future services which will occur within a year. Prepaid expenses principally include prepayments for consulting and business advisory services, insurance premiums, surface management surety bond premium, and mineral lease fees which are being amortized over the terms of their respective agreements.
	ASC 930-805-30-1 and 30-2 provides that in fair valuing mineral assets, an acquirer should take into account both:	Mineral Property Acquisition and Exploration Costs
	·                                          The value beyond proven and probable reserves (“VBPP”) to the extent that a market participant would include VBPP in determining the fair value of the assets.	Costs of lease, exploration, carrying and retaining unproven mineral lease properties are expensed as incurred. The Company expenses all mineral exploration costs as incurred as it is still in the exploration stage. If the Company identifies proven and probable reserves in its investigation of its properties and upon development of a plan for operating a mine, it would enter the development stage and capitalize future costs until production is established. When a property reaches the production stage, the related capitalized costs are amortized using the units-of-production method over the estimated life of the proven and probable reserves. If in the future the Company has capitalized mineral properties, these properties will be periodically assessed for impairment. To date, the Company has not established the commercial feasibility of any exploration prospects; therefore, all costs are being expensed. During the years ended December 31, 2013 and 2012, the Company incurred exploration cost of $3,204,629 and $5,221,001, respectively.
	·                                          The effects of anticipated fluctuations in the future market price of minerals in a manner that is consistent with the expectations of market participants.	ASC 930-805, “Extractive Activities-Mining: Business Combinations” (“ASC 930-805”), states that mineral rights consist of the legal right to explore, extract, and retain at least a portion of the benefits from mineral deposits. Mining assets include mineral rights. Acquired mineral rights are considered tangible assets under ASC 930-805. ASC 930-805 requires that mineral rights be recognized at fair value as of the acquisition date. As a result, the direct costs to acquire mineral rights are initially capitalized as tangible assets. Mineral rights include costs associated with acquiring patented and unpatented mining claims.
	Property and equipment	ASC 930-805-30-1 and 30-2 provides that in fair valuing mineral assets, an acquirer should take into account both:
	Property and equipment are carried at cost. The cost of repairs and maintenance is expensed as incurred; major replacements and improvements are capitalized. When assets are retired or disposed of, the cost and accumulated depreciation are removed from the accounts, and any resulting gains or losses are included in income in the year of disposition. Depreciation is calculated on a straight-line basis over the estimated useful life of the assets, generally one to twenty five years.	·                                          The value beyond proven and probable reserves (“VBPP”) to the extent that a market participant would include VBPP in determining the fair value of the assets.
	Impairment of long-lived assets	·                                          The effects of anticipated fluctuations in the future market price of minerals in a manner that is consistent with the expectations of market participants.
	The Company accounts for the impairment or disposal of long-lived assets according to the ASC 360 “Property, Plant and Equipment”. The Company continually monitors events and changes in circumstances that could indicate that the carrying amounts of long-lived assets, including mineral rights, may not be recoverable. Long-lived assets in the exploration stage are monitored for impairment based on factors such as the Company’s continued right to explore the area, exploration reports, assays, technical reports, drill results and the Company’s continued plans to fund exploration programs on the property, and whether sufficient work has been performed to indicate that the carrying amount of the mineral property cost carried forward as an asset will not be fully recovered. The tests for long-lived assets in the exploration stage are monitored for impairment based on factors such as current market value of the long-lived assets and results of exploration, future asset utilization, business climate, mineral prices and future undiscounted cash flows expected to result from the use of the related assets.	Property and Equipment
	Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the estimated future net undiscounted cash flows expected to be generated by the asset. When necessary, impaired assets are written down to estimated fair value based on the best information available. Estimated fair value is generally based on either appraised value or measured by discounting estimated future cash flows. Considerable management judgment is necessary to estimate discounted future cash flows. Accordingly, actual results could vary significantly from such estimates. The Company recognizes an impairment loss when the sum of expected undiscounted future cash flows is less than the carrying amount of the asset. The Company did not record any impairment charges of its long-lived assets at June 30, 2014 and December 31, 2013, respectively.	Property and equipment are carried at cost. The cost of repairs and maintenance is expensed as incurred; major replacements and improvements are capitalized. When assets are retired or disposed of, the cost and accumulated depreciation are removed from the accounts, and any resulting gains or losses are included in income in the year of disposition. Depreciation is calculated on a straight-line basis over the estimated useful life of the assets, generally one to twenty five years.
	Income taxes	Impairment of Long-lived Assets
	The Company accounts for income taxes pursuant to the provision of ASC 740-10, “Accounting for Income Taxes” (“ASC 740-10”) which requires, among other things, an asset and liability approach to calculating deferred income taxes. The asset and liability approach requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax bases of assets and liabilities. A valuation allowance is provided to offset any net deferred tax assets for which management believes it is more likely than not that the net deferred asset will not be realized.	The Company accounts for the impairment or disposal of long-lived assets according to the ASC 360 “Property, Plant and Equipment”. The Company continually monitors events and changes in circumstances that could indicate that the carrying amounts of long-lived assets, including mineral rights, may not be recoverable. Long-lived assets in the exploration stage are monitored for impairment based on factors such as the Company’s continued right to explore the area, exploration reports, assays, technical reports, drill results and the Company’s continued plans to fund exploration programs on the property, and whether sufficient work has been performed to indicate that the carrying amount of the mineral property cost carried forward as an asset will not be fully recovered. The tests for long-lived assets in the exploration stage would be monitored for impairment based on factors such as current market value of the long-lived assets and results of exploration, future asset utilization, business climate, mineral prices and future undiscounted cash flows expected to result from the use of the related assets.
	The Company follows the provision of ASC 740-10 related to Accounting for Uncertain Income Tax Position. When tax returns are filed, there may be uncertainty about the merits of positions taken or the amount of the position that would be ultimately sustained. In accordance with the guidance of ASC 740-10, the benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions.	Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the estimated future net undiscounted cash flows expected to be generated by the asset. When necessary, impaired assets are written down to estimated fair value based on the best information available. Estimated fair value is generally based on either appraised value or measured by discounting estimated future cash flows. Considerable management judgment is necessary to estimate discounted future cash flows. Accordingly, actual results could vary significantly from such estimates. The Company recognizes an impairment loss when the sum of expected undiscounted future cash flows is less than the carrying amount of the asset. The Company did not consider it necessary to record any impairment charges of its long-lived assets at December 31, 2013 and 2012, respectively.
	Tax positions that meet the more likely than not recognition threshold are measured at the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefit associated with tax positions taken that exceed the amount measured as described above should be reflected as a liability for uncertain tax benefits in the accompanying balance sheet along with any associated interest and penalties that would be payable to the taxing authorities upon examination. The Company believes its tax positions are all highly certain of being upheld upon examination. As such, the Company has not recorded a liability for uncertain tax benefits.	Income Taxes
	The Company has adopted ASC 740-10-25, “Definition of Settlement”, which provides guidance on how an entity should determine whether a tax position is effectively settled for the purpose of recognizing previously unrecognized tax benefits and provides that a tax position can be effectively settled upon the completion and examination by a taxing authority without being legally extinguished. For tax positions considered effectively settled, an entity would recognize the full amount of tax benefit, even if the tax position is not considered more likely than not to be sustained based solely on the basis of its technical merits and the statute of limitations remains open.  The federal and state income tax returns of the Company are subject to examination by the IRS and state taxing authorities, generally for three years after they were filed.	The Company accounts for income taxes pursuant to the provision of ASC 740-10, “Accounting for Income Taxes” (“ASC 740-10”) which requires, among other things, an asset and liability approach to calculating deferred income taxes. The asset and liability approach requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax bases of assets and liabilities. A valuation allowance is provided to offset any net deferred tax assets for which management believes it is more likely than not that the net deferred asset will not be realized.
	Stock-based compensation	The Company follows the provision of ASC 740-10 related to Accounting for Uncertain Income Tax Position. When tax returns are filed, there may be uncertainty about the merits of positions taken or the amount of the position that would be ultimately sustained. In accordance with the guidance of ASC 740-10, the benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions.
	Stock-based compensation is accounted for based on the requirements of the Share-Based Payment Topic of ASC 718, “Compensation — Stock Compensation”, which requires recognition in the consolidated financial statements of the cost of employee and director services received in exchange for an award of equity instruments over the period the employee or director is required to perform the services in exchange for the award (presumptively, the vesting period). The ASC also requires measurement of the cost of employee and director services received in exchange for an award based on the grant-date fair value of the award.	Tax positions that meet the more likely than not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above should be reflected as a liability for uncertain tax benefits in the accompanying balance sheet along with any associated interest and penalties that would be payable to the taxing authorities upon examination. The Company believes its tax positions are all highly certain of being upheld upon examination. As such, the Company has not recorded a liability for uncertain tax benefits.
	Pursuant to ASC Topic 505-50, “Equity Based Payments to Non-employees”, for share-based payments to consultants and other third-parties, compensation expense is determined at the “measurement date.” The expense is recognized over the vesting period of the award. Until the measurement date is reached, the total amount of compensation expense remains uncertain. The Company initially records compensation expense based on the fair value of the award at the reporting date.	The Company has adopted ASC 740-10-25, “Definition of Settlement”, which provides guidance on how an entity should determine whether a tax position is effectively settled for the purpose of recognizing previously unrecognized tax benefits and provides that a tax position can be effectively settled upon the completion and examination by a taxing authority without being legally extinguished. For tax positions considered effectively settled, an entity would recognize the full amount of tax benefit, even if the tax position is not considered more likely than not to be sustained based solely on the basis of its technical merits and the statute of limitations remains open.  The federal and state income tax returns of the Company are subject to examination by the IRS and state taxing authorities, generally for three years after they were filed.
	Treasury stock	Stock-based Compensation
	Treasury stock is accounted for using the cost method, with the purchase price of the common stock recorded separately as a deduction from stockholders’ equity.	Stock-based compensation is accounted for based on the requirements of the Share-Based Payment Topic of ASC 718, “Compensation — Stock Compensation”, (“ASC 718”) which requires recognition in the consolidated financial statements of the cost of employee and director services received in exchange for an award of equity instruments over the period the employee or director is required to perform the services in exchange for the award (presumptively, the vesting period). ASC 718 also requires measurement of the cost of employee and director services received in exchange for an award based on the grant-date fair value of the award.
	Related party transaction	Pursuant to ASC Topic 505-50, “Equity Based Payments to Non-employees”, for share-based payments to consultants and other third-parties, compensation expense is determined at the “measurement date.” The expense is recognized over the vesting period of the award. Until the measurement date is reached, the total amount of compensation expense remains uncertain. The Company initially records compensation expense based on the fair value of the award at the reporting date.
	Parties are considered to be related to the Company if the parties, directly or indirectly, through one or more intermediaries, control, are controlled by, or are under common control with the Company. Related parties also include principal owners of the Company, its management, members of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. The Company discloses all related party transactions.	Treasury Stock
	Recent accounting pronouncements	Treasury stock is accounted for using the cost method, with the purchase price of the common stock recorded separately as a deduction from stockholders’ equity.
	In July 2013, the FASB issued ASU 2013-11, “Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists” (“ASU 2013-11”). ASU 2013-11 provides guidance on the presentation of unrecognized tax benefits related to any disallowed portion of net operating loss carryforwards, similar tax losses, or tax credit carryforwards, if they exist.  ASU 2013-11 is effective for fiscal years beginning after December 15, 2013. The adoption of ASU 2013-11 is not expected to have a material impact on the Company’s consolidated financial statements.	Recent Accounting Pronouncements
	In June 2014, the FASB issued ASU 2014-10, “Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements”. ASU 2014-10 eliminates the distinction of a development stage entity and certain related disclosure requirements, including the elimination of inception-to-date information on the statements of operations, cash flows and stockholders’ equity. The amendments in ASU 2014-10 will be effective prospectively for annual reporting periods beginning after December 15, 2014, and interim periods within those annual periods; however early adoption is permitted. The Company evaluated and adopted ASU 2014-10 for the interim reporting period ended June 30, 2014.	In January 2014, the FASB issued ASU No. 2014-04, “Receivables-Troubled Debt Restructurings by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure (a consensus of the FASB Emerging Issues Task Force)”, which clarifies that an in substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. The amendments in this Update are effective for public business entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. Early adoption is permitted. The adoption of this amendment is not expected to have a significant impact on the Company’s consolidated financial statements.
	Other accounting standards that have been issued or proposed by FASB that do not require adoption until a future date are not expected to have a material impact on the consolidated financial statements upon adoption. The Company does not discuss recent pronouncements that are not anticipated to have an impact on or are unrelated to its financial condition, results of operations, cash flows or disclosures.	In July 2013, the FASB issued ASU 2013-11, “Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists” (“ASU 2013-11”). ASU 2013-11 provides guidance on the presentation of unrecognized tax benefits related to any disallowed portion of net operating loss carryforwards, similar tax losses, or tax credit carryforwards, if they exist. ASU 2013-11 is effective for fiscal years beginning after December 15, 2013. The adoption of ASU 2013-11 is not expected to have a material impact on the Company’s consolidated financial statements.
		Other accounting standards that have been issued or proposed by FASB that do not require adoption until a future date are not expected to have a material impact on the consolidated financial statements upon adoption. The Company does not discuss recent pronouncements that are not anticipated to have an impact on or are unrelated to its financial condition, results of operations, cash flows or disclosures.

ACQUISITION_DISPOSITION_AND_DE

ACQUISITION, DISPOSITION AND DECONSOLIDATION	12 Months Ended
	Dec. 31, 2013
ACQUISITION, DISPOSITION AND DECONSOLIDATION.	'
ACQUISITION, DISPOSITION AND DECONSOLIDATION	'
	NOTE 3 — ACQUISITION, DISPOSITION AND DECONSOLIDATION
	Continental Resources Group, Inc.
	On July 22, 2011, the Company, Continental Resources Acquisition Sub Inc. (“Acquisition Sub”) and Continental Resources Group Inc. (“Continental”) entered into a Purchase Agreement and, through Acquisition Sub, completed the purchase of substantially all of the assets of Continental.
	On February 12, 2013 the Securities and Exchange Commission (“SEC”) declared the Company’s registration statement on Form S-1 effective. The registration statement satisfied a condition of the liquidation of Continental. As a result of the effectiveness of the Form S-1 registration statement, Continental completed its plan of liquidation, including the distribution of 76,095,215 of the Company’s shares on a pro rata basis to Continental shareholders of record as of March 1, 2013.
	Sale of Uranium Exploration Properties
	On January 26, 2012, the Company and American Strategic Minerals Corp. (“Amicor”) entered into an Option Agreement whereby Amicor acquired the option to purchase all uranium properties and claims (the “Option”) from the Company for a purchase price of $10.00 in consideration for the issuance of (i) 10,000,000 shares of Amicor’s common stock and (ii) a six month promissory note in the principal amount of $1,000,000. Pursuant to the Option, the consideration received by the Company for the option was non-refundable.
	In 2012, $930,000 of the principal amount of note was paid. Under the terms of the note, Amicor was required to pay the balance of the note upon completion of a private placement totaling $1,000,000 or more on or before July 26, 2012. The $1,000,000 private placement was not completed by that date and thus Amicor was not required to pay the final $70,000 due under the note. Accordingly, no amounts under the note receivable from Amicor are currently outstanding.
	The Company accounted for such transaction pursuant to ASC 845-10, “Nonmonetary Transactions” and related subtopics for an exchange of a nonmonetary asset for a non-controlling ownership interest in a second entity. Since the Company received cash in the exchange of its nonmonetary assets and the cash received was greater than 25% of the fair value of the assets exchanged, the transaction was considered a monetary exchange and full or partial gain recognition is required. The fair value of the uranium mining claims exchanged approximates the Company’s carrying value which amounted to $0. In accordance with ASC 845-10, the Company recognized a gain from the sale of uranium assets of $930,000 which represents the cash collected on the note as of December 31, 2012. The Company has no actual or implied commitment, financial or otherwise, to support the operations of the new entity in any manner and the Company planned to liquidate its investment in Amicor. Consequently, the Company treated its investment in Amicor as marketable securities - available for sale with an initial basis of $0. Between February 2012 and January 2013, the Company sold all 10,000,000 shares of Amicor common stock it owned in private transactions and generated net proceeds of $1,641,933. In October 2012, Amicor changed its name to Marathon Patent Group, Inc.
	Sale of Gold Exploration Properties
	A wholly-owned subsidiary of the Company, Red Battle Corp. (“Red Battle”), a Delaware corporation, was formed on April 30, 2012 to hold all of the outstanding membership interests of Arttor Gold and Noble Effort, then subsidiaries of the Company which owned the Red Battle and North Battle Mountain gold exploration properties. The Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) on May 24, 2012 with Valor Gold Corp. and Valor Gold Acquisition Corp., a wholly-owned subsidiary of Valor Gold Corp., for the purpose of divesting its Red Rocks and North Battle Mountain gold properties. As a result of this transaction, Red Battle, together with Arttor Gold and Noble Effort were sold to Valor Gold.
	The Merger effectively resulted in the sale of the Company’s two Lander County, Nevada exploration properties, Red Rock Mineral Prospect (including the Centerra Prospect), and North Battle Mountain Mineral Prospect, to Valor Gold for (i) $2,000,000 in cash (the “Cash Consideration”), (ii) a 5% promissory note in the principal amount of $500,000 due 18 months following the issuance date and (iii) 25,000,000 shares of Valor Gold’s common stock.
	In November 2012, the Company collected the full balance of the note receivable $500,000 plus accrued interest from Valor Gold.
	The Company accounted for the 25,000,000 shares of Valor Gold’s common stock under ASC 845-10-S99, “Transfer of Nonmonetary Assets by Promoters or Shareholders” whereby the transfer of nonmonetary assets to a company by its promoters or shareholders in exchange for stock prior to or at the time of the company’s initial public offering normally should be recorded at the transferors’ historical cost basis determined under US GAAP. The Company recorded the 25,000,000 shares of Valor Gold at the historical cost basis of the nonmonetary assets transferred which amounted to $83,333. As a result of this transaction, during the year ended December 31, 2012, the Company recognized a gain from the sale of its subsidiaries of $2,500,000 as described above which represents the cash and note consideration to the Company pursuant to the Merger Agreement.
	The issuance of 25,000,000 shares of Valor Gold’s common stock to the Company accounted for approximately 38.6% of the total issued and outstanding common stock of Valor Gold as of May 24, 2012. Between February 2013 and May 2013, the Company sold all 25,000,000 shares it owned of Valor Gold common stock in private transactions which generated net proceeds of $1,505,000. As of December 31, 2013, the Company no longer owns any shares in Valor Gold.

MARKETABLE_SECURITIES1

MARKETABLE SECURITIES	6 Months Ended	12 Months Ended
	Jun. 30, 2014	Dec. 31, 2013
MARKETABLE SECURITIES	'	'
MARKETABLE SECURITIES	'	'
	NOTE 3 — MARKETABLE SECURITIES	NOTE 4 — MARKETABLE SECURITIES
	In January 2013, the Company sold the remaining 1,513,333 shares of American Strategic Minerals Corp. common stock it owned in a private transaction and generated net proceeds of $151,333. Between February 2013 and May 2013, the Company sold the 25,000,000 shares of Valor Gold Corp. common stock in private transactions and generated net proceeds of $1,505,000.  The Company recorded a realized gain — available for sale securities of $0 and $1,656,333 during the six months ended June 30, 2014 and 2013, respectively.	Marketable securities at December 31, 2013 and 2012 consisted of the following:
			Cost		Gross		Gross		Realized Gain from		Fair Value
					Unrealized		Unrealized		Sale of Securities
					Gains		Losses
		Marketable securities — available for sale	—		—		—		1,656,333		—
		For the year ended December 31, 2013	$	—	$	—	$	—	$	1,656,333	$	—
			Cost		Gross		Gross		Realized Gain from		Fair Value
					Unrealized		Unrealized		Sale of Securities
					Gains		Losses
		Marketable securities — available for sale	—		—		—		1,490,600		—
		For the year ended December 31, 2012	$	—	$	—	$	—	$	1,490,600	$	—
		Marketable securities - trading are carried at fair value, with changes in unrealized holding gains and losses included in income and classified within interest and other income, net, in the accompanying consolidated statements of operations. Unrealized gains or losses on marketable securities - available for sale are recognized on a periodic basis as an element of comprehensive income based on changes in the fair value of the security. Realized gains or losses on the sale of marketable securities - available for sale will be reflected in the Company’s net loss for the period in which the securities are liquidated.
		In April 2012, the Company sold its marketable securities — trading with a cost basis of $100,000 and generated proceeds of $119,702. The increase in fair value of $19,702 was recorded as realized gain in the statement of operations for the year ended December 31, 2012.
		In January 2012, the Company received 10,000,000 restricted shares of Amicor’s common stock pursuant to the Option with Amicor (see Note 3). At the time of issuance, the Company recorded the cost of investment in accordance with ASC 845-10 and was valued at $0. Between February 2012 and December 2012, the Company sold 8,486,667 shares of Amicor’s common stock under a private transaction and generated net proceeds of $1,490,600 and has recorded a realized gain — available for sale securities of $1,490,600 during the year ended December 31, 2012.
		In January 2013, the Company sold the remaining 1,513,333 shares of Amicor common stock it owned in a private transaction and generated net proceeds of $151,333. Between February 2013 and May 2013, the Company sold all 25,000,000 shares of Valor Gold common stock it owned in private transactions and generated net proceeds of $1,505,000. Consequently, the Company recorded a realized gain — available for sale securities of $1,656,333 during the year ended December 31, 2013.

MINERAL_PROPERTIES1

MINERAL PROPERTIES (Mineral properties)	6 Months Ended					12 Months Ended
	Jun. 30, 2014					Dec. 31, 2013
Mineral properties	'					'
Mineral properties	'					'
MINERAL PROPERTIES	'					'
	NOTE 4 — MINERAL PROPERTIES					NOTE 5 — MINERAL PROPERTIES
	Relief Canyon Properties					Relief Canyon Properties
	The Relief Canyon properties are located in Pershing County about 100 miles northeast of Reno, Nevada and at the southern end of the Humboldt Range. The Relief Canyon properties do not currently have any mineral reserves and all activities undertaken and currently proposed are exploratory in nature.					The Relief Canyon properties are located in Pershing County about 100 miles northeast of Reno, Nevada and at the southern end of the Humboldt Range. The Relief Canyon properties do not currently have any mineral reserves and all activities undertaken and currently proposed are exploratory in nature.
	Relief Canyon Mine					Relief Canyon Mine
	Through the Company’s wholly-owned subsidiary, Gold Acquisition, the Company owns 164 unpatented lode mining claims and 120 unpatented millsites at the Relief Canyon Mine property. The property includes the Relief Canyon Mine and gold processing facilities, currently in a care and maintenance status. The Relief Canyon Mine includes three open pit mines, heap leach pads comprised of six cells, two solution ponds and a cement block constructed adsorption desorption-recovery (ADR) solution processing circuit. The ADR type process plant consists of four carbon columns, acid wash system, stripping vessel, and electrolytic cells. The process facility was completed in 2008 by Firstgold Corp and produced gold until 2009 and is currently in care and maintenance status. The facilities are generally in good condition. Most of the Relief Canyon Mine property is burdened by a production royalty equal to 2% of net smelter returns payable to Battle Mountain Gold Exploration LLC (now owned by Royal Gold).					Through the Company’s wholly-owned subsidiary, Gold Acquisition, the Company owns 164 unpatented lode mining claims and 120 unpatented millsites at the Relief Canyon Mine property. The property includes the Relief Canyon Mine and gold processing facilities, currently in a care and maintenance status. The Relief Canyon Mine includes three open pit mines, heap leach pads comprised of six cells, two solution ponds and a cement block constructed adsorption desorption-recovery (ADR) solution processing circuit. The ADR type process plant consists of four carbon columns, acid wash system, stripping vessel, and electrolytic cells. The process facility was completed in 2008 by Firstgold Corp and produced gold until 2009 and is currently in care and maintenance status. The facilities are generally in good condition. Most of the Relief Canyon Mine property is burdened by a production royalty equal to 2% of net smelter returns payable to Battle Mountain Gold Exploration LLC (now owned by Royal Gold).
	Pershing Pass Property					Pershing Pass Property
	The Pershing Pass property consists of over 700 unpatented mining claims covering approximately 12,000 acres and a mining lease covering approximately 600 acres.  The Pershing Pass property also includes approximately 490 unpatented lode mining claims covering approximately 9,700 acres that the Company acquired from Silver Scott Mines in March 2012 and approximately 283 unpatented lode mining claims covering about 5,660 acres owned directly by a Victoria Gold Corp. subsidiary prior to our purchase. Victoria Gold has reserved a 2% net smelter return production royalty on the 221 claims that are located outside the area of interest related to the Newmont Leased property, discussed below.  The Pershing Pass property also includes 17 unpatented mining claims acquired from a third party in April 2012 subject to a 2% net smelter return royalty, 17 unpatented mining claims that the Company located in mid-2012, and approximately 635 acres of private lands that the Company leased in January 2013.  The primary term of the lease is ten years, which may be extended as long as mineral development work continues on the property. Production from the lease is subject to a 2% net smelter return royalty on all metals produced other than gold, and to a royalty on gold indexed to the gold price, ranging from 2% at gold prices of less than $500 per ounce to 3.5% at gold prices over $1,500 per ounce. Prior to one year after commercial production, the Company can repurchase up to 3% of the royalty on gold production at the rate of $600,000 for each 1%.					The Pershing Pass property consists of over 700 unpatented mining claims covering approximately 12,000 acres and a mining lease covering approximately 600 acres.  The Pershing Pass property also includes approximately 490 unpatented lode mining claims covering approximately 9,700 acres that the Company acquired from Silver Scott Mines in March 2012 and approximately 283 unpatented lode mining claims covering about 5,660 acres owned directly by a Victoria Gold Corp. subsidiary prior to our purchase. Victoria Gold has reserved a 2% net smelter return production royalty on the 221 claims that are located outside the area of interest related to the Newmont Leased property, discussed above.  The Pershing Pass property also includes 17 unpatented mining claims acquired from a third party in April 2012 subject to a 2% net smelter return royalty, 17 unpatented mining claims that the Company located in mid-2012, and approximately 635 acres of private lands that the Company leased in January 2013.  The primary term of the lease is ten years, which may be extended as long as mineral development work continues on the property. Production from the lease is subject to a 2% net smelter return royalty on all metals produced other than gold, and to a royalty on gold indexed to the gold price, ranging from 2% at gold prices of less than $500 per ounce to 3.5% at gold prices over $1,500 per ounce. Prior to one year after commercial production, the Company can repurchase up to 3% of the royalty on gold production at the rate of $600,000 for each 1%.
	In September 2013, the Company entered into a lease agreement and purchase option with Wolf Pack Gold (Nevada) Corp for 19 unpatented mining claims (approximately 400 acres) in the Pershing Pass Property.  The lease grants the Company exclusive rights to conduct mineral exploration, development and mining and an exclusive option to purchase the claims. The primary term of the lease is ten years, which may be extended as long as mineral exportation, development, or mining work continues on the property. Production from the lease is subject to a 1% net smelter return royalty on precious metals and a one-half percent net smelter royalty on all other metals produced from the lease. Prior to production, and starting in September 2016, the Company is required to pay a $10,000 per year advance minimum royalty payment to Wolf Pack Gold. The advance minimum royalty remains at $10,000 per year until September 2023 then the advance royalty payment increases to $12,500 per year.  The advance royalty payment increases to $15,000 per year in September 2028 and then $20,000 per year in September 2033.  The advance minimum royalty payments are due on or before the anniversary dates of the lease agreement. If the Company decides to exercise the purchase option, which is exercisable at any time, it can acquire the 19 unpatented mining claims from Wolf Pack Gold for $250,000.					In September 2013, the Company entered into a lease agreement and purchase option with Wolf Pack Gold (Nevada) Corp for 19 unpatented mining claims (approximately 400 acres) in the Pershing Pass Property.  The lease grants the Company exclusive rights to conduct mineral exploration, development and mining and an exclusive option to purchase the claims. The primary term of the lease is ten years, which may be extended as long as mineral exportation, development, or mining work continues on the property. Production from the lease is subject to a 1% net smelter return royalty on precious metals and a one-half percent net smelter royalty on all other metals produced from the lease. Prior to production, and starting in September 2016, the Company is required to pay a $10,000 per year advance minimum royalty payment to Wolf Pack Gold. The advance minimum royalty remains at $10,000 per year until September 2023 then the advance royalty payment increases to $12,500 per year.  The advance royalty payment increases to $15,000 per year in September 2028 and then $20,000 per year in September 2033.  The advance minimum royalty payments are due on or before the anniversary dates of the lease agreement. If the Company decides to exercise the purchase option, which is exercisable at any time, it can acquire the 19 unpatented mining claims from Wolf Pack Gold for $250,000.
	Newmont Leased Properties					Newmont Leased Properties
	On April 5, 2012, the Company purchased from Victoria Gold Corp. and Victoria Resources (US) Inc. their interest in approximately 13,300 acres of mining claims and private lands adjacent to the Company’s landholdings at the Relief Canyon Mine in Pershing County, Nevada. Approximately 8,900 acres of these properties are held under leases and subleases with Newmont USA Ltd., which the Company refers to as the Newmont Leased properties. Victoria Gold has reserved a 2% net smelter return royalty from the production on 221 of the 283 unpatented mining claims that it owned directly.					On April 5, 2012, the Company purchased from Victoria Gold Corp. and Victoria Resources (US) Inc. (“VRI”) their interest in approximately 13,300 acres of mining claims and private lands adjacent to the Company’s landholdings at the Relief Canyon Mine in Pershing County, Nevada. Approximately 8,900 acres of these properties are held under leases and subleases with Newmont USA Ltd., which the Company refers to as the Newmont Leased properties. Victoria Gold has reserved a 2% net smelter return royalty from the production on 221 of the 283 unpatented mining claims that it owned directly.
	Approximately 8,900 acres of the lands that the Company acquired from Victoria Gold Corporation are a leasehold interest comprised of unpatented mining claims and private lands subject to a 2006 Mineral Lease and Sublease with Newmont USA Ltd., which the Company refers to as the Newmont Leased property. The Newmont Leased property consists of 155 unpatented lode mining claims owned by Newmont comprising approximately 2,800 acres, approximately 4,900 acres of privately-owned fee minerals leased by Newmont from the owners, and 62 unpatented mining claims that were owned by Victoria within the Newmont Leased property and area of interest.					Approximately 8,900 acres of the lands that the Company acquired from Victoria Gold Corporation are a leasehold interest comprised of unpatented mining claims and private lands subject to a 2006 Mineral Lease and Sublease with Newmont USA Ltd., which the Company refers to as the Newmont Leased property. The Newmont Leased property consists of 155 unpatented lode mining claims owned by Newmont comprising approximately 2,800 acres, approximately 4,900 acres of privately-owned fee minerals leased by Newmont from the owners, and 62 unpatented mining claims that were owned by Victoria within the Newmont Leased property and area of interest.
	In order to maintain the 2006 Minerals Lease and Sublease with Newmont, the Company was required to spend approximately $1.0 million in exploration expenses in 2013. The Company has satisfied this 2013 direct drilling work commitment. Starting in 2014, the Company is required to spend $0.5 million per year on exploration expenditures or pay Newmont rental payments of $10 per acre per year. The rental payments will escalate by 5% per year. The Company has also satisfied the 2014, 2015 and 2016 direct drilling work commitments. Under the current terms of the 2006 Minerals Lease and Sublease and commencing in 2014, the annual rent, if the Company elects not to or fails to incur at least $0.5 million in exploration expenditures, would be approximately $0.1 million. Because the Company has satisfied the direct drilling work commitment for 2014, 2015 and 2016, it will not incur annual rental payments in 2014, 2015 or 2016. The Company will be required to expend $0.5 million in additional direct drilling expenditures in 2017 in order to avoid the annual rental payment requirement.					In order to maintain the 2006 Minerals Lease and Sublease with Newmont, the Company was required to spend approximately $1.0 million in exploration expenses in 2013. The Company has satisfied this 2013 direct drilling work commitment. Starting in 2014, the Company is required to spend $0.5 million per year on exploration expenditures or pay Newmont rental payments of $10 per acre per year. The rental payments will escalate by 5% per year. The Company has also satisfied the 2014, 2015 and 2016 direct drilling work commitments. Under the current terms of the 2006 Minerals Lease and Sublease and commencing in 2014, the annual rent, if the Company elects not to or fails to incur at least $0.5 million in exploration expenditures, would be approximately $0.1 million. Because the Company has satisfied the direct drilling work commitment for 2014, 2015 and 2016, it will not incur annual rental payments in 2014, 2015 or 2016. The Company will be required to expend $0.5 million in additional direct drilling expenditures in 2017 in order to avoid the annual rental payment requirement.
	Pursuant to the 2006 Minerals Lease and Sublease, the Company is subject to a 3% to 5% net smelter royalty tied to the gold price in the event Newmont elects not to pursue the Venture Option and quitclaims the claims and leased lands to the Company. The 5% net smelter royalty would apply if the monthly average gold price is equal to or greater than $400 per ounce. In addition, the Company is subject to a 2.5% net smelter returns royalty payable to the lessor on approximately 800 acres of the Newmont Leased properties under the 1994 Mining Lease and a 3.5% net smelter returns royalty payable to the lessor on approximately 495 acres of the Newmont Leased properties under the 1999 Mining Lease; these royalties would offset the Newmont royalty down to 2%.					Pursuant to the 2006 Minerals Lease and Sublease, the Company is subject to a 3% to 5% net smelter royalty tied to the gold price in the event Newmont elects not to pursue the Venture Option and quitclaims the claims and leased lands to the Company. The 5% net smelter royalty would apply if the monthly average gold price is equal to or greater than $400 per ounce. In addition, the Company is subject to a 2.5% net smelter returns royalty payable to the lessor on approximately 800 acres of the Newmont Leased properties under the 1994 Mining Lease and a 3.5% net smelter returns royalty payable to the lessor on approximately 495 acres of the Newmont Leased properties under the 1999 Mining Lease; these royalties would offset the Newmont royalty down to 2%.
	General					General
	The Company has posted a statewide bond with the United States Department of the Interior Bureau of Land Management (“BLM”) as required by the State of Nevada in an amount of approximately $5.0 million, which is currently approximately $300,000 in excess of the current coverage requirement, to reclaim land disturbed in its exploration and mining operations. Previously the Company posted a reclamation bond deposit in the amount equal to the bond requirement with the BLM. In November 2013 the Company replaced the bond deposit by issuing a surface management surety bond in the amount of approximately $5.0 million through a third-party insurance underwriter. In order to issue the surface management surety bond the Company was required to place 45% of the $5.0 million bond ($2,250,000) in a collateral account. The funds deposited in the collateral account have been classified as restricted cash on the Company’s balance sheet as of June 30, 2014.					The Company has posted a statewide bond with the United States Department of the Interior Bureau of Land Management (“BLM”) as required by the State of Nevada in an amount of approximately $5.0 million, which is currently approximately $300,000 in excess of the current coverage requirement to reclaim land disturbed in its exploration and mining operations. Previously the Company posted a reclamation bond deposit in the amount equal to the bond requirement with the BLM. In November 2013 the Company replaced the bond deposit by issuing a surface management surety bond in the amount of approximately $5.0 million through a third-party insurance underwriter. In order to issue the surface management surety bond the Company was required to place 45% of the $5.0 million bond ($2,250,000) in a collateral account. The funds deposited in the collateral account have been classified as restricted cash on the Company’s balance sheet as of December 31, 2013.
	As of June 30, 2014, based on management’s review of the carrying value of mineral rights, management determined that there is no evidence that the cost of these acquired mineral rights will not be fully recovered and accordingly, the Company has determined that no adjustment to the carrying value of mineral rights was required.					As of December 31, 2013, based on management’s review of the carrying value of mineral rights, management determined that there is no evidence that the cost of these acquired mineral rights will not be fully recovered and accordingly, the Company has determined that no adjustment to the carrying value of mineral rights was required.
	As of the date of these consolidated financial statements, the Company has not established any proven or probable reserves on its mineral properties and has incurred only acquisition and exploration costs.					As of the date of these consolidated financial statements, the Company has not established any proven or probable reserves on its mineral properties and has incurred only acquisition and exploration costs.
	Mineral properties consisted of the following:					Mineral properties consisted of the following:
		June 30,		December 31,			December 31, 2013		December 31, 2012
		2014		2013		Relief Canyon Mine — Gold Acquisition	$	8,501,071	$	8,501,071
	Relief Canyon Mine — Gold Acquisition	$	8,501,071	$	8,501,071	Relief Canyon Mine — Newmont Leased Properties	7,709,441		7,709,441
	Relief Canyon Mine — Newmont Leased Properties	7,709,441		7,709,441		Pershing Pass Property	576,400		576,400
	Pershing Pass Property	576,400		576,400
							$	16,786,912	$	16,786,912
		$	16,786,912	$	16,786,912

PROPERTY_AND_EQUIPMENT1

PROPERTY AND EQUIPMENT (Property, Plant and Equipment other than mining properties and mineral rights)	6 Months Ended								12 Months Ended
	Jun. 30, 2014								Dec. 31, 2013
Property, Plant and Equipment other than mining properties and mineral rights	'								'
Property and equipment	'								'
PROPERTY AND EQUIPMENT	'								'
	NOTE 5 — PROPERTY AND EQUIPMENT								NOTE 6 — PROPERTY AND EQUIPMENT
	Property and equipment consisted of the following:								Property and equipment consisted of the following:
		Estimated Life	June 30,			December 31,				Estimated Life	December 31, 2013			December 31, 2012
			2014			2013			Furniture and fixtures	5 years	$	56,995		$	56,995
	Furniture and fixtures	5 years	$	56,995		$	56,995		Office and computer equipment	1 - 5 years	234,518			220,060
	Office and computer equipment	1 - 5 years	313,657			234,518			Land	—	266,977			266,977
	Land	—	266,977			266,977			Building and improvements	5 - 25 years	730,068			727,965
	Building and improvements	5 - 25 years	738,959			730,068			Site costs	10 years	1,272,732			1,272,732
	Site costs	10 years	1,272,732			1,272,732			Crushing system	20 years	2,256,943			2,256,943
	Crushing system	20 years	2,256,943			2,256,943			Process plant and equipment	10 years	3,169,442			3,166,280
	Process plant and equipment	10 years	3,169,442			3,169,442			Vehicles and mining equipment	5 - 10 years	695,825			682,373
	Vehicles and mining equipment	5 - 10 years	695,825			695,825					8,683,500			8,650,325
			8,771,530			8,683,500			Less: accumulated depreciation		(2,232,860		)	(1,263,549		)
	Less: accumulated depreciation		(2,720,914		)	(2,232,860		)
											$	6,450,640		$	7,386,776
			$	6,050,616		$	6,450,640
									For the years ended December 31, 2013 and 2012, depreciation expense amounted to $969,311 and $992,648 respectively.
	For the six months ended June 30, 2014 and 2013, depreciation expense amounted to $488,054 and $487,905, respectively.

NOTES_PAYABLE1

NOTES PAYABLE	6 Months Ended							12 Months Ended
	Jun. 30, 2014							Dec. 31, 2013
NOTES PAYABLE	'							'
NOTES PAYABLE	'							'
	NOTE 6 — NOTES PAYABLE							NOTE 7 — NOTES PAYABLE
	In August 2012, the Company issued a note payable in the amount of $92,145 in connection with the acquisition of mining equipment. The note payable bears interest at approximately 7% per annum and is secured by a lien on the mining equipment. The note is payable in 48 equal monthly payments of $2,226 beginning in September 2012.							In March 2012, the Company received $500,000 in connection with a 5% secured promissory note (the “Bridge Note”), which was secured by certain assets of the Company’s wholly-owned subsidiaries, Arttor Gold and Noble Effort. The Company administratively issued such Bridge Note on April 10, 2012. The full amount of principal and accrued interest under the Bridge Note was due and payable on the earlier of: (x) the sale of Noble Effort and Arttor Gold, (or the sale of all or substantially all of the assets of Arttor Gold and Noble Effort) to a third party purchaser or (y) October 10, 2012. The Bridge Note was fully paid on May 29, 2012 and all obligations under the Bridge Note were fully satisfied during fiscal 2012.
	Notes payable — short and long term portion consisted of the following:							In August 2012, the Company issued a note payable in the amount of $92,145 in connection with the acquisition of mining equipment. The note payable bears interest at approximately 7% per annum and is secured by a lien on the mining equipment. The note is payable in 48 equal monthly payments of $2,226 beginning in September 2012.
		June 30, 2014			December 31, 2013			Notes payable — short and long term portion consisted of the following:
	Total notes payable	$	53,289		$	59,510
	Less: current portion	(23,532		)	(23,036		)		December 31, 2013			December 31, 2012
	Long term portion	$	29,757		$	36,474		Total notes payable	$	59,510		$	82,546
								Less: current portion	(23,036		)	(23,036		)
								Long term portion	$	36,474		$	59,510

CONVERTIBLE_PROMISSORY_NOTES

CONVERTIBLE PROMISSORY NOTES	12 Months Ended
	Dec. 31, 2013
CONVERTIBLE PROMISSORY NOTES	'
CONVERTIBLE PROMISSORY NOTES	'
	NOTE 8 —CONVERTIBLE PROMISSORY NOTES
	Extinguishment of the Senior Secured Convertible Promissory Notes
	On August 30, 2011, the Company issued $8,000,000 of senior secured convertible promissory notes to Platinum Long Term Growth LLC (“Platinum”) and Lakewood Group LLC (“Lakewood”). All obligations under these senior secured convertible promissory notes were fully satisfied during fiscal 2012. The notes were joint and several obligations of the Company and Gold Acquisition and bore interest at a rate of 9% per annum with principal and interest payable on the first business day of each month commencing on the earlier of:
	(i) 3 months after the Company or Gold Acquisition begins producing or extracting gold from the Relief Canyon Mine or (ii) 18 months after the original date of issuance of the note (the “Commencement Date”). The principal amount shall be paid in 12 equal monthly installments, with the initial payment due on the Commencement Date.
	The notes were convertible into shares of the Company’s common stock, at a price per share equal to $0.55, subject to adjustment in the event of mergers, recapitalizations, dividends and distributions applicable to shareholders generally and are further subject to anti-dilution protection. In October 2011, the conversion price of the senior convertible promissory notes had been adjusted to $0.40 per share as a result of certain anti-dilution provisions contained therein due to the sale of common stock at $0.40 per share.
	Between January 5, 2012 and February 23, 2012, the Company prepaid a total of $1,039,771 of the senior secured convertible promissory note to Platinum and Lakewood.
	The Assignment and Assumption Agreement dated February 23, 2012
	On February 23, 2012, pursuant to a certain assignment and assumption agreement (the “Assignment and Assumption Agreement”), certain assignees (collectively, the “Assignees”) acquired an aggregate of $4.0 million of the outstanding principal amount of the notes (the “Acquired Notes”) from Platinum and Lakewood (collectively, the “Assignors”). After giving effect to the transactions contemplated under the Assignment and Assumption Agreement and the prepayment of the notes, Platinum retained $2,368,183 and Lakewood retained $592,046 of the Original Notes. The principal amount of Acquired Notes issued to one of the assignees was $2,400,000 and the principal amount of the Acquired Note issued to the other assignee was $1,600,000 and bore interest at 9% per annum. The note holders waived any prepayment penalty in connection with the prepayment and assignment.
	On February 23, 2012, the Company entered into Note Modification Agreements, (the “Note Modification Agreements”) with the Assignees and Assignors, respectively, to extend the Maturity Date to February 23, 2014, the definition of Commencement Date to February 23, 2013 and to eliminate the prepayment penalty. The notes were convertible into shares of the Company’s common stock, at a price per share equal to $0.40, subject to adjustment in the event of mergers, recapitalizations, dividends and distributions applicable to shareholders generally and are further subject to full-ratchet anti-dilution protection.
	The Assignors entered into their Note Modification Agreement in exchange for (i) the issuance to Platinum of warrants to purchase an aggregate of 4,144,320 shares of common stock, (ii) the issuance to Lakewood of warrants to purchase an aggregate of 1,036,080 shares of common stock, (iii) the issuance of 1,600,000 shares of common stock to Platinum, and (iv) the issuance of 400,000 shares of common stock to Lakewood. The warrants may be exercised at any time, in whole or in part, at an exercise price of $0.40 per share. The warrants may be exercised until the fifth anniversary of their issuance and can be exercised on a cashless basis at any time. On March 29, 2012, such warrants were exercised on a cashless basis into 2,967,143 shares of common stock (see Note 12).
	Accordingly, the Company valued the 2 million common shares at the fair market value on the date of grant at $0.489 per share or $978,000. The 5,180,400 warrants were valued on the grant date at approximately $0.394 per warrant or a total of $2,044,186 using a Black-Scholes option pricing model with the following assumptions: stock price of $0.489 per share, volatility of 110%, expected term of 5 years, and a risk free interest rate of 0.88%. The Company recognized a total interest expense of $3,022,186 during the year ended December 31, 2012 in connection with the Note Modification Agreement.
	The Note Assignment and Assumption Agreement dated March 30, 2012
	On March 30, 2012, the Company, Platinum and Lakewood entered into agreements to amend the notes (which had a then current principal balance of $2,960,229) (the “Note Amendments”). Under the Note Amendments, the notes were amended to provide for a $0.35 conversion price. The original holders of the notes agreed to convert $262,500 of the notes in exchange for an aggregate of 750,000 shares of the Company’s common stock. The Company accounted for the reduction of the conversion price from $0.40 to $0.35 per share and such conversion under ASC 470-20-40 “Debt with Conversion and Other Options” and accordingly recorded a loss from extinguishment of debts of $51,563 which is equal to the fair value of the shares issued in excess of the fair value issuable pursuant to the original conversion terms.
	The Company also entered into a Note Assignment and Assumption Agreement on March 30, 2012 (the “March Note Assignment and Assumption Agreement”) pursuant to which the original holders assigned the remaining principal amount $2,697,729 (after such conversion discussed above) of the notes to various assignees and such assignees agreed to fully convert the acquired notes into the Company’s common stock in consideration for an aggregate purchase price of $3,256,252. A total of $2,992,014 was assigned to various assignees and the original holders waived $264,238 of the aggregate purchase price payable by the assignees for the notes under the Note Assignment and Assumption Agreement at an amended conversion price of $0.35 per share. The Company recorded a loss from extinguishment of debt of $294,285 for the year ended December 31, 2012 which represents the excess of the purchase price over the remaining principal. Such additional principal of $294,285 was considered to have an embedded beneficial conversion feature because the effective conversion price was less than the fair value of the Company’s common stock and as such were treated as a discount and were valued at $168,163 which was fully amortized upon the conversion of the notes and was included in interest expense.
	In connection with the March Note Assignment and Assumption Agreement, the Company accounted for the reduction of the conversion price from $0.40 to $0.35 per share and such conversion discussed below under ASC 470-20-40 “Debt with Conversion and Other Options” and accordingly recorded a loss from extinguishment of debts of $529,911 which was equal to the fair value of shares issued in excess of the fair value issuable pursuant to the original conversion terms.
	These various assignees agreed to convert an aggregate principal amount of $1,892,014 into 5,405,754 shares of the Company’s common stock at a conversion price of $0.35 per share. Such various assignees received an additional 1,118,432 shares of the Company’s common stock as consideration for the note conversion and were valued at the fair market value on the date of grant at $0.55 per share or $615,138 and have been included in loss from extinguishment of debts.
	The remaining assigned amount of $1,100,000 was amended to allow for its conversion into the Company’s Series D Preferred Stock equivalent to the stated value of the Series D Preferred Stock which is $1.00 per share. Each share of Series D Preferred Stock is convertible into shares of the Company’s common stock at an effective conversion price of $0.35 per share subject to anti-dilution provisions. As such, the Company issued a total of 1,100,000 shares of Series D Preferred Stock and an additional 227,586 shares of Series D Preferred Stock in consideration for the conversion of this convertible promissory note into shares of Series D Preferred Stock. For the year ended December 31, 2012, the Company recorded a loss from extinguishment of debts of $357,635 and a preferred deemed dividend of $130,049 in connection with the issuance of the additional 227,586 shares of Series D Preferred Stock. Such shares of Series D Preferred Stock were converted into the Company’s common stock in June 2012 (see Note 11).
	On March 30, 2012, the Company also amended the $2.4 million note assigned to Frost Gamma Investments Trust (“FGIT”) to allow for the conversion of this note into the Company’s Series D Preferred Stock at $1.00 per share. FGIT agreed to fully convert this note (together with accrued and unpaid interest of $21,600) into 2,421,600 shares of Series D Preferred Stock and an additional 501,021 shares of Series D Preferred Stock in consideration for the conversion of this note into shares of Series D Preferred Stock. The Company accounted for the reduction of the conversion price from $0.40 to $0.35 per share and such conversion under ASC 470-20-40 “Debt with Conversion and Other Options” and accordingly recorded loss from extinguishment of debts of $475,671 which was equal to the fair value of shares issued in excess of the fair value issuable pursuant to the original conversion terms. For the year ended December 31, 2012, the Company recorded a loss from extinguishment of debts of $787,319 and a preferred deemed dividend of $286,298 in connection with the issuance of the additional 501,021 shares of Series D Preferred Stock. Such shares of Series D Preferred Stock were converted into the Company’s common stock in June 2012 (see Note 11).
	On March 30, 2012, one of the assignees agreed to convert the assigned $1.6 million note (together with accrued and unpaid interest of $14,400) into 4,612,571 shares of common stock at a conversion price of $0.35 per share and an additional 954,325 shares of the Company’s Common Stock as consideration for the note conversion. The Company accounted for the reduction of the conversion price from $0.40 to $0.35 per share and such conversion under ASC 470-20-40 “Debt with Conversion and Other Options” and accordingly recorded loss from extinguishment of debts of $317,114 which is equal to the fair value of shares issued in excess of the fair value issuable pursuant to the original conversion terms. The additional 954,325 shares of common stock were valued at the fair market value on the date of grant at $0.55 per share or $524,878 and have been included in loss from extinguishment of debts for the year ended December 31, 2012.
	As a result of the conversion of the senior secured convertible promissory notes, the Company fully amortized the remaining unamortized debt discount of $6,933,333 and has included that amount in interest expense for the year ended December 31, 2012.
	Extinguishment of the 9% Secured Promissory Note
	On September 14, 2011, the Company sold $1,715,604 of 9% secured promissory notes. All obligations under the 9% secured convertible promissory note was fully satisfied during fiscal 2012. The note was a joint and several obligation of the Company and its wholly-owned subsidiary, Gold Acquisition. Principal and interest under the note was payable on the first business day of each month commencing on the later of (i) thirty (30) months from the original date of issuance and (ii) ten (10) days following the payment and/or conversion in full of the senior secured promissory notes dated as of August 30, 2011, issued to Platinum and Lakewood. The note may be pre-paid, in full or in part at a price equal to 105% of the aggregate principal amount of the note plus all accrued and unpaid interest thereon at the election of the Company. The note was convertible into shares of the Company’s common stock at a price equal to $0.50 per share, subject to adjustment in the event of mergers, recapitalizations, dividends and distributions applicable to shareholders generally.
	On March 30, 2012, the Company amended its 9% secured promissory note to allow for the conversion into the Company’s Series D Cumulative Convertible Preferred Stock at $1.00 per share. The holder of this note agreed to fully convert the remaining note of $1,015,604 (together with accrued and unpaid interest $9,140) into 1,024,744 shares of Series D Preferred Stock and an additional 212,017 shares of Series D Preferred Stock in consideration for the conversion of this note into shares of Series D Preferred Stock. The Company accounted the reduction of the conversion price from $0.40 to $0.35 per share and such conversion under ASC 470-20-40 “Debt with Conversion and Other Options” and accordingly recorded a loss from extinguishment of debts of $483,094 which was equal to the fair value of shares issued in excess of the fair value issuable pursuant to the original conversion terms. For the year ended December 31, 2012, the Company recorded a loss from extinguishment of debts of $333,168 and a preferred deemed dividend of $121,152 in connection with the issuance of the additional 212,017 shares of Series D Preferred Stock. Such shares of Series D Preferred Stock were converted into the Company’s common stock in June 2012 (see Note 11).
	As a result of the conversion of this note, the Company fully amortized the remaining unamortized debt discount of $897,117 for the year ended December 31, 2012 and included that amount in interest expense.

DERIVATIVE_LIABILITY

DERIVATIVE LIABILITY	12 Months Ended
	Dec. 31, 2013
DERIVATIVE LIABILITY	'
DERIVATIVE LIABILITY	'
	NOTE 9 — DERIVATIVE LIABILITY
	In connection with the issuance of the 9% senior convertible promissory notes dated August 30, 2011, the Company determined that the terms of the convertible notes include a down-round provision under which the conversion price could be affected by future equity offerings undertaken by the Company. Accordingly, under the provisions of FASB ASC Topic No. 815-40, “Derivatives and Hedging — Contracts in an Entity’s Own Stock”, the convertible instrument was accounted for as a derivative liability at the date of issuance and adjusted to fair value through earnings at each reporting date. The gain (loss) resulting from the decrease (increase) in fair value of this convertible instrument was $0 and $(1,454,889) for the years ended December 31, 2013 and 2012, respectively. During the year ended December 31, 2012, the Company reclassified $7,750,289, the full amount of the derivative liability, to paid-in capital due to the conversion of the senior convertible promissory notes into common stock on March 30, 2012 (see Note 8).
	The Company used the following assumptions for determining the fair value of the convertible instruments under the Black-Scholes option pricing model:
		2012
	Dividend rate	0%
	Term (in years)	2.00 - 2.17 Years
	Volatility	103% - 110%
	Risk-free interest rate	0.27% - 0.33%

RELATED_PARTY_TRANSACTIONS1

RELATED PARTY TRANSACTIONS	6 Months Ended	12 Months Ended
	Jun. 30, 2014	Dec. 31, 2013
RELATED PARTY TRANSACTIONS	'	'
RELATED PARTY TRANSACTIONS	'	'
	NOTE 7 — RELATED PARTY TRANSACTIONS	NOTE 10 — RELATED PARTY TRANSACTIONS
	Continental Resources Group, Inc.	Parties are considered to be related to the Company if the parties, directly or indirectly, through one or more intermediaries, control, are controlled by, or are under common control with the Company. Related parties also include principal owners of the Company, its management, members of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. The Company discloses all related party transactions.
	In January 2013, the Company paid $15,066 of Continental Resources Group Inc.’s expenses. The Company recorded such advances to additional paid in capital which represents distributions to the Company’s former parent company for a total of $15,066 for the six months ended June 30, 2013.  Continental was dissolved on February 27, 2013.	Note payable - related party
		In February 2011, Mr. Honig, a Director of the Company advanced $2,250,000 to the Company under a Credit Facility Agreement. Between August 2011 and December 2011, the Company paid a total of $1,688,250 to Mr. Honig on the advance. Additionally, between July 2012 and October 2012, a total of $75,500 was extinguished on a non-cash basis reducing the principal balance of the note to $486,250.
		Subsequently, in August 2013, Mr. Honig exchanged the note including accrued interest of $159,230 for Company’s Series E Convertible Preferred Stock and warrants and the Credit Facility was terminated (see Note 11).
		As of December 31, 2013 and 2012, the principal balance of the note was $0 and $486,250, respectively. As of December 31, 2013 and 2012, accrued interest on this note payable — related party was $0 and $142,164, respectively.
		Continental Resources Group, Inc.
		In January 2013, the Company paid $15,066 of Continental’s expenses. The Company recorded such advances to additional paid in capital which represents distributions to the Company’s former parent company for a total of $15,066 and $611,589 at December 31, 2013 and 2012, respectively.  Continental was dissolved on February 27, 2013 (see Note 3).

STOCKHOLDERS_EQUITY1

STOCKHOLDERS' EQUITY

6 Months Ended

12 Months Ended

Jun. 30, 2014

Dec. 31, 2013

STOCKHOLDERS' EQUITY

'

'

STOCKHOLDERS' EQUITY

'

'

NOTE 8 — STOCKHOLDERS’ EQUITY

NOTE 11 — STOCKHOLDERS’ EQUITY

Preferred Stock

Preferred Stock

The Company is authorized within the limitations and restrictions stated in the Amended and Restated Articles of Incorporation to provide by resolution or resolutions for the issuance of 50,000,000 shares of Preferred Stock, par value $0.0001 per share in such series and with such designations, preferences and relative, participating, optional or other special rights and qualifications, limitations or restrictions as the Company’s Board of Directors establish.

The Company is authorized within the limitations and restrictions stated in the Amended and Restated Articles of Incorporation to provide by resolution or resolutions for the issuance of up to 50,000,000 shares of Preferred Stock, par value $0.0001 per share in such series and with such designations, preferences and relative, participating, optional or other special rights and qualifications, limitations or restrictions as the Company’s Board of Directors establish.

Series A Convertible Preferred Stock

Convertible Series A Preferred Stock

As of June 30, 2014, 2,250,000 shares of Series A Preferred Stock, $0.0001 par value were authorized with none issued and outstanding.

As of December 31, 2013 and 2012, 2,250,000 shares of Series A Preferred Stock, $0.0001 par value were authorized with none issued and outstanding.

Series B Convertible Preferred Stock

Convertible Series B Preferred Stock

As of June 30, 2014, 8,000,000 shares of Series B Preferred Stock, $0.0001 par value were authorized with none issued and outstanding.

As of December 31, 2013 and 2012, 8,000,000 shares of Series B Preferred Stock, $0.0001 par value were authorized with none issued and outstanding.

Series C Convertible Preferred Stock

Convertible Series C Preferred Stock

As of June 30, 2014, 3,284,396 shares of Series C Preferred Stock, $0.0001 par value were authorized with none issued and outstanding.

As of December 31, 2013 and 2012, 3,284,396 shares of Series C Preferred Stock, $0.0001 par value were authorized with none issued and outstanding.

9% Series D Cumulative Preferred Stock

Convertible Series D Preferred Stock

As of June 30, 2014, there were 7,500,000 shares of Series D Preferred Stock authorized and none issued and outstanding.

On February 21, 2012, the Company designated 1,000,000 shares of 9.0% Series D Cumulative Convertible Preferred Stock. Each share of Series D Preferred Stock is convertible (together with accrued and unpaid dividends thereon) into shares of the Company’s common stock at a conversion price of $0.40 per share, subject to equitable adjustments after such events as stock dividends, stock splits or fundamental corporate transactions, and subject to anti-dilution provisions. The holders of the Company’s Series D Convertible Preferred Stock do not have voting rights. Upon liquidation, dissolution or winding up of the Company’s business, each holder of Series D Preferred Stock shall be entitled to receive, for each share thereof a preferential amount in cash equal to $1.00.

Convertible Series E Preferred Stock

All preferential amounts to be paid to the holders of Series D Preferred Stock in connection with such liquidation, dissolution or winding up shall be paid before the payment or distribution of any assets to the holders of (i) any other class or series of capital stock and (ii) of the Company’s common stock. The Company is required to redeem in cash all or portion of the Series D Preferred Stock upon the occurrence of a major transactions such as a consolidation, merger or other business combination, sale and transfer of more than 50% of any of the Company’s assets, or the closing of a purchase with more than 50% of the outstanding shares of stock tendered and the inability of the Company to convert any portion of the Series D Preferred stock due to insufficient authorized number of shares of common stock as defined in the certificate of designation. The redemption price is equivalent to the sum of (i) the greater of (A) 110% of the aggregate stated value of the outstanding shares of the Series D Preferred Stock plus all accrued dividends and (B) the aggregate stated value of the outstanding shares of the Series D Preferred Stock plus all accrued dividends divided by the conversion price on the date of the major transaction redemption price is demanded or the date the major transaction redemption price is paid in full whichever is less multiplied by the volume weighted average price on (x) the date of the major transaction redemption price is demanded and (y) the date the major transaction redemption price is paid in full, whichever is greater and (ii) all other amounts, costs, expenses and liquidated damages. The Company believes that the occurrence of the major transactions as defined in the certificate of designations are considered conditional events and as a result the instrument does not meet the definition of mandatorily redeemable financial instrument based from ASC 480-10-25, “Distinguishing Liabilities from Equity”.

On August 5, 2013, the Company designated 15,151 shares of Series E Stock. Each share of Series E Stock is convertible into shares of the Company’s common stock at a conversion rate of 3,000 shares of common stock for each share of Series E which is equivalent to a conversion price of $0.33 per share of common stock, subject to certain adjustments in the event of stock dividends, stock splits and subsequent equity sales.

This financial instrument was assessed at each reporting period to determine whether circumstances have changed such that the instrument met the definition of a mandatorily redeemable instrument (that is, the event is no longer conditional). If the event has occurred, the condition is resolved, or the event has become certain to occur, the financial instrument will be reclassified as a liability. On April 11, 2012, the Company filed an amendment to the Certificate of Designation for the Series D Preferred Stock with the Secretary of State of the State of Nevada to increase the number of authorized shares of Series D Preferred Stock that could be issued by the Company to 7,500,000. In June 2012, the conversion price of the Company’s Series D Convertible Preferred Stock was adjusted to $0.32 per share as a result of certain anti-dilution provisions contained therein due to the sale of the Company’s common stock at $0.32 per share.

The holders of the Series E Stock are entitled to vote on an as-converted basis on all matters on which the holders of the common stock have a right to vote.  The Company may, at any time after February 8, 2014, redeem all the then outstanding Series E Stock for cash in an amount equal to 110% of the purchase price for the Series E Stock, provided that the optional redemption provisions are met as defined in the certificate of designation.  Upon liquidation, dissolution or winding up of the Company, each holder of Series E Stock is entitled to receive the greater of: (i) 110% of the purchase price of the Series E Stock, or (ii) the amount each holder would be entitled to receive if such holder’s shares of Series E Stock were converted into common stock.  Upon a change of control, all outstanding shares of Series E Stock will automatically convert into shares of common stock and the holders will also be entitled to receive a cash payment equal to 10% of the purchase price paid for the Series E Stock. The Company believes that the occurrence of the optional redemption is considered a conditional event and as a result the instrument does not meet the definition of mandatorily redeemable financial instrument based from ASC 480-10-25, “Distinguishing Liabilities from Equity”.

On February 23, 2012, the Company entered into a Stock Purchase Agreement with two subscribers and sold 1,000,000 shares of the Series D Preferred Stock and an aggregate of 8,750,000 warrants to acquire shares of Common Stock for an aggregate purchase price of $1,000,000 (the “Series D Preferred Stock Purchase Price”).

In August 2013, the Company completed private placements to several accredited investors for the purchase of 10,533 shares of the Company’s Series E Stock and warrants to acquire 12,639,600 shares of the Company’s common stock for aggregate net proceeds of approximately $10.2 million. Each purchaser of Series E Stock received a 3-year warrant to acquire a number of shares of the Company’s common stock equal to 40% of the number of shares of common stock issuable upon conversion of the shares of Series E Stock. The warrants are immediately exercisable at an exercise price of $0.40 per share of the Company’s common stock, subject to adjustments in the event of stock dividends, recapitalizations or certain other transactions and expire three years from the date of issuance. The purchase price of one share of Series E Stock and the associated warrant was $990.

All of the proceeds from the Series D Preferred Stock Purchase Price were used to prepay (i) $800,000 of that certain senior secured convertible promissory note to Platinum and (ii) $200,000 of that certain senior secured convertible promissory note to Lakewood (see Note 8).

Additionally, Mr. Barry Honig, a director of the Company, exchanged the outstanding principal and accrued interest of $645,480 owed by the Company under a Credit Facility Agreement for 652 shares of Series E Stock and warrants to acquire 782,400 shares of the Company’s common stock on equivalent terms to those of investors purchasing in the private placement.

In accordance with ASC 505, “Equity - Dividends and Stock Splits”, the Series D Preferred Stock was considered to have an embedded beneficial conversion feature (the “ECF”) because the conversion price was less than the fair value of the Company’s common stock. This Series D Preferred Stock was fully convertible at the issuance date, therefore a portion of proceeds allocated to the Series D Preferred Stock of $1,000,000 was determined to be the value of the beneficial conversion feature and was recorded as a preferred deemed dividend. In connection with the initial sales of the Series D Preferred Stock, the initial estimated fair values allocated to the ECF were $226,629 and the fair value allocated to the warrants of $773,371 was recorded as a preferred deemed dividend on February 23, 2012.

During February and March 2014 certain holders of the Company’s Series E Stock converted 1,529 shares into 4,587,000 shares of common stock of the Company in accordance with the Series E Stock certificate of designation. The conversion rate applied to these exchanges was 3,000 shares of common stock for each share of Series E Stock which was equivalent to a conversion price of $0.33 per share of common stock.

The assumptions used valuing the warrants include:

During April 2014 a certain holder of the Company’s Series E Stock converted 50 shares into 150,000 shares of common stock of the Company in accordance with the Series E Stock certificate of designation. The conversion rate applied to these exchanges was 3,000 shares of common stock for each share of Series E Stock which was equivalent to a conversion price of $0.33 per share of common stock.

Risk free interest rate (annual)

0.88

%

Expected volatility

110

%

As of June 30, 2014, there were 15,151 shares of Series E Stock authorized and 9,606 shares issued and outstanding.

Expected life

5 Years

Assumed dividends

none

Common Stock

The Company recorded a loss from extinguishment of debts for a total of $2,436,888 in connection with the note conversions and a preferred deemed dividend of $537,499 for the year ended December 31, 2012 in connection with the issuance of the additional shares of Series D Preferred Stock discussed above.

On February 12, 2013, the Company granted an aggregate of 6,700,000 shares of restricted common stock to a director, certain employees and consultants of the Company, which were valued at fair market value on the date of grant at approximately $3,417,000 or $0.51 per share. These restricted shares vest one third at the end of each of the first three years from the date of issuance.

On March 30, 2012, the holder of the 400,000 shares of the Company’s Series D Preferred Stock converted his shares of Series D Preferred Stock into 1,153,143 shares of the Company’s Common Stock (which included accrued and unpaid dividends thereon). The Company recorded a preferred deemed dividend of $79,278 in connection with the conversion of the Series D Preferred Stock into the Company’s common stock at an adjusted conversion price of $0.35 per share.

On November 1, 2013, pursuant to an employment agreement, the Company granted 125,000 shares of restricted common stock to an employee of the Company which were valued at fair market value on the date of grant at approximately $0.36 per share. These restricted shares vest one third at the end of each of the first three years from the date of issuance.

In June 2012, 6,086,968 shares of Series D Preferred Stock were converted into 19,021,775 shares of the Company’s common stock. Additionally, as consideration for agreeing to convert its Series C Preferred Stock and Series D Preferred Stock, the Company issued an additional 3,000,000 shares of common stock to the preferred shareholder and such shares were valued at the fair market value on the date of grant at $0.36 per share or $1,086,000 and have been included in preferred stock deemed dividend.

On December 16, 2013, the Company granted an aggregate of 2,500,000 shares of restricted common stock to certain employees and consultants of the Company, which were valued at fair market value on the date of grant at approximately $875,000 or $0.35 per share. The shares granted to employees (1,300,000) vest one third on the date of grant and one third at the end of each of the years ending two and three years after the date of issuance. The remaining restricted shares issued to consultants vest one third at the end of each of the first three years from the date of issuance.

The Company recognized preferred stock dividends of $21,150 related to the Series D Preferred Stock during the year ended December 31, 2012. Accrued dividends amounted to $0 and $17,550 as of December 31, 2013 and 2012, respectively. As of December 31, 2013 and 2012, there were 7,500,000 shares of Series D Preferred Stock authorized and none issued and outstanding.

On January 1, 2014, pursuant to an employment agreement, the Company granted 250,000 shares of restricted common stock to an employee of the Company which were valued at fair market value on the date of grant at approximately $0.35 per share. These restricted shares vest one third at the end of each of the first three years from the date of issuance.

Convertible Series E Preferred Stock

On June 11, 2014, the Company and Mr. Steve Alfers, the Company’s CEO, entered into the Second Amendment to the Restricted Stock Agreement (the “Alfers Amendment”) to amend that certain Restricted Stock Agreement, dated as of May 13, 2013, and amended by the First Amendment to the Restricted Stock Agreement dated December 23, 2013 by and between the Company and Mr. Alfers.  Pursuant to the Alfers Amendment, the vesting of 1,666,500 restricted shares, of a total of 5,000,000 restricted shares that were granted on June 18, 2012, was extended from June 18, 2014 to March 14, 2015.  1,666,500 shares had previously vested in March 2014 and the vesting schedule for the remaining 1,667,000 shares vesting on June 18, 2015 remains unchanged.

On August 5, 2013, the Company designated 15,151 shares of Series E Convertible Preferred Stock. Each share of Series E is convertible into shares of the Company’s common stock at a conversion rate of 3,000 shares of common stock for each share of Series E which is equivalent to a conversion price of $0.33 per share of common stock, subject to certain adjustments in the event of stock dividends, stock splits and subsequent equity sales.

During the six months ended June 30, 2014, the Company recorded stock-based compensation expense in connection with restricted stock awards of $1,484,423.  At June 30, 2014, there was a total of $2,130,538 unrecognized compensation expense in connection with restricted stock awards.

The holders of the Series E Preferred Stock will vote on an as-converted basis on all matters on which the holders of the common stock have a right to vote.  The Company may, at any time after February 8, 2014, redeem all then outstanding Series E Preferred Stock for cash in an amount equal to 110% of the purchase price for the Series E Preferred Stock, provided that the optional redemption provisions are met as defined in the certificate of designation.  Upon liquidation, dissolution or winding up of the Company, each holder of Series E Preferred Stock is entitled to receive the greater of: (i) 110% of the purchase price of the Series E Preferred Stock, and (ii) the amount each holder would be entitled to receive if such holder’s shares of Series E Preferred Stock were converted into common stock.  Upon a change of control, all outstanding shares of Series E Preferred Stock will automatically convert into shares of common stock and the holders will also be entitled to receive a cash payment equal to 10% of the purchase price paid for the Series E Preferred Stock. The Company believes that the occurrence of the optional redemption is considered a conditional event and as a result the instrument does not meet the definition of mandatorily redeemable financial instrument based from ASC 480-10-25, “Distinguishing Liabilities from Equity”.

Common Stock Options

In August 2013, the Company completed private placements to several accredited investors for the purchase of 10,533 shares of the Company’s Series E Convertible Preferred Stock and warrants to acquire 12,639,600 shares of the Company’s common stock for aggregate net proceeds of approximately $10.2 million. Each purchaser of Series E received a 3-year warrant to acquire a number of shares of the Company’s common stock equal to 40% of the number of shares of common stock issuable upon conversion of the Series E shares. The warrants are immediately exercisable at an exercise price of $0.40 per share of the Company’s common stock, subject to adjustments in the event of stock dividends, recapitalizations or certain other transactions and expire three years from the date of issuance. The purchase price of one share of Series E Preferred Stock and the associated warrant was $990.

A summary of the Company’s outstanding stock options as of June 30, 2014 and changes during the period then ended are presented below:

In accordance with ASC 505, “Equity - Dividends and Stock Splits”, the Series E Preferred Stock was considered to have an embedded beneficial conversion feature because the conversion price was less than the fair value of the Company’s common stock. The Series E Preferred Stock was fully convertible at the issuance date, therefore a portion of proceeds allocated to the Series E Preferred Stock was determined to be the value of the beneficial conversion feature and was recorded as a preferred deemed dividend. In connection with the initial sales of the Series E Preferred Stock, the initial estimated fair value allocated to the ECF was $2,188,792 and the fair value allocated to the warrants of $1,912,867 was recorded as a preferred deemed dividend in August 2013.

Number of

Weighted

Weighted

Options

Average

Average

The assumptions used in valuing the warrants include:

Exercise

Remaining

Price

Contractual

Risk free interest rate (annual)

0.61% to 0.82%

Life

Expected volatility

86%

(Years)

Expected life

3 Years

Balance at December 31, 2013

32,900,000

$

0.4

8.18

Assumed dividends

none

Granted

—

—

—

Exercised

—

—

—

In connection with these private placements, the Company paid legal fees of approximately $124,000 and commissions of approximately $76,000 in cash and the issuance of warrants to purchase 13,590 shares of the Company’s common stock.

Forfeited

—

—

—

Cancelled

—

—

—

Additionally, Mr. Honig exchanged the outstanding principal and accrued interest of $645,480 owed by the Company under a Credit Facility Agreement (see Note 10) for 652 shares of Series E Convertible Preferred Stock and warrants to acquire 782,400 shares of the Company’s common stock on equivalent terms to those of investors purchasing in the private placement.

Balance at June 30, 2014

32,900,000

0.4

7.68

As of December 31, 2013, there were 15,151 shares of Series E Preferred Stock authorized and 11,185 shares issued and outstanding.

Options exercisable at end of period

32,000,000

$

0.4

Options expected to vest through December 31, 2014

900,000

Common Stock

Weighted average fair value of options granted during the period

$

—

On September 2, 2011, the Company, Empire, EXCX, Capital Hoedown, Inc. and Sheldon Finkel, the Company’s former Chief Executive Officer and former Co-Chairman of the Board of Directors (“Executive”), entered into a Separation Agreement (the “Agreement”) under which Executive resigned from all positions with the Company and each of its subsidiaries and affiliates. Pursuant to the Agreement, Executive agreed to the following:

Stock options outstanding at June 30, 2014 as disclosed in the above table have approximately $237,000 of intrinsic value at the end of the period.

i.

Cancellation of 750,000 shares of common stock, par value $0.001 per share, of the Company’s Common Stock owned by Executive; and

During the six months ended June 30, 2014, the Company recorded stock based compensation expense related to options of $48,423. At June 30, 2014, there was a total of $48,422 of unrecognized compensation expense related to non-vested options.

ii.

All unvested shares and options of the Company shall be cancelled and returned to the Company, other than outstanding options awarded to Executive to purchase 400,000 shares of Common Stock and additionally, Executive shall be entitled to retain 600,000 shares of Common Stock presently owned (the options to purchase 400,000 shares of Common Stock and 600,000 shares of Common Stock, the “Executive Retained Securities”). The Executive Retained Securities shall secure for collection of certain outstanding receivables of approximately $112,500, and thereafter be pledged to Lenders as collateral security for the payment by the Executive of $150,000 of indebtedness to Lenders in accordance with a payment schedule set forth in the Agreement; and

iii.

1,950,000 shares of Executive’s Common Stock shall be sold to one of the lenders of the Company; and

Common Stock Warrants

iv.

That certain Letter of Credit issued by Signature Bank, NA, (the “Letter of Credit”) pledged to Lenders as collateral security for the Loan Agreement, shall be assigned by Executive to the Lenders to repay the obligations under the Credit facility agreement.

A summary of the Company’s outstanding stock warrants as of June 30, 2014 and changes during the period then ended are presented below:

Additionally, the employment agreement of Executive was terminated upon execution of the Separation Agreement. The Executive and the Companies agreed to release each other from any and all claims and further obligations. The Company valued and recorded the cancelled shares at par value or $75 against additional paid in capital.

Number of

Weighted

Weighted

On September 29, 2011, the Company sold 3,284,396 shares of Series C Convertible Preferred Stock and two-year warrants (the “Series C Preferred Warrants”) to purchase 9,853,188 shares of Common Stock at an exercise price of $0.60 per share for an aggregate purchase price of $3,284,396. In accordance with ASC 505, “Equity - Dividends and Stock Splits”, the Series C Convertible Preferred Stock was considered to have an embedded beneficial conversion feature (ECF) because the conversion price was less than the fair value of the Company’s common stock. This Series C Convertible Preferred Stock was fully convertible at the issuance date, therefore a portion of proceeds allocated to the Series C Convertible Preferred Stock of $3,284,396 was determined to be the value of the beneficial conversion feature and was recorded as a deemed dividend.

Warrants

Average

Average

Exercise

Remaining

Between September 2011 and October 2011, the Company sold $1,718,000 of units pursuant to subscription agreements for an aggregate sale of 3,436,000 units, at a purchase price of $0.50 per unit. Each unit consists of: (i) one share of common stock and (ii) a two year warrant to purchase 50% percent of the number of shares of common stock (1,718,000 warrants) at an exercise price of $0.60 per share. The warrants may be exercised until the second anniversary of their issuance at a cash exercise price of $0.60 per share, subject to adjustment. The warrants may be exercised on a cashless basis at any time at 100% of the closing price for the common stock on the business day immediately prior to the exercise.

Price

Contractual

Life

Between October 2011 and December 2011, the Company sold $1,830,000 of units pursuant to subscription agreements for an aggregate sale of 4,575,000 units. Additionally, on November 29, 2011, the holder of the Company’s 6% note payable converted $611,750 principal balance of the note into an aggregate of 1,529,375 of units. Each unit was sold for a purchase price of $0.40 per unit and consists of: (i) one share of common stock and (ii) a two-year warrant to purchase fifty percent of the number of shares of common stock (3,052,188 warrants) purchased at an exercise price of $0.60 per share, subject to adjustment upon the occurrence of certain events. The warrants may be exercised at any time on a cashless basis at 100% of the closing price for the common stock on the business day immediately prior to the date of exercise. During the year ended December 31, 2011, the Company paid placement agent fees of $370,583 in cash to broker-dealers in connection with the sale of the above units.

(Years)

Balance at December 31, 2013

26,244,621

$

0.45

2.22

On September 29, 2011, the Company issued 4,429,415 shares of common stock in connection with the exercise of the 9,853,188 Series C Preferred Warrants on a cashless basis. Additionally, in September 2011, the Company issued 866,065 shares of common stock in connection with the exercise of these 1,678,000 warrants on a cashless basis.

Granted

—

—

—

Cancelled

—

—

—

In October 2011, the Company issued 500,000 shares of the Company’s common stock in connection with a public and investor relations agreement. The Company valued these common shares at the fair market value on the date of grant at $0.971 per share or $485,500. Accordingly, the Company recognized stock based consulting expense of $485,500 during the year ended December 31, 2011.

Forfeited

(5,000,000

)

0.6

—

Exercised

—

—

—

In November 2011, the Company and a consultant agreed to terminate public relations and consulting agreement in consideration for (i) a cash payment of $50,000 and (iii) the issuance of 50,000 shares of the Corporation’s common stock.  The Company valued the 50,000 common shares at the fair market value on the date of grant at $0.68 per share or $34,000.

Balance at June 30, 2014

21,244,621

$

0.42

2.18

In December 2011, the Company issued 600,000 shares of the Company’s common stock in connection with an advisory and consulting agreement. The consultant previously acted as a placement agent of Continental whereby the consultant received warrants to purchase Continental’s common stock. Such warrants were assumed by the Company pursuant to the asset purchase agreement entered into with Continental. Additionally, the consultant agreed to cancel 1,056,046 assumed warrants and waive any right to receive the Company’s warrants. The Company valued these common shares at the fair market value on the date of grant at $0.53 per share or $318,000. Accordingly, the Company recognized stock based consulting expense of $318,000 during the year ended December 31, 2011.

Warrants exercisable at June 30, 2014

21,244,621

$

0.42

2.18

On October 31, 2011, the Company entered into amendment agreements with holders of the Company’s 5% convertible promissory notes dated as of February 1, 2011 in the aggregate principal amount of $750,000. Pursuant to the amendment agreements, the fixed conversion price was adjusted from $1.00 to $0.65. The note holders, including Company Board Member Barry Honig, converted their outstanding notes to the Company’s common stock at a conversion price of $0.65 per share. In total, $750,000 of notes was converted, plus accrued interest of $27,555, with the Company issuing 1,196,238 shares in exchange. The Company accounted the reduction of the original conversion price from $1.00 to $0.65 per share and such conversion under ASC 470-20-40 “Debt with Conversion and Other Options” and accordingly recorded interest expense of $230,192 which is equal to the fair value of shares issued in excess of the fair value issuable pursuant to the original conversion terms. As of December 31, 2011, principal and accrued interest on these convertible promissory notes amounted to $0.

Weighted average fair value of warrants granted during the period

$

—

Following the consummation of the asset purchase agreement with Continental, certain holders of Continental’s warrants that were received in connection with the private placement of Continental securities (the “Continental Offering”) asserted certain rights against the Company under Section 5(f) of the Continental Warrants (the “Put Right”), which the Company disputed. On October 3, 2011, the Company, Continental and each of the holders of the Continental Warrants that exercised their Put Right, entered into an Agreement and Release (the “Release”) in which the Company agreed to issue to such holder 2 shares of the Company’s common stock (the “Additional Stock”) for every $1.00 invested in the Continental Offering in exchange for cancellation of the Continental Warrants and waiver of ratchet anti-dilution protection from future offerings.  A total of 5,350,000 shares were issued and a total of 4,280,000 stock warrants to purchase shares of the Company’s common stock (equivalent to 5,350,000 Continental warrants) were cancelled in connection with the settlement of the Put Rights. The Company valued these common shares at the fair market value on the date of grant at $0.89 per share or $4,761,500. Accordingly, the Company recognized settlement expense of $4,761,500 during the year ended December 31, 2011.

Treasury Stock

On November 18, 2011, the Company received an acknowledgment letter pursuant to which the beneficial owner of 500,000 shares of the common stock and a stock option agreement to purchase 600,000 shares of the Company’s common stock agreed, regardless of vesting, to cancel 450,000 shares of common stock and the termination of the 600,000 options. The Company valued and recorded the cancelled shares at par value or $45 against additional paid in capital.

The Company accounts for treasury stock under the cost method. On December 16, 2013, the Company reacquired 127,015 shares of its common stock from certain employees of the Company for $44,455. Additionally, between February 2014 and March 2014, the Company reacquired 492,513 shares of its common stock from certain employees of the Company for $181,421. The reacquisition by the Company of its common stock is the result of certain employees electing to surrender a number of shares in order to satisfy their minimum applicable withholding obligation due to the vesting of restricted stock awards. The value of the treasury stock is reflected separately as a deduction from stockholders’ equity. As of June 30, 2014, there were 619,528 of treasury shares valued at $225,876.

Between October 2011 and December 2011, 7,500,000 shares of Series B Preferred Stock were converted into 7,500,000 shares of common stock.

In December 2011, 750,000 Series A Preferred Stock were converted into 750,000 shares of common stock.

Between January 2012 and February 2012, the Company sold an aggregate of 2,237,500 units with net proceeds to the Company of $847,500. Each unit was sold for a purchase price of $0.40 per unit and consisted of: (i) one share of common stock and (ii) a two-year warrant to purchase 50% (1,118,750 warrants) of the number of shares of common stock purchased at an exercise price of $0.60 per share, subject to adjustment upon the occurrence of certain events. The warrants may be exercised at any time on a cashless basis at 100% of the closing price for the common stock on the business day immediately prior to the date of exercise. The Company agreed to file a “resale” registration statement with the SEC covering all shares of common stock and shares of common stock underlying the warrants (including as issued to placement agents) within 60 days of the final closing date of the sale of any units and to maintain the effectiveness of the registration statement until all securities have been sold or are otherwise able to be sold pursuant to Rule 144. The Company agreed to use its reasonable best efforts to have the registration statement declared effective within 120 days of the final closing on the sale of units.

The Company was obligated to pay to investors a fee of one (1%) per month in cash for every thirty day period up to a maximum of six (6%) percent, (i) that the registration statement has not been filed after the filing date, and (ii) following the effectiveness date that the registration statement has not been declared effective; provided, however, that the Company shall not be obligated to pay any such liquidated damages if the Company is unable to fulfill its registration obligations as a result of rules, regulations, positions or releases issued or actions taken by the SEC pursuant to its authority with respect to “Rule 415”, provided the Company registers at such time the maximum number of shares of common stock permissible upon consultation with the staff of the SEC.

In August 2012, the Company entered into waiver agreements with majority of the investors who purchased units pursuant to subscription agreements dated between September 2011 and February 2012 whereby the Company agreed to register the shares of common stock underlying the units with the SEC. The waiver agreement irrevocably and unconditionally waives the liquidated damages in cash or kind related to any failure by the Company to cause the registration statement to be filed on or before a designated filing date or declared effective by the SEC on or before the effectiveness date. Furthermore, the shares of common stock that would be covered by the above discussed registration statement are no longer considered “Registrable Securities” as such term is defined in the governing Registration Rights Agreement and therefore the Company believes it no longer has any obligation under such Registration Rights Agreement to register such shares.

In April 2012, the Company sold an aggregate 4,385,716 shares of common stock to certain investors for an aggregate purchase price of $1,535,000 or a purchase price of $0.35 per share.

On June 19, 2012, the Company issued 12,500,000 shares of its common stock to certain investors in a private placement for an aggregate purchase price of $4,000,000 or a purchase price of $0.32 per share. In connection with the private placement, the Company paid fees of $75,000 and issued 234,375 shares of its common stock to a placement agent as consideration for certain placement agent services. In connection with the private placement, the Company and the purchasers entered into a registration rights agreement dated June 19, 2012 which provides the purchasers certain rights relating to the registration of the common stock under the Securities Act. Pursuant to the registration rights agreement, at any time after December 19, 2012, the purchasers have the right to require the Company to file a registration statement under the Securities Act to register the common stock. In addition, if the Company registers any of its equity securities under the Securities Act, the Company is required to give the purchasers prompt notice of its intention to do so, and the purchasers may request the common stock to be included in the registration statement.

On February 9, 2012, the Company issued 12,000,000 shares of restricted common stock to Stephen Alfers, the Company’s Chief Executive Officer, pursuant to his employment agreement. On February 8, 2013, the Company and Mr. Alfers amended his employment agreement, at the Company’s request, to extend the vesting of 6,000,000 shares of restricted stock until March 14, 2014. These shares originally would have vested on February 9, 2013. On December 23, 2013, the Company and Mr. Alfers entered into the second amendment to his employment agreement dated as of February 9, 2012 whereby the vesting of 6,000,000 restricted shares, of a total of 12,000,000 restricted shares, was accelerated from March 14, 2014 to December 26, 2013.  The vesting schedule for the remaining shares, 3,000,000 shares vesting on February 9, 2014 and 3,000,000 shares vesting on February 9, 2015, remains unchanged.

On March 20, 2012, the Company issued 250,000 shares of common stock to a third party in consideration for payment of legal services rendered of $129,028 and Continental’s accrued legal fees of $170,614 for a total amount of $299,642. The Company valued these common shares for $299,642.

In March 2012, the Company issued 200,000 shares of common stock to a consultant in consideration for payment of public relations services rendered. The Company recorded stock based consulting expense and valued these common shares at the fair market value on the date of grants at approximately $0.55 per share or $110,000 for the year ended December 31, 2012.

In March 2012, the Company issued an aggregate of 6,229,718 shares of common stock in connection with the exercise of the 11,399,150 stock warrants on a cashless basis. The Company valued these common shares at par value.

On April 27, 2012, the Company issued 50,000 shares of common stock to a consultant in consideration for certain consulting services rendered. The Company had accrued such consulting expense prior to issuance amounting to $45,000. The Company valued these common shares at the fair market value on the date of grants at approximately $0.90 per share or $45,000.

On April 5, 2012, the Company issued to Victoria Gold. and Victoria Resources (US) Inc. 10 million shares of the Company’s common stock, and a 2 year warrant to purchase 5 million shares of Common Stock at a purchase price of $0.60 per share in connection with the acquisition of rights to approximately 13,300 acres of mining claims and private lands adjacent to the Company’s landholdings at the Relief Canyon Mine in Pershing County, Nevada (see Note 5). The Company valued the 10 million common shares at the fair market value on the date of grants at approximately $0.46 per share or $4,600,000. For the year ended December 31, 2012, the Company recorded the value of such shares and warrants into mineral rights as reflected in the accompanying consolidated balance sheets.

On July 22, 2011, the Company purchased substantially all of the assets of Continental in consideration for (i) 8 shares of the Company’s common stock for every 10 shares of common stock of Continental outstanding; (ii) the assumption by the Company of the outstanding warrants to purchase shares of Continental’s common stock at a ratio of one warrant (the “Company Warrants”) to purchase 8 shares of the Company’s common stock for every Continental Warrant to purchase 10 shares of Continental’s common stock; and (iii) the assumption of Continental’s 2010 Equity Incentive Plan and all options granted and issued thereunder at a ratio of one option to purchase 8 shares of the Company Common Stock for every option to purchase 10 shares of Continental’s common stock outstanding. Between April 2012 and June 2012, the Company issued an aggregate of 9,729,285 shares of its common stock to holders of Company Warrants in consideration for the cancellation of such Company Warrants. Additionally, such holders agreed to the elimination of certain most favored nations provisions or price protection associated with the shares of Continental’s common stock issued in connection with the Continental Warrants (the “Warrant Cancellation Transaction”). The Company issued 9,729,285 shares of the Company’s common stock at a ratio of 300 shares for every 1,000 Company Warrants held. An aggregate of 32,430,954 Company Warrants were cancelled as a result of the Warrant Cancellation Transaction. Accordingly, the Company valued the 9,729,285 common shares at the fair market value on the date of grants ranging between $0.29 to $0.505 per share or $4,883,196. This was reflected as a settlement expense in the Company’s Statement of Operations during the year ended December 31, 2012.

On May 24, 2012, in connection with the Merger Agreement between the Company, Red Battle, and Valor Gold, the Company cancelled 1,750,000 shares of the Company’s common stock. The Company valued these cancelled common shares at par value.

On June 18, 2012, the Company granted 3,000,000 shares of restricted common stock to a director of the Company that were valued at fair market value on the date of grant at approximately $0.34 per share. These restricted shares vest one third at the end of each of the first three years following the date of issuance.

On June 18, 2012, the Company issued 5,000,000 shares of restricted common stock to Mr. Alfers that were valued at fair market value on the date of grant at approximately $0.34 per share. These restricted shares shall vest one third at the end of each of the first three years following the date of issuance. On February 8, 2013, the Company and Mr. Alfers amended, at the Company’s request, the related restricted stock agreement to extend the vesting schedule of the first one third of the shares until March 14, 2014.  These shares originally would have vested on June 18, 2013. On December 23, 2013, the Company and Mr. Alfers entered into the first amendment to the restricted stock agreement to amend that certain restricted stock agreement by and between the Company and Mr. Alfers whereby the vesting of 1,666,667 restricted shares, of a total of 5,000,000 restricted shares, was accelerated from March 14, 2014 to December 26, 2013.  The vesting schedule for the remaining shares, with approximately half of the remaining shares vesting on June 18, 2014 and approximately half the remaining shares vesting on June 18, 2015, remains unchanged.

On November 21, 2012, the Company issued 200,000 shares of restricted common stock to Eric Alexander, the Company’s Vice President of Finance and Controller and which were valued at fair market value on the date of grant at approximately $0.35 per share. On February 8, 2013, the Company and Mr. Alexander amended, at the Company’s request, his restricted stock agreement to extend vesting of the first one third of his grant until March 14, 2014. These shares originally would have vested on November 30, 2013.

On December 3, 2012, the Company completed a private placement to several accredited investors for 9,469,548 shares of its common stock and 3,787,819 warrants for aggregate gross proceeds of $3,124,950. The purchase price for one share of common stock and a warrant to acquire 0.40 of a share of common stock was $0.33. The warrants are exercisable immediately at an exercise price of $0.50 per share and will expire on December 7, 2015.  The warrant contains customary adjustment provisions in the event of dividends or recapitalizations. In addition, the Company paid aggregate consideration of 303,030 shares of the Company’s common stock and 121,212 warrants, in lieu of $100,000 as consideration for certain placement agent services in connection with the private placement. In connection with the issuance of the 303,030 shares to the placement agent, the Company valued these common shares at par value.

On February 12, 2013, the Company granted an aggregate of 6,700,000 shares of restricted common stock to a director of the Company and certain employees and consultants of the Company, which were valued at fair market value on the date of grant at approximately $3,417,000 or $0.51 per share. These restricted shares vest one third at the end of each of the first three years from the date of issuance.

On November 1, 2013, pursuant to an employment agreement, the Company granted 125,000 shares of restricted common stock to an employee of the Company which was valued at fair market value on the date of grant at approximately $0.36 per share. These restricted shares vest one third at the end of each of the first three years from the date of issuance.

On December 16, 2013, the Company granted an aggregate of 2,500,000 shares of restricted common stock to certain employees and consultants of the Company, which were valued at fair market value on the date of grant at approximately $875,000 or $0.35 per share. The shares granted to employees (1,300,000) vest one third on the date of grant and one third at the end of each of the years ending two and three years after the date of issuance. These remaining restricted shares issued to consultants vest one third at the end of each of the first three years from the date of issuance.

During the years ended December 31, 2013 and 2012, the Company recorded stock-based compensation expense in connection with restricted stock awards of $4,772,162 and $5,048,047, respectively.  At December 31, 2013, there was a total of $3,527,461 unrecognized compensation expense in connection with restricted stock awards.

Common Stock Options

A summary of the Company’s stock options as of December 31, 2013 and 2012 and changes during the period are presented below:

Number of

Weighted

Weighted

Options

Average

Average

Exercise Price

Remaining

Contractual Life

(Years)

Balance at December 31, 2011

3,548,000

$

1.11

8.45

Granted

32,250,000

0.39

10

Exercised

—

—

—

Forfeited

(500,000

)

0.81

8.59

Cancelled

—

—

—

Balance at December 31, 2012

35,298,000

0.42

9.11

Granted

350,000

0.42

4.14

Exercised

—

—

—

Forfeited

(2,748,000

)

1.17

7

Cancelled

—

—

—

Balance outstanding at December 31, 2013

32,900,000

$

0.4

8.18

Options exercisable at end of year

32,000,000

$

0.4

Options expected to vest

900,000

Weighted average fair value of options granted during the period

$

0.24

Stock options outstanding at December 31, 2013 as disclosed in the above table have approximately $26,000 intrinsic value at the end of the year.

On September 29, 2010, the Company’s Board of Directors and stockholders adopted the 2010 Stock Incentive Plan (the “2010 Plan”). Under the 2010 Plan, options may be granted which are intended to qualify as Incentive Stock Options under Section 422 of the Internal Revenue Code of 1986 (the “Code”) or which are not intended to qualify as Incentive Stock Options thereunder. In addition, direct grants of stock or restricted stock may be awarded.  The 2010 Plan has reserved 2,800,000 shares of common stock for issuance, and there are currently outstanding stock-based awards to purchase 2,150,000 shares of the Company’s common stock under the 2010 Plan.

On February 9, 2012, the holders of approximately 53% of the outstanding shares of the Company’s common stock voted in favor of the adoption of the Company’s 2012 Equity Incentive Plan (the “2012 Plan”).  The Board approved the 2012 Plan on February 9, 2012, which reserves 40,000,000 shares of common stock for issuance thereunder in the form of qualified incentive stock options, non-qualified stock options and restricted stock grants, issuable to the Company’s officers, directors, employees and consultants. As of December 31, 2013, there are 500,000 shares remaining available for future issuances of stock-based awards under the 2012 Plan.

On February 9, 2012, the Company granted 10,000,000 10-year options to purchase shares of common stock at $0.45 to the Company’s CEO. The options were valued at approximately $0.45 per option or a total of $4,537,000 using a Black-Scholes option pricing model with the following assumptions: stock price of $0.49 per share, volatility of 110%, expected term of 10 years, and a risk free interest rate of 2.04%.

On March 6, 2012, the Company granted an aggregate of 1,100,000 10-year options to purchase shares of common stock at $0.45 per share, the market price on the date of issuance, which vests 25% on date of issuance; 25% on each of December 31, 2012; December 31, 2013 and December 31, 2014 to two employees and a consultant of the Company. The 1,100,000 options were valued on the grant date at approximately $0.41 per option or a total of $448,690 using a Black-Scholes option pricing model with the following assumptions: stock price of $0.45 per share, volatility of 103%, expected term of 10 years, and a risk free interest rate of 1.98%.

On April 6, 2012, pursuant to a consulting agreement, the Company agreed to pay Mr. Honig, a director of the Company, a ten-year option to purchase 12,000,000 shares of the Company’s common stock, exercisable at $0.35 per share which vested in full on the date of issuance. The 12,000,000 options were valued on the grant date at approximately $0.39 per option or a total of $4,633,200 using a Black-Scholes option pricing model with the following assumptions: stock price of $0.46 per share, volatility of 105%, expected term of 6 years, and a risk free interest rate of 0.89%.  Additionally, in April 2012, the Company paid a one-time payment of $200,000 to Mr. Honig pursuant to the consulting agreement.

On June 18, 2012, the Company granted an aggregate of 6,000,000 10-year options to purchase shares of common stock exercisable at $0.34 per share to the Company’s CEO and Mr. Honig, a director of the Company. The 6,000,000 options were valued on the grant date at approximately $0.28 per option or a total of $1,660,200 using a Black-Scholes option pricing model with the following assumptions: stock price of 0.34 per share, volatility of 107%, expected term of 6 years, and a risk free interest rate of 0.69%.

On June 18, 2012, the Company granted an aggregate of 2,700,000 10-year options to purchase shares of common stock at $0.34 per share which vests 25% on date of issuance; 25% on each of December 31, 2012; December 31, 2013 and December 31, 2014 to a former director of the Company, three employees and three consultants of the Company. The 2,700,000 options were valued on the grant date at approximately $0.28 per option or a total of $747,090 using a Black-Scholes option pricing model with the following assumptions: stock price of $0.34 per share, volatility of 107%, expected term of 6 years, and a risk free interest rate of 0.69%.

Between July 2012 and September 2012, the Company granted 150,000, 4 year options to purchase shares of common stock to a consultant and 300,000, 10 year options to purchase shares of common stock to an employee at exercise prices ranging between $0.31 to $0.36 per share pursuant to an employment and consulting agreement. These options were subject to vesting periods per the terms of their agreement. The 450,000 options were valued on the grant date ranging from approximately $0.24 to $0.28 per option or a total of $119,895 using a Black-Scholes option pricing model with the following assumptions: stock price ranging from $0.31 to $0.36 per share, volatility ranging from $99% to 103%, expected term of 4 to 6 years, and a risk free interest rate of 0.62% to 0.67%.

On February 12, 2013, the Board approved the adoption of a 2013 Equity Incentive Plan (the “2013 Plan”). The 2013 Plan provides for the grant of incentive stock options, nonqualified stock options, restricted stock, restricted stock units, stock appreciation rights and other types of stock-based awards to the Company’s employees, officers, directors and consultants.  Pursuant to the terms of the 2013 Plan, either the Board or a board committee is authorized to administer the plan, including by determining which eligible participants will receive awards, the number of shares of common stock subject to the awards and the terms and conditions of such awards. Up to 40 million shares of common stock are issuable pursuant to awards under the 2013 Plan. As of December 31, 2013, there were 29,375,000 shares remaining available for future issuances of stock-based awards under the 2013 Plan.

In March 2013, the Company granted 150,000 3-year options to purchase shares of common stock exercisable at $0.44 per share to consultants of the Company pursuant to a consulting agreement for business advisory services. The stock options fully vested by May 31, 2013. The 150,000 options were valued on the grant date at approximately $0.25 per option or a total of $38,058 using a Black-Scholes option pricing model with the following assumptions: stock price of $0.44 per share, volatility of 92%, expected term of 3 years, no dividend yield and a risk free interest rate of 0.35%.

In March 2013, the Company extended the exercise period of stock options to purchase 500,000 shares of common stock previously granted to the Company’s former Vice President of Finance and Administration and director on June 18, 2012. The exercise period was extended to December 31, 2013 from March 31, 2013. The Company valued the extension of the option period utilizing the Black-Scholes option pricing model using the following assumptions: estimated volatility of 92%, risk-free interest rate of 0.14%, no dividend yield, and an expected life of 0.75 years, and recorded $35,079 as stock based compensation during the year ended December 31, 2013. Such options were forfeited on December 31, 2013.

In August 2013, the Company granted 200,000 5-year options to purchase shares of common stock exercisable at $0.40 per share to consultants of the Company pursuant to a consulting agreement for investor relations services. The stock options vest immediately and were valued on the grant date at approximately $0.23 per option or a total of $45,080 using a Black-Scholes option pricing model with the following assumptions: stock price of $0.35 per share, volatility of 86%, expected term of 5 years, no dividend yield and a risk free interest rate of 1.57%.

During the years ended December 31, 2013 and 2012, the Company recorded stock based compensation expense related to options of $383,555 and $13,163,509, respectively. At December 31, 2013, there was a total of $96,845 of unrecognized compensation expense related to non-vested options.

Common Stock Warrants

A summary of the Company’s outstanding stock warrants as of December 31, 2013 and 2012 and changes during the period then ended is as follows:

Number of Warrants

Weighted Average

Weighted

Exercise Price

Average

Remaining

Contractual

Life (Years)

Balance at December 31, 2011

35,603,142

$

2.64

3.94

Granted

24,482,741

0.56

4.59

Cancelled

(32,430,954

)

2.83

3.86

Forfeited

—

—

—

Exercised

(11,399,150

)

0.42

4.64

Balance at December 31, 2012

16,255,779

$

0.54

2.42

Granted

13,435,590

0.4

3

Cancelled

(3,446,748

)

0.65

0.6

Forfeited

—

—

—

Exercised

—

—

—

Balance at December 31, 2013

26,244,621

$

0.45

2.22

Warrants exercisable at December 31, 2013

26,244,621

$

0.45

2.22

Weighted average fair value of options granted during the year ended December 31, 2013

$

0.17

For the years ended December 31, 2013 and 2012, the Company recognized stock based compensation of $0 and $165,730, respectively, which represents the portion of the vested replacement warrants awards attributable to post-combination services due to the assumption of the stock warrants of Continental during fiscal 2011 and was accounted for under ASC 805-30-30-9 (“Acquirer Share-Based Payment Awards Exchanged for Awards Held by the Acquiree’s Employees).

Between January and February 2012, the Company sold an aggregate of 2,237,500 units with net proceeds to the Company of $847,500. Each unit was sold for a purchase price of $0.40 per unit and consisted of: (i) one share of common stock and (ii) a two-year warrant to purchase 50% (1,118,750 warrants) of the number of shares of common stock purchased at an exercise price of $0.60 per share, subject to adjustment upon the occurrence of certain events. The warrants may be exercised at any time on a cashless basis at 100% of the closing price for the common stock on the business day immediately prior to the date of exercise. In March 2012, the Company issued 336,974 shares of common stock in connection with the exercise of these 968,750 stock warrants on a cashless basis.

On February 23, 2012, the Company entered into a Stock Purchase Agreement with two subscribers and sold 1,000,000 shares of the Series D Preferred Stock and an aggregate of 8,750,000 warrants to acquire shares of Common Stock for an aggregate purchase price of $1,000,000. On March 29, 2012, the Company issued 2,967,143 shares of common stock in connection with the exercise of 5,250,000 stock warrants on a cashless basis.

On February 23, 2012, as previously discussed, in connection with a Note Modification Agreement, the Company issued warrants to purchase an aggregate of 4,144,320 shares of common stock to Platinum and warrants to purchase an aggregate of 1,036,080 shares of common stock to Lakewood (see Note 8). The warrants may be exercised at any time, in whole or in part, at an exercise price of $0.40 per share until the fifth anniversary of their issuance. The warrants may be exercised on a cashless basis at any time. In February 2012, the Company issued 2,925,601 shares of common stock in connection with the exercise of these 5,180,400 stock warrants on a cashless basis.

On March 6, 2012, the Company issued a warrant to purchase 400,000 shares of the Company’s common stock at an exercise price equal to the market price of the Company’s common stock on the date of issuance or at $0.45 per share to a consultant in consideration for services rendered. The 400,000 warrants were valued on the grant date at approximately $0.41 per option or a total of $163,155 using a Black-Scholes option pricing model with the following assumptions: stock price of $0.45 per share, volatility of 110%, expected term of 10 years, and a risk free interest rate of 1.98%. For the year ended December 31, 2012, the Company recognized stock based consulting of $163,155.

On April 5, 2012, the Company issued to Victoria Gold and Victoria Resources (US) Inc. 10 million shares of the Company’s common stock, and a 2 year warrant to purchase 5 million shares of common stock at a purchase price of $0.60 per share in connection with the acquisition of rights to approximately 13,300 acres of mining claims and private lands adjacent to the Company’s landholdings at the Relief Canyon Mine in Pershing County, Nevada (see Note 5). The 5 million warrants were valued on the grant date at approximately $0.22 per warrant or a total of $1,109,441 using a Black-Scholes option pricing model with the following assumptions: stock price of $0.46 per share, volatility of 105%, expected term of 2 years, and a risk free interest rate of 0.35%. For the year ended December 31, 2012, the Company recorded the value of such shares and warrants into mineral rights as reflected in the accompanying consolidated balance sheets.

On December 3, 2012, the Company completed a private placement to several accredited investors for 9,469,548 shares of its common stock and 3,787,819 warrants for aggregate gross proceeds of $3,124,950. The warrants are exercisable immediately at an exercise price of $0.50 per share and will expire on December 7, 2015.  The warrant contains customary adjustment provisions in the event of dividends or recapitalizations. In addition, the Company paid aggregate consideration of 303,030 shares of the Company’s common stock and 121,212 warrants, in lieu of $100,000 as consideration for certain placement agent services in connection with the private placement.

In May 2013, the Company paid a total of $45,484 in connection with the cancellation of 3,446,748 warrants to acquire the Company’s common stock. This was reflected as warrant settlement expense in the Company’s Statement of Operations during the year ended December 31, 2013.

In August 2013, as part of the Series E Preferred Stock private placement, the Company issued a total of 13,435,590 3-year warrants to purchase shares of the Company’s common stock at an exercise price of $0.40 per share.

Treasury Stock

The Company accounts for treasury stock under the cost method. On December 16, 2013, the Company repurchased 127,015 shares of its common stock from certain employees of the Company for $44,455. Such purchase price of the treasury stock is reflected separately as a deduction from stockholders’ equity.

NET_LOSS_PER_COMMON_SHARE1

NET LOSS PER COMMON SHARE	6 Months Ended													12 Months Ended
	Jun. 30, 2014													Dec. 31, 2013
NET LOSS PER COMMON SHARE	'													'
NET LOSS PER COMMON SHARE	'													'
	NOTE 9 — NET LOSS PER COMMON SHARE													NOTE 12 — NET LOSS PER COMMON SHARE
	Net loss per common share is calculated in accordance with ASC Topic 260, “Earnings Per Share”. Basic loss per share is computed by dividing net loss available to common stockholder, adjusted for preferred dividends, by the weighted average number of shares of common stock outstanding during the period. The computation of diluted net loss per share does not include anti-dilutive common stock equivalents in the weighted average shares outstanding.													Net loss per common share is calculated in accordance with ASC Topic 260, “Earnings Per Share”. Basic loss per share is computed by dividing net loss available to common stockholders, adjusted for preferred dividends, by the weighted average number of shares of common stock outstanding during the period. The computation of diluted net loss per share does not include anti-dilutive common stock equivalents in the weighted average shares outstanding. The following table sets forth the computation of basic and diluted loss per share:
	The following table sets forth the computation of basic and diluted loss per share:														For the			For the
															year ended			year ended
		For the Three			For the Three			For the Six			For the Six				December 31,			December 31,
		Months			Months			Months			Months				2013			2012
		ended			ended			ended			ended
		June 30,			June 30,			June 30,			June 30,			Numerator:
		2014			2013			2014			2013			Loss from continuing operations available to common stockholders	$	(18,205,047	)	$	(51,776,676	)
	Numerator:													Loss from discontinued operations	$	—		$	(50,298	)
	Net loss	$	(3,840,338	)	$	(1,987,728	)	$	(6,953,161	)	$	(5,044,226	)
	Denominator:													Denominator:
	Denominator for basic and diluted loss per share	280,270,650			273,292,023			279,065,711			271,700,310			Denominator for basic and diluted loss per share (weighted-average shares)	272,620,776			219,530,283
	(weighted-average shares)
														Loss per common share, basic and diluted:
	Net loss per common share, basic and diluted	$	(0.01	)	$	(0.01	)	$	(0.02	)	$	(0.02	)	Loss from continuing operations	$	(0.07	)	$	(0.24	)
														Loss from discontinued operations	$	(0.00	)	$	(0.00	)
	The following were excluded from the computation of diluted shares outstanding as they would have had an anti-dilutive impact on the Company’s loss from continuing operations and loss from discontinued operations. In periods where the Company has a net loss, all dilutive securities are excluded.
														The following were excluded from the computation of diluted shares outstanding as they would have had an anti-dilutive impact on the Company’s loss from continuing operations and loss from discontinued operations. In periods where the Company has a net loss, all dilutive securities are excluded.
		June 30, 2014		June 30, 2013
	Common stock equivalents:														December 31,		December 31,
	Stock options	32,900,000		33,200,000											2013		2012
	Stock warrants	21,244,621		12,809,031										Common stock equivalents:
	Convertible preferred stock	28,818,000		—										Stock options	32,900,000		35,298,000
		82,962,621		46,009,031										Stock warrants	26,244,621		16,255,779
														Convertible preferred stock	33,555,000		—
															92,699,621		51,553,779

DISCONTINUED_OPERATIONS

DISCONTINUED OPERATIONS	12 Months Ended
	Dec. 31, 2013
DISCONTINUED OPERATIONS	'
DISCONTINUED OPERATIONS	'
	NOTE 13 — DISCONTINUED OPERATIONS
	In September 2011, the Company decided to discontinue its sports and entertainment business and prior periods have been restated in the Company’s consolidated financial statements and related footnotes to conform to this presentation. On September 1, 2011, the Company disposed of its Empire subsidiary pursuant to a stock purchase agreement by and between the Company, Empire and CII. Prior to the purchase, CII was the owner of a 33 1/3% minority interest with Empire in Capital Hoedown, Inc., an Ontario corporation, formed to undertake an event held during August 2011. Pursuant to the stock purchase agreement, the Company agreed to sell Empire to CII, including the 66.67% equity ownership interest in Capital Hoedown, for $500,000 which was payable on March 31, 2012 pursuant to a Senior Promissory Note issued by CII to the Company which bears interest at 8% per annum. During 2012 the outstanding note balance was fully written off as a bad debt.
	The following table sets forth for the years ended December 31, 2013 and 2012 indicated selected financial data of the Company’s discontinued operations of its sports and entertainment business.
		December 31,		December 31,
		2013		2012
	Revenues	$	—	$	—
	Cost of sales	—		—
	Gross profit (loss)	—		—
	Operating and other non-operating expenses	—		(50,298		)
	Loss from discontinued operations	—		(50,298		)
	Gain from sale of sports and entertainment business	—		—
	Loss from discontinued operations	$	—	$	(50,298	)

COMMITMENTS_AND_CONTINGENCIES1

COMMITMENTS AND CONTINGENCIES	6 Months Ended			12 Months Ended
	Jun. 30, 2014			Dec. 31, 2013
COMMITMENTS AND CONTINGENCIES	'			'
COMMITMENTS AND CONTINGENCIES	'			'
	NOTE 10 — COMMITMENTS AND CONTINGENCIES			NOTE 14 — COMMITMENTS AND CONTINGENCIES
	Operating Lease			Operating Lease
	In February 2012, the Company signed a three year lease agreement for office space located in Lakewood, Colorado containing approximately 2,390 net rentable square feet with a term commencing in March 2012 and expiring in April 2015. The lease requires the Company to pay an annual base rent of $18.50 per rentable square foot or $44,215 plus a pro rata share of operating expenses. The base rent is subject to annual increases beginning on May 1, 2013 as defined in the lease agreement. Future minimum rental payments required under the lease are as follows:			In February 2012, the Company signed a three year lease agreement for office space located in Lakewood, Colorado containing approximately 2,390 net rentable square feet with a term commencing in March 2012 and expiring in April 2015. The lease requires the Company to pay an annual base rent of $18.50 per rentable square foot or $44,215 plus a pro rata share of operating expenses. The base rent is subject to annual increases beginning on May 1, 2013 as defined in the lease agreement. Future minimum rental payments required under the lease are as follows:
	2014	$	23,303	2014	$	46,207
	2015	15,535		2015 and thereafter	15,535
		$	38,838		$	61,742
	Rent expense was $23,811 and $22,307 for the six months ended June 30, 2014 and 2013, respectively.			Rent expense was $45,012 and $28,050 for the years ended December 31, 2013 and 2012, respectively.
	Mining Leases			Mining Leases
	As more fully discussed in Note 4 — Mineral Properties, the Company leases certain mineral properties included in its Pershing Pass Property. The future minimum lease payments under these mining leases are as follows:			As more fully discussed in Note 5 — Mineral Properties the Company leases certain mineral properties on its Pershing Pass Property. The future minimum lease payments under these mining leases are as follows:
	2014	$	10,000	2014	$	10,000
	2015	10,000		2015	10,000
	2016	20,000		2016	20,000
	2017	25,000		2017	25,000
	2018	25,000		2018	25,000
	Thereafter	117,500		Thereafter	117,500
		$	207,500		$	207,500
				The Company incurred mining lease payments of $25,000 and $10,000 for the years ended December 31, 2013 and 2012, respectively.
				Litigation
				Relief Gold
				Relief Gold Group, Inc., v Sagebrush Gold Ltd, Gold Acquisition Corp., Barry C. Honig, and David S. Rector (12 civ 0952)
				On February 7, 2012, the Company obtained a copy of a complaint filed in the United States District Court for the Southern District of New York (the “Complaint”) entitled Relief Gold Group, Inc., v Sagebrush Gold Ltd, Gold Acquisition Corp., Barry C. Honig, and David S. Rector (12 civ 0952). Relief Gold alleged various causes of action including breach of contract, intentional interference with contract, intentional interference with prospective business relationship/economic relations, misappropriation of trade secrets and unjust enrichment, related to the Company’s acquisition on August 30, 2011 of the assets of the Relief Canyon Mine pursuant to Chapter 11 of the Bankruptcy Code. Relief Gold sought money damages and to enjoin Sagebrush, Honig, Rector and GAC from exercising its rights and privileges gained or acquired as a result of any alleged unlawful conduct, including any management rights over GAC or the assets acquired by GAC as a result of the alleged wrongful conduct of the other defendants. Relief Gold further sought to disgorge the profits, benefits and any other advantages gained by reason of the alleged unlawful conduct. The Company served and filed its answer to the Complaint on May 24, 2012, in which it denied the material allegations and asserted a number of affirmative defenses. On September 18, 2012, a stipulation and order to transfer the case to the Northern District of Nevada was filed and the case was transferred to said court.
				The Company disputed the allegations in the Complaint and defended the claims. On or about February 29, 2012, Gold Acquisition Corp. commenced an adversary proceeding in the United States Bankruptcy Court for the District of Nevada against FirstGold, Terence Lynch and Relief Gold Group, and moved, by order to show cause, for a preliminary injunction and temporary restraining order staying the prosecution of the above-referenced action pending in the Southern District. The motion for a preliminary injunction was denied on or about March 15, 2012. Relief Gold and Lynch filed a motion to dismiss and a hearing was set for May 2013.
				Pursuant to the stipulation of all parties, this proceeding was dismissed with prejudice on April 17, 2013.
				Gold Acquisition Corp., v FirstGold Corp. et al (Case No. 12-05013-GWZ)
				On or about February 29, 2012, Gold Acquisition Corp. (“GAC”) commenced an adversary proceeding in the United States Bankruptcy Court for the District of Nevada against FirstGold, Terence Lynch and Relief Gold Group, and moved, by order to show cause, for a preliminary injunction and temporary restraining order staying the prosecution of the above-referenced action pending in the Southern District. The motion for a preliminary injunction was denied on or about March 15, 2012. Firstgold filed a motion to dismiss the complaint on April 23, 2012. On June 27, 2012, the Court ordered a “stand still” of this litigation, effectively staying any further action, until December 12, 2012, extended until the hearing on the Adversary Complaint Defendants’ Motion to Dismiss scheduled for May 2013.
				GAC also filed a Motion for Order to Show Cause in Firstgold’s main bankruptcy action Case No. 10-50215-GWZ requesting that the court require Firstgold to complete documentation for conveyance of property. That motion was granted on or about February 28, 2012.
				Pursuant to the stipulation of all parties, this proceeding was dismissed with prejudice on April 30, 2013.

INCOME_TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2013
INCOME TAXES	'
INCOME TAXES	'
	NOTE 15 - INCOME TAXES
	The Company accounts for income taxes under ASC Topic 740: Income Taxes which requires the recognition of deferred tax assets and liabilities for both the expected impact of differences between the financial statements and the tax basis of assets and liabilities, and for the expected future tax benefit to be derived from tax losses and tax credit carryforwards.  ASC Topic 740 additionally requires the establishment of a valuation allowance to reflect the likelihood of realization of deferred tax assets. The Company has a net operating loss carryforward for tax purposes totaling approximately $28.9 million at December 31, 2013, expiring through the year 2033. Internal Revenue Code Section 382 places a limitation on the amount of taxable income that can be offset by carryforwards after certain ownership shifts.
	The table below summarizes the differences between the Company’s effective tax rate and the statutory federal rate as follows for the year ended December 31, 2013 and 2012:
		December 31,			December 31,
		2013			2012
	Tax benefit computed at “expected” statutory rate	$	(4,795,151	)	$	(16,695,036	)
	State income taxes, net of benefit	—			—
	Permanent differences :
	Stock based compensation and consulting	866,305			240,786
	Prior year true-ups	(439,456		)	—
	Loss (gain) from change in fair value of derivative liability	—			494,700
	Amortization of debt discount, deferred financing cost, and other non-cash interest	—			3,768,000
	Stock based settlement expense	—			1,660,300
	Loss on extinguishment of debts	—			1,621,700
	Other	(17,014		)	55,334
	Increase in valuation allowance	4,385,316			8,854,216
	Net income tax benefit	$	—		$	—
	The table below summarizes the differences between the Company’s effective tax rate and the statutory federal rate as follows for the year ended December 31, 2013 and 2012:
		December 31,		December 31,
		2013		2012
	Computed “expected” tax expense (benefit)	(34.0	)%	(34.0	)%
	State income taxes	0	%	0	%
	Permanent differences	2.91	%	15.5	%
	Change in valuation allowance	31.09	%	18.5	%
	Effective tax rate	0	%	0	%
	The Company has a deferred tax asset which is summarized as follows at December 31, 2013 and 2012:
	Deferred tax assets:
		December 31,			December 31,
		2013			2012
	Net operating loss carryover	$	9,812,057		$	6,694,996
	Stock based compensation	7,461,894			6,940,860
	Stock held for sale	—			(1,131,290		)
	Depreciable and depletable assets	(469,134		)	1,145,470
	Mining explorations	620,492			836,910
	Capital loss carryforward	1,482,863			271,490
	Other	6,800			(228,780		)
	Less: valuation allowance	(18,914,972		)	(14,529,656		)
	Net deferred tax asset	$	—		$	—
	After consideration of all the evidence, both positive and negative, management has recorded a full valuation allowance at December 31, 2013, due to the uncertainty of realizing the deferred income tax assets. The valuation allowance was increased by approximately $4.4 million.

SUBSEQUENT_EVENTS1

SUBSEQUENT EVENTS	6 Months Ended	12 Months Ended
	Jun. 30, 2014	Dec. 31, 2013
SUBSEQUENT EVENTS	'	'
SUBSEQUENT EVENTS	'	'
	NOTE 11 — SUBSEQUENT EVENTS	NOTE 16 — SUBSEQUENT EVENTS
	Private Placements	During February and March 2014 certain holders of the Company’s Series E Convertible Preferred Stock converted 1,473 shares into 4,419,000 shares of common stock of the Company in accordance with the Series E certificate of designation. The conversion rate applied to these exchanges was 3,000 shares of common stock for each share of Series E which was equivalent to a conversion price of $0.33 per share of common stock.
	On July 2, 2014, the Company issued 26,578,854 Units, with each Unit comprised of one share of Common Stock (the “Unit Shares”) and a 30 month warrant (the “Warrant”) to purchase 0.4 of a share of Common Stock (the “Warrant Shares”) at an exercise price of $0.45, for a total of 26,578,854 shares of Common Stock and Warrants to acquire an additional 10,631,522 shares of Common Stock, all pursuant to subscription agreements (each, a “Subscription Agreement”) and a unit purchase agreement (the “Unit Purchase Agreement”) entered into with accredited investors.  The gross proceeds totaled approximately $9.0 million and net proceeds of approximately $8.2 million after commissions and expenses. The Warrants sold as part of the Units are exercisable immediately at an exercise price of $0.45 per share of Common Stock, subject to adjustment in the event of stock dividends, recapitalizations or certain other transactions.  The Warrants will expire on January 2, 2017. Certain FINRA broker-dealers acted on behalf of the Company and were paid aggregate cash commissions of approximately $700,000 and expenses of approximately $120,000 and were issued 30 month warrants to purchase an aggregate of 1,884,139 shares of Common Stock at an exercise price of $0.34.
	On July 14, 2014, the Company issued 2,461,760 Units, with each Unit comprised of one share of Common Stock and a 30 month warrant to purchase 0.4 of a share of Common Stock at an exercise price of $0.45, for a total of 2,461,760 shares of Common Stock and Warrants to acquire an additional 984,700 shares of Common Stock, all pursuant to subscription agreements and a unit purchase agreement entered into with accredited investors.  The gross proceeds totaled approximately $0.8 million and the net proceeds totaled approximately $0.7 million after commissions and expenses. In connection with this private placement, certain FINRA broker-dealers acted on behalf of the Company and were paid aggregate cash commissions of approximately $84,000 and expenses of approximately $16,000 and were issued 30 month warrants to purchase an aggregate of 241,252 shares of Common Stock at an exercise price of $0.34.
	On July 30, 2014, the Company issued 6,813,645 Units, with each Unit comprised of one share of Common Stock and a 30 month warrant to purchase 0.4 of a share of Common Stock at an exercise price of $0.45, for a total of 6,813,645 shares of Common Stock and Warrants to acquire an additional 2,725,454 shares of Common Stock, all pursuant to subscription agreements and a unit purchase agreement entered into with accredited investors.  The gross proceeds totaled approximately $2.3 million and the net proceeds totaled approximately $2.2 million after commissions and expenses. In connection with this private placement, certain FINRA broker-dealers acted on behalf of the Company and were paid aggregate cash commissions of approximately $100,000 and expenses of approximately $18,000 and were issued 30 month warrants to purchase an aggregate of 342,855 shares of Common Stock at an exercise price of $0.34.
	Conversion of Series E shares
	During July 2014 certain holders of the Company’s Series E Stock converted 181 shares into 543,000 shares of common stock of the Company in accordance with the Series E Stock certificate of designation. The conversion rate applied to these exchanges was 3,000 shares of common stock for each share of Series E Stock which was equivalent to a conversion price of $0.33 per share of common stock.

SUMMARY_OF_SIGNIFICANT_ACCOUNT4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended	12 Months Ended
	Jun. 30, 2014	Dec. 31, 2013
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'	'
Basis of Presentation and Principle of Consolidation	'	'
	Basis of presentation and principles of consolidation	Basis of Presentation and Principle of Consolidation
	The consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (“US GAAP”) and present the consolidated financial statements of the Company as of June 30, 2014. All intercompany transactions and balances have been eliminated. All adjustments (consisting of normal recurring items) necessary to present fairly the Company’s financial position as of June 30, 2014, and the results of operations and cash flows for the six months ended June 30, 2014 have been included. The results of operations for the six months ended June 30, 2014 are not necessarily indicative of the results to be expected for the full year. The accounting policies and procedures employed in the preparation of these consolidated financial statements have been derived from the audited financial statements of the Company for the fiscal year ended December 31, 2013, which are contained in the Company’s Form 10-K as filed with the Securities and Exchange Commission (“SEC”) on March 26, 2014. The consolidated balance sheet as of December 31, 2013, contained herein, was derived from those financial statements.	The consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (“US GAAP”) and present the consolidated financial statements of the Company and its majority-owned subsidiaries as of December 31, 2013. In the preparation of the consolidated financial statements of the Company, intercompany transactions and balances are eliminated and net earnings are reduced by the portion of the net earnings of subsidiaries applicable to non-controlling interests.
Exploration Stage Company	'	'
		Exploration Stage Company
		The Company is a gold and precious metals exploration company pursuing exploration and development opportunities primarily in Nevada. The Company has been in the exploration stage since September 1, 2011 and has not yet realized any revenues from its planned operations. The Company is an exploration stage company as defined in Financial Accounting Standards Board (“FASB”) issued Accounting Standards Codification (“ASC”) ASC 915 “Development Stage Entities”.
Use of Estimates and Assumptions	'	'
	Use of estimates	Use of Estimates and Assumptions
	In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated balance sheet, and revenues and expenses for the period then ended. Actual results may differ significantly from those estimates. Significant estimates made by management include, but are not limited to, allowance for bad debts, the useful life of property and equipment, the assumptions used to calculate fair value of options and warrants granted and derivative liability, beneficial conversion on convertible notes payable and preferred stock, capitalized mineral rights, asset valuations, common stock issued for services, common stock issued for conversion of notes and common stock issued in connection with an acquisition.	In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated balance sheet, and revenues and expenses for the period then ended. Actual results may differ significantly from those estimates. Significant estimates made by management include, but are not limited to, allowance for bad debts, the useful life of property and equipment, the assumptions used to calculate fair value of options and warrants granted and derivative liability, beneficial conversion on convertible notes payable and preferred stock, capitalized mineral rights, asset valuations, common stock issued for services, common stock issued for conversion of notes and common stock issued in connection with an acquisition.
Non-Controlling Interests in Consolidated Financial Statements	'	'
		Non-Controlling Interests in Consolidated Financial Statements
		Issued in December 2007, ASC 810-10-65, “Non-controlling Interests in Consolidated Financial Statements” clarifies that a non-controlling (minority) interest in a subsidiary is an ownership interest in the entity that should be reported as equity in the consolidated financial statements. It also requires consolidated net income to include the amounts attributable to both the parent and non-controlling interest, with disclosure on the face of the consolidated income statement of the amounts attributed to the parent and to the non-controlling interest. In accordance with ASC 810-10-45-21, those losses attributable to the parent and the non-controlling interest in subsidiary may exceed their interests in the subsidiary’s equity. The excess and any further losses attributable to the parent and the non-controlling interest shall be attributed to those interests even if that attribution results in a deficit non-controlling interest balance.
Cash and Cash Equivalents	'	'
	Cash and cash equivalents	Cash and Cash Equivalents
	The Company considers all highly liquid investments with a maturity of three months or less when acquired to be cash equivalents. The Company places its cash with high credit quality financial institutions. The Company’s accounts at these institutions are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000. At June 30, 2014, the Company had bank balances exceeding the FDIC insurance limit on interest bearing accounts. To reduce its risk associated with the failure of such financial institutions, the Company evaluates at least annually the rating of the financial institutions in which it holds deposits.	The Company considers all highly liquid investments with a maturity of three months or less when acquired to be cash equivalents. The Company places its cash with a high credit quality financial institution. The Company’s accounts at this institution are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000. At December 31, 2013, the Company had bank balances exceeding the FDIC insurance limit on interest bearing accounts. To reduce its risk associated with the failure of such financial institution, the Company evaluates at least annually the rating of the financial institution in which it holds deposits.
Restricted Cash	'	'
	Restricted cash	Restricted Cash
	Restricted cash consists of cash and investments which are held as collateral under a surface management surety bond issued on the Company’s behalf.	Restricted cash consists of cash and investments which are held as collateral under a surface management surety bond issued on the Company’s behalf.
Marketable Securities	'	'
	Marketable securities	Marketable Securities
	Marketable securities consist of the Company’s investment in publicly traded equity securities and are generally restricted for sale under Federal securities laws. The Company’s policy is to liquidate securities received when market conditions are favorable for sale. Since these securities are often restricted, the Company is unable to liquidate them until the restriction is removed. Marketable securities that are bought and held principally for the purpose of selling them in the near term are to be classified as trading securities and reported at fair value, with unrealized gains and losses included in earnings. Pursuant to ASC Topic 320, “Investments — Debt and Equity Securities,” the Company’s marketable securities have a readily determinable and active quoted price, such as from NASDAQ, NYSE Euronext, the Over the Counter Bulletin Board, and the OTC Markets Group.	Marketable securities consist of the Company’s investment in publicly traded equity securities and are generally restricted for sale under Federal securities laws. The Company’s policy is to liquidate securities received when market conditions are favorable for sale. Since these securities are often restricted, the Company is unable to liquidate them until the restriction is removed. Marketable securities that are bought and held principally for the purpose of selling them in the near term are to be classified as trading securities and reported at fair value, with unrealized gains and losses included in earnings. Pursuant to ASC Topic 320, “Investments — Debt and Equity Securities,” the Company’s marketable securities have a readily determinable and active quoted price, such as from NASDAQ, NYSE Euronext, the Over the Counter Bulletin Board, and the OTC Markets Group.
	Trading securities are carried at fair value, with changes in unrealized holding gains and losses included in income and classified within interest and other income, net, in the accompanying consolidated statements of operations.	Trading securities are carried at fair value, with changes in unrealized holding gains and losses included in income and classified within interest and other income, net, in the accompanying consolidated statements of operations.
	Available for sale securities are carried at fair value, with changes in unrealized gains or losses are recognized as an element of comprehensive income based on changes in the fair value of the security. Once liquidated, realized gains or losses on the sale of marketable securities available for sale are reflected in the net income (loss) for the period in which the security was liquidated.	Available for sale securities are carried at fair value, with changes in unrealized gains or losses are recognized as an element of comprehensive income based on changes in the fair value of the security. Once liquidated, realized gains or losses on the sale of marketable securities available for sale are reflected in the net income (loss) for the period in which the security was liquidated.
Fair Value of Financial Instruments	'	'
	Fair value of financial instruments	Fair Value of Financial Instruments
	The Company adopted ASC 820, “Fair Value Measurements and Disclosures” (“ASC 820”), for assets and liabilities measured at fair value on a recurring basis. ASC 820 establishes a common definition for fair value to be applied to existing generally accepted accounting principles that require the use of fair value measurements, establishes a framework for measuring fair value and expands disclosure about such fair value measurements. The adoption of ASC 820 did not have an impact on the Company’s financial position or operating results, but did expand certain disclosures.	The Company adopted ASC 820, “Fair Value Measurements and Disclosures” (“ASC 820”), for assets and liabilities measured at fair value on a recurring basis. ASC 820 establishes a common definition for fair value to be applied to existing generally accepted accounting principles that require the use of fair value measurements, establishes a framework for measuring fair value and expands disclosure about such fair value measurements. The adoption of ASC 820 did not have an impact on the Company’s financial position or operating results, but did expand certain disclosures.
	ASC 820 defines fair value 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. Additionally, ASC 820 requires the use of valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs.	ASC 820 defines fair value 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. Additionally, ASC 820 requires the use of valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. These inputs are prioritized below:
	These inputs are prioritized below:	Level 1:                                 Observable inputs such as quoted market prices in active markets for identical assets or Liabilities
		Level 2:                                 Observable market-based inputs or unobservable inputs that are corroborated by market data
	Level 1:                 Observable inputs such as quoted market prices in active markets for identical assets or liabilities	Level 3:                                 Unobservable inputs for which there is little or no market data, which require the use of the reporting entity’s own assumptions.
	Level 2:                 Observable market-based inputs or unobservable inputs that are corroborated by market data
	Level 3:                 Unobservable inputs for which there is little or no market data, which require the use of the reporting entity’s own assumptions.	The Company analyzes all financial instruments with features of both liabilities and equity under the FASB’s accounting standard for such instruments. Under this standard, financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.
	The Company analyzes all financial instruments with features of both liabilities and equity under the FASB’s accounting standard for such instruments. Under this standard, financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.	Depending on the product and the terms of the transaction, the fair value of notes payable and derivative liabilities were modeled using a series of techniques, including a closed-form analytic formula, such as the Black-Scholes option-pricing model.
	Depending on the product and the terms of the transaction, the fair value of notes payable and derivative liabilities were modeled using a series of techniques, including closed-form analytic formula, such as the Black-Scholes option-pricing model.	The Company classified the investments in marketable securities available for sale as Level 3, adjusted for the effect of restriction. The securities were restricted and cannot be readily resold by the Company absent a registration of the sale of those securities under the Securities Act of 1933 as amended (the “Securities Act”) or the availability of an exemption from the registration. Unrealized gains or losses on marketable securities available for sale were recognized as an element of comprehensive income based on changes in the fair value of the security. Once liquidated, realized gains or losses on the sale of marketable securities available for sale were reflected in net income for the period in which the security was liquidated. At the end of each period, the Company evaluated the carrying value of the marketable securities for a decrease in value. The Company evaluated the entity underlying these marketable securities to determine whether a decline in fair value below the amortized cost basis is other than temporary. If the decline in fair value is judged to be “other- than- temporary”, the cost basis of the individual security is written down to fair value as a new cost basis and the amount of the write-down is charged to earnings.
	The Company classified the investments in marketable securities available for sale as Level 3, adjusted for the effect of restriction. The securities were restricted and cannot be readily resold by the Company absent a registration of the sale of those securities under the Securities Act of 1933, as amended (the “Securities Act”) or the availability of an exemption from registration. Unrealized gains or losses on marketable securities available for sale were recognized as an element of comprehensive income based on changes in the fair value of the security. Once liquidated, realized gains or losses on the sale of marketable securities available for sale were reflected in net income for the period in which the security was liquidated. At the end of each period, the Company evaluated the carrying value of the marketable securities for a decrease in value. The Company evaluated the entity underlying these marketable securities to determine whether a decline in fair value below the amortized cost basis is other than temporary. If the decline in fair value is judged to be “other- than- temporary”, the cost basis of the individual security is written down to fair value as a new cost basis and the amount of the write-down is charged to earnings.	The carrying amounts reported in the consolidated balance sheets for cash and cash equivalents, prepaid expenses, accounts payable and accrued expenses approximate their estimated fair market value based on the short-term maturity of these instruments. The carrying amount of the notes payable at December 31, 2013 approximate their respective fair value based on the Company’s incremental borrowing rate.
	The carrying amounts reported in the consolidated balance sheets for cash and cash equivalents, prepaid expenses, accounts payable and accrued expenses approximate their estimated fair market values based on the short-term maturity of these instruments. The carrying amount of the note payable at June 30, 2014 approximates its respective fair value based on the Company’s incremental borrowing rate.
Prepaid Expenses and Other Current Assets	'	'
	Prepaid expenses	Prepaid Expenses and Other Current Assets
	Prepaid expenses of $399,032 and $582,278 at June 30, 2014 and December 31, 2013, respectively, consist primarily of costs paid for future services which will occur within a year. Prepaid expenses principally include prepayments for consulting and business advisory services, insurance premiums, drilling services, and mineral lease fees which are being amortized over the terms of their respective agreements.	Prepaid expenses of $582,278 and $502,837 at December 31, 2013 and 2012, respectively, consist primarily of costs paid for future services which will occur within a year. Prepaid expenses principally include prepayments for consulting and business advisory services, insurance premiums, surface management surety bond premium, and mineral lease fees which are being amortized over the terms of their respective agreements.
Mineral Property Acquisition and Exploration Costs	'	'
	Mineral property acquisition and exploration costs	Mineral Property Acquisition and Exploration Costs
	Costs of lease, exploration, carrying and retaining unproven mineral lease properties are expensed as incurred. The Company expenses all mineral exploration costs as incurred as it is still in the exploration stage. If the Company identifies proven and probable reserves in its investigation of its properties and upon development of a plan for operating a mine, it would enter the development stage and capitalize future costs until production is established. When a property reaches the production stage, the related capitalized costs are amortized using the units-of-production method over the estimated life of the proven and probable reserves. If in the future the Company has capitalized mineral properties, these properties will be periodically assessed for impairment. To date, the Company has not established the commercial feasibility of any exploration prospects; therefore, all exploration costs are being expensed. During the six months ended June 30, 2014 and 2013, the Company incurred exploration cost of $1,881,425 and $715,075, respectively.	Costs of lease, exploration, carrying and retaining unproven mineral lease properties are expensed as incurred. The Company expenses all mineral exploration costs as incurred as it is still in the exploration stage. If the Company identifies proven and probable reserves in its investigation of its properties and upon development of a plan for operating a mine, it would enter the development stage and capitalize future costs until production is established. When a property reaches the production stage, the related capitalized costs are amortized using the units-of-production method over the estimated life of the proven and probable reserves. If in the future the Company has capitalized mineral properties, these properties will be periodically assessed for impairment. To date, the Company has not established the commercial feasibility of any exploration prospects; therefore, all costs are being expensed. During the years ended December 31, 2013 and 2012, the Company incurred exploration cost of $3,204,629 and $5,221,001, respectively.
	ASC 930-805, “Extractive Activities-Mining: Business Combinations” (“ASC 930-805”), states that mineral rights consist of the legal right to explore, extract, and retain at least a portion of the benefits from mineral deposits. Mining assets include mineral rights. Acquired mineral rights are considered tangible assets under ASC 930-805. ASC 930-805 requires that mineral rights be recognized at fair value as of the acquisition date. As a result, the direct costs to acquire mineral rights are initially capitalized as tangible assets. Mineral rights include costs associated with acquiring patented and unpatented mining claims.	ASC 930-805, “Extractive Activities-Mining: Business Combinations” (“ASC 930-805”), states that mineral rights consist of the legal right to explore, extract, and retain at least a portion of the benefits from mineral deposits. Mining assets include mineral rights. Acquired mineral rights are considered tangible assets under ASC 930-805. ASC 930-805 requires that mineral rights be recognized at fair value as of the acquisition date. As a result, the direct costs to acquire mineral rights are initially capitalized as tangible assets. Mineral rights include costs associated with acquiring patented and unpatented mining claims.
	ASC 930-805-30-1 and 30-2 provides that in fair valuing mineral assets, an acquirer should take into account both:	ASC 930-805-30-1 and 30-2 provides that in fair valuing mineral assets, an acquirer should take into account both:
	·                                          The value beyond proven and probable reserves (“VBPP”) to the extent that a market participant would include VBPP in determining the fair value of the assets.	·                                          The value beyond proven and probable reserves (“VBPP”) to the extent that a market participant would include VBPP in determining the fair value of the assets.
	·                                          The effects of anticipated fluctuations in the future market price of minerals in a manner that is consistent with the expectations of market participants.	·                                          The effects of anticipated fluctuations in the future market price of minerals in a manner that is consistent with the expectations of market participants.
Property and Equipment	'	'
	Property and equipment	Property and Equipment
	Property and equipment are carried at cost. The cost of repairs and maintenance is expensed as incurred; major replacements and improvements are capitalized. When assets are retired or disposed of, the cost and accumulated depreciation are removed from the accounts, and any resulting gains or losses are included in income in the year of disposition. Depreciation is calculated on a straight-line basis over the estimated useful life of the assets, generally one to twenty five years.	Property and equipment are carried at cost. The cost of repairs and maintenance is expensed as incurred; major replacements and improvements are capitalized. When assets are retired or disposed of, the cost and accumulated depreciation are removed from the accounts, and any resulting gains or losses are included in income in the year of disposition. Depreciation is calculated on a straight-line basis over the estimated useful life of the assets, generally one to twenty five years.
Impairment of Long-lived Assets	'	'
	Impairment of long-lived assets	Impairment of Long-lived Assets
	The Company accounts for the impairment or disposal of long-lived assets according to the ASC 360 “Property, Plant and Equipment”. The Company continually monitors events and changes in circumstances that could indicate that the carrying amounts of long-lived assets, including mineral rights, may not be recoverable. Long-lived assets in the exploration stage are monitored for impairment based on factors such as the Company’s continued right to explore the area, exploration reports, assays, technical reports, drill results and the Company’s continued plans to fund exploration programs on the property, and whether sufficient work has been performed to indicate that the carrying amount of the mineral property cost carried forward as an asset will not be fully recovered. The tests for long-lived assets in the exploration stage are monitored for impairment based on factors such as current market value of the long-lived assets and results of exploration, future asset utilization, business climate, mineral prices and future undiscounted cash flows expected to result from the use of the related assets.	The Company accounts for the impairment or disposal of long-lived assets according to the ASC 360 “Property, Plant and Equipment”. The Company continually monitors events and changes in circumstances that could indicate that the carrying amounts of long-lived assets, including mineral rights, may not be recoverable. Long-lived assets in the exploration stage are monitored for impairment based on factors such as the Company’s continued right to explore the area, exploration reports, assays, technical reports, drill results and the Company’s continued plans to fund exploration programs on the property, and whether sufficient work has been performed to indicate that the carrying amount of the mineral property cost carried forward as an asset will not be fully recovered. The tests for long-lived assets in the exploration stage would be monitored for impairment based on factors such as current market value of the long-lived assets and results of exploration, future asset utilization, business climate, mineral prices and future undiscounted cash flows expected to result from the use of the related assets.
	Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the estimated future net undiscounted cash flows expected to be generated by the asset. When necessary, impaired assets are written down to estimated fair value based on the best information available. Estimated fair value is generally based on either appraised value or measured by discounting estimated future cash flows. Considerable management judgment is necessary to estimate discounted future cash flows. Accordingly, actual results could vary significantly from such estimates. The Company recognizes an impairment loss when the sum of expected undiscounted future cash flows is less than the carrying amount of the asset. The Company did not record any impairment charges of its long-lived assets at June 30, 2014 and December 31, 2013, respectively.	Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the estimated future net undiscounted cash flows expected to be generated by the asset. When necessary, impaired assets are written down to estimated fair value based on the best information available. Estimated fair value is generally based on either appraised value or measured by discounting estimated future cash flows. Considerable management judgment is necessary to estimate discounted future cash flows. Accordingly, actual results could vary significantly from such estimates. The Company recognizes an impairment loss when the sum of expected undiscounted future cash flows is less than the carrying amount of the asset. The Company did not consider it necessary to record any impairment charges of its long-lived assets at December 31, 2013 and 2012, respectively.
Income Taxes	'	'
	Income taxes	Income Taxes
	The Company accounts for income taxes pursuant to the provision of ASC 740-10, “Accounting for Income Taxes” (“ASC 740-10”) which requires, among other things, an asset and liability approach to calculating deferred income taxes. The asset and liability approach requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax bases of assets and liabilities. A valuation allowance is provided to offset any net deferred tax assets for which management believes it is more likely than not that the net deferred asset will not be realized.	The Company accounts for income taxes pursuant to the provision of ASC 740-10, “Accounting for Income Taxes” (“ASC 740-10”) which requires, among other things, an asset and liability approach to calculating deferred income taxes. The asset and liability approach requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax bases of assets and liabilities. A valuation allowance is provided to offset any net deferred tax assets for which management believes it is more likely than not that the net deferred asset will not be realized.
	The Company follows the provision of ASC 740-10 related to Accounting for Uncertain Income Tax Position. When tax returns are filed, there may be uncertainty about the merits of positions taken or the amount of the position that would be ultimately sustained. In accordance with the guidance of ASC 740-10, the benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions.	The Company follows the provision of ASC 740-10 related to Accounting for Uncertain Income Tax Position. When tax returns are filed, there may be uncertainty about the merits of positions taken or the amount of the position that would be ultimately sustained. In accordance with the guidance of ASC 740-10, the benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions.
	Tax positions that meet the more likely than not recognition threshold are measured at the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefit associated with tax positions taken that exceed the amount measured as described above should be reflected as a liability for uncertain tax benefits in the accompanying balance sheet along with any associated interest and penalties that would be payable to the taxing authorities upon examination. The Company believes its tax positions are all highly certain of being upheld upon examination. As such, the Company has not recorded a liability for uncertain tax benefits.	Tax positions that meet the more likely than not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above should be reflected as a liability for uncertain tax benefits in the accompanying balance sheet along with any associated interest and penalties that would be payable to the taxing authorities upon examination. The Company believes its tax positions are all highly certain of being upheld upon examination. As such, the Company has not recorded a liability for uncertain tax benefits.
	The Company has adopted ASC 740-10-25, “Definition of Settlement”, which provides guidance on how an entity should determine whether a tax position is effectively settled for the purpose of recognizing previously unrecognized tax benefits and provides that a tax position can be effectively settled upon the completion and examination by a taxing authority without being legally extinguished. For tax positions considered effectively settled, an entity would recognize the full amount of tax benefit, even if the tax position is not considered more likely than not to be sustained based solely on the basis of its technical merits and the statute of limitations remains open.  The federal and state income tax returns of the Company are subject to examination by the IRS and state taxing authorities, generally for three years after they were filed.	The Company has adopted ASC 740-10-25, “Definition of Settlement”, which provides guidance on how an entity should determine whether a tax position is effectively settled for the purpose of recognizing previously unrecognized tax benefits and provides that a tax position can be effectively settled upon the completion and examination by a taxing authority without being legally extinguished. For tax positions considered effectively settled, an entity would recognize the full amount of tax benefit, even if the tax position is not considered more likely than not to be sustained based solely on the basis of its technical merits and the statute of limitations remains open.  The federal and state income tax returns of the Company are subject to examination by the IRS and state taxing authorities, generally for three years after they were filed.
Stock-based Compensation	'	'
	Stock-based compensation	Stock-based Compensation
	Stock-based compensation is accounted for based on the requirements of the Share-Based Payment Topic of ASC 718, “Compensation — Stock Compensation”, which requires recognition in the consolidated financial statements of the cost of employee and director services received in exchange for an award of equity instruments over the period the employee or director is required to perform the services in exchange for the award (presumptively, the vesting period). The ASC also requires measurement of the cost of employee and director services received in exchange for an award based on the grant-date fair value of the award.	Stock-based compensation is accounted for based on the requirements of the Share-Based Payment Topic of ASC 718, “Compensation — Stock Compensation”, (“ASC 718”) which requires recognition in the consolidated financial statements of the cost of employee and director services received in exchange for an award of equity instruments over the period the employee or director is required to perform the services in exchange for the award (presumptively, the vesting period). ASC 718 also requires measurement of the cost of employee and director services received in exchange for an award based on the grant-date fair value of the award.
	Pursuant to ASC Topic 505-50, “Equity Based Payments to Non-employees”, for share-based payments to consultants and other third-parties, compensation expense is determined at the “measurement date.” The expense is recognized over the vesting period of the award. Until the measurement date is reached, the total amount of compensation expense remains uncertain. The Company initially records compensation expense based on the fair value of the award at the reporting date.	Pursuant to ASC Topic 505-50, “Equity Based Payments to Non-employees”, for share-based payments to consultants and other third-parties, compensation expense is determined at the “measurement date.” The expense is recognized over the vesting period of the award. Until the measurement date is reached, the total amount of compensation expense remains uncertain. The Company initially records compensation expense based on the fair value of the award at the reporting date.
Treasury Stock	'	'
	Treasury stock	Treasury Stock
	Treasury stock is accounted for using the cost method, with the purchase price of the common stock recorded separately as a deduction from stockholders’ equity.	Treasury stock is accounted for using the cost method, with the purchase price of the common stock recorded separately as a deduction from stockholders’ equity.
Recent Accounting Pronouncements	'	'
	Recent accounting pronouncements	Recent Accounting Pronouncements
	In July 2013, the FASB issued ASU 2013-11, “Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists” (“ASU 2013-11”). ASU 2013-11 provides guidance on the presentation of unrecognized tax benefits related to any disallowed portion of net operating loss carryforwards, similar tax losses, or tax credit carryforwards, if they exist.  ASU 2013-11 is effective for fiscal years beginning after December 15, 2013. The adoption of ASU 2013-11 is not expected to have a material impact on the Company’s consolidated financial statements.	In January 2014, the FASB issued ASU No. 2014-04, “Receivables-Troubled Debt Restructurings by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure (a consensus of the FASB Emerging Issues Task Force)”, which clarifies that an in substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. The amendments in this Update are effective for public business entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. Early adoption is permitted. The adoption of this amendment is not expected to have a significant impact on the Company’s consolidated financial statements.
	In June 2014, the FASB issued ASU 2014-10, “Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements”. ASU 2014-10 eliminates the distinction of a development stage entity and certain related disclosure requirements, including the elimination of inception-to-date information on the statements of operations, cash flows and stockholders’ equity. The amendments in ASU 2014-10 will be effective prospectively for annual reporting periods beginning after December 15, 2014, and interim periods within those annual periods; however early adoption is permitted. The Company evaluated and adopted ASU 2014-10 for the interim reporting period ended June 30, 2014.	In July 2013, the FASB issued ASU 2013-11, “Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists” (“ASU 2013-11”). ASU 2013-11 provides guidance on the presentation of unrecognized tax benefits related to any disallowed portion of net operating loss carryforwards, similar tax losses, or tax credit carryforwards, if they exist. ASU 2013-11 is effective for fiscal years beginning after December 15, 2013. The adoption of ASU 2013-11 is not expected to have a material impact on the Company’s consolidated financial statements.
	Other accounting standards that have been issued or proposed by FASB that do not require adoption until a future date are not expected to have a material impact on the consolidated financial statements upon adoption. The Company does not discuss recent pronouncements that are not anticipated to have an impact on or are unrelated to its financial condition, results of operations, cash flows or disclosures.	Other accounting standards that have been issued or proposed by FASB that do not require adoption until a future date are not expected to have a material impact on the consolidated financial statements upon adoption. The Company does not discuss recent pronouncements that are not anticipated to have an impact on or are unrelated to its financial condition, results of operations, cash flows or disclosures.

MARKETABLE_SECURITIES_Tables

MARKETABLE SECURITIES (Tables)	12 Months Ended
	Dec. 31, 2013
MARKETABLE SECURITIES	'
Schedule of Marketable Securities	'
	Marketable securities at December 31, 2013 and 2012 consisted of the following:
		Cost		Gross		Gross		Realized Gain from		Fair Value
				Unrealized		Unrealized		Sale of Securities
				Gains		Losses
	Marketable securities — available for sale	—		—		—		1,656,333		—
	For the year ended December 31, 2013	$	—	$	—	$	—	$	1,656,333	$	—
		Cost		Gross		Gross		Realized Gain from		Fair Value
				Unrealized		Unrealized		Sale of Securities
				Gains		Losses
	Marketable securities — available for sale	—		—		—		1,490,600		—
	For the year ended December 31, 2012	$	—	$	—	$	—	$	1,490,600	$	—

MINERAL_PROPERTIES_Tables1

MINERAL PROPERTIES (Tables) (Mineral properties)	6 Months Ended					12 Months Ended
	Jun. 30, 2014					Dec. 31, 2013
Mineral properties	'					'
Mineral properties	'					'
Schedule of Mineral Properties	'					'
		June 30,		December 31,			December 31, 2013		December 31, 2012
		2014		2013		Relief Canyon Mine — Gold Acquisition	$	8,501,071	$	8,501,071
	Relief Canyon Mine — Gold Acquisition	$	8,501,071	$	8,501,071	Relief Canyon Mine — Newmont Leased Properties	7,709,441		7,709,441
	Relief Canyon Mine — Newmont Leased Properties	7,709,441		7,709,441		Pershing Pass Property	576,400		576,400
	Pershing Pass Property	576,400		576,400
							$	16,786,912	$	16,786,912
		$	16,786,912	$	16,786,912

PROPERTY_AND_EQUIPMENT_Tables1

PROPERTY AND EQUIPMENT (Tables) (Property, Plant and Equipment other than mining properties and mineral rights)	6 Months Ended								12 Months Ended
	Jun. 30, 2014								Dec. 31, 2013
Property, Plant and Equipment other than mining properties and mineral rights	'								'
Property and equipment	'								'
Schedule of Property and Equipment	'								'
										Estimated Life	December 31, 2013			December 31, 2012
		Estimated Life	June 30,			December 31,			Furniture and fixtures	5 years	$	56,995		$	56,995
			2014			2013			Office and computer equipment	1 - 5 years	234,518			220,060
	Furniture and fixtures	5 years	$	56,995		$	56,995		Land	—	266,977			266,977
	Office and computer equipment	1 - 5 years	313,657			234,518			Building and improvements	5 - 25 years	730,068			727,965
	Land	—	266,977			266,977			Site costs	10 years	1,272,732			1,272,732
	Building and improvements	5 - 25 years	738,959			730,068			Crushing system	20 years	2,256,943			2,256,943
	Site costs	10 years	1,272,732			1,272,732			Process plant and equipment	10 years	3,169,442			3,166,280
	Crushing system	20 years	2,256,943			2,256,943			Vehicles and mining equipment	5 - 10 years	695,825			682,373
	Process plant and equipment	10 years	3,169,442			3,169,442					8,683,500			8,650,325
	Vehicles and mining equipment	5 - 10 years	695,825			695,825			Less: accumulated depreciation		(2,232,860		)	(1,263,549		)
			8,771,530			8,683,500
	Less: accumulated depreciation		(2,720,914		)	(2,232,860		)			$	6,450,640		$	7,386,776
			$	6,050,616		$	6,450,640

NOTES_PAYABLE_Tables1

NOTES PAYABLE (Tables)	6 Months Ended							12 Months Ended
	Jun. 30, 2014							Dec. 31, 2013
NOTES PAYABLE	'							'
Schedule of Notes Payable	'							'
		June 30, 2014			December 31, 2013				December 31, 2013			December 31, 2012
	Total notes payable	$	53,289		$	59,510		Total notes payable	$	59,510		$	82,546
	Less: current portion	(23,532		)	(23,036		)	Less: current portion	(23,036		)	(23,036		)
	Long term portion	$	29,757		$	36,474		Long term portion	$	36,474		$	59,510

DERIVATIVE_LIABILITY_Tables

DERIVATIVE LIABILITY (Tables)	12 Months Ended
	Dec. 31, 2013
DERIVATIVE LIABILITY	'
Schedule of assumptions used for determining the fair value of the convertible instruments under the Black-Scholes option pricing model	'
		2012
	Dividend rate	0%
	Term (in years)	2.00 - 2.17 Years
	Volatility	103% - 110%
	Risk-free interest rate	0.27% - 0.33%

STOCKHOLDERS_EQUITY_Tables1

STOCKHOLDERS' EQUITY (Tables)	6 Months Ended						12 Months Ended
	Jun. 30, 2014						Dec. 31, 2013
Stockholders' Equity	'						'
Summary of the outstanding stock options	'						'
		Number of		Weighted		Weighted		Number of		Weighted		Weighted
		Options		Average		Average		Options		Average		Average
				Exercise		Remaining				Exercise Price		Remaining
				Price		Contractual						Contractual Life
						Life						(Years)
						(Years)	Balance at December 31, 2011	3,548,000		$	1.11	8.45
	Balance at December 31, 2013	32,900,000		$	0.4	8.18	Granted	32,250,000		0.39		10
	Granted	—		—		—	Exercised	—		—		—
	Exercised	—		—		—	Forfeited	(500,000	)	0.81		8.59
	Forfeited	—		—		—	Cancelled	—		—		—
	Cancelled	—		—		—	Balance at December 31, 2012	35,298,000		0.42		9.11
	Balance at June 30, 2014	32,900,000		0.4		7.68	Granted	350,000		0.42		4.14
							Exercised	—		—		—
	Options exercisable at end of period	32,000,000		$	0.4		Forfeited	(2,748,000	)	1.17		7
	Options expected to vest through December 31, 2014	900,000					Cancelled	—		—		—
	Weighted average fair value of options granted during the period			$	—		Balance outstanding at December 31, 2013	32,900,000		$	0.4	8.18
							Options exercisable at end of year	32,000,000		$	0.4
							Options expected to vest	900,000
							Weighted average fair value of options granted during the period			$	0.24
Summary of the outstanding stock warrants	'						'
		Number of		Weighted		Weighted		Number of Warrants		Weighted Average		Weighted
		Warrants		Average		Average				Exercise Price		Average
				Exercise		Remaining						Remaining
				Price		Contractual						Contractual
						Life						Life (Years)
						(Years)	Balance at December 31, 2011	35,603,142		$	2.64	3.94
	Balance at December 31, 2013	26,244,621		$	0.45	2.22	Granted	24,482,741		0.56		4.59
	Granted	—		—		—	Cancelled	(32,430,954	)	2.83		3.86
	Cancelled	—		—		—	Forfeited	—		—		—
	Forfeited	(5,000,000	)	0.6		—	Exercised	(11,399,150	)	0.42		4.64
	Exercised	—		—		—	Balance at December 31, 2012	16,255,779		$	0.54	2.42
	Balance at June 30, 2014	21,244,621		$	0.42	2.18	Granted	13,435,590		0.4		3
							Cancelled	(3,446,748	)	0.65		0.6
	Warrants exercisable at June 30, 2014	21,244,621		$	0.42	2.18	Forfeited	—		—		—
							Exercised	—		—		—
	Weighted average fair value of warrants granted during the period			$	—		Balance at December 31, 2013	26,244,621		$	0.45	2.22
							Warrants exercisable at December 31, 2013	26,244,621		$	0.45	2.22
							Weighted average fair value of options granted during the year ended December 31, 2013			$	0.17
Convertible Series D Preferred Stock	'						'
Stockholders' Equity	'						'
Assumptions used in valuing the warrants	'						'
							Risk free interest rate (annual)	0.88	%
							Expected volatility	110	%
							Expected life	5 Years
							Assumed dividends	none
Convertible Series E Preferred Stock	'						'
Stockholders' Equity	'						'
Assumptions used in valuing the warrants	'						'
							Risk free interest rate (annual)	0.61% to 0.82%
							Expected volatility	86%
							Expected life	3 Years
							Assumed dividends	none

NET_LOSS_PER_COMMON_SHARE_Tabl1

NET LOSS PER COMMON SHARE (Tables)	6 Months Ended													12 Months Ended
	Jun. 30, 2014													Dec. 31, 2013
NET LOSS PER COMMON SHARE	'													'
Schedule of Computation of Earnings Per Share	'													'
		For the Three			For the Three			For the Six			For the Six				For the			For the
		Months			Months			Months			Months				year ended			year ended
		ended			ended			ended			ended				December 31,			December 31,
		June 30,			June 30,			June 30,			June 30,				2013			2012
		2014			2013			2014			2013
	Numerator:													Numerator:
	Net loss	$	(3,840,338	)	$	(1,987,728	)	$	(6,953,161	)	$	(5,044,226	)	Loss from continuing operations available to common stockholders	$	(18,205,047	)	$	(51,776,676	)
	Denominator:													Loss from discontinued operations	$	—		$	(50,298	)
	Denominator for basic and diluted loss per share	280,270,650			273,292,023			279,065,711			271,700,310
	(weighted-average shares)													Denominator:
														Denominator for basic and diluted loss per share (weighted-average shares)	272,620,776			219,530,283
	Net loss per common share, basic and diluted	$	(0.01	)	$	(0.01	)	$	(0.02	)	$	(0.02	)
														Loss per common share, basic and diluted:
														Loss from continuing operations	$	(0.07	)	$	(0.24	)
														Loss from discontinued operations	$	(0.00	)	$	(0.00	)
Schedule of antidilutive securities excluded from computation diluted shares outstanding	'													'
		June 30, 2014		June 30, 2013											December 31,		December 31,
	Common stock equivalents:														2013		2012
	Stock options	32,900,000		33,200,000										Common stock equivalents:
	Stock warrants	21,244,621		12,809,031										Stock options	32,900,000		35,298,000
	Convertible preferred stock	28,818,000		—										Stock warrants	26,244,621		16,255,779
		82,962,621		46,009,031										Convertible preferred stock	33,555,000		—
															92,699,621		51,553,779

DISCONTINUED_OPERATIONS_Tables

DISCONTINUED OPERATIONS (Tables)	12 Months Ended
	Dec. 31, 2013
DISCONTINUED OPERATIONS	'
Schedule of discontinued operations of the Company's sports and entertainment business	'
		December 31,		December 31,
		2013		2012
	Revenues	$	—	$	—
	Cost of sales	—		—
	Gross profit (loss)	—		—
	Operating and other non-operating expenses	—		(50,298		)
	Loss from discontinued operations	—		(50,298		)
	Gain from sale of sports and entertainment business	—		—
	Loss from discontinued operations	$	—	$	(50,298	)

COMMITMENTS_AND_CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Tables)	6 Months Ended			12 Months Ended
	Jun. 30, 2014			Dec. 31, 2013
COMMITMENTS AND CONTINGENCIES	'			'
Schedule of future minimum rental payments required under the lease	'			'
	2014	$	23,303	2014	$	46,207
	2015	15,535		2015 and thereafter	15,535
		$	38,838		$	61,742
Schedule of future minimum lease payments under mining leases	'			'
	2014	$	10,000	2014	$	10,000
	2015	10,000		2015	10,000
	2016	20,000		2016	20,000
	2017	25,000		2017	25,000
	2018	25,000		2018	25,000
	Thereafter	117,500		Thereafter	117,500
		$	207,500		$	207,500

INCOME_TAXES_Tables

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2013
INCOME TAXES	'
Summary of the differences between the Company's effective tax rate and the statutory federal rate	'
		December 31,			December 31,
		2013			2012
	Tax benefit computed at “expected” statutory rate	$	(4,795,151	)	$	(16,695,036	)
	State income taxes, net of benefit	—			—
	Permanent differences :
	Stock based compensation and consulting	866,305			240,786
	Prior year true-ups	(439,456		)	—
	Loss (gain) from change in fair value of derivative liability	—			494,700
	Amortization of debt discount, deferred financing cost, and other non-cash interest	—			3,768,000
	Stock based settlement expense	—			1,660,300
	Loss on extinguishment of debts	—			1,621,700
	Other	(17,014		)	55,334
	Increase in valuation allowance	4,385,316			8,854,216
	Net income tax benefit	$	—		$	—
Summary of the differences between the Company's effective tax rate and the statutory federal rate	'
		December 31,		December 31,
		2013		2012
	Computed “expected” tax expense (benefit)	(34.0	)%	(34.0	)%
	State income taxes	0	%	0	%
	Permanent differences	2.91	%	15.5	%
	Change in valuation allowance	31.09	%	18.5	%
	Effective tax rate	0	%	0	%
Summary of deferred tax asset	'
		December 31,			December 31,
		2013			2012
	Net operating loss carryover	$	9,812,057		$	6,694,996
	Stock based compensation	7,461,894			6,940,860
	Stock held for sale	—			(1,131,290		)
	Depreciable and depletable assets	(469,134		)	1,145,470
	Mining explorations	620,492			836,910
	Capital loss carryforward	1,482,863			271,490
	Other	6,800			(228,780		)
	Less: valuation allowance	(18,914,972		)	(14,529,656		)
	Net deferred tax asset	$	—		$	—

ORGANIZATION_AND_DESCRIPTION_O6

ORGANIZATION AND DESCRIPTION OF BUSINESS (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013	Sep. 03, 2011
	item	item	Empire
ORGANIZATION AND DESCRIPTION OF BUSINESS	'	'	'
Number of Company's properties contain proven and probable reserves	0	0	'
Discontinued operations	'	'	'
Sold equity ownership interest in Capital Hoedown (as a percent)	'	'	66.67%
Price for the sale	'	'	$500,000

ORGANIZATION_AND_DESCRIPTION_O7

ORGANIZATION AND DESCRIPTION OF BUSINESS (Details 2) (USD $)	12 Months Ended	28 Months Ended	0 Months Ended
	Dec. 31, 2012	Dec. 31, 2013	Aug. 30, 2011
			Gold Acquisition
			Relief Canyon
Acquisition	'	'	'
Acquisition of Relief Canyon, paid in cash	$2,576,400	$2,576,400	$12,000,000
Acquisition of Relief Canyon, convertible notes issued	'	'	$8,000,000

ORGANIZATION_AND_DESCRIPTION_O8

ORGANIZATION AND DESCRIPTION OF BUSINESS (Details 3) (Pershing Royalty Company)	17-May-12
	item
Pershing Royalty Company	'
Investment holding	'
Number of gold exploration properties	2

ORGANIZATION_AND_DESCRIPTION_O9

ORGANIZATION AND DESCRIPTION OF BUSINESS (Details 4) (USD $)	4 Months Ended	6 Months Ended	12 Months Ended		28 Months Ended	1 Months Ended
	Dec. 31, 2011	Jun. 30, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Aug. 31, 2013	Aug. 31, 2013	Aug. 31, 2013	Aug. 31, 2013
						Convertible Series E Preferred Stock	Exchange Of Related Party Debt Transaction	Exchange Of Related Party Debt Transaction	Exchange Of Related Party Debt Transaction
							Barry Honig, Board Member	Warrants	Convertible Series E Preferred Stock
								Barry Honig, Board Member	Barry Honig, Board Member
ORGANIZATION AND DESCRIPTION OF BUSINESS	'	'	'	'	'	'	'	'	'
Net loss	$11,791,302	$7,000,000	$14,103,388	$49,103,047	$74,825,220	'	'	'	'
Net cash used in operations	'	4,600,000	7,242,764	9,943,307	19,148,530	'	'	'	'
Total accumulated deficit since inception	'	-107,000,000	-100,000,000	'	'	'	'	'	'
Going Concern	'	'	'	'	'	'	'	'	'
Shares issued in private placement	'	'	'	'	'	10,533	'	'	'
Net proceeds from private placement	'	'	10,227,079	1,000,000	14,511,475	10,200,000	'	'	'
Number of shares issued in exchange for outstanding principal and accrued interest to related party	'	'	'	'	'	'	652	'	652
Number of warrants issued in exchange for outstanding principal and accrued interest to related party (in shares)	'	'	'	'	'	'	'	782,400	'
Amount owed by the Company under a Credit Facility Agreement to related party	'	'	'	'	'	'	$646,000	'	'

SUMMARY_OF_SIGNIFICANT_ACCOUNT5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)	3 Months Ended		6 Months Ended		12 Months Ended		28 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'	'	'	'	'	'	'
Prepaid expenses	$399,032	'	$399,032	'	$582,278	$502,837	$582,278
Exploration cost	$1,346,699	$299,603	$1,881,425	$715,075	$3,204,629	$5,221,001	$10,225,652
Minimum	'	'	'	'	'	'	'
Property and equipment	'	'	'	'	'	'	'
Estimated useful life	'	'	'1 year	'	'1 year	'	'
Maximum	'	'	'	'	'	'	'
Property and equipment	'	'	'	'	'	'	'
Estimated useful life	'	'	'25 years	'	'25 years	'	'

ACQUISITION_DISPOSITION_AND_DE1

ACQUISITION, DISPOSITION AND DECONSOLIDATION (Details) (Continental Resources)	0 Months Ended
	Mar. 02, 2013
Continental Resources	'
Related party transactions	'
Distribution of shares to Continental shareholders	76,095,215

ACQUISITION_DISPOSITION_AND_DE2

ACQUISITION, DISPOSITION AND DECONSOLIDATION (Details 2) (USD $)

12 Months Ended

28 Months Ended

1 Months Ended

11 Months Ended

12 Months Ended

4 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

1 Months Ended

12 Months Ended

Dec. 31, 2012

Dec. 31, 2013

Jan. 31, 2013

Dec. 31, 2012

Jan. 31, 2013

Dec. 31, 2013

Jan. 31, 2012

31-May-13

24-May-12

Jan. 26, 2012

Dec. 31, 2012

Dec. 31, 2013

Jul. 26, 2012

Jan. 26, 2012

24-May-12

Nov. 30, 2012

Dec. 31, 2012

Amicor common stock

Amicor common stock

Amicor common stock

Amicor common stock

Amicor common stock

Valor Gold common stock

Valor Gold common stock

Sale of Uranium Exploration Properties

Sale of Uranium Exploration Properties

Sale of Uranium Exploration Properties

Sale of Uranium Exploration Properties

Sale of Uranium Exploration Properties

Sale of Gold Exploration Properties

Sale of Gold Exploration Properties

Sale of Gold Exploration Properties

Amicor

Amicor

Amicor

Amicor

Amicor

Valor Gold

Valor Gold

Valor Gold

Amicor common stock

property

Sale of exploration properties

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Purchase price of Option Agreement for sale of property

'

'

'

'

'

'

'

'

'

'

'

'

'

$10

'

'

'

Cash paid for acquisition

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$2,000,000

'

'

Purchase price of properties sold, shares

'

'

'

'

'

'

'

'

'

10,000,000

'

'

'

'

'

'

'

Interest rate on note receivable issued in sale of gold properties

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5.00%

'

'

Purchase price of properties sold, promissory note

'

'

'

'

'

'

'

'

'

1,000,000

'

'

'

'

500,000

'

'

Promissory note term from the issuance date

'

'

'

'

'

'

'

'

'

'6 months

'

'

'

'

'18 months

'

'

Amount collected from note receivable

1,430,000

1,430,000

'

'

'

'

'

'

'

'

930,000

'

'

'

'

500,000

'

Amount to be raised in private placement by Amicor on or before July 26, 2012 for determination of payment on note receivable remaining balance

'

'

'

'

'

'

'

'

'

1,000,000

'

'

'

'

'

'

'

Final amount due under the note which Amicor was not required to pay

'

'

'

'

'

'

'

'

'

'

'

'

70,000

'

'

'

'

Notes receivable, net

'

'

'

'

'

'

'

'

'

'

'

0

'

'

'

'

'

Fair value of the claims exchanged

'

'

'

'

'

'

'

'

'

'

0

'

'

'

'

'

'

Gain from the sale of uranium assets

930,000

930,000

'

'

'

'

'

'

'

'

930,000

'

'

'

'

'

'

Marketable securities - available for sale

'

0

'

'

'

0

0

'

83,333

'

'

'

'

'

'

'

'

Number of common shares sold

'

'

1,513,333

8,486,667

10,000,000

'

'

25,000,000

'

'

'

'

'

'

'

'

'

Net proceeds received from the sale of marketable securities

'

'

151,333

1,490,600

1,641,933

'

'

1,505,000

'

'

'

'

'

'

'

'

'

Number of Lander County, Nevada exploration properties sold

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2

'

'

Gain from sale of subsidiaries

$2,500,000

$2,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$2,500,000

Percentage of outstanding common stock acquired

'

'

'

'

'

'

'

'

'

'

'

'

'

'

38.60%

'

'

MARKETABLE_SECURITIES_Details1

MARKETABLE SECURITIES (Details) (USD $)

1 Months Ended

6 Months Ended

12 Months Ended

28 Months Ended

1 Months Ended

11 Months Ended

12 Months Ended

4 Months Ended

0 Months Ended

Apr. 30, 2012

Jun. 30, 2014

Jun. 30, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Jan. 31, 2013

Dec. 31, 2012

Jan. 31, 2013

Dec. 31, 2013

Jan. 31, 2012

31-May-13

24-May-12

Jan. 26, 2012

Amicor common stock

Amicor common stock

Amicor common stock

Amicor common stock

Amicor common stock

Valor Gold common stock

Valor Gold common stock

Sale of Uranium Exploration Properties

Amicor

Marketable securities

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Cost

'

'

'

$0

'

$0

'

'

'

$0

$0

'

$83,333

'

Gross Unrealized Gains

'

'

'

0

'

'

'

'

'

'

'

'

'

'

Gross Unrealized Losses

'

'

'

0

'

'

'

'

'

'

'

'

'

'

Realized Gain from Sale of Securities

'

0

1,656,333

1,656,333

1,490,600

'

'

'

'

'

'

'

'

'

Fair Value

'

'

'

0

'

0

'

'

'

'

'

'

'

'

Cost basis of marketable securities - trading sold

100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Net proceeds generated

'

'

'

'

'

'

151,333

1,490,600

1,641,933

'

'

1,505,000

'

'

Net proceeds generated from sale of marketable securities-trading

119,702

'

'

'

'

3,266,635

'

'

'

'

'

'

'

'

Realized gain - trading securities

'

'

'

'

$19,702

$19,702

'

'

'

'

'

'

'

'

Number of restricted shares of common stock received

'

'

'

'

'

'

'

'

'

'

'

'

'

10,000,000

Shares sold

'

'

'

'

'

'

1,513,333

8,486,667

10,000,000

'

'

25,000,000

'

'

MINERAL_PROPERTIES_Details1

MINERAL PROPERTIES (Details) (USD $)

Jun. 30, 2014

Dec. 31, 2013

Dec. 31, 2012

Nov. 30, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Dec. 31, 2012

Jun. 30, 2014

Dec. 31, 2013

Dec. 31, 2012

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Dec. 31, 2012

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Apr. 05, 2012

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Third party

BLM

BLM

Relief Canyon Mine- Gold Acquisition

Relief Canyon Mine- Gold Acquisition

Relief Canyon Mine- Gold Acquisition

Pershing Pass Property

Pershing Pass Property

Pershing Pass Property

Pershing Pass Property

Pershing Pass Property

Pershing Pass Property

Pershing Pass Property

Pershing Pass Property

Pershing Pass Property

Pershing Pass Property

Pershing Pass Property

Pershing Pass Property

Pershing Pass Property

Pershing Pass Property

Pershing Pass Property

Pershing Pass Property

Pershing Pass Property

Pershing Pass Property

Pershing Pass Property

Pershing Pass Property

Relief Canyon Mine- Newmont Leased Properties

Relief Canyon Mine- Newmont Leased Properties

Relief Canyon Mine- Newmont Leased Properties

Relief Canyon Mine- Newmont Leased Properties

Relief Canyon Mine- Newmont Leased Properties

Relief Canyon Mine- Newmont Leased Properties

Relief Canyon Mine- Newmont Leased Properties

Relief Canyon Mine- Newmont Leased Properties

Relief Canyon Mine- Newmont Leased Properties

Relief Canyon Mine- Newmont Leased Properties

Relief Canyon Mine- Newmont Leased Properties

Relief Canyon Mine- Newmont Leased Properties

Relief Canyon Mine- Newmont Leased Properties

Relief Canyon Mine- Newmont Leased Properties

Relief Canyon Mine- Newmont Leased Properties

Relief Canyon Mine- Newmont Leased Properties

Relief Canyon Mine- Newmont Leased Properties

Relief Canyon Mine- Newmont Leased Properties

column

column

claim

claim

Silver Scott Mines

Silver Scott Mines

Victoria Gold

Victoria Gold

Third party

Third party

Wolf Pack Gold (Nevada) Corp

Wolf Pack Gold (Nevada) Corp

Wolf Pack Gold (Nevada) Corp

Minimum

Minimum

Minimum

Minimum

Minimum

Minimum

Maximum

Maximum

2006 Mineral Lease and Sublease

2006 Mineral Lease and Sublease

1994 Mining Lease

1994 Mining Lease

1999 Mining Lease

1999 Mining Lease

Victoria Gold

Victoria Gold

Victoria Gold

Newmont USA Ltd.

Newmont USA Ltd.

Minimum

Minimum

Maximum

Maximum

millsite

pond

acre

acre

acre

item

item

acre

item

item

acre

item

item

item

item

Wolf Pack Gold (Nevada) Corp

Wolf Pack Gold (Nevada) Corp

Wolf Pack Gold (Nevada) Corp

Wolf Pack Gold (Nevada) Corp

acre

acre

acre

acre

item

item

item

acre

item

Newmont USA Ltd.

Newmont USA Ltd.

Newmont USA Ltd.

Newmont USA Ltd.

pond

millsite

item

acre

acre

item

item

Starting September 2016 till September 2023

Starting September 2023 till September 2028

Starting September 2028 till September 2033

Sep-33

claim

item

acre

2006 Mineral Lease and Sublease

2006 Mineral Lease and Sublease

2006 Mineral Lease and Sublease

2006 Mineral Lease and Sublease

mine

claim

acre

claim

cell

cell

mine

Mineral properties

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Unpatented Lode Mining Claims Owned

'

'

'

'

'

'

164

164

'

'

'

'

490

490

283

283

17

17

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

283

155

155

'

'

'

'

Unpatented Millsites owned

'

'

'

'

'

'

120

120

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of open pit mines

'

'

'

'

'

'

3

3

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of cells included in heap leach pads

'

'

'

'

'

'

6

6

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of solution ponds

'

'

'

'

'

'

2

2

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of carbon columns included in ADR

'

'

'

'

'

'

4

4

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net Smelter Return Royalty Percentage

'

'

'

'

'

'

2.00%

2.00%

'

'

'

'

'

'

'

'

2.00%

2.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2.00%

2.00%

2.00%

2.00%

3.00%

3.00%

5.00%

5.00%

Unpatented mining claims owned that the Company located during mid 2012

'

'

'

'

'

'

'

'

'

17

17

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Private lands leased (in acres)

'

'

'

'

'

'

'

'

'

635

635

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Primary term of the lease

'

'

'

'

'

'

'

'

'

'10 years

'10 years

'

'

'

'

'

'

'

'10 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Royalty percentage on all metals produced other than gold

'

'

'

'

'

'

'

'

'

2.00%

2.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Royalty percentage on gold if gold prices are less than $500 per ounce

'

'

'

'

'

'

'

'

'

2.00%

2.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Gold price (per ounce)

'

'

'

'

'

'

'

'

'

500

500

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Royalty percentage on gold if gold prices are over $1,500 per ounce

'

'

'

'

'

'

'

'

'

3.50%

3.50%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Gold price (per ounce)

'

'

'

'

'

'

'

'

'

1,500

1,500

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Royalty percentage on gold production that the entity can repurchase

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3.00%

3.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Rate at which the entity can repurchase royalty percentage of gold

'

'

'

'

'

'

'

'

'

$600,000

$600,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Each royalty percentage that the company can repurchase at specified rate

'

'

'

'

'

'

'

'

'

1.00%

1.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Unpatented mining claims owned

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

19

'

'

700

700

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

62

62

'

'

'

'

'

'

'

Royalty percentage on precious metals

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Royalty percentage on all other materials excluding precious metals

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.50%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Advance royalty required to pay per year

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

10,000

12,500

15,000

20,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of unpatented mining claims that can be acquired by the Company if purchase option is exercised

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

19

19

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Purchase price for acquisition of unpatented mining claims

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

250,000

250,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Acres of Property

'

'

'

'

'

'

'

'

'

12,000

12,000

'

9,700

9,700

5,660

5,660

'

'

400

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

13,300

2,800

2,800

'

'

'

'

Area of properties held under leases and subleases

'

'

'

'

'

'

'

'

'

600

600

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

8,900

'

'

'

'

'

'

Unpatented mining claims owned on which royalty owed to Victoria Gold

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

221

'

'

'

'

'

'

Adjustment to the carrying value of mineral rights

0

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Acres of privately-owned fee minerals leased (in acres)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4,900

4,900

'

'

'

'

Amount required to be spent in exploration expenses in 2013

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,000,000

1,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Amount required to be spent in exploration expenses per year

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

500,000

500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Rental payment per acre per year

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

10

10

'

'

'

'

'

'

'

'

'

'

'

'

'

Increase in rental payments per year (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5.00%

5.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

Amount of annual rent payable if the Company elects not to or fails to incur minimum specific amount in exploration expenditures

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

100,000

100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Additional direct drilling expenditures required in 2017 in order to avoid the annual rental payment requirement

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

500,000

500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Minimum monthly average gold price for which 5% net smelter royalty would apply (per ounce)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

400

400

'

'

'

'

'

'

'

'

'

'

'

'

'

Net smelter return royalty percentage on specified acres of leased properties (in acres)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2.50%

2.50%

3.50%

3.50%

'

'

'

'

'

'

'

'

'

Acres of leased property on which royalty percentage apply (in acres)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

800

800

495

495

'

'

'

'

'

'

'

'

'

Statewide bond

'

'

'

'

5,000,000

5,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Excess amount of the current coverage requirement to reclaim land disturbed in exploration and mining operations

'

'

'

'

300,000

300,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Amount of the bonds written

'

'

'

5,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Restricted cash required to be maintained as a percentage of the value of the bonds

'

'

'

45.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Restricted cash

2,250,000

2,250,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total Mineral Properties

$16,786,912

$16,786,912

$16,786,912

'

'

'

$8,501,071

$8,501,071

$8,501,071

$576,400

$576,400

$576,400

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$7,709,441

$7,709,441

$7,709,441

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

PROPERTY_AND_EQUIPMENT_Details1

PROPERTY AND EQUIPMENT (Details) (USD $)	6 Months Ended		12 Months Ended		28 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013
Property and equipment	'	'	'	'	'
Total property and equipment, gross	$8,771,530	'	$8,683,500	$8,650,325	$8,683,500
Less: accumulated depreciation	-2,720,914	'	-2,232,860	-1,263,549	-2,232,860
Total property and equipment, net	6,050,616	'	6,450,640	7,386,776	6,450,640
Depreciation	488,054	487,905	969,311	992,648	2,287,887
Minimum	'	'	'	'	'
Property and equipment	'	'	'	'	'
Estimated Life	'1 year	'	'1 year	'	'
Maximum	'	'	'	'	'
Property and equipment	'	'	'	'	'
Estimated Life	'25 years	'	'25 years	'	'
Furniture and fixtures	'	'	'	'	'
Property and equipment	'	'	'	'	'
Estimated Life	'5 years	'	'5 years	'	'
Total property and equipment, gross	56,995	'	56,995	56,995	56,995
Office and computer equipment	'	'	'	'	'
Property and equipment	'	'	'	'	'
Total property and equipment, gross	313,657	'	234,518	220,060	234,518
Office and computer equipment | Minimum	'	'	'	'	'
Property and equipment	'	'	'	'	'
Estimated Life	'1 year	'	'1 year	'	'
Office and computer equipment | Maximum	'	'	'	'	'
Property and equipment	'	'	'	'	'
Estimated Life	'5 years	'	'5 years	'	'
Land	'	'	'	'	'
Property and equipment	'	'	'	'	'
Total property and equipment, gross	266,977	'	266,977	266,977	266,977
Building and improvements	'	'	'	'	'
Property and equipment	'	'	'	'	'
Total property and equipment, gross	738,959	'	730,068	727,965	730,068
Building and improvements | Minimum	'	'	'	'	'
Property and equipment	'	'	'	'	'
Estimated Life	'5 years	'	'5 years	'	'
Building and improvements | Maximum	'	'	'	'	'
Property and equipment	'	'	'	'	'
Estimated Life	'25 years	'	'25 years	'	'
Site costs	'	'	'	'	'
Property and equipment	'	'	'	'	'
Estimated Life	'10 years	'	'10 years	'	'
Total property and equipment, gross	1,272,732	'	1,272,732	1,272,732	1,272,732
Crushing system	'	'	'	'	'
Property and equipment	'	'	'	'	'
Estimated Life	'20 years	'	'20 years	'	'
Total property and equipment, gross	2,256,943	'	2,256,943	2,256,943	2,256,943
Process plant and equipment	'	'	'	'	'
Property and equipment	'	'	'	'	'
Estimated Life	'10 years	'	'10 years	'	'
Total property and equipment, gross	3,169,442	'	3,169,442	3,166,280	3,169,442
Vehicles and mining equipment	'	'	'	'	'
Property and equipment	'	'	'	'	'
Total property and equipment, gross	$695,825	'	$695,825	$682,373	$695,825
Vehicles and mining equipment | Minimum	'	'	'	'	'
Property and equipment	'	'	'	'	'
Estimated Life	'5 years	'	'5 years	'	'
Vehicles and mining equipment | Maximum	'	'	'	'	'
Property and equipment	'	'	'	'	'
Estimated Life	'10 years	'	'10 years	'	'

NOTES_PAYABLE_Details1

NOTES PAYABLE (Details) (USD $)	12 Months Ended	28 Months Ended		1 Months Ended	6 Months Ended	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2013	Jun. 30, 2014	Mar. 31, 2012	Jun. 30, 2014	Dec. 31, 2013	Aug. 31, 2012
				Bridge Note	Note payable	Note payable	Note payable
					item	item
Notes payable	'	'	'	'	'	'	'
Proceeds from issuance of debt	$500,000	$500,000	'	$500,000	'	'	'
Interest rate (as a percent)	'	'	'	5.00%	7.00%	7.00%	'
Number of equal monthly payments of the debt	'	'	'	'	48	48	'
Frequency of payments of the debt	'	'	'	'	'monthly	'monthly	'
Monthly payments of the debt	'	'	'	'	2,226	2,226	'
Notes payable - short and long term portion	'	'	'	'	'	'	'
Total Notes Payable	82,546	59,510	53,289	'	'	'	92,145
Less: current portion	-23,036	-23,036	-23,532	'	'	'	'
Long term portion	$59,510	$36,474	$29,757	'	'	'	'

CONVERTIBLE_PROMISSORY_NOTES_D

CONVERTIBLE PROMISSORY NOTES (Details) (USD $)

12 Months Ended

28 Months Ended

0 Months Ended

1 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

2 Months Ended

0 Months Ended

0 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Jun. 30, 2014

Mar. 30, 2012

Feb. 21, 2012

Jun. 30, 2012

Dec. 31, 2012

Jun. 30, 2014

Dec. 31, 2013

Mar. 30, 2012

Mar. 30, 2012

Dec. 31, 2013

Dec. 31, 2012

Oct. 31, 2011

Aug. 30, 2011

Mar. 30, 2012

Dec. 31, 2012

Mar. 30, 2012

Dec. 31, 2012

Feb. 23, 2012

Feb. 23, 2012

Feb. 23, 2012

Mar. 29, 2014

Dec. 31, 2012

Feb. 23, 2012

Feb. 23, 2012

Feb. 23, 2012

Mar. 30, 2012

Mar. 30, 2012

Mar. 30, 2012

Dec. 31, 2012

Mar. 30, 2012

Mar. 30, 2012

Dec. 31, 2012

Mar. 30, 2012

Mar. 30, 2012

Dec. 31, 2012

Dec. 31, 2013

Feb. 23, 2012

Aug. 30, 2011

Feb. 23, 2012

Mar. 30, 2012

Feb. 23, 2012

Feb. 23, 2012

Feb. 23, 2012

Feb. 23, 2012

Feb. 23, 2012

Feb. 23, 2012

Feb. 23, 2012

Feb. 23, 2012

Mar. 30, 2012

Sep. 14, 2011

Dec. 31, 2012

Mar. 30, 2012

Convertible Series D Preferred Stock

Convertible Series D Preferred Stock

Convertible Series D Preferred Stock

Convertible Series D Preferred Stock

Convertible Series D Preferred Stock

Convertible Series D Preferred Stock

FGIT

March Note Assignment and Assumption Agreement

Senior secured convertible promissory note

Senior secured convertible promissory note

Senior secured convertible promissory note

Senior secured convertible promissory note

Senior secured convertible promissory note

Senior secured convertible promissory note

Senior secured convertible promissory note

Senior secured convertible promissory note

Senior secured convertible promissory note

Senior secured convertible promissory note

Senior secured convertible promissory note

Senior secured convertible promissory note

Senior secured convertible promissory note

Senior secured convertible promissory note

Senior secured convertible promissory note

Senior secured convertible promissory note

Senior secured convertible promissory note

Senior secured convertible promissory note

Senior secured convertible promissory note

Senior secured convertible promissory note

Senior secured convertible promissory note

Senior secured convertible promissory note

Senior secured convertible promissory note

Senior secured convertible promissory note

Senior secured convertible promissory note

Senior secured convertible promissory note

Senior secured convertible promissory note

Senior secured convertible promissory note

Senior secured convertible promissory note

Senior secured convertible promissory note

Senior secured convertible promissory note

Senior secured convertible promissory note

Senior secured convertible promissory note

Senior secured convertible promissory note

Senior secured convertible promissory note

Senior secured convertible promissory note

Senior secured convertible promissory note

Senior secured convertible promissory note

Senior secured convertible promissory note

9% Secured Promissory Note

9% Secured Promissory Note

9% Secured Promissory Note

9% Secured Promissory Note

Convertible Series D Preferred Stock

Convertible Series D Preferred Stock

item

FGIT

FGIT

FGIT

FGIT

Assignment and Assumption Agreement

Assignment and Assumption Agreement

Assignment and Assumption Agreement

Note Modification Agreements

Note Modification Agreements

Note Modification Agreements

Note Modification Agreements

Note Modification Agreements

Note Amendments

Note Amendments

March Note Assignment and Assumption Agreement

March Note Assignment and Assumption Agreement

March Note Assignment and Assumption Agreement

March Note Assignment and Assumption Agreement

March Note Assignment and Assumption Agreement

March Note Assignment and Assumption Agreement

March Note Assignment and Assumption Agreement

March Note Assignment and Assumption Agreement

Relief Canyon

Platinum and Lakewood

Platinum and Lakewood

Platinum and Lakewood

Platinum and Lakewood

Platinum

Platinum

Platinum

Platinum

Lakewood

Lakewood

Lakewood

Lakewood

Convertible Series D Preferred Stock

Convertible Series D Preferred Stock

Convertible Series D Preferred Stock

Assignee one

Assignee two

Common stock

Warrant

Common stock

Common stock

Convertible Series D Preferred Stock

Convertible Series D Preferred Stock

Assignee one

Assignee one

Assignee one

Assignment and Assumption Agreement

Note Amendments

Convertible Series D Preferred Stock

Assignment and Assumption Agreement

Note Modification Agreements

Note Modification Agreements

Convertible Series D Preferred Stock

Assignment and Assumption Agreement

Note Modification Agreements

Note Modification Agreements

Common stock

Common stock

Common stock

Warrant

Common stock

Warrant

CONVERTIBLE PROMISSORY NOTES

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Amount of debt issued

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$8,000,000

'

'

'

'

'

'

'

'

'

'

'

$1,715,604

'

'

Interest rate (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

9.00%

'

'

'

'

'

'

'

9.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

9.00%

'

'

Period after Company or Gold Acquisition begins producing or extracting gold from mine used to determine payment of principal and interest

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'3 months

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Period from Commencement Date used to determine payment of principal and interest

'

'

'

'

'

'

'

'

'

'

'

'

'18 months

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'30 months

'

'

Number of monthly installments for payment of principal

'

'

'

'

'

'

'

'

'

'

'

'

12

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Conversion price (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$0.40

$0.55

$0.35

'

'

'

'

'

'

'

'

$0.40

'

'

$0.35

'

$0.35

'

'

'

'

$0.35

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$0.35

$0.50

'

'

Price of common stock (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$0.40

'

'

'

'

'

'

'

'

'

'

'

'

$0.49

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Prepaid of notes

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,039,771

'

'

'

800,000

'

'

'

200,000

'

'

'

'

'

'

'

Amount of debt assigned

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,400,000

1,600,000

'

'

'

'

'

'

'

2,992,014

'

'

'

'

'

'

'

'

'

'

4,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Amount of debt retained by assignors

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,368,183

'

'

'

592,046

'

'

'

'

'

'

Warrants issued under agreement (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5,180,400

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4,144,320

'

'

'

1,036,080

'

'

'

'

Shares of common stock issued under agreement

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,600,000

'

'

'

400,000

'

'

'

'

'

Warrants exercised price (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$0.40

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of common stock issued for exercise of warrants

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,967,143

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fair market value of common stock on the date of grant (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$0.49

'

'

'

'

'

$0.55

'

'

'

$0.55

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fair market value of common stock on the date of grant

'

978,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

978,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fair market value of warrants on the date of grant (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$0.39

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fair market value of warrants on the date of grant

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,044,186

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Assumptions used to calculate fair value of the warrant

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Stock price (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$0.40

'

'

'

'

'

'

'

'

'

'

'

'

$0.49

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Volatility (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

110.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Expected life

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'5 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Risk free interest rate (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.88%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Interest expenses in connection with the Modification Agreement

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3,022,186

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Current principal amount of debt

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,697,729

'

'

'

'

'

'

'

'

'

'

'

2,960,229

'

'

'

'

'

'

'

'

'

'

'

'

Amount of debt that can be converted in exchange of common stock

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

262,500

'

1,892,014

'

'

'

'

1,600,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,015,604

'

'

'

Number of stock issued upon conversion (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,421,600

'

'

'

'

'

'

'

'

'

'

750,000

'

'

5,405,754

1,100,000

'

'

4,612,571

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,024,744

Conversion price before amendment (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$0.40

'

'

'

'

'

'

'

'

'

'

'

$0.40

'

$0.40

'

'

'

'

$0.40

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$0.40

'

'

'

Loss from extinguishment of debts

'

-4,769,776

-4,769,776

'

'

'

'

'

'

'

'

'

'

'

'

'

475,671

787,319

'

'

'

'

'

'

'

'

'

'

51,563

'

529,911

294,285

615,138

'

357,635

317,114

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

483,094

'

333,168

'

Fair market value of common stock issued upon conversion

'

12,958,913

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3,256,252

'

'

'

'

524,878

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Amount of aggregate purchase price payable by Assignees waived by original issuer

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

264,238

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Value of embedded beneficial conversion feature

'

168,163

1,883,767

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

294,285

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fair value of debt

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

168,163

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Additional number of shares that assignee received upon conversion

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

501,021

'

'

'

'

'

'

'

'

'

'

'

'

'

1,118,432

227,586

'

'

954,325

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

212,017

Amount of remaining assigned debt amended

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,400,000

'

'

'

'

'

'

'

'

'

'

'

'

'

1,100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Stated value (in dollars per share)

$0.00

$0.00

$0.00

$0.00

'

'

'

$0.00

$0.00

$0.00

$1

$1

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$1

'

'

'

Conversion price of stock (in dollars per share)

'

'

'

'

$0.35

$0.40

$0.32

'

'

'

'

$0.35

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Preferred stock deemed dividend

4,101,659

2,702,777

10,088,832

'

79,278

'

'

537,499

'

'

'

'

'

'

'

'

'

'

'

286,298

'

'

'

'

'

'

'

'

'

'

'

'

'

'

130,049

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

121,152

'

Accrued and unpaid interest

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

21,600

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

14,400

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

9,140

'

'

'

Unamortized debt discount

'

'

'

'

'

'

'

'

'

'

'

'

'

$6,933,333

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$897,117

'

Period following payment and/or conversion in full used to determine payment of principal and interest

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'10 days

'

'

Price of debt instruments which may be pre-paid, in full or in part, as a percentage of aggregate principal amount

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

105.00%

'

'

DERIVATIVE_LIABILITY_Details

DERIVATIVE LIABILITY (Details) (USD $)	12 Months Ended	28 Months Ended	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2012	Dec. 31, 2012
			9% senior convertible promissory notes	9% senior convertible promissory notes	9% senior convertible promissory notes	9% senior convertible promissory notes
					Minimum	Maximum
DERIVATIVE LIABILITY	'	'	'	'	'	'
Interest rate (as a percent)	'	'	9.00%	'	'	'
Gain (loss) resulting from the decrease (increase) in fair value of derivative liability	($1,454,889)	$5,447,917	$0	($1,454,889)	'	'
Amount of derivative liability reclassified to paid-in capital due to the conversion of the senior convertible promissory notes into common stock	'	'	'	$7,750,289	'	'
Assumptions used for determining the fair value of the convertible instruments under the Black-Scholes option pricing model	'	'	'	'	'	'
Dividend rate (as a percent)	'	'	'	0.00%	'	'
Term	'	'	'	'	'2 years	'2 years 2 months 1 day
Volatility (as a percent)	'	'	'	'	103.00%	110.00%
Risk-free interest rate (as a percent)	'	'	'	'	0.27%	0.33%

RELATED_PARTY_TRANSACTIONS_Det1

RELATED PARTY TRANSACTIONS (Details) (USD $)	Dec. 31, 2012	Feb. 28, 2011	Oct. 31, 2012	Dec. 31, 2011	Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2012	Jan. 31, 2013	Jun. 30, 2013	Dec. 31, 2013	Dec. 31, 2012
		Barry Honig [Member]	Barry Honig [Member]	Barry Honig [Member]	Barry Honig [Member]	Barry Honig [Member]	Barry Honig [Member]	Continental Resources	Continental Resources	Continental Resources	Continental Resources
Related party transactions	'	'	'	'	'	'	'	'	'	'	'
Proceeds from debt advanced	'	$2,250,000	'	'	'	'	'	'	'	'	'
Payments on notes in advance	'	'	'	1,688,250	'	'	'	'	'	'	'
Extinguished debt	'	'	75,500	'	'	'	'	'	'	'	'
Principle amount of note payable	486,250	'	486,250	'	0	'	486,250	'	'	'	'
Accrued interest and fees	'	'	'	'	0	159,230	142,164	'	'	'	'
Distribution to former parent company	'	'	'	'	'	'	'	$15,066	$15,066	$15,066	$611,589

STOCKHOLDERS_EQUITY_Details1

STOCKHOLDERS' EQUITY (Details) (USD $)

12 Months Ended

28 Months Ended

1 Months Ended

12 Months Ended

12 Months Ended

0 Months Ended

1 Months Ended

6 Months Ended

12 Months Ended

12 Months Ended

0 Months Ended

1 Months Ended

2 Months Ended

1 Months Ended

0 Months Ended

1 Months Ended

3 Months Ended

2 Months Ended

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Aug. 31, 2013

Dec. 31, 2012

Oct. 31, 2011

Dec. 31, 2012

Dec. 31, 2012

Feb. 23, 2012

Feb. 23, 2012

Feb. 23, 2012

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Jun. 30, 2014

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Jun. 30, 2014

Dec. 31, 2013

Dec. 31, 2012

Sep. 29, 2011

Mar. 30, 2012

Feb. 23, 2012

Feb. 21, 2012

Jun. 30, 2012

Jun. 30, 2014

Dec. 31, 2012

Dec. 31, 2013

Apr. 11, 2012

Dec. 31, 2012

Feb. 23, 2012

Feb. 23, 2012

Feb. 23, 2012

Aug. 05, 2013

Apr. 30, 2014

Aug. 31, 2013

Mar. 31, 2014

Jun. 30, 2014

Dec. 31, 2013

Dec. 31, 2012

Aug. 31, 2013

Aug. 31, 2013

Aug. 31, 2013

Aug. 31, 2013

Aug. 31, 2013

Aug. 31, 2013

Aug. 31, 2013

Jun. 19, 2012

Jun. 30, 2012

Apr. 30, 2012

Mar. 31, 2012

Dec. 31, 2011

Dec. 31, 2011

Feb. 29, 2012

Minimum

Exchange Of Related Party Debt Transaction

Senior secured convertible promissory note

Senior secured convertible promissory note

Senior secured convertible promissory note

Senior secured convertible promissory note

Warrant to purchase common stock

Warrant to purchase common stock

Warrant to purchase common stock

Preferred Stock

Preferred Stock

Convertible Series A Preferred Stock

Convertible Series A Preferred Stock

Convertible Series A Preferred Stock

Convertible Series A Preferred Stock

Convertible Series B Preferred Stock

Convertible Series B Preferred Stock

Convertible Series B Preferred Stock

Convertible Series B Preferred Stock

Convertible Series C Preferred Stock

Convertible Series C Preferred Stock

Convertible Series C Preferred Stock

Convertible Series C Preferred Stock

Convertible Series D Preferred Stock

Convertible Series D Preferred Stock

Convertible Series D Preferred Stock

Convertible Series D Preferred Stock

Convertible Series D Preferred Stock

Convertible Series D Preferred Stock

Convertible Series D Preferred Stock

Convertible Series D Preferred Stock

Convertible Series D Preferred Stock

Convertible Series D Preferred Stock

Convertible Series D Preferred Stock

Convertible Series D Preferred Stock

Convertible Series E Preferred Stock

Convertible Series E Preferred Stock

Convertible Series E Preferred Stock

Convertible Series E Preferred Stock

Convertible Series E Preferred Stock

Convertible Series E Preferred Stock

Convertible Series E Preferred Stock

Convertible Series E Preferred Stock

Convertible Series E Preferred Stock

Convertible Series E Preferred Stock

Convertible Series E Preferred Stock

Convertible Series E Preferred Stock

Convertible Series E Preferred Stock

Convertible Series E Preferred Stock

Common stock

Common stock

Common stock

Common stock

Common stock

Common stock

Common stock

Barry Honig, Board Member

Maximum

Minimum

Platinum

Lakewood

item

Notes conversion

Platinum

Lakewood

Warrant to purchase common stock

Private placement agent

Exchange Of Related Party Debt Transaction

Warrant to purchase common stock

Warrant to purchase common stock

Warrant to purchase common stock

Warrant to purchase common stock

Warrant to purchase common stock

Warrant to purchase common stock

Senior secured convertible promissory note

Senior secured convertible promissory note

Barry Honig, Board Member

Maximum

Minimum

Private placement agent

Senior secured convertible promissory note

Exchange Of Related Party Debt Transaction

Statement

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Stock authorized, shares

50,000,000

50,000,000

50,000,000

50,000,000

50,000,000

'

'

'

'

'

'

'

'

50,000,000

50,000,000

2,250,000

2,250,000

2,250,000

'

8,000,000

8,000,000

8,000,000

'

3,284,396

3,284,396

3,284,396

'

'

'

1,000,000

'

7,500,000

7,500,000

7,500,000

7,500,000

'

'

'

'

15,151

'

'

'

15,151

15,151

15,151

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Par value of preferred stock authorized (in dollars per share)

$0.00

$0.00

$0.00

$0.00

'

'

'

'

'

'

'

'

'

$0.00

$0.00

$0.00

$0.00

$0.00

'

$0.00

$0.00

$0.00

'

$0.00

$0.00

$0.00

'

'

'

'

'

$0.00

$0.00

$0.00

'

'

'

'

'

'

'

'

'

$0.00

$0.00

$0.00

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Preferred stock, Issued (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

0

0

7,500,000

0

0

0

7,500,000

0

0

0

'

'

'

'

'

0

0

0

'

'

'

'

'

'

'

'

'

9,606

11,185

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Preferred stock, Outstanding (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

0

0

'

0

0

0

'

0

0

0

'

'

'

'

'

0

0

0

'

'

'

'

'

'

'

'

'

9,606

11,185

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Dividend rate of Preferred stock

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

9.00%

'

9.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Conversion price per share of common stock (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$0.35

'

$0.40

$0.32

'

'

'

'

'

'

'

'

$0.33

$0.33

'

$0.33

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Preferential cash payment in event of liquidation, dissolution or winding up

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$1

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of assets to be sold or transferred under business combination as a part of redemption terms

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

50.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of outstanding shares of stock to be tendered under business combination as a part of redemption terms

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

50.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Preferred stock redemption amount as percentage of purchase price

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

110.00%

'

'

'

'

'

'

'

'

'

110.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Sale price per share of common stock (in dollars per share)

'

'

'

'

'

'

'

$0.40

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of subscribers that entered stock purchase agreement

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Stock issued (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,000,000

'

'

'

'

'

'

'

'

'

'

'

'

10,533

'

'

'

'

'

'

'

'

'

'

'

12,500,000

'

4,385,716

'

'

'

'

Warrants issued to acquire shares of Common Stock (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

8,750,000

'

'

'

'

'

'

'

'

'

13,435,590

'

'

'

'

'

'

'

'

'

'

1,118,750

Net proceeds from private placement

$10,227,079

$1,000,000

$14,511,475

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$1,000,000

'

'

'

'

'

'

'

'

'

'

'

'

$10,200,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Proceeds from sale of preferred stock used for debt repayment

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

800,000

200,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Initial estimated fair values allocated to the ECF

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3,284,396

'

226,629

'

'

'

'

'

'

'

'

'

'

'

'

2,188,792

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fair value allocated to the warrants

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

773,371

'

'

'

'

'

'

'

'

'

1,912,867

'

'

'

'

'

'

'

'

'

'

'

Assumptions used to calculate fair value of the warrant

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Risk free interest rate (annual) (as a percent)

'

'

'

'

'

'

'

'

0.33%

0.27%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.88%

'

'

'

'

'

'

'

'

'

'

0.82%

0.61%

'

'

'

'

'

'

'

'

'

Expected volatility (as a percent)

'

'

'

'

'

'

'

'

110.00%

103.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

110.00%

'

'

'

'

'

'

'

'

'

86.00%

'

'

'

'

'

'

'

'

'

'

'

Expected life

'

'

'

'

'

'

'

'

'2 years 2 months 1 day

'2 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'5 years

'

'

'

'

'

'

'

'

'

'3 years

'

'

'

'

'

'

'

'

'

'

'

Assumed dividends (as a percent)

'

'

'

'

'

'

0.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.00%

'

'

'

'

'

'

'

'

'

0.00%

'

'

'

'

'

'

'

'

'

'

'

Loss from extinguishment of debts

'

4,769,776

4,769,776

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,436,888

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Preferred deemed dividend recorded

4,101,659

2,702,777

10,088,832

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

79,278

'

'

'

'

537,499

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of share of preferred stock converted in common shares

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

400,000

'

'

6,086,968

'

'

'

'

'

'

'

'

'

50

'

1,529

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Aggregate number of common shares issued upon conversion

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

150,000

'

4,587,000

'

'

'

'

'

'

'

'

'

'

'

19,021,775

'

1,153,143

750,000

7,500,000

'

Issuance of common stock as consideration for the conversion of preferred stock (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3,000,000

'

'

'

'

'

Grant date fair market value of common stock issued as consideration for the conversion of preferred stock

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$0.32

$0.36

$0.35

'

'

'

'

Issuance of common stock as consideration for the conversion of preferred stock

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,086,000

'

'

'

'

'

Preferred stock dividends

'

21,150

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

21,150

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Accrued dividends

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

17,550

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of common shares issued upon conversion

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3,000

3,000

'

3,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Amount that preferred stockholder is entitled to receive as percentage of purchase price upon liquidation, dissolution or winding up of the entity

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

110.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Cash payment that preferred stockholders are entitled to receive as percentage of purchase price upon a change of control

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

10.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of shares of common stock to be acquired

'

'

'

'

'

'

'

'

'

'

'

4,144,320

1,036,080

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

12,639,600

'

'

13,590

782,400

'

'

'

'

'

'

'

Term of warrants

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'3 years

'

'

'

'

'

'

'

'

'

'

'2 years

Percentage of the number of share of common stock issuable upon conversion used to calculate warrant rights

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

40.00%

'

'

'

'

'

'

'

'

'

'

50.00%

Exercise price (in dollars per share)

'

'

'

'

'

'

'

'

'

'

$0.40

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$0.40

'

'

'

'

'

'

'

'

'

'

$0.60

Purchase price of each share of Series E Preferred Stock with associated warrant (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$990

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Legal fees paid in cash

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

124,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Commissions paid in cash

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

76,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Amount owed by the Company under a Credit Facility Agreement to related party

'

'

'

'

'

$645,480

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of shares issued in exchange for outstanding principal and accrued interest to related party

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

652

'

'

'

'

'

'

'

'

'

'

'

'

STOCKHOLDERS_EQUITY_Details_21

STOCKHOLDERS' EQUITY (Details 2) (USD $)

0 Months Ended

2 Months Ended

4 Months Ended

12 Months Ended

28 Months Ended

1 Months Ended

12 Months Ended

0 Months Ended

3 Months Ended

1 Months Ended

0 Months Ended

1 Months Ended

2 Months Ended

3 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

1 Months Ended

3 Months Ended

1 Months Ended

12 Months Ended

1 Months Ended

0 Months Ended

1 Months Ended

3 Months Ended

Nov. 18, 2011

Feb. 29, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Jun. 30, 2014

Nov. 30, 2011

Dec. 31, 2011

Dec. 31, 2011

Nov. 29, 2011

Dec. 31, 2011

Oct. 31, 2011

Dec. 31, 2011

Sep. 29, 2011

Sep. 30, 2011

Sep. 03, 2011

Oct. 31, 2011

Dec. 31, 2011

Oct. 03, 2011

Dec. 31, 2011

Nov. 18, 2011

Jun. 30, 2012

Mar. 31, 2012

Dec. 31, 2011

Dec. 31, 2011

Jun. 19, 2012

Apr. 30, 2012

Oct. 31, 2011

Dec. 31, 2011

Nov. 30, 2011

Dec. 31, 2011

Sep. 03, 2011

Sep. 03, 2011

Oct. 03, 2011

Sep. 29, 2011

Dec. 31, 2011

Dec. 31, 2011

Public relations and consulting services

Advisory and consulting services

Advisory and consulting services

6% convertible note payable

6% convertible note payable

5% senior convertible promissory notes

5% senior convertible promissory notes

Series C Preferred Warrants

Series C Preferred Warrants

Separation Agreement

Subscription agreements

Subscription agreements

Agreement and Release

Agreement and Release

Acknowledgement letter of the beneficial owner of 500,000 shares and a stock option agreement to purchase 600,000 shares

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Convertible Series C Preferred Stock

Convertible Series B Preferred Stock

Convertible Series B Preferred Stock

Executive

Public and investor relations services

Public and investor relations services

Public relations and consulting services

Advisory and consulting services

Separation Agreement

Separation Agreement

Agreement and Release

Executive

Common Stock

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Common stock cancelled (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

450,000

'

'

'

'

'

'

'

'

'

'

'

750,000

'

'

'

'

Common stock, Par Value (in dollars per share)

'

'

'

$0.00

$0.00

'

$0.00

$0.00

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$0.00

'

'

'

'

Number of options retained (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

600,000

'

'

'

'

Outstanding receivables secured by Executive Retained Securities

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$112,500

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Indebtedness to Lenders collateralized by Executive Retained Securities

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

150,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of common stock to sold to the lenders (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,950,000

'

'

'

'

Value of cancelled shares recorded against additional paid in capital

45

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

75

'

'

'

'

'

Number of units sold

'

2,237,500

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,718,000

1,830,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3,284,396

'

'

Term of warrants

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'2 years

'

'

'2 years

'2 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of shares of common stock to be acquired against warrants

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

9,853,188

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Exercise price (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$0.60

'

'

$0.60

$0.60

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Aggregate purchase price of shares of preferred stock with associated warrant

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3,284,396

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Beneficial conversion feature of preferred stock

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3,284,396

'

'

Aggregate number of common shares issued upon conversion

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

19,021,775

1,153,143

750,000

7,500,000

'

'

'

'

'

'

'

'

'

'

'

'

Number of common units subscribed

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3,436,000

4,575,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Purchase price per unit (in dollars per share)

'

$0.40

'

'

'

'

'

'

'

'

'

'

$0.40

'

'

'

'

'

$0.50

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of shares of common stock per unit

'

1

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1

1

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of the number of share of common stock issuable upon conversion used to calculate warrant rights

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

50.00%

50.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Warrants issued to acquire shares of Common Stock (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,718,000

3,052,188

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of closing price for the common stock on the business day immediately prior to the date of exercise

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

100.00%

100.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Interest rate (as a percent)

'

'

'

'

'

'

'

'

'

'

'

6.00%

'

5.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Principal balance of the note converted into units

'

'

'

'

'

'

'

'

'

'

'

611,750

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of shares issued in exchange for principal of 6% note payable

'

'

'

'

'

'

'

'

'

'

'

1,529,375

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Placement agent fees paid

'

'

'

'

'

370,583

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of common stock issued for exercise of warrants

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4,429,415

866,605

'

'

'

'

'

'

'

6,229,718

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of warrants exercised

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

9,853,188

1,678,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Common stock issued for services

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

500,000

'

'

600,000

'

'

'

'

'

'

Grant date fair market value of common stock issued

'

'

'

'

'

'

'

'

$0.68

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$0.36

'

'

'

$0.32

$0.35

$0.97

'

'

$0.53

'

'

$0.89

'

'

'

Grant date intrinsic value of common stock issued

'

'

837,500

'

454,642

'

'

'

34,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

485,500

'

'

318,000

'

'

4,761,500

'

'

'

Stock based consulting expense

'

'

'

'

'

'

'

'

'

'

318,000

'

'

'

'

'

'

'

'

'

'

4,761,500

'

'

'

'

'

'

'

'

485,500

'

'

'

'

'

'

'

'

Number of shares

'

'

'

275,790,008

266,592,023

'

275,790,008

280,284,495

'

'

'

'

'

'

'

'

'

'

'

'

'

'

500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of options

'

'

3,548,000

32,900,000

35,298,000

3,548,000

32,900,000

32,900,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

600,000

'

'

'

'

'

'

'

'

'

'

'

400,000

'

'

'

'

Cash consideration for termination of public relations and consulting agreement

'

'

'

'

'

'

'

'

50,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Shares to be issued as a consideration for termination of public relations and consulting agreement

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

50,000

'

'

'

'

'

'

'

Number of warrants agreed to cancel by the consultant

'

'

'

'

'

'

'

'

'

1,056,046

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Amount of debt issued

'

'

'

'

'

'

'

'

'

'

'

'

'

750,000

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Conversion price before amendment (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

$1

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Conversion price (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

$0.65

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Accrued interest

'

'

'

'

'

'

'

'

'

'

'

'

'

27,555

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of common stock issued in exchange for promissory notes

'

'

'

'

'

'

'

'

'

'

'

'

'

1,196,238

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Interest expense in connection with the conversion of notes payable

'

'

'

'

'

'

230,192

'

'

'

'

'

'

230,192

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of shares to be issued for every $1.00 invested in the Continental Offering

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Amount invested in the Continental Offering for which specified number of shares will be issued

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$1

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Issuance of common stock in connection with a put right and release settlement agreement (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5,350,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of warrants cancelled, which was issued in connection with a put right and release settlement agreement

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4,280,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Equivalent number of Continental warrants cancelled, which was issued to acquire shares of common stock (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5,350,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of options terminated (in shares)

600,000

'

'

2,748,000

500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of shares of common stock issued upon conversion of preferred stock

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

750,000

7,500,000

STOCKHOLDERS_EQUITY_Details_31

STOCKHOLDERS' EQUITY (Details 3) (USD $)

2 Months Ended

4 Months Ended

12 Months Ended

0 Months Ended

6 Months Ended

12 Months Ended

0 Months Ended

0 Months Ended

1 Months Ended

3 Months Ended

0 Months Ended

1 Months Ended

0 Months Ended

3 Months Ended

0 Months Ended

1 Months Ended

12 Months Ended

0 Months Ended

1 Months Ended

2 Months Ended

0 Months Ended

Feb. 29, 2012

Dec. 31, 2011

Dec. 31, 2012

Dec. 31, 2011

Dec. 03, 2012

Jul. 22, 2011

Jun. 11, 2014

Jun. 30, 2014

Dec. 31, 2013

Dec. 31, 2012

Feb. 08, 2013

Jun. 18, 2012

Feb. 09, 2012

Dec. 23, 2013

Jun. 18, 2012

Feb. 09, 2012

Feb. 09, 2012

Jun. 18, 2012

Nov. 21, 2012

Feb. 08, 2013

Feb. 12, 2013

Jan. 02, 2014

Dec. 16, 2013

Nov. 01, 2013

Dec. 16, 2013

Dec. 16, 2013

Mar. 31, 2012

Feb. 23, 2012

Jun. 30, 2012

Jun. 19, 2012

Apr. 30, 2012

Mar. 31, 2012

Jun. 30, 2012

Dec. 03, 2012

Apr. 05, 2012

24-May-12

Jul. 22, 2011

Jun. 30, 2012

Jun. 30, 2012

Jun. 30, 2012

Mar. 20, 2012

Mar. 20, 2012

Mar. 31, 2012

Dec. 31, 2012

Apr. 27, 2012

Mar. 30, 2012

Mar. 31, 2012

Feb. 29, 2012

Feb. 29, 2012

Dec. 03, 2012

Apr. 05, 2012

Private placement

Continental Resources

Restricted stock

Restricted stock

Restricted stock

Restricted stock

Restricted stock

Restricted stock

Restricted stock

Restricted stock

Restricted stock

Restricted stock

Restricted stock

Restricted stock

Restricted stock

Restricted stock

Restricted stock

Restricted stock

Restricted stock

Restricted stock

Restricted stock

Restricted stock

Stock Warrants

Stock Warrants

Stock Warrants

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Chief Executive Officer

Chief Executive Officer

Chief Executive Officer

Chief Executive Officer

Chief Executive Officer

Chief Executive Officer

Chief Executive Officer

A director

Vice President of Finance and Controller

Vice President of Finance and Controller

A director and certain employees and consultants

Employees

Employees

Employees

Employees and consultants

Consultants

Continental Resources

Private placement

Victoria Gold. and Victoria Resources (US) Inc.

Red Battle, and Valor Gold

Continental Resources

Continental Resources

Continental Resources

Continental Resources

Legal services

Legal services

Public relations services

Public relations services

Consulting services

Stock Warrants

Stock Warrants

Stock Warrants

Stock Warrants

Stock Warrants

Stock Warrants

Shares vesting on December 26, 2013

Shares vesting on December 26, 2013

Shares vesting on February 9, 2014

Shares vesting on February 9, 2015

acre

Minimum

Maximum

Continental Resources

Private placement

Victoria Gold. and Victoria Resources (US) Inc.

Common Stock

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of units sold

2,237,500

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net proceeds from sale of units

$847,500

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Purchase price per unit (in dollars per share)

$0.40

'

'

'

$0.33

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of shares of common stock per unit

1

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Term of warrants

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'2 years

'

'2 years

Percentage of the number of share of common stock issuable upon conversion used to calculate warrant rights

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

50.00%

'

'

Number of warrants per unit

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,118,750

3,787,819

'

Exercise price (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$0.40

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$0.60

$0.60

$0.50

$0.60

Percentage of closing price for the common stock on the business day immediately prior to the date of exercise

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

100.00%

'

'

Period since the final closing date of the sale of units, when the entity has agreed to file a "resale" registration statement

'60 days

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Period since the final closing date of the sale of units, when the entity agreed to declare registration statement

'120 days

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of fees payable to investor per month in cash for every thirty day period up to a maximum of 6% under registration obligations

1.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Period for payment of fees to investors under registration obligations

'30 days

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Maximum percentage of fees payable to investor under registration obligations

6.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Common stock issued (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

12,500,000

4,385,716

'

'

9,469,548

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Purchase price of common stock issued

'

3,177,416

9,432,450

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4,000,000

1,535,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fees paid to placement agent for private placement of common stock

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

75,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Common stock issued to placement agent in connection with the sale of common stock (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

234,375

'

'

'

303,030

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Restricted common stock granted

'

'

'

'

'

'

5,000,000

'

'

'

'

5,000,000

12,000,000

'

'

3,000,000

3,000,000

3,000,000

200,000

'

6,700,000

250,000

1,300,000

125,000

2,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of restricted shares previously issued to CEO for which vesting period has been extended

'

'

'

'

'

'

'

'

'

'

6,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of restricted shares for which vesting accelerated

'

'

'

'

'

'

'

'

'

'

'

'

'

6,000,000

1,666,667

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Common stock issued for services

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

250,000

'

200,000

'

50,000

'

'

'

'

'

'

Expenses recorded for services received

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

129,028

'

'

'

'

'

'

'

'

'

'

Legal fees paid

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

299,642

'

'

'

'

'

'

'

'

'

'

Accrued professional fees

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

170,614

'

'

45,000

'

'

'

'

'

'

Value of common stock for services (in shares)

'

837,500

454,642

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

299,642

'

'

110,000

45,000

'

'

'

'

'

'

Grant date fair market value of common stock issued

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$0.32

$0.35

'

$0.36

'

$0.46

'

'

'

$0.29

$0.51

'

'

$0.55

'

$0.90

'

'

'

'

'

'

Common stock issued against stock warrants

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

6,229,718

'

'

'

'

'

'

'

'

'

'

'

'

'

2,967,143

336,974

2,925,601

'

'

'

Number of stock warrants exercised on a cashless basis

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

11,399,150

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5,250,000

968,750

5,180,400

'

'

'

Common stock in connection with the acquisition of mineral rights (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

10,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Warrants issued to acquire shares of common stock (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5,000,000

Acres of Property

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

13,300

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Value of common stock issued in connection with the acquisition of assets

'

'

4,600,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4,600,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of shares of common stock issued for each share of common stock of Continental

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.8

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of shares of common stock issued for each warrant

'

'

'

'

0.4

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

8

0.3

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of shares of common stock issued for each warrant of Continental

'

'

'

'

'

10

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of shares of common stock issued for each option

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

8

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of shares of common stock issued for each option of Continental

'

'

'

'

'

10

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Issuance of common stock in connection with the cancellation of warrants (in shares)

'

'

9,729,285

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

9,729,285

'

'

'

'

'

'

'

'

'

'

'

'

'

Warrant cancelled (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

32,430,954

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Value of common stock issue in connection with cancellation of warrants

'

'

4,883,196

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4,883,196

'

'

'

'

'

'

'

'

'

'

'

'

'

Common stock cancelled (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,750,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of vesting of restricted common stock

'

'

'

'

'

'

'

'

'

'

'

33.33%

'

'

'

'

'

33.33%

'

'

33.33%

33.33%

33.33%

33.33%

'

33.33%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fair market value on the date of grant

'

'

'

'

'

'

'

'

'

'

'

$0.34

'

'

'

'

'

$0.34

$0.35

'

$0.51

$0.35

'

$0.36

$0.35

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Vesting period

'

'

'

'

'

'

'

'

'

'

'

'3 years

'

'

'

'

'

'3 years

'

'

'3 years

'3 years

'

'3 years

'3 years

'3 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

A fraction of the restricted shares previously issued for which vesting period has been extended

'

'

'

'

'

'

'

'

'

'

33.33%

'

'

'

'

'

'

'

'

33.33%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Proceeds from issuance of common stock and warrants private placement

'

'

'

'

3,124,950

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Warrants issued to placement agent (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

121,212

'

Consideration paid for placement agent services

'

'

'

370,583

100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total grant date value

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3,417,000

'

'

'

875,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Stock-based compensation expense

'

'

'

'

'

'

'

1,484,423

4,772,162

5,048,047

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Unrecognized compensation expense

'

'

'

'

'

'

'

$2,130,538

$3,527,461

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

STOCKHOLDERS_EQUITY_Details_41

STOCKHOLDERS' EQUITY (Details 4) (USD $)	0 Months Ended	6 Months Ended	12 Months Ended
	Nov. 18, 2011	Jun. 30, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Number of Options	'	'	'	'	'
Balance at the beginning of the year (in shares)	'	32,900,000	35,298,000	3,548,000	'
Granted (in shares)	'	'	350,000	32,250,000	'
Forfeited (in shares)	-600,000	'	-2,748,000	-500,000	'
Balance at the end of the year (in shares)	'	32,900,000	32,900,000	35,298,000	3,548,000
Options exercisable at end of year (in shares)	'	32,000,000	32,000,000	'	'
Options expected to vest (in shares)	'	900,000	900,000	'	'
Weighted Average Exercise Price	'	'	'	'	'
Balance at the beginning of the year (in dollars per share)	'	$0.40	$0.42	$1.11	'
Granted (in dollars per share)	'	'	$0.42	$0.39	'
Forfeited (in dollars per share)	'	'	$1.17	$0.81	'
Balance at the end of the year (in dollars per share)	'	$0.40	$0.40	$0.42	$1.11
Options exercisable at end of year (in dollars per share)	'	$0.40	$0.40	'	'
Weighted average fair value of options granted during the period (in dollars per share)	'	'	$0.24	'	'
Weighted Average Remaining Contractual Life	'	'	'	'	'
Balance at the beginning of the year	'	'7 years 8 months 5 days	'8 years 2 months 5 days	'9 years 1 month 10 days	'8 years 5 months 12 days
Granted	'	'	'4 years 1 month 20 days	'10 years	'
Forfeited	'	'	'7 years	'8 years 7 months 2 days	'
Balance at the end of the year	'	'7 years 8 months 5 days	'8 years 2 months 5 days	'9 years 1 month 10 days	'8 years 5 months 12 days
Intrinsic value of stock options outstanding	'	$237,000	$26,000	'	'

STOCKHOLDERS_EQUITY_Details_51

STOCKHOLDERS' EQUITY (Details 5) (USD $)

3 Months Ended

6 Months Ended

12 Months Ended

28 Months Ended

6 Months Ended

12 Months Ended

0 Months Ended

1 Months Ended

0 Months Ended

12 Months Ended

1 Months Ended

3 Months Ended

1 Months Ended

12 Months Ended

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2011

Jun. 30, 2014

Dec. 31, 2013

Dec. 31, 2012

Feb. 09, 2012

Mar. 06, 2012

Mar. 06, 2012

Mar. 06, 2012

Mar. 06, 2012

Mar. 06, 2012

Apr. 06, 2012

Apr. 30, 2012

Jun. 18, 2012

Jun. 18, 2012

Jun. 18, 2012

Jun. 18, 2012

Jun. 18, 2012

Dec. 31, 2013

Aug. 31, 2013

Mar. 31, 2013

Sep. 30, 2012

Sep. 30, 2012

Sep. 30, 2012

Sep. 30, 2012

Sep. 30, 2012

Mar. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Sep. 29, 2010

Dec. 31, 2013

Feb. 09, 2012

Dec. 31, 2013

Feb. 12, 2013

Stock Options

Stock Options

Stock Options

Stock Options

Stock Options

Stock Options

Stock Options

Stock Options

Stock Options

Stock Options

Stock Options

Stock Options

Stock Options

Stock Options

Stock Options

Stock Options

Stock Options

Stock Options

Stock Options

Stock Options

Stock Options

Stock Options

Stock Options

Stock Options

Stock Options

Stock Options

The 2010 Plan

The 2010 Plan

The 2012 Plan

The 2012 Plan

The 2013 Plan

The 2013 Plan

CEO

Two employees and a consultant

Two employees and a consultant

Two employees and a consultant

Two employees and a consultant

Two employees and a consultant

Barry Honig, Board Member

Barry Honig, Board Member

CEO and Mr. Honig

Former director, employees and consultants

Former director, employees and consultants

Former director, employees and consultants

Former director, employees and consultants

Former director, employees and consultants

Consultants

Consultants

Consultants

Employee

Consultant and employee

Consultant and employee

Consultant and employee

Former Vice President for Finance and Administration and Director

Former Vice President for Finance and Administration and Director

item

Vesting on date of issuance

Vesting on December 31, 2012

Vesting on December 31, 2013

Vesting on December 31, 2014

item

Vesting on date of issuance

Vesting on December 31, 2012

Vesting on December 31, 2013

Vesting on December 31, 2014

Minimum

Maximum

Common Stock Options

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Holders of common stock in favor of 2012 Equity Incentive Plan (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

53.00%

'

'

Reserved for issuance (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,800,000

'

40,000,000

'

40,000,000

Outstanding awards under 2010 plan (in shares)

32,900,000

'

32,900,000

'

32,900,000

35,298,000

32,900,000

3,548,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,150,000

'

'

'

'

'

Remaining available stock-based awards for future issuances under 2012 Plan (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

500,000

'

29,375,000

'

Granted (in dollars per share)

'

'

'

'

$0.42

$0.39

'

'

'

'

'

$0.45

$0.45

'

'

'

'

$0.35

'

$0.34

$0.34

'

'

'

'

$0.40

$0.44

'

'

'

$0.31

$0.36

'

'

'

'

'

'

'

'

Options granted

'

'

'

'

350,000

32,250,000

'

'

'

'

'

10,000,000

1,100,000

'

'

'

'

12,000,000

'

6,000,000

2,700,000

'

'

'

'

200,000

150,000

150,000

300,000

450,000

'

'

'

'

'

'

'

'

'

'

Term

'

'

'

'

'

'

'

'

'

'

'

'10 years

'10 years

'

'

'

'

'10 years

'

'10 years

'10 years

'

'

'

'

'5 years

'3 years

'4 years

'10 years

'

'

'

'

'

'

'

'

'

'

'

Percentage of vesting of common stock

'

'

'

'

'

'

'

'

'

'

'

'

'

25.00%

25.00%

25.00%

25.00%

'

'

'

'

25.00%

25.00%

25.00%

25.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of employees to whom shares were granted

'

'

'

'

'

'

'

'

'

'

'

'

2

'

'

'

'

'

'

'

3

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of consultants to whom shares were granted

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Weighted average fair value of options granted during the period (in dollars per share)

'

'

'

'

$0.24

'

'

'

'

'

'

$0.45

$0.41

'

'

'

'

$0.39

'

$0.28

$0.28

'

'

'

'

$0.23

$0.25

'

'

'

$0.24

$0.28

'

'

'

'

'

'

'

'

Total value

'

'

'

'

'

'

'

'

'

'

'

$4,537,000

$448,690

'

'

'

'

$4,633,200

'

$1,660,200

$747,090

'

'

'

'

$45,080

$38,058

'

'

$119,895

'

'

'

'

'

'

'

'

'

'

Assumptions of Black-Scholes option pricing model

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Share price (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

$0.49

$0.45

'

'

'

'

$0.46

'

$0.34

$0.34

'

'

'

'

$0.35

$0.44

'

'

'

$0.31

$0.36

'

'

'

'

'

'

'

'

Volatility (as a percent)

'

'

'

'

'

'

'

'

'

'

'

110.00%

103.00%

'

'

'

'

105.00%

'

107.00%

107.00%

'

'

'

'

86.00%

92.00%

'

'

'

99.00%

103.00%

'

'

'

'

'

'

'

'

Expected term

'

'

'

'

'

'

'

'

'

'

'

'10 years

'10 years

'

'

'

'

'6 years

'

'6 years

'6 years

'

'

'

'

'5 years

'3 years

'

'

'

'4 years

'6 years

'

'

'

'

'

'

'

'

Dividend yield (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.00%

0.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

Risk free interest rate (as a percent)

'

'

'

'

'

'

'

'

'

'

'

2.04%

1.98%

'

'

'

'

0.89%

'

0.69%

0.69%

'

'

'

'

1.57%

0.35%

'

'

'

0.62%

0.67%

'

'

'

'

'

'

'

'

Stock options modified

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

500,000

'

'

'

'

'

'

'

Volatility granted to Vice President (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

92.00%

'

'

'

'

'

'

'

Risk free interest rate to Vice President (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.14%

'

'

'

'

'

'

'

Dividend yield to Vice President (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.00%

'

'

'

'

'

'

'

Expected term to Vice President

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'9 months

'

'

'

'

'

'

'

Consulting fee

375,258

437,080

653,051

782,613

1,579,211

2,334,297

9,484,687

'

'

'

'

'

'

'

'

'

'

'

200,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Additional stock-based compensation expense

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

35,079

'

'

'

'

'

'

Stock-based compensation expense

'

'

'

'

'

'

'

'

48,423

383,555

13,163,509

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Unrecognized compensation expense

'

'

'

'

'

'

'

'

$48,422

$96,845

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

STOCKHOLDERS_EQUITY_Details_61

STOCKHOLDERS' EQUITY (Details 6) (Warrants, USD $)	1 Months Ended	6 Months Ended	12 Months Ended		3 Months Ended	6 Months Ended	12 Months Ended
	31-May-13	Jun. 30, 2014	Dec. 31, 2013	Dec. 31, 2012	Jun. 30, 2014	Jun. 30, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
					Weighted Average Exercise Price	Weighted Average Exercise Price	Weighted Average Exercise Price	Weighted Average Exercise Price	Weighted Average Exercise Price
Number of Warrants	'	'	'	'	'	'	'	'	'
Balance at the beginning of the year (in shares)	'	26,244,621	16,255,779	35,603,142	'	'	'	'	'
Granted (in shares)	'	'	13,435,590	24,482,741	'	'	'	'	'
Cancelled (in shares)	-3,446,748	'	-3,446,748	-32,430,954	'	'	'	'	'
Exercised (in shares)	'	'	'	-11,399,150	'	'	'	'	'
Balance at the end of the year (in shares)	'	21,244,621	26,244,621	16,255,779	'	'	'	'	'
Warrants exercisable at the end of the period (in shares)	'	21,244,621	26,244,621	'	'	'	'	'	'
Weighted Average Exercise Price	'	'	'	'	'	'	'	'	'
Balance at the beginning of the year (in dollars per share)	'	'	'	'	'	$0.45	$0.54	$2.64	'
Granted (in dollars per share)	'	'	'	'	'	'	$0.40	$0.56	'
Cancelled (in dollars per share)	'	'	'	'	'	'	$0.65	$2.83	'
Exercised (in dollars per share)	'	'	'	'	'	'	'	$0.42	'
Balance at the end of the year (in dollars per share)	'	'	'	'	$0.42	$0.42	$0.45	$0.54	$2.64
Warrants exercisable at the end of the period (in dollars per share)	'	'	'	'	$0.42	$0.42	$0.45	'	'
Weighted average fair value of options granted during the year (in dollars per share)	'	'	'	'	'	'	$0.17	'	'
Weighted Average Remaining Contractual Life	'	'	'	'	'	'	'	'	'
Balance at the beginning of the year	'	'	'	'	'2 years 2 months 5 days	'	'2 years 2 months 19 days	'2 years 5 months 1 day	'3 years 11 months 8 days
Granted	'	'	'	'	'	'	'3 years	'4 years 7 months 2 days	'
Cancelled	'	'	'	'	'	'	'7 months 6 days	'3 years 10 months 10 days	'
Exercised	'	'	'	'	'	'	'	'4 years 7 months 20 days	'
Balance at the end of the year	'	'	'	'	'2 years 2 months 5 days	'	'2 years 2 months 19 days	'2 years 5 months 1 day	'3 years 11 months 8 days
Warrants exercisable at the end of the year	'	'	'	'	'	'2 years 2 months 5 days	'2 years 2 months 19 days	'	'
Stock based compensation	'	'	'	'	'	'	'	'	'
Stock-based compensation expense	'	'	$0	$165,730	'	'	'	'	'

STOCKHOLDERS_EQUITY_Details_7

STOCKHOLDERS' EQUITY (Details 7) (USD $)

2 Months Ended

3 Months Ended

6 Months Ended

12 Months Ended

28 Months Ended

0 Months Ended

1 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

1 Months Ended

2 Months Ended

0 Months Ended

1 Months Ended

2 Months Ended

0 Months Ended

0 Months Ended

1 Months Ended

Feb. 29, 2012

Jun. 30, 2013

Jun. 30, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 03, 2012

31-May-13

Mar. 31, 2012

Feb. 23, 2012

Mar. 06, 2012

Dec. 31, 2012

Feb. 23, 2012

Feb. 23, 2012

Apr. 05, 2012

Dec. 16, 2013

Jun. 19, 2012

Apr. 30, 2012

Mar. 31, 2012

Mar. 31, 2014

Dec. 03, 2012

Apr. 05, 2012

Mar. 30, 2012

Mar. 31, 2012

Feb. 29, 2012

Feb. 29, 2012

Dec. 03, 2012

Mar. 06, 2012

Apr. 05, 2012

Feb. 23, 2012

Feb. 23, 2012

Aug. 31, 2013

Aug. 31, 2013

Private placement

Stock Warrants

Stock Warrants

Stock Warrants

Stock Warrants

Stock Warrants

Stock Warrants

Stock Warrants

Stock Warrants

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Convertible Series D Preferred Stock

Convertible Series D Preferred Stock

Convertible Series E Preferred Stock

Convertible Series E Preferred Stock

Consultants

Consultants

Platinum

Lakewood

Victoria Gold. and Victoria Resources (US) Inc.

Private placement

Victoria Gold. and Victoria Resources (US) Inc.

Stock Warrants

Stock Warrants

Stock Warrants

Stock Warrants

Stock Warrants

Stock Warrants

Stock Warrants

item

Stock Warrants

Stock Warrants

acre

Private placement

Consultants

Victoria Gold. and Victoria Resources (US) Inc.

Common Stock Warrants

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of units sold

2,237,500

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net proceeds from sale of units

$847,500

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Purchase price per unit (in dollars per share)

$0.40

'

'

'

'

'

'

$0.33

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of common stock per unit

1

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Term of warrants

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'2 years

'

'

'2 years

'

'

'

'3 years

Percentage of the number of share of common stock issuable upon conversion used to calculate warrant rights

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

50.00%

'

'

'

'

'

'

40.00%

Warrants issued to acquire shares of Common Stock (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,118,750

3,787,819

'

'

'

8,750,000

'

13,435,590

Exercise price (in dollars per share)

'

'

'

'

'

'

'

'

'

'

$0.40

$0.45

'

'

'

'

'

'

'

'

'

'

'

'

'

$0.60

$0.60

$0.50

'

$0.60

'

'

'

$0.40

Percentage of closing price for the common stock on the business day immediately prior to the date of exercise

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

100.00%

'

'

'

'

'

'

'

Number of shares of common stock issued for each warrant

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

6,229,718

'

'

'

2,967,143

336,974

2,925,601

'

'

'

'

'

'

'

'

Number of stock warrants on a cashless basis exercised

'

'

'

'

'

'

'

'

'

11,399,150

'

'

'

'

'

'

'

'

'

'

'

'

'

5,250,000

968,750

5,180,400

'

'

'

'

'

'

'

'

Number of subscribers that entered stock purchase agreement

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2

'

'

'

Shares issued in Stock Purchase Agreement

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

12,500,000

4,385,716

'

'

9,469,548

'

'

'

'

'

'

'

'

1,000,000

'

10,533

'

Proceeds from sale of preferred stock, net of issuance costs

'

'

'

10,227,079

1,000,000

'

14,511,475

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,000,000

'

10,200,000

'

Number of shares of common stock to be acquired for warrants issued

'

'

'

'

'

'

'

'

'

'

'

400,000

'

4,144,320

1,036,080

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5,000,000

'

'

'

12,639,600

Stock price (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$0.45

'

'

'

'

'

Number of warrants

'

'

'

'

'

'

'

'

'

'

'

400,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Grant date fair value (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

$0.41

'

'

'

$0.22

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total value of option

'

'

'

'

'

'

'

'

'

'

'

163,155

'

'

'

1,109,441

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

773,371

'

1,912,867

Assumptions used to calculate fair value of the warrant

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Expected volatility (as a percent)

'

'

'

'

'

'

'

'

'

'

'

110.00%

'

'

'

105.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

110.00%

'

86.00%

Expected life

'

'

'

'

'

'

'

'

'

'

'

'10 years

'

'

'

'2 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'5 years

'

'3 years

Risk free interest rate (annual) (as a percent)

'

'

'

'

'

'

'

'

'

'

'

1.98%

'

'

'

0.35%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.88%

'

'

Stock-based compensation expense

'

'

'

'

'

'

'

'

'

'

'

'

163,155

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Common stock in connection with the acquisition of mineral rights (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

10,000,000

'

'

'

'

'

'

'

'

'

'

'

Acres of Property

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

13,300

'

'

'

'

'

'

'

'

'

'

'

Proceeds from issuance of common stock and warrants private placement

'

'

'

'

'

'

'

3,124,950

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Common stock issued to placement agent in connection with sale of common stock (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

234,375

'

'

'

303,030

'

'

'

'

'

'

'

'

'

'

'

'

Warrants issued to placement agent (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

121,212

'

'

'

'

'

'

Consideration paid for placement agent services

'

'

'

'

'

370,583

'

100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Warrant settlement expense

'

45,484

45,484

45,484

4,883,196

'

9,727,680

'

45,484

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Warrant cancelled (in shares)

'

'

'

'

'

'

'

'

3,446,748

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Common stock repurchased (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

127,015

'

'

'

492,513

'

'

'

'

'

'

'

'

'

'

'

'

'

Value of common stock repurchased

'

'

'

$44,455

'

'

'

'

'

'

'

'

'

'

'

'

$44,455

'

'

'

$181,421

'

'

'

'

'

'

'

'

'

'

'

'

'

NET_LOSS_PER_COMMON_SHARE_Deta2

NET LOSS PER COMMON SHARE (Details) (USD $)	3 Months Ended		6 Months Ended		12 Months Ended		28 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013
Numerator:	'	'	'	'	'	'	'
Loss from continuing operations available to common stockholders	'	'	'	'	($18,205,047)	($51,776,676)	'
Loss from discontinued operations	'	'	'	'	$0	($50,298)	$802,367
Denominator:	'	'	'	'	'	'	'
Denominator for basic and diluted loss per share (in shares)	280,270,650	273,292,023	279,065,711	271,700,310	272,620,776	219,530,283	229,376,312
Loss per common share, basic and diluted:	'	'	'	'	'	'	'
Loss from continuing operations (in dollars per share)	'	'	'	'	($0.07)	($0.24)	($0.37)
Loss from discontinued operations (in dollars per share)	'	'	'	'	$0	$0	$0

NET_LOSS_PER_COMMON_SHARE_Deta3

NET LOSS PER COMMON SHARE (Details 2)	6 Months Ended		12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013	Dec. 31, 2012
Antidilutive securities excluded from the computation of diluted shares outstanding	'	'	'	'
Common stock equivalents	82,962,621	46,009,031	92,699,621	51,553,779
Stock options	'	'	'	'
Antidilutive securities excluded from the computation of diluted shares outstanding	'	'	'	'
Common stock equivalents	32,900,000	33,200,000	32,900,000	35,298,000
Warrant	'	'	'	'
Antidilutive securities excluded from the computation of diluted shares outstanding	'	'	'	'
Common stock equivalents	21,244,621	12,809,031	26,244,621	16,255,779
Convertible preferred stock	'	'	'	'
Antidilutive securities excluded from the computation of diluted shares outstanding	'	'	'	'
Common stock equivalents	28,818,000	'	33,555,000	'

DISCONTINUED_OPERATIONS_Detail

DISCONTINUED OPERATIONS (Details) (USD $)	12 Months Ended		28 Months Ended	1 Months Ended	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Sep. 03, 2011	Dec. 31, 2013	Dec. 31, 2012	Sep. 01, 2011	Aug. 31, 2011
				Empire	Empire	Empire	Empire	Empire
Discontinued operations	'	'	'	'	'	'	'	'
Minority interest in Capital Hoedown, Inc. owned by CII with Empire (as a percent)	'	'	'	'	'	'	'	33.33%
Equity ownership interest in Capital Hoedown sold to CII (as a percent)	'	'	'	66.67%	'	'	'	'
Price for the sale	'	'	'	$500,000	'	'	'	'
Senior Promissory Note, issued by CII, interest rate (as a percent)	'	'	'	'	'	'	8.00%	'
Revenues	'	'	'	'	0	'	'	'
Cost of sales	'	'	'	'	0	'	'	'
Gross profit (loss)	'	'	'	'	0	'	'	'
Operating and other non-operating expenses	'	'	'	'	0	-50,298	'	'
Loss from discontinued operations	'	'	'	'	0	-50,298	'	'
Gain from sale of sports and entertainment business	'	'	'	'	0	'	'	'
Loss from discontinued operations	$0	($50,298)	$802,367	'	$0	($50,298)	'	'

COMMITMENTS_AND_CONTINGENCIES_3

COMMITMENTS AND CONTINGENCIES (Details) (USD $)	1 Months Ended		6 Months Ended		12 Months Ended
	Mar. 31, 2012	Feb. 29, 2012	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013	Dec. 31, 2012
	sqft				sqft
COMMITMENTS AND CONTINGENCIES	'	'	'	'	'	'
Lease agreement term	'	'3 years	'	'	'	'
Net rentable square feet area for which rent is payable	2,390	'	'	'	2,390	'
Annual base rent per rentable square foot (in dollars per square foot)	'	'	18.5	'	18.5	'
Annual base rent	'	'	$44,215	'	$44,215	'
Future minimum rental payments	'	'	'	'	'	'
2014	'	'	23,303	'	46,207	'
2015 and thereafter	'	'	'	'	15,535	'
Total	'	'	38,838	'	61,742	'
Rent Expense	'	'	23,811	22,307	45,012	28,050
Future minimum lease payments under mining leases	'	'	'	'	'	'
2014	'	'	10,000	'	10,000	'
2015	'	'	10,000	'	10,000	'
2016	'	'	20,000	'	20,000	'
2017	'	'	25,000	'	25,000	'
2018	'	'	25,000	'	25,000	'
Thereafter	'	'	117,500	'	117,500	'
Total	'	'	207,500	'	207,500	'
The cash outflow for the payments of mining lease made by the entity.	'	'	'	'	$25,000	$10,000

INCOME_TAXES_Details

INCOME TAXES (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
INCOME TAXES	'	'
Net operating loss carryforward for tax purposes	$28,900,000	'
Differences between the Company's effective tax rate and the statutory federal rate	'	'
Tax benefit computed at "expected" statutory rate	-4,795,151	-16,695,036
State income taxes, net of benefit	0	'
Permanent differences :	'	'
Stock based compensation and consulting	866,305	240,786
Prior year true-ups	-439,456	'
Loss (gain) from change in fair value of derivative liability	'	494,700
Amortization of debt discount, deferred financing cost, and other non-cash interest	'	3,768,000
Stock based settlement expense	'	1,660,300
Loss on extinguishment of debts	'	1,621,700
Other	-17,014	55,334
Increase in valuation allowance	4,385,316	8,854,216
Net income tax benefit	$0	'
Differences between the Company's effective tax rate and the statutory federal rate	'	'
Computed "expected" tax expense (benefit) (as a percent)	-34.00%	-34.00%
State income taxes (as a percent)	0.00%	0.00%
Permanent differences (as a percent)	2.91%	15.50%
Change in valuation allowance (as a percent)	31.09%	18.50%
Effective tax rate (as a percent)	0.00%	0.00%

INCOME_TAXES_Details_2

INCOME TAXES (Details 2) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Deferred tax assets:	'	'
Net operating loss carryover	$9,812,057	$6,694,996
Stock based compensation	7,461,894	6,940,860
Stock held for sale	'	-1,131,290
Depreciable and depletable assets	-469,134	1,145,470
Mining explorations	620,492	836,910
Capital loss carryforward	1,482,863	271,490
Other	-6,800	-228,780
Less: valuation allowance	-18,914,972	-14,529,656
Net deferred tax asset	'	'
Increase in valuation allowance	$4,400,000	'

SUBSEQUENT_EVENTS_Details1

SUBSEQUENT EVENTS (Details) (USD $)	0 Months Ended	1 Months Ended	2 Months Ended	1 Months Ended	2 Months Ended	1 Months Ended	2 Months Ended
	Aug. 05, 2013	Apr. 30, 2014	Mar. 31, 2014	Jul. 31, 2014	Mar. 31, 2014	Jul. 31, 2014	Mar. 31, 2014
	Convertible Series E Preferred Stock	Convertible Series E Preferred Stock	Convertible Series E Preferred Stock	Subsequent event	Subsequent event	Subsequent event	Subsequent event
				Convertible Series E Preferred Stock	Convertible Series E Preferred Stock	Common Stock	Common Stock
Subsequent events	'	'	'	'	'	'	'
Number of share of preferred stock converted in common shares	'	50	1,529	181	1,473	'	'
Aggregate number of common shares issued upon conversion	'	150,000	4,587,000	'	'	543,000	4,419,000
Number of common shares issued upon conversion	3,000	3,000	3,000	'	'	3,000	3,000
Conversion price per share of common stock (in dollars per share)	$0.33	$0.33	$0.33	'	'	$0.33	$0.33