Quarterly report pursuant to sections 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) (USD $)
Mar. 31, 2012
Dec. 31, 2011
Current assets:    
Cash $ 4,006,244 $ 129,152
Marketable securities - available for sale securities 50,000   
Prepaid expenses 112,255 20,000
Deposit pursuant to an option agreement 1,001,000   
Total current assets 5,169,499 149,152
Other assets:    
Deposits    3,500
Mineral rights 325,000   
Total other assets 325,000 3,500
Total Assets 5,494,499 152,652
Current liabilities:    
Accounts payable and accrued expenses 79,260 4,000
Note payable 70,000   
Notes payable - related party    152,974
Advances payable    100,000
Total liabilities 149,260 256,974
Stockholders' Equity (deficit):    
Preferred stock, $.0001 par value, 50,000,000 shares authorized: none issued and outstanding      
Common stock, ($.0001 par value; 200,000,000 shares authorized; 43,318,854 and 10,000,000 issued and outstanding at March 31, 2012 and December 31, 2011 4,332 1,000
Additional paid-in capital 8,485,108 4,000
Accumulated other comprehensive income - marketable securities available for sale (75,000)   
Accumulated deficit (3,069,201) (109,322)
Total stockholders' equity (deficit) 5,345,239 (104,322)
Total liabilities and stockholders' equity (deficit) $ 5,494,499 $ 152,652