COMMITMENTS AND CONTINGENCIES	9 Months Ended
COMMITMENTS AND CONTINGENCIES	Sep. 30, 2013
COMMITMENTS AND CONTINGENCIES [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 7 - COMMITMENTS AND CONTINGENCIES On October 11, 2007, we entered into a lease agreement with GoldLand, under which we leased its mineral rights on War Eagle Mountain. Under the lease, we are responsible for all mining activities on War Eagle Mountain, and we are obligated to pay GoldLand annual lease payments of $1,000,000, payable on a monthly basis, a monthly non-accountable expense reimbursement of $10,000 during any month in which minerals are mined from the leased premises, and a royalty of 15% of all amounts we receive from the processing of minerals mined from tailing piles on the premises or through shafts or adits located on the premises. The lease currently expires on October 1, 2026, although we have the right to extend the lease for an additional five years upon payment of a lease extension fee of $1,000,000. On June 4, 2012, we issued a convertible promissory note to JMJ Financial in the original principal amount of $315,000 (the "June Note"). On July 12, 2012, we issued a convertible promissory note to JMJ Financial in the original principal amount of $525,000 (the "July Note" and with the June Note, the "Notes"). The Notes are convertible into Class A Common Stock at a conversion price equal to 80% of the three lowest daily average trading prices of the Common Stock during the 15 trading days preceding the conversion. On November 30, 2012, JMJ submitted a conversion request for $54,079.20 of indebtedness under the June Note, which by JMJ's calculations would have required us to issue JMJ 3,000,000 shares of Class A Common Stock. On December 12, 2012, JMJ submitted another conversion request for $52,360 of indebtedness under the June Note, which by JMJ's calculations would have required us to issue JMJ 3,500,000 shares of Class A Common Stock. We did not honor either conversion request because of our belief that JMJ was impermissibly shorting our Class A Common Stock, and was improperly manipulating the market price of our Class A Common Stock. On December 17, 2012, JMJ issued us a notice of default. On December 18, 2012, JMJ sent us a Notice of Acceleration for immediate payment of all amounts due under both Notes. On December 21, 2012, JMJ filed a lawsuit against us and Pierre Quilliam, our chief executive officer. The lawsuit seeks a judgment against us for all amounts due under both Notes. The lawsuit also seeks a judgment against Mr. Quilliam for amounts due under both Notes on the theory of fraudulent inducement and/or fraudulent misrepresentation. In November 2013, we reached an agreement to settle the litigation with JMJ. See "Note 10 - Subsequent Events." In July 2012, we filed a lawsuit against Earll Excavations, Inc. ("EEI") and William Earll ("Earll") in Owyhee County, Idaho seeking damages of $2,000,000. In the lawsuit, we contend that EEI failed to complete improvements to the Sinker Tunnel and construction of our metallurgical laboratory complex in accordance with the contracts. Our lawsuit also seeks damages for Earll's and EEI's breach of a confidentiality agreement, breach of an implied covenant of good faith and fair dealing, and for slander. At about the same time that we filed our lawsuit, EEI filed suit against us in Owyhee County, Idaho. EEI's lawsuit seeks damages of $477,783 for amounts that EEI contends it is owed for construction services performed on the Sinker Tunnel, construction services performed on the Diamond Creek Mill, hauling services, and road maintenance, as well as managerial services provided to Diamond Creek Mill. In June 2013, we were notified that a Default Judgment and Decree of Foreclosure (the "Judgment") had been entered in the lawsuit by the District Court for the Third Judicial District of the State of Idaho for the County of Owyhee. The Judgment granted a judgment against us in favor of EEI in the amount of $567,743.56, plus post-judgment interest at the rate of 5.25% per annum. The Judgment also held that EEI had a first lien our Diamond Creek Mill site in Owyhee County, Idaho to secure an indebtedness of $289,648.30, plus post-judgment interest. The Judgment further ordered that a sheriff's sale be held of such property. Finally, the Judgment dismissed our counterclaims against EEI and Earll with prejudice. We retained new counsel who filed a motion to vacate the Judgment. On July 17, 2013, the court revoked and set aside the Judgment. In October, the court held another hearing and reversed its prior decision to set aside the Judgment. See "Note 10 - Subsequent Events"). We plan to continue vigorously defending the action as well as our claims against EEI and Earll.

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The entire disclosure for commitments and contingencies.

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Silver Falcon Mining, Inc. 10-Q/A