CTT Pharmaceutical (CTTH) 10-Q 13 May 14 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2014	12-May-14
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	31-Mar-14	'
Trading Symbol	'idsm	'
Entity Registrant Name	'Mindesta Inc.	'
Entity Central Index Key	'0001035422	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	9,401,405
Entity Current Reporting Status	'Yes	'
Entity Voluntary Filers	'No	'
Entity Well Known Seasoned Issuer	'No	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'

Condensed_Interim_Balance_Shee

Condensed Interim Balance Sheets (USD $)	Mar. 31, 2014	Dec. 31, 2013
Current	'	'
Cash	$11,790	$823
Receivables	5,429	5,429
Total assets	17,219	6,252
Current	'	'
Accounts payable and accrued liabilities	37,183	35,205
Due to related parties	242,685	214,173
Total liabilities	279,868	249,378
Stockholders' deficiency	'	'
Common stock 200,000,000 shares authorized, $0.0001 par value; 9,413,581 shares issued and outstanding	18,817	18,817
Additional paid-in capital	12,673,369	12,663,857
Deficit accumulated during exploration stage	-12,954,835	-12,925,800
Total stockholders' deficiency	-262,649	-243,126
Total liabilities and stockholders' deficiency	$17,219	$6,252

Condensed_Interim_Balance_Shee1

Condensed Interim Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Common Stock, Shares Authorized	200,000,000	200,000,000
Common Stock, Par Value Per Share	$0.00	$0.00
Common Stock, Shares, Issued	9,413,581	9,413,581
Common Stock, Shares, Outstanding	9,413,581	9,413,581

Condensed_Interim_Statements_o

Condensed Interim Statements of Operations and Deficit (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Operating expenses	'	'
Professional fees	$11,113	$10,912
Management fees and salaries	3,125	0
Exploration expense	0	13,234
General and administration	12,965	36,173
Total operating expenses	27,203	60,319
Loss from operations	-27,203	-60,319
Foreign exchange gain (loss)	-1,832	-6,093
Interest income	0	1,645
Gain on sale of marketable securities	0	24,318
Net income (loss)	-29,035	-40,449
Deficit, beginning of period	-12,925,800	-13,036,264
Deficit, end of period	-12,954,835	-13,076,713
Other comprehensive income	'	'
Unrealized gain (loss) on available-for-sale securities	0	-4,984
Comprehensive income (loss)	($29,035)	($45,433)
Weighted average number of common shares outstanding - basic	9,413,581	9,413,581
Net income (loss) per share - basic	$0	($0.01)
Weighted average number of common shares outstanding - fully diluted	9,413,581	9,413,581
Net income (loss) per share - diluted	$0	($0.01)

Condensed_Interim_Statements_o1

Condensed Interim Statements of Cash Flows (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Cash provided by (used in) Operating activities	'	'
Net income (loss) attributable to the company	($29,035)	($40,449)
Gain on sale of marketable securities	0	-24,318
Imputed interest on amounts due to related party	6,387	7,812
Value of services contributed by officer of the Company	3,125	0
Changes in non-cash operating working capital:	'	'
Prepaid expenses and deposits	0	6,469
Accounts payable and accrued liabilities	1,978	-23,184
Net Cash Provided by (Used in) Operating Activities	-17,545	-73,670
Financing activities	'	'
Proceeds from the exercise of stock options	0	0
Net Cash Provided by (Used in) Financing Activities	0	0
Investing activities	'	'
Proceeds from (payment to) related party	28,512	-103,088
Proceeds from the sale of marketable securities	0	183,667
Net Cash Provided by (Used in) Investing Activities	28,512	80,579
Net increase in cash	10,967	6,909
Cash, beginning of period	823	12,091
Cash, end of period	11,790	19,000
Supplementary information	'	'
Interest paid	0	0
Income taxes paid	$0	$0

BASIS_OF_PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Mar. 31, 2014
BASIS OF PRESENTATION [Text Block]	'
	NOTE 1 - BASIS OF PRESENTATION
	The unaudited interim condensed financial statements of Mindesta Inc. (the “Company” and formerly “Industrial Minerals, Inc.”), for the three month period ended March 31, 2014 and the notes thereto (the “Financial Statements”) have been prepared in accordance with generally accepted accounting principles for interim financial information with the instructions to Form 10-Q and Rule 8-03 of Regulation S-X. Accordingly, the Financial Statements do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of the Company's management, all adjustments (consisting of only normal accruals) considered necessary for a fair presentation have been included.
	The Company is an Exploration Stage Company that incurred a net loss of $29,035 for the three months ended March 31, and has an accumulated deficit of $12,954,835 since the inception of the Company. Current liabilities exceed current assets by $262,649. The Company’s ability to continue as a going concern is dependent upon its ability to raise additional capital to pay expenses and carry out any further exploration activities. The Company will require significant financing to continue its operations and fund any further activities. There is a high degree of risk and many inherent uncertainties in mining operations and exploration activities and management cannot provide assurances that it will be successful in any future endeavors.
	The Company’s ability to continue as a going concern is dependent upon its ability to raise additional capital for operating and administrative costs. However, there is a high degree of risk and many inherent uncertainties in the natural resource development industry and management cannot provide assurances that it will be successful. The accompanying financial statements do not include any adjustments that might result from negative outcomes with respect to these uncertainties.
	For further information, refer to the financial statements and notes thereto included in the Company's Annual Report on Form 10K for the year ended December 31, 2013.
	The Company's fiscal year-end is December 31.

ORGANIZATION_AND_ACCOUNTING_PO

ORGANIZATION AND ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2014
ORGANIZATION AND ACCOUNTING POLICIES [Text Block]	'
	NOTE 2 – ORGANIZATION AND ACCOUNTING POLICIES
	(a) Organization
	Mindesta, Inc. was incorporated on November 6, 1996, as Winchester Mining Corporation in the State of Delaware. On May 13, 2000, in connection with its merger with Hi-Plains Energy Corp., the Company changed its name from Winchester Mining Corporation to PNW Capital, Inc. On January 31, 2002, the Company acquired 91% of the outstanding shares of Industrial Minerals, Inc. On May 2, 2002, the Company merged the remaining 9% of Industrial Minerals, Inc. into PNW Capital, Inc. and changed its name to Industrial Minerals, Inc. Operations have been historically carried out through the Company’s former subsidiary, Northern Graphite Corporation (“Northern”), formerly Industrial Minerals Canada Inc. Northern owns a 100% interest in the Bissett Creek graphite property located in Renfrew County in the Province of Ontario, Canada (the “Bissett Creek Property”). As a result of a number of financings and other transactions, including an initial public offering by Northern, the Company’s interest in Northern was reduced from 100% to 26.1% as at December 31, 2011. On December 12, 2011, the Board of Directors declared a pro rata dividend-in-kind, payable January 25, 2012 to shareholders whereby most of the shares of Northern owned by the Company would be distributed to Mindesta shareholders. At the close of trading on January 25, 2012, Mindesta completed the distribution to Company shareholders of 9,413,581 shares of Northern owned by the Company on the basis of one share of Northern for each share of Company common stock held. As at September 30, 2013, the Company no longer held any shares in Northern. Effective July 26, 2011, the Company changed its name to “Mindesta Inc.” and consolidated its stock on a 20:1 basis. The Company trades on the OTCBB under the symbol MDST.
	(b) Recently Adopted Pronouncements
	There were no recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force) and the SEC that have or believed to have a material impact on the Company's present or future financial statements.

MARKETABLE_SECURITIES_AND_INVE

MARKETABLE SECURITIES AND INVESTMENT IN NON-CONSOLIDATED AFFILIATE	3 Months Ended
	Mar. 31, 2014
MARKETABLE SECURITIES AND INVESTMENT IN NON-CONSOLIDATED AFFILIATE [Text Block]	'
	NOTE 3 – MARKETABLE SECURITIES AND INVESTMENT IN NON-CONSOLIDATED AFFILIATE
	As at March 31, 2014, the Company no longer held any shares of Northern. As at December 31, 2012, the Company recorded its investment in Northern, a non-consolidated affiliate, at cost.
	Investment	$
	Balance at carrying value as at December 31, 2012	53,363
	Sale of marketable securities	(53,363	)
	Balance at carrying value as at December 31, 2013 and March 31, 2014	-
	Following the payment of the stock dividend on January 25, 2012, the Company’s investment in Northern was reclassified as an available-for-sale security and was reflected as marketable securities in the current asset section of the Balance Sheet. The following table summarizes the Company’s available-for sale securities as of December 31, 2012:
	Equity securities	Cost		Gross unrealized gains	Fair value
	Outstanding	53,363		110,969	164,332
	During the three month period ended March 31, 2013, the Company recorded a gain on sale of marketable securities of $24,318.

PRESENTATION_OF_INTERIM_INFORM

PRESENTATION OF INTERIM INFORMATION	3 Months Ended
	Mar. 31, 2014
PRESENTATION OF INTERIM INFORMATION [Text Block]	'
	NOTE 4 - PRESENTATION OF INTERIM INFORMATION
	The accompanying interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and, in the opinion of management, include all normal adjustments considered necessary to present fairly the financial position as of March 31, 2014 and the results of operations and cash flows for the three month periods ended March 31, 2014 and 2013. Interim results are not necessarily indicative of results for a full year.
	The Financial Statements are presented as permitted by Form 10-Q, and do not include information included in the Company's audited financial statements and notes for the year ended December 31, 2013.

STOCKHOLDERS_EQUITY

STOCKHOLDERS EQUITY	3 Months Ended
	Mar. 31, 2014
STOCKHOLDERS EQUITY [Text Block]	'
	NOTE 5 – STOCKHOLDER’S EQUITY
	A. COMMON STOCK
	The number of common shares outstanding at March 31, 2014 and December 31, 2013 were as follows:
		Number		$
	Outstanding at March 31, 2014 and December 31, 2013	9,413,581		18,817
	B. DIVIDENDS
	On December 12, 2011, the Board of Directors declared a pro rata dividend-in-kind on the basis of one share of Northern for each share of Company held, payable January 25, 2012 to shareholders of record as at January 5, 2012. The Company recorded $3,274,072 of dividends and dividends payable in the year ending December 31, 2011 related to the declared dividend-in-kind.
	C. COMMON STOCK OPTIONS
	The Company adopted ASC 718 (formerly SFAS 123) “Stock-Based Compensation”, effective April 1, 2007. Compensation cost for the Company’s stock options have been determined in accordance with the fair value based method prescribed as ASC 718. The fair value of option grants is estimated on the date of grant utilizing the Black-Scholes option pricing model. The fair value of each option is estimated on the date of the grant using the Black-Scholes option-pricing model.
	On July 26, 2011, the Company consolidated its common stock on a 20:1 basis. All common stock numbers and stock option numbers have been restated to reflect the consolidation.
	On April 19, 2011, the Company granted stock options to purchase 112,500 common shares at a price of $1.40 per share until April 19, 2016. All options vested immediately. The fair value of the option grant was estimated using the Black-Scholes option-pricing model with the following assumptions: expected volatility of 220%; risk-free interest rate of 2.09%; and an expected term of 5 years.
	On March 15, 2012, the Company granted stock options to purchase 650,000 common shares at a price of $0.10 per share until March 15, 2017. All options vested immediately. The fair value of the option grant was estimated using the Black-Scholes option-pricing model with the following assumptions: expected volatility of 122%; risk-free interest rate of 1.11%; and an expected term of 5 years.
	The following table summarizes stock option activity for the three months ended March 31, 2014:
		Number of securities to
		be issued upon exercise		Weighted-average exercise
	Equity compensation plans not approved by security holders	of outstanding options		price of outstanding options
	Outstanding at March 31, 2014 and December 31, 2013	762,500	$	0.29
	Exercisable at March 31, 2014 – 762,500.
	The Company had no stock compensation expense for the three months ending March 31, 2014 and 2013.
	D. EARNINGS PER SHARE
	The basic and fully-diluted weighted average number of common shares outstanding was as follows:
	For the three months ended:
	31-Mar-14	9,413,581
	31-Mar-13	9,413,581
	For the three months ended March 31, 2014 and 2013, the inclusion of common stock equivalents in the calculation of the weighted average number of shares is anti-dilutive.

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Mar. 31, 2014
RELATED PARTY TRANSACTIONS [Text Block]	'
	NOTE 6 – RELATED PARTY TRANSACTIONS
	a)	On October 6, 2011, the Board of Directors approved a revolving loan agreement between Mindesta Inc., as the lender, and Nubian Gold Corporation (“Nubian”), as the borrower, to fund the ongoing exploration activities of Nubian in anticipation of the companies negotiating and entering into a property option agreement with respect to Nubian’s two initial exploration licenses, Arapsyo and Qabri Bahar, located in the Republic of Somaliland. Nubian is a corporation incorporated under the laws of Ontario, Canada and Gregory Bowes, CEO, is its major shareholder. Mr. Bowes is also an officer and director of Mindesta. Mr. Bowes declared his conflict of interest to the Board of Directors and abstained from voting on the consent resolution approving the revolving loan agreement. On December 2, 2011, this facility was amended to increase the maximum of the revolving loan agreement credit facility. Under the revolving loan agreement, all amounts due from Nubian to the Company were provided under a $150,000 credit facility which was repayable upon the earlier of one year from the date of the agreement or the signing of a property option agreement. The terms stated that the revolving loan agreement becomes repayable upon the signing of a property option agreement and that all obligations of Nubian would be applied against the expenditure requirements of the Company under the property option agreement. Upon the inception of property option agreement, the obligations were considered paid in full, and the revolving loan agreement was terminated and had no further force or effect. Advances under the facility bore interest from October 6, 2011 at an annual rate of 7.5 per cent, payable annually, or earlier at anytime that the advances are repaid in full.
		Mindesta entered into the option agreement with Nubian, effective January 2, 2012. As at January 2, 2012, Nubian had received advances of $127,994 under the revolving loan agreement and the Company had accrued $1,025 of interest receivable. As per the terms of the revolving loan agreement, Nubian applied these advances as expenditures under the option agreement and Mindesta recorded $127,944 of exploration expenses related to these expenses during 2012. In addition, Mindesta incurred $630,750 of exploration expenses during 2012 and accrued a payable of $100,000 for mineral properties under the option agreement, to Nubian. Mindesta can earn a 50% interest in the initial two permits and any other permits obtained in Somaliland during the option agreement by incurring total exploration expenditures of $2 million within two years and can increase its interest to 80 percent by completing a bankable feasibility study. The mineral property was written off during the year ended December 31, 2012 (Note 8).
	b)	Effective August 1, 2012, the Board of Directors approved a loan agreement between Nubian and Bowes & Company, as the lenders, and Mindesta Inc., as the borrower, to fund the ongoing exploration activities of Mindesta Inc. Nubian and Bowes & Company are corporations incorporated under the laws of Ontario, Canada and Gregory Bowes is the CEO and major shareholder of both companies. Mr. Bowes is also an officer and director of Mindesta. Mr. Bowes declared his conflict of interest to the Board of Directors and abstained from voting on the consent resolution approving the revolving loan agreement. Under this loan agreement, all amounts due from Mindesta to Nubian and Bowes & Company are provided under a $250,000 credit facility which is repayable upon the termination date of December 31, 2012. Any obligation outstanding after the Termination Date shall accrue interest at a rate of 7.5% per annum. Under the terms of the loan agreement, Mindesta is required to sell its remaining shares of Northern as they are released from escrow and remit all proceeds to Bowes & Company, until all obligations to Bowes & Company are satisfied, and then shall remit any further proceeds to Nubian until all obligations to Nubian are satisfied. All advances under this facility bear interest from August 1, 2012 at an annual rate of 7.5 percent, payable annually, or earlier at anytime that the advances are repaid in full. At any time, before or after the termination date, Bowes & Company and Nubian shall have the right to convert any part of, or all of, the obligations into common shares of Mindesta Inc. at a price of $0.075 per share. During the three months ending March 31, 2014 no payments were made under this facility (2013 - $87,602) were made on amounts owing under this credit facility. As at March 31, 2014 $242,685 (December 31, 2013, $214,173) of principal and accrued interest was outstanding related to this credit facility, and is included in the amount listed as due to related parties in the table below. At March 31, 2014, $25,334 (December 31, 2013, $21,483) of interest was accrued in respect of this obligation. Additional interest of $31,615 (December 31, 2013 - $25,228) was imputed on this loan to approximate a market interest rate. This interest has been recognized in general and administration expense and additional paid-in capital, as the imputed interest is not payable.
			As at	As at
	Due to related parties		31-Mar-14	31-Dec-13
	Due to Nubian		109,567	108,742
	Due to Bowes & Company		92,694	105,431
	Due to Greg Bowes		40,424
	Total due to related parties		242,685	214,173
	As at March 31, 2014, an amount of $15,625 (December 31, 2013 - $12,500) was recorded as management fees and additional paid in capital to reflect the value of services contributed to the Company by an officer and shareholder of the Company. As at March 31, 2014 and December 31, 2013, accounts payable and accrued liabilities did not include any amounts due to directors and to companies controlled by directors for professional management fees related to the services of the directors and officers.

MINERAL_PROPERTIES

MINERAL PROPERTIES	3 Months Ended
	Mar. 31, 2014
MINERAL PROPERTIES [Text Block]	'
	NOTE 7 – MINERAL PROPERTIES
	Although the Company has taken steps to verify title to mineral properties in which it has an interest in accordance with industry standards for the current stage of exploration of such properties, these procedures do not guarantee the title of the mineral properties in which it has an interest. Property title may be subject to unregistered prior agreements and non-compliance with regulatory requirements.
	Mining Option Agreement – Nubian
	Effective January 2, 2012, Mindesta entered into an option agreement with Nubian, a privately owned Ontario company, which initially held title to two mineral exploration permits, in the Republic of Somaliland (note 6). During 2012, Nubian obtained a third exploration permit in Somaliland. Under the option agreement, Mindesta can earn a 50% interest in the permits by incurring total exploration expenditures of $2 million within two years and can increase its interest to 80 percent by completing a bankable feasibility study. Mindesta has incurred the first $750,000 of exploration expenditures on this project which represented a firm commitment. Mindesta also has the option to acquire all of Nubian’s remaining interest in the permits at fair market value as determined by an independent valuator at any time after incurring the first $750,000 of exploration expenditures. As of the two year anniversary of the option agreement with Nubian on January 2, 2014, the Company had not incurred the required total exploration expenditures of $2 million and thereby, relinquished all rights under the option agreement.
	The Company recorded acquisition costs of $100,000 related to the option agreement with Nubian. During the year ended December 31, 2012 the Company recorded an impairment of acquisition costs of $100,000 due to uncertainty with respect to the Company’s ability to expend the required $2 million within two years to earn its interest. During the first three months of 2014, the Company did not incur additional exploration expenses related to the option agreement (December 31, 2013 - $14,954).

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2014
COMMITMENTS AND CONTINGENCIES [Text Block]	'
	NOTE 8 - COMMITMENTS AND CONTINGENCIES
	The Company has been named in a lawsuit filed by Windale Properties in the amount of CDN$19,781. The claim is the result of termination of leased premises in Oakville, Ontario prior to expiry of the lease. No amount related to this contingency has been accrued as the outcome at this time is indeterminable.

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2014
SUBSEQUENT EVENTS [Text Block]	'
	NOTE 9 – SUBSEQUENT EVENT
	Mindesta Inc. is in the process of completing a non brokered private placement which is expected to consist of the sale of 15,783,332 units at a price of $0.015 per unit for expected total proceeds of $236,750. Each unit will consist of one common share and one half of a share purchase warrant. Each whole warrant will entitle the holder to purchase one common share at a price of $0.0175 until December 31, 2016.

MARKETABLE_SECURITIES_AND_INVE1

MARKETABLE SECURITIES AND INVESTMENT IN NON-CONSOLIDATED AFFILIATE (Tables)	3 Months Ended
	Mar. 31, 2014
Schedule of Investment [Table Text Block]	'
	Investment	$
	Balance at carrying value as at December 31, 2012	53,363
	Sale of marketable securities	(53,363	)
	Balance at carrying value as at December 31, 2013 and March 31, 2014	-
Schedule of Equity Securities [Table Text Block]	'
	Equity securities	Cost		Gross unrealized gains	Fair value
	Outstanding	53,363		110,969	164,332

STOCKHOLDERS_EQUITY_Tables

STOCKHOLDERS EQUITY (Tables)	3 Months Ended
	Mar. 31, 2014
Schedule of Common Stock Outstanding [Table Text Block]	'
		Number		$
	Outstanding at March 31, 2014 and December 31, 2013	9,413,581		18,817
Schedule of Stock Options, Activity [Table Text Block]	'
		Number of securities to
		be issued upon exercise		Weighted-average exercise
	Equity compensation plans not approved by security holders	of outstanding options		price of outstanding options
	Outstanding at March 31, 2014 and December 31, 2013	762,500	$	0.29
Schedule Of Basic Weighted Average Number Of Shares Before and After Stock Consolidation [Table Text Block]	'
	For the three months ended:
	31-Mar-14	9,413,581
	31-Mar-13	9,413,581

RELATED_PARTY_TRANSACTIONS_Tab

RELATED PARTY TRANSACTIONS (Tables)	3 Months Ended
	Mar. 31, 2014
Schedule Of Due To Related Party Transactions [Table Text Block]	'
		As at	As at
	Due to related parties	31-Mar-14	31-Dec-13
	Due to Nubian	109,567	108,742
	Due to Bowes & Company	92,694	105,431
	Due to Greg Bowes	40,424
	Total due to related parties	242,685	214,173

BASIS_OF_PRESENTATION_Narrativ

BASIS OF PRESENTATION (Narrative) (Details) (USD $)	3 Months Ended
	Mar. 31, 2014
Basis Of Presentation 1	$29,035
Basis Of Presentation 2	12,954,835
Basis Of Presentation 3	$262,649

ORGANIZATION_AND_ACCOUNTING_PO1

ORGANIZATION AND ACCOUNTING POLICIES (Narrative) (Details)	3 Months Ended
	Mar. 31, 2014
Organization And Accounting Policies 1	91.00%
Organization And Accounting Policies 2	9.00%
Organization And Accounting Policies 3	100.00%
Organization And Accounting Policies 4	100.00%
Organization And Accounting Policies 5	26.10%
Organization And Accounting Policies 6	9,413,581

MARKETABLE_SECURITIES_AND_INVE2

MARKETABLE SECURITIES AND INVESTMENT IN NON-CONSOLIDATED AFFILIATE (Narrative) (Details) (USD $)	3 Months Ended
	Mar. 31, 2014
Marketable Securities And Investment In Non-consolidated Affiliate 1	$24,318

STOCKHOLDERS_EQUITY_Narrative_

STOCKHOLDERS EQUITY (Narrative) (Details) (USD $)	3 Months Ended
	Mar. 31, 2014
	Y
Stockholders Equity 1	$3,274,072
Stockholders Equity 2	112,500
Stockholders Equity 3	$1.40
Stockholders Equity 4	220.00%
Stockholders Equity 5	2.09%
Stockholders Equity 6	5
Stockholders Equity 7	650,000
Stockholders Equity 8	$0.10
Stockholders Equity 9	122.00%
Stockholders Equity 10	1.11%
Stockholders Equity 11	5
Stockholders Equity 12	762,500

RELATED_PARTY_TRANSACTIONS_Nar

RELATED PARTY TRANSACTIONS (Narrative) (Details) (USD $)	3 Months Ended
	Mar. 31, 2014
Related Party Transactions 1	$150,000
Related Party Transactions 2	7.50%
Related Party Transactions 3	127,994
Related Party Transactions 4	1,025
Related Party Transactions 5	127,944
Related Party Transactions 6	630,750
Related Party Transactions 7	100,000
Related Party Transactions 8	50.00%
Related Party Transactions 9	2,000,000
Related Party Transactions 10	80.00%
Related Party Transactions 11	250,000
Related Party Transactions 12	7.50%
Related Party Transactions 13	7.50%
Related Party Transactions 14	$0.08
Related Party Transactions 15	87,602
Related Party Transactions 16	242,685
Related Party Transactions 17	214,173
Related Party Transactions 18	25,334
Related Party Transactions 19	21,483
Related Party Transactions 20	31,615
Related Party Transactions 21	25,228
Related Party Transactions 22	15,625
Related Party Transactions 23	$12,500

MINERAL_PROPERTIES_Narrative_D

MINERAL PROPERTIES (Narrative) (Details) (USD $)	3 Months Ended
	Mar. 31, 2014
Mineral Properties 1	50.00%
Mineral Properties 2	$2,000,000
Mineral Properties 3	80.00%
Mineral Properties 4	750,000
Mineral Properties 5	750,000
Mineral Properties 6	2,000,000
Mineral Properties 7	100,000
Mineral Properties 8	100,000
Mineral Properties 9	2,000,000
Mineral Properties 10	$14,954

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES (Narrative) (Details) (CAD)	3 Months Ended
	Mar. 31, 2014
Commitments And Contingencies 1	19,781

SUBSEQUENT_EVENTS_Narrative_De

SUBSEQUENT EVENTS (Narrative) (Details) (USD $)	3 Months Ended
	Mar. 31, 2014
Subsequent Events 1	15,783,332
Subsequent Events 2	$0.02
Subsequent Events 3	$236,750
Subsequent Events 4	$0.02

Schedule_of_Investment_Details

Schedule of Investment (Details) (USD $)	3 Months Ended
	Mar. 31, 2014
Marketable Securities And Investment In Non-consolidated Affiliate Schedule Of Investment 1	$53,363
Marketable Securities And Investment In Non-consolidated Affiliate Schedule Of Investment 2	-53,363
Marketable Securities And Investment In Non-consolidated Affiliate Schedule Of Investment 3	$0

Schedule_of_Equity_Securities_

Schedule of Equity Securities (Details) (USD $)	3 Months Ended
	Mar. 31, 2014
Marketable Securities And Investment In Non-consolidated Affiliate Schedule Of Equity Securities 1	$53,363
Marketable Securities And Investment In Non-consolidated Affiliate Schedule Of Equity Securities 2	110,969
Marketable Securities And Investment In Non-consolidated Affiliate Schedule Of Equity Securities 3	$164,332

Schedule_of_Common_Stock_Outst

Schedule of Common Stock Outstanding (Details) (USD $)	3 Months Ended
	Mar. 31, 2014
Stockholders Equity Schedule Of Common Stock Outstanding 1	$9,413,581
Stockholders Equity Schedule Of Common Stock Outstanding 2	$18,817

Schedule_of_Stock_Options_Acti

Schedule of Stock Options, Activity (Details) (USD $)	3 Months Ended
	Mar. 31, 2014
Stockholders Equity Schedule Of Stock Options, Activity 1	$762,500
Stockholders Equity Schedule Of Stock Options, Activity 2	0.29

Schedule_Of_Basic_Weighted_Ave

Schedule Of Basic Weighted Average Number Of Shares Before and After Stock Consolidation (Details) (USD $)	3 Months Ended
	Mar. 31, 2014
Stockholders Equity Schedule Of Basic Weighted Average Number Of Shares Before And After Stock Consolidation 1	$9,413,581
Stockholders Equity Schedule Of Basic Weighted Average Number Of Shares Before And After Stock Consolidation 2	$9,413,581

Schedule_Of_Due_To_Related_Par

Schedule Of Due To Related Party Transactions (Details) (USD $)	3 Months Ended
	Mar. 31, 2014
Related Party Transactions Schedule Of Due To Related Party Transactions 1	$109,567
Related Party Transactions Schedule Of Due To Related Party Transactions 2	108,742
Related Party Transactions Schedule Of Due To Related Party Transactions 3	92,694
Related Party Transactions Schedule Of Due To Related Party Transactions 4	105,431
Related Party Transactions Schedule Of Due To Related Party Transactions 5	40,424
Related Party Transactions Schedule Of Due To Related Party Transactions 6	242,685
Related Party Transactions Schedule Of Due To Related Party Transactions 7	$214,173