International Tower Hill Mines (THM) 10-Q 5 Nov 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2014	Nov. 03, 2014
Document and Entity Information	'	'
Entity Registrant Name	'INTERNATIONAL TOWER HILL MINES LTD	'
Entity Central Index Key	'0001134115	'
Document Type	'10-Q	'
Document Period End Date	30-Sep-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--12-31	'
Entity Current Reporting Status	'Yes	'
Entity Filer Category	'Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	98,068,638
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2014	Dec. 31, 2013
Current assets	'	'
Cash and cash equivalents	$7,861,603	$13,925,601
Marketable securities	34,796	55,002
Accounts receivable	43,030	11,589
Prepaid expenses	220,098	200,731
Total current assets	8,159,527	14,192,923
Restricted cash	'	30,477
Property and equipment	56,069	67,913
Capitalized acquisition costs	55,204,041	55,173,564
Total assets	63,419,637	69,464,877
Current liabilities	'	'
Accounts payable	234,378	42,469
Accrued liabilities	421,860	1,451,227
Total current liabilities	656,238	1,493,696
Non-current liabilities	'	'
Derivative liability	15,100,000	14,800,000
Total liabilities	15,756,238	16,293,696
Shareholders' equity	'	'
Share capital, no par value; authorized 500,000,000 shares; 98,068,638 shares issued and outstanding at June 30, 2014 and December 31, 2013	236,401,096	236,401,096
Contributed surplus	33,294,743	32,153,864
Accumulated other comprehensive income	2,485,247	3,021,281
Deficit	-224,517,687	-218,405,060
Total shareholders' equity	47,663,399	53,171,181
Total liabilities and shareholders' equity	$63,419,637	$69,464,877

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Sep. 30, 2014	Dec. 31, 2013
CONDENSED CONSOLIDATED BALANCE SHEETS	'	'
Share capital, par value	$0	$0
Share capital, authorized shares	500,000,000	500,000,000
Share capital, shares issued	98,068,638	98,068,638
Share capital, shares outstanding	98,068,638	98,068,638

CONDENSED_CONSOLIDATED_INTERIM

CONDENSED CONSOLIDATED INTERIM STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Operating Expenses	'	'	'	'
Consulting fees	$114,361	$441,993	$232,650	$1,560,440
Depreciation	3,950	5,445	11,844	16,361
Insurance	71,923	73,123	205,206	215,962
Investor relations	28,925	61,685	197,356	256,720
Mineral property exploration	557,735	1,621,127	1,957,849	6,868,226
Office	14,290	21,953	51,324	77,144
Other	5,424	11,246	22,755	44,238
Professional fees	86,711	89,384	321,558	363,116
Regulatory	14,853	5,295	102,025	117,651
Rent	56,520	53,924	165,811	171,093
Travel	33,582	48,367	89,441	176,409
Wages and benefits	782,868	1,426,493	2,802,423	5,066,580
Total operating expenses	-1,771,142	-3,860,035	-6,160,242	-14,933,940
Other income (expenses)	'	'	'	'
Gain (loss) on foreign exchange	186,038	-287,591	301,598	622,232
Interest income	14,198	22,865	46,017	80,384
Impairment of available-for-sale securities	'	'	'	-298,769
Unrealized gain/(loss) on derivative	400,000	'	-300,000	5,700,000
Total other income (expense)	600,236	-264,726	47,615	6,103,847
Net loss for the period	-1,170,906	-4,124,761	-6,112,627	-8,830,093
Other comprehensive income (loss)	'	'	'	'
Unrealized loss on marketable securities	-5,799	18,777	-17,651	-100,335
Impairment of available-for-sale securities	'	'	'	298,769
Exchange difference on translating foreign operations	-385,516	408,736	-518,383	-787,976
Total other comprehensive income (loss) for the period	-391,315	427,513	-536,034	-589,542
Comprehensive loss for the period	($1,562,221)	($3,697,248)	($6,648,661)	($9,419,635)
Basic and fully diluted net loss per share	($0.01)	($0.04)	($0.06)	($0.09)
Weighted average number of shares outstanding (in shares)	98,068,638	98,068,638	98,068,638	98,068,638

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (USD $)	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Retained Earnings [Member]	Total
Balance at Dec. 31, 2012	$236,401,096	$28,589,591	$4,101,968	($208,552,580)	$60,540,075
Balance (in shares) at Dec. 31, 2012	98,068,638	'	'	'	'
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'
Stock based compensation	'	3,654,224	'	'	3,654,224
Unrealized gain (loss) on available-for-sale securities	'	'	-100,335	'	-100,335
Impairment of available-for-sale securities	'	'	298,769	'	298,769
Exchange difference on translating foreign operations	'	'	-787,976	'	-787,976
Loss for the period	'	'	'	-8,830,093	-8,830,093
Balance at Sep. 30, 2013	236,401,096	32,243,815	3,512,426	-217,382,673	54,774,664
Balance (in shares) at Sep. 30, 2013	98,068,638	'	'	'	'
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'
Stock based compensation	'	-89,951	'	'	-89,951
Unrealized gain (loss) on available-for-sale securities	'	'	-18,582	'	-18,582
Exchange difference on translating foreign operations	'	'	-472,563	'	-472,563
Loss for the period	'	'	'	-1,022,387	-1,022,387
Balance at Dec. 31, 2013	236,401,096	32,153,864	3,021,281	-218,405,060	53,171,181
Balance (in shares) at Dec. 31, 2013	98,068,638	'	'	'	98,068,638
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'
Stock based compensation	'	1,140,879	'	'	1,140,879
Unrealized gain (loss) on available-for-sale securities	'	'	-17,651	'	-17,651
Exchange difference on translating foreign operations	'	'	-518,383	'	-518,383
Loss for the period	'	'	'	-6,112,627	-6,112,627
Balance at Sep. 30, 2014	$236,401,096	$33,294,743	$2,485,247	($224,517,687)	$47,663,399
Balance (in shares) at Sep. 30, 2014	98,068,638	'	'	'	98,068,638

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Operating Activities	'	'
Loss for the period	($6,112,627)	($8,830,093)
Add items not affecting cash:	'	'
Depreciation	11,844	16,361
Stock based compensation	1,140,879	3,654,224
Unrealized (gain) loss on derivative liability	300,000	-5,700,000
Impairment of available-for-sale securities	'	298,769
Changes in non-cash items:	'	'
Accounts receivable	-2,746	345,426
Prepaid expenses	-25,933	28,921
Advance to contractors	'	99,975
Accounts payable and accrued liabilities	-832,054	-2,603,659
Cash used in operating activities	-5,520,637	-12,690,076
Investing Activities	'	'
Change in restricted cash	30,477	'
Capitalized acquisition costs	-30,477	'
Effect of foreign exchange on cash	-543,361	-869,790
Decrease in cash and cash equivalents	-6,063,998	-13,559,866
Cash and cash equivalents, beginning of period	13,925,601	30,170,905
Cash and cash equivalents, end of period	$7,861,603	$16,611,039

GENERAL_INFORMATION_NATURE_AND

GENERAL INFORMATION, NATURE AND CONTINUANCE OF OPERATIONS	9 Months Ended
	Sep. 30, 2014
GENERAL INFORMATION, NATURE AND CONTINUANCE OF OPERATIONS	'
GENERAL INFORMATION, NATURE AND CONTINUANCE OF OPERATIONS	'
	1.GENERAL INFORMATION, NATURE AND CONTINUANCE OF OPERATIONS
	International Tower Hill Mines Ltd. (“ITH” or the “Company”) is incorporated under the laws of British Columbia, Canada.  The Company’s head office address is 2300-1177 West Hastings Street, Vancouver, British Columbia, Canada.  International Tower Hill Mines Ltd. consists of ITH and its wholly owned subsidiaries Tower Hill Mines, Inc. (“TH Alaska”) (an Alaska corporation), Tower Hill Mines (US) LLC (“TH US”) (a Colorado limited liability company), Livengood Placers, Inc. (“LPI”) (a Nevada corporation), and 813034 Alberta Ltd. (an Alberta corporation).  The Company is in the business of acquiring, exploring and evaluating mineral properties, and either joint venturing or developing these properties further or disposing of them when the evaluation is completed.  At September 30, 2014, the Company was in the exploration stage and controls a 100% interest in its Livengood Gold Project in Alaska, U.S.A.
	The business of mining and exploration involves a high degree of risk and there can be no assurance that current exploration programs will result in profitable mining operations.  The Company has no source of revenue, and has significant cash requirements to meet its administrative overhead and maintain its mineral property interests.  The recoverability of amounts shown for capitalized acquisition costs is dependent on several factors.  These include the discovery of economically recoverable reserves, the ability of the Company to obtain the necessary financing to complete the development of these properties, and future profitable production or proceeds from disposition of capitalized acquisition costs.  The success of the above initiatives cannot be assured.  In the event that the Company is unable to obtain the necessary financing in the short-term, it may be necessary to defer certain discretionary expenditures and other planned activities.

BASIS_OF_PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Sep. 30, 2014
BASIS OF PRESENTATION	'
BASIS OF PRESENTATION	'
	2.BASIS OF PRESENTATION
	These unaudited condensed consolidated interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X under the Securities Exchange Act of 1934, as amended.  Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for annual financial statements. These unaudited condensed consolidated interim financial statements should be read in conjunction with the audited consolidated financial statements for the year ended December 31, 2013 as filed in our Annual Report on Form 10-K.  In the opinion of the Company’s management these financial statements reflect all adjustments, consisting of normal recurring adjustments, necessary to present fairly the Company’s financial position at September 30, 2014 and the results of its operations for the nine months then ended.  Operating results for the nine months ended September 30, 2014 are not necessarily indicative of the results that may be expected for the year ending December 31, 2014.  The 2013 year-end balance sheet data was derived from audited financial statements but does not include all disclosures required by U.S. GAAP.
	The preparation of financial statements in conformity with U.S. GAAP requires management to make judgments, estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the period.  These judgments, estimates and assumptions are continuously evaluated and are based on management’s experience and knowledge of the relevant facts and circumstances.  While management believes the estimates to be reasonable, actual results could differ from those estimates and could impact future results of operations and cash flows.
	Basis of consolidation
	These consolidated financial statements include the accounts of ITH and its wholly owned subsidiaries TH Alaska, TH US, LPI and 813034 Alberta Ltd.  All intercompany transactions and balances have been eliminated.
	Recently adopted accounting pronouncements
	In June 2014, the Financial Accounting Standards Board issued Accounting Standards Update 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements (“ASU 2014-10”).  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 are effective for annual reporting periods beginning after December 15, 2014, and interim periods within those annual periods.  Early adoption of this standard is permitted and the Company adopted the provisions of ASU 2014-10 during the quarter ended June 30, 2014.  The adoption of ASU 2014-10 impacts the presentation of the statements of operations and comprehensive income and the statements of cash flows as these statements no longer contain financial information from the inception of the Company to the date of the financial statements.

FAIR_VALUE_OF_FINANCIAL_INSTRU

FAIR VALUE OF FINANCIAL INSTRUMENTS	9 Months Ended
	Sep. 30, 2014
FAIR VALUE OF FINANCIAL INSTRUMENTS	'
FAIR VALUE OF FINANCIAL INSTRUMENTS	'
	3.FAIR VALUE OF FINANCIAL INSTRUMENTS
	The carrying values of cash and cash equivalents, accounts receivable and accounts payable and accrued liabilities approximate their fair values due to the short-term maturity of these financial instruments.
	Financial instruments measured at fair value are classified into one of three levels in the fair value hierarchy according to the significance of the inputs used in making the measurement.  The three levels of the fair value hierarchy are as follows:
		·		Level 1 — Unadjusted quoted prices in active markets for identical assets or liabilities;
		·		Level 2 — Inputs other than quoted prices that are observable for the asset or liability either directly or indirectly; and
		·		Level 3 — Inputs that are not based on observable market data.
			Fair value as at September 30, 2014
			Level 1		Level 2
	Financial assets:
	Marketable securities		$	34,796	$	—
	Total		$	34,796	$	—
	Financial liabilities:
	Derivative liability (note 6)		$	—	$	15,100,000
	Total		$	—	$	15,100,000
			Fair value as at December 31, 2013
			Level 1		Level 2
	Financial assets:
	Marketable securities		$	55,002	$	—
	Total		$	55,002	$	—
	Financial liabilities:
	Derivative liability (note 6)		$	—	$	14,800,000
	Total		$	—	$	14,800,000

CAPITALIZED_ACQUISITION_COSTS

CAPITALIZED ACQUISITION COSTS	9 Months Ended
	Sep. 30, 2014
CAPITALIZED ACQUISITION COSTS	'
CAPITALIZED ACQUISITION COSTS	'
	4.CAPITALIZED ACQUISITION COSTS
	The Company had the following activity related to capitalized acquisition costs:
	Capitalized acquisition costs		Amount
	Balance, December 31, 2013		$	55,173,564
	Acquisition costs		30,477
	Balance, September 30, 2014		$	55,204,041
	The following table presents costs incurred for exploration and evaluation activities for the nine months ended September 30, 2014 and September 30, 2013:
			September 30,		September 30,
			2014		2013
	Exploration costs:
	Aircraft services		$	10,286	$	62,915
	Assay		6,397		10,924
	Drilling		117,743		(28,714		)
	Environmental		748,667		1,776,134
	Equipment rental		43,097		332,193
	Field costs		181,194		752,928
	Geological/geophysical		18,539		3,253,822
	Land maintenance & tenure		525,972		414,351
	Legal		250,223		170,756
	Surveying and mapping		26,502		74,084
	Transportation and travel		29,229		48,833
	Total expenditures for the period		$	1,957,849	$	6,868,226
	Livengood Gold Project Property
	The Livengood Gold Project property is located in the Tintina gold belt approximately 113 kilometers (70 miles) northwest of Fairbanks, Alaska.  The property consists of land leased from the Alaska Mental Health Trust, a number of smaller private mineral leases, Alaska state mining claims purchased or located by the Company and patented ground held by the Company.
	Details of the leases are as follows:
		a)		a lease of the Alaska Mental Health Trust mineral rights having a term beginning July 1, 2004 and extending 19 years until June 30, 2023, subject to further extensions beyond June 30, 2023 by either commercial production or payment of an advance minimum royalty equal to 125% of the amount paid in year 19 and diligent pursuit of development.  The lease requires minimum work expenditures and advance minimum royalties which escalate annually with inflation.  A net smelter return (“NSR”) production royalty of between 2.5% and 5.0% (depending upon the price of gold) is payable to the lessor with respect to the lands subject to this lease.  In addition, an NSR production royalty of l% is payable to the lessor with respect to the unpatented federal mining claims subject to the lease described in b) below and an NSR production royalty of between 0.5% and 1.0% (depending upon the price of gold) is payable to the lessor with respect to the lands acquired by the Company as a result of the purchase of Livengood Placers, Inc. in December 2011.  As of September 30, 2014 the Company has paid $1,648,923 from the inception of this lease.
		b)		a lease of federal unpatented lode mining claims having an initial term of ten years commencing on April 21, 2003 and continuing for so long thereafter as advance minimum royalties are paid and mining related activities, including exploration, continue on the property or on adjacent properties controlled by the Company.  The lease requires an advance minimum royalty of $50,000 on or before each anniversary date (all of which minimum royalties are recoverable from production royalties).  An NSR production royalty of between 2% and 3% (depending on the price of gold) is payable to the lessors.  The Company may purchase 1% of the royalty for $1,000,000.  As of September 30, 2014, the Company has paid $530,000 from the inception of this lease.
		c)		a lease of patented lode claims having an initial term of ten years commencing January 18, 2007, and continuing for so long thereafter as advance minimum royalties are paid.  The lease requires an advance minimum royalty of $20,000 on or before each anniversary date through January 18, 2017 and $25,000 on or before each subsequent anniversary (all of which minimum royalties are recoverable from production royalties).  An NSR production royalty of 3% is payable to the lessors.  The Company may purchase all interests of the lessors in the leased property (including the production royalty) for $1,000,000 (less all minimum and production royalties paid to the date of purchase), of which $500,000 is payable in cash over four years following the closing of the purchase and the balance of $500,000 is payable by way of the 3% NSR production royalty.  As of September 30, 2014, the Company has paid $115,000 from the inception of this lease.
		d)		a lease of unpatented federal lode mining and federal unpatented placer claims having an initial term of ten years commencing on March 28, 2007, and continuing for so long thereafter as advance minimum royalties are paid and mining related activities, including exploration, continue on the property or on adjacent properties controlled by the Company.  The lease requires an advance minimum royalty of $15,000 on or before each anniversary date (all of which minimum royalties are recoverable from production royalties).  The Company is required to pay the lessor the sum of $250,000 upon making a positive production decision, payable $125,000 within 120 days of the decision and $125,000 within a year of the decision (all of which are recoverable from production royalties).  An NSR production royalty of 2% is payable to the lessor.  The Company may purchase all of the interest of the lessor in the leased property (including the production royalty) for $1,000,000.  As of September 30, 2014, the Company has paid $83,000 from the inception of this lease.
	Title to mineral properties
	The acquisition of title to mineral properties is a detailed and time-consuming process.  The Company has taken steps to verify title to mineral properties in which it has an interest.  Although the Company has taken every reasonable precaution to ensure that legal title to its properties is properly recorded in the name of the Company, there can be no assurance that such title will ultimately be secured.

ACCRUED_LIABILITIES

ACCRUED LIABILITIES	9 Months Ended
	Sep. 30, 2014
ACCRUED LIABILITIES.	'
ACCRUED LIABILITIES	'
	5.ACCRUED LIABILITIES
	The following table presents the accrued liabilities balances at September 30, 2014 and December 31, 2013.
		September 30,		December 31,
		2014		2013
	Accrued liabilities	$	266,870	$	540,486
	Accrued severance	12,659		719,375
	Accrued salaries and benefits	142,331		191,366
	Total accrued liabilities	$	421,860	$	1,451,227
	Accrued liabilities at September 30, 2014 include accruals for general corporate costs and project costs of $123,254 and $143,616, respectively.  Accrued liabilities at December 31, 2013 include accruals for general corporate costs and project costs of $115,020 and $425,466, respectively.

DERIVATIVE_LIABILITY

DERIVATIVE LIABILITY	9 Months Ended
	Sep. 30, 2014
DERIVATIVE LIABILITY	'
DERIVATIVE LIABILITY	'
	6.DERIVATIVE LIABILITY
	During 2011, the Company acquired certain mining claims and related rights in the vicinity of the Livengood Gold Project located near Fairbanks, Alaska.  The aggregate consideration was $13,500,000 in cash plus an additional contingent payment based on the five-year average daily gold price (“Average Gold Price”) from the date of the acquisition.  The contingent payment will equal $23,148 for every dollar that the Average Gold Price exceeds $720 per troy ounce.  If the Average Gold Price is less than $720, there will be no additional contingent payment.
	At initial recognition on December 13, 2011 the derivative liability was valued at $23,100,000.  The key assumption used in the valuation of the derivative is the estimate of the future Average Gold Price.  The estimate of the future Average Gold Price was determined using a forward curve on future gold prices as published by the CME Group.  The CME Group represents the merger of the Chicago Mercantile Exchange (CME), the Chicago Board of Trade (CBOT), the New York Mercantile Exchange (NYMEX) and its commodity exchange division, Commodity Exchange, Inc. (COMEX).  Using this forward curve, the Company estimated an Average Gold Price based on actual gold prices to September 30, 2014 and projected gold prices from September 30, 2014 to the end of the five year period in December 2016 of $1,374 per ounce of gold.
	The fair value of the derivative liability and the estimated Average Gold Price are as follows:
		Total		Average Gold
				Price ($/oz.)
	Derivative value at December 31, 2013	$	14,800,000	$	1,360
	Unrealized loss for the period	300,000
	Derivative value at September 30, 2014	$	15,100,000	$	1,374

SHARE_CAPITAL

SHARE CAPITAL	9 Months Ended
	Sep. 30, 2014
SHARE CAPITAL	'
SHARE CAPITAL	'
	7.SHARE CAPITAL
	Authorized
	500,000,000 common shares without par value.  At September 30, 2014 and December 31, 2013 there were 98,068,638 shares issued and outstanding.
	Share issuances
	There were no share issuances during the nine months ended September 30, 2014.
	Stock options
	The Company has adopted an incentive stock option plan (the “2006 Plan”).  The essential elements of the 2006 Plan provide that the aggregate number of common shares of the Company’s capital stock that may be made issuable pursuant to options granted under the 2006 Plan may not exceed 10% of the number of issued shares of the Company at the time of the granting of the options.  Options granted under the 2006 Plan will have a maximum term of ten years.  The exercise price of options granted under the 2006 Plan will not be less than the discounted market price of the common shares (defined as the last closing market price of the Company’s common shares immediately preceding the issuance of a news release announcing the granting of the options, less the maximum discount permitted under applicable stock exchange policies), or such other price as may be agreed to by the Company and accepted by the Toronto Stock Exchange.  Options granted under the 2006 Plan vest immediately, unless otherwise determined by the directors at the date of grant.
	During the nine months ended September 30, 2014, the Company granted incentive stock options to certain officers, employees and consultants of the Company to purchase a total of 2,480,000 common shares in the capital stock of the Company.  The options will vest as to one-third on the grant date, one-third on the first anniversary and one-third on the second anniversary.  The following table presents the options granted by the Company during the nine months ended September 30, 2014:
	Options Granted During the Nine Months Ended September 30, 2014
	Grant Date	Expiry Date		Number of		Exercise
				Options		Price (C$)
	February 25, 2014	February 25, 2022		1,360,000		$	1.11
	February 25, 2014	February 25, 2022		690,000		$	0.73
	March 10, 2014	March 10, 2022		430,000		$	1.11
	A summary of the status of the stock option plan as of September 30, 2014, and December 31, 2013 and changes is presented below:
		Nine Months Ended					Year Ended
		September 30, 2014					December 31, 2013
		Number of		Weighted			Number of		Weighted
		Options		Average			Options		Average
				Exercise Price					Exercise Price
				(C$)					(C$)
	Balance, beginning of the period	5,493,000		$	3.57		8,570,000		$	4.73
	Granted	2,480,000		$	1		613,000		$	2.18
	Expired	—		$	—		(1,040,000	)	$	7.78
	Forfeited	(600,000	)	$	3.17		(1,550,000	)	$	3.27
	Cancelled	(1,519,000	)	$	2.97		(1,100,000	)	$	8.27
	Balance, end of the period	5,854,000		$	2.68		5,493,000		$	3.57
	The weighted average remaining life of options outstanding at September 30, 2014 was 4.75 years.
	Stock options outstanding are as follows:
		September 30, 2014							December 31, 2013
	Expiry Date	Exercise			Number of		Exercisable		Exercise		Number of	Exercisable
		Price (C$)			Options				Price (C$)		Options
	August 23, 2016	$	8.07		600,000		600,000		$	8.07	600,000	600,000
	January 9, 2017	$	4.60		30,000		30,000		$	4.60	30,000	20,000
	August 24, 2017	$	3.17		2,275,000		2,275,000		$	3.17	3,350,000	2,233,322
	September 19, 2017	—			—		—		$	2.91	1,000,000	666,666
	March 14, 2018	$	2.18		469,000		312,660		$	2.18	513,000	170,995
	February 25, 2022	$	1.11		1,360,000		453,333		—		—	—
	February 25, 2022	$	0.73		690,000		230,000		—		—	—
	March 10, 2022	$	1.11		430,000		143,333		—		—	—
					5,854,000		4,044,326				5,493,000	3,690,983
	A summary of the non-vested options as of September 30, 2014 and changes during the nine months ended September 30, 2014 is as follows:
	Non-vested options:	Number of		Weighted
		options		average grant-
				date fair value
				(C$)
	Outstanding at December 31, 2013	1,802,017		$	1.38
	Granted	2,480,000		$	0.49
	Forfeited	(200,001	)	$	1.61
	Vested	(2,272,342	)	$	1.1
	Outstanding at September 30, 2014	1,809,674		$	0.49
	At September 30, 2014 there was unrecognized compensation expense of C$472,949 related to non-vested options outstanding.  The cost is expected to be recognized over a weighted-average remaining period of approximately 1.0 years.
	Share-based payments
	During the nine month period ended September 30, 2014, the Company granted 2,480,000 stock options with a fair value of C$1,224,537, calculated using the Black-Scholes option pricing model.  Share-based payment charges for the nine months ended September 30, 2014 totaled $1,140,879.
	During the nine month period ended September 30, 2013, the Company granted 613,000 stock options with a fair value of C$304,585, calculated using the Black-Scholes option pricing model.  Share-based payment charges for the nine months ended September 30, 2013 totaled $3,654,224.
	The following weighted average assumptions were used for the Black-Scholes option pricing model calculations:
		September 30,		December 31,
		2014		2013
	Expected life of options	6 years		4 years
	Risk-free interest rate	1.83%		1.29%
	Annualized volatility	81.02%		59.48%
	Dividend rate	0.00%		0.00%
	Exercise price (C$)	$1.00		$2.18
The expected volatility used in the Black-Scholes option pricing model is based on the historical volatility of the Company’s shares.

SEGMENT_AND_GEOGRAPHIC_INFORMA

SEGMENT AND GEOGRAPHIC INFORMATION	9 Months Ended
	Sep. 30, 2014
SEGMENT AND GEOGRAPHIC INFORMATION	'
SEGMENT AND GEOGRAPHIC INFORMATION	'
	8.SEGMENT AND GEOGRAPHIC INFORMATION
	The Company operates in a single reportable segment, being the exploration and development of mineral properties.  The following tables present selected financial information by geographic location:
		Canada		United States			Total
	September 30, 2014
	Capitalized acquisition costs	$	—	$	55,204,041		$	55,204,041
	Property and equipment	10,847		45,222			56,069
	Current assets	7,479,908		679,619			8,159,527
	Total assets	$	7,490,755	$	55,928,882		$	63,419,637
	December 31, 2013
	Capitalized acquisition costs	$	—	$	55,173,564		$	55,173,564
	Restricted cash	—		30,477			30,477
	Property and equipment	11,994		55,919			67,913
	Current assets	13,289,752		903,171			14,192,923
	Total assets	$	13,301,746	$	56,163,131		$	69,464,877
	Three months ended			September 30,			September 30,
				2014			2013
	Net loss for the period — Canada			$	(285,338	)	$	(1,430,485	)
	Net loss for the period - United States			(885,568		)	(2,694,276		)
	Net loss for the period			$	(1,170,906	)	$	(4,124,761	)
	Nine months ended			September 30,			September 30,
				2014			2013
	Net loss for the period — Canada			$	(1,723,042	)	$	(4,369,867	)
	Net loss for the period - United States			(4,389,585		)	(4,460,226		)
	Net loss for the period			$	(6,112,627	)	$	(8,830,093	)

COMMITMENTS

COMMITMENTS	9 Months Ended
	Sep. 30, 2014
COMMITMENTS	'
COMMITMENTS	'
	9.COMMITMENTS
	The following table discloses, as of September 30, 2014, the Company’s contractual obligations including anticipated mineral property payments and work commitments and committed office and equipment lease obligations.  Under the terms of the Company’s mineral property purchase agreements, mineral leases and the terms of the unpatented mineral claims held by it, the Company is required to make certain scheduled acquisition payments, incur certain levels of expenditures, make lease or advance royalty payments, make payments to government authorities and incur assessment work expenditures as summarized in the table below in order to maintain and preserve the Company’s interests in the related mineral properties.  If the Company is unable or unwilling to make any such payments or incur any such expenditures, it is likely that the Company would lose or forfeit its rights to acquire or hold the related mineral properties.  The following table assumes that the Company retains the rights to all of its current mineral properties, but no other lease purchase or royalty buyout options:
			Payments Due by Year
			2014		2015		2016		2017		2018		2019 and		Total
													beyond
	Livengood Property Purchase(1)		$	—	$	—	$	15,100,000	$	—	$	—	$	—	$	15,100,000
	Mineral Property Leases(2)		—		412,398		417,309		422,294		432,353		437,488		2,121,842
	Mining Claim Government Fees		54,810		114,345		114,345		114,345		114,345		114,345		626,535
	Office and Equipment Lease Obligations		58,603		80,947		—		—		—		—		139,550
	Total		$	113,413	$	607,690	$	15,631,654	$	536,639	$	546,698	$	551,833	$	17,987,927
		-1		The amount payable in December 2016 of $15,100,000 represents the fair value of the Company’s derivative liability as at September 30, 2014 and will be revalued at each subsequent reporting period.  See note 6.
		-2		Does not include required work expenditures, as it is assumed that the required expenditure level is significantly below the work which will actually be carried out by the Company.  Does not include potential royalties that may be payable (other than annual minimum royalty payments).  See note 4.

BASIS_OF_PRESENTATION_Policies

BASIS OF PRESENTATION (Policies)	9 Months Ended
	Sep. 30, 2014
BASIS OF PRESENTATION	'
Basis of presentation	'
	BASIS OF PRESENTATION
	These unaudited condensed consolidated interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X under the Securities Exchange Act of 1934, as amended.  Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for annual financial statements. These unaudited condensed consolidated interim financial statements should be read in conjunction with the audited consolidated financial statements for the year ended December 31, 2013 as filed in our Annual Report on Form 10-K.  In the opinion of the Company’s management these financial statements reflect all adjustments, consisting of normal recurring adjustments, necessary to present fairly the Company’s financial position at September 30, 2014 and the results of its operations for the nine months then ended.  Operating results for the nine months ended September 30, 2014 are not necessarily indicative of the results that may be expected for the year ending December 31, 2014.  The 2013 year-end balance sheet data was derived from audited financial statements but does not include all disclosures required by U.S. GAAP
	The preparation of financial statements in conformity with U.S. GAAP requires management to make judgments, estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the period.  These judgments, estimates and assumptions are continuously evaluated and are based on management’s experience and knowledge of the relevant facts and circumstances.  While management believes the estimates to be reasonable, actual results could differ from those estimates and could impact future results of operations and cash flows.
Basis of consolidation	'
	Basis of consolidation
	These consolidated financial statements include the accounts of ITH and its wholly owned subsidiaries TH Alaska, TH US, LPI and 813034 Alberta Ltd.  All intercompany transactions and balances have been eliminated.
Recently adopted accounting pronouncements	'
	Recently adopted accounting pronouncements
	In June 2014, the Financial Accounting Standards Board issued Accounting Standards Update 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements (“ASU 2014-10”).  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 are effective for annual reporting periods beginning after December 15, 2014, and interim periods within those annual periods.  Early adoption of this standard is permitted and the Company adopted the provisions of ASU 2014-10 during the quarter ended June 30, 2014.  The adoption of ASU 2014-10 impacts the presentation of the statements of operations and comprehensive income and the statements of cash flows as these statements no longer contain financial information from the inception of the Company to the date of the financial statements.

FAIR_VALUE_OF_FINANCIAL_INSTRU1

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	9 Months Ended
	Sep. 30, 2014
FAIR VALUE OF FINANCIAL INSTRUMENTS	'
Schedule of fair value of financial instruments	'
		Fair value as at September 30, 2014
		Level 1		Level 2
	Financial assets:
	Marketable securities	$	34,796	$	—
	Total	$	34,796	$	—
	Financial liabilities:
	Derivative liability (note 6)	$	—	$	15,100,000
	Total	$	—	$	15,100,000
		Fair value as at December 31, 2013
		Level 1		Level 2
	Financial assets:
	Marketable securities	$	55,002	$	—
	Total	$	55,002	$	—
	Financial liabilities:
	Derivative liability (note 6)	$	—	$	14,800,000
	Total	$	—	$	14,800,000

CAPITALIZED_ACQUISITION_COSTS_

CAPITALIZED ACQUISITION COSTS (Tables)	9 Months Ended
	Sep. 30, 2014
CAPITALIZED ACQUISITION COSTS	'
Schedule of activity related to capitalized acquisition costs	'
	Capitalized acquisition costs	Amount
	Balance, December 31, 2013	$	55,173,564
	Acquisition costs	30,477
	Balance, September 30, 2014	$	55,204,041
Schedule presenting costs incurred for exploration and evaluation activities	'
		September 30,		September 30,
		2014		2013
	Exploration costs:
	Aircraft services	$	10,286	$	62,915
	Assay	6,397		10,924
	Drilling	117,743		(28,714		)
	Environmental	748,667		1,776,134
	Equipment rental	43,097		332,193
	Field costs	181,194		752,928
	Geological/geophysical	18,539		3,253,822
	Land maintenance & tenure	525,972		414,351
	Legal	250,223		170,756
	Surveying and mapping	26,502		74,084
	Transportation and travel	29,229		48,833
	Total expenditures for the period	$	1,957,849	$	6,868,226

ACCRUED_LIABILITIES_Tables

ACCRUED LIABILITIES (Tables)	9 Months Ended
	Sep. 30, 2014
ACCRUED LIABILITIES.	'
Schedule of accrued liabilities	'
		September 30,		December 31,
		2014		2013
	Accrued liabilities	$	266,870	$	540,486
	Accrued severance	12,659		719,375
	Accrued salaries and benefits	142,331		191,366
	Total accrued liabilities	$	421,860	$	1,451,227

DERIVATIVE_LIABILITY_Tables

DERIVATIVE LIABILITY (Tables)	9 Months Ended
	Sep. 30, 2014
DERIVATIVE LIABILITY	'
Schedule of fair value of the derivative liability and the estimated Average Gold Price	'
		Total		Average Gold
				Price ($/oz.)
	Derivative value at December 31, 2013	$	14,800,000	$	1,360
	Unrealized loss for the period	300,000
	Derivative value at September 30, 2014	$	15,100,000	$	1,374

SHARE_CAPITAL_Tables

SHARE CAPITAL (Tables)	9 Months Ended
	Sep. 30, 2014
SHARE CAPITAL	'
Schedule of options granted	'
	Options Granted During the Nine Months Ended September 30, 2014
	Grant Date	Expiry Date		Number of		Exercise
				Options		Price (C$)
	February 25, 2014	February 25, 2022		1,360,000		$	1.11
	February 25, 2014	February 25, 2022		690,000		$	0.73
	March 10, 2014	March 10, 2022		430,000		$	1.11
Summary of the status of the stock option plan and changes therein	'
		Nine Months Ended					Year Ended
		September 30, 2014					December 31, 2013
		Number of		Weighted			Number of		Weighted
		Options		Average			Options		Average
				Exercise Price					Exercise Price
				(C$)					(C$)
	Balance, beginning of the period	5,493,000		$	3.57		8,570,000		$	4.73
	Granted	2,480,000		$	1		613,000		$	2.18
	Expired	—		$	—		(1,040,000	)	$	7.78
	Forfeited	(600,000	)	$	3.17		(1,550,000	)	$	3.27
	Cancelled	(1,519,000	)	$	2.97		(1,100,000	)	$	8.27
	Balance, end of the period	5,854,000		$	2.68		5,493,000		$	3.57
Schedule of stock options outstanding by exercise price	'
		September 30, 2014							December 31, 2013
	Expiry Date	Exercise			Number of		Exercisable		Exercise		Number of	Exercisable
		Price (C$)			Options				Price (C$)		Options
	August 23, 2016	$	8.07		600,000		600,000		$	8.07	600,000	600,000
	January 9, 2017	$	4.60		30,000		30,000		$	4.60	30,000	20,000
	August 24, 2017	$	3.17		2,275,000		2,275,000		$	3.17	3,350,000	2,233,322
	September 19, 2017	—			—		—		$	2.91	1,000,000	666,666
	March 14, 2018	$	2.18		469,000		312,660		$	2.18	513,000	170,995
	February 25, 2022	$	1.11		1,360,000		453,333		—		—	—
	February 25, 2022	$	0.73		690,000		230,000		—		—	—
	March 10, 2022	$	1.11		430,000		143,333		—		—	—
					5,854,000		4,044,326				5,493,000	3,690,983
Summary of the non-vested options and changes	'
	Non-vested options:	Number of		Weighted
		options		average grant-
				date fair value
				(C$)
	Outstanding at December 31, 2013	1,802,017		$	1.38
	Granted	2,480,000		$	0.49
	Forfeited	(200,001	)	$	1.61
	Vested	(2,272,342	)	$	1.1
	Outstanding at September 30, 2014	1,809,674		$	0.49
Schedule of weighted average assumptions as used for Black-Scholes option pricing model calculations	'
		September 30,		December 31,
		2014		2013
	Expected life of options	6 years		4 years
	Risk-free interest rate	1.83%		1.29%
	Annualized volatility	81.02%		59.48%
	Dividend rate	0.00%		0.00%
	Exercise price (C$)	$1.00		$2.18

SEGMENT_AND_GEOGRAPHIC_INFORMA1

SEGMENT AND GEOGRAPHIC INFORMATION (Tables)	9 Months Ended
	Sep. 30, 2014
SEGMENT AND GEOGRAPHIC INFORMATION	'
Schedule of selected financial information by geographic location	'
		Canada		United States			Total
	September 30, 2014
	Capitalized acquisition costs	$	—	$	55,204,041		$	55,204,041
	Property and equipment	10,847		45,222			56,069
	Current assets	7,479,908		679,619			8,159,527
	Total assets	$	7,490,755	$	55,928,882		$	63,419,637
	December 31, 2013
	Capitalized acquisition costs	$	—	$	55,173,564		$	55,173,564
	Restricted cash	—		30,477			30,477
	Property and equipment	11,994		55,919			67,913
	Current assets	13,289,752		903,171			14,192,923
	Total assets	$	13,301,746	$	56,163,131		$	69,464,877
	Three months ended			September 30,			September 30,
				2014			2013
	Net loss for the period — Canada			$	(285,338	)	$	(1,430,485	)
	Net loss for the period - United States			(885,568		)	(2,694,276		)
	Net loss for the period			$	(1,170,906	)	$	(4,124,761	)
	Nine months ended			September 30,			September 30,
				2014			2013
	Net loss for the period — Canada			$	(1,723,042	)	$	(4,369,867	)
	Net loss for the period - United States			(4,389,585		)	(4,460,226		)
	Net loss for the period			$	(6,112,627	)	$	(8,830,093	)

COMMITMENTS_Tables

COMMITMENTS (Tables)	9 Months Ended
	Sep. 30, 2014
COMMITMENTS	'
Schedule of contractual obligations	'
			Payments Due by Year
			2014		2015		2016		2017		2018		2019 and		Total
													beyond
	Livengood Property Purchase(1)		$	—	$	—	$	15,100,000	$	—	$	—	$	—	$	15,100,000
	Mineral Property Leases(2)		—		412,398		417,309		422,294		432,353		437,488		2,121,842
	Mining Claim Government Fees		54,810		114,345		114,345		114,345		114,345		114,345		626,535
	Office and Equipment Lease Obligations		58,603		80,947		—		—		—		—		139,550
	Total		$	113,413	$	607,690	$	15,631,654	$	536,639	$	546,698	$	551,833	$	17,987,927
		-1		The amount payable in December 2016 of $15,100,000 represents the fair value of the Company’s derivative liability as at September 30, 2014 and will be revalued at each subsequent reporting period.  See note 6.
		-2		Does not include required work expenditures, as it is assumed that the required expenditure level is significantly below the work which will actually be carried out by the Company.  Does not include potential royalties that may be payable (other than annual minimum royalty payments).  See note 4.

GENERAL_INFORMATION_NATURE_AND1

GENERAL INFORMATION, NATURE AND CONTINUANCE OF OPERATIONS (Details) (Livengood Property [Member])	Sep. 30, 2014
Livengood Property [Member]	'
GENERAL INFORMATION, NATURE AND CONTINUANCE OF OPERATIONS	'
Controlling interest in Livengood Gold Project in Alaska, U.S.A. (as a percent)	100.00%

FAIR_VALUE_OF_FINANCIAL_INSTRU2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) (Fair Value, Measurements, Recurring [Member], USD $)	Sep. 30, 2014	Dec. 31, 2013
Fair Value, Inputs, Level 1 [Member]	'	'
Financial assets:	'	'
Marketable securities	$34,796	$55,002
Total	34,796	55,002
Fair Value, Inputs, Level 2 [Member]	'	'
Financial liabilities:	'	'
Derivative liability	15,100,000	14,800,000
Total	$15,100,000	$14,800,000

CAPITALIZED_ACQUISITION_COSTS_1

CAPITALIZED ACQUISITION COSTS (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Capitalized acquisition costs	'	'	'	'
Balance, at the beginning of the period	'	'	$55,173,564	'
Acquisition costs	'	'	30,477	'
Balance, at the end of the period	55,204,041	'	55,204,041	'
Exploration costs:	'	'	'	'
Aircraft services	'	'	10,286	62,915
Assay	'	'	6,397	10,924
Drilling	'	'	117,743	-28,714
Environmental	'	'	748,667	1,776,134
Equipment rental	'	'	43,097	332,193
Field costs	'	'	181,194	752,928
Geological/geophysical	'	'	18,539	3,253,822
Land maintenance & tenure	'	'	525,972	414,351
Legal	'	'	250,223	170,756
Surveying and mapping	'	'	26,502	74,084
Transportation and travel	'	'	29,229	48,833
Total expenditures for the period	557,735	1,621,127	1,957,849	6,868,226
Livengood Property [Member] | Alaska Mental Health Trust Mineral Rights [Member]	'	'	'	'
Lease expenditures, additional disclosures	'	'	'	'
Initial lease term	'	'	'19 years	'
Flat annual fee (as a percent)	125.00%	'	125.00%	'
Expenditure since inception of lease	'	'	1,648,923	'
Livengood Property [Member] | Alaska Mental Health Trust Mineral Rights [Member] | Minimum [Member]	'	'	'	'
Lease expenditures, additional disclosures	'	'	'	'
NSR, based on price of gold, payable (as a percent)	2.50%	'	2.50%	'
Livengood Property [Member] | Alaska Mental Health Trust Mineral Rights [Member] | Maximum [Member]	'	'	'	'
Lease expenditures, additional disclosures	'	'	'	'
NSR, based on price of gold, payable (as a percent)	5.00%	'	5.00%	'
Livengood Property [Member] | Federal Unpatented Lode Mining Claims [Member]	'	'	'	'
Lease expenditures, additional disclosures	'	'	'	'
Initial lease term	'	'	'10 years	'
Expenditure since inception of lease	'	'	530,000	'
Livengood Property [Member] | Federal Unpatented Lode Mining Claims [Member] | Advance Royalties [Member] | Minimum [Member]	'	'	'	'
Lease expenditures, additional disclosures	'	'	'	'
Lease expenditure due on or before each anniversary date of lease	50,000	'	50,000	'
Livengood Property [Member] | Federal Unpatented Lode Mining Claims [Member] | Production Royalty[Member]	'	'	'	'
Lease expenditures, additional disclosures	'	'	'	'
Royalty to be purchased by the entity (as a percent)	1.00%	'	1.00%	'
Purchase price payable for a portion of royalty	1,000,000	'	1,000,000	'
Livengood Property [Member] | Federal Unpatented Lode Mining Claims [Member] | Production Royalty[Member] | Minimum [Member]	'	'	'	'
Lease expenditures, additional disclosures	'	'	'	'
NSR, based on price of gold, payable (as a percent)	2.00%	'	2.00%	'
Livengood Property [Member] | Federal Unpatented Lode Mining Claims [Member] | Production Royalty[Member] | Maximum [Member]	'	'	'	'
Lease expenditures, additional disclosures	'	'	'	'
NSR, based on price of gold, payable (as a percent)	3.00%	'	3.00%	'
Livengood Property [Member] | Patented Lode Claims [Member]	'	'	'	'
Lease expenditures, additional disclosures	'	'	'	'
Initial lease term	'	'	'10 years	'
Expenditure since inception of lease	'	'	115,000	'
Purchase price payable for purchase of all interests of the lessors in the leased property	1,000,000	'	1,000,000	'
Portion of purchase price for purchase of all interests of the lessors in the leased property, payable in cash	'	'	500,000	'
Period over which the cash purchase price for purchase of all interests of the lessors in the leased property is payable	'	'	'4 years	'
Balance of purchase price for purchase of all interests of the lessors in the leased property, payable by way of NSR production royalty	500,000	'	500,000	'
Livengood Property [Member] | Patented Lode Claims [Member] | Advance Royalties [Member] | Minimum [Member]	'	'	'	'
Lease expenditures, additional disclosures	'	'	'	'
Lease expenditure due on or before each anniversary date of lease	20,000	'	20,000	'
Lease expenditure due on or before each subsequent anniversary date of lease	25,000	'	25,000	'
Livengood Property [Member] | Patented Lode Claims [Member] | Production Royalty[Member]	'	'	'	'
Lease expenditures, additional disclosures	'	'	'	'
NSR payable (as a percent)	3.00%	'	3.00%	'
NSR production royalty base for payments for acquisition of mining interest (as a percent)	3.00%	'	3.00%	'
Livengood Property [Member] | Unpatented Federal Lode Mining and Federal Unpatented Placer Claims [Member]	'	'	'	'
Lease expenditures, additional disclosures	'	'	'	'
Initial lease term	'	'	'10 years	'
Expenditure since inception of lease	'	'	83,000	'
Purchase price payable for a portion of royalty	1,000,000	'	1,000,000	'
Livengood Property [Member] | Unpatented Federal Lode Mining and Federal Unpatented Placer Claims [Member] | Maximum [Member]	'	'	'	'
Lease expenditures, additional disclosures	'	'	'	'
Prescribed period for payment of the first half portion to lessor on positive production decision	'	'	'120 days	'
Livengood Property [Member] | Unpatented Federal Lode Mining and Federal Unpatented Placer Claims [Member] | Advance Royalties [Member] | Minimum [Member]	'	'	'	'
Lease expenditures, additional disclosures	'	'	'	'
Lease expenditure due on or before each anniversary date of lease	15,000	'	15,000	'
Livengood Property [Member] | Unpatented Federal Lode Mining and Federal Unpatented Placer Claims [Member] | Production Royalty[Member]	'	'	'	'
Lease expenditures, additional disclosures	'	'	'	'
NSR payable (as a percent)	2.00%	'	2.00%	'
Amount payable to lessor on positive production decision	250,000	'	250,000	'
Portion of amount payable to lessor on positive production decision	125,000	'	125,000	'
Balance amount payable to lessor on positive production decision	$125,000	'	$125,000	'
Livengood Property [Member] | Unpatented Federal Lode Mining and Federal Unpatented Placer Claims [Member] | Production Royalty[Member] | Minimum [Member]	'	'	'	'
Lease expenditures, additional disclosures	'	'	'	'
NSR, based on price of gold, payable (as a percent)	0.50%	'	0.50%	'
Livengood Property [Member] | Unpatented Federal Lode Mining and Federal Unpatented Placer Claims [Member] | Production Royalty[Member] | Maximum [Member]	'	'	'	'
Lease expenditures, additional disclosures	'	'	'	'
NSR, based on price of gold, payable (as a percent)	1.00%	'	1.00%	'

ACCRUED_LIABILITIES_Details

ACCRUED LIABILITIES (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Accrued liabilities	'	'
Accrued liabilities	$266,870	$540,486
Accrued severance	12,659	719,375
Accrued salaries and benefits	142,331	191,366
Total accrued liabilities	421,860	1,451,227
General corporate costs	123,254	115,020
Project costs	$143,616	$425,466

DERIVATIVE_LIABILITY_Details

DERIVATIVE LIABILITY (Details) (USD $)	3 Months Ended	9 Months Ended				9 Months Ended	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Dec. 13, 2011	Sep. 30, 2014	Dec. 31, 2011
						Livengood Gold Project [Member]	Livengood Gold Project [Member]
DERIVATIVE LIABILITY - Livengood Gold Project	'	'	'	'	'	'	'
Aggregate consideration for the claims and rights in cash	'	'	'	'	'	'	$13,500,000
Basis period of average gold price per ounce of gold is considered for calculating additional contingent payment	'	'	'	'	'	'	'5 years
Contingent payment equivalent for every dollar in excess of specified average gold price per troy ounce	'	'	'	'	'	23,148	'
Average Gold Price (in dollars per troy ounce)	'	'	'	'	'	720	'
Additional contingent payment, if the average Gold Price is less than specified price per troy ounce	'	'	'	'	'	0	'
DERIVATIVE LIABILITY	'	'	'	'	'	'	'
Derivative liability, value on initial recognition	'	'	'	'	23,100,000	'	'
Period for projecting gold prices	'	'5 years	'	'	'	'	'
Average Gold Price (in dollars per ounce of gold)	1,374	1,374	'	1,360	'	'	'
Fair value of the derivative liability	'	'	'	'	'	'	'
Derivative value at beginning of the period	'	14,800,000	'	'	'	'	'
Unrealized (gain) loss on derivative liability	-400,000	300,000	-5,700,000	'	'	'	'
Derivative value at end of the period	$15,100,000	$15,100,000	'	'	'	'	'

SHARE_CAPITAL_Details

SHARE CAPITAL (Details) (CAD)	9 Months Ended		12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Authorized	'	'	'
Authorized common shares without par value	500,000,000	'	500,000,000
Share capital, shares issued	98,068,638	'	98,068,638
Share capital, shares outstanding	98,068,638	'	98,068,638
Share issuances	'	'	'
Issuance of common shares	0	'	'
Share Capital	'	'	'
Options granted during the period (in shares)	2,480,000	613,000	613,000
Exercise Price granted (in Canadian dollars per share)	0.49	'	'
Number of Options	'	'	'
Balance, beginning of the period (in shares)	5,493,000	8,570,000	8,570,000
Granted (in shares)	2,480,000	613,000	613,000
Expired (in shares)	'	'	-1,040,000
Forfeited (in shares)	-600,000	'	-1,550,000
Cancelled (in shares)	-1,519,000	'	-1,100,000
Balance, end of the period (in shares)	5,854,000	'	5,493,000
Weighted Average Exercise Price	'	'	'
Balance, beginning of the period (in Canadian dollars per share)	3.57	4.73	4.73
Granted (in Canadian dollars per share)	1	'	2.18
Expired (in Canadian dollars per share)	'	'	7.78
Forfeited (in Canadian dollars per share)	3.17	'	3.27
Cancelled (in Canadian dollars per share)	2.97	'	8.27
Balance, end of the period (in Canadian dollars per share)	2.68	'	3.57
Additional disclosure	'	'	'
Weighted average remaining life of options	'4 years 9 months	'	'
Vesting Period One [Member]	'	'	'
Share Capital	'	'	'
Vesting percentage	33.00%	'	'
Vesting Period Two [Member]	'	'	'
Share Capital	'	'	'
Vesting percentage	33.00%	'	'
Vesting Period Three [Member]	'	'	'
Share Capital	'	'	'
Vesting percentage	33.00%	'	'
Option Granted on 25 February 2014 One [Member]	'	'	'
Share Capital	'	'	'
Options granted during the period (in shares)	1,360,000	'	'
Exercise Price granted (in Canadian dollars per share)	1.11	'	'
Number of Options	'	'	'
Granted (in shares)	1,360,000	'	'
Option Granted on 25February 2014 Two [Member]	'	'	'
Share Capital	'	'	'
Options granted during the period (in shares)	690,000	'	'
Exercise Price granted (in Canadian dollars per share)	0.73	'	'
Number of Options	'	'	'
Granted (in shares)	690,000	'	'
Option Granted on 10 March 2014 [Member]	'	'	'
Share Capital	'	'	'
Options granted during the period (in shares)	430,000	'	'
Exercise Price granted (in Canadian dollars per share)	1.11	'	'
Number of Options	'	'	'
Granted (in shares)	430,000	'	'
Maximum [Member]	'	'	'
Share Capital	'	'	'
Aggregate common shares of capital stock made issuable pursuant to options granted under the 2006 Plan (as a percent)	10.00%	'	'
Option term	'10 years	'	'

SHARE_CAPITAL_Details_2

SHARE CAPITAL (Details 2) (CAD)	Sep. 30, 2014	Dec. 31, 2013
Stock options outstanding	'	'
Number of Options (in shares)	5,854,000	5,493,000
Exercisable (in shares)	4,044,326	3,690,983
Share Based Compensation Shares Authorized under Stock Option Plans Exercise Price One [Member]	'	'
Stock options outstanding	'	'
Exercise Price (in Canadian dollars per share)	8.07	8.07
Number of Options (in shares)	600,000	600,000
Exercisable (in shares)	600,000	600,000
Share Based Compensation Shares Authorized under Stock Option Plans Exercise Price Two [Member]	'	'
Stock options outstanding	'	'
Exercise Price (in Canadian dollars per share)	4.6	4.6
Number of Options (in shares)	30,000	30,000
Exercisable (in shares)	30,000	20,000
Share Based Compensation Shares Authorized under Stock Option Plans Exercise Price Three [Member]	'	'
Stock options outstanding	'	'
Exercise Price (in Canadian dollars per share)	3.17	3.17
Number of Options (in shares)	2,275,000	3,350,000
Exercisable (in shares)	2,275,000	2,233,322
Share Based Compensation Shares Authorized under Stock Option Plans Exercise Price Four [Member]	'	'
Stock options outstanding	'	'
Exercise Price (in Canadian dollars per share)	'	2.91
Number of Options (in shares)	'	1,000,000
Exercisable (in shares)	'	666,666
Share Based Compensation Shares Authorized under Stock Option Plans Exercise Price Five [Member]	'	'
Stock options outstanding	'	'
Exercise Price (in Canadian dollars per share)	2.18	2.18
Number of Options (in shares)	469,000	513,000
Exercisable (in shares)	312,660	170,995
Share Based Compensation Shares Authorized under Stock Option Plans Exercise Price Six [Member]	'	'
Stock options outstanding	'	'
Exercise Price (in Canadian dollars per share)	1.11	'
Number of Options (in shares)	1,360,000	'
Exercisable (in shares)	453,333	'
Share Based Compensation Shares Authorized under Stock Option Plans Exercise Price Seven [Member]	'	'
Stock options outstanding	'	'
Exercise Price (in Canadian dollars per share)	0.73	'
Number of Options (in shares)	690,000	'
Exercisable (in shares)	230,000	'
Share Based Compensation Shares Authorized under Stock Option Plans Exercise Price Eight [Member]	'	'
Stock options outstanding	'	'
Exercise Price (in Canadian dollars per share)	1.11	'
Number of Options (in shares)	430,000	'
Exercisable (in shares)	143,333	'

SHARE_CAPITAL_Details_3

SHARE CAPITAL (Details 3)	9 Months Ended				12 Months Ended
	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2013	Dec. 31, 2013
	USD ($)	CAD	USD ($)	CAD	CAD
Number of options	'	'	'	'	'
Outstanding at the beginning of the period (in shares)	1,802,017	1,802,017	'	'	'
Granted (in shares)	2,480,000	2,480,000	'	'	'
Forfeited (in shares)	-200,001	-200,001	'	'	'
Vested (in shares)	-2,272,342	-2,272,342	'	'	'
Outstanding at the end of the period (in shares)	1,809,674	1,809,674	'	'	1,802,017
Weighted average grant-date fair value	'	'	'	'	'
Outstanding at the beginning of the period (in Canadian dollars per share)	'	1.38	'	'	'
Granted (in Canadian dollars per share)	'	0.49	'	'	'
Forfeited (in Canadian dollars per share)	'	1.61	'	'	'
Vested (in Canadian dollars per share)	'	1.1	'	'	'
Outstanding at the end of the period (in Canadian dollars per share)	'	0.49	'	'	1.38
Non-vested options: Additional disclosure	'	'	'	'	'
Unrecognized compensation expense	'	472,949	'	'	'
Weighted-average remaining period over which unrecognized compensation expense cost is expected to be recognized	'1 year	'1 year	'	'	'
Share-based payments	'	'	'	'	'
Options granted during the period (in shares)	2,480,000	2,480,000	613,000	613,000	613,000
Fair value of the option granted (in Canadian dollars)	'	1,224,537	'	304,585	'
Share-based payment charges	$1,140,879	'	$3,654,224	'	'
Weighted average assumptions as used for Black-Scholes option pricing model calculations	'	'	'	'	'
Expected life of options	'6 years	'6 years	'	'	'4 years
Risk-free interest rate (as a percent)	1.83%	1.83%	'	'	1.29%
Expected volatility (as a percent)	81.02%	81.02%	'	'	59.48%
Dividend rate (as a percent)	0.00%	0.00%	'	'	0.00%
Exercise price (in Canadian dollars per share)	'	1	'	'	2.18

SEGMENT_AND_GEOGRAPHIC_INFORMA2

SEGMENT AND GEOGRAPHIC INFORMATION (Details) (USD $)	3 Months Ended			9 Months Ended
	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
SEGMENTED INFORMATION	'	'	'	'	'
Capitalized acquisition costs	$55,204,041	$55,173,564	'	$55,204,041	'
Restricted cash	'	30,477	'	'	'
Property and equipment	56,069	67,913	'	56,069	'
Current assets	8,159,527	14,192,923	'	8,159,527	'
Total assets	63,419,637	69,464,877	'	63,419,637	'
Net income (loss)	-1,170,906	-1,022,387	-4,124,761	-6,112,627	-8,830,093
CANADA	'	'	'	'	'
SEGMENTED INFORMATION	'	'	'	'	'
Property and equipment	10,847	11,994	'	10,847	'
Current assets	7,479,908	13,289,752	'	7,479,908	'
Total assets	7,490,755	13,301,746	'	7,490,755	'
Net income (loss)	-285,338	'	-1,430,485	-1,723,042	-4,369,867
UNITED STATES	'	'	'	'	'
SEGMENTED INFORMATION	'	'	'	'	'
Capitalized acquisition costs	55,204,041	55,173,564	'	55,204,041	'
Restricted cash	'	30,477	'	'	'
Property and equipment	45,222	55,919	'	45,222	'
Current assets	679,619	903,171	'	679,619	'
Total assets	55,928,882	56,163,131	'	55,928,882	'
Net income (loss)	($885,568)	'	($2,694,276)	($4,389,585)	($4,460,226)

COMMITMENTS_Details

COMMITMENTS (Details) (USD $)	Sep. 30, 2014
Payments Due by Year	'
2014	$113,413
2015	607,690
2016	15,631,654
2017	536,639
2018	546,698
2019 and beyond	551,833
Total	17,987,927
Livengood Property Purchase Obligation [Member]	'
Payments Due by Year	'
2016	15,100,000
Total	15,100,000
Mineral Property Leases Obligation [Member]	'
Payments Due by Year	'
2015	412,398
2016	417,309
2017	422,294
2018	432,353
2019 and beyond	437,488
Total	2,121,842
Mining Claim Government Fees Obligation [Member]	'
Payments Due by Year	'
2014	54,810
2015	114,345
2016	114,345
2017	114,345
2018	114,345
2019 and beyond	114,345
Total	626,535
Office and Equipment Lease Obligation [Member]	'
Payments Due by Year	'
2014	58,603
2015	80,947
Total	$139,550