International Tower Hill Mines (THM) 10-K 11 Mar 15 2014 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Dec. 31, 2014	Mar. 09, 2015	Jun. 30, 2014
Document and Entity Information
Entity Registrant Name	INTERNATIONAL TOWER HILL MINES LTD
Entity Central Index Key	1134115
Document Type	10-K
Document Period End Date	31-Dec-14
Amendment Flag	FALSE
Current Fiscal Year End Date	-19
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Public Float			$62,192,230
Entity Common Stock, Shares Outstanding		116,313,638
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	FY

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2014	Dec. 31, 2013
Current assets
Cash and cash equivalents	$13,521,473	$13,925,601
Prepaid expenses and other	242,058	267,322
Total current assets	13,763,531	14,192,923
Restricted cash		30,477
Property and equipment	37,128	67,913
Capitalized acquisition costs	55,204,041	55,173,564
Total assets	69,004,700	69,464,877
Current liabilities
Accounts payable	270,488	42,469
Accrued liabilities	878,682	1,451,227
Total current liabilities	1,149,170	1,493,696
Non-current liabilities
Derivative liability	14,700,000	14,800,000
Total liabilities	15,849,170	16,293,696
Shareholders' equity
Share capital, no par value; authorized 500,000,000 shares; 116,313,638 and 98,068,638 shares issued and outstanding at December 31, 2014 and 2013, respectively	243,692,185	236,401,096
Contributed surplus	33,439,249	32,153,864
Accumulated other comprehensive income	2,196,252	3,021,281
Deficit accumulated during the exploration stage	-226,172,156	-218,405,060
Total shareholders' equity	53,155,530	53,171,181
Total liabilities and shareholders' equity	$69,004,700	$69,464,877

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Dec. 31, 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	116,313,638	98,068,638
Share capital, shares outstanding	116,313,638	98,068,638

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Operating Expenses
Consulting fees	$333,145	$1,344,578	$3,310,425
Depreciation	15,779	21,800	31,660
Insurance	270,724	284,993	310,549
Investor relations	221,665	304,797	479,836
Mineral property exploration	2,631,974	8,188,995	36,253,519
Office	68,941	97,560	160,047
Other	28,792	52,518	73,145
Professional fees	389,218	467,510	613,056
Regulatory	119,154	125,019	174,542
Rent	225,405	226,477	251,835
Travel	121,740	196,811	283,708
Wages and benefits	3,946,751	6,863,713	13,643,058
Total operating expenses	-8,373,288	-18,174,771	-55,585,380
Other income (expenses)
Gain on foreign exchange	453,161	917,301	68,113
Interest income	56,670	103,759	183,253
Income from mineral property earn-in			290,552
Impairment of available-for-sale securities		-298,769
Unrealized gain/(loss) on derivative	100,000	7,600,000	-1,600,000
Other	-3,639
Total other income (expense)	606,192	8,322,291	-1,058,082
Net loss for the period	-7,767,096	-9,852,480	-56,643,462
Other comprehensive income (loss)
Unrealized loss on available-for-sale securities	-24,717	-118,917	-163,176
Impairment of available-for-sale securities		298,769
Exchange difference on translating foreign operations	-800,312	-1,260,539	741,019
Total other comprehensive income (loss) for the period	-825,029	-1,080,687	577,843
Comprehensive loss for the period	($8,592,125)	($10,933,167)	($56,065,619)
Basic and fully diluted net loss per share	($0.08)	($0.10)	($0.62)
Weighted average number of shares outstanding (in shares)	99,068,364	98,068,638	91,112,934

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (USD $)	Share capital.	Contributed surplus	Accumulated other comprehensive income/(loss)	Deficit	Total
Balance at Dec. 31, 2011	$207,186,847	$19,382,616	$3,524,125	($151,909,118)	$78,184,470
Balance (in shares) at Dec. 31, 2011	86,683,919
Increase (Decrease) in Stockholders' Equity
Private placement	29,768,529				29,768,529
Private placement (in shares)	11,384,719
Share issuance costs	-554,280				-554,280
Stock based compensation		9,206,975			9,206,975
Unrealized loss on available-for-sale securities			-163,176		-163,176
Exchange difference on translating foreign operations			741,019		741,019
Net loss				-56,643,462	-56,643,462
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		3,564,273			3,564,273
Unrealized loss on available-for-sale securities			-118,917		-118,917
Impairment of available-for-sale securities			298,769		298,769
Exchange difference on translating foreign operations			-1,260,539		-1,260,539
Net loss				-9,852,480	-9,852,480
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
Private placement	7,315,917				7,315,917
Private placement (in shares)	18,245,000
Share issuance costs	-24,828				-24,828
Stock based compensation		1,285,385			1,285,385
Unrealized loss on available-for-sale securities			-24,717		-24,717
Exchange difference on translating foreign operations			-800,312		-800,312
Net loss				-7,767,096	-7,767,096
Balance at Dec. 31, 2014	$243,692,185	$33,439,249	$2,196,252	($226,172,156)	$53,155,530
Balance (in shares) at Dec. 31, 2014	116,313,638				116,313,638

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Operating Activities
Loss for the period	($7,767,096)	($9,852,480)	($56,643,462)
Add items not affecting cash:
Depreciation	15,779	21,800	31,660
Share-based payments	1,285,385	3,564,273	9,206,975
Unrealized (gain) loss on derivative liability	-100,000	-7,600,000	1,600,000
Impairment of available-for-sale securities		298,769
Write-down of advance to contractors		482,009
Other	15,004		-42,017
Changes in non-cash items:
Accounts receivable	44,744	393,437	174,537
Prepaid expenses	25,727	18,193	-42,512
Advance to contractors	-30,682	100,000	-102,009
Accounts payable and accrued liabilities	-332,439	-2,246,348	-6,582,823
Cash used in operating activities	-6,843,578	-14,820,347	-52,399,651
Financing Activities
Issuance of share capital	7,315,917		29,768,529
Share issuance costs	-24,828		-554,280
Cash provided by financing activities	7,291,089		29,214,249
Investing Activities
Change in restricted cash	30,477	-30,477
Capitalized acquisition costs	-30,477		-2,127,693
Expenditures on property and equipment, net			3,635
Cash used in investing activities		-30,477	-2,124,058
Effect of foreign exchange on cash	-851,639	-1,394,480	768,292
Decrease in cash and cash equivalents	-404,128	-16,245,304	-24,541,168
Cash and cash equivalents, beginning of period	13,925,601	30,170,905	54,712,073
Cash and cash equivalents, end of period	$13,521,473	$13,925,601	$30,170,905

GENERAL_INFORMATION_NATURE_AND

GENERAL INFORMATION, NATURE AND CONTINUANCE OF OPERATIONS	12 Months Ended
	Dec. 31, 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 December 31, 2014, the Company was in the exploration stage and controls a 100% interest in its Livengood Gold Project in Alaska, U.S.A.
	These consolidated financial statements have been prepared on a going-concern basis, which presumes the realization of assets and discharge of liabilities in the normal course of business for the foreseeable future.
	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, it may be necessary to defer certain discretionary expenditures and other planned activities.

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2014
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2.SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Basis of presentation
	These consolidated financial statements are presented in United States dollars and have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”).
	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.
	Significant judgments, estimates and assumptions
	The preparation of financial statements in accordance 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 regularly 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.
	The areas which require significant judgment and estimates that management has made at the financial reporting date, that could result in a material change to the carrying amounts of assets and liabilities, in the event actual results differ from the assumptions made, relate to, but are not limited to the following:
	Significant estimates
		·	the fair value determination and inputs used in the valuation of the derivative liability (see note 6).
	Significant judgments
		·	the determination of functional currencies;
		·	quantitative and qualitative factors used in the assessment of impairment of the Company’s capitalized acquisition costs; and
		·	the analysis of resource calculations, drill results, labwork, etc. which can impact the Company’s assessment of impairments, and provisions, if any, for environmental rehabilitation and restoration.
	Cash and cash equivalents
	Cash equivalents include highly liquid investments with original maturities of three months or less, and which are subject to an insignificant risk of change in value.  Cash equivalents are held for the purpose of meeting short-term cash commitments rather than for investment or other purposes.
	Marketable securities
	Marketable securities held in companies with an active market are classified as available-for-sale securities.  Available-for-sale securities are recorded at fair value in the financial statements with unrealized gains and losses recorded in accumulated other comprehensive income.  Accumulated unrealized gains and losses are recognized in the statement of operations upon the sale of the security or if the security is determined to be impaired.
	Property and equipment
	On initial recognition, property and equipment are valued at cost.  Property and equipment is subsequently measured at cost less accumulated depreciation, less any accumulated impairment losses, with the exception of land which is not depreciated. Depreciation is recorded over the estimated useful life of the assets at the following annual rates:
	Computer equipment - 30% declining balance;
	Computer software - 3 years straight line;
	Furniture and equipment -20% declining balance; and
	Leasehold improvements - straight-line over the lease term.
	Additions during the year are depreciated at one-half the annual rates.  Depreciation methods, useful lives and residual values are reviewed at each financial year-end and adjusted if appropriate.
	Mineral properties and exploration and evaluation expenditures
	The Company’s mineral project is currently in the exploration and evaluation phase.  Mineral property acquisition costs are capitalized when incurred.  Mineral property exploration costs are expensed as incurred.  At such time that the Company determines that a mineral property can be economically developed, subsequent mineral property expenses will be capitalized during the development of such property.
	The Company assesses interests in exploration properties for impairment when facts and circumstances suggest that the carrying amount of an asset may exceed its recoverable amount.  Impairment analysis includes assessment of the following circumstances: a significant decrease in the market price of a long-lived asset or asset group; a significant adverse change in the extent or manner in which a long-lived asset or asset group is being used or in its physical condition; a significant adverse change in legal factors or in the business climate that could affect the value of a long-lived asset or asset group, including an adverse action or assessment by a regulator; an accumulation of costs significantly in excess of the amount originally expected for the acquisition or construction of a long-lived asset or asset group; a current-period operating or cash flow loss combined with a history of operating or cash flow losses or a projection or forecast that demonstrates continuing losses associated with the use of a long-lived asset or asset group; a current expectation that, more likely than not, a long-lived asset or asset group will be sold or otherwise disposed of significantly before the end of its previously estimated useful life.  The term more likely than not refers to a level of likelihood that is more than 50%.
	The Company’s assessment of impairment related to its capitalized acquisition costs at December 31, 2014 was based on estimated undiscounted future cash flows expected to result from the use and eventual disposition of these assets.  The assessment took into account the Company’s expectation for the future price of gold as well as the probability of achieving certain opportunities to enhance the economics of the Livengood Gold Project as set out in the September 2013 Study and as subsequently developed by the Company.  Based on this assessment, no impairments were recorded at December 31, 2014.
	Asset retirement obligations
	The Company records a liability based on the best estimate of costs for site closure and reclamation activities that the Company is legally or contractually required to remediate and recorded at the time environmental disturbance occurs.  The provision for closure and reclamation liabilities is estimated using expected cash flows based on engineering and environmental reports and accreted to full value over time through periodic charges to income.  The Company does not have any material provisions for environmental rehabilitation as of December 31, 2014.
	Derivatives
	Derivative financial liabilities include the Company’s future contingent mineral property payment valued using estimated future gold prices.  Derivatives are initially recognized at their fair value on the date the derivative contract is entered into and are subsequently re-measured at their fair value at each reporting period with changes in the fair value recognized in the statement of operations.
	Income taxes
	The Company accounts for income taxes under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Under the asset and liability method, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is recognized if it is more likely than not that some portion or the entire deferred tax asset will not be recognized.
	Net loss per share
	Basic loss per share is calculated using the weighted average number of common shares outstanding during the period.  Diluted loss per share reflects the potential dilution that could occur if securities or contracts that may require the issuance of common shares in the future were converted, unless the impact is anti-dilutive.
	Stock-based compensation
	The Company follows the provisions of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification Section 718 “Compensation - Stock Compensation”, which establishes accounting for equity based compensation awards to be accounted for using the fair value method.  The Company uses the Black-Scholes option pricing model to determine the grant date fair value of the awards.  Compensation expense is measured at the grant date and recognized over the requisite service period, which is generally the vesting period.
	Recently Issued Accounting Pronouncements
	In June 2014, the FASB issued Accounting Standards Update 2014-12, Compensation - Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period (“ASU 2014-12”). The amendments in ASU 2014-12 require that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition.  A reporting entity should apply existing guidance in ASC 718, as it relates to awards with performance conditions that affect vesting to account for such awards. The amendments in ASU 2014-12 are effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. Early adoption is permitted. The adoption of ASU 2014-12 is not expected to have a material impact on our financial position, results of operations or cash flows.
	Recently Adopted Accounting Pronouncements
	In June 2014, the FASB 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	12 Months Ended
	Dec. 31, 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 December 31, 2014
		Level 1		Level 2
	Financial assets:
	Marketable securities	$	26,894	$	—
		$	26,894	$	—
	Financial liabilities:
	Derivative liability (note 6)	$	—	$	14,700,000
		$	—	$	14,700,000
		Fair value as at December 31, 2013
		Level 1		Level 2
	Financial assets:
	Marketable securities	$	55,002	$	—
		$	55,002	$	—
	Financial liabilities:
	Derivative liability (note 6)	$	—	$	14,800,000
		$	—	$	14,800,000

CAPITALIZED_ACQUISITION_COSTS

CAPITALIZED ACQUISITION COSTS	12 Months Ended
	Dec. 31, 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
	Additions		30,477
	Balance, December 31, 2014		$	55,204,041
	The following table presents costs incurred for exploration and evaluation activities for the years ended December 31, 2014 and 2013:
			Year ended		Year ended
			December 31, 2014		December 31, 2013
	Exploration costs:
	Aircraft services		$	10,286	$	68,577
	Assay		8,163		21,712
	Drilling		119,036		451,286
	Environmental		1,201,642		2,235,287
	Equipment rental		52,709		344,063
	Field costs		211,848		825,642
	Geological/geophysical		70,388		3,367,799
	Land maintenance & tenure		530,543		470,489
	Legal		367,556		256,965
	Surveying and mapping		26,503		95,638
	Transportation and travel		33,300		51,537
	Total expenditures for the period		$	2,631,974	$	8,188,995
	Properties acquired from AngloGold, Alaska
	Pursuant to an Asset Purchase and Sale and Indemnity Agreement dated June 30, 2006, as amended on July 26, 2007 (the “AngloGold Agreement”), among the Company, AngloGold Ashanti (U.S.A.) Exploration Inc. (“AngloGold”) and TH Alaska, the Company acquired all of AngloGold’s interest in a portfolio of seven mineral exploration projects in Alaska and referred to as the Livengood, Chisna, Gilles, Coffee Dome, West Pogo, Blackshell, and Caribou properties (the “Sale Properties”) in exchange for a cash payment of $50,000 on August 4, 2006, and the issuance of 5,997,295 common shares, representing approximately 19.99% of the Company’s issued shares following the closing of the acquisition and two private placement financings raising an aggregate of C$11,479,348.  AngloGold had the right to maintain its percentage equity interest in the Company, on an ongoing basis, provided that such right terminated if AngloGold’s interest was reduced below 10% at any time after January 1, 2009.
	As further consideration for the transfer of the Sale Properties, the Company granted to AngloGold a 90 day right of first offer with respect to the Sale Properties and any additional mineral properties in Alaska in which the Company acquires an interest and which interest the Company proposes to farm out or otherwise dispose of.  Upon AngloGold’s equity interest in the Company being reduced to less than 10%, this right of first offer would then terminate.  On December 11, 2014 the Company closed a private placement financing (see note 8 below) in which AngloGold elected not to participate.  As a result of the shares issued in this private placement, AngloGold’s ownership in the Company was reduced to less than 10% and thus both AngloGold’s right to maintain its ownership percentage interest and its right of first offer on the Company’s Alaskan properties terminated upon the closing of the private placement.
	Details of the Livengood Property (being the only Sale Property still held by the Company) are as follows:
	Livengood Property:
	The Livengood property is located in the Tintina gold belt approximately 113 kilometers (70 miles) north 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 December 31, 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 December 31, 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 December 31, 2014, the Company has paid $125,000 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 December 31, 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	12 Months Ended
	Dec. 31, 2014
ACCRUED LIABILITIES
ACCRUED LIABILITIES	5.ACCRUED LIABILITIES
	The following table presents the accrued liabilities balances at December 31, 2014 and 2013.
		December 31,		December 31,
		2014		2013
	Accrued liabilities	$	334,423	$	540,486
	Accrued severance	390,659		719,375
	Accrued salaries and benefits	153,600		191,366
	Total accrued liabilities	$	878,682	$	1,451,227
	Accrued liabilities at December 31, 2014 include accruals for general corporate costs and project costs of $74,413 and $260,010, 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	12 Months Ended
	Dec. 31, 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 for the claims and rights 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 December 31, 2014 and projected gold prices from December 31, 2014 to the end of the five year period in December 2016 of $1,356 per ounce of gold.
	The fair value of the derivative liability and the estimated Average Gold Price are as follows:
		Fair value			Average Gold
					Price/oz.
	Derivative value at December 31, 2012	$	22,400,000		$	1,688
	Unrealized gain for the year	(7,600,000		)
	Derivative value at December 31, 2013	14,800,000			$	1,360
	Unrealized gain for the year	(100,000		)
	Derivative value at December 31, 2014	$	14,700,000		$	1,356

INCOME_TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2014
INCOME TAXES
INCOME TAXES	7.INCOME TAXES
	A reconciliation of income taxes at statutory rates with the reported taxes is as follows for the years ended December 31, 2014 and 2013:
		December 31,			December 31,
		2014			2013
	Loss before income taxes	$	(7,767,096	)	$	(9,852,480	)
	Statutory Canadian corporate tax rate	25		%	25		%
	Income tax recovery at statutory rates	$	(1,941,774	)	$	(2,463,120	)
	Share-based payments	321,346			891,068
	Unrecognized items for tax purposes	(5,383		)	(1,634,335		)
	Difference in tax rates in other jurisdictions	(1,072,910		)	(1,036,959		)
	Unrecognized amounts	2,698,721			4,243,346
	Income tax recovery	$	—		$	—
	The significant components of the Company’s deferred income tax assets and liabilities are as follows:
		December 31,			December 31,
		2014			2013
	Deferred income tax assets (liabilities):
	Mineral properties	$	57,243,322		$	57,243,322
	Derivative liability	(1,822,800		)	(1,801,100		)
	Other	62,329			63,539
	Share issue costs	148,685			409,503
	Non-capital losses available for future periods	31,229,931			28,245,574
		86,861,467			84,160,838
	Valuation allowance	(86,861,467		)	(84,160,838		)
	Deferred income tax asset	$	—		$	—
	At December 31, 2014, the Company has available net operating losses for Canadian income tax purposes of approximately $17,536,000 and net operating losses for US income tax purposes of approximately $61,857,000 available for carry-forward to reduce future years’ taxable income, if not utilized, expiring as follows:
		Canada			United States
	2025	$	65,000		$	—
	2026	78,000			—
	2027	907,000			1,252,000
	2028	1,253,000			1,350,000
	2029	2,074,000			2,600,000
	2030	2,829,000			5,691,000
	2031	4,180,000			14,730,000
	2032	2,629,000			18,371,000
	2033	1,827,000			11,962,000
	2034	1,694,000			5,901,000
		17,536,000			61,857,000
	In addition, the Company has available mineral resource related expenditure pools for Canadian income tax purposes totalling approximately $2,628,000 which may be deducted against future taxable income in Canada on a discretionary basis.  The Company also has available mineral resource expenses that are related to the Company’s exploration activities in the United States of approximately $185,999,000 which may be deductible for U.S. tax purposes.  Future tax benefits, which may arise as a result of applying these deductions to taxable income, have not been recognized in these accounts due to the uncertainty of future taxable income.

SHARE_CAPITAL

SHARE CAPITAL	12 Months Ended
	Dec. 31, 2014
SHARE CAPITAL
SHARE CAPITAL	8.SHARE CAPITAL
	Authorized
	500,000,000 common shares without par value.  At December 31, 2014 and 2013 there were 116,313,638 and 98,068,638 shares issued and outstanding, respectively.
	Share issuances
	During the fourth quarter of 2014, the Company closed a non-brokered private placement financing through the issuance of 18,245,000 common shares issued at C$0.46 per share for gross proceeds of $7,315,917.  The financing closed on December 11, 2014.  Total share issuance costs for this non-brokered private placement financing amounted to $24,828.
	Stock options
	The Company has adopted an incentive stock option plan (the “2006 Plan”).  The essential elements of the 2006 Plan provide that the aggregate number of common shares of the Company’s capital stock that may be made issuable pursuant to options granted under the 2006 Plan may not exceed 10% of the number of issued shares of the Company at the time of the granting of the options.  Options granted under the 2006 Plan will have a maximum term of ten years.  The exercise price of options granted under the 2006 Plan shall be fixed in compliance with the applicable provisions of the TSX Company Manual in force at the time of grant and, in any event, shall not be less than the closing price of the Company’s common shares on the TSX on the trading day immediately preceding the day on which the option is granted, or such other price as may be agreed to by the Company and accepted by the Toronto Stock Exchange.  Options granted under the 2006 Plan vest immediately, unless otherwise determined by the directors at the date of grant.  All options granted during the years ended December 31, 2014 and 2013 vest as to one-third on the date of grant, one-third on the first anniversary, and the balance on the second anniversary.
	A summary of the status of the stock option plan as of December 31, 2014 and 2013 and changes during the periods is presented below:
		Year Ended					Year Ended
		December 31, 2014					December 31, 2013
		Number of		Weighted			Number of		Weighted
		Options		Average Exercise			Options		Average Exercise
				Price (C$)					Price (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 December 31, 2014 was 4.5 years.
	Stock options outstanding are as follows:
		December 31, 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 December 31, 2014 and 2013 and changes during the fiscal years ended December 31, 2014 and 2013 is as follows:
	Non-vested options:	Number of		Weighted
		options		average grant-
				date fair value
				(C$)
	Outstanding at December 31, 2012	4,386,680		$	2.05
	Granted	613,000		$	0.5
	Vested	(2,547,660	)	$	2.27
	Forfeited	(650,003	)	$	1.57
	Outstanding at December 31, 2013	1,802,017		$	1.38
	Granted	2,480,000		$	0.49
	Vested	(2,272,342	)	$	1.1
	Forfeited	(200,001	)	$	1.61
	Outstanding at December 31, 2014	1,809,674		$	0.49
	At December 31, 2014 there was unrecognized compensation expense of C$308,850 related to non-vested options outstanding.  The cost is expected to be recognized over a weighted-average remaining period of approximately 0.93 years.
	Share-based payments
	During the year ended December 31, 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.  The Company recognized share-based payment expense of $1,285,385, $3,564,273 and $9,206,975 during the years ended December 31, 2014, 2013 and 2012, respectively.
	The following weighted average assumptions were used for the Black-Scholes option pricing model calculations:
		Year ended			Year ended
		December 31,			December 31,
		2014			2013
	Expected life of options	6 years			4 years
	Risk-free interest rate	1.83		%	1.29		%
	Expected volatility	81.02		%	59.48		%
	Dividend rate	0.00		%	0.00		%
	Exercise price (C$)	$	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	12 Months Ended
	Dec. 31, 2014
SEGMENT AND GEOGRAPHIC INFORMATION
SEGMENT AND GEOGRAPHIC INFORMATION	9.SEGMENT AND GEOGRAPHIC INFORMATION
	The Company operates in a single reportable operating segment, being the exploration and development of mineral properties.  The following tables present selected financial information by geographic location:
		Canada			United States			Total
	December 31, 2014
	Capitalized acquisition costs	$	—		$	55,204,041		$	55,204,041
	Property and equipment	10,477			26,651			37,128
	Current assets	13,003,412			760,119			13,763,531
	Total assets	$	13,013,889		$	55,990,811		$	69,004,700
	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
		Year ended			Year ended			Year ended
		December 31,			December 31,			December 31,
		2014			2013			2012
	Net loss for the period - Canada	$	(1,936,065	)	$	(4,216,835	)	$	(10,589,464	)
	Net loss for the period - United States	(5,831,031		)	(5,635,645		)	(46,053,998		)
	Net loss for the period	$	(7,767,096	)	$	(9,852,480	)	$	(56,643,462	)

COMMITMENTS

COMMITMENTS	12 Months Ended
	Dec. 31, 2014
COMMITMENTS
COMMITMENTS	10.COMMITMENTS
	The following table discloses, as of December 31, 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
			2015		2016		2017		2018		2019		2020 and		Total
													beyond
	Livengood Property Purchase(1)		$	—	$	—	$	14,700,000	$	—	$	—	$	—	$	14,700,000
	Mineral Property Leases(2)		412,398		417,309		422,294		427,353		437,488		442,701		2,559,543
	Mining Claim Government Fees		115,205		77,230		77,230		77,230		77,230		77,230		501,355
	Office and Equipment Lease Obligations		86,584		—		—		—		—		—		86,584
	Total		$	614,187	$	494,539	$	15,199,524	$	504,583	$	514,718	$	519,931	$	17,847,482
		-1		The amount payable in January 2017 of $14,700,000 represents the fair value of the Company’s derivative liability as at December 31, 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 for 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.

SUPPLEMENTAL_CASH_FLOW_INFORMA

SUPPLEMENTAL CASH FLOW INFORMATION	12 Months Ended
	Dec. 31, 2014
SUPPLEMENTAL CASH FLOW INFORMATION
SUPPLEMENTAL CASH FLOW INFORMATION	11.SUPPLEMENTAL CASH FLOW INFORMATION
		December 31,		December 31,		December 31,
		2014		2013		2012
	Income taxes paid	$	—	$	—	$	150,607

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2014
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of presentation	Basis of presentation
	These consolidated financial statements are presented in United States dollars and have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”).
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.
Significant judgments, estimates and assumptions	Significant judgments, estimates and assumptions
	The preparation of financial statements in accordance 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 regularly 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.
	The areas which require significant judgment and estimates that management has made at the financial reporting date, that could result in a material change to the carrying amounts of assets and liabilities, in the event actual results differ from the assumptions made, relate to, but are not limited to the following:
	Significant estimates
		·	the fair value determination and inputs used in the valuation of the derivative liability (see note 6).
	Significant judgments
		·	the determination of functional currencies;
		·	quantitative and qualitative factors used in the assessment of impairment of the Company’s capitalized acquisition costs; and
		·	the analysis of resource calculations, drill results, labwork, etc. which can impact the Company’s assessment of impairments, and provisions, if any, for environmental rehabilitation and restoration.
Cash and cash equivalents	Cash and cash equivalents
	Cash equivalents include highly liquid investments with original maturities of three months or less, and which are subject to an insignificant risk of change in value.  Cash equivalents are held for the purpose of meeting short-term cash commitments rather than for investment or other purposes.
Marketable securities	Marketable securities
	Marketable securities held in companies with an active market are classified as available-for-sale securities.  Available-for-sale securities are recorded at fair value in the financial statements with unrealized gains and losses recorded in accumulated other comprehensive income.  Accumulated unrealized gains and losses are recognized in the statement of operations upon the sale of the security or if the security is determined to be impaired.
Property and equipment	Property and equipment
	On initial recognition, property and equipment are valued at cost.  Property and equipment is subsequently measured at cost less accumulated depreciation, less any accumulated impairment losses, with the exception of land which is not depreciated. Depreciation is recorded over the estimated useful life of the assets at the following annual rates:
	Computer equipment - 30% declining balance;
	Computer software - 3 years straight line;
	Furniture and equipment -20% declining balance; and
	Leasehold improvements - straight-line over the lease term.
	Additions during the year are depreciated at one-half the annual rates.  Depreciation methods, useful lives and residual values are reviewed at each financial year-end and adjusted if appropriate.
Mineral properties and exploration and evaluation expenditures	Mineral properties and exploration and evaluation expenditures
	The Company’s mineral project is currently in the exploration and evaluation phase.  Mineral property acquisition costs are capitalized when incurred.  Mineral property exploration costs are expensed as incurred.  At such time that the Company determines that a mineral property can be economically developed, subsequent mineral property expenses will be capitalized during the development of such property.
	The Company assesses interests in exploration properties for impairment when facts and circumstances suggest that the carrying amount of an asset may exceed its recoverable amount.  Impairment analysis includes assessment of the following circumstances: a significant decrease in the market price of a long-lived asset or asset group; a significant adverse change in the extent or manner in which a long-lived asset or asset group is being used or in its physical condition; a significant adverse change in legal factors or in the business climate that could affect the value of a long-lived asset or asset group, including an adverse action or assessment by a regulator; an accumulation of costs significantly in excess of the amount originally expected for the acquisition or construction of a long-lived asset or asset group; a current-period operating or cash flow loss combined with a history of operating or cash flow losses or a projection or forecast that demonstrates continuing losses associated with the use of a long-lived asset or asset group; a current expectation that, more likely than not, a long-lived asset or asset group will be sold or otherwise disposed of significantly before the end of its previously estimated useful life.  The term more likely than not refers to a level of likelihood that is more than 50%.
	The Company’s assessment of impairment related to its capitalized acquisition costs at December 31, 2014 was based on estimated undiscounted future cash flows expected to result from the use and eventual disposition of these assets.  The assessment took into account the Company’s expectation for the future price of gold as well as the probability of achieving certain opportunities to enhance the economics of the Livengood Gold Project as set out in the September 2013 Study and as subsequently developed by the Company.  Based on this assessment, no impairments were recorded at December 31, 2014.
Asset retirement obligations	Asset retirement obligations
	The Company records a liability based on the best estimate of costs for site closure and reclamation activities that the Company is legally or contractually required to remediate and recorded at the time environmental disturbance occurs.  The provision for closure and reclamation liabilities is estimated using expected cash flows based on engineering and environmental reports and accreted to full value over time through periodic charges to income.  The Company does not have any material provisions for environmental rehabilitation as of December 31, 2014.
Derivatives	Derivatives
	Derivative financial liabilities include the Company’s future contingent mineral property payment valued using estimated future gold prices.  Derivatives are initially recognized at their fair value on the date the derivative contract is entered into and are subsequently re-measured at their fair value at each reporting period with changes in the fair value recognized in the statement of operations.
Income taxes	Income taxes
	The Company accounts for income taxes under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Under the asset and liability method, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is recognized if it is more likely than not that some portion or the entire deferred tax asset will not be recognized.
Net loss per share	Net loss per share
	Basic loss per share is calculated using the weighted average number of common shares outstanding during the period.  Diluted loss per share reflects the potential dilution that could occur if securities or contracts that may require the issuance of common shares in the future were converted, unless the impact is anti-dilutive.
Stock-based compensation	Stock-based compensation
	The Company follows the provisions of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification Section 718 “Compensation - Stock Compensation”, which establishes accounting for equity based compensation awards to be accounted for using the fair value method.  The Company uses the Black-Scholes option pricing model to determine the grant date fair value of the awards.  Compensation expense is measured at the grant date and recognized over the requisite service period, which is generally the vesting period.
Recently issued and adopted accounting pronouncements	Recently Issued Accounting Pronouncements
	In June 2014, the FASB issued Accounting Standards Update 2014-12, Compensation - Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period (“ASU 2014-12”). The amendments in ASU 2014-12 require that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition.  A reporting entity should apply existing guidance in ASC 718, as it relates to awards with performance conditions that affect vesting to account for such awards. The amendments in ASU 2014-12 are effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. Early adoption is permitted. The adoption of ASU 2014-12 is not expected to have a material impact on our financial position, results of operations or cash flows.
	Recently Adopted Accounting Pronouncements
	In June 2014, the FASB 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)	12 Months Ended
	Dec. 31, 2014
FAIR VALUE OF FINANCIAL INSTRUMENTS
Schedule of fair value of financial instruments
		Fair value as at December 31, 2014
		Level 1		Level 2
	Financial assets:
	Marketable securities	$	26,894	$	—
		$	26,894	$	—
	Financial liabilities:
	Derivative liability (note 6)	$	—	$	14,700,000
		$	—	$	14,700,000
		Fair value as at December 31, 2013
		Level 1		Level 2
	Financial assets:
	Marketable securities	$	55,002	$	—
		$	55,002	$	—
	Financial liabilities:
	Derivative liability (note 6)	$	—	$	14,800,000
		$	—	$	14,800,000

CAPITALIZED_ACQUISITION_COSTS_

CAPITALIZED ACQUISITION COSTS (Tables)	12 Months Ended
	Dec. 31, 2014
CAPITALIZED ACQUISITION COSTS
Schedule of activity related to capitalized acquisition costs
	Capitalized acquisition costs	Amount
	Balance, December 31, 2013	$	55,173,564
	Additions	30,477
	Balance, December 31, 2014	$	55,204,041
Schedule presenting costs incurred for exploration and evaluation activities
		Year ended		Year ended
		December 31, 2014		December 31, 2013
	Exploration costs:
	Aircraft services	$	10,286	$	68,577
	Assay	8,163		21,712
	Drilling	119,036		451,286
	Environmental	1,201,642		2,235,287
	Equipment rental	52,709		344,063
	Field costs	211,848		825,642
	Geological/geophysical	70,388		3,367,799
	Land maintenance & tenure	530,543		470,489
	Legal	367,556		256,965
	Surveying and mapping	26,503		95,638
	Transportation and travel	33,300		51,537
	Total expenditures for the period	$	2,631,974	$	8,188,995

ACCRUED_LIABILITIES_Tables

ACCRUED LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2014
ACCRUED LIABILITIES
Schedule of accrued liabilities
		December 31,		December 31,
		2014		2013
	Accrued liabilities	$	334,423	$	540,486
	Accrued severance	390,659		719,375
	Accrued salaries and benefits	153,600		191,366
	Total accrued liabilities	$	878,682	$	1,451,227

DERIVATIVE_LIABILITY_Tables

DERIVATIVE LIABILITY (Tables)	12 Months Ended
	Dec. 31, 2014
DERIVATIVE LIABILITY
Schedule of fair value of the derivative liability and the estimated Average Gold Price
		Fair value			Average Gold
					Price/oz.
	Derivative value at December 31, 2012	$	22,400,000		$	1,688
	Unrealized gain for the year	(7,600,000		)
	Derivative value at December 31, 2013	14,800,000			$	1,360
	Unrealized gain for the year	(100,000		)
	Derivative value at December 31, 2014	$	14,700,000		$	1,356

INCOME_TAXES_Tables

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2014
INCOME TAXES
Schedule of reconciliation of income taxes at statutory rates with the reported taxes
		December 31,			December 31,
		2014			2013
	Loss before income taxes	$	(7,767,096	)	$	(9,852,480	)
	Statutory Canadian corporate tax rate	25		%	25		%
	Income tax recovery at statutory rates	$	(1,941,774	)	$	(2,463,120	)
	Share-based payments	321,346			891,068
	Unrecognized items for tax purposes	(5,383		)	(1,634,335		)
	Difference in tax rates in other jurisdictions	(1,072,910		)	(1,036,959		)
	Unrecognized amounts	2,698,721			4,243,346
	Income tax recovery	$	—		$	—
Schedule of significant components of the Company's deferred income tax assets and liabilities
		December 31,			December 31,
		2014			2013
	Deferred income tax assets (liabilities):
	Mineral properties	$	57,243,322		$	57,243,322
	Derivative liability	(1,822,800		)	(1,801,100		)
	Other	62,329			63,539
	Share issue costs	148,685			409,503
	Non-capital losses available for future periods	31,229,931			28,245,574
		86,861,467			84,160,838
	Valuation allowance	(86,861,467		)	(84,160,838		)
	Deferred income tax asset	$	—		$	—
Schedule of expiration year of available net loss carryforward
		Canada			United States
	2025	$	65,000		$	—
	2026	78,000			—
	2027	907,000			1,252,000
	2028	1,253,000			1,350,000
	2029	2,074,000			2,600,000
	2030	2,829,000			5,691,000
	2031	4,180,000			14,730,000
	2032	2,629,000			18,371,000
	2033	1,827,000			11,962,000
	2034	1,694,000			5,901,000
		17,536,000			61,857,000

SHARE_CAPITAL_Tables

SHARE CAPITAL (Tables)	12 Months Ended
	Dec. 31, 2014
SHARE CAPITAL
Summary of the status of the stock option plan and changes therein
		Year Ended					Year Ended
		December 31, 2014					December 31, 2013
		Number of		Weighted			Number of		Weighted
		Options		Average Exercise			Options		Average Exercise
				Price (C$)					Price (C$)
	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
		December 31, 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, 2012	4,386,680		$	2.05
	Granted	613,000		$	0.5
	Vested	(2,547,660	)	$	2.27
	Forfeited	(650,003	)	$	1.57
	Outstanding at December 31, 2013	1,802,017		$	1.38
	Granted	2,480,000		$	0.49
	Vested	(2,272,342	)	$	1.1
	Forfeited	(200,001	)	$	1.61
	Outstanding at December 31, 2014	1,809,674		$	0.49
Schedule of weighted average assumptions as used for Black-Scholes option pricing model calculations
		Year ended			Year ended
		December 31,			December 31,
		2014			2013
	Expected life of options	6 years			4 years
	Risk-free interest rate	1.83		%	1.29		%
	Expected 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)	12 Months Ended
	Dec. 31, 2014
SEGMENT AND GEOGRAPHIC INFORMATION
Schedule of selected financial information by geographic location
		Canada			United States			Total
	December 31, 2014
	Capitalized acquisition costs	$	—		$	55,204,041		$	55,204,041
	Property and equipment	10,477			26,651			37,128
	Current assets	13,003,412			760,119			13,763,531
	Total assets	$	13,013,889		$	55,990,811		$	69,004,700
	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
		Year ended			Year ended			Year ended
		December 31,			December 31,			December 31,
		2014			2013			2012
	Net loss for the period - Canada	$	(1,936,065	)	$	(4,216,835	)	$	(10,589,464	)
	Net loss for the period - United States	(5,831,031		)	(5,635,645		)	(46,053,998		)
	Net loss for the period	$	(7,767,096	)	$	(9,852,480	)	$	(56,643,462	)

COMMITMENTS_Tables

COMMITMENTS (Tables)	12 Months Ended
	Dec. 31, 2014
COMMITMENTS
Schedule of contractual obligations
			Payments Due by Year
			2015		2016		2017		2018		2019		2020 and		Total
													beyond
	Livengood Property Purchase(1)		$	—	$	—	$	14,700,000	$	—	$	—	$	—	$	14,700,000
	Mineral Property Leases(2)		412,398		417,309		422,294		427,353		437,488		442,701		2,559,543
	Mining Claim Government Fees		115,205		77,230		77,230		77,230		77,230		77,230		501,355
	Office and Equipment Lease Obligations		86,584		—		—		—		—		—		86,584
	Total		$	614,187	$	494,539	$	15,199,524	$	504,583	$	514,718	$	519,931	$	17,847,482
		-1		The amount payable in January 2017 of $14,700,000 represents the fair value of the Company’s derivative liability as at December 31, 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 for 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.

SUPPLEMENTAL_CASH_FLOW_INFORMA1

SUPPLEMENTAL CASH FLOW INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2014
SUPPLEMENTAL CASH FLOW INFORMATION
Schedule of supplemental cash flow information
		December 31,		December 31,		December 31,
		2014		2013		2012
	Income taxes paid	$	—	$	—	$	150,607

GENERAL_INFORMATION_NATURE_AND1

GENERAL INFORMATION, NATURE AND CONTINUANCE OF OPERATIONS (Details) (Livengood Property)	Dec. 31, 2014
Livengood Property
GENERAL INFORMATION, NATURE AND CONTINUANCE OF OPERATIONS
Controlling interest in Livengood Gold Project in Alaska, U.S.A. (as a percent)	100.00%

SUMMARY_OF_SIGNIFICANT_ACCOUNT2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)	12 Months Ended
	Dec. 31, 2014
Mineral properties and exploration and evaluation expenditures
Impairment of capitalized acquisition costs	$0
Computer equipment
Property and equipment
Annual depreciation rate	30% declining balance
Computer software
Property and equipment
Annual depreciation rate	3 years straight line
Furniture and equipments
Property and equipment
Annual depreciation rate	20% declining balance
Leasehold improvements
Property and equipment
Annual depreciation rate	straight-line over the lease term

FAIR_VALUE_OF_FINANCIAL_INSTRU2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) (Recurring, USD $)	Dec. 31, 2014	Dec. 31, 2013
Level 1
Financial assets:
Marketable securities	$26,894	$55,002
Total	26,894	55,002
Level 2
Financial liabilities:
Derivative liability	14,700,000	14,800,000
Total	$14,700,000	$14,800,000

CAPITALIZED_ACQUISITION_COSTS_1

CAPITALIZED ACQUISITION COSTS (Details)

3 Months Ended

12 Months Ended

12 Months Ended

12 Months Ended

12 Months Ended

0 Months Ended

Dec. 31, 2014

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2014

Dec. 31, 2014

Dec. 31, 2014

Dec. 31, 2014

Dec. 31, 2014

Dec. 31, 2014

Dec. 31, 2014

Dec. 31, 2014

Dec. 31, 2014

Dec. 31, 2014

Dec. 31, 2014

Dec. 31, 2014

Dec. 31, 2014

Dec. 31, 2014

Dec. 31, 2014

Dec. 31, 2014

Dec. 31, 2014

Jul. 26, 2007

Aug. 04, 2006

Jun. 30, 2006

Dec. 11, 2014

Jul. 26, 2007

Aug. 04, 2006

USD ($)

USD ($)

USD ($)

USD ($)

Livengood Property

Livengood Property

Livengood Property

Livengood Property

Livengood Property

Livengood Property

Livengood Property

Livengood Property

Livengood Property

Livengood Property

Livengood Property

Livengood Property

Livengood Property

Livengood Property

Livengood Property

Livengood Property

Livengood Property

AngloGold

AngloGold

AngloGold

AngloGold

AngloGold

AngloGold

Alaska Mental Health Trust mineral rights

Alaska Mental Health Trust mineral rights

Alaska Mental Health Trust mineral rights

Federal unpatented lode mining

Federal unpatented lode mining

Federal unpatented lode mining

Federal unpatented lode mining

Federal unpatented lode mining

Patented lode claims

Patented lode claims

Patented lode claims

Unpatented federal lode mining and federal unpatented placer claims

Unpatented federal lode mining and federal unpatented placer claims

Unpatented federal lode mining and federal unpatented placer claims

Unpatented federal lode mining and federal unpatented placer claims

Unpatented federal lode mining and federal unpatented placer claims

Unpatented federal lode mining and federal unpatented placer claims

CAD

USD ($)

item

item

USD ($)

Production royalty

Production royalty

USD ($)

Advance royalties

Production royalty

Production royalty

Production royalty

USD ($)

Advance royalties

Production royalty

USD ($)

Maximum

Advance royalties

Production royalty

Production royalty

Production royalty

Minimum

Maximum

Minimum

USD ($)

Minimum

Maximum

Minimum

Minimum

USD ($)

Minimum

Maximum

USD ($)

USD ($)

USD ($)

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

55,173,564

Exploration costs:

Aircraft services

10,286

68,577

Assay

8,163

21,712

Drilling

119,036

451,286

Environmental

1,201,642

2,235,287

Equipment rental

52,709

344,063

Field costs

211,848

825,642

Geological/geophysical

70,388

3,367,799

Land maintenance & tenure

530,543

470,489

Legal

367,556

256,965

Surveying and mapping

26,503

95,638

Transportation and travel

33,300

51,537

Total expenditures for the period

2,631,974

8,188,995

36,253,519

Properties acquired from AngloGold, Alaska

Number of mineral exploration projects

7

Cash payment

50,000

Shares issued

5,997,295

Equity interest percentage in the entity by the acquired entity

19.99%

Number of private placement financings

2

Proceeds from issuance of common shares

7,315,917

7,315,917

29,768,529

11,479,348

Equity interest falling below specific percentage any time after January 1, 2009 resulting in termination of right to maintain equity interest percentage on an ongoing basis

10.00%

Period of right of first offer

90 days

Equity interest falling below specific percentage resulting in termination of right of first offer

10.00%

10.00%

Extended period of lease term

19 years

Flat annual fee (as a percent)

125.00%

Lease expenditures, additional disclosures

Initial lease term

10 years

10 years

10 years

NSR, based on price of gold, payable (as a percent)

2.50%

5.00%

2.00%

3.00%

0.50%

1.00%

NSR payable (as a percent)

3.00%

2.00%

Expenditure since inception of lease

1,648,923

530,000

125,000

83,000

Lease expenditure due on or before each anniversary date of lease

50,000

20,000

15,000

Royalty to be purchased by the entity (as a percent)

1.00%

Purchase price payable for a portion of royalty

1,000,000

1,000,000

Lease expenditure due on or before each subsequent anniversary date of lease

25,000

Purchase price payable for purchase of all interests of the lessors in the leased property

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

NSR production royalty base for payments for acquisition of mining interest (as a percent)

3.00%

Amount payable to lessor on positive production decision

250,000

Portion of amount payable to lessor on positive production decision

125,000

Balance amount payable to lessor on positive production decision

$125,000

Prescribed period for payment of the first half portion to lessor on positive production decision

120 days

ACCRUED_LIABILITIES_Details

ACCRUED LIABILITIES (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Accrued liabilities
Accrued liabilities	$334,423	$540,486
Accrued severance	390,659	719,375
Accrued salaries and benefits	153,600	191,366
Total accrued liabilities	878,682	1,451,227
General corporate costs	74,413	115,020
Project costs	$260,010	$425,466

DERIVATIVE_LIABILITY_Details

DERIVATIVE LIABILITY (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
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)	1,356	1,360	1,688
Fair value of the derivative liability
Derivative value at beginning of the period	14,800,000	22,400,000
Unrealized (gain) loss on derivative liability	-100,000	-7,600,000	1,600,000
Derivative value at end of the period	14,700,000	14,800,000	22,400,000
Livengood Gold Project, Alaska
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

INCOME_TAXES_Details

INCOME TAXES (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Reconciliation of income taxes at statutory rates with the reported taxes
Loss before income taxes	($7,767,096)	($9,852,480)
Statutory Canadian corporate tax rate (as a percent)	25.00%	25.00%
Income tax recovery at statutory rates	-1,941,774	-2,463,120
Share-based payments	321,346	891,068
Unrecognized items for tax purposes	-5,383	-1,634,335
Difference in tax rates in other jurisdictions	-1,072,910	-1,036,959
Unrecognized amounts	2,698,721	4,243,346
Deferred income tax assets (liabilities):
Mineral properties	57,243,322	57,243,322
Derivative liability	-1,822,800	-1,801,100
Other	62,329	63,539
Share issue costs	148,685	409,503
Non-capital losses available for future periods	31,229,931	28,245,574
Deferred income tax asset before valuation	86,861,467	84,160,838
Valuation allowance	($86,861,467)	($84,160,838)

INCOME_TAXES_Details_2

INCOME TAXES (Details 2) (USD $)	Dec. 31, 2014
Net operating losses
Net operating losses carry-forward	$17,536,000
Canada
Net operating losses
Net operating losses carry-forward	17,536,000
Amount of mineral resource related expenditure pools available for carryforward	2,628,000
Canada | 2025
Net operating losses
Net operating losses carry-forward	65,000
Canada | 2026
Net operating losses
Net operating losses carry-forward	78,000
Canada | 2027
Net operating losses
Net operating losses carry-forward	907,000
Canada | 2028
Net operating losses
Net operating losses carry-forward	1,253,000
Canada | 2029
Net operating losses
Net operating losses carry-forward	2,074,000
Canada | 2030
Net operating losses
Net operating losses carry-forward	2,829,000
Canada | 2031
Net operating losses
Net operating losses carry-forward	4,180,000
Canada | 2032
Net operating losses
Net operating losses carry-forward	2,629,000
Canada | 2033
Net operating losses
Net operating losses carry-forward	1,827,000
Canada | 2034
Net operating losses
Net operating losses carry-forward	1,694,000
United States
Net operating losses
Net operating losses carry-forward	61,857,000
Amount of mineral resource related expenditure pools available for carryforward	185,999,000
United States | 2027
Net operating losses
Net operating losses carry-forward	1,252,000
United States | 2028
Net operating losses
Net operating losses carry-forward	1,350,000
United States | 2029
Net operating losses
Net operating losses carry-forward	2,600,000
United States | 2030
Net operating losses
Net operating losses carry-forward	5,691,000
United States | 2031
Net operating losses
Net operating losses carry-forward	14,730,000
United States | 2032
Net operating losses
Net operating losses carry-forward	18,371,000
United States | 2033
Net operating losses
Net operating losses carry-forward	11,962,000
United States | 2034
Net operating losses
Net operating losses carry-forward	$5,901,000

SHARE_CAPITAL_Details

SHARE CAPITAL (Details)	3 Months Ended	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2014	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014
	USD ($)	USD ($)	CAD	CAD	USD ($)	On the date of grant	On the date of grant	First anniversary	First anniversary	Maximum
Authorized
Authorized common shares without par value		500,000,000	500,000,000	500,000,000
Share capital, shares issued		116,313,638	116,313,638	98,068,638
Share capital, shares outstanding		116,313,638	116,313,638	98,068,638
Share issuances
Issuance of common shares	18,245,000
Price per share (in Canadian dollars per share)			0.46
Proceeds from issuance of common shares	$7,315,917	$7,315,917			$29,768,529
Share issuance costs for non-brokered private placement financing		$24,828			$554,280
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
Vesting percentage						33.00%	33.00%	33.00%	33.00%
Number of Options
Balance, beginning of the period (in shares)		5,493,000	5,493,000	8,570,000
Granted (in shares)		2,480,000	2,480,000	613,000
Expired (in shares)				-1,040,000
Forfeited (in shares)		-600,000	-600,000	-1,550,000
Cancelled (in shares)		-1,519,000	-1,519,000	-1,100,000
Balance, end of the period (in shares)		5,854,000	5,854,000	5,493,000
Weighted Average Exercise Price
Balance, beginning of the period (in Canadian dollars per share)			3.57	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 6 months	4 years 6 months

SHARE_CAPITAL_Details_2

SHARE CAPITAL (Details 2) (CAD)	Dec. 31, 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
Exercise Price $ 8.07
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
Exercise Price $ 4.60
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
Exercise Price $ 3.17
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
Exercise Price $ 2.91
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
Exercise Price $ 2.18
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
Exercise Price $ 1.11
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
Exercise Price $ 0.73
Stock options outstanding
Exercise Price (in Canadian dollars per share)	0.73
Number of Options (in shares)	690,000
Exercisable (in shares)	230,000
Exercise Price $ 1.11
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)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2012
	USD ($)	CAD	USD ($)	CAD	USD ($)
Number of options
Outstanding at the beginning of the period (in shares)	1,802,017	1,802,017	4,386,680	4,386,680
Granted (in shares)	2,480,000	2,480,000	613,000	613,000
Vested (in shares)	-2,272,342	-2,272,342	-2,547,660	-2,547,660
Forfeited (in shares)	-200,001	-200,001	-650,003	-650,003
Outstanding at the end of the period (in shares)	1,809,674	1,809,674	1,802,017	1,802,017
Weighted average grant-date fair value
Outstanding at the beginning of the period (in Canadian dollars per share)		1.38		2.05
Granted (in Canadian dollars per share)		0.49		0.5
Vested (in Canadian dollars per share)		1.1		2.27
Forfeited (in Canadian dollars per share)		1.61		1.57
Outstanding at the end of the period (in Canadian dollars per share)		0.49		1.38
Non-vested options: Additional disclosure
Unrecognized compensation expense		308,850
Weighted-average remaining period over which unrecognized compensation expense cost is expected to be recognized	11 months 5 days	11 months 5 days
Share-based payments
Options granted during the period (in shares)	2,480,000	2,480,000	613,000	613,000
Fair value of the option granted (in Canadian dollars)		1,224,537
Share-based payment charges	$1,285,385		$3,564,273		$9,206,975
Weighted average assumptions as used for Black-Scholes option pricing model calculations
Expected life of options	6 years	6 years	4 years	4 years
Risk-free interest rate (as a percent)	1.83%	1.83%	1.29%	1.29%
Expected volatility (as a percent)	81.02%	81.02%	59.48%	59.48%
Dividend rate (as a percent)	0.00%	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 $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
SEGMENTED INFORMATION
Capitalized acquisition costs	$55,204,041	$55,173,564
Restricted cash		30,477
Property and equipment	37,128	67,913
Current assets	13,763,531	14,192,923
Total assets	69,004,700	69,464,877
Net loss for the period	-7,767,096	-9,852,480	-56,643,462
Canada.
SEGMENTED INFORMATION
Property and equipment	10,477	11,994
Current assets	13,003,412	13,289,752
Total assets	13,013,889	13,301,746
Net loss for the period	-1,936,065	-4,216,835	-10,589,464
United States.
SEGMENTED INFORMATION
Capitalized acquisition costs	55,204,041	55,173,564
Restricted cash		30,477
Property and equipment	26,651	55,919
Current assets	760,119	903,171
Total assets	55,990,811	56,163,131
Net loss for the period	($5,831,031)	($5,635,645)	($46,053,998)

COMMITMENTS_Details

COMMITMENTS (Details) (USD $)	Dec. 31, 2014
Payments Due by Year
2015	$614,187
2016	494,539
2017	15,199,524
2018	504,583
2019	514,718
2020 and beyond	519,931
Total	17,847,482
Livengood Property Purchase
Payments Due by Year
2017	14,700,000
Total	14,700,000
Mineral Property Leases
Payments Due by Year
2015	412,398
2016	417,309
2017	422,294
2018	427,353
2019	437,488
2020 and beyond	442,701
Total	2,559,543
Mining Claim Government Fees
Payments Due by Year
2015	115,205
2016	77,230
2017	77,230
2018	77,230
2019	77,230
2020 and beyond	77,230
Total	501,355
Office and Equipment Lease Obligation
Payments Due by Year
2015	86,584
Total	$86,584

SUPPLEMENTAL_CASH_FLOW_INFORMA2

SUPPLEMENTAL CASH FLOW INFORMATION (Details) (USD $)	12 Months Ended
	Dec. 31, 2012
SUPPLEMENTAL CASH FLOW INFORMATION
Income taxes paid	$150,607