International Tower Hill Mines (THM) 10-K 16 Mar 18 2017 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Mar. 09, 2018	Jun. 30, 2017
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY
Entity Registrant Name	INTERNATIONAL TOWER HILL MINES LTD
Entity Central Index Key	1,134,115
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 35.6
Trading Symbol	THM
Entity Common Stock, Shares Outstanding		162,392,996

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Current assets
Cash and cash equivalents	$ 2,244,466	$ 22,466,493
Prepaid expenses and other	177,730	206,221
Total current assets	2,422,196	22,672,714
Property and equipment	20,794	24,800
Capitalized acquisition costs	55,204,041	55,204,041
Total assets	57,647,031	77,901,555
Current liabilities
Accounts payable	82,269	179,496
Accrued liabilities	346,569	210,182
Derivative liability	0	14,694,169
Total liabilities	428,838	15,083,847
Shareholders’ equity
Share capital, no par value; authorized 500,000,000 shares; 162,392,996 and 162,186,972 shares issued and outstanding at December 31, 2017 and 2016, respectively	265,616,642	265,569,796
Contributed surplus	34,459,264	34,079,301
Obligation to issue shares	63,593	0
Accumulated other comprehensive income	1,686,359	1,344,219
Deficit	(244,607,665)	(238,175,608)
Total shareholders’ equity	57,218,193	62,817,708
Total liabilities and shareholders’ equity	$ 57,647,031	$ 77,901,555

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2017	Dec. 31, 2016
Common Stock, No Par Value	$ 0	$ 0
Common Stock, Shares Authorized	500,000,000	500,000,000
Common Stock, Shares, Issued	162,392,996	162,186,972
Common Stock, Shares, Outstanding	162,392,996	162,186,972

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Operating Expenses
Consulting fees	$ 660,362	$ 263,334	$ 418,424
Depreciation	4,006	5,283	7,047
Insurance	281,948	267,863	259,753
Investor relations	83,630	90,749	132,305
Mineral property exploration	2,446,934	2,648,631	2,381,868
Office	35,297	38,381	33,643
Other	18,237	18,976	19,789
Professional fees	263,863	222,605	230,227
Regulatory	152,599	130,871	160,503
Rent	139,735	141,444	153,178
Travel	94,873	89,160	93,829
Wages and benefits	1,935,980	2,196,591	2,559,610
Total operating expenses	(6,117,464)	(6,113,888)	(6,450,176)
Other income (expense)
Gain/(loss) on foreign exchange	(364,188)	(340,551)	990,690
Interest income	27,395	17,490	43,670
Impairment of available-for-sale securities	0	0	(219,402)
Unrealized gain/(loss) on derivative	0	(794,169)	800,000
Other	22,200	40,490	22,394
Total other income (expense)	(314,593)	(1,076,740)	1,637,352
Net loss for the year	(6,432,057)	(7,190,628)	(4,812,824)
Other comprehensive income (loss)
Unrealized gain/(loss) on marketable securities	(8,517)	(10,794)	(5,838)
Impairment of available-for-sale securities	0	0	219,402
Exchange difference on translating foreign operations	350,657	538,578	(1,593,381)
Total other comprehensive income/(loss) for the year	342,140	527,784	(1,379,817)
Comprehensive loss for the year	$ (6,089,917)	$ (6,662,844)	$ (6,192,641)
Basic and diluted net loss per share	$ (0.04)	$ (0.06)	$ (0.04)
Weighted average number of shares outstanding	162,283,493	116,708,228	116,313,638

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Obligation to Issue Shares [Member]	Accumulated Other Comprehensive income (Loss) [Member]	Retained Earnings [Member]
Balance at Dec. 31, 2014	$ 53,155,530	$ 243,692,185	$ 33,439,249	$ 0	$ 2,196,252	$ (226,172,156)
Balance (in shares) at Dec. 31, 2014		116,313,638
Stock based compensation-options	540,468	$ 0	540,468	0	0	0
Unrealized loss on available-for-sale securities	(5,838)	0	0	0	(5,838)	0
Impairment of available-for-sale securities	219,402	0	0	0	219,402	0
Exchange difference on translating foreign operations	(1,593,381)	0	0	0	(1,593,381)	0
Net loss	(4,812,824)	0	0	0	0	(4,812,824)
Balance at Dec. 31, 2015	47,503,357	$ 243,692,185	33,979,717	0	816,435	(230,984,980)
Balance (in shares) at Dec. 31, 2015		116,313,638
Private placement	22,000,000	$ 22,000,000	0	0	0	0
Private placement (in shares)		45,833,334
Share issuance costs	(146,735)	$ (146,735)	0	0	0	0
Stock based compensation-options	108,526	0	108,526	0	0	0
Unrealized loss on available-for-sale securities	(10,794)	0	0	0	(10,794)	0
Impairment of available-for-sale securities	0
Exchange difference on translating foreign operations	538,578	0	0	0	538,578	0
Exercise of options	15,404	$ 15,404	0	0	0	0
Exercise of options (in shares)		40,000
Reallocation from contributed surplus	0	$ 8,942	(8,942)	0	0	0
Net loss	(7,190,628)	0	0	0	0	(7,190,628)
Balance at Dec. 31, 2016	62,817,708	$ 265,569,796	34,079,301	0	1,344,219	(238,175,608)
Balance (in shares) at Dec. 31, 2016		162,186,972
Share issuance costs	(52,646)	$ (52,646)	0	0	0	0
Stock based compensation-options	61,998	0	61,998	0	0	0
Stock based compensation-DSUs	381,558	0	381,558	0	0	0
Unrealized loss on available-for-sale securities	(8,517)	0	0	0	(8,517)	0
Impairment of available-for-sale securities	0
Exchange difference on translating foreign operations	350,657	0	0	0	350,657	0
Obligation to issue shares	0	0	(63,593)	63,593	0	0
Share issuance	99,492	$ 99,492	0	0	0	0
Share issuance (in shares)		206,024
Net loss	(6,432,057)	$ 0	0	0	0	(6,432,057)
Balance at Dec. 31, 2017	$ 57,218,193	$ 265,616,642	$ 34,459,264	$ 63,593	$ 1,686,359	$ (244,607,665)
Balance (in shares) at Dec. 31, 2017		162,392,996

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Operating Activities
Loss for the year	$ (6,432,057)	$ (7,190,628)	$ (4,812,824)
Add items not affecting cash:
Depreciation	4,006	5,283	7,047
Share-based payments-option	61,998	108,526	540,468
Share-based payments-DSU	381,558	0	0
Unrealized (gain)/loss on derivative liability	0	794,169	(800,000)
Impairment of available-for-sale securities	0	0	219,402
Issuance of shares for services	99,492	0	0
Changes in non-cash items:
Accounts receivable	4,129	40,522	115,527
Prepaid expenses	25,166	4,635	(27,786)
Advance to contractors	0	0	30,682
Accounts payable and accrued liabilities	30,339	(127,452)	(612,304)
Cash used in operating activities	(5,825,369)	(6,364,945)	(5,339,788)
Financing Activities
Issuance of share capital	0	22,015,404	0
Settlement	(14,694,169)	0	0
Share issuance costs	(52,646)	(146,735)	0
Cash provided by (used in) financing activities	(14,746,815)	21,868,669	0
Effect of foreign exchange on cash and cash equivalents	350,157	469,283	(1,688,199)
Increase/(decrease) in cash and cash equivalents	(20,222,027)	15,973,007	(7,027,987)
Cash and cash equivalents, beginning of year	22,466,493	6,493,486	13,521,473
Cash and cash equivalents, end of year	2,244,466	22,466,493	6,493,486
Supplemental disclosure with respect to cash flows:
Obligation to issue shares	$ 63,593	$ 0	$ 0

GENERAL INFORMATION, NATURE OF

GENERAL INFORMATION, NATURE OF OPERATIONS	12 Months Ended
	Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations [Text Block]	GENERAL INFORMATION, NATURE 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, 2017, the Company was in the exploration stage and controls a 100 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 Company will require significant additional financing to continue its operations in connection with advancing activities at the Livengood Gold Project and for the development of any mine that may be determined to be built at the Livengood Gold Project. There is no assurance that the Company will be able to obtain the additional financing required on acceptable terms, if at all. On January 12, 2017, the Company paid $ 14,694,169 In addition, any significant delays in the issuance of required permits for the ongoing work at the Livengood Gold Project, or unexpected results in connection with the ongoing work, could result in the Company being required to raise additional funds to advance permitting efforts. The Company’s review of its financing options includes pursuing a future strategic alliance to assist in further development, permitting and future construction costs. Despite the Company’s success to date in raising significant equity financing to fund its operations, there is significant uncertainty that the Company will be able to secure any additional financing in the current or future equity markets. The amount of funds to be raised and the terms of any proposed equity financing that may be undertaken will be negotiated by management as opportunities to raise funds arise. Specific plans related to the use of proceeds will be devised once financing has been completed and management knows what funds will be available for these purposes. Due to this uncertainty, if the Company is unable to secure additional financing, it may be required to reduce all discretionary activities at the Project to preserve its working capital to fund anticipated non-discretionary expenditures beyond the 2017 fiscal year. As at March 15, 2018 management believes that the Company has sufficient financial resources to maintain its operations for the next twelve months.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Basis of Presentation and Significant Accounting Policies [Text Block]	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 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”). On March 15, 2018, the Board approved the consolidated financial statements dated December 31, 2017. 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. 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 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 impairment, and provisions, if any, for environmental rehabilitation and restoration. Cash equivalents include highly liquid investments with original maturities of twelve 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 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. 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. 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 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. 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, 2017. 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 profit and loss. Fluctuations in the Company’s derivative liability were driven by the price of gold during the term of the liability. Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future net cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount and the fair value less costs to sell. 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. 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. For the year ended December 31, 2017, this calculation proved to be anti-dilutive, and therefore the Company’s 4,477,000 648,435 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. Equity-settled share based payment arrangements are initially measured at fair value at the date of grant and recorded within shareholders’ equity. Arrangements considered to be cash-settled, are initially recorded at fair value and classified as accrued liabilities and subsequently re-measured at fair value at each reporting date. The Company’s stock option plan is an equity-settled arrangement and the Company’s deferred share unit plan can be an equity or cash settled arrangement depending on the grant date term. The fair value at grant date of all share-based payments is recognized as compensation expense over the period for which benefits of services are expected to be derived, with a corresponding credit to shareholders’ equity or accrued liabilities depending on whether they are equity-settled or cash-settled. The Company estimates the fair value of stock options granted using the Black-Scholes option pricing model and estimate the expected forfeiture rate at the date of grant. The value of DSUs is estimated based on the quoted market price of the Company’s common shares. When awards are forfeited because non-market based vesting conditions are not satisfied, the expense previously recognized is proportionately reversed. The Company’s consolidated financial statements are presented in U.S. dollars, which is the Company’s reporting currency. The functional currency of ITH and 813034 Alberta Ltd. is the Canadian (“CAD” or “C”) dollar and the functional currency of ITH Alaska, TH US and LPI is the U.S. dollar. In accordance with ASC 830, Foreign Currency Matters, the Company translates the assets and liabilities into U.S. dollars using the rate of exchange prevailing at the balance sheet date and the statements of operations and comprehensive loss and cash flows are translated at an average rate during the reporting period. Adjustments resulting from the translation from CAD into U.S. dollars are recorded in shareholders' equity as part of accumulated other comprehensive income. Foreign currency transactions are translated into the functional currency of the respective currency of the entity or division, using the exchange rates prevailing at the dates of the transactions (spot exchange rate). Foreign exchange gains and losses resulting from the settlement of such transactions and from the re-measurement of monetary items denominated in foreign currency at period-end exchange rates are recognized in profit or loss. Non-monetary items that are not re-translated at period end are measured at historical cost (translated using the exchange rates at the transaction date), except for non-monetary items measured at fair value, which are translated using the exchange rates as at the date when fair value was determined. Gains and losses are recorded in the statement of operations and comprehensive loss. Accounting Standards Update 2016-09—Compensation—Stock compensation (Topic 718): Improvements to employee share-based payment accounting. On March 30, 2016, the Financial Accounting Standards Board (“FASB”) issued guidance intended to improve the accounting for employee stock-based payments. The standard affects all organizations that issue stock-based payment awards to their employees and was part of the FASB’s Simplification Initiative. The objective of the Simplification Initiative is to identify, evaluate, and improve areas of U.S. GAAP for which cost and complexity can be reduced while maintaining or improving the usefulness of the information provided to users of financial statements. The areas for simplification in this standard involve several aspects of the accounting for stock-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. For public business entities, the amendments in this standard are effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods. The adoption of the guidance did not have any impact to the Company’s financial statements. Recently Issued Accounting Standards Updates Accounting Standards Update 2016-16—Income Taxes, Intra-Entity Transfers of Assets Other Than Inventory (Topic 740). In October 2016, the FASB issued guidance intended to improve the accounting for the income tax consequences of intra-entity transfers of assets other than inventory by requiring an entity to recognize the income tax consequences when a transfer occurs, instead of when an asset is sold to an outside party. The amendments in this guidance should be applied on a modified retrospective basis through a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption. The Company is required to adopt this new standard on January 1, 2018, for its fiscal year 2018 and for interim periods within that fiscal year. Early adoption is permitted as of the beginning of an annual reporting period for which interim or annual financial statements have not been issued. The adoption of guidance will have no impact on the Company’s financial statements. Accounting Standards Update No. 2014-09—Revenue from Contracts with Customers (Topic 606). On May 28, 2014, the FASB issued guidance that requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. This ASU was further amended in August 2015, March 2016, April 2016, May 2016 and December 2016 by ASU No. 2015-014, No. 2016-08, No. 2016-10, No. 2016-12 and No. 2016-20, respectively. The guidance provides a five-step approach to be applied to all contracts with customers and also requires expanded disclosures about revenue recognition. The Company will adopt the new guidance effective January 1, 2018. The guidance may be applied retrospectively for all periods presented or retrospectively with the cumulative effect of initially applying the guidance recognized at the date of initial application. The adoption of the guidance will have no impact on the Company’s financial statements. Accounting Standards Update No. 2016-02 Leases (Topic 842). In February 2016, the FASB issued a new standard regarding leases. These are elements of the new standard that could impact almost all entities to some extent, although lessees will likely see the most significant changes. Lessees will need to recognize virtually all of their leases on the balance sheet, by recording a right-of-use asset and a lease liability. Public business entities are required to adopt the new leasing standard for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. For calendar year-end public companies, this means an adoption date of January 1, 2019. Early adoption is permitted. The Company is currently in the process of evaluating the impact on its consolidated financial statements and disclosures.

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2017
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	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, 2017 Level 1 Level 2 Financial assets: Marketable securities $ 15,543 $ - $ 15,543 $ - Financial liabilities: Derivative liability (Note 6) $ - $ - $ - $ - Fair value as at December 31, 2016 Level 1 Level 2 Financial assets: Marketable securities $ 22,754 $ - $ 22,754 $ - Financial liabilities: Derivative liability (Note 6) $ - $ 14,694,169 $ - $ 14,694,169

CAPITALIZED ACQUISITION COSTS

CAPITALIZED ACQUISITION COSTS	12 Months Ended
	Dec. 31, 2017
Mineral Industries Disclosures [Abstract]
Mineral Industries Disclosures [Text Block]	CAPITALIZED ACQUISITION COSTS Capitalized acquisition costs Amount Balance, December 31, 2015 $ 55,204,041 Additions - Balance, December 31, 2016 $ 55,204,041 Additions - Balance, December 31, 2017 $ 55,204,041 Year ended Year ended Year ended Exploration costs: Aircraft services $ 6,220 $ 6,511 $ 4,185 Assay 435,879 - 9,984 Environmental 240,882 287,629 639,172 Equipment rental 48,262 42,755 44,514 Field costs 112,086 107,166 186,661 Geological/geophysical 1,030,543 1,665,296 945,390 Land maintenance & tenure 500,929 498,635 501,321 Legal 59,483 31,745 21,887 Transportation and travel 12,650 8,894 28,754 Total expenditures for the year $ 2,446,934 $ 2,648,631 $ 2,381,868 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 5,997,295 19.99 11,479,348 10 As further consideration for the transfer of the Sale Properties, the Company granted to AngloGold a 90 10 On December 11, 2014 the Company closed a private placement financing 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 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 19 125 19 2.5 5.0 0.5 1.0 2,632,388 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 2 3 1 1,000,000 680,000 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 25,000 3 1,000,000 500,000 500,000 3 185,000 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 $ 15,000 250,000 125,000 120 125,000 2 1,000,000 128,000 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, 2017
Payables and Accruals [Abstract]
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	ACCRUED LIABILITIES December 31, December 31, Accrued liabilities $ 201,673 $ 41,682 Accrued salaries and benefits 144,896 168,500 Total accrued liabilities $ 346,569 $ 210,182 Accrued liabilities at December 31, 2017 include accruals for general corporate costs and project costs of $ 34,941 166,732 13,406 28,276

DERIVATIVE LIABILITY

DERIVATIVE LIABILITY	12 Months Ended
	Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives and Fair Value [Text Block]	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 23,148 720 720 At initial recognition on December 13, 2011 the derivative liability was valued at $ 23,100,000 14,694,169 45,833,334 0.48 22,000,000 14,694,169 Fair value Average Gold Derivative value at December 31, 2014 $ 14,700,000 $ 1,356 Unrealized gain for the year (800,000) Derivative value at December 31, 2015 13,900,000 $ 1,320 Unrealized loss for the year 794,169 Derivative value at December 31, 2016 $ 14,694,169 $ 1,355 Settlement (14,694,169) Derivative value at December 31, 2017 $ - $ -

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	7. INCOME TAXES December 31, December 31, Loss before income taxes $ (6,432,057) $ (7,190,628) Statutory Canadian corporate tax rate 26.00 % 25.00 % Expected income tax (recovery) $ (1,672,335) $ (1,797,657) Share-based payments 115,324 27,132 Difference in tax rates in other jurisdictions (805,662) (1,073,449) Effect of change in tax rate 26,455,632 - Derecognition of derivative liability (1,824,065) - Share issue cost (14,540) 173,684 Adjustment to prior years provision versus statutory tax returns (1,509,364) - Expiry of donations 64,554 - Expiry of losses 20,280 - Change in unrecognized deductible temporary differences (20,829,824) 2,670,290 Total income tax expense (recovery) $ - $ - December 31, December 31, Deferred income tax assets (liabilities): Mineral properties $ 23,391,666 $ 57,243,323 Derivative liability - (1,824,065) Donations - 92,160 Property and equipment 6,448 9,828 Share issue costs 36,483 31,830 Marketable securities 54,073 45,754 Losses available for future periods 47,278,286 35,997,950 70,766,956 91,596,780 Valuation allowance (70,766,956) (91,596,780) Net deferred tax asset $ - $ - 20,576,000 137,245,000 Canada United States 2037 $ 1,394,000 $ 8,892,000 2036 1,383,000 8,798,000 2035 406,000 10,703,000 2034 1,694,000 12,587,000 2033 1,827,000 14,208,000 2032 2,629,000 16,798,000 2031 4,180,000 40,825,000 2030 2,829,000 18,765,000 2029 2,074,000 2,973,000 2028 1,253,000 1,412,000 2027 907,000 1,284,000 20,576,000 137,245,000 The Company also has available mineral resource expenses that are related to the Company’s exploration activities in the United States of approximately $ 132,150,000

SHARE CAPITAL

SHARE CAPITAL	12 Months Ended
	Dec. 31, 2017
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	8. SHARE CAPITAL Authorized 500,000,000 162,186,972 162,392,996 Share issuances In May 2017, the Company recognized an obligation to issue 206,024 99,492 45,000 7,646 Stock options The Company adopted an incentive stock option plan in 2006, as amended September 19, 2012 and re-approved on May 28, 2015 at the Company’s Annual General Meeting (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 During the year ended December 31, 2017, the Company granted incentive stock options to Mr. Karl Hanneman in connection with his appointment as the new CEO of the Company. Mr. Hanneman is entitled to purchase a total of 250,000 1.35 Year Ended Year Ended December 31, 2017 December 31, 2016 Number of Weighted Aggregate Number of Weighted Aggregate Balance, beginning of the year 6,026,200 $ 1.61 6,066,200 $ 1.60 Granted 250,000 $ 1.35 - - Exercised - - (40,000) $ 0.50 Expired (1,650,000) $ 3.17 - - Cancelled (149,200) $ 1.24 - - Balance, end of the year 4,477,000 $ 1.03 $ 38,220 6,026,200 $ 1.61 $ 183,930 4.5 December 31, 2017 December 31, 2016 Expiry Date Exercise Number of Exercisable Exercise Number of Exercisable August 24, 2017 $ - - - $ 3.17 1,675,000 1,675,000 March 14, 2018* $ 2.18 300,000 300,000 $ 2.18 319,000 319,000 February 25, 2022 $ 1.11 1,030,000 1,030,000 $ 1.11 1,030,000 1,030,000 February 25, 2022 $ 0.73 540,000 540,000 $ 0.73 594,000 594,000 March 10, 2022 $ 1.11 430,000 430,000 $ 1.11 430,000 430,000 March 16, 2023 $ 1.00 1,260,000 1,260,000 $ 1.00 1,260,000 839,999 March 16, 2023 $ 0.50 637,000 637,000 $ 0.50 688,200 445,466 June 9, 2023 $ 1.00 30,000 30,000 $ 1.00 30,000 20,000 February 1, 2025 $ 1.35 250,000 83,333 $ - - - 4,477,000 4,310,333 6,026,200 5,353,465 * Expired subsequently A summary of the non-vested options as of December 31, 2017 and 2016 and changes during the fiscal years ended December 31, 2017 and 2016 is as follows: Non-vested options: Number of options Weighted average Outstanding at December 31, 2015 2,030,136 $ 0.34 Granted - - Vested (1,357,401) $ 0.38 Outstanding at December 31, 2016 672,735 $ 0.25 Granted 250,000 $ 0.40 Vested (756,068) $ 0.27 Outstanding at December 31, 2017 166,667 $ 0.40 At December 31, 2017 there was unrecognized compensation expense of CAD 38,983 0.82 Deferred Share Unit Incentive Plan On April 4, 2017, the Company adopted a Deferred Share Unit Plan (the “DSU Plan”). On May 24, 2017, at the Company’s Annual General Meeting of Shareholders, the DSU Plan was approved. The purpose of the DSU Plan is to allow the Company to grant deferred share units (“DSUs”), each of which is a unit that is equivalent in value to a Common Share, to directors, officers and employees of the Company or a subsidiary of the Company (“Eligible Persons”) in recognition of their contributions and to provide for an incentive for their continuing relationship with the Company. The granting of such DSUs is intended to promote a greater alignment of the interests of Eligible Persons with the interests of shareholders. As at December 31, 2017, the maximum aggregate number of Common Shares that could be issued under the DSU Plan and the 2006 Plan was 16,239,299 10 4,477,000 2.76 11,762,299 7.24 In accordance with the Company’s DSU Plan, on October 23, 2017 the Company granted each of the members of the Board of Directors (other than those directors nominated for election by Paulson & Co., Inc.) 129,687 0.62 482,436 Year Ended Year Ended December 31, 2017 December 31, 2016 Number of Weighted Number of Weighted Balance, beginning of the year - $ - - $ - Issued 778,122 $ 0.62 - $ - Exercised (129,687) $ 0.62 - $ - Balance, end of the year 648,435 $ 0.62 - $ - Obligation to issue shares Following the resignation of director Mark Hamilton on November 6, 2017, the Company recorded an obligation to issue 129,687 63,593 80,406 Share-based payments During the year ended December 31, 2017, the Company granted 250,000 778,122 443,556 61,998 381,558 384,516 58,192 848 During the years ended December 31, 2016 and December 31, 2015, there were no incentive stock options or DSUs granted by the Company. Share-based payment charges totaled $ 108,526 540,468 25,013 113,150 76,910 400,095 6,603 27,223 Year ended Expected life of options 6 years Risk-free interest rate 1.75 % Expected volatility 93.02 % Dividend rate 0.00 % Exercise price (C$) $ 1.35 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 INFORMAT

SEGMENT AND GEOGRAPHIC INFORMATION	12 Months Ended
	Dec. 31, 2017
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	SEGMENT AND GEOGRAPHIC INFORMATION The Company operates in a single reportable operating segment, being the exploration and development of mineral properties. Canada United States Total December 31, 2017 Capitalized acquisition costs $ - $ 55,204,041 $ 55,204,041 Property and equipment 8,501 12,293 20,794 Current assets 1,794,494 627,702 2,422,196 Total assets $ 1,802,995 $ 55,844,036 $ 57,647,031 December 31, 2016 Capitalized acquisition costs $ - $ 55,204,041 $ 55,204,041 Property and equipment 8,944 15,856 24,800 Current assets 22,289,678 383,036 22,672,714 Total assets $ 22,298,622 $ 55,602,933 $ 77,901,555 Year ended Year ended Year ended Net loss for the year - Canada $ (1,801,817) $ (1,356,670) $ (702,851) Net loss for the year - United States (4,630,240) (5,833,958) (4,109,973) Net loss for the year $ (6,432,057) $ (7,190,628) $ (4,812,824)

COMMITMENTS

COMMITMENTS	12 Months Ended
	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments Disclosure [Text Block]	COMMITMENTS The following table discloses, as of December 31, 2017, the Company’s contractual obligations including anticipated mineral property payments and work commitments. 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. Payments Due by Year 2018 2019 2020 2021 2022 2023 and Total Mineral Property Leases (1) $ 424,668 $ 429,688 $ 434,783 $ 439,955 $ 445,204 $ 450,532 $ 2,624,830 Mining Claim Government Fees 114,825 114,825 114,825 114,825 114,825 114,825 688,950 Total $ 539,493 $ 544,513 $ 549,608 $ 554,780 $ 560,029 $ 565,357 $ 3,313,780 1. 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

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2017
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	11. RELATED PARTY TRANSACTIONS In December 2011, in accordance with a Stock and Asset Purchase Agreement (the “Agreement”) between the Company, Alaska/Nevada Gold Mines, Ltd. (“AN Gold Mines”) and the Heflinger Group, the Company acquired certain mining claims and related rights in the vicinity of the Livengood Gold Project located near Fairbanks, Alaska. The Company’s derivative liability, as described in Note 6 above, represented the remaining consideration for the purchase of these claims and related rights and was paid in January 2017. Under the Agreement, the payment was made 70 30 Mr. Hanneman was appointed Chief Operating Officer of the Company on March 26, 2015 and subsequently appointed Chief Executive Officer of the Company effective January 31, 2017. Mr. Hanneman was a partner of the general partner, as well as a limited partner, of AN Gold Mines and held an 11.9 In December 2016, the Company closed a non-brokered private placement financing through the issuance of 32,429,842 9,041,554 4,361,938 0.48 34.2 19.4 9.5 162,392,996 On May 24, 2017, the shareholders approved the proposed issuance of Common Shares to Thomas Irwin as a one-time payment associated with his transition from CEO to senior advisor. Subsequent to shareholder approval of the one-time payment on May 24, 2017, the Company recognized an obligation to issue 206,024 99,492 1.3460 0.650 206,024

SUBSEQUENT EVENT

SUBSEQUENT EVENT	12 Months Ended
	Dec. 31, 2017
Subsequent Events [Abstract]
Subsequent Events [Text Block]	SUBSEQUENT EVENT On March 13, 2018, the Company completed a non-brokered private placement pursuant to which it issued 24,000,000 0.50 12.0

SUMMARY OF SIGNIFICANT ACCOUN19

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
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”). On March 15, 2018, the Board approved the consolidated financial statements dated December 31, 2017.
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 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 impairment, 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 twelve 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%.
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. 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, 2017.
Derivatives	Derivatives 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 profit and loss. Fluctuations in the Company’s derivative liability were driven by the price of gold during the term of the liability.
Impairment of long-lived assets and long-lived assets to be disposed of	Impairment of long-lived assets and long-lived assets to be disposed of Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future net cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount and the fair value less costs to sell.
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. For the year ended December 31, 2017, this calculation proved to be anti-dilutive, and therefore the Company’s 4,477,000 648,435
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. Equity-settled share based payment arrangements are initially measured at fair value at the date of grant and recorded within shareholders’ equity. Arrangements considered to be cash-settled, are initially recorded at fair value and classified as accrued liabilities and subsequently re-measured at fair value at each reporting date. The Company’s stock option plan is an equity-settled arrangement and the Company’s deferred share unit plan can be an equity or cash settled arrangement depending on the grant date term. The fair value at grant date of all share-based payments is recognized as compensation expense over the period for which benefits of services are expected to be derived, with a corresponding credit to shareholders’ equity or accrued liabilities depending on whether they are equity-settled or cash-settled. The Company estimates the fair value of stock options granted using the Black-Scholes option pricing model and estimate the expected forfeiture rate at the date of grant. The value of DSUs is estimated based on the quoted market price of the Company’s common shares. When awards are forfeited because non-market based vesting conditions are not satisfied, the expense previously recognized is proportionately reversed.
Function Currency	Function Currency The Company’s consolidated financial statements are presented in U.S. dollars, which is the Company’s reporting currency. The functional currency of ITH and 813034 Alberta Ltd. is the Canadian (“CAD” or “C”) dollar and the functional currency of ITH Alaska, TH US and LPI is the U.S. dollar. In accordance with ASC 830, Foreign Currency Matters, the Company translates the assets and liabilities into U.S. dollars using the rate of exchange prevailing at the balance sheet date and the statements of operations and comprehensive loss and cash flows are translated at an average rate during the reporting period. Adjustments resulting from the translation from CAD into U.S. dollars are recorded in shareholders' equity as part of accumulated other comprehensive income. Foreign currency transactions are translated into the functional currency of the respective currency of the entity or division, using the exchange rates prevailing at the dates of the transactions (spot exchange rate). Foreign exchange gains and losses resulting from the settlement of such transactions and from the re-measurement of monetary items denominated in foreign currency at period-end exchange rates are recognized in profit or loss. Non-monetary items that are not re-translated at period end are measured at historical cost (translated using the exchange rates at the transaction date), except for non-monetary items measured at fair value, which are translated using the exchange rates as at the date when fair value was determined. Gains and losses are recorded in the statement of operations and comprehensive loss.
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements Accounting Standards Update 2016-09—Compensation—Stock compensation (Topic 718): Improvements to employee share-based payment accounting. On March 30, 2016, the Financial Accounting Standards Board (“FASB”) issued guidance intended to improve the accounting for employee stock-based payments. The standard affects all organizations that issue stock-based payment awards to their employees and was part of the FASB’s Simplification Initiative. The objective of the Simplification Initiative is to identify, evaluate, and improve areas of U.S. GAAP for which cost and complexity can be reduced while maintaining or improving the usefulness of the information provided to users of financial statements. The areas for simplification in this standard involve several aspects of the accounting for stock-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. For public business entities, the amendments in this standard are effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods. The adoption of the guidance did not have any impact to the Company’s financial statements. Recently Issued Accounting Standards Updates Accounting Standards Update 2016-16—Income Taxes, Intra-Entity Transfers of Assets Other Than Inventory (Topic 740). In October 2016, the FASB issued guidance intended to improve the accounting for the income tax consequences of intra-entity transfers of assets other than inventory by requiring an entity to recognize the income tax consequences when a transfer occurs, instead of when an asset is sold to an outside party. The amendments in this guidance should be applied on a modified retrospective basis through a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption. The Company is required to adopt this new standard on January 1, 2018, for its fiscal year 2018 and for interim periods within that fiscal year. Early adoption is permitted as of the beginning of an annual reporting period for which interim or annual financial statements have not been issued. The adoption of guidance will have no impact on the Company’s financial statements. Accounting Standards Update No. 2014-09—Revenue from Contracts with Customers (Topic 606). On May 28, 2014, the FASB issued guidance that requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. This ASU was further amended in August 2015, March 2016, April 2016, May 2016 and December 2016 by ASU No. 2015-014, No. 2016-08, No. 2016-10, No. 2016-12 and No. 2016-20, respectively. The guidance provides a five-step approach to be applied to all contracts with customers and also requires expanded disclosures about revenue recognition. The Company will adopt the new guidance effective January 1, 2018. The guidance may be applied retrospectively for all periods presented or retrospectively with the cumulative effect of initially applying the guidance recognized at the date of initial application. The adoption of the guidance will have no impact on the Company’s financial statements. Accounting Standards Update No. 2016-02 Leases (Topic 842). In February 2016, the FASB issued a new standard regarding leases. These are elements of the new standard that could impact almost all entities to some extent, although lessees will likely see the most significant changes. Lessees will need to recognize virtually all of their leases on the balance sheet, by recording a right-of-use asset and a lease liability. Public business entities are required to adopt the new leasing standard for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. For calendar year-end public companies, this means an adoption date of January 1, 2019. Early adoption is permitted. The Company is currently in the process of evaluating the impact on its consolidated financial statements and disclosures.

FAIR VALUE OF FINANCIAL INSTR20

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2017
Fair Value Disclosures [Abstract]
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]	Fair value as at December 31, 2017 Level 1 Level 2 Financial assets: Marketable securities $ 15,543 $ - $ 15,543 $ - Financial liabilities: Derivative liability (Note 6) $ - $ - $ - $ - Fair value as at December 31, 2016 Level 1 Level 2 Financial assets: Marketable securities $ 22,754 $ - $ 22,754 $ - Financial liabilities: Derivative liability (Note 6) $ - $ 14,694,169 $ - $ 14,694,169

CAPITALIZED ACQUISITION COSTS (

CAPITALIZED ACQUISITION COSTS (Tables)	12 Months Ended
	Dec. 31, 2017
Mineral Industries Disclosures [Abstract]
Capitalized Acquisition Costs Mineral Properties [Table Text Block]	The Company had the following activity related to capitalized acquisition costs: Capitalized acquisition costs Amount Balance, December 31, 2015 $ 55,204,041 Additions - Balance, December 31, 2016 $ 55,204,041 Additions - Balance, December 31, 2017 $ 55,204,041
Cost Incurred in Oil and Gas Property Acquisition, Exploration, and Development Activities Disclosure [Table Text Block]	The following table presents costs incurred for exploration and evaluation activities for the years ended December 31, 2017 and 2016: Year ended Year ended Year ended Exploration costs: Aircraft services $ 6,220 $ 6,511 $ 4,185 Assay 435,879 - 9,984 Environmental 240,882 287,629 639,172 Equipment rental 48,262 42,755 44,514 Field costs 112,086 107,166 186,661 Geological/geophysical 1,030,543 1,665,296 945,390 Land maintenance & tenure 500,929 498,635 501,321 Legal 59,483 31,745 21,887 Transportation and travel 12,650 8,894 28,754 Total expenditures for the year $ 2,446,934 $ 2,648,631 $ 2,381,868

ACCRUED LIABILITIES (Tables)

ACCRUED LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2017
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities [Table Text Block]	The following table presents the accrued liabilities balances at December 31, 2017 and 2016. December 31, December 31, Accrued liabilities $ 201,673 $ 41,682 Accrued salaries and benefits 144,896 168,500 Total accrued liabilities $ 346,569 $ 210,182

DERIVATIVE LIABILITY (Tables)

DERIVATIVE LIABILITY (Tables)	12 Months Ended
	Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Liabilities at Fair Value [Table Text Block]	The fair value of the derivative liability and the calculated Average Gold Price are as follows: Fair value Average Gold Derivative value at December 31, 2014 $ 14,700,000 $ 1,356 Unrealized gain for the year (800,000) Derivative value at December 31, 2015 13,900,000 $ 1,320 Unrealized loss for the year 794,169 Derivative value at December 31, 2016 $ 14,694,169 $ 1,355 Settlement (14,694,169) Derivative value at December 31, 2017 $ - $ -

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	December 31, December 31, Loss before income taxes $ (6,432,057) $ (7,190,628) Statutory Canadian corporate tax rate 26.00 % 25.00 % Expected income tax (recovery) $ (1,672,335) $ (1,797,657) Share-based payments 115,324 27,132 Difference in tax rates in other jurisdictions (805,662) (1,073,449) Effect of change in tax rate 26,455,632 - Derecognition of derivative liability (1,824,065) - Share issue cost (14,540) 173,684 Adjustment to prior years provision versus statutory tax returns (1,509,364) - Expiry of donations 64,554 - Expiry of losses 20,280 - Change in unrecognized deductible temporary differences (20,829,824) 2,670,290 Total income tax expense (recovery) $ - $ -
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	December 31, December 31, Deferred income tax assets (liabilities): Mineral properties $ 23,391,666 $ 57,243,323 Derivative liability - (1,824,065) Donations - 92,160 Property and equipment 6,448 9,828 Share issue costs 36,483 31,830 Marketable securities 54,073 45,754 Losses available for future periods 47,278,286 35,997,950 70,766,956 91,596,780 Valuation allowance (70,766,956) (91,596,780) Net deferred tax asset $ - $ -
Summary of Operating Loss Carryforwards [Table Text Block]	20,576,000 137,245,000 Canada United States 2037 $ 1,394,000 $ 8,892,000 2036 1,383,000 8,798,000 2035 406,000 10,703,000 2034 1,694,000 12,587,000 2033 1,827,000 14,208,000 2032 2,629,000 16,798,000 2031 4,180,000 40,825,000 2030 2,829,000 18,765,000 2029 2,074,000 2,973,000 2028 1,253,000 1,412,000 2027 907,000 1,284,000 20,576,000 137,245,000

SHARE CAPITAL (Tables)

SHARE CAPITAL (Tables)	12 Months Ended
	Dec. 31, 2017
Stockholders' Equity Note [Abstract]
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	A summary of the status of the stock option plan as of December 31, 2017 and 2016 and changes during the fiscal years is presented below: Year Ended Year Ended December 31, 2017 December 31, 2016 Number of Weighted Aggregate Number of Weighted Aggregate Balance, beginning of the year 6,026,200 $ 1.61 6,066,200 $ 1.60 Granted 250,000 $ 1.35 - - Exercised - - (40,000) $ 0.50 Expired (1,650,000) $ 3.17 - - Cancelled (149,200) $ 1.24 - - Balance, end of the year 4,477,000 $ 1.03 $ 38,220 6,026,200 $ 1.61 $ 183,930
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]	Stock options outstanding are as follows: December 31, 2017 December 31, 2016 Expiry Date Exercise Number of Exercisable Exercise Number of Exercisable August 24, 2017 $ - - - $ 3.17 1,675,000 1,675,000 March 14, 2018* $ 2.18 300,000 300,000 $ 2.18 319,000 319,000 February 25, 2022 $ 1.11 1,030,000 1,030,000 $ 1.11 1,030,000 1,030,000 February 25, 2022 $ 0.73 540,000 540,000 $ 0.73 594,000 594,000 March 10, 2022 $ 1.11 430,000 430,000 $ 1.11 430,000 430,000 March 16, 2023 $ 1.00 1,260,000 1,260,000 $ 1.00 1,260,000 839,999 March 16, 2023 $ 0.50 637,000 637,000 $ 0.50 688,200 445,466 June 9, 2023 $ 1.00 30,000 30,000 $ 1.00 30,000 20,000 February 1, 2025 $ 1.35 250,000 83,333 $ - - - 4,477,000 4,310,333 6,026,200 5,353,465 * Expired subsequently
Schedule of Nonvested Share Activity [Table Text Block]	Non-vested options: Number of options Weighted average Outstanding at December 31, 2015 2,030,136 $ 0.34 Granted - - Vested (1,357,401) $ 0.38 Outstanding at December 31, 2016 672,735 $ 0.25 Granted 250,000 $ 0.40 Vested (756,068) $ 0.27 Outstanding at December 31, 2017 166,667 $ 0.40
Schedule of Other Share-based Compensation, Activity [Table Text Block]	DSUs outstanding are as follows: Year Ended Year Ended December 31, 2017 December 31, 2016 Number of Weighted Number of Weighted Balance, beginning of the year - $ - - $ - Issued 778,122 $ 0.62 - $ - Exercised (129,687) $ 0.62 - $ - Balance, end of the year 648,435 $ 0.62 - $ -
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	The following weighted average assumptions were used for the Black-Scholes option pricing model calculations: Year ended Expected life of options 6 years Risk-free interest rate 1.75 % Expected volatility 93.02 % Dividend rate 0.00 % Exercise price (C$) $ 1.35

SEGMENT AND GEOGRAPHIC INFORM26

SEGMENT AND GEOGRAPHIC INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2017
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Canada United States Total December 31, 2017 Capitalized acquisition costs $ - $ 55,204,041 $ 55,204,041 Property and equipment 8,501 12,293 20,794 Current assets 1,794,494 627,702 2,422,196 Total assets $ 1,802,995 $ 55,844,036 $ 57,647,031 December 31, 2016 Capitalized acquisition costs $ - $ 55,204,041 $ 55,204,041 Property and equipment 8,944 15,856 24,800 Current assets 22,289,678 383,036 22,672,714 Total assets $ 22,298,622 $ 55,602,933 $ 77,901,555 Year ended Year ended Year ended Net loss for the year - Canada $ (1,801,817) $ (1,356,670) $ (702,851) Net loss for the year - United States (4,630,240) (5,833,958) (4,109,973) Net loss for the year $ (6,432,057) $ (7,190,628) $ (4,812,824)

COMMITMENTS (Tables)

COMMITMENTS (Tables)	12 Months Ended
	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Contractual Obligation, Fiscal Year Maturity Schedule [Table Text Block]	The following table assumes that the Company retains the rights to all of its current mineral properties, but does not exercise any lease purchase or royalty buyout options: Payments Due by Year 2018 2019 2020 2021 2022 2023 and Total Mineral Property Leases (1) $ 424,668 $ 429,688 $ 434,783 $ 439,955 $ 445,204 $ 450,532 $ 2,624,830 Mining Claim Government Fees 114,825 114,825 114,825 114,825 114,825 114,825 688,950 Total $ 539,493 $ 544,513 $ 549,608 $ 554,780 $ 560,029 $ 565,357 $ 3,313,780 1. 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

GENERAL INFORMATION, NATURE O28

GENERAL INFORMATION, NATURE OF OPERATIONS (Details Textual) - USD ($)	Jan. 12, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
General Information Nature And Continuance Of Operations [Line Items]
Payments for Derivative Instrument, Financing Activities		$ 14,694,169	$ 0	$ 0
Livengood Property Purchase Obligation [Member]
General Information Nature And Continuance Of Operations [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent		100.00%
Payments for Derivative Instrument, Financing Activities	$ 14,694,169

SUMMARY OF SIGNIFICANT ACCOUN29

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual)	12 Months Ended
	Dec. 31, 2017shares
Deferred Share Units [Member]
Property, Plant and Equipment [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	648,435
Stock Options [Member]
Property, Plant and Equipment [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	4,477,000
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Depreciation Methods	30% declining balance
Software and Software Development Costs [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Depreciation Methods	3 years straight line
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Depreciation Methods	20% declining balance
Leaseholds and Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Depreciation Methods	straight-line over the lease term

FAIR VALUE OF FINANCIAL INSTR30

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Fair Value, Inputs, Level 1 [Member]
Financial assets:
Marketable securities	$ 15,543	$ 22,754
Total	15,543	22,754
Financial liabilities:
Derivative liability (Note 6)	0	0
Total	0	0
Fair Value, Inputs, Level 2 [Member]
Financial assets:
Marketable securities	0	0
Total	0	0
Financial liabilities:
Derivative liability (Note 6)	0	14,694,169
Total	$ 0	$ 14,694,169

CAPITALIZED ACQUISITION COSTS31

CAPITALIZED ACQUISITION COSTS (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Costs Incurred, Oil and Gas Property Acquisition, Exploration, and Development Activities [Line Items]
Balance, at the beginning of the period	$ 55,204,041	$ 55,204,041
Additions	0	0
Balance, at the end of the period	$ 55,204,041	$ 55,204,041

CAPITALIZED ACQUISITION COSTS32

CAPITALIZED ACQUISITION COSTS (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Exploration costs:
Aircraft services	$ 6,220	$ 6,511	$ 4,185
Assay	435,879	0	9,984
Environmental	240,882	287,629	639,172
Equipment rental	48,262	42,755	44,514
Field costs	112,086	107,166	186,661
Geological/geophysical	1,030,543	1,665,296	945,390
Land maintenance & tenure	500,929	498,635	501,321
Legal	59,483	31,745	21,887
Transportation and travel	12,650	8,894	28,754
Total expenditures for the year	$ 2,446,934	$ 2,648,631	$ 2,381,868

CAPITALIZED ACQUISITION COSTS33

CAPITALIZED ACQUISITION COSTS (Details Textual)	Dec. 11, 2014	Aug. 04, 2006USD ($)	Jul. 26, 2007CAD ($)shares	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Costs Incurred, Oil and Gas Property Acquisition, Exploration, and Development Activities [Line Items]
Proceeds from Issuance of Common Stock				$ 0	$ 22,015,404	$ 0
AngloGold [Member]
Costs Incurred, Oil and Gas Property Acquisition, Exploration, and Development Activities [Line Items]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | shares			5,997,295
Business Combination Equity Interest Percentage In Entity By Acquired Entity			19.99%
Business Combination Right Of First Offer Period	90 days
Business Combination Equity Interest Falling Below Specific Percentage After Specific Date Resulting In Termination Of Right To Maintain Equity Interest Percentage On Ongoing Basis			10.00%
Business Combination Equity Interest Falling Below Specific Percentage Resulting In Termination Of Right Of First Offer	10.00%		10.00%
Payments to Acquire Businesses, Gross		$ 50,000
Private Placement [Member] | AngloGold [Member]
Costs Incurred, Oil and Gas Property Acquisition, Exploration, and Development Activities [Line Items]
Proceeds from Issuance of Common Stock			$ 11,479,348
Livengood Property [Member] | Alaska Mental Health Trust Mineral Rights [Member]
Costs Incurred, Oil and Gas Property Acquisition, Exploration, and Development Activities [Line Items]
Initial lease term				19 years
Mining Properties Lease Operating Expense				$ 2,632,388
Minimum Royalty Payment Percentage				125.00%
Extended period of lease term				19 years
Livengood Property [Member] | Alaska Mental Health Trust Mineral Rights [Member] | Maximum [Member]
Costs Incurred, Oil and Gas Property Acquisition, Exploration, and Development Activities [Line Items]
Royalty Percentage				5.00%
Livengood Property [Member] | Alaska Mental Health Trust Mineral Rights [Member] | Maximum [Member] | Production Royalty [Member]
Costs Incurred, Oil and Gas Property Acquisition, Exploration, and Development Activities [Line Items]
Royalty Percentage				1.00%
Livengood Property [Member] | Alaska Mental Health Trust Mineral Rights [Member] | Minimum [Member]
Costs Incurred, Oil and Gas Property Acquisition, Exploration, and Development Activities [Line Items]
Royalty Percentage				2.50%
Livengood Property [Member] | Alaska Mental Health Trust Mineral Rights [Member] | Minimum [Member] | Production Royalty [Member]
Costs Incurred, Oil and Gas Property Acquisition, Exploration, and Development Activities [Line Items]
Royalty Percentage				0.50%
Livengood Property [Member] | Federal Unpatented Lode Mining Claims [Member]
Costs Incurred, Oil and Gas Property Acquisition, Exploration, and Development Activities [Line Items]
Mining Properties Lease Operating Expense				$ 680,000
Livengood Property [Member] | Federal Unpatented Lode Mining Claims [Member] | Production Royalty [Member]
Costs Incurred, Oil and Gas Property Acquisition, Exploration, and Development Activities [Line Items]
Portion Of Royalty To Be Purchased By The Entity				1.00%
Payments for Royalties				$ 1,000,000
Livengood Property [Member] | Federal Unpatented Lode Mining Claims [Member] | Maximum [Member] | Production Royalty [Member]
Costs Incurred, Oil and Gas Property Acquisition, Exploration, and Development Activities [Line Items]
Royalty Percentage				3.00%
Livengood Property [Member] | Federal Unpatented Lode Mining Claims [Member] | Minimum [Member] | Advance Royalties [Member]
Costs Incurred, Oil and Gas Property Acquisition, Exploration, and Development Activities [Line Items]
Advance Royalties				$ 50,000
Livengood Property [Member] | Federal Unpatented Lode Mining Claims [Member] | Minimum [Member] | Production Royalty [Member]
Costs Incurred, Oil and Gas Property Acquisition, Exploration, and Development Activities [Line Items]
Royalty Percentage				2.00%
Livengood Property [Member] | Patented Lode Claims [Member]
Costs Incurred, Oil and Gas Property Acquisition, Exploration, and Development Activities [Line Items]
Portion Of Cash Payments Payable To Acquire Royalty Interests In Mining Properties				$ 500,000
Balance Portion Of Payments To Acquire Royalty Interests In Mining Properties Payable By Way Of Net Smelter Return				500,000
Payments for Royalties				1,000,000
Mining Properties Lease Operating Expense				$ 185,000
Livengood Property [Member] | Patented Lode Claims [Member] | Production Royalty [Member]
Costs Incurred, Oil and Gas Property Acquisition, Exploration, and Development Activities [Line Items]
Net Smelter Return Base For Payments To Acquire Royalty Interests In Mining Properties				3.00%
Royalty Percentage				3.00%
Livengood Property [Member] | Patented Lode Claims [Member] | Minimum [Member] | Advance Royalties [Member] | On or Befor Each Anniversary [Member]
Costs Incurred, Oil and Gas Property Acquisition, Exploration, and Development Activities [Line Items]
Advance Royalties				$ 20,000
Livengood Property [Member] | Patented Lode Claims [Member] | Minimum [Member] | Advance Royalties [Member] | On or Before Each Subsequent Anniversary [Member]
Costs Incurred, Oil and Gas Property Acquisition, Exploration, and Development Activities [Line Items]
Advance Royalties				25,000
Livengood Property [Member] | Unpatented Federal Lode Mining And Federal Unpatented Placer Claims [Member]
Costs Incurred, Oil and Gas Property Acquisition, Exploration, and Development Activities [Line Items]
Advance Royalties				15,000
Payments for Royalties				1,000,000
Mining Properties Lease Operating Expense				128,000
Livengood Property [Member] | Unpatented Federal Lode Mining And Federal Unpatented Placer Claims [Member] | Production Royalty [Member]
Costs Incurred, Oil and Gas Property Acquisition, Exploration, and Development Activities [Line Items]
Balance Portion Of Payments To Acquire Royalty Interests In Mining Properties Payable By Way Of Net Smelter Return				125,000
Amount Payable To Lessor On Positive Production Decision				250,000
Portion Of Amount Payable To Lessor On Positive Production Decision Within Prescribed Period Of Decision				$ 125,000
Royalty Percentage				2.00%
Livengood Property [Member] | Unpatented Federal Lode Mining And Federal Unpatented Placer Claims [Member] | Maximum [Member]
Costs Incurred, Oil and Gas Property Acquisition, Exploration, and Development Activities [Line Items]
Prescribed Period From Decision On Positive Production For Payment Of First Half Amount Payable To Lessor				120 days

ACCRUED LIABILITIES (Details)

ACCRUED LIABILITIES (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Accrued Liabilities [Line Items]
Accrued liabilities	$ 201,673	$ 41,682
Accrued salaries and benefits	144,896	168,500
Total accrued liabilities	$ 346,569	$ 210,182

ACCRUED LIABILITIES (Details Te

ACCRUED LIABILITIES (Details Textual) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Accrued Liabilities [Line Items]
Accrued General Corporate Cost Current	$ 34,941	$ 13,406
Accrued Project Cost Current	$ 166,732	$ 28,276

DERIVATIVE LIABILITY (Details)

DERIVATIVE LIABILITY (Details)	12 Months Ended
	Dec. 31, 2017USD ($)$ / Ounce-oz	Dec. 31, 2016USD ($)$ / Ounce-oz	Dec. 31, 2015USD ($)$ / Ounce-oz
Derivatives, Fair Value [Line Items]
Derivative value at beginning of the period	$ 14,694,169	$ 13,900,000	$ 14,700,000
Unrealized gain loss for the year	0	794,169	(800,000)
Settlement	(14,694,169)	0	0
Derivative value at end of the period	$ 0	$ 14,694,169	$ 13,900,000
Average Gold Price at beginning of the period (in dollars per ounce of gold) | $ / Ounce-oz	1,355	1,320	1,356
Average Gold Price at end of the period (in dollars per ounce of gold) | $ / Ounce-oz	0	1,355	1,320

DERIVATIVE LIABILITY (Details T

DERIVATIVE LIABILITY (Details Textual)	Jan. 12, 2017USD ($)	Dec. 28, 2016USD ($)$ / sharesshares	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)$ / shares	Dec. 31, 2015USD ($)	May 24, 2017$ / shares	Dec. 12, 2016USD ($)	Dec. 31, 2011USD ($)	Dec. 13, 2011USD ($)
Derivative [Line Items]
Derivative Liability Value On Initial Recognition									$ 23,100,000
Share Price | $ / shares						$ 0.650
Stock Issued During Period, Value, New Issues			$ 99,492
Payments for Derivative Instrument, Financing Activities			14,694,169	$ 0	$ 0
Non-Brokered Private Placement [Member]
Derivative [Line Items]
Stock Issued During Period, Shares, New Issues | shares		45,833,334
Share Price | $ / shares		$ 0.48		$ 0.48
Stock Issued During Period, Value, New Issues		$ 22,000,000
Livengood Property Purchase Obligation [Member]
Derivative [Line Items]
Derivative Liability, Fair Value, Gross Liability							$ 14,694,169
Payments for Derivative Instrument, Financing Activities	$ 14,694,169
Livengood Gold Project, Alaska
Derivative [Line Items]
Aggregate Consideration For The Claims And Rights								$ 13,500,000
Additional Payment			23,148
Average Gold Price For The Determine Additional Payment			720
Additional contingent payment, if the average Gold Price is less than specified price per troy ounce			$ 720

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Reconciliation of income taxes at statutory rates with the reported taxes
Loss before income taxes	$ (6,432,057)	$ (7,190,628)
Statutory Canadian corporate tax rate	26.00%	25.00%
Expected income tax (recovery)	$ (1,672,335)	$ (1,797,657)
Share-based payments	115,324	27,132
Difference in tax rates in other jurisdictions	(805,662)	(1,073,449)
Effect of change in tax rate	26,455,632	0
Derecognition of derivative liability	(1,824,065)	0
Share issue cost	(14,540)	173,684
Adjustment to prior years provision versus statutory tax returns	(1,509,364)	0
Expiry of donations	64,554	0
Expiry of losses	20,280	0
Change in unrecognized deductible temporary differences	(20,829,824)	2,670,290
Total income tax expense (recovery)	0	0
Deferred income tax assets (liabilities):
Mineral properties	23,391,666	57,243,323
Derivative liability	0	(1,824,065)
Donations	0	92,160
Property and equipment	6,448	9,828
Share issue costs	36,483	31,830
Marketable securities	54,073	45,754
Losses available for future periods	47,278,286	35,997,950
Deferred income tax asset before valuation	70,766,956	91,596,780
Valuation allowance	(70,766,956)	(91,596,780)
Net deferred tax asset	$ 0	$ 0

INCOME TAXES (Details 1)

INCOME TAXES (Details 1)	Dec. 31, 2017USD ($)
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	$ 20,576,000
Mineral Resources Expenditure Pools Carry forwards	137,245,000
Canada
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	20,576,000
Canada | 2037
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	1,394,000
Canada | 2036
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	1,383,000
Canada | 2035
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	406,000
Canada | 2034
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	1,694,000
Canada | 2033
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	1,827,000
Canada | 2032
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	2,629,000
Canada | 2031
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	4,180,000
Canada | 2030
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	2,829,000
Canada | 2029
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	2,074,000
Canada | 2028
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	1,253,000
Canada | 2027
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	907,000
United States
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	137,245,000
Mineral Resources Expenditure Pools Carry forwards	132,150,000
United States | 2037
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	8,892,000
United States | 2036
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	8,798,000
United States | 2035
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	10,703,000
United States | 2034
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	12,587,000
United States | 2033
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	14,208,000
United States | 2032
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	16,798,000
United States | 2031
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	40,825,000
United States | 2030
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	18,765,000
United States | 2029
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	2,973,000
United States | 2028
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	1,412,000
United States | 2027
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	$ 1,284,000

SHARE CAPITAL (Details)

SHARE CAPITAL (Details)	12 Months Ended
	Dec. 31, 2017USD ($)shares	Dec. 31, 2017$ / shares	Dec. 31, 2016USD ($)shares	Dec. 31, 2016$ / shares
Number of Options
Granted (in shares)	250,000
Employee Stock Option [Member]
Number of Options
Balance, beginning of the year (in shares)	6,026,200		6,066,200
Granted (in shares)	250,000		0
Exercised (in shares)	0		(40,000)
Expired (in shares)	(1,650,000)		0
Cancelled (in shares)	(149,200)		0
Balance, end of the year (in shares)	4,477,000		6,026,200
Weighted Average Excercise Price
Balance, beginning of the year (in Canadian dollars per share) | $ / shares		$ 1.61		$ 1.60
Granted (in Canadian dollars per share) | $ / shares		1.35		0
Exercised (in Canadian dollars per share) | $ / shares		0		0.50
Cancelled (in Canadian dollars per share) | $ / shares		1.24		0
Expired (in Canadian dollars per share) | $ / shares		3.17		0
Balance, end of the year (in Canadian dollars per share) | $ / shares		$ 1.03		$ 1.61
Aggregate Intrinsic Value
Balance, end of the year | $	$ 38,220		$ 183,930

SHARE CAPITAL (Details 1)

SHARE CAPITAL (Details 1) - $ / shares		Dec. 31, 2017	Dec. 31, 2016
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of Options (in shares)		4,477,000	6,026,200
Exercisable (in shares)		4,310,333	5,353,465
Exercise Price August 24, 2017
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise Price (in Canadian dollars per share)		$ 0	$ 3.17
Number of Options (in shares)		0	1,675,000
Exercisable (in shares)		0	1,675,000
Exercise Price March 14, 2018
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise Price (in Canadian dollars per share)	[1]	$ 2.18	$ 2.18
Number of Options (in shares)	[1]	300,000	319,000
Exercisable (in shares)	[1]	300,000	319,000
Exercise Price February 25, 2022 $ 1.11
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise Price (in Canadian dollars per share)		$ 1.11	$ 1.11
Number of Options (in shares)		1,030,000	1,030,000
Exercisable (in shares)		1,030,000	1,030,000
Exercise Price February 25, 2022 $ 0.73
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise Price (in Canadian dollars per share)		$ 0.73	$ 0.73
Number of Options (in shares)		540,000	594,000
Exercisable (in shares)		540,000	594,000
Exercise Price March 10, 2022
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise Price (in Canadian dollars per share)		$ 1.11	$ 1.11
Number of Options (in shares)		430,000	430,000
Exercisable (in shares)		430,000	430,000
Exercise Price March 16, 2023 $ 1.00
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise Price (in Canadian dollars per share)		$ 1	$ 1
Number of Options (in shares)		1,260,000	1,260,000
Exercisable (in shares)		1,260,000	839,999
Exercise Price March 16, 2023 $ 0.50
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise Price (in Canadian dollars per share)		$ 0.5	$ 0.5
Number of Options (in shares)		637,000	688,200
Exercisable (in shares)		637,000	445,466
Exercise Price June 9, 2023
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise Price (in Canadian dollars per share)		$ 1	$ 1
Number of Options (in shares)		30,000	30,000
Exercisable (in shares)		30,000	20,000
Exercise Price February 1, 2025
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise Price (in Canadian dollars per share)		$ 1.35	$ 0
Number of Options (in shares)		250,000	0
Exercisable (in shares)		83,333	0
[1]	Expired subsequently

SHARE CAPITAL (Details 2)

SHARE CAPITAL (Details 2) - Deferred Share Unit Incentive Plan [Member] - $ / shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Balance, beginning of the year	0	0
Issued	778,122	0
Exercised	(129,687)	0
Balance, end of the year	648,435	0
Balance, beginning of the year	$ 0	$ 0
Issued	0.62	0
Exercised	0.62	0
Balance, end of the year	$ 0.62	$ 0

SHARE CAPITAL (Details 3)

SHARE CAPITAL (Details 3) - $ / shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Number of options
Balance, beginning of the year (in shares)	672,735	2,030,136
Granted (in shares)	250,000	0
Vested (in shares)	(756,068)	(1,357,401)
Balance, end of the year (in shares)	166,667	672,735
Weighted average grant-date fair value
Balance, beginning of the year (in Canadian dollars per share)	$ 0.25	$ 0.34
Granted (in Canadian dollars per share)	0.40	0
Vested (in Canadian dollars per share)	0.27	0.38
Balance, end of the year (in Canadian dollars per share)	$ 0.40	$ 0.25

SHARE CAPITAL (Details 4)

SHARE CAPITAL (Details 4)	12 Months Ended
	Dec. 31, 2017$ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life of options	6 years
Risk-free interest rate	1.75%
Expected volatility	93.02%
Dividend rate	0.00%
Exercise price (C$)	$ 1.35

SHARE CAPITAL (Details Textual)

SHARE CAPITAL (Details Textual)	Nov. 06, 2017USD ($)shares	Jul. 13, 2017USD ($)shares	Oct. 23, 2017CAD ($)$ / sharesshares	May 31, 2017USD ($)shares	May 24, 2017USD ($)	Dec. 31, 2017USD ($)shares	Dec. 31, 2017USD ($)$ / sharesshares	Dec. 31, 2016USD ($)shares	Dec. 31, 2016USD ($)$ / sharesshares	Dec. 31, 2015USD ($)	Dec. 31, 2017CAD ($)shares	Nov. 06, 2017CAD ($)
Stockholders Equity [Line Items]
Common Stock, Shares Authorized | shares						500,000,000	500,000,000	500,000,000	500,000,000		500,000,000
Common Stock, Shares, Issued | shares						162,392,996	162,392,996	162,186,972	162,186,972		162,392,996
Common Stock, Shares, Outstanding | shares						162,392,996	162,392,996	162,186,972	162,186,972		162,392,996
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | shares						250,000
Allocated Share-based Compensation Expense						$ 443,556
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options											$ 38,983
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition						9 months 25 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term						4 years 6 months
Payments of Stock Issuance Costs						$ 52,646		$ 146,735		$ 0
Stock To Be Issued During Period Value					$ 99,492
Share Based Compensation Arrangement By Share Based Payment Award Percentage Of Shares Authorized						10.00%	10.00%				10.00%
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Aggregate Weighted Average Grant Date Fair Value			$ 482,436
Common Stock, Value, Subscriptions						$ 63,593	$ 63,593	0	$ 0
Share-based Compensation Under Deferred Share Unit Incentive Plan						381,558		0		0
Share-based Compensation						61,998		108,526		540,468
Consulting Fees Expenses [Member]
Stockholders Equity [Line Items]
Allocated Share-based Compensation Expense						384,516		25,013		113,150
Wages And Benefits Expenses [Member]
Stockholders Equity [Line Items]
Allocated Share-based Compensation Expense						58,192		76,910		400,095
Investor Relations Expenses [Member]
Stockholders Equity [Line Items]
Allocated Share-based Compensation Expense						$ 848		$ 6,603		$ 27,223
Deferred Share Unit Incentive Plan [Member]
Stockholders Equity [Line Items]
Share Based Compensation Arrangement By Share Based Payment Award Shares Authorized Percentage						10.00%	10.00%				10.00%
Share based Compensation Arrangement By Share based Payment Award Percentage Of Shares Available For Grant						7.24%	7.24%				7.24%
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | shares						16,239,299	16,239,299				16,239,299
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | shares						11,762,299	11,762,299				11,762,299
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | shares						778,122		0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares							$ 0.62		$ 0
Deferred Share Unit Incentive Plan [Member] | Non-Paulson Directors [Member]
Stockholders Equity [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares			$ 0.62
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Shares Obligation | shares			129,687
2006 Plan [Member]
Stockholders Equity [Line Items]
Share based Compensation Arrangement By Sharebased Payment Award Options Outstanding Percentage						2.76%	2.76%				2.76%
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | shares						4,477,000	4,477,000				4,477,000
Chief Executive Officer [Member] | Incentive Stock Option Plan 2006 [Member]
Stockholders Equity [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | shares						250,000
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price | $ / shares							$ 1.35
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Date						Feb. 1, 2025
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights						will vest as to one-third on the grant date, one-third on February 1, 2018, and one-third on February 1, 2019
Previous Chief Executive Officer [Member]
Stockholders Equity [Line Items]
Payments of Stock Issuance Costs		$ 7,646
Stock To Be Issued During Period Value				$ 99,492
Stock Issued During Period, Shares, Issued for Services | shares		206,024		206,024
Mark Hamilton [Member] | Deferred Share Unit Incentive Plan [Member]
Stockholders Equity [Line Items]
Common Stock, Value, Subscriptions	$ 63,593											$ 80,406
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Shares Obligation | shares	129,687
Non-Brokered Private Placement [Member]
Stockholders Equity [Line Items]
Payments of Stock Issuance Costs		$ 45,000

SEGMENT AND GEOGRAPHIC INFORM46

SEGMENT AND GEOGRAPHIC INFORMATION (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Segment Reporting Information [Line Items]
Capitalized acquisition costs	$ 55,204,041	$ 55,204,041
Property and equipment	20,794	24,800
Current assets	2,422,196	22,672,714
Total assets	57,647,031	77,901,555
Net loss for the year	(6,432,057)	(7,190,628)	$ (4,812,824)
CANADA
Segment Reporting Information [Line Items]
Capitalized acquisition costs	0	0
Property and equipment	8,501	8,944
Current assets	1,794,494	22,289,678
Total assets	1,802,995	22,298,622
Net loss for the year	(1,801,817)	(1,356,670)	(702,851)
UNITED STATES
Segment Reporting Information [Line Items]
Capitalized acquisition costs	55,204,041	55,204,041
Property and equipment	12,293	15,856
Current assets	627,702	383,036
Total assets	55,844,036	55,602,933
Net loss for the year	$ (4,630,240)	$ (5,833,958)	$ (4,109,973)

COMMITMENTS (Details)

COMMITMENTS (Details)	Dec. 31, 2017USD ($)
Recorded Unconditional Purchase Obligation [Line Items]
2,017	$ 539,493
2,018	544,513
2,019	549,608
2,020	554,780
2,021	560,029
2022 and beyond	565,357
Total	3,313,780
Mineral Property Leases Obligation [Member]
Recorded Unconditional Purchase Obligation [Line Items]
2,017	424,668	[1]
2,018	429,688	[1]
2,019	434,783	[1]
2,020	439,955	[1]
2,021	445,204	[1]
2022 and beyond	450,532	[1]
Total	2,624,830	[1]
Mining Claim Government Fees Obligation [Member]
Recorded Unconditional Purchase Obligation [Line Items]
2,017	114,825
2,018	114,825
2,019	114,825
2,020	114,825
2,021	114,825
2022 and beyond	114,825
Total	$ 688,950
[1]	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.

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Textual)	Jul. 13, 2017shares	May 31, 2017USD ($)shares	May 24, 2017USD ($)shares	Dec. 28, 2016$ / sharesshares	Dec. 31, 2011	Dec. 31, 2017shares	Dec. 31, 2016$ / sharesshares	May 24, 2017$ / shares
Related Party Transaction [Line Items]
Share Price | $ / shares								$ 0.650
Common Stock, Shares, Outstanding						162,392,996	162,186,972
Foreign Currency Exchange Rate, Translation								1.3460
Stock to be issued during period shares			206,024
Stock to be issued during period value | $			$ 99,492
Non-Brokered Private Placement [Member]
Related Party Transaction [Line Items]
Stock Issued During Period, Shares, New Issues				45,833,334
Share Price | $ / shares				$ 0.48			$ 0.48
Paulson Co. Inc [Member] | Non-Brokered Private Placement [Member]
Related Party Transaction [Line Items]
Stock Issued During Period, Shares, New Issues							32,429,842
Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage						34.20%
Tocqueville Asset Management, L.P [Member] | Non-Brokered Private Placement [Member]
Related Party Transaction [Line Items]
Stock Issued During Period, Shares, New Issues							9,041,554
Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage						19.40%
AngloGold Ashanti [Member] | Non-Brokered Private Placement [Member]
Related Party Transaction [Line Items]
Stock Issued During Period, Shares, New Issues							4,361,938
Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage						9.50%
Previous Chief Executive Officer [Member]
Related Party Transaction [Line Items]
Stock to be issued during period value | $		$ 99,492
Stock Issued During Period, Shares, Issued for Services	206,024	206,024
AN Gold Mines [Member]
Related Party Transaction [Line Items]
Payment Due To Related Party Percent					70.00%
Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage						11.90%
Heflinger Group [Member]
Related Party Transaction [Line Items]
Payment Due To Related Party Percent					30.00%

SUBSEQUENT EVENT (Details Textu

SUBSEQUENT EVENT (Details Textual) - USD ($)	Mar. 13, 2018	Dec. 31, 2017
Stock Issued During Period, Value, New Issues		$ 99,492
Subsequent Event [Member] | Private Placement [Member]
Stock Issued During Period, Shares, New Issues	24,000,000
Shares Issued, Price Per Share	$ 0.50
Stock Issued During Period, Value, New Issues	$ 12,000,000