International Tower Hill Mines (THM) 10-Q 4 May 18 2018 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2018	Apr. 26, 2018
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Entity Registrant Name	INTERNATIONAL TOWER HILL MINES LTD
Entity Central Index Key	1,134,115
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Trading Symbol	THM
Entity Common Stock, Shares Outstanding		186,522,683

CONDENSED CONSOLIDATED INTERIM

CONDENSED CONSOLIDATED INTERIM BALANCE SHEETS - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Current
Cash and cash equivalents	$ 13,174,233	$ 2,244,466
Prepaid expenses and other	148,748	177,730
Total current assets	13,322,981	2,422,196
Property and equipment	20,031	20,794
Capitalized acquisition costs	55,204,041	55,204,041
Total assets	68,547,053	57,647,031
Current liabilities
Accounts payable	77,017	82,269
Accrued liabilities	204,597	346,569
Total liabilities	281,614	428,838
Shareholders’ equity
Share capital, no par value; authorized 500,000,000 shares; 162,392,996 and 186,522,683 shares issued and outstanding at December 31, 2017 and March 31, 2018, respectively	277,596,757	265,616,642
Contributed surplus	34,633,431	34,459,264
Obligation to issue shares	0	63,593
Accumulated other comprehensive income	1,708,136	1,686,359
Deficit	(245,672,885)	(244,607,665)
Total shareholders’ equity	68,265,439	57,218,193
Total liabilities and shareholders’ equity	68,547,053	57,647,031
Commitments (Note 9)

CONDENSED CONSOLIDATED INTERIM3

CONDENSED CONSOLIDATED INTERIM BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2018	Dec. 31, 2017
Common Stock, No Par Value	$ 0	$ 0
Common Stock, Shares Authorized	500,000,000	500,000,000
Common Stock, Shares, Issued	186,522,683	162,392,996
Common Stock, Shares, Outstanding	186,522,683	162,392,996

CONDENSED CONSOLIDATED INTERIM4

CONDENSED CONSOLIDATED INTERIM STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Operating expenses
Consulting fees	$ 53,715	$ 72,695
Depreciation	762	999
Insurance	71,450	65,995
Investor relations	18,507	28,497
Mineral property exploration	204,212	711,116
Office	9,464	8,141
Other	4,281	4,537
Professional fees	51,963	50,219
Regulatory	58,683	57,299
Rent	33,932	35,349
Travel	18,289	31,453
Wages and benefits	527,663	456,414
Total operating expenses	(1,052,921)	(1,522,714)
Other expenses
Loss on foreign exchange	(27,447)	(166,124)
Interest income	1,363	10,861
Other income	13,785	0
Total other expenses	(12,299)	(155,263)
Net loss for the period	(1,065,220)	(1,677,977)
Other comprehensive income
Unrealized gain/(loss) on marketable securities	(3,085)	1,964
Exchange difference on translating foreign operations	24,862	165,015
Total other comprehensive income for the period	21,777	166,979
Comprehensive loss for the period	$ (1,043,443)	$ (1,510,998)
Basic and diluted loss per share	$ (0.01)	$ (0.01)
Weighted average number of shares outstanding	167,198,760	162,186,972

CONDENSED CONSOLIDATED INTERIM5

CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY - USD ($)	Total	Common Stock [Member]	Contributed surplus [Member]	Obligation to Issue shares [Member]	Accumulated other comprehensive income [Member]	Deficit [Member]
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	(45,000)	$ (45,000)	0	0	0	0
Stock-based compensation-options	12,959	0	12,959	0	0	0
Unrealized gain/(loss) on available-for-sale securities	1,964	0	0	0	1,964	0
Exchange difference on translating foreign operations	165,015	0	0	0	165,015	0
Net loss	(1,677,977)	0	0	0	0	(1,677,977)
Balance at Mar. 31, 2017	61,274,669	$ 265,524,796	34,092,260	0	1,511,198	(239,853,585)
Balance (in shares) at Mar. 31, 2017		162,186,972
Share issuance costs	(7,646)	$ (7,646)	0	0	0	0
Stock-based compensation-options	49,039	0	49,039	0	0	0
Stock-based compensation-DSUs	381,558	0	381,558	0	0	0
Unrealized gain/(loss) on available-for-sale securities	(10,481)	0	0	0	(10,481)	0
Exchange difference on translating foreign operations	185,642	0	0	0	185,642	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	(4,754,080)	$ 0	0	0	0	(4,754,080)
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
Share issuance costs	(83,478)	$ (83,478)	0	0	0	0
Stock-based compensation-options	174,167	0	174,167	0	0	0
Unrealized gain/(loss) on available-for-sale securities	(3,085)	0	0	0	(3,085)	0
Exchange difference on translating foreign operations	24,862	0	0	0	24,862	0
Obligation to issue shares	(63,593)	0	0	(63,593)	0	0
Share issuance	12,063,593	$ 12,063,593	0	0	0	0
Share issuance (in shares)		24,129,687
Net loss	(1,065,220)	$ 0	0		0	(1,065,220)
Balance at Mar. 31, 2018	$ 68,265,439	$ 277,596,757	$ 34,633,431	$ 0	$ 1,708,136	$ (245,672,885)
Balance (in shares) at Mar. 31, 2018		186,522,683

CONDENSED CONSOLIDATED INTERIM6

CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Operating Activities
Loss for the period	$ (1,065,220)	$ (1,677,977)
Add items not affecting cash:
Depreciation	762	999
Stock-based compensation	174,167	12,959
Changes in non-cash items:
Accounts receivable	(3,689)	(115,431)
Prepaid expenses and other	26,027	50,963
Accounts payable and accrued liabilities	(190,470)	350,172
Cash used in operating activities	(1,058,423)	(1,378,315)
Financing Activities
Issuance of shares	12,000,000	0
Derivative payment	0	(14,694,169)
Share issuance costs	(37,022)	(45,000)
Cash provided by (used in) financing activities	11,962,978	(14,739,169)
Effect of foreign exchange on cash	25,212	281,706
Increase (decrease) in cash and cash equivalents	10,929,767	(15,835,778)
Cash and cash equivalents, beginning of the period	2,244,466	22,466,493
Cash and cash equivalents, end of the period	$ 13,174,233	$ 6,630,715

GENERAL INFORMATION AND NATURE

GENERAL INFORMATION AND NATURE OF OPERATIONS	3 Months Ended
	Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations [Text Block]	1. GENERAL INFORMATION AND 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 March 31, 2018, the Company controls a 100 These unaudited condensed consolidated interim 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. As at March 31, 2018, the Company had cash and cash equivalents of $ 13,174,233 2,244,466 24,000,000 0.50 12,000,000 The Company will require significant additional financing to continue its operations (including general and administrative expenses) in connection with advancing activities at the Livengood Gold Project and the development of any mine that may be determined to be built at the Livengood Gold Project, and there is no assurance that the Company will be able to obtain the additional financing required on acceptable terms, if at all. 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, although there can be no assurance that any such strategic alliance will, in fact, be realized. 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.

BASIS OF PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Basis of Presentation and Significant Accounting Policies [Text Block]	2. BASIS OF PRESENTATION These unaudited condensed consolidated interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X under the Securities Exchange Act of 1934, as amended. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for annual financial statements. These unaudited condensed consolidated interim financial statements should be read in conjunction with the audited consolidated financial statements for the year ended December 31, 2017 as filed in our Annual Report on Form 10-K. In the opinion of the Company’s management, these financial statements reflect all adjustments, consisting of normal recurring adjustments, necessary to present fairly the Company’s financial position at March 31, 2018 and the results of its operations for the three months then ended. Operating results for the three months ended March 31, 2018 are not necessarily indicative of the results that may be expected for the year ending December 31, 2018. The 2017 year-end balance sheet data was derived from audited financial statements but does not include all disclosures required by U.S. GAAP. The preparation of financial statements in conformity with U.S. GAAP requires management to make judgments, estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the period. These judgments, estimates and assumptions are continuously evaluated and are based on management’s experience and knowledge of the relevant facts and circumstances. While management believes the estimates to be reasonable, actual results could differ from those estimates and could impact future results of operations and cash flows. On May 3, 2018, the Board of Directors of the Company (the “Board”) approved these condensed consolidated interim financial statements. Basis of consolidation These condensed consolidated interim 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.

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	3 Months Ended
	Mar. 31, 2018
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	3. FAIR VALUE OF FINANCIAL INSTRUMENTS The carrying values of cash and cash equivalents, accounts receivable and accounts payable and accrued liabilities approximate their fair values due to the short-term maturity of these financial instruments. Financial instruments measured at fair value are classified into one of three levels in the fair value hierarchy according to the significance of the inputs used in making the measurement. The three levels of the fair value hierarchy are as follows: · Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities; · Level 2 – Inputs other than quoted prices that are observable for the asset or liability either directly or indirectly; and · Level 3 – Inputs that are not based on observable market data. Fair value as at Level 1 Financial assets: Marketable securities $ 12,099 Total $ 12,099 Fair value as at Level 1 Financial assets: Marketable securities $ 15,543 Total $ 15,543

CAPITALIZED ACQUISITION COSTS

CAPITALIZED ACQUISITION COSTS	3 Months Ended
	Mar. 31, 2018
Mineral Industries Disclosures [Abstract]
Mineral Industries Disclosures [Text Block]	4. CAPITALIZED ACQUISITION COSTS The Company had the following activity related to capitalized acquisition costs: Capitalized acquisition costs Amount Balance, December 31, 2017 $ 55,204,041 Acquisition costs - Balance, March 31, 2018 $ 55,204,041 March 31, 2018 March 31, 2017 Exploration costs: Assay $ - $ 411,617 Environmental 35,912 48,774 Equipment rental 9,052 10,341 Field costs 47,400 47,026 Geological/geophysical 48,644 121,057 Land maintenance & tenure 40,392 35,315 Legal 22,414 35,710 Transportation and travel 398 1,276 Total expenditures for the period $ 204,212 $ 711,116 Livengood Gold Project Property The Livengood property is located in the Tintina gold belt approximately 113 kilometers (70 miles) northwest of Fairbanks, Alaska. The property consists of land leased from the Alaska Mental Health Trust, a number of smaller private mineral leases, Alaska state mining claims purchased or located by the Company and patented ground held by the Company. Details of the leases are as follows: a) a lease of the Alaska Mental Health Trust mineral rights having a term beginning July 1, 2004 and extending 19 125 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 mining 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 3 210,000 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 on or before each anniversary date (all of which minimum royalties are recoverable from production royalties). The Company is required to pay the lessor the sum of $ 250,000 125,000 120 125,000 2 1,000,000 15,000 143,000 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	3 Months Ended
	Mar. 31, 2018
Payables and Accruals [Abstract]
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	5. ACCRUED LIABILITIES The following table presents the accrued liabilities balances at March 31, 2018 and December 31, 2017. March 31, 2018 December 31, 2017 Accrued liabilities $ 175,838 $ 201,673 Accrued salaries and benefits 28,759 144,896 Total accrued liabilities $ 204,597 $ 346,569 Accrued liabilities at March 31, 2018 include accruals for general corporate costs and project costs of $ 63,510 112,328 34,941 166,732

DERIVATIVE LIABILITY

DERIVATIVE LIABILITY	3 Months Ended
	Mar. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives and Fair Value [Text Block]	6. DERIVATIVE LIABILITY During 2011, the Company acquired certain mining claims and related rights in the vicinity of the Livengood Gold Project located near Fairbanks, Alaska. The aggregate consideration for the claims and rights was $ 13,500,000 23,148 720 720 At initial recognition on December 13, 2011, the derivative liability was valued at $ 23,100,000 1,354.79 14,694,169 14,694,169

SHARE CAPITAL

SHARE CAPITAL	3 Months Ended
	Mar. 31, 2018
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	7. SHARE CAPITAL Authorized 500,000,000 162,392,996 186,522,683 Share issuances On March 13, 2018, the Company completed a non-brokered private placement pursuant to which it issued 24,000,000 0.50 12,000,000 83,478 129,687 63,593 129,687 Stock options The Company adopted an incentive stock option plan in 2006, as amended September 19, 2012 and reapproved 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 On March 21, 2018, the Company granted incentive stock options to certain officers, employees and consultants of the Company to purchase a total of 420,085 100 March 21, 2024 0.61 Three Months Ended Year Ended March 31, 2018 December 31, 2017 Number of Weighted Average Exercise Price Aggregate Intrinsic Value (C$) Number of Weighted Average Exercise Price Aggregate Intrinsic Value (C$) Balance, beginning of the period 4,477,000 $ 1.03 6,026,200 $ 1.61 Granted 420,085 $ 0.61 250,000 1.35 Expired (269,000) $ 2.18 (1,650,000) 3.17 Cancelled (400,000) $ 1.01 (149,200) 1.24 Balance, end of the period 4,228,085 $ 0.92 $ 106,503 4,477,000 $ 1.03 $ 38,220 The weighted average remaining life of options outstanding at March 31, 2018 was 4.73 March 31, 2018 December 31, 2017 Expiry Date Exercise Number of Options Exercisable Exercise Number of Options Exercisable March 14, 2018 - - - $ 2.18 300,000 300,000 February 25, 2022 $ 1.11 970,000 970,000 $ 1.11 1,030,000 1,030,000 February 25, 2022 $ 0.73 450,000 450,000 $ 0.73 540,000 540,000 March 10, 2022 $ 1.11 370,000 370,000 $ 1.11 430,000 430,000 March 16, 2023 $ 1.00 1,140,000 1,140,000 $ 1.00 1,260,000 1,260,000 March 16, 2023 $ 0.50 598,000 598,000 $ 0.50 637,000 637,000 June 9, 2023 $ 1.00 30,000 30,000 $ 1.00 30,000 30,000 March 21, 2024 $ 0.61 420,085 420,085 - - - February 1, 2025 $ 1.35 250,000 166,667 $ 1.35 250,000 83,333 4,228,085 4,144,752 4,477,000 4,310,333 Non-vested options: Number of options Weighted average grant-date fair Outstanding at December 31, 2017 166,667 $ 0.40 Granted 420,085 $ 0.48 Vested (503,419) $ 0.47 Outstanding at March 31, 2018 83,333 $ 0.40 At March 31, 2018, there was unrecognized compensation expense of C$ 22,130 0.84 Share-based payments During the three month period ended March 31, 2018, there were 420,085 174,167 During the three month period ended March 31, 2017, there were no incentive stock options granted by the Company. Share-based payment charges for the three months ended March 31, 2017 totaled $ 12,959 QTD March 31, 2018 Expected life of options 6 years Risk-free interest rate 2.12 % Annualized volatility 93.67 % Dividend rate 0.00 % Exercise price (C$) $ 0.61 The expected volatility used in the Black-Scholes option pricing model is based on the historical volatility of the Company’s shares. 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 maximum aggregate number of Common Shares that could be issued under the DSU Plan and the 2006 Plan is 10% of the number of issued and outstanding Common Shares (on a non-diluted basis). In accordance with the Company’s DSU Plan, on October 23, 2017 the Company granted each of the members of the Board (other than those directors nominated for election by Paulson & Co., Inc.) 129,687 0.62 482,436 Following the resignation of director Mark Hamilton on November 6, 2017, the Company recorded an obligation to issue 129,687 63,593 80,406 Three Months Ended Year Ended March 31, 2018 December 31, 2017 Number of Weighted Average Exercise Price Number of Weighted Average Exercise Price Balance, beginning of the period 648,435 $ 0.62 - $ 0.62 Issued - $ - 778,122 $ 0.62 Exercised - $ - (129,687) $ 0.62 Balance, end of the period 648,435 $ 0.62 648,435 $ 0.62

SEGMENT AND GEOGRAPHIC INFORMAT

SEGMENT AND GEOGRAPHIC INFORMATION	3 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	8. SEGMENT AND GEOGRAPHIC INFORMATION Canada United States Total March 31, 2018 Capitalized acquisition costs $ - $ 55,204,041 $ 55,204,041 Property and equipment 8,422 11,609 20,031 Current assets 12,735,707 587,274 13,322,981 Total assets $ 12,744,129 $ 55,802,924 $ 68,547,053 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 Three months ended March 31, 2018 March 31, 2017 Net loss for the period – Canada $ (451,693) $ (429,819) Net loss for the period - United States (613,527) (1,248,158) Net loss for the period $ (1,065,220) $ (1,677,977)

COMMITMENTS

COMMITMENTS	3 Months Ended
	Mar. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments Disclosure [Text Block]	9. COMMITMENTS The following table discloses, as of March 31, 2018, the Company’s contractual obligations including anticipated mineral property payments. 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 expenditure, 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 beyond Total Mineral Property Leases (1) $ 384,668 $ 429,688 $ 434,783 $ 439,955 $ 445,204 $ 450,532 $ 2,584,830 Mining Claim Government Fees 114,825 114,825 114,825 114,825 114,825 114,825 688,950 Total $ 499,493 $ 544,513 $ 549,608 $ 554,780 $ 560,029 $ 565,357 $ 3,273,780 1. Does not include required work expenditures, as it is assumed that the required expenditure level is significantly below the level of work that 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	3 Months Ended
	Mar. 31, 2018
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	10. 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

FAIR VALUE OF FINANCIAL INSTR17

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	3 Months Ended
	Mar. 31, 2018
Fair Value Disclosures [Abstract]
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]	Fair value as at Level 1 Financial assets: Marketable securities $ 12,099 Total $ 12,099 Fair value as at Level 1 Financial assets: Marketable securities $ 15,543 Total $ 15,543

CAPITALIZED ACQUISITION COSTS (

CAPITALIZED ACQUISITION COSTS (Tables)	3 Months Ended
	Mar. 31, 2018
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, 2017 $ 55,204,041 Acquisition costs - Balance, March 31, 2018 $ 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 three months ended March 31, 2018 and 2017: March 31, 2018 March 31, 2017 Exploration costs: Assay $ - $ 411,617 Environmental 35,912 48,774 Equipment rental 9,052 10,341 Field costs 47,400 47,026 Geological/geophysical 48,644 121,057 Land maintenance & tenure 40,392 35,315 Legal 22,414 35,710 Transportation and travel 398 1,276 Total expenditures for the period $ 204,212 $ 711,116

ACCRUED LIABILITIES (Tables)

ACCRUED LIABILITIES (Tables)	3 Months Ended
	Mar. 31, 2018
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities [Table Text Block]	The following table presents the accrued liabilities balances at March 31, 2018 and December 31, 2017. March 31, December 31, Accrued liabilities $ 175,838 $ 201,673 Accrued salaries and benefits 28,759 144,896 Total accrued liabilities $ 204,597 $ 346,569

SHARE CAPITAL (Tables)

SHARE CAPITAL (Tables)	3 Months Ended
	Mar. 31, 2018
Stockholders' Equity Note [Abstract]
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	A summary of the status of the 2006 Plan as of March 31, 2018 and December 31, 2017 and changes is presented below: Three Months Ended Year Ended March 31, 2018 December 31, 2017 Number of Weighted Average Exercise Price Aggregate Intrinsic Value (C$) Number of Weighted Average Exercise Price Aggregate Intrinsic Value (C$) Balance, beginning of the period 4,477,000 $ 1.03 6,026,200 $ 1.61 Granted 420,085 $ 0.61 250,000 1.35 Expired (269,000) $ 2.18 (1,650,000) 3.17 Cancelled (400,000) $ 1.01 (149,200) 1.24 Balance, end of the period 4,228,085 $ 0.92 $ 106,503 4,477,000 $ 1.03 $ 38,220
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]	Stock options outstanding are as follows: March 31, 2018 December 31, 2017 Expiry Date Exercise Number of Options Exercisable Exercise Number of Options Exercisable March 14, 2018 - - - $ 2.18 300,000 300,000 February 25, 2022 $ 1.11 970,000 970,000 $ 1.11 1,030,000 1,030,000 February 25, 2022 $ 0.73 450,000 450,000 $ 0.73 540,000 540,000 March 10, 2022 $ 1.11 370,000 370,000 $ 1.11 430,000 430,000 March 16, 2023 $ 1.00 1,140,000 1,140,000 $ 1.00 1,260,000 1,260,000 March 16, 2023 $ 0.50 598,000 598,000 $ 0.50 637,000 637,000 June 9, 2023 $ 1.00 30,000 30,000 $ 1.00 30,000 30,000 March 21, 2024 $ 0.61 420,085 420,085 - - - February 1, 2025 $ 1.35 250,000 166,667 $ 1.35 250,000 83,333 4,228,085 4,144,752 4,477,000 4,310,333
Schedule of Nonvested Share Activity [Table Text Block]	A summary of the non-vested options as of March 31, 2018 and changes during the three months ended March 31, 2018 is as follows: Non-vested options: Number of options Weighted average grant-date fair Outstanding at December 31, 2017 166,667 $ 0.40 Granted 420,085 $ 0.48 Vested (503,419) $ 0.47 Outstanding at March 31, 2018 83,333 $ 0.40
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: QTD March 31, 2018 Expected life of options 6 years Risk-free interest rate 2.12 % Annualized volatility 93.67 % Dividend rate 0.00 % Exercise price (C$) $ 0.61
Schedule of Other Share-based Compensation, Activity [Table Text Block]	Three Months Ended Year Ended March 31, 2018 December 31, 2017 Number of Weighted Average Exercise Price Number of Weighted Average Exercise Price Balance, beginning of the period 648,435 $ 0.62 - $ 0.62 Issued - $ - 778,122 $ 0.62 Exercised - $ - (129,687) $ 0.62 Balance, end of the period 648,435 $ 0.62 648,435 $ 0.62

SEGMENT AND GEOGRAPHIC INFORM21

SEGMENT AND GEOGRAPHIC INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	The Company operates in a single reportable segment, being the exploration and development of mineral properties. The following tables present selected financial information by geographic location: Canada United States Total March 31, 2018 Capitalized acquisition costs $ - $ 55,204,041 $ 55,204,041 Property and equipment 8,422 11,609 20,031 Current assets 12,735,707 587,274 13,322,981 Total assets $ 12,744,129 $ 55,802,924 $ 68,547,053 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 Three months ended March 31, 2018 March 31, 2017 Net loss for the period – Canada $ (451,693) $ (429,819) Net loss for the period - United States (613,527) (1,248,158) Net loss for the period $ (1,065,220) $ (1,677,977)

COMMITMENTS (Tables)

COMMITMENTS (Tables)	3 Months Ended
	Mar. 31, 2018
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 beyond Total Mineral Property Leases (1) $ 384,668 $ 429,688 $ 434,783 $ 439,955 $ 445,204 $ 450,532 $ 2,584,830 Mining Claim Government Fees 114,825 114,825 114,825 114,825 114,825 114,825 688,950 Total $ 499,493 $ 544,513 $ 549,608 $ 554,780 $ 560,029 $ 565,357 $ 3,273,780 1. Does not include required work expenditures, as it is assumed that the required expenditure level is significantly below the level of work that 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 AND NATUR23

GENERAL INFORMATION AND NATURE OF OPERATIONS (Details Textual) - USD ($)	1 Months Ended	3 Months Ended	9 Months Ended
	Mar. 13, 2018	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017	Dec. 31, 2016
General Information Nature And Continuance Of Operations [Line Items]
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	$ 12,063,593	$ 99,492
Cash and Cash Equivalents, at Carrying Value, Total		$ 13,174,233	$ 2,244,466	$ 6,630,715	$ 22,466,493
Livengood Property Purchase Obligation [Member]
General Information Nature And Continuance Of Operations [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent		100.00%

FAIR VALUE OF FINANCIAL INSTR24

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Financial assets:
Total	$ 12,099	$ 15,543
Fair Value, Inputs, Level 1 [Member]
Financial assets:
Marketable securities	$ 12,099	$ 15,543

CAPITALIZED ACQUISITION COSTS25

CAPITALIZED ACQUISITION COSTS (Details)	3 Months Ended
	Mar. 31, 2018USD ($)
Costs Incurred, Oil and Gas Property Acquisition, Exploration, and Development Activities [Line Items]
Balance, at the beginning of the period	$ 55,204,041
Acquisition costs	0
Balance, at the end of the period	$ 55,204,041

CAPITALIZED ACQUISITION COSTS26

CAPITALIZED ACQUISITION COSTS (Details 1) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Exploration costs:
Assay	$ 0	$ 411,617
Environmental	35,912	48,774
Equipment rental	9,052	10,341
Field costs	47,400	47,026
Geological/geophysical	48,644	121,057
Land maintenance & tenure	40,392	35,315
Legal	22,414	35,710
Transportation and travel	398	1,276
Total expenditures for the period	$ 204,212	$ 711,116

CAPITALIZED ACQUISITION COSTS27

CAPITALIZED ACQUISITION COSTS (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 13, 2018
Costs Incurred, Oil and Gas Property Acquisition, Exploration, and Development Activities [Line Items]
Extended period of lease term	19 years
Livengood Property [Member] | Alaska Mental Health Trust Mineral Rights [Member]
Costs Incurred, Oil and Gas Property Acquisition, Exploration, and Development Activities [Line Items]
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	$ 210,000
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	0.00%
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	143,000
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 ($)	Mar. 31, 2018	Dec. 31, 2017
Accrued Liabilities [Line Items]
Accrued liabilities	$ 175,838	$ 201,673
Accrued salaries and benefits	28,759	144,896
Total accrued liabilities	$ 204,597	$ 346,569

ACCRUED LIABILITIES (Details Te

ACCRUED LIABILITIES (Details Textual) - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Accrued Liabilities [Line Items]
Accrued General Corporate Cost Current	$ 63,510	$ 34,941
Accrued Project Cost Current	$ 112,328	$ 166,732

DERIVATIVE LIABILITY (Details T

DERIVATIVE LIABILITY (Details Textual)	Jan. 12, 2017USD ($)	Mar. 31, 2018USD ($)	Mar. 31, 2017USD ($)	Dec. 12, 2016USD ($)$ / Unit	Dec. 31, 2011USD ($)	Dec. 13, 2011USD ($)
Derivative [Line Items]
Derivative Liability Value On Initial Recognition						$ 23,100,000
Average Gold Price | $ / Unit				1,354.79
Payments for Derivative Instrument, Financing Activities		$ 0	$ 14,694,169
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

SHARE CAPITAL (Details)

SHARE CAPITAL (Details)	1 Months Ended	3 Months Ended	12 Months Ended
	Mar. 21, 2018$ / sharesshares	Mar. 31, 2018CAD ($)$ / sharesshares	Dec. 31, 2017CAD ($)$ / sharesshares
Number of Options
Granted (in shares) | shares	420,085	420,085
Weighted Average Excercise Price
Granted (in Canadian dollars per share) | $ / shares	$ 0.61
Employee Stock Option [Member]
Number of Options
Balance, beginning of the year (in shares) | shares		4,477,000	6,026,200
Granted (in shares) | shares		420,085	250,000
Expired (in shares) | shares		(269,000)	(1,650,000)
Cancelled (in shares) | shares		(400,000)	(149,200)
Balance, end of the year (in shares) | shares		4,228,085	4,477,000
Weighted Average Excercise Price
Balance, beginning of the year (in Canadian dollars per share) | $ / shares		$ 1.03	$ 1.61
Granted (in Canadian dollars per share) | $ / shares		0.61	1.35
Expired (in Canadian dollars per share) | $ / shares		2.18	3.17
Cancelled (in Canadian dollars per share) | $ / shares		1.01	1.24
Balance, end of the year (in Canadian dollars per share) | $ / shares		$ 0.92	$ 1.03
Aggregate Intrinsic Value
Balance, end of the year | $		$ 106,503	$ 38,220

SHARE CAPITAL (Details 1)

SHARE CAPITAL (Details 1) - $ / shares	Mar. 31, 2018	Dec. 31, 2017
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of Options (in shares)	4,228,085	4,477,000
Exercisable (in shares)	4,144,752	4,310,333
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)	$ 0	$ 2.18
Number of Options (in shares)	0	300,000
Exercisable (in shares)	0	300,000
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)	970,000	1,030,000
Exercisable (in shares)	970,000	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)	450,000	540,000
Exercisable (in shares)	450,000	540,000
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)	370,000	430,000
Exercisable (in shares)	370,000	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)	1,140,000	1,260,000
Exercisable (in shares)	1,140,000	1,260,000
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)	598,000	637,000
Exercisable (in shares)	598,000	637,000
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	30,000
Exercise Price March 21, 2024
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise Price (in Canadian dollars per share)	$ 0.61	$ 0
Number of Options (in shares)	420,085	0
Exercisable (in shares)	420,085	0
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	$ 1.35
Number of Options (in shares)	250,000	250,000
Exercisable (in shares)	166,667	83,333

SHARE CAPITAL (Details 2)

SHARE CAPITAL (Details 2)	3 Months Ended
	Mar. 31, 2018$ / sharesshares
Number of options
Balance, beginning of the year (in shares) | shares	166,667
Granted (in shares) | shares	420,085
Vested (in shares) | shares	(503,419)
Balance, end of the year (in shares) | shares	83,333
Weighted average grant-date fair value
Balance, beginning of the year (in Canadian dollars per share) | $ / shares	$ 0.40
Granted (in Canadian dollars per share) | $ / shares	0.48
Vested (in Canadian dollars per share) | $ / shares	0.47
Balance, end of the year (in Canadian dollars per share) | $ / shares	$ 0.40

SHARE CAPITAL (Details 3)

SHARE CAPITAL (Details 3)	3 Months Ended
	Mar. 31, 2018$ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life of options	6 years
Risk-free interest rate	2.12%
Annualized volatility	93.67%
Dividend rate	0.00%
Exercise price (C$)	$ 0.61

SHARE CAPITAL (Details 4)

SHARE CAPITAL (Details 4) - Deferred Share Unit Incentive Plan [Member] - $ / shares	3 Months Ended	12 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Balance, beginning of the period	648,435	0
Issued	0	778,122
Exercised	0	(129,687)
Balance, end of the period	648,435	648,435
Balance, beginning of the period	$ 0.62	$ 0.62
Issued	0	0.62
Exercised	0	0.62
Balance, end of the period	$ 0.62	$ 0.62

SHARE CAPITAL (Details Textual)

SHARE CAPITAL (Details Textual)	Nov. 06, 2017USD ($)shares	Mar. 27, 2018shares	Mar. 21, 2018$ / sharesshares	Mar. 13, 2018USD ($)$ / sharesshares	Oct. 23, 2017CAD ($)$ / sharesshares	Mar. 31, 2018USD ($)shares	Mar. 31, 2018USD ($)$ / sharesshares	Mar. 31, 2017USD ($)	Dec. 31, 2017USD ($)shares	Dec. 31, 2017USD ($)$ / sharesshares	Mar. 31, 2018CAD ($)shares	Nov. 06, 2017CAD ($)
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						186,522,683	186,522,683		162,392,996	162,392,996	186,522,683
Common Stock, Shares, Outstanding | shares						186,522,683	186,522,683		162,392,996	162,392,996	186,522,683
Stock Issued During Period, Shares, New Issues | shares				24,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | shares			420,085			420,085
Allocated Share-based Compensation Expense | $						$ 174,167
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options | $											$ 22,130
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition						10 months 2 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term						4 years 8 months 23 days
Payments of Stock Issuance Costs | $						$ 37,022		$ 45,000
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price | $ / shares			$ 0.61
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
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Date			Mar. 21, 2024
Common Stock, Value, Subscriptions | $						$ 0	$ 0		$ 63,593	$ 63,593
Share-based Compensation | $						174,167		$ 12,959
Shares Issued, Price Per Share | $ / shares				$ 0.50
Stock Issued During Period, Value, New Issues | $				$ 12,000,000		$ 12,063,593			$ 99,492
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage			100.00%
Deferred Share Unit Incentive Plan [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			$ 0.62
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
Mark Hamilton [Member]
Stockholders Equity [Line Items]
Stock Issued During Period, Shares, New Issues | shares		129,687
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]
Stock Issued During Period, Shares, New Issues | shares				24,000,000
Payments of Stock Issuance Costs | $				$ 83,478
Shares Issued, Price Per Share | $ / shares				$ 0.50
Stock Issued During Period, Value, New Issues | $				$ 12,000,000

SEGMENT AND GEOGRAPHIC INFORM37

SEGMENT AND GEOGRAPHIC INFORMATION (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Segment Reporting Information [Line Items]
Capitalized acquisition costs	$ 55,204,041		$ 55,204,041
Property and equipment	20,031		20,794
Current assets	13,322,981		2,422,196
Total assets	68,547,053		57,647,031
Net loss for the period	(1,065,220)	$ (1,677,977)	(4,754,080)
CANADA
Segment Reporting Information [Line Items]
Capitalized acquisition costs	0		0
Property and equipment	8,422		8,501
Current assets	12,735,707		1,794,494
Total assets	12,744,129		1,802,995
Net loss for the period	(451,693)	(429,819)
UNITED STATES
Segment Reporting Information [Line Items]
Capitalized acquisition costs	55,204,041		55,204,041
Property and equipment	11,609		12,293
Current assets	587,274		627,702
Total assets	55,802,924		$ 55,844,036
Net loss for the period	$ (613,527)	$ (1,248,158)

COMMITMENTS (Details)

COMMITMENTS (Details)	Mar. 31, 2018USD ($)
Recorded Unconditional Purchase Obligation [Line Items]
2,018	$ 499,493
2,019	544,513
2,020	549,608
2,021	554,780
2,022	560,029
2023 and beyond	565,357
Total	3,273,780
Mineral Property Leases Obligation [Member]
Recorded Unconditional Purchase Obligation [Line Items]
2,018	384,668	[1]
2,019	429,688	[1]
2,020	434,783	[1]
2,021	439,955	[1]
2,022	445,204	[1]
2023 and beyond	450,532	[1]
Total	2,584,830	[1]
Mining Claim Government Fees Obligation [Member]
Recorded Unconditional Purchase Obligation [Line Items]
2,018	114,825
2,019	114,825
2,020	114,825
2,021	114,825
2,022	114,825
2023 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 level of work that 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)	1 Months Ended	3 Months Ended
	Dec. 31, 2011	Mar. 31, 2018
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%