International Tower Hill Mines (THM) 10-Q 8 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2019	Apr. 30, 2019
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Entity Registrant Name	INTERNATIONAL TOWER HILL MINES LTD
Entity Central Index Key	0001134115
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Trading Symbol	THM
Entity Common Stock, Shares Outstanding		187,111,857
Entity Emerging Growth Company	false
Entity Small Business	true

CONDENSED CONSOLIDATED INTERIM

CONDENSED CONSOLIDATED INTERIM BALANCE SHEETS - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Current
Cash and cash equivalents	$ 9,534,251	$ 10,228,964
Prepaid expenses and other	144,914	203,968
Total current assets	9,679,165	10,432,932
Property and equipment	17,171	17,750
Capitalized acquisition costs	55,273,432	55,273,432
Total assets	64,969,768	65,724,114
Current liabilities
Accounts payable	119,183	43,475
Accrued liabilities	223,371	504,478
Total liabilities	342,554	547,953
Shareholders' equity
Share capital, no par value; authorized 500,000,000 shares; 186,990,683 and 187,111,857 shares issued and outstanding at December 31, 2018 and March 31, 2019, respectively	277,968,209	277,852,672
Contributed surplus	34,910,695	34,960,292
Accumulated other comprehensive income	1,368,925	1,162,900
Deficit	(249,620,615)	(248,799,703)
Total shareholders' equity	64,627,214	65,176,161
Total liabilities and shareholders' equity	$ 64,969,768	$ 65,724,114

CONDENSED CONSOLIDATED INTERI_2

CONDENSED CONSOLIDATED INTERIM BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2019	Dec. 31, 2018
Stockholders' Equity, Number of Shares, Par Value and Other Disclosures [Abstract]
Common Stock, No Par Value	$ 0	$ 0
Common Stock, Shares Authorized	500,000,000	500,000,000
Common Stock, Shares, Issued	187,111,857	186,990,683
Common Stock, Shares, Outstanding	187,111,857	186,990,683

CONDENSED CONSOLIDATED INTERI_3

CONDENSED CONSOLIDATED INTERIM STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Operating expenses
Consulting fees	$ 43,871	$ 53,715
Depreciation	579	762
Insurance	29,838	71,450
Investor relations	13,916	18,507
Mineral property exploration	250,591	204,212
Office	4,812	9,464
Other	3,049	4,281
Professional fees	47,461	51,963
Regulatory	62,813	58,683
Rent	33,933	33,932
Travel	2,957	18,289
Wages and benefits	155,751	527,663
Total operating expenses	(649,571)	(1,052,921)
Other income (expenses)
Loss on foreign exchange	(203,538)	(27,447)
Interest income	32,197	1,363
Other income	0	13,785
Total other income (expenses)	(171,341)	(12,299)
Net loss for the period	(820,912)	(1,065,220)
Other comprehensive income (loss)
Unrealized loss on marketable securities	0	(3,085)
Exchange difference on translating foreign operations	206,025	24,862
Total other comprehensive income (loss) for the period	206,025	21,777
Comprehensive loss for the period	$ (614,887)	$ (1,043,443)
Basic and diluted loss per share	$ 0	$ (0.01)
Weighted average number of shares outstanding – basic and diluted	187,045,309	167,198,760

CONDENSED CONSOLIDATED INTERI_4

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, 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	12,063,593	$ 12,063,593	0	0	0	0
Share issuance (in shares)		24,129,687
Share issuance costs	(83,478)	$ (83,478)	0	0	0	0
Obligation to issue shares	(63,593)	0	0	(63,593)	0	0
Stock-based compensation-option	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
Net loss	(1,065,220)	0	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
Exercise of options	181,026	$ 181,026	0	0	0	0
Exercise of options (in shares)		468,000
Share issuance costs	(27,901)	$ (27,901)	0	0	0	0
Reallocation from contributed surplus	0	102,790	(102,790)	0	0	0
Stock-based compensation-option	15,229	0	15,229	0	0	0
Stock based compensation-DSU	414,422	0	414,422	0	0	0
Unrealized gain/(loss) on available-for-sale securities	1,559	0	0	0	1,559	0
Reclassification of accumulated unrealized loss on available-for-sale securities to other income	22,352	0	0	0	22,352	0
Exchange difference on translating foreign operations	(569,147)	0	0	0	(569,147)	0
Net loss	(3,126,818)	0	0	0	0	(3,126,818)
Balance at Dec. 31, 2018	65,176,161	$ 277,852,672	34,960,292	0	1,162,900	(248,799,703)
Balance (in shares) at Dec. 31, 2018		186,990,683
Exercise of options	64,254	$ 64,254	0	0	0	0
Exercise of options (in shares)		121,174
Reallocation from contributed surplus	0	$ 51,283	(51,283)	0	0	0
Stock-based compensation-option	1,686	0	1,686	0	0	0
Unrealized gain/(loss) on available-for-sale securities	0
Exchange difference on translating foreign operations	206,025	0	0	0	206,025	0
Net loss	(820,912)	0	0	0	0	(820,912)
Balance at Mar. 31, 2019	$ 64,627,214	$ 277,968,209	$ 34,910,695	$ 0	$ 1,368,925	$ (249,620,615)
Balance (in shares) at Mar. 31, 2019		187,111,857

CONDENSED CONSOLIDATED INTERI_5

CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Operating Activities
Loss for the period	$ (820,912)	$ (1,065,220)
Add items not affecting cash:
Depreciation	579	762
Stock-based compensation	1,686	174,167
Changes in non-cash items:
Accounts receivable	90,701	(3,689)
Prepaid expenses and other	(28,208)	26,027
Accounts payable and accrued liabilities	(206,606)	(190,470)
Cash used in operating activities	(962,760)	(1,058,423)
Financing Activities
Issuance of common shares	64,254	12,000,000
Share issuance costs	0	(37,022)
Cash provided by financing activities	64,254	11,962,978
Effect of foreign exchange on cash	203,793	25,212
Increase (decrease) in cash and cash equivalents	(694,713)	10,929,767
Cash and cash equivalents, beginning of the period	10,228,964	2,244,466
Cash and cash equivalents, end of the period	$ 9,534,251	$ 13,174,233

GENERAL INFORMATION AND NATURE

GENERAL INFORMATION AND NATURE OF OPERATIONS	3 Months Ended
	Mar. 31, 2019
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), and Livengood Placers, Inc. (“LPI”) (a Nevada 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, 2019, the Company controls a 100% interest in its Livengood Gold Project, an exploration-stage project in Alaska, U.S.A. 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, 2019, the Company had cash and cash equivalents of $9,534,251 compared to $10,228,964 at December 31, 2018. The Company has no revenue generating operations from which it can internally generate funds. 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, 2019
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, 2018 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, 2019 and the results of its operations for the three months then ended. Operating results for the three months ended March 31, 2019 are not necessarily indicative of the results that may be expected for the year ending December 31, 2019. The 2018 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 7, 2019, 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, and LPI. All intercompany transactions and balances have been eliminated.

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	3 Months Ended
	Mar. 31, 2019
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.

CAPITALIZED ACQUISITION COSTS

CAPITALIZED ACQUISITION COSTS	3 Months Ended
	Mar. 31, 2019
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, 2018 $ 55,273,432 Acquisition costs - Balance, March 31, 2019 $ 55,273,432 The following table presents costs incurred for exploration and evaluation activities for the three months ended March 31, 2019 and 2018: March 31, 2019 March 31, 2018 Exploration costs: Environmental $ 31,407 $ 35,912 Equipment rental 12,491 9,052 Field costs 40,274 47,400 Geological/geophysical 92,673 48,644 Land maintenance & tenure 44,602 40,392 Legal 28,813 22,414 Transportation and travel 331 398 Total expenditures for the period $ 250,591 $ 204,212 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 years until June 30, 2023, subject to further extensions beyond June 30, 2023 by either commercial production or payment of an advance minimum royalty equal to 125% of the amount paid in year 19 and diligent pursuit of development. The lease requires minimum work expenditures and advance minimum royalties (all of which minimum royalties are recoverable from production royalties) which escalate annually with inflation. A net smelter return (“NSR”) production royalty of between 2.5% and 5.0% (depending upon the price of gold) is payable to the lessor with respect to the lands subject to this lease. In addition, an NSR production royalty of l% is payable to the lessor with respect to the unpatented federal mining claims subject to the lease described in b) below and an NSR production royalty of between 0.5% and 1.0% (depending upon the price of gold) is payable to the lessor with respect to the lands acquired by the Company as a result of the purchase of Livengood Placers, Inc. in December 2011. During the three months ended March 31, 2019 and from the inception of this lease, the Company has paid $Nil and $2,962,821, respectively. b) a lease of federal unpatented lode mining claims having an initial term of ten years commencing on April 21, 2003 and continuing for so long thereafter as advance minimum royalties are paid and mining related activities, including exploration, continue on the property or on adjacent properties controlled by the Company. The lease requires an advance minimum royalty of $50,000 on or before each anniversary date (all of which minimum royalties are recoverable from production royalties). An NSR production royalty of between 2% and 3% (depending on the price of gold) is payable to the lessors. The Company may purchase 1% of the royalty for $1,000,000. During the three months ended March 31, 2019 and from the inception of this lease, the Company has paid $Nil and $730,000, respectively. 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 on or before each anniversary date through January 18, 2017 and $25,000 on or before each subsequent anniversary (all of which minimum royalties are recoverable from production royalties). An NSR production royalty of 3% is payable to the lessors. The Company may purchase all interests of the lessors in the leased property (including the production royalty) for $1,000,000 (less all minimum and production royalties paid to the date of purchase), of which $500,000 is payable in cash over four years following the closing of the purchase and the balance of $500,000 is payable by way of the 3% NSR production royalty. During the three months ended March 31, 2019 and from the inception of this lease, the Company has paid $25,000 and $235,000, respectively. d) a lease of unpatented federal lode mining and federal unpatented placer claims having an initial term of ten years commencing on March 28, 2007, and continuing for so long thereafter as advance minimum royalties are paid and mining related activities, including exploration, continue on the property or on adjacent properties controlled by the Company. The lease requires an advance minimum royalty of $15,000 on or before each anniversary date (all of which minimum royalties are recoverable from production royalties). The Company is required to pay the lessor the sum of $250,000 upon making a positive production decision, payable $125,000 within 120 days of the decision and $125,000 within a year of the decision (all of which are recoverable from production royalties). An NSR production royalty of 2% is payable to the lessor. The Company may purchase all of the interest of the lessor in the leased property (including the production royalty) for $1,000,000. During the three months ended March 31, 2019 and from the inception of this lease, the Company has paid $15,000 and $158,000, respectively. 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, 2019
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, 2019 and December 31, 2018. March 31, 2019 December 31, 2018 Accrued liabilities $ 209,834 $ 172,147 Accrued salaries and benefits 13,537 332,331 Total accrued liabilities $ 223,371 $ 504,478 Accrued liabilities at March 31, 2019 include accruals for general corporate costs and project costs of $23,912 and $185,922, respectively. Accrued liabilities at December 31, 2018 include accruals for general corporate costs and project costs of $35,176 and $136,971, respectively.

SHARE CAPITAL

SHARE CAPITAL	3 Months Ended
	Mar. 31, 2019
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	6. SHARE CAPITAL Authorized 500,000,000 common shares without par value. At December 31, 2018 and March 31, 2019, there were 186,990,683 and 187,111,857 shares issued and outstanding, respectively. Share issuances During the three months ended March 31, 2019, the Company issued 121,174 common shares pursuant to the exercise of stock options for total proceeds of $64,254 and transferred related contributed surplus of $51,283 to share capital. Stock options The Company adopted an incentive stock option plan in 2006, as amended September 19, 2012 and reapproved by the Company’s shareholders on May 28, 2015 and May 30, 2018 (the “2006 Plan”). The essential elements of the 2006 Plan provide that the aggregate number of common shares of the Company’s capital stock that may be issued pursuant to options granted under the 2006 Plan may not exceed 10% of the number of issued shares of the Company at the time of the granting of the options. Options granted under the 2006 Plan will have a maximum term of ten years. The exercise price of options granted under the 2006 Plan shall be fixed in compliance with the applicable provisions of the TSX Company Manual in force at the time of grant and, in any event, shall not be less than the closing price of the Company’s common shares on the TSX on the trading day immediately preceding the day on which the option is granted, or such other price as may be agreed to by the Company and accepted by the TSX. Options granted under the 2006 Plan vest immediately, unless otherwise determined by the directors at the date of grant. A summary of the status of the 2006 Plan as of March 31, 2019 and December 31, 2018 and changes is presented below: Three Months Ended Year Ended March 31, 2019 December 31, 2018 Number of Options Weighted Average Exercise Price (C$) Aggregate Intrinsic Value (C$) Number of Options Weighted Average Exercise Price (C$) Aggregate Intrinsic Value (C$) Balance, beginning of the period 3,655,991 $ 0.98 4,477,000 $ 1.03 Granted - - 420,085 0.61 Exercised (121,174 ) 0.70 (468,000 ) 0.50 Expired - - (269,000 ) 2.18 Cancelled - - (504,094 ) 0.95 Balance, end of the period 3,534,817 $ 0.99 $ 59,734 3,655,991 $ 0.98 $ 67,899 The weighted average remaining life of options outstanding at March 31, 2019 was 3.73 years. Stock options outstanding are as follows: March 31, 2019 December 31, 2018 Expiry Date Exercise Price (C$) Number of Options Exercisable Exercise Price (C$) Number of Options Exercisable February 25, 2022 $ 1.11 970,000 970,000 $ 1.11 970,000 970,000 February 25, 2022 $ 0.73 270,000 270,000 $ 0.73 360,000 360,000 March 10, 2022 $ 1.11 370,000 370,000 $ 1.11 370,000 370,000 March 16, 2023 $ 1.00 1,140,000 1,140,000 $ 1.00 1,140,000 1,140,000 March 16, 2023 $ 0.50 130,000 130,000 $ 0.50 130,000 130,000 June 9, 2023 $ 1.00 30,000 30,000 $ 1.00 30,000 30,000 March 21, 2024 $ 0.61 374,817 374,817 $ 0.61 405,991 405,991 February 1, 2025 $ 1.35 250,000 250,000 $ 1.35 250,000 166,667 3,534,817 3,534,817 3,655,991 3,572,658 A summary of the non-vested options as of March 31, 2019 and changes during the three months ended March 31, 2019 is as follows: Non-vested options: Number of options Weighted average grant- date fair value (C$) Outstanding at December 31, 2018 83,333 $ 0.40 Vested (83,333 ) $ 0.40 Outstanding at March 31, 2019 - - At March 31, 2019, there was no unrecognized compensation expense related to non-vested options outstanding. Share-based payments During the three month period ended March 31, 2019, there were no stock options granted by the Company. Share-based payment charges for the three months ended March 31, 2019 totaled $1,686 During the three month period ended March 31, 2018, there were 420,085 stock options granted by the Company. Share-based payment charges for the three months ended March 31, 2018 totaled $174,167. 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 may 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). During the year ended December 31, 2018, in accordance with the Company’s DSU Plan, on October 17, 2018 the Company granted each of the members of the Board of Directors (other than those directors nominated for election by Paulson & Co., Inc.) 101,220 DSUs with a grant date fair value (defined as the weighted average of the prices at which the common shares traded on the exchange with the most volume for the five trading days immediately preceding the grant) of C$0.82 per grant, or an aggregate of C$581,003. The DSUs entitle the holders to receive common shares of the Company’s stock without the payment of any consideration. The DSUs vested immediately upon being granted but the common shares of stock underlying the DSUs are not deliverable to the grantee until the grantee is no longer serving on the Company’s Board of Directors. DSUs outstanding are as follows: Three Months Ended Year Ended March 31, 2019 December 31, 2018 Number of Units Weighted Average Exercise Price (C$) Number of Units Weighted Average Exercise Price (C$) Balance, beginning of the period 1,356,975 $ 0.72 648,435 $ 0.62 Issued - - 708,540 $ 0.82 Balance, end of the period 1,356,975 $ 0.72 1,356,975 $ 0.72

SEGMENT AND GEOGRAPHIC INFORMAT

SEGMENT AND GEOGRAPHIC INFORMATION	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	7. SEGMENT AND GEOGRAPHIC INFORMATION The Company operates in a single reportable segment, being the exploration and development of mineral properties. The following tables present selected financial information by geographic location: Canada United States Total March 31, 2019 Capitalized acquisition costs $ - $ 55,273,432 $ 55,273,432 Property and equipment 8,138 9,033 17,171 Current assets 9,216,774 462,391 9,679,165 Total assets $ 9,224,912 $ 55,744,856 $ 64,969,768 December 31, 2018 Capitalized acquisition costs $ - $ 55,273,432 $ 55,273,432 Property and equipment 8,191 9,559 17,750 Current assets 9,928,115 504,817 10,432,932 Total assets $ 9,936,306 $ 55,787,808 $ 65,724,114 Three months ended March 31, 2019 March 31, 2018 Net loss for the period – Canada $ (346,379 ) $ (451,693 ) Net loss for the period – United States (474,533 ) (613,527 ) Net loss for the period $ (820,912 ) $ (1,065,220 )

COMMITMENTS

COMMITMENTS	3 Months Ended
	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments Disclosure [Text Block]	8. COMMITMENTS The following table discloses, as of March 31, 2019, 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. 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 2019 2020 2021 2022 2023 2024 and beyond Total Mineral Property Leases (1) $ 385,389 $ 430,420 $ 435,526 $ 440,709 $ 445,970 $ 451,310 $ 2,589,324 Mining Claim Government Fees 114,825 114,825 114,825 114,825 114,825 114,825 688,950 Total $ 500,214 $ 545,245 $ 550,351 $ 555,534 $ 560,795 $ 566,135 $ 3,278,274 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.

CAPITALIZED ACQUISITION COSTS (

CAPITALIZED ACQUISITION COSTS (Tables)	3 Months Ended
	Mar. 31, 2019
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, 2018 $ 55,273,432 Acquisition costs - Balance, March 31, 2019 $ 55,273,432
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, 2019 and 2018: March 31, 2019 March 31, 2018 Exploration costs: Environmental $ 31,407 $ 35,912 Equipment rental 12,491 9,052 Field costs 40,274 47,400 Geological/geophysical 92,673 48,644 Land maintenance & tenure 44,602 40,392 Legal 28,813 22,414 Transportation and travel 331 398 Total expenditures for the period $ 250,591 $ 204,212

ACCRUED LIABILITIES (Tables)

ACCRUED LIABILITIES (Tables)	3 Months Ended
	Mar. 31, 2019
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities [Table Text Block]	The following table presents the accrued liabilities balances at March 31, 2019 and December 31, 2018. March 31, 2019 December 31, 2018 Accrued liabilities $ 209,834 $ 172,147 Accrued salaries and benefits 13,537 332,331 Total accrued liabilities $ 223,371 $ 504,478

SHARE CAPITAL (Tables)

SHARE CAPITAL (Tables)	3 Months Ended
	Mar. 31, 2019
Stockholders' Equity Note [Abstract]
Share-based Compensation, Stock Options, Activity [Table Text Block]	A summary of the status of the 2006 Plan as of March 31, 2019 and December 31, 2018 and changes is presented below: Three Months Ended Year Ended March 31, 2019 December 31, 2018 Number of Options Weighted Average Exercise Price (C$) Aggregate Intrinsic Value (C$) Number of Options Weighted Average Exercise Price (C$) Aggregate Intrinsic Value (C$) Balance, beginning of the period 3,655,991 $ 0.98 4,477,000 $ 1.03 Granted - - 420,085 0.61 Exercised (121,174 ) 0.70 (468,000 ) 0.50 Expired - - (269,000 ) 2.18 Cancelled - - (504,094 ) 0.95 Balance, end of the period 3,534,817 $ 0.99 $ 59,734 3,655,991 $ 0.98 $ 67,899
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, 2019 December 31, 2018 Expiry Date Exercise Price (C$) Number of Options Exercisable Exercise Price (C$) Number of Options Exercisable February 25, 2022 $ 1.11 970,000 970,000 $ 1.11 970,000 970,000 February 25, 2022 $ 0.73 270,000 270,000 $ 0.73 360,000 360,000 March 10, 2022 $ 1.11 370,000 370,000 $ 1.11 370,000 370,000 March 16, 2023 $ 1.00 1,140,000 1,140,000 $ 1.00 1,140,000 1,140,000 March 16, 2023 $ 0.50 130,000 130,000 $ 0.50 130,000 130,000 June 9, 2023 $ 1.00 30,000 30,000 $ 1.00 30,000 30,000 March 21, 2024 $ 0.61 374,817 374,817 $ 0.61 405,991 405,991 February 1, 2025 $ 1.35 250,000 250,000 $ 1.35 250,000 166,667 3,534,817 3,534,817 3,655,991 3,572,658
Schedule of Nonvested Share Activity [Table Text Block]	A summary of the non-vested options as of March 31, 2019 and changes during the three months ended March 31, 2019 is as follows: Non-vested options: Number of options Weighted average grant- date fair value (C$) Outstanding at December 31, 2018 83,333 $ 0.40 Vested (83,333 ) $ 0.40 Outstanding at March 31, 2019 - -
Schedule of Other Share-based Compensation, Activity [Table Text Block]	DSUs outstanding are as follows: Three Months Ended Year Ended March 31, 2019 December 31, 2018 Number of Units Weighted Average Exercise Price (C$) Number of Units Weighted Average Exercise Price (C$) Balance, beginning of the period 1,356,975 $ 0.72 648,435 $ 0.62 Issued - - 708,540 $ 0.82 Balance, end of the period 1,356,975 $ 0.72 1,356,975 $ 0.72

SEGMENT AND GEOGRAPHIC INFORM_2

SEGMENT AND GEOGRAPHIC INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2019
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, 2019 Capitalized acquisition costs $ - $ 55,273,432 $ 55,273,432 Property and equipment 8,138 9,033 17,171 Current assets 9,216,774 462,391 9,679,165 Total assets $ 9,224,912 $ 55,744,856 $ 64,969,768 December 31, 2018 Capitalized acquisition costs $ - $ 55,273,432 $ 55,273,432 Property and equipment 8,191 9,559 17,750 Current assets 9,928,115 504,817 10,432,932 Total assets $ 9,936,306 $ 55,787,808 $ 65,724,114 Three months ended March 31, 2019 March 31, 2018 Net loss for the period – Canada $ (346,379 ) $ (451,693 ) Net loss for the period – United States (474,533 ) (613,527 ) Net loss for the period $ (820,912 ) $ (1,065,220 )

COMMITMENTS (Tables)

COMMITMENTS (Tables)	3 Months Ended
	Mar. 31, 2019
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 2019 2020 2021 2022 2023 2024 and beyond Total Mineral Property Leases (1) $ 385,389 $ 430,420 $ 435,526 $ 440,709 $ 445,970 $ 451,310 $ 2,589,324 Mining Claim Government Fees 114,825 114,825 114,825 114,825 114,825 114,825 688,950 Total $ 500,214 $ 545,245 $ 550,351 $ 555,534 $ 560,795 $ 566,135 $ 3,278,274 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 NATUR_2

GENERAL INFORMATION AND NATURE OF OPERATIONS (Details Textual) - USD ($)	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
General Information Nature And Continuance Of Operations [Line Items]
Cash and Cash Equivalents, at Carrying Value	$ 9,534,251	$ 10,228,964	$ 13,174,233	$ 2,244,466
Livengood Property Purchase Obligation [Member]
General Information Nature And Continuance Of Operations [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent	100.00%

CAPITALIZED ACQUISITION COSTS_2

CAPITALIZED ACQUISITION COSTS (Details)	3 Months Ended
	Mar. 31, 2019USD ($)
Costs Incurred, Oil and Gas Property Acquisition, Exploration, and Development Activities [Line Items]
Balance, at the beginning of the period	$ 55,273,432
Acquisition costs	0
Balance, at the end of the period	$ 55,273,432

CAPITALIZED ACQUISITION COSTS_3

CAPITALIZED ACQUISITION COSTS (Details 1) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Exploration costs:
Environmental	$ 31,407	$ 35,912
Equipment rental	12,491	9,052
Field costs	40,274	47,400
Geological/geophysical	92,673	48,644
Land maintenance & tenure	44,602	40,392
Legal	28,813	22,414
Transportation and travel	331	398
Total expenditures for the period	$ 250,591	$ 204,212

CAPITALIZED ACQUISITION COSTS_4

CAPITALIZED ACQUISITION COSTS (Details Textual) - Livengood Property [Member]	3 Months Ended
	Mar. 31, 2019USD ($)
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	$ 2,962,821
Minimum Royalty Payment Percentage	125.00%
Lessor, Operating Lease, Renewal Term	19 years
Lessor, Operating Lease, Term of Contract	19 years
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%
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%
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%
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%
Federal Unpatented Lode Mining Claims [Member]
Costs Incurred, Oil and Gas Property Acquisition, Exploration, and Development Activities [Line Items]
Advance Royalties	$ 50,000
Mining Properties Lease Operating Expense	$ 730,000
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
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%
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
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%
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
Advance Royalties	25,000
Payments for Royalties	1,000,000
Mining Properties Lease Operating Expense	$ 235,000
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%
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
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
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	158,000
Unpatented Federal Lode Mining And Federal Unpatented Placer Claims [Member] | On or Befor Each Anniversary [Member]
Costs Incurred, Oil and Gas Property Acquisition, Exploration, and Development Activities [Line Items]
Advance Royalties	15,000
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%
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, 2019	Dec. 31, 2018
Accrued Liabilities [Line Items]
Accrued liabilities	$ 209,834	$ 172,147
Accrued salaries and benefits	13,537	332,331
Total accrued liabilities	$ 223,371	$ 504,478

ACCRUED LIABILITIES (Details Te

ACCRUED LIABILITIES (Details Textual) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Accrued Liabilities [Line Items]
Accrued General Corporate Cost Current	$ 23,912	$ 35,176
Accrued Project Cost Current	$ 185,922	$ 136,971

SHARE CAPITAL (Details)

SHARE CAPITAL (Details) - Employee Stock Option [Member] - CAD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Number of Options
Balance, beginning of the period	3,655,991	4,477,000	4,477,000
Granted	0	420,085	420,085
Exercised	(121,174)		(468,000)
Expired	0		(269,000)
Cancelled	0		(504,094)
Balance, end of the period	3,534,817		3,655,991
Weighted Average Excercise Price
Balance, beginning of the period	$ 0.98	$ 1.03	$ 1.03
Granted	0		0.61
Exercised	0.70		0.50
Expired	0		2.18
Cancelled	0		0.95
Balance, end of the period	$ 0.99		$ 0.98
Aggregate Intrinsic Value
Balance, end of the period	$ 59,734		$ 67,899

SHARE CAPITAL (Details 1)

SHARE CAPITAL (Details 1)	Mar. 31, 2019$ / sharesshares	Mar. 31, 2019$ / sharesshares	Dec. 31, 2018$ / sharesshares	Dec. 31, 2018$ / sharesshares
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of Options (in shares)	3,534,817	3,534,817	3,655,991	3,655,991
Exercisable (in shares)	3,534,817	3,534,817	3,572,658	3,572,658
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) | $ / shares		$ 1.11		$ 1.11
Number of Options (in shares)	970,000	970,000	970,000	970,000
Exercisable (in shares)	970,000	970,000	970,000	970,000
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) | $ / shares		$ 0.73		$ 0.73
Number of Options (in shares)	270,000	270,000	360,000	360,000
Exercisable (in shares)	270,000	270,000	360,000	360,000
Exercise Price March 10, 2022 $ 1.11
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise Price (in Canadian dollars per share) | $ / shares		$ 1.11		$ 1.11
Number of Options (in shares)	370,000	370,000	370,000	370,000
Exercisable (in shares)	370,000	370,000	370,000	370,000
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) | $ / shares		$ 1		$ 1
Number of Options (in shares)	1,140,000	1,140,000	1,140,000	1,140,000
Exercisable (in shares)	1,140,000	1,140,000	1,140,000	1,140,000
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) | $ / shares		$ 0.50		$ 0.50
Number of Options (in shares)	130,000	130,000	130,000	130,000
Exercisable (in shares)	130,000	130,000	130,000	130,000
Exercise Price June 9, 2023 $ 1.00
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise Price (in Canadian dollars per share) | $ / shares		$ 1		$ 1
Number of Options (in shares)	30,000	30,000	30,000	30,000
Exercisable (in shares)	30,000	30,000	30,000	30,000
Exercise Price March 21, 2024 $ 0.61
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise Price (in Canadian dollars per share) | $ / shares	$ 0.61		$ 0.61
Number of Options (in shares)	374,817	374,817	405,991	405,991
Exercisable (in shares)	374,817	374,817	405,991	405,991
Exercise Price February 1, 2025 $ 1.35
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise Price (in Canadian dollars per share) | $ / shares		$ 1.35		$ 1.35
Number of Options (in shares)	250,000	250,000	250,000	250,000
Exercisable (in shares)	250,000	250,000	166,667	166,667

SHARE CAPITAL (Details 2)

SHARE CAPITAL (Details 2)	3 Months Ended
	Mar. 31, 2019$ / sharesshares
Number of options
Balance, beginning of the year (in shares) | shares	83,333
Vested (in shares) | shares	(83,333)
Balance, end of the year (in shares) | shares	0
Weighted average grant-date fair value
Balance, beginning of the year (in Canadian dollars per share) | $ / shares	$ 0.40
Vested (in Canadian dollars per share) | $ / shares	0.40
Balance, end of the year (in Canadian dollars per share) | $ / shares	$ 0

SHARE CAPITAL (Details 3)

SHARE CAPITAL (Details 3) - Deferred Share Unit Incentive Plan [Member] - $ / shares	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Balance, beginning of the period	1,356,975	648,435
Issued	0	708,540
Balance, end of the period	1,356,975	1,356,975
Balance, beginning of the period	$ 0.72	$ 0.62
Issued	0	0.82
Balance, end of the period	$ 0.72	$ 0.72

SHARE CAPITAL (Details Textual)

SHARE CAPITAL (Details Textual)	1 Months Ended	3 Months Ended			9 Months Ended	12 Months Ended
	Oct. 17, 2018CAD ($)$ / sharesshares	Mar. 31, 2019USD ($)shares	Mar. 31, 2019$ / sharesshares	Mar. 31, 2018USD ($)shares	Dec. 31, 2018USD ($)shares	Dec. 31, 2018$ / sharesshares
Stockholders Equity [Line Items]
Common Stock, Shares Authorized		500,000,000	500,000,000		500,000,000	500,000,000
Common Stock, Shares, Issued		187,111,857	187,111,857		186,990,683	186,990,683
Common Stock, Shares, Outstanding		187,111,857	187,111,857		186,990,683	186,990,683
Allocated Share-based Compensation Expense | $		$ 1,686		$ 174,167
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term		3 years 8 months 23 days
Share Based Compensation Arrangement By Share Based Payment Award Percentage Of Shares Authorized		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 | $	$ 581,003
Stock Issued During Period, Value, Stock Options Exercised | $		$ 64,254			$ 181,026
Employee Stock Option [Member]
Stockholders Equity [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross		0		420,085		420,085
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			$ 0.82
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	$ 0.82
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Shares Obligation	101,220
Plan 2006 [Member]
Stockholders Equity [Line Items]
Share Based Compensation Arrangement By Share Based Payment Award Shares Authorized Percentage		10.00%	10.00%
Mark Hamilton [Member]
Stockholders Equity [Line Items]
Stock Issued During Period, Value, Stock Options Exercised | $		$ 64,254
Reallocations From Contributed Surplus | $		$ 51,283
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period		121,174

SEGMENT AND GEOGRAPHIC INFORM_3

SEGMENT AND GEOGRAPHIC INFORMATION (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Segment Reporting Information [Line Items]
Capitalized acquisition costs	$ 55,273,432		$ 55,273,432
Property and equipment	17,171		17,750
Current assets	9,679,165		10,432,932
Total assets	64,969,768		65,724,114
Net loss for the period	(820,912)	$ (1,065,220)	(3,126,818)
Canada
Segment Reporting Information [Line Items]
Capitalized acquisition costs	0		0
Property and equipment	8,138		8,191
Current assets	9,216,774		9,928,115
Total assets	9,224,912		9,936,306
Net loss for the period	(346,379)	(451,693)
United States
Segment Reporting Information [Line Items]
Capitalized acquisition costs	55,273,432		55,273,432
Property and equipment	9,033		9,559
Current assets	462,391		504,817
Total assets	55,744,856		$ 55,787,808
Net loss for the period	$ (474,533)	$ (613,527)

COMMITMENTS (Details)

COMMITMENTS (Details)	Mar. 31, 2019USD ($)
Recorded Unconditional Purchase Obligation [Line Items]
2019	$ 500,214
2020	545,245
2021	550,351
2022	555,534
2023	560,795
2024 and beyond	566,135
Total	3,278,274
Mineral Property Leases Obligation [Member]
Recorded Unconditional Purchase Obligation [Line Items]
2019	385,389	[1]
2020	430,420	[1]
2021	435,526	[1]
2022	440,709	[1]
2023	445,970	[1]
2024 and beyond	451,310	[1]
Total	2,589,324	[1]
Mining Claim Government Fees Obligation [Member]
Recorded Unconditional Purchase Obligation [Line Items]
2019	114,825
2020	114,825
2021	114,825
2022	114,825
2023	114,825
2024 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.