Entrée Resources (ERLFF) 20-F/A 28 Mar 14 2013 FY Annual report (foreign) (amended) Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Dec. 31, 2013
Document And Entity Information	'
Entity Registrant Name	'ENTREE GOLD INC
Entity Central Index Key	'0001271554
Document Type	'20-F
Document Period End Date	31-Dec-13
Amendment Flag	'false
Current Fiscal Year End Date	'--12-31
Is Entity a Well-known Seasoned Issuer?	'No
Is Entity a Voluntary Filer?	'No
Is Entity's Reporting Status Current?	'Yes
Entity Filer Category	'Smaller Reporting Company
Entity Public Float	$34,478,890
Entity Common Stock, Shares Outstanding	146,734,385
Document Fiscal Period Focus	'FY
Document Fiscal Year Focus	'2013

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2013	Dec. 31, 2012
ASSETS	'	'
Cash and cash equivalents (Note 3)	$46,701,216	$4,255,508
Receivables	203,346	223,722
Prepaid expenses	751,140	779,605
Total current assets	47,655,702	5,258,835
Equipment (Note 5)	288,943	539,567
Mineral property interests (Note 6)	48,806,565	57,616,924
Reclamation deposits	491,808	606,155
Other assets	152,087	152,049
Total assets	97,395,105	64,173,530
LIABILITIES AND STOCKHOLDERS' EQUITY	'	'
Accounts payable and accrued liabilities	1,261,206	559,579
Loans payable to Oyu Tolgoi LLC (Note 7)	5,978,133	5,563,657
Deferred revenue (Note 8)	37,638,211	0
Deferred income tax liabilities (Note 11)	7,340,516	9,722,384
Total liabilities	52,218,066	15,845,620
Stockholders' equity	'	'
Common stock, no par value, unlimited number authorized, (Note 9) 146,734,385 (December 31, 2012 - 128,877,243) issued and outstanding	177,065,075	167,428,814
Additional paid-in capital	20,095,161	18,672,864
Accumulated other comprehensive income (Note 13)	465,615	3,253,019
Accumulated deficit during the exploration stage	-152,448,812	-141,026,787
Total stockholders' equity	45,177,039	48,327,910
Total liabilities and stockholders' equity	$97,395,105	$64,173,530

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Stockholders equity:	'	'
Common stock, par value	$0	$0
Common stock, Unlimited authorized shares	'	'
Common stock, issued shares	146,734,385	128,877,243
Common stock, outstanding shares	146,734,385	128,877,243

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (USD $)	12 Months Ended			213 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2013
EXPENSES	'	'	'	'
Exploration (Note 7)	$6,102,992	$8,234,354	$17,679,174	$99,092,669
General and administration	6,638,262	5,236,226	5,766,102	59,985,511
Consultancy and advisory fees	1,941,130	0	0	1,941,130
Impairment of mineral property interests	437,732	486,746	531,005	1,455,483
Depreciation	102,941	150,654	196,221	1,530,008
Gain on sale of mineral property interests	-451,892	-104,914	-1,574,523	-2,131,329
Foreign exchange loss (gain)	-1,113,728	-187,773	491,504	-1,032,003
Loss from operations	-13,657,437	-13,815,293	-23,089,483	-160,841,469
Gain on sale of investments	0	0	3,326,275	3,326,275
Interest income	431,596	190,449	342,343	5,934,864
Interest expense (Note 5)	-260,453	-229,359	-151,952	-714,771
Loss on equity investee (Note 5)	-146,051	-1,012,156	-2,397,085	-5,076,836
Fair value adjustment of asset backed commercial paper	147,564	0	0	-2,184,967
Loss from operations before income taxes	-13,484,781	-14,866,359	-21,969,902	-159,556,904
Current income tax expense	-319,112	0	-152,190	-471,302
Deferred income tax recovery (expense) (Note 11)	2,381,868	-329,770	4,981,884	7,579,394
Net loss	-11,422,025	-15,196,129	-17,140,208	-152,448,812
Comprehensive loss:	'	'	'	'
Net loss	-11,422,025	-15,196,129	-17,140,208	-152,448,812
Unrealized loss on available for sale securities (Note 12)	0	0	-2,747,997	0
Foreign currency translation adjustment (Note 13)	-2,787,404	1,351,668	-1,101,366	465,615
Comprehensive loss	($14,209,429)	($13,844,461)	($20,989,571)	($151,983,197)
Basic and diluted net loss per share	($0.08)	($0.12)	($0.15)	'
Weighted average number of common shares outstanding	143,847,888	128,650,791	115,978,815	'

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended			213 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES	'	'	'	'
Net loss	($11,422,025)	($15,196,129)	($17,140,208)	($152,448,812)
Items not affecting cash:	'	'	'	'
Depreciation	102,941	150,654	196,221	1,530,008
Stock-based compensation	1,422,297	1,207,878	991,161	24,176,057
Loss from equity investee	146,051	1,012,156	2,397,085	5,076,836
Interest expense	260,453	229,359	151,952	714,771
Deferred income tax expense (recovery)	-2,381,868	329,770	-4,981,884	-7,579,394
Gain on sale of mineral property interest	-451,892	-104,914	-1,574,523	-2,131,329
Impairment of mineral property interests	437,732	486,746	531,005	1,455,483
Gain on sale of investments	0	0	-3,326,275	-3,326,275
Fair value adjustment of asset backed commercial paper	0	0	0	2,332,531
Escrow shares compensation	0	0	0	2,001,832
Mineral property interest paid in stock and warrants	0	0	0	4,052,698
Other items not affecting cash	-875,087	-111,618	-111,807	-941,288
Changes in assets and liabilities:	'	'	'	'
Receivables	6,109	209,098	-126,216	-114,846
Prepaid expenses	-22,569	197,321	165,271	-675,809
Other assets	-3,592	22,913	0	19,321
Accounts payable and accrued liabilities	760,600	-1,235,090	438,197	1,038,004
Deposit on metal credit delivering obligation	40,000,000	0	0	40,000,000
Net cash provided by (used in) operating activities	27,979,150	-12,801,856	-22,390,021	-84,820,212
CASH FLOWS FROM FINANCING ACTIVITIES	'	'	'	'
Proceeds from issuance of capital stock	9,722,897	1,628,583	14,683,949	140,726,891
Share issue costs	-86,636	-108,058	-1,065,065	-4,952,907
Net cash provided by financing activities	9,636,261	1,520,525	13,618,884	135,773,984
CASH FLOWS FROM INVESTING ACTIVITIES	'	'	'	'
Mineral property interests	-50,000	-3,910,000	-777,517	-4,954,610
Reclamation deposits	115,180	-207,962	-62,127	-303,970
Short-term investments	0	5,076,271	-5,076,271	0
Acquisition of equipment	-7,623	-35,893	-223,176	-2,131,235
Proceeds from sale of royalty interest	5,000,000	0	0	5,000,000
Proceeds from sale of mineral property interest	451,892	104,914	1,491,391	2,048,197
Purchase of asset backed commercial paper	0	0	0	-4,031,122
Acquisition of PacMag Metals Limited	0	0	0	-7,465,495
Cash acquired on acquisition	0	0	0	837,263
Proceeds from sale of investments	0	0	5,734,895	5,734,895
Net cash provided by (used in) investing activities	5,509,449	1,027,330	1,087,195	-5,266,077
Effect of foreign currency translation on cash and cash equivalents	-679,152	-2,689	899,971	1,013,521
Change in cash and cash equivalents during the period	42,445,708	-10,256,690	-6,783,971	46,701,216
Cash and cash equivalents, beginning of the year	4,255,508	14,512,198	21,296,169	0
Cash and cash equivalents, end of the year	46,701,216	4,255,508	14,512,198	46,701,216
Cash paid for interest during the period	0	0	0	0
Cash paid for income taxes during the period	$0	$0	$0	($152,190)

CONSOLIDATED_STATEMENT_OF_STOC

CONSOLIDATED STATEMENT OF STOCKHOLDERS EQUITY (USD $)	Common Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Income / Loss	Accumulated Deficit During the Exploration Stage	Total
Beginning Balance - Amount at Jul. 18, 1995	$0	$0	$0	$0	$0
Beginning Balance - Shares at Jul. 18, 1995	0	'	'	'	'
Private Placements, Shares	4,200,000	'	'	'	'
Private Placements, Amount	60,852	'	'	'	60,852
Acquisition of mineral property interests, Shares	3,200,000	'	'	'	'
Acquisition of mineral property interests, Amount	147,520	'	'	'	147,520
Foreign currency translation adjustment	'	'	-756	'	-756
Net loss	'	'	'	-175,714	-175,714
Ending Balance, Amount at Apr. 30, 1996	208,372	'	-756	-175,714	31,902
Ending Balance, Shares at Apr. 30, 1996	7,400,000	'	'	'	'
Private Placements, Shares	3,880,000	'	'	'	'
Private Placements, Amount	274,718	'	'	'	274,718
Foreign currency translation adjustment	'	'	-8,568	'	-8,568
Net loss	'	'	'	-56,250	-56,250
Ending Balance, Amount at Apr. 30, 1997	483,090	'	-9,324	-231,964	241,802
Ending Balance, Shares at Apr. 30, 1997	11,280,000	'	'	'	'
Foreign currency translation adjustment	'	'	-5,216	'	-5,216
Net loss	'	'	'	-33,381	-33,381
Ending Balance, Amount at Apr. 30, 1998	483,090	'	-14,540	-265,345	203,205
Ending Balance, Shares at Apr. 30, 1998	11,280,000	'	'	'	'
Foreign currency translation adjustment	'	'	-3,425	'	-3,425
Net loss	'	'	'	-40,341	-40,341
Ending Balance, Amount at Apr. 30, 1999	483,090	'	-17,965	-305,686	159,439
Ending Balance, Shares at Apr. 30, 1999	11,280,000	'	'	'	'
Exercise of stock options, Shares	1,128,000	'	'	'	'
Exercise of stock options, Value	113,922	'	'	'	113,922
Escrow shares compensation	'	41,593	'	'	41,593
Foreign currency translation adjustment	'	'	-896	'	-896
Net loss	'	'	'	-154,218	-154,218
Ending Balance, Amount at Apr. 30, 2000	597,012	41,593	-18,861	-459,904	159,840
Ending Balance, Shares at Apr. 30, 2000	12,408,000	'	'	'	'
Foreign currency translation adjustment	'	'	-5,627	'	-5,627
Net loss	'	'	'	-18,399	-18,399
Ending Balance, Amount at Apr. 30, 2001	597,012	41,593	-24,488	-478,303	135,814
Ending Balance, Shares at Apr. 30, 2001	12,408,000	'	'	'	'
Foreign currency translation adjustment	'	'	-2,561	'	-2,561
Net loss	'	'	'	-22,490	-22,490
Ending Balance, Amount at Apr. 30, 2002	597,012	41,593	-27,049	-500,793	110,763
Ending Balance, Shares at Apr. 30, 2002	12,408,000	'	'	'	'
Private Placements, Shares	7,500,000	'	'	'	'
Private Placements, Amount	1,351,055	'	'	'	1,351,055
Exercise of warrants, Shares	12,500	'	'	'	'
Exercise of warrants, Value	3,288	'	'	'	3,288
Agent's finder fee, Shares	310,000	'	'	'	'
Agent's finder fee, Value	39,178	'	'	'	39,178
Finder's fee for mineral property interests, Shares	100,000	'	'	'	'
Finder's fee for mineral property interests, Value	35,827	'	'	'	35,827
Debt settlement, Shares	135,416	'	'	'	'
Debt settlement, Amount	45,839	5,252	'	'	51,091
Agent's warrants	'	16,877	'	'	16,877
Escrow shares compensation	'	40,205	'	'	40,205
Stock-based compensation	'	16,660	'	'	16,660
Share issuance costs	-211,207	'	'	'	-211,207
Foreign currency translation adjustment	'	'	73,080	'	73,080
Net loss	'	'	'	-1,073,320	-1,073,320
Ending Balance, Amount at Apr. 30, 2003	1,860,992	120,587	46,031	-1,574,113	453,497
Ending Balance, Shares at Apr. 30, 2003	20,465,916	'	'	'	'
Private Placements, Shares	16,352,942	'	'	'	'
Private Placements, Amount	10,891,160	'	'	'	10,891,160
Exercise of stock options, Shares	35,000	'	'	'	'
Exercise of stock options, Value	18,730	-4,026	'	'	14,704
Exercise of warrants, Shares	3,730,372	'	'	'	'
Exercise of warrants, Value	1,316,664	-6,443	'	'	1,310,221
Agent's corporate finance fee, Shares	100,000	'	'	'	'
Agent's corporate finance fee, Value	64,192	8,384	'	'	72,576
Agent's warrants	'	370,741	'	'	370,741
Escrow shares compensation	'	1,949,878	'	'	1,949,878
Stock-based compensation	'	414,847	'	'	414,847
Share issuance costs	-1,302,715	'	'	'	-1,302,715
Acquisition of mineral property interests, Shares	5,000,000	'	'	'	'
Acquisition of mineral property interests, Amount	3,806,000	'	'	'	3,806,000
Foreign currency translation adjustment	'	'	1,950	'	1,950
Net loss	'	'	'	-12,505,759	-12,505,759
Ending Balance, Amount at Dec. 31, 2003	16,655,023	2,853,968	47,981	-14,079,872	5,477,100
Ending Balance, Shares at Dec. 31, 2003	45,684,230	'	'	'	'
Private Placements, Shares	4,600,000	'	'	'	'
Private Placements, Amount	3,846,521	'	'	'	3,846,521
Exercise of stock options, Shares	50,000	'	'	'	'
Exercise of stock options, Value	26,180	-8,238	'	'	17,942
Exercise of warrants, Shares	533,836	'	'	'	'
Exercise of warrants, Value	186,208	-13,197	'	'	173,011
Warrants issued for cancellation of price guarantee	'	129,266	'	'	129,266
Escrow shares compensation	'	405,739	'	'	405,739
Stock-based compensation	'	1,530,712	'	'	1,530,712
Share issuance costs	-21,026	'	'	'	-21,026
Foreign currency translation adjustment	'	'	132,501	'	132,501
Net loss	'	'	'	-5,528,114	-5,528,114
Ending Balance, Amount at Dec. 31, 2004	20,692,906	4,898,250	180,482	-19,607,986	6,163,652
Ending Balance, Shares at Dec. 31, 2004	50,868,066	'	'	'	'
Private Placements, Shares	7,542,410	'	'	'	'
Private Placements, Amount	13,538,097	'	'	'	13,538,097
Exercise of stock options, Shares	772,000	'	'	'	'
Exercise of stock options, Value	1,238,581	-532,908	'	'	705,673
Exercise of warrants, Shares	10,456,450	'	'	'	'
Exercise of warrants, Value	10,475,291	'	'	'	10,475,291
Escrow shares compensation	'	-435,583	'	'	-435,583
Stock-based compensation	'	5,074,100	'	'	5,074,100
Share issuance costs	-521,798	'	'	'	-521,798
Foreign currency translation adjustment	'	'	1,099,954	'	1,099,954
Net loss	'	'	'	-13,691,767	-13,691,767
Ending Balance, Amount at Dec. 31, 2005	45,423,077	9,003,859	1,280,436	-33,299,753	22,407,619
Ending Balance, Shares at Dec. 31, 2005	69,638,926	'	'	'	'
Membership paid in stock, Shares	4,167	'	'	'	'
Membership paid in stock, Amount	8,870	'	'	'	8,870
Exercise of stock options, Shares	1,215,000	'	'	'	'
Exercise of stock options, Value	1,862,345	-753,628	'	'	1,108,717
Stock-based compensation	'	1,031,683	'	'	1,031,683
Foreign currency translation adjustment	'	'	252,317	'	252,317
Net loss	'	'	'	-9,655,341	-9,655,341
Ending Balance, Amount at Dec. 31, 2006	47,294,292	9,281,914	1,532,753	-42,955,094	15,153,865
Ending Balance, Shares at Dec. 31, 2006	70,858,093	'	'	'	'
Private Placements, Shares	14,428,640	'	'	'	'
Private Placements, Amount	43,826,994	'	'	'	43,826,994
Exercise of stock options, Shares	728,700	'	'	'	'
Exercise of stock options, Value	926,364	-322,880	'	'	603,484
Exercise of warrants, Shares	7,542,408	'	'	'	'
Exercise of warrants, Value	20,392,043	'	'	'	20,392,043
Stock-based compensation	'	1,732,839	'	'	1,732,839
Share issuance costs	-1,981,360	'	'	'	-1,981,360
Acquisition of mineral property interests, Shares	15,000	'	'	'	'
Acquisition of mineral property interests, Amount	33,976	'	'	'	33,976
Foreign currency translation adjustment	'	'	3,539,535	'	3,539,535
Net loss	'	'	'	-11,833,416	-11,833,416
Ending Balance, Amount at Dec. 31, 2007	110,492,309	10,691,873	5,072,288	-54,788,510	71,467,960
Ending Balance, Shares at Dec. 31, 2007	93,572,841	'	'	'	'
Exercise of stock options, Shares	958,057	'	'	'	'
Exercise of stock options, Value	1,447,926	-591,456	'	'	856,470
Stock-based compensation	'	3,672,358	'	'	3,672,358
Share issuance costs	-7,186	'	'	'	-7,186
Acquisition of mineral property interests, Shares	30,000	'	'	'	'
Acquisition of mineral property interests, Amount	60,941	'	'	'	60,941
Foreign currency translation adjustment	'	'	-12,483,218	'	-12,483,218
Net loss	'	'	'	-16,730,278	-16,730,278
Ending Balance, Amount at Dec. 31, 2008	111,993,990	13,772,775	-7,410,930	-71,518,788	46,837,047
Ending Balance, Shares at Dec. 31, 2008	94,560,898	'	'	'	'
Exercise of stock options, Shares	2,355,948	'	'	'	'
Exercise of stock options, Value	4,330,539	-2,050,489	'	'	2,280,050
Stock-based compensation	'	4,183,677	'	'	4,183,677
Acquisition of mineral property interests, Shares	142,500	'	'	'	'
Acquisition of mineral property interests, Amount	275,122	'	'	'	275,122
Foreign currency translation adjustment	'	'	6,930,002	'	6,930,002
Unrealized gain on available for sale securities	'	'	563,481	'	563,481
Net loss	'	'	'	-17,102,254	-17,102,254
Ending Balance, Amount at Dec. 31, 2009	116,599,651	15,905,963	82,553	-88,621,042	43,967,125
Ending Balance, Shares at Dec. 31, 2009	97,059,346	'	'	'	'
Exercise of stock options, Shares	2,122,278	'	'	'	'
Exercise of stock options, Value	4,632,135	-1,932,407	'	'	2,699,728
Acquistion of PacMag, Shares	15,020,801	'	'	'	'
Acquistion of PacMag, Amount	28,325,101	'	'	'	28,325,101
Stock-based compensation	'	2,897,845	'	'	2,897,845
Share issuance costs	-147,228	'	'	'	-147,228
Acquisition of mineral property interests, Shares	152,500	'	'	'	'
Acquisition of mineral property interests, Amount	382,284	'	'	'	382,284
Foreign currency translation adjustment	'	'	3,483,645	'	3,483,645
Unrealized gain on available for sale securities	'	'	2,184,516	'	2,184,516
Net loss	'	'	'	-20,069,408	-20,069,408
Ending Balance, Amount at Dec. 31, 2010	149,791,943	16,871,401	5,750,714	-108,690,450	63,723,608
Ending Balance, Shares at Dec. 31, 2010	114,354,925	'	'	'	'
Marketed offering, Shares	11,482,216	'	'	'	'
Marketed offering, Amount	14,075,483	'	'	'	14,075,483
Exercise of stock options, Shares	427,147	'	'	'	-427,147
Exercise of stock options, Value	1,050,721	-442,255	'	'	608,466
Stock-based compensation	'	991,161	'	'	991,161
Share issuance costs	-1,065,065	'	'	'	-1,065,065
Acquisition of mineral property interests, Shares	752,500	'	'	'	'
Acquisition of mineral property interests, Amount	1,721,110	'	'	'	1,721,110
Foreign currency translation adjustment	'	'	-1,101,366	'	-1,101,366
Unrealized gain on available for sale securities	'	'	-2,747,997	'	-2,747,997
Net loss	'	'	'	-17,140,208	-17,140,208
Ending Balance, Amount at Dec. 31, 2011	165,574,192	17,420,307	1,901,351	-125,830,658	59,065,192
Ending Balance, Shares at Dec. 31, 2011	127,016,788	'	'	'	'
Exercise of over allotment, Shares	1,320,455	'	'	'	'
Exercise of over allotment, Amount	1,628,583	'	'	'	1,628,583
Exercise of stock options, Shares	'	'	'	'	'
Exercise of stock options, Value	-44,679	44,679	'	'	'
Stock-based compensation	'	1,207,878	'	'	1,207,878
Share issuance costs	-108,058	'	'	'	-108,058
Acquisition of mineral property interests, Shares	540,000	'	'	'	'
Acquisition of mineral property interests, Amount	378,776	'	'	'	378,776
Foreign currency translation adjustment	'	'	1,351,668	'	1,351,668
Net loss	'	'	'	-15,196,129	-15,196,129
Ending Balance, Amount at Dec. 31, 2012	167,428,814	18,672,864	3,253,019	-141,026,787	48,327,910
Ending Balance, Shares at Dec. 31, 2012	128,877,243	'	'	'	'
Private Placements, Shares	17,857,142	'	'	'	'
Private Placements, Amount	9,722,897	'	'	'	9,722,897
Exercise of stock options, Shares	'	'	'	'	'
Stock-based compensation	'	1,422,297	'	'	1,422,297
Share issuance costs	-86,636	'	'	'	-86,636
Foreign currency translation adjustment	'	'	-2,787,404	'	-2,787,404
Net loss	'	'	'	-11,422,025	-11,422,025
Ending Balance, Amount at Dec. 31, 2013	$177,065,075	$20,095,161	$465,615	($152,448,812)	$45,177,039
Ending Balance, Shares at Dec. 31, 2013	146,734,385	'	'	'	'

1_NATURE_AND_CONTINUANCE_OF_OP

1. NATURE AND CONTINUANCE OF OPERATIONS	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Note 1. NATURE AND CONTINUANCE OF OPERATIONS	'
	Entrée Gold Inc. was incorporated under the laws of the Province of British Columbia on July 19, 1995 and continued under the laws of the Yukon Territory on January 22, 2003. On May 27, 2005, Entrée Gold Inc. changed its governing jurisdiction from the Yukon Territory to British Columbia by continuing into British Columbia under the Business Corporations Act (British Columbia). The principal business activity of Entrée Gold Inc., together with its subsidiaries (collectively referred to as the “Company”), is the exploration of mineral property interests. To date, the Company has not generated significant revenues from its operations and is considered to be in the exploration stage.
	All amounts are expressed in United States dollars, except for certain amounts denoted in Canadian dollars ("C$"), and Australian dollars ("A$").
	These consolidated financial statements have been prepared on the assumption that the Company will be able to realize its assets and discharge its liabilities in the normal course of business. The Company currently earns no operating revenues. Continued operations of the Company are dependent upon the Company’s ability to secure additional equity capital or receive other financial support, and in the longer term to generate profits from business operations. Management believes that the Company has sufficient working capital to maintain its operations for the next fiscal year.

2_SIGNIFICANT_ACCOUNTING_POLIC

2. SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Note 2. SIGNIFICANT ACCOUNTING POLICIES	'
	Principles of consolidation
	These consolidated financial statements have been prepared in conformity with generally accepted accounting principles ("GAAP") in the United States of America and include the accounts of the Company and all of its subsidiaries. All significant intercompany transactions and balances have been eliminated upon consolidation.
	Use of estimates
	The preparation of consolidated financial statements in accordance with United States generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions related to deferred income tax asset valuations, asset impairment, stock-based compensation, valuation of asset-backed commercial paper and loss contingencies. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgements about the other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between estimates and the actual results, future results of operations will be affected.
	Cash and cash equivalents
	Cash and cash equivalents includes cash in banks, money market funds, and certificates of term deposits with maturities of less than three months from inception, which are readily convertible to known amounts of cash and which, in the opinion of management, are subject to an insignificant risk of loss in value. The Company had $46,701,216 in cash at December 31, 2013.
	Long-term investments
	Long-term investments in companies in which the Company has voting interests of 20% to 50% or where the Company has the ability to exercise significant influence, are accounted for using the equity method. Under this method, the Company’s share of the investees’ earnings and losses is included in operations and its investments therein are adjusted by a like amount. Dividends received are credited to the long-term investment accounts.
	Other long-term investments are classified as "available-for-sale" investments and unrealized gains and losses on these investments are recorded in accumulated other comprehensive income as a separate component of stockholders’ equity, unless the declines in market value are judged to be other than temporary, in which case the losses are recognized in income in the period. Gains and losses from the sale of these investments are included in income in the period.
	Equipment
	Equipment, consisting of office, computer, field equipment and buildings, is recorded at cost less accumulated depreciation. Depreciation is recorded on a declining balance basis at rates ranging from 20% to 30% per annum.
	Mineral property interests
	Costs of exploration and costs of carrying and retaining unproven properties are expensed as incurred. The Company considers mineral rights to be tangible assets and accordingly, the Company capitalizes certain costs related to the acquisition of mineral rights.
	Asset retirement obligation
	The Company records the fair value of the liability for closure and removal costs associated with the legal obligations upon retirement or removal of any tangible long-lived assets where the initial recognition of any liability will be capitalized as part of the asset cost and depreciated over its estimated useful life. To date, the Company has not incurred any asset retirement obligations.
	Impairment of long-lived assets
	Long-lived assets are continually reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future net cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the discounted carrying amount of the assets exceeds the fair value of the assets.
	Stock-based compensation
	The Company applies the fair value method of accounting for all stock option awards, whereby the Company recognizes a compensation expense for all stock options awarded to employees, officers and consultants based on the fair value of the options on the date of grant, which is determined using the Black Scholes option pricing model. The options are expensed over the vesting period of the options.
	Financial instruments
	The Company measures the fair value of financial assets and liabilities based on GAAP guidance which defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements.
	Under GAAP, fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. A fair value hierarchy is also established, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value.
	Level 1 – Quoted prices in active markets for identical assets or liabilities.
	Level 2 – Quoted prices for similar assets and liabilities in active markets or inputs that are observable.
	Level 3 – Inputs that are unobservable (for example cash flow modelling inputs based on assumptions).
	Income taxes
	The Company follows the asset and liability method of accounting for income taxes whereby deferred income taxes are recognized for the deferred income tax consequences attributable to differences between the financial statement carrying values of existing assets and liabilities and their respective income tax bases (temporary differences). Deferred income tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the years in which temporary differences are expected to be recovered or settled. The effect on deferred income tax assets and liabilities of a change in tax rates is included in income in the period in which the change occurs. The amount of deferred income tax assets recognized is limited to the amount that is more likely than not to be realized.
	Foreign currency translation
	The functional currency of the Company is the Canadian dollar. Accordingly, monetary assets and liabilities denominated in a foreign currency are translated at the exchange rate in effect at the balance sheet date while non-monetary assets and liabilities denominated in a foreign currency are translated at historical rates. Revenue and expense items denominated in a foreign currency are translated at exchange rates prevailing when such items are recognized in the statement of operations and comprehensive loss. Exchange gains or losses arising on translation of foreign currency items are included in the statement of operations and comprehensive loss.
	The Company follows the current rate method of translation with respect to its presentation of these consolidated financial statements in the reporting currency, which is the United States dollar. Accordingly, assets and liabilities are translated into United States dollars at the period-end exchange rates while revenue and expenses are translated at the prevailing exchange rates during the period. Related exchange gains and losses are included in a separate component of stockholders’ equity as accumulated other comprehensive income.
	Net loss per share
	Basic net loss per share is computed by dividing the net loss for the period attributable to common stockholders by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share takes into consideration shares of common stock outstanding (computed under basic loss per share) and potentially dilutive shares of common stock. Diluted net loss per share is not presented separately from basic net loss per share as the conversion of outstanding stock options and warrants into common shares would be anti-dilutive. At December 31, 2013, the total number of potentially dilutive shares of common stock excluded from basic net loss per share was 14,400,500 (December 31, 2012 - 9,223,000; December 31, 2011 - 9,135,500).
	Comparative figures
	Certain comparative figures have been reclassified to conform with the current year’s presentation.
	Recent accounting pronouncements
	The accounting pronouncements issued by the Financial Accounting Standards Board during the year ended December 31, 2013 were not applicable to the Company.

3_CASH_AND_CASH_EQUIVALENTS

3. CASH AND CASH EQUIVALENTS	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Note 3. CASH AND CASH EQUIVALENTS	'
	Cash and cash equivalents consist of cash at bank and in hand of $46,701,216 as at December 31, 2013 (December 31, 2012 - $4,255,508).

4_LONGTERM_INVESTMENTS

4. LONG-TERM INVESTMENTS	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Note 4. LONG-TERM INVESTMENTS	'
	Equity Method Investment
	The Company accounts for its interest in a joint venture with Oyu Tolgoi LLC (“OTLLC”), a company owned 66% by Turquoise Hill Resources Ltd. (formerly Ivanhoe Mines Ltd.) (“Turquoise Hill”) and 34% by the Government of Mongolia (Note 7), as a 20% equity investment. The Company’s share of the loss of the joint venture is $146,051 for the year ended December 31, 2013 (December 31, 2012 - $1,012,156; December 31, 2011 - $2,397,085) plus accrued interest expense of $260,453 for the year ended December 31, 2013 (December 31, 2012 - $229,359; December 31, 2011 - $151,952).

5_EQUIPMENT

5. EQUIPMENT	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Note 5. EQUIPMENT	'
		31-Dec-13							31-Dec-12
					Accumulated		Net Book					Accumulated		Net Book
			Cost		Depreciation		Value			Cost		Depreciation		Value
	Office equipment		$	92,057	$	64,123	$	27,934		$	122,931	$	90,900	$	32,031
	Computer equipment			459,426		349,636		109,790			523,893		353,944		169,949
	Field equipment			251,604		144,786		106,818			540,422		274,694		265,728
	Buildings			246,540		202,139		44,401			280,936		209,077		71,859
			$	1,049,627	$	760,684	$	288,943		$	1,468,182	$	928,615	$	539,567

6_MINERAL_PROPERTY_INTERESTS

6. MINERAL PROPERTY INTERESTS	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Note 6. MINERAL PROPERTY INTERESTS	'
	Title to mineral property interests involves certain inherent risks due to the difficulties of determining the validity of certain claims as well as the potential for problems arising from the frequently ambiguous conveyancing history characteristic of many mineral property interests. The Company has investigated title to its mineral property interests and, except as otherwise disclosed below, to the best of its knowledge, title to the mineral property interests is in good standing.
	Material Properties
	The Company’s two principal assets are its interest in the Lookout Hill property in Mongolia, and the Ann Mason project (the “Ann Mason Project”) in Nevada.
	Lookout Hill, Mongolia
	The Lookout Hill property in the South Gobi region of Mongolia is comprised of two mining licences, Shivee Tolgoi and Javhlant, granted by the Mineral Resources Authority of Mongolia ("MRAM") in October 2009. Title to the two licences is held by the Company.
	In October 2004, the Company entered into an arm’s-length Equity Participation and Earn-In Agreement (the "Earn-In Agreement") with Turquoise Hill. Under the Earn-In Agreement, Turquoise Hill agreed to purchase equity securities of the Company, and was granted the right to earn an interest in what is now the eastern portion of the Shivee Tolgoi mining licence and all of the Javhlant mining licence (together the "Joint Venture Property"). Most of Turquoise Hill’s rights and obligations under the Earn-In Agreement were subsequently assigned by Turquoise Hill to what was then its wholly-owned subsidiary, OTLLC. The Government of Mongolia subsequently acquired a 34% interest in OTLLC from Turquoise Hill.
	On June 30, 2008, OTLLC gave notice that it had completed its earn-in obligations by expending a total of $35 million on exploration of the Joint Venture Property. OTLLC earned an 80% interest in all minerals extracted below a sub-surface depth of 560 metres from the Joint Venture Property and a 70% interest in all minerals extracted from surface to a depth of 560 metres from the Joint Venture Property. In accordance with the Earn-In Agreement, the Company and OTLLC formed a joint venture (the "Entrée-OTLLC Joint Venture") on terms annexed to the Earn-In Agreement.
	The portion of the Shivee Tolgoi mining licence outside of the Joint Venture Property ("Shivee West") is 100% owned by the Company, but is subject to a right of first refusal by OTLLC.
	The conversion of the original Shivee Tolgoi and Javhlant exploration licences into mining licences was a condition precedent to the Investment Agreement (the "Investment Agreement") between Turquoise Hill, OTLLC, the Government of Mongolia and Rio Tinto International Holdings Limited.  The licences are part of the contract area covered by the Investment Agreement, although the Company is not a party to the Investment Agreement.  The Shivee Tolgoi and Javhlant mining licences were each issued for a 30 year term and have rights of renewal for two further 20 year terms.
	On February 27, 2013, notice (the "Notice") was delivered to the Company that the Ministry of Mining had cancelled the July 2009 Order (the "2009 Order") registering the reserves on the Joint Venture Property. The Notice stated that the 2009 Order breached sections of the Minerals Law of Mongolia and Charter of the Minerals Resource Counsel that give the head of MRAM the authority to register reserves, rather than the Minister of Mineral Resources and Energy. The Notice further advised that the Company is temporarily restricted from transferring, selling or leasing the Shivee Tolgoi and Javhlant mining licences. On September 4, 2013, the Minister of Mining issued Order No. 179, advising the Minerals Professional Council to re-submit its previous conclusions regarding the reserves to MRAM for review and registration. On September 6, 2013, the head of MRAM ordered that the reserves on the Joint Venture Property be registered. The Company was also subsequently advised that the temporary transfer restriction on the joint venture mining licences will be lifted.
	As of December 31, 2013, the Entrée-OTLLC Joint Venture had expended approximately $26.3 million to advance the Joint Venture Property. Under the terms of the Entrée-OTLLC Joint Venture, OTLLC contributed on behalf of the Company its required participation amount charging interest at prime plus 2% (Note 7).
	Ann Mason, Nevada, United States
	The Ann Mason Project is defined by a series of both unpatented lode claims on public land administered by the Bureau of Land Management, and title to patented lode claims. The project area includes the Ann Mason and the Blue Hill deposits, and several early-stage copper porphyry targets including the Blackjack IP, Blackjack Oxide, Roulette and Minnesota targets.
	Certain of the unpatented lode claims are leased to the Company pursuant to a mining lease and option to purchase agreement ("MLOPA") with two individuals. Under the MLOPA, the Company is granted the option to purchase the claims for $500,000. If the Company exercises its option, the claims will be subject to a 3% net smelter returns ("NSR") royalty (which may be bought down to a 1% NSR royalty for $2 million). The MLOPA also provides for annual advance minimum royalty payments of $27,500 which commenced in June 2011 and will continue until the commencement of sustained commercial production. The advance payments will be credited against future royalty payments or the buy down of the royalty.
	In September 2009, the Company entered into an agreement whereby the Company may acquire an 80% interest in certain unpatented lode claims formerly known as the Roulette property. In order to acquire its interest, the Company must: (a) incur expenditures of $1,000,000, make cash payments of $140,000 and issue 85,000 common shares of the Company within three years (completed); (b) make aggregate advance royalty payments totalling $375,000 between the fifth and tenth anniversaries of the agreement; and (c) deliver a bankable feasibility study before the tenth anniversary of the agreement.
	During the year ended December 31, 2012, the Company, through a combination of staking and purchase agreements, acquired certain patented and unpatented lode claims within or contiguous to the boundaries of its Ann Mason Project pursuant to which the Company paid $3,721,170 and issued 40,000 common shares valued at $52,293.
	In February 2013, the Company entered into an agreement with Sandstorm Gold Ltd. ("Sandstorm") whereby the Company granted Sandstorm a 0.4% NSR royalty over certain of the unpatented lode claims, including the claims covering the Ann Mason and Blue Hill deposits, in return for an upfront payment of $5 million (the "Sandstorm NSR Payment") which was recorded as a recovery to acquisition costs. In addition, certain of the patented lode claims are subject to a 2% NSR royalty.
	Other Properties
	During the year ended December 31, 2013, the Company also had interests in non-material properties in Australia, United States, and Peru. Non-material properties include the following:
	Australia Properties
	The Company holds a 53.7% interest in the Blue Rose copper-iron-gold-molybdenum joint venture property, with Giralia Resources Pty Ltd., now a subsidiary of Atlas Iron Limited (ASX:AGO - "Atlas"), retaining the remaining 46.3% interest.
	Lordsburg and Oak Grove
	During the year ended December 31, 2012, the Company entered into an agreement to purchase a 100% interest in the Lordsburg and Oak Grove properties, New Mexico, subject to a 2% NSR royalty.  Pursuant to the agreement, the Company paid $100,000 and issued 500,000 common shares valued at $326,483.  During the year ended December 31, 2013, the Company abandoned the unpatented lode claims comprising the Oak Grove property and recorded an impairment of mineral property interests of $437,732.
	Capitalized mineral property acquisition costs are summarized as follows:
		December 31,		December 31,
		2013		2012
	USA
	Ann Mason	$	47,495,218	$	55,752,523
	Lordsburg		494,171		990,797
	Other		282,738		302,262
	Total USA		48,272,127		57,045,582
	AUSTRALIA
	Blue Rose JV		534,438		571,342
	Total Australia		534,438		571,342
	Total all locations	$	48,806,565	$	57,616,924
	Ann Mason capitalized mineral property acquisition costs are net of the $5 million Sandstorm NSR Payment.
	Expensed exploration costs are summarized as follows:
		Year Ended		Year Ended		Year Ended
		December 31,		December 31,		December 31,
		2013		2012		2011
	US	$	3,940,264	$	5,857,999	$	14,088,428
	Mongolia		1,355,493		1,964,883		3,255,588
	Other		807,235		411,472		335,158
	Total all locations	$	6,102,992	$	8,234,354	$	17,679,174

7_LOANS_PAYABLE

7. LOANS PAYABLE	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Note 7. LOANS PAYABLE	'
	Under the terms of the Entrée-OTLLC Joint Venture (Note 6), OTLLC will contribute funds to approved joint venture programs and budgets on the Company’s behalf. Interest on each loan advance shall accrue at an annual rate equal to OTLLC’s actual cost of capital or the prime rate of the Royal Bank of Canada, plus two percent (2%) per annum, whichever is less, as at the date of the advance. The loans will be repayable by the Company monthly from ninety percent (90%) of the Company’s share of available cash flow from the Entrée-OTLLC Joint Venture. In the absence of available cash flow, the loans will not be repayable. The loans are not expected to be repaid within one year.

8_SANDSTORM_FINANCING_ARRANGEM

8. SANDSTORM FINANCING ARRANGEMENT	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
8. SANDSTORM FINANCING ARRANGEMENT	'
	In February 2013, the Company entered into an equity participation and funding agreement with Sandstorm that provided an upfront deposit (the "Deposit") from Sandstorm of $40 million. The Company will use future payments that it receives from its mineral property interests to purchase and deliver metal credits to Sandstorm, in amounts that are indexed to the Company’s share of gold, silver and copper production from the Joint Venture Property as follows:
	·	25.7% of the Company’s share of gold and silver, and 2.5% of the Company’s share of copper, produced from the portion of the Shivee Tolgoi mining licence included in the Joint Venture Property; and
	·	33.8% of the Company’s share of gold and silver, and 2.5% of the Company’s share of copper, produced from the Javhlant mining licence.
	In addition to the Deposit, upon delivery of the metal credits Sandstorm will make a cash payment to the Company equal to the lesser of the prevailing market price and $220 per ounce of gold, $5 per ounce of silver and $0.50 per pound of copper (subject to inflation adjustments).  After approximately 8.6 million ounces of gold, 40.3 million ounces of silver and 9.1 billion pounds of copper have been produced from the entire Joint Venture Property, the cash payment will increase to the lesser of the prevailing market price and $500 per ounce of gold, $10 per ounce of silver and $1.10 per pound of copper (subject to inflation adjustments). To the extent that the prevailing market price is greater than the amount of the cash payment, the difference between the two will be credited against the Deposit (the net amount of the Deposit being the "Unearned Balance").
	In the event of a partial expropriation of the Company’s interest in the Joint Venture Property, which is not reversed during the abeyance period provided for in the equity participation and funding agreement, the Company will be required to return a pro rata portion of the Deposit (the amount of the repayment not to exceed the amount of the Unearned Balance) and the metal credits that the Company is required to deliver will be reduced proportionately. In the event of a full expropriation, the full amount of the Unearned Balance must be returned with interest.
	The Company is not required to deliver actual metal, and the Company may use revenue from any of its assets to purchase the requisite amount of metal credits.
	The Company recorded the Deposit as deferred revenue and will recognize amounts in revenue as metal credits are delivered to Sandstorm, which is expected to commence in 2019.
	In addition, the Company entered into an agreement with Sandstorm whereby the Company granted Sandstorm a 0.4% NSR royalty over certain of the Ann Mason Project claims, including the claims covering the Ann Mason and Blue Hill deposits, in return for the Sandstorm NSR Payment of $5 million which was recorded as a recovery to acquisition costs.
	The Company also completed a private placement with Sandstorm for gross proceeds of $9,722,897.
	The transactions costs related to the Sandstorm financing arrangement incurred in 2013 were $936,926 for consultancy and advisory fees, $192,203 for legal fees included in general and administration expenses and $86,636 for share issuance costs.

9_COMMON_STOCK

9. COMMON STOCK	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Note 9. COMMON STOCK	'
	Share issuances
	In July 1995, the Company completed a private placement consisting of 4,200,000 common shares issued at a price of C$0.02 per share for gross proceeds of $60,852.
	In July 1995, the Company issued 3,200,000 shares at a value of $147,520 for the acquisition of a mineral property interest in Costa Rica. This mineral property was abandoned in 2001.
	In January 1997, the Company completed a private placement consisting of 1,680,000 common shares issued at a price of C$0.06 per share for gross proceeds of $77,553.
	In April 1997, the Company completed a private placement consisting of 2,200,000 common shares issued at a price of C$0.12 per share for gross proceeds of $197,165.
	In February 2000, the Company issued 1,128,000 common shares for cash proceeds of $113,922 on the exercise of stock options.
	In September 2002, the Company completed a brokered private placement consisting of 4,000,000 units issued at a price of C$0.20 per unit for gross proceeds of $505,520. Each unit consisted of one common share and one-half non-transferable share purchase warrant. Each whole share purchase warrant entitled the holder to acquire one additional common share at a price of C$0.40 per share for a period of one year. As part of this private placement, the Company issued 310,000 units as a finder's fee to the agent. Related share issue costs of $112,338 were comprised of cash costs totalling $72,556 and the fair value of 310,000 units estimated at $39,782, of which $39,178 was assigned to the common shares.
	In January 2003, the Company completed a combination brokered and non-brokered private placement consisting of 2,500,000 units issued at a price of C$0.35 per unit for gross proceeds of $569,975. Each unit consisted of one common share and one-half non-transferable share purchase warrant. As part of this private placement, the Company issued 329,723 agent's warrants. Each whole share purchase warrant entitled the holder to acquire one additional common share at a price of C$0.40 per share for a period of one year. Related share issue costs of $94,461 were comprised of cash costs totalling $78,188 and the fair value of the agents warrants estimated at $16,273.
	In January 2003, the Company issued 100,000 common shares at a value of $35,827 as a finder's fee towards the acquisition of mineral property interests.
	In February 2003, the Company issued 12,500 common shares for proceeds of $3,288 on the exercise of warrants.
	In March 2003, the Company issued 135,416 common shares at a value of $45,839 and 67,708 non-transferable share purchase warrants with a value of $5,252 to settle accounts payable totalling $45,839. Each share purchase warrant entitled the holder to acquire one additional common share at a price of C$0.60 per share for a period of one year.
	In April 2003, the Company completed a non-brokered private placement consisting of 1,000,000 units issued at a price of C$0.40 per unit for proceeds of $275,560. Each unit consisted of one common share and one non-transferable share purchase warrant. Each share purchase warrant entitled the holder to acquire one additional common share at a price of C$0.50 per share for the first year and at C$0.60 per share for the second year. The Company incurred costs of $4,408 with respect to this private placement.
	In August 2003, the Company completed a non-brokered private placement consisting of 2,000,000 common shares issued at a price of C$0.20 per share for gross proceeds of $288,360. Related share issue costs were $15,270.
	In October 2003, the Company completed a short-form offering and issued 2,352,942 units at a price of C$0.85 per unit for gross proceeds of $1,510,400. Each unit consisted of one common share and one-half of one non-transferable share purchase warrant. Each whole share purchase warrant allowed the holder to purchase one additional common share at an exercise price of C$1.06 on or before October 22, 2005. The agent for the offering was paid a cash commission of 8.5% of the gross proceeds received, or $128,384, in respect of units sold and received agent's warrants to acquire common shares equal to 10% of the number of units sold, or 235,294 warrants. The agent's warrants allowed the agent to purchase one additional common share at an exercise price of C$0.95 per share on or before October 22, 2004. The agent was also issued 100,000 units as a corporate finance fee. Each agent's unit consisted of one common share and one-half of one non-transferable share purchase warrant. Each whole share purchase warrant allowed the agent to purchase one additional common share at an exercise price of C$0.95 on or before October 22, 2004. Related share issue costs of $296,296 were comprised of cash costs totalling $164,004 and the fair value of 100,000 agents units estimated at $72,576 and the fair value of 235,294 agent's warrants estimated at $59,716. The fair value of the agent's units of $72,576 consisted of $64,192 assigned to the common shares and $8,384 assigned to the warrants.
	In October 2003, the Company completed a brokered private placement consisting of 12,000,000 units at a price of C$1.00 per unit for gross proceeds of $9,092,400. Each unit consisted of one common share and one-half of one non-transferable share purchase warrant. Each whole share purchase warrant allowed the holder to purchase one additional common share at an exercise price of C$1.35 on or before October 31, 2005. The agent for the offering was paid a cash commission of $566,381, and received 920,000 agent'swarrants. The agent's warrants allowed the agent to purchase one additional common share at an exercise price of C$1.35 per share on or before April 30, 2005. Related share issue costs of $991,149 were comprised of cash costs totalling $680,124 and the fair value of the agents warrants estimated at $311,025.
	In November 2003, the Company issued 5,000,000 shares at a value of $3,806,000 pursuant to the Lookout Hill mineral property purchase agreement.
	During the eight month period ended December 31, 2003 the Company issued 3,730,372 common shares for cash proceeds of $1,310,221 on the exercise of warrants. The warrants exercised had a fair value of $6,443 when issued.
	During the eight month period ended December 31, 2003, the Company issued 35,000 common shares for cash proceeds of $14,704 on the exercise of stock options. The options exercised had a fair value of $4,026 when granted.
	In January 2004, the Company issued 50,000 common shares for cash proceeds of $17,942 on the exercise of stock options. The options exercised had a fair value of $8,238 when granted.
	In November 2004, the Company completed a non-brokered private placement consisting of 4,600,000 units at a price of C$1.00 per unit for gross proceeds of $3,846,521. Each unit consisted of one common share and one non-transferable share purchase warrant. Each share purchase warrant entitled the holder to purchase one additional common share at a price of C$1.10 on or before November 9, 2006. Related share issue costs were comprised of cash costs totalling $21,026.
	During the year ended December 31, 2004, the Company issued 533,836 common shares for cash proceeds of $173,011 on the exercise of warrants. The warrants exercised had a fair value of $13,197 when issued.
	In June 2005, the Company completed a non-brokered private placement consisting of 5,665,730 units at a price of C$2.20 per unit for gross proceeds of $10,170,207. Each unit consisted of one common share, one non-transferable share purchase A warrant and one non-transferable share purchase B warrant. Two A warrants entitled the holder to purchase one common share of the Company at a price of C$2.75 for a period of 2 years. Two B warrants entitled the holder to purchase one common share of the Company at a price of C$3.00 for a period of two years. Pursuant to an agreement with the Company, the placee, Kennecott Canada Exploration Inc. (now Rio Tinto Exploration Canada Inc. (“Rio Tinto”)) (indirect wholly-owned subsidiary of Rio Tinto plc) had the right to acquire additional securities and participate in future financings by the Company so as to maintain its proportional equity in the Company. This right was subsequently assigned to Rio Tinto International Holdings Limited, and terminated on March 1, 2013.  Related share issue costs were $521,798.
	In July 2005, the Company completed a non-brokered private placement consisting of 1,876,680 units at a price of C$2.20 per unit for gross proceeds of $3,367,890. Each unit consisted of one common share, one non-transferable share purchase A warrant and one non-transferable share purchase B warrant. Two A warrants entitled the holder to purchase one common share of the Company at a price of C$2.75 for a period of 2 years. Two B warrants entitled the holder to purchase one common share of the Company at a price of C$3.00 for a period of two years.
	During the year ended December 31, 2005, the Company issued 10,456,450 common shares for cash proceeds of $10,475,291 on the exercise of warrants.
	During the year ended December 31, 2005, the Company issued 772,000 common shares for cash proceeds of $705,673 on the exercise of stock options. The fair value recorded when the options were granted was $532,908.
	During the year ended December 31, 2006, the Company issued 1,215,000 common shares for cash proceeds of $1,108,717 on the exercise of stock options. The fair value recorded when the options were granted was $753,628.
	In June 2006, the Company issued 4,167 common shares to the University of British Columbia as a donation to become a member of the Mineral Deposit Research Unit. The fair value recorded when the shares were issued of $8,870 was recorded as a donation expense.
	In June 2007, the Company issued 7,542,408 common shares for cash proceeds of $20,392,043 on the exercise of warrants.
	In August 2007, the Company issued 15,000 shares at a value of $33,976 to Empirical Discovery, LLC (“Empirical”) pursuant to a mineral property option agreement.
	In November 2007, the Company completed an underwriten short form prospectus offering of 10,000,000 common shares at price of C$3.00 per share for gross proceeds of C$30,000,000. Turquoise Hill and Rio Tinto elected to exercise their respective rights to maintain their percentage ownership interests.  Turqoise Hill acquired 2,128,356 shares at C$3.00 for gross proceeds of C$6,464,881. Rio Tinto acquired 2,300,284 shares at C$3.00 for proceeds of C$6,987,113. Related share issuance costs were $1,981,360.
	During the year ended December 31, 2007, the Company issued 728,700 common shares for cash proceeds of $603,684 on the exercise of stock options. The fair value recorded when the options were granted was $322,880.
	In February 2008, the Company issued 10,000 shares at a fair value of $20,066 pursuant to a mineral property option agreement.
	In August 2008, the Company issued 20,000 shares at a fair value of $40,875 pursuant to a mineral property option agreement.
	During the year ended December 31, 2008, the Company issued 958,057 common shares for cash proceeds of $856,470 on the exercise of stock options. The fair value recorded when the options were granted of $591,456 has been transferred from additional paid–in capital to common stock on the exercise of the options. Included in the issued shares were 144,169 common shares issued pursuant to the cashless exercise of 296,112 options with an exercise price of C$1.00, with the remaining 151,943 options treated as cancelled.
	In February 2009, the Company issued 20,000 shares at a fair value of $22,515 pursuant to a mineral property option agreement.
	In August 2009, the Company issued 72,500 shares at a fair value of $130,056 pursuant to mineral property option agreements.
	In November 2009, the Company issued 50,000 shares at a fair value of $122,551 pursuant to a mineral property option agreement.
	During the year ended December 31, 2009, the Company issued 2,355,948 common shares for cash proceeds of $2,280,050 on the exercise of stock options. The fair value recorded when the options were granted was $2,050,489. Included in the issued shares were 415,448 common shares issued pursuant to the cashless exercise of 705,000 options with an exercise price of C$1.15, with the remaining 289,552 options treated as cancelled.
	In February 2010, the Company issued 30,000 shares at a fair value of $82,391 pursuant to a mineral property option agreement.
	In June 2010, the Company issued 15,020,801 shares at a fair value of $28,325,101 pursuant to the acquisition of PacMag and incurred $147,228 of share issue costs.
	In August 2010, the Company issued 80,000 shares at a fair value of $185,863 pursuant to a mineral property option agreement covering the Lordsburg and Oak Grove properties in New Mexico.
	In October 2010, the Company issued 20,000 shares at a fair value of $53,797 pursuant to a finder’s fee agreement in connection with a mineral property option agreement.
	In October 2010, the Company issued 22,500 shares at a fair value of $60,233 pursuant to a mineral property option agreement.
	During the year ended December 31, 2010, the Company issued 2,122,278 common shares for cash proceeds of $2,699,728 on the exercise of stock options. The fair value recorded when the options were granted was $1,932,407. Included in the issued shares were 430,078 common shares issued pursuant to the cashless exercise of 100,000 options with an exercise price of C$1.32, 1,535,300 options with an exercise price of C$1.75, and 7,500 options with an exercise price of C$2.60, with the remaining 1,212,722 options treated as cancelled.
	In February 2011, the Company issued 40,000 shares at a fair value of $122,189 pursuant to a mineral property option agreement.
	In July 2011, the Company issued 550,000 shares at a fair value of $1,271,371 to acquire Honey Badger Exploration Inc.’s remaining 49% interest in what was then known as the Blackjack property.
	In August 2011, the Company issued 150,000 shares at a fair value of $304,793 pursuant to a mineral property option agreement.
	In October 2011, the Company issued 12,500 shares at a fair value of $19,753 pursuant to a mineral property option agreement.
	In November 2011, the Company completed a marketed offering and issued 10,000,000 shares at a price of C$1.25 per share. Rio Tinto elected to exercise its pre-emptive rights and purchased an additional 1,482,216 shares at a price of C$1.25 per share. The total gross proceeds from the offering were $14,075,483. Related share issuance costs were $1,065,065.
	During the year ended December 31, 2011, the Company issued 427,147 common shares for cash proceeds of $608,466 on the exercise of stock options. The fair value recorded when the options were granted was $442,255. Included in the issued shares were 87,847 common shares issued pursuant to the cashless exercise of 245,000 options with an exercise price of C$1.32, with the remaining 157,153 options treated as cancelled.
	In January 2012, the underwriters for the Company’s November 2011 marketed offering exercised their over allotment option pursuant to which the Company issued 1,150,000 common shares at a price of C$1.25 per share. Rio Tinto elected to exercise its pre-emptive rights and purchased an additional 170,455 shares at a price of C$1.25 per share. The total gross proceeds from the over allotment were $1,628,583. Related share issuance costs were $108,058.
	In January 2012, the Company issued 40,000 shares at a fair value of $52,293 to acquire certain claims within or contiguous to the boundaries of its Ann Mason Project.
	In June 2012, the Company issued 500,000 shares at a fair value of $326,483 to purchase a 100% interest in the Lordsburg and Oak Grove properties.
	In March 2013, the Company completed a private placement with Sandstorm consisting of 17,857,142 common shares issued at a price of C$0.56 per share for gross proceeds of $9,722,897.  Related share issuance costs were $86,636.
	Stock options
	The Company has adopted a stock option plan (the "Plan") to grant options to directors, officers, employees and consultants. Under the Plan, the Company may grant options to acquire up to 10% of the issued and outstanding shares of the Company. Options granted can have a term of up to ten years and an exercise price typically not less than the Company's closing stock price on the last trading day before the date of grant. Vesting is determined at the discretion of the Board of Directors.
	The Company uses the Black-Scholes option pricing model to determine the fair value of stock options granted. For employees, the compensation expense is amortized on a straight-line basis over the requisite service period which approximates the vesting period. Compensation expense for stock options granted to non-employees is recognized over the contract services period or, if none exists, from the date of grant until the options vest. Compensation associated with unvested options granted to non-employees is re-measured on each balance sheet date using the Black-Scholes option pricing model.
	The Company uses historical data to estimate option exercise, forfeiture and employee termination within the valuation model. The risk-free interest rate is based on a treasury instrument whose term is consistent with the expected term of the stock options. The Company has not paid and does not anticipate paying dividends on its common stock; therefore, the expected dividend yield is assumed to be zero. Companies are required to utilize an estimated forfeiture rate when calculating the expense for the reporting period. Based on the best estimate, management applied the estimated forfeiture rate of Nil in determining the expense recorded in the accompanying Statements of Operations and Comprehensive Loss.
	Stock option transactions are summarized as follows:
				Number of Options	Weighted Average Exercise Price (C$)
	Balance at December 31, 2010			9,292,800	2.09
	Granted			575,000	2.77
	Exercised			-427,147	1.66
Cancelled			-157,153	1.32
Forfeited			-148,000	2.31
Balance at December 31, 2011			9,135,500	2.16
Granted			1,882,000	1.22
Expired			-1,177,500	2.14
Forfeited			-617,000	2.05
Balance at December 31, 2012			9,223,000	1.98
Granted			7,560,000	0.47
Expired			-2,379,500	1.80
Forfeited			-3,000	1.25
Balance at December 31, 2013			14,400,500	1.22
There were 7,560,000 stock options granted during the year ended December 31, 2013 with a weighted average exercise price of C$0.47 and a weighted average fair value of C$0.19. The number of stock options exercisable at December 31, 2013 was 14,400,500.
At December 31, 2013, the following stock options were outstanding:
Number of Options	Exercise	Aggregate Intrinsic Value (C$)		Expiry Date	Number of Options Exercisable	Aggregate Intrinsic Value (C$)
	Price
	(C$)
50,000	1.27	-		18-Jan-14	50,000	-
1,289,000	1.32	-		12-Feb-14	1,289,000	-
1,472,500	2.60	-		29-Dec-14	1,472,500	-
300,000	2.34	-		22-Sep-15	300,000	-
1,372,500	2.86	-		22-Nov-15	1,372,500	-
200,000	3.47	-		4-Jan-16	200,000	-
125,000	2.94	-		8-Mar-16	125,000	-
150,000	2.05	-		7-Jul-16	150,000	-
100,000	2.23	-		15-Jul-16	100,000	-
1,681,500	1.25	-		6-Jan-17	1,681,500	-
100,000	0.73	-		18-Jun-17	100,000	-
4,985,000	0.56	-		15-Mar-18	4,985,000	-
50,000	0.32	-		9-Apr-18	50,000	-
150,000	0.34	-		27-Jun-18	150,000	-
2,375,000	0.30	23,750		19-Dec-18	2,375,000	23,750
14,400,500		$            23,750			14,400,500	$             23,750
The aggregate intrinsic value in the preceding table represents the total intrinsic value, based on the Company’s closing stock price of C$0.31 per share as of December 31, 2013, which would have been received by the option holders had all option holders exercised their options as of that date. The total number of in-the-money options vested and exercisable as of December 31, 2013 was 2,375,000. The total intrinsic value of options exercised during the year ended December 31, 2013 was $Nil (December 31, 2012 - $Nil; December 31, 2011 - $437,770).
Stock-based compensation
7,560,000 stock options were granted during the year ended December 31, 2013. The fair value of stock options granted during the year ended December 31, 2013 was $1,421,371 (December 31, 2012 - $1,124,930; December 31, 2011 - $944,319). Stock-based compensation recognized during the year ended December 31, 2013 was $1,422,297 (December 31, 2012 - $1,207,878; December 31, 2011 - $991,161) which has been recorded in the consolidated statements of operations as follows with corresponding additional paid-in capital recorded in stockholders' equity:
		Year Ended December 31, 2013				Year Ended December 31, 2012			Year Ended December 31, 2011			Cumulative to December 31, 2013
Exploration		$	294,676			$	267,452		$	146,343		$	4,369,529
General and administration			1,127,621				940,426			844,818			19,806,528
		$	1,422,297			$	1,207,878		$	991,161		$	24,176,057
The following weighted-average assumptions were used for the Black-Scholes valuation of stock options granted:
		December 31, 2013				December 31, 2012			December 31, 2011
Risk-free interest rate			1.3	%			1.13	%		2.06	%
Expected life of options (years)			4.3				4.9			4.2
Annualized volatility			75	%			73	%		74	%
Dividend rate			0	%			0	%		0	%

10_SEGMENT_INFORMATION

10. SEGMENT INFORMATION	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Note 10. SEGMENT INFORMATION	'
	The Company operates in one business segment being the exploration of mineral property interests.
	Geographic information is as follows:
		December 31, 2013		December 31, 2012
	Identifiable assets
	USA	$	49,405,542	$	58,094,222
	Canada		45,822,245		3,953,053
	Australia		1,642,736		1,487,117
	Mongolia		504,408		613,723
	Other		20,174		25,415
		$	97,395,105	$	64,173,530

11_INCOME_TAXES

11. INCOME TAXES	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
11. INCOME TAXES	'
	A reconciliation of income taxes at statutory rates with the reported taxes is as follows:
		Year Ended December 31, 2013			Year Ended December 31, 2012			Year Ended December 31, 2011
	Loss for the year	$	(13,484,781	)	$	(14,866,359	)	$	(21,969,902	)
	Statutory rate		25.75	%		25	%		26.5	%
	Expected income tax recovery		(3,472,331	)		(3,716,590	)		(5,822,024	)
	Permanent differences and other		(78,811	)		270,521			(22,083	)
	Difference in foreign tax rates and enacted tax rates		(366,039	)		(577,544	)		(1,152,540	)
	Change in valuation allowance		1,611,239			4,353,383			2,014,763
	Withholding taxes		243,186			-			152,190
	Total income tax expense (recovery)	$	(2,062,756	)	$	329,770		$	(4,829,694	)
	Current income tax expense		319,112			-			152,190
	Deferred income tax expense (recovery)		(2,381,868	)		329,770			(4,981,884	)
	Total income taxes	$	(2,062,756	)	$	329,770		$	(4,829,694	)
	The significant components of the Company’s deferred income tax assets and liabilities are as follows:
		Year Ended December 31, 2013			Year Ended December 31, 2012
	Deferred income tax assets:
	Non-capital loss carry forward	$	20,423,498		$	18,940,044
	Resource expenditures		9,278,934			9,116,317
	Equipment		144,776			127,684
	Share issue and legal costs		149,596			248,806
	Other		349,379			317,704
			30,346,183			28,750,555
	Valuation allowance		(23,973,665	)		(22,362,426	)
	Net deferred income tax assets	$	6,372,518		$	6,388,129
	Deferred income tax liabilities:
	Mineral property interests	$	(13,713,034	)	$	(16,110,513	)
	Net deferred income tax liabilities	$	(13,713,034	)	$	(16,110,513	)
	Net deferred income tax liabilities	$	(7,340,516	)	$	(9,722,384	)
	The Company has available for deduction against future taxable income non-capital losses of approximately $34,720,000 (2012: $30,380,000) in Canada, $710,000 (2012: $690,000) in China, $7,770,000 (2012: $8,860,000) in Mongolia, $26,270,000 (2012: $25,470,000) in the United States of America, $580,000 (2012: $580,000) in Australia and $580,000 (2012: $300,000) in Peru. These losses, if not utilized, will expire through 2033. Subject to certain restrictions, the Company also has foreign resource expenditures available to reduce taxable income in future years. The Company has recognized $6,372,518 of deferred tax benefits arising as a result of these losses, resource expenditures, equipment,  share issue and legal costs in these financial statements.
	The Company recognizes interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses. As of December 31, 2013, there was no accrued interest or accrued penalties.
	The Company files income tax returns in Canada and several foreign jurisdictions. The Company’s Canadian income tax returns from 2007 to 2013 are open. For other foreign jurisdictions, including Mongolia and the U.S., all years remain open.

12_FINANCIAL_INSTRUMENTS

12. FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Note 12. FINANCIAL INSTRUMENTS	'
	The Company's financial instruments generally consist of cash and cash equivalents, receivables, deposits, accounts payable and accrued liabilities and loans payable. Unless otherwise noted, it is management's opinion that the Company is not exposed to significant interest or credit risks arising from these financial instruments. The fair value of these financial instruments approximates their carrying values, except as noted below.
	The Company is exposed to currency risk by incurring certain expenditures in currencies other than the Canadian dollar. The Company does not use derivative instruments to reduce this currency risk.
	Fair value measurement is based on a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value which are:
	Level 1 — Quoted prices that are available in active markets for identical assets or liabilities.
	Level 2 — Quoted prices in active markets for similar assets that are observable.
	Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.
	At December 31, 2013, the Company had Level 1 financial instruments, consisting of cash and cash equivalents, with a fair value of $46,701,216.

13_ACCUMULATED_OTHER_COMPREHEN

13. ACCUMULATED OTHER COMPREHENSIVE INCOME (OCI)	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Note 13. ACCUMULATED OTHER COMPREHENSIVE INCOME (OCI)	'
		Year Ended			Year Ended			Year Ended
		December 31,			December 31,			December 31,
		2013			2012			2011
	Accumulated OCI, beginning of period:
	Currency translation adjustment	$	3,253,019		$	1,901,351	$	3,002,717
	Available for sale of securities		-			-		2,747,997
		$	3,253,019		$	1,901,351	$	5,750,714
	Other comprehensive income (loss) for the period:
	Currency translation adjustments	$	(2,787,404	)	$	1,351,668	$	$ (1,101,366	)
	Unrealized gain on available for sale investments		-			-		715,428
	Release of OCI on available for sale investments		-			-		(3,463,425	)
		$	(2,787,404	)	$	1,351,668	$	(3,849,363	)
	Accumulated OCI, end of period:
	Currency translation adjustment	$	465,615		$	3,253,019	$	1,901,351
		$	465,615		$	3,253,019	$	1,901,351

14_SUPPLEMENTAL_DISCLOSURE_WIT

14. SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Note 14. SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS	'
	There were no significant non-cash transactions for the year ended December 31, 2013. The significant non-cash transaction for the years ended December 31, 2012 and December 31, 2011 consisted of the following items:
	·	issuance of 540,000 common shares (December 31, 2011 - 752,500) in payment of mineral property acquisitions valued at $378,776 (December 31, 2011 - $1,721,110) which have been capitalized as mineral property interests.
	·	funding by OTLLC of the Company’s investment requirements for the Entrée-OTLLC Joint Venture of $1,012,156 (December 31, 2011 - $2,397,085).

15_COMMITMENTS

15. COMMITMENTS	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Note 15. COMMITMENTS	'
	The Company is committed to make lease payments for the rental of office space as follows:
	2014	$	296,734
	2015		210,508
	2016		211,165
	2017		87,985
		$	806,392
	The Company incurred lease expense of $393,707 (December 31, 2012 – $398,266; December 31, 2011 - $382,878) for the year ended December 31, 2013.

16_TRANSACTIONS_WITH_RELATED_P

16. TRANSACTIONS WITH RELATED PARTIES	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Note 16. TRANSACTIONS WITH RELATED PARTIES	'
	During the year ended December 31, 2013, the Company paid consulting fees of $1,167 (December 31, 2012 - $Nil) to an immediate family member of an executive officer of the Company. The transaction was in the normal course of operations and was measured at the exchange amount, which represented the amount of consideration established and agreed to by the related party. All services under the agreement have been provided. On June 13, 2011, the Company sold its 100% interest in the Rainbow Canyon property to Acrex Ventures Ltd. (“Acrex”), for $125,000 and a 3% NSR royalty, which may be bought down to a 1% NSR royalty for $1 million. At the date of the transaction, Acrex was related to the Company by way of a common director.

17_SUBSEQUENT_EVENTS

17. SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Note 17. SUBSEQUENT EVENTS	'
	Subsequent to December 31, 2013, 50,000 stock options with an exercise price of C$1.27 and 1,289,000 stock options with an exercise price of C$1.32 expired.

2_SIGNIFICANT_ACCOUNTING_POLIC1

2. SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2013
Significant Accounting Policies Policies	'
Principles of consolidation	'
	These consolidated financial statements have been prepared in conformity with generally accepted accounting principles ("GAAP") in the United States of America and include the accounts of the Company and all of its subsidiaries. All significant intercompany transactions and balances have been eliminated upon consolidation.
Use of estimates	'
	The preparation of consolidated financial statements in accordance with United States generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions related to deferred income tax asset valuations, asset impairment, stock-based compensation, valuation of asset-backed commercial paper and loss contingencies. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgements about the other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between estimates and the actual results, future results of operations will be affected.
Cash and cash equivalents	'
	Cash and cash equivalents includes cash in banks, money market funds, and certificates of term deposits with maturities of less than three months from inception, which are readily convertible to known amounts of cash and which, in the opinion of management, are subject to an insignificant risk of loss in value. The Company had $46,701,216 in cash at December 31, 2013.
Long-term investments	'
	Long-term investments in companies in which the Company has voting interests of 20% to 50% or where the Company has the ability to exercise significant influence, are accounted for using the equity method. Under this method, the Company’s share of the investees’ earnings and losses is included in operations and its investments therein are adjusted by a like amount. Dividends received are credited to the long-term investment accounts.
	Other long-term investments are classified as "available-for-sale" investments and unrealized gains and losses on these investments are recorded in accumulated other comprehensive income as a separate component of stockholders’ equity, unless the declines in market value are judged to be other than temporary, in which case the losses are recognized in income in the period. Gains and losses from the sale of these investments are included in income in the period.
Equipment	'
	Equipment, consisting of office, computer, field equipment and buildings, is recorded at cost less accumulated depreciation. Depreciation is recorded on a declining balance basis at rates ranging from 20% to 30% per annum.
Mineral property interests	'
	Costs of exploration and costs of carrying and retaining unproven properties are expensed as incurred. The Company considers mineral rights to be tangible assets and accordingly, the Company capitalizes certain costs related to the acquisition of mineral rights.
Asset retirement obligation	'
	The Company records the fair value of the liability for closure and removal costs associated with the legal obligations upon retirement or removal of any tangible long-lived assets where the initial recognition of any liability will be capitalized as part of the asset cost and depreciated over its estimated useful life. To date, the Company has not incurred any asset retirement obligations.
Impairment of long-lived assets	'
	Long-lived assets are continually reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future net cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the discounted carrying amount of the assets exceeds the fair value of the assets.
Stock-based compensation	'
	The Company applies the fair value method of accounting for all stock option awards, whereby the Company recognizes a compensation expense for all stock options awarded to employees, officers and consultants based on the fair value of the options on the date of grant, which is determined using the Black Scholes option pricing model. The options are expensed over the vesting period of the options.
Financial instruments	'
	The Company measures the fair value of financial assets and liabilities based on GAAP guidance which defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements.
	Under GAAP, fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. A fair value hierarchy is also established, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value.
	Level 1 – Quoted prices in active markets for identical assets or liabilities.
	Level 2 – Quoted prices for similar assets and liabilities in active markets or inputs that are observable.
	Level 3 – Inputs that are unobservable (for example cash flow modelling inputs based on assumptions).
Income taxes	'
	The Company follows the asset and liability method of accounting for income taxes whereby deferred income taxes are recognized for the deferred income tax consequences attributable to differences between the financial statement carrying values of existing assets and liabilities and their respective income tax bases (temporary differences). Deferred income tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the years in which temporary differences are expected to be recovered or settled. The effect on deferred income tax assets and liabilities of a change in tax rates is included in income in the period in which the change occurs. The amount of deferred income tax assets recognized is limited to the amount that is more likely than not to be realized.
Foreign currency translation	'
	The functional currency of the Company is the Canadian dollar. Accordingly, monetary assets and liabilities denominated in a foreign currency are translated at the exchange rate in effect at the balance sheet date while non-monetary assets and liabilities denominated in a foreign currency are translated at historical rates. Revenue and expense items denominated in a foreign currency are translated at exchange rates prevailing when such items are recognized in the statement of operations and comprehensive loss. Exchange gains or losses arising on translation of foreign currency items are included in the statement of operations and comprehensive loss.
	The Company follows the current rate method of translation with respect to its presentation of these consolidated financial statements in the reporting currency, which is the United States dollar. Accordingly, assets and liabilities are translated into United States dollars at the period-end exchange rates while revenue and expenses are translated at the prevailing exchange rates during the period. Related exchange gains and losses are included in a separate component of stockholders’ equity as accumulated other comprehensive income.
Net loss per share	'
	Basic net loss per share is computed by dividing the net loss for the period attributable to common stockholders by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share takes into consideration shares of common stock outstanding (computed under basic loss per share) and potentially dilutive shares of common stock. Diluted net loss per share is not presented separately from basic net loss per share as the conversion of outstanding stock options and warrants into common shares would be anti-dilutive. At December 31, 2013, the total number of potentially dilutive shares of common stock excluded from basic net loss per share was 14,400,500 (December 31, 2012 - 9,223,000; December 31, 2011 - 9,135,500).
Comparative figures	'
	Certain comparative figures have been reclassified to conform with the current year’s presentation.
Recent accounting pronouncements	'
	The accounting pronouncements issued by the Financial Accounting Standards Board during the year ended December 31, 2013 were not applicable to the Company.

5_EQUIPMENT_Tables

5. EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Equipment	'
		31-Dec-13							31-Dec-12
					Accumulated		Net Book					Accumulated		Net Book
			Cost		Depreciation		Value			Cost		Depreciation		Value
	Office equipment		$	92,057	$	64,123	$	27,934		$	122,931	$	90,900	$	32,031
	Computer equipment			459,426		349,636		109,790			523,893		353,944		169,949
	Field equipment			251,604		144,786		106,818			540,422		274,694		265,728
	Buildings			246,540		202,139		44,401			280,936		209,077		71,859
			$	1,049,627	$	760,684	$	288,943		$	1,468,182	$	928,615	$	539,567

6_MINERAL_PROPERTY_INTERESTS_T

6. MINERAL PROPERTY INTERESTS (Tables)	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Capitalized mineral property acquisition costs	'
	Capitalized mineral property acquisition costs are summarized as follows:
		December 31,		December 31,
		2013		2012
	USA
	Ann Mason	$	47,495,218	$	55,752,523
	Lordsburg		494,171		990,797
	Other		282,738		302,262
	Total USA		48,272,127		57,045,582
	AUSTRALIA
	Blue Rose JV		534,438		571,342
	Total Australia		534,438		571,342
	Total all locations	$	48,806,565	$	57,616,924
Exploration costs expensed	'
	Expensed exploration costs are summarized as follows:
		Year Ended		Year Ended		Year Ended
		December 31,		December 31,		December 31,
		2013		2012		2011
	US	$	3,940,264	$	5,857,999	$	14,088,428
	Mongolia		1,355,493		1,964,883		3,255,588
	Other		807,235		411,472		335,158
	Total all locations	$	6,102,992	$	8,234,354	$	17,679,174

9_COMMON_STOCK_Tables

9. COMMON STOCK (Tables)	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Stock option transactions	'
	Stock option transactions are summarized as follows:
				Number of Options	Weighted Average Exercise Price (C$)
	Balance at December 31, 2010			9,292,800	2.09
	Granted			575,000	2.77
	Exercised			-427,147	1.66
	Cancelled			-157,153	1.32
	Forfeited			-148,000	2.31
	Balance at December 31, 2011			9,135,500	2.16
	Granted			1,882,000	1.22
	Expired			-1,177,500	2.14
	Forfeited			-617,000	2.05
	Balance at December 31, 2012			9,223,000	1.98
	Granted			7,560,000	0.47
	Expired			-2,379,500	1.80
	Forfeited			-3,000	1.25
	Balance at December 31, 2013			14,400,500	1.22
Schedule of stock options outstanding	'
	At December 31, 2013, the following stock options were outstanding:
	Number of Options	Exercise	Aggregate Intrinsic Value (C$)		Expiry Date	Number of Options Exercisable	Aggregate Intrinsic Value (C$)
		Price
		(C$)
	50,000	1.27	-		18-Jan-14	50,000	-
	1,289,000	1.32	-		12-Feb-14	1,289,000	-
	1,472,500	2.60	-		29-Dec-14	1,472,500	-
	300,000	2.34	-		22-Sep-15	300,000	-
	1,372,500	2.86	-		22-Nov-15	1,372,500	-
	200,000	3.47	-		4-Jan-16	200,000	-
	125,000	2.94	-		8-Mar-16	125,000	-
	150,000	2.05	-		7-Jul-16	150,000	-
	100,000	2.23	-		15-Jul-16	100,000	-
	1,681,500	1.25	-		6-Jan-17	1,681,500	-
	100,000	0.73	-		18-Jun-17	100,000	-
	4,985,000	0.56	-		15-Mar-18	4,985,000	-
	50,000	0.32	-		9-Apr-18	50,000	-
	150,000	0.34	-		27-Jun-18	150,000	-
	2,375,000	0.30	23,750		19-Dec-18	2,375,000	23,750
	14,400,500		$            23,750			14,400,500	$             23,750
Stock-based compensation	'
			Year Ended				Year Ended			Year Ended			Cumulative to
			December 31,				December 31,			December 31,			December 31,
			2013				2012			2011			2013
	Exploration		$	294,676			$	267,452		$	146,343		$	4,369,529
	General and administration			1,127,621				940,426			844,818			19,806,528
			$	1,422,297			$	1,207,878		$	991,161		$	24,176,057
Schedule of fair value assumptions	'
	The following weighted-average assumptions were used for the Black-Scholes valuation of stock options granted:
			December 31, 2013				December 31,  2012			December 31,  2011
	Risk-free interest rate			1.3	%			1.13	%		2.06	%
	Expected life of options (years)			4.3				4.9			4.2
	Annualized volatility			75	%			73	%		74	%
	Dividend rate			0	%			0	%		0	%

10_SEGMENT_INFORMATION_Tables

10. SEGMENT INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
SEGMENT INFORMATION	'
	Geographic information is as follows:
		December 31, 2013		December 31, 2012
	Identifiable assets
	USA	$	49,405,542	$	58,094,222
	Canada		45,822,245		3,953,053
	Australia		1,642,736		1,487,117
	Mongolia		504,408		613,723
	Other		20,174		25,415
		$	97,395,105	$	64,173,530

11_INCOME_TAXES_Tables

11. INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Income taxes at statutory rates with the reported taxes	'
	A reconciliation of income taxes at statutory rates with the reported taxes is as follows:
		Year Ended December 31, 2013			Year Ended December 31, 2012			Year Ended December 31, 2011
	Loss for the year	$	(13,484,781	)	$	(14,866,359	)	$	(21,969,902	)
	Statutory rate		25.75	%		25	%		26.5	%
	Expected income tax recovery		(3,472,331	)		(3,716,590	)		(5,822,024	)
	Permanent differences and other		(78,811	)		270,521			(22,083	)
	Difference in foreign tax rates and enacted tax rates		(366,039	)		(577,544	)		(1,152,540	)
	Change in valuation allowance		1,611,239			4,353,383			2,014,763
	Withholding taxes		243,186			-			152,190
	Total income tax expense (recovery)	$	(2,062,756	)	$	329,770		$	(4,829,694	)
	Current income tax expense		319,112			-			152,190
	Deferred income tax expense (recovery)		(2,381,868	)		329,770			(4,981,884	)
	Total income taxes	$	(2,062,756	)	$	329,770		$	(4,829,694	)
Components of deferred income tax assets and liabilities	'
	The significant components of the Company’s deferred income tax assets and liabilities are as follows:
		Year Ended December 31, 2013			Year Ended December 31, 2012
	Deferred income tax assets:
	Non-capital loss carry forward	$	20,423,498		$	18,940,044
	Resource expenditures		9,278,934			9,116,317
	Equipment		144,776			127,684
	Share issue and legal costs		149,596			248,806
	Other		349,379			317,704
			30,346,183			28,750,555
	Valuation allowance		(23,973,665	)		(22,362,426	)
	Net deferred income tax assets	$	6,372,518		$	6,388,129
	Deferred income tax liabilities:
	Mineral property interests	$	(13,713,034	)	$	(16,110,513	)
	Net deferred income tax liabilities	$	(13,713,034	)	$	(16,110,513	)
	Net deferred income tax liabilities	$	(7,340,516	)	$	(9,722,384	)

13_ACCUMULATED_OTHER_COMPREHEN1

13. ACCUMULATED OTHER COMPREHENSIVE INCOME (OCI) (Tables)	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
ACCUMULATED OTHER COMPREHENSIVE INCOME	'
		Year Ended			Year Ended			Year Ended
		December 31,			December 31,			December 31,
		2013			2012			2011
	Accumulated OCI, beginning of period:
	Currency translation adjustment	$	3,253,019		$	1,901,351	$	3,002,717
	Available for sale of securities		-			-		2,747,997
		$	3,253,019		$	1,901,351	$	5,750,714
	Other comprehensive income (loss) for the period:
	Currency translation adjustments	$	(2,787,404	)	$	1,351,668	$	$ (1,101,366	)
	Unrealized gain on available for sale investments		-			-		715,428
	Release of OCI on available for sale investments		-			-		(3,463,425	)
		$	(2,787,404	)	$	1,351,668	$	(3,849,363	)
	Accumulated OCI, end of period:
	Currency translation adjustment	$	465,615		$	3,253,019	$	1,901,351
		$	465,615		$	3,253,019	$	1,901,351

15_COMMITMENTS_Tables

15. COMMITMENTS (Tables)	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Lease payments	'
	The Company is committed to make lease payments for the rental of office space as follows:
	2014	$	296,734
	2015		210,508
	2016		211,165
	2017		87,985
		$	806,392

2_SIGNIFICANT_ACCOUNTING_POLIC2

2. SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Significant Accounting Policies Details Narrative	'	'	'
Potentially dilutive shares	14,400,500	9,223,000	9,135,500

3_CASH_AND_CASH_EQUIVALENTS_De

3. CASH AND CASH EQUIVALENTS (Details Narrative) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010	Apr. 08, 1996
Cash And Cash Equivalents Details Narrative	'	'	'	'	'
Cash and cash equivalents	$46,701,216	$4,255,508	$14,512,198	$21,296,169	$0

4_LONGTERM_INVESTMENTS_Details

4. LONG-TERM INVESTMENTS (Details Narrative) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
LONG-TERM INVESTMENTS	'	'	'
Loss in joint venture	$146,051	$1,012,156	$2,397,085
Accrued interest expense	$260,453	$229,359	$151,952

5_EQUIPMENT_Details

5. EQUIPMENT (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
PropertyPlant and Equipment	'	'
Cost	$1,049,627	$1,468,182
Accumulated Depreciation	760,684	928,615
Net Book Value	288,943	539,567
OfficeEquipmentMember	'	'
PropertyPlant and Equipment	'	'
Cost	92,057	122,931
Accumulated Depreciation	64,123	90,900
Net Book Value	27,934	32,031
ComputerEquipmentMember	'	'
PropertyPlant and Equipment	'	'
Cost	459,426	523,893
Accumulated Depreciation	349,636	353,944
Net Book Value	109,790	169,949
FieldEquipmentMember	'	'
PropertyPlant and Equipment	'	'
Cost	251,604	540,422
Accumulated Depreciation	144,786	274,694
Net Book Value	106,818	265,728
BuildingMember	'	'
PropertyPlant and Equipment	'	'
Cost	246,540	280,936
Accumulated Depreciation	202,139	209,077
Net Book Value	$44,401	$71,859

6_MINERAL_PROPERTY_INTERESTS_D

6. MINERAL PROPERTY INTERESTS (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Capitalized mineral property acquisition Cost	$48,806,565	$57,616,924
USAMember	'	'
Capitalized mineral property acquisition Cost	48,272,127	57,045,582
USAMember | AnnMasonMember	'	'
Capitalized mineral property acquisition Cost	47,495,218	55,752,523
USAMember | LordsburgMember	'	'
Capitalized mineral property acquisition Cost	494,171	990,797
USAMember | OtherProperty	'	'
Capitalized mineral property acquisition Cost	282,738	302,262
AustraliaMember	'	'
Capitalized mineral property acquisition Cost	534,438	571,342
AustraliaMember | BlueRoseJVMember	'	'
Capitalized mineral property acquisition Cost	$534,438	$571,342

6_MINERAL_PROPERTY_INTERESTS_D1

6. MINERAL PROPERTY INTERESTS (Details 1) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Exploration costs	$6,102,992	$8,234,354	$17,679,174
USMember	'	'	'
Exploration costs	3,940,264	5,857,999	14,088,428
MongoliaMember	'	'	'
Exploration costs	1,355,493	1,964,883	3,255,588
OtherCountryMember	'	'	'
Exploration costs	$807,235	$411,472	$335,158

8_SANDSTORM_FINANCING_ARRANGEM1

8. SANDSTORM FINANCING ARRANGEMENT (Details) (USD $)	12 Months Ended
	Dec. 31, 2013
Sandstorm Financing Arrangement Details	'
Consultancy and advisory fees	$936,926
Legals fees included in general and adminstration expenses	192,203
Share issuance costs	$86,636

9_COMMON_STOCK_Details

9. COMMON STOCK (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Number of options	'	'	'
Beginning Balance	9,223,000	9,135,500	9,292,800
Granted	7,560,000	1,882,000	575,000
Exercised	'	'	-427,147
Cancelled	'	'	-157,153
Expired	-2,379,500	-1,177,500	'
Forfeited	-3,000	-617,000	-148,000
Ending Balance	14,400,500	9,223,000	9,135,500
Weighted Average Exercise Price	'	'	'
Beginning Balance	$1.98	$2.16	$2.09
Granted	$0.47	$1.22	$2.77
Exercised	'	'	$1.66
Cancelled	'	'	$1.32
Expired	$1.80	$2.14	'
Forfeited	$1.25	$2.05	$2.31
Ending Balance	$1.22	$1.98	$2.16

9_COMMON_STOCK_Details_1

9. COMMON STOCK (Details 1) (USD $)	Dec. 31, 2013
Option Outstanding	'
Number of Options	14,400,500
Exercise Price, ($C)	'
Aggregate Intrinsic Value, (C$)	$23,750
Number of Options Exercisable	'
Number of Shares	14,400,500
Aggregate Intrinsic Value ($C)	23,750
ShareBasedCompensationStockOptionOneMember	'
Option Outstanding	'
Number of Options	50,000
Exercise Price, ($C)	$1.27
Aggregate Intrinsic Value, (C$)	0
Expiry Date	18-Jan-14
Number of Options Exercisable	'
Number of Shares	50,000
Aggregate Intrinsic Value ($C)	0
ShareBasedCompensationStockOptionTwoMember	'
Option Outstanding	'
Number of Options	1,289,000
Exercise Price, ($C)	$1.32
Aggregate Intrinsic Value, (C$)	0
Expiry Date	12-Feb-14
Number of Options Exercisable	'
Number of Shares	1,289,000
Aggregate Intrinsic Value ($C)	0
ShareBasedCompensationStockOptionThreeMember	'
Option Outstanding	'
Number of Options	1,472,500
Exercise Price, ($C)	$2.60
Aggregate Intrinsic Value, (C$)	0
Expiry Date	29-Dec-14
Number of Options Exercisable	'
Number of Shares	1,472,500
Aggregate Intrinsic Value ($C)	0
ShareBasedCompensationStockOptionFourMember	'
Option Outstanding	'
Number of Options	300,000
Exercise Price, ($C)	$2.34
Aggregate Intrinsic Value, (C$)	0
Expiry Date	22-Sep-15
Number of Options Exercisable	'
Number of Shares	300,000
Aggregate Intrinsic Value ($C)	0
ShareBasedCompensationStockOptionFiveMember	'
Option Outstanding	'
Number of Options	1,372,500
Exercise Price, ($C)	$2.86
Aggregate Intrinsic Value, (C$)	0
Expiry Date	22-Nov-15
Number of Options Exercisable	'
Number of Shares	1,372,500
Aggregate Intrinsic Value ($C)	0
ShareBasedCompensationStockOptionSixMember	'
Option Outstanding	'
Number of Options	200,000
Exercise Price, ($C)	$3.47
Aggregate Intrinsic Value, (C$)	0
Expiry Date	4-Jan-16
Number of Options Exercisable	'
Number of Shares	200,000
Aggregate Intrinsic Value ($C)	0
ShareBasedCompensationStockOptionSevenMember	'
Option Outstanding	'
Number of Options	125,000
Exercise Price, ($C)	$2.94
Aggregate Intrinsic Value, (C$)	0
Expiry Date	8-Mar-16
Number of Options Exercisable	'
Number of Shares	125,000
Aggregate Intrinsic Value ($C)	0
ShareBasedCompensationStockOptionEightMember	'
Option Outstanding	'
Number of Options	150,000
Exercise Price, ($C)	$2.05
Aggregate Intrinsic Value, (C$)	0
Expiry Date	7-Jul-16
Number of Options Exercisable	'
Number of Shares	150,000
Aggregate Intrinsic Value ($C)	0
ShareBasedCompensationStockOptionNineMember	'
Option Outstanding	'
Number of Options	100,000
Exercise Price, ($C)	$2.23
Aggregate Intrinsic Value, (C$)	0
Expiry Date	15-Jul-16
Number of Options Exercisable	'
Number of Shares	100,000
Aggregate Intrinsic Value ($C)	0
ShareBasedCompensationStockOptionTenMember	'
Option Outstanding	'
Number of Options	1,681,500
Exercise Price, ($C)	$1.25
Aggregate Intrinsic Value, (C$)	0
Expiry Date	6-Jan-17
Number of Options Exercisable	'
Number of Shares	1,681,500
Aggregate Intrinsic Value ($C)	0
ShareBasedCompensationStockOptionElevenMember	'
Option Outstanding	'
Number of Options	100,000
Exercise Price, ($C)	$0.73
Aggregate Intrinsic Value, (C$)	0
Expiry Date	18-Jun-17
Number of Options Exercisable	'
Number of Shares	100,000
Aggregate Intrinsic Value ($C)	0
ShareBasedCompensationStockOptionTwelveMember	'
Option Outstanding	'
Number of Options	4,985,000
Exercise Price, ($C)	$0.56
Aggregate Intrinsic Value, (C$)	0
Expiry Date	15-Mar-18
Number of Options Exercisable	'
Number of Shares	4,985,000
Aggregate Intrinsic Value ($C)	0
ShareBasedCompensationStockOptionThirteenMember	'
Option Outstanding	'
Number of Options	50,000
Exercise Price, ($C)	$0.32
Aggregate Intrinsic Value, (C$)	0
Expiry Date	9-Apr-18
Number of Options Exercisable	'
Number of Shares	50,000
Aggregate Intrinsic Value ($C)	0
ShareBasedCompensationStockOptionFourteenMember	'
Option Outstanding	'
Number of Options	150,000
Exercise Price, ($C)	$0.34
Aggregate Intrinsic Value, (C$)	0
Expiry Date	27-Jun-18
Number of Options Exercisable	'
Number of Shares	150,000
Aggregate Intrinsic Value ($C)	0
ShareBasedCompensationStockOptionFifteenMember	'
Option Outstanding	'
Number of Options	2,375,000
Exercise Price, ($C)	$0.30
Aggregate Intrinsic Value, (C$)	23,750
Expiry Date	19-Dec-18
Number of Options Exercisable	'
Number of Shares	2,375,000
Aggregate Intrinsic Value ($C)	$23,750

9_COMMON_STOCK_Details_2

9. COMMON STOCK (Details 2) (USD $)	12 Months Ended			213 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2013
Stock based compensation	$1,422,297	$1,207,878	$991,161	$24,176,057
Exploration	'	'	'	'
Stock based compensation	294,676	267,452	146,343	4,369,529
General and Administrative	'	'	'	'
Stock based compensation	$1,127,621	$940,426	$844,818	$19,806,528

9_COMMON_STOCK_Details_3

9. COMMON STOCK (Details 3)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Black-Scholes valuation of stock options granted	'	'	'
Risk-free interest rate	1.30%	1.13%	2.06%
Expected life of options (years)	'4 years 3 months 18 days	'4 years 10 months 24 days	'4 years 2 months 12 days
Annualized volatility	75.00%	73.00%	74.00%
Dividend rate	0.00%	0.00%	0.00%

10_SEGMENT_INFORMATION_Details

10. SEGMENT INFORMATION (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
SEGMENT INFORMATION	'	'
Identifiable Assets	$97,395,105	$64,173,530
USAMember	'	'
SEGMENT INFORMATION	'	'
Identifiable Assets	49,405,542	58,094,222
CanadaMember	'	'
SEGMENT INFORMATION	'	'
Identifiable Assets	45,822,245	3,953,053
AustraliaMember	'	'
SEGMENT INFORMATION	'	'
Identifiable Assets	1,642,736	1,487,117
MongoliaMember	'	'
SEGMENT INFORMATION	'	'
Identifiable Assets	504,408	613,723
OtherCountryMember	'	'
SEGMENT INFORMATION	'	'
Identifiable Assets	$20,174	$25,415

11_INCOME_TAXES_Details

11. INCOME TAXES (Details) (USD $)	12 Months Ended			213 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2013
Income Taxes Details	'	'	'	'
Loss for the year	($13,484,781)	($14,866,359)	($21,969,902)	($159,556,904)
Statutory rate	25.75%	25.00%	26.50%	'
Expected income tax recovery	-3,472,331	-3,716,590	-5,822,024	'
Permanent differences and other	-78,811	270,521	-22,083	'
Difference in foreign tax rates and enacted tax rates	-366,039	-577,544	-1,152,540	'
Change in valuation allowance	1,611,239	4,353,383	2,014,763	'
Withholding taxes	243,186	0	152,190	'
Total income tax expense (recovery)	-2,062,756	329,770	-4,829,694	'
Current income tax expense	319,112	0	152,190	'
Deferred income tax expense (recovery)	2,381,868	-329,770	4,981,884	7,579,394
Total income taxes	($2,062,756)	$329,770	($4,829,694)	'

11_INCOME_TAXES_Detials_1

11. INCOME TAXES (Detials 1) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Deferred income tax assets:	'	'
Non-capital loss carry forward	$20,423,498	$18,940,044
Resource expenditures	9,278,934	9,116,317
Equipment	144,776	127,684
Share issue and legal costs	149,596	248,806
Other	349,379	317,704
Deferred Tax Assets, Gross	30,346,183	28,750,555
Valuation allowance	-23,973,665	-22,362,426
Net deferred income tax assets	6,372,518	6,388,129
Deferred income tax liabilities:	'	'
Mineral property interests	-13,713,034	-16,110,513
Net deferred income tax liabilities	-13,713,034	-16,110,513
Net deferred income tax liabilities	($7,340,516)	($9,722,384)

12_FINANCIAL_INSTRUMENTS_Detai

12. FINANCIAL INSTRUMENTS (Details Narrative) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010	Apr. 08, 1996
Financial Instruments Details Narrative	'	'	'	'	'
Cash and cash equivalents	$46,701,216	$4,255,508	$14,512,198	$21,296,169	$0

13_ACCUMULATED_OTHER_COMPREHEN2

13. ACCUMULATED OTHER COMPREHENSIVE INCOME (OCI) (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Accumulated Other Comprehensive Income Oci Details	'	'	'
Currency translation adjustment	$3,253,019	$1,901,351	$3,002,717
Available for sale securities	0	0	2,747,997
Total Accumulated OCI, beginning of period	3,253,019	1,901,351	5,750,714
Currency translation adjustments	-2,787,404	1,351,668	-1,101,366
Unrealized gain on available for sale investments	0	0	715,428
Release of OCI on available for sale investments	0	0	-3,463,425
Total Other comprehensive income (loss) for the period	-2,787,404	1,351,668	-3,849,363
Currency translation adjustment	465,615	3,253,019	1,901,351
Total Accumulated OCI, end of period	$465,615	$3,253,019	$1,901,351

14_SUPPLEMENTAL_DISCLOSURE_WIT1

14. SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS (Details Narrative) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Supplemental Disclosure With Respect To Cash Flows Details Narrative	'	'	'
Value of shares issued for mineral property acquisitions	$0	$378,776	$1,721,110
Loan advance from OTLLC	$0	$1,012,156	$2,397,085

15_COMMITMENTS_Details

15. COMMITMENTS (Details) (USD $)	Dec. 31, 2013
COMMITMENTS	'
2014	$296,734
2015	210,508
2016	211,165
2017	87,985
Total	$806,392

15_COMMITMENTS_Details_Narrati

15. COMMITMENTS (Details Narrative) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Commitments Details Narrative	'	'	'
Lease expense	$393,707	$398,266	$382,878

16_TRANSACTIONS_WITH_RELATED_P1

16. TRANSACTIONS WITH RELATED PARTIES (Details Narrative) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Transactions With Related Parties Details Narrative	'	'
Related party consulting fees	$1,167	$0