White Mountain Titanium (WMTM) 10-K 28 Mar 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2015	Mar. 28, 2016	Jun. 30, 2015
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2015
Trading Symbol	wmtm
Entity Registrant Name	WHITE MOUNTAIN TITANIUM CORP
Entity Central Index Key	1,284,766
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		96,114,442
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well Known Seasoned Issuer	No
Entity Public Float			$ 19,425,341
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Current
Cash	$ 396,878	$ 949,806
Prepaid expenses	196,924	89,631
Receivables	2,203	25,468
Total Current Assets	596,005	1,064,905
Property and Equipment	286,416	278,015
Mineral Properties	651,950	651,950
Technology Rights	0	0
Total Assets	1,534,371	1,994,870
Current
Accounts payable and accrued liabilities	135,354	317,515
Total Liabilities	135,354	317,515
Stockholders' Equity
Prefered Stock and Paid-in Capital in Excess of $0.001 Par Value 100,000,000 shares authorized Nil (2014 - Nil) shares issued and outstanding	0	0
Common Stock and Paid-in Capital in Excess of $0.001 Par Value 500,000,000 shares authorized 96,114,442 (2014 - 85,905,392) shares issued and outstanding	61,052,678	57,211,235
Deficit Accumulated During the Exploration Stage	(59,653,661)	(55,533,880)
Total Stockholders' Equity	1,399,017	1,677,355
Total Liabilities and Stockholders' Equity	$ 1,534,371	$ 1,994,870

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2015	Dec. 31, 2014
Preferred Stock, Par Value	$ 0.001	$ 0.001
Preferred Stock, shares authorized	100,000,000	100,000,000
Preferred stock, shares issued
Preferred Stock, shares outstanding
Common Stock, Par Value	$ 0.001	$ 0.001
Common Stock, shares authorized	500,000,000	500,000,000
Common Stock, shares issued	96,114,442	85,905,392
Common Stock, shares outstanding	96,114,442	85,905,392

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Expenses
Advertising and promotion	$ 303,574	$ 36,286	$ 35,367
Amortization	55,334	389,573	374,821
Bank charges and interest	16,254	19,140	17,974
Consulting fees	529,088	570,985	204,057
Consulting fees - directors and officers	994,127	889,118	463,579
Exploration	1,036,235	2,403,199	1,725,190
Filing fees	22,660	16,981	26,400
Insurance	37,689	37,418	42,046
Investor relations, net	32,929	56,475	7,500
Licenses and taxes	(98,867)	(36,765)	0
Management fees	142,594	774,247	404,912
Office	78,661	95,003	117,992
Professional fees	431,734	425,368	275,756
Rent	215,591	195,857	170,217
Research and development	0	8,197	335,188
Telephone	25,979	33,321	30,477
Transfer agent fees	6,593	6,014	9,005
Travel and vehicle	236,606	284,913	165,181
Loss Before Other Items	(4,066,781)	(6,205,330)	(4,405,662)
Impairment Loss on Long-Lived Asset	0	(1,477,774)	0
Foreign Exchange	(53,000)	(68,026)	(88,206)
Interest Income	0	59	51
Net Loss and Comprehensive Loss for Year	$ (4,119,781)	$ (7,751,071)	$ (4,493,817)
Basic and Diluted Loss Per Common Share	$ (0.05)	$ (0.10)	$ (0.07)
Weighted Average Number of Shares of Common Stock Outstanding	90,150,069	80,416,077	65,297,413

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Operating Activities
Net loss for year	$ (4,119,781)	$ (7,751,071)	$ (4,493,817)
Items not involving cash
Amortization	55,334	389,573	374,821
Stock-based compensation	475,443	588,248	164,912
Common stock issued for services	111,000	327,600	0
Write-off of intangible assets	0	1,477,774	0
Changes in non-cash working capital
Prepaid expenses	(107,293)	(11,828)	15,972
Receivables	23,265	8,051	31,328
Accounts payable and accrued liabilities	(182,160)	(158,655)	164,568
Cash Used in Operating Activities	(3,744,192)	(5,130,308)	(3,742,216)
Investing Activities
Additions to property and equipment	(63,736)	(161,882)	(78,259)
Cash Used in Investing Activities	(63,736)	(161,882)	(78,259)
Financing Activities
Issuance of common stock for cash	3,255,000	4,185,000	4,750,751
Cash Provided by Financing Activities	3,255,000	4,185,000	4,750,751
Foreign Exchange Effect on Cash	0	0	0
Outflow of Cash	(552,928)	(1,107,190)	930,276
Cash, Beginning of Year	949,806	2,056,996	1,126,720
Cash, End of Year	396,878	949,806	2,056,996
Supplemental Cash Flow Information
Common shares issued for services	111,000	327,600	0
Income tax paid	0	0	0
Interest paid	$ 0	$ 0	$ 0

Consolidated Statements of Stoc

Consolidated Statements of Stockholders Equity (Deficit) - USD ($)	Shares of Common Stock [Member]	Common Stock and Paid-In Capital in Excess of Par Value [Member]	Accumulated Deficit [Member]	Total
Beginning Balance at Dec. 31, 2012	$ 63,836,689	$ 47,194,724	$ (43,288,992)	$ 3,905,732
Stock-based compensation		164,912		164,912
Shares issued for cash	0
Private placement	10,018,703	4,750,751		4,750,751
Net loss for the year			(4,493,817)	(4,493,817)
Ending Balance at Dec. 31, 2013	73,855,392	52,110,387	(47,782,809)	4,327,578
Stock-based compensation		588,248		588,248
Shares issued for services	800,000	327,600		327,600
Private placement	11,250,000	4,185,000		4,185,000
Net loss for the year			(7,751,071)	(7,751,071)
Ending Balance at Dec. 31, 2014	85,905,392	57,211,235	(55,533,880)	1,677,355
Stock-based compensation	1,159,050	475,443		475,443
Shares issued for services	300,000	111,000		111,000
Private placement	8,750,000	3,255,000		3,255,000
Net loss for the year			(4,119,781)	(4,119,781)
Ending Balance at Dec. 31, 2015	$ 96,114,442	$ 61,052,678	$ (59,653,661)	$ 1,399,017

NATURE OF BUSINESS AND BASIS OF

NATURE OF BUSINESS AND BASIS OF PRESENTATION	12 Months Ended
	Dec. 31, 2015
NATURE OF BUSINESS AND BASIS OF PRESENTATION [Text Block]	1. NATURE OF BUSINESS AND BASIS OF PRESENTATION White Mountain Titanium Corporation (the “ Company Cerro Blanco These consolidated financial statements are prepared in accordance with United States (“ US GAAP

GOING CONCERN

GOING CONCERN	12 Months Ended
	Dec. 31, 2015
GOING CONCERN [Text Block]	2. GOING CONCERN These consolidated financial statements have been prepared by management on the basis of GAAP applicable to a going concern, which assumes the Company will continue to operate for the foreseeable future and will be able to realize its assets and discharge its liabilities in the normal course of operations. The Company has an accumulated deficit of $59,653,661 (2014 - $55,533,880) and incurred a loss of $4,119,781 (2014 - $7,751,071), has not yet commenced revenue-producing operations, and has significant expenditure requirements to continue to advance its exploration and development activities on the Cerro Blanco property. These consolidated financial statements do not reflect adjustments that would be necessary if the going concern assumption were not appropriate because management believes the actions already taken or planned will mitigate the adverse conditions and events that raise substantial doubts about the validity of the going concern assumption used in preparing these consolidated financial statements. Management intends to raise additional capital through stock issuances to finance operations and invest in other business opportunities. If the going concern assumption were not appropriate for these consolidated financial statements, then adjustments would be necessary to the carrying values of the assets and liabilities, the reported expenses, and the balance sheet classifications used.

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2015
SIGNIFICANT ACCOUNTING POLICIES [Text Block]	3. SIGNIFICANT ACCOUNTING POLICIES (a) Principles of consolidation These consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, Sociedad Contractual Minera White Mountain Titanium (“ White Mountain Chile (b) Amortization Amortization for property and equipment is provided using a straight-line method based on the following estimated useful lives: Vehicles - 5 years Office furniture - 5 years Office equipment - 5 years Computer equipment - 5 years Computer software - 1 - 5 years Field equipment - 5 years Technology rights are amortized on a straight-line basis over their estimated useful life of nine years, which is the expected development period of the technology. (c) Exploration expenditures The Company is in the exploration stage of developing its mineral properties and has not yet determined whether these properties contain ore reserves that are economically recoverable. Exploration costs incurred in locating areas of potential mineralization are expensed as incurred. Mineral property acquisition costs are capitalized. Commercial feasibility is established in compliance with the United States Securities and Exchange Commission (“ SEC Mining projects and properties are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of these assets may not be recoverable. If the estimated future cash flows expected to result from the use of the mining project or property and its eventual disposition are less than the carrying amount of the mining project or property, impairment is recognized based upon the estimated fair value of the mining project or property. Fair value is generally based on the present value of the estimated future net cash flows for each mining project or property, calculated using estimated mineable reserves and mineral resources based on engineering reports, projected rates of production over the estimated life of the mine, recovery rates, capital requirements, remediation costs and future prices considering the Company’s hedging and marketing plans. (d) Research and development The Company expenses all research and development costs, related to technology rights, as incurred. (e) Asset retirement obligations (“ARO”) The Company recognizes a legal liability for obligations related to the retirement of property and equipment, and obligations arising from the acquisition, construction, development or normal operations of those assets. Such asset retirement costs must be recognized at fair value when a reasonable estimate of fair value can be estimated in the period in which the liability is incurred. A corresponding increase to the carrying amount of the related asset, where one is identifiable, is recorded and amortized over the life of the asset. Where a related future value is not easily identifiable with a liability, the change in fair value over the course of the year is expensed. The amount of the liability is subject to remeasurement at each reporting period. The estimates are based principally on legal and regulatory requirements. It is possible that the Company’s estimates of its ultimate reclamation and closure liabilities could change as a result of changes in regulations, changes in the extent of environmental remediation required, changes in the means of reclamation or changes in cost estimates. Changes in estimates are accounted for prospectively commencing in the period the estimate is revised. (f) Long-lived assets Long-lived assets, including mineral properties and intangible assets with determinable useful lives, are reviewed for impairment whenever events or changes in circumstances indicate 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 the assets to the future undiscounted net cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets and is charged to earnings. Assets to be disposed of are reported at the lower of the carrying amount or fair value less the costs to sell. Intangible assets with determinable useful lives are amortized on a straight-line basis over their respective estimated useful lives. (g) Income taxes The Company uses the asset and liability method of accounting for income taxes, which requires the recognition of deferred tax liabilities and assets for expected future tax consequences of temporary differences between the carrying amounts and the tax basis of assets and liabilities. Deferred tax assets and liabilities are measured using tax rates expected to be in effect when the temporary differences are likely to be realized. A valuation allowance against deferred tax assets is recorded if, based upon weighted available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized. The Company provides for uncertain tax provisions and the related interest and penalties based upon management’s assessment of whether a tax benefit is more likely than not to be sustained upon examination by tax authorities. This assessment is based on only the technical merits of the tax position. If a tax position does not meet the more likely than not recognition threshold, the benefit of that position is not recognized in the financial statements and a liability for unrecognized tax benefits is established. A tax position that meets the more likely than not recognition threshold is measured to determine the amount of benefit to recognize in the financial statements. The tax benefit recognized is measured as the largest amount of benefit that is greater than 50% likely of being realized upon ultimate resolution with a taxing authority. (h) Stock-based compensation The Company accounts for stock-based compensation expenses associated with stock options and other forms of equity compensation in accordance with the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ ASC S tock Compensation (i) Loss per share The Company accounts for loss per share in accordance with ASC 260-10 Earnings Per Share The calculation of diluted loss per share excludes the effects of all common share equivalents that would be anti-dilutive. (j) Financial instruments All financial instruments are classified as one of the following: held-to-maturity, loans and receivables, held-for-trading, available-for-sale or other financial liabilities. Financial assets and liabilities held-for- trading are measured at fair value with gains and losses recognized in net loss. Financial assets held-to- maturity, loans and receivables, and other financial liabilities are measured at amortized cost using the effective interest method. Available-for-sale instruments are measured at fair value with unrealized gains and losses recognized in other comprehensive income (loss) and reported in shareholders’ equity. Any financial instrument may be designated as held-for- trading upon initial recognition. Transaction costs that are directly attributable to the acquisition or issue of financial instruments that are classified as other than held-for-trading, which are expensed as incurred, are included in the initial carrying value of such instruments. (k) Conversion of foreign currency The functional and reporting currency of the Company and its subsidiaries is the US dollar. The Company’s foreign operations are remeasured into US dollars as follows: • Monetary assets and liabilities, at year-end rates; • All other assets and liabilities, at historical rates; and • Revenue and expense items, at the exchange rate in effect on the date of the transaction. Exchange gains and losses arising from these transactions are reflected in operations for the year. (l) Use of estimates The preparation of consolidated financial statements in conformity with US GAAP requires the use of certain critical accounting estimates. It also requires management to exercise its judgment in the process of applying the Company’s accounting policies. Management believes the estimates are reasonable; however, actual results could differ from those estimates and could impact future results of operations. The areas where assumptions, estimates and judgments are significant to the consolidated financial statements relate to, but are not limited to, the following: i) The assumption that Company will be able to continue as a going concern is subject to critical judgments of management with respect to assumptions surrounding the short and long-term operating budget, expected profitability, investing and financing activities and management’s strategic planning. Should those judgments prove to be inaccurate, management’s continued use of the going concern assumption could be inappropriate ii) The recoverability of the carrying value of the mineral properties: the assessment of the impairment indicators involves the application of a number of significant judgments and estimates to certain variables, including metal price trends, plans for properties, and the results of exploration and evaluation to date; iii) Fair value of share-based payments: the fair value of share based payments resulting from issuing instruments that are not traded in an active market is determined by using a valuation technique. Management makes estimates and utilizes assumptions in determining the fair value for share-based payments in determining inputs to be used for the Black-Scholes option pricing model; iv) The Company applies judgment in assessing the functional currency of each entity consolidated in these financial statements; v) Deferred tax assets: the assessment of availability of future taxable profits involves judgment. A deferred tax asset is recognized to the extent that it is probable that taxable profits will be available against which deductible temporary differences and the carry- forward of unused tax credits and unused tax losses can be utilized. vi) The estimated useful lives of property, plant and equipment, which are included in the consolidated statements of financial position and the related depreciation included in the consolidated statements of income; and vii) The inputs used in determining the net present value of the liability for provisions related to decommissioning and restoration included in the consolidated statements of financial position. (m) Future accounting pronouncements (i) In September 2015 the FASB issued Update No. 2015-16 Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments. The amendments in this Update require that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The amendments in this Update require that the acquirer record, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. The amendments in this Update require an entity to present separately on the face of the income statement or disclose in the notes the portion of the amount recorded in current-period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized as of the acquisition date. The amendments are effective for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years. The amendments should be applied prospectively to adjustments to provisional amounts that occur after the effective date of this Update with earlier application permitted for financial statements that have not been issued. (ii) In February 2015 the FASB issued update No. 2015-02 Consolidation (Topic 810) Amendments to the Consolidated Analysis. 1. Modify the evaluation of whether limited partnerships and similar legal entities are variable interest entities (VIEs) or voting interest entities 2. Eliminate the presumption that a general partner should consolidate a limited partnership 3. Affect the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships 4. Provide a scope exception from consolidation guidance for reporting entities with interests in legal entities that are required to comply with or operate in accordance with requirements that are similar to those in Rule 2a-7 of the Investment Company Act of 1940 (iii) In August 2014, the FASB issued Update No. 2014-15— Presentation of Financial Statements— Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (iv) In June 2014, the FASB issued Update No. 2014-12— Compensation—Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period

FINANCIAL INSTRUMENTS AND RISKS

FINANCIAL INSTRUMENTS AND RISKS	12 Months Ended
	Dec. 31, 2015
FINANCIAL INSTRUMENTS AND RISKS [Text Block]	4. FINANCIAL INSTRUMENTS AND RISKS The Company has classified its financial instruments as follows: Cash– as held-for-trading (a) Fair value The Company’s financial instruments consist of cash, accounts payable, and accrued liabilities. The carrying amounts of these instruments approximate their respective fair values due to the short maturities of these instruments. The three levels of the fair value hierarchy are described below: • Level 1 - quoted prices (unadjusted) in active markets for identical assets or liabilities; • Level 2 - inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly (e.g., as prices) or indirectly (e.g., derived from prices); and • Level 3 - inputs for the asset or liability that are not based on observable market data (unobservable inputs). The following table summarizes fair value measurement by level at December 31, 2015 and 2014, for assets and liabilities measured at fair value on a recurring basis. December 31, 2015 Level 1 Level 2 Level 3 Total Cash $ 396,878 $ - $ - $ 396,878 December 31, 2014 Level 1 Level 2 Level 3 Total Cash $ 949,806 $ - $ - $ 949,806 (b) Credit risk Credit risk is the risk that a counterparty to a financial instrument will fail to discharge its contractual obligations. The Company mitigates credit risk by maintaining its cash with high credit quality US, Chilean and Chinese financial institutions. The receivables consist of VAT tax credits from the Government of Chile. (c) Liquidity risk Liquidity risk is the risk that the Company will encounter difficulty in satisfying financial obligations as they become due. The Company manages its liquidity risk by forecasting cash flows required for operations and anticipated investing and financing activities. The Company’s cash at December 31, 2015 totaled $396,878 (2014 - $949,806). At December 31, 2015, the Company had accounts payable and accrued liabilities of $135,354 (2014 - $317,515), all of which are due in the first fiscal quarter of 2015. (d) Market risk Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate due to changes in market prices. Market risk comprises three types of risk: interest rate risk, foreign currency risk and other price risk. (i) Interest rate risk Interest rate risk consists of two components: (a) To the extent that payments made or received on the Company’s monetary assets and liabilities are affected by changes in the prevailing market interest rates, the Company is exposed to interest rate cash flow risk. (b) To the extent that changes in prevailing market interest rates differ from the interest rate in the Company’s monetary assets and liabilities, the Company is exposed to interest rate price risk. The Company’s cash consists of cash held in bank accounts. Due to the short-term nature of this financial instrument, fluctuations in market interest rates do not have a significant impact on estimated fair values and on cash flows associated with the interest income as of December 31, 2015. (ii) Foreign currency risk The Company is exposed to foreign currency risk to the extent expenditures incurred or funds received and balances maintained by the Company are denominated in currencies other than the US dollar (primarily Chilean pesos (“ CLP CNY HKD For the year ended December 31, 2015, the Company’s sensitivity analysis suggests that a change in the absolute rate of exchange in CLP by 17% will not have a material effect on the Company’s business, financial condition and results of operations, and a change in the absolute rate of exchange in CNY and HKD by 6% will also not have a material impact. The Company has not entered into any foreign currency contracts to mitigate this risk. (iii) Other price risk Other price risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate due to changes in market prices, other than those arising from interest rate risk or foreign currency risk. The Company is not exposed to other price risk.

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	12 Months Ended
	Dec. 31, 2015
PROPERTY AND EQUIPMENT [Text Block]	5. PROPERTY AND EQUIPMENT December 31, 2015 Accumulated Cost Amortization Net Land held for future development $ 146,636 $ - $ 146,636 Vehicles 129,439 117,590 11,849 Office furniture and fixtures 175,048 81,779 93,269 Office equipment 33,574 22,818 10,756 Computer equipment 7,553 7,553 - Computer software 68,995 68,995 - Field equipment 154,150 130,244 23,906 $ 715,395 $ 428,979 $ 286,416 December 31, 2014 Accumulated Cost Amortization Net Land held for future development $ 83,958 $ - $ 83,958 Vehicles 129,439 106,221 23,218 Office furniture 175,048 57,173 117,875 Office equipment 32,609 14,283 18,326 Computer equipment 7,553 7,553 - Computer software 68,995 68,995 - Field equipment 154,029 119,391 34,638 $ 651,631 $ 373,616 $ 278,015

MINERAL PROPERTIES

MINERAL PROPERTIES	12 Months Ended
	Dec. 31, 2015
MINERAL PROPERTIES [Text Block]	6. MINERAL PROPERTIES Cerro Blanco On September 5, 2003, the Company, through its wholly-owned Chilean subsidiary, White Mountain Chile, entered into a purchase agreement with Compañía Contractual Mineral Ojos del Salado (“ Ojos del Salado The purchase agreement covering Cerro Blanco was originally entered into between Ojos del Salado and Dorado Mineral Resources NL (“ Dorado La Martina As a result of regional exploration carried out in January 2013, a new rutile prospect named La Martina has been discovered and staked in the Atacama, or Region III, geographic region of northern Chile. La Martina, which is located approximately 45 kilometres southwest of the city of Vallenar and 17 kilometres southwest of the Cerro Blanco project, consists of six registered exploration concessions. Concession fees and other costs incurred in staking the property have been expensed. Ownership in mineral properties 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 conveyance history characteristic of mineral properties. The Company has investigated ownership of its mineral properties, and to the best of its knowledge, ownership of its interests is in good standing. At present, the Company has determined that it has no material AROs. Exploration expenditures incurred by the Company during the years ended December 31, 2015, 2014 and 2013 were as follows: 2015 2014 2013 Assaying $ - $ 104,499 $ 3,371 Concession fees 75,661 103,022 107,275 Drilling - - 97,233 Environmental 227,086 1,070,392 568,361 Equipment rental 11,326 37,520 50,634 Geological consulting fees 46,020 447,059 135,028 Maps and miscellaneous - - - Site costs 652,177 618,911 745,680 Transportation 23,965 21,796 17,608 Exploration expenditures for the year $ 1,036,235 $ 2,403,199 $ 1,725,190

TECHNOLOGY RIGHTS

TECHNOLOGY RIGHTS	12 Months Ended
	Dec. 31, 2015
TECHNOLOGY RIGHTS [Text Block]	7. TECHNOLOGY RIGHTS On October 1, 2010, the Company issued 4,000,000 shares of Common Stock pursuant to the terms of the non- exclusive, sublicensing agreement of the titanium metal technology developed by Chinuka Limited plc (“ Chinuka Chinuka Process La Serena • Cumulative expenditures of $5,000,000 by the Company within five years of the effective date to advance development of the Chinuka Process towards commercialization (2014 expenditures - $8,197 ; 2013 - $335,188); • 2% gross royalty payments to La Serena on any revenue generated by the Cerro Blanco project, which is attributable to the Chinuka Process. The gross royalty payments starting five years from the effective date of the agreement are subject to a minimum payment of $200,000 per year; and • Commercial production of titanium metal using the Chinuka Process and feed stock derived from the Cerro Blanco project within nine years after closing. The Company had valued the consideration for the technology rights on the basis of the market value of the common shares issued for technology rights on the date of issuance of $2,800,000. Up to December 31, 2014, $1,322,226 had been amortized and the carrying amount of the technology rights was $1,477,774 prior to an assessed impairment loss for the entire balance. December 31, 2014 Accumulated Cost Amortization Write off Net Technology rights $ 2,800,000 $ 1,322,226 $ 1,477,774 $ - During the year ended December 31, 2014, the Company discontinued funding the Chinuka Process research as management allocated resources furthering the development of its Cerro Blanco property. Management has determined there are indicators of impairment on this long-lived asset. Since the Chinuka Process has not reached the commercialization phase, management determined there is no market participant for the technology; therefore, there is no indication of fair market value for the technology rights. The carrying amount of $1,477,774 for the technology rights at December 31, 2014 has been recognized as an impairment loss.

CAPITAL STOCK

CAPITAL STOCK	12 Months Ended
	Dec. 31, 2015
CAPITAL STOCK [Text Block]	8. CAPITAL STOCK (a) Common stock During the year ended December 31, 2015, the Company: • Issued 859,050 shares of Common Stock out of the Company’s 2014 compensation pool to directors, officers, and employees based on 2014 performance. In addition, the Company issued 300,000 shares of Common Stock to a former executive director for the completion of the EIS and participation of the Company’s 2014 compensation pool. These shares were issued under the 2015 Stock Option Stock Issuance Plan. • Closed the sale of 8,750,000 second tranche units (the “ Second Tranche Units MOU Investor Second Tranche Warrants • In March and June 2015, the Company issued 300,000 shares of Common Stock to a marketing and consulting service provider as non-cash compensation in exchange for services. Those shares were measured at a fair value of $0.35 and $0.38 per common share. During the year ended December 31, 2014, the Company: • Issued 730,000 shares of Common Stock at a fair value of $306,600 to management, employees and consultants, under the Management Compensation Pool. Share certificates for 175,000 shares issued to staff in Chile have been distributed, while the remaining share certificates for 555,000 shares issued to consultants and directors and officers have been withheld from distribution. The Board of Directors of the Company elected to place these shares under a voluntary escrow until the Company completes its EIS. • Closed the sale of 5,000,000 Second Tranche Units in April 2014 with Million Cheer Investment Limited (“ MCIL Investor 5,000,000 Second Tranche Units was $0.40 per unit for gross proceeds of $2,000,000. Each Second Tranche Unit consists of one share of Common Stock and 90% of one warrant to purchase one share of Common Stock at $0.55 per share with an expiration date of December 31, 2017 (the “ Second Tranche Warrants • Closed an additional sale of 6,250,000 Second Tranche Units with an accredited investor in August 2014, pursuant to a MOU. The sale price for the 6,250,000 Second Tranche Units was $0.40 per unit for gross proceeds of $2,500,000. Each Second Tranche Unit consists of one share of Common Stock and one warrant to purchase 90% of one share of Common Stock at a $0.55 per share exercise price with an expiration date of December 31, 2017. The Company paid $175,000 in commissions. • Issued 70,000 shares of Common Stock to a former Chief Financial Officer with no cash consideration in November 2014. These shares were measured at a fair market value of $21,000 at the issuance date. (b) Stock options The Company has a stock option plan, adopted in 2005, and a stock option/stock issuance plan, adopted in 2010, which has been replaced by a stock incentive plan adopted in June 2015 (individually, the “ 2005 Plan 2010 Plan 2015 Plan Plans The Company originally also adopted a management compensation pool for the benefit of officers, directors and employees of the Company. The pool consists of 1% of the outstanding shares at the end of each year. The shares granted under the compensation pool program are issued under the 2015 Plan. In January 2015, the Company granted 300,000 (2014 - 1,075,000) stock options to an officer to purchase the Common Stock of the Company at an exercise price of $0.45 per share. The options were granted subject to and in accordance with the terms of the Company’s 2015 Plan. The options were fully vested and immediately exercisable with expiration dates of December 31, 2017. The fair value of the options granted during the year ended December 31, 2015 has been estimated at the date of grant or the date when it became measurable using the Black-Scholes option pricing model with the following weighted-average assumptions: (i) dividend yield 0.00%; (ii) expected volatility of 65.00%; (iii) risk-free interest rate of 0.87%; and (iv) expected life of three years. The fair market value was determined to be $30,371 and was charged against expenses for the year. The Company has assumed no forfeiture rate. The weighted average grant date fair value of options is $0.10. The following table represents service-based stock option activity during the years ended December 31, 2015 and 2014: December 31, 2015 December 31, 2014 Weighted Weighted Average Average Number of Exercise Number of Exercise Shares Price Shares Price Outstanding - beginning of year 1,225,000 $ 0.55 150,000 $ 1.30 Granted 300,000 $ 0.45 1,075,000 $ 0.45 Expired /Cancelled (150,000 ) $ - - $ - Outstanding and exercisable – end of year 1,375,000 $ 0.45 1,225,000 $ 0.55 As at December 31, 2015 and 2014, the following stock options were outstanding and exercisable: Exercise December 31, December 31, Expiry Date Price 2015 2014 October 2, 2017 $ 0.45 375,000 375,000 December 31, 2017 $ 0.45 1,000,000 700,000 October 1, 2017 $ 1.30 - 150,000 1,375,000 1,225,000 The shares under option at December 31, 2015, were in the following exercise price ranges: Weighted Average Weighted Average Number of Shares Aggregate Intrinsic Remaining Contractual Exercise Price under Option Value Life in Years $0.45 1,375,000 $ - 1.94 The shares under option at December 31, 2014 were in the following exercise price ranges: Weighted Average Weighted Average Number of Shares Aggregate Intrinsic Remaining Contractual Exercise Price under Option Value Life in Years $0.45 - $1.30 1,225,000 $ - 2.6 (c) Stock-based compensation During the year ended December 31, 2015, the following stock-based compensation was recognized: (i) 1,159,050 shares of Common Stock issued out of the Company’s 2014 compensation pool to directors, officers, and employees based on 2014 performance (Note 8 (a)); the cost was measured at $354,849 using market price of $0.37 per common share at the issuance date. (ii) 300,000 stock options granted in March 2015 to an officer (Note 8 (b)); the cost was estimated to be $30,371 using the Black-Scholes option pricing model. (iii) 300,000 shares of Common Stock were issued to a marketing and consulting service provider in exchange for services (Note 8 (a)); expense of $111,000 was recognized using market price $0.35 and $0.38 per common share at the issuance dates. (iv) Amortization of 700,000 Common Stock shares issuable upon the market performance of the Company’s stock. $75,222 was recognized at $0.36 per common share at the contract date. The remaining unamortized balance of $129,008 (2014 - $204,232) will be amortized through July 2019. (v) $15,000 was recognized for common shares issuable for consulting service received at contract rate. During the year ended December 31, 2014, $136,680 (2013 - $164,912) was recognized as stock-based compensation for the 2,000,000 management warrants issued to directors and officers (Note 8(d)). Effective October 29, 2014, these warrants were modified. As a result of the modification, $168,907 (2013 - $nil) representing the unamortized portion of the grant date fair value of the original warrants along with $71,001 (2013 - $nil) representing the incremental fair value of the replacement warrants was recognized as stock-based compensation. The incremental fair value of the replacement warrants were measured using the Black-Scholes option pricing model with the following weighted average assumptions: exercise price of $0.65, risk-free interest rate of 0.93%, expected life of 3 years, an expected volatility factor of 64%, a dividend yield of 0.00% . The replacement warrants are fully vested as a result of the modification. During the year ended December 31, 2014, the Company included bonus shares issuable as a result of achieving certain performance and market conditions (Note 11.) As a result, $47,768 was recognized as stock-based compensation measured at $0.36 per common share as at the contract dates. Total stock-based compensation recognized for shares issued and options and warrants granted for services was as follows: December 31, December 31, December 31, 2015 2014 2013 Management fees $ 142,594 $ 630,248 $ 164,912 Consulting fees – directors and officers 191,753 155,400 - Consulting fees 225,086 96,600 - Professional fees 27,010 21,000 - Office - 12,600 - $ 586,443 $ 915,848 $ 164,912 (d) Warrants During the year ended December 31, 2015, the Company issued warrants to purchase 13,875,000 shares of Common Stock including bonus warrants issued to an investor to purchase 6,000,000 shares of Common Stock, as part of a private placement offering (Note 8 (a)). Each whole warrant is exercisable at $0.55 per share until December 31, 2017. These warrants were extended to expire on December 31, 2018 and exercise price was re-priced at $0.35 per share on a resolution of the Board of Directors. In December 2015, the Board of Directors amended all outstanding warrants (except those held by a current and a former member of management) to extend the expiration date and re-priced the exercise price. Warrants to purchase 5,048,299 shares Common Stock were extended to April 30, 2016 from expiration date of December 31, 2015 and the exercise price was re-priced from $0.65 to $0.30. Warrants to purchase 5,714,286 shares of Common Stock were extended to December 31, 2017 from expiration date of December 31, 2016 and exercise price was re-priced from $0.45 to $0.30. Warrants to purchase 10,125,000 shares of Common Stock were extended to December 31, 2018 from expiration date of December 31, 2017 and exercise price was re-priced from $0.55 to $0.35. During the year ended December 31, 2010, the Company issued 2,000,000 warrants to two officers and directors of the Company as compensation, as approved by the Board of Directors in January 2010. These warrants are exercisable at $1.50 per share expiring December 31, 2015. Effective October 29, 2014, the Company amended these warrants with term changes as follows: (i) The original 2,000,000 warrants were cancelled and replaced by the issuance of 600,000 new warrants; (ii) The expiration date of these warrants was extended to December 31, 2017; and (iii) The exercise price was reset to $0.65 per share. These amended warrants were fully vested. . In April and August 2014, the Company issued investors warrants to purchase 4,500,000 and 5,625,000 shares of Common Stock, respectively, as part of a private placement offering (Note 8(a)). Each whole warrant is exercisable at $0.55 until December 31, 2017. These warrants were extended to expire on December 31, 2018 and the exercise price was re-priced at $0.35 per share on a resolution of the Board of Directors. Details of stock purchase warrant activity for the year ended December 31, 2015 and 2014 are as follows: December 31, 2015 December 31, 2014 Weighted Weighted Average Average Number Exercise Number Exercise of Warrants Price of Warrants Price Outstanding - beginning of year 21,487,585 $ 0.55 12,762,585 $ 0.69 Issued 13,875,000 0.35 10,725,000 0.55 Expired - - - - Cancelled (2,000,000 ) (1.50 ) Outstanding - end of year 35,362,585 $ 0.34 21,487,585 $ 0.55 As at December 31, 2015 and 2014, the following share purchase warrants were outstanding: December 31, December 31, Expiry Date Exercise Price 2015 2014 April 30, 2016 $ 0.30 1,770,328 1,770,328 April 30, 2016 $ 0.30 910,534 910,534 April 30, 2016 $ 0.30 2,367,437 2,367,437 December 31, 2017 $ 0.30 5,714,286 5,714,286 December 31, 2017 $ 0.65 600,000 600,000 December 31, 2018 $ 0.35 4,500,000 4,500,000 December 31, 2018 $ 0.35 5,625,000 5,625,000 December 31, 2018 $ 0.35 13,875,000 - 35,362,585 21,487,585

LOSS PER SHARE

LOSS PER SHARE	12 Months Ended
	Dec. 31, 2015
LOSS PER SHARE [Text Block]	9. LOSS PER SHARE Potentially dilutive securities not included in diluted weighted average shares outstanding include shares underlying 1,375,000 (2014 – 1,225,000 ; 2013 – 150,000) in outstanding options and 35,362,585 (2014 – 21,487,585 ; 2013 – 12,762,585) warrants. For the years ended December 31, 2015, 2014 and 2013, potentially dilutive securities are anti-dilutive, therefore, diluted loss per common share equals basic loss per common share.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2015
INCOME TAXES [Text Block]	10. INCOME TAXES Income tax provisions are determined as follows: December 31, December 31, December 31, 2015 2014 2013 Income tax benefit computed at statutory tax rate $ (1,441,924 ) $ (2,712,876 ) $ (1,572,836 ) Stock-based-compensation 205,255 320,547 57,719 Other timing differences (761,849 ) 533,182 1,488,526 Adjustment due to effective rate attributable to income taxes of other countries 561,103 309,282 132,287 Loss carry-forward – overprovided in prior years (647,274 ) Effect of change in tax rate (529,175 ) - (265,583 ) (2,613,864 ) (1,549,865 ) (159,887 ) Change in valuation allowance 2,613,864 1,549,865 159,887 $ - $ - $ - Deferred income taxes reflect the tax effect of the temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for tax purposes. The applicable tax rate to be expected is 35% (2014 – 35%; 2013 – 35%). The components of the net deferred income tax assets are approximately as follows: December 31, December 31, December 31, 2015 2014 2013 Deferred income tax assets Net operating losses and credit carry-forwards $ 10,504,313 $ 9,116,917 $ 7,746,334 Technology rights 517,221 626,110 - Property and Equipment 4,943 121 - Resource properties 2,902,066 2,828,546 3,114,223 13,928,543 12,571,694 10,860,557 Valuation allowance (13,928,543 ) (12,571,694 ) (10,860,557 ) $ - $ - $ - The valuation allowance reflects the Company’s estimate that the deferred tax assets more likely than not will not be realized. To date, the Company has paid a total of CLP 772,994,000 (US $1,091,583) (2014 - CLP 690,765,000 (US $1,140,209)) related to value added tax (“VAT”), which the Company will be able to credit against future VAT amounts payable generated on Chilean revenue-producing operations. Since the collection of the amount is not certain, the amount is not capitalized, but is expensed each year. The Company has available approximate net operating losses that may be carried forward to apply against future years' income for income tax purposes in all jurisdictions. The losses expire as follows: Available to USA Foreign Total 2018 9,000 - 9,000 2019 10,000 257,000 267,000 2020 2,000 290,000 292,000 2021 5,000 - 5,000 2022 1,000 - 1,000 2023 22,000 - 22,000 2024 783,000 - 783,000 2025 691,000 - 691,000 2026 410,000 - 410,000 2027 2,161,000 - 2,161,000 2028 349,000 - 349,000 2029 1,007,000 - 1,007,000 2030 1,816,000 - 1,816,000 2031 8,272,000 - 8,272,000 2032 2,886,000 - 2,886,000 2033 612,000 - 612,000 2034 1,905,000 - 1,905,000 2035 1,511,000 - 1,511,000 Non-expiring carry-forward losses - 6,650,398 6,650,398 $ 22,452,000 $ 7,197,398 $ 29,649,398

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2015
RELATED PARTY TRANSACTIONS [Text Block]	11. RELATED PARTY TRANSACTIONS December 31, December 31, December 31, 2015 2014 2013 Amounts payable $ (24,603 ) $ (77,196 ) $ (186,886 ) Expenditures in the year: Consulting fees – directors and officers $ 802,374 $ 733,718 $ 463,579 Management fees $ 142,594 $ 144,000 $ 240,000 Rent $ - $ 23,772 $ 29,989 Amounts payable consist of unpaid balance of consulting fees, director fees and travel expenditures owed by the Company to its officers and directors for services rendered and expenses incurred during the year on behalf of the Company. The amounts payable are included in accounts payable and accrued liabilities. Consulting fees include payments to officers and directors of the Company for services rendered, and include $191,753 stock-based compensation. Management fees consist of stock-based fees paid to a former executive vice president and options granted to management. Related party transactions were conducted on terms equivalent to those at arm’s-length. On January 27, 2015, the Company entered into a Management Service Agreement, effective November 1, 2014 with JPES, Inc., a California, US corporation (the “ Service Provider Pursuant to the agreement, the Company will compensate the Service Provider with terms as follows: (i) A monthly fee of $12,500, plus reimbursable out-of-pocket expense shall be paid. Until the month during which the Company receives regulatory approval of the EIS for its Cerro Blanco project, $1,500 of the monthly fee will not be paid, but will accrue, without interest, and be paid promptly, but not later than the last business day of the calendar month next following receipt of the EIS. (ii) As a signing bonus, the Company shall grant to the Service Provider options to purchase up to 300,000 shares of Common Stock of the Company pursuant to the terms in the Company’s 2015 Stock Option/Stock Issuance Plan. The options shall be fully vested, exercisable at $0.45 per share and will expire December 31, 2017. (iii) In addition, the Company shall grant the Service Provider stock bonus under the Plan of (i) 200,000 shares upon the Company signing the first definitive strategic alliance agreement and/or arrangement of project capital; and (ii) 200,000 shares upon the Company obtaining a listing on a senior stock exchange. (iv) The Service Provider shall be entitled to participate in the Company’s annual share compensation pool. On December 10, 2015, both parties agreed to reduce the monthly fee from $12,500 to $11,250, effective January 1, 2016. Effective August 1, 2014, the Company amended an original agreement dated February 6, 2006, with a company owned by an officer of the Company, which includes the following future commitments: (i) A monthly salary of $20,000, of which $5,000 per month is withheld until the completion of the EIS. The unpaid portion will accrue, without interest, and be paid not later than the last business day of the calendar month next following receipt of the EIS; (ii) In the event of termination upon a change of control by which the officer would receive a severance payment equal to three times the highest annual base salary, immediate vesting of any unvested options, warrants or other convertible instruments, the pro rata amount of any bonuses or share compensation pool, and the extension of the exercise period of any options, warrants or other convertible instruments for at least six months following termination; (iii) The following bonus shares, issuable upon achieving certain milestones: a. 200,000 shares upon listing of the Common Stock on a senior exchange; and b. 200,000 shares upon completion of a final feasibility study. This agreement expired December 31, 2015 and a new agreement was entered by both parties to extend the service to March 31, 2016 with monthly compensation of $10,000. Effective July 1, 2014, the Company retroactively applied an agreement dated August 1, 2014 with a company owned by an officer of the Company which includes the following future commitments: (i) A monthly salary of $13,500, of which $1,700 per month is withheld until the completion of the EIS. The unpaid portion will accrue, without interest, and be paid not later than the last business day of the calendar month next following receipt of the EIS; (ii) The agreement also provides for severance payments in the event of termination upon a change of control by which the officer would receive a severance payment equal to the highest annual base amount, immediate vesting of any unvested options, warrants or other convertible instruments, the pro rata amount of any bonuses or share compensation pool, and the extension of the exercise period of any options, warrants or other convertible instruments for at least six months following termination. The agreement may be terminated by either party without cause upon three months’ written notice; (iii) The following bonus shares, issuable upon achieving certain milestones: a. 300,000 shares after the closing price of the Company’s stock has been maintained at or above the price of $1.00 per share for at least two thirds of the trading days during any 30 - consecutive-trading-days’ period; b. 500,000 shares upon the Company signing the first definitive strategic alliance agreement and/or arrangement of project capital of not less than $10,000,000, excluding the current funding as provided in the binding MOU, as amended; and c. 200,000 shares upon obtaining a listing for the Company’s stock on a senior stock exchange in Asia. The agreement may be terminated by either party without cause upon three months’ written notice. In December 2015, this agreement was amended to reduce the monthly fee to $10,500, effective January 1, 2016. Effective July 1, 2014, the Company retroactively applied an agreement dated August 1, 2014, with a company owned by a director of the Company which includes the following future commitments: (i) A monthly salary of $13,500, of which $1,700 per month is withheld until the completion of the EIS. The unpaid portion will accrue, without interest, and be paid not later than the last business day of the calendar month next following receipt of the EIS; (ii) The agreement also provides for severance payments in the event of termination upon a change of control by which the consultant would receive a severance payment equal to the highest annual base amount, immediate vesting of any unvested options, warrants or other convertible instruments, the pro rata amount of any bonuses or share compensation pool, and the extension of the exercise period of any options, warrants or other convertible instruments for at least six months following termination; (iii) The following bonus shares, issuable upon achieving certain milestones: a. 200,000 shares after the closing price of the Company’s stock has been maintained at or above the price of $1.00 per share for at least two thirds of the trading days during any 30 - consecutive-trading-days’ period; b. 350,000 shares upon the Company signing the first definitive strategic alliance agreement and/or arrangement of project capital of not less than $10,000,000, excluding the current funding as provided in the binding MOU, as amended; and c. 150,000 shares upon obtaining a listing for the Company’s stock on a senior stock exchange in Asia. The agreement may be terminated by either party without cause upon three months’ written notice. In December 2015, this agreement was amended to reduce the monthly fee to $9,000, effective January 1, 2016. On December 14, 2015, the Company amended management service agreement with a company that owned by a director of the Company for the director to provide investor relation service on a month-by-month basis with compensation of $5,000 per month, effective January 1, 2016.

SEGMENTED INFORMATION

SEGMENTED INFORMATION	12 Months Ended
	Dec. 31, 2015
SEGMENTED INFORMATION [Text Block]	12. SEGMENTED INFORMATION The Company operates in a single industry segment. At December 31, 2015 and 2014, total non-current assets by geographic location are as follows: 2015 2014 US $ - $ - Chile 844,443 811,256 China 93,923 118,709 $ 938,366 $ 929,965

COMMITMENTS

COMMITMENTS	12 Months Ended
	Dec. 31, 2015
COMMITMENTS [Text Block]	13. COMMITMENTS The Company entered into a lease agreement for office premises in China that commenced July 1, 2014 and expires June 30, 2021. The total lease payment pursuant to the agreement is $584,018, of which the remaining balance at December 31, 2015 is $458,872. If the Company terminates the lease prior to the end of the lease term, a deposit of $14,000 will not be returned. The Company’s lease payments for office premises in China for the next five years are as follows: 2016 $ 83,431 2017 83,431 2018 83,431 2019 83,431 2020 83,431 $ 417,155

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2015
SUBSEQUENT EVENTS [Text Block]	14. SUBSEQUENT EVENTS Management has evaluated subsequent events through the date of this report, which represents the date the consolidated financial statements were issued. On March 16, 2016, the Company and its wholly-owned subsidiary Sociedad Contractual Minera White Mountain Titanium Corporation entered into a loan agreement and issued a 7% Senior Convertible Promissory Note for a total of $2,000,000. The terms of the agreement are as follows: (i) A 7% Senior Convertible Promissory Note (the “Note”) shall be issued to evidence the loan. (ii) The Note bears simple interest of 7% per annum on the unpaid principal amount until the principle amount is paid in full. (iii) The Note is convertible into shares of the Company’s Series A Prefered Stock (the “Series A Shares”) at the rate of $0.12 per share, par value of $0.001 per share. (iv) The Series A Shares are convertible into Common Stock at conversion price of $0.12 per share. The Series A Shares holders have the same voting rights as Common Stockholders. (v) At the time of receipt of the proceeds, the Company shall issue to the Lender 100 Series A Shares evidenced by a single stock certificate (vi) The term of the loan shall be for a period of two years from the effective date of the agreement unless renewed or extended by mutual agreement in writing. (vii) As additional consideration for the loan, at the time of receipt of the proceeds, the Company shall issue to the Lender warrants to purchase up to 8,333,333 shares of Common Stock of the Company. The warrants shall have a term of three years from the issuance date and be exercisable at $0.30 per share. On March 22, 2016, the Company received proceeds in amount of $2,000,000 from the Lender.

Summary of Significant Accounti

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2015
Principles of consolidation [Policy Text Block]	(a) Principles of consolidation These consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, Sociedad Contractual Minera White Mountain Titanium (“ White Mountain Chile
Amortization [Policy Text Block]	(b) Amortization Amortization for property and equipment is provided using a straight-line method based on the following estimated useful lives: Vehicles - 5 years Office furniture - 5 years Office equipment - 5 years Computer equipment - 5 years Computer software - 1 - 5 years Field equipment - 5 years Technology rights are amortized on a straight-line basis over their estimated useful life of nine years, which is the expected development period of the technology.
Exploration expenditures [Policy Text Block]	(c) Exploration expenditures The Company is in the exploration stage of developing its mineral properties and has not yet determined whether these properties contain ore reserves that are economically recoverable. Exploration costs incurred in locating areas of potential mineralization are expensed as incurred. Mineral property acquisition costs are capitalized. Commercial feasibility is established in compliance with the United States Securities and Exchange Commission (“ SEC Mining projects and properties are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of these assets may not be recoverable. If the estimated future cash flows expected to result from the use of the mining project or property and its eventual disposition are less than the carrying amount of the mining project or property, impairment is recognized based upon the estimated fair value of the mining project or property. Fair value is generally based on the present value of the estimated future net cash flows for each mining project or property, calculated using estimated mineable reserves and mineral resources based on engineering reports, projected rates of production over the estimated life of the mine, recovery rates, capital requirements, remediation costs and future prices considering the Company’s hedging and marketing plans.
Research and development [Policy Text Block]	(d) Research and development The Company expenses all research and development costs, related to technology rights, as incurred.
Asset retirement obligations (ARO) [Policy Text Block]	(e) Asset retirement obligations (“ARO”) The Company recognizes a legal liability for obligations related to the retirement of property and equipment, and obligations arising from the acquisition, construction, development or normal operations of those assets. Such asset retirement costs must be recognized at fair value when a reasonable estimate of fair value can be estimated in the period in which the liability is incurred. A corresponding increase to the carrying amount of the related asset, where one is identifiable, is recorded and amortized over the life of the asset. Where a related future value is not easily identifiable with a liability, the change in fair value over the course of the year is expensed. The amount of the liability is subject to remeasurement at each reporting period. The estimates are based principally on legal and regulatory requirements. It is possible that the Company’s estimates of its ultimate reclamation and closure liabilities could change as a result of changes in regulations, changes in the extent of environmental remediation required, changes in the means of reclamation or changes in cost estimates. Changes in estimates are accounted for prospectively commencing in the period the estimate is revised.
Long-lived assets [Policy Text Block]	(f) Long-lived assets Long-lived assets, including mineral properties and intangible assets with determinable useful lives, are reviewed for impairment whenever events or changes in circumstances indicate 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 the assets to the future undiscounted net cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets and is charged to earnings. Assets to be disposed of are reported at the lower of the carrying amount or fair value less the costs to sell. Intangible assets with determinable useful lives are amortized on a straight-line basis over their respective estimated useful lives.
Income taxes [Policy Text Block]	(g) Income taxes The Company uses the asset and liability method of accounting for income taxes, which requires the recognition of deferred tax liabilities and assets for expected future tax consequences of temporary differences between the carrying amounts and the tax basis of assets and liabilities. Deferred tax assets and liabilities are measured using tax rates expected to be in effect when the temporary differences are likely to be realized. A valuation allowance against deferred tax assets is recorded if, based upon weighted available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized. The Company provides for uncertain tax provisions and the related interest and penalties based upon management’s assessment of whether a tax benefit is more likely than not to be sustained upon examination by tax authorities. This assessment is based on only the technical merits of the tax position. If a tax position does not meet the more likely than not recognition threshold, the benefit of that position is not recognized in the financial statements and a liability for unrecognized tax benefits is established. A tax position that meets the more likely than not recognition threshold is measured to determine the amount of benefit to recognize in the financial statements. The tax benefit recognized is measured as the largest amount of benefit that is greater than 50% likely of being realized upon ultimate resolution with a taxing authority.
Stock-based compensation [Policy Text Block]	(h) Stock-based compensation The Company accounts for stock-based compensation expenses associated with stock options and other forms of equity compensation in accordance with the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ ASC S tock Compensation
Loss per share [Policy Text Block]	(i) Loss per share The Company accounts for loss per share in accordance with ASC 260-10 Earnings Per Share The calculation of diluted loss per share excludes the effects of all common share equivalents that would be anti-dilutive.
Financial instruments [Policy Text Block]	(j) Financial instruments All financial instruments are classified as one of the following: held-to-maturity, loans and receivables, held-for-trading, available-for-sale or other financial liabilities. Financial assets and liabilities held-for- trading are measured at fair value with gains and losses recognized in net loss. Financial assets held-to- maturity, loans and receivables, and other financial liabilities are measured at amortized cost using the effective interest method. Available-for-sale instruments are measured at fair value with unrealized gains and losses recognized in other comprehensive income (loss) and reported in shareholders’ equity. Any financial instrument may be designated as held-for- trading upon initial recognition. Transaction costs that are directly attributable to the acquisition or issue of financial instruments that are classified as other than held-for-trading, which are expensed as incurred, are included in the initial carrying value of such instruments.
Conversion of foreign currency [Policy Text Block]	(k) Conversion of foreign currency The functional and reporting currency of the Company and its subsidiaries is the US dollar. The Company’s foreign operations are remeasured into US dollars as follows: • Monetary assets and liabilities, at year-end rates; • All other assets and liabilities, at historical rates; and • Revenue and expense items, at the exchange rate in effect on the date of the transaction. Exchange gains and losses arising from these transactions are reflected in operations for the year.
Use of estimates [Policy Text Block]	(l) Use of estimates The preparation of consolidated financial statements in conformity with US GAAP requires the use of certain critical accounting estimates. It also requires management to exercise its judgment in the process of applying the Company’s accounting policies. Management believes the estimates are reasonable; however, actual results could differ from those estimates and could impact future results of operations. The areas where assumptions, estimates and judgments are significant to the consolidated financial statements relate to, but are not limited to, the following: i) The assumption that Company will be able to continue as a going concern is subject to critical judgments of management with respect to assumptions surrounding the short and long-term operating budget, expected profitability, investing and financing activities and management’s strategic planning. Should those judgments prove to be inaccurate, management’s continued use of the going concern assumption could be inappropriate ii) The recoverability of the carrying value of the mineral properties: the assessment of the impairment indicators involves the application of a number of significant judgments and estimates to certain variables, including metal price trends, plans for properties, and the results of exploration and evaluation to date; iii) Fair value of share-based payments: the fair value of share based payments resulting from issuing instruments that are not traded in an active market is determined by using a valuation technique. Management makes estimates and utilizes assumptions in determining the fair value for share-based payments in determining inputs to be used for the Black-Scholes option pricing model; iv) The Company applies judgment in assessing the functional currency of each entity consolidated in these financial statements; v) Deferred tax assets: the assessment of availability of future taxable profits involves judgment. A deferred tax asset is recognized to the extent that it is probable that taxable profits will be available against which deductible temporary differences and the carry- forward of unused tax credits and unused tax losses can be utilized. vi) The estimated useful lives of property, plant and equipment, which are included in the consolidated statements of financial position and the related depreciation included in the consolidated statements of income; and vii) The inputs used in determining the net present value of the liability for provisions related to decommissioning and restoration included in the consolidated statements of financial position.
Future accounting pronouncements [Policy Text Block]	(m) Future accounting pronouncements (i) In September 2015 the FASB issued Update No. 2015-16 Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments. The amendments in this Update require that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The amendments in this Update require that the acquirer record, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. The amendments in this Update require an entity to present separately on the face of the income statement or disclose in the notes the portion of the amount recorded in current-period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized as of the acquisition date. The amendments are effective for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years. The amendments should be applied prospectively to adjustments to provisional amounts that occur after the effective date of this Update with earlier application permitted for financial statements that have not been issued. (ii) In February 2015 the FASB issued update No. 2015-02 Consolidation (Topic 810) Amendments to the Consolidated Analysis. 1. Modify the evaluation of whether limited partnerships and similar legal entities are variable interest entities (VIEs) or voting interest entities 2. Eliminate the presumption that a general partner should consolidate a limited partnership 3. Affect the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships 4. Provide a scope exception from consolidation guidance for reporting entities with interests in legal entities that are required to comply with or operate in accordance with requirements that are similar to those in Rule 2a-7 of the Investment Company Act of 1940 (iii) In August 2014, the FASB issued Update No. 2014-15— Presentation of Financial Statements— Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (iv) In June 2014, the FASB issued Update No. 2014-12— Compensation—Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period

SIGNIFICANT ACCOUNTING POLICI22

SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2015
Schedule of Amortization for Property and Equipment [Table Text Block]	Vehicles - 5 years Office furniture - 5 years Office equipment - 5 years Computer equipment - 5 years Computer software - 1 - 5 years Field equipment - 5 years

FINANCIAL INSTRUMENTS AND RIS23

FINANCIAL INSTRUMENTS AND RISKS (Tables)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Schedule of Summary of Fair Value Measurement by Level for Assets and Liabilities Measured at Fair Value on Recurring Basis [Table Text Block]	December 31, 2015 Level 1 Level 2 Level 3 Total Cash $ 396,878 $ - $ - $ 396,878	December 31, 2014 Level 1 Level 2 Level 3 Total Cash $ 949,806 $ - $ - $ 949,806

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Property and Equipment [Table Text Block]	December 31, 2015 Accumulated Cost Amortization Net Land held for future development $ 146,636 $ - $ 146,636 Vehicles 129,439 117,590 11,849 Office furniture and fixtures 175,048 81,779 93,269 Office equipment 33,574 22,818 10,756 Computer equipment 7,553 7,553 - Computer software 68,995 68,995 - Field equipment 154,150 130,244 23,906 $ 715,395 $ 428,979 $ 286,416	December 31, 2014 Accumulated Cost Amortization Net Land held for future development $ 83,958 $ - $ 83,958 Vehicles 129,439 106,221 23,218 Office furniture 175,048 57,173 117,875 Office equipment 32,609 14,283 18,326 Computer equipment 7,553 7,553 - Computer software 68,995 68,995 - Field equipment 154,029 119,391 34,638 $ 651,631 $ 373,616 $ 278,015

MINERAL PROPERTIES (Tables)

MINERAL PROPERTIES (Tables)	12 Months Ended
	Dec. 31, 2015
Exploration Expenditures Incurred [Table Text Block]	2015 2014 2013 Assaying $ - $ 104,499 $ 3,371 Concession fees 75,661 103,022 107,275 Drilling - - 97,233 Environmental 227,086 1,070,392 568,361 Equipment rental 11,326 37,520 50,634 Geological consulting fees 46,020 447,059 135,028 Maps and miscellaneous - - - Site costs 652,177 618,911 745,680 Transportation 23,965 21,796 17,608 Exploration expenditures for the year $ 1,036,235 $ 2,403,199 $ 1,725,190

TECHNOLOGY RIGHTS (Tables)

TECHNOLOGY RIGHTS (Tables)	12 Months Ended
	Dec. 31, 2015
Technology Rights [Table Text Block]	December 31, 2014 Accumulated Cost Amortization Write off Net Technology rights $ 2,800,000 $ 1,322,226 $ 1,477,774 $ -

CAPITAL STOCK (Tables)

CAPITAL STOCK (Tables)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Service-Based Stock Option Activity [Table Text Block]	December 31, 2015 December 31, 2014 Weighted Weighted Average Average Number of Exercise Number of Exercise Shares Price Shares Price Outstanding - beginning of year 1,225,000 $ 0.55 150,000 $ 1.30 Granted 300,000 $ 0.45 1,075,000 $ 0.45 Expired /Cancelled (150,000 ) $ - - $ - Outstanding and exercisable – end of year 1,375,000 $ 0.45 1,225,000 $ 0.55
Stock Options Outstanding [Table Text Block]	Exercise December 31, December 31, Expiry Date Price 2015 2014 October 2, 2017 $ 0.45 375,000 375,000 December 31, 2017 $ 0.45 1,000,000 700,000 October 1, 2017 $ 1.30 - 150,000 1,375,000 1,225,000
Shares under Option in Exercise Price Ranges [Table Text Block]	Weighted Average Weighted Average Number of Shares Aggregate Intrinsic Remaining Contractual Exercise Price under Option Value Life in Years $0.45 1,375,000 $ - 1.94	Weighted Average Weighted Average Number of Shares Aggregate Intrinsic Remaining Contractual Exercise Price under Option Value Life in Years $0.45 - $1.30 1,225,000 $ - 2.6
Total Stock-Based Compensation Recognized for Shares Issued and Warrants Granted for Services [Table Text Block]	December 31, December 31, December 31, 2015 2014 2013 Management fees $ 142,594 $ 630,248 $ 164,912 Consulting fees – directors and officers 191,753 155,400 - Consulting fees 225,086 96,600 - Professional fees 27,010 21,000 - Office - 12,600 - $ 586,443 $ 915,848 $ 164,912
Stock Purchase Warrant Activity [Table Text Block]	December 31, 2015 December 31, 2014 Weighted Weighted Average Average Number Exercise Number Exercise of Warrants Price of Warrants Price Outstanding - beginning of year 21,487,585 $ 0.55 12,762,585 $ 0.69 Issued 13,875,000 0.35 10,725,000 0.55 Expired - - - - Cancelled (2,000,000 ) (1.50 ) Outstanding - end of year 35,362,585 $ 0.34 21,487,585 $ 0.55
Share Purchase Warrants Outstanding [Table Text Block]	December 31, December 31, Expiry Date Exercise Price 2015 2014 April 30, 2016 $ 0.30 1,770,328 1,770,328 April 30, 2016 $ 0.30 910,534 910,534 April 30, 2016 $ 0.30 2,367,437 2,367,437 December 31, 2017 $ 0.30 5,714,286 5,714,286 December 31, 2017 $ 0.65 600,000 600,000 December 31, 2018 $ 0.35 4,500,000 4,500,000 December 31, 2018 $ 0.35 5,625,000 5,625,000 December 31, 2018 $ 0.35 13,875,000 - 35,362,585 21,487,585

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2015
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	December 31, December 31, December 31, 2015 2014 2013 Income tax benefit computed at statutory tax rate $ (1,441,924 ) $ (2,712,876 ) $ (1,572,836 ) Stock-based-compensation 205,255 320,547 57,719 Other timing differences (761,849 ) 533,182 1,488,526 Adjustment due to effective rate attributable to income taxes of other countries 561,103 309,282 132,287 Loss carry-forward – overprovided in prior years (647,274 ) Effect of change in tax rate (529,175 ) - (265,583 ) (2,613,864 ) (1,549,865 ) (159,887 ) Change in valuation allowance 2,613,864 1,549,865 159,887 $ - $ - $ -
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	December 31, December 31, December 31, 2015 2014 2013 Deferred income tax assets Net operating losses and credit carry-forwards $ 10,504,313 $ 9,116,917 $ 7,746,334 Technology rights 517,221 626,110 - Property and Equipment 4,943 121 - Resource properties 2,902,066 2,828,546 3,114,223 13,928,543 12,571,694 10,860,557 Valuation allowance (13,928,543 ) (12,571,694 ) (10,860,557 ) $ - $ - $ -
Summary of Operating Loss Carryforwards [Table Text Block]	Available to USA Foreign Total 2018 9,000 - 9,000 2019 10,000 257,000 267,000 2020 2,000 290,000 292,000 2021 5,000 - 5,000 2022 1,000 - 1,000 2023 22,000 - 22,000 2024 783,000 - 783,000 2025 691,000 - 691,000 2026 410,000 - 410,000 2027 2,161,000 - 2,161,000 2028 349,000 - 349,000 2029 1,007,000 - 1,007,000 2030 1,816,000 - 1,816,000 2031 8,272,000 - 8,272,000 2032 2,886,000 - 2,886,000 2033 612,000 - 612,000 2034 1,905,000 - 1,905,000 2035 1,511,000 - 1,511,000 Non-expiring carry-forward losses - 6,650,398 6,650,398 $ 22,452,000 $ 7,197,398 $ 29,649,398

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2015
Schedule of Related Party Transactions [Table Text Block]	December 31, December 31, December 31, 2015 2014 2013 Amounts payable $ (24,603 ) $ (77,196 ) $ (186,886 ) Expenditures in the year: Consulting fees – directors and officers $ 802,374 $ 733,718 $ 463,579 Management fees $ 142,594 $ 144,000 $ 240,000 Rent $ - $ 23,772 $ 29,989

SEGMENTED INFORMATION (Tables)

SEGMENTED INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2015
Schedule of Segment Reporting Information, by Segment [Table Text Block]	2015 2014 US $ - $ - Chile 844,443 811,256 China 93,923 118,709 $ 938,366 $ 929,965

COMMITMENTS (Tables)

COMMITMENTS (Tables)	12 Months Ended
	Dec. 31, 2015
Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]	2016 $ 83,431 2017 83,431 2018 83,431 2019 83,431 2020 83,431 $ 417,155

GOING CONCERN (Narrative) (Deta

GOING CONCERN (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Accumulated Deficit	$ 59,653,661	$ 55,533,880
Net loss	$ 4,119,781	$ 7,751,071	$ 4,493,817

SIGNIFICANT ACCOUNTING POLICI33

SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details)	12 Months Ended
	Dec. 31, 2015
Likelihood of being realized upon ultimate resolution with a taxing authority	50.00%

FINANCIAL INSTRUMENTS AND RIS34

FINANCIAL INSTRUMENTS AND RISKS (Narrative) (Details)	12 Months Ended
	Dec. 31, 2015USD ($)	Dec. 31, 2015CLP	Dec. 31, 2015HKD	Dec. 31, 2015CNY (¥)	Dec. 31, 2014USD ($)	Dec. 31, 2014CLP	Dec. 31, 2014HKD	Dec. 31, 2014CNY (¥)	Dec. 31, 2013USD ($)	Dec. 31, 2012USD ($)
Cash	$ 396,878				$ 949,806				$ 2,056,996	$ 1,126,720
Accounts payable and accrued liabilities	$ 135,354				$ 317,515
Net monetary assets			HKD 7,678	¥ 152,095			HKD 44,938	¥ 122,760
Net monetary liabilities | CLP		CLP 44,693				CLP 155,120
Chilean Pesos [Member]
Change in exchange rate	17.00%
Chinese Yuan and Hong Kong Dollar [Member]
Change in exchange rate	6.00%

MINERAL PROPERTIES (Narrative)

MINERAL PROPERTIES (Narrative) (Details) - USD ($)	Sep. 05, 2003	Mar. 17, 2000
Purchase of mining exploration, total amount		$ 1,000,000
Purchase of mining exploration, cash paid		$ 350,000
Subsidiaries [Member]
Acquired interest rate percentage	100.00%
Number of exploration mining concessions	9
Purchase consideration including legal fee	$ 651,950

TECHNOLOGY RIGHTS (Narrative) (

TECHNOLOGY RIGHTS (Narrative) (Details) - USD ($)	Oct. 01, 2010	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Common stock issued for agreement	4,000,000
Common stock released upon signing	1,000,000
Escrow release period	24 months
Research and development		$ 0	$ 8,197	$ 335,188
Technology rights, carrying amount			1,477,774
Technology Rights, market value			2,800,000
Amortization of Technical Rights			1,322,226
Impairment loss		$ 0	1,477,774	$ 0
Chinuka [Member]
Common stock issued for agreement	800,000
Common stock released upon signing	500,000
Common stock to be released from escrow over twenty four months at end of each subsequent fiscal quarter	37,500
La Serena [Member]
Common stock issued for agreement	3,200,000
Advance development expense within five years of the effective date			$ 5,000,000
Gross royalty payment, percentage			2.00%
Effective royalty minimum payment per year following five years from the effective date			$ 200,000
Common stock to be released from escrow over twenty four months at end of each subsequent fiscal quarter	337,500

CAPITAL STOCK (Narrative) (Deta

CAPITAL STOCK (Narrative) (Details) - USD ($)	1 Months Ended		3 Months Ended	6 Months Ended		12 Months Ended
	Dec. 31, 2015	Mar. 31, 2015	Mar. 31, 2015	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2010	Jul. 31, 2015	Aug. 31, 2014	Apr. 30, 2014	Dec. 03, 2013
Warrant [Member]
Private placement units issued											5,625,000
Common Stock and Paid-In Capital in Excess of Par Value [Member]
Stock issued for services, value						$ 111,000	$ 327,600
Share-Based Compensation [Member]
Stock issued for services, value						$ 15,000
Stock-based compensation							136,680	$ 164,912
Unamortized stock-based compensation							$ 168,907	$ 0
Warrants, exercise price							$ 0.65
Warrants, risk-free interest rate							0.93%
Warrants, expected life							3 years
Warrants, volitility factor							64.00%
Warrants, dividend yeild							0.00%
Warrants issued as compensation							2,000,000
Price per share						$ 0.36
Amortization of shares						700,000
Amortization of shares, value						$ 75,222
Unamortized value of shares						129,008	$ 204,232
Share-Based Compensation [Member] | Marketing and Consulting Services [Member]
Equity Issuance, Amount per Share			$ 0.35	$ 0.38
Stock issued for services, value						$ 111,000
Common stock issued for services, shares						300,000
Common stock issued for services, shares		300,000
Share-Based Compensation [Member] | Directors, Officers, and Employees [Member]
Equity Issuance, Amount per Share						$ 0.37
Stock issued for services, value						$ 354,849
Common stock issued for services, shares						1,159,050
Share-Based Compensation [Member] | Officers [Member]
Stock options granted						300,000
Stock options granted, value						$ 30,371
Common Stock, Shares Authorized	500,000,000					500,000,000	500,000,000
Preferred Stock, Shares Authorized	100,000,000					100,000,000	100,000,000
Preferred stock, shares issued
Preferred stock designated, par value	$ 0.001					$ 0.001	$ 0.001
Stock issued for services, value						$ 111,000	$ 327,600
Stock option exercise price						$ 0.45
Stock option, Outstanding	1,375,000					1,375,000	1,225,000	150,000
Exercise Price	$ 0.45					$ 0.45	$ 0.55	$ 1.30
Warrant exercisable price per share						$ 0.55
Selling commissions for units sold						$ 245,000	$ 140,000
Stock-based compensation						$ 475,443	$ 588,248	$ 164,912
Expected dividend rate						0.00%
Exercise price for warrants						$ 0.30
Units agreed to be purchased										20,000,000
Shares to be issued upon exercise of warrants						13,875,000	10,725,000
Stock options granted						300,000	1,075,000
Incremental fair value							$ 71,001	$ 0
Warrants outstanding	35,362,585					35,362,585	21,487,585	12,762,585
Bonus warrants issued						6,000,000
Staff in Chile [Member]
Share certificate, shares amount							175,000
Consultants, Directors and Officers [Member]
Share certificate, shares amount							555,000
Million Cheer Investment Limited [Member]
Price per share							$ 0.55
Price per unit							$ 0.40
Total gross proceeds from units issued							$ 2,000,000
Percentage of warrant in each unit						90.00%
Former CFO [Member]
Stock issued for services, value							$ 21,000
Common stock issued for services, shares							70,000
Grand Agriculture Investment Limited [Member]
Number of common stock in each unit				1
Exercise Price	$ 0.55					$ 0.55
Price per unit						$ 0.40
Total gross proceeds from units issued						$ 3,500,000
Percentage of warrant in each unit						90.00%
Former Executive Director [Member]
Common stock issued for services, shares						300,000
Private Placement 1[Member]
Warrants, exercise price	0.55					$ 0.55
Shares to be issued upon exercise of warrants						13,875,000
Private Placement, Binding MOU Second Tranche [Member]
Private placement units issued							6,250,000
Gross proceed from private placement							$ 2,500,000
Number of common stock in each unit							1
Commissions paid							$ 175,000
Sale price per unit							$ 0.40
Warrants, exercise price							$ 0.55
Percentage of one share							90.00%
Private Placement, Binding MOU Second Tranche [Member] | Million Cheer Investment Limited [Member]
Number of units sold							5,000,000
Units agreed to be purchased							20,000,000
Private Placement, Binding MOU Second Tranche [Member] | Grand Agriculture Investment Limited [Member]
Number of units sold						8,750,000
Units agreed to be purchased													20,000,000
Extended to April 30, 2016 [Member]
Exercise price for warrants	$ 0.65
Shares to be issued upon exercise of warrants	5,048,299
Extended to December 31, 2017 [Member]
Exercise price for warrants	$ 0.45
Shares to be issued upon exercise of warrants	5,714,286
Extended to December 31, 2018 [Member]
Exercise price for warrants	$ 0.55
Shares to be issued upon exercise of warrants	10,125,000
Warrants Cancelled [Member]
Warrants issued as compensation							2,000,000		2,000,000
New Warrants [Member]
Warrants issued as compensation							600,000
Re-priced [Member] | Warrant [Member]
Warrant exercisable price per share							$ 0.35
Re-priced [Member] | Private Placement 1[Member]
Warrants exercise price						$ 0.35
Re-priced [Member] | Extended to April 30, 2016 [Member]
Exercise price for warrants	$ 0.30
Re-priced [Member] | Extended to December 31, 2017 [Member]
Exercise price for warrants	0.30
Re-priced [Member] | Extended to December 31, 2018 [Member]
Exercise price for warrants	$ 0.35
Stock Option [Member]
Percentage of outstanding shares at the end of each year, pool	1.00%					1.00%
Fair market value of stock options granted						$ 30,371
Fair Value Assumptions, Expected Volatility Rate						65.00%
Risk free interest rate						0.87%
Fair value assumptions, exercise price	$ 0.10					$ 0.10
Weighted average remaining contractual life							3 years
Warrant [Member]
Private placement units issued												4,500,000
Warrant exercisable price per share							$ 0.55
2005 Plan [Member]
Stock option authorized to grant	3,140,000					3,140,000
Stock option granted term				5 years	5 years
2010 Plan [Member]
Stock issued for services, value							$ 306,600
Common stock issued for services, shares							730,000
Bonus Warrants [Member] | Private Placement 1[Member]
Shares to be issued upon exercise of warrants						6,000,000
2015 Plan [Member]
Stock option authorized to grant	4,641,040					4,641,040
Increase in stock option authorized to grant as a percentage of total outstanding shares at year-end						10.00%
Shares reduction amount						3,949,500
Expiry Date December 31, 2015 [Member]
Warrant, Exercise Price							$ 0.65
Warrants exercise price									$ 1.50
2014 Compensation Plan [Member]
Common stock issued for services, shares						859,050
Bonus Shares Issuable [Member]
Exercise Price							$ 0.36
Stock-based compensation							$ 47,768

LOSS PER SHARE (Narrative) (Det

LOSS PER SHARE (Narrative) (Details) - shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Warrant [Member]
Potentially dilutive securities not included in diluted weighted average shares outstanding	35,362,585	21,487,585	12,762,585
Stock Option [Member]
Potentially dilutive securities not included in diluted weighted average shares outstanding	1,375,000	1,225,000	150,000

INCOME TAXES (Narrative) (Detai

INCOME TAXES (Narrative) (Details)	12 Months Ended
	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013	Dec. 31, 2015CLP	Dec. 31, 2014CLP
Income tax benefit computed at statutory tax rate	35.00%	35.00%	35.00%
Value Added Tax Receivable	$ 1,091,583	$ 1,140,209		CLP 772,994,000	CLP 690,765,000

RELATED PARTY TRANSACTIONS (Nar

RELATED PARTY TRANSACTIONS (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Monthly fee	$ 12,500
Accrual Prior to Environment Impact Statement	$ 1,500
Stock options granted	300,000	1,075,000
Share based compensation expense	$ 586,443	$ 915,848	$ 164,912
Management Fees [Member]
Share based compensation expense	142,594	630,248	164,912
Consulting Fees [Member]
Share based compensation expense	225,086	96,600	0
Professional Fees [Member]
Share based compensation expense	27,010	21,000	0
Office [Member]
Share based compensation expense	0	12,600	0
Minimum [Member]
Monthly fee	11,250
Maximum [Member]
Monthly fee	$ 12,500
Amended Agreement [Member]
Monthly fee		$ 10,000
Shares to be issued		200,000
Retroactive Agreement [Member]
Minimum project capital amount		$ 10,000,000
Stock price performance		$ 1
Retroactive Agreement 2 [Member]
Minimum project capital amount		$ 10,000,000
Stock price performance		$ 1
Monthly Salary [Member] | Amended Agreement [Member]
Related party transaction, amounts of transaction		$ 20,000
Accrual Prior to Environment Impact Statement		5,000
Monthly Salary [Member] | Retroactive Agreement [Member]
Related party transaction, amounts of transaction		13,500
Accrual Prior to Environment Impact Statement		1,700
Monthly Salary [Member] | Retroactive Agreement 2 [Member]
Related party transaction, amounts of transaction		13,500
Accrual Prior to Environment Impact Statement		$ 1,700
Definitive Strategic Alliance Bonus [Member]
Shares to be issued	200,000
Definitive Strategic Alliance Bonus [Member] | Retroactive Agreement [Member]
Shares to be issued		500,000
Definitive Strategic Alliance Bonus [Member] | Retroactive Agreement 2 [Member]
Shares to be issued		350,000
Stock Exchange Listing Bonus [Member]
Shares to be issued	200,000
Stock Exchange Listing Bonus [Member] | Amended Agreement [Member]
Shares to be issued		200,000
Stock Exchange Listing Bonus [Member] | Retroactive Agreement [Member]
Monthly fee	$ 10,500
Shares to be issued		200,000
Stock Exchange Listing Bonus [Member] | Retroactive Agreement 2 [Member]
Monthly fee	9,000
Shares to be issued		150,000
Bonus Shares [Member] | Retroactive Agreement [Member]
Shares to be issued		300,000
Bonus Shares [Member] | Retroactive Agreement 2 [Member]
Shares to be issued		200,000
Director [Member] | Amended Agreement [Member]
Monthly fee	5,000
Directors and Officers [Member] | Consulting Fees [Member]
Share based compensation expense	$ 191,753	$ 155,400	$ 0
Service Provider [Member]
Shares to be issued	300,000
Stock option exercise price	$ 0.45

COMMITMENTS (Narrative) (Detail

COMMITMENTS (Narrative) (Details) - USD ($)	Dec. 31, 2015	Jul. 01, 2014
Contractual Obligation	$ 458,872	$ 584,018
Deposits Assets	$ 14,000

SUBSEQUENT EVENTS (Narrative) (

SUBSEQUENT EVENTS (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Debt Instrument, Interest Rate, Stated Percentage	7.00%
Debt Instrument, Convertible, Conversion Price	$ 0.12
Preferred Stock, Par Value	$ 0.001	$ 0.001
Number of warrants issued	8,333,333
Exercise price for warrants	$ 0.30
Proceeds from Convertible Debt	$ 2,000,000

Schedule of Amortization for Pr

Schedule of Amortization for Property and Equipment (Details)	12 Months Ended
	Dec. 31, 2015
Vehicles [Member]
Property, plant and equipment, useful life	5 years
Office furniture [Member]
Property, plant and equipment, useful life	5 years
Office equipment [Member]
Property, plant and equipment, useful life	5 years
Computer equipment [Member]
Property, plant and equipment, useful life	5 years
Field equipment [Member]
Property, plant and equipment, useful life	5 years
Computer Software [Member] | Minimum [Member]
Property, plant and equipment, useful life	1 year
Computer Software [Member] | Maximum [Member]
Property, plant and equipment, useful life	5 years

Schedule of Summary of Fair Val

Schedule of Summary of Fair Value Measurement by Level for Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Cash	$ 396,878	$ 949,806	$ 2,056,996	$ 1,126,720
Level 1 [Member]
Cash	396,878	949,806
Level 2 [Member]
Cash	0	0
Level 3 [Member]
Cash	$ 0	$ 0

Property and Equipment (Details

Property and Equipment (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Cost	$ 715,395	$ 651,631
Accumulated Amortization	428,979	373,616
Net	286,416	278,015
Vehicles [Member]
Cost	129,439	129,439
Accumulated Amortization	117,590	106,221
Net	11,849	23,218
Office furniture [Member]
Cost	175,048	175,048
Accumulated Amortization	81,779	57,173
Net	93,269	117,875
Office equipment [Member]
Cost	33,574	32,609
Accumulated Amortization	22,818	14,283
Net	10,756	18,326
Computer equipment [Member]
Cost	7,553	7,553
Accumulated Amortization	7,553	7,553
Net	0	0
Computer software [Member]
Cost	68,995	68,995
Accumulated Amortization	68,995	68,995
Net	0	0
Field equipment [Member]
Cost	154,150	154,029
Accumulated Amortization	130,244	119,391
Net	23,906	34,638
Land held for future development
Cost	146,636	83,958
Accumulated Amortization	0	0
Net	$ 146,636	$ 83,958

Exploration Expenditures Incurr

Exploration Expenditures Incurred (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Exploration expenditures	$ 1,036,235	$ 2,403,199	$ 1,725,190
Assaying [Member]
Exploration expenditures	0	104,499	3,371
Concession fees [Member]
Exploration expenditures	75,661	103,022	107,275
Drilling [Member]
Exploration expenditures	0	0	97,233
Environmental [Member]
Exploration expenditures	227,086	1,070,392	568,361
Equipment rental [Member]
Exploration expenditures	11,326	37,520	50,634
Geological consulting fees [Member]
Exploration expenditures	46,020	447,059	135,028
Maps and miscellaneous [Member]
Exploration expenditures	0	0	0
Site costs [Member]
Exploration expenditures	652,177	618,911	745,680
Transportation [Member]
Exploration expenditures	$ 23,965	$ 21,796	$ 17,608

Technology Rights (Details)

Technology Rights (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Cost		$ 2,800,000
Accumulated Amortization		1,322,226
Write off	$ 0	1,477,774	$ 0
Technology Rights	$ 0	$ 0

Service-Based Stock Option Acti

Service-Based Stock Option Activity (Details) - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Number of Shares
Outstanding - beginning of year	1,225,000	150,000
Stock options granted	300,000	1,075,000
Number of Shares, Expired	(150,000)	0
Number of Shares, Outstanding - end of period	1,375,000	1,225,000
Weighted Average Exercise Price
Weighted Average Exercise Price, Outstanding - beginning of period	$ 0.55	$ 1.30
Weighted Average Exercise Price, Granted	0.45	0.45
Weighted Average Exercise Price, Expired	0	0
Weighted Average Exercise Price, Outstanding - end of period	0.45	0.55
Bonus Shares Issuable [Member]
Weighted Average Exercise Price
Weighted Average Exercise Price, Outstanding - beginning of period	$ 0.36
Weighted Average Exercise Price, Outstanding - end of period		$ 0.36

Stock Options Outstanding (Deta

Stock Options Outstanding (Details)	Dec. 31, 2015$ / sharesshares
Exercise Price | $ / shares	$ 0.45
Stock option, Outstanding | shares	1,375,000
October 2, 2017
Exercise Price | $ / shares	$ 0.45
Stock option, Outstanding | shares	375,000
December 31, 2017
Exercise Price | $ / shares	$ 0.45
Stock option, Outstanding | shares	1,000,000
October 1, 2017
Exercise Price | $ / shares	$ 1.30
Stock option, Outstanding | shares	0
Weighted Average Exercise Price at $0.45 [Member]
Exercise Price | $ / shares	$ 0.45
Stock option, Outstanding | shares	1,375,000

Shares under Option in Exercise

Shares under Option in Exercise Price Ranges (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Exercise Price	$ 0.45	$ 0.55
Number of Shares under Option	1,375,000	1,225,000
Weighted Average Exercise Price $0.45 - $1.30 [Member]
Weighted Average Remaining Contractual Life in Years		2 years 7 months 6 days
Number of Shares under Option		1,225,000
Intrinsic value		$ 0
Weighted Average Exercise Price $0.45 - $1.30 [Member] | Minimum [Member]
Exercise Price		$ 0.45
Weighted Average Exercise Price $0.45 - $1.30 [Member] | Maximum [Member]
Exercise Price		$ 1.30
Weighted Average Exercise Price at $0.45 [Member]
Exercise Price	$ 0.45
Weighted Average Remaining Contractual Life in Years	1 year 11 months 8 days
Number of Shares under Option	1,375,000
Intrinsic value	$ 0

Total Stock-Based Compensation

Total Stock-Based Compensation Recognized for Shares Issued and Warrants Granted for Services (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Share based compensation expense	$ 586,443	$ 915,848	$ 164,912
Management Fees [Member]
Share based compensation expense	142,594	630,248	164,912
Consulting Fees [Member]
Share based compensation expense	225,086	96,600	0
Consulting Fees [Member] | Directors and Officers [Member]
Share based compensation expense	191,753	155,400	0
Professional Fees [Member]
Share based compensation expense	27,010	21,000	0
Office [Member]
Share based compensation expense	$ 0	$ 12,600	$ 0

Stock Purchase Warrant Activity

Stock Purchase Warrant Activity (Details)	12 Months Ended
	Dec. 31, 2015$ / warrantshares	Dec. 31, 2014$ / warrant$ / unitshares	Dec. 31, 2015$ / warrant	Dec. 31, 2014$ / warrant	Dec. 31, 2013$ / unit
Number of warrants
Number of warrants, Outstanding at the Beginning of the Period	21,487,585	12,762,585
Shares to be issued upon exercise of warrants	13,875,000	10,725,000
Number of warrants, Outstanding Weighted Average Exercise Price	0.34	0.55	0.34	0.55	0.69
Number of warrants, Expired	0	0
Number of warrants, Cancelled		(2,000,000)
Number of warrants, Outstanding End of the Period	35,362,585	21,487,585
Weighted Average Exercise Price
Weighted Average Exercise Price, Issued | $ / warrant			0.35	0.55
Weighted Average Exercise Price, Expired | $ / warrant			0	0
Weighted Average Exercise Price, Cancelled | $ / unit		(1.50)
Weighted Average Exercise Price, Outstanding at End of Period | $ / warrant	0.34	0.55
Weighted Average Exercise Price, Outstanding at End of Period | $ / warrant				0.55

Share Purchase Warrants Outstan

Share Purchase Warrants Outstanding (Details) - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Number of warrants, Outstanding	35,362,585	21,487,585
Expiry Date, April 30, 2016 [Member]
Warrant, exercise price per warrant	$ 0.30
Number of warrants, Outstanding	1,770,328	1,770,328
Expiry Date, April 30, 2016 [Member]
Warrant, exercise price per warrant	$ 0.30
Number of warrants, Outstanding	910,534	910,534
Expiry Date, April 30, 2016 [Member]
Warrant, exercise price per warrant	$ 0.30
Number of warrants, Outstanding	2,367,437	2,367,437
Expiry Date, December 31, 2017 Exercise Price 1 [Member]
Warrant, exercise price per warrant		$ 0.30
Number of warrants, Outstanding	5,714,286	5,714,286
Expiry Date, December 31, 2017 Exercise Price 2 [Member]
Warrant, exercise price per warrant		$ 0.65
Number of warrants, Outstanding	600,000	600,000
Expiry Date, December 31, 2018 [Member]
Warrant, exercise price per warrant	$ 0.35
Number of warrants, Outstanding	4,500,000	4,500,000
Expiry Date, December 31, 2018 [Member]
Warrant, exercise price per warrant	$ 0.35
Number of warrants, Outstanding	5,625,000	5,625,000
Expiry Date, December 31, 2018 [Member]
Warrant, exercise price per warrant	$ 0.35
Number of warrants, Outstanding	13,875,000	0

Schedule of Effective Income Ta

Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income tax benefit computed at statutory tax rate	$ (1,441,924)	$ (2,712,876)	$ (1,572,836)
Stock-based-compensation	205,255	320,547	57,719
Other timing differences	(761,849)	533,182	1,488,526
Adjustment due to effective rate attributable to income taxes of other countries	561,103	309,282	132,287
Loss carry-forward overprovided in prior years	(647,274)
Effect in change of tax rate	(529,175)	0	(265,583)
Income Tax Expense (Benefit)	(2,613,864)	(1,549,865)	(159,887)
Change in valuation allowance	2,613,864	1,549,865	159,887
Income Tax Provision	$ 0	$ 0	$ 0

Schedule of Deferred Tax Assets

Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Deferred income tax assets
Net operating losses and credit carry-forwards	$ 10,504,313	$ 9,116,917	$ 7,746,334
Technology rights	517,221	626,110	0
Property and Equipment	4,943	121	0
Resource properties	2,902,066	2,828,546	3,114,223
Deferred tax assets, gross	13,928,543	12,571,694	10,860,557
Valuation allowance	(13,928,543)	(12,571,694)	(10,860,557)
Deferred tax assets, net of valuation allowance	$ 0	$ 0	$ 0

Summary of Operating Loss Carry

Summary of Operating Loss Carryforwards (Details)	Dec. 31, 2015USD ($)
Total operating losses	$ 29,649,398
Non-expiring carry-forward losses	6,650,398
2018 [Member]
Available to USA	9,000
Available to Foreign	0
Total operating losses	9,000
2019 [Member]
Available to USA	10,000
Available to Foreign	257,000
Total operating losses	267,000
2020 [Member]
Available to USA	2,000
Available to Foreign	290,000
Total operating losses	292,000
2021 [Member]
Available to USA	5,000
Available to Foreign	0
Total operating losses	5,000
2022 [Member]
Available to USA	1,000
Available to Foreign	0
Total operating losses	1,000
2023 [Member]
Available to USA	22,000
Available to Foreign	0
Total operating losses	22,000
2024 [Member]
Available to USA	783,000
Available to Foreign	0
Total operating losses	783,000
2025 [Member]
Available to USA	691,000
Available to Foreign	0
Total operating losses	691,000
2026 [Member]
Available to USA	410,000
Available to Foreign	0
Total operating losses	410,000
2027 [Member]
Available to USA	2,161,000
Available to Foreign	0
Total operating losses	2,161,000
2028 [Member]
Available to USA	349,000
Available to Foreign	0
Total operating losses	349,000
2029 [Member]
Available to USA	1,007,000
Available to Foreign	0
Total operating losses	1,007,000
2030 [Member]
Available to USA	1,816,000
Available to Foreign	0
Total operating losses	1,816,000
2031 [Member]
Available to USA	8,272,000
Available to Foreign	0
Total operating losses	8,272,000
2032 [Member]
Available to USA	2,886,000
Available to Foreign	0
Total operating losses	2,886,000
2033 [Member]
Available to USA	612,000
Available to Foreign	0
Total operating losses	612,000
2034 [Member]
Available to USA	1,905,000
Available to Foreign	0
Total operating losses	1,905,000
2035 [Member]
Available to USA	1,511,000
Available to Foreign	0
Total operating losses	1,511,000
Foreign Tax Authority [Member]
Total operating losses	7,197,398
Non-expiring carry-forward losses	6,650,398
Domestic Tax Authority [Member]
Total operating losses	22,452,000
Non-expiring carry-forward losses	$ 0

Schedule of Related Party Trans

Schedule of Related Party Transactions (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Expenditures in the year:
Consulting fees - directors and officers	$ 994,127	$ 889,118	$ 463,579
Management fees	142,594	774,247	404,912
Rent	215,591	195,857	170,217
Management [Member]
Amounts payable	(24,603)	(77,196)	(186,886)
Expenditures in the year:
Consulting fees - directors and officers	802,374	733,718	463,579
Management fees	142,594	144,000	240,000
Rent	$ 0	$ 23,772	$ 29,989

Schedule of Segment Reporting I

Schedule of Segment Reporting Information, by Segment (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Total Assets	$ 1,534,371	$ 1,994,870
US [Member]
Total Assets	0	0
China
Total Assets	93,923	118,709
Chile [Member]
Total Assets	844,443	811,256
Segment Reporting [Member]
Total Assets	$ 938,366	$ 929,965

Schedule of Future Minimum Leas

Schedule of Future Minimum Lease Payments for Capital Leases (Details)	Dec. 31, 2015USD ($)
2,016	$ 83,431
2,017	83,431
2,018	83,431
2,019	83,431
2,020	83,431
Capital Leases, Future Minimum Payments Due	$ 417,155