Timberline Resources (TLRS) 10-K 23 Dec 14 2014 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Sep. 30, 2014	Dec. 19, 2014	Mar. 31, 2014
Document and Entity Information
Entity Registrant Name	Timberline Resources Corp.
Document Type	10-K
Document Period End Date	30-Sep-14
Amendment Flag	FALSE
Entity Central Index Key	1288750
Current Fiscal Year End Date	-21
Entity Common Stock, Shares Outstanding		9,900,084
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	FY
Entity Public Float			$11,135,738

TIMBERLINE_RESOURCES_CORPORATI

TIMBERLINE RESOURCES CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2014		Sep. 30, 2013
CURRENT ASSETS:
Cash	$2,825,320		$824,919
Prepaid expenses and other current assets	30,769		30,151
Joint venture receivable	11,576		53,586
TOTAL CURRENT ASSETS	2,867,665		908,656
PROPERTY, MINERAL RIGHTS, AND EQUIPMENT	14,431,038		14,037,784
OTHER ASSETS:
Prepaid drilling services	440,000		660,000
Investment in joint venture	642,450		642,450
Restricted cash	971,854		639,422
Deposits and other assets	4,500		4,500
TOTAL OTHER ASSETS	2,058,804		1,946,372
TOTAL ASSETS	19,357,507		16,892,812
CURRENT LIABILITIES:
Accounts payable	140,697		204,897
Accrued expenses	57,419		90,000
Accrued director fees	91,000		123,292
Accrued payroll, benefits, and taxes	35,958		52,444
TOTAL CURRENT LIABILITIES	325,074		470,633
LONG-TERM LIABILITIES:
Common stock payable	80,000
Asset retirement obligation	132,115		125,823
TOTAL LONG-TERM LIABILITIES	212,115		125,823
COMMITMENTS	0	[1]	0	[1]
STOCKHOLDERS' EQUITY:
Preferred stock, $0.01 par value; 10,000,000 shares authorized, none issued and outstanding	0		0
Common stock, $0.001 par value; 200,000,000 and 100,000,000 shares authorized, 9,816,751 and 6,168,490 shares issued and outstanding, respectively	9,817	[2]	6,168	[2]
Additional paid-in capital	63,573,675		58,275,476
Accumulated deficit	-44,763,174		-41,985,288
TOTAL STOCKHOLDERS' EQUITY	18,820,318		16,296,356
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$19,357,507		$16,892,812
[1]	Note 15
[2]	Note 13

Statement_of_Financial_Positio

Statement of Financial Position - Parenthetical (USD $)	Sep. 30, 2014	Sep. 30, 2013
Statement of financial position
Preferred Stock, Par Value	$0.01	$0.01
Preferred Stock, Shares Authorized	10,000,000	10,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par Value	$0.00	$0.00
Common Stock, Shares Authorized	200,000,000	100,000,000
Common Stock, Shares Issued	9,816,751	6,168,490
Common Stock, Shares Outstanding	9,816,751	6,168,490

TIMBERLINE_RESOURCES_CORPORATI1

TIMBERLINE RESOURCES CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
OPERATING EXPENSES:
Mineral exploration expenses	$899,113	$1,945,420
Salaries and benefits	857,765	791,655
Professional fees expense	360,161	189,487
Insurance expense	79,084	111,401
Impairment of mineral rights	100,000
Gain on lease of mineral rights		-250,000
Gain on disposal of equipment	-16,565
General and administrative expenses	408,688	550,526
TOTAL OPERATING EXPENSES	2,688,246	3,338,489
LOSS FROM OPERATIONS	-2,688,246	-3,338,489
OTHER INCOME (EXPENSE):
Foreign exchange loss	-2,557	-2,619
Interest income (expense), net	-17,083	66,526
Loss on settlement of prepaid drilling services	-70,000
Impairment of long-term investment		-450,000
TOTAL OTHER INCOME (EXPENSE)	-89,640	-386,093
LOSS BEFORE INCOME TAXES	-2,777,886	-3,724,582
INCOME TAX EXPENSE	0	0
NET LOSS	($2,777,886)	($3,724,582)
NET LOSS PER SHARE AVAILABLE TO COMMON STOCKHOLDERS, BASIC AND DILUTED	($0.42)	($0.67)
WEIGHTED-AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, BASIC AND DILUTED	6,674,196	5,587,908

TIMBERLINE_RESOURCES_CORPORATI2

TIMBERLINE RESOURCES CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (USD $)		Common Stock Shares		Common Stock Amount	Additional Paid-in Capital	Accumulated Deficit	Total
				USD ($)	USD ($)	USD ($)	USD ($)
Balance at Sep. 30, 2012				$5,189	$56,255,118	($38,260,706)	$17,999,601
Shares outstanding at Sep. 30, 2012		5,189,324
Common stock and warrants issued for cash at $2.40 per share, net of offering costs, value				896	1,682,941		1,683,837
Common stock and warrants issued for cash at $2.40 per share, net of offering costs, shares		895,833
Vested portion of stock options granted					10,000		10,000
Common stock issued for mineral rights, property, and equipment purchase, value				75	305,925		306,000
Common stock issued for mineral rights, property, and equipment purchase, shares		75,000
Common stock issued for mineral exploration expenses, value				8	21,492		21,500
Common stock issued for mineral exploration expenses, shares		8,333
Net loss						-3,724,582	-3,724,582
Stockholders' equity at Sep. 30, 2013				6,168	58,275,476	-41,985,288	16,296,356
Shares outstanding at Sep. 30, 2013		6,168,490
Common stock issued in exchange for cancellation of note payable to Wolfpack pursuant to acquisition, value	[1]			707	1,016,520		1,017,227
Common stock issued in exchange for cancellation of note payable to Wolfpack pursuant to acquisition, stock		706,407	[1]				706,407
Common stock issued for acquisition of Wolfpack Nevada, value	[2]			2,871	4,131,750		4,134,621
Common stock issued for acquisition of Wolfpack Nevada, stock	[2]	2,871,265
Common stock issued for mineral exploration expenses, value				54	109,946		110,000
Common stock issued for mineral exploration expenses, shares		53,922
Common stock issued for property, mineral rights, and equipment purchase, value				17	39,983		40,000
Common stock issued for property, mineral rights, and equipment purchase, shares		16,667
Net loss						-2,777,886	-2,777,886
Stockholders' equity at Sep. 30, 2014				$9,817	$63,573,675	($44,763,174)	$18,820,318
Shares outstanding at Sep. 30, 2014		9,816,751
[1]	Note 11
[2]	Note 4

TIMBERLINE_RESOURCES_CORPORATI3

TIMBERLINE RESOURCES CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended
	Sep. 30, 2014		Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	($2,777,886)		($3,724,582)
Adjustments to reconcile net loss to net cash used by operating activities:
Depreciation and amortization	11,118		27,789
Accretion of asset retirement obligation	6,292		5,992
Common stock issued for mineral exploration expenses	110,000		21,500
Impairment of mineral rights	100,000
Loss on settlement of prepaid drilling services	70,000
Gain on disposal of equipment	-16,565
Common stock issued for interest on note payable	17,226		21,500
Stock-based compensation			10,000
Gain on lease of mineral rights			-250,000
Impairment of long-term investment			450,000
Changes in assets and liabilities:
Prepaid drilling services, prepaid expenses and other current assets, and deposits and other assets	-618		264,625
Joint venture receivable	42,010		719,442
Accounts payable	-64,200		-724,332
Accrued expenses and director fees	-64,873		101,625
Accrued payroll, benefits, and taxes	-16,486		3,443
Net cash used by operating activities	-2,583,982		-3,094,498
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property, mineral rights, and equipment	-158,000		-148,500
Proceeds from sale of property, mineral rights, and equipment	22,056
Change in restricted cash	16,184
Net cash acquired in acquisition of Wolfpack Nevada	3,554,143	[1]		[1]
Settlement of prepaid drilling services	150,000
Payment on note receivable			1,350,000
Net cash provided by investing activities	3,584,383		1,201,500
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of note payable to Wolfpack	1,000,000
Proceeds from issuance of common stock and warrants, net of stock offering costs			1,683,837
Net cash provided by financing activities	1,000,000		1,683,837
Net increase (decrease) in cash	2,000,401		-209,161
CASH AT BEGINNING OF YEAR	824,919		1,034,080
CASH AT END OF YEAR	2,825,320		824,919
NON-CASH FINANCING AND INVESTING ACTIVITIES:
Common stock issued for mineral rights purchase	40,000		306,000
Common stock payable for mineral rights	80,000
Common stock issued to repay note payable and accrued interest	1,017,226
Common stock issued in connection with acquisition of Wolfpack Nevada	4,134,621	[1]		[1]
Long-term investment received from lease of mineral rights			$25,000
[1]	Note 4

Note_1_Organization_and_Descri

Note 1 - Organization and Description of Business	12 Months Ended
	Sep. 30, 2014
Notes
Note 1 - Organization and Description of Business:	NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS:
	Timberline Resources Corporation (“Timberline” or “the Company”, “we”, “us”, “our”) was incorporated in August of 1968 under the laws of the State of Idaho as Silver Crystal Mines, Inc., for the purpose of exploring for precious metal deposits and advancing them to production.
	In 2006, we acquired Kettle Drilling, Inc. and its Mexican subsidiary, World Wide Exploration S.A. de C.V. (“World Wide”).  In 2008, Kettle Drilling, Inc. changed its name to Timberline Drilling Incorporated (“Timberline Drilling”).  In 2011 we closed the sale of Timberline Drilling and World Wide and became solely a mineral exploration enterprise.

Note_2_Summary_of_Significant_

Note 2 - Summary of Significant Accounting Policies	12 Months Ended
	Sep. 30, 2014
Notes
Note 2 - Summary of Significant Accounting Policies:	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:
	a.             Basis of Presentation – This summary of significant accounting policies is presented to assist in understanding the financial statements. The financial statements and notes are representations of our management, which is responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America and have been consistently applied in the preparation of the financial statements.
	b.             Principles of Consolidation – The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries, Staccato Gold Resources, Ltd., BH Minerals USA, Inc. and Wolfpack Gold (Nevada), after elimination of intercompany accounts and transactions.
	c.             Exploration Expenditures – All exploration expenditures are expensed as incurred. Significant property acquisition payments for active exploration properties are capitalized.  If no mineable ore body is discovered, previously capitalized costs are expensed in the period the property is abandoned.
	d.             Fair Value of Financial Instruments – Our financial instruments include cash and restricted cash. The carrying value of restricted cash approximates fair value based on the contractual terms of those instruments.
	e.             Cash Equivalents – For the purposes of the statement of cash flows, we consider all highly liquid investments with original maturities of three months or less when purchased to be cash equivalents.  Balances are insured by the Federal Deposit Insurance Corporation up to $250,000 for accounts at each financial institution.
	f.             Restricted Cash – Restricted cash represents funds restricted as collateral for bonds held for exploration permits.
	g.             Estimates and Assumptions – The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America requires the use of estimates and assumptions that affect the reported amounts of assets and liabilities at the dates of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Significant areas requiring the use of management assumptions and estimates relate to asset impairments and asset retirement obligations.  Actual results could differ from these estimates and assumptions and could have a material effect on our reported financial position and results of operations.
	h.             Investments – Available-for-sale securities are initially recorded at cost and then carried at fair value, with unrealized gains or losses recorded as a component of equity, unless a decline in value of the security is considered other than temporary. Realized gains and losses and other than temporary impairments are recorded in the statement of operations.  Investments in private entities which do not have a readily determinable fair value, and in which we do not have significant influence, are carried at the lower of cost or fair value.  We also have a 50% interest in a joint venture at our Butte Highlands Gold Project (see Note 6).  Given that our 50% interest in the joint venture is carried to production; we do not have management control over operating decisions of the joint venture until our joint venture partner’s investment in the project, less $2 million, is recovered by the joint venture partner out of future production; and we have no risk of loss from expenses incurred by the joint venture until production, our investment in the joint venture is accounted for on a cost basis.
	i.              Property and Equipment – Property and equipment are stated at cost. Depreciation of property and equipment is calculated using the straight-line method over the estimated useful lives of the assets, which ranges from two to seven years.  Maintenance and repairs are charged to operations as incurred. Significant improvements are capitalized and depreciated over the useful life of the assets. Gains or losses on disposition or retirement of property and equipment are recognized in operating expenses.
	j.              Review of Carrying Value of Property, Mineral Rights and Equipment for Impairment – We review the carrying value of property, mineral rights, and equipment for impairment whenever events and circumstances indicate that the carrying value of an asset may not be recoverable from the estimated future cash flows expected to result from its use and eventual disposition. In cases where undiscounted expected future cash flows are less than the carrying value, an impairment loss is recognized equal to an amount by which the carrying value exceeds the fair value of assets. The factors considered by management in performing this assessment include current operating results, trends and prospects, the manner in which the property is used, the effects of obsolescence, demand, competition, and other economic factors. Based on this assessment, it was determined that an impairment in the value of our White Rock property existed and the entire carrying value of $100,000 was written off as impairment of mineral properties during the year ended September 30, 2014.  No other impairments were recorded at September 30, 2014 and no impairments were recorded for the year ended September 30, 2013.
	k.             Asset Retirement Obligations – The Company accounts for asset retirement obligations by following the uniform methodology for accounting for estimated reclamation and abandonment costs as prescribed by authoritative accounting guidance.  This guidance provides that the fair value of a liability for an asset retirement obligation (“ARO”) will be recognized in the period in which it is incurred if a reasonable estimate of fair value can be made. The ARO is capitalized as part of the carrying value of the assets to which it is associated, and depreciated over the useful life of the asset. Adjustments are made to the liability for changes resulting from passage of time and changes to either the timing or amount of the original present value estimate underlying the obligation. We have an asset retirement obligation associated with our exploration program at the Lookout Mountain exploration project (see Note 10).
	l.              Provision for Income Taxes – Income taxes are provided based upon the liability method of accounting.  Under this approach, deferred income taxes are recorded to reflect the tax consequences in future years of differences between the tax basis of assets and liabilities and their financial reporting amounts at each year-end.   A valuation allowance is recorded against the deferred tax asset if management believes it is more likely than not that some portion or all of the deferred tax assets will not be realized (see Note 12).
	m.           Translation of Foreign Currencies – All amounts in the financial statements are presented in US dollars, and the US dollar is our functional currency. We have a Canadian subsidiary, but this subsidiary has no operations, assets, or liabilities in Canada for the years ended September 30, 2014 and 2013, respectively.  Foreign translation and transaction losses relating to expenses incurred in Canada by Timberline, of $2,557 and $2,619 for the years ended September 30, 2014 and 2013, respectively, have been included in the current period net loss as a component of other expense.
	n.             Stock-based Compensation – We estimate the fair value of our stock-based compensation using the Black-Scholes model, which requires the input of some subjective assumptions. These assumptions include estimating the length of time employees will retain their vested stock options before exercising them (“expected life”), the estimated volatility of our common stock price over the expected term (“volatility”), employee forfeiture rate, the risk-free interest rate and the dividend yield. Changes in the subjective assumptions can materially affect the estimate of fair value of stock-based compensation.  The value of common stock awards is determined based upon the closing price of our stock on the date of the award.
	o.             Net Loss per Share – Basic earnings per share (“EPS”) is computed as net income (loss) available to common shareholders divided by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur from common shares issuable through stock options, warrants, and other convertible securities.
	The dilutive effect of convertible and outstanding securities as of September 30, 2014 and 2013 is as follows:
		2014	2013
	Stock options	203,334	439,292
	Warrants	25,000	25,000
	Total potential dilution	228,334	464,292
	At September 30, 2014 and 2013, the effect of the Company’s outstanding stock options and common stock equivalents would have been anti-dilutive. Accordingly, only basic EPS is presented.
	p.             New Accounting Pronouncements – In July 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. This standard provides guidance on the presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists.  The new requirements are effective for public entities in fiscal years (including interim periods) beginning after December 15, 2013. Adoption of this guidance is not expected to have a material effect on our consolidated financial statements.
	In June 2014, the FASB issued Accounting Standards Update No. 2014-10 (“the ASU”). This update changes the requirements for disclosures as it relates to exploration stage entities.  The ASU specifies that the inception-to-date information is no longer required to be presented in the financial statements of an exploration stage entity.  The amendments in the ASU are effective for annual reporting periods beginning after December 15, 2014 and interim periods therein, with early application permitted for any financial statements that have not yet been issued.  The Company has elected to apply the amendments to its September 30, 2014 financial statements.

Note_3_Fair_Value_of_Financial

Note 3 - Fair Value of Financial Instruments	12 Months Ended
	Sep. 30, 2014
Notes
Note 3 - Fair Value of Financial Instruments:	NOTE 3 – FAIR VALUE OF FINANCIAL INSTRUMENTS:
	The table below sets forth our financial assets and liabilities that were accounted for at fair value on a recurring basis as of September 30, 2014 and 2013, respectively, and the fair value calculation input hierarchy level that we have determined applies to each asset and liability category.
			2014	2013		Input Hierarchy Level
	Assets:
	Cash	$	2,825,320	$	824,919		Level 1
	Restricted cash		971,854		639,422		Level 1

Note_4_Acquisition_of_Wolfpack

Note 4 - Acquisition of Wolfpack Gold (Nevada) Corp.	12 Months Ended
	Sep. 30, 2014
Notes
Note 4 - Acquisition of Wolfpack Gold (Nevada) Corp.:	NOTE 4 – ACQUISITION OF WOLFPACK GOLD (NEVADA) CORP.:
	On August 15, 2014, we completed our acquisition of all of the issued and outstanding common shares of Wolfpack Gold (Nevada) Corp. (“Wolfpack Nevada”) in accordance with the terms of an Arrangement Agreement, dated May 6, 2014, by and between the Company and the parent company of Wolfpack Nevada, Wolfpack Gold Corp (“Wolfpack”).  The acquisition was approved by the stockholders of both Timberline and Wolfpack.   Wolfpack Nevada was a subsidiary company of Wolfpack, a publicly held Canadian corporation engaged in the exploration of precious metals properties in Nevada.  We acquired Wolfpack Nevada in order to further the exploration and development of mineral properties owned or leased by Wolfpack Nevada, as well as to increase our working capital.
	This transaction was accounted for as a business combination.  We acquired all of the shares of Wolfpack Nevada in consideration for the issuance of one share of common stock of Timberline for each 0.75 common shares of Wolfpack.  Pre-acquisition Timberline shareholders own approximately 64% of our issued and outstanding common stock as of the acquisition date and former Wolfpack shareholders own approximately 36%.
	The purchase price of the transaction was $5,151,847, consisting entirely of the issuance of 3,577,672 shares of our common stock.  Of the 3,577,672 shares of common stock issued, 706,407 shares of common stock were issued to Wolfpack in exchange for the cancellation of a $1,000,000 promissory note of Timberline held by Wolfpack, as well as $17,226 of accrued and unpaid interest on the promissory note (see Note 11).
	We incurred $256,223 in expenses specifically related to the acquisition, $236,866 of which is included in professional fees expense, $1,918 is included in mineral exploration expenses, and $17,439 is included in other general and administrative expenses in the consolidated statement of operations for the year ended September 30, 2014.
	The acquisition of Wolfpack Nevada closed at 9:00 a.m. pacific time on August 15, 2014.  The closing price of the Company’s common stock on the NYSE MKT on the day prior to this date was $1.44 per share (adjusted for the reverse stock split – See Note 13).
	The purchase price allocation of the acquisition is summarized as follows:
	Purchase price:
	Shares issued on acquisition		$	5,151,847
	Cancellation of promissory note and accrued interest			-1,017,226
			$	4,134,621
	Net assets acquired:
	Cash		$	3,554,143
	Restricted cash			348,616
	Property, mineral rights, and equipment, net			231,862
			$	4,134,621
	The Company’s consolidated statement of operations for the year ended September 30, 2014 includes expenses incurred by Wolfpack Nevada of $30 and no revenue since the acquisition date.
	The unaudited pro forma financial information below represents the combined results of our operations as if the Wolfpack Nevada acquisition had occurred at the beginning of the periods presented.  The unaudited pro forma financial information is presented for informational purposes only and is not indicative of the results of operations that would have occurred if the acquisition had taken place at the beginning of the periods presented, nor is it indicative of future operating results.
			Year ended
			September 30,
			2014		2013
	Loss from operations	$	-6,910,000	$	-7,400,000
	Net loss		-7,000,000		-7,780,000
	Net loss per share available to common stockholders,		$  (1.05)		$  (0.85)
	basic and diluted

Note_5_Property_Mineral_Rights

Note 5 - Property, Mineral Rights and Equipment	12 Months Ended
	Sep. 30, 2014
Notes
Note 5 - Property, Mineral Rights and Equipment:	NOTE 5 – PROPERTY, MINERAL RIGHTS AND EQUIPMENT:
	The following is a summary of property, mineral rights, and equipment and accumulated depreciation at September 30, 2014 and 2013:
		Expected		2014		2013
		Useful Lives
		(years)
	Mineral rights – Eureka	-	$	13,527,842	$	13,329,842
	Mineral rights – Other	-		829,362		626,000
	Equipment and vehicles	5-Feb		153,353		185,692
	Office equipment and furniture	7-Mar		70,150		70,150
	Land	-		51,477		51,477
	Total property, mineral rights, and equipment	-		14,632,184		14,263,161
	Less accumulated depreciation	-		-201,146		-225,377
	Property, mineral rights, and equipment, net	-	$	14,431,038	$	14,037,784
		Minimum	Maximum
		2	5
		3	7
	During the year ended September 30, 2014, it was determined that an impairment in the value of our White Rock property existed and the entire carrying value of $100,000 was written off during the year ended September 30, 2014.  No other impairments were recorded at September 30, 2014 and no impairments were recorded for the year ended September 30, 2013.
	Depreciation expense for the years ended September 30, 2014 and 2013 was $11,118 and $27,789, respectively.

Note_6_Investment_in_Joint_Ven

Note 6 - Investment in Joint Venture	12 Months Ended
	Sep. 30, 2014
Notes
Note 6 - Investment in Joint Venture:	NOTE 6 – INVESTMENT IN JOINT VENTURE:
	In July 2009, we entered into a joint venture operating agreement (the “Agreement”) with Highland Mining, LLC (“Highland”).   The joint venture entity, Butte Highlands JV, LLC (“BHJV”) was created for the purpose of developing and mining the Butte Highlands Gold Project.  As a result of our contribution of our 100% interest in the Butte Highlands Gold Project, carried on our balance sheet at cost, we hold a 50% interest in BHJV.  Under terms of the agreement, our interest in BHJV will be carried to production by Highland, which will fund all future project exploration and mine development costs.
	Under the Agreement, Highland contributed property and will fund all future mine development costs at Butte Highlands.  Both the Company’s and Highland’s share of development costs will be paid from proceeds of future mine production.  The Agreement stipulates that Highland shall appoint a manager of BHJV and that Highland will manage BHJV until such time as all mine development costs, less $2 million (the deemed value of our contribution of property to BHJV), are distributed to Highland out of the proceeds from future mine production.
	At September 30, 2014 and 2013, we have a receivable from BHJV for expenses incurred on behalf of BHJV in the amount of $11,576 and $53,586, respectively.

Note_7_Note_Receivable

Note 7 - Note Receivable	12 Months Ended
	Sep. 30, 2014
Notes
Note 7 - Note Receivable:	NOTE 7 – NOTE RECEIVABLE:
	We had a $1,350,000 note receivable as a portion of the consideration received from the sale of Timberline Drilling in November 2011.  The note receivable was unsecured and subordinated and bore interest at 10% per annum, payable monthly, with the principal to be repaid on or before May 9, 2013.  The note receivable was fully repaid on April 19, 2013.
	We recorded interest income on this note of $66,164 for the year ended September 30, 2013.

Note_8_Prepaid_Drilling_Servic

Note 8 - Prepaid Drilling Services	12 Months Ended
	Sep. 30, 2014
Notes
Note 8 - Prepaid Drilling Services:	NOTE 8 – PREPAID DRILLING SERVICES:
	During the year ended September 30, 2012, we obtained $1,100,000 in prepaid drilling services as a portion of the consideration received from the sale of Timberline Drilling.  The prepayment amount represents discounts on future drilling services or cash, if we do not use the prepaid drilling services, to be provided by Timberline Drilling to us between November 2011 and November 2016.  During the year ended September 30, 2014, we accepted $150,000 as settlement of the portion of the prepaid drilling services that was due to be paid to the Company in November 2014 ($220,000), resulting in a $70,000 loss on settlement of prepaid drilling services.
	The following table summarizes activity in our prepaid drilling services at September 30, 2014 and 2013:
		2014		2013
	Beginning balance	$	660,000	$	887,116
	Cash received in lieu of drilling services		-150,000		-227,116
	Loss on settlement of prepaid drilling services		-70,000		-
	Ending balance	$	440,000	$	660,000

Note_9_Related_Party_Transacti

Note 9 - Related Party Transactions	12 Months Ended
	Sep. 30, 2014
Notes
Note 9 - Related Party Transactions:	NOTE 9 – RELATED-PARTY TRANSACTIONS:
	Director fees
	The Company has accrued $91,000 and $123,292 in director fees as of the years ended September 30, 2014 and September 30, 2013, respectively.
	Daycon Minerals
	We own approximately 5% and 15% of the issued and outstanding stock of Daycon as of September 30, 2014 and 2013, respectively.  In addition, our President and CEO, Paul Dircksen, is a member of the board of directors of Daycon as of September 30, 2014.
	At September 30, 2013 we evaluated the fair value of our investment in Daycon and determined that this asset was impaired.  We determined that the fair value measurement of our investment in Daycon falls under Level 3 (no significant observable inputs) of the fair value hierarchy.  Given the adverse market conditions for mineral exploration companies and our doubt about Daycon’s ability to continue as a going concern, we concluded that the fair value of our investment in Daycon at September 30, 2013 was zero.  As a result we recognized a $450,000 impairment of long term investments in our consolidated statement of operations for the year ended September 30, 2013.

Note_10_Asset_Retirement_Oblig

Note 10 - Asset Retirement Obligation	12 Months Ended
	Sep. 30, 2014
Notes
Note 10 - Asset Retirement Obligation:	NOTE 10 – ASSET RETIREMENT OBLIGATION:
	We have established an asset retirement obligation (“ARO”) for our exploration program at the Lookout Mountain Project.  The ARO resulted from the reclamation and remediation requirements of the United States Bureau of Land Management as outlined in our permit to carry out the exploration program.  Estimated reclamation costs at the Lookout Mountain Project were discounted using a credit-adjusted, risk-free interest rate of 5% from the time we expect to pay the retirement obligation to the time we incurred the obligation, which is estimated at 10 years.
	The following table summarizes activity in our ARO liability for the years ended September 30, 2014 and 2013:
			2014		2013
	Beginning balance	$	125,823	$	119,831
	Accretion expense		6,292		5,992
	Ending balance	$	132,115	$	125,823

Note_11_Note_Payable

Note 11 - Note Payable	12 Months Ended
	Sep. 30, 2014
Notes
Note 11 - Note Payable:	NOTE 11 – NOTE PAYABLE:
	On March 14, 2014, we entered into a promissory note (the “Note”) and deed of trust, security agreement, assignment of leases and rents and fixture filing to secure promissory note (the “Deed of Trust”) with Wolfpack Gold Corp. (“Wolfpack”).  Timberline and Wolfpack entered into the Note and the Deed of Trust in connection with a proposed business combination (the “Proposed Transaction”) that was the subject of a letter of intent between the parties dated effective March 11, 2014 and was completed on August 15, 2014 (see Note 4).
	Pursuant to the Note, we agreed to repay Wolfpack the unpaid principal amount of advances made under the Note up to a maximum principal amount of $1,000,000, together with accrued interest thereon.  The amount drawn on the Note bore interest at 5% during the first six months of the loan and 10% thereafter until repaid.  Interest was payable in arrears on the date that the Note was prepaid, in proportion to the principal amount being prepaid, or on the date that the Note was due and payable. The Note became payable five business days after the Proposed Transaction closed.  The outstanding principal amount of $1,000,000, together with accrued interest of $17,226, was paid to Wolfpack with the issuance of 706,407 shares of our common stock on August 15, 2014.

Note_12_Income_Taxes

Note 12 - Income Taxes	12 Months Ended
	Sep. 30, 2014
Notes
Note 12 - Income Taxes:	NOTE 12 – INCOME TAXES:
	We have not recognized a provision for income taxes for the years ended September 30, 2014 and 2013.
	At September 30, 2014 and 2013, we had deferred tax assets arising principally from net operating loss carry forwards for income tax purposes.  As our management cannot determine that it is more likely than not that we will realize the benefit of the net deferred tax asset, a valuation allowance equal to 100% of the net deferred tax asset has been recorded at September 30, 2014 and 2013.
	The components of our deferred taxes at September 30, 2014 and 2013 are as follows:
			2014		2013
	Net deferred tax asset:
	Exploration costs	$	946,000	$	1,027,000
	Property, mineral rights, and equipment		2,818,000		35,000
	Long-term investments		180,000		180,000
	Foreign investment expenses		-312,000		-312,000
	Share-based compensation		2,106,000		2,106,000
	Alternative minimum tax credit carryforward		2,000		2,000
	Foreign income tax credit carryforwards		697,000		697,000
	Federal and state net operating losses		9,331,000		7,827,000
	Foreign net operating losses		1,691,000		1,691,000
	Total deferred tax asset		17,459,000		13,253,000
	Valuation allowance		-17,459,000		-13,253,000
	Deferred tax asset	$	0	$	0
	BH Minerals USA, Inc.
	Net deferred tax asset:
	Property, mineral rights, and equipment	$	-3,812,000	$	-3,814,000
	Exploration costs		2,693,000		2,954,000
	Federal and state net operating losses		3,694,000		3,251,000
	Total deferred tax asset		2,575,000		2,391,000
	Valuation allowance		-2,575,000		-2,391,000
	Deferred tax asset	$	0	$	0
	The federal income taxes of our wholly owned subsidiary, BH Minerals USA, Inc., are not consolidated with those of the rest of the Company since BH Minerals USA, Inc. is wholly owned by our Canadian subsidiary, Staccato Gold Resources Ltd.
	At September 30, 2014, net deferred tax assets prior to the valuation allowance was $17,459,000 compared to $13,253,000 at September 30, 2013.  The change is primarily due to the acquisition of Wolfpack Nevada.
	The annual tax benefit is different from the amount that would be provided by applying the statutory federal income tax rate to our pretax loss for the following reasons:
			2014		2013
			-2,731,541		-3,724,582
	Statutory Federal income tax rate		35%		34%
	Expected income tax benefit based on statutory rate	$	-956,000	$	-1,303,000
	Permanent differences		2,000		4,000
	Effect of state taxes		-128,000		119,000
	Effect of tax rate changes		-		574,000
	Non-recognition due to increase in valuation allowance		1,082,000		606,000
	Total income tax benefit	$	0	$	0
	We have no unrecognized tax benefits at September 30, 2014 or 2013.  It is not anticipated that there will be any significant changes to unrecognized tax benefits within the next twelve months.  If interest and penalties were to be assessed, we would charge interest to interest expense, and penalties to other operating expense.  Fiscal years 2011 through 2014 remain subject to examination by state and federal tax authorities.
	At September 30, 2014, we had federal net operating loss carryforwards of approximately $35,600,000 which will expire in fiscal years ending September 30, 2017 through September 30, 2034. Approximately $11,200,000 of state net operating loss carryforwards will expire in fiscal years ending September 30, 2015 through September 30, 2034.
	At September 30, 2014 we also have approximately $6,500,000 in net operating loss carryforwards in Canada which will expire in fiscal years ending September 30, 2024 through September 30, 2031.
	The Tax Reform Act of 1986 substantially changed the rules relative to the use of net operating loss and general business credit carryforwards in the event of an “ownership change” of a corporation.  Due to the change in ownership in 2004, we are restricted in the future use of net operating losses generated before the ownership change.  As of September 30, 2014, this limitation is applicable to accumulated federal net operating losses of approximately $2,040,000.
	As a result of the tax-free Wolfpack Nevada acquisition (See Note 4), the Company’s deferred tax asset increased by $3,308,000.  The asset is fully reserved.  This amount includes $1,800,000 of federal net operating loss carryover that is limited by Code Section 382.  As of September 30, 2014, the Company has not determined if any other losses are limited by IRS Code Section 382 after the acquisition.

Note_13_Common_Stock_Warrants_

Note 13 - Common Stock, Warrants and Preferred Stock	12 Months Ended
	Sep. 30, 2014
Notes
Note 13 - Common Stock, Warrants and Preferred Stock:	NOTE 13 – COMMON STOCK, WARRANTS AND PREFERRED STOCK:
	One-for-twelve Reverse Stock Split
	Subsequent to September 30, 2014, our board of directors and stockholders approved a one-for-twelve reverse stock split of the Company’s common stock. After the reverse stock split, effective October 31, 2014, each holder of record held one share of common stock for every 12 shares held immediately prior to the effective date. As a result of the reverse stock split, the number of shares underlying outstanding stock options and warrants and the related exercise prices were adjusted to reflect the change in the share price and outstanding shares on the date of the reverse stock split. The effect of fractional shares was not material.
	Following the effective date of the reverse stock split, the par value of the common stock remained at $0.001 per share. As a result, we have reduced the common stock in the consolidated balance sheets and statement of changes in stockholders’ equity included herein on a retroactive basis for all periods presented, with a corresponding increase to additional paid-in capital. All share and per-share amounts and related disclosures have been retroactively adjusted for all periods presented to reflect the one-for-twelve reverse stock split.
	Increase in Authorized Shares
	During the year ended September 30, 2014, our board of directors and stockholders approved an increase in the number of  authorized shares of common stock from 100,000,000 shares, par value $0.001, to 200,000,000 shares of common stock, par value $0.001.
	Public Offerings
	In December 2012, we closed an underwritten public offering of our common stock to investors in the United States.  We entered into an underwriting agreement to sell 479,166 shares of common stock at a price of $2.40 per share for gross proceeds of $1,150,000.  We incurred $261,585 in expenses with respect to the offering, resulting in net proceeds of $888,415.  In connection with the offering, we also issued 12,500 warrants to the underwriter of the public offering.  Each warrant is exercisable to acquire one share of common stock at an exercise price of $3.00 per share for a two year period commencing December 26, 2013.  The warrants are exercisable by the holders on a cashless basis, but no registration rights were granted for the shares of common stock underlying the warrants.
	In September 2013, we closed an underwritten public offering of our common stock to investors in the United States.  We entered into an underwriting agreement to sell 416,667 shares of common stock at a price of $2.40 per share for gross proceeds of $1,000,000.  We incurred $204,579 in expenses with respect to the offering, resulting in net proceeds of $795,421.  In connection with the offering, we also issued 12,500 warrants to the underwriter of the public offering.  Each warrant is exercisable to acquire one share of common stock at an exercise price of $3.00 per share for a two year period commencing September 10, 2014.  The warrants are exercisable by the holders on a cashless basis, but no registration rights were granted for the shares of common stock underlying the warrants.
	Stock Issued for Mineral Rights, Property and Equipment
	During the year ended September 30, 2014, pursuant to a vendor agreement related to the provision of metallurgical testing services, we issued 53,922 restricted common shares with a value of $110,000 based upon the closing price of our shares of common stock on the date of issuance as quoted on the NYSE MKT.
	During the year ended September 30, 2014, pursuant to an amended mineral property lease and option agreement for mineral claims, we issued 16,667 restricted common shares with a value of $40,000 based upon the closing price of our shares of common stock on the date of issuance as quoted on the NYSE MKT.
	During the year ended September 30, 2014, 83,334 shares of common stock were due to be issued as a portion of the consideration for an option to acquire a package of mineral claims in Nevada.  The common stock was issued subsequent to September 30, 2014.  The common stock issued was valued at the closing price of our common stock on the date prior to the due date for the issuance as quoted on the NYSE MKT, which was $0.96 per share, for a total value of $80,000, which is common stock payable on September 30, 2014.
	During the year ended September 30, 2013, 8,333 shares of common stock were issued, for a value of $21,500 based upon the closing price of our shares of common stock as quoted on the NYSE MKT, as consideration for an exclusive period of due diligence to evaluate the acquisition of a package of mineral claims in Nevada. Following the due diligence period, we acquired the package of mineral claims in Nevada in exchange for the issuance of an additional 75,000 shares of common stock valued at $306,000 based upon the closing price of our shares of common stock as quoted on the NYSE MKT.
	Stock Issued for Repayment of Note Payable
	On March 14, 2014, we entered into a promissory note (the “Note”) and deed of trust, security agreement, assignment of leases and rents and fixture filing to secure promissory note (the “Deed of Trust”) with Wolfpack Gold Corp. (“Wolfpack”).  (see Notes 4 and 11). The outstanding principal amount of $1,000,000, together with accrued interest of $17,226, was paid to Wolfpack with the issuance of 706,407 shares of our common stock on August 15, 2014.
	Warrants
	We issued 25,000 warrants during the year ended September 30, 2013 in connection with our Public Offerings.  12,500 of the warrants are exercisable on a cashless basis, at the holders’ option, for a two-year term commencing December 26, 2013.  The remaining 12,500 warrants are exercisable on a cashless basis, at the holders’ option, for a two-year term commencing September 10, 2014.  No warrants were issued during the year ended September 30, 2014, and no warrants were exercised or expired during the years ended September 30 2014 or 2013.
	Preferred Stock
	We are authorized to issue up to 10,000,000 shares of preferred stock, $.01 par value. Our Board of Directors is authorized to issue the preferred stock from time to time in series, and is further authorized to establish such series, to fix and determine the variations in the relative rights and preferences as between series, to fix voting rights, if any, for each series, and to allow for the conversion of preferred stock into common stock.

Note_14_Stock_Options

Note 14 - Stock Options	12 Months Ended
	Sep. 30, 2014
Notes
Note 14 - Stock Options:	NOTE 14 – STOCK OPTIONS:
	We have established the 2005 Equity Incentive Plan (as amended by shareholders of the Company on May 28, 2010) to authorize the granting of up to 833,333 stock options to employees, directors, and consultants. Upon exercise of options, shares are issued from the available authorized shares of the Company.  Option awards are granted with an exercise price equal to the fair value of our stock at the date of grant.  The fair value of each option award was estimated on the date of grant using the assumptions noted in the following table.  No option awards were granted during the year ended September 30, 2014, and no option awards vested under the plan during the period.  Therefore, no stock based compensation expense is included in the consolidated statements of operations for the year ended September 30, 2014.  For the year ended September 30, 2013, 8,334 options were granted and vested, and $10,000 in stock based compensation expense is included in the consolidated statements of operations for the year ended September 30, 2013.
			2013
	Expected volatility		71.30%
	Weighted-average volatility		71.30%
	Expected dividends		0
	Expected term (in years)		3
	Risk-free rate		0.38%
	Expected forfeiture rate		0%
	Total compensation cost of options vested under the plan, charged against operations, is included in the consolidated statements of operations as follows:
			Year ended September 30,
			2014		2013
	Other general and administrative expenses	$	-	$	10,000
	Total	$	-	$	10,000
	The following is a summary of our options issued under our stock incentive plan:
					Weighted
					Average
		Shares			Exercise Price
	Outstanding at September 30, 2012	540,958		$	11.16
	Granted	8,334			2.64
	Exercised	-			-
	Expired	-110,000			-25.08
	Outstanding at September 30, 2013	439,292		$	7.56
	Exercisable at September 30, 2013	439,292		$	7.56
	Weighted average fair value of options granted during the				1.2
	year ended September 30, 2013			$
	Outstanding at September 30, 2013	439,292		$	7.56
	Granted	-			-
	Exercised	-			-
	Expired	-235,959			-6.14
	Outstanding at September 30, 2014	203,334		$	9.09
	Exercisable at September 30, 2014	203,334		$	9.09
	Weighted average fair value of options granted during the
	year ended September 30, 2014			$	0
	Unrecognized compensation expense related to options at September 30, 2014			$	-
	Average remaining contractual term of options outstanding and exercisable at				1.67
	September 30, 2014 (years)
	The aggregate of options both outstanding and exercisable as of September 30, 2014 had no intrinsic value based on the closing price per share of our common stock of $0.96 on September 30, 2014.

Note_15_Commitments

Note 15 - Commitments	12 Months Ended
	Sep. 30, 2014
Notes
Note 15 - Commitments:	NOTE 15 – COMMITMENTS:
	Mineral Exploration
	A portion of our Lookout Mountain mineral claims are subject to a mining lease and agreement dated August 22, 2003 with Rocky Canyon Mining Company, as amended on June 1, 2008.  The lease term was extended to 20 years on June 1, 2008, and thereafter for as long as minerals are mined on the project.  Under this agreement we are obligated to make advance royalty payments of $72,000 per annum.
	During the year ended September 30, 2013, we announced that we had entered into a Lease and Option-to-Purchase Agreement (the "Knight Agreement") to evaluate, explore, and develop a package of mineral claims in Nevada comprised of six separate properties, including the Iron Butte Project.  Annual advance royalty payments of $25,000 commence under the Knight Agreement in March 2015.  In order to continue exploration of the properties subject to the Knight Agreement, we were required to issue 83,334 shares of our common stock in September 2014 (which were issued in October 2014 upon approval for listing by the NYSE MKT) and 125,000 shares of our common stock in March 2016.  We also hold an option to purchase the claims for $2,000,000, in addition to the share issuances described above, on or before March 2017.  The Knight Agreement does not require any annual work commitments, and provides us with a first right of refusal on certain other Nevada properties controlled by Mr. Knight and currently under lease to third parties.
	We pay federal and county claim maintenance fees on several of our mineral exploration properties.  The total of these fees was approximately $335,000 and $275,000 as of September 30, 2014 and 2013, respectively.  Should we continue to explore all of our mineral properties we expect annual fees to total approximately $400,000 per year in the future.
	Real Estate Lease Commitments
	We have real estate lease commitments related to our main office in Coeur d’Alene, Idaho, and a facility in Eureka, Nevada.
	Total office lease expenses for the years ended September 30, 2014 and 2013 are included in the consolidated statements of operations as follows:
			2014		2013
	Mineral exploration expenses	$	15,600	$	39,501
	Other general and administrative expenses		47,500		50,310
	Total	$	63,100	$	89,811
	Annual lease obligations until the termination of the leases are as follows:
	For the year ending September 30,
	2015	$57,600
	2016	54,100

Note_2_Summary_of_Significant_1

Note 2 - Summary of Significant Accounting Policies: a. Basis of Presentation (Policies)	12 Months Ended
	Sep. 30, 2014
Policies
a. Basis of Presentation	a.             Basis of Presentation – This summary of significant accounting policies is presented to assist in understanding the financial statements. The financial statements and notes are representations of our management, which is responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America and have been consistently applied in the preparation of the financial statements.

Note_2_Summary_of_Significant_2

Note 2 - Summary of Significant Accounting Policies: b. Principles of Consolidation (Policies)	12 Months Ended
	Sep. 30, 2014
Policies
b. Principles of Consolidation	b.             Principles of Consolidation – The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries, Staccato Gold Resources, Ltd., BH Minerals USA, Inc. and Wolfpack Gold (Nevada), after elimination of intercompany accounts and transactions.

Note_2_Summary_of_Significant_3

Note 2 - Summary of Significant Accounting Policies: c. Exploration Expenditures (Policies)	12 Months Ended
	Sep. 30, 2014
Policies
c. Exploration Expenditures	c.             Exploration Expenditures – All exploration expenditures are expensed as incurred. Significant property acquisition payments for active exploration properties are capitalized.  If no mineable ore body is discovered, previously capitalized costs are expensed in the period the property is abandoned.

Note_2_Summary_of_Significant_4

Note 2 - Summary of Significant Accounting Policies: d. Fair Value of Financial Instruments (Policies)	12 Months Ended
	Sep. 30, 2014
Policies
d. Fair Value of Financial Instruments	d.             Fair Value of Financial Instruments – Our financial instruments include cash and restricted cash. The carrying value of restricted cash approximates fair value based on the contractual terms of those instruments.

Note_2_Summary_of_Significant_5

Note 2 - Summary of Significant Accounting Policies: e. Cash Equivalents (Policies)	12 Months Ended
	Sep. 30, 2014
Policies
e. Cash Equivalents	e.             Cash Equivalents – For the purposes of the statement of cash flows, we consider all highly liquid investments with original maturities of three months or less when purchased to be cash equivalents.  Balances are insured by the Federal Deposit Insurance Corporation up to $250,000 for accounts at each financial institution.

Note_2_Summary_of_Significant_6

Note 2 - Summary of Significant Accounting Policies: f. Restricted Cash (Policies)	12 Months Ended
	Sep. 30, 2014
Policies
f. Restricted Cash	f.             Restricted Cash – Restricted cash represents funds restricted as collateral for bonds held for exploration permits.

Note_2_Summary_of_Significant_7

Note 2 - Summary of Significant Accounting Policies: g. Estimates and Assumptions (Policies)	12 Months Ended
	Sep. 30, 2014
Policies
g. Estimates and Assumptions	g.             Estimates and Assumptions – The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America requires the use of estimates and assumptions that affect the reported amounts of assets and liabilities at the dates of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Significant areas requiring the use of management assumptions and estimates relate to asset impairments and asset retirement obligations.  Actual results could differ from these estimates and assumptions and could have a material effect on our reported financial position and results of operations.

Note_2_Summary_of_Significant_8

Note 2 - Summary of Significant Accounting Policies: h. Investments (Policies)	12 Months Ended
	Sep. 30, 2014
Policies
h. Investments	h.             Investments – Available-for-sale securities are initially recorded at cost and then carried at fair value, with unrealized gains or losses recorded as a component of equity, unless a decline in value of the security is considered other than temporary. Realized gains and losses and other than temporary impairments are recorded in the statement of operations.  Investments in private entities which do not have a readily determinable fair value, and in which we do not have significant influence, are carried at the lower of cost or fair value.  We also have a 50% interest in a joint venture at our Butte Highlands Gold Project (see Note 6).  Given that our 50% interest in the joint venture is carried to production; we do not have management control over operating decisions of the joint venture until our joint venture partner’s investment in the project, less $2 million, is recovered by the joint venture partner out of future production; and we have no risk of loss from expenses incurred by the joint venture until production, our investment in the joint venture is accounted for on a cost basis.

Note_2_Summary_of_Significant_9

Note 2 - Summary of Significant Accounting Policies: i. Property and Equipment (Policies)	12 Months Ended
	Sep. 30, 2014
Policies
i. Property and Equipment	i.              Property and Equipment – Property and equipment are stated at cost. Depreciation of property and equipment is calculated using the straight-line method over the estimated useful lives of the assets, which ranges from two to seven years.  Maintenance and repairs are charged to operations as incurred. Significant improvements are capitalized and depreciated over the useful life of the assets. Gains or losses on disposition or retirement of property and equipment are recognized in operating expenses.

Recovered_Sheet1

Note 2 - Summary of Significant Accounting Policies: j. Review of Carrying Value of Property, Mineral Rights and Equipment for Impairment (Policies)	12 Months Ended
	Sep. 30, 2014
Policies
j. Review of Carrying Value of Property, Mineral Rights and Equipment for Impairment	j.              Review of Carrying Value of Property, Mineral Rights and Equipment for Impairment – We review the carrying value of property, mineral rights, and equipment for impairment whenever events and circumstances indicate that the carrying value of an asset may not be recoverable from the estimated future cash flows expected to result from its use and eventual disposition. In cases where undiscounted expected future cash flows are less than the carrying value, an impairment loss is recognized equal to an amount by which the carrying value exceeds the fair value of assets. The factors considered by management in performing this assessment include current operating results, trends and prospects, the manner in which the property is used, the effects of obsolescence, demand, competition, and other economic factors. Based on this assessment, it was determined that an impairment in the value of our White Rock property existed and the entire carrying value of $100,000 was written off as impairment of mineral properties during the year ended September 30, 2014.  No other impairments were recorded at September 30, 2014 and no impairments were recorded for the year ended September 30, 2013.

Recovered_Sheet2

Note 2 - Summary of Significant Accounting Policies: k. Asset Retirement Obligations (Policies)	12 Months Ended
	Sep. 30, 2014
Policies
k. Asset Retirement Obligations	k.             Asset Retirement Obligations – The Company accounts for asset retirement obligations by following the uniform methodology for accounting for estimated reclamation and abandonment costs as prescribed by authoritative accounting guidance.  This guidance provides that the fair value of a liability for an asset retirement obligation (“ARO”) will be recognized in the period in which it is incurred if a reasonable estimate of fair value can be made. The ARO is capitalized as part of the carrying value of the assets to which it is associated, and depreciated over the useful life of the asset. Adjustments are made to the liability for changes resulting from passage of time and changes to either the timing or amount of the original present value estimate underlying the obligation. We have an asset retirement obligation associated with our exploration program at the Lookout Mountain exploration project (see Note 10).

Recovered_Sheet3

Note 2 - Summary of Significant Accounting Policies: l. Provision for Income Taxes (Policies)	12 Months Ended
	Sep. 30, 2014
Policies
l. Provision for Income Taxes	l.              Provision for Income Taxes – Income taxes are provided based upon the liability method of accounting.  Under this approach, deferred income taxes are recorded to reflect the tax consequences in future years of differences between the tax basis of assets and liabilities and their financial reporting amounts at each year-end.   A valuation allowance is recorded against the deferred tax asset if management believes it is more likely than not that some portion or all of the deferred tax assets will not be realized (see Note 12).

Recovered_Sheet4

Note 2 - Summary of Significant Accounting Policies: m. Translation of Foreign Currencies (Policies)	12 Months Ended
	Sep. 30, 2014
Policies
m. Translation of Foreign Currencies	m.           Translation of Foreign Currencies – All amounts in the financial statements are presented in US dollars, and the US dollar is our functional currency. We have a Canadian subsidiary, but this subsidiary has no operations, assets, or liabilities in Canada for the years ended September 30, 2014 and 2013, respectively.  Foreign translation and transaction losses relating to expenses incurred in Canada by Timberline, of $2,557 and $2,619 for the years ended September 30, 2014 and 2013, respectively, have been included in the current period net loss as a component of other expense.

Recovered_Sheet5

Note 2 - Summary of Significant Accounting Policies: n. Stock-based Compensation (Policies)	12 Months Ended
	Sep. 30, 2014
Policies
n. Stock-based Compensation	n.             Stock-based Compensation – We estimate the fair value of our stock-based compensation using the Black-Scholes model, which requires the input of some subjective assumptions. These assumptions include estimating the length of time employees will retain their vested stock options before exercising them (“expected life”), the estimated volatility of our common stock price over the expected term (“volatility”), employee forfeiture rate, the risk-free interest rate and the dividend yield. Changes in the subjective assumptions can materially affect the estimate of fair value of stock-based compensation.  The value of common stock awards is determined based upon the closing price of our stock on the date of the award.

p_New_Accounting_Pronouncement

p. New Accounting Pronouncements (Policies)	12 Months Ended
	Sep. 30, 2014
Policies
p. New Accounting Pronouncements	p.             New Accounting Pronouncements – In July 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. This standard provides guidance on the presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists.  The new requirements are effective for public entities in fiscal years (including interim periods) beginning after December 15, 2013. Adoption of this guidance is not expected to have a material effect on our consolidated financial statements.
	In June 2014, the FASB issued Accounting Standards Update No. 2014-10 (“the ASU”). This update changes the requirements for disclosures as it relates to exploration stage entities.  The ASU specifies that the inception-to-date information is no longer required to be presented in the financial statements of an exploration stage entity.  The amendments in the ASU are effective for annual reporting periods beginning after December 15, 2014 and interim periods therein, with early application permitted for any financial statements that have not yet been issued.  The Company has elected to apply the amendments to its September 30, 2014 financial statements.

o_Net_Loss_Per_share_Schedule_

o. Net Loss Per share: Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Tables)	12 Months Ended
	Sep. 30, 2014
Tables/Schedules
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
		2014	2013
	Stock options	203,334	439,292
	Warrants	25,000	25,000
	Total potential dilution	228,334	464,292

Note_3_Fair_Value_of_Financial1

Note 3 - Fair Value of Financial Instruments: Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Tables)	12 Months Ended
	Sep. 30, 2014
Tables/Schedules
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
			2014	2013		Input Hierarchy Level
	Assets:
	Cash	$	2,825,320	$	824,919		Level 1
	Restricted cash		971,854		639,422		Level 1

Note_4_Acquisition_of_Wolfpack1

Note 4 - Acquisition of Wolfpack Gold (Nevada) Corp.: Schedule of Business Acquisitions, by Acquisition (Tables)	12 Months Ended
	Sep. 30, 2014
Tables/Schedules
Schedule of Business Acquisitions, by Acquisition
	Purchase price:
	Shares issued on acquisition	$	5,151,847
	Cancellation of promissory note and accrued interest		-1,017,226
		$	4,134,621
	Net assets acquired:
	Cash	$	3,554,143
	Restricted cash		348,616
	Property, mineral rights, and equipment, net		231,862
		$	4,134,621

Note_4_Acquisition_of_Wolfpack2

Note 4 - Acquisition of Wolfpack Gold (Nevada) Corp.: Business Acquisition, Pro Forma Information (Tables)	12 Months Ended
	Sep. 30, 2014
Tables/Schedules
Business Acquisition, Pro Forma Information
			Year ended
			September 30,
			2014		2013
	Loss from operations	$	-6,910,000	$	-7,400,000
	Net loss		-7,000,000		-7,780,000
	Net loss per share available to common stockholders,		$  (1.05)		$  (0.85)
	basic and diluted

Note_5_Property_Mineral_Rights1

Note 5 - Property, Mineral Rights and Equipment: Property, Plant and Equipment (Tables)	12 Months Ended
	Sep. 30, 2014
Tables/Schedules
Property, Plant and Equipment
		Expected		2014		2013
		Useful Lives
		(years)
	Mineral rights – Eureka	-	$	13,527,842	$	13,329,842
	Mineral rights – Other	-		829,362		626,000
	Equipment and vehicles	5-Feb		153,353		185,692
	Office equipment and furniture	7-Mar		70,150		70,150
	Land	-		51,477		51,477
	Total property, mineral rights, and equipment	-		14,632,184		14,263,161
	Less accumulated depreciation	-		-201,146		-225,377
	Property, mineral rights, and equipment, net	-	$	14,431,038	$	14,037,784

Note_8_Prepaid_Drilling_Servic1

Note 8 - Prepaid Drilling Services: Schedule of Other Assets (Tables)	12 Months Ended
	Sep. 30, 2014
Tables/Schedules
Schedule of Other Assets
		2014		2013
	Beginning balance	$	660,000	$	887,116
	Cash received in lieu of drilling services		-150,000		-227,116
	Loss on settlement of prepaid drilling services		-70,000		-
	Ending balance	$	440,000	$	660,000

Note_10_Asset_Retirement_Oblig1

Note 10 - Asset Retirement Obligation: Schedule of Change in Asset Retirement Obligation (Tables)	12 Months Ended
	Sep. 30, 2014
Tables/Schedules
Schedule of Change in Asset Retirement Obligation
			2014		2013
	Beginning balance	$	125,823	$	119,831
	Accretion expense		6,292		5,992
	Ending balance	$	132,115	$	125,823

Note_12_Income_Taxes_Schedule_

Note 12 - Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Tables)	12 Months Ended
	Sep. 30, 2014
Tables/Schedules
Schedule of Deferred Tax Assets and Liabilities
			2014		2013
	Net deferred tax asset:
	Exploration costs	$	946,000	$	1,027,000
	Property, mineral rights, and equipment		2,818,000		35,000
	Long-term investments		180,000		180,000
	Foreign investment expenses		-312,000		-312,000
	Share-based compensation		2,106,000		2,106,000
	Alternative minimum tax credit carryforward		2,000		2,000
	Foreign income tax credit carryforwards		697,000		697,000
	Federal and state net operating losses		9,331,000		7,827,000
	Foreign net operating losses		1,691,000		1,691,000
	Total deferred tax asset		17,459,000		13,253,000
	Valuation allowance		-17,459,000		-13,253,000
	Deferred tax asset	$	0	$	0
	BH Minerals USA, Inc.
	Net deferred tax asset:
	Property, mineral rights, and equipment	$	-3,812,000	$	-3,814,000
	Exploration costs		2,693,000		2,954,000
	Federal and state net operating losses		3,694,000		3,251,000
	Total deferred tax asset		2,575,000		2,391,000
	Valuation allowance		-2,575,000		-2,391,000
	Deferred tax asset	$	0	$	0

Note_12_Income_Taxes_Schedule_1

Note 12 - Income Taxes: Schedule of Effective Income Tax Rate Reconciliation (Tables)	12 Months Ended
	Sep. 30, 2014
Tables/Schedules
Schedule of Effective Income Tax Rate Reconciliation
			2014		2013
			-2,731,541		-3,724,582
	Statutory Federal income tax rate		35%		34%
	Expected income tax benefit based on statutory rate	$	-956,000	$	-1,303,000
	Permanent differences		2,000		4,000
	Effect of state taxes		-128,000		119,000
	Effect of tax rate changes		-		574,000
	Non-recognition due to increase in valuation allowance		1,082,000		606,000
	Total income tax benefit	$	0	$	0

Note_14_Stock_Options_Schedule

Note 14 - Stock Options: Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions (Tables)	12 Months Ended
	Sep. 30, 2014
Tables/Schedules
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
		2013
	Expected volatility	71.30%
	Weighted-average volatility	71.30%
	Expected dividends	0
	Expected term (in years)	3
	Risk-free rate	0.38%
	Expected forfeiture rate	0%

Note_14_Stock_Options_Schedule1

Note 14 - Stock Options: Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs (Tables)	12 Months Ended
	Sep. 30, 2014
Tables/Schedules
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs
			Year ended September 30,
			2014		2013
	Other general and administrative expenses	$	-	$	10,000
	Total	$	-	$	10,000

Note_14_Stock_Options_Schedule2

Note 14 - Stock Options: Schedule of Share-based Compensation, Stock Options, Activity (Tables)	12 Months Ended
	Sep. 30, 2014
Tables/Schedules
Schedule of Share-based Compensation, Stock Options, Activity
				Weighted
				Average
		Shares		Exercise Price
	Outstanding at September 30, 2012	540,958	$	11.16
	Granted	8,334		2.64
	Exercised	-		-
	Expired	-110,000		-25.08
	Outstanding at September 30, 2013	439,292	$	7.56
	Exercisable at September 30, 2013	439,292	$	7.56
	Weighted average fair value of options granted during the			1.2
	year ended September 30, 2013		$
	Outstanding at September 30, 2013	439,292	$	7.56
	Granted	-		-
	Exercised	-		-
	Expired	-235,959		-6.14
	Outstanding at September 30, 2014	203,334	$	9.09
	Exercisable at September 30, 2014	203,334	$	9.09
	Weighted average fair value of options granted during the
	year ended September 30, 2014		$	0
	Unrecognized compensation expense related to options at September 30, 2014		$	-
	Average remaining contractual term of options outstanding and exercisable at			1.67
	September 30, 2014 (years)

Note_15_Commitments_Schedule_o

Note 15 - Commitments: Schedule of Rent Expense (Tables)	12 Months Ended
	Sep. 30, 2014
Tables/Schedules
Schedule of Rent Expense
			2014		2013
	Mineral exploration expenses	$	15,600	$	39,501
	Other general and administrative expenses		47,500		50,310
	Total	$	63,100	$	89,811

Note_15_Commitments_Schedule_o1

Note 15 - Commitments: Schedule of Future Minimum Rental Payments for Operating Leases (Tables)	12 Months Ended
	Sep. 30, 2014
Tables/Schedules
Schedule of Future Minimum Rental Payments for Operating Leases
	For the year ending September 30,
	2015	$57,600
	2016	54,100

Recovered_Sheet6

Note 2 - Summary of Significant Accounting Policies: j. Review of Carrying Value of Property, Mineral Rights and Equipment for Impairment (Details) (USD $)	12 Months Ended
	Sep. 30, 2014
Details
Impairment of Long-Lived Assets Held-for-use	$100,000

Recovered_Sheet7

Note 2 - Summary of Significant Accounting Policies: m. Translation of Foreign Currencies (Details) (USD $)	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Details
Foreign Currency Transaction Gain (Loss), Realized	$2,557	$2,619

o_Net_Loss_Per_share_Schedule_1

o. Net Loss Per share: Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details)	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Details
Stock options	203,334	439,292
Warrants	25,000	25,000
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	228,334	464,292

Note_3_Fair_Value_of_Financial2

Note 3 - Fair Value of Financial Instruments: Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Details) (USD $)	Sep. 30, 2014	Sep. 30, 2013
Details
Cash and Cash Equivalents, Fair Value Disclosure	$2,825,320	$824,919
Restricted Cash and Cash Equivalents, Current	$971,854	$639,422

Note_4_Acquisition_of_Wolfpack3

Note 4 - Acquisition of Wolfpack Gold (Nevada) Corp. (Details) (USD $)	12 Months Ended
	Sep. 30, 2014
Details
Business Combination, Consideration Transferred, Other	$5,151,847
Stock Issued During Period, Shares, Acquisitions	3,577,672
Common stock issued in exchange for cancellation of note payable to Wolfpack pursuant to acquisition, stock	706,407
Notes Payable	1,000,000
Interest Paid	17,226
Business Combination, Acquisition Related Costs	256,223
Professional fees, business combination detail	236,866
Mineral Exploration Expense, business combination detail	1,918
General and Administrative Expense, business combination detail	$17,439
Business Acquisition, Share Price	$1.44

Note_4_Acquisition_of_Wolfpack4

Note 4 - Acquisition of Wolfpack Gold (Nevada) Corp.: Schedule of Business Acquisitions, by Acquisition (Details) (USD $)	12 Months Ended
	Sep. 30, 2014		Sep. 30, 2013
Details
Business Combination, Consideration Transferred, Other	$5,151,847
Debt cancelled, business combination detail	-1,017,226
Common stock issued in connection with acquisition of Wolfpack Nevada	4,134,621	[1]		[1]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	3,554,143
Business combination recognized identifiable assets acquired and liabilities assumed, restricted cash	348,616
Business combination recognized identifiable assets acquired and liabilities assumed, property, mineral rights and equipment, net	231,862
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets	$4,134,621
[1]	Note 4

Note_4_Acquisition_of_Wolfpack5

Note 4 - Acquisition of Wolfpack Gold (Nevada) Corp.: Business Acquisition, Pro Forma Information (Details) (USD $)	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Details
Business Acquisitions Pro Forma Income (Loss) from operations	($6,910,000)	($7,400,000)
Business Acquisition, Pro Forma Net Income (Loss)	($7,000,000)	($7,780,000)
Business Acquisition, Pro Forma Earnings Per Share, Basic	($1.05)	($0.85)

Note_5_Property_Mineral_Rights2

Note 5 - Property, Mineral Rights and Equipment: Property, Plant and Equipment (Details) (USD $)	Sep. 30, 2014	Sep. 30, 2013
Details
Mineral rights Eureka	$13,527,842	$13,329,842
Mineral rights	829,362	626,000
Equipment and vehicles	153,353	185,692
Office equipment and furniture	70,150	70,150
Land	51,477	51,477
Property, Plant and Equipment, Gross	14,632,184	14,263,161
Accumulated depreciation	-201,146	-225,377
PROPERTY, MINERAL RIGHTS, AND EQUIPMENT	$14,431,038	$14,037,784

Note_5_Property_Mineral_Rights3

Note 5 - Property, Mineral Rights and Equipment (Details) (USD $)	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Impairment of Long-Lived Assets Held-for-use	$100,000
Depreciation	$11,118	$27,789
Minimum
Equipment and vehicles, expected useful lives in years	2
Office equipment and furniture, expected useful lives in years	3
Maximum
Equipment and vehicles, expected useful lives in years	5
Office equipment and furniture, expected useful lives in years	7

Note_6_Investment_in_Joint_Ven1

Note 6 - Investment in Joint Venture (Details) (USD $)	Sep. 30, 2014	Sep. 30, 2013
Details
Due from Affiliate, Current	$11,576	$53,586

Note_7_Note_Receivable_Details

Note 7 - Note Receivable (Details) (USD $)	12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Details
Note receivable acquired		$1,350,000
Interest Income, Other	$66,164

Note_8_Prepaid_Drilling_Servic2

Note 8 - Prepaid Drilling Services (Details) (USD $)	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Details
Prepaid drilling services acquired			$1,100,000
Cash received in lieu of drilling services	150,000	227,116
Other Nonoperating Gains (Losses)	$70,000

Note_8_Prepaid_Drilling_Servic3

Note 8 - Prepaid Drilling Services: Schedule of Other Assets (Details) (USD $)	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Details
Beginning balance, Prepaid drilling services	660,000	887,116
Cash received in lieu of drilling services	($150,000)	($227,116)
Other Nonoperating Gains (Losses)	-70,000
Prepaid drilling services	$440,000	$660,000

Note_9_Related_Party_Transacti1

Note 9 - Related Party Transactions (Details) (USD $)	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Details
Noninterest Expense Directors Fees	$91,000	$123,292
Impairment of Long-Lived Assets to be Disposed of	$450,000

Note_10_Asset_Retirement_Oblig2

Note 10 - Asset Retirement Obligation: Schedule of Change in Asset Retirement Obligation (Details) (USD $)	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Details
Beginning balance	$125,823	$119,831
Accretion expense	6,292	5,992
Ending balance	$132,115	$125,823

Note_11_Note_Payable_Details

Note 11 - Note Payable (Details) (USD $)	12 Months Ended
	Sep. 30, 2014
Details
Notes Payable	$1,000,000
Interest Paid	$17,226
Common stock issued in exchange for cancellation of note payable to Wolfpack pursuant to acquisition, stock	706,407

Note_12_Income_Taxes_Schedule_2

Note 12 - Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Details) (USD $)	Sep. 30, 2014	Sep. 30, 2013
Details
Deferred Tax Assets Exploration Costs	$946,000	$1,027,000
Deferred Tax Assets, Property, Plant and Equipment	2,818,000	35,000
Deferred Tax Assets, Investments	180,000	180,000
Deferred Tax Assets, Tax Deferred Expense, Other	-312,000	-312,000
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost	2,106,000	2,106,000
Deferred Tax Assets, Tax Credit Carryforwards, Alternative Minimum Tax	2,000	2,000
Deferred Tax Assets, Tax Credit Carryforwards, Foreign	697,000	697,000
Deferred Tax Assets, Operating Loss Carryforwards, Domestic	9,331,000	7,827,000
Deferred Tax Assets, Operating Loss Carryforwards, Foreign	1,691,000	1,691,000
Deferred Tax Assets, Gross	17,459,000	13,253,000
Deferred Tax Assets, Valuation Allowance	-17,459,000	-13,253,000
Deferred Tax Assets, Net of Valuation Allowance, Total	0	0
Deferred Tax Assets Property Plant Ad Equipment, Subsidiary	-3,812,000	-3,814,000
Deferred Tax Assets Exploration Costs, Subsidiary	2,693,000	2,954,000
Deferred Tax Assets Operating Loss Carryforward Domestic, Subsidiary	3,694,000	3,251,000
Deferred Tax Assets, Gross, Subsidiary	2,575,000	2,391,000
Deferred Tax Assets Valuation Allowance, Subsidiary	-2,575,000	-2,391,000
Deferred Tax Assets, Net, Subsidiary	$0	$0

Note_12_Income_Taxes_Details

Note 12 - Income Taxes (Details) (USD $)	Sep. 30, 2014	Sep. 30, 2013
Details
Deferred Tax Assets, Valuation Allowance	$17,459,000	$13,253,000
Deferred Tax Assets, Operating Loss Carryforwards	35,600,000
Deferred Tax Assets, Operating Loss Carryforwards, State and Local	11,200,000
Deferred Tax Assets, Other Tax Carryforwards	6,500,000
Deferred tax assets operating loss carryforward, restriction due to ownership change	2,040,000
Deferred tax assets operating loss carryforward, increase due to business combination	3,308,000
Deferred tax assets operating loss carryforward, limited by Section 382	$1,800,000

Note_12_Income_Taxes_Schedule_3

Note 12 - Income Taxes: Schedule of Effective Income Tax Rate Reconciliation (Details) (USD $)	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Details
Total net income (loss) before taxes	($2,731,541)	($3,724,582)
Statutory Federal income tax rate	35.00%	34.00%
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount	-956,000	-1,303,000
Effective Income Tax Rate Reconciliation, Other Reconciling Items, Amount	2,000	4,000
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Amount	-128,000	119,000
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Amount		574,000
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount	1,082,000	606,000
INCOME TAX EXPENSE	$0	$0

Note_13_Common_Stock_Warrants_1

Note 13 - Common Stock, Warrants and Preferred Stock (Details) (USD $)	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2012
Details
Stockholders' Equity, Reverse Stock Split	One-for-twelve Reverse Stock Split Subsequent to September 30, 2014, our board of directors and stockholders approved a one-for-twelve reverse stock split of the Company’s common stock. After the reverse stock split, effective October 31, 2014, each holder of record held one share of common stock for every 12 shares held immediately prior to the effective date. As a result of the reverse stock split, the number of shares underlying outstanding stock options and warrants and the related exercise prices were adjusted to reflect the change in the share price and outstanding shares on the date of the reverse stock split. The effect of fractional shares was not material. Following the effective date of the reverse stock split, the par value of the common stock remained at $0.001 per share. As a result, we have reduced the common stock in the consolidated balance sheets and statement of changes in stockholders’ equity included herein on a retroactive basis for all periods presented, with a corresponding increase to additional paid-in capital. All share and per-share amounts and related disclosures have been retroactively adjusted for all periods presented to reflect the one-for-twelve reverse stock split.
Common Stock, Shares Authorized	200,000,000	100,000,000
Common Stock, Par Value	$0.00	$0.00
Common Stock Public Offering		416,667	479,166
Common Stock Public Offering, per share price		$2.40	$2.40
Common Stock Public Offering, gross proceeds		$1,000,000	$1,150,000
Common Stock Public Offering, expenses		204,579	261,585
Common Stock Public Offering, net proceeds		795,421	888,415
Common Stock Public Offering, warrants issued		12,500	12,500
Common Stock Public Offering, warrants exercise price per share		$3	$3
Common stock issued, vendor	53,922
Common stock issued value, vendor	110,000
Common stock issued, mineral claims	16,667	8,333
Common stock issued value, mineral claims	40,000	21,500
Common stock issued, mineral claims	83,334	75,000
Common stock issued value, mineral claims	80,000	306,000
Notes Payable	1,000,000
Interest Paid	17,226
Common stock issued in exchange for cancellation of note payable to Wolfpack pursuant to acquisition, stock	706,407
Warrants and Rights Outstanding		$25,000
Common Stock Public Offering, warrants issued		12,500	12,500
Preferred Stock, Shares Authorized	10,000,000	10,000,000
Preferred Stock, Par Value	$0.01	$0.01

Note_14_Stock_Options_Schedule3

Note 14 - Stock Options: Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions (Details) (USD $)	12 Months Ended
	Sep. 30, 2013
Details
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Maximum	71.30%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Weighted Average Volatility Rate	71.30%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Payments	$0
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	3 years
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Maximum	0.38%
Sharebased Compensation Arrangement By Sharebased Payment Award FairValue Assumptions Expected Forfeiture Rate	0.00%

Note_14_Stock_Options_Schedule4

Note 14 - Stock Options: Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs (Details) (USD $)	12 Months Ended
	Sep. 30, 2013
Details
Other general and administrative expenses	$10,000
Total	$10,000

Note_14_Stock_Options_Schedule5

Note 14 - Stock Options: Schedule of Share-based Compensation, Stock Options, Activity (Details) (USD $)	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Details
Outstanding	203,334	439,292	540,958
Weighted Average Exercise Price, Outstanding			$11.16
Granted		8,334
Weighted Average Exercise Price, Granted		$2.64
Expired	-235,959	-110,000
Weighted Average Exercise Price, Expired	($6.14)	($25.08)
Outstanding	203,334	439,292	540,958
Weighted Average Exercise Price, Exercisable	$9.09	$7.56
Exercisable	203,334	439,292
Weighted average fair value of options granted	$0	$1.20
Outstanding	203,334	439,292	540,958
Weighted Average Exercise Price, Exercisable	$9.09	$7.56
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	1 year 8 months 1 day

Note_14_Stock_Options_Details

Note 14 - Stock Options (Details) (USD $)	12 Months Ended
	Sep. 30, 2014
Details
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value	$0
Closing price per share	$0.96

Note_15_Commitments_Details

Note 15 - Commitments (Details) (USD $)	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Details
Other Commitments, Description		A portion of our Lookout Mountain mineral claims are subject to a mining lease and agreement dated August 22, 2003 with Rocky Canyon Mining Company, as amended on June 1, 2008. The lease term was extended to 20 years on June 1, 2008, and thereafter for as long as minerals are mined on the project. Under this agreement we are obligated to make advance royalty payments of $72,000 per annum. During the year ended September 30, 2013, we announced that we had entered into a Lease and Option-to-Purchase Agreement (the 'Knight Agreement') to evaluate, explore, and develop a package of mineral claims in Nevada comprised of six separate properties, including the Iron Butte Project. Annual advance royalty payments of $25,000 commence under the Knight Agreement in March 2015. In order to continue exploration of the properties subject to the Knight Agreement, we were required to issue 83,334 shares of our common stock in September 2014 (which were issued in October 2014 upon approval for listing by the NYSE MKT) and 125,000 shares of our common stock in March 2016. We also hold an option to purchase the claims for $2,000,000, in addition to the share issuances described above, on or before March 2017. The Knight Agreement does not require any annual work commitments, and provides us with a first right of refusal on certain other Nevada properties controlled by Mr. Knight and currently under lease to third parties.
Maintenance fees, mineral exploration properties		$335,000	$275,000
Expected annual fees, mineral exploration properties	$400,000

Note_15_Commitments_Schedule_o2

Note 15 - Commitments: Schedule of Rent Expense (Details) (USD $)	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Details
Results of Operations Exploration Expense Mining	$15,600	$39,501
Other General and Administrative Expense	47,500	50,310
Operating Leases, Rent Expense	$63,100	$89,811

Note_15_Commitments_Schedule_o3

Note 15 - Commitments: Schedule of Future Minimum Rental Payments for Operating Leases (Details) (USD $)	Sep. 30, 2016	Sep. 30, 2015
Details
Operating Leases, Future Minimum Payments Due	$54,100	$57,600