Goldrich Mining (GRMC) 10-K15 Apr 152014 FY Annual reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
Document and Entity Information (USD $)	Dec. 31, 2014	Apr. 10, 2015	Jun. 30, 2014
Entity Registrant Name	Goldrich Mining Company
Document Type	10-K
Document Period End Date	31-Dec-14
Amendment Flag	FALSE
Entity Central Index Key	59860
Current Fiscal Year End Date	-19
Entity Common Stock, Shares Outstanding		131,082,809
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			$6,653,003

Goldrich_Mining_CompanyConsoli

Goldrich Mining CompanyConsolidated Balance Sheets (USD $)	Dec. 31, 2014		Dec. 31, 2013
Current assets:
Cash and cash equivalents	$206,025		$16,993
Gold Inventory	71,021		2,365
Prepaid expenses	70,136		58,780
Deferred financing costs	28,161		23,632
Other current assets	56,731		50,454
Total current assets	432,074		152,224
Property, plant, equipment, and mining claims:
Equipment, net of accumulated depreciation	117,311		273,550
Mining properties and claims	582,166		582,166
Total property, plant, equipment and mining claims	699,477		855,716
Investment in joint venture	55,300		55,300
Total assets	1,186,851		1,063,240
Current liabilities:
Accounts payable and accrued liabilities	272,947		603,178
Related party deferred compensation			115,000
Related party payable	73,659		28,894
Remediation	878,000
Notes payable in gold, net	576,696		701,729
Dividend payable on preferred stock	22,083		22,083
Total current liabilities	1,823,385		1,470,884
Long-term liabilities:
Remediation and asset retirement obligation	347,282		635,850
Note payable, net of discount	257,168
Total long-term liabilities	604,450		635,850
Total liabilities	2,427,835		2,106,734
Commitments and contingencies	0	[1]	0	[1]
Stockholders' deficit:
Preferred stock; no par value, 8,999,800 shares authorized; no shares issued or outstanding	0		0
Convertible preferred stock series A; 5% cumulative dividends, no par value, 1,000,000 shares authorized; 175,000 shares issued and outstanding, $350,000 liquidation preferences	175,000		175,000
Convertible preferred stock series B; no par value, 300 shares authorized, 200 shares issued and outstanding, $200,000 liquidation preference	57,758
Common stock; $0.10 par value, 250,000,000 shares authorized; 126,082,809 and 95,656,719 issued and outstanding, respectively	12,608,281		9,565,672
Additional paid-in capital	13,380,145		14,724,619
Accumulated deficit	-27,462,168		-25,508,785
Total stockholders' deficit	-1,240,984		-1,043,494
Total liabilities and stockholders' deficit	$1,186,851		$1,063,240

[1]	Note 9, 10, 12

Statement_of_Financial_Positio

Statement of Financial Position - Parenthetical (USD $)	Dec. 31, 2014	Dec. 31, 2013
Statement of financial position
Preferred Stock, Par Value	$0	$0
Preferred Stock, Shares Authorized	8,999,800	8,999,800
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Convertible preferred stock series A, no par value, 5% cumulative dividends, shares authorized	1,000,000	1,000,000
Convertible preferred stock series A, shares issued	175,000	175,000
Convertible preferred stock series A, shares outstanding	175,000	175,000
Liquidation preference	$350,000	$350,000
Convertible preferred stock series B, no par value, shares authorized	300
Convertible preferred stock series B, shares issued	200
Convertible preferred stock series B, shares outstanding	200
Liquidation preference, additional series	$200,000
Common Stock, Par Value	$0.10	$0.10
Common Stock, Shares Authorized	200,000,000	200,000,000
Common Stock, Shares Issued	126,082,809	95,656,719
Common Stock, Shares Outstanding	126,082,809	95,656,719

Goldrich_Mining_Company_Consol

Goldrich Mining Company Consolidated Statements of Operations (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Operating expenses:
Mine preparation and oversight costs	$44,754	$180,752
Exploration expense	276,779	45,737
Depreciation	156,485	253,819
Management fees and salaries	278,219	268,594
Professional services	80,234	238,901
General and admin expense	252,325	267,371
Office supplies and other expense	13,039	43,522
Directors' fees	139,000	65,900
Mineral property maintenance	68,878	141,938
Remediation	578,000	300,596
Loss on disposal of equipment	1,906	13,658
Total operating expenses	1,889,619	1,820,788
Other (income) expense:
Interest and other income	-205	-8,212
Interest expense and finance costs	229,631	127,545
Gain on extinguishment of debt	-165,662
Total other (income) expense	63,764	119,333
Net loss	1,953,383	1,940,121
Preferred dividends	58,872	9,379
Net loss available to common stockholders	$2,012,255	$1,949,500
Net loss per common share - basic and diluted	$0.02	$0.02
Weighted average common shares outstanding-basic and diluted	109,484,919	95,542,267

Goldrich_Mining_Company_Consol1

Goldrich Mining Company Consolidated Statements of Changes in Stockholders' (Deficit) (USD $)	Common Stock Shares	Common Stock Par Value	Preferred Stock Shares	Preferred Stock Par Value	Additional Paid-in Capital	Deficit Accumulated During the Exploration Stage	Total
	Common Stock Shares	USD ($)	Preferred Stock Shares	USD ($)	USD ($)	USD ($)	USD ($)
Stockholders' Equity at Dec. 31, 2012		$9,550,672		$175,000	$14,673,054	($23,568,664)	$830,062
Shares issued at Dec. 31, 2012	95,506,719		175,000
Issuance of common shares to new directors		15,000			-6,000		9,000
Issuance of common shares to new directors, stock	150,000
Stock options for new directors and Controller					12,400		12,400
Stock options reissued for CEO					37,575		37,575
Warrants issued with notes payable in gold					7,590		7,590
Net Loss						-1,940,121	-1,940,121
Stockholders' Equity at Dec. 31, 2013		9,565,672		175,000	14,724,619	-25,508,785	-1,043,494
Shares issued at Dec. 31, 2013	95,656,719		175,000
Issuance of Series B preferred shares, net, value				200,000			200,000
Issuance of Series B preferred shares, net, shares			200
Warrants issued with Series B preferred shares				-92,242	92,242
Beneficial Conversion Feature of Series B preferred shares				-50,000	50,000
Warrants issued with Note Payable, net					41,795		41,795
Issuance of common shares by Private Placement, net, value		2,772,609			-1,401,586		1,371,023
Issuance of common shares by Private Placement, net, shares	27,726,090
Common shares granted to directors and officers, net, value		270,000			-148,975		121,025
Common shares granted to directors and officers, net, shares	2,700,000
Stock options granted to directors					22,050		22,050
Net Loss						-1,953,383	-1,953,383
Stockholders' Equity at Dec. 31, 2014		$12,608,281		$232,758	$13,380,145	($27,462,168)	($1,240,984)
Shares issued at Dec. 31, 2014	126,082,809		175,200

Goldrich_Mining_Company_Consol2

Goldrich Mining Company Consolidated Statements of Cash Flows (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Cash flows from operating activities:
Net loss	($1,953,383)	($1,940,121)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	156,485	256,995
Loss on disposal of equipment and mining property	1,464	13,658
Stock based compensation	143,075	58,975
Gain on extinguishment of debt	-165,662
Amortization of discount on note receivable		-7,591
Amortization of discount on note payable and notes payable in gold	142,120	93,825
Amortization of deferred financing costs	40,097	20,510
Accretion of asset retirement obligation	11,432	10,996
Change in:
Prepaid expenses	-11,356	1,552
Gold inventory	-68,656
Other current assets	-6,277	12
Accounts payable and accrued liabilities	-330,231	209,802
Related party deferred compensation	-115,000	58,500
Related party payable	44,765	12,816
Accrued remediation costs	578,000	300,000
Net cash used - operating activities	-1,533,127	-910,071
Cash flows from investing activities:
Payment on a receivable for equipment sale		332,067
Proceeds from the sale of equipment		250
Purchases of equipment	-1,711
Net cash provided (used) - investing activities	-1,711	332,317
Cash flows from financing activities:
Payments on related party debt		-21,000
Payments on notes payable in gold	-62,642
Purchases of gold to satisfy notes payable in gold	-15,000
Proceeds from issuance of common stock and warrants, net of offering costs	1,371,023
Proceeds from issuance of notes payable in gold, net		571,352
Proceeds from issuance of note payable with warrants	285,000
Proceeds from issuance of preferred stock	200,000
Financing costs of note payable	-54,511
Net cash provided - financing activities	1,723,870	550,352
Net increase (decrease) in cash and cash equivalents	189,032	-27,402
Cash and cash equivalents, beginning of year	16,993	44,395
Cash and cash equivalents, end of year	206,025	16,993
Supplemental disclosures of cash flow information:
Cash paid for interest	47,413
Non-cash investing and financing activities:
Warrants issued with notes payable	41,795	7,590
Payment received from receivable from equipment sale		284,629
Beneficial conversion feature on preferred stock	50,000
Warrants issued with preferred stock	$92,242

1_Organization_and_Description

1. Organization and Description of Business	12 Months Ended
1. Organization and Description of Business	Dec. 31, 2014
Notes
1. Organization and Description of Business	1. ORGANIZATION AND DESCRIPTION OF BUSINESS

	Goldrich Mining Company (“Company”) was incorporated under the laws of the State of Alaska on March 26, 1959. The Company is engaged in the business of acquiring and exploring mineral properties throughout the Americas, primarily those containing gold and associated base and precious metals. During 2014, all of the Company’s activities were focused on the Chandalar property in Alaska. The Company’s common stock trades on the Over-The-Counter Bulletin Board (“OTCBB”) exchange under the ticker symbol GRMC.

	Going Concern

	The accompanying consolidated financial statements have been prepared under the assumption that the Company will continue as a going concern. The Company has incurred losses since its inception and does not have sufficient cash to fund normal operations and meet debt obligations for the next 12 months without deferring payment on certain current liabilities and/or raising additional funds.

	The Company currently has no historical recurring source of revenue and its ability to continue as a going concern is dependent on the Company’s ability to raise capital to fund its future exploration and working capital requirements or its ability to profitably execute its business plan. The Company’s plans for the long-term return to and continuation as a going concern include the profitable exploitation of its mining properties and financing the Company’s future operations through sales of its common stock and/or debt.

	Additionally, the current capital markets and general economic conditions in the United States are significant obstacles to raising the required funds. These factors raise substantial doubt about the Company’s ability to continue as a going concern.

	The consolidated financial statements do not include any adjustments that might be necessary should the Company be unable to continue as a going concern. If the going concern basis were not appropriate for these financial statements, adjustments would be necessary in the carrying value of assets and liabilities, the reported expenses and the balance sheet classifications used.

2_Summary_of_Significant_Accou

2. Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2014
Notes
2. Summary of Significant Accounting Policies	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

	Cash and Cash Equivalents

	For the purposes of the balance sheet and statement of cash flows, the Company considers all highly liquid investments with a maturity of three months or less when purchased to be a cash equivalent. Cash or cash equivalents which secure debt instruments, credit facilities, reclamation or environmental bonds, or that are otherwise limited or restricted in their usage, are reported separately and not included in cash and cash equivalents.

	Consolidation of and Accounting for Subsidiaries

	The consolidated financial statements include the accounts of the Company and the accounts of its 100% owned subsidiaries Minera LSG S.A. and Goldrich Placer, LLC. These subsidiaries are included in the accompanying financial statements by consolidation of the Statements of Operations and the Balance Sheets as of December 31, 2014 and December 31, 2013, with all intercompany balances and investment accounts eliminated.

	Accounting for Investments in Joint Ventures

	For joint ventures in which the Company does not have joint control or significant influence, the cost method is used. Under the cost method, these investments are carried at the lower of cost or fair value. For those joint ventures in which there is joint control between the parties and in which the Company has significant influence, the equity method is utilized whereby the Company’s share of the ventures’ earnings and losses is included in the statement of operations as earnings in joint ventures and its investments therein are adjusted by a similar amount.

	Goldrich has no significant influence over its joint venture described in Note 4 Joint Ventures, and therefore accounts for its investment using the cost method.

	For joint ventures where the Company holds more than 50% of the voting interest and has significant influence, the joint venture is consolidated with the presentation of a non-controlling interest. In determining whether significant influence exists, the Company considers its participation in policy-making decisions and its representation on the venture’s management committee. Goldrich currently has no joint venture of this nature.

	The Company periodically assesses its investments in joint ventures for impairment. If management determines that a decline in fair value is other than temporary it will write-down the investment and charge the impairment against operations.

	Net Loss Per Share

	Basic earnings per share (“EPS”) is computed as net loss available to common shareholders after dividends to preferred 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 debt and securities. The dilutive effect of vested convertible and exercisable securities would be:


	For years ended December 31,	2014	2013
	Convertible preferred stock Series A	1,050,000	1,050,000
	Convertible preferred stock Series B	2,857,142	-
	Stock options	3,500,000	3,315,000
	Warrants	49,276,897	33,849,630
	Total possible dilution	56,684,039	38,214,630


	At December 31, 2014 and 2013, the effect of the Company’s outstanding options and common stock equivalents would have been anti-dilutive. Accordingly, only basic EPS is presented.

	Recent Accounting Pronouncements

	In June 2014, the Financial Accounting Standards Board issued Accounting Standard Update No. 2014-10 (“the ASU”). This update changes the requirements for disclosures as they relate 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 thereafter, with early application permitted for any financial statements that have not yet been issued. The Company elected to apply the amendments effective with the third quarter of 2014.

	In August 2014, the FASB issued ASU No. 2014-15, “Presentation of Financial Statements – Going Concern”. The provisions of ASU No. 2014-15 require management to assess an entity’s ability to continue as a going concern by incorporating and expanding upon certain principles that are currently in U.S. auditing standards. Specifically, the amendments (1) provide a definition of the term substantial doubt, (2) require an evaluation every reporting period including interim periods, (3) provide principles for considering the mitigating effect of management’s plans, (4) require certain disclosures when substantial doubt is alleviated as a result of consideration of management’s plans, (5) require an express statement and other disclosures when substantial doubt is not alleviated, and (6) require an assessment for a period of one year after the date that the financial statements are issued (or available to be issued). The amendments in this ASU are effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. The Company is currently assessing the impact of ASU No. 2014-15 on the Company’s consolidated financial statements once adopted.

	Other accounting standards that have been issued or proposed by FASB that do not require adoption until a future date are not expected to have a material impact on the consolidated financial statements upon adoption. The Company does not discuss recent pronouncements that are not anticipated to have an impact on or are unrelated to its financial condition, results of operations, cash flows or disclosures.

	Reclassifications

	Certain reclassifications have been made to conform prior year’s data to the current presentation. These reclassifications have no effect on the results of reported operations or stockholders’ equity.

	Use of Estimates

	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Significant estimates used in preparing these financial statements include those assumed in estimating the recoverability of the cost of mining claims, accrued remediation costs, asset retirement obligations, stock based compensation, and deferred tax assets and related valuation allowances. Actual results could differ from those estimates.

	Plant, Equipment, and Accumulated Depreciation

	Plant and equipment are stated at cost, which is determined by cash paid or fair value of the shares of the Company’s common stock issued. The Company’s mill buildings and equipment are located on the Company’s unpatented state mining claims located in the Chandalar mining district of Alaska. All mill buildings and equipment purchased prior to 2009 are fully depreciated. The Company’s equipment is located at the Chandalar property in Alaska, with a small amount of office equipment located at Company offices in Spokane, Washington. Assets are depreciated on a straight-line basis. Improvements which significantly increase an asset’s value or significantly extend its useful life are capitalized and depreciated over the asset’s remaining useful life.

	When a fixed asset is sold at a price either higher or lower than its carrying amount, or undepreciated cost at the date of disposal, the difference between the sale proceeds over the carrying amount is recognized as gain, while a loss is recognized when the carrying amount exceeds the sale proceeds. The gain or loss is recognized in the Consolidated Statements of Operations.

	Mining Properties and Claims

	The Company capitalizes costs for acquiring mineral properties and expenses costs to maintain mineral rights and leases as incurred. Should a property reach the production stage, these capitalized costs would be amortized using the units-of-production method on the basis of periodic estimates of ore reserves. Mineral properties are periodically assessed for impairment of value, and any subsequent losses are charged to operations at the time of impairment. If a property is abandoned or sold, its capitalized costs are charged to operations.

	Mine Preparation Costs

	Mine preparation costs are expenditures incurred in the exploration stage that may ultimately benefit production are expensed due to the lack of proven and probable reserves, which would indicate future recovery of these expenses. These costs are expensed in the period in which they occur.

Exploration Costs

Exploration costs are expensed in the period in which they occur.

Income Taxes

Income taxes are recognized in accordance with Accounting Standards Codification (“ASC”) 740 Income Taxes, whereby deferred income tax liabilities or assets at the end of each period are determined using the tax rate expected to be in effect when the taxes are actually paid or recovered. A valuation allowance is recognized on deferred tax assets when it is more likely than not that some or all of these deferred tax assets will not be realized. ASC 740 prescribes a recognition threshold and measurement attribute for the recognition and measurement of a tax position taken or expected to be taken in a tax return. The Company has assessed its tax positions and has determined that it has not taken a position that would give rise to an unrecognized tax liability being reported. In the event that the Company is assessed penalties and or interest; penalties will be charged to other operating expense and interest will be charged to interest expense.

Revenue Recognition

Revenue from the sale of gold is recorded net of smelter or refinery treatment and refining charges. Revenue is recognized when persuasive evidence of an arrangement exists, title and risk passes to the buyer, collection is reasonably assured and price is reasonably determinable. When alluvial gold is placed with the smelter, revenue is recognized and cash is remitted for any ounces of alluvial gold sold to the smelter, converted to ounces of fine gold at an assumed smelting loss percentage. Pricing of the sale is at the market price of gold on the date of sale. The number of gold ounces sold at deposit is limited to a certain percentage of the ounces of alluvial gold deposited, as agreed in each case with the smelter. Ounces not sold are smelted and retained in the Company’s inventory in a secured metals account at the smelter. Subsequent sales of gold from inventory are made at then-current market prices, with smelter treatment and refining charges deducted, and net cash proceeds are remitted to the Company.

Stock-Based Compensation

The Company periodically issues common shares or options to purchase shares of the Company’s common shares to its officers, directors or other parties. These issuances are recorded at fair value for both the common shares issued and options granted. The Company uses a Black Scholes valuation model for determining fair value of options to purchase shares, and compensation expense is recognized ratably over the vesting periods on a straight line basis. Compensation expenses for grants that vest immediately are recognized in the period of grant.

Remediation

The Company’s operations have been, and are subject to, standards for mine reclamation that have been established by various governmental agencies. The Company records the fair value of an asset retirement obligation as a liability in the period in which the Company incurs a legal obligation for the retirement of tangible long-lived assets. A corresponding asset is also recorded and depreciated over the life of the long lived asset using a units of production method. After the initial measurement of the asset retirement obligation, the liability will be adjusted at the end of each reporting period to reflect changes in the estimated future cash flows underlying the obligation. Determination of any amounts recognized is based upon numerous estimates and assumptions, including future retirement costs, future inflation rates and the credit-adjusted risk-free interest rates. For non-operating properties, the Company accrues costs associated with environmental remediation obligations when it is probable that such costs will be incurred and they are reasonably estimable. Such costs are based on management’s estimate of amounts expected to be incurred when the remediation work is performed.

Fair Values of Financial Instruments

The Company discloses the following information for each class of assets and liabilities that are measured at fair value:

1. The fair value measurement;

2. the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets or liabilities (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3);

3. for fair value measurements using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following:

a. total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings, and a description of where those gains or losses included in earnings are reported in the statement of operations;

b. the amount of these gains or losses attributable to the change in unrealized gains or losses relating to those assets or liabilities still held at the reporting period date and a description of where those unrealized gains or losses are reported;

c. purchases, sales, issuances, and settlements (net); and

d. transfers into and/or out of Level 3

4. the amount of the total gains or losses for the period included in earnings that are attributable to the change in unrealized gains or losses relating to those assets and liabilities still held at the reporting date and a description of where those unrealized gains or losses are reported in the statement of operations; and

5. in annual periods only, the valuation technique(s) used to measure fair value and a discussion of changes in valuation techniques, if any, during the period.

The table below sets forth the Company’s financial assets that were accounted for at fair value on a recurring basis as of December 31, 2014 and 2013:


	Balance	Balance	Input
	31-Dec-14	31-Dec-13	Hierarchy level
Cash and cash equivalents	$ 206,025	$ 16,993	Level 1

The carrying amounts of financial instruments including cash and cash equivalents, notes payable in gold, and notes payable approximate fair value at December 31, 2014 and 2013.

3_Property_Plant_Equipment_and

3. Property, Plant, Equipment and Mining Claims	12 Months Ended
	Dec. 31, 2014
Notes
3. Property, Plant, Equipment and Mining Claims	3. PROPERTY, PLANT, EQUIPMENT AND MINING CLAIMS

	Equipment

	At December 31, 2014 and 2013, the Company’s equipment classifications were as follows:


		2014	2013
	Exploration and mining equipment	$ 1,627,351	$ 1,627,351
	Vehicles and rolling stock	413,678	413,678
	Office and other equipment	65,581	67,318
	Total	2,106,610	2,108,347
	Accumulated depreciation	-1,989,299	-1,834,797

	Equipment, net of depreciation	$ 117,311	$ 273,550


	Of the Company’s assets, $1,342,911 are being depreciated over lives of three and five years and $763,699 are being depreciated over seven and ten years, resulting in total depreciation expense of $156,485 for 2014. Assets of $1,344,648 and $763,699 being depreciated over corresponding periods, respectively, resulted in total depreciation of $253,819 for 2013.

	Mining Properties and Claims

	At December 31, 2014 and 2013, the Company’s mining properties and claims were as follows:

		2014	2013
	Chandalar property and claims	$ 264,000	$ 264,000
	2003 purchased claims	35,000	35,000
	Unpatented state claims staked	40,400	40,400
	Asset retirement costs	242,766	242,766
	Total	$ 582,166	$ 582,166

	Asset retirement costs are being depreciated over the related long lived asset using a units of production method. No production occurred during 2014 and 2013. Accordingly no depreciation of these costs has been recorded for 2014 and 2013.

5_Joint_Ventures

5. Joint Ventures	12 Months Ended
5. Joint Ventures	Dec. 31, 2014
Notes
5. Joint Ventures	4. JOINT VENTURE

	On May 7, 2012, the Company entered into a joint venture (“the JV”) with NyacAU, LLC (“NyacAU”), an Alaskan private company, to bring Goldrich’s Chandalar placer gold properties into production as defined in the joint venture agreement). In each case as used herein in reference to the JV, ‘production’ is as defined by the JV agreement. As part of the agreement, Goldrich and NyacAU formed a 50:50 joint venture company, Goldrich NyacAU Placer LLC (“GNP”), to operate the Chandalar placer mines, with NyacAU acting as managing partner. Goldrich has no significant control or influence over the JV, and therefore accounts for its investment using the cost method, which totals $55,300 through December 31, 2014.

	Under the terms of the joint venture agreement (the “Agreement”), NyacAU provided funding to the JV. The loans are to be repaid from future production. According to the Agreement, on at least an annual basis, the JV shall allocate and distribute all revenue (whether in cash or as gold) generated from the JV’s placer operation in the following order:

	1. Current year operating expenses,
	2. Members’ distribution of 20% (10% to Goldrich and 10% to NyacAU) provided that, for so long as the loan (LOC2) to GNP from NyacAU for the purchase of a royalty is not paid in full, the JV shall retain 100% of Goldrich’s distribution and apply against the loan,
	3. After payment of operating expenses and the member’s distribution of 20%, the JV will apply any remaining revenue to reduce the remaining balance of the loan from NyacAU to GNP for the development of the mine (LOC1),
	4. Reserves for future operating expenses and capital needs, not to exceed $3,000,000 in any year, and
	5. Member distributions of any remaining gold production on a 50:50 basis to each of the JV partners provided that, for so long as the loan LOC2 is not paid in full, the JV shall retain 100% of Goldrich’s distribution and apply against the loan.

6_Related_Party_Transactions

6. Related Party Transactions	12 Months Ended
6. Related Party Transactions	Dec. 31, 2014
Notes
6. Related Party Transactions	5. RELATED PARTY TRANSACTIONS

	Beginning in October 2012, the Company’s President and Chief Executive Officer (“CEO”) elected to defer a portion of his salary until the Company is successful in securing financing sufficient to fund future operations. An amount of $115,000 was deferred and accrued at December 31, 2013, and was paid during the year ended December 31, 2014.

	A total of $11,338 interest was payable at December 31, 2013 to the Company’s former Chief Operating Officer in connection with the settlement of notes payable in gold in 2011. These amounts were paid during the year ended December 31, 2014.

	An amount of $17,556 was accrued for fees due to the Company’s Chief Financial Officer (“CFO”) at December 31, 2013 and paid during the year ended December 31, 2014. An amount of $4,96 has been accrued for fees at December 31, 2014. These amounts are included in related party payable.

	A total of $87,900 had been accrued for consultants and directors’ fees at December 31, 2013. For the year ended December 31, 2014, an additional $21,490 has been accrued for services performed during the period, which is included in accounts payable. In 2013, a total of 150,000 common shares and 150,000 options to purchase common shares were issued to three consulting directors having a total fair value of $18,700. During the year ended December 31, 2014, a total of 1,650,000 common shares and 450,000 options to purchase common shares were issued to directors (See Note 7 Stockholders’ Equity) having a total fair value of $96,300, which brings the total consultants and directors’ fees recognized for the year ended December 31, 2014 to $143,075.

6_Note_Payable

6. Note Payable	12 Months Ended
	Dec. 31, 2014
Notes
6. Note Payable	6. NOTE PAYABLE

	On January 24, 2014, the Company closed a three-year unsecured senior note financing for $300,000 with a private investment firm (“the lender”). Per the note agreement, the $300,000 is the first of six-staged loans for total aggregate amount of up to $2 million. The note bears interest at 15%, payable at the end of each quarter. Interest of $41,610 had been paid and expensed during the year ended December 31, 2014.

	Repayment of all amounts owed under the note is guaranteed by Goldrich Placer LLC, the Company’s wholly owned subsidiary, which in turn owns a 50% interest in Goldrich NyacAU Placer LLC. See Note 4 Joint Venture. The note contains standard default provisions, including failure to pay interest and principal when due.

	Under the terms of the note, the three-year maturity date is measured from the closing date of each loan in the series. The loans will be issued at a 5% discount and, for each loan of the series, the Company will issue 5.25 Class M warrants, exercisable at $0.15 per common share, for each dollar loaned under this agreement. The Company has, at its election, the ability to cancel future loans at any time or prepay the loans together with interest thereon without penalty. The lender reserves the right, at its election, to determine whether to fund Loans 2 through 6 in the series. The Company is required to pay finders fees consisting of a 3% cash commission to parties other than the lender. At the inception of the first note, the Company issued warrants to purchase shares of common stock of the Company equal in number to 8% of the number of dollars of the aggregated loan package (160,000 warrants through December 31, 2014). One percent point of the three percentage points of commissions paid on the current year’s and future cash proceeds were and will be paid to a director of the Company. Three percentage points of the eight percentage points of the warrants were paid to a director of the Company. The terms of the warrants issued to finders are the same as the warrants issued to the lender.

	During the year ended December 31, 2014, the Company received the first staged loan of $300,000 less a discount of $15,000, for proceeds of $285,000. In total, the Company issued 1,735,000 Class M warrants, paid finder fees totaling $9,000 to a third party, and incurred other placement costs of $45,511, for a total of $54,511 of deferred finance costs.

	The fair value of warrants issued with the notes payable was estimated at the date of issuance using the Black-Scholes fair value model, which requires the use of highly subjective assumptions, including the expected volatility of the stock price, which may be difficult to estimate for small reporting companies traded on micro-cap stock exchanges.

	The fair value of the warrants was estimated on the issue date at $41,795 using the following weighted average assumptions:

	Risk-free interest rate	1.52%
	Expected dividend yield	0
	Expected term (in years)	5
	Expected volatility	157.10%

	The risk-free interest rate is based on the U.S. Treasury yield curve at the time of the grant. The expected term of warrants issued is from the date of issuance. The expected volatility is based on historical volatility. The Company has evaluated previous low occurrences of warrant forfeitures and believes that current holders of the warrants will hold them to maturity as has been experienced historically; therefore, no variable for forfeiture was used in the calculation of fair value. The Note payable is discounted by the fair value of the warrants, which is then amortized over the life of the note.

	At December 31, 2014, the Company had outstanding total notes payable of $300,000 less remaining unamortized discounts of $42,832 for a net liability of $257,168. The lender elected to defer at least the second through the fifth tranches of the note advances pending the resolution and additional due diligence related to a lien that was placed on our claims in December by our joint venture partner, which was subsequently released during the quarter ended March 31, 2014. At December 31, 2014, the lender retains the right to lend the contracted amounts of the second through fifth tranches of the note.

7_Notes_Payable_in_Gold

7. Notes Payable in Gold	12 Months Ended
	Dec. 31, 2014
Notes
7. Notes Payable in Gold	7. NOTES PAYABLE IN GOLD

	During 2013, the Company issued notes in principal amounts totaling $820,000, less a discount of $205,000, for proceeds of $615,000. Under the terms of the notes, the Company agreed to deliver gold to the holders at the lesser of $1,350 per ounce of fine gold or a 25% discount to market price as calculated on the contract date and specify delivery of gold in November 2014. The notes payable in gold contracts contain standard terms regarding delivery and receipt of gold and payment of delivery costs. The Company paid a finder’s fee of $42,000, and incurred other placement costs of $2,143, for a total of $44,143 of deferred finance costs.

	Additionally, for each dollar of note payable in gold entered, the holder received one half of a common stock purchase warrant. A total of 307,500 warrants were issued. Each whole warrant is exercisable to purchase one share of common stock of the Company at an exercise price of $0.40 for a period of two years following the date of issue. A portion of the proceeds from the notes were allocated to the warrants, resulting in an increase in additional paid in capital and a discount on the notes payable in gold of $7,590.

	The fair value of warrants issued with the notes payable in gold was estimated at the date of issuance using the Black-Scholes fair value model, which requires the use of highly subjective assumptions, including the expected volatility of the stock price, which may be difficult to estimate for small reporting companies traded on micro-cap stock exchanges.

	The fair value of the warrants was estimated on the issue date using the following weighted average assumptions:

	Risk-free interest rate	0.29%
	Expected dividend yield	0
	Expected term (in years)	2
	Expected volatility	138.50%


	The risk-free interest rate is based on the U.S. Treasury yield curve at the time of the grant. The expected term of warrants issued is from the date of issuance. The expected volatility is based on historical volatility. The Company has evaluated previous low occurrences of warrant forfeitures and believes that current holders of the warrants will hold them to maturity as has been experienced historically; therefore, no variable for forfeiture was used in the calculation of fair value.

	In the event that the Company’s shares of common stock trade in the United States at a closing price of greater than $1.00 per share for a period of 10 consecutive trading days at any time following the issuance of the warrants, the Company may, in its sole discretion, accelerate the expiration date of the warrants by giving written notice to the holders thereof, and in such case, the warrants will expire on the 20th business day after the date on which such notice is given by the Company.

	On October 22, 2014, the Company delivered 12.405 ounces of fine gold to one note holder and renegotiated terms with the other holders. This gold was purchased and delivered outside the original contract, which required delivery of produced gold, to settle the default condition with this note holder. The Company paid $1,245 per ounce on the date of delivery. A default condition arising from the non-delivery of the gold in 2014 was alleviated by agreements with the other three note holders to extend the delivery date of gold to November 30, 2015, with the following terms:

	Ten percent (10%) (rounded up to the nearest ounce of gold) of the required quantity of gold due on the delivery date of November 30, 2014 was delivered as required pursuant to the contract. In lieu of gold, the Company could elect to satisfy the delivery of the deliverable required quantity by paying, an amount equal to the deliverable required quantity times the greater of the original purchase price or the index price for the day preceding the date of payment. The Company agreed to pay interest on the value of the delayed delivery required quantity at an annual percentage rate of 8% payable quarterly with any remaining interest due and payable on the delivery date. Interest is non-compounding, provided however, that any interest not paid in full by any required interest payment date, is added to the principal amount of the value of the delayed delivery required quantity and is subject to interest until such late interest payment is made in full.

	If the delivery date index price on November 30, 2015 is less than the original purchase price, an additional adjusted required amount, equal to the delayed delivery required quantity multiplied by a ratio, consisting of the original purchase price as the numerator and the greater of $1,100 or the delivery date index price on November 30, 2015 as the denominator, less the delayed delivery required quantity, shall be delivered by December 31, 2015.

	As required by ASC 470, the payments required under the original note were compared to the payments required from the notes as amended to determine whether a debt modification or debt extinguishment had occurred. A difference greater than 10% requires the modification to be accounted for as a debt extinguishment. The net carrying amount of debt is the amount due at maturity, adjusted for unamortized premium, discount, and cost of issuance. The reacquisition price of the new or amended debt instrument is the amount satisfied on extinguishment, including any call premium and miscellaneous costs of reacquisition.

	In accordance with ASC 470, the Company calculated the potential gain or loss on debt modification or extinguishment. A difference between the reacquisition price of the debt and the net carrying amount of the extinguished debt was recognized currently in income of the period of extinguishment as losses or gains and identified as a separate item. Gains and losses are not amortized to future periods.

	The Company calculated a 22% difference between the carrying value of the original contracted notes of $742,358 and the fair value under the amended notes of $576,696. Because the change in valuation exceeds 10% of the carrying value of the original debt obligation, a gain on extinguishment of debt of $165,662 was recognized for the year ended December 31, 2014.

	At December 31, 2014, the Company had outstanding total notes payable in gold of $576,696, representing 446.788 ounces of fine gold deliverable at November 30, 2015. At December 31, 2013, the Company had outstanding total notes payable in gold of $701,729, representing 511.193 ounces of fine gold.

	The Company is not required to purchase gold on the open market to meet delivery obligations. In the event that sufficient gold is not produced to meet future distribution requirements, the Company may be required to renegotiate the terms of the notes with the holders to avoid default. A renegotiation or default may require a change in future accounting treatment to that of derivative accounting as required by ASC 450.

8_Stockholders_Equity

8. Stockholders' Equity	12 Months Ended
	Dec. 31, 2014
Notes
8. Stockholders' Equity	8. STOCKHOLDERS’ EQUITY

	Private Placement Offerings

	Unit Private Placements
	During June and July of 2014, we completed a private placement of our common stock and warrants to purchase shares of our common stock. In total, the private placement consisted of 27,726,090 units issued at a price of $0.055 per unit and resulted in net proceeds of $1,371,023. Each unit consist of one share of our common stock and one half or a Class N warrant. Each full Class N warrant is exercisable to purchase one additional common share of the Company at $0.11, for a period of five years following the date of issue. Of the units to be issued, our officers and directors purchased 1,424,454 units, contributing $78,345 of the total net proceeds. Such units were purchased on the same terms and conditions as the purchase of units by other investors in the private placement.
	In relation to these placements, the Company issued 2,701,386 Class N-2 Warrants for finders fees. Terms of the N-2 warrant are identical to the class N warrant except the exercise price to purchase a common share is $0.055.
	On January 23, 2014, the Company completed the offer and sale of 200 shares of Series B Preferred stock, resulting in net proceeds of $200,000 to the Company. These shares were issued from the designated 9,000,000 share of Preferred Stock, at no par value as determined by the Board.
	In connection with the issuance of the Series B Preferred Stock, the Company issued 2,857,142 five-year Class L warrants with an exercise price of $0.10 per share of the Company’s common stock with a fair value of $92,242 determined using a Black Scholes model and allocation between the preferred shares and the warrants. Additionally, after accounting for the fair value of the warrant, a beneficial conversion feature of $50,000 was determined to exist, which represented a non-cash deemed dividend to the holder of the preferred shares. This dividend was recognized immediately as additional paid in capital upon issue due to the ability to convert the shares concurrent with issuance of the preferred shares. Both the fair value of the warrants and the beneficial conversion feature were charged to Additional paid in capital at the date of issuance.

	Preferred Shares:

	Series A Convertible Preferred Stock:

	The Company has 175,000 shares of Series A Convertible Preferred Stock outstanding at December 31, 2014. These shares were issued from the designated 1,000,000 shares of Series A Preferred Stock, no par value, with the following rights and preferences:
	· Liquidation Preference: Upon a liquidation event, an amount in cash equal to $2.00 per share (adjusted appropriately for stock splits, stock dividends and the like), for a total of $350,000 at December 31, 2014, together with declared but unpaid dividends to which the holders of outstanding shares of Series A Preferred Stock are entitled shall be paid prior to liquidation payments to holders of Company securities junior to the Series A Preferred Stock.
	· Voting: Each holder of Series A Preferred Stock shall be entitled to vote on all matters upon which holders of common stock would be entitled to vote and shall be entitled to that number of votes equal to the number of whole shares of common stock into which such holder’s shares of Series A Preferred Stock could be converted.
	· Conversion: Any share of Series A Preferred Stock may, at the option of the holder, be converted at any time into six shares of common stock. The Company has the right, at its sole option, to convert all Series A Preferred Stock into common stock after the third anniversary of its issuance if the weighted average trading price of the common stock exceeds $1.00 per share for ten consecutive trading days. The Company also has the right, at its sole option, to convert all Series A Preferred Stock into common stock after the tenth anniversary from the date of issuance.
	· Dividend Rate: The holders of Series A Preferred Stock shall be entitled to receive, when and as declared by the Board, yearly cumulative dividends from the surplus or net profits of the Company at an effective rate of 5% per annum, of the original Series A Preferred Stock purchase price of $1.00 per share. The Series A dividend shall accrue ratably from the date of issuance of the Series A Preferred Stock through the entire period in which shares of Series A Preferred Stock are held and shall be payable to the holder of the Series A Preferred Stock on the conversion date of the Series A Preferred Stock or as may be declared by the Board, with proper adjustment for any dividend period which is less than a full year.
	· Preferential and Cumulative. The Series A dividends shall be payable before any dividends will be paid upon, or set apart for, the common stock of the Company and will be cumulative, so that any dividends not paid or set apart for payment for the Series A Preferred Stock, will be fully paid and set apart for payment, before any dividends will be paid upon, or set apart for, the common stock of the Company.
	· Payment of Dividend: If the Company shall have sufficient earnings to pay a dividend on the Series A Preferred Stock, upon declaration of any dividend by the Board in compliance with the Alaska Code and the Company’s Articles of Incorporation and Bylaws, the holder of Series A Preferred Stock may elect to receive payment of Series A dividend on a dividend payment date in cash, or provisionally in gold. Payment of Series A dividends in gold shall be paid only if the Company is producing gold in sufficient quantities as of the dividend payment date to pay such in-kind dividend and shall be delivered in the form of gold produced from the Company’s Chandalar property.
	Conversion of outstanding shares of Series A Preferred stock would have resulted in dilution of 1,050,000 and 1,050,000 common shares for the years ended December 31, 2014 and 2013, respectively.
	Series B Convertible Preferred Stock:

	The Company has 200 shares of Series B Convertible Preferred Stock outstanding at December 31, 2014. These shares were issued from the designated 300 shares of Series B Preferred Stock, no par value, with the following rights and preferences:

	· Liquidation Preference: Upon a liquidation event, an amount in cash equal to $1,000 per share (adjusted appropriately for stock splits, stock dividends and the like), for a total of $200,000 at December 31, 2014 shall be paid prior to liquidation payments to holders of Company securities junior to the Series B Preferred Stock. Holders of the Company’s Series A Preferred Stock shall be paid in advance of holders of the Series B Preferred Stock on the occurrence of a Liquidation Event.
	· Voting: Each holder of Series B Preferred Stock shall be entitled to vote on all matters upon which holders of common stock would be entitled to vote and shall be entitled to that number of votes equal to the number of whole shares of common stock into which such holder’s shares of Series B Preferred Stock could be converted. Holders of Series B Preferred Stock vote as a single class with the common shares on an as-if-converted basis. No holder of Series B Preferred Stock is entitled to pre-emptive voting rights.
	· Conversion: Shares of Series B Preferred Stock may, at the option of the holder, be converted at any time into a number of fully-paid and non-assessable shares of common stock as is equal to the product obtained by multiplying the Series B shares by $1,000, then dividing by the Series B conversion price of $0.07 per common share. The Series B conversion price is subject to adjustment in accordance with the provisions of the statement of designation.
	· Dividend Rate: The holders of Series B Preferred Stock shall not be entitled to receive dividends.
	Conversion of outstanding shares of Series B Preferred stock would result in dilution of 2,857,142 and nil common shares for the years ended December 31, 2014 and 2013, respectively.
	Warrants:

	The following is a summary of warrants for December 31, 2014:


				Shares			Exercise	Expiration Date
							Price ($)
	Class E Warrants: (Issued for Notes payable in gold)
	Outstanding and exercisable at January 1, 2013		300,018			0.65		March 31, 2014 ⁽¹⁾
	Outstanding and exercisable at December 31, 2013		300,018
	Warrants expired		-300,018
	Outstanding and exercisable at December 31, 2014		0
	Class F Warrants: (Issued for Private Placement)
	Outstanding and exercisable at January 1, 2013		659,663			0.55		March 31, 2014 ⁽¹⁾
	Outstanding and exercisable at December 31, 2013		659,663
	Warrants expired		-659,663
	Outstanding and exercisable at December 31, 2014		0
	Class F-2 Warrants: (Issued for Commissions)
	Outstanding and exercisable at January 1, 2013		599,772			0.2		March 31, 2014 ⁽¹⁾
	Outstanding and exercisable at December 31, 2013		599,772
	Warrants expired		-599,772
	Outstanding and exercisable at December 31, 2014		0
	Class G Warrants: (Issued for Private Placement)
	Outstanding and exercisable at January 1, 2013		4,169,850			0.36		March 31, 2014 ⁽¹⁾
	Outstanding and exercisable at December 31, 2013		4,169,850
	Warrants expired		-4,169,850
	Outstanding and exercisable at December 31, 2014		0
	Class H Warrants: (Issued for Private Placement)
	Outstanding and exercisable at January 1, 2013	5,125,936			0.3			31-May-16
	Outstanding and exercisable at December 31, 2013	5,125,936
	Outstanding and exercisable at December 31, 2014	5,125,936
	Class I Warrants: (Issued for Private Placement)
	Outstanding and exercisable at January 1, 2013	13,906,413			0.4			31-May-16
Outstanding and exercisable at December 31, 2013	13,906,413
Outstanding and exercisable at December 31, 2014	13,906,413
Class J Warrants: (Issued for Private Placement)
Outstanding and exercisable at January 1, 2013	8,780,478			0.3			29-Jul-16
Outstanding and exercisable at December 31, 2013	8,780,478
Outstanding and exercisable at December 31, 2014	8,780,478
Class K Warrants: (Issued for Notes payable in gold)
Warrants issued March 29, 2013	307,500			0.4			29-Mar-15
Outstanding and exercisable at December 31, 2013	307,500
Outstanding and exercisable at December 31, 2014	307,500
Class L Warrants: (Issued for Private Placement of Preferred Stock
Warrants issued January 23, 2014	2,857,142			0.1			23-Jan-19
Outstanding and exercisable at December 31, 2014	2,857,142
Class M Warrants: (Issued for Note Payable)
Warrants issued January 29, 2014	1,735,000			0.15			29-Jan-19
Outstanding and exercisable at December 31, 2014	1,735,000
Class N Warrants: (Issued for Private Placement)
Warrants issued June 6, 2014	7,104,317			0.11			6-Jun-19
Warrants issued June 30, 2014	4,350,180			0.11			30-Jun-19
Warrants issued July 18, 2014	2,408,545			0.11			18-Jul-19
Outstanding and exercisable at December 31, 2014	13,863,042
Class N-2 Warrants: (Issued for Finders Fees)
Warrants issued July 18, 2014	2,701,386			0.055			18-Jul-19
Outstanding and exercisable at December 31, 2014	2,701,386
Weighted average exercise of warrants outstanding and weighted average exercise price at December 31, 2014	49,276,897			0.25



(1) On March 21, 2012, the expiration dates of warrants set to expire in 2012 were extended for one year beyond their original expiration dates. In February 2013, the expiration dates of the Class E, F, F-2 and G warrants were extended to March 31, 2014.

Stock Options and Stock-Based Compensation:

Under the Company’s 2008 Equity Incentive Plan, as amended by shareholder vote on November 27, 2013 (the “Plan”), options to purchase shares of common stock may be granted to key employees, contract management and directors of the Company. The Plan permits the granting of nonqualified stock options, incentive stock options and shares of common stock. Upon exercise of options, shares of common stock are issued from the Company’s treasury stock or, if insufficient treasury shares are available, from authorized but unissued shares. Options are granted at a price equal to the closing price of the common stock on the date of grant. The stock options are generally exercisable immediately upon grant and for a period of 10 years. In the event of cessation of the holder’s relationship with the Company, the holder’s exercise period terminates 90 days following such cessation. The Plan authorizes the issuance of up to 9,550,672 shares of common stock, subject to adjustment for certain events, such as a stock split or other dilutive events. As of December 31, 2014, there were a total of 1,775,672 shares available for grant in the Plan, 4,275,000 shares issued or exercised, and 3,500,000 options outstanding.

For the years ended December 31, 2014 and 2013, the fair value of stock options was estimated at the date of grant using the Black-Scholes option pricing model, which requires the use of highly subjective assumptions, including the expected volatility of the stock price, which may be difficult to estimate for small reporting companies traded on micro-cap stock exchanges. The fair value of each option grant was estimated on the grant date using the following weighted average assumptions:

		2014	2013
Risk-free interest rate		2.17%	1.75%
Expected dividend yield		0	0
Expected term (in years)		10	10
Expected volatility		143%	142.4% - 155.8%


The risk-free interest rate is based on the U.S. Treasury yield curve at the time of the grant. The expected term of stock options granted is from the date of the grant. The expected volatility is based on historical volatility. The Company has evaluated previous low occurrences of option forfeitures and believes that current holders of the option will hold them to maturity as has been experience historically; therefore, no variable for forfeiture was used in the calculation of fair value.

During the year ended December 31, 2013, the Company issued 25,000 options to an employee and a total of 150,000 options to three directors. The fair value of these options was determined using a Black Scholes model, resulting in a fair value of $2,700 and $9,700, respectively. The Company also issued 150,000 common shares to the three directors. These shares were issued at the grant date market price of $0.06 per share, resulting in directors’ fees expense of $9,000.

In 2009, the Company issued 750,000 options to the President and CEO for a term of five-years. On February 20, 2013, the board voted to cancel the options and issue new options at the same exercise price of $0.405 to effectively extend to a total of 10-years with the same exercise price. This resulted in an additional fair value of $37,575 for these options.

During the year ended December 31, 2014, the Company issued 450,000 options to directors. The fair value of these options was determined using a Black Scholes model, resulting in a fair value of $22,050. The Company also issued 2,700,000 common shares to officers, directors, and employees. These shares were issued at the grant date market price of $0.045 per share, resulting in share based compensation expense of $121,025.

A summary of stock option transactions for the years ended December 31, 2014 and 2013 are as follows:


	Shares	Weighted-	Weighted	Aggregate
		Average	Average	Intrinsic
		Exercise Price	Remaining	Value
		(per share)	Contractual
			Term (Years)
Options outstanding at December 31, 2012	3,570,000	0.28	4.41	$0
Granted	175,000	0.15
Forfeited	-430,000	0.21
Options outstanding at December 31, 2013	3,315,000	$ 0.28	4.41	$0
Granted	450,000	0.05		$0
Forfeited	-265,000	0.23
Options outstanding and exercisable at December 31, 2014
	3,500,000	$ 0.26	4.71	$0
Options available for future grants	1,775,672


The weighted average grant-date fair value of stock options granted during the years ended December 31, 2014 and 2013 was $0.05 and $0.15 per share, respectively. There were no options exercised during 2014 and 2013.

For the year ended December 31, 2014 and 2013, the Company recognized total share-based compensation for employees and consulting directors of $143,075 and $58,975, respectively.

9_Asset_Retirement_Obligation

9. Asset Retirement Obligation	12 Months Ended
	Dec. 31, 2014
Notes
9. Asset Retirement Obligation	9. ASSET RETIREMENT OBLIGATION

	Remediation, reclamation and mine closure costs are based principally on legal and regulatory requirements. Management estimates costs associated with reclamation of mining properties as well as remediation costs for inactive properties. The Company uses assumptions about future costs, capital costs and reclamation costs. Such assumptions are based on the Company’s current mining plan and the best available information for making such estimates. In calculating the present value of the asset retirement obligation the Company used a credit-adjusted risk free interest rate of 4% and a projected mine life of 20 years. On an ongoing basis, management evaluates its estimates and assumptions; however, actual amounts could differ from those based on such estimates and assumptions. Changes to the Company’s asset retirement obligation on its Chandalar property are as follows:


		December 31,	December 31,
		2014	2013
	Asset Retirement Obligation – beginning balance	$ 285,850	$ 274,854
	Incurred	-	-
	Accretion	11,432	10,996
	Asset Retirement Obligation - ending balance (long term)	297,282	285,850

10_Remediation

10. Remediation	12 Months Ended
10. Remediation	Dec. 31, 2014
Notes
10. Remediation	10. REMEDIATION

	In prior years, the Company accrued $50,000 for remediation of a historic mill site. In 2013, the Company accrued an additional $300,000 for the cost of remediation of a mine road and associated disturbance which must be completed by October 2015. In 2014, the Company received a quote from an independent third party to perform the remediation work and accrued an additional $578,000 to cover the anticipated costs of this remediation. The cost of this remediation is in addition to the long term asset retirement obligation calculated in previous years and is classified as a current liability.

	The accrual of $928,000 and $350,000 respectively at December 31, 2014 and 2013 is for anticipated costs to remediate a road and associated disturbance and contamination caused by activities of a previous operator next to an inactive mill site, neither of which was included in the Asset Retirement Obligation computation.

11_Income_Taxes

11. Income Taxes	12 Months Ended
11. Income Taxes	Dec. 31, 2014
Notes
11. Income Taxes	11. INCOME TAXES

	The Company did not recognize a tax provision for the years ended December 31, 2014 and 2013.

	Following are the components of deferred tax assets and allowances at December 31, 2014 and 2013:


		2014	2013
	Deferred tax assets arising from:
	Capitalized exploration and development costs	$ 198,000	$ 284,000
	Unrecovered promotional and exploratory costs	161,000	161,000
	Non-deductible accrued remediation costs	422,000	169,000
	Non-deductible share based compensation	399,000	357,000
	Net operating loss carryforwards	10,201,000	9,592,000
	Total deferred tax assets	11,381,000	10,563,000
	Less valuation allowance	-11,381,000	-10,563,000
	Net deferred tax assets	$ 0	$ 0

	Management has determined that it is more likely than not that the Company will not realize the benefit of its deferred tax assets. Therefore a valuation allowance equal to 100% of deferred tax asset has been recognized. The deferred tax assets were calculated based on an effective tax rate of 43%.

	At December 31, 2014 and 2013, the Company had both federal and state tax-basis net operating loss carryforwards totaling $23.7 million and $23.7 million for each year respectively, which will expire in various amounts from 2019 through 2034.


		2014		2013
	Federal income tax benefit based on statutory rate	($664,000)	34.00%	$ (660,000)	34.00%
	State income tax benefit net of federal taxes	-176,000	9.00%	-174,000	9.00%
	Nondeductible meals and entertainment	2,000	-0.10%	2,000	-0.10%
	Nondeductible expense for options to employees	20,000	-1.00%	18,000	-1.00%
	Increase in valuation allowance	818,000	-41.90%	814,000	-41.90%
	Total taxes on income (loss)	$ 0	-%	$ 0	-%

	The Company has no unrecognized tax benefits as of December 31, 2014 or 2013. Management has reviewed the Company’s tax positions and believes that it is more likely than not all positions would be sustained in an audit. The Company has not provided for any interest or penalties associated with any uncertain tax positions. If interest and penalties were to be assessed, the Company’s policy is to deduct the amounts as interest expense and other expense. Currently tax years from 2012 through 2014 remain open for examination by tax authorities. Net operating losses prior to 2012 could be adjusted during an examination of open years.

12_Commitments_and_Contingenci

12. Commitments and Contingencies	12 Months Ended
	Dec. 31, 2014
Notes
12. Commitments and Contingencies	12. COMMITMENTS AND CONTINGENCIES

	The Company has 426.5 acres of patented claims and 22,432 acres of non-patented claims. We are subject to annual claims rental fees in order to maintain our non-patented claims. In addition to the annual claims rental fees due November 30 of each year, we are also required to meet annual labor requirements due November 30 of each year. The Company is able to carry forward costs for annual labor that exceed the required yearly totals for four years. Following are the annual claims and labor requirements for 2015 and 2016.

		30-Nov-15	30-Nov-16
	Claims Rental	$ 83,570	$ 84,770
	Annual Labor	61,100	61,100
	Yearly Totals	$ 144,670	$ 145,870

	The Company has a carryover to 2015 of approximately $17.1 million to satisfy its annual labor requirements. This carryover expires in the years 2015 through 2020 if unneeded to satisfy requirements in those years.

13_Subsequent_Events

13. Subsequent Events	12 Months Ended
13. Subsequent Events	Dec. 31, 2014
Notes
13. Subsequent Events	13. SUBSEQUENT EVENTS

	Subsequent to year-end, the Company sold 5,000,000 million units (“Units”) at a price of $0.05 per Unit for total aggregate proceeds of US$250,000. Each Unit consists of one full common share of the Company and one full share purchase warrant (“Warrant”). Each Warrant entitles the holder to purchase one additional common share of the Company for a period of 60 months at a price of $0.06 per share. The Warrants are subject to a right of accelerated expiry at the Company’s discretion when the closing price of its commons shares has exceeded $0.22 per share for a period of 20 consecutive trading days.

	Subsequent to year-end, the Company entered into an agreement with a third-party contractor to complete the remediation of the mine waste road built in 2010 at the open pit mining operations on Little Squaw Creek for $878,000. A $250,000 advance was paid to the contractor and an additional $50,000 must be paid be paid before work commences in July. The $50,000 payment is secured by the Company’s equipment on site at Chandalar.

2_Summary_of_Significant_Accou1

2. Summary of Significant Accounting Policies: Cash and Cash Equivalents (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Cash and Cash Equivalents	Cash and Cash Equivalents

	For the purposes of the balance sheet and statement of cash flows, the Company considers all highly liquid investments with a maturity of three months or less when purchased to be a cash equivalent. Cash or cash equivalents which secure debt instruments, credit facilities, reclamation or environmental bonds, or that are otherwise limited or restricted in their usage, are reported separately and not included in cash and cash equivalents.

2_Summary_of_Significant_Accou2

2. Summary of Significant Accounting Policies: Consolidation of and Accounting For Subsidiaries (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Consolidation of and Accounting For Subsidiaries	Consolidation of and Accounting for Subsidiaries

	The consolidated financial statements include the accounts of the Company and the accounts of its 100% owned subsidiaries Minera LSG S.A. and Goldrich Placer, LLC. These subsidiaries are included in the accompanying financial statements by consolidation of the Statements of Operations and the Balance Sheets as of December 31, 2014 and December 31, 2013, with all intercompany balances and investment accounts eliminated.

2_Summary_of_Significant_Accou3

2. Summary of Significant Accounting Policies: Accounting For Investments in Joint Ventures (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Accounting For Investments in Joint Ventures	Accounting for Investments in Joint Ventures

	For joint ventures in which the Company does not have joint control or significant influence, the cost method is used. Under the cost method, these investments are carried at the lower of cost or fair value. For those joint ventures in which there is joint control between the parties and in which the Company has significant influence, the equity method is utilized whereby the Company’s share of the ventures’ earnings and losses is included in the statement of operations as earnings in joint ventures and its investments therein are adjusted by a similar amount.

	Goldrich has no significant influence over its joint venture described in Note 4 Joint Ventures, and therefore accounts for its investment using the cost method.

	For joint ventures where the Company holds more than 50% of the voting interest and has significant influence, the joint venture is consolidated with the presentation of a non-controlling interest. In determining whether significant influence exists, the Company considers its participation in policy-making decisions and its representation on the venture’s management committee. Goldrich currently has no joint venture of this nature.

	The Company periodically assesses its investments in joint ventures for impairment. If management determines that a decline in fair value is other than temporary it will write-down the investment and charge the impairment against operations.

2_Summary_of_Significant_Accou4

2. Summary of Significant Accounting Policies: Net Loss Per Share (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Net Loss Per Share	Net Loss Per Share

	Basic earnings per share (“EPS”) is computed as net loss available to common shareholders after dividends to preferred 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 debt and securities. The dilutive effect of vested convertible and exercisable securities would be:


	For years ended December 31,	2014	2013
	Convertible preferred stock Series A	1,050,000	1,050,000
	Convertible preferred stock Series B	2,857,142	-
	Stock options	3,500,000	3,315,000
	Warrants	49,276,897	33,849,630
	Total possible dilution	56,684,039	38,214,630


	At December 31, 2014 and 2013, the effect of the Company’s outstanding options and common stock equivalents would have been anti-dilutive. Accordingly, only basic EPS is presented.

2_Summary_of_Significant_Accou5

2. Summary of Significant Accounting Policies: New Accounting Pronouncements, Policy (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
New Accounting Pronouncements, Policy	Recent Accounting Pronouncements

	In June 2014, the Financial Accounting Standards Board issued Accounting Standard Update No. 2014-10 (“the ASU”). This update changes the requirements for disclosures as they relate 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 thereafter, with early application permitted for any financial statements that have not yet been issued. The Company elected to apply the amendments effective with the third quarter of 2014.

	In August 2014, the FASB issued ASU No. 2014-15, “Presentation of Financial Statements – Going Concern”. The provisions of ASU No. 2014-15 require management to assess an entity’s ability to continue as a going concern by incorporating and expanding upon certain principles that are currently in U.S. auditing standards. Specifically, the amendments (1) provide a definition of the term substantial doubt, (2) require an evaluation every reporting period including interim periods, (3) provide principles for considering the mitigating effect of management’s plans, (4) require certain disclosures when substantial doubt is alleviated as a result of consideration of management’s plans, (5) require an express statement and other disclosures when substantial doubt is not alleviated, and (6) require an assessment for a period of one year after the date that the financial statements are issued (or available to be issued). The amendments in this ASU are effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. The Company is currently assessing the impact of ASU No. 2014-15 on the Company’s consolidated financial statements once adopted.

	Other accounting standards that have been issued or proposed by FASB that do not require adoption until a future date are not expected to have a material impact on the consolidated financial statements upon adoption. The Company does not discuss recent pronouncements that are not anticipated to have an impact on or are unrelated to its financial condition, results of operations, cash flows or disclosures.

2_Summary_of_Significant_Accou6

2. Summary of Significant Accounting Policies: Reclassifications (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Reclassifications	Reclassifications

	Certain reclassifications have been made to conform prior year’s data to the current presentation. These reclassifications have no effect on the results of reported operations or stockholders’ equity.

2_Summary_of_Significant_Accou7

2. Summary of Significant Accounting Policies: Use of Estimates (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Use of Estimates	Use of Estimates

	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Significant estimates used in preparing these financial statements include those assumed in estimating the recoverability of the cost of mining claims, accrued remediation costs, asset retirement obligations, stock based compensation, and deferred tax assets and related valuation allowances. Actual results could differ from those estimates.

2_Summary_of_Significant_Accou8

2. Summary of Significant Accounting Policies: Plant, Equipment, and Accumulated Depreciation (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Plant, Equipment, and Accumulated Depreciation	Plant, Equipment, and Accumulated Depreciation

	Plant and equipment are stated at cost, which is determined by cash paid or fair value of the shares of the Company’s common stock issued. The Company’s mill buildings and equipment are located on the Company’s unpatented state mining claims located in the Chandalar mining district of Alaska. All mill buildings and equipment purchased prior to 2009 are fully depreciated. The Company’s equipment is located at the Chandalar property in Alaska, with a small amount of office equipment located at Company offices in Spokane, Washington. Assets are depreciated on a straight-line basis. Improvements which significantly increase an asset’s value or significantly extend its useful life are capitalized and depreciated over the asset’s remaining useful life.

	When a fixed asset is sold at a price either higher or lower than its carrying amount, or undepreciated cost at the date of disposal, the difference between the sale proceeds over the carrying amount is recognized as gain, while a loss is recognized when the carrying amount exceeds the sale proceeds. The gain or loss is recognized in the Consolidated Statements of Operations.

2_Summary_of_Significant_Accou9

2. Summary of Significant Accounting Policies: Mining Properties and Claims (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Mining Properties and Claims	Mining Properties and Claims

	The Company capitalizes costs for acquiring mineral properties and expenses costs to maintain mineral rights and leases as incurred. Should a property reach the production stage, these capitalized costs would be amortized using the units-of-production method on the basis of periodic estimates of ore reserves. Mineral properties are periodically assessed for impairment of value, and any subsequent losses are charged to operations at the time of impairment. If a property is abandoned or sold, its capitalized costs are charged to operations.

Recovered_Sheet1

2. Summary of Significant Accounting Policies: Mine Preparation Costs (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Mine Preparation Costs	Mine Preparation Costs

	Mine preparation costs are expenditures incurred in the exploration stage that may ultimately benefit production are expensed due to the lack of proven and probable reserves, which would indicate future recovery of these expenses. These costs are expensed in the period in which they occur.

Recovered_Sheet2

2. Summary of Significant Accounting Policies: Exploration Costs (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Exploration Costs	Exploration Costs

	Exploration costs are expensed in the period in which they occur.

Recovered_Sheet3

2. Summary of Significant Accounting Policies: Income Taxes (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Income Taxes	Income Taxes

	Income taxes are recognized in accordance with Accounting Standards Codification (“ASC”) 740 Income Taxes, whereby deferred income tax liabilities or assets at the end of each period are determined using the tax rate expected to be in effect when the taxes are actually paid or recovered. A valuation allowance is recognized on deferred tax assets when it is more likely than not that some or all of these deferred tax assets will not be realized. ASC 740 prescribes a recognition threshold and measurement attribute for the recognition and measurement of a tax position taken or expected to be taken in a tax return. The Company has assessed its tax positions and has determined that it has not taken a position that would give rise to an unrecognized tax liability being reported. In the event that the Company is assessed penalties and or interest; penalties will be charged to other operating expense and interest will be charged to interest expense.

Recovered_Sheet4

2. Summary of Significant Accounting Policies: Revenue Recognition (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Revenue Recognition	Revenue Recognition

	Revenue from the sale of gold is recorded net of smelter or refinery treatment and refining charges. Revenue is recognized when persuasive evidence of an arrangement exists, title and risk passes to the buyer, collection is reasonably assured and price is reasonably determinable. When alluvial gold is placed with the smelter, revenue is recognized and cash is remitted for any ounces of alluvial gold sold to the smelter, converted to ounces of fine gold at an assumed smelting loss percentage. Pricing of the sale is at the market price of gold on the date of sale. The number of gold ounces sold at deposit is limited to a certain percentage of the ounces of alluvial gold deposited, as agreed in each case with the smelter. Ounces not sold are smelted and retained in the Company’s inventory in a secured metals account at the smelter. Subsequent sales of gold from inventory are made at then-current market prices, with smelter treatment and refining charges deducted, and net cash proceeds are remitted to the Company.

Recovered_Sheet5

2. Summary of Significant Accounting Policies: Stock-based Compensation (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Stock-based Compensation	Stock-Based Compensation

	The Company periodically issues common shares or options to purchase shares of the Company’s common shares to its officers, directors or other parties. These issuances are recorded at fair value for both the common shares issued and options granted. The Company uses a Black Scholes valuation model for determining fair value of options to purchase shares, and compensation expense is recognized ratably over the vesting periods on a straight line basis. Compensation expenses for grants that vest immediately are recognized in the period of grant.

Recovered_Sheet6

2. Summary of Significant Accounting Policies: Remediation (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Remediation	Remediation

	The Company’s operations have been, and are subject to, standards for mine reclamation that have been established by various governmental agencies. The Company records the fair value of an asset retirement obligation as a liability in the period in which the Company incurs a legal obligation for the retirement of tangible long-lived assets. A corresponding asset is also recorded and depreciated over the life of the long lived asset using a units of production method. After the initial measurement of the asset retirement obligation, the liability will be adjusted at the end of each reporting period to reflect changes in the estimated future cash flows underlying the obligation. Determination of any amounts recognized is based upon numerous estimates and assumptions, including future retirement costs, future inflation rates and the credit-adjusted risk-free interest rates. For non-operating properties, the Company accrues costs associated with environmental remediation obligations when it is probable that such costs will be incurred and they are reasonably estimable. Such costs are based on management’s estimate of amounts expected to be incurred when the remediation work is performed.

Recovered_Sheet7

2. Summary of Significant Accounting Policies: Fair Values of Financial Instruments (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Fair Values of Financial Instruments	Fair Values of Financial Instruments

	The Company discloses the following information for each class of assets and liabilities that are measured at fair value:

	1. The fair value measurement;

	2. the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets or liabilities (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3);

	3. for fair value measurements using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following:

	a. total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings, and a description of where those gains or losses included in earnings are reported in the statement of operations;

	b. the amount of these gains or losses attributable to the change in unrealized gains or losses relating to those assets or liabilities still held at the reporting period date and a description of where those unrealized gains or losses are reported;

	c. purchases, sales, issuances, and settlements (net); and

	d. transfers into and/or out of Level 3

	4. the amount of the total gains or losses for the period included in earnings that are attributable to the change in unrealized gains or losses relating to those assets and liabilities still held at the reporting date and a description of where those unrealized gains or losses are reported in the statement of operations; and

	5. in annual periods only, the valuation technique(s) used to measure fair value and a discussion of changes in valuation techniques, if any, during the period.

	The table below sets forth the Company’s financial assets that were accounted for at fair value on a recurring basis as of December 31, 2014 and 2013:


		Balance	Balance	Input
		31-Dec-14	31-Dec-13	Hierarchy level
	Cash and cash equivalents	$ 206,025	$ 16,993	Level 1

	The carrying amounts of financial instruments including cash and cash equivalents, notes payable in gold, and notes payable approximate fair value at December 31, 2014 and 2013.

Recovered_Sheet8

2. Summary of Significant Accounting Policies: Net Loss Per Share: Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2014
Tables/Schedules
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
	For years ended December 31,	2014	2013
	Convertible preferred stock Series A	1,050,000	1,050,000
	Convertible preferred stock Series B	2,857,142	-
	Stock options	3,500,000	3,315,000
	Warrants	49,276,897	33,849,630
	Total possible dilution	56,684,039	38,214,630

Recovered_Sheet9

2. Summary of Significant Accounting Policies: Fair Values of Financial Instruments: Fair Value, Option, Quantitative Disclosures (Tables)	12 Months Ended
	Dec. 31, 2014
Tables/Schedules
Fair Value, Option, Quantitative Disclosures
		Balance	Balance	Input
		31-Dec-14	31-Dec-13	Hierarchy level
	Cash and cash equivalents	$ 206,025	$ 16,993	Level 1

3_Property_Plant_Equipment_and1

3. Property, Plant, Equipment and Mining Claims: Property, Plant and Equipment (Tables)	12 Months Ended
	Dec. 31, 2014
Tables/Schedules
Property, Plant and Equipment
		2014	2013
	Exploration and mining equipment	$ 1,627,351	$ 1,627,351
	Vehicles and rolling stock	413,678	413,678
	Office and other equipment	65,581	67,318
	Total	2,106,610	2,108,347
	Accumulated depreciation	-1,989,299	-1,834,797

	Equipment, net of depreciation	$ 117,311	$ 273,550

3_Property_Plant_Equipment_and2

3. Property, Plant, Equipment and Mining Claims: Schedule of Mining Properties and Claims (Tables)	12 Months Ended
	Dec. 31, 2014
Tables/Schedules
Schedule of Mining Properties and Claims
		2014	2013
	Chandalar property and claims	$ 264,000	$ 264,000
	2003 purchased claims	35,000	35,000
	Unpatented state claims staked	40,400	40,400
	Asset retirement costs	242,766	242,766
	Total	$ 582,166	$ 582,166

6_Note_Payable_Fair_Value_of_W

6. Note Payable: Fair Value of Warrants issued with notes payable (Tables)	12 Months Ended
	Dec. 31, 2014
Tables/Schedules
Fair Value of Warrants issued with notes payable
	Risk-free interest rate	1.52%
	Expected dividend yield	0
	Expected term (in years)	5
	Expected volatility	157.10%

7_Notes_Payable_in_Gold_Fair_V

7. Notes Payable in Gold: Fair Value of Warrants issued with notes payable in gold (Tables)	12 Months Ended
	Dec. 31, 2014
Tables/Schedules
Fair Value of Warrants issued with notes payable in gold
	Risk-free interest rate	0.29%
	Expected dividend yield	0
	Expected term (in years)	2
	Expected volatility	138.50%

8_Stockholders_Equity_Schedule

8. Stockholders' Equity: Schedule of Stockholders' Equity Note, Warrants or Rights (Tables)	12 Months Ended
	Dec. 31, 2014
Tables/Schedules
Schedule of Stockholders' Equity Note, Warrants or Rights
				Shares			Exercise	Expiration Date
							Price ($)
	Class E Warrants: (Issued for Notes payable in gold)
	Outstanding and exercisable at January 1, 2013		300,018			0.65		March 31, 2014 ⁽¹⁾
	Outstanding and exercisable at December 31, 2013		300,018
	Warrants expired		-300,018
	Outstanding and exercisable at December 31, 2014		0
	Class F Warrants: (Issued for Private Placement)
	Outstanding and exercisable at January 1, 2013		659,663			0.55		March 31, 2014 ⁽¹⁾
	Outstanding and exercisable at December 31, 2013		659,663
	Warrants expired		-659,663
	Outstanding and exercisable at December 31, 2014		0
	Class F-2 Warrants: (Issued for Commissions)
	Outstanding and exercisable at January 1, 2013		599,772			0.2		March 31, 2014 ⁽¹⁾
	Outstanding and exercisable at December 31, 2013		599,772
	Warrants expired		-599,772
	Outstanding and exercisable at December 31, 2014		0
	Class G Warrants: (Issued for Private Placement)
	Outstanding and exercisable at January 1, 2013		4,169,850			0.36		March 31, 2014 ⁽¹⁾
	Outstanding and exercisable at December 31, 2013		4,169,850
	Warrants expired		-4,169,850
	Outstanding and exercisable at December 31, 2014		0
	Class H Warrants: (Issued for Private Placement)
	Outstanding and exercisable at January 1, 2013	5,125,936			0.3			31-May-16
	Outstanding and exercisable at December 31, 2013	5,125,936
	Outstanding and exercisable at December 31, 2014	5,125,936
	Class I Warrants: (Issued for Private Placement)
	Outstanding and exercisable at January 1, 2013	13,906,413			0.4			31-May-16
	Outstanding and exercisable at December 31, 2013	13,906,413
	Outstanding and exercisable at December 31, 2014	13,906,413
	Class J Warrants: (Issued for Private Placement)
	Outstanding and exercisable at January 1, 2013	8,780,478			0.3			29-Jul-16
	Outstanding and exercisable at December 31, 2013	8,780,478
	Outstanding and exercisable at December 31, 2014	8,780,478
	Class K Warrants: (Issued for Notes payable in gold)
	Warrants issued March 29, 2013	307,500			0.4			29-Mar-15
	Outstanding and exercisable at December 31, 2013	307,500
	Outstanding and exercisable at December 31, 2014	307,500
	Class L Warrants: (Issued for Private Placement of Preferred Stock
	Warrants issued January 23, 2014	2,857,142			0.1			23-Jan-19
	Outstanding and exercisable at December 31, 2014	2,857,142
	Class M Warrants: (Issued for Note Payable)
	Warrants issued January 29, 2014	1,735,000			0.15			29-Jan-19
	Outstanding and exercisable at December 31, 2014	1,735,000
	Class N Warrants: (Issued for Private Placement)
	Warrants issued June 6, 2014	7,104,317			0.11			6-Jun-19
	Warrants issued June 30, 2014	4,350,180			0.11			30-Jun-19
	Warrants issued July 18, 2014	2,408,545			0.11			18-Jul-19
	Outstanding and exercisable at December 31, 2014	13,863,042
	Class N-2 Warrants: (Issued for Finders Fees)
	Warrants issued July 18, 2014	2,701,386			0.055			18-Jul-19
	Outstanding and exercisable at December 31, 2014	2,701,386
	Weighted average exercise of warrants outstanding and weighted average exercise price at December 31, 2014	49,276,897			0.25

8_Stockholders_Equity_Sharebas

8. Stockholders' Equity: Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value (Tables)	12 Months Ended
	Dec. 31, 2014
Tables/Schedules
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value
		2014	2013
	Risk-free interest rate	2.17%	1.75%
	Expected dividend yield	0	0
	Expected term (in years)	10	10
	Expected volatility	143%	142.4% - 155.8%

8_Stockholders_Equity_Schedule1

8. Stockholders' Equity: Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding (Tables)	12 Months Ended
	Dec. 31, 2014
Tables/Schedules
Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding
		Shares	Weighted-	Weighted	Aggregate
			Average	Average	Intrinsic
			Exercise Price	Remaining	Value
			(per share)	Contractual
				Term (Years)
	Options outstanding at December 31, 2012	3,570,000	0.28	4.41	$0
	Granted	175,000	0.15
	Forfeited	-430,000	0.21
	Options outstanding at December 31, 2013	3,315,000	$ 0.28	4.41	$0
	Granted	450,000	0.05		$0
	Forfeited	-265,000	0.23
	Options outstanding and exercisable at December 31, 2014
	Options outstanding and exercisable at December 31, 2014	3,500,000	$ 0.26	4.71	$0
	Options available for future grants	1,775,672

9_Asset_Retirement_Obligation_

9. Asset Retirement Obligation: Schedule of Asset Retirement Obligations (Tables)	12 Months Ended
	Dec. 31, 2014
Tables/Schedules
Schedule of Asset Retirement Obligations
		December 31,	December 31,
		2014	2013
	Asset Retirement Obligation – beginning balance	$ 285,850	$ 274,854
	Incurred	-	-
	Accretion	11,432	10,996
	Asset Retirement Obligation - ending balance (long term)	297,282	285,850

11_Income_Taxes_Schedule_of_Co

11. Income Taxes: Schedule of Components of Income Tax Expense (Benefit) (Tables)	12 Months Ended
	Dec. 31, 2014
Tables/Schedules
Schedule of Components of Income Tax Expense (Benefit)
		2014	2013
	Deferred tax assets arising from:
	Capitalized exploration and development costs	$ 198,000	$ 284,000
	Unrecovered promotional and exploratory costs	161,000	161,000
	Non-deductible accrued remediation costs	422,000	169,000
	Non-deductible share based compensation	399,000	357,000
	Net operating loss carryforwards	10,201,000	9,592,000
	Total deferred tax assets	11,381,000	10,563,000
	Less valuation allowance	-11,381,000	-10,563,000
	Net deferred tax assets	$ 0	$ 0

11_Income_Taxes_Schedule_of_Ef

11. Income Taxes: Schedule of Effective Income Tax Rate Reconciliation (Tables)	12 Months Ended
	Dec. 31, 2014
Tables/Schedules
Schedule of Effective Income Tax Rate Reconciliation
		2014		2013
	Federal income tax benefit based on statutory rate	($664,000)	34.00%	$ (660,000)	34.00%
	State income tax benefit net of federal taxes	-176,000	9.00%	-174,000	9.00%
	Nondeductible meals and entertainment	2,000	-0.10%	2,000	-0.10%
	Nondeductible expense for options to employees	20,000	-1.00%	18,000	-1.00%
	Increase in valuation allowance	818,000	-41.90%	814,000	-41.90%
	Total taxes on income (loss)	$ 0	-%	$ 0	-%

12_Commitments_and_Contingenci1

12. Commitments and Contingencies: Patented and nonpatented claims, annual costs (Tables)	12 Months Ended
	Dec. 31, 2014
Tables/Schedules
Patented and nonpatented claims, annual costs
		30-Nov-15	30-Nov-16
	Claims Rental	$ 83,570	$ 84,770
	Annual Labor	61,100	61,100
	Yearly Totals	$ 144,670	$ 145,870

1_Organization_and_Description1

1. Organization and Description of Business (Details)	12 Months Ended
1. Organization and Description of Business (Details)	Dec. 31, 2014
Details
Going Concern Note	Going Concern The accompanying consolidated financial statements have been prepared under the assumption that the Company will continue as a going concern. The Company has incurred losses since its inception and does not have sufficient cash to fund normal operations and meet debt obligations for the next 12 months without deferring payment on certain current liabilities and/or raising additional funds. The Company currently has no historical recurring source of revenue and its ability to continue as a going concern is dependent on the Company’s ability to raise capital to fund its future exploration and working capital requirements or its ability to profitably execute its business plan. The Company’s plans for the long-term return to and continuation as a going concern include the profitable exploitation of its mining properties and financing the Company’s future operations through sales of its common stock and/or debt. Additionally, the current capital markets and general economic conditions in the United States are significant obstacles to raising the required funds. These factors raise substantial doubt about the Company’s ability to continue as a going concern. The consolidated financial statements do not include any adjustments that might be necessary should the Company be unable to continue as a going concern. If the going concern basis were not appropriate for these financial statements, adjustments would be necessary in the carrying value of assets and liabilities, the reported expenses and the balance sheet classifications used.

Recovered_Sheet10

2. Summary of Significant Accounting Policies: Net Loss Per Share: Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Details
Convertible preferred stock series A	1,050,000	1,050,000
Convertible preferred stock series B	2,857,142
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	3,500,000	3,315,000
Incremental Common Shares Attributable to Dilutive Effect of Call Options and Warrants	49,276,897	33,849,630
Dilutive Securities, Effect on Basic Earnings Per Share	$56,684,039	$38,214,630

Recovered_Sheet11

2. Summary of Significant Accounting Policies: Fair Values of Financial Instruments: Fair Value, Option, Quantitative Disclosures (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Details
Cash and cash equivalents	$206,025	$16,993	$44,395

3_Property_Plant_Equipment_and3

3. Property, Plant, Equipment and Mining Claims: Property, Plant and Equipment (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Details
Exploration and mining equipment	$1,627,351	$1,627,351
Vehicles and rolling stock	413,678	413,678
Office and other equipment	65,581	67,318
Property, Plant and Equipment, Gross	2,106,610	2,108,347
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment, Excluding Capital Leased Assets	-1,989,299	-1,834,797
Property, Plant, and Equipment, Owned, Net	$117,311	$273,550

3_Property_Plant_Equipment_and4

3. Property, Plant, Equipment and Mining Claims (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Details
Assets depreciated at three to five years	$1,342,911	$1,344,648
Assets depreciated at seven to ten years	763,699	763,699
Depreciation, Total	$156,485	$253,819

3_Property_Plant_Equipment_and5

3. Property, Plant, Equipment and Mining Claims: Schedule of Mining Properties and Claims (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Details
Property and claims	$264,000	$264,000
Purchased claims	35,000	35,000
Unpatented state claims staked	40,400	40,400
Asset retirement costs	242,766	242,766
Property, Plant and Equipment, Other, Gross	$582,166	$582,166

5_Joint_Ventures_Details

5. Joint Ventures (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Details
Investment in joint venture	$55,300	$55,300

6_Related_Party_Transactions_D

6. Related Party Transactions (Details) (USD $)	12 Months Ended
6. Related Party Transactions (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Details
Related Party Transaction, Due from (to) Related Party		$115,000
Interest Expense, Related Party		11,338
Related Party Transaction, Amounts of Transaction	496	17,556
Consultant and director fees		87,900
Additional consultant and director fees		21,490
Shares issued to consulting directors	1,650,000	150,000
Options issued to consulting directors	450,000	150,000
Fair value stock and options issued to consulting directors	96,300	18,700
Share-based Compensation, Total	$143,075	$58,975

6_Note_Payable_Details

6. Note Payable (Details) (USD $)	12 Months Ended
6. Note Payable (Details) (USD $)	Dec. 31, 2014	Jan. 24, 2014	Dec. 31, 2013
Details
Unsecured Debt	$300,000	$300,000
Interest paid on unsecured note	41,610
Unsecured Debt	300,000	300,000
Discount on unsecured note	15,000
Proceeds from Unsecured Notes Payable	285,000
Warrants issued with unsecured note	1,735,000
Finders fees related to unsecured note	9,000
Placement costs related to unsecured note	45,511
Deferred Finance Costs, Net	54,511		44,143
Fair value warrants issued with unsecured note	41,795
Unsecured Debt, Total	300,000	300,000
Debt Instrument, Unamortized Discount	42,832
Unsecured debt, net	$257,168

6_Note_Payable_Fair_Value_of_W1

6. Note Payable: Fair Value of Warrants issued with notes payable (Details)	0 Months Ended	12 Months Ended
	Jan. 24, 2014	Dec. 31, 2013
Details
Fair Value Assumptions, Risk Free Interest Rate	1.52%	0.29%
Fair Value Assumptions, Expected Dividend Rate	0.00%	0.00%
Fair Value Assumptions, Expected Term	5 years
Fair Value Assumptions, Expected Volatility Rate	157.10%	138.50%

7_Notes_Payable_in_Gold_Detail

7. Notes Payable in Gold (Details) (USD $)	12 Months Ended
7. Notes Payable in Gold (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Details
Principal amount of notes payable in gold		$820,000
Discount on notes payable in gold		205,000
Proceeds from notes payable in gold and warrants, net		615,000
Finders fees related to notes payable in gold		42,000
Placement costs related to notes payable in gold		2,143
Deferred Finance Costs, Net	54,511	44,143
Warrants issued with notes payable in gold	307,500
Warrants with notes payable in gold, exercise price		$0.40
Warrants issued with notes payable in gold		7,590
Gain on extinguishment of debt	165,662
Notes payable in gold	$576,696	$701,729

7_Notes_Payable_in_Gold_Fair_V1

7. Notes Payable in Gold: Fair Value of Warrants issued with notes payable in gold (Details)	0 Months Ended	12 Months Ended
	Jan. 24, 2014	Dec. 31, 2014	Dec. 31, 2013
Details
Fair Value Assumptions, Risk Free Interest Rate	1.52%		0.29%
Fair Value Assumptions, Expected Dividend Rate	0.00%		0.00%
Share based compensation arrangement by share based payment award fair value assumptions expected term		2
Fair Value Assumptions, Expected Volatility Rate	157.10%		138.50%

8_Stockholders_Equity_Details

8. Stockholders' Equity (Details) (USD $)	12 Months Ended
8. Stockholders' Equity (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Details
Private placement of common stock and warrants	27,726,090
Per share price private placement common stock and warrants	$0.06
Private placement common stock and warrants, net proceeds	$1,371,023
Private placement common stock and warrants, officers and directors	1,424,454
Private placement common stock and warrants, officers and directors, value	78,345
Preferred stock issued for cash	200
Proceeds from Issuance of Preferred Stock and Preference Stock	200,000
Warrants issued with preferred stock	2,857,142
Per share price of warrants issued with preferred stock	$0.10
Fair value of warrants issued with preferred stock	92,242
Convertible preferred stock series A; 5% cumulative dividends, no par value, 1,000,000 shares authorized; 175,000 shares issued and outstanding, $350,000 liquidation preferences	175,000	175,000
Shares available for grant under stock option plan	1,775,672
Shares issued or exercised under stock option plan	4,275,000
Options outstanding under stock option plan	3,500,000
Stock based compensation	$143,075	$58,975

8_Stockholders_Equity_Schedule2

8. Stockholders' Equity: Schedule of Stockholders' Equity Note, Warrants or Rights (Details) (USD $)	Dec. 31, 2014
Details
All classes of warrants outstanding	49,276,897
Weighted average exercise price of warrants	$0.25

8_Stockholders_Equity_Sharebas1

8. Stockholders' Equity: Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value (Details)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Details
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	2.17%	1.75%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate	0.00%	0.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	143.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Maximum		142.40%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Minimum		155.80%

8_Stockholders_Equity_Schedule3

8. Stockholders' Equity: Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding (Details) (USD $)	9 Months Ended		12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Details
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number			3,500,000	3,315,000	3,570,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price			$0.26	$0.28	$0.28
Weighted Averate Remaining Term			4.71	4.41	4.41
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures			450,000	175,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value			$0.05	$0.15
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period	-265,000	-430,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period, Weighted Average Exercise Price	$0.23	$0.21
Options available for future grants			1,775,672

9_Asset_Retirement_Obligation_1

9. Asset Retirement Obligation: Schedule of Asset Retirement Obligations (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Details
Costs Incurred, Asset Retirement Obligation Incurred	$297,282	$285,850	$274,854
Costs Incurred, Asset Retirement Obligation Incurred	297,282	285,850	274,854
Accretion Expense	$11,432	$10,996

10_Remediation_Details

10. Remediation (Details) (USD $)	12 Months Ended
10. Remediation (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Details
Accrued remediation expense	$928,000	$350,000

11_Income_Taxes_Schedule_of_Co1

11. Income Taxes: Schedule of Components of Income Tax Expense (Benefit) (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Details
Deferred Tax Assets, Capital Loss Carryforwards	$198,000	$284,000
Deferred Tax Assets, Other Loss Carryforwards	161,000	161,000
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Amount	422,000	169,000
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Share-based Compensation Cost, Amount	399,000	357,000
Unrecognized Tax Benefits Resulting in Net Operating Loss Carryforward	10,201,000	9,592,000
Deferred Tax Assets, Gross	11,381,000	10,563,000
Deferred Tax Assets, Valuation Allowance	-11,381,000	-10,563,000
Deferred Tax Assets, Net of Valuation Allowance	$0	$0

11_Income_Taxes_Details

11. Income Taxes (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Details
Deferred Tax Assets, Tax Credit Carryforwards	$23.70	$23.70

11_Income_Taxes_Schedule_of_Ef1

11. Income Taxes: Schedule of Effective Income Tax Rate Reconciliation (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Details
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount	($664,000)	($660,000)
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	34.00%
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Amount	-176,000	-174,000
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Percent	9.00%	9.00%
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Meals and Entertainment, Amount	2,000	2,000
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Meals and Entertainment, Percent	-0.10%	-0.10%
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Other, Amount	20,000	18,000
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Other, Percent	-1.00%	-1.00%
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount	818,000	814,000
Effective Income Tax Rate Reconciliation,Other Reconciling Items, Percent	-41.90%	-41.90%
Income Tax Expense (Benefit)	$0	$0

12_Commitments_and_Contingenci2

12. Commitments and Contingencies: Patented and nonpatented claims, annual costs (Details) (USD $)	Nov. 30, 2016	Nov. 30, 2015
Details
Claims rental	$84,770	$83,570
Annual labor requirement	61,100	61,100
Non-patented claims expense	$145,870	$144,670

13_Subsequent_Events_Details

13. Subsequent Events (Details)	12 Months Ended
13. Subsequent Events (Details)	Dec. 31, 2014
Event 1
Subsequent Event, Description	the Company sold 5,000,000 million units (“Units”) at a price of $0.05 per Unit for total aggregate proceeds of US$250,000
Event 2
Subsequent Event, Description	the Company entered into an agreement with a third-party contractor to complete the remediation of the mine waste road built in 2010 at the open pit mining operations on Little Squaw Creek for $878,000.