Goldrich Mining (GRMC) 10-K 14 Apr 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2015	Mar. 31, 2016	Jun. 30, 2015
Entity Registrant Name	Goldrich Mining Company
Document Type	10-K
Document Period End Date	Dec. 31, 2015
Amendment Flag	false
Entity Central Index Key	59,860
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		131,232,809
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	2,015
Document Fiscal Period Focus	FY
Entity Public Float			$ 4,736,130
Trading Symbol	grmc
Entity Incorporation, State Country Name	State of Alaska
Entity Incorporation, Date of Incorporation	Mar. 26, 1959

Goldrich Mining Company Consoli

Goldrich Mining Company Consolidated Balance Sheets - USD ($)		Dec. 31, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents		$ 78,609	$ 206,025
Gold inventory		2,433	71,021
Prepaid expenses		77,179	70,136
Deferred financing costs		13,539	28,161
Other current assets		49,176	56,731
Total current assets		220,936	432,074
Property, equipment, and mining claims:
Equipment, net of accumulated depreciation		47,886	117,311
Mining properties and claims		582,166	582,166
Total property, equipment and mining claims		630,052	699,477
Investment in joint venture			55,300
Total assets		850,988	1,186,851
Current liabilities:
Accounts payable and accrued liabilities		219,723	272,947
Related party payable		96,824	73,659
Accrued remediation			878,000
Notes payable in gold		509,568	576,696
Dividends payable on preferred stock		30,618	22,083
Total current liabilities		856,733	1,823,385
Long-term liabilities:
Remediation and asset retirement obligation		359,173	347,282
Note payable, net of discount		278,962	257,168
Total long-term liabilities		638,135	604,450
Total liabilities		1,494,868	2,427,835
Commitments and contingencies	[1]	0	0
Stockholders' deficit:
Preferred stock; no par value, 8,999,450 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; 150,000 and 175,000 shares issued and outstanding, respectively,$300,000 liquidation preferences		150,000	175,000
Convertible preferred stock series B; no par value, 300 shares authorized, 200 shares issued and outstanding, $200,000 liquidation preference		57,758	57,758
Convertible preferred stock series C; no par value, 250 shares authorized, issued and outstanding, $250,000 liquidation preference		52,588
Common stock; $0.10 par value, 250,000,000 shares authorized; 131,232,809 and 126,082,809 issued and outstanding, respectively		13,123,281	12,608,281
Additional paid-in capital		13,384,498	13,380,145
Accumulated deficit		(27,412,005)	(27,462,168)
Total stockholders' deficit		(643,880)	(1,240,984)
Total liabilities and stockholders' deficit		$ 850,988	$ 1,186,851
[1]	Note 9, 10, 12

Statement of Financial Position

Statement of Financial Position - Parenthetical - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Statement of financial position
Preferred Stock, Par Value	$ 0	$ 0
Preferred Stock, Shares Authorized	8,999,450	8,999,450
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	150,000	175,000
Convertible preferred stock series A, shares outstanding	150,000	175,000
Liquidation preference	$ 300,000	$ 350,000
Convertible preferred stock series B, no par value, shares authorized	300	300
Convertible preferred stock series B, shares issued	200	200
Convertible preferred stock series B, shares outstanding	200	200
Liquidation preference, additional series	$ 200,000	$ 200,000
Convertible preferred stock series C no par value, shares authorized	250
Convertible preferred stock series C, shares issued	250
Convertible preferred stock series C, shares outstanding	250
Liquidation preference, series C	$ 250,000
Common Stock, Par Value	$ 0.10	$ 0.10
Common Stock, Shares Authorized	250,000,000	250,000,000
Common Stock, Shares Issued	131,232,809	126,082,809
Common Stock, Shares Outstanding	131,232,809	126,082,809

Goldrich Mining Company Consol4

Goldrich Mining Company Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Operating expenses:
Mine preparation costs		$ 44,754
Exploration	$ 128,424	276,779
Depreciation	69,425	156,485
Management fees and salaries	234,938	278,219
Professional services	70,131	80,234
General and administrative	254,687	265,364
Directors' fees	34,800	139,000
Mineral property maintenance	76,246	68,878
Change in remediation estimate	(117,236)	578,000
Gain on sale of GNP cash distribution interest	(930,892)
Loss on disposal of equipment		1,906
Loss on sale of gold purchased to satisfy notes payable in gold	8,476
Total operating (income) expenses	(171,001)	1,889,619
Other (income) expense:
Interest and other income	(159)	(205)
Interest expense and finance costs	120,997	229,631
Gain on extinguishment of debt		(165,662)
Total other (income) expense	120,838	63,764
Net income (loss)	50,163	(1,953,383)
Deemed dividend on Series C Preferred stock	(81,250)
Preferred dividends	(8,236)	(58,872)
Net loss available to common stockholders	$ (39,323)	$ (2,012,255)
Net loss per common share - basic and diluted	$ 0	$ 0.02
Weighted average common shares outstanding-basic and diluted	129,975,625	109,484,919

Goldrich Mining Company Consol5

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	Accumulated Deficit	Total
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				57,758	142,242		200,000
Issuance of Series B preferred shares, net, shares			200
Warrants issued with Note Payable, net					41,795		41,795
Issuance of common shares, net, value		2,772,609			(1,401,586)		1,371,023
Issuance of common shares, 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 Income (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
Warrants issued with GNP 12% distribution interest					88,644		88,644
Conversion of Series A Preferred to common shares, value		15,000		(25,000)	10,000
Conversion of Series A Preferred to common shares, stock	150,000		(25,000)
Dividends paid on converted Series A Preferred shares					(8,535)		(8,535)
Issuance of Series C Preferred shares and warrants, net				52,588	172,412		225,000
Issuance of Series C Preferred shares and warrants, net, stock			250
Issuance of common shares, net, value		500,000			(258,168)		241,832
Issuance of common shares, net, shares	5,000,000
Net Income (Loss)						50,163	50,163
Stockholders' Equity at Dec. 31, 2015		$ 13,123,281		$ 260,346	$ 13,384,498	$ (27,412,005)	$ (643,880)
Shares issued at Dec. 31, 2015	131,232,809		150,450

Goldrich Mining Company Consol6

Goldrich Mining Company Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Cash flows from operating activities:
Net income (loss)	$ 50,163	$ (1,953,383)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation	69,425	156,485
Loss on sale of gold purchased	8,476
Loss on disposal of equipment and mining property		1,464
Gain on sale of GNP cash distribution interest	(930,892)
Stock based compensation		143,075
Gain on extinguishment of debt		(165,662)
Change in remediation estimate	(117,236)
Amortization of discount on note payable and notes payable in gold	17,215	142,120
Amortization of deferred financing costs	14,622	40,097
Accretion of asset retirement obligation	11,891	11,432
Change in:
Prepaid expenses	(7,043)	(11,356)
Gold inventory	60,112	(68,656)
Other current assets	7,555	(6,277)
Accounts payable and accrued liabilities	(53,224)	(330,231)
Related party deferred compensation		(115,000)
Related party payable	23,165	44,765
Accrued remediation costs	(760,764)	578,000
Net cash used - operating activities	(1,606,535)	(1,533,127)
Cash flows from investing activities:
Proceeds from the sale of GNP Distribution interest	1,074,836
Purchases of equipment		(1,711)
Net cash provided (used) - investing activities	1,074,836	(1,711)
Cash flows from financing activities:
Payments on notes payable in gold	(62,549)	(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	241,832	1,371,023
Proceeds from issuance of note payable with warrants		285,000
Proceeds from issuance of preferred stock and warrants, net of offering costs	225,000	200,000
Financing costs of note payable		(54,511)
Net cash provided - financing activities	404,283	1,723,870
Net increase (decrease) in cash and cash equivalents	(127,416)	189,032
Cash and cash equivalents, beginning of year	206,025	16,993
Cash and cash equivalents, end of year	78,609	206,025
Supplemental disclosures of cash flow information:
Cash paid for interest	89,166	47,413
Non-cash investing and financing activities:
Warrants issued with notes payable		41,795
Beneficial conversion feature on preferred stock	81,250	50,000
Warrants issued with preferred stock	116,162	$ 92,242
Issuance of common stock upon conversion of preferred shares	25,000
Dividend paid on preferred stock	$ 8,535

Organization, Consolidation and

Organization, Consolidation and Presentation of Financial Statements Disclosure	12 Months Ended
	Dec. 31, 2015
Notes
Organization, Consolidation and Presentation of Financial Statements Disclosure	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 2015, 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, 2015
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 Consolidation of and Accounting for Subsidiaries The consolidated financial statements include the accounts of the Company and the accounts of its 100% owned subsidiary Goldrich Placer, LLC. This subsidiary is included in the accompanying financial statements by consolidation of the Statements of Operations and the Balance Sheets as of December 31, 2015 and December 31, 2014, 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 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. Earnings (Loss) Per Share We are authorized to issue 250,000,000 shares of common stock, $0.10 par value per share. At December 31, 2015, there were 131,232,809 shares of our common stock issued and outstanding. The following table reconciles weighted average shares outstanding used in computations of basic and diluted earnings (loss) per share for the twelve-month period ended December 31, 2015 and 2014: December 31, December 31, 2015 2014 Numerator: Net income (loss) $ 50,163 $ (1,953,383) Deemed dividend on Series C Preferred stock (81,250) Preferred dividends (8,236) (58,872) Net income (loss) available to common stockholders $ (39,323) $ (2,012,255) Denominator: Basic and diluted weighted average common shares $ 129,975,625 $ 109,484,919 Basic earnings (loss) per common share: Net income (loss) per common share – basic and diluted $ (0.00) $ (0.02) For the years December 31, 2015 and 2014, the effect of the Company’s outstanding preferred shares, options and warrants would have been anti-dilutive. Recent Accounting Pronouncements In April 2015, the FASB issued ASU No. 2015-03, “Interest Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs”. The provisions of ASU No. 2015-03 require companies to present debt issuance costs the same way they currently present debt discounts, as a direct deduction from the carrying value of that debt liability. ASU 2015-03 does not impact the recognition and measurement guidance for debt issuance costs. The guidance in the ASU is effective for fiscal years beginning after December 15, 2015. Early adoption is allowed. The Company is currently assessing the impact of ASU No. 2015-03 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’ deficit or cash flows. 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. Property, Equipment, and Accumulated Depreciation Property 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 property and equipment are located on the Company’s unpatented state mining claims located in the Chandalar mining district of Alaska. All property 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 Value Measurements 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. Financial Instruments 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, 2015 and 2014: Balance December 31, 2015 Balance December 31, 2014 Input Hierarchy level Cash and cash equivalents $ 78,609 $ 206,025 Level 1 The carrying amounts of financial instruments including notes payable in gold, and notes payable approximate fair value at December 31, 2015 and 2014.

3. Property, Equipment and Mini

3. Property, Equipment and Mining Claims	12 Months Ended
	Dec. 31, 2015
Notes
3. Property, Equipment and Mining Claims	3. PROPERTY, EQUIPMENT AND MINING CLAIMS Equipment At December 31, 2015 and 2014, the Company’s equipment classifications were as follows: 2015 2014 Exploration and mining equipment $ 1,627,351 $ 1,627,351 Vehicles and rolling stock 413,678 413,678 Office and other equipment 65,548 65,581 Total 2,106,577 2,106,610 Accumulated depreciation (2,058,691) (1,989,299) Equipment, net of depreciation $ 47,886 $ 117,311 Of the Company’s assets, $1,342,879 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 $69,425 for 2015. Assets of $1,342,911 and $763,699 being depreciated over corresponding periods, respectively, resulted in total depreciation of $156,485 for 2014. Mining Properties and Claims At December 31, 2015 and 2014, the Company’s mining properties and claims were as follows: 2015 2014 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 will be amortized over the related long lived asset using a units of production method. No significant production occurred during 2015 and 2014. Accordingly no amortization of these costs has been recorded for 2015 and 2014.

4. Joint Venture

4. Joint Venture	12 Months Ended
	Dec. 31, 2015
Notes
4. Joint Venture	4. JOINT VENTURE On May 7, 2012, the Company entered into a joint venture 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. 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. In addition, the GNP must also meet the minimum production requirements as defined by the operating agreement. The minimum production requirement for each year is determined by the price of gold on December 1 in the preceding year. The minimum production requirement for 2016 is 1,100 ounces of fine gold to each Goldrich and NyacAU. The minimum production requirements for 2016, 2017 and 2018 must be paid in 2018 and, each year thereafter, the annual minimum production requirements shall be met if GNP distributes an average of a minimum of fifteen hundred (1,500 ounces) per year to each member of GNP over a rolling three-year period, subject to modification based on the price of gold. If the price of gold falls below $1,500 per ounce, the annual minimum production requirement of 1,500 ounces of gold will be reduced one hundred (100) ounces for each one hundred dollars per ounce decrease in the price, to the minimum price of one thousand dollars ($1,000). If the price of gold falls below one thousand dollars ($1,000) per ounce on December 1 in any year, there will be no minimum production required for the next year and such year will be eliminated from the average minimum calculation. If the minimum production requirements are not met, GNP shall be dissolved unless agreed in writing by the members. On June 23, 2015, the Company raised net proceeds of $1.1 million through the sale of 12% of the cash flows Goldrich receives in the future from its interest in GNP (“Distribution Interest”) to Chandalar Gold, LLC (“CGL”), a non-related entity. Goldrich retained its ownership of its 50% interest in GNP but, after the transaction, subject to the terms of the GNP operating agreement, Goldrich will effectively receive approximately 44% and CGL will receive 6% (12% of Goldrich’s 50% of GNP = 6%) of any cash distributions produced by GNP. As part of the purchase, CGL received 2,250,000 Series P Warrants and an option to acquire an additional 10% Distribution Interest in the cash flows Goldrich receives from its interest in GNP. Each Series P Warrant is exercisable to purchase one share of common stock of the Company at $0.07, for a period of five (5) years. The Distribution Interest option to purchase an additional 10% of Goldrich’s future cash flow from GNP must be exercised before July 1, 2016 in consideration of a one-time cash payment of $1.3 million. Should the option be exercised, Goldrich would effectively receive, subject to the terms of the GNP operating agreement, approximately 38.5% and CGL would receive 11% (22% of Goldrich’s 50% of GNP = 11%) of any cash distributions produced by GNP. The lead agent for the sale received a commission equal to 5% of gross proceeds raised, was granted a perpetual undivided 0.5% interest in distributions paid out by GNP to Goldrich, and was issued 1.2 million Series P-2 Warrants. Each Series P-2 Warrant is exercisable into one share of common stock of the Company for a period of five (5) years at a price of $0.05 per share. Should CGL exercise its option, the same fee structure would apply as above, including an additional 0.5% interest in distributions paid out by GNP to Goldrich. The gross fair values of the Series P and Series P-2 warrants were estimated on the issue date at $110,250 and $60,000, respectively, using the following weighted average assumptions: Risk-free interest rate 1.71% Expected dividend yield 0 Expected term (in years) 5 Expected volatility 141.7% After applying the out of pocket costs of sale of $125,164 and recognizing the relative fair value of the Series P Warrants of $88,644, the Company recognized a gain of $930,892 on the sale of the joint venture cash distribution interest after applying an adjustment of $55,300 of the Investment in joint venture asset, reducing it to $nil at December 31, 2015.

6. Related Party Transactions

6. Related Party Transactions	12 Months Ended
	Dec. 31, 2015
Notes
6. Related Party Transactions	5. RELATED PARTY TRANSACTIONS An amount of $4,969 was accrued for fees due to the Company’s Chief Financial Officer (“CFO”) at December 31, 2014 and paid during the year ended December 31, 2015. An amount of $8,726 has been accrued for fees at December 31, 2015. These amounts are included in related party payable. A total of $68,690 had been accrued for consultants and directors’ fees at December 31, 2014. For the year ended December 31, 2015, the Company paid $15,392, and an additional $19,408 has been accrued for services performed during the period, which is included in accounts payable. 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

6. Note Payable

6. Note Payable	12 Months Ended
	Dec. 31, 2015
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 $45,000 had been paid and expensed during the year ended December 31, 2015, compared to $41,610 for 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. 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 on January 24, 2014, 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, 2015). One the date of inception, one percent point of the three percentage points of commissions, or $3,000, was paid on the 2014 cash proceeds to a director of the Company, with a like percentage to be paid on any future cash proceeds from the lending arrangement. On the same date, three percentage points of the eight percentage points of the warrants, or 60,000 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 157.1% 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, 2015, the Company had outstanding total notes payable of $300,000 less remaining unamortized discounts of $21,038 for a net liability of $278,962. 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 2013 by our joint venture partner, which was subsequently released during the quarter ended March 31, 2014. At December 31, 2015, 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, 2015
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, which was fully amortized at the original maturity date in November 2014. 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 significant terms: · · · 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. On November 30, 2015, the Company again renegotiated terms with the holders. A default condition arising from the non-delivery of the gold in 2015 was alleviated by agreements with the other three note holders to extend the delivery date of gold to November 30, 2016, with the following significant terms: · · · The amendments to the notes have been accounted for as a debt modification because the changes were not considered substantial. At December 31, 2015, the Company had outstanding total notes payable in gold of $509,568, representing 394.788 ounces of fine gold deliverable at November 30, 2016. At December 31, 2014, the Company had outstanding total notes payable in gold of $576,696, representing 446.788 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.

9. Asset Retirement Obligation

9. Asset Retirement Obligation	12 Months Ended
	Dec. 31, 2015
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, 2015 December 31, 2014 Asset Retirement Obligation – beginning balance $ 297,282 $ 285,850 Incurred - - Accretion 11,891 11,432 Asset Retirement Obligation - ending balance (long term) $ 309,183 $ 297,282

10. Remediation

10. Remediation	12 Months Ended
	Dec. 31, 2015
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 was classified as a current liability. Remediation work was performed during the year ended December 31, 2015. The existing accruals of $9,173 and $928,000 at December 31, 2015 and 2014, respectively, 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 is included in the Asset Retirement Obligation computation.

Income Tax Disclosure

Income Tax Disclosure	12 Months Ended
	Dec. 31, 2015
Notes
Income Tax Disclosure	11. INCOME TAXES The Company did not recognize a tax provision for the years ended December 31, 2015 and 2014. Following are the components of deferred tax assets and allowances at December 31, 2015 and 2014: 2015 2014 Deferred tax assets arising from: Capitalized exploration and development costs $ 102,000 $ 198,000 Unrecovered promotional and exploratory costs 161,000 161,000 Accrued remediation costs 50,000 422,000 Share based compensation 399,000 399,000 Net operating loss carryforwards 10,319,000 9,935,000 Total deferred tax assets 11,031,000 11,115,000 Less valuation allowance (11,031,000) (11,115,000) 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, 2015, the Company had federal and state tax-basis net operating loss carryforwards totaling $24.6 million and $21.8 million, respectively, compared with federal and state tax-basis net operating loss carryforwards totaling $25.0 million and $21.1 million for the period ended December 31, 2014. These net operating losses will expire in various amounts from 2019 through 2035. 2015 2014 Federal income tax benefit based on statutory rate $ 17,000 34.0% $ (664,000) 34.0% State income tax benefit net of federal taxes 2,000 3.1% (176,000) 9.0% Nondeductible meals and entertainment 1,000 0.1% 2,000 (0.1)% Nondeductible expense for options to employees - - % 20,000 (1.0)% Revision of NOL estimates 64,000 128.0 % - -% Increase in valuation allowance (84,000) (165.2)% 818,000 (41.9)% Total taxes on income (loss) $ 0 -% $ - 0% The Company has no unrecognized tax benefits as of December 31, 2015 or 2014. 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 2015 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, 2015
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 2016 and 2017. November 30, 2016 November 30, 2017 Claims Rental $ 84,770 $ 90,570 Annual Labor 61,100 61,100 Yearly Totals $ 145,870 $ 151,670 The Company has a carryover to 2016 of approximately $20.8 million to satisfy its annual labor requirements. This carryover expires in the years 2016 through 2021 if unneeded to satisfy requirements in those years.

2. Summary of Significant Acc18

2. Summary of Significant Accounting Policies: Cash and Cash Equivalents (Policies)	12 Months Ended
	Dec. 31, 2015
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

2. Summary of Significant Acc19

2. Summary of Significant Accounting Policies: Consolidation of and Accounting For Subsidiaries (Policies)	12 Months Ended
	Dec. 31, 2015
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 subsidiary Goldrich Placer, LLC. This subsidiary is included in the accompanying financial statements by consolidation of the Statements of Operations and the Balance Sheets as of December 31, 2015 and December 31, 2014, with all intercompany balances and investment accounts eliminated.

2. Summary of Significant Acc20

2. Summary of Significant Accounting Policies: Accounting For Investments in Joint Ventures (Policies)	12 Months Ended
	Dec. 31, 2015
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 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 Acc21

2. Summary of Significant Accounting Policies: Earnings (loss) Per Share (Policies)	12 Months Ended
	Dec. 31, 2015
Policies
Earnings (loss) Per Share	Earnings (Loss) Per Share We are authorized to issue 250,000,000 shares of common stock, $0.10 par value per share. At December 31, 2015, there were 131,232,809 shares of our common stock issued and outstanding. The following table reconciles weighted average shares outstanding used in computations of basic and diluted earnings (loss) per share for the twelve-month period ended December 31, 2015 and 2014: December 31, December 31, 2015 2014 Numerator: Net income (loss) $ 50,163 $ (1,953,383) Deemed dividend on Series C Preferred stock (81,250) Preferred dividends (8,236) (58,872) Net income (loss) available to common stockholders $ (39,323) $ (2,012,255) Denominator: Basic and diluted weighted average common shares $ 129,975,625 $ 109,484,919 Basic earnings (loss) per common share: Net income (loss) per common share – basic and diluted $ (0.00) $ (0.02) For the years December 31, 2015 and 2014, the effect of the Company’s outstanding preferred shares, options and warrants would have been anti-dilutive.

2. Summary of Significant Acc22

2. Summary of Significant Accounting Policies: New Accounting Pronouncements, Policy (Policies)	12 Months Ended
	Dec. 31, 2015
Policies
New Accounting Pronouncements, Policy	Recent Accounting Pronouncements In April 2015, the FASB issued ASU No. 2015-03, “Interest Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs”. The provisions of ASU No. 2015-03 require companies to present debt issuance costs the same way they currently present debt discounts, as a direct deduction from the carrying value of that debt liability. ASU 2015-03 does not impact the recognition and measurement guidance for debt issuance costs. The guidance in the ASU is effective for fiscal years beginning after December 15, 2015. Early adoption is allowed. The Company is currently assessing the impact of ASU No. 2015-03 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 Acc23

2. Summary of Significant Accounting Policies: Reclassifications (Policies)	12 Months Ended
	Dec. 31, 2015
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’ deficit or cash flows.

2. Summary of Significant Acc24

2. Summary of Significant Accounting Policies: Use of Estimates (Policies)	12 Months Ended
	Dec. 31, 2015
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 Acc25

2. Summary of Significant Accounting Policies: Plant, Equipment, and Accumulated Depreciation (Policies)	12 Months Ended
	Dec. 31, 2015
Policies
Plant, Equipment, and Accumulated Depreciation	Property, Equipment, and Accumulated Depreciation Property 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 property and equipment are located on the Company’s unpatented state mining claims located in the Chandalar mining district of Alaska. All property 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 Acc26

2. Summary of Significant Accounting Policies: Mining Properties and Claims (Policies)	12 Months Ended
	Dec. 31, 2015
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.

2. Summary of Significant Acc27

2. Summary of Significant Accounting Policies: Mine Preparation Costs (Policies)	12 Months Ended
	Dec. 31, 2015
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.

2. Summary of Significant Acc28

2. Summary of Significant Accounting Policies: Exploration Costs (Policies)	12 Months Ended
	Dec. 31, 2015
Policies
Exploration Costs	Exploration Costs Exploration costs are expensed in the period in which they occur.

2. Summary of Significant Acc29

2. Summary of Significant Accounting Policies: Income Taxes (Policies)	12 Months Ended
	Dec. 31, 2015
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.

2. Summary of Significant Acc30

2. Summary of Significant Accounting Policies: Revenue Recognition (Policies)	12 Months Ended
	Dec. 31, 2015
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.

2. Summary of Significant Acc31

2. Summary of Significant Accounting Policies: Stock-based Compensation (Policies)	12 Months Ended
	Dec. 31, 2015
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.

2. Summary of Significant Acc32

2. Summary of Significant Accounting Policies: Remediation (Policies)	12 Months Ended
	Dec. 31, 2015
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.

2. Summary of Significant Acc33

2. Summary of Significant Accounting Policies: Fair Value Measurements (Policies)	12 Months Ended
	Dec. 31, 2015
Policies
Fair Value Measurements	Fair Value Measurements 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. Financial Instruments 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, 2015 and 2014: Balance December 31, 2015 Balance December 31, 2014 Input Hierarchy level Cash and cash equivalents $ 78,609 $ 206,025 Level 1 The carrying amounts of financial instruments including notes payable in gold, and notes payable approximate fair value at December 31, 2015 and 2014.

2. Summary of Significant Acc34

2. Summary of Significant Accounting Policies: Earnings (loss) Per Share: Schedule of Weighted Average Number of Shares (Tables)	12 Months Ended
	Dec. 31, 2015
Tables/Schedules
Schedule of Weighted Average Number of Shares	December 31, December 31, 2015 2014 Numerator: Net income (loss) $ 50,163 $ (1,953,383) Deemed dividend on Series C Preferred stock (81,250) Preferred dividends (8,236) (58,872) Net income (loss) available to common stockholders $ (39,323) $ (2,012,255) Denominator: Basic and diluted weighted average common shares $ 129,975,625 $ 109,484,919 Basic earnings (loss) per common share: Net income (loss) per common share – basic and diluted $ (0.00) $ (0.02)

2. Summary of Significant Acc35

2. Summary of Significant Accounting Policies: Fair Value Measurements: Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Tables)	12 Months Ended
	Dec. 31, 2015
Tables/Schedules
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	Balance December 31, 2015 Balance December 31, 2014 Input Hierarchy level Cash and cash equivalents $ 78,609 $ 206,025 Level 1

3. Property, Equipment and Mi36

3. Property, Equipment and Mining Claims: Property, Plant and Equipment (Tables)	12 Months Ended
	Dec. 31, 2015
Tables/Schedules
Property, Plant and Equipment	2015 2014 Exploration and mining equipment $ 1,627,351 $ 1,627,351 Vehicles and rolling stock 413,678 413,678 Office and other equipment 65,548 65,581 Total 2,106,577 2,106,610 Accumulated depreciation (2,058,691) (1,989,299) Equipment, net of depreciation $ 47,886 $ 117,311

3. Property, Equipment and Mi37

3. Property, Equipment and Mining Claims: Schedule of Mining Properties and Claims (Tables)	12 Months Ended
	Dec. 31, 2015
Tables/Schedules
Schedule of Mining Properties and Claims	2015 2014 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

4. Joint Venture_ Schedule of S

4. Joint Venture: Schedule of Series P Warrants Weighted Average Assumptions (Tables)	12 Months Ended
	Dec. 31, 2015
Tables/Schedules
Schedule of Series P Warrants Weighted Average Assumptions	Risk-free interest rate 1.71% Expected dividend yield 0 Expected term (in years) 5 Expected volatility 141.7%

6. Note Payable_ Fair Value of

6. Note Payable: Fair Value of Warrants issued with notes payable (Tables)	12 Months Ended
	Dec. 31, 2015
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 157.1%

Fair Value of Warrants issued w

Fair Value of Warrants issued with Class Q Warrants issued with Series C Preferred Stock (Tables)	12 Months Ended
	Dec. 31, 2015
Tables/Schedules
Fair Value of Warrants issued with Class Q Warrants issued with Series C Preferred Stock	Risk-free interest rate 1.68% Expected dividend yield 0 Expected term (in years) 5 Expected volatility 141.9%

Fair Value of Warrants issued41

Fair Value of Warrants issued with Class L Warrants issued with Series B Preferred Stock (Tables)	12 Months Ended
	Dec. 31, 2015
Tables/Schedules
Fair Value of Warrants issued with Class L Warrants issued with Series B Preferred Stock	Risk-free interest rate 1.62% Expected dividend yield 0 Expected term (in years) 5 Expected volatility 157.0%

Schedule of Stockholders' Equit

Schedule of Stockholders' Equity Note, Warrants or Rights (Tables)	12 Months Ended
	Dec. 31, 2015
Tables/Schedules
Schedule of Stockholders' Equity Note, Warrants or Rights	Shares Exercise Price ($) Expiration Date Class H Warrants: (Issued for Private Placement) Warrants issued 2011 5,125,936 0.30 May 31, 2016 Outstanding and exercisable at December 31, 2014 5,125,936 Outstanding and exercisable at December 31, 2015 5,125,936 Class I Warrants: (Issued for Private Placement) Warrants issued 2011 13,906,413 0.40 May 31, 2016 Outstanding and exercisable at December 31, 2014 13,906,413 Outstanding and exercisable at December 31, 2015 13,906,413 Class J Warrants: (Issued for Private Placement) Warrants issued 2011 8,780,478 0.30 July 29, 2016 Outstanding and exercisable at December 31, 2014 8,780,478 Outstanding and exercisable at December 31, 2015 8,780,478 Class K Warrants: (Issued for Notes payable in gold) Warrants issued March 29, 2013 307,500 0.40 March 29, 2015 Outstanding and exercisable at December 31, 2014 307,500 Warrants expired March 29, 2015 (307,500) Outstanding and exercisable at December 31, 2015 - Class L Warrants: (Issued for Private Placement of Preferred Stock) Warrants issued January 23, 2014 2,857,142 0.10 January 23, 2019 Outstanding and exercisable at December 31, 2014 2,857,142 Outstanding and exercisable at December 31, 2015 2,857,142 Class M Warrants: (Issued for Note Payable) Warrants issued January 29, 2014 1,735,000 0.15 January 29, 2019 Outstanding and exercisable at December 31, 2014 1,735,000 Outstanding and exercisable at December 31, 2015 1,735,000 Class N Warrants: (Issued for Private Placement) Warrants issued June 6, 2014 7,104,317 0.11 June 6, 2019 Warrants issued June 30, 2014 4,350,180 0.11 June 30, 2019 Warrants issued July 18, 2014 2,408,545 0.11 July 18, 2019 Outstanding and exercisable at December 31, 2014 13,863,042 Outstanding and exercisable at December 31, 2015 13,863,042 Class N-2 Warrants: (Issued for Finders Fees) Warrants issued July 18, 2014 2,701,386 .055 July 18, 2019 Outstanding and exercisable at December 31, 2014 2,701,386 Outstanding and exercisable at December 31, 2015 2,701,386 Class O Warrants: (Issued for Private Placement) Warrants issued March 31, 2015 5,000,000 .06 March 31, 2020 Outstanding and exercisable at December 31, 2015 5,000,000 Class P Warrants: (Issued for Sale of GNP Distribution Interest) Warrants issued June 23, 2015 2,250,000 .07 June 23, 2020 Outstanding and exercisable at December 31, 2015 2,250,000 Class P-2 Warrants: (Issued for Finders Fees) Warrants issued June 23, 2015 1,200,000 .05 June 23, 2020 Outstanding and exercisable at December 31, 2015 1,200,000 Class Q Warrants: (Issued for Private Placement of Preferred Stock) Warrants issued December 8, 2015 8,333,333 .03 December 8, 2020 Outstanding and exercisable at December 31, 2015 8,333,333 Class Q-2 Warrants: (Issued for Finders Fees) Warrants issued December 8, 2015 833,333 .03 December 8, 2020 Outstanding and exercisable at December 31, 2015 833,333 Weighted average exercise of warrants outstanding and weighted average exercise price at December 31, 2015 66,586,063 0.191

Schedule of Share-based Payment

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions (Tables)	12 Months Ended
	Dec. 31, 2015
Tables/Schedules
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions	2014 Risk-free interest rate 2.17% Expected dividend yield 0 Expected term (in years) 10 Expected volatility 143%

Schedule of Share-based Compens

Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding (Tables)	12 Months Ended
	Dec. 31, 2015
Tables/Schedules
Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding	Shares Weighted- Average Exercise Price (per share) Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Options outstanding at December 31, 2013 3,315,000 $ 0.28 4.41 Granted 450,000 0.05 Expired (265,000) 0.23 Options outstanding at December 31, 2014 3,500,000 $ 0.26 4.71 Expired (150,000) 0.68 Options outstanding and exercisable at December 31, 2015 3,350,000 $ 0.24 3.81 $0 Options available for future grants 1,925,672

9. Asset Retirement Obligation_

9. Asset Retirement Obligation: Schedule of Asset Retirement Obligations (Tables)	12 Months Ended
	Dec. 31, 2015
Tables/Schedules
Schedule of Asset Retirement Obligations	December 31, 2015 December 31, 2014 Asset Retirement Obligation – beginning balance $ 297,282 $ 285,850 Incurred - - Accretion 11,891 11,432 Asset Retirement Obligation - ending balance (long term) $ 309,183 $ 297,282

Income Tax Disclosure_ Schedule

Income Tax Disclosure: Schedule of Components of Income Tax Expense (Benefit) (Tables)	12 Months Ended
	Dec. 31, 2015
Tables/Schedules
Schedule of Components of Income Tax Expense (Benefit)	2015 2014 Deferred tax assets arising from: Capitalized exploration and development costs $ 102,000 $ 198,000 Unrecovered promotional and exploratory costs 161,000 161,000 Accrued remediation costs 50,000 422,000 Share based compensation 399,000 399,000 Net operating loss carryforwards 10,319,000 9,935,000 Total deferred tax assets 11,031,000 11,115,000 Less valuation allowance (11,031,000) (11,115,000) Net deferred tax assets $ 0 $ 0

Income Tax Disclosure_ Schedu47

Income Tax Disclosure: Schedule of Effective Income Tax Rate Reconciliation (Tables)	12 Months Ended
	Dec. 31, 2015
Tables/Schedules
Schedule of Effective Income Tax Rate Reconciliation	2015 2014 Federal income tax benefit based on statutory rate $ 17,000 34.0% $ (664,000) 34.0% State income tax benefit net of federal taxes 2,000 3.1% (176,000) 9.0% Nondeductible meals and entertainment 1,000 0.1% 2,000 (0.1)% Nondeductible expense for options to employees - - % 20,000 (1.0)% Revision of NOL estimates 64,000 128.0 % - -% Increase in valuation allowance (84,000) (165.2)% 818,000 (41.9)% Total taxes on income (loss) $ 0 -% $ - 0%

12. Commitments and Contingen48

12. Commitments and Contingencies: Patented and nonpatented claims, annual costs (Tables)	12 Months Ended
	Dec. 31, 2015
Tables/Schedules
Patented and nonpatented claims, annual costs	November 30, 2016 November 30, 2017 Claims Rental $ 84,770 $ 90,570 Annual Labor 61,100 61,100 Yearly Totals $ 145,870 $ 151,670

Organization, Consolidation a49

Organization, Consolidation and Presentation of Financial Statements Disclosure (Details)	12 Months Ended
	Dec. 31, 2015
Details
Entity Incorporation, State Country Name	State of Alaska
Entity Incorporation, Date of Incorporation	Mar. 26, 1959
Substantial Doubt about Going Concern	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.
Substantial Doubt about Going Concern, Management's Evaluation	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.

2. Summary of Significant Acc50

2. Summary of Significant Accounting Policies: Earnings (loss) Per Share (Details) - $ / shares	Dec. 31, 2015	Dec. 31, 2014
Details
Common Stock, Shares Authorized	250,000,000	250,000,000
Common Stock, Par Value	$ 0.10	$ 0.10
Common Stock, Shares Issued	131,232,809	126,082,809

2. Summary of Significant Acc51

2. Summary of Significant Accounting Policies: Earnings (loss) Per Share: Schedule of Weighted Average Number of Shares (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Net income (loss)	$ 50,163	$ (1,953,383)
Deemed Dividend On Series C Preferred Stock	(81,250)
Dividends paid on converted Series A Preferred shares	(8,535)
Net loss available to common stockholders	$ (39,323)	$ (2,012,255)
Weighted average common shares outstanding-basic and diluted	129,975,625	109,484,919
Net loss per common share - basic and diluted	$ 0	$ 0.02
Net loss per common share - basic and diluted	$ 0	$ (0.02)
Private Placement One
Dividends paid on converted Series A Preferred shares	$ (8,236)	$ (58,872)

2. Summary of Significant Acc52

2. Summary of Significant Accounting Policies: Fair Value Measurements: Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Details
Cash and cash equivalents	$ 78,609	$ 206,025	$ 16,993

3. Property, Equipment and Mi53

3. Property, Equipment and Mining Claims: Property, Plant and Equipment (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Details
Exploration and mining equipment	$ 1,627,351	$ 1,627,351
Vehicles and rolling stock	413,678	413,678
Office and other equipment	65,548	65,581
Property, Plant and Equipment, Gross	2,106,577	2,106,610
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment, Excluding Capital Leased Assets	(2,058,691)	(1,989,299)
Property, Plant, and Equipment, Owned, Net	$ 47,886	$ 117,311

3. Property, Equipment and Mi54

3. Property, Equipment and Mining Claims (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Details
Assets depreciated at three to five years	$ 1,342,879	$ 1,342,911
Assets depreciated at seven to ten years	763,699	763,699
Depreciation	$ 69,425	$ 156,485

3. Property, Equipment and Mi55

3. Property, Equipment and Mining Claims: Schedule of Mining Properties and Claims (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
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

4. Joint Venture (Details)

4. Joint Venture (Details) - Proceeds from sale of cash flow percentage - USD ($)	Jun. 23, 2015	Dec. 31, 2015
Other Significant Noncash Transaction, Description		On June 23, 2015, the Company raised net proceeds of $1.1 million through the sale of 12% of the cash flows Goldrich receives in the future from its interest in GNP (“Distribution Interest”) to Chandalar Gold, LLC (“CGL”), a non-related entity. Goldrich retained its ownership of its 50% interest in GNP but, after the transaction, subject to the terms of the GNP operating agreement, Goldrich will effectively receive approximately 44% and CGL will receive 6% (12% of Goldrich’s 50% of GNP = 6%) of any cash distributions produced by GNP. As part of the purchase, CGL received 2,250,000 Series P Warrants and an option to acquire an additional 10% Distribution Interest in the cash flows Goldrich receives from its interest in GNP. Each Series P Warrant is exercisable to purchase one share of common stock of the Company at $0.07, for a period of five (5) years. The Distribution Interest option to purchase an additional 10% of Goldrich’s future cash flow from GNP must be exercised before July 1, 2016 in consideration of a one-time cash payment of $1.3 million. Should the option be exercised, Goldrich would effectively receive, subject to the terms of the GNP operating agreement, approximately 38.5% and CGL would receive 11% (22% of Goldrich’s 50% of GNP = 11%) of any cash distributions produced by GNP. The lead agent for the sale received a commission equal to 5% of gross proceeds raised, was granted a perpetual undivided 0.5% interest in distributions paid out by GNP to Goldrich, and was issued 1.2 million Series P-2 Warrants. Each Series P-2 Warrant is exercisable into one share of common stock of the Company for a period of five (5) years at a price of $0.05 per share. Should CGL exercise its option, the same fee structure would apply as above, including an additional 0.5% interest in distributions paid out by GNP to Goldrich.
Series P warrants fair value disclosure	$ 110,250
Series P 2 warrants fair value disclosure	60,000
Payments of Stock Issuance Costs	125,164
Relative fair value series P warrants	88,644
Gain (Loss) on Disposition of Other Assets	930,892
Adjustment to joint venture asset	$ 55,300

4. Joint Venture_ Schedule of57

4. Joint Venture: Schedule of Series P Warrants Weighted Average Assumptions (Details)	Jun. 23, 2015	Dec. 31, 2014	Jan. 24, 2014
Fair Value Assumptions, Risk Free Interest Rate		2.17%	1.52%
Fair Value Assumptions, Expected Dividend Rate		0.00%	0.00%
Fair Value Assumptions, Expected Term		10 years	5 years
Fair Value Assumptions, Expected Volatility Rate		143.00%	157.10%
Proceeds from sale of cash flow percentage
Fair Value Assumptions, Risk Free Interest Rate	1.71%
Fair Value Assumptions, Expected Dividend Rate	0.00%
Fair Value Assumptions, Expected Term	5 years
Fair Value Assumptions, Expected Volatility Rate	141.70%

6. Related Party Transactions (

6. Related Party Transactions (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Details
Related Party Transaction, Amounts of Transaction	$ 8,726	$ 4,969
Consultant and director fees	$ 143,075	$ 68,690

6. Note Payable (Details)

6. Note Payable (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2015	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		300,000	$ 300,000
Debt Instrument, Unamortized Discount		21,038
Unsecured debt, net		$ 278,962

6. Note Payable_ Fair Value o60

6. Note Payable: Fair Value of Warrants issued with notes payable (Details)	Dec. 31, 2014	Jan. 24, 2014
Details
Fair Value Assumptions, Risk Free Interest Rate	2.17%	1.52%
Fair Value Assumptions, Expected Dividend Rate	0.00%	0.00%
Fair Value Assumptions, Expected Term	10 years	5 years
Fair Value Assumptions, Expected Volatility Rate	143.00%	157.10%

7. Notes Payable in Gold (Detai

7. Notes Payable in Gold (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2015
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
Gain on extinguishment of debt	165,662
Notes payable in gold	$ 576,696		$ 509,568

Items (Details)

Items (Details)	Dec. 31, 2015shares	Dec. 07, 2015USD ($)$ / sharesshares	Apr. 07, 2015USD ($)$ / shares	Jan. 23, 2014USD ($)$ / sharesshares	Dec. 31, 2015USD ($)$ / sharesshares	Dec. 31, 2014USD ($)$ / sharesshares
Beneficial conversion feature on preferred stock | $					$ 81,250	$ 50,000
Convertible Preferred Stock Series A Shares Issued	150,000				150,000	175,000
Convertible Preferred Stock Series A shares authorized	1,000,000				1,000,000	1,000,000
Convertible Preferred Stock Series B, No Par Value, Shares Issued	200				200	200
Convertible Preferred Stock Series B, No Par Value, Shares Authorized	300				300
Convertible Preferred Stock Series C Shares Outstanding	250				250
Convertible Preferred Stock Series C No Par Value Shares Authorized	250				250
Shares available for grant under stock option plan	1,925,672
Options issued or exercised under stock option plan					4,690,000
Options outstanding under stock option plan					3,350,000
Stock based compensation | $						$ 143,075
Series A Preferred Stock converted to common stock
Conversion of Stock, Shares Converted					25,000
Convertible Preferred Stock, Shares Issued upon Conversion	150,000				150,000
Preferred Stock, Dividends, Per Share, Cash Paid | $ / shares					$ 8,535
Dilution potential of Series A Preferred Stock
Dilution potential of Series A Preferred Stock | $					$ 900,000	1,050,000
Dilution potential of Series B Preferred Stock | $					2,857,142	$ 2,857,142
Dilution potential of Series C Preferred Stock | $					8,333,333
Series C Preferred Stock
Preferred stock issued for cash		250
Proceeds from Issuance of Preferred Stock and Preference Stock | $				$ 225,000
Warrants issued with preferred stock		9,166,666
Broker Warrants issued with preferred stock		833,333
Per share price of warrants issued with preferred stock | $ / shares		$ 0.03
Fair value of warrants issued with preferred stock | $		$ 116,162
Beneficial conversion feature on preferred stock | $		$ 81,250
Private Placement One
Private placement units sold			5,000,000
Per share unit | $ / shares			$ 0.05
Series B Preferred Stock
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 | $ / shares				$ 0.10
Fair value of warrants issued with preferred stock | $					$ 92,242
Beneficial conversion feature on preferred stock | $				$ 50,000
Proceeds from sale of units | $			$ 241,832
Private Placement Two
Private placement units sold						27,726,090
Per share unit | $ / shares						$ 0.055
Proceeds from sale of units | $						$ 1,371,023
Private placement units sold to officers and directors						1,424,454
Proceeds from sale of units, portion attributable to officers and directors | $						$ 78,345
Private placement units warrants issued to finders fees						2,701,386

Fair Value of Warrants issued63

Fair Value of Warrants issued with Class Q Warrants issued with Series C Preferred Stock (Details)	Dec. 07, 2015	Dec. 31, 2014	Jan. 24, 2014
Fair Value Assumptions, Risk Free Interest Rate		2.17%	1.52%
Fair Value Assumptions, Expected Dividend Rate		0.00%	0.00%
Fair Value Assumptions, Expected Term		10 years	5 years
Fair Value Assumptions, Expected Volatility Rate		143.00%	157.10%
Series C Preferred Stock
Fair Value Assumptions, Risk Free Interest Rate	1.68%
Fair Value Assumptions, Expected Dividend Rate	0.00%
Fair Value Assumptions, Expected Term	5 years
Fair Value Assumptions, Expected Volatility Rate	141.90%

Fair Value of Warrants issued64

Fair Value of Warrants issued with Class L Warrants issued with Series B Preferred Stock (Details)	Dec. 31, 2014	Jan. 24, 2014	Jan. 23, 2014
Fair Value Assumptions, Risk Free Interest Rate	2.17%	1.52%
Fair Value Assumptions, Expected Dividend Rate	0.00%	0.00%
Fair Value Assumptions, Expected Term	10 years	5 years
Fair Value Assumptions, Expected Volatility Rate	143.00%	157.10%
Series B Preferred Stock
Fair Value Assumptions, Risk Free Interest Rate			1.62%
Fair Value Assumptions, Expected Dividend Rate			0.00%
Fair Value Assumptions, Expected Term			5 years
Fair Value Assumptions, Expected Volatility Rate			157.00%

Schedule of Stockholders' Equ65

Schedule of Stockholders' Equity Note, Warrants or Rights (Details)	Dec. 31, 2015$ / sharesshares
Details
All classes of warrants outstanding | shares	66,586,063
Weighted average exercise price of warrants | $ / shares	$ 0.191

Schedule of Share-based Payme66

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions (Details)	Dec. 31, 2014	Jan. 24, 2014
Details
Fair Value Assumptions, Risk Free Interest Rate	2.17%	1.52%
Fair Value Assumptions, Expected Dividend Rate	0.00%	0.00%
Fair Value Assumptions, Expected Term	10 years	5 years
Fair Value Assumptions, Expected Volatility Rate	143.00%	157.10%

Schedule of Share-based Compe67

Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding (Details)	Dec. 31, 2015$ / sharesshares	Dec. 31, 2015$ / sharesshares	Dec. 31, 2014$ / sharesshares	Dec. 31, 2013$ / sharesshares
Details
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	3,350,000	3,350,000	3,500,000	3,315,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price | $ / shares	$ 0.24	$ 0.24	$ 0.26	$ 0.28
Weighted Averate Remaining Term		3.81	4.71	4.41
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures			450,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares			$ 0.05
Share-based Compensation Arrangement by Share-based Payment Award, Options, Expirations in Period		(150,000)	(265,000)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period, Weighted Average Exercise Price | $ / shares		$ 0.68	$ 0.23
Shares available for grant under stock option plan	1,925,672

9. Asset Retirement Obligatio68

9. Asset Retirement Obligation: Schedule of Asset Retirement Obligations (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Details
Costs Incurred, Asset Retirement Obligation Incurred	$ 309,183	$ 297,282	$ 285,850
Costs Incurred, Asset Retirement Obligation Incurred	309,183	297,282	$ 285,850
Accretion Expense	$ 11,891	$ 11,432

10. Remediation (Details)

10. Remediation (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Details
Accrued remediation expense	$ 9,173	$ 928,000

Income Tax Disclosure_ Schedu70

Income Tax Disclosure: Schedule of Components of Income Tax Expense (Benefit) (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Details
Deferred Tax Assets, Capital Loss Carryforwards	$ 102,000	$ 198,000	$ 102,000	$ 198,000
Deferred Tax Assets, Other Loss Carryforwards	161,000	161,000	161,000	161,000
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Amount			50,000	422,000
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Share-based Compensation Cost, Amount			399,000	399,000
Effective Income Tax Rate Reconciliation, Other Reconciling Items, Amount	10,319,000	9,935,000
Deferred Tax Assets, Gross	11,031,000	11,115,000	11,031,000	11,115,000
Deferred Tax Assets, Valuation Allowance	(11,031,000)	(11,115,000)	(11,031,000)	(11,115,000)
Deferred Tax Assets, Net of Valuation Allowance	$ 0	$ 0	$ 0	$ 0

Income Tax Disclosure (Details)

Income Tax Disclosure (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Details
Deferred Tax Assets, Tax Credit Carryforwards	$ 24.6	$ 25
Deferred Tax Assets, Operating Loss Carryforwards, State and Local	$ 21.8	$ 21.1

Income Tax Disclosure_ Schedu72

Income Tax Disclosure: Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Details
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount	$ (664,000)	$ 17,000
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	34.00%	0.00%
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Amount	$ (176,000)	$ 2,000
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Percent	3.10%	9.00%
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Meals and Entertainment, Amount	$ 2,000	$ 1,000
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
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Other, Percent		(1.00%)
Effective Income Tax Rate Reconciliation, Other Adjustments, Amount		$ 64,000
Effective Income Tax Rate Reconciliation, Other Adjustments, Percent		1.28%
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount	$ 818,000	$ (84,000)
Effective Income Tax Rate Reconciliation,Other Reconciling Items, Percent	(165.20%)	(41.90%)
Income Tax Expense (Benefit)		$ 0

12. Commitments and Contingen73

12. Commitments and Contingencies: Patented and nonpatented claims, annual costs (Details) - USD ($)	Nov. 30, 2017	Nov. 30, 2016
Details
Claims rental	$ 90,570	$ 84,770
Annual labor requirement	61,100	61,100
Non-patented claims expense	$ 151,670	$ 145,870