Goldrich Mining (GRMC) 10-Q 20 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2019	May 17, 2019
Details
Registrant Name	Goldrich Mining Company
Registrant CIK	0000059860
SEC Form	10-Q
Period End date	Mar. 31, 2019
Fiscal Year End	--12-31
Trading Symbol	grmc
Tax Identification Number (TIN)	910742812
Number of common stock shares outstanding		139,573,798
Filer Category	Non-accelerated Filer
Current with reporting	Yes
Small Business	true
Emerging Growth Company	false
Amendment Flag	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1

Goldrich Mining Company Consoli

Goldrich Mining Company Consolidated Balance Sheets - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 17,831	$ 77,178
Prepaid expenses	158,235	122,131
Other current assets	13,671	13,671
Total current assets	189,737	212,980
Property, equipment, and mining claims:
Equipment, net	1,695	2,025
Mining properties, claims, and royalty option	868,516	868,516
Total property, equipment and mining claims	870,211	870,541
Total assets	1,059,948	1,083,521
Current liabilities:
Accounts payable and accrued liabilities	1,177,876	1,052,520
Interest payable	27,036	44,747
Interest payable - related party	296,649	205,570
Related parties payables	482,625	457,727
Notes payable, net of discount	967,371	952,634
Notes payable, net of discount - related party	2,453,684	2,378,947
Notes payable in gold	351,934	342,157
Dividends payable on preferred stock	30,618	30,618
Total current liabilities	5,787,793	5,464,920
Long-term liabilities:
Remediation and asset retirement obligation	451,256	447,778
Total long-term liabilities	451,256	447,778
Total liabilities	6,239,049	5,912,698
Stockholders' deficit:
Preferred stock; no par value, 8,998,700 shares authorized; no shares issued or outstanding	0	0
Preferred Stock Series A Value	150,000	150,000
Preferred Stock Series B Value	57,758	57,758
Preferred Stock Series C Value	52,588	52,588
Preferred Stock Series D Value	0	0
Preferred Stock Series E Value	10,829	10,829
Preferred Stock Series F Value	0	0
Common stock; $0.10 par value, 250,000,000 shares authorized; 139,573,798 issued and outstanding, respectively	13,957,380	13,957,380
Additional paid-in capital	13,866,596	13,832,978
Accumulated deficit	(33,274,252)	(32,890,710)
Total stockholders' deficit	(5,179,101)	(4,829,177)
Total liabilities and stockholders' deficit	$ 1,059,948	$ 1,083,521

Goldrich Mining Company Conso_2

Goldrich Mining Company Consolidated Balance Sheets - Parenthetical - $ / shares	Mar. 31, 2019	Dec. 31, 2018
Details
Preferred Stock, No Par Value	$ 0	$ 0
Preferred Stock, Shares Authorized	8,998,700	8,998,700
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Convertible preferred stock series A, shares authorized	1,000,000	1,000,000
Convertible preferred stock series A shares issued	150,000	150,000
Convertible preferred stock series A shares outstanding	150,000	150,000
Convertible preferred stock series B, shares authorized	300	300
Convertible preferred stock series B shares issued	200	200
Convertible preferred stock series B shares outstanding	200	200
Convertible preferred stock series C, shares authorized	250	250
Convertible preferred stock series C, shares issued	250	250
Convertible preferred stock series C, shares outstanding	250	250
Convertible preferred stock series D, shares authorized	150	150
Convertible preferred stock series D, shares issued	150	150
Convertible preferred stock series D, shares outstanding	150	150
Convertible preferred stock series E, shares authorized	300	300
Convertible preferred stock series E, shares issued	300	300
Convertible preferred stock series E, shares outstanding	300	300
Convertible preferred stock series F, shares authorized	300	300
Convertible preferred stock series F, shares issued	153	153
Convertible preferred stock series F, shares outstanding	153	153
Common Stock, Par or Stated Value Per Share	$ 0.10	$ 0.10
Common Stock, Shares Authorized	250,000,000	250,000,000
Common Stock, Shares, Issued	139,573,798	139,573,798
Common Stock, Shares, Outstanding	139,573,798	139,573,798

Goldrich Mining Company Conso_3

Goldrich Mining Company Consolidated Statements of Income (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Operating expenses (income):
Exploration	$ 0	$ 13,842
Mine preparation costs	27,776	0
Depreciation and amortization	331	2,359
Management fees and salaries	61,938	58,812
Professional services	35,325	52,178
General and administration	49,031	62,860
Office supplies and other	1,480	608
Directors' fees	8,000	3,500
Mineral property maintenance	22,667	22,643
Arbitration (Note 3)	(46,724)	29,176
Total operating expenses (income)	159,824	245,978
Other expense:
Change in fair value of notes payable in gold	9,777	1,828
Interest expense and finance costs	213,941	153,364
Total other expense	223,718	155,192
Net loss	383,542	401,170
Preferred dividends	7,604	1,875
Net loss available to common stockholders	$ 391,146	$ 403,045
Net loss per common share - basic and diluted	$ 0	$ 0

Goldrich Mining Company Conso_4

Goldrich Mining Company Consolidated Statements of Stockholders' (Deficit) (Unaudited) - USD ($)	Common Stock	Preferred Stock	Additional Paid-in Capital	Retained Earnings	Total
Equity balance at Dec. 31, 2017	$ 13,410,781	$ 271,175	$ 14,016,932	$ (29,110,761)	$ (1,411,873)
Shares outstanding at Dec. 31, 2017	134,107,809	151,053
Net Loss	$ 0	$ 0	0	(401,170)	(401,170)
Shares outstanding at Mar. 31, 2018	134,107,809	151,053
Equity balance at Mar. 31, 2018	$ 13,410,781	$ 271,175	14,016,932	(29,511,931)	(1,813,043)
Equity balance at Dec. 31, 2018	$ 13,957,380	$ 271,175	13,832,978	(32,890,710)	(4,829,177)
Shares outstanding at Dec. 31, 2018	139,573,798	151,053
Warrants issued with note payable	$ 0	$ 0	7,754	0	7,754
Warrants issued for finders fees	0	0	25,864	0	25,864
Net Loss	$ 0	$ 0	0	(383,542)	(383,542)
Shares outstanding at Mar. 31, 2019	139,573,798	151,053
Equity balance at Mar. 31, 2019	$ 13,957,380	$ 271,175	$ 13,866,596	$ (33,274,252)	$ (5,179,101)

Goldrich Mining Company Conso_5

Goldrich Mining Company Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash flows from operating activities:
Net loss	$ (383,542)	$ (401,170)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	331	2,359
Change in fair value of notes payable in gold	9,777	1,828
Warrants issued for finance costs	33,618	0
Discount on note payable	4,473	86,302
Accretion of asset retirement obligation	3,478	3,344
Change in:
Prepaid expenses	(36,104)	(130,398)
Accounts payable and accrued liabilities	125,356	33,644
Interest payable	(17,711)	9,196
Interest payable - related parties	91,079	26,335
Related parties payable	24,898	4,399
Net cash used - operating activities	(144,347)	(364,161)
Cash flows from financing activities:
Proceeds on notes payable and warrants, net	14,000	0
Proceeds from notes payable and warrants - related party, net	71,000	0
Net cash provided - financing activities	85,000	0
Net (decrease) in cash and cash equivalents	(59,347)	(364,161)
Cash and cash equivalents, beginning of period	77,178	486,211
Cash and cash equivalents, end of period	$ 17,831	$ 122,050

1. Basis of Presentation

1. Basis of Presentation	3 Months Ended
	Mar. 31, 2019
Notes
1. Basis of Presentation	1. BASIS OF PRESENTATION The unaudited financial statements have been prepared by the Company in accordance with accounting principles generally accepted in the United States of America for interim financial information, as well as the instructions to Form 10-Q. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. In the opinion of the Company’s management, all adjustments (consisting of only normal recurring accruals) considered necessary for a fair presentation of the interim financial statements have been included. Operating results for the three-month period ended March 31, 2019 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2019. For further information refer to the financial statements and footnotes thereto in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018. 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 in 2016 received its first cash distribution from the joint venture (Note 3). With the anticipated dissolution of the joint venture, these distributions are expected to decrease or cease. The Company may profitably execute a production business plan, and thereby, its ability to continue as a going concern may improve and become less dependent on the Company’s ability to raise capital to fund its future exploration and working capital requirements. 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	3 Months Ended
	Mar. 31, 2019
Notes
2. Summary of Significant Accounting Policies	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Reclassifications Certain reclassifications have been made to conform prior year’s data to the current presentation. During the three months ended March 31, 2019, management reclassified Arbitration expenses of approximately $29k from Professional services, General and administrative and other line items on previously reported Consolidated Statements of Operations captions to a separate line item because of its significance to the Company’s operations during the year. These reclassifications have no impact of the total net loss for the three months ended March 31, 2019 and 2018. Earnings (Loss) Per Share We are authorized to issue 250,000,000 shares of common stock, $0.10 par value per share. At March 31, 2019, there were 139,573,798 shares of our common stock issued and outstanding. For the periods ended March 31, 2019 and 2018, the effect of the Company’s outstanding preferred shares, options and warrants, totaling 105,868,923 and 103,386,073, respectively, would have been anti-dilutive. 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 venture’s 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 3 Joint Venture 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. Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09 Revenue Recognition. The new ASU establishes a new five step principles-based framework in an effort to significantly enhance comparability of revenue recognition practices across entities, industries, jurisdictions, and capital markets. In August 2015, the FASB issued ASU No. 2015-14 Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date. ASU No. 2015-14 defers the effective date of ASU No. 2014-09 until annual and interim reporting periods beginning after December 15, 2017. The Company adopted ASU No. 2014-09 as of January 1, 2018 using the full retrospective transition approach. The Company performed an assessment of the impact of implementation of ASU No. 2014-09, and concluded it did not change the timing of revenue recognition or amounts of revenue recognized compared to how revenue is recognized under current policies. ASU No. 2014-09 required additional disclosures, where applicable, on (i) contracts with customers, (ii) significant judgments and changes in judgments in determining the timing of satisfaction of performance obligations and the transaction price, and (iii) assets recognized for costs to obtain or fulfill contracts. In February 2016, the FASB issued ASU No. 2016-02 Leases (Topic 842). The update modifies the classification criteria and requires lessees to recognize the assets and liabilities on the balance sheet for most leases. The update is effective for fiscal years beginning after December 15, 2018, with early adoption permitted. The Company performed an assessment of the impact of implementation of ASU No. 2016-02, and concluded it will not have an impact on the consolidated financial statements. The Company currently has two operating leases for the corporate office rent and a small storage unit in Fairbanks, Alaska; both are less than a year and do not require recognition under the standard update. In August 2016, the FASB issued ASU No. 2016-15 Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments. The update provides guidance on classification for cash receipts and payments related to eight specific issues. The update was effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years, with early adoption permitted. Adoption of the update on January 1, 2018 had no impact on the consolidated financial statements. In November 2016, the FASB issued ASU No. 2016-18 Statement of Cash Flows (Topic 230): Restricted Cash. The update requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. The update was effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Adoption of the update on January 1, 2018 had no impact on the consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-01 Business Combinations (Topic 805): Clarifying the Definition of a Business. The update clarifies the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The update is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. The Company will apply the provisions of the update to potential future acquisitions. 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. Cash and Cash Equivalents For the purposes of the statement of cash flows, we consider all highly liquid investments with original maturities of three months or less when purchased to be cash equivalents. 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, Claims, and Royalty Option The Company capitalizes costs for acquiring mineral properties, claims and royalty option 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. 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. Revenue Recognition The Company does not have joint control or significant influence over the joint venture; therefore, distributions from our joint venture are recognized using the cost method. In accordance with ASU No. 2014-09, the Company has determined that our revenue does not arise from contracts with customers, does not involve satisfaction of any performance obligations on the part of the Company, or require company assets to be recognized or applied to determine costs to obtain or fulfill any contract generating revenue. At the conclusion of 2018 and 2017, Goldrich was allocated a distribution from its joint venture partner of $0 and $218,770, respectively. See note 3, Joint Venture. 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. 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 expense for grants that vest immediately are recognized in the period of grant. Exploration Costs Exploration costs are expensed in the period in which they occur. Derivatives The Company measures derivative contracts as assets or liabilities based on their fair value. Gains or losses resulting from changes in the fair value of derivatives in each period are recorded in current operating results. None of the Company’s derivative contracts qualify for hedge accounting. The Company does not hold or issue derivative financial instruments for speculative trading purposes. Remediation and Asset Retirement Obligation 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 When required to measure assets or liabilities at fair value, the Company uses a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used. The Company determines the level within the fair value hierarchy in which the fair value measurements in their entirety fall. The categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Level 1 uses quoted prices in active markets for identical assets or liabilities, Level 2 uses significant other observable inputs, and Level 3 uses significant unobservable inputs. The amount of the total gains or losses for the period are 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. During 2019 and 2018, the Company determined fair value on a recurring basis and non-recurring basis as follows: Balance March 31, 2019 Balance December 31, 2018 Fair Value Hierarchy level Liabilities Recurring: Notes payable in gold (Note 6) $ 351,934 $ 342,157 2 The carrying amounts of financial instruments, including notes payable, approximate fair value at March 31, 2019 and December 31, 2018.

3. Joint Venture

3. Joint Venture	3 Months Ended
	Mar. 31, 2019
Notes
3. Joint Venture	3. 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 Placer, LLC (“GP”), a subsidiary of Goldrich and NyacAU (together the “Members”) 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. Operating Expenses. GNP will first pay all Operating Expenses as defined in the Operating Agreement for placer mining operations at the Claims for the current mining year. Until Commercial Production is achieved, GNP will drawdown or use a line of credit from NyacAU (“LOC1”) to fund payment of the Operating Expenses and repay LOC1 to the extent of the current year's Operating Expenses. 2. Members' Distribution - Ten Percent (10%) Portion. After payment of Operating Expenses, GNP will distribute in kind twenty percent (20%) of the remaining gold produced, equally, ten percent (10%) to NyacAU as a Member of the GNP and ten percent (10%) to Goldrich as a Member of GNP; provided, however, that, for so long as any secondary line of credit from NyacAU to GNP (“LOC2”) or loan from NyacAU to GNP to purchase the Jumbo Basin royalty (“Loan3”) are not paid in full, GNP shall retain one hundred percent (100%) of this distribution to Goldrich and shall apply such funds as payment to reduce the balance of LOC2 and Loan3 until they are paid in full. 3. LOC1 Payments. After payment of Operating Expenses and the Members' distribution, GNP will apply any remaining revenue to reduce the remaining balance of LOC1, if any, until it is paid in full. 4. Reserves. After payment of Operating Expenses, the Members' distribution, and payment of LOC1, the Company may fund Reserves in an amount that is consistent with the annual budget. 5. Member Distributions, LOC2 Payments and Loan3 Recovery. After payment of Operating Expenses, the Members', payment of LOC1, and funding of any Reserves, from any remaining gold production or revenue, the Company will distribute fifty percent (50%) to NyacAU as a Member of GNP and fifty percent (50%) to Goldrich as a Member of GNP; provided, however, that, for so long as LOC2 or Loan3 are not paid in full, GNP shall retain one hundred percent (100%) of the distribution to Goldrich and shall apply such funds as payment to reduce the balance of LOC2 and Loan3 until they are paid in full. LOC2 has never been funded or utilized. Substantially all required allocations and distributions are required to be made no later than October 31st of each year, with any remaining allocations or distributions being completed no later than December 31st of each year, unless otherwise agreed in writing by the Members. As of March 31, 2019, dissolution of the JV is likely, and distributions under item 2 above for the production season have been calculated using the same methodology as prior years’ distributions, although NyacAU has challenged its responsibility to declare or pay any distributions of this type due to the pending dissolution of the JV. The Company has refuted the challenge (see Arbitration On June 23, 2015, the Company raised net proceeds of $1.1 million through the sale of 12.5% of the cash flows Goldrich receives in the future from its interest in GNP (“Distribution Interest”), paid in cash under items #2 and #5, to Chandalar Gold, LLC (“CGL”) and GVC Capital, LLC,(“GVC”), both of which are non-related entities. 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%, CGL will effectively receive 6% (12% of Goldrich’s 50% of GNP = 6%) and GVC will effectively receive 0.25% (0.5% of Goldrich’s 50% of GNP = 0.25%) of any distributions produced by GNP. At December 31, 2018 and 2017, an amount of $35,794 has been accrued for the distribution which is included in accrued liabilities. No amount has been accrued for the 2018 distribution due to uncertainties relating to realization of distributions from NyacAU (see Arbitration At the conclusion of 2017, Goldrich was allocated a distribution of $218,770, under #2 above. In accordance with terms of the Operating Agreement, the Company had the distribution applied toward Loan3. In 2012, the joint venture purchased, on Goldrich’s behalf, a 2% royalty interest, payable on all production from certain Goldrich mining claims at the Chandalar, Alaska property for $250,000 from Jumbo Basin Corporation. This transaction gave rise to Loan3, is carried on GNP’s financial records at an interest rate of the greater of prime plus 2% or 10%, and is to be repaid from distributions to Goldrich as defined in the Operating Agreement, prior to any distributions in cash to Goldrich. At December 31, 2018 and 2017, the principal balance due on Loan3 is $95,239, with additional interest of approximately $13,500. These amounts may be adjusted by any Arbitration awards. Arbitration In December 2017, the Company filed an arbitration statement of claim against NyacAU and other parties. The claim challenged certain accounting treatment of capital leases, allocations of tax losses, charges to the JV for funding costs related to the JV manager’s financing, related-party transactions, and other items of dispute in a previous mediation that was unsuccessful in reaching an agreement. As a result, the Company participated in an arbitration before a panel of three independent arbitrators during 2018 to address these items. In accordance with ASC 450, Contingencies During the three months ended March 31, 2019 and 2018, management made certain reclassifications from professional services expense, general and administrative expense and other line items on previously reported Consolidated Statements of Operations captions into Arbitration costs. The Company incurred $(46,724) and $29,176 in arbitration expenses during the three months ended March 31, 2019 and 2018, respectively. The $(46,724) is a result of a $190,851 reimbursement for costs by the Company’s Directors and Officers insurance, netted against expenses of $144,127 for the three months ended March 31, 2019. In addition, GNP was required to meet the Minimum Production Requirements as defined by the operating agreement. The Minimum Production Requirement for each year was determined by the price of gold on December 1 in the preceding year. The Minimum Production Requirements for 2016, 2017, and 2018 were 1,100, 1,200, and 1,300 ounces of fine gold, respectively, distributable to each of Goldrich and NyacAU. The Minimum Production Requirements for 2016, 2017, and 2018 were to be substantially paid by October 31, 2018. The value of the combined 2016, 2017 and 2018 Minimum Production Requirements has been calculated at $4,428,000 using the price of gold at $1,230 per ounce at September 30, 2018. GNP did not meet the Minimum Production Requirements. Due to the JV’s failure to meet the Minimum Production Requirements defined in the Operating Agreement, the JV is being dissolved. No financial statement adjustment has been recorded for the failure of the JV to meet the Minimum Production Requirements.

4. Related Party Transactions

4. Related Party Transactions	3 Months Ended
	Mar. 31, 2019
Notes
4. Related Party Transactions	4. RELATED PARTY TRANSACTIONS Beginning in January 2016 and through March 31, 2019, the salary of the Company’s Chief Executive Officer (“CEO”) has not been paid in full. Fees due to the Company’s Chief Financial Officer (“CFO”) have been accrued and remain unpaid: CEO Three Months ended 3/31/19 Year ended 12/31/18 Beginning Balance $295,000 $192,500 Deferred During Period 45,000 180,000 Cash Paid During Period (10,000) (77,500) Ending Balance $330,000 $295,000 CFO Three Months ended 3/31/19 Year ended 12/31/18 Beginning Balance $64,909 $35,202 Deferred During Period 18,108 64,222 Cash Paid During Period (8,734) (34,515) Ending Balance $74,283 $64,909 During the year ended December 31, 2018, the Company also awarded 1,850,000 shares of common stock to officers and a director as compensation. The value of the shares awarded was $64,565 based upon the quoted value of the stock at the time of the grant.

5. Notes Payable & Notes Payabl

5. Notes Payable & Notes Payable - Related Party	3 Months Ended
	Mar. 31, 2019
Notes
5. Notes Payable & Notes Payable - Related Party	5. NOTES PAYABLE & NOTES PAYABLE – RELATED PARTY During the three months ended March 31, 2019, the Company received the third tranche of the notes payable for $89,474, discounted at 5%, or $4,474, resulting in net proceeds of $85,000, of which $71,000 was from a related party. At March 31, 2019, the Company had outstanding Notes payable of $967,371, with all discounts being amortized. At December 31, 2018, the Company had outstanding Notes payable of $952,634, with all discounts being amortized. At March 31, 2019, the Company had outstanding Notes payable – related party of $2,453,684, with all discounts being amortized. At December 31, 2018, the Company had outstanding Notes payable – related party of $2,378,947, with all discounts being amortized. These Notes payable and Notes payable – related party are high risk debt instruments, and therefore include terms that are not typical to debt instruments of lower risk. The terms include an interest rate that may be higher than a rate on a low risk note, a discount on the cash received by the Company, warrants based on the debt’s principal and a market-based finder’s fee with a portion payable in cash and another portion payable in warrants. The senior secured notes were scheduled to mature on October 31, 2018, have an interest rate of 15% per annum, calculated on a 360-day year and payable monthly, and were issued net of a 5% original issue discount. A total of 17,960,512 five-year Class T warrants have been issued to the lenders, including 12,881,835 to a related party in connection with the current and prior-period note issuances. The warrants have an exercise price of $0.03 and expire on various dates from November 30, 2022 through January 31, 2024. During the three months ended March 31, 2019, the Company issued 1,906,577 warrants in connection with the notes payable. The warrants were valued at $8,997 and had an allocated relative fair value of $7,753. A total of 1,436,841 five-year Class T warrants have been issued for finders fees related to this debt financing including 1,030,547 to a related party. The warrants issued for finders fees were fair valued at $25,863 for the three months ended March 31, 2019, using a Black Scholes valuation model (see table below), and are included in interest expense and finance costs. During the three months ended March 31, 2019 and 2018, the Company accrued cash finders fees related to this debt financing totaling $40,350 and $21,000, respectively, to related party entities and are included in interest expense and finance costs. Interest and financing costs, including finders fees, of $127,048 and $62,404 were expensed during the three months ended March 31, 2019 and March 31, 2018, respectively. Total interest of $309,478 is accrued at March 31, 2019 and is included in Interest payable and Interest payable – related parties. Interest due at March 31, 2019 was not timely paid. To date, the senior secured notes have not been paid, and the note holders have not demanded payment and have indicated willingness to work with the Company to extend the due date. The table below summarizes the total senior secured notes due, the amount received with discount, warrants issued for finders fees and cash expensed for finders fees for all periods related to the senior secured notes payable and senior secured notes payable – related party. Tranche Date Net amount after 5% Discount Note Prior to Discount Warrants issued to lenders Finders fees in Warrants Finders fees in Cash Notes Payable Dec. 22, 2017 $ 705,000 $ 742,105 3,896,047 311,684 $ - Notes Payable Dec. 24, 2018 $ 200,000 $ 210,526 1,105,262 88,421 $ 6,000 Notes Payable March 31, 2019 $ 14,000 $ 14,737 77,368 6,189 $ 420 $ 919,000 $ 967,368 5,078,677 406,294 $ 6,420 Related Party Dec. 22, 2017 $ 1,000,000 $ 1,052,632 5,526,312 442,105 $ 30,000 Related Party Dec. 24, 2018 $ 1,260,000 $ 1,326,316 6,963,155 557,052 $ 37,800 Related Party March 31, 2019 $ 71,000 $ 74,737 392,368 31,390 $ 2,130 $ 2,331,000 $ 2,453,685 12,881,835 1,030,547 $ 69,930 $ 3,250,000 $ 3,421,053 17,960,512 1,436,841 $ 76,350 The total fair value of the Class T warrants was estimated on the issue dates at $34,860 and $0 for the three months ended March 31, 2019 and March 31, 2018, respectively, using the following weighted average assumptions: March 31, 2019 Market price of common stock on date of issuance $0.02 - $0.0275 Risk-free interest rate 2.43% - 2.51% Expected dividend yield 0 Expected term (in years) 5 Expected volatility 154.7% - 155.6% The senior secured notes are secured by distributions from the GNP joint venture. The notes rank junior to: (i) Any GNP Distributions that are only deemed to be made by GNP to Goldrich Placer pursuant to the Operating Agreement but are then withheld pursuant to Section 10.1 of the Operating Agreement; and (ii) Any GNP Distributions that are made by GNP to Goldrich Placer pursuant to the GNP Operating Agreement but are then withheld to pay Loan 3 and 2012 reclamation expenses; and (iii) Any GNP Distributions that are made by GNP to Goldrich Placer pursuant to the Operating Agreement but are then used to pay legal fees relating to mediation/arbitration concerning distributions due to Goldrich Placer from GNP; and (iv) Any GNP Distributions that are part of the Chandalar Sale, described below; and (v) Any GNP Distributions that are part of the GVC Sale, described below; and (vi) Any GNP Distributions which are secured by the Company’s outstanding Senior Gold Forward Sales Contracts. The Chandalar Sale relates to a purchase agreement, dated as of June 19, 2015, whereby the Company, through its subsidiary Goldrich Placer, sold and assigned to CGL 12% of any and all GNP Distributions to Goldrich Placer, subject to the limitations set forth in the purchase agreement and the related assignment. See Note 3 Joint Venture See Note 3 Joint Venture Repayment of all amounts owed under the notes are guaranteed by Goldrich Placer, which in turn owns a 50% interest in Goldrich NyacAU Placer LLC. See Note 3 Joint Venture

6. Notes Payable in Gold

6. Notes Payable in Gold	3 Months Ended
	Mar. 31, 2019
Notes
6. Notes Payable in Gold	6. NOTES PAYABLE IN GOLD During 2013, the Company issued notes payable in gold 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. On November 30, 2017, the Company renegotiated terms with the holders. A default condition arising from the non-delivery of the gold in 2017 was alleviated by agreements with the three note holders to extend the delivery date of gold to November 30, 2018, with the following terms: Fifteen percent (15%), or 76 ounces, of the required quantity of gold under the contract, prior to amendment one in 2014, amendment two in 2015, and amendment three in 2016, which was originally due on the Delivery Date of November 30, 2014, was delivered on November 30, 2017. In lieu of gold, the Company could elect to satisfy the delivery of the deliverable required quantity by paying, an amount equal to the deliverable required quantity times the greater of the original purchase price or the index price for the day preceding the date of payment. The Company paid a total of $97,295 in cash to satisfy this renegotiated term. The Company agreed to pay interest on the value of the delayed delivery required quantity of $341,543, at an annual non-compounding percentage rate of 10% payable quarterly with any remaining interest due and payable on the delivery date. If the delivery date index price on November 30, 2018 is less than the original purchase price, an additional adjusted required amount shall be delivered by December 31, 2018. On November 30, 2018, the Company renegotiated terms with the holders. A default condition arising from the non-delivery of the gold in 2018 was alleviated by agreements with the three note holders to extend the delivery date of gold to February 28, 2019, with the following terms: In relation to the remaining 55% of the original Required Quantity of Gold under the Contract, prior to Amendment One, Amendment Two, Amendment Three, and Amendment Four (the “Fourth Delayed Delivery Required Quantity”), such Fourth Delayed Delivery Required Quantity shall be delivered to the Purchaser at the Delivery Point on February 28, 2019. In relation to the Fourth Delayed Delivery Required Quantity, “Delivery Date” as set forth on the Confirmation Letter, is hereby amended to be no later than February 28, 2019. Subsequent to November 30, 2018, the Company hereby agrees to pay interest on the value of the Fourth Delayed Delivery Required Quantity (calculated as described in section 4 below) at an annual percentage rate of 10% (the “Interest Rate”) payable quarterly on December 31, 2018 with any remaining interest due and payable on the Delivery Date for the Fourth Delayed Delivery Required Quantity. Interest shall be non-compounding, provided however, that any interest no paid in full by any required Interest Payment Date, shall be added to the principal amount of the value of the Fourth Delayed Delivery Required Quantity and shall be subject to interest at the Interest Rate until such late interest payment is made in full. All interest due and payable shall be paid in cash to the Purchaser at the bank account designated by the Purchaser. Subsequent to November 30, 2018, the value of the Fourth Delayed Delivery Required Quantity shall be reset on December 1, 2018 and shall be equal to the number of ounces of Gold in the Fourth Delayed Delivery Required Quantity multiplied by the greater of either: (a) the Delivery Date Index Price (as defined in the Contract) on November 30, 2017: (b) the Delivery Date Index Price (as defined in the Contract) on November 30, 2018; or (c) the Original Purchase Price used to calculate the amount of gold due in the Confirmation Letter. The Original Purchase Price was the lesser of either (i) $1,350 per ounce of fine gold or (ii) a 25% discount to the Initial Index Price (as defined in the Contract). If the Delivery Date Index Price on February 28, 2019, or on the actual date delivery is made if delivery is before February 28, 2019, is less than the Original Purchase Price, an Additional Adjusted Required Amount, equal to the Fourth Delayed Delivery Required Quantity multiplied by a ratio, consisting of the Original Purchase Price as the numerator and the Delivery Date Index Price on February 28, 2019, or on the actual date delivery is made if delivery is before February 28, 2019, as the denominator, less the Fourth Delayed Delivery Required Quantity, shall be delivered to the Purchaser at the Delivery Point by March 31, 2019. For the three months ended March 31, 2019, using the value of the Fourth Delayed Delivery Price of $1,319, the Company recognized a change in fair value of $9,777. For the three months ended March 31, 2018, using a forward gold price of $1,341, the Company recognized a change in fair value of $1,828 in accounting for these notes as derivatives. The fair value was calculated using the market approach with Level 2 inputs of gold future delivery contracts. At March 31, 2019 and December 31, 2018, the Company had outstanding total notes payable in gold of $351,934 and $342,157, respectively, representing 266.788 ounces of fine gold deliverable at March 31, 2019. Interest of $8,011 was expensed during the three months ended March 31, 2019, of which $2,990 is accrued at March 31, 2019 and is included in Interest payable. Due to the Joint Venture’s failure to meet Minimum Production Requirements or make a sufficient distribution to the Joint Venture partners, the Company was unable to make payment to the holders of the notes payable in gold. To date, the gold notes have not been paid, the note holders have not demanded payment and have indicated willingness to work with the Company to extend the due date.

7. Commitments and Contingencie

7. Commitments and Contingencies	3 Months Ended
	Mar. 31, 2019
Notes
7. Commitments and Contingencies	7. 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 2019. November 30, 2019 Claims Rental $ 90,670 Annual Labor 61,100 Yearly Totals $ 151,770 The Company has a carryover to 2019 of approximately $28.6 million to satisfy its annual labor requirements. This carryover expires in the years 2019 through 2024 if unneeded to satisfy requirements in those years.

8. Subsequent Events

8. Subsequent Events	3 Months Ended
	Mar. 31, 2019
Notes
8. Subsequent Events	8. SUBSEQUENT EVENTS Subsequent to the three months ended March 31, 2019, the Company entered into additional notes payable totaling $120,000, net of discounts, of which $70,000 was from a related party. The Company is currently in negotiations with holders of the senior secured notes as well as the holders of the notes payable in gold to amend the terms of the notes.

2. Summary of Significant Acc_2

2. Summary of Significant Accounting Policies: Reclassifications (Policies)	3 Months Ended
	Mar. 31, 2019
Policies
Reclassifications	Certain reclassifications have been made to conform prior year’s data to the current presentation. During the three months ended March 31, 2019, management reclassified Arbitration expenses of approximately $29k from Professional services, General and administrative and other line items on previously reported Consolidated Statements of Operations captions to a separate line item because of its significance to the Company’s operations during the year. These reclassifications have no impact of the total net loss for the three months ended March 31, 2019 and 2018.

2. Summary of Significant Acc_3

2. Summary of Significant Accounting Policies: Earnings (loss) Per Common Share (Policies)	3 Months Ended
	Mar. 31, 2019
Policies
Earnings (loss) Per Common Share	We are authorized to issue 250,000,000 shares of common stock, $0.10 par value per share. At March 31, 2019, there were 139,573,798 shares of our common stock issued and outstanding. For the periods ended March 31, 2019 and 2018, the effect of the Company’s outstanding preferred shares, options and warrants, totaling 105,868,923 and 103,386,073, respectively, would have been anti-dilutive.

2. Summary of Significant Acc_4

2. Summary of Significant Accounting Policies: Accounting For Investments in Joint Ventures (Policies)	3 Months Ended
	Mar. 31, 2019
Policies
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 venture’s 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 3 Joint Venture 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 Acc_5

2. Summary of Significant Accounting Policies: Recent Accounting Pronouncements (Policies)	3 Months Ended
	Mar. 31, 2019
Policies
Recent Accounting Pronouncements	In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09 Revenue Recognition. The new ASU establishes a new five step principles-based framework in an effort to significantly enhance comparability of revenue recognition practices across entities, industries, jurisdictions, and capital markets. In August 2015, the FASB issued ASU No. 2015-14 Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date. ASU No. 2015-14 defers the effective date of ASU No. 2014-09 until annual and interim reporting periods beginning after December 15, 2017. The Company adopted ASU No. 2014-09 as of January 1, 2018 using the full retrospective transition approach. The Company performed an assessment of the impact of implementation of ASU No. 2014-09, and concluded it did not change the timing of revenue recognition or amounts of revenue recognized compared to how revenue is recognized under current policies. ASU No. 2014-09 required additional disclosures, where applicable, on (i) contracts with customers, (ii) significant judgments and changes in judgments in determining the timing of satisfaction of performance obligations and the transaction price, and (iii) assets recognized for costs to obtain or fulfill contracts. In February 2016, the FASB issued ASU No. 2016-02 Leases (Topic 842). The update modifies the classification criteria and requires lessees to recognize the assets and liabilities on the balance sheet for most leases. The update is effective for fiscal years beginning after December 15, 2018, with early adoption permitted. The Company performed an assessment of the impact of implementation of ASU No. 2016-02, and concluded it will not have an impact on the consolidated financial statements. The Company currently has two operating leases for the corporate office rent and a small storage unit in Fairbanks, Alaska; both are less than a year and do not require recognition under the standard update. In August 2016, the FASB issued ASU No. 2016-15 Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments. The update provides guidance on classification for cash receipts and payments related to eight specific issues. The update was effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years, with early adoption permitted. Adoption of the update on January 1, 2018 had no impact on the consolidated financial statements. In November 2016, the FASB issued ASU No. 2016-18 Statement of Cash Flows (Topic 230): Restricted Cash. The update requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. The update was effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Adoption of the update on January 1, 2018 had no impact on the consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-01 Business Combinations (Topic 805): Clarifying the Definition of a Business. The update clarifies the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The update is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. The Company will apply the provisions of the update to potential future acquisitions. 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.

2. Summary of Significant Acc_6

2. Summary of Significant Accounting Policies: Cash and Cash Equivalents (Policies)	3 Months Ended
	Mar. 31, 2019
Policies
Cash and Cash Equivalents	For the purposes of the statement of cash flows, we consider all highly liquid investments with original maturities of three months or less when purchased to be cash equivalents.

2. Summary of Significant Acc_7

2. Summary of Significant Accounting Policies: Use of Estimates (Policies)	3 Months Ended
	Mar. 31, 2019
Policies
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 Acc_8

2. Summary of Significant Accounting Policies: Plant, Equipment, and Accumulated Depreciation (Policies)	3 Months Ended
	Mar. 31, 2019
Policies
Plant, 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 Acc_9

2. Summary of Significant Accounting Policies: Mining Properties, Claims and Royalty Option (Policies)	3 Months Ended
	Mar. 31, 2019
Policies
Mining Properties, Claims and Royalty Option	The Company capitalizes costs for acquiring mineral properties, claims and royalty option 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 Ac_10

2. Summary of Significant Accounting Policies: Income Taxes (Policies)	3 Months Ended
	Mar. 31, 2019
Policies
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.

2. Summary of Significant Ac_11

2. Summary of Significant Accounting Policies: Revenue Recognition (Policies)	3 Months Ended
	Mar. 31, 2019
Policies
Revenue Recognition	The Company does not have joint control or significant influence over the joint venture; therefore, distributions from our joint venture are recognized using the cost method. In accordance with ASU No. 2014-09, the Company has determined that our revenue does not arise from contracts with customers, does not involve satisfaction of any performance obligations on the part of the Company, or require company assets to be recognized or applied to determine costs to obtain or fulfill any contract generating revenue. At the conclusion of 2018 and 2017, Goldrich was allocated a distribution from its joint venture partner of $0 and $218,770, respectively. See note 3, Joint Venture.

2. Summary of Significant Ac_12

2. Summary of Significant Accounting Policies: Stock-based Compensation (Policies)	3 Months Ended
	Mar. 31, 2019
Policies
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. 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 expense for grants that vest immediately are recognized in the period of grant.

2. Summary of Significant Ac_13

2. Summary of Significant Accounting Policies: Exploration Costs (Policies)	3 Months Ended
	Mar. 31, 2019
Policies
Exploration Costs	<p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:13.5pt;text-align:justify'>Exploration costs are expensed in the period in which they occur. </p>

2. Summary of Significant Ac_14

2. Summary of Significant Accounting Policies: Derivatives (Policies)	3 Months Ended
	Mar. 31, 2019
Policies
Derivatives	The Company measures derivative contracts as assets or liabilities based on their fair value. Gains or losses resulting from changes in the fair value of derivatives in each period are recorded in current operating results. None of the Company’s derivative contracts qualify for hedge accounting. The Company does not hold or issue derivative financial instruments for speculative trading purposes.

2. Summary of Significant Ac_15

2. Summary of Significant Accounting Policies: Remediation and Asset Retirement Obligation (Policies)	3 Months Ended
	Mar. 31, 2019
Policies
Remediation and Asset Retirement Obligation	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 Ac_16

2. Summary of Significant Accounting Policies: Fair Value Measurements (Policies)	3 Months Ended
	Mar. 31, 2019
Policies
Fair Value Measurements	When required to measure assets or liabilities at fair value, the Company uses a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used. The Company determines the level within the fair value hierarchy in which the fair value measurements in their entirety fall. The categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Level 1 uses quoted prices in active markets for identical assets or liabilities, Level 2 uses significant other observable inputs, and Level 3 uses significant unobservable inputs. The amount of the total gains or losses for the period are 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. During 2019 and 2018, the Company determined fair value on a recurring basis and non-recurring basis as follows: Balance March 31, 2019 Balance December 31, 2018 Fair Value Hierarchy level Liabilities Recurring: Notes payable in gold (Note 6) $ 351,934 $ 342,157 2 The carrying amounts of financial instruments, including notes payable, approximate fair value at March 31, 2019 and December 31, 2018.

2. Summary of Significant Ac_17

2. Summary of Significant Accounting Policies: Fair Value Measurements: Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Tables)	3 Months Ended
	Mar. 31, 2019
Tables/Schedules
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	Balance March 31, 2019 Balance December 31, 2018 Fair Value Hierarchy level Liabilities Recurring: Notes payable in gold (Note 6) $ 351,934 $ 342,157 2

4. Related Party Transactions_

4. Related Party Transactions: Schedule of Related Party Transactions (Tables)	3 Months Ended
	Mar. 31, 2019
Tables/Schedules
Schedule of Related Party Transactions	CEO Three Months ended 3/31/19 Year ended 12/31/18 Beginning Balance $295,000 $192,500 Deferred During Period 45,000 180,000 Cash Paid During Period (10,000) (77,500) Ending Balance $330,000 $295,000 CFO Three Months ended 3/31/19 Year ended 12/31/18 Beginning Balance $64,909 $35,202 Deferred During Period 18,108 64,222 Cash Paid During Period (8,734) (34,515) Ending Balance $74,283 $64,909

5. Notes Payable & Notes Paya_2

5. Notes Payable & Notes Payable - Related Party: Schedule of senior secured notes (Tables)	3 Months Ended
	Mar. 31, 2019
Tables/Schedules
Schedule of senior secured notes	Tranche Date Net amount after 5% Discount Note Prior to Discount Warrants issued to lenders Finders fees in Warrants Finders fees in Cash Notes Payable Dec. 22, 2017 $ 705,000 $ 742,105 3,896,047 311,684 $ - Notes Payable Dec. 24, 2018 $ 200,000 $ 210,526 1,105,262 88,421 $ 6,000 Notes Payable March 31, 2019 $ 14,000 $ 14,737 77,368 6,189 $ 420 $ 919,000 $ 967,368 5,078,677 406,294 $ 6,420 Related Party Dec. 22, 2017 $ 1,000,000 $ 1,052,632 5,526,312 442,105 $ 30,000 Related Party Dec. 24, 2018 $ 1,260,000 $ 1,326,316 6,963,155 557,052 $ 37,800 Related Party March 31, 2019 $ 71,000 $ 74,737 392,368 31,390 $ 2,130 $ 2,331,000 $ 2,453,685 12,881,835 1,030,547 $ 69,930 $ 3,250,000 $ 3,421,053 17,960,512 1,436,841 $ 76,350

5. Notes Payable & Notes Paya_3

5. Notes Payable & Notes Payable - Related Party: Fair value of warrants (Tables)	3 Months Ended
	Mar. 31, 2019
Tables/Schedules
Fair value of warrants	March 31, 2019 Market price of common stock on date of issuance $0.02 - $0.0275 Risk-free interest rate 2.43% - 2.51% Expected dividend yield 0 Expected term (in years) 5 Expected volatility 154.7% - 155.6%

7. Commitments and Contingenc_2

7. Commitments and Contingencies: Patented and nonpatented claims, annual costs (Tables)	3 Months Ended
	Mar. 31, 2019
Tables/Schedules
Patented and nonpatented claims, annual costs	November 30, 2019 Claims Rental $ 90,670 Annual Labor 61,100 Yearly Totals $ 151,770

1. Basis of Presentation (Detai

1. Basis of Presentation (Details)	3 Months Ended
	Mar. 31, 2019
Details
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.

2. Summary of Significant Ac_18

2. Summary of Significant Accounting Policies: Earnings (loss) Per Common Share (Details) - $ / shares	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Details
Common Stock, Shares Authorized	250,000,000		250,000,000
Common Stock, Par or Stated Value Per Share	$ 0.10		$ 0.10
Common Stock, Shares, Outstanding	139,573,798		139,573,798
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	105,868,923	103,386,073

2. Summary of Significant Ac_19

2. Summary of Significant Accounting Policies: Revenue Recognition (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Details
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions	$ 0	$ 218,770

2. Summary of Significant Ac_20

2. Summary of Significant Accounting Policies: Fair Value Measurements: Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Details
Notes payable in gold	$ 351,934	$ 342,157

3. Joint Venture (Details)

3. Joint Venture (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2019	Mar. 31, 2018
Details
Cost-method Investments, Description			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.
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions			$ 0	$ 218,770
Arbitration (Note 3)	$ (46,724)	$ 29,176	$ (46,724)	$ 29,176

4. Related Party Transactions_2

4. Related Party Transactions: Schedule of Related Party Transactions (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Details
Fees due CEO	$ 330,000	$ 295,000
Fees due CFO	$ 74,283	$ 64,909

4. Related Party Transactions (

4. Related Party Transactions (Details) - Directors	12 Months Ended
	Mar. 31, 2019USD ($)shares
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture | shares	1,850,000
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture | $	$ 64,565

5. Notes Payable & Notes Paya_4

5. Notes Payable & Notes Payable - Related Party (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018
Details
Notes payable, net of discount	$ 967,371	$ 952,634
Notes payable, net of discount - related party	2,453,684	$ 2,378,947
Fair value of warrants estimated on issue dates	$ 34,860		$ 0

6. Notes Payable in Gold (Detai

6. Notes Payable in Gold (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2013	Dec. 31, 2018
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
Change in fair value, notes payable in gold	$ 9,777	$ 1,828
Notes payable in gold	$ 351,934			$ 342,157

7. Commitments and Contingenc_3

7. Commitments and Contingencies: Patented and nonpatented claims, annual costs (Details)	Nov. 30, 2019USD ($)
Details
Claims rental	$ 90,670
Annual labor requirement	61,100
Non-patented claims expense	$ 151,770

8. Subsequent Events (Details)

8. Subsequent Events (Details)	3 Months Ended
	Mar. 31, 2019
Details
Subsequent Event, Description	Subsequent to the three months ended March 31, 2019, the Company entered into additional notes payable totaling $120,000, net of discounts, of which $70,000 was from a related party.