XML 27 R26.htm IDEA: XBRL DOCUMENT v2.4.0.8
CAPITALIZED ACQUISITION COSTS (Details) (USD $)
3 Months Ended 9 Months Ended 424 Months Ended 9 Months Ended 9 Months Ended 9 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2013
Livengood Gold Project
Alaska Mental Health Trust mineral rights
Sep. 30, 2013
Livengood Gold Project
Alaska Mental Health Trust mineral rights
Production royalty
Minimum
Sep. 30, 2013
Livengood Gold Project
Alaska Mental Health Trust mineral rights
Production royalty
Maximum
Sep. 30, 2013
Livengood Gold Project
Federal unpatented lode mining
Sep. 30, 2013
Livengood Gold Project
Federal unpatented lode mining
Advance royalties
Minimum
Sep. 30, 2013
Livengood Gold Project
Federal unpatented lode mining
Production royalty
Sep. 30, 2013
Livengood Gold Project
Federal unpatented lode mining
Production royalty
Minimum
Sep. 30, 2013
Livengood Gold Project
Federal unpatented lode mining
Production royalty
Maximum
Sep. 30, 2013
Livengood Gold Project
Patented lode claims
Sep. 30, 2013
Livengood Gold Project
Patented lode claims
Advance royalties
Minimum
Sep. 30, 2013
Livengood Gold Project
Patented lode claims
Production royalty
Sep. 30, 2013
Livengood Gold Project
Unpatented federal lode mining and federal unpatented placer claims
Sep. 30, 2013
Livengood Gold Project
Unpatented federal lode mining and federal unpatented placer claims
Maximum
Sep. 30, 2013
Livengood Gold Project
Unpatented federal lode mining and federal unpatented placer claims
Advance royalties
Minimum
Sep. 30, 2013
Livengood Gold Project
Unpatented federal lode mining and federal unpatented placer claims
Production royalty
Dec. 31, 2011
Livengood Gold Project
Unpatented federal lode mining and federal unpatented placer claims
Production royalty
Minimum
Dec. 31, 2011
Livengood Gold Project
Unpatented federal lode mining and federal unpatented placer claims
Production royalty
Maximum
Capitalized acquisition costs                                            
Balance, at the beginning of the period     $ 55,173,564                                      
Balance, at the end of the period 55,173,564   55,173,564   55,173,564                                  
Exploration costs:                                            
Aircraft services     62,915 1,844,776                                    
Assay     10,924 777,004                                    
Drilling     (28,714) 8,378,230                                    
Environmental     1,776,134 2,874,513                                    
Equipment rental     332,193 1,309,746                                    
Field costs     752,928 6,017,737                                    
Geological/geophysical     3,253,822 8,362,518                                    
Land maintenance & tenure     414,351 354,708                                    
Legal     170,756 286,396                                    
Surveying and mapping     74,084 145,967                                    
Transportation and travel     48,833 50,550                                    
Total expenditures for the period 1,621,127 13,447,132 6,868,226 30,402,145 150,897,275                                  
Exploration And Evaluation Expenditures                                            
Term of lease           19 years                                
Flat annual fee (as a percent)           125.00%                                
Lease expenditures, additional disclosures                                            
Initial lease term                 10 years         10 years     10 years          
NSR, based on price of gold, payable (as a percent)             2.50% 5.00%       2.00% 3.00%               0.50% 1.00%
NSR payable (as a percent)                               3.00%       2.00%    
Expenditure since inception of lease           1,326,363     480,000         95,000     68,000          
Lease expenditure due on or before each anniversary date of lease                   50,000         20,000       15,000      
Royalty to be purchased by the entity (as a percent)                     1.00%                      
Purchase price payable for a portion of royalty                     1,000,000           1,000,000          
Lease expenditure due on or before each subsequent anniversary date of lease                             25,000              
Purchase price payable for purchase of all interests of the lessors in the leased property                           1,000,000                
Portion of purchase price for purchase of all interests of the lessors in the leased property, payable in cash                           500,000                
Period over which the cash purchase price for purchase of all interests of the lessors in the leased property is payable                           4 years                
Balance of purchase price for purchase of all interests of the lessors in the leased property, payable by way of NSR production royalty                           500,000                
NSR production royalty base for payments for acquisition of mining interest (as a percent)                               3.00%            
Amount payable to lessor on positive production decision                                       250,000    
Portion of amount payable to lessor on positive production decision                                       125,000    
Balance amount payable to lessor on positive production decision                                       $ 125,000    
Prescribed period for payment of the first half portion to lessor on positive production decision                                   120 days