CAPITALIZED ACQUISITION COSTS (Tables)

6 Months Ended

Jun. 30, 2017

Mineral Industries Disclosures [Abstract]

Capitalized Acquisition Costs Mineral Properties [Table Text Block]

The Company had the following activity related to capitalized acquisition costs:

Capitalized acquisition costs	Amount
Balance, December 31, 2016	$	55,204,041
Acquisition costs		-
Balance, June 30, 2017	$	55,204,041

Cost Incurred in Oil and Gas Property Acquisition, Exploration, and Development Activities Disclosure [Table Text Block]

The following table presents costs incurred for exploration and evaluation activities for the six months ended June 30, 2017 and 2016:

	June 30, 2017		June 30, 2016
Exploration costs:
Aircraft services	$	4,050	$	4,050
Assay		412,811		-
Environmental		106,905		142,499
Equipment rental		23,875		21,586
Field costs		68,128		70,357
Geological/geophysical		307,023		1,293,989
Land maintenance & tenure		415,305		412,716
Legal		37,272		28,845
Transportation and travel		4,136		2,125
Total expenditures for the period	$	1,379,505	$	1,976,167