CAPITALIZED ACQUISITION COSTS (Tables)

6 Months Ended

Jun. 30, 2018

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, 2017	$	55,204,041
Acquisition costs		-
Balance, June 30, 2018	$	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, 2018 and 2017:

	June 30, 2018		June 30, 2017
Exploration costs:
Aircraft services	$	4,200	$	4,050
Assay		-		412,811
Environmental		107,014		106,905
Equipment rental		16,805		23,875
Field costs		63,084		68,128
Geological/geophysical		270,463		307,023
Land maintenance & tenure		421,005		415,305
Legal		26,511		37,272
Transportation and travel		1,245		4,136
Total expenditures for the period	$	910,327	$	1,379,505