FAIR VALUE OF FINANCIAL INSTRUMENTS

9 Months Ended

Sep. 30, 2018

Fair Value Disclosures [Abstract]

Fair Value Disclosures [Text Block]

3. FAIR VALUE OF FINANCIAL INSTRUMENTS

The carrying values of cash and cash equivalents, accounts receivable and accounts payable and accrued liabilities approximate their fair values due to the short-term maturity of these financial instruments.

Financial instruments measured at fair value are classified into one of three levels in the fair value hierarchy according to the significance of the inputs used in making the measurement. The three levels of the fair value hierarchy are as follows:

 Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities;

 Level 2 – Inputs other than quoted prices that are observable for the asset or liability either directly or indirectly; and

 Level 3 – Inputs that are not based on observable market data.

	Fair value as at September 30, 2018
	Level 1
Financial assets:
Marketable securities	$	-
Total	$	-

During the period ended September 30, 2018, the Company sold:

i) 65,000 shares of Millrock Resources Inc. for gross proceeds of $7,802 resulting in a realized loss of $26,664.

ii) 40,000 shares of Dunnedin Ventures Inc. for gross proceeds of $4,699 resulting in a realized gain of $4,699.

iii) 13,333 shares of Solstice Gold Corp. for gross proceeds of $2,018 resulting in a realized gain of $2,018.

	Fair value as at December 31, 2017
	Level 1
Financial assets:
Marketable securities	$	15,543
Total	$	15,543