0001062993-18-002378.txt : 20180524 0001062993-18-002378.hdr.sgml : 20180524 20180524060545 ACCESSION NUMBER: 0001062993-18-002378 CONFORMED SUBMISSION TYPE: 20-F/A PUBLIC DOCUMENT COUNT: 70 CONFORMED PERIOD OF REPORT: 20171231 FILED AS OF DATE: 20180524 DATE AS OF CHANGE: 20180524 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Giga Metals Corp CENTRAL INDEX KEY: 0001336364 STANDARD INDUSTRIAL CLASSIFICATION: METAL MINING [1000] IRS NUMBER: 000000000 STATE OF INCORPORATION: A1 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 20-F/A SEC ACT: 1934 Act SEC FILE NUMBER: 000-52326 FILM NUMBER: 18856577 BUSINESS ADDRESS: STREET 1: 1060-1090 WEST GEORGIA STREET CITY: VANCOUVER STATE: A1 ZIP: V6E 3V7 BUSINESS PHONE: 604-681-2300 MAIL ADDRESS: STREET 1: 1060-1090 WEST GEORGIA STREET CITY: VANCOUVER STATE: A1 ZIP: V6E 3V7 FORMER COMPANY: FORMER CONFORMED NAME: HARD CREEK NICKEL CORP DATE OF NAME CHANGE: 20050816 20-F/A 1 form20fa.htm FORM 20-F/A Giga Metals Corporation - Form 20-F/A - Filed by newsfilecorp.com

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 20-F/A

(Amendment No.1)

[   ] REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934

OR

[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2017

OR

[   ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ____________ to ____________

OR

[   ] SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of event requiring this shell company report ____________

Commission file number 000-52326

GIGA METALS CORPORATION
(Exact name of Registrant as specified in its charter)

Not Applicable
(Translation of Registrant’s name into English)

British Columbia, Canada
(Jurisdiction of incorporation or organization)

203 – 700 West Pender Street Vancouver, British Columbia, V6C 1G8 Canada
(Address of principal executive offices)

1


Copy of communications to:
Bernard Pinsky, Esq.
Clark Wilson LLP
Barristers and Solicitors
Suite 800 – 885 West Georgia Street
Vancouver, British Columbia, Canada V6C 3H1
Telephone: 604-687-5700 Facsimile: 604-687-6314

Securities registered or to be registered pursuant to Section 12(b) of the Act.

Title of Class Name of each exchange on which registered
Not Applicable Not Applicable

Securities registered or to be registered pursuant to Section 12(g) of the Act.

Common Shares Without Par Value
(Title of Class)

Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act.

Not Applicable
(Title of Class)

Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report.

40,664,015 Common Shares without par value issued and outstanding as at December 31, 2017.

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
YES [   ]     NO [X]

If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
[   ] YES     [X] NO

Note – Checking the box above will not relieve any registrant required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 from their obligations under those Sections.

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
[X] YES     [   ] NO

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).
[X] YES     [   ] NO

2


Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See definition of “accelerated filer and large accelerated filer” in Rule 12b-2 of the Exchange Act. (Check one): Large accelerated filer [   ]
[   ] Accelerated filer [   ] Non-accelerated filer [X]

Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing:

U.S. GAAP [   ] Other [   ]
   
International Financial Reporting Standards as issued by the
International Accounting Standards Board [X]

If “Other” has been checked in response to the previous question, indicate by check mark which financial statement item the registrant has elected to follow.
[   ] ITEM 17     [X] ITEM 18

If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
[   ] YES     [X] NO

Explanatory Note

Giga Metals Corporation is filing this Amendment No. 1 to its Annual Report on Form 20-F for the year ended December 31, 2017 (the “Form 20-F”), which was filed with the Securities and Exchange Commission on April 30, 2018, to submit the Interactive Data File (as defined in Rule 11 of Regulation S-T) for that fiscal year as Exhibit 101 to the Form 20-F in accordance with Rule 405 of Regulation S-T. Exhibit 101 was omitted from the Form 20-F in accordance with the 30-day grace period provided under Rule 405(a)(2)(ii) of Regulation S-T.

Except as set forth above, this Form 20-F/A does not modify or update any of the disclosure in the Form 20-F. This Form 20-F/A speaks as of the time of filing of the Form 20-F, does not reflect events that may have occurred subsequent to such filing and does not modify or update in any way disclosure made in the Form 20-F.

Item 19        Exhibits

The following exhibits are furnished as part of this Amendment No. 1 to the Form 20-F:

Exhibit  
Number Description
   
101.INS XBRL Instance Document
   
101.SCH XBRL Taxonomy Extension Schema Document
   
101.CAL XBRL Taxonomy Extension Calculation Linkbase Document
   
101.DEF XBRL Taxonomy Extension Definition Linkbase Document
   
101.LAB XBRL Taxonomy Extension Label Linkbase Document
   
101.PRE XBRL Taxonomy Extension Presentation Linkbase Document


SIGNATURE

The registrant hereby certifies that it meets all of the requirements for filing on Form 20-F and that it has duly caused and authorized the undersigned to sign this annual report on its behalf.

GIGA METALS CORPORATION

“Matthew Anderson”

/s/ Matthew Anderson
Matthew Anderson

Chief Financial Officer
Date: May 24, 2018

4


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operations</b> </p> </td> </tr> </table> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;">Giga Metals Corporation (the &#8220;Company&#8221;) was incorporated on January 17, 1983, under the laws of the province of British Columbia, Canada, and its principal activity is the acquisition and exploration of mineral properties in Canada. 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The consolidated financial statements are presented in Canadian dollars unless otherwise noted.</p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;"> <b> <i>Consolidation</i> </b> </p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;">The consolidated financial statements include the accounts of the Company and its wholly owned Canadian subsidiary, Canadian Metals Exploration Ltd. Inter-company balances and transactions, including unrealized income and expenses arising from inter-company transactions, are eliminated on consolidation.</p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;"> <b> <i>Significant estimates and assumptions</i> </b> </p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;">The preparation of financial statements in accordance with IFRS requires the Company to make estimates and assumptions concerning the future. 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Option payments are considered acquisition costs provided that the Company has the intention of exercising the underlying option.</p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;">Property option agreements are exercisable entirely at the option of the optionee. Therefore, option payments (or recoveries) are recorded when payment is made (or received) and are not accrued.</p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;">Exploration and evaluation expenditures are capitalized. The Company capitalizes costs to specific blocks of claims or areas of geological interest. Government tax credits received are recorded as a reduction to the cumulative costs incurred and capitalized on the related property.</p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;">Exploration and evaluation assets are tested for impairment if facts or circumstances indicate that impairment exists. 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The consolidated financial statements are presented in Canadian dollars unless otherwise noted.</p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;"> <b> <i>Consolidation</i> </b> </p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;">The consolidated financial statements include the accounts of the Company and its wholly owned Canadian subsidiary, Canadian Metals Exploration Ltd. Inter-company balances and transactions, including unrealized income and expenses arising from inter-company transactions, are eliminated on consolidation.</p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;"> <b> <i>Significant estimates and assumptions</i> </b> </p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;">The preparation of financial statements in accordance with IFRS requires the Company to make estimates and assumptions concerning the future. 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Revisions to estimates are adjusted prospectively in the period in which the estimates are revised.</p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;">Estimates and assumptions where there is significant risk of material adjustments to assets and liabilities in future accounting periods include the useful lives of plant and equipment, the recoverability of the carrying value of exploration and evaluation assets, fair value measurements for financial instruments, the recoverability and measurement of deferred tax assets, provisions for restoration and environmental obligations and contingent liabilities.</p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;"> <b> <i>Significant judgments</i> </b> </p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;">The preparation of financial statements in accordance with IFRS requires the Company to make judgments, apart from those involving estimates, in applying accounting policies. 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Option payments are considered acquisition costs provided that the Company has the intention of exercising the underlying option.</p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;">Property option agreements are exercisable entirely at the option of the optionee. Therefore, option payments (or recoveries) are recorded when payment is made (or received) and are not accrued.</p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;">Exploration and evaluation expenditures are capitalized. The Company capitalizes costs to specific blocks of claims or areas of geological interest. Government tax credits received are recorded as a reduction to the cumulative costs incurred and capitalized on the related property.</p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;">Exploration and evaluation assets are tested for impairment if facts or circumstances indicate that impairment exists. Examples of such facts and circumstances are as follows:</p> <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; font-family: times,serif;" width="100%"> <tr valign="top"> <td width="10%">&#160;</td> <td align="left">-</td> <td align="left" width="85%">the period for which the Company has the right to explore in the specific area has expired during the period or will expire in the near future, and is not expected to be renewed;</td> </tr> <tr valign="top"> <td width="10%">&#160;</td> <td align="left">-</td> <td align="left" width="85%">substantive expenditure on further exploration for and evaluation of mineral resources in the specific area is neither budgeted nor planned;</td> </tr> <tr valign="top"> <td width="10%">&#160;</td> <td align="left">-</td> <td align="left" width="85%"> <p align="justify" style="font-family: times,serif; font-size: 10pt; margin: inherit;">exploration for and evaluation of mineral resources in the specific area have not led to the discovery of commercially viable quantities of mineral resources and the entity has decided to discontinue such activities in the specific area; and</p> </td> </tr> </table> <br/> <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; font-family: times,serif;" width="100%"> <tr valign="top"> <td width="10%">&#160;</td> <td align="left">-</td> <td align="left" width="85%"> <p align="justify" style="font-family: times,serif; font-size: 10pt; margin: inherit;">sufficient data exist to indicate that, although a development in the specific area is likely to proceed, the carrying amount of the exploration and evaluation asset is unlikely to be recovered in full from successful development or by sale.</p> </td> </tr> </table> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;">After technical feasibility and commercial viability of extracting a mineral resource are demonstrable, the Company stops capitalizing expenditures for the applicable block of claims or geological area of interest and tests the asset for impairment. The capitalized balance, net of any impairment recognized, is then reclassified to either tangible or intangible mine development assets according to the nature of the asset.</p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;"> <b> <i>Share-based payments</i> </b> </p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;">The Company operates an employee stock option plan. Share-based payments to employees are measured at the fair value of the instruments issued and amortized over the vesting periods. Share-based payments to non-employees are measured at the fair value of goods or services received or the fair value of the equity instruments issued, if it is determined the fair value of the goods or services cannot be reliably measured, and are recorded at the date the goods or services are received. The corresponding amount is recorded to the share-based payment reserve. The fair value of options is determined using the Black&#8211;Scholes option pricing model which incorporates all market vesting conditions. The number of shares and options expected to vest is reviewed and adjusted at the end of each reporting period such that the amount recognized for services received as consideration for the equity instruments granted shall be based on the number of equity instruments that eventually vest.</p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;"> <b> <i>Loss per share</i> </b> </p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;">Basic loss per share is calculated by dividing the loss attributable to common shareholders by the weighted average number of common shares outstanding in the period. For all periods presented, the loss attributable to common shareholders equals the reported loss attributable to owners of the Company. Diluted loss per share is calculated by the treasury stock method. Under the treasury stock method, the weighted average number of common shares outstanding for the calculation of diluted loss per share assumes that the proceeds to be received on the exercise of dilutive share options and warrants are used to repurchase common shares at the average market price during the period.</p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;"> <b> <i>Financial instruments</i> </b> </p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;">The Company classifies its financial instruments in the following categories: financial assets at fair value through profit or loss, loans and receivables, held-to-maturity investments, available-for-sale financial assets and financial liabilities. The classification depends on the purpose for which the financial instruments were acquired. Management determines the classification of its financial instruments at initial recognition.</p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;">Financial assets are classified at fair value through profit or loss when they are either held for trading for the purpose of short-term profit taking, derivatives not held for hedging purposes, or when they are designated as such to avoid an accounting mismatch or to enable performance evaluation where a group of financial assets is managed by key management personnel on a fair value basis in accordance with a documented risk management or investment strategy. Such assets are subsequently measured at fair value with changes in carrying value being included in profit or loss.</p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;"> Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market and are subsequently measured at amortized cost. They are included in current assets, except for maturities greater than 12 months after the end of the reporting period. These are classified as non-current assets. </p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;"> Available-for-sale financial assets are non-derivative financial assets that are designated as available-for-sale or are not suitable to be classified as financial assets at fair value through profit or loss, loans and receivables or held-to-maturity investments and are subsequently measured at fair value. These are included in current assets to the extent they are expected to be realized within 12 months after the end of the reporting period. Unrealized gains and losses are recognized in other comprehensive income, except for impairment losses and foreign exchange gains and losses on monetary financial assets. </p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;">Non-derivative financial liabilities (excluding financial guarantees) are subsequently measured at amortized cost. Regular purchases and sales of financial assets are recognized on the trade-date &#8211; the date on which the group commits to purchase the asset.</p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;">Financial assets are derecognized when the rights to receive cash flows from the investments have expired or have been transferred and the Company has transferred substantially all risks and rewards of ownership.</p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;">At each reporting date, the Company assesses whether there is objective evidence that a financial instrument has been impaired. In the case of available-for-sale financial instruments, a significant and prolonged decline in the value of the instrument is considered to determine whether an impairment has arisen.</p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;">The Company does not have any derivative financial assets and liabilities.</p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;"> <b> <i>Impairment of assets</i> </b> </p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;">The carrying amount of the Company&#8217;s assets (which include plant and equipment and exploration and evaluation assets) is reviewed at each reporting date to determine whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss. An impairment loss is recognized whenever the carrying amount of an asset or its cash generating unit exceeds its recoverable amount. Impairment losses are recognized in the statement of comprehensive loss.</p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;">The recoverable amount of assets is the greater of an asset&#8217;s fair value less cost to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects the current market assessments of the time value of money and the risks specific to the asset. For an asset that does not generate cash inflows largely independent of those from other assets, the recoverable amount is determined for the cash-generating unit to which the asset belongs.</p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;">An impairment loss is only reversed if there is an indication that the impairment loss may no longer exist and there has been a change in the estimates used to determine the recoverable amount. Any reversal of impairment cannot increase the carrying value of the asset to an amount higher than the carrying amount that would have been determined had no impairment loss been recognized in previous years.</p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;">Assets that have an indefinite useful life are not subject to amortization and are tested annually for impairment.</p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;"> <b> <i>Income taxes</i> </b> </p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;"> <u>Current income tax:</u> <br/> Current income tax assets and liabilities for the current period are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted, at the reporting date, in the countries where the Company operates and generates taxable income. </p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;">Current income tax relating to items recognized directly in other comprehensive income or equity is recognized in other comprehensive income or equity and not in profit or loss. Management periodically evaluates positions taken in the tax returns with respect to situations in which applicable tax regulations are subject to interpretation and establishes provisions where appropriate.</p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;"> <u>Deferred income tax:</u> <br/> Deferred income tax is recognized, using the asset and liability method, on temporary differences at the reporting date arising between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes. </p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;">The carrying amount of deferred income tax assets is reviewed at the end of each reporting period and recognized only to the extent that it is probable that sufficient taxable profit will be available to allow all or part of the deferred income tax asset to be utilized.</p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;">Deferred income tax assets and liabilities are measured at the tax rates that are expected to apply to the year when the asset is realized or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.</p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;">Deferred income tax assets and deferred income tax liabilities are offset, if a legally enforceable right exists to set off current tax assets against current income tax liabilities and the deferred income taxes relate to the same taxable entity and the same taxation authority.</p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;"> <u>Flow-through shares:</u> <br/> On the issuance of flow-through shares, any premium received in excess of the market price of the Company&#8217;s common shares is initially recorded as a liability (&#8220;flow-through tax liability&#8221;). Provided that the Company has renounced the related expenditures, or that there is a reasonable expectation that it will do so, the flow-through tax liability is reduced on a pro-rata basis as the expenditures are incurred. If such expenditures are capitalized, a deferred tax liability is recognized. To the extent that the Company has suitable unrecognized deductible temporary differences, an offsetting recovery of deferred income taxes would be recorded. </p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;"> <b> <i>Restoration and environmental obligations</i> </b> <br/> The Company recognizes liabilities for statutory, contractual, constructive or legal obligations associated with the retirement of long-term assets, when those obligations result from the acquisition, construction, development or normal operation of the assets. The net present value of future restoration cost estimates arising from the decommissioning of plant and other site preparation work is capitalized to the related asset along with a corresponding increase in the restoration provision in the period incurred. Discount rates using a pre-tax rate that reflect the time value of money are used to calculate the net present value. </p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;">The Company&#8217;s estimates of restoration costs could change as a result of changes in regulatory requirements, discount rates and assumptions regarding the amount and timing of the future expenditures. These changes are recorded directly to the related asset with a corresponding entry to the restoration provision. The Company&#8217;s estimates are reviewed annually for changes in regulatory requirements, discount rates, effects of inflation and changes in estimates.</p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;">Changes in the net present value, excluding changes in the Company&#8217;s estimates of restoration costs, are charged to the statement of comprehensive loss for the period.</p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;">The net present value of restoration costs arising from subsequent site damage that is incurred on an ongoing basis during production are charged to the statement of comprehensive loss in the period incurred.</p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;">The costs of restoration projects that were included in the provision are recorded against the provision as incurred. 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The amortization rates applicable to each category of property, plant and equipment are as follows:</p> <div align="center"> <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; font-family: times,serif;" width="80%"> <tr valign="top"> <td align="left" nowrap="nowrap" valign="bottom"> <b>Class of equipment</b> </td> <td align="left" nowrap="nowrap" valign="bottom" width="50%"> <b>Amortization rate</b> </td> </tr> <tr valign="top"> <td align="left" bgcolor="#e6efff">Motor vehicles</td> <td align="left" bgcolor="#e6efff" width="50%"> 30% declining balance </td> </tr> <tr valign="top"> <td align="left">Computer equipment</td> <td align="left" width="50%"> 30% declining balance </td> </tr> <tr valign="top"> <td align="left" bgcolor="#e6efff">Exploration and office equipment</td> <td align="left" bgcolor="#e6efff" width="50%"> 20% declining balance </td> </tr> </table> </div> <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; font-family: times,serif;" width="80%"> <tr valign="top"> <td align="left" nowrap="nowrap" valign="bottom"> <b>Class of equipment</b> </td> <td align="left" nowrap="nowrap" valign="bottom" width="50%"> <b>Amortization rate</b> </td> </tr> <tr valign="top"> <td align="left" bgcolor="#e6efff">Motor vehicles</td> <td align="left" bgcolor="#e6efff" width="50%"> 30% declining balance </td> </tr> <tr valign="top"> <td align="left">Computer equipment</td> <td align="left" width="50%"> 30% declining balance </td> </tr> <tr valign="top"> <td align="left" bgcolor="#e6efff">Exploration and office equipment</td> <td align="left" bgcolor="#e6efff" width="50%"> 20% declining balance </td> </tr> </table> 30% declining balance 30% declining balance 20% declining balance <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; font-family: times,serif;" width="100%"> <tr> <td valign="top" width="5%"> <b>3.</b> </td> <td> <p align="justify" style="font-family: times,serif; font-size: 10pt; margin: inherit;"> <b>Accounting standards issued but not yet effective</b> </p> </td> </tr> </table> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;">New standard IFRS 9 &#8220;Financial Instruments&#8221; is a partial replacement of IAS 39 &#8220;Financial Instruments: Recognition and Measurement&#8221;. 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align="left" valign="bottom" width="1%">&#160;</td> <td align="right" valign="bottom" width="8%"> 2,052,292 </td> <td align="left" valign="bottom" width="2%">&#160;</td> </tr> <tr valign="top"> <td width="5%">&#160;</td> <td align="left" bgcolor="#e6efff" valign="bottom">Claims renewal / staking</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">&#160;</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="8%"> 459,261 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="2%">&#160;</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">&#160;</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="8%"> - </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="2%">&#160;</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">&#160;</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="8%"> 459,261 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="2%">&#160;</td> <td align="left" 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align="left" valign="bottom" width="2%">&#160;</td> <td align="left" valign="bottom" width="1%">&#160;</td> <td align="right" valign="bottom" width="8%"> 917,422 </td> <td align="left" valign="bottom" width="2%">&#160;</td> </tr> <tr valign="top"> <td width="5%">&#160;</td> <td align="left" bgcolor="#e6efff" valign="bottom">First Nations</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">&#160;</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="8%"> 166,444 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="2%">&#160;</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">&#160;</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="8%"> - </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="2%">&#160;</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">&#160;</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="8%"> 166,444 </td> <td align="left" bgcolor="#e6efff" valign="bottom" 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14633140 0 335907 0 14633140 15883566 335907 663144 <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; font-family: times,serif;" width="100%"> <tr> <td valign="top" width="5%"> <b>10.</b> </td> <td> <p align="justify" style="font-family: times,serif; font-size: 10pt; margin: inherit;"> <b>Share capital</b> </p> </td> </tr> </table> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;"> <b> <i>Authorized share capital</i> </b> </p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;">Unlimited number of common shares without par value.</p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;"> <b> <i>Issued share capital</i> </b> </p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;">On August 28, 2017, the Company consolidated its common shares on a basis of one (1) new common share for two (2) old common shares held. 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Each unit consists of one common share and one share purchase warrant exercisable into one common share at a price of $0.07 during the first year and $0.08 during years two and three. The Company used the residual method to value the share purchase warrants, allocating a value of $nil. As part of the private placement, the Company incurred other cash issuance costs of $4,575. </p> </td> </tr> <tr> <td width="5%">&#160;</td> <td width="5%">&#160;</td> <td>&#160;</td> </tr> <tr> <td width="5%">&#160;</td> <td valign="top" width="5%">II)</td> <td> <p align="justify" style="font-family: times,serif; font-size: 10pt; margin: inherit;"> On October 24, 2017, the Company closed a private placement of 6,750,000 units at a price of $0.35 per unit for gross proceeds of $2,362,500. Each unit consists of one common share and one half of one share purchase warrant. Each whole warrant is exercisable into one common share at a price of $0.45 with an expiry date of three years after the closing date. The Company used the residual method to value the share purchase warrants, allocating a value of $nil. </p> </td> </tr> <tr> <td width="5%">&#160;</td> <td width="5%">&#160;</td> <td>&#160;</td> </tr> <tr> <td width="5%">&#160;</td> <td width="5%">&#160;</td> <td> <p align="justify" style="font-family: times,serif; font-size: 10pt; margin: inherit;"> As part of the private placement, the Company paid $126,313 in finder&#8217;s fees and other cash issuance costs of $16,663. In addition, the Company issued 396,000 in broker warrants with an expiry date of one year after the closing date. The fair value of $111,210 for the broker warrants was estimated using the Black-Scholes Option Pricing Model and was charged to share issue costs and credited to contributed surplus. The assumptions used in the Black-Scholes Option Pricing Model were as follows: share price of $0.54 ; exercise price of $0.35 ; expected volatility of 100%; expected life of 1 year; a risk-free interest rate of 0.73%; and an expected dividend rate of nil. </p> </td> </tr> <tr> <td width="5%">&#160;</td> <td width="5%">&#160;</td> <td>&#160;</td> </tr> <tr> <td width="5%">&#160;</td> <td valign="top" width="5%">III)</td> <td> <p align="justify" style="font-family: times,serif; font-size: 10pt; margin: inherit;"> On December 20, 2017, the Company closed a private placement of 1,813,333 units at a price of $0.60 per unit for gross proceeds of $1,088,000. Each unit consists of one common share and one half of one share purchase warrant. Each whole warrant is exercisable into one common share at a price of $0.70 with an expiry date of three years after the closing date. 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The Company has adopted an incentive stock option plan, which provides that the Board of Directors of the Company may from time to time, in its discretion, and in accordance with the Exchange requirements, grant to directors, officers, employees and technical consultants to the Company, non-transferable stock options to purchase common shares, provided that the number of common shares reserved for issuance will not exceed 10% of the Company&#8217;s issued and outstanding common shares. Such options will be exercisable for a period of up to 5 years from the date of grant. In connection with the foregoing, the number of common shares reserved for issuance to any one optionee will not exceed five percent (5%) of the issued and outstanding common shares and the number of common shares reserved for issuance to all investor relations and technical consultants will not exceed two percent (2%) of the issued and outstanding common shares. 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Each unit consisted of one common share and one-half share purchase warrant. Each full warrant is exercisable into one common share at a price of $0.70 for three years after the closing date. As part of the private placement, the Company paid $22,080 in finder&#8217;s fees. In addition, the Company issued 36,800 in broker warrants with an expiry date of one year after the closing date. As at December 31, 2017, proceeds of $27,000 had been received as subscriptions for this private placement. </p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;"> <i>Exercise of warrants</i> </p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;"> Subsequent to December 31, 2017, the Company issued 300,000 common shares for the exercise of 300,000 share purchase warrants at $0.10 and 100,000 common shares for the exercise of 100,000 share purchase warrants at $0.07. </p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;"> <i>Grant of options</i> </p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;"> On February 5, 2018, the Company granted 850,000 stock options to directors, officers, employees and consultants at a price of $0.55 per share exercisable up to February 5, 2023. Of the 850,000 stock options granted, 600,000 vested immediately and the remaining 250,000 vest as to 25% every three months from the date of grant. </p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;"> On April 3, 2018, the Company granted 200,000 stock options to an employee at a price of $0.60 per share exercisable up to April 3, 2023. The options vest as to 25,000 on the date of grant and 25,000 every three months thereafter. </p> <p align="justify" style="margin-left: 5%; font-family: times,serif; font-size: 10pt;"> On April 20, 2018, the Company granted 75,000 stock options to an officer and a consultant at a price of $0.60 per share exercisable up to April 20, 2023. 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Number of warrants expired in share-based payment arrangement Number of warrants expired in share-based payment arrangement Weighted average exercise price of warrants expired in share-based payment arrangement Weighted average exercise price of warrants expired in share-based payment arrangement Number of warrants outstanding in share-based payment arrangement Weighted average exercise price of warrants outstanding in share-based payment arrangement Weighted average exercise price Weighted average contractual life Weighted average contractual life Number of warrants outstanding Consulting fees (include in office and general) Interest expense Interest expense Management fees Management fees Key management personnel compensation Within one year [Member] Between one and five years [Member] More than five years [Member] Trade payables and accrued liabilities Cash and cash equivalents Reclamation deposits Financial assets Levels of fair value hierarchy [Axis] All levels of fair value hierarchy [Domain] Level 1 [Member] Level 2 [Member] Level 3 [Member] Cash Total current assets Total Noncurrent Assets TOTAL ASSETS TOTAL LIABILITIES Share Subscriptions Received TOTAL EQUITY TOTAL LIABILITIES AND EQUITY Consulting Expense Investor Relations Operating expenses, total Other Income Loss [Abstract] Interest income Other operating income (expense) Loss and comprehensive loss for the year Beginning Balance (Shares) Private placement Private placement (Shares) Share issuance costs Increase Decrease Through Cash Finders Fees Increase Decrease Through Cash Brokers Warrants Exercise of warrants Exercise of warrants (Shares) Exercise of options Exercise of options (Shares) Stock-based compensation (IncreaseDecreaseThroughSharebasedPaymentTransactions) Comprehensive loss for the year Amortization (AdjustmentsForDepreciationAndAmortisationExpense) Stock-based compensation (AdjustmentsForSharebasedPayments) Exploration property impairment and expenditures Changes In Non Cash Working Capital Items [Abstract] Receivables (AdjustmentsForDecreaseIncreaseInTradeAccountReceivable) Adjustments For Increase Decrease In Prepaid Expense Trade payables and accrued liabilities (AdjustmentsForIncreaseDecreaseInTradeAccountPayable) Net cash flows used in operating activities Expenditures on exploration and evaluation assets Purchase of equipment Proceeds From Reclamation Deposits Proceeds From B C Mining Tax Credit Settlement Net cash flows used in investing activities Share issue costs Net cash flows from financing activities Increase in cash and cash equivalents Cash Disclosure Of Nature And Continuance Of Operations Explanatory [Text Block] Description Of Accounting Policy For Statement Of Compliance With International Financial Reporting Standards Explanatory Policy [Text Block] Description Of Accounting Policy For Basis Of Preparation Explanatory Policy [Text Block] Description Of Accounting Policy For Significant Estimates And Assumptions Explanatory Policy [Text Block] Description Of Accounting Policy For Significant Judgments Explanatory Policy [Text Block] Disclosure Of Detailed Information About Estimated Useful Life Or Depreciation Rate Explanatory Disclosure Of Detailed Information About Trade And Other Receivables Explanatory Disclosure Of Detailed Information About Deferred Exploration Costs Explanatory Disclosure Of Detailed Information About Trade And Other Payables Explanatory Disclosure Of Detailed Information About Effective Income Tax Expense Recovery Explanatory Disclosure Of Detailed Information About Tax Pools Available Explanatory Disclosure Of Detailed Information About Options Valuation Assumptions Explanatory Disclosure Of Detailed Information About Warrants Activity Explanatory Disclosure Of Detailed Information About Warrants Outstanding Explanatory Working Capital Mineral Claim Ownership Percentage Net Smelter Return Royalty Price Per Percentage Of Net Smelter Return Royalty Exploration and evaluation expenditures Number of shares issued Number Of Units Granted In Sharebased Payment Arrangement Equity Issuance Price Per Unit Proceeds From Issuance Of Units Weighted Average Exercise Price Of Warrants Granted In Sharebased Payment Arrangement Fair Value Of Warrants Granted During Period Payments For Finders Fees Number Of Broker Warrants Granted In Share Based Payment Arrangement Fair Value Of Broker Warrants Granted In Share Based Payment Arrangement Weighted Average Share Price Warrants Granted Weighted Average Exercise Price Of Warrants Granted In Share Based Payment Arrangement Description Of Expected Volatility Warrants Granted Description Of Option Life Warrants Granted Description Of Risk Free Interest Rate Warrants Granted Expected Dividend As Percentage Warrants Granted Description of instruments with potential future dilutive effect not included in calculation of diluted earnings per share Description of maximum term of options granted for share-based payment arrangement Number of share options granted in share-based payment arrangement Weighted average fair value at measurement date, share options granted Key management personnel compensation, short-term employee benefits Key management personnel compensation, stock-based compensation Subsequent Events Exercise Of Warrants One [Member] Subsequent Events Exercise Of Warrants Two [Member] Number Of Warrants Exercised In Sharebased Payment Arrangement Weighted Average Exercise Price Of Warrants Exercised In Sharebased Payment Arrangement Price Of Share Options Granted Description of vesting requirements for share-based payment arrangement Useful lives or depreciation rates, property, plant and equipment Goods and Service sales tax Current British Columbia Mining Tax Credits Interest receivable Other receivable Additions Charge for the year Claims Renewal Staking [Member] Federal Nonrefundable Mining Tax Credits Net Of Valuation Allowance [Member] Change In Exploration And Evaluation Assets Trade payables Accrued liabilities Two Zero Three Seven [Member] Minimum operating lease payments Loss before income taxes Statutory tax rate Expected income tax recovery at the statutory tax rate Permanent differences Tax Effect Of Tax Pool Not Recognized Other Income tax recovery (DeferredTaxExpenseIncome) Noncapital Loss Carryforwards [Member] Other Deferred Tax Assets And Liabilities [Member] Deferred tax assets and liabilities Two Zero Two Five [Member] Two Zero Two Six [Member] Two Zero Two Seven [Member] Two Zero Two Eight [Member] Two Zero Two Nine [Member] Two Zero Three Zero [Member] Two Zero Three One [Member] Two Zero Three Two [Member] Two Zero Three Three [Member] Two Zero Three Four [Member] Two Zero Three Five [Member] Two Zero Three Six [Member] Noncapital Losses [Member] Deductible temporary differences for which no deferred tax asset is recognised Unused tax losses for which no deferred tax asset recognised Unused tax credits for which no deferred tax asset recognised Number of share options outstanding in share-based payment arrangement at beginning of period Weighted average exercise price of share options outstanding in share-based payment arrangement at beginning of period Weighted average exercise price of share options granted in share-based payment arrangement Number of share options exercised in share-based payment arrangement Weighted average exercise price of share options exercised in share-based payment arrangement Number of share options expired in share-based payment arrangement Weighted average exercise price of share options expired in share-based payment arrangement Number of share options exercisable in share-based payment arrangement Weighted average exercise price of share options exercisable in share-based payment arrangement Range One [Member] Range Two [Member] Range Three [Member] Range Four [Member] Range Five [Member] Range Six [Member] Weighted average contractual life (years) Share price Exercise price Expected life of options (years) Annualized volatility Risk-free interest rate Dividend rate Number Of Outstanding Warrants Weighted Average Exercise Price Of Warrants Outstanding In Sharebased Payment Arrangement Number Of Warrants Granted In Sharebased Payment Arrangement Number Of Warrants Expired In Sharebased Payment Arrangement Weighted Average Exercise Price Of Warrants Expired In Sharebased Payment Arrangement Weighted Average Remaining Contractual Life Of Outstanding Warrants Consulting fees (include in office and general) Key Management Personnel Compensation Interest Expense Key Management Personnel Compensation Management Fees Key management personnel compensation Financial assets EX-101.PRE 7 giga-20171231_pre.xml XBRL PRESENTATION FILE XML 8 R1.htm IDEA: XBRL DOCUMENT v3.8.0.1
Document and Entity Information
12 Months Ended
Dec. 31, 2017
shares
Statement [Line Items]  
Document Type 20-F
Amendment Flag false
Document Period End Date Dec. 31, 2017
Trading Symbol giga
Entity Registrant Name Giga Metals Corp
Entity Central Index Key 0001336364
Current Fiscal Year End Date --12-31
Entity Filer Category Smaller Reporting Company
Entity Common Stock, Shares Outstanding 40,664,015
Entity Current Reporting Status Yes
Entity Voluntary Filers No
Entity Well Known Seasoned Issuer No
Document Fiscal Year Focus 2017
Document Fiscal Period Focus FY
XML 9 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Financial Position - CAD ($)
Dec. 31, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 4,066,588 $ 85,758
Receivables 30,651 10,504
Prepaid expenses 361,425 8,406
Total current assets 4,458,664 104,668
Non-current assets    
Reclamation deposits 187,900 187,900
Equipment 9,463 10,320
Exploration and evaluation assets 1 1
Total Noncurrent Assets 197,364 198,221
TOTAL ASSETS 4,656,028 302,889
Current liabilities    
Trade payables and accrued liabilities 144,982 14,970
TOTAL LIABILITIES 144,982 14,970
EQUITY    
Share capital 53,218,158 48,887,797
Share-based payment reserve 6,745,535 6,196,470
Subscriptions received 27,000 0
Deficit (55,479,647) (54,796,348)
TOTAL EQUITY 4,511,046 287,919
TOTAL LIABILITIES AND EQUITY $ 4,656,028 $ 302,889
XML 10 R3.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Comprehensive Loss - CAD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Operating expenses    
Amortization $ 1,713 $ 2,968
Consulting 44,141 26,692
Investor relations 33,429 12,540
Legal and audit 21,167 18,178
Management fees 53,600 18,000
Office and general 123,067 75,112
Stock-based compensation 360,493 42,831
Operating expenses, total 637,610 196,321
Other items    
Exploration property impairments 51,964 29,093
Interest income (6,275) (1,302)
Other operating income (expense) 45,689 27,791
Loss and comprehensive loss for the year $ (683,299) $ (224,112)
Loss per share basic and diluted $ (0.03) $ (0.01)
Weighted average number of shares outstanding basic and diluted 25,986,111 18,347,211
XML 11 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statement of Changes in Equity - CAD ($)
Total
Share capital [Member]
Share-based payment reserve [Member]
Subscriptions received [Member]
Deficit [Member]
Beginning Balance at Dec. 31, 2015 $ 223,816 $ 48,642,413 $ 6,153,639   $ (54,572,236)
Beginning Balance (Shares) at Dec. 31, 2015   9,037,349      
Statement [Line Items]          
Private placement 250,000 $ 250,000      
Private placement (Shares)   12,500,000      
Share issuance costs (4,616) $ (4,616)      
Stock-based compensation 42,831   42,831    
Comprehensive loss for the year (224,112)       (224,112)
Ending Balance at Dec. 31, 2016 287,919 $ 48,887,797 6,196,470   (54,796,348)
Ending Balance (Shares) at Dec. 31, 2016   21,537,349      
Statement [Line Items]          
Private placement 4,727,500 $ 4,664,233 36,267 $ 27,000  
Private placement (Shares)   18,146,666      
Cash finders fees (230,473) $ (230,473)      
Cash brokers warrants   (152,305) 152,305    
Other fees (26,594) (26,594)      
Exercise of warrants 63,000 $ 63,000      
Exercise of warrants (Shares)   855,000      
Exercise of options 12,500 $ 12,500      
Exercise of options (Shares)   125,000      
Stock-based compensation 360,493   360,493    
Comprehensive loss for the year (683,299)       (683,299)
Ending Balance at Dec. 31, 2017 $ 4,511,046 $ 53,218,158 $ 6,745,535 $ 27,000 $ (55,479,647)
Ending Balance (Shares) at Dec. 31, 2017   40,664,015      
XML 12 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - CAD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Operating activities    
Loss for the year $ (683,299) $ (224,112)
Adjustments for:    
Amortization 1,713 2,968
Stock-based compensation 360,493 42,831
Exploration property impairment and expenditures 51,964 29,093
Changes in non-cash working capital items:    
Receivables (20,147) 9,412
Prepaid expense (353,019) (1,810)
Trade payables and accrued liabilities 130,012 (879)
Net cash flows used in operating activities (512,283) (142,497)
Investing activities    
Expenditures on exploration and evaluation assets (51,964) (29,093)
Purchase of equipment (856) 0
Net cash flows used in investing activities (52,820) (29,093)
Financing activities    
Proceeds on issuance of common shares 4,803,000 250,000
Share issue costs (257,067) (4,616)
Net cash flows from financing activities 4,545,933 245,384
Increase in cash and cash equivalents 3,980,830 73,794
Cash and cash equivalents, beginning 85,758 11,964
Cash and cash equivalents, ending 4,066,588 85,758
Cash 1,555,088 85,758
Cash equivalents $ 2,511,500 $ 0
XML 13 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
Nature and continuance of operations
12 Months Ended
Dec. 31, 2017
Statement [Line Items]  
Nature and continuance of operations [Text Block]
1.

Nature and continuance of operations

Giga Metals Corporation (the “Company”) was incorporated on January 17, 1983, under the laws of the province of British Columbia, Canada, and its principal activity is the acquisition and exploration of mineral properties in Canada. On August 28, 2017, the Company changed its name to Giga Metals Corporation from Hard Creek Nickel Corporation. The Company’s common shares are listed for trading on the TSX Venture Exchange (“TSXV”) under the symbol “GIGA”.

The head office, principal address and records office of the Company are located at 700 West Pender Street, Suite 203, Vancouver, British Columbia, Canada, V6C 1G8. The Company’s registered address is 885 West Georgia Street, Suite 800, Vancouver, British Columbia, Canada, V6C 3H1.

These consolidated financial statements have been prepared on the assumption that the Company and its subsidiary will continue as a going concern, meaning it will continue in operation for the foreseeable future and will be able to realize assets and discharge liabilities in the ordinary course of operations. As at December 31, 2017, the Company had working capital of $4,313,682 but the Company had not advanced its mineral properties to commercial production. The Company’s continuation as a going concern is dependent upon the successful results from its mineral property exploration activities and its ability to attain profitable operations and generate funds there from and/or raise equity capital or borrowings sufficient to meet current and future obligations. Management intends to finance operating costs over the next twelve months using existing cash.

XML 14 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
Significant accounting policies and basis of preparation
12 Months Ended
Dec. 31, 2017
Statement [Line Items]  
Significant accounting policies and basis of preparation [Text Block]
2.

Significant accounting policies and basis of preparation

These financial statements were authorized for issue on April 30, 2018 by the directors of the Company.

Statement of compliance with International Financial Reporting Standards

The consolidated financial statements of the Company comply with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”) and interpretations of the International Financial Reporting Interpretations Committee (“IFRIC”).

Basis of preparation

The consolidated financial statements of the Company have been prepared on an accrual basis and are based on historical costs, modified where applicable. The consolidated financial statements are presented in Canadian dollars unless otherwise noted.

Consolidation

The consolidated financial statements include the accounts of the Company and its wholly owned Canadian subsidiary, Canadian Metals Exploration Ltd. Inter-company balances and transactions, including unrealized income and expenses arising from inter-company transactions, are eliminated on consolidation.

Significant estimates and assumptions

The preparation of financial statements in accordance with IFRS requires the Company to make estimates and assumptions concerning the future. The Company’s management reviews these estimates and underlying assumptions on an ongoing basis, based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Revisions to estimates are adjusted prospectively in the period in which the estimates are revised.

Estimates and assumptions where there is significant risk of material adjustments to assets and liabilities in future accounting periods include the useful lives of plant and equipment, the recoverability of the carrying value of exploration and evaluation assets, fair value measurements for financial instruments, the recoverability and measurement of deferred tax assets, provisions for restoration and environmental obligations and contingent liabilities.

Significant judgments

The preparation of financial statements in accordance with IFRS requires the Company to make judgments, apart from those involving estimates, in applying accounting policies. The most significant judgments in applying the Company’s financial statements include:

  - The assessment of the Company’s ability to continue as a going concern and whether there are events or conditions that may give rise to significant uncertainty;
  - the classification / allocation of expenditures as exploration and evaluation expenditures or operating expenses; and
  - the classification of financial instruments.

Cash and cash equivalents

Cash and cash equivalents include cash and highly liquid investments held in the form of money market investments and certificates of deposit with investment terms that allow for penalty free redemption after one month.

Exploration and evaluation expenditures

Costs incurred before the Company has obtained the legal rights to explore an area are expensed as incurred.

Exploration and evaluation expenditures include the costs of acquiring licenses and costs associated with exploration and evaluation activity. Option payments are considered acquisition costs provided that the Company has the intention of exercising the underlying option.

Property option agreements are exercisable entirely at the option of the optionee. Therefore, option payments (or recoveries) are recorded when payment is made (or received) and are not accrued.

Exploration and evaluation expenditures are capitalized. The Company capitalizes costs to specific blocks of claims or areas of geological interest. Government tax credits received are recorded as a reduction to the cumulative costs incurred and capitalized on the related property.

Exploration and evaluation assets are tested for impairment if facts or circumstances indicate that impairment exists. Examples of such facts and circumstances are as follows:

  - the period for which the Company has the right to explore in the specific area has expired during the period or will expire in the near future, and is not expected to be renewed;
  - substantive expenditure on further exploration for and evaluation of mineral resources in the specific area is neither budgeted nor planned;
  -

exploration for and evaluation of mineral resources in the specific area have not led to the discovery of commercially viable quantities of mineral resources and the entity has decided to discontinue such activities in the specific area; and


  -

sufficient data exist to indicate that, although a development in the specific area is likely to proceed, the carrying amount of the exploration and evaluation asset is unlikely to be recovered in full from successful development or by sale.

After technical feasibility and commercial viability of extracting a mineral resource are demonstrable, the Company stops capitalizing expenditures for the applicable block of claims or geological area of interest and tests the asset for impairment. The capitalized balance, net of any impairment recognized, is then reclassified to either tangible or intangible mine development assets according to the nature of the asset.

Share-based payments

The Company operates an employee stock option plan. Share-based payments to employees are measured at the fair value of the instruments issued and amortized over the vesting periods. Share-based payments to non-employees are measured at the fair value of goods or services received or the fair value of the equity instruments issued, if it is determined the fair value of the goods or services cannot be reliably measured, and are recorded at the date the goods or services are received. The corresponding amount is recorded to the share-based payment reserve. The fair value of options is determined using the Black–Scholes option pricing model which incorporates all market vesting conditions. The number of shares and options expected to vest is reviewed and adjusted at the end of each reporting period such that the amount recognized for services received as consideration for the equity instruments granted shall be based on the number of equity instruments that eventually vest.

Loss per share

Basic loss per share is calculated by dividing the loss attributable to common shareholders by the weighted average number of common shares outstanding in the period. For all periods presented, the loss attributable to common shareholders equals the reported loss attributable to owners of the Company. Diluted loss per share is calculated by the treasury stock method. Under the treasury stock method, the weighted average number of common shares outstanding for the calculation of diluted loss per share assumes that the proceeds to be received on the exercise of dilutive share options and warrants are used to repurchase common shares at the average market price during the period.

Financial instruments

The Company classifies its financial instruments in the following categories: financial assets at fair value through profit or loss, loans and receivables, held-to-maturity investments, available-for-sale financial assets and financial liabilities. The classification depends on the purpose for which the financial instruments were acquired. Management determines the classification of its financial instruments at initial recognition.

Financial assets are classified at fair value through profit or loss when they are either held for trading for the purpose of short-term profit taking, derivatives not held for hedging purposes, or when they are designated as such to avoid an accounting mismatch or to enable performance evaluation where a group of financial assets is managed by key management personnel on a fair value basis in accordance with a documented risk management or investment strategy. Such assets are subsequently measured at fair value with changes in carrying value being included in profit or loss.

Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market and are subsequently measured at amortized cost. They are included in current assets, except for maturities greater than 12 months after the end of the reporting period. These are classified as non-current assets.

Available-for-sale financial assets are non-derivative financial assets that are designated as available-for-sale or are not suitable to be classified as financial assets at fair value through profit or loss, loans and receivables or held-to-maturity investments and are subsequently measured at fair value. These are included in current assets to the extent they are expected to be realized within 12 months after the end of the reporting period. Unrealized gains and losses are recognized in other comprehensive income, except for impairment losses and foreign exchange gains and losses on monetary financial assets.

Non-derivative financial liabilities (excluding financial guarantees) are subsequently measured at amortized cost. Regular purchases and sales of financial assets are recognized on the trade-date – the date on which the group commits to purchase the asset.

Financial assets are derecognized when the rights to receive cash flows from the investments have expired or have been transferred and the Company has transferred substantially all risks and rewards of ownership.

At each reporting date, the Company assesses whether there is objective evidence that a financial instrument has been impaired. In the case of available-for-sale financial instruments, a significant and prolonged decline in the value of the instrument is considered to determine whether an impairment has arisen.

The Company does not have any derivative financial assets and liabilities.

Impairment of assets

The carrying amount of the Company’s assets (which include plant and equipment and exploration and evaluation assets) is reviewed at each reporting date to determine whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss. An impairment loss is recognized whenever the carrying amount of an asset or its cash generating unit exceeds its recoverable amount. Impairment losses are recognized in the statement of comprehensive loss.

The recoverable amount of assets is the greater of an asset’s fair value less cost to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects the current market assessments of the time value of money and the risks specific to the asset. For an asset that does not generate cash inflows largely independent of those from other assets, the recoverable amount is determined for the cash-generating unit to which the asset belongs.

An impairment loss is only reversed if there is an indication that the impairment loss may no longer exist and there has been a change in the estimates used to determine the recoverable amount. Any reversal of impairment cannot increase the carrying value of the asset to an amount higher than the carrying amount that would have been determined had no impairment loss been recognized in previous years.

Assets that have an indefinite useful life are not subject to amortization and are tested annually for impairment.

Income taxes

Current income tax:
Current income tax assets and liabilities for the current period are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted, at the reporting date, in the countries where the Company operates and generates taxable income.

Current income tax relating to items recognized directly in other comprehensive income or equity is recognized in other comprehensive income or equity and not in profit or loss. Management periodically evaluates positions taken in the tax returns with respect to situations in which applicable tax regulations are subject to interpretation and establishes provisions where appropriate.

Deferred income tax:
Deferred income tax is recognized, using the asset and liability method, on temporary differences at the reporting date arising between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes.

The carrying amount of deferred income tax assets is reviewed at the end of each reporting period and recognized only to the extent that it is probable that sufficient taxable profit will be available to allow all or part of the deferred income tax asset to be utilized.

Deferred income tax assets and liabilities are measured at the tax rates that are expected to apply to the year when the asset is realized or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Deferred income tax assets and deferred income tax liabilities are offset, if a legally enforceable right exists to set off current tax assets against current income tax liabilities and the deferred income taxes relate to the same taxable entity and the same taxation authority.

Flow-through shares:
On the issuance of flow-through shares, any premium received in excess of the market price of the Company’s common shares is initially recorded as a liability (“flow-through tax liability”). Provided that the Company has renounced the related expenditures, or that there is a reasonable expectation that it will do so, the flow-through tax liability is reduced on a pro-rata basis as the expenditures are incurred. If such expenditures are capitalized, a deferred tax liability is recognized. To the extent that the Company has suitable unrecognized deductible temporary differences, an offsetting recovery of deferred income taxes would be recorded.

Restoration and environmental obligations
The Company recognizes liabilities for statutory, contractual, constructive or legal obligations associated with the retirement of long-term assets, when those obligations result from the acquisition, construction, development or normal operation of the assets. The net present value of future restoration cost estimates arising from the decommissioning of plant and other site preparation work is capitalized to the related asset along with a corresponding increase in the restoration provision in the period incurred. Discount rates using a pre-tax rate that reflect the time value of money are used to calculate the net present value.

The Company’s estimates of restoration costs could change as a result of changes in regulatory requirements, discount rates and assumptions regarding the amount and timing of the future expenditures. These changes are recorded directly to the related asset with a corresponding entry to the restoration provision. The Company’s estimates are reviewed annually for changes in regulatory requirements, discount rates, effects of inflation and changes in estimates.

Changes in the net present value, excluding changes in the Company’s estimates of restoration costs, are charged to the statement of comprehensive loss for the period.

The net present value of restoration costs arising from subsequent site damage that is incurred on an ongoing basis during production are charged to the statement of comprehensive loss in the period incurred.

The costs of restoration projects that were included in the provision are recorded against the provision as incurred. The costs to prevent and control environmental impacts at specific properties are capitalized in accordance with the Company’s accounting policy for exploration and evaluation assets.

At December 31, 2017 and 2016, the Company had no material restoration and environmental obligations.

Equipment

Plant and equipment are stated at historical cost less accumulated depreciation and accumulated impairment losses.

Subsequent costs are included in the asset’s carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Company and the cost of the item can be measured reliably. The carrying amount of the replaced part is derecognized. All other repairs and maintenance are charged to the statement of comprehensive loss during the financial period in which they are incurred.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognized in the statement of comprehensive loss.

Amortization is calculated on a declining balance method to write off the cost of the assets to their residual values over their estimated useful lives. The amortization rates applicable to each category of property, plant and equipment are as follows:

Class of equipment Amortization rate
Motor vehicles 30% declining balance
Computer equipment 30% declining balance
Exploration and office equipment 20% declining balance
XML 15 R8.htm IDEA: XBRL DOCUMENT v3.8.0.1
Accounting standards issued but not yet effective
12 Months Ended
Dec. 31, 2017
Statement [Line Items]  
Accounting standards issued but not yet effective [Text Block]
3.

Accounting standards issued but not yet effective

New standard IFRS 9 “Financial Instruments” is a partial replacement of IAS 39 “Financial Instruments: Recognition and Measurement”. IFRS 9 uses a single approach to determine whether a financial asset is measured at amortized cost or fair value, replacing the multiple rules in IAS 39. The approach in IFRS 9 is based on how an entity manages its financial instruments in the context of its business model and the contractual cash flow characteristics of the financial assets.

The new standard also requires a singleimpairment method to be used, replacing the multiple impairment methods in IAS 39. IFRS 9 is effective for annual periods beginning on or after January 1, 2018. The Company does not expect the adoption of IFRS 9 to have a material effect on the financial statements.

IFRS 16 “Leases” replaces IAS 17 “Leases” and the related interpretative guidance. IFRS 16 applies a control model to the identification of leases, distinguishing between a lease and a service contract on the basis of whether the customer controls the asset being leased. For those assets

determined to meet the definition of a lease, IFRS 16 introduces significant changes to the accounting by lessees, introducing a single, on-balance sheet accounting model that is similar to current finance lease accounting, with limited exceptions for short-term leases or leases of low value assets. Lessor accounting is not substantially changed. The standard is effective for annual periods beginning on or after January 1, 2019, with early adoption permitted for entities that have adopted IFRS 15. The Company has not yet assessed the future impact of this new standard on its financial statements.

Other accounting standards or amendments to existing accounting standards that have been issued but have future effective dates are either not applicable or are not expected to have a significant impact on the Company’s consolidated financial statements.

XML 16 R9.htm IDEA: XBRL DOCUMENT v3.8.0.1
Receivables
12 Months Ended
Dec. 31, 2017
Statement [Line Items]  
Receivables [Text Block]
4.

Receivables


      2017     2016  
      $     $  
               
  Goods and Service sales tax   5,177     1,141  
  British Columbia mining tax credits   20,264     7,273  
  Interest receivable   5,210     -  
  Other receivables   -     2,090  
      30,651     10,504  
XML 17 R10.htm IDEA: XBRL DOCUMENT v3.8.0.1
Equipment
12 Months Ended
Dec. 31, 2017
Statement [Line Items]  
Equipment [Text Block]
5.

Equipment


                  Exploration        
      Motor     Computer     and office        
      Vehicles     equipment     equipment     Total  
      $     $     $     $  
  Cost:                        
  At December 31, 2016 and 2015   20,330     28,809     61,984     111,123  
  Additions   -     856     -     856  
  At December 31, 2017   20,330     29,665     61,984     111,979  
                           
  Depreciation:                        
  At January 1, 2015   19,422     25,619     51,794     97,835  
  Charge for the year   272     660     2,036     2,968  
  At December 31, 2016   19,694     27,279     53,830     100,803  
  Charge for the year   144     348     1,221     1,713  
  At December 31, 2017   19,838     27,627     55,051     102,516  
                           
  Net book value:                        
  At December 31, 2016   636     1,530     8,154     10,320  
  At December 31, 2017   492     2,038     6,933     9,463  
XML 18 R11.htm IDEA: XBRL DOCUMENT v3.8.0.1
Exploration and evaluation assets
12 Months Ended
Dec. 31, 2017
Statement [Line Items]  
Exploration and evaluation assets [Text Block]
6.

Exploration and evaluation assets

The Company’s deferred exploration costs are as follows:

      Balance,           Balance,           Balance,  
      December 31,     Change in year     December 31,     Change in year     December 31,  
      2015     2016     2016     2017     2017  
      $     $     $     $     $  
                                 
  Mineral property interests   179,500     -     179,500     -     179,500  
  Assays and testing   2,052,292     -     2,052,292     -     2,052,292  
  Claims renewal / staking   459,261     -     459,261     -     459,261  
  Drilling   12,488,967     -     12,488,967     -     12,488,967  
  Environmental studies   1,256,621     -     1,256,621     -     1,256,621  
  Exploration data management   917,422     -     917,422     -     917,422  
  First Nations   166,444     -     166,444     -     166,444  
  Geochemistry   111,066     -     111,066     -     111,066  
  Geological and engineering services   8,779,898     18,000     8,779,898     54,358     8,834,256  
  Geophysical services   743,515     -     743,515     -     743,515  
  Metallurgy   3,792,672     7,500     3,792,672     -     3,792,672  
  Petrographic work   43,957     -     43,957     -     43,957  
  Project management   106,015     -     106,015     -     106,015  
  Survey, mapping and camp   1,617,849     10,866     1,617,849     10,597     1,628,446  
  Transportation   2,604,549     -     2,604,549     -     2,604,549  
  Cost recovery   (56,480 )   -     (56,480 )   -     (56,480 )
  Property impairments   (33,006,960 )   (29,093 )   (33,006,960 )   (51,964 )   (33,058,924 )
  BC refundable mining tax credits   (2,195,403 )   (7,273 )   (2,195,403 )   (12,991 )   (2,208,394 )
  Federal non-refundable mining tax credits, net                              
  of valuation allowance   (61,185 )   -     (61,185 )   -     (61,185 )
      1     -     1     -     1  

The Company has a 100% interest in certain mineral claims, located along the Turnagain River in British Columbia, Canada. One claim is subject to a 4% net smelter return royalty (“NSR”). The Company has the option to purchase all or part of the NSR within four years of commercial production for a price of $1,000,000 per 1% NSR.

During the year ended December 31, 2016, the Company incurred costs totalling $29,093 net of B.C. Mineral Exploration Tax Credits on the Turnagain mineral claims, which were impaired based on the indicators discussed below.

At December 31, 2016, the Company determined that impairment indicators existed and reduced he carrying value of the Turnagain mineral claims by $29,093 to $1 based on management’s assessment of current nickel prices, the global over-supply of nickel held in inventories and the weaker than expected Chinese and European demand for nickel. Future changes to this estimate could have a significant impact on the carrying value of the Turnagain mineral claims.

During the year ended December 31, 2017, the Company incurred $51,964 of exploration and evaluation expenditures. All of the expenditures were recorded to the statement of loss as exploration property impairments.

XML 19 R12.htm IDEA: XBRL DOCUMENT v3.8.0.1
Trade payables and accrued liabilities
12 Months Ended
Dec. 31, 2017
Statement [Line Items]  
Trade payables and accrued liabilities [Text Block]
7.

Trade payables and accrued liabilities


      December 31,     December 31,  
      2017     2016  
      $     $  
  Trade payables   134,982     4,970  
  Accrued liabilities   10,000     10,000  
      144,982     14,970  
XML 20 R13.htm IDEA: XBRL DOCUMENT v3.8.0.1
Sublease obligations
12 Months Ended
Dec. 31, 2017
Statement [Line Items]  
Sublease obligations [Text Block]
8.

Sublease obligations

Sublease obligations relate to the Company’s rent of office space. The term of the lease expires on March 31, 2019. A schedule of the Company’s minimum lease payments is as follows:

      December 31,     December 31,  
      2017     2016  
      $     $  
  Payable not later than one year   53,159     53,159  
  Payable later than one year and not later than five years   13,290     79,738  
      66,449     132,897  
XML 21 R14.htm IDEA: XBRL DOCUMENT v3.8.0.1
Income taxes and mining tax credits
12 Months Ended
Dec. 31, 2017
Statement [Line Items]  
Income taxes and mining tax credits [Text Block]
9.

Income taxes and mining tax credits

The actual income tax provision differs from the expected amounts calculated by applying the Canadian combined statutory federal and provincial corporate income tax rates to the Company’s loss before income taxes. The components of the Company’s income tax recovery are as follows:

      Year ended     Year ended  
      December 31,     December 31,  
      2017     2016  
      $     $  
  Loss before income taxes   683,299     224,112  
               
  Statutory tax rate   26%     26%  
  Expected income tax recovery at the statutory tax rate   (177,658 )   (58,269 )
  Tax pool not recognized   13,511     7,564  
  Other   164,147     50,705  
  Income tax recovery   -     -  

The Company has the following deferred tax assets and liabilities:

      December 31,     December 31,  
      2017     2016  
      $     $  
  Federal investment tax credits   663,144     663,144  
  Exploration and evaluation assets   3,804,616     3,674,149  
  Non-capital loss carryforwards   4,129,727     4,056,879  
  Other   84,875     85,439  
  Valuation allowance   (8,682,363 )   (8,479,611 )
      -     -  

The tax pools relating to these deferred tax assets expire as follows:

                        Canadian federal  
      Canadian                 investment tax credit  
      resource pools     Non-capital losses     Other     losses  
      $     $     $     $  
  2025   -     -     -     25,187  
  2026   -     1,664,306     -     92,277  
  2027   -     3,323,364     -     58,467  
  2028   -     2,559,941     -     237,882  
  2029   -     2,621,029     -     249,331  
  2030   -     2,388,895     -     -  
  2031   -     1,392,745     -     -  
  2032   -     818,329     -     -  
  2033   -     202,411     -     -  
  2034   -     266,149     -     -  
  2035   -     173,814     -     -  
  2036   -     152,243     -     -  
  2037   -     320,131     -     -  
  No                        
  expiry   14,633,140     -     335,907     -  
      14,633,140     15,883,566     335,907     663,144  
XML 22 R15.htm IDEA: XBRL DOCUMENT v3.8.0.1
Share capital
12 Months Ended
Dec. 31, 2017
Statement [Line Items]  
Share capital [Text Block]
10.

Share capital

Authorized share capital

Unlimited number of common shares without par value.

Issued share capital

On August 28, 2017, the Company consolidated its common shares on a basis of one (1) new common share for two (2) old common shares held. Reference to common shares, per share amounts and other securities have been retroactively restated.

At December 31, 2017 there were 40,664,015 issued and fully paid common shares (2016 – 21,537,349).

Financings

During the year ended December 31, 2017, the following equity financings were completed:

  I)

On August 30, 2017, the Company closed a private placement of 8,333,333 units at a price of $0.06 per unit for gross proceeds of $500,000. Each unit consists of one common share and one share purchase warrant exercisable into one common share at a price of $0.07 during the first year and $0.08 during years two and three. The Company used the residual method to value the share purchase warrants, allocating a value of $nil. As part of the private placement, the Company incurred other cash issuance costs of $4,575.

     
  II)

On October 24, 2017, the Company closed a private placement of 6,750,000 units at a price of $0.35 per unit for gross proceeds of $2,362,500. Each unit consists of one common share and one half of one share purchase warrant. Each whole warrant is exercisable into one common share at a price of $0.45 with an expiry date of three years after the closing date. The Company used the residual method to value the share purchase warrants, allocating a value of $nil.

     
   

As part of the private placement, the Company paid $126,313 in finder’s fees and other cash issuance costs of $16,663. In addition, the Company issued 396,000 in broker warrants with an expiry date of one year after the closing date. The fair value of $111,210 for the broker warrants was estimated using the Black-Scholes Option Pricing Model and was charged to share issue costs and credited to contributed surplus. The assumptions used in the Black-Scholes Option Pricing Model were as follows: share price of $0.54 ; exercise price of $0.35 ; expected volatility of 100%; expected life of 1 year; a risk-free interest rate of 0.73%; and an expected dividend rate of nil.

     
  III)

On December 20, 2017, the Company closed a private placement of 1,813,333 units at a price of $0.60 per unit for gross proceeds of $1,088,000. Each unit consists of one common share and one half of one share purchase warrant. Each whole warrant is exercisable into one common share at a price of $0.70 with an expiry date of three years after the closing date. The Company used the residual method to value the share purchase warrants, allocating a value of $36,267.

As part of the private placement, the Company paid $59,160 in finder’s fees and other cash issuance costs of $2,306. In addition, the Company issued 98,600 in broker warrants with an expiry date of one year after the closing date. The fair value of $18,762 for the broker warrants was estimated using the Black-Scholes Option Pricing Model and was charged to share issue costs and credited to contributed surplus. The assumptions used in the Black-Scholes Option Pricing Model were as follows: share price of $0.58 ; exercise price of $0.70 ; expected volatility of 100%; expected life of 1 year; a risk-free interest rate of 0.73%; and an expected dividend rate of nil.

  IV)

On December 27, 2017, the Company closed a private placement of 1,250,000 units at a price of $0.60 per unit for gross proceeds of $750,000. Each unit consists of one common share and one half of one share purchase warrant. Each whole warrant is exercisable into one common share at a price of $0.70 with an expiry date of three years after the closing date. The Company used the residual method to value the share purchase warrants, allocating a value of $nil.

     
   

As part of the private placement, the Company paid $45,000 in finder’s fees and other cash issuance costs of $3,050. In addition, the Company issued 75,000 in broker warrants with an expiry date of one year after the closing date. The fair value of $22,333 for the broker warrants was estimated using the Black-Scholes Option Pricing Model and was charged to share issue costs and credited to contributed surplus. The assumptions used in the Black- Scholes Option Pricing Model were as follows: share price of $0.74 ; exercise price of $0.70 ; expected volatility of 100%; expected life of 1 year; a risk-free interest rate of 0.73%; and an expected dividend rate of nil.

During the year ended December 31, 2016, the following equity financings were completed:

  I)

In March 2016, the Company closed a private placement of 9,120,000 units at a price of $0.02 per unit for gross proceeds of $182,400. Each unit consists of one common share and one share purchase warrant exercisable into one common share at a price of $0.10 for a period of five years after the closing date. The Company did not separately value the warrants issued as part of this private placement. Included in the private placement were 2,700,000 shares issued to officers and directors of the Company. As part of the private placement, the Company paid $1,800 in finder’s fees and issued 90,000 in broker warrants with an expiry date of one year after the closing date. The Company determined that the value of the broker warrants was insignificant.

     
  II)

In April 2016, the Company closed a private placement of 3,380,000 units at a price of $0.02 per unit for gross proceeds of $67,600. Each unit consists of one common share and one share purchase warrant exercisable into one common share at a price of $0.10 for a period of five years after the closing date. The Company did not separately value the warrants issued as part of this private placement. As part of the private placement, the Company paid $2,816 in finder’s fees and issued 10,800 in broker warrants with an expiry date of one year after the closing date. The Company determined that the value of the broker warrants was insignificant.

Basic and diluted loss per share

The calculation of basic and diluted loss per share for the year ended December 31, 2017 was based on the loss attributable to common shareholders of $683,299 (2016 - $224,112) and the weighted average number of common shares outstanding of 25,986,111 (2016 – 18,347,211).

Diluted loss per share did not include the effect of 2,662,500 stock options and 25,454,600 warrants as the effect would be anti-dilutive.

Stock options

The Company has adopted an incentive stock option plan, which provides that the Board of Directors of the Company may from time to time, in its discretion, and in accordance with the Exchange requirements, grant to directors, officers, employees and technical consultants to the Company, non-transferable stock options to purchase common shares, provided that the number of common shares reserved for issuance will not exceed 10% of the Company’s issued and outstanding common shares. Such options will be exercisable for a period of up to 5 years from the date of grant. In connection with the foregoing, the number of common shares reserved for issuance to any one optionee will not exceed five percent ( 5%) of the issued and outstanding common shares and the number of common shares reserved for issuance to all investor relations and technical consultants will not exceed two percent ( 2%) of the issued and outstanding common shares. Options may be exercised no later than 90 days following cessation of the optionee’s position with the Company or 30 days following cessation of an optionee conducting investor relations activities’ position.

On exercise, each option allows the holder to purchase one common share of the Company. The changes in options during the years ended December 31, 2017 and 2016 are as follows:

      Year ended     Year ended  
      December 31, 2017     December 31, 2016  
            Weighted           Weighted  
            average           average  
      Number of     exercise     Number of     exercise  
      options     price     options     price  
  Options outstanding, beginning   1,640,000   $ 0.19     234,700   $ 2.16  
  Options granted   1,150,000     0.50     1,475,000     0.10  
  Options exercised   (125,000 )   0.10     -     -  
  Options expired/forfeited   (2,500 )   1.00     (69,700 )   4.88  
  Options outstanding, ending   2,662,500   $ 0.33     1,640,000   $ 0.19  
                           
  Options exercisable, ending   2,602,500   $ 0.32     902,500   $ 0.26  

The weighted average share price on the date of option exercise during the year ended December 31, 2017 was $0.56.

Details of options outstanding as at December 31, 2017 are as follows:

  Weighted average   Weighted average     Number of options  
  exercise price   contractual life     outstanding  
  $1.00   0.01 years     162,500  
  $0.10   3.50 years     1,350,000  
  $0.22   4.70 years     100,000  
  $0.40   4.76 years     550,000  
  $0.60   4.81 years     325,000  
  $0.80   4.87 years     175,000  
  $0.33   3.50 years     2,662,500  

Stock-based compensation

During the year ended December 31, 2017, the Company granted 1,150,000 stock options (2016 – 1,475,000 stock options), the weighted average grant date fair value of the options was $0.32 per option (2016 - $0.04 per option). The fair value was determined using the Black-Scholes option pricing model using the following weighted average assumptions:

      2017     2016  
  Share price   $0.44     $0.06  
  Exercise price   $0.50     $0.10  
  Expected life of options   5 years     5 years  
  Annualized volatility   100%     102%  
  Risk-free interest rate   1.60%     0.62%  
  Dividend rate   0%     0%  

During the year ended December 31, 2017, the Company recorded $360,493 (2016 - $42,831) of stock-based compensation to the statement of loss and comprehensive loss based on the vesting of stock options granted.

Warrants

On exercise, each warrant allows the holder to purchase one common share of the Company. The changes in warrants outstanding during the years ended December 31, 2017 and 2016 are as follows:

      Year     Year ended  
      December 31, 2017     December 31, 2016  
            Average           Average  
      Number of     exercise     Number of     exercise  
      warrants     price     warrants     price  
  Warrants outstanding, beginning   13,444,147   $ 0.10     1,052,680   $ 0.24  
  Warrants issued   13,809,600     0.25     12,600,800     0.10  
  Warrants exercised   (855,000 )   0.06     -     -  
  Warrants expired   (944,147 )   0.10     (209,333 )   0.80  
  Warrants outstanding, ending   25,454,600   $ 0.18     13,444,147   $ 0.10  

Details of warrants outstanding as at December 31, 2017 are as follows:

  Weighted average   Weighted average     Number of warrants  
  exercise price   contractual life     outstanding  
  $0.35   0.81 years     396,000  
  $0.70   0.98 years     173,600  
  $0.07   2.67 years     7,583,333  
  $0.45   2.82 years     3,375,000  
  $0.70   2.98 years     1,531,667  
  $0.10   3.27 years     12,395,000  
  $0.18   2.95 years     25,454,600  

Refer to Note 17 – Subsequent Events.

XML 23 R16.htm IDEA: XBRL DOCUMENT v3.8.0.1
Share-based payment reserve
12 Months Ended
Dec. 31, 2017
Statement [Line Items]  
Share-based payment reserve [Text Block]
11.

Share-based payment reserve

The share-based payment reserve records items recognized as stock-based compensation expense and the fair value of agent’s warrants until such time that the stock options or warrants are exercised, at which time the corresponding amount will be transferred to share capital.

XML 24 R17.htm IDEA: XBRL DOCUMENT v3.8.0.1
Related party transactions
12 Months Ended
Dec. 31, 2017
Statement [Line Items]  
Related party transactions [Text Block]
12.

Related party transactions


      December 31,     December 31,  
      2017     2016  
      $     $  
  Consulting fees   2,500     8,000  
  Interest expense   551     -  
  Management fees   53,600     18,000  
  Stock-based compensation   41,163     28,312  
      97,814     54,312  

There were no amounts owing to related parties at December 31, 2017 or 2016. See also Note 10.

Key management includes the Chief Executive Officer, the Chief Financial Officer and the directors of the Company. Compensation paid or payable to key management for services during the year amounted to $37,700 (2016 - $17,000) for short-term benefits and $41,163 (2016 - $28,312) for stock-based compensation.

XML 25 R18.htm IDEA: XBRL DOCUMENT v3.8.0.1
Financial instruments and financial risk management
12 Months Ended
Dec. 31, 2017
Statement [Line Items]  
Financial instruments and financial risk management [Text Block]
13.

Financial instruments and financial risk management

The Company is exposed in varying degrees to a variety of financial instrument related risks. The Board of Directors approves and monitors the risk management processes, inclusive of documented investment policies, counterparty limits, and controlling and reporting structures. The type of risk exposure and the way in which such exposure is managed is provided as follows:

Credit risk

Credit risk is the risk that one party to a financial instrument will fail to discharge an obligation and cause the other party to incur a financial loss. The Company’s primary exposure to credit risk is on its cash held in bank accounts. All of the cash is deposited in bank accounts held with one major bank in Canada. Since all of the Company’s cash is held by one bank there is a concentration of credit risk. This risk is managed by using major banks that are high credit quality financial institutions as determined by rating agencies. The Company’s secondary exposure to risk is on its other receivables. This risk is minimal as receivables consist primarily of refundable government taxes.

Liquidity risk

Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they fall due. The Company has a planning and budgeting process in place to help determine the funds required to support the Company’s normal operating requirements on an ongoing basis. The Company ensures that there are sufficient funds to meet its short-term business requirements, taking into account its anticipated cash flows from operations and its holdings of cash and cash equivalents.

Historically, the Company's sole source of funding has been the issuance of equity securities for cash, primarily through private placements. The Company’s access to financing is always uncertain. There can be no assurance of continued access to significant equity funding.

The following is an analysis of the contractual maturities of the Company’s non-derivative financial liabilities as at December 31, 2017:

      Within one     Between one        
      year     and five     More than  
            years     five years  
  Trade payables and accrued liabilities $ 144,982   $   -   $   -  

Foreign exchange risk

Foreign currency risk is the risk that the fair values of future cash flows of a financial instrument will fluctuate because they are denominated in currencies that differ from the respective functional currency. The Company does not have any direct exposure to foreign exchange risk.

Interest rate risk

Interest rate risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The Company does not have any significant interest rate risk.

Classification of financial instruments

Financial assets included in the statement of financial position are as follows:

      December 31,     December 31,  
      2017     2016  
  Cash and cash equivalents $ 4,066,588   $ 85,758  
  Loans and receivables:            
       Reclamation deposits   187,900     187,900  
    $ 4,254,488   $ 273,658  

Financial liabilities included in the statement of financial position are as follows:

      December 31,     December 31,  
      2017     2016  
  Non-derivative financial liabilities:            
   Trade payables and accrued liabilities $ 144,982   $ 14,970  

Fair value

The fair value of the Company’s financial assets and liabilities approximates the carrying amount. Financial instruments measured at fair value are classified into one of three levels in the fair value hierarchy according to the relative reliability of the inputs used to estimate the fair values. The three levels of the fair value hierarchy are:

  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.

The following is an analysis of the Company’s financial assets measured at fair value as at December 31, 2017 and 2016:

      As at December 31, 2017  
      Level 1     Level 2     Level 3  
  Cash $ 4,066,588   $   -   $   -  

      As at December 31, 2016  
      Level 1     Level 2     Level 3  
  Cash $ 85,758   $   -   $   -  
XML 26 R19.htm IDEA: XBRL DOCUMENT v3.8.0.1
Capital management
12 Months Ended
Dec. 31, 2017
Statement [Line Items]  
Capital management [Text Block]
14.

Capital management

The Company's policy is to maintain a strong capital base so as to maintain investor and creditor confidence, safeguard the Company’s ability to support the exploration and development of its exploration and evaluation assets and to sustain future development of the business. The capital structure of the Company consists of equity and debt obligations, net of cash.

There were no changes in the Company's approach to capital management during the year ended December 31, 2017 and no restrictions.

XML 27 R20.htm IDEA: XBRL DOCUMENT v3.8.0.1
Supplemental cash flow information
12 Months Ended
Dec. 31, 2017
Statement [Line Items]  
Supplemental cash flow information [Text Block]
15.

Supplemental cash flow information

Investing and financing activities that do not have a direct impact on current cash flows are excluded from the statements of cash flows. During the year ended December 31, 2017, the following transactions were excluded from the statement of cash flows:

  a)

The issuance of 569,600 broker warrants at the fair value of $152,305.

XML 28 R21.htm IDEA: XBRL DOCUMENT v3.8.0.1
Segmented information
12 Months Ended
Dec. 31, 2017
Statement [Line Items]  
Segmented information [Text Block]
16.

Segmented information

Operating segments

The Company operates in a single reportable operating segment – the acquisition, exploration and development of mineral properties.

Geographic segments

All of the Company's assets are located in Canada.

XML 29 R22.htm IDEA: XBRL DOCUMENT v3.8.0.1
Subsequent events
12 Months Ended
Dec. 31, 2017
Statement [Line Items]  
Subsequent events [Text Block]
17.

Subsequent events

Private placement

In January 2018, the Company completed a non-brokered private placement of 960,000 units at a price of $0.60 per unit for gross proceeds of $576,000. Each unit consisted of one common share and one-half share purchase warrant. Each full warrant is exercisable into one common share at a price of $0.70 for three years after the closing date. As part of the private placement, the Company paid $22,080 in finder’s fees. In addition, the Company issued 36,800 in broker warrants with an expiry date of one year after the closing date. As at December 31, 2017, proceeds of $27,000 had been received as subscriptions for this private placement.

Exercise of warrants

Subsequent to December 31, 2017, the Company issued 300,000 common shares for the exercise of 300,000 share purchase warrants at $0.10 and 100,000 common shares for the exercise of 100,000 share purchase warrants at $0.07.

Grant of options

On February 5, 2018, the Company granted 850,000 stock options to directors, officers, employees and consultants at a price of $0.55 per share exercisable up to February 5, 2023. Of the 850,000 stock options granted, 600,000 vested immediately and the remaining 250,000 vest as to 25% every three months from the date of grant.

On April 3, 2018, the Company granted 200,000 stock options to an employee at a price of $0.60 per share exercisable up to April 3, 2023. The options vest as to 25,000 on the date of grant and 25,000 every three months thereafter.

On April 20, 2018, the Company granted 75,000 stock options to an officer and a consultant at a price of $0.60 per share exercisable up to April 20, 2023. The options vest on October 20, 2018.

XML 30 R23.htm IDEA: XBRL DOCUMENT v3.8.0.1
Summary of Significant Accounting Policies (Policies)
12 Months Ended
Dec. 31, 2017
Statement [Line Items]  
Statement of compliance with International Financial Reporting Standards [Policy Text Block]

Statement of compliance with International Financial Reporting Standards

The consolidated financial statements of the Company comply with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”) and interpretations of the International Financial Reporting Interpretations Committee (“IFRIC”).

Basis of preparation [Policy Text Block]

Basis of preparation

The consolidated financial statements of the Company have been prepared on an accrual basis and are based on historical costs, modified where applicable. The consolidated financial statements are presented in Canadian dollars unless otherwise noted.

Consolidation [Policy Text Block]

Consolidation

The consolidated financial statements include the accounts of the Company and its wholly owned Canadian subsidiary, Canadian Metals Exploration Ltd. Inter-company balances and transactions, including unrealized income and expenses arising from inter-company transactions, are eliminated on consolidation.

Significant estimates and assumptions [Policy Text Block]

Significant estimates and assumptions

The preparation of financial statements in accordance with IFRS requires the Company to make estimates and assumptions concerning the future. The Company’s management reviews these estimates and underlying assumptions on an ongoing basis, based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Revisions to estimates are adjusted prospectively in the period in which the estimates are revised.

Estimates and assumptions where there is significant risk of material adjustments to assets and liabilities in future accounting periods include the useful lives of plant and equipment, the recoverability of the carrying value of exploration and evaluation assets, fair value measurements for financial instruments, the recoverability and measurement of deferred tax assets, provisions for restoration and environmental obligations and contingent liabilities.

Significant judgments [Policy Text Block]

Significant judgments

The preparation of financial statements in accordance with IFRS requires the Company to make judgments, apart from those involving estimates, in applying accounting policies. The most significant judgments in applying the Company’s financial statements include:

  - The assessment of the Company’s ability to continue as a going concern and whether there are events or conditions that may give rise to significant uncertainty;
  - the classification / allocation of expenditures as exploration and evaluation expenditures or operating expenses; and
  - the classification of financial instruments.
Cash and cash equivalents [Policy Text Block]

Cash and cash equivalents

Cash and cash equivalents include cash and highly liquid investments held in the form of money market investments and certificates of deposit with investment terms that allow for penalty free redemption after one month.

Exploration and evaluation expenditures [Policy Text Block]

Exploration and evaluation expenditures

Costs incurred before the Company has obtained the legal rights to explore an area are expensed as incurred.

Exploration and evaluation expenditures include the costs of acquiring licenses and costs associated with exploration and evaluation activity. Option payments are considered acquisition costs provided that the Company has the intention of exercising the underlying option.

Property option agreements are exercisable entirely at the option of the optionee. Therefore, option payments (or recoveries) are recorded when payment is made (or received) and are not accrued.

Exploration and evaluation expenditures are capitalized. The Company capitalizes costs to specific blocks of claims or areas of geological interest. Government tax credits received are recorded as a reduction to the cumulative costs incurred and capitalized on the related property.

Exploration and evaluation assets are tested for impairment if facts or circumstances indicate that impairment exists. Examples of such facts and circumstances are as follows:

  - the period for which the Company has the right to explore in the specific area has expired during the period or will expire in the near future, and is not expected to be renewed;
  - substantive expenditure on further exploration for and evaluation of mineral resources in the specific area is neither budgeted nor planned;
  -

exploration for and evaluation of mineral resources in the specific area have not led to the discovery of commercially viable quantities of mineral resources and the entity has decided to discontinue such activities in the specific area; and


  -

sufficient data exist to indicate that, although a development in the specific area is likely to proceed, the carrying amount of the exploration and evaluation asset is unlikely to be recovered in full from successful development or by sale.

After technical feasibility and commercial viability of extracting a mineral resource are demonstrable, the Company stops capitalizing expenditures for the applicable block of claims or geological area of interest and tests the asset for impairment. The capitalized balance, net of any impairment recognized, is then reclassified to either tangible or intangible mine development assets according to the nature of the asset.

Share-based payments [Policy Text Block]

Share-based payments

The Company operates an employee stock option plan. Share-based payments to employees are measured at the fair value of the instruments issued and amortized over the vesting periods. Share-based payments to non-employees are measured at the fair value of goods or services received or the fair value of the equity instruments issued, if it is determined the fair value of the goods or services cannot be reliably measured, and are recorded at the date the goods or services are received. The corresponding amount is recorded to the share-based payment reserve. The fair value of options is determined using the Black–Scholes option pricing model which incorporates all market vesting conditions. The number of shares and options expected to vest is reviewed and adjusted at the end of each reporting period such that the amount recognized for services received as consideration for the equity instruments granted shall be based on the number of equity instruments that eventually vest.

Loss per share [Policy Text Block]

Loss per share

Basic loss per share is calculated by dividing the loss attributable to common shareholders by the weighted average number of common shares outstanding in the period. For all periods presented, the loss attributable to common shareholders equals the reported loss attributable to owners of the Company. Diluted loss per share is calculated by the treasury stock method. Under the treasury stock method, the weighted average number of common shares outstanding for the calculation of diluted loss per share assumes that the proceeds to be received on the exercise of dilutive share options and warrants are used to repurchase common shares at the average market price during the period.

Financial instruments [Policy Text Block]

Financial instruments

The Company classifies its financial instruments in the following categories: financial assets at fair value through profit or loss, loans and receivables, held-to-maturity investments, available-for-sale financial assets and financial liabilities. The classification depends on the purpose for which the financial instruments were acquired. Management determines the classification of its financial instruments at initial recognition.

Financial assets are classified at fair value through profit or loss when they are either held for trading for the purpose of short-term profit taking, derivatives not held for hedging purposes, or when they are designated as such to avoid an accounting mismatch or to enable performance evaluation where a group of financial assets is managed by key management personnel on a fair value basis in accordance with a documented risk management or investment strategy. Such assets are subsequently measured at fair value with changes in carrying value being included in profit or loss.

Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market and are subsequently measured at amortized cost. They are included in current assets, except for maturities greater than 12 months after the end of the reporting period. These are classified as non-current assets.

Available-for-sale financial assets are non-derivative financial assets that are designated as available-for-sale or are not suitable to be classified as financial assets at fair value through profit or loss, loans and receivables or held-to-maturity investments and are subsequently measured at fair value. These are included in current assets to the extent they are expected to be realized within 12 months after the end of the reporting period. Unrealized gains and losses are recognized in other comprehensive income, except for impairment losses and foreign exchange gains and losses on monetary financial assets.

Non-derivative financial liabilities (excluding financial guarantees) are subsequently measured at amortized cost. Regular purchases and sales of financial assets are recognized on the trade-date – the date on which the group commits to purchase the asset.

Financial assets are derecognized when the rights to receive cash flows from the investments have expired or have been transferred and the Company has transferred substantially all risks and rewards of ownership.

At each reporting date, the Company assesses whether there is objective evidence that a financial instrument has been impaired. In the case of available-for-sale financial instruments, a significant and prolonged decline in the value of the instrument is considered to determine whether an impairment has arisen.

The Company does not have any derivative financial assets and liabilities.

Impairment of assets [Policy Text Block]

Impairment of assets

The carrying amount of the Company’s assets (which include plant and equipment and exploration and evaluation assets) is reviewed at each reporting date to determine whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss. An impairment loss is recognized whenever the carrying amount of an asset or its cash generating unit exceeds its recoverable amount. Impairment losses are recognized in the statement of comprehensive loss.

The recoverable amount of assets is the greater of an asset’s fair value less cost to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects the current market assessments of the time value of money and the risks specific to the asset. For an asset that does not generate cash inflows largely independent of those from other assets, the recoverable amount is determined for the cash-generating unit to which the asset belongs.

An impairment loss is only reversed if there is an indication that the impairment loss may no longer exist and there has been a change in the estimates used to determine the recoverable amount. Any reversal of impairment cannot increase the carrying value of the asset to an amount higher than the carrying amount that would have been determined had no impairment loss been recognized in previous years.

Assets that have an indefinite useful life are not subject to amortization and are tested annually for impairment.

Income taxes [Policy Text Block]

Income taxes

Current income tax:
Current income tax assets and liabilities for the current period are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted, at the reporting date, in the countries where the Company operates and generates taxable income.

Current income tax relating to items recognized directly in other comprehensive income or equity is recognized in other comprehensive income or equity and not in profit or loss. Management periodically evaluates positions taken in the tax returns with respect to situations in which applicable tax regulations are subject to interpretation and establishes provisions where appropriate.

Deferred income tax:
Deferred income tax is recognized, using the asset and liability method, on temporary differences at the reporting date arising between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes.

The carrying amount of deferred income tax assets is reviewed at the end of each reporting period and recognized only to the extent that it is probable that sufficient taxable profit will be available to allow all or part of the deferred income tax asset to be utilized.

Deferred income tax assets and liabilities are measured at the tax rates that are expected to apply to the year when the asset is realized or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Deferred income tax assets and deferred income tax liabilities are offset, if a legally enforceable right exists to set off current tax assets against current income tax liabilities and the deferred income taxes relate to the same taxable entity and the same taxation authority.

Flow-through shares:
On the issuance of flow-through shares, any premium received in excess of the market price of the Company’s common shares is initially recorded as a liability (“flow-through tax liability”). Provided that the Company has renounced the related expenditures, or that there is a reasonable expectation that it will do so, the flow-through tax liability is reduced on a pro-rata basis as the expenditures are incurred. If such expenditures are capitalized, a deferred tax liability is recognized. To the extent that the Company has suitable unrecognized deductible temporary differences, an offsetting recovery of deferred income taxes would be recorded.

Restoration and environmental obligations [Policy Text Block]

Restoration and environmental obligations
The Company recognizes liabilities for statutory, contractual, constructive or legal obligations associated with the retirement of long-term assets, when those obligations result from the acquisition, construction, development or normal operation of the assets. The net present value of future restoration cost estimates arising from the decommissioning of plant and other site preparation work is capitalized to the related asset along with a corresponding increase in the restoration provision in the period incurred. Discount rates using a pre-tax rate that reflect the time value of money are used to calculate the net present value.

The Company’s estimates of restoration costs could change as a result of changes in regulatory requirements, discount rates and assumptions regarding the amount and timing of the future expenditures. These changes are recorded directly to the related asset with a corresponding entry to the restoration provision. The Company’s estimates are reviewed annually for changes in regulatory requirements, discount rates, effects of inflation and changes in estimates.

Changes in the net present value, excluding changes in the Company’s estimates of restoration costs, are charged to the statement of comprehensive loss for the period.

The net present value of restoration costs arising from subsequent site damage that is incurred on an ongoing basis during production are charged to the statement of comprehensive loss in the period incurred.

The costs of restoration projects that were included in the provision are recorded against the provision as incurred. The costs to prevent and control environmental impacts at specific properties are capitalized in accordance with the Company’s accounting policy for exploration and evaluation assets.

At December 31, 2017 and 2016, the Company had no material restoration and environmental obligations.

Equipment [Policy Text Block]

Equipment

Plant and equipment are stated at historical cost less accumulated depreciation and accumulated impairment losses.

Subsequent costs are included in the asset’s carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Company and the cost of the item can be measured reliably. The carrying amount of the replaced part is derecognized. All other repairs and maintenance are charged to the statement of comprehensive loss during the financial period in which they are incurred.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognized in the statement of comprehensive loss.

Amortization is calculated on a declining balance method to write off the cost of the assets to their residual values over their estimated useful lives. The amortization rates applicable to each category of property, plant and equipment are as follows:

Class of equipment Amortization rate
Motor vehicles 30% declining balance
Computer equipment 30% declining balance
Exploration and office equipment 20% declining balance
XML 31 R24.htm IDEA: XBRL DOCUMENT v3.8.0.1
Significant accounting policies and basis of preparation (Tables)
12 Months Ended
Dec. 31, 2017
Statement [Line Items]  
Disclosure of detailed information about estimated useful life or depreciation rate [Table Text Block]
Class of equipment Amortization rate
Motor vehicles 30% declining balance
Computer equipment 30% declining balance
Exploration and office equipment 20% declining balance
XML 32 R25.htm IDEA: XBRL DOCUMENT v3.8.0.1
Receivables (Tables)
12 Months Ended
Dec. 31, 2017
Statement [Line Items]  
Disclosure of detailed information about trade and other receivables [Table Text Block]
      2017     2016  
      $     $  
               
  Goods and Service sales tax   5,177     1,141  
  British Columbia mining tax credits   20,264     7,273  
  Interest receivable   5,210     -  
  Other receivables   -     2,090  
      30,651     10,504  
XML 33 R26.htm IDEA: XBRL DOCUMENT v3.8.0.1
Equipment (Tables)
12 Months Ended
Dec. 31, 2017
Statement [Line Items]  
Disclosure of detailed information about property, plant and equipment [Table Text Block]
                  Exploration        
      Motor     Computer     and office        
      Vehicles     equipment     equipment     Total  
      $     $     $     $  
  Cost:                        
  At December 31, 2016 and 2015   20,330     28,809     61,984     111,123  
  Additions   -     856     -     856  
  At December 31, 2017   20,330     29,665     61,984     111,979  
                           
  Depreciation:                        
  At January 1, 2015   19,422     25,619     51,794     97,835  
  Charge for the year   272     660     2,036     2,968  
  At December 31, 2016   19,694     27,279     53,830     100,803  
  Charge for the year   144     348     1,221     1,713  
  At December 31, 2017   19,838     27,627     55,051     102,516  
                           
  Net book value:                        
  At December 31, 2016   636     1,530     8,154     10,320  
  At December 31, 2017   492     2,038     6,933     9,463  
XML 34 R27.htm IDEA: XBRL DOCUMENT v3.8.0.1
Exploration and evaluation assets (Tables)
12 Months Ended
Dec. 31, 2017
Statement [Line Items]  
Disclosure of detailed information about deferred exploration costs [Table Text Block]
      Balance,           Balance,           Balance,  
      December 31,     Change in year     December 31,     Change in year     December 31,  
      2015     2016     2016     2017     2017  
      $     $     $     $     $  
                                 
  Mineral property interests   179,500     -     179,500     -     179,500  
  Assays and testing   2,052,292     -     2,052,292     -     2,052,292  
  Claims renewal / staking   459,261     -     459,261     -     459,261  
  Drilling   12,488,967     -     12,488,967     -     12,488,967  
  Environmental studies   1,256,621     -     1,256,621     -     1,256,621  
  Exploration data management   917,422     -     917,422     -     917,422  
  First Nations   166,444     -     166,444     -     166,444  
  Geochemistry   111,066     -     111,066     -     111,066  
  Geological and engineering services   8,779,898     18,000     8,779,898     54,358     8,834,256  
  Geophysical services   743,515     -     743,515     -     743,515  
  Metallurgy   3,792,672     7,500     3,792,672     -     3,792,672  
  Petrographic work   43,957     -     43,957     -     43,957  
  Project management   106,015     -     106,015     -     106,015  
  Survey, mapping and camp   1,617,849     10,866     1,617,849     10,597     1,628,446  
  Transportation   2,604,549     -     2,604,549     -     2,604,549  
  Cost recovery   (56,480 )   -     (56,480 )   -     (56,480 )
  Property impairments   (33,006,960 )   (29,093 )   (33,006,960 )   (51,964 )   (33,058,924 )
  BC refundable mining tax credits   (2,195,403 )   (7,273 )   (2,195,403 )   (12,991 )   (2,208,394 )
  Federal non-refundable mining tax credits, net                              
  of valuation allowance   (61,185 )   -     (61,185 )   -     (61,185 )
      1     -     1     -     1  
XML 35 R28.htm IDEA: XBRL DOCUMENT v3.8.0.1
Trade payables and accrued liabilities (Tables)
12 Months Ended
Dec. 31, 2017
Statement [Line Items]  
Disclosure of detailed information about trade and other payables [Table Text Block]
      December 31,     December 31,  
      2017     2016  
      $     $  
  Trade payables   134,982     4,970  
  Accrued liabilities   10,000     10,000  
      144,982     14,970  
XML 36 R29.htm IDEA: XBRL DOCUMENT v3.8.0.1
Sublease obligations (Tables)
12 Months Ended
Dec. 31, 2017
Statement [Line Items]  
Disclosure of lease prepayments [Table Text Block]
      December 31,     December 31,  
      2017     2016  
      $     $  
  Payable not later than one year   53,159     53,159  
  Payable later than one year and not later than five years   13,290     79,738  
      66,449     132,897  
XML 37 R30.htm IDEA: XBRL DOCUMENT v3.8.0.1
Income taxes and mining tax credits (Tables)
12 Months Ended
Dec. 31, 2017
Statement [Line Items]  
Disclosure of detailed information about effective income tax expense recovery [Table Text Block]
      Year ended     Year ended  
      December 31,     December 31,  
      2017     2016  
      $     $  
  Loss before income taxes   683,299     224,112  
               
  Statutory tax rate   26%     26%  
  Expected income tax recovery at the statutory tax rate   (177,658 )   (58,269 )
  Tax pool not recognized   13,511     7,564  
  Other   164,147     50,705  
  Income tax recovery   -     -  
Disclosure of deferred taxes [Table Text Block]
      December 31,     December 31,  
      2017     2016  
      $     $  
  Federal investment tax credits   663,144     663,144  
  Exploration and evaluation assets   3,804,616     3,674,149  
  Non-capital loss carryforwards   4,129,727     4,056,879  
  Other   84,875     85,439  
  Valuation allowance   (8,682,363 )   (8,479,611 )
      -     -  
Disclosure of detailed information about tax pools available [Table Text Block]
                        Canadian federal  
      Canadian                 investment tax credit  
      resource pools     Non-capital losses     Other     losses  
      $     $     $     $  
  2025   -     -     -     25,187  
  2026   -     1,664,306     -     92,277  
  2027   -     3,323,364     -     58,467  
  2028   -     2,559,941     -     237,882  
  2029   -     2,621,029     -     249,331  
  2030   -     2,388,895     -     -  
  2031   -     1,392,745     -     -  
  2032   -     818,329     -     -  
  2033   -     202,411     -     -  
  2034   -     266,149     -     -  
  2035   -     173,814     -     -  
  2036   -     152,243     -     -  
  2037   -     320,131     -     -  
  No                        
  expiry   14,633,140     -     335,907     -  
      14,633,140     15,883,566     335,907     663,144  
XML 38 R31.htm IDEA: XBRL DOCUMENT v3.8.0.1
Share capital (Tables)
12 Months Ended
Dec. 31, 2017
Statement [Line Items]  
Disclosure of number and weighted average exercise prices of share options [Table Text Block]
      Year ended     Year ended  
      December 31, 2017     December 31, 2016  
            Weighted           Weighted  
            average           average  
      Number of     exercise     Number of     exercise  
      options     price     options     price  
  Options outstanding, beginning   1,640,000   $ 0.19     234,700   $ 2.16  
  Options granted   1,150,000     0.50     1,475,000     0.10  
  Options exercised   (125,000 )   0.10     -     -  
  Options expired/forfeited   (2,500 )   1.00     (69,700 )   4.88  
  Options outstanding, ending   2,662,500   $ 0.33     1,640,000   $ 0.19  
                           
  Options exercisable, ending   2,602,500   $ 0.32     902,500   $ 0.26  
Disclosure of number and weighted average remaining contractual life of outstanding share options [Table Text Block]
  Weighted average   Weighted average     Number of options  
  exercise price   contractual life     outstanding  
  $1.00   0.01 years     162,500  
  $0.10   3.50 years     1,350,000  
  $0.22   4.70 years     100,000  
  $0.40   4.76 years     550,000  
  $0.60   4.81 years     325,000  
  $0.80   4.87 years     175,000  
  $0.33   3.50 years     2,662,500  
Disclosure of detailed information about options, valuation assumptions [Table Text Block]
      2017     2016  
  Share price   $0.44     $0.06  
  Exercise price   $0.50     $0.10  
  Expected life of options   5 years     5 years  
  Annualized volatility   100%     102%  
  Risk-free interest rate   1.60%     0.62%  
  Dividend rate   0%     0%  
Disclosure of detailed information about warrants, activity [Table Text Block]
      Year     Year ended  
      December 31, 2017     December 31, 2016  
            Average           Average  
      Number of     exercise     Number of     exercise  
      warrants     price     warrants     price  
  Warrants outstanding, beginning   13,444,147   $ 0.10     1,052,680   $ 0.24  
  Warrants issued   13,809,600     0.25     12,600,800     0.10  
  Warrants exercised   (855,000 )   0.06     -     -  
  Warrants expired   (944,147 )   0.10     (209,333 )   0.80  
  Warrants outstanding, ending   25,454,600   $ 0.18     13,444,147   $ 0.10  
Disclosure of detailed information about warrants outstanding [Table Text Block]
  Weighted average   Weighted average     Number of warrants  
  exercise price   contractual life     outstanding  
  $0.35   0.81 years     396,000  
  $0.70   0.98 years     173,600  
  $0.07   2.67 years     7,583,333  
  $0.45   2.82 years     3,375,000  
  $0.70   2.98 years     1,531,667  
  $0.10   3.27 years     12,395,000  
  $0.18   2.95 years     25,454,600  
XML 39 R32.htm IDEA: XBRL DOCUMENT v3.8.0.1
Related party transactions (Tables)
12 Months Ended
Dec. 31, 2017
Statement [Line Items]  
Disclosure of information about key management personnel [Table Text Block]
      December 31,     December 31,  
      2017     2016  
      $     $  
  Consulting fees   2,500     8,000  
  Interest expense   551     -  
  Management fees   53,600     18,000  
  Stock-based compensation   41,163     28,312  
      97,814     54,312  
XML 40 R33.htm IDEA: XBRL DOCUMENT v3.8.0.1
Financial instruments and financial risk management (Tables)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Statement [Line Items]    
Disclosure of maturity analysis for derivative financial liabilities [Table Text Block]
      Within one     Between one        
      year     and five     More than  
            years     five years  
  Trade payables and accrued liabilities $ 144,982   $   -   $   -  
 
Disclosure of financial assets [Table Text Block]
      December 31,     December 31,  
      2017     2016  
  Cash and cash equivalents $ 4,066,588   $ 85,758  
  Loans and receivables:            
       Reclamation deposits   187,900     187,900  
    $ 4,254,488   $ 273,658  
 
Disclosure of financial liabilities [Table Text Block]
      December 31,     December 31,  
      2017     2016  
  Non-derivative financial liabilities:            
   Trade payables and accrued liabilities $ 144,982   $ 14,970  
 
Disclosure of fair value measurement of assets [Table Text Block]
      As at December 31, 2017  
      Level 1     Level 2     Level 3  
  Cash $ 4,066,588   $   -   $   -  
      As at December 31, 2016  
      Level 1     Level 2     Level 3  
  Cash $ 85,758   $   -   $   -  
XML 41 R34.htm IDEA: XBRL DOCUMENT v3.8.0.1
Nature and continuance of operations (Narrative) (Details)
Dec. 31, 2017
CAD ($)
Statement [Line Items]  
Working capital $ 4,313,682
XML 42 R35.htm IDEA: XBRL DOCUMENT v3.8.0.1
Exploration and evaluation assets (Narrative) (Details) - CAD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Statement [Line Items]      
Expenditures on exploration and evaluation assets $ 51,964 $ 29,093  
Exploration property impairments 51,964 29,093  
Exploration and evaluation assets 1 $ 1 $ 1
Exploration and evaluation expenditures $ 51,964    
Turnagain mineral claims [Member]      
Statement [Line Items]      
Mineral claim, ownership percentage 100.00%    
Net smelter return royalty 4.00%    
Price per percentage of net smelter return royalty $ 1,000,000    
Expenditures on exploration and evaluation assets 29,093    
Exploration property impairments 29,093    
Exploration and evaluation assets $ 1    
XML 43 R36.htm IDEA: XBRL DOCUMENT v3.8.0.1
Share capital (Narrative) (Details)
1 Months Ended 12 Months Ended
Dec. 27, 2017
CAD ($)
$ / shares
Dec. 20, 2017
CAD ($)
$ / shares
Oct. 24, 2017
CAD ($)
$ / shares
Aug. 30, 2017
CAD ($)
$ / shares
Apr. 30, 2016
CAD ($)
$ / shares
Mar. 31, 2016
CAD ($)
$ / shares
shares
Dec. 31, 2017
CAD ($)
shares
Dec. 31, 2016
CAD ($)
shares
Statement [Line Items]                
Number of shares issued | shares             40,664,015 21,537,349
Number of units granted in share-based payment arrangement 1,250,000 1,813,333 6,750,000 8,333,333 3,380,000 9,120,000    
Equity Issuance, Price per Unit | $ / shares $ 0.60 $ 0.60 $ 0.35 $ 0.06 $ 0.02 $ 0.02    
Proceeds from issuance of units $ 750,000 $ 1,088,000 $ 2,362,500 $ 500,000 $ 67,600 $ 182,400    
Weighted average exercise price of warrants granted in share-based payment arrangement 0.70 0.70 0.45   0.10 $ 0.10 $ 0.25 $ 0.10
Increase (decrease) in number of shares outstanding | shares           2,700,000    
Fair value of warrants granted during period 0 36,267 0 0        
Payments for finder's fees 45,000 59,160 126,313          
Payments for share issue costs $ 3,050 $ 2,306 $ 16,663 4,575 $ 2,816 $ 1,800 $ 257,067 4,616
Number of broker warrants granted in share based payment arrangement 75,000 98,600 396,000   10,800 90,000 569,600  
Fair value of broker warrants granted in share based payment arrangement $ 22,333 $ 18,762 $ 111,210       $ 152,305  
Weighted average share price, warrants granted 0.74 0.58 0.54       0.56  
Weighted average exercise price of warrants granted in share-based payment arrangement $ 0.70 $ 0.70 $ 0.35          
Expected volatility, warrants granted 100.00% 100.00% 100.00%          
Expected life, warrants granted 1 year 1 year 1 year          
Risk free interest rate, warrants granted 0.73% 0.73% 0.73%          
Expected dividend as percentage, warrants granted 0.00% 0.00% 0.00%          
Loss for the year             $ 683,299 $ 224,112
Weighted average number of shares outstanding basic and diluted | shares             25,986,111 18,347,211
Description of instruments with potential future dilutive effect not included in calculation of diluted earnings per share             Diluted loss per share did not include the effect of 2,662,500 stock options and 25,454,600 warrants as the effect would be anti-dilutive.  
Description of maximum term of options granted for share-based payment arrangement             The Company has adopted an incentive stock option plan, which provides that the Board of Directors of the Company may from time to time, in its discretion, and in accordance with the Exchange requirements, grant to directors, officers, employees and technical consultants to the Company, non-transferable stock options to purchase common shares, provided that the number of common shares reserved for issuance will not exceed 10% of the Company’s issued and outstanding common shares. Such options will be exercisable for a period of up to 5 years from the date of grant. In connection with the foregoing, the number of common shares reserved for issuance to any one optionee will not exceed five percent (5%) of the issued and outstanding common shares and the number of common shares reserved for issuance to all investor relations and technical consultants will not exceed two percent (2%) of the issued and outstanding common shares. Options may be exercised no later than 90 days following cessation of the optionee’s position with the Company or 30 days following cessation of an optionee conducting investor relations activities’ position.  
Number of share options granted in share-based payment arrangement             1,150,000 1,475,000
Weighted average fair value at measurement date, share options granted             $ 0.32 $ 0.04
Stock-based compensation             $ 360,493 $ 42,831
Bottom of range [Member]                
Statement [Line Items]                
Weighted average exercise price of warrants granted in share-based payment arrangement       0.07        
Top of range [Member]                
Statement [Line Items]                
Weighted average exercise price of warrants granted in share-based payment arrangement       $ 0.08        
XML 44 R37.htm IDEA: XBRL DOCUMENT v3.8.0.1
Related party transactions (Narrative) (Details) - CAD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Statement [Line Items]    
Key management personnel compensation, short-term employee benefits $ 37,700 $ 17,000
Key management personnel compensation, stock-based compensation $ 41,163 $ 28,312
XML 45 R38.htm IDEA: XBRL DOCUMENT v3.8.0.1
Supplemental cash flow information (Narrative) (Details)
1 Months Ended 12 Months Ended
Dec. 27, 2017
CAD ($)
Dec. 20, 2017
CAD ($)
Oct. 24, 2017
CAD ($)
Apr. 30, 2016
Mar. 31, 2016
Dec. 31, 2017
CAD ($)
Statement [Line Items]            
Number of broker warrants granted in share based payment arrangement 75,000 98,600 396,000 10,800 90,000 569,600
Fair value of broker warrants granted in share based payment arrangement $ 22,333 $ 18,762 $ 111,210     $ 152,305
XML 46 R39.htm IDEA: XBRL DOCUMENT v3.8.0.1
Subsequent events (Narrative) (Details)
1 Months Ended 12 Months Ended
Apr. 03, 2018
CAD ($)
Feb. 05, 2018
CAD ($)
Apr. 20, 2018
CAD ($)
Jan. 31, 2018
CAD ($)
$ / shares
Dec. 27, 2017
CAD ($)
$ / shares
Dec. 20, 2017
CAD ($)
$ / shares
Oct. 24, 2017
CAD ($)
$ / shares
Aug. 30, 2017
CAD ($)
$ / shares
Apr. 30, 2016
CAD ($)
$ / shares
Mar. 31, 2016
CAD ($)
$ / shares
Dec. 31, 2017
CAD ($)
shares
Dec. 31, 2016
CAD ($)
Statement [Line Items]                        
Number of units granted         1,250,000 1,813,333 6,750,000 8,333,333 3,380,000 9,120,000    
Equity Issuance, Price per Unit | $ / shares         $ 0.60 $ 0.60 $ 0.35 $ 0.06 $ 0.02 $ 0.02    
Proceeds from issuance of units         $ 750,000 $ 1,088,000 $ 2,362,500 $ 500,000 $ 67,600 $ 182,400    
Weighted average exercise price of warrants granted in share-based payment arrangement         0.70 0.70 0.45   $ 0.10 $ 0.10 $ 0.25 $ 0.10
Payments for finder's fees         $ 45,000 $ 59,160 $ 126,313          
Number of broker warrants granted in share based payment arrangement         75,000 98,600 396,000   10,800 90,000 569,600  
Subscriptions received                     $ 27,000 $ 0
Number of warrants exercised in share-based payment arrangement                     855,000 0
Weighted average exercise price of warrants exercised in share-based payment arrangement                     $ 0.06 $ 0
Number of share options granted in share-based payment arrangement                     1,150,000 1,475,000
Subsequent events [Member]                        
Statement [Line Items]                        
Number of units granted       960,000                
Equity Issuance, Price per Unit | $ / shares       $ 0.60                
Proceeds from issuance of units       $ 576,000                
Weighted average exercise price of warrants granted in share-based payment arrangement       0.70                
Payments for finder's fees       $ 22,080                
Number of broker warrants granted in share based payment arrangement       36,800                
Number of share options granted in share-based payment arrangement 200,000 850,000 75,000                  
Price of share options granted $ 0.60 $ 0.55 $ 0.60                  
Description of vesting requirements for share-based payment arrangement The options vest as to 25,000 on the date of grant and 25,000 every three months thereafter. Of the 850,000 stock options granted, 600,000 vested immediately and the remaining 250,000 vest as to 25% every three months from the date of grant. The options vest on October 20, 2018.                  
Subsequent events - exercise of warrants 1 [Member]                        
Statement [Line Items]                        
Exercise of warrants (Shares) | shares                     300,000  
Number of warrants exercised in share-based payment arrangement                     300,000  
Weighted average exercise price of warrants exercised in share-based payment arrangement                     $ 0.10  
Subsequent events - exercise of warrants 2 [Member]                        
Statement [Line Items]                        
Exercise of warrants (Shares) | shares                     100,000  
Number of warrants exercised in share-based payment arrangement                     100,000  
Weighted average exercise price of warrants exercised in share-based payment arrangement                     $ 0.07  
XML 47 R40.htm IDEA: XBRL DOCUMENT v3.8.0.1
Disclosure of detailed information about estimated useful life or depreciation rate (Details)
12 Months Ended
Dec. 31, 2017
Motor vehicles [Member]  
Statement [Line Items]  
Useful lives or depreciation rates, property, plant and equipment 30% declining balance
Computer equipment [Member]  
Statement [Line Items]  
Useful lives or depreciation rates, property, plant and equipment 30% declining balance
Exploration and office equipment [Member]  
Statement [Line Items]  
Useful lives or depreciation rates, property, plant and equipment 20% declining balance
XML 48 R41.htm IDEA: XBRL DOCUMENT v3.8.0.1
Disclosure of detailed information about trade and other receivables (Details) - CAD ($)
Dec. 31, 2017
Dec. 31, 2016
Statement [Line Items]    
Goods and Service sales tax $ 5,177 $ 1,141
British Columbia mining tax credits 20,264 7,273
Interest receivable 5,210 0
Other receivable 0 2,090
Trade and other current receivables $ 30,651 $ 10,504
XML 49 R42.htm IDEA: XBRL DOCUMENT v3.8.0.1
Disclosure of detailed information about property, plant and equipment (Details) - CAD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Statement [Line Items]    
Property, plant and equipment at beginning of period $ 10,320  
Property, plant and equipment at end of period 9,463 $ 10,320
Cost [Member]    
Statement [Line Items]    
Property, plant and equipment at beginning of period 111,123  
Additions 856  
Property, plant and equipment at end of period 111,979 111,123
Depreciation [Member]    
Statement [Line Items]    
Property, plant and equipment at beginning of period 100,803 97,835
Charge for the year 1,713 2,968
Property, plant and equipment at end of period 102,516 100,803
Motor vehicles [Member]    
Statement [Line Items]    
Property, plant and equipment at beginning of period 636  
Property, plant and equipment at end of period 492 636
Motor vehicles [Member] | Cost [Member]    
Statement [Line Items]    
Property, plant and equipment at beginning of period 20,330  
Additions 0  
Property, plant and equipment at end of period 20,330 20,330
Motor vehicles [Member] | Depreciation [Member]    
Statement [Line Items]    
Property, plant and equipment at beginning of period 19,694 19,422
Charge for the year 144 272
Property, plant and equipment at end of period 19,838 19,694
Computer equipment [Member]    
Statement [Line Items]    
Property, plant and equipment at beginning of period 1,530  
Property, plant and equipment at end of period 2,038 1,530
Computer equipment [Member] | Cost [Member]    
Statement [Line Items]    
Property, plant and equipment at beginning of period 28,809  
Additions 856  
Property, plant and equipment at end of period 29,665 28,809
Computer equipment [Member] | Depreciation [Member]    
Statement [Line Items]    
Property, plant and equipment at beginning of period 27,279 25,619
Charge for the year 348 660
Property, plant and equipment at end of period 27,627 27,279
Exploration and office equipment [Member]    
Statement [Line Items]    
Property, plant and equipment at beginning of period 8,154  
Property, plant and equipment at end of period 6,933 8,154
Exploration and office equipment [Member] | Cost [Member]    
Statement [Line Items]    
Property, plant and equipment at beginning of period 61,984  
Additions 0  
Property, plant and equipment at end of period 61,984 61,984
Exploration and office equipment [Member] | Depreciation [Member]    
Statement [Line Items]    
Property, plant and equipment at beginning of period 53,830 51,794
Charge for the year 1,221 2,036
Property, plant and equipment at end of period $ 55,051 $ 53,830
XML 50 R43.htm IDEA: XBRL DOCUMENT v3.8.0.1
Disclosure of detailed information about deferred exploration costs (Details) - CAD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Statement [Line Items]    
Exploration and evaluation assets, beginning balance $ 1 $ 1
Property impairments (51,964) (29,093)
Change in exploration and evaluation assets 0 0
Exploration and evaluation assets, ending balance 1 1
Mineral property interests [Member]    
Statement [Line Items]    
Exploration and evaluation assets, beginning balance 179,500 179,500
Change in exploration and evaluation assets 0 0
Exploration and evaluation assets, ending balance 179,500 179,500
Assays and testing [Member]    
Statement [Line Items]    
Exploration and evaluation assets, beginning balance 2,052,292 2,052,292
Change in exploration and evaluation assets 0 0
Exploration and evaluation assets, ending balance 2,052,292 2,052,292
Claims renewal / staking [Member]    
Statement [Line Items]    
Exploration and evaluation assets, beginning balance 459,261 459,261
Change in exploration and evaluation assets 0 0
Exploration and evaluation assets, ending balance 459,261 459,261
Drilling [Member]    
Statement [Line Items]    
Exploration and evaluation assets, beginning balance 12,488,967 12,488,967
Change in exploration and evaluation assets 0 0
Exploration and evaluation assets, ending balance 12,488,967 12,488,967
Environmental studies [Member]    
Statement [Line Items]    
Exploration and evaluation assets, beginning balance 1,256,621 1,256,621
Change in exploration and evaluation assets 0 0
Exploration and evaluation assets, ending balance 1,256,621 1,256,621
Exploration data management [Member]    
Statement [Line Items]    
Exploration and evaluation assets, beginning balance 917,422 917,422
Change in exploration and evaluation assets 0 0
Exploration and evaluation assets, ending balance 917,422 917,422
First Nations [Member]    
Statement [Line Items]    
Exploration and evaluation assets, beginning balance 166,444 166,444
Change in exploration and evaluation assets 0 0
Exploration and evaluation assets, ending balance 166,444 166,444
Geochemistry [Member]    
Statement [Line Items]    
Exploration and evaluation assets, beginning balance 111,066 111,066
Change in exploration and evaluation assets 0 0
Exploration and evaluation assets, ending balance 111,066 111,066
Geological and engineering services [Member]    
Statement [Line Items]    
Exploration and evaluation assets, beginning balance 8,779,898 8,779,898
Change in exploration and evaluation assets 54,358 18,000
Exploration and evaluation assets, ending balance 8,834,256 8,779,898
Geophysical services [Member]    
Statement [Line Items]    
Exploration and evaluation assets, beginning balance 743,515 743,515
Change in exploration and evaluation assets 0 0
Exploration and evaluation assets, ending balance 743,515 743,515
Metallurgy [Member]    
Statement [Line Items]    
Exploration and evaluation assets, beginning balance 3,792,672 3,792,672
Change in exploration and evaluation assets 0 7,500
Exploration and evaluation assets, ending balance 3,792,672 3,792,672
Petrographic work [Member]    
Statement [Line Items]    
Exploration and evaluation assets, beginning balance 43,957 43,957
Change in exploration and evaluation assets 0 0
Exploration and evaluation assets, ending balance 43,957 43,957
Project management [Member]    
Statement [Line Items]    
Exploration and evaluation assets, beginning balance 106,015 106,015
Change in exploration and evaluation assets 0 0
Exploration and evaluation assets, ending balance 106,015 106,015
Survey, mapping and camp [Member]    
Statement [Line Items]    
Exploration and evaluation assets, beginning balance 1,617,849 1,617,849
Change in exploration and evaluation assets 10,597 10,866
Exploration and evaluation assets, ending balance 1,628,446 1,617,849
Transportation [Member]    
Statement [Line Items]    
Exploration and evaluation assets, beginning balance 2,604,549 2,604,549
Change in exploration and evaluation assets 0 0
Exploration and evaluation assets, ending balance 2,604,549 2,604,549
Cost recovery [Member]    
Statement [Line Items]    
Exploration and evaluation assets, beginning balance (56,480) (56,480)
Change in exploration and evaluation assets 0 0
Exploration and evaluation assets, ending balance (56,480) (56,480)
Property impairments [Member]    
Statement [Line Items]    
Exploration and evaluation assets, beginning balance (33,006,960) (33,006,960)
Property impairments (51,964) (29,093)
Exploration and evaluation assets, ending balance (33,058,924) (33,006,960)
BC refundable mining tax credits [Member]    
Statement [Line Items]    
Exploration and evaluation assets, beginning balance (2,195,403) (2,195,403)
Change in exploration and evaluation assets (12,991) (7,273)
Exploration and evaluation assets, ending balance (2,208,394) (2,195,403)
Federal non-refundable mining tax credits, net of valuation allowance [Member]    
Statement [Line Items]    
Exploration and evaluation assets, beginning balance (61,185) (61,185)
Change in exploration and evaluation assets 0 0
Exploration and evaluation assets, ending balance $ (61,185) $ (61,185)
XML 51 R44.htm IDEA: XBRL DOCUMENT v3.8.0.1
Disclosure of detailed information about trade and other payables (Details) - CAD ($)
Dec. 31, 2017
Dec. 31, 2016
Statement [Line Items]    
Trade payables $ 134,982 $ 4,970
Accrued liabilities 10,000 10,000
Total trade and other current payables $ 144,982 $ 14,970
XML 52 R45.htm IDEA: XBRL DOCUMENT v3.8.0.1
Disclosure of lease prepayments (Details) - CAD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Statement [Line Items]    
Minimum operating lease payments $ 66,449 $ 132,897
Payable not later than one year [Member]    
Statement [Line Items]    
Minimum operating lease payments 53,159 53,159
Payable later than one year and not later than five years [Member]    
Statement [Line Items]    
Minimum operating lease payments $ 13,290 $ 79,738
XML 53 R46.htm IDEA: XBRL DOCUMENT v3.8.0.1
Disclosure of detailed information about effective income tax expense recovery (Details) - CAD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Statement [Line Items]    
Loss before income taxes $ 683,299 $ 224,112
Statutory tax rate 26.00% 26.00%
Expected income tax recovery at the statutory tax rate $ (177,658) $ (58,269)
Tax pool not recognized 13,511 7,564
Other 164,147 50,705
Income tax recovery $ 0 $ 0
XML 54 R47.htm IDEA: XBRL DOCUMENT v3.8.0.1
Disclosure of deferred taxes (Details) - CAD ($)
Dec. 31, 2017
Dec. 31, 2016
Statement [Line Items]    
Deferred tax assets and liabilities $ 0 $ 0
Federal investment tax credits [Member]    
Statement [Line Items]    
Deferred tax assets and liabilities 663,144 663,144
Exploration and office equipment [Member]    
Statement [Line Items]    
Deferred tax assets and liabilities 3,804,616 3,674,149
Non-capital loss carryforwards [Member]    
Statement [Line Items]    
Deferred tax assets and liabilities 4,129,727 4,056,879
Other [Member]    
Statement [Line Items]    
Deferred tax assets and liabilities 84,875 85,439
Valuation allowance [Member]    
Statement [Line Items]    
Deferred tax assets and liabilities $ (8,682,363) $ (8,479,611)
XML 55 R48.htm IDEA: XBRL DOCUMENT v3.8.0.1
Disclosure of detailed information about tax pools available (Details)
Dec. 31, 2017
CAD ($)
Canadian resource pools [Member]  
Statement [Line Items]  
Deductible temporary differences for which no deferred tax asset is recognised $ 14,633,140
Non-capital losses [Member]  
Statement [Line Items]  
Unused tax losses for which no deferred tax asset recognised 15,883,566
Other [Member]  
Statement [Line Items]  
Deductible temporary differences for which no deferred tax asset is recognised 335,907
Canadian federal investment tax credit losses [Member]  
Statement [Line Items]  
Unused tax credits for which no deferred tax asset recognised 663,144
2025 [Member] | Canadian resource pools [Member]  
Statement [Line Items]  
Deductible temporary differences for which no deferred tax asset is recognised 0
2025 [Member] | Non-capital losses [Member]  
Statement [Line Items]  
Unused tax losses for which no deferred tax asset recognised 0
2025 [Member] | Other [Member]  
Statement [Line Items]  
Deductible temporary differences for which no deferred tax asset is recognised 0
2025 [Member] | Canadian federal investment tax credit losses [Member]  
Statement [Line Items]  
Unused tax credits for which no deferred tax asset recognised 25,187
2026 [Member] | Canadian resource pools [Member]  
Statement [Line Items]  
Deductible temporary differences for which no deferred tax asset is recognised 0
2026 [Member] | Non-capital losses [Member]  
Statement [Line Items]  
Unused tax losses for which no deferred tax asset recognised 1,664,306
2026 [Member] | Other [Member]  
Statement [Line Items]  
Deductible temporary differences for which no deferred tax asset is recognised 0
2026 [Member] | Canadian federal investment tax credit losses [Member]  
Statement [Line Items]  
Unused tax credits for which no deferred tax asset recognised 92,277
2027 [Member] | Canadian resource pools [Member]  
Statement [Line Items]  
Deductible temporary differences for which no deferred tax asset is recognised 0
2027 [Member] | Non-capital losses [Member]  
Statement [Line Items]  
Unused tax losses for which no deferred tax asset recognised 3,323,364
2027 [Member] | Other [Member]  
Statement [Line Items]  
Deductible temporary differences for which no deferred tax asset is recognised 0
2027 [Member] | Canadian federal investment tax credit losses [Member]  
Statement [Line Items]  
Unused tax credits for which no deferred tax asset recognised 58,467
2028 [Member] | Canadian resource pools [Member]  
Statement [Line Items]  
Deductible temporary differences for which no deferred tax asset is recognised 0
2028 [Member] | Non-capital losses [Member]  
Statement [Line Items]  
Unused tax losses for which no deferred tax asset recognised 2,559,941
2028 [Member] | Other [Member]  
Statement [Line Items]  
Deductible temporary differences for which no deferred tax asset is recognised 0
2028 [Member] | Canadian federal investment tax credit losses [Member]  
Statement [Line Items]  
Unused tax credits for which no deferred tax asset recognised 237,882
2029 [Member] | Canadian resource pools [Member]  
Statement [Line Items]  
Deductible temporary differences for which no deferred tax asset is recognised 0
2029 [Member] | Non-capital losses [Member]  
Statement [Line Items]  
Unused tax losses for which no deferred tax asset recognised 2,621,029
2029 [Member] | Other [Member]  
Statement [Line Items]  
Deductible temporary differences for which no deferred tax asset is recognised 0
2029 [Member] | Canadian federal investment tax credit losses [Member]  
Statement [Line Items]  
Unused tax credits for which no deferred tax asset recognised 249,331
2030 [Member] | Canadian resource pools [Member]  
Statement [Line Items]  
Deductible temporary differences for which no deferred tax asset is recognised 0
2030 [Member] | Non-capital losses [Member]  
Statement [Line Items]  
Unused tax losses for which no deferred tax asset recognised 2,388,895
2030 [Member] | Other [Member]  
Statement [Line Items]  
Deductible temporary differences for which no deferred tax asset is recognised 0
2030 [Member] | Canadian federal investment tax credit losses [Member]  
Statement [Line Items]  
Unused tax credits for which no deferred tax asset recognised 0
2031 [Member] | Canadian resource pools [Member]  
Statement [Line Items]  
Deductible temporary differences for which no deferred tax asset is recognised 0
2031 [Member] | Non-capital losses [Member]  
Statement [Line Items]  
Unused tax losses for which no deferred tax asset recognised 1,392,745
2031 [Member] | Other [Member]  
Statement [Line Items]  
Deductible temporary differences for which no deferred tax asset is recognised 0
2031 [Member] | Canadian federal investment tax credit losses [Member]  
Statement [Line Items]  
Unused tax credits for which no deferred tax asset recognised 0
2032 [Member] | Canadian resource pools [Member]  
Statement [Line Items]  
Deductible temporary differences for which no deferred tax asset is recognised 0
2032 [Member] | Non-capital losses [Member]  
Statement [Line Items]  
Unused tax losses for which no deferred tax asset recognised 818,329
2032 [Member] | Other [Member]  
Statement [Line Items]  
Deductible temporary differences for which no deferred tax asset is recognised 0
2032 [Member] | Canadian federal investment tax credit losses [Member]  
Statement [Line Items]  
Unused tax credits for which no deferred tax asset recognised 0
2033 [Member] | Canadian resource pools [Member]  
Statement [Line Items]  
Deductible temporary differences for which no deferred tax asset is recognised 0
2033 [Member] | Non-capital losses [Member]  
Statement [Line Items]  
Unused tax losses for which no deferred tax asset recognised 202,411
2033 [Member] | Other [Member]  
Statement [Line Items]  
Deductible temporary differences for which no deferred tax asset is recognised 0
2033 [Member] | Canadian federal investment tax credit losses [Member]  
Statement [Line Items]  
Unused tax credits for which no deferred tax asset recognised 0
2034 [Member] | Canadian resource pools [Member]  
Statement [Line Items]  
Deductible temporary differences for which no deferred tax asset is recognised 0
2034 [Member] | Non-capital losses [Member]  
Statement [Line Items]  
Unused tax losses for which no deferred tax asset recognised 266,149
2034 [Member] | Other [Member]  
Statement [Line Items]  
Deductible temporary differences for which no deferred tax asset is recognised 0
2034 [Member] | Canadian federal investment tax credit losses [Member]  
Statement [Line Items]  
Unused tax credits for which no deferred tax asset recognised 0
2035 [Member] | Canadian resource pools [Member]  
Statement [Line Items]  
Deductible temporary differences for which no deferred tax asset is recognised 0
2035 [Member] | Non-capital losses [Member]  
Statement [Line Items]  
Unused tax losses for which no deferred tax asset recognised 173,814
2035 [Member] | Other [Member]  
Statement [Line Items]  
Deductible temporary differences for which no deferred tax asset is recognised 0
2035 [Member] | Canadian federal investment tax credit losses [Member]  
Statement [Line Items]  
Unused tax credits for which no deferred tax asset recognised 0
2036 [Member] | Canadian resource pools [Member]  
Statement [Line Items]  
Deductible temporary differences for which no deferred tax asset is recognised 0
2036 [Member] | Non-capital losses [Member]  
Statement [Line Items]  
Unused tax losses for which no deferred tax asset recognised 152,243
2036 [Member] | Other [Member]  
Statement [Line Items]  
Deductible temporary differences for which no deferred tax asset is recognised 0
2036 [Member] | Canadian federal investment tax credit losses [Member]  
Statement [Line Items]  
Unused tax credits for which no deferred tax asset recognised 0
No expiry [Member] | Canadian resource pools [Member]  
Statement [Line Items]  
Deductible temporary differences for which no deferred tax asset is recognised 14,633,140
No expiry [Member] | Non-capital losses [Member]  
Statement [Line Items]  
Unused tax losses for which no deferred tax asset recognised 0
No expiry [Member] | Other [Member]  
Statement [Line Items]  
Deductible temporary differences for which no deferred tax asset is recognised 335,907
No expiry [Member] | Canadian federal investment tax credit losses [Member]  
Statement [Line Items]  
Unused tax credits for which no deferred tax asset recognised 0
2037 [Member] | Canadian resource pools [Member]  
Statement [Line Items]  
Deductible temporary differences for which no deferred tax asset is recognised 0
2037 [Member] | Non-capital losses [Member]  
Statement [Line Items]  
Unused tax losses for which no deferred tax asset recognised 320,131
2037 [Member] | Other [Member]  
Statement [Line Items]  
Deductible temporary differences for which no deferred tax asset is recognised 0
2037 [Member] | Canadian federal investment tax credit losses [Member]  
Statement [Line Items]  
Unused tax credits for which no deferred tax asset recognised $ 0
XML 56 R49.htm IDEA: XBRL DOCUMENT v3.8.0.1
Disclosure of number and weighted average exercise prices of share options (Details)
12 Months Ended
Dec. 31, 2017
CAD ($)
Dec. 31, 2016
CAD ($)
Statement [Line Items]    
Number of share options outstanding in share-based payment arrangement at beginning of period 1,640,000 234,700
Weighted average exercise price of share options outstanding in share-based payment arrangement at beginning of period $ 0.19 $ 2.16
Number of share options granted in share-based payment arrangement 1,150,000 1,475,000
Weighted average exercise price of share options granted in share-based payment arrangement $ 0.50 $ 0.10
Number of share options exercised in share-based payment arrangement (125,000) 0
Weighted average exercise price of share options exercised in share-based payment arrangement $ 0.10 $ 0
Number of share options expired in share-based payment arrangement (2,500) (69,700)
Weighted average exercise price of share options expired in share-based payment arrangement $ 1.00 $ 4.88
Number of share options outstanding in share-based payment arrangement at end of period 2,662,500 1,640,000
Weighted average exercise price of share options outstanding in share-based payment arrangement at end of period $ 0.33 $ 0.19
Number of share options exercisable in share-based payment arrangement 2,602,500 902,500
Weighted average exercise price of share options exercisable in share-based payment arrangement $ 0.32 $ 0.26
XML 57 R50.htm IDEA: XBRL DOCUMENT v3.8.0.1
Disclosure of number and weighted average remaining contractual life of outstanding share options (Details)
Dec. 31, 2017
CAD ($)
yr
Dec. 31, 2016
CAD ($)
Dec. 31, 2015
CAD ($)
Statement [Line Items]      
Weighted average exercise price | $ $ 0.33 $ 0.19 $ 2.16
Weighted average contractual life (years) | yr 3.50    
Number of options outstanding 2,662,500 1,640,000 234,700
Range 1 [Member]      
Statement [Line Items]      
Weighted average exercise price | $ $ 1.00    
Weighted average contractual life (years) | yr 0.01    
Number of options outstanding 162,500    
Range 2 [Member]      
Statement [Line Items]      
Weighted average exercise price | $ $ 0.10    
Weighted average contractual life (years) | yr 3.50    
Number of options outstanding 1,350,000    
Range 3 [Member]      
Statement [Line Items]      
Weighted average exercise price | $ $ 0.22    
Weighted average contractual life (years) | yr 4.70    
Number of options outstanding 100,000    
Range 4 [Member]      
Statement [Line Items]      
Weighted average exercise price | $ $ 0.40    
Weighted average contractual life (years) | yr 4.76    
Number of options outstanding 550,000    
Range 5 [Member]      
Statement [Line Items]      
Weighted average exercise price | $ $ 0.60    
Weighted average contractual life (years) | yr 4.81    
Number of options outstanding 325,000    
Range 6 [Member]      
Statement [Line Items]      
Weighted average exercise price | $ $ 0.80    
Weighted average contractual life (years) | yr 4.87    
Number of options outstanding 175,000    
XML 58 R51.htm IDEA: XBRL DOCUMENT v3.8.0.1
Disclosure of detailed information about options, valuation assumptions (Details)
12 Months Ended
Dec. 31, 2017
CAD ($)
yr
Dec. 31, 2016
CAD ($)
yr
Statement [Line Items]    
Share price $ 0.44 $ 0.06
Exercise price $ 0.50 $ 0.10
Expected life of options (years) | yr 5 5
Annualized volatility 100.00% 102.00%
Risk-free interest rate 1.60% 0.62%
Dividend rate 0.00% 0.00%
XML 59 R52.htm IDEA: XBRL DOCUMENT v3.8.0.1
Disclosure of detailed information about warrants, activity (Details)
1 Months Ended 12 Months Ended
Dec. 27, 2017
CAD ($)
Dec. 20, 2017
CAD ($)
Oct. 24, 2017
CAD ($)
Apr. 30, 2016
CAD ($)
Mar. 31, 2016
CAD ($)
Dec. 31, 2017
CAD ($)
Dec. 31, 2016
CAD ($)
Statement [Line Items]              
Number of warrants outstanding in share-based payment arrangement           13,444,147 1,052,680
Weighted average exercise price of warrants outstanding in share-based payment arrangement           $ 0.10 $ 0.24
Number of warrants granted in share-based payment arrangement           13,809,600 12,600,800
Weighted average exercise price of warrants granted in share-based payment arrangement $ 0.70 $ 0.70 $ 0.45 $ 0.10 $ 0.10 $ 0.25 $ 0.10
Number of warrants exercised in share-based payment arrangement           (855,000) 0
Weighted average exercise price of warrants exercised in share-based payment arrangement           $ 0.06 $ 0
Number of warrants expired in share-based payment arrangement           (944,147) (209,333)
Weighted average exercise price of warrants expired in share-based payment arrangement           $ 0.10 $ 0.80
Number of warrants outstanding in share-based payment arrangement           25,454,600 13,444,147
Weighted average exercise price of warrants outstanding in share-based payment arrangement           $ 0.18 $ 0.10
XML 60 R53.htm IDEA: XBRL DOCUMENT v3.8.0.1
Disclosure of detailed information about warrants outstanding (Details)
Dec. 31, 2017
CAD ($)
Dec. 31, 2016
CAD ($)
Dec. 31, 2015
CAD ($)
Statement [Line Items]      
Weighted average exercise price $ 0.18 $ 0.10 $ 0.24
Weighted average contractual life 2.95    
Number of warrants outstanding 25,454,600 13,444,147 1,052,680
Range 1 [Member]      
Statement [Line Items]      
Weighted average exercise price $ 0.35    
Weighted average contractual life 0.81    
Number of warrants outstanding 396,000    
Range 2 [Member]      
Statement [Line Items]      
Weighted average exercise price $ 0.70    
Weighted average contractual life 0.98    
Number of warrants outstanding 173,600    
Range 3 [Member]      
Statement [Line Items]      
Weighted average exercise price $ 0.07    
Weighted average contractual life 2.67    
Number of warrants outstanding 7,583,333    
Range 4 [Member]      
Statement [Line Items]      
Weighted average exercise price $ 0.45    
Weighted average contractual life 2.82    
Number of warrants outstanding 3,375,000    
Range 5 [Member]      
Statement [Line Items]      
Weighted average exercise price $ 0.70    
Weighted average contractual life 2.98    
Number of warrants outstanding 1,531,667    
Range 6 [Member]      
Statement [Line Items]      
Weighted average exercise price $ 0.10    
Weighted average contractual life 3.27    
Number of warrants outstanding 12,395,000    
XML 61 R54.htm IDEA: XBRL DOCUMENT v3.8.0.1
Disclosure of information about key management personnel (Details) - CAD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Statement [Line Items]    
Consulting fees (include in office and general) $ 2,500 $ 8,000
Interest expense 551 0
Management fees 53,600 18,000
Key management personnel compensation, stock-based compensation 41,163 28,312
Key management personnel compensation $ 97,814 $ 54,312
XML 62 R55.htm IDEA: XBRL DOCUMENT v3.8.0.1
Disclosure of maturity analysis for derivative financial liabilities (Details) - CAD ($)
Dec. 31, 2017
Dec. 31, 2016
Statement [Line Items]    
Trade payables and accrued liabilities $ 144,982 $ 14,970
Within one year [Member]    
Statement [Line Items]    
Trade payables and accrued liabilities 144,982  
Between one and five years [Member]    
Statement [Line Items]    
Trade payables and accrued liabilities 0  
More than five years [Member]    
Statement [Line Items]    
Trade payables and accrued liabilities $ 0  
XML 63 R56.htm IDEA: XBRL DOCUMENT v3.8.0.1
Disclosure of financial assets (Details) - CAD ($)
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Statement [Line Items]      
Cash and cash equivalents $ 4,066,588 $ 85,758 $ 11,964
Reclamation deposits 187,900 187,900  
Financial assets $ 4,254,488 $ 273,658  
XML 64 R57.htm IDEA: XBRL DOCUMENT v3.8.0.1
Disclosure of financial liabilities (Details) - CAD ($)
Dec. 31, 2017
Dec. 31, 2016
Statement [Line Items]    
Trade payables and accrued liabilities $ 144,982 $ 14,970
XML 65 R58.htm IDEA: XBRL DOCUMENT v3.8.0.1
Disclosure of fair value measurement of assets (Details) - CAD ($)
Dec. 31, 2017
Dec. 31, 2016
Statement [Line Items]    
Cash $ 1,555,088 $ 85,758
Level 1 [Member]    
Statement [Line Items]    
Cash 4,066,588 85,758
Level 2 [Member]    
Statement [Line Items]    
Cash 0 0
Level 3 [Member]    
Statement [Line Items]    
Cash $ 0 $ 0
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