2.4.0.8107 - Disclosure - Related Party Transactionstruefalsefalse1false falsefalsefrom-2013-01-01-to-2013-06-30.771.0.0.0.0.0.0.0http://www.sec.gov/CIK0001037049duration2013-01-01T00:00:002013-06-30T00:00:001true 1us-gaap_RelatedPartyTransactionsAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse0Related Party Transactions [Abstract]2false 2us-gaap_RelatedPartyTransactionsDisclosureTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalseterseLabel1falsefalsefalse00<div> <div> <table style="MARGIN-BOTTOM: 0pt; FONT: bold 10pt Times New Roman, Times, Serif; MARGIN-TOP: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> </td> <td style="WIDTH: 0.5in">7.</td> <td style="TEXT-ALIGN: justify">Related Party Transactions</td> </tr> </table> <p style="TEXT-ALIGN: justify; FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px">  </p> <p style="TEXT-ALIGN: justify; FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px"> Related party transactions not disclosed elsewhere in these interim consolidated financial statements include:</p> <p style="TEXT-ALIGN: justify; FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px 0pt 0.5in; BACKGROUND-COLOR: white; TEXT-INDENT: -0.25in">  </p> <table style="MARGIN-BOTTOM: 0pt; FONT: 10pt Times New Roman, Times, Serif; MARGIN-TOP: 0pt; BACKGROUND-COLOR: white" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"> </td> <td style="WIDTH: 0.25in">a)</td> <td style="TEXT-ALIGN: justify">During the six months ended June 30, 2013 consulting fees of $317,000 (June 30, 2012: $202,023) were incurred to directors and officers (or companies of the officers and directors) of the Company. The transactions were recorded at the exchange amount, being the value established and agreed to by the related parties.</td> </tr> </table> <p style="FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px 0pt 0.5in; BACKGROUND-COLOR: white; TEXT-INDENT: -0.25in">  </p> <table style="MARGIN-BOTTOM: 0pt; FONT: 10pt Times New Roman, Times, Serif; MARGIN-TOP: 0pt; BACKGROUND-COLOR: white" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"> </td> <td style="WIDTH: 0.25in">b)</td> <td>Coresco (a company that the CEO and CFO are affiliated with) also charged for geophysical consulting activities and other exploration management fees for a total of $63,000 during the six months ended June 30, 2013 (June 30, 2012: $nil)</td> </tr> </table> <p style="TEXT-ALIGN: justify; FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px 0pt 0.5in; BACKGROUND-COLOR: white; TEXT-INDENT: -0.25in">  </p> <table style="MARGIN-BOTTOM: 0pt; FONT: 10pt Times New Roman, Times, Serif; MARGIN-TOP: 0pt; BACKGROUND-COLOR: white" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"> </td> <td style="WIDTH: 0.25in">c)</td> <td style="TEXT-ALIGN: justify">Included in accounts payable and accrued expenses and advances payable (related parties) as at June 30, 2013 and December 31, 2012 were $148,049 and $158,220 respectively payable to officers and directors of the Company for consulting fees and various expenses incurred on behalf of the Company.</td> </tr> </table> </div> </div>falsefalsefalsenonnum:textBlockItemTypenaThe entire disclosure for related party transactions. 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