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CONSOLIDATED STATEMENTS OF CASH FLOWS
12 Months Ended
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Dec. 31, 2013
USD ($)
CASH PROVIDED BY (USED IN):      
Net loss $ (180,846) $ (1,162,625) $ (20,106,911)
Adjustments required to reconcile net loss with net cash used in operating activities      
Impairment of mineral properties 0 0 17,448,198
Depreciation 50,450 46,981 93,039
(Gain)/loss on common share purchase warrants (755,862) (105,739) 0
Loss on sale of capital assets 0 0 (42,292)
Loss from discontinued operation 0 12,621 0
Stock based compensation 28,600 64,171 190,292
Changes in non-cash working capital balances      
Prepaids and advances 7,311 51,677 140,541
Due from related parties (23,935) (25,230) 0
Accounts payable 96,667 (329,490) 166,981
Accrued liabilities (88,529) (12,487) 123,793
Cash used in operating activities (866,144) (1,460,121) (1,986,359)
Financing activities      
Due to related parties (48,813) (180,634) 243,394
Proceeds from private placement 749,430 1,101,926 0
Cash provided by financing activities 700,617 921,292 243,394
Investing activities      
Proceeds from sale of discontinued operations 0 800,000 0
Purchase of capital assets 0 (1,631) 0
Proceeds from disposal of capital assets 0 0 84,163
Return of a certificate of deposit 0 10,000 0
Cash provided by investing activities 0 808,369 84,163
Net increase/(decrease) in cash (165,527) 269,540 (1,658,802)
Cash, beginning of the year 294,592 30,709 1,689,511
Less: cash from discontinued operations 0 (5,657) (2,799)
Cash, end of the year $ 129,065 $ 294,592 $ 27,910