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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Costs and expenses:    
General and administrative $ 2,831,258 $ 3,290,150
Exploration expenses 1,425,592 964,393
Depreciation 77,038 68,284
Gain on sale of partial interest on sale of concession (239,515) (2,724,793)
Total costs and expenses 4,094,373 1,598,034
Other income and (expenses):    
Interest income 2,062 4,829
Gain (loss) on change in fair value of derivatives (105,951) 136,811
Day 1 Loss on embedded derivative (1,024,292) (392,220)
Gain on insurance recovery for loss on deposit 1,046,862 0
Interest expense (2,455,711) (131,979)
Total other income and (expense) (2,537,030) (382,559)
Loss before benefit (provision) for income taxes (6,631,403) (1,980,593)
Benefit (provision) for income taxes:    
Current 0 0
Deferred 0 0
Total benefit (provision) for income taxes 0 0
Net loss $ (6,631,403) $ (1,980,593)
Net loss per common share - basic and diluted (in dollars per share) $ (0.38) $ (0.26)
Weighted average number of common shares outstanding - basic and diluted (in shares) 17,276,986 7,649,532