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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Warrant Derivative Liability [Member]        
OTHER INCOME (EXPENSE):        
Gain on revaluation of warrant derivative   $ 114,000   $ 814,000
PIK Note Derivative Liability [Member]        
OTHER INCOME (EXPENSE):        
Gain on revaluation of warrant derivative $ 5,378,339 11,813 $ 6,598,708 1,764,938
REVENUES 43,293 55,681 271,888 114,688
Production costs 665 17,455 6,835 42,771
Exploration costs 976,499 1,174,208 3,594,977 3,628,943
General and administrative 1,155,016 1,082,550 3,584,791 3,680,285
Depreciation expense 326,931 170,759 979,836 416,338
Total Operating Expenses 2,459,111 2,444,972 8,166,439 7,768,337
Operating Loss (2,415,818) (2,389,291) (7,894,551) (7,653,649)
Interest expense, net, including amortization of deferred financing cost and debt discount (1,169,425) (314,268) (3,290,647) (918,631)
Gain on revaluation of stock awards 0 0 0 110,000
Other income (expense) (140) 996 (543,895) (86,337)
Total Other Income (Expense) 4,208,774 (187,459) 2,764,166 1,683,970
Net income (loss) $ 1,792,956 $ (2,576,750) $ (5,130,385) $ (5,969,679)
Net Income (Loss) Per Share (Basic and Diluted) (in dollars per share) $ 0.02 $ (0.03) $ (0.05) $ (0.06)
Weighted Average Shares Outstanding (Basic and Diluted) (in shares) 96,482,321 94,985,716 95,795,668 94,847,462