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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
PIK Note Derivative Liability [Member]        
OTHER INCOME (EXPENSE):        
Gain on revaluation of PIK Note derivative $ 1,134,149 $ 5,378,339 $ 2,425,555 $ 6,598,708
REVENUES 975,328 43,293 3,089,422 271,888
Production costs 539,951 0 1,572,795 0
Exploration costs 270,700 977,164 821,814 3,601,812
General and administrative 977,716 1,155,016 3,227,852 3,584,791
Depreciation expense 340,165 326,931 1,014,585 979,836
Total Operating Expenses 2,128,532 2,459,111 6,637,046 8,166,439
Operating Loss (1,153,204) (2,415,818) (3,547,624) (7,894,551)
Interest expense, net, including amortization of deferred financing cost and debt discount (1,792,412) (1,169,425) (4,521,672) (3,290,647)
Other income (expense) 1,042 (140) 106,021 (543,895)
Total Other Income (Expense) (657,221) 4,208,774 (1,990,096) 2,764,166
Net (Loss) Income $ (1,810,425) $ 1,792,956 $ (5,537,720) $ (5,130,385)
Net (Loss) Income Per Share (Basic and Diluted) (in dollars per share) $ (0.02) $ 0.02 $ (0.05) $ (0.05)
Weighted Average Shares Outstanding (Basic and Diluted) (in shares) 108,482,042 96,482,321 101,231,559 95,795,668