Infrastructure Materials (IFAM) 10-Q 12 Nov 14 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Sep. 30, 2014	Oct. 31, 2014
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Sep-14	'
Trading Symbol	'ifam	'
Entity Registrant Name	'INFRASTRUCTURE MATERIALS CORP.	'
Entity Central Index Key	'0001383859	'
Current Fiscal Year End Date	'--06-30	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	138,304,619
Entity Current Reporting Status	'Yes	'
Entity Voluntary Filers	'No	'
Entity Well Known Seasoned Issuer	'No	'
Document Fiscal Year Focus	'2015	'
Document Fiscal Period Focus	'Q1	'

Interim_Consolidated_Balance_S

Interim Consolidated Balance Sheets (USD $)	Sep. 30, 2014	Jun. 30, 2014
Current	'	'
Cash and cash equivalents	$210,421	$162,847
Marketable securities	57,128	44,325
Prepaid expenses and other receivables	58,143	15,109
Total Current Assets	325,692	222,281
Restricted Cash	61,000	61,000
Reclamation Deposit	21,600	21,600
Plant and Equipment, net	491,463	517,309
Total Assets	899,755	822,190
Current	'	'
Accounts payable	28,820	1,056
Accrued liabilities	39,613	63,860
Notes Payable	171,172	0
Total Current Liabilities	239,605	64,916
Deferred Revenue	429,639	346,836
Asset Retirement Obligation	20,127	19,636
Total Liabilities	689,371	431,388
Capital Stock	'	'
Preferred stock, $0.0001 par value, 50,000,000 shares authorized, none issued and outstanding	0	0
Common stock, $0.0001 par value, 500,000,000 shares authorized, 138,304,619 issued and outstanding (June 30, 2014 - 138,304,619)	13,830	13,830
Additional Paid in Capital	24,743,631	24,743,631
Deficit	-24,547,077	-24,366,659
Total Stockholders' Equity	210,384	390,802
Total Liabilities and Stockholders' Equity	$899,755	$822,190

Interim_Consolidated_Balance_S1

Interim Consolidated Balance Sheets (Parenthetical) (USD $)	Sep. 30, 2014	Jun. 30, 2014
Preferred Stock, Par Value Per Share	$0.00	$0.00
Preferred Stock, Shares Authorized	50,000,000	50,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par Value Per Share	$0.00	$0.00
Common Stock, Shares Authorized	500,000,000	500,000,000
Common Stock, Shares, Issued	138,304,619	138,304,619
Common Stock, Shares, Outstanding	138,304,619	138,304,619

Interim_Consolidated_Statement

Interim Consolidated Statements of Operations and Comprehensive Loss (USD $)	3 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Operating Expenses	'	'
General and administration	$99,602	$127,871
Project expenses	60,937	242,965
Depreciation	18,707	22,533
Total Operating Expenses	179,246	393,369
Loss from Operations	-179,246	-393,369
Other income-interest	0	40
Interest Expense	-1,172	-2,628
Loss before Income Taxes	-180,418	-395,957
Provision for income taxes	0	0
Net Loss	($180,418)	($395,957)
Loss per Weighted Average Number of Shares Outstanding -Basic and Fully Diluted	($0.00)	($0.00)
Weighted Average Number of Shares Outstanding During the Periods -Basic and Fully Diluted	138,304,619	111,254,326

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (USD $)	3 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Net Loss	($180,418)	($395,957)
Other comprehensive loss:	'	'
Unrealized gain (loss) on marketable securities	0	-20,179
Comprehensive Loss	($180,418)	($416,136)

Interim_Consolidated_Statement1

Interim Consolidated Statements of Changes in Stockholders Equity (USD $)	Common Stock [Member]	Additional Paid-in Capital [Member]	Deficit [Member]	Accumulated Other Comprehensive Loss [Member]	Total
Beginning Balance at Jun. 30, 2013	$9,894	$23,977,767	($23,335,415)	($105,043)	$547,203
Beginning Balance (Shares) at Jun. 30, 2013	98,935,486	'	'	'	'
Common shares issued for cash (net)	3,333	462,010	'	'	465,343
Common shares issued for cash net (Share)	33,333,333	'	'	'	'
Common shares issued on conversion of debt	603	210,650	'	'	211,253
Common shares issued on conversion of debt (Shares)	6,035,800	'	'	'	'
Gain on common shares issued on conversion of related party debt	'	81,747	'	'	81,747
Stock based compensation	'	11,457	'	'	11,457
Unrealized loss on marketable securities	'	'	0	'	0
Other-than-temporary impairment of marketable securities reclassified to net loss	'	'	'	105,043	105,043
Net Loss	'	'	-1,031,244	'	-1,031,244
Ending Balance at Jun. 30, 2014	13,830	24,743,631	-24,366,659	'	390,802
Ending Balance (Shares) at Jun. 30, 2014	138,304,619	'	'	'	'
Stock based compensation	'	'	'	'	0
Net Loss	'	'	-180,418	'	-180,418
Ending Balance at Sep. 30, 2014	$13,830	$24,743,631	($24,547,077)	'	$210,384
Ending Balance (Shares) at Sep. 30, 2014	138,304,619	'	'	'	'

Interim_Consolidated_Statement2

Interim Consolidated Statements of Cash Flows (USD $)	3 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Cash Flows from Operating Activities	'	'
Net loss	($180,418)	($395,957)
Adjustment for:	'	'
Depreciation	18,707	22,533
Gain on disposal of plant and equipment	-3,761	0
Stock based compensation	0	5,319
Accretion of Asset Retirement Obligation	491	679
Interest accrued on promissory note	1,172	2,628
Changes in non-cash working capital	'	'
Prepaid expenses and other receivables	-43,034	-46,907
Accounts payable	27,764	47,717
Accrued liabilities	-24,247	-31,176
Net cash used in operating activities	-203,326	-395,164
Cash Flows from Investing Activities	'	'
Cash received for option on claims and included in Deferred revenue net	70,000	70,000
Proceeds from sale of plant and equipment	10,900	0
Net cash provided by investing activities	80,900	70,000
Cash Flows from Financing Activities	'	'
Issuance of common shares for cash (net)	0	465,343
Issuance of promissory notes	170,000	0
Issuance of promissory notes later converted to common shares	0	150,000
Net cash provided by financing activities	170,000	615,343
Net Change in Cash	47,574	290,179
Cash beginning of period	162,847	106,847
Cash end of period	210,421	397,026
Supplemental Cash Flow Information	'	'
Interest Paid	0	0
Income taxes paid	$0	$0

Basis_of_Presentation

Basis of Presentation	3 Months Ended
	Sep. 30, 2014
Basis of Presentation [Text Block]	'
	1	Basis of Presentation
	The accompanying unaudited condensed consolidated financial statements of Infrastructure Materials Corp. (the “Company”), have been prepared in accordance with the instructions to Form 10-Q and therefore do not include all information and footnotes necessary for a fair presentation of financial position, results of operations and cash flows in conformity with U.S. generally accepted accounting principles (“GAAP”); however, such information reflects all adjustments that are, in the opinion of management, necessary for a fair statement of the results for the interim periods. The condensed consolidated financial statements should be read in conjunction with the Consolidated Financial Statements and Notes thereto together with Management’s Discussion and Analysis of Financial Condition and Results of Operations contained in the Company’s Annual Report on Form 10-K for the year ended June 30, 2014. In the opinion of management, the accompanying condensed consolidated financial statements reflect all adjustments of a normal recurring nature considered necessary to fairly state the financial position of the Company at September 30, 2014 and June 30, 2014, the results of its operations for the three-month periods ended September 30, 2014 and September 30, 2013, and its cash flows for the three-month periods ended September 30, 2014 and September 30, 2013. In addition, some of the Company’s statements in this Quarterly Report on Form 10-Q may be considered forward-looking and involve risks and uncertainties that could significantly impact expected results. The results of operations for the three-month period ended September 30, 2014 are not necessarily indicative of results to be expected for the full year.
	The condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries, Infrastructure Materials Corp US (“IMC US”), Silver Reserve Corp. (“SRC”) and Canadian Infrastructure Corp. All material inter-company accounts and transactions have been eliminated.
	Recently Adopted Accounting Standards
	In February 2013, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) 2013-04, Liabilities (Topic 405): Obligations Resulting from Joint and Several Liability Arrangements for which the Total Amount of the Obligation Is Fixed at the Reporting Date (“ASU 2013-04”). ASU 2013-04 addresses the recognition, measurement, and disclosure of certain obligations resulting from joint and several arrangements including debt arrangements, other contractual obligations, and settled litigation and judicial rulings. This ASU is effective for public entities for fiscal years, and interim periods within those years, beginning after December 15, 2013. The adoption of ASU 2013-04 did not have a material impact on the financial statements of the Company.
	In March 2013, the FASB issued ASU 2013-05, Foreign Currency Matters (Topic 830): Parent's Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity (“ASU 2013-05”). ASU 2013-05 addresses the accounting for the cumulative translation adjustment when a parent either sells a part or all of its investment in a foreign entity or no longer holds a controlling financial interest in a subsidiary or group of assets that is a nonprofit activity or a business within a foreign entity. The guidance outlines the events when cumulative translation adjustments should be released into net income and is intended by FASB to eliminate some disparity in current accounting practice. This ASU is effective prospectively for fiscal years, and interim periods within those years, beginning after December 15, 2013. The adoption of ASU 2013-05 did not have a material impact on the financial statements of the Company.
	In July 2013, the FASB issued ASU 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists (“ASU 2013-11”), whereby it amended its guidance related to the presentation of unrecognized tax benefits. The standard provides that an unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, except as follows. To the extent a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. This guidance is effective for annual reporting periods beginning on or after December 15, 2013, and interim periods within those annual periods. The guidance is to be applied prospectively to all unrecognized tax benefits that exist at the effective date. The adoption of ASU 2013-11 did not have a material impact on the financial statements of the Company.
	In June 2014, the FASB issued ASU 2014-10, “Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements” (“ASU 2014-10”), which eliminates the distinction of a development stage entity and certain related disclosure requirements, including the elimination of inception-to-date information on the statements of operations, cash flows and changes in stockholders’ equity. The amendments in ASU 2014-10 are effective prospectively for annual reporting periods beginning after December 15, 2014, and interim periods within those annual periods; however early adoption is permitted. The Company evaluated and adopted ASU 2014-10 early for the current period presented.
	Recently Issued Accounting Standards
	In August 2012, the FASB issued ASU 2012-03, Technical Amendments and Corrections to SEC Sections: Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin (SAB) No. 114, Technical Amendments Pursuant to SEC Release No. 33-9250, and Corrections Related to FASB Accounting Standards Update 2010-22 (SEC Update) (“ASU 2012-03”). This update amends various SEC paragraphs pursuant to the issuance of SAB No. 114. The adoption of ASU 2012-03 is not expected to have a significant impact on our financial position or results of operations.
	In April 2014, the FASB issued ASU 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity (“ASU 2014-08”) , which includes amendments that change the requirements for reporting discontinued operations and require additional disclosures about discontinued operations. Under the new guidance, only disposals representing a strategic shift in operations should be presented as discontinued operations. Those strategic shifts should have a major effect on the organization’s operations and financial results. Additionally, ASU 2014-08 requires expanded disclosures about discontinued operations that will provide financial statement users with more information about the assets, liabilities, income, and expenses of discontinued operations. The new standard is effective for the Company on July 1, 2015. Early application is permitted. The Company is evaluating the effect that ASU 2014-08 will have on its consolidated financial statements and related disclosures.
	In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09”), which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. ASU 2014-09 will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The new standard is effective for the Company on July 1, 2017. Early application is not permitted. The standard permits the use of either the retrospective or cumulative effect transition method. The Company is evaluating the effect that ASU 2014-09 will have on its consolidated financial statements and related disclosures.
	In August 2014, the FASB issued ASU 2014-15 Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (“ASU 2014-15”), which provides guidance on determining when and how to disclose going-concern uncertainties in the financial statements. The new standard requires management to perform interim and annual assessments of an entity’s ability to continue as a going concern within one year after the date the financial statements are issued. An entity must provide certain disclosures if “conditions or events raise substantial doubt about the entity’s ability to continue as a going concern.” ASU 2014-15 applies to all entities and is effective for annual periods ending after December 15, 2016, and interim periods thereafter, with early adoption permitted. The Company is currently assessing the impact of this guidance.
	Management does not believe that any other recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on the accompanying financial statements.

Nature_of_Business_and_Operati

Nature of Business and Operations	3 Months Ended
	Sep. 30, 2014
Nature of Business and Operations [Text Block]	'
	2	Nature of Business and Operations
	The Company’s focus is on the exploration and development, if feasible, of limestone and precious metals from its claims in the State of Nevada.
	The Company is primarily engaged in the acquisition and exploration of mineral properties. Mineral property acquisition costs are initially capitalized in accordance with ASC 805-20-55-37, previously referenced as the FASB Emerging Issues Task Force ("EITF") Issue 04-2. The Company assesses the carrying costs for impairment under ASC 360 and evaluates its carrying value under ASC 930 at each fiscal quarter end. When it has been determined that a mineral property can be economically developed as a result of establishing proven and probable reserves, the costs incurred to develop such property will be capitalized.
	To date, mineral property exploration costs have been expensed as incurred. To date, the Company has not established any proven or probable reserves on its mineral properties.
	The Company’s limestone assets are held by its wholly owned subsidiary, Infrastructure Materials Corp US (“IMC US”), a Nevada corporation that was acquired as of November 2008. As of the date of the financial statements, IMC US controls 2 limestone projects in Nevada, made up of 68 mineral claims covering approximately 1,405 acres on land owned or controlled by the United States Department of Interior Bureau of Land Management (the “BLM”). IMC US has also acquired 50% of the mineral rights on 680 acres and 25% of the mineral rights on 160 acres.
	On December 18, 2008, the Company incorporated a second wholly owned subsidiary in the State of Delaware under its former name, “Silver Reserve Corp.” (“SRC”). The Company assigned all fourteen of its silver/base metal projects in Nevada to SRC. SRC has since terminated its interests in four of the projects. As of the date of the financial statements, the remaining ten projects contain 273 mineral claims covering approximately 5,599 acres on BLM land and 17 patented claims and 3 leased patented claims covering approximately 365 acres. SRC also has a milling facility located in Mina, Nevada on six BLM mill site claims covering 30 acres.
	The Company has not yet determined that any of its claims, mineral rights, mineral exploration permits or quarry leases can be economically developed and has expensed related costs to project expense. The Company’s assessment of the claims, mineral exploration permits, mineral rights and quarry leases may change after further exploration.

Going_Concern

Going Concern	3 Months Ended
	Sep. 30, 2014
Going Concern [Text Block]	'
	3	Going Concern
	The Company's financial statements have been prepared in accordance with GAAP and are presented on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. The financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the possible inability of the Company to continue as a going concern.
	The Company’s activities are subject to a number of risks and uncertainties. The Company has had a history of net losses and must continue to seek financing, either through debt or equity, not only to finance its operating expenses, but to continue its exploration activities and its assessments of the commercial viability of its claims. There can be no assurance that such financing will be available on acceptable terms, if at all, or that the Company will attain profitable levels of operation. In addition, strategic acquisitions, if any, could have a dilutive effect on investment. Failure to make accretive acquisitions and successfully integrate them could adversely affect the Company’s future financial results. Because the Company is small and has few financial and other resources, the Company may not be able to succeed in the very competitive industry in which it is engaged.
	The Company has incurred a cumulative loss of $24,547,077 from inception to September 30, 2014. The Company has no source of operating revenue and expects to incur significant expenses before establishing operating revenue. Due to continuing operating losses and cash outflows from continuing operations, the Company’s continuation as a going concern is dependent upon its ability to obtain adequate financing and to reach profitable levels of operation. In the event that the Company is unable to raise additional capital, as to which there is no assurance, the Company will not be able to continue doing business. Historically, the Company has funded operations through the issuance of capital stock, convertible debentures and redeemable preferred stock. Prior to December 2011, the Company received net proceeds of $12,718,365 pursuant to the issuance of such securities. In December 2011, the Company completed a public offering in Canada of shares of its common stock (“Common Shares”) for net proceeds of $2,215,399. In August 2013, the Company completed a private placement of its Common Shares for net proceeds of $465,343. In April 2013 and July 2013, the Company borrowed $140,000 and $150,000, respectively, issuing promissory notes that were converted to Common Shares in October 2013. In July 2014 and August 2014, the Company borrowed $70,000 and $100,000, respectively, issuing promissory notes that are payable on demand. Management's plan is to continue raising additional funds through future equity or debt financing until it achieves profitable operations from production of minerals or metals on its properties, if feasible.

Fair_Value_of_Financial_Instru

Fair Value of Financial Instruments	3 Months Ended
	Sep. 30, 2014
Fair Value of Financial Instruments [Text Block]	'
	4	Fair Value of Financial Instruments
	The fair values of financial assets measured at the balance sheet date of September 30, 2014 were as follows:
				Quoted prices
				in active	Significant
				markets for	observable	Unobservable
			Carrying	identical assets	inputs	inputs
		Balance sheet	Amount	(Level 1)	(Level 2)	(Level 3)
		classification and nature	$	$	$	$
		Assets
		Cash and cash equivalents	210,421	210,421
		Marketable securities	57,128	57,128
		Restricted Cash	61,000	61,000
	The fair values of financial assets measured at the balance sheet date of June 30, 2014 were as follows:
				Quoted prices
				in active	Significant
				markets for	observable	Unobservable
			Carrying	identical assets	inputs	inputs
		Balance sheet	Amount	(Level 1)	(Level 2)	(Level 3)
		classification and nature	$	$	$	$
		Assets
		Cash and cash equivalents	162,847	162,847
		Marketable securities	44,325	44,325
		Restricted Cash	61,000	61,000

Restricted_Cash

Restricted Cash	3 Months Ended
	Sep. 30, 2014
Restricted Cash [Text Block]	'
	5	Restricted Cash
	Amounts reflected as Restricted Cash represent either cash held as collateral or certificates of deposits pledged toward reclamation liabilities assessed by the BLM. Periodically, the BLM may require the Company to pledge additional cash as collateral or the Company may be allowed to remove restrictions on this cash by completing its reclamation obligations, as the case may be.

Reclamation_Deposit

Reclamation Deposit	3 Months Ended
	Sep. 30, 2014
Reclamation Deposit [Text Block]	'
	6	Reclamation Deposit
	In July 2010, the Company posted a reclamation bond (the “Reclamation Bond”) of $240,805 pursuant to the Plan of Operations for its Blue Nose limestone project, as required by the BLM to secure remediation costs if the project is abandoned or closed. In December 2013, the Company submitted an application to withdraw its Plan of Operations and to seek a refund from the BLM of a portion of the Reclamation Bond. In January 2014, the application was approved and the Company received $219,205 from the BLM as a partial refund of the Reclamation Bond. The Company must complete certain reclamation work for the $21,600 balance to be released, but may leave the bond in place for future exploration programs, even if such reclamation work is completed.

Plant_and_Equipment_Net

Plant and Equipment, Net	3 Months Ended
	Sep. 30, 2014
Plant and Equipment, Net [Text Block]	'
	7	Plant and Equipment, Net
	Plant and equipment are recorded at cost less accumulated depreciation. Depreciation is provided commencing in the month following acquisition using the following annual rate and method: xxx
	Computer equipment	30%	declining balance method
	Office furniture and fixtures	20%	declining balance method
	Plant and Machinery	15%	declining balance method
	Tools	25%	declining balance method
	Vehicles	20%	declining balance method
	Consumables	50%	declining balance method
	Molds	30%	declining balance method
	Mobile Equipment	20%	declining balance method
	Factory Buildings	5%	declining balance method
				30-Sep-14		30-Jun-14
					Accumulated		Accumulated
				Cost	Depreciation	Cost	Depreciation
				$	$	$	$
		Computer equipment		25,729	18,204	25,729	17,589
		Office, furniture and fixtures		3,623	2,860	3,623	2,816
		Plant and Machinery		1,514,511	1,105,533	1,514,511	1,089,594
		Tools		11,498	8,851	11,498	8,677
		Vehicles		48,280	38,854	76,928	59,747
		Consumables		64,197	63,941	64,197	63,900
		Molds		900	852	900	844
		Mobile Equipment		73,927	61,572	73,927	60,925
		Factory Buildings		74,849	25,384	74,849	24,761
				1,817,514	1,326,051	1,846,162	1,328,853
		Net carrying amount			491,463		517,309
		Depreciation charges			18,707		90,132
	During the three-months ended September 30, 2014, the Company recorded depreciation expense of $18,707. During the twelve months ended June 30, 2014, the Company recorded depreciation expense of $90,132.

Notes_Payable

Notes Payable	3 Months Ended
	Sep. 30, 2014
Notes Payable [Text Block]	'
	8	Notes Payable
	On July 3, 2014, the Company borrowed $70,000 from Mont Strategies Inc. (“Mont Strategies”), a company that is owned and controlled by a member of the Company’s Board of Directors. This loan was made pursuant to a demand promissory note that bears interest at 4 percent ( 4%) per annum and may also be prepaid by the Company at any time without penalty. If the Company fails to make payment within five business days of demand by Mont Strategies, the promissory note will bear interest at ten percent ( 10%) per annum. The Company intends to use the proceeds of the promissory note for working capital. For the three-month period ended September 30, 2014, the Company recorded interest expense of $690 for this promissory note.
	On August 18, 2014, the Company borrowed an additional $100,000 from Mont Strategies. This loan was made pursuant to a demand promissory note that bears interest at 4 percent ( 4%) per annum and may also be prepaid by the Company at any time without penalty. If the Company fails to make payment within five business days of demand by Mont Strategies, the promissory note will bear interest at ten percent ( 10%) per annum. The Company intends to use the proceeds of the promissory note for working capital. For the three-month period ended September 30, 2014, the Company recorded interest expense of $482 for this promissory note.

Deferred_Revenue_and_Marketabl

Deferred Revenue and Marketable Securities	3 Months Ended
	Sep. 30, 2014
Deferred Revenue and Marketable Securities [Text Block]	'
	9	Deferred Revenue and Marketable Securities
	On February 25, 2011, SRC entered into an option and joint venture agreement (the “Option Agreement”) with International Millennium Mining Inc. (“IMMI”), a wholly owned subsidiary of International Millennium Mining Corp. (“IMMC”), to sell an 85% interest in SRC’s NL Extension Project (the “NL Project”) for total consideration of $350,000 cash and 1,925,000 shares of IMMC’s common stock (together, the “Consideration”). The NL Project consists of 18 mineral claims located in Esmeralda County, Nevada, approximately 6 miles southwest of Silver Peak, Nevada on Highway 47. Under the terms of the Option Agreement, the Consideration is payable over a five-year period that ends on September 15, 2015, with IMMI’s interest in the NL Project vesting at the end of such period. Also see Note 13, Commitments and Contingencies.
	As of June 30, 2014, the Company had received Consideration of $346,836, consisting of 1,225,000 shares of IMMC with an initial fair market value of $166,836 that is recorded as Marketable Securities in the Company’s Consolidated Balance Sheets and $180,000 in cash. In September 2014, the Company received additional Consideration of $82,803 consisting of 350,000 shares of IMMC’s common stock with a fair market value of $12,803 and $70,000 in cash. Because IMMI’s interest in the NL Project vests at the end of the five-year period, this Consideration is accounted for in the Consolidated Balance Sheets as Deferred Revenue, a non-current liability. Unrealized gains and losses arising from changes in the market value of the Company’s shares of IMMC’s common stock are accounted for in the Stockholders’ Equity section of the Consolidated Balance Sheets as Accumulated Other Comprehensive Loss. There were no changes in fair market value during the three-month period ended September 30, 2014.
	IMMC common shares are traded in Canada on the TSX Venture Exchange (the “Exchange”). Pursuant to the Exchange’s policies, IMMC’s common shares encountered a trading halt on December 24, 2013, when IMMC announced a proposed change in business/reverse take-over. The trading halt continues to date. The Company recorded an other-than-temporary impairment of $122,511 in the value of these marketable securities that was reclassified to net loss during the year ended June 30, 2014. This loss included $17,468 representing the decline in the market value of securities for the year ended June 30, 2014. No impairment loss or change in market value of securities has been recorded for the three-month period ended September 30, 2014.
	On March 5, 2013, SRC executed a Sale and Purchase Agreement (the “Sale Agreement”) with IMMI to sell to IMMI (1) all of SRC’s interest in the NL Project and (2) all of its interest in the Option Agreement. Pursuant to the terms of the Sale Agreement, upon closing IMMI would pay SRC a purchase price of $425,000 and the Option Agreement would terminate. Also, upon closing of the Sale Agreement, SRC would transfer 100% of its interest in the NL Project to IMMI. The terms of the Sale Agreement provided that all Consideration paid by IMMI under the Option Agreement prior to closing would be retained by the Company. The closing date was scheduled to occur on or about April 30, 2013, and was extended several times. In connection with the closing date extensions, IMMI paid a ten percent ( 10%) non-refundable deposit of $42,500 towards the purchase price, which was also accounted for as Deferred Revenue until such time as the Sale Agreement closed or was cancelled. The terms of the Sale Agreement provided that all Consideration paid by IMMI under the Option Agreement prior to closing would be retained by the Company. On October 4, 2013, SRC, elected to terminate the Sale Agreement after IMMI failed to close the transaction as contemplated. Accordingly, during the year ended June 30, 2014, the non-refundable deposit of $42,500 was forfeited by IMMI and recognized as Other Income in the Company’s Consolidated Statement of Operations. The Option Agreement, as discussed above, remains in effect.
										Accumulated
										Other
				Deferred			Marketable			Comprehensive
				Revenue			Securities			Loss
		Balance as of July 1, 2013	$	307,460		$	49,917		$	(105,043	)
		Consideration received during the year ended June 30, 2014		81,876			11,876
		Other income recognized on termination of Sale Agreement		(42,500	)
		Change in market value of securities for the year ended June 30, 2014					(17,468	)		(17,468	)
		Other-than-temporary impairment of marketable securities reclassified to net loss								122,511
		Balance as of June 30, 2014	$	346,836		$	44,325		$	-
		Consideration received during the period ending September 30, 2014		82,803			12,803
		Balance as of September 30, 2014	$	429,639		$	57,128		$	-

Asset_Retirement_Obligation

Asset Retirement Obligation	3 Months Ended
	Sep. 30, 2014
Asset Retirement Obligation [Text Block]	'
	10	Asset Retirement Obligation
	The Company is required to recognize a liability for its legal obligation to perform reclamation and disturbance monitoring activities once any of its projects are abandoned or closed. Although these activities are conditional upon future events, the Company is required to make a reasonable estimate of the fair value of the liability. Based on the existing level of ground disturbance and monitoring requirements, the discounted asset retirement obligations ("ARO's") were estimated to be $22,455 as of June 30, 2011, assuming payments made over a three-year period. Determination of the undiscounted ARO and the timing of these obligations were based on internal estimates using information currently available and existing regulations.
	At the end of each reporting period, ARO’s are equal to the present value of all estimated future costs required to remediate any ground disturbances that exist as of the end of the period, using discount rates applicable at the time of initial recognition of each component of the liability. A liability for an asset retirement obligation may be incurred over more than one reporting period if the events that create the obligation occur over more than one reporting period. Any incremental liability incurred in a subsequent reporting period shall be considered to be an additional layer of the original liability. Each layer shall be initially measured at fair value. Included in this liability are the costs of reclamation and monitoring and maintenance costs. As of June 30, 2014, the Company revised its estimate of the present value of its asset retirement obligation to $19,636. A discount rate of 10% was determined to be applicable. The Company recorded accretion expense of $491 for the three-month period ended September 30, 2014. The Company’s entire ARO relates to the Company’s Blue Nose project.
	Balance as of June 30, 2014	$	19,636
	Increase in Asset Retirement Obligation		-
	Accretion for the period ending September 30, 2014		491
	Balance as of September 30, 2014	$	20,127

Issuance_of_Common_Shares_and_

Issuance of Common Shares and Warrants	3 Months Ended
	Sep. 30, 2014
Issuance of Common Shares and Warrants [Text Block]	'
	11	Issuance of Common Shares and Warrants
	Common Shares:
	Three-month period ended September 30, 2014
	There were no securities issued during this period.
	Year ended June 30, 2014
	On August 28, 2013, the Company completed a private placement (the “Private Placement”) of 33,333,333 Common Shares at a price of $0.014 (CDN$0.015) per share for gross proceeds of $474,203 (CDN$500,000). The Private Placement was exempt from registration under the Securities Act of 1933, as amended, pursuant to an exemption afforded by Regulation S promulgated thereunder.
	On October 8, 2013, the Company issued 6,035,800 Common Shares as full settlement of a debt conversion transaction (the “Conversion”) with Mont Strategies, a company that is owned and controlled by a member of the Company’s Board of Directors. Under the terms of the Conversion, the Company converted $293,000 of indebtedness owed by the Company to Mont Strategies (a related party) into 6,035,800 Common Shares at a conversion price of $0.0485 (CDN$0.05) per share. The amount allocated to Stockholders’ Equity based on a fair value of US$0.035 per share was $211,253. The balance of $81,747 represents a gain on the debt settlement with a related party that was also allocated to the equity section of the Balance Sheet because the member of the Company’s Board of Directors is also a significant shareholder in the Company. The Conversion was exempt from registration under the Securities Act of 1933, as amended, pursuant to an exemption afforded by Regulation S promulgated thereunder.
	Warrants:
	On December 16, 2011, the Company completed the sale of 26,000,000 Common Shares to the public in Canada at a price of $0.096 (CDN$0.10) per share to raise gross proceeds of $2,507,180 (CDN$2,600,000). PI Financial Corp. (“PI Financial”) acted as lead agent and received, among other compensation, non-transferable Agent's Warrants valued at $14,644 entitling PI Financial to acquire 209,850 Common Shares at a price of $0.096 (CDN$0.10) per share exercisable for 24 months. The fair value of the Agent’s Warrants was determined using the Black-Scholes option pricing model with the following assumptions: risk-free rate of 1.63%, expected dividend yield of 0%, annualized volatility of 142.45% and expected life of two years. These Agent’s Warrants were not granted pursuant to the Company’s stock option plan then in effect. On December 15, 2013, the Agent’s Warrants expired with none having been exercised.

Stock_Based_Compensation

Stock Based Compensation	3 Months Ended
	Sep. 30, 2014
Stock Based Compensation [Text Block]	'
	12	Stock Based Compensation
	In July of 2011, the shareholders of the Company approved an amendment and restatement of the Company’s 2006 Stock Option Plan. This amended and restated stock option plan is referred to herein as the “2011 Amended Plan.” The purpose of the 2011 Amended Plan was to enhance the Company's stockholder value and financial performance by attracting, retaining and motivating the Company's officers, directors, key employees and consultants and to encourage stock ownership by such individuals by providing them with a means to acquire a proprietary interest in the Company's success through stock ownership.
	The material terms of the 2011 Amended Plan include (a) officers, directors, employees and consultants who provide services to the Company may be granted options to acquire Common Shares of the Company at the fair market value of the stock on the date of grant, (b) options may have a term of up to 10 years, (c) the Company may issue options in a number up to a maximum of 10% of the outstanding Common Shares, and (d) outstanding stock options previously granted pursuant to the 2006 Stock Option Plan will remain in effect and be exercisable in accordance with, and be deemed to be issued under, the terms of the 2011 Amended Plan. It was expected that options issued pursuant to the 2011 Amended Plan would not be “qualified” options under the provisions of section 422 of the Internal Revenue Code of 1986, as amended from time to time.
	At the annual meeting of shareholders on July 16, 2013, the shareholders of the Company approved the Company’s 2013 Amended Stock Option Plan (the “Current Stock Option Plan”), which amends and restates in its entirety the 2011 Amended Plan. The Current Stock Option Plan effected minor technical clarifications to the 2011 Amended Plan and did not materially change its terms.
	Three-month period ended September 30, 2014
	No options were granted pursuant to the Current Stock Option Plan during the three-month period ended September 30, 2014.
	For the three-month period ended September 30, 2014, the Company recognized no stock-based compensation costs in the financial statements.
	The following table summarizes the options outstanding at September 30, 2014:
	Outstanding at June 30, 2014 (audited)		8,700,000
	Granted		-
	Expired		-
	Exercised		-
	Forfeited		-
	Cancelled		-
	Outstanding at September 30, 2014		8,700,000
	Exercisable at September 30, 2014		8,700,000

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	Sep. 30, 2014
Commitments and Contingencies [Text Block]	'
	13	Commitments and Contingencies
	On August 1, 2006, the Company acquired the Pansy Lee Project from Anglo Gold Mining Inc. in exchange for 1,850,000 Common Shares pursuant to an asset purchase agreement dated August 1, 2006 (the “Pansy Lee Purchase Agreement”). Pursuant to the Pansy Lee Purchase Agreement, a 2% net smelter royalty pertains to 8 of the 12 claims in this project. In the event that any one or more of the 8 claims becomes a producing claim, any revenue generated is subject to a 2% net smelter return royalty where net smelter returns are based upon gross revenue less deductions as provided in the Pansy Lee Purchase Agreement.
	On May 30, 2008, the Company entered into an agreement (the “Harting Lease Agreement”) with Ovidia Harting (“Harting”) to lease two patented claims covering approximately 35 acres in Esmeralda County. The Harting Lease Agreement has a renewable term of 10 years and permits the Company to explore the area covered by the patented claims. The Harting Lease Agreement provides for annual payments of $1,000 per claim to Harting. The Harting Lease Agreement also provides that Company pay the real estate taxes imposed by Esmeralda County. These two patented claims are subject to a 3% net smelter return royalty to be calculated and paid to Harting within 45 days after the end of each calendar quarter. The Company may terminate the Harting Lease Agreement at any time by giving 60 days notice in writing to Harting.
	On November 30, 2009, IMC US entered into a mineral rights agreement with Perdriau Investment Corp. (“Perdriau”) to purchase 50% of the mineral rights, including all easements, rights of way and appurtenant rights of any type that run with the mineral rights in certain sections of Elko County, Nevada (the “Perdriau Property”). The purchase price was $10 per net acre. IMC US purchased 340 net acres for a total purchase price of $3,400. In the event that the Perdriau Property becomes a producing property, Perdriau will be entitled to receive a royalty of $0.25 per ton for material mined and removed from the Perdriau Property.
	On January 15, 2010, IMC US entered into a mineral rights agreement with Eugene M. Hammond (the “Hammond Mineral Rights Agreement”) pursuant to which the Company purchased a 25% interest in any and all minerals extracted from 160 acres (the “Hammond Mineral Rights Property”) covered by the Hammond Mineral Rights Agreement. The purchase price was $400. In the event that the Hammond Mineral Rights Property becomes a producing property, Eugene M. Hammond is entitled to receive a royalty of $0.125 per ton on material mined and removed from the Hammond Mineral Rights Property. The Hammond Mineral Rights Agreement does not cover petroleum.
	Effective July 1, 2010, the Company entered into an employment agreement with an individual to provide business and administrative services. The employment agreement has a term of one year and is automatically renewable thereafter. Either party may terminate the employment agreement upon 60 days notice. According to the terms of the employment agreement as amended effective March 1, 2012, the Company will pay the individual no less than $8,333 per month and reimburse related business expenses.
	On February 25, 2011, SRC entered into an option and joint venture agreement (the “IMMI Option Agreement”) with International Millennium Mining Inc. (“IMMI”), a wholly owned subsidiary of International Millennium Mining Corp. (“IMMC”), to sell an 85% interest in SRC’s NL Extension Project (the “NL Project”) for total consideration of $350,000 cash and 1,925,000 shares of IMMC’s common stock (the “Consideration”). The NL Project consists of 18 mineral claims located in Esmeralda County, Nevada, approximately 6 miles southwest of Silver Peak, Nevada on Highway 47. Under the terms of the IMMI Option Agreement, the Consideration is payable over a five-year period that ends on September 15, 2015, with IMMI’s interest in the NL Project vesting at the end of such period. In the event of early termination of the IMMI Option Agreement, IMMI is not entitled to the return of Consideration previously paid to SRC. If the NL Project is determined to be economically feasible, based upon criteria contained in the IMMI Option Agreement, SRC will be required to fund its portion of an operating budget proposed by IMMI in order to retain its 15% interest in the NL Project and to acquire a 15% interest in IMMI’s Nivloc Mine Project (the NL Project and the Nivloc Mine Project, collectively, the “IMMI Project”). In the event that SRC decides not to fund its portion of the budget, its 15% interest would be forfeited, but SRC would be entitled to a 2% net smelter return royalty if and when the IMMI Project enters the production phase. Upon funding of the operating budget and SRC’s acquisition of a 15% interest in the IMMI Project, SRC and IMMI would enter into a joint venture agreement.
	Effective February 29, 2012, SRC entered into a mineral lease agreement (the “Gumaskas Agreement”) with Joseph W. Gumaskas (“Gumaskas”) to lease a patented claim covering approximately 10 acres (the “Claim”) in Mineral County, Nevada. Unless terminated earlier by SRC, the term of the Gumaskas Agreement is ten years and will automatically renew on the same terms and conditions for additional five-year periods. The Gumaskas Agreement requires SRC to pay Gumaskas advance minimum royalty payments of $500 annually. In the event that the Claim becomes a producing claim, SRC will pay Gumaskas a 3% royalty based upon gross revenue less deductions as permitted by the Gumaskas Agreement. SRC may terminate the Gumaskas Agreement at any time by giving 60 days advance written notice to Gumaskas.
	On May 16, 2014, SRC completed the purchase of three patented claims covering approximately 59 acres (the “Property”) situated in Mineral County, Nevada, from Ralph L. Buhrman and Jacqueline Buhrman (together, the “Buhrmans”). The Property was acquired for a total of $90,000 pursuant to an exploration license with option to purchase (the “Buhrman Agreement”) dated as of May 15, 2012. Mineral production from the Property is subject to a 2% royalty payable to the Buhrmans based upon gross revenues less deductions as defined by the Buhrman Agreement. SRC has the exclusive right and option to purchase such royalty at any time for the sum of $1,000,000 less any payments previously made by SRC to the Buhrmans pursuant to such royalty.
	Effective as of June 23, 2008, the Company appointed Mason Douglas as the President of the Company. Mr. Douglas is also a director of the Company. In connection with the appointment, the Company entered into a consulting services agreement with a Canadian corporation that is controlled by Mr. Douglas (the “Consulting Agreement”). The Consulting Agreement has a term of one year and is then automatically renewable. Either party may terminate the Consulting Agreement upon 90 days notice to the other party. According to the terms of the Consulting Agreement as amended effective March 1, 2012, the Company will pay a fee of $10,417 per month and reimburse related business expenses. The Consulting Agreement permits Mr. Douglas to fulfill his duties for the Company from his office in Canada. Mr. Douglas does not receive a salary from the Company. Effective October 1, 2012, the Company appointed Mr. Douglas to also serve as its Chief Executive Officer. In connection with this appointment, the Consulting Agreement was amended to increase the consulting fee to $155,000 annually, payable in 12 equal monthly installments. By mutual agreement between the Company and Mr. Douglas, effective as of March 1, 2013, the consulting fee was changed to an annual rate of $93,000, payable in 12 equal monthly installments.
	On April 23, 2013, the Company received a summons from the United States District Court, District of Nevada, naming the Company as a co-defendant in a lawsuit filed by the U.S. Attorney on behalf of the BLM seeking reimbursement for the cost of putting out a fire that occurred on May 8, 2008, and other non-quantified damages. The fire damaged approximately 451 acres of land administered by the BLM near Dayton, Nevada. The lawsuit alleged that the cost of putting out the fire was approximately $510,000. The Company denied any responsibility for the fire and notified its liability insurance carrier, which retained counsel to defend the Company. In July 2014, the Company, along with the other parties to the lawsuit, agreed to settle all relevant claims for $220,000, which is well below the limits of coverage provided by the Company’s liability insurance policy. The Company has accrued $5,000 for these claims, which is equal to the Company’s deductible on the relevant liability insurance policy.
	The Company has entered into operating leases for its office space and certain office furniture and equipment. Rent payments associated with those leases for the three-month periods ended September 30, 2014, and September 30, 2013, were $6,218 and $6,274, respectively. As of September 30, 2014, the Company’s estimated future minimum cash payments under non-cancelable operating leases for the year ending June 30, 2015, are $5,433.
	Maintaining Claims in Good Standing
	The Company is required to pay to the BLM on or before September 1 st of each year, a fee in the amount of $155 per mineral claim held by the Company. The total amount paid in August 2014, was $50,995 for 329 claims held by the Company at that date. The BLM fee for the 18 NL Project claims held by the Company was paid by IMMI pursuant to the IMMI Option Agreement described above.
	The Company is also required to pay on or before November 1 st of each year, annual fees to counties in Nevada in which the claims are held. In October 2014, the Company paid $3,478 to six counties in Nevada for annual claims-related fees. The annual county fee for the 18 NL Project claims held by the Company was paid by IMMI pursuant to the IMMI Option Agreement described above.
	The Company also holds certain patented claims and leases other patented claims in Nevada. A patented claim is fee simple title to the property. Patented claims are subject to taxes assessed by the local community based on assessment rates set annually.

Related_Party_Transactions

Related Party Transactions	3 Months Ended
	Sep. 30, 2014
Related Party Transactions [Text Block]	'
	14	Related Party Transactions
	There are no amounts owed to or from related parties as of September 30, 2014, or June 30, 2014, except as discussed in Note 8, Notes Payable.
	The following transactions were undertaken in the normal course of operations and are measured at the exchange amount, which is the amount of consideration established and agreed to by the Company and the related parties.
	Three-months ended September 30, 2014
	A corporation owned and operated by Mason Douglas, the Company’s President and Chief Executive Officer and also a member of the Company’s Board of Directors, received $23,250 for his services for the three-months ended September 30, 2014.
	The Company recorded interest expense of $1,172 for the three-months ended September 30, 2014, pursuant to promissory notes issued to a corporation that is owned and controlled by a member of the Company’s Board of Directors, Todd Montgomery. Also see Note 8 Notes Payable.
	Key management personnel are those persons that have the authority and responsibility for planning, directing and controlling the activities of the Company, directly or indirectly. Key management personnel of the Company include executive officers, other senior members of the management team, and the Board of Directors. The compensation paid or payable to key management personnel, or to companies in common with key management personnel, for services provided as detailed above for the three-months ended September 30, 2014 was:
	Compensation (fees)	$	23,250
	Interest expense	$	1,172
	Three-months ended September 30, 2013
	A corporation owned and operated by Mason Douglas, the Company’s President and Chief Executive Officer and also a member of the Company’s Board of Directors, received $23,250 for his services for the three-months ended September 30, 2013.
	A law firm, a partner of which is also a member of the Company’s Board of Directors, Brent Walter, received $8,903 for legal services rendered and expenses incurred on behalf of the Company for the three-months ended September 30, 2013.
	The Company’s Corporate Secretary, Anne Macko, received $14,000 for administrative services provided to the Company for the three-months ended September 30, 2013.
	The Company recorded interest expense of $2,628 for the three-months ended September 30, 2013, pursuant to promissory notes issued to a corporation that is owned and controlled by a member of the Company’s Board of Directors, Todd Montgomery.
	The compensation paid or payable to key management personnel, or to companies in common with key management personnel, for services provided as detailed above for the three-months ended September 30, 2013 was:
	Compensation (fees)	$	46,153
	Interest expense	$	2,628

Subsequent_Events

Subsequent Events	3 Months Ended
	Sep. 30, 2014
Subsequent Events [Text Block]	'
	15	Subsequent Event
	On October 22, 2014, 25,000 options issued in accordance with the Company’s 2006 Stock Option Plan expired.

Fair_Value_of_Financial_Instru1

Fair Value of Financial Instruments (Tables)

3 Months Ended

12 Months Ended

Sep. 30, 2014

Jun. 30, 2014

Schedule of Fair Value, by Balance Sheet Grouping [Table Text Block]

'

'

Quoted prices

Quoted prices

in active

Significant

in active

Significant

markets for

observable

Unobservable

markets for

observable

Unobservable

Carrying

identical assets

inputs

inputs

Carrying

identical assets

inputs

inputs

Balance sheet

Amount

(Level 1)

(Level 2)

(Level 3)

Balance sheet

Amount

(Level 1)

(Level 2)

(Level 3)

classification and nature

$

$

$

$

classification and nature

$

$

$

$

Assets

Assets

Cash and cash equivalents

210,421

210,421

Cash and cash equivalents

162,847

162,847

Marketable securities

57,128

57,128

Marketable securities

44,325

44,325

Restricted Cash

61,000

61,000

Restricted Cash

61,000

61,000

Plant_and_Equipment_Net_Tables

Plant and Equipment, Net (Tables)	3 Months Ended
	Sep. 30, 2014
Property, Plant and Equipment, Schedule of Significant Acquisitions and Disposals [Table Text Block]	'
	Computer equipment	30%	declining balance method
	Office furniture and fixtures	20%	declining balance method
	Plant and Machinery	15%	declining balance method
	Tools	25%	declining balance method
	Vehicles	20%	declining balance method
	Consumables	50%	declining balance method
	Molds	30%	declining balance method
	Mobile Equipment	20%	declining balance method
	Factory Buildings	5%	declining balance method
Schedule of Property, Plant and Equipment [Table Text Block]	'
				30-Sep-14		30-Jun-14
					Accumulated		Accumulated
				Cost	Depreciation	Cost	Depreciation
				$	$	$	$
		Computer equipment		25,729	18,204	25,729	17,589
		Office, furniture and fixtures		3,623	2,860	3,623	2,816
		Plant and Machinery		1,514,511	1,105,533	1,514,511	1,089,594
		Tools		11,498	8,851	11,498	8,677
		Vehicles		48,280	38,854	76,928	59,747
		Consumables		64,197	63,941	64,197	63,900
		Molds		900	852	900	844
		Mobile Equipment		73,927	61,572	73,927	60,925
		Factory Buildings		74,849	25,384	74,849	24,761
				1,817,514	1,326,051	1,846,162	1,328,853
		Net carrying amount			491,463		517,309
		Depreciation charges			18,707		90,132

Deferred_Revenue_and_Marketabl1

Deferred Revenue and Marketable Securities (Tables)	3 Months Ended
	Sep. 30, 2014
Deferred Revenue, Marketable Securities and Accumulated Other Comprehensive Loss, Disclosure [Table Text Block]	'
										Accumulated
										Other
				Deferred			Marketable			Comprehensive
				Revenue			Securities			Loss
		Balance as of July 1, 2013	$	307,460		$	49,917		$	(105,043	)
		Consideration received during the year ended June 30, 2014		81,876			11,876
		Other income recognized on termination of Sale Agreement		(42,500	)
		Change in market value of securities for the year ended June 30, 2014					(17,468	)		(17,468	)
		Other-than-temporary impairment of marketable securities reclassified to net loss								122,511
		Balance as of June 30, 2014	$	346,836		$	44,325		$	-
		Consideration received during the period ending September 30, 2014		82,803			12,803
		Balance as of September 30, 2014	$	429,639		$	57,128		$	-

Asset_Retirement_Obligation_Ta

Asset Retirement Obligation (Tables)	3 Months Ended
	Sep. 30, 2014
Schedule of Asset Retirement Obligations [Table Text Block]	'
	Balance as of June 30, 2014	$	19,636
	Increase in Asset Retirement Obligation		-
	Accretion for the period ending September 30, 2014		491
	Balance as of September 30, 2014	$	20,127

Stock_Based_Compensation_Table

Stock Based Compensation (Tables)	3 Months Ended
	Sep. 30, 2014
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	'
	Outstanding at June 30, 2014 (audited)	8,700,000
	Granted	-
	Expired	-
	Exercised	-
	Forfeited	-
	Cancelled	-
	Outstanding at September 30, 2014	8,700,000
	Exercisable at September 30, 2014	8,700,000

Related_Party_Transactions_Tab

Related Party Transactions (Tables)	3 Months Ended
	Sep. 30, 2014			Sep. 30, 2013
Schedule of Related Party Transactions [Table Text Block]	'			'
	Compensation (fees)	$	23,250	Compensation (fees)	$	46,153
	Interest expense	$	1,172	Interest expense	$	2,628

Nature_of_Business_and_Operati1

Nature of Business and Operations (Narrative) (Details)	3 Months Ended
	Sep. 30, 2014
	acre
Nature Of Business And Operations 1	2
Nature Of Business And Operations 2	68
Nature Of Business And Operations 3	1,405
Nature Of Business And Operations 4	50.00%
Nature Of Business And Operations 5	680
Nature Of Business And Operations 6	25.00%
Nature Of Business And Operations 7	160
Nature Of Business And Operations 8	273
Nature Of Business And Operations 9	5,599
Nature Of Business And Operations 10	17
Nature Of Business And Operations 11	3
Nature Of Business And Operations 12	365
Nature Of Business And Operations 13	30

Going_Concern_Narrative_Detail

Going Concern (Narrative) (Details) (USD $)	3 Months Ended
	Sep. 30, 2014
Going Concern 1	$24,547,077
Going Concern 2	12,718,365
Going Concern 3	2,215,399
Going Concern 4	465,343
Going Concern 5	140,000
Going Concern 6	150,000
Going Concern 7	70,000
Going Concern 8	$100,000

Reclamation_Deposit_Narrative_

Reclamation Deposit (Narrative) (Details) (USD $)	3 Months Ended
	Sep. 30, 2014
Reclamation Deposit 1	$240,805
Reclamation Deposit 2	219,205
Reclamation Deposit 3	$21,600

Plant_and_Equipment_Net_Narrat

Plant and Equipment, Net (Narrative) (Details) (USD $)	3 Months Ended
	Sep. 30, 2014
Plant And Equipment, Net 1	$18,707
Plant And Equipment, Net 2	$90,132

Notes_Payable_Narrative_Detail

Notes Payable (Narrative) (Details) (USD $)	3 Months Ended
	Sep. 30, 2014
Notes Payable 1	$70,000
Notes Payable 2	4.00%
Notes Payable 3	4.00%
Notes Payable 4	10.00%
Notes Payable 5	690
Notes Payable 6	100,000
Notes Payable 7	4.00%
Notes Payable 8	4.00%
Notes Payable 9	10.00%
Notes Payable 10	$482

Deferred_Revenue_and_Marketabl2

Deferred Revenue and Marketable Securities (Narrative) (Details) (USD $)	3 Months Ended
	Sep. 30, 2014
	mi
Deferred Revenue And Marketable Securities 1	85.00%
Deferred Revenue And Marketable Securities 2	$350,000
Deferred Revenue And Marketable Securities 3	1,925,000
Deferred Revenue And Marketable Securities 4	18
Deferred Revenue And Marketable Securities 5	6
Deferred Revenue And Marketable Securities 6	346,836
Deferred Revenue And Marketable Securities 7	1,225,000
Deferred Revenue And Marketable Securities 8	166,836
Deferred Revenue And Marketable Securities 9	180,000
Deferred Revenue And Marketable Securities 10	82,803
Deferred Revenue And Marketable Securities 11	350,000
Deferred Revenue And Marketable Securities 12	12,803
Deferred Revenue And Marketable Securities 13	70,000
Deferred Revenue And Marketable Securities 14	122,511
Deferred Revenue And Marketable Securities 15	17,468
Deferred Revenue And Marketable Securities 16	425,000
Deferred Revenue And Marketable Securities 17	100.00%
Deferred Revenue And Marketable Securities 18	10.00%
Deferred Revenue And Marketable Securities 19	42,500
Deferred Revenue And Marketable Securities 20	$42,500

Asset_Retirement_Obligation_Na

Asset Retirement Obligation (Narrative) (Details) (USD $)	3 Months Ended
	Sep. 30, 2014
Asset Retirement Obligation 1	$22,455
Asset Retirement Obligation 2	19,636
Asset Retirement Obligation 3	10.00%
Asset Retirement Obligation 4	$491

Issuance_of_Common_Shares_and_1

Issuance of Common Shares and Warrants (Narrative) (Details)	3 Months Ended
	Sep. 30, 2014	Sep. 30, 2014
	USD ($)	CAD
	M
Issuance Of Common Shares And Warrants 1	33,333,333	33,333,333
Issuance Of Common Shares And Warrants 2	$0.01	'
Issuance Of Common Shares And Warrants 3	'	0.015
Issuance Of Common Shares And Warrants 4	474,203	'
Issuance Of Common Shares And Warrants 5	'	500,000
Issuance Of Common Shares And Warrants 6	6,035,800	6,035,800
Issuance Of Common Shares And Warrants 7	293,000	'
Issuance Of Common Shares And Warrants 8	6,035,800	6,035,800
Issuance Of Common Shares And Warrants 9	0.0485	'
Issuance Of Common Shares And Warrants 10	'	0.05
Issuance Of Common Shares And Warrants 11	$0.04	'
Issuance Of Common Shares And Warrants 12	211,253	'
Issuance Of Common Shares And Warrants 13	81,747	'
Issuance Of Common Shares And Warrants 14	26,000,000	26,000,000
Issuance Of Common Shares And Warrants 15	0.096	'
Issuance Of Common Shares And Warrants 16	'	0.1
Issuance Of Common Shares And Warrants 17	2,507,180	'
Issuance Of Common Shares And Warrants 18	'	2,600,000
Issuance Of Common Shares And Warrants 19	14,644	'
Issuance Of Common Shares And Warrants 20	209,850	209,850
Issuance Of Common Shares And Warrants 21	$0.10	'
Issuance Of Common Shares And Warrants 22	'	0.1
Issuance Of Common Shares And Warrants 23	24	24
Issuance Of Common Shares And Warrants 24	1.63%	1.63%
Issuance Of Common Shares And Warrants 25	0.00%	0.00%
Issuance Of Common Shares And Warrants 26	142.45%	142.45%

Stock_Based_Compensation_Narra

Stock Based Compensation (Narrative) (Details)	3 Months Ended
	Sep. 30, 2014
	Y
Stock Based Compensation 1	10
Stock Based Compensation 2	10.00%

Commitments_and_Contingencies_

Commitments and Contingencies (Narrative) (Details) (USD $)	3 Months Ended
	Sep. 30, 2014
	D
	M
	mi
	acre
	Y
Commitments And Contingencies 1	1,850,000
Commitments And Contingencies 2	2.00%
Commitments And Contingencies 3	8
Commitments And Contingencies 4	12
Commitments And Contingencies 5	8
Commitments And Contingencies 6	2.00%
Commitments And Contingencies 7	35
Commitments And Contingencies 8	10
Commitments And Contingencies 9	$1,000
Commitments And Contingencies 10	3.00%
Commitments And Contingencies 11	45
Commitments And Contingencies 12	60
Commitments And Contingencies 13	50.00%
Commitments And Contingencies 14	10
Commitments And Contingencies 15	340
Commitments And Contingencies 16	3,400
Commitments And Contingencies 17	0.25
Commitments And Contingencies 18	25.00%
Commitments And Contingencies 19	160
Commitments And Contingencies 20	400
Commitments And Contingencies 21	0.125
Commitments And Contingencies 22	60
Commitments And Contingencies 23	8,333
Commitments And Contingencies 24	85.00%
Commitments And Contingencies 25	350,000
Commitments And Contingencies 26	1,925,000
Commitments And Contingencies 27	18
Commitments And Contingencies 28	6
Commitments And Contingencies 29	15.00%
Commitments And Contingencies 30	15.00%
Commitments And Contingencies 31	15.00%
Commitments And Contingencies 32	2.00%
Commitments And Contingencies 33	15.00%
Commitments And Contingencies 34	10
Commitments And Contingencies 35	500
Commitments And Contingencies 36	3.00%
Commitments And Contingencies 37	60
Commitments And Contingencies 38	59
Commitments And Contingencies 39	90,000
Commitments And Contingencies 40	2.00%
Commitments And Contingencies 41	1,000,000
Commitments And Contingencies 42	90
Commitments And Contingencies 43	10,417
Commitments And Contingencies 44	155,000
Commitments And Contingencies 45	12
Commitments And Contingencies 46	93,000
Commitments And Contingencies 47	12
Commitments And Contingencies 48	451
Commitments And Contingencies 49	510,000
Commitments And Contingencies 50	220,000
Commitments And Contingencies 51	5,000
Commitments And Contingencies 52	6,218
Commitments And Contingencies 53	6,274
Commitments And Contingencies 54	5,433
Commitments And Contingencies 55	155
Commitments And Contingencies 56	50,995
Commitments And Contingencies 57	329
Commitments And Contingencies 58	18
Commitments And Contingencies 59	$3,478
Commitments And Contingencies 60	18

Related_Party_Transactions_Nar

Related Party Transactions (Narrative) (Details) (USD $)	3 Months Ended
	Sep. 30, 2014
Related Party Transactions 1	$23,250
Related Party Transactions 2	1,172
Related Party Transactions 3	23,250
Related Party Transactions 4	8,903
Related Party Transactions 5	14,000
Related Party Transactions 6	$2,628

Subsequent_Events_Narrative_De

Subsequent Events (Narrative) (Details)	3 Months Ended
	Sep. 30, 2014
Subsequent Events 1	25,000

Schedule_of_Fair_Value_by_Bala

Schedule of Fair Value, by Balance Sheet Grouping (Details) (USD $)	3 Months Ended
	Sep. 30, 2014
Fair Value Of Financial Instruments Schedule Of Fair Value, By Balance Sheet Grouping 1	$210,421
Fair Value Of Financial Instruments Schedule Of Fair Value, By Balance Sheet Grouping 2	210,421
Fair Value Of Financial Instruments Schedule Of Fair Value, By Balance Sheet Grouping 3	57,128
Fair Value Of Financial Instruments Schedule Of Fair Value, By Balance Sheet Grouping 4	57,128
Fair Value Of Financial Instruments Schedule Of Fair Value, By Balance Sheet Grouping 5	61,000
Fair Value Of Financial Instruments Schedule Of Fair Value, By Balance Sheet Grouping 6	61,000
Fair Value Of Financial Instruments Schedule Of Fair Value, By Balance Sheet Grouping 1	162,847
Fair Value Of Financial Instruments Schedule Of Fair Value, By Balance Sheet Grouping 2	162,847
Fair Value Of Financial Instruments Schedule Of Fair Value, By Balance Sheet Grouping 3	44,325
Fair Value Of Financial Instruments Schedule Of Fair Value, By Balance Sheet Grouping 4	44,325
Fair Value Of Financial Instruments Schedule Of Fair Value, By Balance Sheet Grouping 5	61,000
Fair Value Of Financial Instruments Schedule Of Fair Value, By Balance Sheet Grouping 6	$61,000

Property_Plant_and_Equipment_S

Property, Plant and Equipment, Schedule of Significant Acquisitions and Disposals (Details)	3 Months Ended
	Sep. 30, 2014
Plant And Equipment, Net Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 1	30.00%
Plant And Equipment, Net Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 2	20.00%
Plant And Equipment, Net Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 3	15.00%
Plant And Equipment, Net Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 4	25.00%
Plant And Equipment, Net Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 5	20.00%
Plant And Equipment, Net Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 6	50.00%
Plant And Equipment, Net Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 7	30.00%
Plant And Equipment, Net Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 8	20.00%
Plant And Equipment, Net Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 9	5.00%

Schedule_of_Property_Plant_and

Schedule of Property, Plant and Equipment (Details) (USD $)	3 Months Ended
	Sep. 30, 2014
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 1	$25,729
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 2	18,204
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 3	25,729
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 4	17,589
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 5	3,623
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 6	2,860
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 7	3,623
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 8	2,816
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 9	1,514,511
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 10	1,105,533
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 11	1,514,511
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 12	1,089,594
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 13	11,498
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 14	8,851
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 15	11,498
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 16	8,677
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 17	48,280
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 18	38,854
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 19	76,928
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 20	59,747
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 21	64,197
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 22	63,941
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 23	64,197
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 24	63,900
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 25	900
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 26	852
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 27	900
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 28	844
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 29	73,927
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 30	61,572
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 31	73,927
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 32	60,925
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 33	74,849
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 34	25,384
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 35	74,849
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 36	24,761
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 37	1,817,514
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 38	1,326,051
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 39	1,846,162
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 40	1,328,853
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 41	491,463
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 42	517,309
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 43	18,707
Plant And Equipment, Net Schedule Of Property, Plant And Equipment 44	$90,132

Deferred_Revenue_Marketable_Se

Deferred Revenue, Marketable Securities and Accumulated Other Comprehensive Loss, Disclosure (Details) (USD $)	3 Months Ended
	Sep. 30, 2014
Deferred Revenue And Marketable Securities Deferred Revenue, Marketable Securities And Accumulated Other Comprehensive Loss, Disclosure 1	$307,460
Deferred Revenue And Marketable Securities Deferred Revenue, Marketable Securities And Accumulated Other Comprehensive Loss, Disclosure 2	49,917
Deferred Revenue And Marketable Securities Deferred Revenue, Marketable Securities And Accumulated Other Comprehensive Loss, Disclosure 3	-105,043
Deferred Revenue And Marketable Securities Deferred Revenue, Marketable Securities And Accumulated Other Comprehensive Loss, Disclosure 4	81,876
Deferred Revenue And Marketable Securities Deferred Revenue, Marketable Securities And Accumulated Other Comprehensive Loss, Disclosure 5	11,876
Deferred Revenue And Marketable Securities Deferred Revenue, Marketable Securities And Accumulated Other Comprehensive Loss, Disclosure 6	-42,500
Deferred Revenue And Marketable Securities Deferred Revenue, Marketable Securities And Accumulated Other Comprehensive Loss, Disclosure 7	-17,468
Deferred Revenue And Marketable Securities Deferred Revenue, Marketable Securities And Accumulated Other Comprehensive Loss, Disclosure 8	-17,468
Deferred Revenue And Marketable Securities Deferred Revenue, Marketable Securities And Accumulated Other Comprehensive Loss, Disclosure 9	122,511
Deferred Revenue And Marketable Securities Deferred Revenue, Marketable Securities And Accumulated Other Comprehensive Loss, Disclosure 10	346,836
Deferred Revenue And Marketable Securities Deferred Revenue, Marketable Securities And Accumulated Other Comprehensive Loss, Disclosure 11	44,325
Deferred Revenue And Marketable Securities Deferred Revenue, Marketable Securities And Accumulated Other Comprehensive Loss, Disclosure 12	0
Deferred Revenue And Marketable Securities Deferred Revenue, Marketable Securities And Accumulated Other Comprehensive Loss, Disclosure 13	82,803
Deferred Revenue And Marketable Securities Deferred Revenue, Marketable Securities And Accumulated Other Comprehensive Loss, Disclosure 14	12,803
Deferred Revenue And Marketable Securities Deferred Revenue, Marketable Securities And Accumulated Other Comprehensive Loss, Disclosure 15	429,639
Deferred Revenue And Marketable Securities Deferred Revenue, Marketable Securities And Accumulated Other Comprehensive Loss, Disclosure 16	57,128
Deferred Revenue And Marketable Securities Deferred Revenue, Marketable Securities And Accumulated Other Comprehensive Loss, Disclosure 17	$0

Schedule_of_Asset_Retirement_O

Schedule of Asset Retirement Obligations (Details) (USD $)	3 Months Ended
	Sep. 30, 2014
Asset Retirement Obligation Schedule Of Asset Retirement Obligations 1	$19,636
Asset Retirement Obligation Schedule Of Asset Retirement Obligations 2	0
Asset Retirement Obligation Schedule Of Asset Retirement Obligations 3	491
Asset Retirement Obligation Schedule Of Asset Retirement Obligations 4	$20,127

Schedule_of_Sharebased_Compens

Schedule of Share-based Compensation, Stock Options, Activity (Details) (USD $)	3 Months Ended
	Sep. 30, 2014
Stock Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 1	$8,700,000
Stock Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 2	0
Stock Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 3	0
Stock Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 4	0
Stock Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 5	0
Stock Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 6	0
Stock Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 7	8,700,000
Stock Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 8	$8,700,000

Schedule_of_Related_Party_Tran

Schedule of Related Party Transactions (Details) (USD $)	3 Months Ended
	Sep. 30, 2014
Related Party Transactions Schedule Of Related Party Transactions 1	$23,250
Related Party Transactions Schedule Of Related Party Transactions 2	1,172
Related Party Transactions Schedule Of Related Party Transactions 1	46,153
Related Party Transactions Schedule Of Related Party Transactions 2	$2,628