Golden Global 10-Q 6 Apr 15 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Sep. 30, 2014
Document And Entity Information
Entity Registrant Name	Golden Global Corp.
Entity Central Index Key	1502555
Document Type	10-Q
Document Period End Date	30-Sep-14
Amendment Flag	FALSE
Current Fiscal Year End Date	-24
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	Yes
Is Entity's Reporting Status Current?	No
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding	563,297,130
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2014

Balance_Sheets_Unaudited

Balance Sheets (Unaudited) (USD $)	Sep. 30, 2014	Jun. 30, 2014
Statement of Financial Position [Abstract]
Cash and cash equivalents	$18,939	$43,006
Sales tax and other receivable	2,787	2,787
Total current assets	21,726	45,793
Property and Equipment	113,744	126,861
Mineral properties, unproven	20,012	20,012
Total property and equipment	133,756	146,873
Total Assets	155,482	192,666
Accounts payable and accrued liabilities	100,952	72,632
Due to related parties	198,982	332,747
Notes payable	161,345	153,750
Fair value of embedded derivative	1,451,609	341,002
Dividend payable	25,593	23,871
Total Liabilities	1,938,481	924,002
Capital Stock
2,000,000,000 (June 30, 2014 – 1,500,000) with a par value of $0.0001 Outstanding but not issued 563,297,130 common stock (2014 - 144,049,894)	$56,329	$14,405
Additional paid in capital	905,047	748,729
Deficit accumulated during the exploration stage	-2,820,339	-1,570,434
[us-gaap:StockholdersEquity]	-1,858,963	-807,300
Equity attributable to non-controlling interest	75,964	75,964
Total Stockholders' Equity	-1,782,999	-731,336
Total Liabilities and Stockholders' Equity	$155,482	$192,666

Balance_Sheets_Parenthetical

Balance Sheets (Parenthetical)	Sep. 30, 2014	Jun. 30, 2014
Statement of Financial Position [Abstract]
Authorized Capital	2,000,000,000	2,000,000,000
Outstanding Capital	563,297,130	144,049,894

Statements_of_Operations_Unaud

Statements of Operations (Unaudited) (USD $)	3 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Expenses
Administration fees		$475
Consulting fees	216,600
Depreciation	13,117	7,618
Professional fees	7,844	6,740
Office and general	26,897	6,218
Travel expenses	800
[us-gaap:OperatingCostsAndExpenses]	-265,258	-21,051
Foreign exchange loss	-47,425
Gain / (Loss) on change in fair value of embedded derivative	-935,500	16,408
Interest income		17
Net loss and comprehensive loss for the period	-1,249,183	-4,626
Preferred shares dividend	-1,722	-1,741
Attributed to common stockholders	($1,249,905)	($6,367)
Basic and diluted income (loss) per share	$0	$0
Weighted average number of shares outstanding	144,049,894	46,113,507

Shareholders_Equity_Unaudited

Shareholders Equity (Unaudited) (USD $)	3 Months Ended	12 Months Ended
	Sep. 30, 2014	Jun. 30, 2014	Jun. 30, 2013
Issuance of common shares, consulting services	$143,392	$31,281
Issuance of common shares, note conversion	54,850	101,443
Dividend	-1,722	6,907
Net loss and comprehensive loss	-1,248,183	-595,074
Balance	-1,782,999	-731,336	-262,079
Common Stock
Issuance of common shares, consulting services (in shares)	168,636,362	12,000,000
Issuance of common shares, consulting services	16,863	1,200
Issuance of common shares, note conversion (in shares)	250,610,874	85,936,387
Issuance of common shares, note conversion	25,061	8,593
Dividend	0	0
Net loss and comprehensive loss	0	0
Balance	56,329	14,405	4,612
Balance (in shares)	563,297,130	144,049,894	46,113,507
Additional Paid-In Capital
Issuance of common shares, consulting services	126,529	30,081
Issuance of common shares, note conversion	29,789	92,850
Dividend	0	0
Net loss and comprehensive loss	0	0
Balance	905,047	748,729	25,798
Retained Earnings / Accumulated Deficit
Issuance of common shares, consulting services	0	0
Issuance of common shares, note conversion	0	0
Dividend	-1,722	-6,907
Net loss and comprehensive loss	-1,248,183	-595,074
Balance	-2,820,339	-1,570,434	-968,453
Comprehensive Income / Loss
Issuance of common shares, consulting services	143,392	31,281
Issuance of common shares, note conversion	54,850	101,443
Dividend	-1,722	6,907
Net loss and comprehensive loss	-1,248,183	-595,074
Balance	-1,858,963	-807,300	-338,043
Noncontrolling Interest
Issuance of common shares, consulting services	0	0
Issuance of common shares, note conversion	0	0
Dividend	0	0
Net loss and comprehensive loss	0	0
Balance	$75,964	$75,964	$75,964

Statements_of_Cash_Flows_Unaud

Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Statement of Cash Flows [Abstract]
Net loss for period	($1,248,183)	($4,626)
Non-cash payment for consulting expenses	161,055
Depreciation	13,117	7,618
Gain / (Loss) on change in fair value of embedded derivative	935,500	-16,408
Foreign exchange loss	59,366
Prepaid expenses		-9,887
Sales tax and other receivable		-18
Accounts payable and accrued liabilities	28,320	1,593
Note payable	7,595
Net cash used in operating activities	-43,230	-21,728
Advance from (payment to) related parties	19,163	-150
Proceeds from convertible promissory notes		30,000
Net cash provided by (used in) financing activities	19,163	29,850
Increase (decrease) in cash and	-24,067	8,122
Cash and cash equivalents, beginning of the period	43,006	6,782
Cash and cash equivalents, end of the period	18,939	14,904
- Income taxes paid	0	0
- Interest paid	$0	$0

Nature_and_Continuance_of_Oper

Nature and Continuance of Operations	3 Months Ended
	Sep. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature and Continuance of Operations	Note 1 – Nature and Continuance of Operations
	Golden Global Corp. ("the Company"), incorporated in the State of Nevada, USA on December 10, 2009, and its wholly-owned subsidiary are engaged in the acquisition, exploration and development of precious metal properties. The Company’s wholly owned subsidiary is Golden Global Mining Corporation which was incorporated in the Province of Alberta, Canada on January 10, 2010. The Company is an exploration stage company in the process of exploring its mineral properties in British Columbia, Canada, and has not yet determined whether these properties contain reserves that are economically recoverable.
	These financial statements have been prepared in accordance with generally accepted accounting principles applicable to a going concern, which assumes that the Company will be able to meet its obligations and continue its operations for its next fiscal year. Realization values may be substantially different from carrying values as shown and these financial statements do not give effect to adjustments that would be necessary to the carrying values and classification of assets and liabilities should the Company be unable to continue as a going concern. At September 30, 2014, the Company had not yet achieved profitable operations and has accumulated losses of $2,820,339 since its inception. The Company expects to incur further losses in the development of its business, all of which casts substantial doubt about the Company’s ability to continue as a going concern. The Company’s ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management anticipates that additional funding will be in the form of equity financing from the sale of common stock. Management may also seek to obtain short-term loans from the directors of the Company. There are no current arrangements in place for equity funding or short-term loans.
	The unaudited condensed financial statements included herein have been prepared by Company pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). The financial statements reflect all adjustments that are, in the opinion of management, necessary for a fair statement of such information. All such adjustments are of a normal recurring nature. Although the Company believes that the disclosures are adequate to make the information presented not misleading, certain information and footnote disclosures, including a description of significant accounting policies normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”), have been condensed or omitted pursuant to such rules and regulations. These consolidated financial statements should be read in conjunction with the financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the year ended June 30, 2014, filed with the SEC.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	3 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2 – Summary of Significant Accounting Policies
	This summary of significant accounting policies is presented to assist in understanding the unaudited condensed interim consolidated financial statements. The financial statements and notes are the representations of the Company’s management, who is responsible for their integrity and objectivity. These consolidated financial statements have been prepared in accordance with the instructions to form 10-Q, and therefore, do not included all the information necessary for a fair presentation of financial position, results of operations and cash flows in conformity with generally accepted accounting principles.
	Basis of Presentation
	The Company’s interim consolidated financial statements included herein are prepared under the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America. These interim consolidated financial statements include the Company’s subsidiary, Golden Global Mining Corporation, and 100 percent of its assets, liabilities and net income or loss. All inter-company accounts and transactions have been eliminated.
	While the information presented in the accompanying interim three months consolidated financial statements is unaudited, it includes all adjustments, which are, in the opinion of management, necessary to present fairly the financial position, results of operation and cash flows for the interim periods presented. All adjustments are of a normal recurring nature. Operating results for the period ended September 30, 2014 are not necessarily indicative of the results that can be expected for the year ended June 30, 2015.
	Recent Accounting Pronouncements
	In May 2014, the Financial Accounting Standards Board issued Accounting Standards Update (“ASU”) 2014-9, “Revenue from Contracts with Customers: Topic 606”(“ASU 2014-9”). ASU 2014-9 is intended to enhance comparability of revenue recognition practices across entities, industries, jurisdictions, and capital markets, improve disclosure to help users of financial statements better understand the nature, amount, timing, and uncertainty of revenue that is recognized, and provide guidance for transactions that are not currently addressed comprehensively. The standard is effective for fiscal years beginning after December 15, 2016, and interim periods therein, and does not allow for early adoption. Entities have the option of using either a full retrospective or modified retrospective approach for the adoption of the standard. The Company has begun the evaluation of the impact that the standard will have on its consolidated financial statements but has not yet selected a transition method.

Property_and_Equipment

Property and Equipment	3 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]
Property and Equipment	Note 3 – Property and Equipment
	As at September 30, 2014
			Cost		Accumulated		Net Book
					Depreciation		Value
	Furniture and fixtures	$	2,345	$	1,640	$	705
	Mining equipment		258,938		145,952		112,986
	Computers		1,063		1,010		53
		$	262,346	$	148,602	$	113,744
	As at June 30, 2014
			Cost		Accumulated		Net Book
					Depreciation		Value
	Furniture and fixtures	$	2,345	$	1,522	$	823
	Mining equipment		258,938		133,006		125,932
	Computers		1,063		957		106
		$	262,346	$	135,485	$	126,861

Mineral_Properties

Mineral Properties	3 Months Ended
	Sep. 30, 2014
Extractive Industries [Abstract]
Mineral Properties	Note 4 – Mineral Properties
	During the period ended September 30, 2014, the Company did not make any payment in relations to mineral claims (2013 - $20,012).

Due_to_Related_Parties

Due to Related Parties	3 Months Ended
	Sep. 30, 2014
Related Party Transactions [Abstract]
Due to Related Parties	Note 5 – Due to Related Parties
	During the period ended September 30, 2014, the Company issued 168,636,362 common shares for $164,366 (US$154,000) previously accrued consulting fees. Of the shares issued, 105,000,000 were issued at $0.0008 per common shares and 63,636,362 were issued at $0.0011 per common shares. Additionally, the Company incurred $32,676 (US$30,000) in consulting fees to related parties.
	Amounts due to related parties are non-interest bearing, unsecured and due on demand.

Notes_Payable

Notes Payable	3 Months Ended
	Sep. 30, 2014
Payables and Accruals [Abstract]
Notes Payable	Note 6 –Notes payable
	On September 6, 2013, the Company entered into a loan agreement for a $30,000 loan using equipment as collateral. The loan bears interest at an annual rate of 30% and had an original maturity date of February 9, 2014. The principal of the loan can be paid off at anytime during the period of the loan at the election of the Company with interest bears in full for the 5 month term of the loan. In the event the loan is not paid by the maturity date, the collateral assets will become the property of the loaner, and no interest is due. Upon further negotiations, the maturity date of the loan was extended to April 30, 2014. At June 30, 2014 this loan had been settled and the accrued interest of $3,750 has been included as part of the new loan agreement entered into on April 28, 2014.
	On April 28, 2014, the Company entered into a loan agreement for a $150,000, with $100,000 to be used towards the purchase of equipment and the balance towards operations. The loan bears interest at an annual rate of 12% and matures on November 30, 2014.
	The terms of repayments are as follows:
		a)	10% of the gold recovered from the operation up to a value of $1,500 per month will be applied towards interest and the remaining towards the principal.
		b)	The Company issued 3,000,000 restricted common shares on May 1, 2014, to the lender which becomes eligible to become free trading on or before November 1, 2014. If the shares at the time of becoming free trading are not $0.06 or greater, then the following repayment process will be followed:
		·	Proceeds from mining operations.
		·	If the proceeds from the mining operations are not sufficient then repayment will come from the proceeds from the issuance of free trading shares to raise capital.
		·	Proceeds from additional financing.
		c)	If the above repayment process cannot be followed equipment will be used to fulfill the repayment obligation.
	As the maturity date of the loan has passed, the Company is renegotiating the term with the lender.

Convertible_Promissory_Note

Convertible Promissory Note	3 Months Ended
	Sep. 30, 2014
Debt Disclosure [Abstract]
Convertible Promissory Note	Note 7 – Convertible Promissory Notes
	On March 14, 2012, the Company entered into a securities purchase agreement to issue an unsecured convertible promissory note with a principal amount of US$37,500 (C$37,256). This promissory note bears interest at an annual rate of 8%, which is to be paid with principal in full on the maturity date of December 19, 2012. The principal amount of the Note, together with interest may be converted into shares of common stock, par value of $0.0001, at the option of the lender at a conversion price equal to fifty-five percent at the market price during the 10 trading days prior to the conversion. As the maturity date for the note has passed, a penalty of US$12,600 (C$12,944) has been added to the principal balance of the note. As of September 30, 2014, conversions amount to US$51,600 (C$53,274) have been recorded and 40,767,015 shares of the Company’s common stock were issued as a result of the conversions. As a result, this note has been fully settled.
	On May 2, 2012, the Company entered into a securities purchase agreement to issue an unsecured convertible promissory note with a principal amount of US$42,500 (C$42,037). This promissory note bears interest at an annual rate of 8% which is to be paid with principal in full on the maturity date of February 4, 2013. The principal amount of this promissory note, together with interest may be converted into shares of common stock, par value of $0.0001, at the option of the lender at a conversion price equal to fifty-five percent at the market price during the 10 trading days prior to the conversion. As the maturity date for the note has passed, a penalty of US$21,250 (C$21,830) has been added to the principal balance of the note. As at September 30, 2014, conversions amount to US$63,750 (C$69,441) have been recorded and 81,837,976 shares of the Company’s common stock were issued as a result of the conversion. As a result, this note has been fully settled.
	On November 2, 2012, the Company entered into a securities purchase agreement to issue an unsecured convertible promissory note with a principal amount of US$9,250 (C$9,217). This promissory note bears interest at an annual rate of 8% which is to be paid with principal in full on the maturity date of August 6, 2013. The principal amount of the Note, together with interest may be converted into shares of common stock, par value of $0.0001, at the option of the lender at a conversion price equal to forty percent at the market price during the 10 trading days prior to the conversion. As the maturity date for the note has passed, a penalty of US$4,625 (C$4,751) has been added to the principal balance of the note. As at September 30, 2014, conversions amount to US$13,875 (C$15,164) have been recorded and 47,533,036 shares of the Company’s common stock were issued as a result of the conversion. As a result, this note has been fully settled.
	On October 25, 2013, the Company entered into a securities purchase agreement to issue an unsecured convertible promissory note with a principal amount of US$16,000 (C$16,720). This promissory note bears interest at an annual rate of 8% which is to be paid with principal in full on the maturity date of July 29, 2014. The principal amount of the Note, together with interest may be converted into shares of common stock, par value of $0.0001, at the option of the lender at a conversion price equal to thirty percent at the average market price during the 10 trading days prior to the conversion. As the maturity date for the note has passed, a penalty of US$8,000 (C$8,613) has been added to the principal balance of the note. As at September 30, 2014, conversions amount to US$19,385 (C$21,226) have been recorded and 169,375,324 shares of the Company’s common stock were issued as a result of the conversion.
	On February 6, 2014, the Company entered into a securities purchase agreement to issue an unsecured convertible promissory note with a principal amount of US$16,500 (C$18,259). This promissory note bears interest at an annual rate of 8% which is to be paid with principal in full on the maturity date of November 10, 2014. The principal amount of the Note, together with interest may be converted into shares of common stock, par value of $0.0001, at the option of the lender at a conversion price equal to thirty five percent at the market price, which is the average of the lowest three trading prices during the 10 trading days prior to the conversion. Subsequent to the period, the note has matured unpaid. As a result, a penalty of US$5,473 (C$6,209) has been added to the principal balance of the note.
	On April 7, 2014, the Company entered into a securities purchase agreement to issue an unsecured convertible promissory note with a principal amount of US$32,500 (C$35,656). This promissory note bears interest at an annual rate of 8% which is to be paid with principal in full and interest on the maturity date of January 9, 2015. The principal amount of the note, together with interest may be converted into shares of common stock, par value of $0.0001, at the option of the lender at a conversion price equal to forty one percent at the market price, which is the average of the lowest three trading prices during the 10 days prior to the conversion. Subsequent to the period, the note has matured unpaid. As a result, a penalty of US$16,250 (C$19,268) has been added to the principal balance of the note.
	On April 9, 2014, the Company entered into a securities purchase agreement to issue an unsecured convertible promissory note with a principal amount of US$42,000 (C$45,793). This promissory note bears interest at an annual rate of 8% which is to be paid with principal in full on the maturity date of April 9, 2015. The principal amount of the note, together with interest may be converted into shares of common stock, par value of $0.001, at the option of the lender at a conversion price equal to fifty percent of the lowest closing price bid during the 18 days prior to the conversion.
	On May 27, 2014, the Company entered into a securities purchase agreement to issue two unsecured convertible promissory note with a principal amount of US$25,000 (C$27,173) each. This promissory note bears interest at an annual rate of 8% which is to be paid with principal in full and interest on the maturity date of May 27, 2015. The principal amount of the note, together with interest may be converted into shares of common stock, par value of $0.001, at the option of the lender at a conversion price equal to fifty percent of the lowest closing price bid during the 18 days prior to the conversion
	On August 1, 2014, the Company entered into a securities purchase agreement to issue an unsecured convertible promissory note with a principal amount of US$147,500 (C$161,055). This promissory note represent consulting fee paid for investor relation services up to July 31, 2015. As of September 30, 2014, US$158,000 (C$160,984) has been expensed as non-cash consulting fee. This promissory note bears interest at an annual rate of 8%, which is to be paid with principal in full and interest on the maturity date of August 1, 2015. The principal amount of the note, together with interest may be converted into shares of common stock, par value of $0.0001, at the option of the lender at a conversion price equal to fifty percent at the market price during the 10 days prior to the conversion, or at $0.00005 per share if the stock traded below $0.0001.
	The above notes include certain embedded features related to the embedded conversion option being exercisable into a variable number of shares and the strike price being dominated in a currency other than the Company’s functional currency. These features qualify as derivatives and are bundled as a compound embedded derivative that is measured at fair value. The fair value of the derivatives as at September 30, 2014 was $1,451,609 (June 30, 2014 - $341,002). As the fair value of the embedded conversion features exceeded the principle value of the promissory notes, the entire amount of the debt has been classified as an embedded derivative on the consolidated balance sheet.
	As at September 30, 2014, accrued interest recorded in accounts payable and accrued liabilities relating to the convertible promissory notes totaled $25,244. (June 30, 2014 - $20,662).

Capital_Stock

Capital Stock	3 Months Ended
	Sep. 30, 2014
Equity [Abstract]
Capital Stock	Note 8 - Capital Stock
	During the quarter ended December 31, 2013, the Company issued 4,651,261 common stocks as a result of the partial conversion of US$7,200 of the unsecured promissory note dated March 14, 2012.
	During the quarter ended March 31, 2014, the Company issued 19,857,677 common stocks as a result of the partial conversion of US$23,645 of the unsecured promissory note dated March 14, 2012.
	During the quarter ended June 30, 2014, the Company issued 61,427,449 common stocks as a result of the partial conversion of US$55,110 of the unsecured promissory note dated March 14, 2012.
	During the quarter ended September 30, 2014, the Company issued 250,610,874 common stocks as a result of the conversion of US$45,065 of unsecured promissory notes dated March 14, 2012, May 2, 2012 and November 2, 2012.
	During the quarter ended September 30, 2014, the Company issued 168,636,362 common shares for $164,366 (US$154,000) previously accrued consulting fee payable to related parties. Of the share issued, 105,000,000 were issued at $0.0008 per common shares and 63,636,362 were issued at $0.0011 per common shares.
	As of September 30, 2014, there are no share options or warrants outstanding.

Subsequent_Events

Subsequent Events	3 Months Ended
	Sep. 30, 2014
Subsequent Events [Abstract]
Subsequent Events	Note 9 – Subsequent events
	On November 18, 2014, the Company entered into a securities purchase agreement to issue an unsecured convertible promissory note with a principal amount of US$18,000 (C$20,349). This promissory note bears interest at an annual rate of 8% which is to be paid with principal in full on the maturity date of November 18, 2015. The principal amount of the note together with interest may be converted into shares of common stock, at the par value of $0.001 at the option of the lender at a conversion price equal to sixty percent of the lowest closing price bid during the 18 days prior to the conversion.
	On December 2, 2014, the Company issued 615,000,000 common shares in lieu of payment for consulting fee of $69,655 (US$61,500), payable to related parties at $0.0001 per common share.
	On December 8, 2014, the Company issued 15,000,000 common shares in lieu of payment for investor relations and marketing services of US$4,500 at $0.0003 per common share.
	On December 10, 2014, the Company’s shareholders issue a written consent to approve, effective on December 10, 2014, the reverse split of the Company’s common stock on a ratio of 1 new share for each 100 old shares. Subsequent to the reverse split, the Company had 14,873,382 common shares outstanding on December 10, 2014.
	On February 20, 2015, the Company issued a convertible debenture for the gross proceed of US$25,000. The debenture matures on February 20, 2016. The terms of the debenture requires the Company to pay the debenture investor a principal sum of US$37,500 with 8% annual interest upon maturity.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation
	The Company’s interim consolidated financial statements included herein are prepared under the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America. These interim consolidated financial statements include the Company’s subsidiary, Golden Global Mining Corporation, and 100 percent of its assets, liabilities and net income or loss. All inter-company accounts and transactions have been eliminated.
	While the information presented in the accompanying interim three months consolidated financial statements is unaudited, it includes all adjustments, which are, in the opinion of management, necessary to present fairly the financial position, results of operation and cash flows for the interim periods presented. All adjustments are of a normal recurring nature. Operating results for the period ended September 30, 2014 are not necessarily indicative of the results that can be expected for the year ended June 30, 2015.
Recent Accounting Pronouncements	Recent Accounting Pronouncements
	In May 2014, the Financial Accounting Standards Board issued Accounting Standards Update (“ASU”) 2014-9, “Revenue from Contracts with Customers: Topic 606”(“ASU 2014-9”). ASU 2014-9 is intended to enhance comparability of revenue recognition practices across entities, industries, jurisdictions, and capital markets, improve disclosure to help users of financial statements better understand the nature, amount, timing, and uncertainty of revenue that is recognized, and provide guidance for transactions that are not currently addressed comprehensively. The standard is effective for fiscal years beginning after December 15, 2016, and interim periods therein, and does not allow for early adoption. Entities have the option of using either a full retrospective or modified retrospective approach for the adoption of the standard. The Company has begun the evaluation of the impact that the standard will have on its consolidated financial statements but has not yet selected a transition method.

Property_and_Equipment_Tables

Property and Equipment (Tables)	3 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]
Property Plant and Equipment			Cost		Accumulated		Net Book
					Depreciation		Value
	Furniture and fixtures	$	2,345	$	1,640	$	705
	Mining equipment		258,938		145,952		112,986
	Computers		1,063		1,010		53
		$	262,346	$	148,602	$	113,744
	As at June 30, 2014
			Cost		Accumulated		Net Book
					Depreciation		Value
	Furniture and fixtures	$	2,345	$	1,522	$	823
	Mining equipment		258,938		133,006		125,932
	Computers		1,063		957		106
		$	262,346	$	135,485	$	126,861

Due_to_Related_Parties_Details

Due to Related Parties (Details Narrative) (USD $)	3 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Related Party Transactions [Abstract]
Consulting Fees	$216,600