Document_And_Entity_Informatio
Document And Entity Information (USD $) | 9 Months Ended | |
Mar. 31, 2014 | 14-May-14 | |
Document and Entity Information [Abstract] | ' | ' |
Entity Registrant Name | 'Idaho North Resources Corp. | ' |
Document Type | '10-Q | ' |
Current Fiscal Year End Date | '--06-30 | ' |
Entity Common Stock, Shares Outstanding | ' | 11,834,333 |
Entity Public Float | ' | $0 |
Amendment Flag | 'false | ' |
Entity Central Index Key | '0001543395 | ' |
Entity Current Reporting Status | 'Yes | ' |
Entity Voluntary Filers | 'No | ' |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Well-known Seasoned Issuer | 'No | ' |
Document Period End Date | 31-Mar-14 | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Balance_Sheets
Balance Sheets (USD $) | Mar. 31, 2014 | Jun. 30, 2013 |
Current Assets | ' | ' |
Cash | $324,920 | $83,229 |
Accounts receivable | 20,000 | ' |
Prepaid insurance | 1,297 | ' |
Total Current Assets | 346,217 | 83,229 |
Mineral properties | 123,000 | 68,000 |
TOTAL ASSETS | 469,217 | 151,229 |
Current Liabilities | ' | ' |
Accounts payable | 17,006 | 1,854 |
Deposits | 12,158 | ' |
Total Liabilities | 29,164 | 1,854 |
Stockholders' Equity | ' | ' |
Preferred stock, $0.05 par value, 10,000,000 shares authorized, 0 outstanding as of March 31, 2014 and June 30, 2013 | 0 | 0 |
Common stock, $0.01 par value, 100,000,000 common shares authorized, 11,834,333 and 7,661,000 shares outstanding as of March 31, 2014 and June 30, 2013, respectively | 118,343 | 76,610 |
Additional paid-in capital | 707,455 | 296,865 |
Accumulated deficit during exploration stage | -385,745 | -224,100 |
Total Stockholders' Equity | 440,053 | 149,375 |
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY | $469,217 | $151,229 |
Balance_Sheets_Parentheticals
Balance Sheets (Parentheticals) (USD $) | Mar. 31, 2014 | Jun. 30, 2013 |
Preferred stock, par value (in Dollars per share) | $0.05 | $0.05 |
Preferred stock, authorized | 10,000,000 | 10,000,000 |
Preferred stock, outstanding | 0 | 0 |
Common stock, authorized | 100,000,000 | 100,000,000 |
Common stock, par value (in Dollars per share) | $0.01 | $0.01 |
Common stock, outstanding | 11,834,333 | 7,661,000 |
Statements_of_Operations_Unaud
Statements of Operations (Unaudited) (USD $) | 1 Months Ended | 9 Months Ended | 86 Months Ended | ||
Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | |
REVENUE EARNED DURING EXPLORATION STAGE: | ' | ' | ' | ' | ' |
Exploration services income | $7,841 | ' | $7,841 | ' | $7,841 |
Operating Expenses | ' | ' | ' | ' | ' |
Exploration services expense | 7,129 | ' | 7,129 | ' | 7,129 |
Other exploration expenditures | 11,541 | 1,218 | 36,004 | 49,094 | 155,472 |
General and administrative expenses | 45,739 | 15,887 | 126,353 | 35,707 | 230,985 |
Total Operating Expenses | 64,409 | 17,105 | 169,486 | 84,801 | 393,586 |
Loss from Operations | -56,568 | -17,105 | -161,645 | -84,801 | -385,745 |
Net Loss | ($56,568) | ($17,105) | ($161,645) | ($84,801) | ($385,745) |
Net Loss per Common Share | ' | ' | ' | ' | ' |
Basic and diluted (in Dollars per share) | ($0.01) | $0 | ($0.02) | ($0.01) | ' |
Weighted average number of common shares outstanding | ' | ' | ' | ' | ' |
Basic and diluted (in Shares) | 8,676,091 | 7,632,667 | 8,161,630 | 7,457,807 | ' |
Statements_of_Cash_Flows_Unaud
Statements of Cash Flows (Unaudited) (USD $) | 9 Months Ended | 12 Months Ended | 86 Months Ended | |
Mar. 31, 2014 | Mar. 31, 2013 | Jun. 30, 2013 | Mar. 31, 2014 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ' | ' | ' | ' |
Net loss for the period | ($161,645) | ($84,801) | ' | ($385,745) |
Adjustments to reconcile net (loss) to net cash used in operating activities : | ' | ' | ' | ' |
Shares issued as compensation | 50,000 | ' | ' | 96,500 |
Changes in operating assets and liabilities: | ' | ' | ' | ' |
Accounts receivable | -20,000 | ' | ' | -20,000 |
Prepaid insurance | -1,297 | ' | ' | -1,297 |
Accounts payable and deposits | 27,310 | -3,166 | ' | 29,164 |
Cash used in operating activities | -105,632 | -87,967 | ' | -281,378 |
CASH FLOWS FROM INVESTING ACTIVITIES | ' | ' | ' | ' |
Acquisition of mineral properties | -25,000 | -21,000 | ' | -46,000 |
Cash used in investing activities | -25,000 | -21,000 | ' | -46,000 |
CASH FLOWS FROM FINANCING ACTIVITIES | ' | ' | ' | ' |
Issuances of common stock | 404,000 | 132,500 | ' | 734,500 |
Share issuance cost | -31,677 | -23,075 | ' | -82,202 |
Cash provided by financing activities | 372,323 | 109,425 | ' | 652,298 |
Increase in cash and cash equivalents | 241,691 | 458 | ' | 324,920 |
Cash, beginning of period | 83,229 | 121,410 | 121,410 | ' |
Cash, end of period | 324,920 | 121,868 | 83,229 | 324,920 |
Common stock issued for mineral property acquisitions | $30,000 | $35,000 | $5,000 | $77,000 |
1_NATURE_AND_CONTINUANCE_OF_OP
1. NATURE AND CONTINUANCE OF OPERATIONS | 9 Months Ended |
Mar. 31, 2014 | |
Nature of Operations [Abstract] | ' |
Nature of Operations [Text Block] | ' |
1. NATURE AND CONTINUANCE OF OPERATIONS | |
Idaho North Resources Corporation ("the Company") was incorporated under the laws of Idaho in 2007. The Company is engaged primarily in acquiring prospective precious metals mining properties in the western United States. The Company is an Exploration Stage Company, as defined by Accounting Standards Codification 915, Exploration Stage Entities. | |
2_BASIS_OF_PRESENTATION
2. BASIS OF PRESENTATION | 9 Months Ended |
Mar. 31, 2014 | |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Abstract] | ' |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | ' |
2. BASIS OF PRESENTATION | |
These interim financial statements have been prepared in accordance with generally accepted accounting principles in the United States ("US GAAP") and should be read in conjunction with the annual financial statements for the fiscal year ended June 30, 2013. The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America requires the use of estimates and assumptions that affect the reported amounts of assets and liabilities at the dates of the financial statements, and the reported amounts of revenues and expenses during the reporting period. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. Actual results could differ from these estimates and assumptions and could have a material effect on the Company's reported financial position and results of operations. Notes to the financial statements which would substantially duplicate the disclosure contained in the audited financial statements for the most recent fiscal year 2013 as reported in Form 10-K, have been omitted. Results of operations for the three and nine month periods ended March 31, 2014 are not necessarily indicative of the results expected for the fiscal year ending June 30, 2014. | |
Revenue Recognition | |
Revenue received from exploration contracts with third parties is recognized when the contract has been established, the services are rendered and collection of payment is deemed probable. | |
3_GOING_CONCERN
3. GOING CONCERN | 9 Months Ended |
Mar. 31, 2014 | |
Going Concern Note [Abstract] | ' |
Going Concern Note | ' |
3. GOING CONCERN | |
As shown in the accompanying interim financial statements, the Company had a net loss of $56,568 and $161,645 for the three and nine months ended March 31, 2014, respectively, and an accumulated deficit. There is substantial doubt about the Company's ability to continue as a going concern. | |
The Company intends to raise additional capital either through debt or equity financing. The interim financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. | |
4_EARNINGS_PER_SHARE
4. EARNINGS PER SHARE | 9 Months Ended |
Mar. 31, 2014 | |
Earnings Per Share [Abstract] | ' |
Earnings Per Share [Text Block] | ' |
4. EARNINGS PER SHARE | |
For the three and nine month periods ended March 31, 2014, the effect of the Company's potential issue of 2,129,167 shares from the exercise of 3,591,667 outstanding warrants would have been anti-dilutive (see note 6). Accordingly, only basic net loss per share has been presented. | |
5_CENTRAL_NEVADA_EXPLORATION_A
5. CENTRAL NEVADA EXPLORATION ALLIANCE | 9 Months Ended |
Mar. 31, 2014 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
Collaborative Arrangement Disclosure [Text Block] | ' |
5. CENTRAL NEVADA EXPLORATION ALLIANCE | |
In the first quarter of 2014, the Company completed a private placement and signed a letter of intent to enter into an exploration alliance with Coeur Mining Inc. ("Coeur"). Coeur purchased 1,333,333 units at $0.15 per unit, for a total of $200,000. Each unit consists of one common share and a warrant. Two warrants plus $0.30 allow Coeur to purchase one common share. The warrants expire in March 2017. The letter of intent calls for Coeur to fund a central Nevada exploration program for a 3-year period. Coeur will pay certain consulting and field-related exploration costs associated with the exploration program, along with an administrative fee equal to 10 percent of actual expenditures. Coeur has an earn-in option to acquire interests in certain precious metals properties staked by the Company, provided Coeur funds certain development related-expenditures and meets certain milestones for preparing technical reports and economic analyses pertaining to the applicable properties. For the period ending March 31, 2014, the Company invoiced Coeur for actual exploration costs and administrative fees of $7,841, plus a $12,158 advance on future exploration costs. | |
6_STOCKHOLDERS_EQUITY_COMMON_S
6. STOCKHOLDERS' EQUITY, COMMON STOCK AND WARRANTS | 9 Months Ended | ||||||||||||
Mar. 31, 2014 | |||||||||||||
Stockholders' Equity Note [Abstract] | ' | ||||||||||||
Stockholders' Equity Note Disclosure [Text Block] | ' | ||||||||||||
6. COMMON STOCK AND WARRANTS | |||||||||||||
a) | Common Stock: | ||||||||||||
In July 2013, the Company issued 100,000 common shares pursuant to a mining lease agreement at a fair value, based on the most recent sale of common shares, of $0.10 per share. The Company accounted for $10,000 as mineral properties. | |||||||||||||
In October 2013, the Company issued 200,000 common shares for services at a fair value, based on the most recent sale of common shares, of $0.10 per share. | |||||||||||||
In November 2013, the Company issued 200,000 common shares pursuant to a mining lease agreement at a fair value, based on the most recent sale of common shares, of $0.10 per share. The Company accounted for $20,000 as mineral properties. | |||||||||||||
During the nine months ended March 31, 2014, the Company sold 2,040,000 common shares at $0.10 per share for proceeds of $204,000. | |||||||||||||
In March 2014, the Company issued 300,000 common shares for services at a fair value, based on the most recent sale of common shares, of $0.10 per share. | |||||||||||||
In March 2014, the Company sold 1,333,333 common shares at $0.15 per share for proceeds of $200,000 (see note 5). | |||||||||||||
b) Warrants | |||||||||||||
Number of | Equivalent | Weighted Average | |||||||||||
Warrants | Common Shares | Exercise Price* | |||||||||||
Outstanding at June 30, 2012 | 1,600,000 | 800,000 | $ | 0.25 | |||||||||
Issued | 1,325,000 | 662,500 | 0.25 | ||||||||||
Exercised | - | - | - | ||||||||||
Expired | - | - | - | ||||||||||
Outstanding at June 30, 2013 | 2,925,000 | 1,462,500 | $ | 0.25 | |||||||||
Issued | 666,667 | 666,667 | 0.3 | ||||||||||
Exercised | - | - | - | ||||||||||
Expired | - | - | - | ||||||||||
Outstanding at March 31, 2014 | 3,591,667 | 2,129,167 | $ | 0.26 | |||||||||
The warrants that are issued and outstanding as at March 31, 2014 are as follows: | |||||||||||||
Equivalent | Exercise | Expiration | |||||||||||
Common Shares | Price* | Date | |||||||||||
1,462,500 | $0.25 | 1-Mar-15 | |||||||||||
666,667 | 0.30 | 4-Mar-17 | |||||||||||
*For the warrants outstanding as of June 30, 2013, two warrants plus $0.25 will allow the holder to acquire one share of common stock. For the warrants issued after June 30, 2013, one warrant plus $0.30 will allow the holder to acquire one share of common stock. | |||||||||||||
7_MINERAL_PROPERTY_COMMITMENTS
7. MINERAL PROPERTY COMMITMENTS - RELATED PARTY (Under Review) | 9 Months Ended | ||||||||
Mar. 31, 2014 | |||||||||
Mineral Industries Disclosures Related Pary [Abstract] | ' | ||||||||
Mineral Industries Disclosures Related Pary | ' | ||||||||
7. MINERAL PROPERTY COMMITMENTS - RELATED PARTY | |||||||||
For the following properties, the related party is a shareholder (not an officer or director) who exercises voting rights over 9.6% percent of the Company's common stock. The Company has satisfied its work commitments for the first and second lease years on all three properties. Work commitments include, but are not limited to, annual claim fees, exploration, mapping, sampling, and administration costs. | |||||||||
Klondike North Property. On October 24, 2011, the Company entered into an Exploration and Mining Lease and Option to Purchase Agreement for the Klondike North Property, which consists of 12 unpatented lode-mining claims located on Bureau of Land Management lands in the Klondike Mining District, Esmerelda County, Nevada. The Company has the right to conduct all customary mineral exploration activities in return for the following commitments: | |||||||||
Advanced Royalty Payments | |||||||||
Date | Payment Amount | Common Shares | |||||||
Upon execution of Agreement | $ | - | 500,000 | ||||||
First Anniversary of the Agreement | 10,000 | - | |||||||
Second Anniversary of the Agreement | 20,000 | * | - | ||||||
Third Anniversary of the Agreement | 30,000 | - | |||||||
Fourth Anniversary of the Agreement | 40,000 | - | |||||||
Fifth through the tenth Anniversary | 50,000 | - | |||||||
Eleventh Anniversary and thereafter | 100,000 | - | |||||||
The Company valued the 500,000 shares issued for the above acquisition of mineral rights at $0.02, based on the most recent sale of common shares, and recorded $10,000 as mineral property in the fiscal year ended June 30, 2012. | |||||||||
*The Company, with agreement from the sellers, satisfied its Second Anniversary obligation with 200,000 shares of common stock issued with a fair value of $0.10 per share in the nine months ended March 31, 2014. | |||||||||
Work Commitment | |||||||||
Lease Year | Amount | ||||||||
First Lease Year | $ | 5,000 | |||||||
Second Lease Year | 25,000 | ||||||||
Third Lease Year | 50,000 | ||||||||
Fourth Lease Year | 75,000 | ||||||||
Fifth Lease Year and thereafter | 100,000 | ||||||||
Divide Property. On February 21, 2012, the Company entered into an Exploration and Mining Lease and Option to Purchase Agreement for the Divide Property, which consists of 10 unpatented lode-mining claims located on Bureau of Land Management lands in the Divide Mining District, Esmerelda County, Nevada. The Company has the right to conduct all customary mineral exploration activities in return for the following commitments: | |||||||||
Advanced Royalty Payments | |||||||||
Date | Payment Amount | Common Shares | |||||||
Upon execution of Agreement | $ | - | 100,000 | ||||||
First Anniversary of the Agreement | 10,000 | * | - | ||||||
Second Anniversary of the Agreement | 20,000 | - | |||||||
Third Anniversary of the Agreement | 30,000 | - | |||||||
Fourth Anniversary of the Agreement | 40,000 | - | |||||||
Fifth Anniversary and thereafter | 50,000 | - | |||||||
The Company valued the 100,000 shares issued for the above acquisition of mineral rights at $0.02, based on the most recent sale of common shares, and recorded $2,000 as mineral property in the fiscal year ended June 30, 2012. | |||||||||
*The Company, with agreement from the sellers, satisfied its First Anniversary obligation with a $5,000 payment in cash and 50,000 shares of common stock issued with a fair value of $0.10 per share in the fiscal year ended June 30, 2013. | |||||||||
Work Commitment | |||||||||
Lease Year | Amount | ||||||||
First Lease Year | $ | 5,000 | |||||||
Second Lease Year | 25,000 | ||||||||
Third Lease Year | 50,000 | ||||||||
Fourth Lease Year | 75,000 | ||||||||
Fifth Lease Year and thereafter | 100,000 | ||||||||
Eagleville Property. On July 27, 2012, the Company entered into an Exploration and Mining Lease and Option to Purchase Agreement for the Eagleville Property, which consists of 58 unpatented lode-mining claims located on Bureau of Land Management lands in the Eagleville Mining District, Mineral County, Nevada. The Company has the right to conduct all customary mineral exploration activities in return for the following commitments: | |||||||||
Advanced Royalty Payments | |||||||||
Date | Payment Amount | Common Shares | |||||||
Upon execution of Agreement | $ | 6,000 | 300,000 | ||||||
On or prior to the 1st Anniversary of the Agreement | 15,000 | * | 150,000 | ||||||
On or prior to the 2nd Anniversary of the Agreement | 20,000 | 150,000 | |||||||
On or prior to the 3rd Anniversary of the Agreement | 30,000 | - | |||||||
On or prior to the 4th Anniversary of the Agreement | 40,000 | - | |||||||
On or prior to the 5th through the 10th Anniversary | 50,000 | - | |||||||
On or prior to the 11th Anniversary and thereafter | 100,000 | - | |||||||
The Company valued the 300,000 shares issued for the above acquisition of mineral rights at $0.10, based on the most recent sale of common shares, and recorded $30,000 as mineral property in the fiscal year ended June 30, 2013. | |||||||||
*The Company, with agreement from the sellers, satisfied its First Anniversary obligation with a $5,000 payment in cash and 100,000 shares of common stock issued with a fair value of $0.10 per share in the nine months ended March 31, 2014. | |||||||||
Work Commitment | |||||||||
Lease Year | Amount | ||||||||
First Lease Year | $ | 5,000 | |||||||
Second Lease Year | 10,000 | ||||||||
Third Lease Year | 25,000 | ||||||||
Fourth Lease Year | 50,000 | ||||||||
Fifth Lease Year and thereafter | 100,000 | ||||||||
6_STOCKHOLDERS_EQUITY_COMMON_S1
6. STOCKHOLDERS' EQUITY, COMMON STOCK AND WARRANTS (Tables) | 9 Months Ended | 21 Months Ended | ||||||||||||||
Mar. 31, 2014 | Mar. 31, 2014 | |||||||||||||||
Stockholders' Equity Note [Abstract] | ' | ' | ||||||||||||||
Schedule of Warrant Activity | ' | ' | ||||||||||||||
Number of | Equivalent | Weighted Average | ||||||||||||||
Warrants | Common Shares | Exercise Price* | ||||||||||||||
Outstanding at June 30, 2012 | 1,600,000 | 800,000 | $ | 0.25 | ||||||||||||
Issued | 1,325,000 | 662,500 | 0.25 | |||||||||||||
Exercised | - | - | - | |||||||||||||
Expired | - | - | - | |||||||||||||
Outstanding at June 30, 2013 | 2,925,000 | 1,462,500 | $ | 0.25 | ||||||||||||
Issued | 666,667 | 666,667 | 0.3 | |||||||||||||
Exercised | - | - | - | |||||||||||||
Expired | - | - | - | |||||||||||||
Outstanding at March 31, 2014 | 3,591,667 | 2,129,167 | $ | 0.26 | ||||||||||||
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block] | ' | ' | ||||||||||||||
Equivalent | Exercise | Expiration | ||||||||||||||
Common Shares | Price* | Date | ||||||||||||||
1,462,500 | $0.25 | 1-Mar-15 | ||||||||||||||
666,667 | 0.30 | 4-Mar-17 |
7_MINERAL_PROPERTY_COMMITMENTS1
7. MINERAL PROPERTY COMMITMENTS - RELATED PARTY (Under Review) (Tables) | 3 Months Ended | 9 Months Ended | ||||||||||||
Mar. 31, 2014 | Mar. 31, 2014 | |||||||||||||
Mineral Industries Disclosures Related Pary [Abstract] | ' | ' | ||||||||||||
Schedule of Advanced Royalty Payments - Klondike North Property | ' | ' | ||||||||||||
Date | Payment Amount | Common Shares | ||||||||||||
Upon execution of Agreement | $ | - | 500,000 | |||||||||||
First Anniversary of the Agreement | 10,000 | - | ||||||||||||
Second Anniversary of the Agreement | 20,000 | * | - | |||||||||||
Third Anniversary of the Agreement | 30,000 | - | ||||||||||||
Fourth Anniversary of the Agreement | 40,000 | - | ||||||||||||
Fifth through the tenth Anniversary | 50,000 | - | ||||||||||||
Eleventh Anniversary and thereafter | 100,000 | - | ||||||||||||
Schedule of Work Commitment - Klondike North Property | ' | ' | ||||||||||||
Lease Year | Amount | |||||||||||||
First Lease Year | $ | 5,000 | ||||||||||||
Second Lease Year | 25,000 | |||||||||||||
Third Lease Year | 50,000 | |||||||||||||
Fourth Lease Year | 75,000 | |||||||||||||
Fifth Lease Year and thereafter | 100,000 | |||||||||||||
Schedule of Advanced Royalty Payment Divide Property | ' | ' | ||||||||||||
Date | Payment Amount | Common Shares | ||||||||||||
Upon execution of Agreement | $ | - | 100,000 | |||||||||||
First Anniversary of the Agreement | 10,000 | * | - | |||||||||||
Second Anniversary of the Agreement | 20,000 | - | ||||||||||||
Third Anniversary of the Agreement | 30,000 | - | ||||||||||||
Fourth Anniversary of the Agreement | 40,000 | - | ||||||||||||
Fifth Anniversary and thereafter | 50,000 | - | ||||||||||||
Schedule of Work Commitment - Divide Property | ' | ' | ||||||||||||
Lease Year | Amount | |||||||||||||
First Lease Year | $ | 5,000 | ||||||||||||
Second Lease Year | 25,000 | |||||||||||||
Third Lease Year | 50,000 | |||||||||||||
Fourth Lease Year | 75,000 | |||||||||||||
Fifth Lease Year and thereafter | 100,000 | |||||||||||||
Schedule of Advanced Royalty Payments on Eagleville Property | ' | ' | ||||||||||||
Date | Payment Amount | Common Shares | ||||||||||||
Upon execution of Agreement | $ | 6,000 | 300,000 | |||||||||||
On or prior to the 1st Anniversary of the Agreement | 15,000 | * | 150,000 | |||||||||||
On or prior to the 2nd Anniversary of the Agreement | 20,000 | 150,000 | ||||||||||||
On or prior to the 3rd Anniversary of the Agreement | 30,000 | - | ||||||||||||
On or prior to the 4th Anniversary of the Agreement | 40,000 | - | ||||||||||||
On or prior to the 5th through the 10th Anniversary | 50,000 | - | ||||||||||||
On or prior to the 11th Anniversary and thereafter | 100,000 | - | ||||||||||||
Schedule of Work Commitment on Eagleville Property | ' | ' | ||||||||||||
Lease Year | Amount | |||||||||||||
First Lease Year | $ | 5,000 | ||||||||||||
Second Lease Year | 10,000 | |||||||||||||
Third Lease Year | 25,000 | |||||||||||||
Fourth Lease Year | 50,000 | |||||||||||||
Fifth Lease Year and thereafter | 100,000 |
3_GOING_CONCERN_Details
3. GOING CONCERN (Details) (USD $) | 1 Months Ended | 3 Months Ended | 9 Months Ended | 86 Months Ended | ||
Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | |
Going Concern Note [Abstract] | ' | ' | ' | ' | ' | ' |
Net Income (Loss) Attributable to Parent | ($56,568) | ($17,105) | ($56,568) | ($161,645) | ($84,801) | ($385,745) |
4_EARNINGS_PER_SHARE_Details
4. EARNINGS PER SHARE (Details) | 3 Months Ended | ||
Mar. 31, 2014 | Jun. 30, 2013 | Jun. 30, 2012 | |
Earnings Per Share [Abstract] | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 2,129,167 | ' | ' |
Class of Warrant or Right, Outstanding | 3,591,667 | 2,925,000 | 1,600,000 |
5_CENTRAL_NEVADA_EXPLORATION_A1
5. CENTRAL NEVADA EXPLORATION ALLIANCE (Details) (USD $) | 1 Months Ended | 3 Months Ended | 9 Months Ended | 86 Months Ended | |
Mar. 31, 2014 | Jun. 30, 2013 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' | ' | ' | ' | ' |
Units Issued During Period, Shares, Issued for Cash | $1,333,333 | ' | $1,333,333 | ' | ' |
Subsidiary or Equity Method Investee, Price-Per-Share | $0.15 | ' | $0.15 | $0.15 | $0.15 |
Units Issued During Period, Value, Issued for Cash | 200,000 | ' | 200,000 | ' | ' |
Units, Description | ' | ' | 1 | ' | ' |
Warrants, Number Needed to Redeem for a Single Share | ' | 2 | 2 | 1 | ' |
Class of Warrant or Right, Exercise Price of Warrants or Rights | 0.3 | ' | 0.3 | 0.3 | 0.3 |
Exploration Services Incom | 7,841 | ' | 7,841 | 7,841 | 7,841 |
Advances for Exploration Development and Production Cost | ($12,158) | ' | ($12,158) | ($12,158) | ($12,158) |
6_STOCKHOLDERS_EQUITY_COMMON_S2
6. STOCKHOLDERS' EQUITY, COMMON STOCK AND WARRANTS (Details) (USD $) | 1 Months Ended | 2 Months Ended | 3 Months Ended | 4 Months Ended | 9 Months Ended | 11 Months Ended | 12 Months Ended | 86 Months Ended | |||||||
Mar. 31, 2014 | Nov. 30, 2013 | Oct. 31, 2013 | Jun. 30, 2013 | Dec. 31, 2011 | Mar. 31, 2014 | Sep. 30, 2013 | Jun. 30, 2012 | Mar. 31, 2014 | Mar. 31, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2014 | Mar. 30, 2014 | Jun. 29, 2013 | |
Stockholders' Equity Note [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Issued During Period, Shares, Acquisitions | ' | 200,000 | ' | ' | 500,000 | 100,000 | 100,000 | 100,000 | 200,000 | ' | 300,000 | 50,000 | ' | ' | ' |
Share Price | $0.10 | $0.10 | $0.10 | $0.10 | $0.02 | $0.10 | $0.10 | $0.02 | $0.10 | ' | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 |
Stock Issued During Period, Value, Acquisitions | ' | $20,000 | ' | ' | $10,000 | ' | $10,000 | $2,000 | $30,000 | $35,000 | $30,000 | $5,000 | $77,000 | ' | ' |
Stock Issued During Period, Shares, Issued for Services | 300,000 | ' | 200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Issued During Period, Shares, Issued for Cash | ' | ' | ' | ' | ' | 2,040,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Issued During Period, Value, Issued for Cash | ' | ' | ' | ' | ' | 204,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Units Issued During Period, Shares, Issued for Cash | $1,333,333 | ' | ' | ' | ' | $1,333,333 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Sale of Stock, Price Per Share | $0.15 | ' | ' | ' | ' | $0.15 | ' | ' | $0.15 | ' | ' | ' | $0.15 | ' | ' |
Units Issued During Period, Value, Issued for Cash | 200,000 | ' | ' | ' | ' | 200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Warrants, Number Needed to Redeem for a Single Share | ' | ' | ' | 2 | ' | 2 | ' | ' | 1 | ' | ' | ' | ' | ' | ' |
Investment Warrants, Exercise Price | ' | ' | ' | $0.25 | ' | ' | ' | ' | $0.30 | ' | ' | ' | ' | ' | ' |
6_STOCKHOLDERS_EQUITY_COMMON_S3
6. STOCKHOLDERS' EQUITY, COMMON STOCK AND WARRANTS (Details) - Warrants | Mar. 31, 2014 | Jun. 30, 2013 | Jun. 30, 2012 |
Warrants [Abstract] | ' | ' | ' |
Outstanding | 3,591,667 | 2,925,000 | 1,600,000 |
Outstanding | 2,129,167 | 1,462,500 | 800,000 |
Issued | ' | 666,667 | 1,325,000 |
Issued | 1,462,500 | 666,667 | 662,500 |
6_STOCKHOLDERS_EQUITY_COMMON_S4
6. STOCKHOLDERS' EQUITY, COMMON STOCK AND WARRANTS (Details) - Summation of Issued and Outstanding Warrants (USD $) | 9 Months Ended | |||
Mar. 31, 2014 | Mar. 31, 3014 | Jun. 30, 2013 | Jun. 30, 2012 | |
Summation of Issued and Outstanding Warrants [Abstract] | ' | ' | ' | ' |
Equivalent Common Shares | 1,462,500 | ' | 666,667 | 662,500 |
Exercise Price | ' | $0.25 | ' | ' |
Expiration Date | 1-Mar-15 | ' | ' | ' |
7_MINERAL_PROPERTY_COMMITMENTS2
7. MINERAL PROPERTY COMMITMENTS - RELATED PARTY (Under Review) (Details) (USD $) | 1 Months Ended | 2 Months Ended | 3 Months Ended | 4 Months Ended | 9 Months Ended | 11 Months Ended | 12 Months Ended | 86 Months Ended | ||||||
Nov. 30, 2013 | Mar. 31, 2012 | Dec. 31, 2011 | Mar. 31, 2014 | Sep. 30, 2013 | Jun. 30, 2012 | Mar. 31, 2014 | Mar. 31, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2014 | Mar. 30, 2014 | Oct. 31, 2013 | Jun. 29, 2013 | |
Mineral Industries Disclosures Related Pary [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity Method Investment, Ownership Percentage | ' | ' | ' | 9.60% | ' | ' | 9.60% | ' | ' | ' | 9.60% | ' | ' | ' |
Lode-Mining Claims | ' | 10 | 12 | ' | ' | ' | ' | ' | 58 | ' | ' | ' | ' | ' |
Stock Issued During Period, Shares, Acquisitions | 200,000 | ' | 500,000 | 100,000 | 100,000 | 100,000 | 200,000 | ' | 300,000 | 50,000 | ' | ' | ' | ' |
Share Price | $0.10 | ' | $0.02 | $0.10 | $0.10 | $0.02 | $0.10 | ' | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 |
Stock Issued During Period, Value, Acquisitions | $20,000 | ' | $10,000 | ' | $10,000 | $2,000 | $30,000 | $35,000 | $30,000 | $5,000 | $77,000 | ' | ' | ' |
Sale of Stock, Price Per Share | ' | ' | ' | $0.15 | ' | ' | $0.15 | ' | ' | ' | $0.15 | ' | ' | ' |
7_MINERAL_PROPERTY_COMMITMENTS3
7. MINERAL PROPERTY COMMITMENTS - RELATED PARTY (Under Review) (Details) - Advanced Royalty Payments (USD $) | 3 Months Ended |
Mar. 31, 2014 | |
Advanced Royalty Payments [Abstract] | ' |
Upon execution of Agreement | $500,000 |
First Anniversary of the Agreement | 10,000 |
Second Anniversary of the Agreement | 20,000 |
Third Anniversary of the Agreement | 30,000 |
Fourth Anniversary of the Agreement | 40,000 |
Fifth through the tenth Anniversary | 50,000 |
Eleventh Anniversary and thereafter | $100,000 |
7_MINERAL_PROPERTY_COMMITMENTS4
7. MINERAL PROPERTY COMMITMENTS - RELATED PARTY (Under Review) (Details) - Work Commitment (USD $) | Mar. 31, 2014 |
Work Commitment [Abstract] | ' |
First Lease Year | $5,000 |
Second Lease Year | 25,000 |
Third Lease Year | 50,000 |
Fourth Lease Year | 75,000 |
Fifth Lease Year and thereafter | $100,000 |
7_MINERAL_PROPERTY_COMMITMENTS5
7. MINERAL PROPERTY COMMITMENTS - RELATED PARTY (Under Review) (Details) - Advanced Royalty Payments (USD $) | 3 Months Ended |
Mar. 31, 2014 | |
Advanced Royalty Payments [Abstract]0 | ' |
Upon execution of Agreement | $500,000 |
First Anniversary of the Agreement | 10,000 |
Second Anniversary of the Agreement | 20,000 |
Third Anniversary of the Agreement | 30,000 |
Fourth Anniversary of the Agreement | 40,000 |
Fifth Anniversary and thereafter | $50,000 |
7_MINERAL_PROPERTY_COMMITMENTS6
7. MINERAL PROPERTY COMMITMENTS - RELATED PARTY (Under Review) (Details) - Work Commitment (USD $) | Mar. 31, 2014 |
Work Commitment [Abstract]0 | ' |
First Lease Year | $5,000 |
Second Lease Year | 25,000 |
Third Lease Year | 50,000 |
Fourth Lease Year | 75,000 |
Fifth Lease Year and thereafter | $100,000 |
7_MINERAL_PROPERTY_COMMITMENTS7
7. MINERAL PROPERTY COMMITMENTS - RELATED PARTY (Under Review) (Details) - Advanced Royalty Payments (USD $) | 3 Months Ended |
Mar. 31, 2014 | |
Advanced Royalty Payments [Abstract]00 | ' |
Upon execution of Agreement | $6,000 |
Upon execution of Agreement (in Shares) | 300,000 |
On or prior to the 1st Anniversary of the Agreement | 15,000 |
On or prior to the 1st Anniversary of the Agreement (in Shares) | 150,000 |
On or prior to the 2nd Anniversary of the Agreement | 20,000 |
On or prior to the 2nd Anniversary of the Agreement (in Shares) | 150,000 |
On or prior to the 3rd Anniversary of the Agreement | 30,000 |
On or prior to the 4th Anniversary of the Agreement | 40,000 |
On or prior to the 5th through the 10th Anniversary | 50,000 |
On or prior to the 11th Anniversary and thereafter | $100,000 |
7_MINERAL_PROPERTY_COMMITMENTS8
7. MINERAL PROPERTY COMMITMENTS - RELATED PARTY (Under Review) (Details) - Work Commitment (USD $) | Mar. 31, 2014 |
Work Commitment [Abstract]00 | ' |
First Lease Year | $5,000 |
Second Lease Year | 25,000 |
Third Lease Year | 50,000 |
Fourth Lease Year | 75,000 |
Fifth Lease Year and thereafter | $100,000 |