Idaho North Resources (IDAH) 10-Q 15 May 14 2014 Q3 Quarterly report Financial data

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