Document_And_Entity_Informatio
Document And Entity Information (USD $) | 3 Months Ended | |
Sep. 30, 2014 | Oct. 31, 2014 | |
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 | ' | 13,244,333 |
Entity Public Float | ' | $0 |
Amendment Flag | 'false | ' |
Entity Central Index Key | '0001543395 | ' |
Entity Current Reporting Status | 'Yes | ' |
Entity Voluntary Filers | 'Yes | ' |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Well-known Seasoned Issuer | 'No | ' |
Document Period End Date | 30-Sep-14 | ' |
Document Fiscal Year Focus | '2015 | ' |
Document Fiscal Period Focus | 'Q1 | ' |
Balance_Sheets
Balance Sheets (USD $) | Sep. 30, 2014 | Jun. 30, 2014 |
Current Assets | ' | ' |
Cash | $210,043 | $310,749 |
Accounts receivable | 34,931 | 49,815 |
Prepaid expenses | 77,858 | 43,006 |
Total Current Assets | 322,832 | 403,570 |
Mineral interests | 159,000 | 123,000 |
TOTAL ASSETS | 481,832 | 526,570 |
Current Liabilities | ' | ' |
Accounts payable | 28,690 | 1,875 |
Deposits | ' | 43,560 |
Total Liabilities | 28,690 | 45,435 |
Stockholders' Equity | ' | ' |
Preferred stock, $0.05 par value, 10,000,000 shares authorized, 0 outstanding as of September 30, 2014 and June 30, 2014, respectively | 0 | 0 |
Common stock, $0.01 par value, 100,000,000 common shares authorized, 13,244,333 and 12,944,333 shares outstanding as of September 30, 2014 and June 30, 2014, respectively | 132,443 | 129,443 |
Additional paid-in capital | 846,592 | 813,592 |
Accumulated deficit | -525,893 | -461,900 |
Total Stockholders' Equity | 453,142 | 481,135 |
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY | $481,832 | $526,570 |
Balance_Sheets_Parentheticals
Balance Sheets (Parentheticals) (USD $) | Sep. 30, 2014 | Jun. 30, 2014 |
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 | 13,244,333 | 12,944,333 |
Statements_of_Operations_Unaud
Statements of Operations (Unaudited) (USD $) | 3 Months Ended | |
Sep. 30, 2014 | Sep. 30, 2013 | |
REVENUE: | ' | ' |
Exploration services income | $78,490 | ' |
Operating Expenses | ' | ' |
Exploration services expense | 71,355 | ' |
Other exploration expenditures | 26,209 | 22,773 |
General and administrative expenses | 44,919 | 34,830 |
Total Operating Expenses | 142,483 | 57,603 |
Loss from Operations | -63,993 | -57,603 |
Net Loss | ($63,993) | ($57,603) |
Net Loss per Common Share | ' | ' |
Basic and diluted (in Dollars per share) | $0 | ($0.01) |
Weighted average number of common shares outstanding | ' | ' |
Basic and diluted (in Shares) | 13,156,290 | 7,729,478 |
Statements_of_Cash_Flows_Unaud
Statements of Cash Flows (Unaudited) (USD $) | 3 Months Ended | 12 Months Ended | |||
Sep. 30, 2014 | Sep. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2013 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ' | ' | ' | ' | ' |
Net loss for the period | ($63,993) | ($57,603) | ' | ' | ' |
Accounts receivable | 14,884 | ' | ' | ' | ' |
Prepaid expenses | -34,852 | -2,593 | ' | ' | ' |
Accounts payable | 26,815 | 17,389 | ' | ' | ' |
Deposits | -43,560 | ' | ' | ' | ' |
Cash used in operating activities | -100,706 | -42,807 | ' | ' | ' |
CASH FLOWS FROM INVESTING ACTIVITIES | ' | ' | ' | ' | ' |
Acquisition of mineral interests | ' | -5,000 | ' | ' | ' |
Cash used in investing activities | ' | -5,000 | ' | ' | ' |
Increase (decrease) in cash | -100,706 | -47,807 | ' | ' | ' |
Cash, beginning of period | 310,749 | 83,229 | 83,229 | ' | ' |
Cash, end of period | 210,043 | 35,422 | 310,749 | 83,229 | 83,229 |
Common stock issued for mineral interests | $36,000 | $10,000 | $5,000 | $5,000 | $30,000 |
1_NATURE_AND_CONTINUANCE_OF_OP
1. NATURE AND CONTINUANCE OF OPERATIONS | 3 Months Ended |
Sep. 30, 2014 | |
Disclosure Text Block [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 and exploring prospective precious metals mining properties in the western United States. | |
2_BASIS_OF_PRESENTATION
2. BASIS OF PRESENTATION | 2 Months Ended |
Sep. 01, 2014 | |
Disclosure Text Block [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, 2014. 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 2014 as reported in Form 10-K, have been omitted. Results of operations for the three months ended September 30, 2014 are not necessarily indicative of the results expected for the fiscal year ending June 30, 2015. | |
3_EARNINGS_PER_SHARE
3. EARNINGS PER SHARE | 3 Months Ended |
Sep. 30, 2014 | |
Earnings Per Share [Abstract] | ' |
Earnings Per Share [Text Block] | ' |
3. EARNINGS PER SHARE | |
For the periods ended September 30, 2014 and 2013, the effect of the Company's potential issue of 3,756,667 and 1,462,500 shares, respectively, from the exercise of outstanding warrants would have been anti-dilutive (see note 5). Accordingly, basic net loss per share is the same as diluted at September 30, 2014 and 2013. | |
4_CENTRAL_NEVADA_EXPLORATION_A
4. CENTRAL NEVADA EXPLORATION ALLIANCE | 6 Months Ended |
Sep. 30, 2014 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
Collaborative Arrangement Disclosure [Text Block] | ' |
4. CENTRAL NEVADA EXPLORATION PROGRAM | |
In the first calendar quarter of 2014, the Company completed a private placement and signed a letter of intent to enter into an exploration program agreement with Coeur Mining Inc. ("Coeur"). The agreement was finalized on October 2, 2014 (note 7). 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 one 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 ended September 30, 2014, the Company recognized exploration service income of $78,490 for exploration costs and administrative fees. | |
5_COMMON_STOCK_AND_WARRANTS
5. COMMON STOCK AND WARRANTS | 3 Months Ended | ||||||||
Sep. 30, 2014 | |||||||||
Stockholders' Equity Note [Abstract] | ' | ||||||||
Stockholders' Equity Note Disclosure [Text Block] | ' | ||||||||
5. 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 interests. | |||||||||
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 October 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 interests. | |||||||||
In March 2014, the Company issued 300,000 common shares for services at a fair value, based on the quoted market price of common shares, of $0.10 per share. | |||||||||
In March 2014, the Company sold 1,333,333 common shares and warrants at $0.15 per unit for proceeds of $200,000 (see note 4). | |||||||||
During the twelve months ended June 30, 2014, the Company sold 3,100,000 common shares and warrants at $0.10 per unit for gross proceeds of $310,000 ($261,060 net of $48,940 in offering costs). 155,000 broker's warrants were issued at the same terms as the private placement. | |||||||||
In June 2014, the Company issued 50,000 common shares for services at a fair value, based on the quoted market price of common shares, of $0.15 per share. | |||||||||
In July 2014, the Company issued 300,000 common shares pursuant to a mining lease agreement at a fair value, based on the quoted market price of common shares, of $0.12 per share. | |||||||||
b) Warrants | |||||||||
Warrants to | Weighted | ||||||||
Purchase | Average | ||||||||
Common Shares | Exercise Price* | ||||||||
Outstanding at June 30, 2013 | 1,462,500 | $ | 0.25 | ||||||
Issued March 2014 | 666,667 | 0.3 | |||||||
Issued June 2014 | 1,627,500 | 0.25 | |||||||
Exercised | - | - | |||||||
Expired | - | - | |||||||
Outstanding at June 30, and | 3,756,667 | $ | 0.26 | ||||||
30-Sep-14 | |||||||||
The warrants that are issued and outstanding as at September 30, 2014 are as follows: | |||||||||
Warrants to | Exercise | Expiration Date | |||||||
Purchase | Price* | ||||||||
Common Shares | |||||||||
1,462,500 | $ | 0.25 | 1-Mar-15 | ||||||
666,667 | 0.3 | 4-Mar-17 | |||||||
1,627,500 | 0.25 | 1-Nov-16 | |||||||
*For the warrants outstanding as of June 30, 2013 and the warrants issued in June 2014, two warrants plus $0.25 will allow the holder to acquire one share of common stock. For the warrants issued in March 2014, two warrants plus $0.30 will allow the holder to acquire one share of common stock. | |||||||||
6_MINERAL_PROPERTY_COMMITMENTS
6. MINERAL PROPERTY COMMITMENTS - RELATED PARTY | 3 Months Ended | ||||||||
Sep. 30, 2014 | |||||||||
Mineral Industries Disclosures Related Pary [Abstract] | ' | ||||||||
Mineral Industries Disclosures Related Pary | ' | ||||||||
6. 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 9.3% percent of the Company's common stock. The Company has satisfied its work commitments 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 | Common | |||||||
Amount | 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 fiscal year ended June 30, 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 | Common | |||||||
Amount | 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 | Common | |||||||
Amount | 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 fiscal year ended June 30, 2014. | |||||||||
**The Company, with agreement from the sellers, satisfied its Second Anniversary obligation with an additional 150,000 shares of common stock issued with a fair value of $0.12 per share in the fiscal year ended June 30, 2015 in lieu of the cash requirement. | |||||||||
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 | ||||||||
7_SUBSEQUENT_EVENTS
7. SUBSEQUENT EVENTS | 3 Months Ended | ||||||||
Sep. 30, 2014 | |||||||||
Subsequent Events [Abstract] | ' | ||||||||
Subsequent Events [Text Block] | ' | ||||||||
7. SUBSEQUENT EVENTS | |||||||||
On October 2, 2014, the Company signed a definitive Exploration Program Agreement (the "Agreement") with Coeur. The Agreement calls for Coeur to fund a Central Nevada Exploration Program within a specified Area of Interest for a three-year period. During the Agreement period, Coeur will have the right to select target properties identified and acquired or appropriated by the Company, and earn up to 80% interest in the target properties by meeting certain minimum investment and other requirements. Prior to selection of any target properties, Coeur will pay certain consulting and field-related costs associated with the Program, along with a 10% administrative fee to the Company. | |||||||||
On October 21, 2014, the Company signed an Earn-In Option Agreement (the "Earn-In") with Coeur for the Klondyke area, Nevada. Pursuant to the terms of the Earn-In, Coeur may exercise its option to acquire an initial 60% interest in the target properties by spending a minimum of $2 million in exploration and development expenses on the target properties over a 3-year period and completing a NI 43-101 compliant Technical Report. Upon completion of the earn-in requirements, the parties will form a limited liability company for purposes of further exploration, development, and mining of the target properties, with Coeur having a 60% membership interest and the Company having a 40% membership interest. During the Earn-In period, Coeur has the option to acquire the Company's entire interest in the target properties, subject to terms of the Earn-In. As operator, the Company will conduct the exploration, development, and related work at the target properties under budgets approved by Coeur. | |||||||||
On October 31, 2014, the Company entered into an Exploration and Mining Lease and Option to Purchase Agreement with a related party for the Green Monster-Danville Property, which consists of 91 unpatented lode-mining claims located on Bureau of Land Management lands in the Danville Mining District, Nye County, Nevada. The related party is a shareholder (not an officer or director) who exercises voting rights over 9.3% percent of the Company's common stock. The Company has the right to conduct all customary mineral exploration activities in return for the following commitments: | |||||||||
Advanced Royalty Payments | |||||||||
Date | Payment | Common | |||||||
Amount | Shares | ||||||||
Upon execution of Agreement | $ | 2,500 | * | - | |||||
First Anniversary of the Agreement | 5,000 | - | |||||||
Second Anniversary of the Agreement | 10,000 | - | |||||||
Third Anniversary of the Agreement | 20,000 | - | |||||||
Fourth Anniversary of the Agreement | 30,000 | - | |||||||
Fifth Anniversary of the Agreement | 40,000 | - | |||||||
Sixth Anniversary through the tenth anniversary | 50,000 | - | |||||||
Eleventh Anniversary through the fifteenth | 75,000 | - | |||||||
Sixteenth Anniversary and thereafter | 100,000 | - | |||||||
*Plus reimbursement of the 2014 -15 BLM Annual Maintenance Fee of $12,245.00 and Nye County Notice to Intent to Hold Fee of $833.50. | |||||||||
Work Commitment | |||||||||
Lease Year | Amount | ||||||||
First Lease Year | $ | 5,000 | |||||||
Second Lease Year | 10,000 | ||||||||
Third Lease Year and thereafter | 50,000 | ||||||||
5_COMMON_STOCK_AND_WARRANTS_Ta
5. COMMON STOCK AND WARRANTS (Tables) | 3 Months Ended | ||||||||
Sep. 30, 2014 | |||||||||
Stockholders' Equity Note [Abstract] | ' | ||||||||
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | ' | ||||||||
Warrants to | Weighted | ||||||||
Purchase | Average | ||||||||
Common Shares | Exercise Price* | ||||||||
Outstanding at June 30, 2013 | 1,462,500 | $ | 0.25 | ||||||
Issued March 2014 | 666,667 | 0.3 | |||||||
Issued June 2014 | 1,627,500 | 0.25 | |||||||
Exercised | - | - | |||||||
Expired | - | - | |||||||
Outstanding at June 30, and | 3,756,667 | $ | 0.26 | ||||||
30-Sep-14 | |||||||||
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block] | ' | ||||||||
Warrants to | Exercise | Expiration Date | |||||||
Purchase | Price* | ||||||||
Common Shares | |||||||||
1,462,500 | $ | 0.25 | 1-Mar-15 | ||||||
666,667 | 0.3 | 4-Mar-17 | |||||||
1,627,500 | 0.25 | 1-Nov-16 |
6_MINERAL_PROPERTY_COMMITMENTS1
6. MINERAL PROPERTY COMMITMENTS - RELATED PARTY (Tables) | 3 Months Ended | ||||||||
Sep. 30, 2014 | |||||||||
Mineral Industries Disclosures Related Pary [Abstract] | ' | ||||||||
Schedule of Advanced Royalty Payments - Klondike North Property | ' | ||||||||
Date | Payment | Common | |||||||
Amount | 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 | Common | |||||||
Amount | 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 | Common | |||||||
Amount | 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 |
7_SUBSEQUENT_EVENTS_Tables
7. SUBSEQUENT EVENTS (Tables) | 3 Months Ended | ||||||||
Sep. 30, 2014 | |||||||||
Subsequent Events [Abstract] | ' | ||||||||
Schedule of Advanced Royalty Payments - Green Monster Danville Property | ' | ||||||||
Date | Payment | Common | |||||||
Amount | Shares | ||||||||
Upon execution of Agreement | $ | 2,500 | * | - | |||||
First Anniversary of the Agreement | 5,000 | - | |||||||
Second Anniversary of the Agreement | 10,000 | - | |||||||
Third Anniversary of the Agreement | 20,000 | - | |||||||
Fourth Anniversary of the Agreement | 30,000 | - | |||||||
Fifth Anniversary of the Agreement | 40,000 | - | |||||||
Sixth Anniversary through the tenth anniversary | 50,000 | - | |||||||
Eleventh Anniversary through the fifteenth | 75,000 | - | |||||||
Sixteenth Anniversary and thereafter | 100,000 | - | |||||||
Schedule of Work Commitment - Green Monster Danville Property | ' | ||||||||
Lease Year | Amount | ||||||||
First Lease Year | $ | 5,000 | |||||||
Second Lease Year | 10,000 | ||||||||
Third Lease Year and thereafter | 50,000 |
3_EARNINGS_PER_SHARE_Details
3. EARNINGS PER SHARE (Details) | 3 Months Ended | |
Sep. 30, 2014 | Sep. 30, 2013 | |
Earnings Per Share [Abstract] | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 3,756,667 | 1,462,500 |
4_CENTRAL_NEVADA_EXPLORATION_A1
4. CENTRAL NEVADA EXPLORATION ALLIANCE (Details) (USD $) | 3 Months Ended | 15 Months Ended | |||||||||||||
Sep. 30, 2014 | Mar. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2015 | Jul. 31, 2014 | Jun. 30, 2014 | Jun. 29, 2014 | Mar. 30, 2014 | Oct. 31, 2013 | Oct. 30, 2013 | Jul. 31, 2013 | Jun. 30, 2013 | Jun. 28, 2013 | Jun. 30, 2012 | Dec. 31, 2011 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Units Issued During Period, Shares, Issued for Cash | ' | $1,333,333 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share Price | ' | $0.15 | ' | $0.12 | $0.12 | $0.10 | $0.15 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.02 | $0.02 |
Units Issued During Period, Value, Issued for Cash | ' | 200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unit - Description | ' | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exploration Services Incom | $78,490 | ' | $78,490 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
5_COMMON_STOCK_AND_WARRANTS_De
5. COMMON STOCK AND WARRANTS (Details) (USD $) | 1 Months Ended | 2 Months Ended | 3 Months Ended | 12 Months Ended | |||||||||||||||||
Jul. 31, 2014 | Jun. 28, 2014 | Jun. 29, 2014 | Jun. 30, 2014 | Mar. 30, 2014 | Mar. 31, 2014 | Oct. 31, 2013 | Jul. 31, 2013 | Dec. 31, 2011 | Sep. 30, 2014 | Sep. 30, 2013 | Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 29, 2013 | Jun. 30, 2013 | Jun. 30, 2012 | Jun. 30, 2012 | Oct. 30, 2013 | Jun. 28, 2013 | |
Stockholders' Equity Note [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Issued During Period, Shares, Acquisitions (in Shares) | 300,000 | ' | ' | ' | ' | ' | 200,000 | 100,000 | 500,000 | ' | ' | 150,000 | 100,000 | 200,000 | ' | 300,000 | 50,000 | ' | 100,000 | ' | ' |
Share Price | $0.12 | ' | $0.15 | $0.10 | $0.10 | $0.15 | $0.10 | $0.10 | $0.02 | ' | ' | $0.12 | $0.10 | $0.10 | $0.10 | ' | $0.10 | $0.02 | $0.02 | $0.10 | $0.10 |
Stock Issued During Period, Value, Acquisitions (in Dollars) | ' | ' | ' | ' | ' | ' | $20,000 | $10,000 | ' | $36,000 | $10,000 | ' | ' | $5,000 | $5,000 | ' | $30,000 | $2,000 | $10,000 | ' | ' |
Stock Issued During Period, Shares, Issued for Services (in Shares) | ' | 50,000 | 155,000 | ' | 300,000 | ' | 200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
(in Shares) | ' | ' | ' | 3,100,000 | ' | 1,333,333 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
(in Dollars) | ' | ' | 310,000 | ' | ' | 200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from Issuance of Common Stock (in Dollars) | ' | ' | 261,060 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Issuance Cost (in Dollars) | ' | ' | $48,940 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair Value Assumptions, Exercise Price | ' | ' | ' | ' | ' | $0.30 | ' | ' | ' | ' | ' | ' | ' | ' | $0.25 | ' | $0.25 | ' | ' | ' | ' |
5_COMMON_STOCK_AND_WARRANTS_De1
5. COMMON STOCK AND WARRANTS (Details) - Warrant Activity | 1 Months Ended | 12 Months Ended | 15 Months Ended | |
Jun. 30, 2014 | Mar. 31, 2014 | Jun. 30, 2013 | Sep. 30, 2014 | |
Warrant Activity [Abstract] | ' | ' | ' | ' |
Outstanding | ' | ' | '1,462,500 | '3,756,667 |
Issued during period | 1,627,500 | 666,667 | ' | ' |
5_COMMON_STOCK_AND_WARRANTS_De2
5. COMMON STOCK AND WARRANTS (Details) - Warrants Outstanding | Mar. 04, 2017 | Nov. 01, 2016 | Mar. 01, 2015 |
Warrants Outstanding [Abstract] | ' | ' | ' |
666,667 | 1,627,500 | 1,462,500 |
6_MINERAL_PROPERTY_COMMITMENTS2
6. MINERAL PROPERTY COMMITMENTS - RELATED PARTY (Details) (USD $) | 1 Months Ended | 2 Months Ended | 3 Months Ended | 12 Months Ended | ||||||||||||||||||
Oct. 31, 2014 | Jul. 31, 2014 | Oct. 31, 2013 | Jul. 31, 2013 | Mar. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2011 | Sep. 30, 2014 | Sep. 30, 2013 | Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 29, 2013 | Jun. 30, 2013 | Jun. 30, 2012 | Jun. 30, 2012 | Jun. 29, 2014 | Mar. 31, 2014 | Mar. 30, 2014 | Oct. 30, 2013 | Jun. 28, 2013 | |
Mineral Industries Disclosures Related Pary [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Lode-Mining Claims | 91 | ' | ' | ' | 10 | 58 | 12 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Issued During Period, Shares, Acquisitions | ' | 300,000 | 200,000 | 100,000 | ' | ' | 500,000 | ' | ' | 150,000 | 100,000 | 200,000 | ' | 300,000 | 50,000 | ' | 100,000 | ' | ' | ' | ' | ' |
Share Price | ' | $0.12 | $0.10 | $0.10 | ' | ' | $0.02 | ' | ' | $0.12 | $0.10 | $0.10 | $0.10 | ' | $0.10 | $0.02 | $0.02 | $0.15 | $0.15 | $0.10 | $0.10 | $0.10 |
Stock Issued During Period, Value, Acquisitions | ' | ' | $20,000 | $10,000 | ' | ' | ' | $36,000 | $10,000 | ' | ' | $5,000 | $5,000 | ' | $30,000 | $2,000 | $10,000 | ' | ' | ' | ' | ' |
6_MINERAL_PROPERTY_COMMITMENTS3
6. MINERAL PROPERTY COMMITMENTS - RELATED PARTY (Details) - Advanced Royalty Payments (USD $) | 60 Months Ended | 132 Months Ended | 193 Months Ended | |
Feb. 20, 2017 | Jul. 26, 2023 | Oct. 23, 2022 | Oct. 31, 2030 | |
Advanced Royalty Payments [Abstract] | ' | ' | ' | ' |
Upon execution of Agreement | $100,000 | $6,000 | $500,000 | $2,500 |
First Anniversary of the Agreement | 10,000 | 15,000 | 10,000 | 5,000 |
Second Anniversary of the Agreement | 20,000 | 20,000 | 20,000 | 10,000 |
Third Anniversary of the Agreement | 30,000 | 30,000 | 30,000 | 20,000 |
Fourth Anniversary of the Agreement | 40,000 | 40,000 | 40,000 | 30,000 |
Fifth through the tenth Anniversary | ' | 50,000 | 50,000 | ' |
Eleventh Anniversary and thereafter | ' | $100,000 | $100,000 | ' |
6_MINERAL_PROPERTY_COMMITMENTS4
6. MINERAL PROPERTY COMMITMENTS - RELATED PARTY (Details) - Work Commitment (USD $) | Jul. 26, 2017 | Feb. 20, 2017 | Oct. 31, 2014 | Jun. 30, 2014 |
Work Commitment [Abstract] | ' | ' | ' | ' |
First Lease Year | $5,000 | $5,000 | $5,000 | $5,000,000,000 |
Second Lease Year | 10,000 | 25,000 | 10,000 | 25,000,000,000 |
Third Lease Year | 25,000 | 50,000 | ' | 50,000,000,000 |
Fourth Lease Year | 50,000 | 75,000 | ' | 75,000,000,000 |
Fifth Lease Year and thereafter | $100,000 | $100,000 | $50,000 | $100,000,000,000 |
6_MINERAL_PROPERTY_COMMITMENTS5
6. MINERAL PROPERTY COMMITMENTS - RELATED PARTY (Details) - Advanced Royalty Payments (USD $) | 60 Months Ended | 132 Months Ended | 193 Months Ended | |
Feb. 20, 2017 | Jul. 26, 2023 | Oct. 23, 2022 | Oct. 31, 2030 | |
Advanced Royalty Payments [Abstract] | ' | ' | ' | ' |
Upon execution of Agreement | $100,000 | $6,000 | $500,000 | $2,500 |
First Anniversary of the Agreement | 10,000 | 15,000 | 10,000 | 5,000 |
Second Anniversary of the Agreement | 20,000 | 20,000 | 20,000 | 10,000 |
Third Anniversary of the Agreement | 30,000 | 30,000 | 30,000 | 20,000 |
Fourth Anniversary of the Agreement | 40,000 | 40,000 | 40,000 | 30,000 |
Fifth Anniversary and thereafter | $50,000 | ' | ' | ' |
6_MINERAL_PROPERTY_COMMITMENTS6
6. MINERAL PROPERTY COMMITMENTS - RELATED PARTY (Details) - Work Commitment (USD $) | Jul. 26, 2017 | Feb. 20, 2017 | Oct. 31, 2014 | Jun. 30, 2014 |
Work Commitment [Abstract] | ' | ' | ' | ' |
First Lease Year | $5,000 | $5,000 | $5,000 | $5,000,000,000 |
Second Lease Year | 10,000 | 25,000 | 10,000 | 25,000,000,000 |
Third Lease Year | 25,000 | 50,000 | ' | 50,000,000,000 |
Fourth Lease Year | 50,000 | 75,000 | ' | 75,000,000,000 |
Fifth Lease Year and thereafter | $100,000 | $100,000 | $50,000 | $100,000,000,000 |
6_MINERAL_PROPERTY_COMMITMENTS7
6. MINERAL PROPERTY COMMITMENTS - RELATED PARTY (Details) - Advanced Royalty Payments (USD $) | 60 Months Ended | 132 Months Ended | 193 Months Ended | |
Feb. 20, 2017 | Jul. 26, 2023 | Oct. 23, 2022 | Oct. 31, 2030 | |
Advanced Royalty Payments [Abstract] | ' | ' | ' | ' |
Upon execution of Agreement | $100,000 | $6,000 | $500,000 | $2,500 |
On or prior to the 1st Anniversary of the Agreement | 10,000 | 15,000 | 10,000 | 5,000 |
On or prior to the 2nd Anniversary of the Agreement | 20,000 | 20,000 | 20,000 | 10,000 |
On or prior to the 3rd Anniversary of the Agreement | 30,000 | 30,000 | 30,000 | 20,000 |
On or prior to the 4th Anniversary of the Agreement | 40,000 | 40,000 | 40,000 | 30,000 |
On or prior to the 5th through the 10th Anniversary | ' | 50,000 | 50,000 | ' |
On or prior to the 11th Anniversary and thereafter | ' | $100,000 | $100,000 | ' |
6_MINERAL_PROPERTY_COMMITMENTS8
6. MINERAL PROPERTY COMMITMENTS - RELATED PARTY (Details) - Work Commitment (USD $) | Jul. 26, 2017 | Feb. 20, 2017 | Oct. 31, 2014 | Jun. 30, 2014 |
Work Commitment [Abstract] | ' | ' | ' | ' |
First Lease Year | $5,000 | $5,000 | $5,000 | $5,000,000,000 |
Second Lease Year | 10,000 | 25,000 | 10,000 | 25,000,000,000 |
Third Lease Year | 25,000 | 50,000 | ' | 50,000,000,000 |
Fourth Lease Year | 50,000 | 75,000 | ' | 75,000,000,000 |
Fifth Lease Year and thereafter | $100,000 | $100,000 | $50,000 | $100,000,000,000 |
7_SUBSEQUENT_EVENTS_Details
7. SUBSEQUENT EVENTS (Details) (USD $) | 1 Months Ended | 2 Months Ended | 3 Months Ended | ||||||
Oct. 31, 2014 | Oct. 21, 2014 | Oct. 31, 2014 | Mar. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2011 | Sep. 30, 2014 | Sep. 30, 2013 | Oct. 02, 2014 | |
Subsequent Events [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity Method Investment, Ownership Percentage | ' | ' | ' | ' | ' | ' | ' | ' | 80.00% |
Exploration Expense, Mining | ' | $2,000,000 | ' | ' | ' | ' | $26,209 | $22,773 | ' |
Lode-Mining Claims | ' | ' | 91 | 10 | 58 | 12 | ' | ' | ' |
Payments to Acquire Royalty Interests in Mining Properties | $833.50 | ' | $12,245 | ' | ' | ' | ' | ' | ' |
7_SUBSEQUENT_EVENTS_Details_Ad
7. SUBSEQUENT EVENTS (Details) - Advanced Royalty Payments (USD $) | 60 Months Ended | 132 Months Ended | 193 Months Ended | |
Feb. 20, 2017 | Jul. 26, 2023 | Oct. 23, 2022 | Oct. 31, 2030 | |
Advanced Royalty Payments [Abstract] | ' | ' | ' | ' |
Upon execution of Agreement | $100,000 | $6,000 | $500,000 | $2,500 |
First Anniversary of the Agreement | 10,000 | 15,000 | 10,000 | 5,000 |
Second Anniversary of the Agreement | 20,000 | 20,000 | 20,000 | 10,000 |
Third Anniversary of the Agreement | 30,000 | 30,000 | 30,000 | 20,000 |
Fourth Anniversary of the Agreement | 40,000 | 40,000 | 40,000 | 30,000 |
Fifth Anniversary of the Agreement | ' | ' | ' | 40,000 |
Sixth Anniversary through the tenth anniversary | ' | ' | ' | 50,000 |
Eleventh Anniversary through the fifteenth | ' | ' | ' | 75,000 |
Sixteenth Anniversary and thereafter | ' | ' | ' | $100,000 |
7_SUBSEQUENT_EVENTS_Details_Wo
7. SUBSEQUENT EVENTS (Details) - Work Commitment (USD $) | Jul. 26, 2017 | Feb. 20, 2017 | Oct. 31, 2014 | Jun. 30, 2014 |
Work Commitment [Abstract] | ' | ' | ' | ' |
First Lease Year | $5,000 | $5,000 | $5,000 | $5,000,000,000 |
Second Lease Year | 10,000 | 25,000 | 10,000 | 25,000,000,000 |
Third Lease Year and thereafter | $100,000 | $100,000 | $50,000 | $100,000,000,000 |