Golden River Resources 10-Q 14 Nov 13 2013 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Sep. 30, 2013	Nov. 12, 2013
Document Information [Line Items]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Sep-13	'
Document Fiscal Year Focus	'2013	'
Document Fiscal Period Focus	'Q1	'
Trading Symbol	'GORV	'
Entity Registrant Name	'GOLDEN RIVER RESOURCES CORP.	'
Entity Central Index Key	'0000814904	'
Current Fiscal Year End Date	'--06-30	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	56,807,283

Consolidated_Balance_Sheets_An

Consolidated Balance Sheets (An Exploration Stage Company) (CAD)	Sep. 30, 2013	Jun. 30, 2013
In Thousands, unless otherwise specified
Current Assets	'	'
Cash	3	656
Investment in marketable security	452	449
Receivables	15	15
Prepaid expenses and deposits	2	1
Total Current Assets	472	1,121
Non-Current Assets	'	'
Advances receivable	142	142
Total Non-Current Assets	142	142
Total Assets	614	1,263
Current Liabilities	'	'
Accounts payable and accrued expenses	144	149
Total Current Liabilities	144	149
Total Liabilities	144	149
Stockholders' Equity:	'	'
Common Stock: $.0001 par value 400,000,000 shares authorized 56,807,408 and 56,807,408 issued and outstanding	5	5
Additional paid-in-capital	52,171	52,171
Less treasury stock at cost, 125 shares	-19	-19
Retained (deficit) during exploration stage	-26,478	-25,834
Retained (deficit) prior to exploration stage	-25,209	-25,209
Total Stockholders' Equity	470	1,114
Total Liabilities and Stockholders' Equity	614	1,263

Consolidated_Balance_Sheets_An1

Consolidated Balance Sheets (An Exploration Stage Company) (Parenthetical) (CAD)	Sep. 30, 2013	Jun. 30, 2013
Common Stock, par value	0.0001	0.0001
Common Stock, shares authorized	400,000,000	400,000,000
Common Stock, issued	56,807,408	56,807,408
Treasury stock, shares	125	125

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (An Exploration Stage Company) (CAD)	3 Months Ended		135 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013
Revenues	0	0	0
Costs and expenses:	'	'	'
Stock based compensation	'	'	2,760
Exploration expenditure	'	'	4,537
Interest expense (income), net	'	'	397
Legal, accounting and professional	19	22	2,152
Administration expenses	45	82	4,447
Total costs and expenses	64	104	14,293
Foreign currency exchange gain/(loss)	2	-3	-550
Loss on sale of equity investment and impairment charge	'	'	-867
Allowance for doubtful debt	-586	'	-2,785
Gain on marketable investment	3	'	299
Other income:	'	'	'
Interest income - net, related entity	'	'	5
- Other	1	'	12
(Loss) from continuing operations before income taxes	-644	-107	-18,179
Benefit for deferred income taxes	'	'	'
Net (loss) from continuing operations	-644	-107	-18,179
Discontinued Operations	'	'	'
Gain on disposal of discontinued operations	'	'	5,542
Equity in profits of unconsolidated entities	'	'	234
Net (loss) from discontinued operations	'	-667	-10,501
Impairment of mineral rights	'	'	-35,583
Adjustment to fair value on stepped acquisition	'	'	7,433
Gain on bargain purchase	'	'	10,305
Net income attributable to non-controlling interests of discontinued operations	'	318	14,182
Net (loss) from discontinued operations	'	-349	-8,388
Net (loss) attributable to Golden River Resources stockholders	-644	-456	-26,567
Other comprehensive income:	'	'	'
Foreign currency translation adjustments	'	'	89
Comprehensive (loss) attributable to Golden River Resources stockholders	-644	-456	-26,478
Amounts attributable to Golden River Resources stockholders: Basic and diluted (loss) per common equivalent share	'	'	'
Net (loss) from continuing operations per share	-0.01	'	-0.99
Net (loss) from discontinued operations per share	'	-0.01	-0.46
Basic and diluted net (loss) per common equivalent shares	-0.01	-0.01	-1.45
Weighted average number of common equivalent shares used per share calculation	56,807	56,807	18,233

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (An Exploration Stage Company) (CAD)	3 Months Ended		135 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013
CASH FLOW FROM OPERATING ACTIVITIES	'	'	'
Net (loss) attributable to Golden River stockholders	-644	-456	-26,567
Adjustments to reconcile net income attributable to Golden River stockholders to net cash (used) in operating activities	'	'	'
Foreign currency exchange (gain)/loss	-2	3	550
Stock based compensation	'	'	2,721
Loss on equity investment	'	'	867
(Loss)/gain on sale /revaluation of marketable investment	-3	'	-299
Allowance for doubtful debt	586	'	2,785
Gain on disposal of discontinued operations	'	'	-5,542
Accrued interest added to principal	'	'	173
Net change net of disposition and acquisition in:	'	'	'
Receivables	'	-252	-860
Staking deposit	'	'	22
Prepaid expenses and deposits	-1	10	-2
Accounts payable and accrued expenses	-5	-115	-50
Net Cash (Used) in Operating Activities	-69	-810	-26,202
CASH FLOW FROM INVESTING ACTIVITIES	'	'	'
Acquisition of majority owned subsidiary, net of cash acquired	'	'	-11,555
Proceeds of disposal of subsidiary (net)	'	'	4,048
Proceeds from sale of marketable securities	'	'	783
Purchase of plant and equipment	'	'	-25
Net Cash (Used) In Investing Activities	'	'	-6,749
CASH FLOW FROM FINANCING ACTIVITIES	'	'	'
Borrowings from affiliates	65	461	6,458
Advances and repayments to affiliates	-651	'	-8,625
Proceeds from issuance of stock	'	'	13,861
Sale of warrants (net)	'	'	4,749
Re-purchase of warrants	'	'	-579
Proceeds from loan payable	'	'	3,261
Net Cash Provided by/(Used) In Financing Activities	-586	461	19,125
DISCONTINUED OPERATIONS	'	'	'
Operating activities	'	-536	14,601
Investing activities	'	825	109
Financing activities	'	60	-780
Net cash flows Provided By discontinued operations	'	349	13,930
Effects of Exchange Rate on Cash	2	-2	-101
Net Increase/(Decrease) in Cash	-653	-2	3
Cash at Beginning of Period	656	11	'
Total Cash at End of Period	3	9	3
Supplemental Disclosures	'	'	'
Interest Paid	'	'	340
NON CASH FINANCING ACTIVITY	'	'	'
Debt repaid through issuance of shares	'	'	5,771
Stock options recorded as deferred compensation	'	'	1,258
Extinguishment of related party debt	'	'	593
Stock issued for acquisition of properties	'	'	627

Consolidated_Statements_of_Sto

Consolidated Statements of Stockholders' Equity (Deficit) (An Exploration Stage Company) (CAD)

Total

Normal Warrants

Special Warrants

Grants in 2004

Grants in 2006

Common Stock

Treasury Stock, at Cost

Additional Paid-in Capital

Additional Paid-in Capital

Additional Paid-in Capital

Additional Paid-in Capital

Additional Paid-in Capital

Retained Profit/(Deficit) during the Exploration stage

Retained (Deficit) prior to Exploration stage

Deferred Compensation

Deferred Compensation

Non-Controlling Interests

In Thousands, except Share data

Normal Warrants

Special Warrants

Grants in 2004

Grants in 2006

Grants in 2004

Balance at Jun. 30, 2002

-1,167

'

'

'

'

'

-19

24,061

'

'

'

'

'

-25,209

'

'

'

Balance (in shares) at Jun. 30, 2002

'

'

'

'

'

635,000

'

'

'

'

'

'

'

'

'

'

'

Net (loss)

-639

'

'

'

'

'

'

'

'

'

'

'

-639

'

'

'

'

Balance at Jun. 30, 2003

-1,806

'

'

'

'

'

-19

24,061

'

'

'

'

-639

-25,209

'

'

'

Balance (in shares) at Jun. 30, 2003

'

'

'

'

'

635,000

'

'

'

'

'

'

'

'

'

'

'

Issuance of shares and warrants in lieu of debt repayment

2,331

'

'

'

'

'

'

2,331

'

'

'

'

'

'

'

'

'

Issuance of shares and warrants in lieu of debt repayment (in shares)

'

'

'

'

'

175,398

'

'

'

'

'

'

'

'

'

'

'

Sale of shares and warrants

2,221

'

'

'

'

'

'

2,221

'

'

'

'

'

'

'

'

'

Sale of shares and warrants (in shares)

'

'

'

'

'

167,000

'

'

'

'

'

'

'

'

'

'

'

Issuance of shares on cashless exercise of options

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Issuance of shares on cashless exercise of options (in shares)

'

'

'

'

'

694,306

'

'

'

'

'

'

'

'

'

'

'

Net (loss)

-1,933

'

'

'

'

'

'

'

'

'

'

'

-1,933

'

'

'

'

Balance at Jun. 30, 2004

813

'

'

'

'

'

-19

28,613

'

'

'

'

-2,572

-25,209

'

'

'

Balance (in shares) at Jun. 30, 2004

'

'

'

'

'

1,671,000

'

'

'

'

'

'

'

'

'

'

'

Issuance of options under stock option plan

'

'

'

0

'

'

'

'

'

'

1,646

'

'

'

'

-1,646

'

Amortization of options under stock option plan

'

'

'

1,095

'

'

'

'

'

'

'

'

'

'

'

1,095

'

Net (loss)

-3,173

'

'

'

'

'

'

'

'

'

'

'

-3,173

'

'

'

'

Balance at Jun. 30, 2005

-1,265

'

'

'

'

'

-19

30,259

'

'

'

'

-5,745

-25,209

-551

'

'

Balance (in shares) at Jun. 30, 2005

'

'

'

'

'

1,671,000

'

'

'

'

'

'

'

'

'

'

'

To eliminate deferred compensation against Additional Paid-In Capital

0

'

'

'

'

'

'

-551

'

'

'

'

'

'

551

'

'

Issuance of shares and options in lieu of debt repayment

3,321

'

'

'

'

'

'

3,321

'

'

'

'

'

'

'

'

'

Issuance of shares and options in lieu of debt repayment (in shares)

'

'

'

'

'

1,000,000

'

'

'

'

'

'

'

'

'

'

'

Capital gain on shares and options issued in lieu of debt repayment

-1,610

'

'

'

'

'

'

-1,610

'

'

'

'

'

'

'

'

'

Sale of warrants

'

827

887

'

'

'

'

'

827

887

'

'

'

'

'

'

'

Amortization of options under stock option plan

'

'

'

532

'

'

'

'

'

'

532

'

'

'

'

'

'

Net (loss)

-1,219

'

'

'

'

'

'

'

'

'

'

'

-1,219

'

'

'

'

Balance at Jun. 30, 2006

1,473

'

'

'

'

'

-19

33,665

'

'

'

'

-6,964

-25,209

'

'

'

Balance (in shares) at Jun. 30, 2006

'

'

'

'

'

2,671,000

'

'

'

'

'

'

'

'

'

'

'

Costs associated with sale of normal and special warrants

-3

'

'

'

'

'

'

-3

'

'

'

'

'

'

'

'

'

Amortization of options under stock option plan

'

'

'

19

510

'

'

'

'

'

19

510

'

'

'

'

'

Net (loss)

-1,917

'

'

'

'

'

'

'

'

'

'

'

-1,917

'

'

'

'

Balance at Jun. 30, 2007

82

'

'

'

'

'

-19

34,191

'

'

'

'

-8,881

-25,209

'

'

'

Balance (in shares) at Jun. 30, 2007

'

'

'

'

'

2,671,000

'

'

'

'

'

'

'

'

'

'

'

Amortization of options under stock option plan

'

'

'

'

333

'

'

'

'

'

'

333

'

'

'

'

'

Net (loss)

-1,046

'

'

'

'

'

'

'

'

'

'

'

-1,046

'

'

'

'

Balance at Jun. 30, 2008

-631

'

'

'

'

'

-19

34,524

'

'

'

'

-9,927

-25,209

'

'

'

Balance (in shares) at Jun. 30, 2008

'

'

'

'

'

2,671,000

'

'

'

'

'

'

'

'

'

'

'

Sale of shares

682

'

'

'

'

1

'

681

'

'

'

'

'

'

'

'

'

Sale of shares (in shares)

'

'

'

'

'

10,000,000

'

'

'

'

'

'

'

'

'

'

'

Forgiveness of advances from affiliate

588

'

'

'

'

'

'

588

'

'

'

'

'

'

'

'

'

Amortization of options under stock option plan

'

'

'

'

173

'

'

'

'

'

'

173

'

'

'

'

'

Net (loss)

-1,295

'

'

'

'

'

'

'

'

'

'

'

-1,295

'

'

'

'

Balance at Jun. 30, 2009

-483

'

'

'

'

1

-19

35,966

'

'

'

'

-11,222

-25,209

'

'

'

Balance (in shares) at Jun. 30, 2009

'

'

'

'

'

12,671,000

'

'

'

'

'

'

'

'

'

'

'

Sale of shares

10,764

'

'

'

'

1

'

10,763

'

'

'

'

'

'

'

'

'

Sale of shares (in shares)

'

'

'

'

'

9,960,351

'

'

'

'

'

'

'

'

'

'

'

Issuance of shares as part purchase price of mining properties (in shares)

'

'

'

'

'

300,000

'

'

'

'

'

'

'

'

'

'

'

Issuance of shares as part purchase price of mining properties

627

'

'

'

'

'

'

627

'

'

'

'

'

'

'

'

'

Amortization of options under stock option plan

'

'

'

'

39

'

'

'

'

'

'

39

'

'

'

'

'

Re-purchase of warrants

-579

'

'

'

'

'

'

-579

'

'

'

'

'

'

'

'

'

Net profit (loss) from continuing operations

-4,206

'

'

'

'

'

'

'

'

'

'

'

-4,206

'

'

'

'

Net profit (loss) from discontinued operations

14,489

'

'

'

'

'

'

'

'

'

'

'

14,489

'

'

'

'

Adjustment for additional investment in consolidated subsidiary

'

'

'

'

'

'

'

1,994

'

'

'

'

'

'

'

'

-1,994

Fair value of non-controlling interest

20,552

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

20,552

Net profit (loss) attributable to non-controlling interests

'

'

'

'

'

'

'

'

'

'

'

'

1,404

'

'

'

-1,404

Balance at Jun. 30, 2010

41,203

'

'

'

'

2

-19

48,810

'

'

'

'

465

-25,209

'

'

17,154

Balance (in shares) at Jun. 30, 2010

'

'

'

'

'

22,931,000

'

'

'

'

'

'

'

'

'

'

'

Sale of shares

3,097

'

'

'

'

3

'

3,094

'

'

'

'

'

'

'

'

'

Sale of shares (in shares)

'

'

'

'

'

33,876,000

'

'

'

'

'

'

'

'

'

'

'

Amortization of options under stock option plan

162

'

'

'

'

'

'

162

'

'

'

'

'

'

'

'

'

Net profit (loss) from continuing operations

-4,827

'

'

'

'

'

'

'

'

'

'

'

-4,827

'

'

'

'

Net profit (loss) from discontinued operations

-2,948

'

'

'

'

'

'

'

'

'

'

'

-2,948

'

'

'

'

Adjustment for additional investment in consolidated subsidiary

0

'

'

'

'

'

'

1,512

'

'

'

'

'

'

'

'

-1,512

Adjustment due to issue of shares by subsidiary

10

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

10

Net profit (loss) attributable to non-controlling interests

0

'

'

'

'

'

'

'

'

'

'

'

846

'

'

'

-846

Balance at Jun. 30, 2011

36,697

'

'

'

'

5

-19

53,578

'

'

'

'

-6,464

-25,209

'

'

14,806

Balance (in shares) at Jun. 30, 2011

'

'

'

'

'

56,807,000

'

'

'

'

'

'

'

'

'

'

'

Amortization of options under stock option plan

58

'

'

'

'

'

'

58

'

'

'

'

'

'

'

'

'

Net profit (loss) from continuing operations

5,958

'

'

'

'

'

'

'

'

'

'

'

5,958

'

'

'

'

Net profit (loss) from discontinued operations

-38,991

'

'

'

'

'

'

'

'

'

'

'

-38,991

'

'

'

'

Adjustment for additional investment in consolidated subsidiary

-80

'

'

'

'

'

'

168

'

'

'

'

'

'

'

'

-248

Adjustment for sale of investment in consolidated subsidiary

1,618

'

'

'

'

'

'

-1,634

'

'

'

'

'

'

'

'

3,252

Net profit (loss) attributable to non-controlling interests

0

'

'

'

'

'

'

'

'

'

'

'

11,619

'

'

'

-11,619

Balance at Jun. 30, 2012

5,260

'

'

'

'

5

-19

52,170

'

'

'

'

-27,878

-25,209

'

'

6,191

Balance (in shares) at Jun. 30, 2012

'

'

'

'

'

56,807,000

'

'

'

'

'

'

'

'

'

'

'

Amortization of options under stock option plan

1

'

'

'

'

'

'

1

'

'

'

'

'

'

'

'

'

Net profit (loss) from continuing operations

-3,149

'

'

'

'

'

'

'

'

'

'

'

-3,149

'

'

'

'

Net profit (loss) from discontinued operations

4,880

'

'

'

'

'

'

'

'

'

'

'

4,880

'

'

'

'

Adjustment for deconsolidation of subsidiary

-5,878

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-5,878

Net profit (loss) attributable to non-controlling interests

0

'

'

'

'

'

'

'

'

'

'

'

313

'

'

'

-313

Balance at Jun. 30, 2013

1,114

'

'

'

'

5

-19

52,171

'

'

'

'

-25,834

-25,209

'

'

'

Balance (in shares) at Jun. 30, 2013

'

'

'

'

'

56,807,000

'

'

'

'

'

'

'

'

'

'

'

Net profit (loss) from continuing operations

-644

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net (loss)

-644

'

'

'

'

'

'

'

'

'

'

'

-644

'

'

'

'

Balance at Sep. 30, 2013

470

'

'

'

'

5

-19

52,171

'

'

'

'

-26,478

-25,209

'

'

'

Balance (in shares) at Sep. 30, 2013

'

'

'

'

'

56,807,000

'

'

'

'

'

'

'

'

'

'

'

Consolidated_Statements_of_Sto1

Consolidated Statements of Stockholders' Equity (Deficit) (An Exploration Stage Company) (Parenthetical)

12 Months Ended

Jun. 30, 2013

Jun. 30, 2012

Jun. 30, 2011

Jun. 30, 2006

Jun. 30, 2006

Jun. 30, 2006

Jun. 30, 2007

Jun. 30, 2006

Jun. 30, 2005

Jun. 30, 2010

Jun. 30, 2009

Jun. 30, 2008

Jun. 30, 2007

Normal Warrants

Special Warrants

Grants in 2004

Grants in 2004

Grants in 2004

Grants in 2006

Grants in 2006

Grants in 2006

Grants in 2006

Issuance of options under stock option plan, options

'

'

'

'

'

'

'

'

140,000

'

'

'

'

Amortization of options under stock option plan, options

1,100,000

1,100,000

800,000

'

'

'

140,000

140,000

140,000

465,000

465,000

465,000

465,000

Issuance of shares and options in lieu of debt repayment, options

'

'

'

2,000,000

'

'

'

'

'

'

'

'

'

Sale of warrants, warrants

'

'

'

'

2,000,000

1,000,000

'

'

'

'

'

'

'

Organisation

Organisation	135 Months Ended
	Sep. 30, 2013
Organisation	'
	1.          Organisation
	Golden River Resources Corporation (“Golden River Resources”) is incorporated in the State of Delaware. The principal shareholder of Golden River Resources is Northern Capital Resources Corp (“NCRC”) which owned 96.62% of Golden River Resources as of September 30, 2013.
	Golden River Resources is a gold exploration company.  On March 17, 2009, the Company announced that it had reached agreement with Acadian Mining Corporation (TSX: ADA) ("Acadian") to subscribe in private placement transactions for common shares in Acadian and since that time, it acquired an interest by June 30, 2011 of 71.48%.  During 2012, the Company acquired 0.48% of Acadian, sold 19.9% of Acadian and at June 30, 2012 it held 52.06% of Acadian. During fiscal 2013, it sold a further 51.56% and at June 30, 2013, it held a 0.50% interest in Acadian. On September 18, 2013, the Company converted a convertible note of CDN$420,000 into 3,500,000 shares in Acadian thus increasing its equity interest in Acadian to 6.53%. On October 11, 2013 Acadian and LionGold Corp. Ltd. ("LionGold") announced that they concluded the arrangement by which LionGold, through its wholly-owned subsidiary LionGold Mining Canada Inc. (formerly 9286-0931 Québec Inc.) acquired all of the common shares of Acadian that it did not already own. As a result, effective October 11, 2013, the Company no longer has an equity interest in Acadian.
	The financial statements presented herein have been prepared on a consolidated basis to include the accounts of Golden River Resources and its other subsidiaries (collectively “the Company”). All intercompany balances and transactions have been eliminated in consolidation.
	Effective November 1, 2010, the Company had a 1-for-10 reverse stock split of its Common Stock and accordingly, all share and per share data has been retroactively restated.
	The Company's consolidated financial statements are prepared using generally accepted accounting principles applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. However, Golden River Resources is an exploration stage company which has not yet commenced revenue producing operations and has sustained recurring losses since inception, all of which raises substantial doubt as to its ability to continue as a going concern.
	In addition, Golden River Resources has historically relied on loans and advances from corporations affiliated with the President of Golden River Resources and fund raising through the sale of equity instruments.  Based on discussions with these affiliate companies, the Company believes this source of funding will continue to be available.
	Other than the arrangements noted above, the Company has not confirmed any other arrangement for ongoing funding.  The Company’s ability to continue operations is dependent upon future funding from capital raisings, or its ability to commence revenue producing operations and positive cash flows.

Recent_Accounting_Pronouncemen

Recent Accounting Pronouncements	135 Months Ended
	Sep. 30, 2013
Recent Accounting Pronouncements	'
	2.           Recent Accounting Pronouncements
	The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its consolidated financial position or results of operations.

Affiliate_Transactions

Affiliate Transactions	135 Months Ended
	Sep. 30, 2013
Affiliate Transactions	'
	3.           Affiliate Transactions
	Golden River Resources advances to and receives advances from various affiliates.
	The Company has entered into an agreement with AXIS Consultants Pty Ltd (“AXIS”) to provide geological, management and administration services to the Company. AXIS is affiliated through common management. The Company is one of ten affiliated companies to which AXIS provides services. Each of the companies has some common Directors, officers and shareholders. Golden River Resources holds a 9.09% interest in AXIS at a cost of A$1 and is accounted for under the cost method. Any profits generated by AXIS are returned to its shareholders in the form of dividends.
	During the three months ended September 30, 2013, AXIS provided services in accordance with the service agreement of CDN$33,000, AXIS repaid Golden River Resources CDN$32,000 and the Company advanced AXIS CDN$651,000. At June 30, 2013, management considered the recoverability of the amount owed by AXIS and in accordance with the requirements of accounting standards provided a CDN$1,006,000 provision for doubtful receivable during fiscal 2013. For the three months ended September 30, 2013, the Company recorded an adjustment to the provision of CDN$586,000. During the three months ended September 30, 2013, the Company did not charge interest.  The amount by AXIS at September 30, 2013 under non-current assets – advances to affiliates was CDN$1,600,000 which was fully provided for.
	During the three months ended September 30, 2012, AXIS repaid the Company CDN$404,000 and provided services in accordance with the service agreement of CDN$57,000. The amount owed to AXIS at September 30, 2012 was CDN$18,000 and is reflected in non-current assets – receivables from affiliates. During the three months ended September 30, 2012, AXIS did not charge interest.
	During fiscal 2010, the Company sold shares of common stock to NCRC, a Nevada corporation, pursuant to certain subscription agreements. Mr Joseph Gutnick, the Company’s President, is the Chairman and Chief Executive Officer of NCRC.  In addition, Legend International Holdings, Inc., of which Mr. Gutnick is the Chairman and Chief Executive Officer and a principal stockholder, owns 31.46% of NCRC. As of September 30, 2013, NCRC owned approximately 96.6% of the outstanding common stock of the Company.
	During fiscal 2013, the Company advanced NCRC CDN$1,193,000 and is the amount owed by NCRC at June 30, 2013. At June 30, 2013, management considered the recoverability of the amount owed by NCRC and in accordance with the requirements of accounting standards provided a provision for doubtful receivable of CDN$1,193,000 during fiscal 2013.
	During fiscal 2013, Golden River advanced Acadian CDN$140,000 in funds for operating expenditure and incurred expenditure on behalf of Acadian of CDN$2,000. This loan is non-interest bearing and is due on or before June 6, 2014. As of September 30, 2013 the amount remains unpaid and is reflected in non-current assets – investment in and receivable from other entity (see note 7).

Issue_of_Options_under_Stock_O

Issue of Options under Stock Option Plan	135 Months Ended
	Sep. 30, 2013
Issue of Options under Stock Option Plan	'
	4.      Issue of Options under Stock Option Plan
	In October 2004, the Board of Directors and Remuneration Committee of the Company adopted a Stock Option Plan. The Company issued 605,000 options under the plan. At September 30, 2013, the options are fully vested.
	Since the issue of the options, 120,000 options have lapsed following the termination of participants to the issue.
	A summary of the options outstanding and exercisable at September 30, 2013 are as follows:
		Outstanding		Outstanding		Exercisable		Exercisable
	Number of options		80,000		405,000		80,000		405,000
	Exercise price	CDN$10.00		CDN$3.08		CDN$10.00		CDN$3.08
	Expiration date	15-Oct-14		15-Oct-16		15-Oct-14		15-Oct-16

Loss_per_share

(Loss) per share	135 Months Ended
	Sep. 30, 2013
(Loss) per share	'
	5.             (Loss) per share
	The Company calculates (loss) per share in accordance with ASC Topic 260, Earnings per Share. Basic profit/(loss) per share is computed based on the weighted average number of common shares outstanding during the period.
	Options to acquire 485,000 shares of common stock were not included in the diluted weighted average shares outstanding as such effects would be anti-dilutive.

Fair_Value_Of_Financial_Instru

Fair Value Of Financial Instruments	135 Months Ended
	Sep. 30, 2013
Fair Value Of Financial Instruments	'
	6.          Fair Value Of Financial Instruments
	The Company’s financial instruments consist of cash, receivables, accounts payable, accrued expenses, note receivable and advances due from affiliates. The carrying amounts of receivables, accounts payable and accrued expenses, advances receivable approximate their respective fair values because of the short maturities of these expenses. The fair values of advances due/from affiliates are not practicable to estimate as no similar market exists for these instruments and as it does not have a specified date of repayment. The Company’s investment in Acadian is recorded at fair value using Level 1 inputs, as described in the US GAAP guidance for fair value measurements (see note 7).

Investments_In_and_Receivable_

Investments In and Receivable From Acadian	135 Months Ended
	Sep. 30, 2013
Investments In and Receivable From Acadian	'
	7.           Investments In and Receivable From Acadian
	At September 30, 2013 the carrying value of the marketable investment in Acadian was CDN$452,000. During fiscal 2012, Golden River purchased $420,000 of debentures in its former consolidated subsidiary Acadian. The debentures were unsecured and convertible into common shares of Acadian at the holder’s option at a price of $0.12 per common share. On September 18, 2013, the Company elected to convert the convertible note into 3,500,000 shares in Acadian.
	On October 11, 2013 Acadian and LionGold announced that they concluded the arrangement by which LionGold, through its wholly-owned subsidiary LionGold Mining Canada Inc. (formerly 9286-0931 Québec Inc.) acquired all of the common shares of Acadian ("Acadian Shares") that it did not already own (the "Arrangement").  Effective from that date, LionGold directly or indirectly owns 100% of the outstanding shares of Acadian. Under the Arrangement, Acadian shareholders (other than LionGold and its affiliates) received C$0.12 in cash for each Acadian Share. On October 17, 2013 the Company received CDN$421,000 for 3,509,998 shares it held in Acadian. The balance of the funds of CDN$31,140 are expected to be received in 2013.
	The Company’s investment in Acadian is classified as a marketable security, and accordingly is presented at its approximate fair market value. At September 30, 2013, the Company recorded an unrealized gain on marketable investment in the amount of CDN$3,000.

Income_Taxes

Income Taxes	135 Months Ended
	Sep. 30, 2013
Income Taxes	'
	8.          Income Taxes
	The Company recognises deferred tax assets or liabilities for the expected future consequences attributable to differences between the financial statement carrying amount of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using the enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled.
	The Company is subject to taxation in both the USA and Canada.
	The Company’s net deferred taxes at September 30, 2013 is summarized as follows:
		USA			Canada			Total
		2013			2013			2013
		CDN$000s			CDN$000s			CDN$000s
	Deferred tax assets
	Net operating loss carry-forward		3,560			2,082			5,642
	Exploration expenditure		557			1,535			2,092
			4,117			3,617			7,734
	Less valuation allowance		(4,117	)		(3,617	)		(7,734	)
			-			-			-
	The Company’s net deferred taxes at June 30, 2013 is summarized as follows:
		USA			Canada			Total
		2013			2013			2013
		CDN$000s			CDN$000s			CDN$000s
	Deferred tax assets
	Net operating loss carry-forward		3,526			2,061			5,587
	Exploration expenditure		557			1,535			2,092
			4,083			3,596			7,679
	Less valuation allowance		(4,083	)		(3,596	)		(7,679	)
			-			-			-
	Total available net operating loss carryforwards in the United States, which are subject to limitations, amount to approximately CDN$10,170,000 at September 30, 2013 and expire in years 2023 through 2030. Net operating loss carryforwards in Canada do not have a definite expiration date and amounted to CDN$10,433,000.

Subsequent_Events

Subsequent Events	135 Months Ended
	Sep. 30, 2013
Subsequent Events	'
	9.          Subsequent Events
	The Company has evaluated events and transactions after the balance sheet date and, through the date the consolidated financial statements were issued and believes that all relevant disclosures have been included herein and there are no other events which require recognition or disclosure in the accompanying consolidated financial statements, other than disclosed herein.

Issue_of_Options_under_Stock_O1

Issue of Options under Stock Option Plan (Tables)	135 Months Ended
	Sep. 30, 2013
Summary of Options Outstanding and Exercisable	'
	A summary of the options outstanding and exercisable at September 30, 2013 are as follows:
		Outstanding		Outstanding		Exercisable		Exercisable
	Number of options		80,000		405,000		80,000		405,000
	Exercise price	CDN$10.00		CDN$3.08		CDN$10.00		CDN$3.08
	Expiration date	15-Oct-14		15-Oct-16		15-Oct-14		15-Oct-16

Income_Taxes_Tables

Income Taxes (Tables)	135 Months Ended
	Sep. 30, 2013
Schedule of Deferred Tax Assets and Liabilities	'
	The Company’s net deferred taxes at September 30, 2013 is summarized as follows:
		USA			Canada			Total
		2013			2013			2013
		CDN$000s			CDN$000s			CDN$000s
	Deferred tax assets
	Net operating loss carry-forward		3,560			2,082			5,642
	Exploration expenditure		557			1,535			2,092
			4,117			3,617			7,734
	Less valuation allowance		(4,117	)		(3,617	)		(7,734	)
			-			-			-
	The Company’s net deferred taxes at June 30, 2013 is summarized as follows:
		USA			Canada			Total
		2013			2013			2013
		CDN$000s			CDN$000s			CDN$000s
	Deferred tax assets
	Net operating loss carry-forward		3,526			2,061			5,587
	Exploration expenditure		557			1,535			2,092
			4,083			3,596			7,679
	Less valuation allowance		(4,083	)		(3,596	)		(7,679	)
			-			-			-

Organisation_Detail

Organisation (Detail) (CAD)	0 Months Ended		0 Months Ended		12 Months Ended
	Nov. 01, 2010	Sep. 30, 2013	Sep. 18, 2013	Jun. 30, 2011	Jun. 30, 2013	Jun. 30, 2012	Oct. 11, 2013
		NCRC [Member]					Subsequent Event [Member]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]	'	'	'	'	'	'	'
Percentage of parent company's equity owned by related parties	'	96.62%	'	'	'	'	'
Percentage of ownership interest in consolidated subsidiary	'	'	'	71.48%	'	52.06%	'
Percentage of ownership interest acquired	'	'	'	'	'	0.48%	'
Percentage of ownership interest sold	'	'	'	'	51.56%	19.90%	'
Percentage of ownership interest	'	'	6.53%	'	0.50%	'	0.00%
Convertible note	'	'	420,000	'	'	'	'
Shares received upon conversion of note	'	'	3,500,000	'	'	'	'
Reverse stock split ratio	0.1	'	'	'	'	'	'

Affiliate_Transactions_Detail

Affiliate Transactions (Detail)

3 Months Ended

135 Months Ended

3 Months Ended

12 Months Ended

3 Months Ended

12 Months Ended

12 Months Ended

3 Months Ended

Sep. 30, 2013

Sep. 30, 2013

Jun. 30, 2013

Sep. 30, 2013

Jun. 30, 2013

Sep. 30, 2013

Sep. 30, 2012

Jun. 30, 2013

Sep. 30, 2013

Jun. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

CAD

CAD

CAD

Acadian [Member]

Acadian [Member]

AXIS [Member]

AXIS [Member]

AXIS [Member]

AXIS [Member]

NCRC [Member]

NCRC [Member]

NCRC [Member]

CAD

CAD

CAD

CAD

AUD

CAD

Legend International Holdings, Inc. [Member]

Item

Related Party Transaction [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

Number of affiliated companies under service agreement

'

'

'

'

'

'

'

'

10

'

'

'

Ownership interest

'

'

'

'

'

'

'

'

9.09%

'

'

'

Cost of ownership interest

'

'

'

'

'

'

'

'

1

'

'

'

Services provided in accordance with service agreement

'

'

'

'

'

33,000

57,000

'

'

'

'

'

Repayment of debt by affiliate

'

'

'

'

'

32,000

404,000

'

'

'

'

'

Amount advanced to affiliate

'

'

'

'

140,000

651,000

'

'

'

1,193,000

'

'

Allowance for doubtful debt

586,000

2,785,000

'

'

'

586,000

'

1,006,000

'

1,193,000

'

'

Interest charged to affiliate

'

'

'

'

'

0

'

'

'

'

'

'

Advances receivable

142,000

142,000

142,000

'

'

1,600,000

'

'

'

'

'

'

Amount owed to affiliate

'

'

'

'

'

'

18,000

'

'

'

'

'

Interest charged by affiliate

'

'

'

'

'

'

0

'

'

'

'

'

Percentage of related party's equity owned by affiliated entities

'

'

'

'

'

'

'

'

'

'

'

31.46%

Percentage of parent company's equity owned by related parties

'

'

'

'

'

'

'

'

'

'

96.62%

'

Expenditure incurred on behalf of affiliate

'

'

'

'

2,000

'

'

'

'

'

'

'

Debt maturity date

'

'

'

6-Jun-14

'

'

'

'

'

'

'

'

Issue_of_Options_under_Stock_O2

Issue of Options under Stock Option Plan - Narrative (Detail)	108 Months Ended
	Sep. 30, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Number of options issued under stock option plan	605,000
Number of options lapsed	120,000

Issue_of_Options_under_Stock_O3

Issue of Options under Stock Option Plan - Summary of Options Outstanding and Exercisable (Detail) (CAD)	3 Months Ended
	Sep. 30, 2013
Grants in 2004	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Number of options outstanding	80,000
Exercise price of options outstanding	10
Expiration date of options outstanding and exercisable	15-Oct-14
Number of options exercisable	80,000
Exercise price of options exercisable	10
Grants in 2006	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Number of options outstanding	405,000
Exercise price of options outstanding	3.08
Expiration date of options outstanding and exercisable	15-Oct-16
Number of options exercisable	405,000
Exercise price of options exercisable	3.08

Loss_Per_Share_Detail

(Loss) Per Share (Detail)	3 Months Ended
	Sep. 30, 2013
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]	'
Anti-dilutive stock options excluded from diluted weighted average shares outstanding	485,000

Investments_In_and_Receivable_1

Investments In and Receivable From Acadian (Detail) (CAD)	135 Months Ended		0 Months Ended	3 Months Ended	12 Months Ended		0 Months Ended
	Sep. 30, 2013	Jun. 30, 2013	Sep. 18, 2013	Sep. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Oct. 11, 2013	Oct. 11, 2013
							Subsequent Event [Member]	Subsequent Event [Member]
								LionGold Corp. Ltd. [Member]
Investments in and Advances to Affiliates [Line Items]	'	'	'	'	'	'	'	'
Investment in marketable security	452,000	449,000	'	452,000	'	'	'	'
Payment to related party	'	'	'	'	420,000	'	'	'
Conversion price per share	'	'	'	0.12	'	'	'	'
Shares issued in debt conversion	'	'	3,500,000	'	'	'	'	'
Percentage of ownership interest	'	'	6.53%	'	'	0.50%	0.00%	100.00%
Purchase price per share	'	'	'	'	'	'	'	0.12
Proceeds from sale of marketable securities	783,000	'	'	'	'	'	421,000	'
Number of marketable securities sold	'	'	'	'	'	'	3,509,998	'
Receivable for sale of marketable securities	'	'	'	'	'	'	31,140	'
Unrealized gain on marketable investment	'	'	'	3,000	'	'	'	'

Income_Taxes_Schedule_of_Defer

Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Detail) (CAD)	Sep. 30, 2013	Jun. 30, 2013
In Thousands, unless otherwise specified
Deferred tax assets	'	'
Net operating loss carry-forward	5,642	5,587
Exploration expenditure	2,092	2,092
Deferred tax assets, gross	7,734	7,679
Less valuation allowance	-7,734	-7,679
Deferred tax assets, net	0	0
United States [Member]	'	'
Deferred tax assets	'	'
Net operating loss carry-forward	3,560	3,526
Exploration expenditure	557	557
Deferred tax assets, gross	4,117	4,083
Less valuation allowance	-4,117	-4,083
Deferred tax assets, net	0	0
Canada [Member]	'	'
Deferred tax assets	'	'
Net operating loss carry-forward	2,082	2,061
Exploration expenditure	1,535	1,535
Deferred tax assets, gross	3,617	3,596
Less valuation allowance	-3,617	-3,596
Deferred tax assets, net	0	0

Income_Taxes_Narrative_Detail

Income Taxes - Narrative (Detail) (CAD)	9 Months Ended
	Sep. 30, 2013
United States [Member]	'
Income Taxes [Line Items]	'
Total available net operating loss carryforwards	10,170,000
United States [Member] | Minimum [Member]	'
Income Taxes [Line Items]	'
Expiration year of net operating loss carryforwards	'2023
United States [Member] | Maximum [Member]	'
Income Taxes [Line Items]	'
Expiration year of net operating loss carryforwards	'2030
Canada [Member]	'
Income Taxes [Line Items]	'
Total available net operating loss carryforwards	10,433,000