Santa Fe Gold (SFEG) 10-Q20 May 142014 Q3 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
Document and Entity Information	Mar. 31, 2014	16-May-14
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	31-Mar-14	'
Trading Symbol	'sfeg	'
Entity Registrant Name	'Santa Fe Gold CORP	'
Entity Central Index Key	'0000851726	'
Current Fiscal Year End Date	'--06-30	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	127,229,228
Entity Current Reporting Status	'Yes	'
Entity Voluntary Filers	'No	'
Entity Well Known Seasoned Issuer	'No	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 31, 2014	Jun. 30, 2013
CURRENT ASSETS:	'	'
Cash and cash equivalents	$410,764	$115,094
Accounts receivable	0	273,797
Inventory	118,656	241,214
Prepaid expenses and other current assets	377,809	457,377
Total Current Assets	907,229	1,087,482
MINERAL PROPERTIES	599,897	599,897
PROPERTY, PLANT AND EQUIPMENT, net of depreciation of $12,895,577 and $11,162,024, respectively	19,732,945	21,726,196
OTHER ASSETS:	'	'
Idle equipment, net	411,600	1,223,528
Restricted cash	231,716	231,716
Mogollon option costs	864,159	761,914
Deferred financing costs, net	146,741	323,348
Total Other Assets	1,654,216	2,540,506
Total Assets	22,894,287	25,954,081
CURRENT LIABILITIES:	'	'
Accounts payable	2,955,275	2,748,549
Accrued liabilities	7,100,249	4,606,409
Derivative instrument liabilities	217,407	496,920
Senior subordinated convertible notes payable, current portion, net of discounts of $29,388 and $-0-, respectively	420,612	0
Notes payable, current portion	8,971,084	7,185,877
Completion guarantee payable	3,359,873	3,359,873
Total Current Liabilities	23,024,500	18,397,628
LONG TERM LIABILITIES:	'	'
Notes payable, net of current portion	203,214	330,192
Senior subordinated convertible notes payable, net of current portion and net of discounts of $-0- and $60,482, respectively	3,606,330	3,951,310
Asset retirement obligation	230,511	167,746
Total Liabilities	27,064,555	22,846,876
STOCKHOLDERS' (DEFICIT) EQUITY :	'	'
Common stock, $.002 par value, 300,000,000 shares authorized; 126,858,857 and 117,599,598 shares issued and outstanding, respectively	253,718	235,199
Additional paid in capital	78,246,131	77,210,649
Accumulated (deficit)	-82,670,117	-74,338,643
Total Stockholders' (Deficit) Equity	-4,170,268	3,107,205
Total Liabilities and Stockholders' (Deficit) Equity	$22,894,287	$25,954,081

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Mar. 31, 2014	Jun. 30, 2013
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$12,895,577	$11,162,024
Debt Instrument Unamortized Discount Senior Subordinated Convertible Notes Payable Current	29,388	0
Debt Instrument Unamortized Discount Senior Subordinated Convertible Notes Payable Non Current	$0	$60,482
Common Stock, Par Value Per Share	$0.00	$0.00
Common Stock, Shares Authorized	300,000,000	300,000,000
Common Stock, Shares, Issued	126,858,857	117,599,598
Common Stock, Shares, Outstanding	126,858,857	117,599,598

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) (USD $)	3 Months Ended		9 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
SALES, net	($205,761)	$3,313,077	$2,013,496	$13,254,995
OPERATING COSTS AND EXPENSES:	'	'	'	'
Costs applicable to sales	0	3,001,655	3,213,205	9,615,367
Exploration and other mine related costs	503,226	786,045	737,403	1,458,431
General and administrative	1,038,668	1,149,088	2,942,713	2,941,075
Depreciation and amortization	541,928	1,035,972	1,977,247	3,238,017
Impairment of idle equipment	761,928	0	761,928	0
Gain on disposition of assets	-134,995	0	-134,995	0
Accretion of asset retirement obligation	0	1,918	1,203	7,169
Total Operating Costs and Expenses	2,710,755	5,974,678	9,498,704	17,260,059
LOSS FROM OPERATIONS	-2,916,516	-2,661,601	-7,485,208	-4,005,064
OTHER INCOME (EXPENSE):	'	'	'	'
Interest income	0	0	0	0
Miscellaneous income	0	12,434	13,387	14,066
Gain on debt extinguishment	615,781	0	615,781	0
Foreign currency translation gain (loss)	-237,403	-17,825	12,774	-77,515
Gain on derivative instrument liabilities	134,138	1,127,873	279,513	805,565
Accretion of discounts on notes payable	-10,761	-7,108	-31,094	-12,672
Financing costs - commodity supply agreements	-251,739	-561,282	-736,384	-2,830,007
Interest expense	-319,508	-426,230	-1,000,243	-1,711,366
Total Other Income (Expense)	-69,492	127,862	-846,266	-3,811,929
LOSS BEFORE PROVISION FOR INCOME TAXES	-2,986,008	-2,533,739	-8,331,474	-7,816,993
PROVISION FOR INCOME TAXES	0	0	0	0
NET LOSS	-2,986,008	-2,533,739	-8,331,474	-7,816,993
OTHER COMPREHENSIVE (LOSS)	'	'	'	'
Unrealized loss on marketable securities	0	-5,743	0	-14,394
NET COMPREHENSIVE (LOSS)	($2,986,008)	($2,539,482)	($8,331,474)	($7,831,387)
Basic and Diluted Per Share data Net Loss - basic and diluted	($0.02)	($0.02)	($0.07)	($0.07)
Weighted Average Common Shares Outstanding: Basic and diluted	124,595,483	117,598,228	119,897,516	116,468,597

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	Mar. 31, 2014	Mar. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:	'	'
Net loss	($8,331,474)	($7,816,993)
Adjustments to reconcile net loss to net cash used in operating activities:	'	'
Depreciation, amortization and depletion	1,977,247	3,238,017
Stock-based compensation	405,851	1,197,678
Accretion of discount on notes payable	31,094	12,672
Accretion of asset retirement obligation	1,203	7,169
(Gain) on derivative instrument liabilities	-279,513	-805,565
Gain on debt extinguishment	-615,781	0
Impairment of idle equipment	761,928	0
(Gain) on disposal of assets	-134,995	0
Amortization of deferred financing costs	176,607	156,733
(Gain) loss on foreign currency translation	-12,774	77,515
Net change in operating assets and liabilities:	'	'
Accounts receivable	273,797	-1,760,532
Inventory	122,558	359,358
Prepaid expenses and other current assets	79,568	61,554
Mogollon option costs	-102,245	-750,000
Accounts payable and accrued liabilities	2,771,808	3,705,683
Net Cash (Used in) Operating Activities	-2,875,121	-2,316,711
CASH FLOWS FROM INVESTING ACTIVITIES:	'	'
Proceeds from disposal of equipment	464,500	0
Purchases of property, equipment and mine development	-201,940	-1,125,950
Net Cash Provided by (Used in) Investing Activities	262,560	-1,125,950
CASH FLOWS FROM FINANCING ACTIVITIES:	'	'
Proceeds from convertible notes payable	1,250,000	3,985,000
Proceeds from issuance of stock	0	1,873,261
Proceeds from notes payable	1,811,311	0
Payments on notes payable	-153,080	-2,588,474
Payments on capital leases	0	-45,032
Net Cash Provided by Financing Activities	2,908,231	3,224,755
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	295,670	-217,906
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	115,094	614,385
CASH AND CASH EQUIVALENTS, END OF PERIOD	410,764	396,479
SUPPLEMENTAL CASH FLOW INFORMATION:	'	'
Cash paid for interest	30,463	677,988
Cash paid for income taxes	0	0
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:	'	'
Stock issued for convertible note and accrued interest	1,263,930	0
Stock issued for services	0	39,000
Insurance financed with notes payable	$37,074	$122,212

NATURE_OF_OPERATIONS

NATURE OF OPERATIONS	9 Months Ended
NATURE OF OPERATIONS	Mar. 31, 2014
NATURE OF OPERATIONS [Text Block]	'

	NOTE 1 – NATURE OF OPERATIONS

	Santa Fe Gold Corporation (the “Company” or “Santa Fe”) is a U.S. mining company incorporated in Delaware in August 1991. Its general business strategy is to acquire, explore and develop mineral properties. The Company’s principal assets are the 100% owned Summit silver-gold project in New Mexico, the leased Ortiz gold property in New Mexico, and the 100% owned Black Canyon mica project in Arizona.

	On November 8, 2013, the Company suspended all mining operations and placed its Summit mine and mill on a care and maintenance program. On January 23, 2014, the Company entered into a definitive merger agreement (the “Merger Agreement”) with Tyhee Gold Corp. (TSX Venture: TDC) (“Tyhee”), and Tyhee Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of Tyhee (“Merger Sub”), which was terminated on March 20, 2014, by the Company.

	The Merger Agreement provided that in the event that Tyhee failed to consummate a qualified financing of at least $20 million on or before March 15, 2014, then the Company could elect to terminate the Merger Agreement. Because Tyhee failed to timely consummate a qualified financing, Santa Fe’s Independent Special Committee determined that it was in the best interest of Santa Fe and its stockholders to terminate the Merger Agreement. As such, Santa Fe provided Tyhee with notice of its election to terminate the Merger Agreement. The Merger Agreement provides that Tyhee shall promptly pay to Santa Fe a “break fee” of $300,000 if Santa Fe terminates the merger agreement because Tyhee failed to timely consummate a qualified financing. Santa Fe has requested prompt payment of the break fee and to date this has not been received.

	At March 31, 2013, the Company was in arrears on payments totaling approximately $8.5 million under its Senior Secured Gold Stream Credit Agreement (the “Credit Agreement”) with Waterton Global Value, L.P. (“Waterton”) and approximately $6.6 million under a gold stream agreement (the “Gold Stream Agreement”) with Sandstorm Gold Ltd. and Sandstorm Gold (Barbados) Ltd. (collectively, “Sandstorm”). On June 30, 2013, the Company signed a Waiver of Default Letter with Waterton wherein Waterton agreed to waive any payment defaults under the Credit Agreement. On September 30, 2013, Waterton issued a separate letter re-confirming the waiver of default for non-payment under the Credit Agreement. Waterton may revoke the waiver at any time and note the Company in default.

	The Company is in active discussions with several private equity funds and potential strategic investors concerning a potential strategic or financing transaction with Santa Fe. There can be no assurance that a strategic transaction or additional financing will be available at all or on acceptable terms. If a strategic transaction or additional financing is not available, or if the Company fails to restructure or refinance its secured indebtedness with Waterton and Sandstorm (the “Debt Restructurings”), or should any of such indebtedness be accelerated, or should any of the Company’s unsecured creditors obtain a judgment against the Company, the Company will not have adequate liquidity to fund its operations, meet its obligations (including its debt payment obligations) and continue as a going concern, and will likely be forced to seek relief under Chapter 11 or 15 of the U.S. Bankruptcy Code (or an involuntary petition for bankruptcy relief or similar creditor action may be filed against it).

	The unaudited interim consolidated financial statements of the Company included herein have been prepared in accordance with generally accepted accounting principles for interim financial information and in accordance with the instructions for Form 10-Q under Article 8.03 of Regulation S-X. These statements do not include all of the information and notes to the financial statements required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. Operating results for the nine month period ended March 31, 2014, are not necessarily indicative of the results that may be expected for our fiscal year ending June 30, 2014. The unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto for the fiscal year ended June 30, 2013, included in the Company’s Annual Report on Form 10-K, as filed with Securities and Exchange Commission (‘SEC”) on September 30, 2013.

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Mar. 31, 2014
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Text Block]	'

	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

	Basis of Presentation and Going Concern

	The financial statements have been prepared on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities and commitments in the normal course of business. Should the Company be unable to continue as a going concern, it may be unable to realize the carrying value of its assets and to meet its liabilities as they become due.

	The Company has incurred a loss of $8,331,474 for the nine months ended March 31, 2014, and has a total accumulated deficit of $82,670,117 and a working capital deficit at March 31, 2014 of $22,117,271. The Company began revenue generating operations during the fiscal year ended June 30, 2011, through the sales of precious metal concentrates and flux material.

	On November 8, 2013 the Company suspended all mining operations and placed the mine and mill on a care and maintenance program. The Company is currently working to restructure its debts and obtain adequate capital to restart operations.

	To continue as a going concern, the Company is dependent on achievement of the Debt Restructurings, the closing of a financing with new investors or a strategic transaction, continued fund raising for project development, repayment of various debt facilities and payment of operating and financing expenses until production at the Summit mine site attains cash flow sufficient to cover the Company’s costs. In conjunction with the Merger Agreement, Tyhee and the Company entered into a Bridge Loan Agreement, pursuant to which Tyhee was obligated to advance up to $3.0 million to the Company in accordance with the terms thereof. As of March31, 2014, Tyhee advanced $1,745,092 to the Company pursuant to the terms of the Bridge Loan. The Company has no current continuing commitment from any party to provide additional working capital and there is no assurance that such funding will be available to the Company. At this time, the Company and Tyree are in disagreement as to the repayment due date of the Bridge Loan. The Company does not have adequate liquidity to fund its operations, meet its obligations (including its debt payment obligations) and continue as a going concern, and will likely be forced to seek relief under the U.S. Bankruptcy Code unless the Company can secure other strategic financing alternatives.

	The Company’s consolidated financial statements do not include any adjustment relating to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue in existence.

	Principles of Consolidation

	The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries Azco Mica, Inc., a Delaware corporation, The Lordsburg Mining Company, a New Mexico corporation, Minera Sandia, S.A. de C.V., a Mexican corporation and Santa Fe Gold Barbados Corporation, a Barbados corporation. All significant inter-company accounts and transactions have been eliminated in consolidation.

	Reclassifications

	Certain items in these consolidated financial statements have been reclassified to conform to the current year’s presentation.

	Estimates

	The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates under different assumptions or conditions.

	Significant estimates are used when accounting for the Company’s carrying value of mineral properties, fixed assets, depreciation and amortization, accruals, derivative instrument liabilities, taxes and contingencies, asset retirement obligations, revenue recognition, and stock-based compensation which are discussed in the respective notes to the consolidated financial statements.

	Fair Value Measurements

	The carrying values of cash and cash equivalents, restricted cash, accounts receivable, accounts payable and accrued liabilities approximated their related fair values as of March 31, 2014 and June 30, 2013, due to the relatively short-term nature of these instruments. The carrying value of the Company’s convertible notes payable approximates the fair value based on the terms at which the Company could obtain similar financing and the short term nature of these instruments.

	Cash and Cash Equivalents

	The Company considers all liquid investments purchased with an initial maturity of three months or less to be cash equivalents. The Company maintains its cash in bank deposit accounts which, at times, may exceed federally insured limits. The Company has not experienced any losses in such accounts. The Company believes it is not exposed to any significant credit risk on cash balances. Restricted cash is excluded from cash and cash equivalents and is included in other assets.

	Marketable Securities

	Marketable securities are classified as available for sale and classified as current assets as they are subject to use within one year. The marketable securities are carried at fair value with unrealized gains and losses, if any, included as a component of accumulated other comprehensive income (loss) in stockholders’ equity.

	Accounts Receivable

	Accounts receivable consist of trade receivables from precious metals sales of concentrate and flux. In evaluating the collectability of accounts receivable, the Company analyzes past results and identifies trends for each major payer source of revenue for the purpose of estimating an allowance for doubtful accounts. Data in each major payer source are regularly reviewed to evaluate the adequacy of the allowance, and actual write-offs are charged against the allowance. There was no allowance for doubtful accounts as of March 31, 2013, and June 30, 2013.

	On June 30, 2013, the Company signed a Waiver of Default Letter (the "Letter") with Waterton wherein the Company agreed to sell, convey, assign and transfer certain accounts receivable as consideration for Waterton's waiver for non-payment under the Senior Secured Gold Stream Agreement. The transfer of the accounts receivable to Waterton are to be applied as payment towards outstanding interest amounts first and any remaining transfer of receivables are then applied as payment towards other indebtedness under the Credit Agreement, including principal on the note. The measurement of receivables transferred is subject to revaluation in accordance with mark-to-market adjustments and final settlement of the invoices. The valuation of receivables transferred under the Letter was $1,053,599 at June 30, 2013.

	As of September 30, 2013, the valuation of receivables sold under the Letter was finalized at $1,018,056. Additionally, $813,919 of collected accounts receivable sold to Waterton still remains to be remitted to them and is recorded in Other Accrued Liabilities at March 31, 2014. See NOTE 7 - SENIOR SECURED GOLD STREAM CREDIT AGREEMENT.

	Inventory

	Major types of inventories include ore stockpile inventories, in-process inventories, siliceous flux material inventories and concentrate inventories, as described below. Inventories are carried at the lower of average cost or net realizable value. The net realizable value of ore stockpile inventories and in-process inventories represents the estimated future sales price of the product based on current and future metals prices, less the estimated costs to complete production and bring the product to sale. Concentrate inventories and siliceous flux material inventories are carried at the lower of full cost of production or net realizable value based on current and future metals prices. Write-downs of inventory are reported as a component of costs applicable to sales.

	Ore Stockpile Inventories: Ore stockpile inventories represent mineralized materials that have been mined and are available for further processing. Costs are allocated to ore stockpile inventories based on relative values of material stockpiled and processed using current mining costs incurred up to the point of stockpiling the ore, including applicable overhead, depreciation, and amortization. Material is removed from the stockpile at an average cost per ton. The current portion of ore stockpiles is determined based on the expected amounts to be processed within the next 12 months. Ore stockpile inventories not expected to be processed within the next 12 months, if any, are classified as long-term.

	In-process Inventories: In-process inventories represent materials that are currently in the process of being converted to a saleable product. In-process inventories are valued at the lower of average cost or net realizable value attributable to the source material plus the in-process conversion costs, including applicable depreciation relating to the process facilities incurred to that point in the process.

	Siliceous Flux Material Inventories: The siliceous flux material inventories represent ore stockpiles that have been crushed and screened to the customer’s specifications, and represent a saleable product.

	Concentrate Inventories: Concentrates inventories include metal concentrates located either at the Company’s facilities or in transit to the customer’s port. Inventories consist of gold and silver metal concentrates and represent a saleable product.

	Property, Equipment and Mine Development

Property and Equipment

Property and equipment are carried at cost. Maintenance and repairs that do not improve or extend the life of the respective assets are expensed as incurred. Expenditures for new property or equipment and expenditures that extend the useful lives of existing property and equipment are capitalized and recorded at cost. Upon retirement, sale or other disposition, the cost and accumulated amortization are eliminated and the gain or loss is included in operations. Depreciation is taken over the estimated useful lives of the assets using the straight-line method. The estimated useful lives of property and equipment are shown below. Land is not depreciated.

	Estimated Useful Life
Leasehold improvements	3 Years
Office furniture and equipment	3 Years
Mine processing equipment and buildings	7 – 20 Years
Plant	3 – 9 Years
Tailings	3 Years
Environmental and permits	7 Years
Asset retirement obligation	5 Years
Automotive	3 – 5 Years
Software	5 Years

Mine Development

Mine development costs include engineering and metallurgical studies, drilling and other related costs to delineate an ore body, and the building of access ways, shafts, lateral access, drifts, ramps and other infrastructure in an underground mine. Costs incurred before mineralization is classified as proven and probable reserves are expensed and classified as exploration expense. Capitalization of mine development project costs, that meet the definition of an asset, begins once mineralization is classified as proven and probable reserves.

Drilling and related costs are capitalized for an ore body where proven and probable reserves exist and the activities are directed at obtaining additional information on the ore body or converting non-reserve mineralization to proven and probable reserves. All other drilling and related costs are expensed as incurred. Drilling costs incurred during the production phase for operational ore control are allocated to inventory costs and then included as a component of costs applicable to sales.

Mine development is amortized using the units-of-production method based upon estimated recoverable tonnage in proven and probable reserves. To the extent that these costs benefit an entire ore body, they are amortized over the estimated life of the ore body. Costs incurred to access specific ore blocks or areas that only provide benefit over the life of that area are amortized over the estimated life of that specific ore body.

Idle Equipment

The Company has certain idle equipment in storage related primarily to the Black Canyon project. The equipment’s carrying value totaled $411,600 and $1,223,528 as of March 31, 2014 and June 30, 2013, respectively. The Company re-evaluated the carrying value of the idle equipment during the current period in connection with the possible sale of the idle equipment. The current estimated value is based on a detailed review of the idle equipment inventory and valuation in the current market for used processing equipment. The Company recorded an impairment of $761,928 during the nine months ended March 31, 2014 compared to $-in the same comparable prior period in 2013.

Mineral Properties

Mineral properties are capitalized at their fair value at the acquisition date, either as an individual asset purchase or as part of a business combination. When it is determined that a mineral property can be economically developed as a result of establishing reserves, subsequent mine development are capitalized and are amortized using the units of production method over the estimated life of the ore body based on estimated recoverable tonnage in proven and probable reserves.

The Company’s mineral rights generally are enforceable regardless of whether proven and probable reserves have been established. The Company has the ability and intent to renew mineral interests where the existing term is not sufficient to recover all identified and valued proven and probable reserves and/or undeveloped mineralized material.

Impairment of Long-Lived Assets

The Company reviews and evaluates long-lived assets for impairment when events or changes in circumstances indicate the related carrying amounts may not be recoverable. The assets are subject to impairment consideration if events or circumstances indicate that their carrying amount might not be recoverable. An impairment loss is recognized when estimated undiscounted future cash flows expected to result from the use of the asset and its eventual disposition is less than its carrying amount. When impairment is identified, the carrying amount of the asset is reduced to its estimated fair value.

The Company is in process of discussions with various strategic financing sources at this time. It is unknown if such discussions will be successful in attaining a financing facility that would allow the Company to continue operations under a revised business plan. If discussions with these financing sources are unsuccessful the Company will not be able to continue as a going concern, and will likely be forced to seek relief under the U.S. Bankruptcy Code. At that time the Company would have to evaluate the circumstances and the potential impairment on its long- lived assets.

As of March 31, 2014, no events or circumstances have happened to indicate the related carrying values of long-lived assets may not be recoverable.

Derivative Financial Instruments

The Company does not use derivative instruments to hedge exposures to cash flow, market, or foreign currency risks.

The Company reviews the terms of convertible debt, equity instruments and other financing arrangements to determine whether there are embedded derivative instruments, including embedded conversion options that are required to be bifurcated and accounted for separately as a derivative financial instrument. Also, in connection with the issuance of financing instruments, the Company may issue freestanding options or warrants that may, depending on their terms, be accounted for as derivative instrument liabilities, rather than as equity. The Company may also issue options or warrants to non-employees in connection with consulting or other services.

Derivative financial instruments are initially measured at their fair value. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value and is then re-valued at each reporting date, with changes in the fair value reported as charges or credits to income. For warrant-based derivative financial instruments, the Company uses the Black-Scholes option pricing model to value the derivative instruments. To the extent that the initial fair values of the freestanding and/or bifurcated derivative instrument liabilities exceed the total proceeds received, an immediate charge to income is recognized, in order to initially record the derivative instrument liabilities at their fair value.

The discount from the face value of the convertible debt or equity instruments resulting from allocating some or all of the proceeds to the derivative instruments, together with the stated interest on the instrument, is amortized over the life of the instrument through periodic charges to income, usually using the effective interest method.

The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is reassessed at the end of each reporting period. If reclassification is required, the fair value of the derivative instrument, as of the determination date, is reclassified. Any previous charges or credits to income for changes in the fair value of the derivative instrument are not reversed. Derivative instrument liabilities are classified in the balance sheet as current or non-current based on whether or not net-cash settlement of the derivative instrument could be required within twelve months of the balance sheet date.

Reclamation Costs

Reclamation obligations are recognized when incurred and recorded as liabilities at fair value. The liability is accreted over time through periodic charges to earnings. In addition, the asset retirement cost is capitalized as part of the asset’s carrying value and amortized over the life of the related asset. Reclamation costs are periodically adjusted to reflect changes in the estimated present value resulting from the passage of time and revisions to the estimates of either the timing or amount of the reclamation costs. The reclamation obligation is based upon when spending for an existing disturbance will occur. The Company reviews, on an annual basis, unless otherwise deemed necessary, the reclamation obligation at each mine site in accordance with ASC guidance for reclamation obligations. As of March 31, 2014 and June 30, 2013, the Company had a reclamation obligation totaling $230,511 and $167,746, respectively.

Revenue Recognition

Revenue is recognized when persuasive evidence of an arrangement exists, delivery has occurred physically, the price is fixed or determinable, no related obligations remain and collectability is probable.

Sales of all metals products sold directly to the Company’s metals buyers, including by-product metals, are recorded as revenues upon a buyer either taking physical delivery of the metals product in the case of siliceous flux material or upon the buyer receiving all required documentation necessary to take physical delivery of the metals product in the case of concentrate (generally at the time the product is loaded onto a shipping vessel at the originating port and the bill of lading is generated).

Revenues for metals products are recorded at current market prices at the time of delivery and are subsequently adjusted to the current market prices existing at the end of each reporting period. Due to the period of time existing between delivery and final settlement with the buyer, the Company estimates the prices at which sales will be settled. Changes in metals prices between delivery and final settlement will result in adjustments to revenues previously recorded.

Sales of metals products are recorded net of charges from the buyer for treatment, refining, smelting losses, and other negotiated charges. Charges are estimated upon shipment of product based on contractual terms, and actual charges do not vary materially from estimates. Costs charged by smelters include a metals payable fee, fixed treatment and refining costs per ton of product.

Net Loss Per Share

Basic earnings (loss) per share is calculated by dividing net income (loss) by the weighted average number of common shares outstanding for the period. Diluted earnings per share is calculated by dividing net income (loss) by the weighted average number of common shares and dilutive common stock equivalents outstanding. During the periods when they are anti-dilutive, common stock equivalents, if any, are not considered in the computation. For the nine month periods ended March 31, 2014 and 2013, the impact of outstanding stock equivalents has not been included as they would be anti-dilutive.

Comprehensive Income (Loss)

In addition to net income (loss), comprehensive income (loss) includes all changes in equity during a period, such as cumulative unrealized changes in the fair value of marketable securities available for sale or other investments.

Stock-Based Compensation

In connection with terms of employment with the Company’s executives and employees, the Company occasionally issues options to acquire its common stock. Awards are made at the discretion of the Board of Directors. Such options may be exercisable at varying exercise prices and generally vest over a period of six months to a year.

The Company accounts for share-based compensation based upon on the grant date fair value of the award. The Company estimates the fair value of the award using the Black-Scholes option pricing model for valuation of the share-based payments. The Company believes this model provides the best estimate of fair value due to its ability to incorporate inputs that change over time, such as volatility and interest rates, and to allow for actual exercise behavior of option holders. The simplified method is used to determine compensation expense since historical option exercise experience is limited. The compensation cost is recognized over the expected vesting period.

Recent Accounting Pronouncements

In February 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2013-02, “Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income” (“ASU No. 2013-02”). ASU No. 2013-02 requires entities to provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, entities are required to present, either on the face of the statement where net income is presented or in the notes, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income but only if the amount reclassified is required to be reclassified to net income in its entirety in the same reporting period. For amounts not required to be reclassified in their entirety to net income, entities are required to cross-reference to other disclosures under GAAP that provide additional detail about those amounts. ASU No. 2013-02 became effective in the first quarter of fiscal year 2014. The adoption of ASU No. 2013-02 did not have a material impact on the Company’s results of operations, cash flows or financial condition.

In July 2013, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2013 - 11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists . This ASU clarifies guidance and eliminates diversity in practice on the presentation of unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists at the reporting date. This update requires that an unrecognized tax benefit, or portion of an unrecognized tax benefit, be presented as a reduction of a deferred tax asset for a net operating loss carryforward, a similar tax loss or a tax credit carryforward. If an applicable deferred tax asset is not available or a company does not expect to use the applicable deferred tax asset, the unrecognized tax benefit should be presented as a liability in the financial statements and should not be combined with an unrelated deferred tax asset. This new standard is effective for fiscal years beginning after December 15, 2013, with early adoption permitted, and may be applied either retrospectively or on a prospective basis to all unrecognized tax benefits that exist at the adoption date. The adoption of this ASU did not have a material impact on the Company’s results of operations, cash flows or financial condition.

Other recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force), the AICPA, and the SEC did not, or are not believed by management to, have a material impact on the Company’s present or future consolidated financial statements.

INVENTORY

INVENTORY	9 Months Ended
INVENTORY	Mar. 31, 2014
INVENTORY [Text Block]	'

	NOTE 3 – INVENTORY

	The following table provides the components of inventory as of:

			March 31,		June 30,
			2014		2013
	Stockpiled ore	$	20,414	$	0
	In-process material		24,495		31,203
	Siliceous flux material		25,517		15,477
	Precious metals concentrate		48,230		194,534
		$	118,656	$	241,214

ACCRUED_LIABILITIES

ACCRUED LIABILITIES	9 Months Ended
ACCRUED LIABILITIES	Mar. 31, 2014
ACCRUED LIABILITIES [Text Block]	'

	NOTE 4 - ACCRUED LIABILITIES

	Accrued liabilities consist of the following as of:

			March 31,		June 30,
			2014		2013
	Interest	$	1,205,177	$	368,747
	Vacation		54,322		98,176
	Wages		-		77,260
	Franchise taxes		4,252		15,050
	Royalties		868,646		946,071
	Other		35,964		15,524
	Audit		33,750		27,083
	Property taxes		548,329		226,507
	Mining taxes		-		47,485
	Receivables due Waterton		813,919		-
	Commodity supply agreements		3,520,890		2,784,506
		$	7,100,249	$	4,606,409

	(See NOTE 10 – CONTINGENCIES AND COMMITMENTS, regarding further details of Commodity supply agreements.)

DERIVATIVE_INSTRUMENT_LIABILIT

DERIVATIVE INSTRUMENT LIABILITIES	9 Months Ended
DERIVATIVE INSTRUMENT LIABILITIES	Mar. 31, 2014
DERIVATIVE INSTRUMENT LIABILITIES [Text Block]	'

	NOTE 5 - DERIVATIVE INSTRUMENT LIABILITIES

	The fair market value of the derivative instruments liabilities at March 31, 2013, was determined to be $217,407 with the following assumptions: (1) risk free interest rate of 0.06% to 1.09%, (2) remaining contractual life of 0.38 to 3.46 years, (3) expected stock price volatility of 109.61% to 223.15%, and (4) expected dividend yield of zero. Based upon the change in fair value, the Company has recorded a gain on derivative instruments for the nine months ended March 31, 2014, of $279,513 and a corresponding decrease in the derivative instruments liability.

				Derivative		Derivative		Gain for
				Liability as of		Liability as of		nine months ended
				30-Jun-13		31-Mar-14		31-Mar-14

		Warrants	$	496,920	$	217,407	$	279,513

	The entire amount of derivative instrument liabilities are classified as current due to the fact that settlement of the derivative instruments could be required within twelve months of the balance sheet date.

CONVERTIBLE_NOTES_PAYABLE

CONVERTIBLE NOTES PAYABLE	9 Months Ended
CONVERTIBLE NOTES PAYABLE	Mar. 31, 2014
CONVERTIBLE NOTES PAYABLE [Text Block]	'

	NOTE 6 –CONVERTIBLE NOTES PAYABLE

	Senior Subordinated Convertible Notes

	On October 30, 2007, the Company completed the placement of 10% Senior Subordinated Convertible Notes of $450,000. The notes were placed with three accredited investors for $150,000 each and bear interest at 10% per annum. The notes had term of 60 months at which time all remaining principal and interest was due. Interest accrued for 18 months from the date of closing. Interest on the outstanding principal balance was payable in quarterly installments commencing on the first day of the 19th month following closing. In connection with the transaction, the Company issued a five year warrant for each $2.50 invested, for a total of 180,000 warrants, each warrant giving the note holder the right to purchase one share of common stock at a price of $1.25 per share. At the option of the holders of the convertible notes, the outstanding principal and interest was convertible at any time into shares of the Company’s common stock at conversion price of $1.25 per share. The notes were to be automatically converted into common stock if the weighted average closing sales price of the stock exceeded $2.50 per share for ten consecutive trading days. The shares underlying the notes and warrants are to be registered on request of the note holders, provided the weighted average closing price of the stock exceeds $1.50 per share for ten consecutive trading days.



	On October 31, 2012, the notes with the three accredited investors became due and payable. On January 15, 2013, the maturity dates for the convertible senior subordinated notes aggregating $450,000 were extended for a period of two years from the original maturity dates. Additionally, the convertible price of the notes was reduced to $0.40 and the automatic conversion price of $2.50 was reduced to $0.80. In connection with the extension of the notes, 562,500 warrants were issued with a strike price of $0.40 and term of two years from the original maturity dates; 375,000 warrants expiring on October 23, 2014 and the remaining 187,500 warrants with an expiration date of November 20, 2014.

	At March 31, 2014 and June 30, 2013, the outstanding principal balance on the senior subordinated convertible notes, was $450,000 and along with the unamortized discount is classified as current.

	Convertible Secured Notes

	In October and November 2012, the Company received advances totaling A$3,900,000, representing cash proceeds of $3,985,000, from International Goldfields Limited (ASX: IGS) in fulfillment of an important condition of the Binding Heads of Agreement dated October 8, 2012 between the Company and IGS. The funds were advanced by way of two secured convertible notes. The convertible notes bear interest at a rate of 6% per annum, have a three-year term, and are secured by the Company’s contractual rights to the Mogollon property. The Company has the right to prepay the notes at any time without any premium or penalty. Should the Company fail to repay the notes on the maturity date or should an event of default occur, then IGS may choose to have the outstanding amounts repaid in the Company’s shares at a conversion rate equal to the daily volume weighted average sales price for the twenty trading days immediately preceding the date of conversion.

	In June 2013, the Company negotiated an additional A$2.0 million capital injection from IGS by way of a secured convertible note. In conjunction with this financing, the Company agreed to explore a listing on the Singapore Catalist Stock Exchange (SGX-ST). The convertible note will bear interest at a rate of 10% per annum, has a maturity date of October 31, 2015, and is secured by the Company’s contractual rights in the Mogollon property. The note is repayable in cash or Santa Fe Gold stock, at IGS’s election, upon a refinancing of the Company’s loan from Waterton. Additionally, a facilitation fee of $300,000 common stock of the Company is due to IGS upon the first to occur of the maturity date, refinancing date of the note, or date that all principal and interest on the note is paid-in-full. As of March 31, 2014, the Company had received advances totaling $1,250,000 in connection with the secured convertible note. When the proposed Merger Agreement with Tyhee was signed, IGS and the Company agreed to have all outstanding amounts under the notes satisfied by the issue of Company’s stock aggregating 9,259,259 shares. The Company recorded a gain of $615,781 on the extinguishment of the debt. The stock was issued pursuant to an exemption from registration under Regulation S of the Securities Act of 1933, as amended, and IGS is restricted from selling any of such stock into the US or to any US person.

	At March 31, 2014, the outstanding balance on the Secured Convertible Notes was $4,056,330.

	The components of the convertible notes payable are as follows:

		March 31, 2014:		Principal		Unamortized
				Amount		Discount			Net
		Current portion	$	450,000	$	(29,388	)	$	420,612
		Long-term portion, net of current		3,606,330		-			3,606,330

			$	4,056,330	$	(29,388	)	$	4,026,942

		June 30, 2013:		Principal		Unamortized
				Amount		Discount			Net
		Current portion	$	-	$	-		$	-
		Long-term portion, net of current		4,011,792		(60,482	)		3,951,310

			$	4,011,792	$	(60,482	)	$	3,951,310

SENIOR_SECURED_GOLD_STREAM_CRE

SENIOR SECURED GOLD STREAM CREDIT AGREEMENT	9 Months Ended
SENIOR SECURED GOLD STREAM CREDIT AGREEMENT	Mar. 31, 2014
SENIOR SECURED GOLD STREAM CREDIT AGREEMENT [Text Block]	'

	NOTE 7 – SENIOR SECURED GOLD STREAM CREDIT AGREEMENT

	On March 23, 2011, the Company and its subsidiaries entered into a Senior Secured Gold Stream Credit Agreement (the “Credit Agreement”) with Waterton Global Value, L.P. (“Waterton”). The Credit Agreement provided for two $10 million tranches and a $5 million revolving working capital facility. On December 23, 2011, the Company closed the first $10 million tranche of the Credit Agreement. The second $10 million tranche was earmarked to fund the strategic acquisition of Columbus Silver and was not drawn down due to the expiration of the Columbus Silver acquisition agreement.

	Proceeds from the initial $10 million tranche of the Credit Agreement were used to retire the Company’s $5 million, 15% Senior Secured Bridge loan with Victory Park Capital Advisors, LLC, in addition to the payment of transaction fees and expenses. The Company utilized the remaining net proceeds for operations and working capital for the Summit silver-gold project.

	The Credit Agreement provides for a 9% coupon and the initial $10 million tranche amortized over a 12 -month term with the first payment due July 31, 2012. In connection with the transaction, the Company entered into a gold and silver sale agreement (the “Gold and Silver Supply Agreement”) to sell the gold and silver originating from the Summit property to Waterton. See NOTE 10 - COMMITMENTS.

	Pursuant to a series of guarantees, security agreements, deeds of trust, a mortgage and a stock pledge agreement, the senior obligations are secured by a first priority lien on the stock of the Company’s subsidiaries and on liens covering substantially all of the Company’s assets, with the exception of the Ortiz gold project, including the Summit silver-gold project, the Black Canyon mica project, and the Planet micaceous iron oxide project. Existing creditor, Sandstorm Gold (Barbados) Ltd., executed an intercreditor agreement that provides for subordination of its security interests in favor of Waterton. The outstanding principal amounts owed under the Credit Agreement are aggregated with Notes Payable for financial statement presentation. See NOTE 8 - NOTES PAYABLE.

	On October 9, 2012, the Company entered into the First Amendment to the Credit Agreement which modified the due dates of certain principal payments on the note. The amendment provided for principal payments of $1,082,955 in October 2012, $500,000 on November 30, 2012, $-in December 2012 and January 2013, and $3,852,275 on February 28, 2013. All other principal payments remained unchanged and interest payments continued to be due monthly. The Company has not made the principal payments for February 2013 or subsequent months. In addition, the July through March 2014 interest payments have not been made and are outstanding at March 31, 2014.

	On June 30, 2013, the Company signed a Waiver of Default Letter (the “Letter”) with Waterton Global Value, L.P. (“Waterton”) wherein the Company agreed to sell, convey, assign and transfer certain accounts receivable as consideration for a waiver for non-payment to Waterton under the Credit Agreement. The transfer of the accounts receivable to Waterton were applied as payment towards outstanding interest payable amounts first with any remaining transfer of receivables treated as payment towards other indebtedness under the Credit Agreement, including principal on the note. The measurement of receivables transferred was subject to revaluation in accordance with mark-to-market adjustments and final settlement of the invoices. The initial valuation of receivables under the Letter was $1,053,599 at June 30, 2013. Under terms of the Letter, interest payable was reduced by $116,693 and the principal portion of the note was reduced by $768,263, while the remaining $168,643 was recorded as financing costs in interest expense at June 30, 2013. The outstanding principal balance on the note after reduction for the transferred receivables was $7,011,282 at June 30, 2013.

	As of September 30, 2013, the valuation of receivables sold under the Letter was finalized at $1,018,056. Accordingly, final valuation adjustments were made to increase the principal portion of the note outstanding by $29,145 and to decrease financing costs by $6,398. After recording final valuation adjustments, the principal portion of the note was ultimately reduced by $739,118, while the amount recorded over two quarters as financing costs in interest expense was $162,245. There was no final valuation adjustment to interest payable. The outstanding principal balance on the note after reduction for the transferred receivables is $7,040,427 at March 31, 2014. Additionally, $813,919 of collected accounts receivable sold to Waterton remains to be remitted to them and is recorded in Other Accrued Liabilities at March 31, 2014.

	Waterton may revoke the waiver at any time and note the Company in default under the Credit Agreement. In the event that Debt Restructurings are not consummated, or should any of Waterton’s indebtedness be accelerated, the Company will not have adequate liquidity to fund its operations, meet its obligations (including its debt payment obligations) and continue as a going concern, and will likely be forced to seek relief under Chapter 11 or 15 of the U.S. Bankruptcy Code (or an involuntary petition for bankruptcy relief or similar creditor action may be filed against it).

NOTES_PAYABLE

NOTES PAYABLE	9 Months Ended
NOTES PAYABLE	Mar. 31, 2014
NOTES PAYABLE [Text Block]	'

	NOTE 8 – NOTES PAYABLE

	On May 8, 2012, the Company entered into an installment sales contract for $46,379 to purchase certain equipment. The term of the agreement is for 36 months at an interest rate of 5.75%, with the equipment securing the loan.

	On June 1, 2012, the Company entered into an installment sales contract for $593,657 to purchase certain equipment. The term of the agreement is for 48 months at an interest rate of 5.75%, with the equipment securing the loan.

	On October 1, 2013, the Company entered into an agreement to finance insurance premiums in the amount of $168,182 at an interest rate of 4.70% with equal payments of $19,055 including interest, due monthly beginning November 1, 2013 and continuing through July 2014.

	In conjunction with the Merger Agreement, Tyhee and the Company entered into a Bridge Loan Agreement, pursuant to which Tyhee was obligated to advance up to $3.0 million to Santa Fe in accordance with the terms thereof. Tyhee advanced Santa Fe $1,745,092 of principal and accrued interest under the Bridge Loan. The Bridge Loan bears interest at a rate of 1.5% per month. At this time the Company and Tyree are in disagreement as to the due date of the Bridge Loan. Tyhee has provided Santa Fe with purported notice of default under the Bridge Loan Agreement. Given the terms of the Bridge Loan and Merger Agreement, Santa Fe believes Tyhee’s default notice is wrongful.

	The following summarizes notes payable, including the Senior Secured Gold Stream Credit Agreement, at:

			March 31,			June 30,
			2014			2013

	Installment sales contract on equipment,	$	-		$	1,438
	interest at 10.00%, payable in 12 monthly installments
	of $13,073, including interest through July 2013.

	Installment sales contract on equipment,		18,990			31,797
	interest at 5.75%, payable in 36 monthly installments
	of $1,406, including interest through June 2015.

	Installment sales contract on equipment,		350,594			457,760
	interest at 5.75%, payable in 48 monthly installments
	of $13,874, including interest through July 2016.

	Financing contract on insurance premiums,		19,195			-
	interest at 4.70%, payable in 9 monthly installments
	of $19,045, including interest through July 2014.

	Financing contract on insurance premiums,		-			13,792
	interest at 4.70%, payable in 9 monthly installments
	of $13,846, including interest through July 2013.

	Unsecured bridge loan note payable,		1,745,092
	Interest at 1.5% monthly, payable August 17, 2014, six months after
	the first advance on the bridge loan.

	Senior Secured Gold Stream Credit Agreement, interest at		7,040,427			7,011,282
	9.00% per annum, payable monthly in arrears, principal
	payments deferred to July 2012; principal installments are
	$425,000 for July and August 2012, $870,455 monthly for
	September 2012 through June 2013 and $445,450 in
	July 2013; Note amended October 9, 2012, principal installments of
	$1,082,955 due October 2012, $500,000
	November 2012, $0 due December 2012 and January 2013,
	$3,852,275 February 2013, $870,455 March
	through June 2013, and $445,450 in July 2013.


	Total Outstanding Notes Payable		9,174,298			7,516,069
	Less: Current portion		(8,971,084	)		(7,185,877	)
	Notes payable, net of current portion and discount	$	203,214		$	330,192

	The aggregate maturities of notes payable as of March 31, 2014, is as follows:

	Year ending June 30,
	2014		8,845,435
	2015		167,445
	2016		161,418

Total Outstanding Notes Payable	$	9,174,298

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
FAIR VALUE MEASUREMENTS	Mar. 31, 2014
FAIR VALUE MEASUREMENTS [Text Block]	'

	NOTE 9 – FAIR VALUE MEASUREMENTS

	Fair value accounting establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are described below:

		Level 1 –	Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;

		Level 2 –	Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability;

		Level 3 –	Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity).

	Asset and liabilities measured at fair value are classified in their entirety based on the lowest level of input that is significant to their fair value measurement.

	The Company’s financial instruments consist of derivative instruments which are measured at fair value on a recurring basis. The derivatives are measured on their respective origination dates, at the end of each reporting period and at other points in time when necessary, such as modifications, using Level 3 inputs in accordance with GAAP. The Company does not report any financial assets or liabilities that it measures using Level 1 or 2 inputs. The fair value measurement of financial instruments and other assets as of March 31, 2014 and June 30, 2013 are as follows:

					Balance at
		Level 1	Level 2	Level 3	31-Mar-14

	Assets:	- --	- --	- --	- --
	None

	Liabilities:
	Derivative instruments	- --	- --	$217,407	$217,407

					Balance at
		Level 1	Level 2	Level 3	30-Jun-13

	Assets:	- --	- --	- --	- --
	None

	Liabilities:
	Derivative instruments	- --	- --	$496,920	$496,920

	The following represents a reconciliation of the changes in fair value of financial instruments measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three months ended March 31, 2014:

	Derivative instruments liabilities at June 30, 2013	$	496,920
	Gain on derivative instrument liabilities		279,513
	Derivative instruments liabilities at March 31, 2014	$	217,407

CONTINGENCIES_AND_COMMITMENTS

CONTINGENCIES AND COMMITMENTS	9 Months Ended
	Mar. 31, 2014
CONTINGENCIES AND COMMITMENTS [Text Block]	'

	NOTE 10 - CONTINGENCIES AND COMMITMENTS

	Ortiz Gold Project

	On August 1, 2004, the Company entered into an option and lease agreement with Ortiz Mines, Inc., a New Mexico corporation, whereby the Company acquired exclusive rights for exploration, development and mining of gold and other minerals on 57,267 acres (approximately 90 square miles) of the Ortiz Mine Grant in Santa Fe County, New Mexico. On November 1, 2007, the Company relinquished 14,970 acres and retained under lease 42,297 acres (66 square miles). On May 1, 2010, we agreed with Ortiz Mines, Inc., to amend the terms of the lease. Under the amended terms, the lease provides for an extension of the initial term from seven to ten years (17 years in certain circumstances), continuing year-to-year thereafter for so long as we are producing gold or other leased minerals in commercial quantities and otherwise are performing our obligations under the lease. Among other terms, the amended lease provides for annual lease payments of $130,000 ; a sliding-scale production royalty varying from 3% to 5% depending on the price of gold; the requirement that we comply with governmental permitting and other regulations; and other terms common in mining leases of this type. The Ortiz gold project is subject to a property identification agreement between us and our President and Chief Executive Officer.

	The minimum and maximum future payments due on this lease are as follows for the next five years and thereafter:

	Payment Due Date	Minimum Due	Maximum Due ($)
		($)

	1-Feb-15	130,000	260,000
	1-Feb-16	130,000	260,000
	1-Feb-17	130,000	260,000
	1-Feb-18	130,000	260,000
	February 1, 2019 and	130,000	260,000
	thereafter

	Summit Silver-Gold Project

	The Summit project is subject to two underlying royalties and a net proceeds interest as follows: (1) a 7.5% royalty on net smelter returns toward an end price of $1,250,000 ; (2) a 5% royalty on net smelter returns toward an end price of $4,000,000 less any amount paid under the royalty described in (1); and (3) a net proceeds interest of 5% of net proceeds from sales of unbeneficiated mineralized rock until such time as the royalties described in (1) and (2) have been satisfied, and 10% of such net proceeds thereafter toward an end price of $2,400,000. The Summit silver-gold project is subject to a property identification agreement between the Company and President and Chief Executive Officer. The property identification agreement specifies that a 1% royalty be paid on the value of future production from the project.

	Mogollon Option Agreement

	On October 22, 2012, the Company entered into the Mogollon Option Agreement (the “Option Agreement”) with Columbus Exploration Corporation (“Columbus”), formerly Columbus Silver Corporation, following approval of the agreement by the TSX Venture Exchange. Under the agreement, the Company may acquire the Mogollon Project, Catron County, New Mexico, for payments aggregating $4,500,000 scheduled to be paid through the end of 2014. The Company paid an initial $100,000 upon the signing of the agreement and $150,000 upon approval of the agreement by the TSX Venture Exchange. The payment schedule calls for $500,000 to be paid on or before December 30, 2012, and four payments of $937,500 each on June 30, 2013, December 30, 2013, June 30, 2014, and December 30, 2014. Additionally, the Company must maintain the property in good standing by paying underlying claim and lease payments.

	On June 28, 2013 the Company entered into Amendment No. 1 to the Mogollon Option Agreement with Columbus. The amendment defers the due dates of option payments. In accordance with the amendment, the Company paid $50,000 in July 2013 and has an amended payment of $887,500 due on or before December 30, 2013, with three additional payments of $937,500 each due on June 30, 2014, December 30, 2014, and June 30, 2015. In consideration for the amendment, the Company transferred to Columbus its common shares held in the capital of Columbus Exploration Corporation valued at $11,914 at the time of transfer. The Company did not make the payment of $887,500 due on December 30, 2013.

	On March 6, 2014, the Company entered into an Amended and Restated Mogollon Option Agreement with Columbus. Upon execution of the new agreement the Company paid $50,000. To exercise the option the Company had the right to pay an additional $950,000 upon the closing of the merger with Tyhee Gold. In return, the Company will earn a 100% interest in the Mogollon Project with no further payments due. Upon notice of termination of the Merger on March 21, 2014, the Company has the right for three months, until June 21, 2014, to exercise the option and make the remaining payment of $950,000 and earn 100% interest in the Mogollon Project. As of March 31, 2014, the Company has made total payments of $864,159 under the various Option Agreements.

	Smelting Contracts

	The Company’s sales and smelting contracts with LS Nikko, Aurubus, FMI and Asarco are currently suspended pending resumption of production.

	Commodity Supply Agreements

	In September 2009, the Company entered into a definitive gold stream agreement (the “Gold Stream Agreement”) with Sandstorm Gold Ltd. (TSX-V: SSL) (“Sandstorm”) to deliver a portion of the life-of-mine gold production (excluding all silver production) from our Summit silver-gold mine. Under the agreement we received advances of $4,000,000 as an upfront deposit, plus continue to receive future ongoing payments equal to the lesser of: $400 per ounce or the prevailing market price, (the “Fixed Price”) for each ounce of gold delivered pursuant to the agreement for the life of the mine. The Company purchases and delivers refined gold in order to satisfy the requirements of the Gold Stream Agreement and receives the Fixed Price per ounce in cash from Sandstorm. The difference between the prevailing market price and the Fixed Price per ounce for gold delivered is credited against the upfront deposit of $4,000,000 until the obligation is reduced to zero. Future ongoing payments for gold deliveries will continue at the Fixed Price per ounce with no additional credits or advances to be received from Sandstorm. In certain circumstances, including failure to meet minimum production rates, interruption in production due to permitting issues and customary events of default, the agreement may be terminated. In such event, the Company may be required to return to Sandstorm any remaining uncredited balance of the original $4,000,000 upfront deposit. Gold production subject to the agreement includes 50% of the first 10,000 ounces of gold produced, and 22% of the gold thereafter. The net cost of delivering refined gold along with other related transactional costs corresponding to the Gold Stream Agreement are recorded in Other Expenses as financing costs - commodity supply agreements.

	On March 29, 2011, the Company entered into Amendment 1 for the Gold Stream Agreement. The amendment extended the original completion guarantee date from April 2011 to June 30, 2012. The completion guarantee test performs a calculation based upon that percentage of underproduction of gold produced relative to the amount of gold planned to have been produced as set out in the agreement. In exchange for the amended completion guarantee date, the Company agreed to deliver an additional 700 ounces of gold at equivalent sales terms over and above the original agreement. Under the terms of the amendment the delivery of the additional gold was to be made prior to June 30, 2011.

	On June 28, 2011, the Company entered into Amendment 2 for the Gold Stream Agreement. The amendment extended the delivery date for the additional 700 ounces of gold agreed upon in Amendment 1 from June 30, 2011 until October 15, 2011. In exchange for the new deferred delivery date the Company agreed to pay a per diem of 3 ounces of gold for each day the additional gold under Amendment 1 remained outstanding past June 30, 2011 until the actual date of delivery, no later than October 15, 2011. On August 9, 2011 the Company satisfied the requirements of Amendment 2 and delivered 817 ounces of gold. The net cost of delivering the gold after receiving payment from Sandstorm of $400 per ounce delivered was $1,075,785.

	At June 30, 2012, the Company calculated the completion guarantee payable provided by Amendment 1. Based upon the provisions of the Gold Stream Agreement and the related completion guarantee test, incremental financing charges totaling $504,049 were recognized and accrued at June 30, 2012. These accrued charges, combined with the remaining uncredited liability for the upfront deposit totaled $3,359,873 at March 31, 2014 and June 30, 2013 and are reported as the Completion guarantee payable.

	Under the Gold Stream Agreement the Company has a recorded obligation at March 31, 2014, of 3,676 ounces of undelivered gold valued at approximately $3.3 million, net of the Fixed Price of $400 per ounce to be received upon delivery.

	On December 23, 2011, the Company and its subsidiaries entered into a Senior Secured Gold Stream Credit Agreement (the “Credit Agreement”) with Waterton Global Value, L.P. (“Waterton”). The Credit Agreement provided for two $10 million tranches and a $5 million revolving working capital facility. On December 23, 2011, the Company closed the first $10 million tranche of the Credit Agreement. The second $10 million tranche, which was subject to several funding conditions, was earmarked to fund the strategic acquisition of Columbus Silver. The acquisition did not occur and consequently the second tranche was not drawn down. As part of the transaction, the Company agreed pursuant to a gold and silver sale agreement (the “Gold and Silver Supply Agreement”) to sell refined gold and silver to Waterton for the life the Summit mine. Gold and silver subject to the agreement includes all gold and silver originating from the Summit property that is not otherwise committed to delivery to and purchased by Sandstorm Gold, Ltd, pursuant to the September 9, 2011 Gold Stream Agreement. The sales price for refined gold and silver is based upon a formulation which considers the London Bullion Market Association (“LBMA”) PM fix settlement price for each respective metal, less a discount of three percent for each metal, and a transaction cost of $1.75 per ounce for gold and $0.07 per ounce for silver. The discount on gold and silver is only applicable until and ceases after the later of either, three years after all outstanding amounts due under the Senior Secured Gold Stream Credit Agreement have been repaid, or the date on which the Company has sold 125,000 gold equivalent ounces under the Gold and Silver Supply Agreement. The Company has recorded an obligation of $242,578 at March 31, 2014 related to the Gold and Silver Supply Agreement.

	The Company refers to the Gold Stream Agreement and Gold and Silver Supply Agreement collectively as the commodity supply agreements and records the costs related to these agreements in financing costs – commodity supply agreements.

STOCKHOLDERS_EQUITY

STOCKHOLDERS EQUITY	9 Months Ended
STOCKHOLDERS EQUITY	Mar. 31, 2014
STOCKHOLDERS EQUITY [Text Block]	'

	NOTE 11 - STOCKHOLDERS’ EQUITY

	Issuance of Stock

	On January 23, 2014, the entire outstanding principal amount of the certain A$2.0 million Secured Convertible Note, dated June 23, 2013, issued by the Company and payable to IGS, including all accrued interest and any other amounts due or payable by the Company there under, was converted into 9,259,259 shares of common stock. The stock was issued pursuant to an exemption from registration under Regulation S of the Securities Act of 1933, as amended, and IGS is restricted from selling any of such shares into the US or to any US person. The amount payable at the time of conversion was $1,263,930, which included principal and accrued interest. The Company recorded a gain of $615,781 on extinguishment of the debt.

	Issuance of Warrants

	On July 31, 2012, the Company entered into a one year agreement for investment banking services. In connection with the agreement the Company issued 4,500,000 five year warrants to purchase common stock at an exercise price of $0.40 per share. The warrants are exercisable immediately. Using the Black-Scholes option pricing model, the initial fair market value for the warrants upon execution of the agreement was determined to be $927,450 with the following assumptions: risk-free rate of interest of 0.60%, expected life of 5 years, expected stock price volatility of 82.19%, and expected dividend yield of zero. The amount has been reported as stock compensation over the period of the agreement and $78,770 was expensed during the nine months ended March 31, 2014, with $-remaining as unreported stock compensation.

	On January 23, 2014, the exercise prices for certain warrants were adjusted due to ratchet provisions contained in the agreements; 6,750,000 warrants were adjusted from an exercise price of $0.40 to $0.135 while 500,000 warrants were adjusted from an exercise price of $0.91 to $0.87. Additionally, both the exercise price and the number of warrants were adjusted on a third group as follows: 500,000 warrants were increased to 523,434 warrants with the exercise price adjusted from $0.40 to $0.38.

	Stock Options and the 2007 Equity Incentive Plan

	During the nine months ended March 31, 2014, 600,000 options were granted, 630,000 options cancelled and 350,000 options expired .

	On December 31, 2012, the Company granted five-year options to officers and various employees to purchase 525,000 shares of common stock at an option exercise price of $0.36 per share, the closing price on the date of grant. The options will vest on January 1, 2014. The options were valued at $91,263 using the Black-Scholes option pricing model. The options were valued using the following significant assumptions: a risk free interest rate of 0.36%, expected life of 3.00 years, stock price volatility of 74.30% and expected dividend yield of zero. Stock-based compensation of $46,007 was expensed during the nine months ended March 31, 2014 and with $-remaining as unreported stock compensation.

	On August 6, 2013, in connection with the appointment of three new directors, Company granted 200,000 five-year options to each new director. The options will vest on August 6, 2014. The options were valued at $44,558 using the Black-Scholes option pricing model. The options were valued using the following significant assumptions: a risk-free interest rate of 0.62%, expected life of 3.0 years, stock price volatility of 82.66% and expected dividend yield of zero. Stock-based compensation of $29,054 was expensed during the nine months ended March 31, 2013 and $15,504 will be reported over the remaining vesting period.

	On October 15, 2013, the Company amended the expiration date of an aggregate of 4,000,000 outstanding common stock options. The options were originally scheduled to expire on October 15, 2013. The expiration date of the 4,000,000 options was extended to October 15, 2016. The incremental increase in the fair value of the options was determined to be $252,020 using the Black-Scholes option pricing model and was expensed as stock-based compensation during nine months ended March 31, 2014. The options were valued using the following significant assumptions: a risk-free interest rate of 0.16%, expected life of 1.5 years, stock price volatility of 79.28% and expected dividend yield of zero.

	In addition to options under the 1989 Stock Option Plan and 2007 EIP, the Company previously issued non-plan options outside of these plans, exercisable over various terms up to a maximum of ten years.

	Stock option and warrant activity, both within the 1989 Stock Option Plan and 2007 EIP and outside of these plans, for the nine months ended March 31, 2014, are as follows:

		Stock Options		Stock Warrants
			Weighted		Weighted
			Average		Exercise
		Shares	Price	Shares	Price
	Outstanding at June 30, 2013	8,970,000	$0.30	25,401,587	$0.67
	Granted	600,000	$0.14	23,434	$0.38
	Canceled	-630,000	$0.36	- --	- --
	Expired	-350,000	$1.24	- --	- --
	Exercised	- --	- --	- --	- --
	Outstanding at March 31, 2014	8,590,000	$0.24	25,425,021	$0.63

	Stock options and warrants outstanding and exercisable at March 31, 2014, are as follows:

	Outstanding and Exercisable Options										Outstanding and Exercisable Warrants
							Weighted							Weighted
							Average							Average
							Contractual		Weighted					Contractual		Weighted
	Exercise						Remaining		Average		Exercise			Remaining		Average
	Price		Outstanding			Exercisable	Life		Exercise		Price	Outstanding	Exercisable	Life		Exercise
	Range		Number			Number	(in Years)		Price		Range	Number	Number	(in Years)		Price
	$0.11		4,000,000			4,000,000	2.55	$	0.11	$	0.135	6,750,000	6,750,000	0.75	$	0.135
	$0.14		600,000			- -	4.35	$	0.14	$	0.38	523,434	523,434	3.46	$	0.38
										$	0.4	11,306,786	11,306,786	3.23	$	0.4
	$0.32		450,000			450,000	3.76	$	0.32	$	0.87	500,000	500,000	2.34	$	0.87
	$0.36		3,290,000			3,290,000	3.76	$	0.36	$	1	600,000	600,000	2.61	$	1
	$1.00		250,000			250,000	1.04	$	1	$	1.06	253,773	253,773	0.28	$	1.06
			- -			- -				$	1.25	250,000	250,000	0.8	$	1.25
			- -			- -				$	1.5	933,334	933,334	1.63	$	1.5
			- -			- -				$	1.625	461,539	461,539	0.75	$	1.625
			- -			- -				$	1.7	3,846,155	3,846,155	0.81	$	1.7
			8,590,000			7,990,000						25,425,021	25,425,021

			Outstanding Options				3.16	$	0.24		Outstanding Warrants			1.95	$	0.63

			Exercisable Options				3.07	$	0.25		Exercisable Warrants			1.95	$	0.63

As of March 31, 2014, the aggregate intrinsic value of all stock options and warrants vested and expected to vest was $-and the aggregate intrinsic value of currently exercisable stock options and warrants was $-The intrinsic value of each option share is the difference between the fair market value of the common stock and the exercise price of such option or warrant share to the extent it is "in-the-money". Aggregate intrinsic value represents the value that would have been received by the holders of in-the-money options had they exercised their options on the last trading day of the quarter and sold the underlying shares at the closing stock price on such day. The intrinsic value calculation is based on the $0.05 closing stock price of the common stock on March 31, 2014. There were no In-the-money options and warrants vested and exercisable as of March 31, 2014.

The total intrinsic value associated with options exercised during the nine months ended March 31, 2014, was $-Intrinsic value of exercised shares is the total value of such shares on the date of exercise less the cash received from the option or warrant holder to exercise the options.

The total fair value of options and warrants granted and extended during the nine months ended March 31, 2014, was approximately $296,579. The total grant-date fair value of option and warrant shares vested during the nine months ended March 31, 2014, was $16,189.

LEGAL_PROCEEDINGS

LEGAL PROCEEDINGS	9 Months Ended
LEGAL PROCEEDINGS	Mar. 31, 2014
LEGAL PROCEEDINGS [Text Block]	'

	NOTE 12 – LEGAL PROCEEDINGS

	In October 2013 Lone Mountain Ranch, LLC, owner of the surface estate overlying our Ortiz gold property, filed a lawsuit against the Company and our lessor, Ortiz Mines, Inc. The lawsuit seeks to clarify Lone Mountain Ranch's rights and obligations under the split estate regime. Specifically, Lone Mountain Ranch seeks a declaratory judgment that it may participate in permit hearings, agency proceedings, and private activities related to the permitting of the Ortiz project without being in violation of common law duties to not interfere with development of the mineral estate.

	On March 5, 2014 the Company announced it had received notice that Tony Cavanaugh, an alleged stockholder of the Company, filed in the Second Judicial District Court of the State of New Mexico, County of Bernalillo, a purported class action complaint on behalf of himself and all others similarly situated, against the Company, the five current members of its Board of Directors, and Tyhee Gold Corp. and Tyhee Merger Sub, Inc. (collectively, “Tyhee”). The plaintiff contended that the members of the Company’s Board of Directors breached their fiduciary duties arising out of their efforts to effectuate the merger of Santa Fe and Tyhee pursuant to an unfair process, for an unfair price and lacking material disclosures. Further, the plaintiff contended that Tyhee aided and abetted such conduct. The plaintiff’s complaint sought, among other things, damages, injunctive relief, recession of the proposed Tyhee transaction to the extent already implemented, and reasonable attorneys’ and experts’ fees. On March 31, 2014 the Company announced that the purported class action filed by Tony Cavanaugh had been dismissed without prejudice.

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	9 Months Ended
SUBSEQUENT EVENTS	Mar. 31, 2014
SUBSEQUENT EVENTS [Text Block]	'

	NOTE 13 – SUBSEQUENT EVENTS

	On April 3, 2014, the Company agreed to issue 370,371 shares of Santa Fe’s common stock at a price of $0.135 per share to Muzz Investments LLC, in fulfillment of the obligation to pay $50,000 in return for release of any residual liability related to the 2006 sale of real properly in Glendale, Arizona formerly owned by Azco Mica, Inc.

	On May 12, 2014, the Company announced the appointment of Mr. Frank Mueller as Interim CFO and Corporate Secretary, to replace Mr. Michael Martinez and Mr. Ryan Carson who have departed the Company and who previously held those respective positions.

Recovered_Sheet1

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Mar. 31, 2014
Basis of Presentation and Going Concern [Policy Text Block]	'

	Basis of Presentation and Going Concern

	The financial statements have been prepared on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities and commitments in the normal course of business. Should the Company be unable to continue as a going concern, it may be unable to realize the carrying value of its assets and to meet its liabilities as they become due.

	The Company has incurred a loss of $8,331,474 for the nine months ended March 31, 2014, and has a total accumulated deficit of $82,670,117 and a working capital deficit at March 31, 2014 of $22,117,271. The Company began revenue generating operations during the fiscal year ended June 30, 2011, through the sales of precious metal concentrates and flux material.

	On November 8, 2013 the Company suspended all mining operations and placed the mine and mill on a care and maintenance program. The Company is currently working to restructure its debts and obtain adequate capital to restart operations.

	To continue as a going concern, the Company is dependent on achievement of the Debt Restructurings, the closing of a financing with new investors or a strategic transaction, continued fund raising for project development, repayment of various debt facilities and payment of operating and financing expenses until production at the Summit mine site attains cash flow sufficient to cover the Company’s costs. In conjunction with the Merger Agreement, Tyhee and the Company entered into a Bridge Loan Agreement, pursuant to which Tyhee was obligated to advance up to $3.0 million to the Company in accordance with the terms thereof. As of March31, 2014, Tyhee advanced $1,745,092 to the Company pursuant to the terms of the Bridge Loan. The Company has no current continuing commitment from any party to provide additional working capital and there is no assurance that such funding will be available to the Company. At this time, the Company and Tyree are in disagreement as to the repayment due date of the Bridge Loan. The Company does not have adequate liquidity to fund its operations, meet its obligations (including its debt payment obligations) and continue as a going concern, and will likely be forced to seek relief under the U.S. Bankruptcy Code unless the Company can secure other strategic financing alternatives.

	The Company’s consolidated financial statements do not include any adjustment relating to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue in existence.
Principles of Consolidation [Policy Text Block]	'

	Principles of Consolidation

	The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries Azco Mica, Inc., a Delaware corporation, The Lordsburg Mining Company, a New Mexico corporation, Minera Sandia, S.A. de C.V., a Mexican corporation and Santa Fe Gold Barbados Corporation, a Barbados corporation. All significant inter-company accounts and transactions have been eliminated in consolidation.
Reclassifications [Policy Text Block]	'

	Reclassifications

	Certain items in these consolidated financial statements have been reclassified to conform to the current year’s presentation.
Estimates [Policy Text Block]	'

	Estimates

	The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates under different assumptions or conditions.

	Significant estimates are used when accounting for the Company’s carrying value of mineral properties, fixed assets, depreciation and amortization, accruals, derivative instrument liabilities, taxes and contingencies, asset retirement obligations, revenue recognition, and stock-based compensation which are discussed in the respective notes to the consolidated financial statements.
Fair Value Measurements [Policy Text Block]	'

	Fair Value Measurements

	The carrying values of cash and cash equivalents, restricted cash, accounts receivable, accounts payable and accrued liabilities approximated their related fair values as of March 31, 2014 and June 30, 2013, due to the relatively short-term nature of these instruments. The carrying value of the Company’s convertible notes payable approximates the fair value based on the terms at which the Company could obtain similar financing and the short term nature of these instruments.
Cash and Cash Equivalents [Policy Text Block]	'

	Cash and Cash Equivalents

	The Company considers all liquid investments purchased with an initial maturity of three months or less to be cash equivalents. The Company maintains its cash in bank deposit accounts which, at times, may exceed federally insured limits. The Company has not experienced any losses in such accounts. The Company believes it is not exposed to any significant credit risk on cash balances. Restricted cash is excluded from cash and cash equivalents and is included in other assets.
Marketable Securities [Policy Text Block]	'

	Marketable Securities

	Marketable securities are classified as available for sale and classified as current assets as they are subject to use within one year. The marketable securities are carried at fair value with unrealized gains and losses, if any, included as a component of accumulated other comprehensive income (loss) in stockholders’ equity.
Accounts Receivable [Policy Text Block]	'

	Accounts Receivable

	Accounts receivable consist of trade receivables from precious metals sales of concentrate and flux. In evaluating the collectability of accounts receivable, the Company analyzes past results and identifies trends for each major payer source of revenue for the purpose of estimating an allowance for doubtful accounts. Data in each major payer source are regularly reviewed to evaluate the adequacy of the allowance, and actual write-offs are charged against the allowance. There was no allowance for doubtful accounts as of March 31, 2013, and June 30, 2013.

	On June 30, 2013, the Company signed a Waiver of Default Letter (the "Letter") with Waterton wherein the Company agreed to sell, convey, assign and transfer certain accounts receivable as consideration for Waterton's waiver for non-payment under the Senior Secured Gold Stream Agreement. The transfer of the accounts receivable to Waterton are to be applied as payment towards outstanding interest amounts first and any remaining transfer of receivables are then applied as payment towards other indebtedness under the Credit Agreement, including principal on the note. The measurement of receivables transferred is subject to revaluation in accordance with mark-to-market adjustments and final settlement of the invoices. The valuation of receivables transferred under the Letter was $1,053,599 at June 30, 2013.

	As of September 30, 2013, the valuation of receivables sold under the Letter was finalized at $1,018,056. Additionally, $813,919 of collected accounts receivable sold to Waterton still remains to be remitted to them and is recorded in Other Accrued Liabilities at March 31, 2014. See NOTE 7 - SENIOR SECURED GOLD STREAM CREDIT AGREEMENT.
Inventory [Policy Text Block]	'

	Inventory

	Major types of inventories include ore stockpile inventories, in-process inventories, siliceous flux material inventories and concentrate inventories, as described below. Inventories are carried at the lower of average cost or net realizable value. The net realizable value of ore stockpile inventories and in-process inventories represents the estimated future sales price of the product based on current and future metals prices, less the estimated costs to complete production and bring the product to sale. Concentrate inventories and siliceous flux material inventories are carried at the lower of full cost of production or net realizable value based on current and future metals prices. Write-downs of inventory are reported as a component of costs applicable to sales.

	Ore Stockpile Inventories: Ore stockpile inventories represent mineralized materials that have been mined and are available for further processing. Costs are allocated to ore stockpile inventories based on relative values of material stockpiled and processed using current mining costs incurred up to the point of stockpiling the ore, including applicable overhead, depreciation, and amortization. Material is removed from the stockpile at an average cost per ton. The current portion of ore stockpiles is determined based on the expected amounts to be processed within the next 12 months. Ore stockpile inventories not expected to be processed within the next 12 months, if any, are classified as long-term.

	In-process Inventories: In-process inventories represent materials that are currently in the process of being converted to a saleable product. In-process inventories are valued at the lower of average cost or net realizable value attributable to the source material plus the in-process conversion costs, including applicable depreciation relating to the process facilities incurred to that point in the process.

	Siliceous Flux Material Inventories: The siliceous flux material inventories represent ore stockpiles that have been crushed and screened to the customer’s specifications, and represent a saleable product.

	Concentrate Inventories: Concentrates inventories include metal concentrates located either at the Company’s facilities or in transit to the customer’s port. Inventories consist of gold and silver metal concentrates and represent a saleable product.
Property, Equipment and Mine Development [Policy Text Block]	'

	Property, Equipment and Mine Development

	Property and Equipment

	Property and equipment are carried at cost. Maintenance and repairs that do not improve or extend the life of the respective assets are expensed as incurred. Expenditures for new property or equipment and expenditures that extend the useful lives of existing property and equipment are capitalized and recorded at cost. Upon retirement, sale or other disposition, the cost and accumulated amortization are eliminated and the gain or loss is included in operations. Depreciation is taken over the estimated useful lives of the assets using the straight-line method. The estimated useful lives of property and equipment are shown below. Land is not depreciated.

		Estimated Useful Life
	Leasehold improvements	3 Years
	Office furniture and equipment	3 Years
	Mine processing equipment and buildings	7 – 20 Years
	Plant	3 – 9 Years
	Tailings	3 Years
	Environmental and permits	7 Years
	Asset retirement obligation	5 Years
	Automotive	3 – 5 Years
	Software	5 Years

	Mine Development

	Mine development costs include engineering and metallurgical studies, drilling and other related costs to delineate an ore body, and the building of access ways, shafts, lateral access, drifts, ramps and other infrastructure in an underground mine. Costs incurred before mineralization is classified as proven and probable reserves are expensed and classified as exploration expense. Capitalization of mine development project costs, that meet the definition of an asset, begins once mineralization is classified as proven and probable reserves.

	Drilling and related costs are capitalized for an ore body where proven and probable reserves exist and the activities are directed at obtaining additional information on the ore body or converting non-reserve mineralization to proven and probable reserves. All other drilling and related costs are expensed as incurred. Drilling costs incurred during the production phase for operational ore control are allocated to inventory costs and then included as a component of costs applicable to sales.

	Mine development is amortized using the units-of-production method based upon estimated recoverable tonnage in proven and probable reserves. To the extent that these costs benefit an entire ore body, they are amortized over the estimated life of the ore body. Costs incurred to access specific ore blocks or areas that only provide benefit over the life of that area are amortized over the estimated life of that specific ore body.
Idle Equipment [Policy Text Block]	'

	Idle Equipment

	The Company has certain idle equipment in storage related primarily to the Black Canyon project. The equipment’s carrying value totaled $411,600 and $1,223,528 as of March 31, 2014 and June 30, 2013, respectively. The Company re-evaluated the carrying value of the idle equipment during the current period in connection with the possible sale of the idle equipment. The current estimated value is based on a detailed review of the idle equipment inventory and valuation in the current market for used processing equipment. The Company recorded an impairment of $761,928 during the nine months ended March 31, 2014 compared to $-in the same comparable prior period in 2013.
Mineral Properties [Policy Text Block]	'

	Mineral Properties

	Mineral properties are capitalized at their fair value at the acquisition date, either as an individual asset purchase or as part of a business combination. When it is determined that a mineral property can be economically developed as a result of establishing reserves, subsequent mine development are capitalized and are amortized using the units of production method over the estimated life of the ore body based on estimated recoverable tonnage in proven and probable reserves.

	The Company’s mineral rights generally are enforceable regardless of whether proven and probable reserves have been established. The Company has the ability and intent to renew mineral interests where the existing term is not sufficient to recover all identified and valued proven and probable reserves and/or undeveloped mineralized material.
Impairment of Long-Lived Assets [Policy Text Block]	'

	Impairment of Long-Lived Assets

	The Company reviews and evaluates long-lived assets for impairment when events or changes in circumstances indicate the related carrying amounts may not be recoverable. The assets are subject to impairment consideration if events or circumstances indicate that their carrying amount might not be recoverable. An impairment loss is recognized when estimated undiscounted future cash flows expected to result from the use of the asset and its eventual disposition is less than its carrying amount. When impairment is identified, the carrying amount of the asset is reduced to its estimated fair value.

	The Company is in process of discussions with various strategic financing sources at this time. It is unknown if such discussions will be successful in attaining a financing facility that would allow the Company to continue operations under a revised business plan. If discussions with these financing sources are unsuccessful the Company will not be able to continue as a going concern, and will likely be forced to seek relief under the U.S. Bankruptcy Code. At that time the Company would have to evaluate the circumstances and the potential impairment on its long- lived assets.

	As of March 31, 2014, no events or circumstances have happened to indicate the related carrying values of long-lived assets may not be recoverable.
Derivative Financial Instruments [Policy Text Block]	'

	Derivative Financial Instruments

	The Company does not use derivative instruments to hedge exposures to cash flow, market, or foreign currency risks.

	The Company reviews the terms of convertible debt, equity instruments and other financing arrangements to determine whether there are embedded derivative instruments, including embedded conversion options that are required to be bifurcated and accounted for separately as a derivative financial instrument. Also, in connection with the issuance of financing instruments, the Company may issue freestanding options or warrants that may, depending on their terms, be accounted for as derivative instrument liabilities, rather than as equity. The Company may also issue options or warrants to non-employees in connection with consulting or other services.

	Derivative financial instruments are initially measured at their fair value. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value and is then re-valued at each reporting date, with changes in the fair value reported as charges or credits to income. For warrant-based derivative financial instruments, the Company uses the Black-Scholes option pricing model to value the derivative instruments. To the extent that the initial fair values of the freestanding and/or bifurcated derivative instrument liabilities exceed the total proceeds received, an immediate charge to income is recognized, in order to initially record the derivative instrument liabilities at their fair value.

	The discount from the face value of the convertible debt or equity instruments resulting from allocating some or all of the proceeds to the derivative instruments, together with the stated interest on the instrument, is amortized over the life of the instrument through periodic charges to income, usually using the effective interest method.

	The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is reassessed at the end of each reporting period. If reclassification is required, the fair value of the derivative instrument, as of the determination date, is reclassified. Any previous charges or credits to income for changes in the fair value of the derivative instrument are not reversed. Derivative instrument liabilities are classified in the balance sheet as current or non-current based on whether or not net-cash settlement of the derivative instrument could be required within twelve months of the balance sheet date.
Reclamation Costs [Policy Text Block]	'

	Reclamation Costs

	Reclamation obligations are recognized when incurred and recorded as liabilities at fair value. The liability is accreted over time through periodic charges to earnings. In addition, the asset retirement cost is capitalized as part of the asset’s carrying value and amortized over the life of the related asset. Reclamation costs are periodically adjusted to reflect changes in the estimated present value resulting from the passage of time and revisions to the estimates of either the timing or amount of the reclamation costs. The reclamation obligation is based upon when spending for an existing disturbance will occur. The Company reviews, on an annual basis, unless otherwise deemed necessary, the reclamation obligation at each mine site in accordance with ASC guidance for reclamation obligations. As of March 31, 2014 and June 30, 2013, the Company had a reclamation obligation totaling $230,511 and $167,746, respectively.
Revenue Recognition [Policy Text Block]	'

	Revenue Recognition

	Revenue is recognized when persuasive evidence of an arrangement exists, delivery has occurred physically, the price is fixed or determinable, no related obligations remain and collectability is probable.

	Sales of all metals products sold directly to the Company’s metals buyers, including by-product metals, are recorded as revenues upon a buyer either taking physical delivery of the metals product in the case of siliceous flux material or upon the buyer receiving all required documentation necessary to take physical delivery of the metals product in the case of concentrate (generally at the time the product is loaded onto a shipping vessel at the originating port and the bill of lading is generated).

	Revenues for metals products are recorded at current market prices at the time of delivery and are subsequently adjusted to the current market prices existing at the end of each reporting period. Due to the period of time existing between delivery and final settlement with the buyer, the Company estimates the prices at which sales will be settled. Changes in metals prices between delivery and final settlement will result in adjustments to revenues previously recorded.

	Sales of metals products are recorded net of charges from the buyer for treatment, refining, smelting losses, and other negotiated charges. Charges are estimated upon shipment of product based on contractual terms, and actual charges do not vary materially from estimates. Costs charged by smelters include a metals payable fee, fixed treatment and refining costs per ton of product.
Net Loss Per Share [Policy Text Block]	'

	Net Loss Per Share

	Basic earnings (loss) per share is calculated by dividing net income (loss) by the weighted average number of common shares outstanding for the period. Diluted earnings per share is calculated by dividing net income (loss) by the weighted average number of common shares and dilutive common stock equivalents outstanding. During the periods when they are anti-dilutive, common stock equivalents, if any, are not considered in the computation. For the nine month periods ended March 31, 2014 and 2013, the impact of outstanding stock equivalents has not been included as they would be anti-dilutive.
Comprehensive Income (Loss) [Policy Text Block]	'

	Comprehensive Income (Loss)

	In addition to net income (loss), comprehensive income (loss) includes all changes in equity during a period, such as cumulative unrealized changes in the fair value of marketable securities available for sale or other investments.
Stock-Based Compensation [Policy Text Block]	'

	Stock-Based Compensation

	In connection with terms of employment with the Company’s executives and employees, the Company occasionally issues options to acquire its common stock. Awards are made at the discretion of the Board of Directors. Such options may be exercisable at varying exercise prices and generally vest over a period of six months to a year.

	The Company accounts for share-based compensation based upon on the grant date fair value of the award. The Company estimates the fair value of the award using the Black-Scholes option pricing model for valuation of the share-based payments. The Company believes this model provides the best estimate of fair value due to its ability to incorporate inputs that change over time, such as volatility and interest rates, and to allow for actual exercise behavior of option holders. The simplified method is used to determine compensation expense since historical option exercise experience is limited. The compensation cost is recognized over the expected vesting period.
Recent Accounting Pronouncements [Policy Text Block]	'

	Recent Accounting Pronouncements

	In February 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2013-02, “Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income” (“ASU No. 2013-02”). ASU No. 2013-02 requires entities to provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, entities are required to present, either on the face of the statement where net income is presented or in the notes, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income but only if the amount reclassified is required to be reclassified to net income in its entirety in the same reporting period. For amounts not required to be reclassified in their entirety to net income, entities are required to cross-reference to other disclosures under GAAP that provide additional detail about those amounts. ASU No. 2013-02 became effective in the first quarter of fiscal year 2014. The adoption of ASU No. 2013-02 did not have a material impact on the Company’s results of operations, cash flows or financial condition.

	In July 2013, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2013 - 11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists . This ASU clarifies guidance and eliminates diversity in practice on the presentation of unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists at the reporting date. This update requires that an unrecognized tax benefit, or portion of an unrecognized tax benefit, be presented as a reduction of a deferred tax asset for a net operating loss carryforward, a similar tax loss or a tax credit carryforward. If an applicable deferred tax asset is not available or a company does not expect to use the applicable deferred tax asset, the unrecognized tax benefit should be presented as a liability in the financial statements and should not be combined with an unrelated deferred tax asset. This new standard is effective for fiscal years beginning after December 15, 2013, with early adoption permitted, and may be applied either retrospectively or on a prospective basis to all unrecognized tax benefits that exist at the adoption date. The adoption of this ASU did not have a material impact on the Company’s results of operations, cash flows or financial condition.

	Other recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force), the AICPA, and the SEC did not, or are not believed by management to, have a material impact on the Company’s present or future consolidated financial statements.

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	Mar. 31, 2014
Schedule of Property, Plant and Equipment, Estimated Useful Life [Table Text Block]	'
		Estimated Useful Life
	Leasehold improvements	3 Years
	Office furniture and equipment	3 Years
	Mine processing equipment and buildings	7 – 20 Years
	Plant	3 – 9 Years
	Tailings	3 Years
	Environmental and permits	7 Years
	Asset retirement obligation	5 Years
	Automotive	3 – 5 Years
	Software	5 Years

INVENTORY_Tables

INVENTORY (Tables)	9 Months Ended
INVENTORY (Tables)	Mar. 31, 2014
Schedule of Inventory, Current [Table Text Block]	'
			March 31,		June 30,
			2014		2013
	Stockpiled ore	$	20,414	$	0
	In-process material		24,495		31,203
	Siliceous flux material		25,517		15,477
	Precious metals concentrate		48,230		194,534
		$	118,656	$	241,214

ACCRUED_LIABILITIES_Tables

ACCRUED LIABILITIES (Tables)	9 Months Ended
ACCRUED LIABILITIES (Tables)	Mar. 31, 2014
Schedule of Accrued Liabilities [Table Text Block]	'
			March 31,		June 30,
			2014		2013
	Interest	$	1,205,177	$	368,747
	Vacation		54,322		98,176
	Wages		-		77,260
	Franchise taxes		4,252		15,050
	Royalties		868,646		946,071
	Other		35,964		15,524
	Audit		33,750		27,083
	Property taxes		548,329		226,507
	Mining taxes		-		47,485
	Receivables due Waterton		813,919		-
	Commodity supply agreements		3,520,890		2,784,506
		$	7,100,249	$	4,606,409

DERIVATIVE_INSTRUMENT_LIABILIT1

DERIVATIVE INSTRUMENT LIABILITIES (Tables)	9 Months Ended
DERIVATIVE INSTRUMENT LIABILITIES (Tables)	Mar. 31, 2014
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]	'
				Derivative		Derivative		Gain for
				Liability as of		Liability as of		nine months ended
				30-Jun-13		31-Mar-14		31-Mar-14

		Warrants	$	496,920	$	217,407	$	279,513

CONVERTIBLE_NOTES_PAYABLE_Tabl

CONVERTIBLE NOTES PAYABLE (Tables)	9 Months Ended									12 Months Ended
CONVERTIBLE NOTES PAYABLE (Tables)	Mar. 31, 2014									Jun. 30, 2013
Schedule of Convertible Notes Payable and Debentures [Table Text Block]	'									'
		March 31, 2014:		Principal		Unamortized					June 30, 2013:		Principal		Unamortized
				Amount		Discount			Net				Amount		Discount			Net
		Current portion	$	450,000	$	(29,388	)	$	420,612		Current portion	$	-	$	-		$	-
		Long-term portion, net of current		3,606,330		-			3,606,330		Long-term portion, net of current		4,011,792		(60,482	)		3,951,310

			$	4,056,330	$	(29,388	)	$	4,026,942			$	4,011,792	$	(60,482	)	$	3,951,310

NOTES_PAYABLE_Tables

NOTES PAYABLE (Tables)	9 Months Ended
NOTES PAYABLE (Tables)	Mar. 31, 2014
Schedule of Notes Payable [Table Text Block]	'
			March 31,			June 30,
			2014			2013

	Installment sales contract on equipment,	$	-		$	1,438
	interest at 10.00%, payable in 12 monthly installments
	of $13,073, including interest through July 2013.

	Installment sales contract on equipment,		18,990			31,797
	interest at 5.75%, payable in 36 monthly installments
	of $1,406, including interest through June 2015.

	Installment sales contract on equipment,		350,594			457,760
	interest at 5.75%, payable in 48 monthly installments
	of $13,874, including interest through July 2016.

	Financing contract on insurance premiums,		19,195			-
	interest at 4.70%, payable in 9 monthly installments
	of $19,045, including interest through July 2014.

	Financing contract on insurance premiums,		-			13,792
	interest at 4.70%, payable in 9 monthly installments
	of $13,846, including interest through July 2013.

	Unsecured bridge loan note payable,		1,745,092
	Interest at 1.5% monthly, payable August 17, 2014, six months after
	the first advance on the bridge loan.

	Senior Secured Gold Stream Credit Agreement, interest at		7,040,427			7,011,282
	9.00% per annum, payable monthly in arrears, principal
	payments deferred to July 2012; principal installments are
	$425,000 for July and August 2012, $870,455 monthly for
	September 2012 through June 2013 and $445,450 in
	July 2013; Note amended October 9, 2012, principal installments of
	$1,082,955 due October 2012, $500,000
	November 2012, $0 due December 2012 and January 2013,
	$3,852,275 February 2013, $870,455 March
	through June 2013, and $445,450 in July 2013.


	Total Outstanding Notes Payable		9,174,298			7,516,069
	Less: Current portion		(8,971,084	)		(7,185,877	)
	Notes payable, net of current portion and discount	$	203,214		$	330,192
Schedule of Maturities of Notes Payable [Table Text Block]	'
	Year ending June 30,
	2014		8,845,435
	2015		167,445
	2016		161,418

	Total Outstanding Notes Payable	$	9,174,298

FAIR_VALUE_MEASUREMENTS_Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended					12 Months Ended
FAIR VALUE MEASUREMENTS (Tables)	Mar. 31, 2014					Jun. 30, 2013
Fair Value Measurements, Nonrecurring [Table Text Block]	'					'
					Balance at					Balance at
		Level 1	Level 2	Level 3	31-Mar-14		Level 1	Level 2	Level 3	30-Jun-13

	Assets:	- --	- --	- --	- --	Assets:	- --	- --	- --	- --
	None					None

	Liabilities:					Liabilities:
	Derivative instruments	- --	- --	$217,407	$217,407	Derivative instruments	- --	- --	$496,920	$496,920
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]	'					'
	Derivative instruments liabilities at June 30, 2013	$	496,920
	Gain on derivative instrument liabilities		279,513
	Derivative instruments liabilities at March 31, 2014	$	217,407

CONTINGENCIES_AND_COMMITMENTS_

CONTINGENCIES AND COMMITMENTS (Tables)	9 Months Ended
CONTINGENCIES AND COMMITMENTS (Tables)	Mar. 31, 2014
Schedule of Future Minimum and Maximum Lease Payments [Table Text Block]	'
	Payment Due Date	Minimum Due	Maximum Due ($)
		($)

	1-Feb-15	130,000	260,000
	1-Feb-16	130,000	260,000
	1-Feb-17	130,000	260,000
	1-Feb-18	130,000	260,000
	February 1, 2019 and	130,000	260,000
	thereafter

STOCKHOLDERS_EQUITY_Tables

STOCKHOLDERS EQUITY (Tables)	9 Months Ended
STOCKHOLDERS EQUITY (Tables)	Mar. 31, 2014
Schedule of Share-based Compensation, Stock Options, and Warrants or Rights Activity [Table Text Block]	'
		Stock Options		Stock Warrants
			Weighted		Weighted
			Average		Exercise
		Shares	Price	Shares	Price
	Outstanding at June 30, 2013	8,970,000	$0.30	25,401,587	$0.67
	Granted	600,000	$0.14	23,434	$0.38
	Canceled	-630,000	$0.36	- --	- --
	Expired	-350,000	$1.24	- --	- --
	Exercised	- --	- --	- --	- --
	Outstanding at March 31, 2014	8,590,000	$0.24	25,425,021	$0.63
Disclosure of Share based Compensation Arrangements By Shares Based Payment Award and Warrants or Rights [Table Text Block]	'
	Outstanding and Exercisable Options										Outstanding and Exercisable Warrants
							Weighted							Weighted
							Average							Average
							Contractual		Weighted					Contractual		Weighted
	Exercise						Remaining		Average		Exercise			Remaining		Average
	Price		Outstanding			Exercisable	Life		Exercise		Price	Outstanding	Exercisable	Life		Exercise
	Range		Number			Number	(in Years)		Price		Range	Number	Number	(in Years)		Price
	$0.11		4,000,000			4,000,000	2.55	$	0.11	$	0.135	6,750,000	6,750,000	0.75	$	0.135
	$0.14		600,000			- -	4.35	$	0.14	$	0.38	523,434	523,434	3.46	$	0.38
										$	0.4	11,306,786	11,306,786	3.23	$	0.4
	$0.32		450,000			450,000	3.76	$	0.32	$	0.87	500,000	500,000	2.34	$	0.87
	$0.36		3,290,000			3,290,000	3.76	$	0.36	$	1	600,000	600,000	2.61	$	1
	$1.00		250,000			250,000	1.04	$	1	$	1.06	253,773	253,773	0.28	$	1.06
			- -			- -				$	1.25	250,000	250,000	0.8	$	1.25
			- -			- -				$	1.5	933,334	933,334	1.63	$	1.5
			- -			- -				$	1.625	461,539	461,539	0.75	$	1.625
			- -			- -				$	1.7	3,846,155	3,846,155	0.81	$	1.7
			8,590,000			7,990,000						25,425,021	25,425,021

			Outstanding Options				3.16	$	0.24		Outstanding Warrants			1.95	$	0.63

			Exercisable Options				3.07	$	0.25		Exercisable Warrants			1.95	$	0.63

NATURE_OF_OPERATIONS_Narrative

NATURE OF OPERATIONS (Narrative) (Details) (USD $)	Mar. 31, 2014	Jan. 23, 2014
Waterton [Member]	'	'
Payments in Arrears	$8,500,000	'
Sandstorm [Member]	'	'
Payments in Arrears	6,600,000	'
Merger Agreement [Member] \| Tyhee [Member]	'	'
Qualified Financing	'	20,000,000
Break Fee	$300,000	'
Summit silver-gold mine [Member]	'	'
Mineral Property, Interest Held	100.00%	'
Black Canyon mica project [Member]	'	'
Mineral Property, Interest Held	100.00%	'

SUMMARY_OF_SIGNIFICANT_ACCOUNT2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details) (USD $)	3 Months Ended		9 Months Ended			1 Months Ended	4 Months Ended		1 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013	Jun. 30, 2013	Jun. 30, 2013	Sep. 30, 2013	Mar. 31, 2014	Feb. 14, 2014	Jan. 23, 2014
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013	Jun. 30, 2013	Letter with Waterton [Member]	Letter with Waterton [Member]	Letter with Waterton [Member]	Tyhee Bridge Loan Agreement [Member]	Tyhee Bridge Loan Agreement [Member]
Net loss	$2,986,008	$2,533,739	$8,331,474	$7,816,993	'	'	'	'	'	'
Accumulated Deficit	82,670,117	'	82,670,117	'	74,338,643	'	'	'	'	'
Working Capital Deficit	22,117,271	'	22,117,271	'	'	'	'	'	'	'
Obligated Advances Receivable, Amount	'	'	'	'	'	'	'	'	'	3,000,000
Proceeds from Advances	'	'	'	'	'	'	'	'	1,745,092	'
Receivables Transferred	'	'	'	'	'	1,053,599	1,018,056	'	'	'
Receivables due to Waterton	813,919	'	813,919	'	0	'	'	813,919	'	'
Idle Equipment, Net	411,600	'	411,600	'	1,223,528	'	'	'	'	'
Impairment of idle equipment	761,928	0	761,928	0	'	'	'	'	'	'
Asset retirement obligation	$230,511	'	$230,511	'	$167,746	'	'	'	'	'

DERIVATIVE_INSTRUMENT_LIABILIT2

DERIVATIVE INSTRUMENT LIABILITIES (Narrative) (Details) (USD $)	3 Months Ended		9 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013	Jun. 30, 2013
Derivative instrument liabilities	$217,407	'	$217,407	'	$496,920
Gain (loss) on derivative instrument liabilities	$134,138	$1,127,873	$279,513	$805,565	'
Derivative Instruments, Liabilities [Member]	'	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate	'	'	0.00%	'	'
Derivative Instruments, Liabilities [Member] \| Minimum [Member]	'	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	'	'	0.06%	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	'	'	'0 years 4 months 17 days	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	'	'	109.61%	'	'
Derivative Instruments, Liabilities [Member] \| Maximum [Member]	'	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	'	'	1.09%	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	'	'	'3 years 5 months 16 days	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	'	'	223.15%	'	'

CONVERTIBLE_NOTES_PAYABLE_Narr

CONVERTIBLE NOTES PAYABLE (Narrative) (Details)

3 Months Ended

9 Months Ended

1 Months Ended

9 Months Ended

2 Months Ended

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Jun. 30, 2013

Jan. 31, 2013

Jan. 15, 2013

Oct. 30, 2007

Oct. 31, 2007

Mar. 31, 2014

Jun. 30, 2013

Oct. 30, 2007

Oct. 31, 2007

Jul. 31, 2013

Mar. 31, 2014

Nov. 30, 2012

Jun. 30, 2013

USD ($)

Expire October 23, 2014 [Member]

Expire November 20, 2014 [Member]

Extension of convertible notes payable to three accredited investors [Member]

10% Convertible Senior Subordinated Notes [Member]

10% Convertible Senior Subordinated Notes, amount per investor [Member]

International Goldfields Limited [Member]

Binding Heads of Agreement [Member]

USD ($)

Convertible Secured Notes [Member]

International Goldfields Limited [Member]

USD ($)

AUD

USD ($)

AUD

Notes Issued

$450,000

$150,000

Debt Instrument, Contractual Term

'60 months

Debt Instrument, Interest Rate, Stated Percentage

10.00%

6.00%

Class of Warrant or Right, Grants in Period, Contractual Term

'2 years

'5 years

Value of Note Issued per Warrant issued

2.5

Class of Warrant or Right, Grants in Period, Net of Forfeitures

23,434

375,000

187,500

562,500

180,000

Class of Warrant or Right, Grants in Period, Exercise Price

$1.25

Debt Instrument, Convertible, Conversion Price

$0.40

$1.25

Debt Instrument, Convertible, Automatic Conversion Price

$0.80

$2.50

Senior subordinated convertible notes payable, net of discount

3,606,330

3,951,310

450,000

Facilitation fee

300,000

Proceeds from Advances Received

1,250,000

Stock Issued to satisfy notes

9,259,259

Gain on debt extinguishment

615,781

Debt Conversion, Converted Instrument, Shares Issued

9,259,259

Debt Conversion, Converted Instrument, Amount

1,263,930

Proceeds from Secured Notes Payable

2,000,000

3,985,000

3,900,000

Convertible notes payable

$4,056,330

Class of Warrant or Right, Grants in Period, Strike Price

$0.40

SENIOR_SECURED_GOLD_STREAM_CRE1

SENIOR SECURED GOLD STREAM CREDIT AGREEMENT (Narrative) (Details) (USD $)

9 Months Ended

1 Months Ended

2 Months Ended

10 Months Ended

12 Months Ended

1 Months Ended

4 Months Ended

1 Months Ended

4 Months Ended

6 Months Ended

Mar. 31, 2014

Mar. 31, 2013

Jun. 30, 2013

Dec. 31, 2011

Dec. 23, 2011

Aug. 31, 2012

Jun. 30, 2013

Mar. 31, 2014

Dec. 23, 2011

Jul. 31, 2013

Feb. 28, 2013

Jan. 31, 2013

Dec. 31, 2012

Nov. 30, 2012

Oct. 31, 2012

Jun. 30, 2013

Dec. 31, 2011

Jun. 30, 2013

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2014

Two $10 million tranches [Member]

$5 million revolving working capital facility [Member]

Senior Secured Gold Stream Credit Agreement [Member]

Senior Secured Gold Stream Credit Agreement - Amendment 1 [Member]

Senior Secured Bridge loan [Member]

Letter with Waterton [Member]

Proceeds from credit agreement

$10,000,000

Line of Credit

5,000,000

Credit agreements closed

10,000,000

Payments on notes payable

153,080

2,588,474

5,000,000

Debt Instrument, Interest Rate, Stated Percentage

9.00%

Credit agreement, coupon rate

9.00%

Debt Instrument, Periodic Payment

425,000

870,455

445,450

3,852,275

500,000

1,082,955

870,455

Receivables Transferred

1,053,599

1,018,056

Notes Reduction

116,693

Interest Payable Reduction

768,263

Financing Interest Expense

168,643

6,398

162,245

Notes Payable

9,174,298

7,516,069

7,011,282

7,040,427

7,011,282

Increase in Notes Payable, Principal Portion

29,145

Decrease in Notes Payable, Principal Portion

739,118

Receivables due to Waterton

$813,919

NOTES_PAYABLE_Narrative_Detail

NOTES PAYABLE (Narrative) (Details) (USD $)	1 Months Ended		1 Months Ended	9 Months Ended	1 Months Ended	9 Months Ended	1 Months Ended	9 Months Ended
	Feb. 14, 2014	Jan. 23, 2014	31-May-12	Mar. 31, 2014	Jun. 30, 2012	Mar. 31, 2014	Oct. 31, 2013	Mar. 31, 2014
	Tyhee Bridge Loan Agreement [Member]	Tyhee Bridge Loan Agreement [Member]	Installment sales contract 2 [Member]	Installment sales contract 2 [Member]	Installment sales contract 3 [Member]	Installment sales contract 3 [Member]	Financing contract on insurance premiums 1 [Member]	Financing contract on insurance premiums 1 [Member]
Notes Issued	'	'	'	'	'	'	$168,182	'
Obligated Advances Receivable, Amount	'	3,000,000	'	'	'	'	'	'
Proceeds from Advances	1,745,092	'	'	'	'	'	'	'
Debt Instrument, Interest Rate, Stated Percentage	1.50%	'	5.75%	5.75%	5.75%	5.75%	4.70%	4.70%
Debt Instrument, Periodic Payment	'	'	'	1,406	'	13,874	19,055	19,045
Installment sales contract	'	'	$46,379	'	$593,657	'	'	'
Notes Issued, Term	'	'	'36 months	'	'48 months	'	'	'

CONTINGENCIES_AND_COMMITMENTS_1

CONTINGENCIES AND COMMITMENTS (Narrative) (Details) (USD $)

12 Months Ended

1 Months Ended

2 Months Ended

27 Months Ended

1 Months Ended

6 Months Ended

1 Months Ended

9 Months Ended

1 Months Ended

2 Months Ended

1 Months Ended

Jun. 30, 2012

Mar. 31, 2014

Jun. 30, 2013

Mar. 31, 2014

Oct. 31, 2007

Aug. 31, 2004

Mar. 31, 2014

Nov. 01, 2007

Mar. 31, 2014

Dec. 31, 2014

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2013

Oct. 31, 2012

Dec. 31, 2012

Dec. 31, 2014

Jun. 30, 2015

Dec. 31, 2014

Jun. 30, 2014

Jun. 30, 2013

Dec. 30, 2013

Mar. 31, 2014

Apr. 01, 2013

Mar. 01, 2013

Mar. 01, 2008

Dec. 31, 2011

Dec. 23, 2011

Oct. 31, 2009

Sep. 11, 2009

Mar. 29, 2011

Aug. 31, 2011

Aug. 09, 2011

Jun. 28, 2011

Mar. 31, 2014

Sep. 09, 2011

Oct. 31, 2012

Net Smelter Returns $0 to $1,250,000 [Member]

Net Smelter Returns $1,251,000 to $4,000,000 [Member]

Sales of unbeneficiated mineralized rock before Net Smelter Returns of $4,000,000 [Member]

Sales of unbeneficiated mineralized rock after Net Smelter Returns of $4,000,000, towards an end price of $2,400,000 [Member]

Future Production [Member]

Ortiz Mine Grant [Member]

Mogollon Project [Member]

Mogollon Option Agreement Amendment 1 [Member]

Amended and Restated Mongollon Option Agreement [Member]

Gold Stream Agreement [Member]

Lease for office space [Member]

Lease for storage space [Member]

Two $10 million tranches [Member]

$5 million revolving working capital facility [Member]

Definitive Gold sale agreement with Sandstorm [Member]

Definitive Gold sale agreement with Sandstorm Amendment 1 [Member]

Definitive Gold sale agreement with Sandstorm Amendment 2 [Member]

Gold and Silver Supply Agreement [Member]

Upon approval by the TSX Venture Exchange [Member]

acre

sqmi

acre

sqmi

acre

Minimum [Member]

Maximum [Member]

Summit silver-gold mine [Member]

Mogollon Project [Member]

First 10,000 ounces of gold produced [Member]

Gold produced after first 10,000 ounces [Member]

Contractual Obligation, Term

'5 years

'1 year

Area of Land Acquired

57,267

Area of Land Relinquished

14,970

Area of Land

42,297

Capital Leases, Future Minimum Payments Due, Next Twelve Months

$130,000

Sliding scale production royalty

3.00%

5.00%

Proceeds from Other Deposits

4,000,000

Price per Ounce of Gold

400

Gold production subject to the agreement

50.00%

22.00%

Additional ounces of gold required

700

Ounces of gold delivered

817

Net cost of delivering gold

1,075,785

Completion guarantee payable

3,359,873

Increase in Completion guarantee payable

504,049

Proceeds from credit agreement

10,000,000

Line of Credit

5,000,000

Credit agreements closed

10,000,000

Discount on Sales Price of Metals

3.00%

Transaction Cost per Ounce of Gold

1.75

Transaction Cost per Ounce of Silver

0.07

Commitment, Sale of Ounces of Gold

3,676

125,000

Supply Commitment, Remaining Minimum Amount Committed

3,300,000

242,578

Mineral Property, Royalty Percentage

7.50%

5.00%

10.00%

1.00%

Payments to Acquire Mineral Rights

937,500

100,000

500,000

4,500,000

937,500

50,000

887,500

50,000

864,159

150,000

Value of Shares Transferred

11,914

Value of Missed Payment

887,500

Further Amounts to Pay to Exercise the Option

$950,000

Mineral Project, Ownership Percentage

100.00%

STOCKHOLDERS_EQUITY_Narrative_

STOCKHOLDERS EQUITY (Narrative) (Details) (USD $)

3 Months Ended

9 Months Ended

1 Months Ended

7 Months Ended

9 Months Ended

1 Months Ended

9 Months Ended

1 Months Ended

9 Months Ended

1 Months Ended

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Jun. 30, 2013

Aug. 31, 2013

Aug. 06, 2014

Mar. 31, 2014

Dec. 31, 2012

Mar. 31, 2014

Jul. 31, 2012

Mar. 31, 2014

Oct. 31, 2013

Jan. 23, 2014

Jan. 22, 2014

Jan. 23, 2014

Jan. 22, 2014

Jan. 23, 2014

Jan. 22, 2014

Issued to each of three new directors [Member]

Issued to officers and various employees [Member]

Investment Banking services [Member]

Amending the Expiration Date of Options [Member]

Warrant Exercise Price Adjustment 1 [Member]

Warrant Exercise Price Adjustment 2 [Member]

Warrant Exercise Price Adjustment 3 [Member]

Debt Conversion, Converted Instrument, Shares Issued

9,259,259

Debt Conversion, Converted Instrument, Amount

$1,263,930

Gain on debt extinguishment

615,781

Class of Warrant or Right, Grants in Period, Net of Forfeitures

23,434

4,500,000

Class of Warrant or Right, Grants in Period, Exercise Price

$0.40

Class of Warrant or Right, Grants in Period, Contractual Term

'5 years

Warrants Issued During Period, Value

927,450

Share-based Goods and Nonemployee Services Transaction, Valuation Method, Risk Free Interest Rate

0.60%

Share-based Goods and Nonemployee Services Transaction, Valuation Method, Expected Term

'5 years

Share-based Goods and Nonemployee Services Transaction, Valuation Method, Expected Volatility Rate

82.19%

Share-based Goods and Nonemployee Services Transaction, Valuation Method, Expected Dividend Rate

0.00%

Share-based Compensation

405,851

1,197,678

15,504

29,054

46,007

78,770

Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period

630,000

Class of Warrant or Right, Outstanding

25,425,021

25,401,587

6,750,000

500,000

523,434

500,000

Class of Warrant or Right, Outstanding, Weighted Average Exercise Price

$0.63

$0.67

$0.14

$0.40

$0.87

$0.91

$0.38

$0.40

Share-based Compensation Arrangement by Share-based Payment Award, Options, Expirations in Period

350,000

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures

600,000

200,000

525,000

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Contractual Term

'5 years

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price

$0.14

$0.36

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Grant Date Intrinsic Value

$44,558

$91,263

Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate

0.62%

0.36%

0.16%

Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term

'3 years

'1 year 6 months

Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate

82.66%

74.30%

79.28%

Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate

0.00%

Share-based Compensation Arrangement by Share-based Payment Award, Options, Extension of Expiration Date, Number of Options

4,000,000

Share-based Compensation Arrangement by Share-based Payment Award, Options, Extension of Expiration Date, Incremental Increase in Fair Value

252,020

Share-based Compensation Arrangement by Share-based Payment Award, Options and Warrants, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value

Share-based Compensation Arrangement by Share-based Payment Award, Options and Warrants, Exercisable, Intrinsic Value

Share Price

$0.05

Share-based Compensation Arrangement by Share-based Payment Award, Options and Warrants, Exercises in Period, Total Intrinsic Value

Share-based Compensation Arrangement by Share-based Payment Award, Options and Warrants, Grants in Period, Fair Value

296,579

Share-based Compensation Arrangement by Share-based Payment Award, Options and Warrants, Vested in Period, Grant Date Fair Value

$16,189

SUBSEQUENT_EVENTS_Narrative_De

SUBSEQUENT EVENTS (Narrative) (Details) (Muzz Investments LLC [Member], USD $)	Apr. 03, 2014
Muzz Investments LLC [Member]	'
Subsequent Event, Stock Issued, Shares, Settlement of Debt	370,371
Subsequent Event, Shares Issued, Price per Share	$0.14
Subsequent Event, Obligation Settled by Issuance of Shares	$50,000

Schedule_of_Property_Plant_and

Schedule of Property, Plant and Equipment, Estimated Useful Life (Details)	9 Months Ended
	Mar. 31, 2014
Leasehold Improvements [Member]	'
Property, Plant and Equipment, Useful Life	'3 years
Office furniture and equipment [Member]	'
Property, Plant and Equipment, Useful Life	'3 years
Mine development [Member] \| Minimum [Member]	'
Property, Plant and Equipment, Useful Life	'7 years
Mine development [Member] \| Maximum [Member]	'
Property, Plant and Equipment, Useful Life	'20 years
Plant [Member] \| Minimum [Member]	'
Property, Plant and Equipment, Useful Life	'3 years
Plant [Member] \| Maximum [Member]	'
Property, Plant and Equipment, Useful Life	'9 years
Tailings [Member]	'
Property, Plant and Equipment, Useful Life	'3 years
Environmental and permits [Member]	'
Property, Plant and Equipment, Useful Life	'7 years
Asset retirement obligation [Member]	'
Property, Plant and Equipment, Useful Life	'5 years
Automotive [Member] \| Minimum [Member]	'
Property, Plant and Equipment, Useful Life	'3 years
Automotive [Member] \| Maximum [Member]	'
Property, Plant and Equipment, Useful Life	'5 years
Software [Member]	'
Property, Plant and Equipment, Useful Life	'5 years

Schedule_of_Inventory_Current_

Schedule of Inventory, Current (Details) (USD $)	Mar. 31, 2014	Jun. 30, 2013
Stockpiled ore	$20,414	$0
In-process material	24,495	31,203
Siliceous flux material	25,517	15,477
Precious metals concentrate	48,230	194,534
Inventory, Net	$118,656	$241,214

Schedule_of_Accrued_Liabilitie

Schedule of Accrued Liabilities (Details) (USD $)	Mar. 31, 2014	Jun. 30, 2013
Interest	$1,205,177	$368,747
Vacation	54,322	98,176
Wages	0	77,260
Franchise taxes	4,252	15,050
Royalties	868,646	946,071
Other	35,964	15,524
Audit	33,750	27,083
Property taxes	548,329	226,507
Mining taxes	0	47,485
Receivables due to Waterton	813,919	0
Commodity supply agreements	3,520,890	2,784,506
Accrued Liabilities, Current	$7,100,249	$4,606,409

Schedule_of_Derivative_Instrum

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance (Details) (USD $)	3 Months Ended		9 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013	Jun. 30, 2013
Derivative instrument liabilities	$217,407	'	$217,407	'	$496,920
Gain (loss) on derivative instrument liabilities	134,138	1,127,873	279,513	805,565	'
Warrants	'	'	'	'	'
Derivative instrument liabilities	217,407	'	217,407	'	496,920
Gain (loss) on derivative instrument liabilities	'	'	$279,513	'	'

Schedule_of_Convertible_Notes_

Schedule of Convertible Notes Payable and Debentures (Details) (USD $)	Mar. 31, 2014	Jun. 30, 2013
Debt Instrument, Face Amount	$4,056,330	$4,011,792
Debt Instrument, Unamortized Discount	-29,388	-60,482
Debt Instrument, Carrying Amount	4,026,942	3,951,310
Convertible debt, Current Portion [Member]	'	'
Debt Instrument, Face Amount	450,000	0
Debt Instrument, Unamortized Discount	-29,388	0
Debt Instrument, Carrying Amount	420,612	0
Convertible debt, Long-term portion [Member]	'	'
Debt Instrument, Face Amount	3,606,330	4,011,792
Debt Instrument, Unamortized Discount	0	-60,482
Debt Instrument, Carrying Amount	$3,606,330	$3,951,310

Schedule_of_Notes_Payable_Deta

Schedule of Notes Payable (Details) (USD $)

Mar. 31, 2014

Jun. 30, 2013

Mar. 31, 2014

Jun. 30, 2013

Mar. 31, 2014

Jun. 30, 2013

31-May-12

Mar. 31, 2014

Jun. 30, 2013

Jun. 30, 2012

Oct. 31, 2013

Mar. 31, 2014

Jun. 30, 2013

Mar. 31, 2014

Jun. 30, 2013

Mar. 31, 2014

Aug. 31, 2012

Jun. 30, 2013

Mar. 31, 2014

Jul. 31, 2013

Feb. 28, 2013

Jan. 31, 2013

Dec. 31, 2012

Nov. 30, 2012

Oct. 31, 2012

Jun. 30, 2013

Installment sales contract 1 [Member]

Installment sales contract 2 [Member]

Installment sales contract 3 [Member]

Financing contract on insurance premiums 1 [Member]

Financing contract on insurance premiums 2 [Member]

Unsecured bridge loan note payable [Member]

Senior Secured Gold Stream Credit Agreement [Member]

Senior Secured Gold Stream Credit Agreement - Amendment 1 [Member]

Debt Instrument, Interest Rate, Stated Percentage

10.00%

5.75%

4.70%

1.50%

9.00%

Debt Instrument, Number of Monthly Installments

Debt Instrument, Periodic Payment

$13,073

$1,406

$13,874

$19,055

$19,045

$13,846

$425,000

$870,455

$445,450

$3,852,275

$500,000

$1,082,955

$870,455

Total Outstanding Notes Payable

9,174,298

7,516,069

1,438

18,990

31,797

350,594

457,760

19,195

13,792

1,745,092

7,011,282

7,040,427

Less: Current portion

-8,971,084

-7,185,877

Notes payable, net of current portion and discount

$203,214

$330,192

Schedule_of_Maturities_of_Note

Schedule of Maturities of Notes Payable (Details) (USD $)	Mar. 31, 2014	Jun. 30, 2013
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months	$8,845,435	'
Long-term Debt, Maturities, Repayments of Principal in Year Two	167,445	'
Long-term Debt, Maturities, Repayments of Principal in Year Three	161,418	'
Total Outstanding Notes Payable	$9,174,298	$7,516,069

Fair_Value_Measurements_Nonrec

Fair Value Measurements, Nonrecurring (Details) (USD $)	Mar. 31, 2014	Jun. 30, 2013
Derivative instruments	$217,407	$496,920
Level 1 [Member]	'	'
Derivative instruments	0	0
Level 2 [Member]	'	'
Derivative instruments	0	0
Level 3 [Member]	'	'
Derivative instruments	$217,407	$496,920

Schedule_of_Derivative_Instrum1

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value (Details) (USD $)	3 Months Ended		9 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
Beginning balance: Derivative instruments liabilities	'	'	$496,920	'
Gain on derivative instrument liabilities	134,138	1,127,873	279,513	805,565
Ending balance: Derivative instruments liabilities	$217,407	'	$217,407	'

Schedule_of_Future_Minimum_and

Schedule of Future Minimum and Maximum Lease Payments (Details) (Ortiz Mine Grant [Member], USD $)	Mar. 31, 2014
Ortiz Mine Grant [Member]	'
Capital Leases, Future Minimum Payments Due, Current	$130,000
Capital Leases, Future Maximum Payments Due, Current	260,000
Capital Leases, Future Minimum Payments Due in Two Years	130,000
Capital Leases, Future Maximum Payments Due in Two Years	260,000
Capital Leases, Future Minimum Payments Due in Three Years	130,000
Capital Leases, Future Maximum Payments Due in Three Years	260,000
Capital Leases, Future Minimum Payments Due in Four Years	130,000
Capital Leases, Future Maximum Payments Due in Four Years	260,000
Capital Leases, Future Minimum Payments Due Thereafter	130,000
Capital Leases, Future Maximum Payments Due Thereafter	$260,000

Schedule_of_Sharebased_Compens

Schedule of Share-based Compensation, Stock Options, and Warrants or Rights Activity (Details) (USD $)	9 Months Ended
	Mar. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Beginning of Period	8,970,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Beginning of Period	$0.30
Class of Warrant or Right, Outstanding, Beginning of Period	25,401,587
Class of Warrant or Right, Outstanding, Weighted Average Exercise Price, Beginning of Period	$0.67
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures	600,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	$0.14
Class of Warrant or Right, Grants in Period, Net of Forfeitures	23,434
Class of Warrant or Right, Grants in Period, Weighted Average Exercise Price	$0.38
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period	-630,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period, Weighted Average Exercise Price	$0.36
Class of Warrant or Right, Forfeitures in Period	0
Class of Warrant or Right, Forfeitures in Period, Weighted Average Exercise Price	$0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Expirations in Period	-350,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Expirations in Period, Weighted Average Exercise Price	$1.24
Class of Warrant or Right, Expirations in Period	0
Class of Warrant or Right, Expirations in Period, Weighted Average Exercise Price	$0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price	$0
Class of Warrant or Right, Exercises in Period	0
Class of Warrant or Right, Exercises in Period, Weighted Average Exercise Price	$0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, End of Period	8,590,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, End of Period	$0.24
Class of Warrant or Right, Outstanding, End of Period	25,425,021
Class of Warrant or Right, Outstanding, Weighted Average Exercise Price, End of Period	$0.63

Disclosure_of_Share_based_Comp

Disclosure of Share based Compensation Arrangements By Shares Based Payment Award and Warrants or Rights (Details) (USD $)	Mar. 31, 2014	Jun. 30, 2013
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding	8,590,000	8,970,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number	7,990,000	'
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Outstanding Options, Weighted Average Remaining Contractual Term	'3 years 1 month 28 days	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$0.24	$0.30
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	'3 years 25 days	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price	$0.25	'
Class of Warrant or Right, Outstanding	25,425,021	25,401,587
Class of Warrant or Right, Exercisable, Number	25,425,021	'
Class of Warrant or Right, Weighted Average Remaining Contractual Term	'1 year 11 months 12 days	'
Class of Warrant or Right, Outstanding, Weighted Average Exercise Price	$0.63	$0.67
Class of Warrant or Right, Exercisable Weighted Average Remaining Contractual Term	'1 year 11 months 12 days	'
Class of Warrant or Right, Exercisable Weighted Average Exercise Price	$0.63	'
$0.11 Exercise Price [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding	4,000,000	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number	4,000,000	'
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Outstanding Options, Weighted Average Remaining Contractual Term	'2 years 6 months 18 days	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$0.11	'
$0.14 Exercise Price [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding	600,000	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number	0	'
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Outstanding Options, Weighted Average Remaining Contractual Term	'4 years 4 months 6 days	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$0.14	'
$0.32 Exercise Price [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding	450,000	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number	450,000	'
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Outstanding Options, Weighted Average Remaining Contractual Term	'3 years 9 months 4 days	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$0.32	'
$0.36 Exercise Price [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding	3,290,000	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number	3,290,000	'
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Outstanding Options, Weighted Average Remaining Contractual Term	'3 years 9 months 4 days	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$0.36	'
$1.00 Exercise Price [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding	250,000	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number	250,000	'
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Outstanding Options, Weighted Average Remaining Contractual Term	'1 year 14 days	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$1	'
$0.135 Exercise Price [Member]	'	'
Class of Warrant or Right, Outstanding	6,750,000	'
Class of Warrant or Right, Exercisable, Number	6,750,000	'
Class of Warrant or Right, Weighted Average Remaining Contractual Term	'0 years 9 months	'
Class of Warrant or Right, Outstanding, Weighted Average Exercise Price	$0.14	'
$0.38 Exercise Price [Member]	'	'
Class of Warrant or Right, Outstanding	523,434	'
Class of Warrant or Right, Exercisable, Number	523,434	'
Class of Warrant or Right, Weighted Average Remaining Contractual Term	'3 years 5 months 16 days	'
Class of Warrant or Right, Outstanding, Weighted Average Exercise Price	$0.38	'
$0.40 Exercise Price [Member]	'	'
Class of Warrant or Right, Outstanding	11,306,786	'
Class of Warrant or Right, Exercisable, Number	11,306,786	'
Class of Warrant or Right, Weighted Average Remaining Contractual Term	'3 years 2 months 23 days	'
Class of Warrant or Right, Outstanding, Weighted Average Exercise Price	$0.40	'
$0.87 Exercise Price [Member]	'	'
Class of Warrant or Right, Outstanding	500,000	'
Class of Warrant or Right, Exercisable, Number	500,000	'
Class of Warrant or Right, Weighted Average Remaining Contractual Term	'2 years 4 months 2 days	'
Class of Warrant or Right, Outstanding, Weighted Average Exercise Price	$0.87	'
$1.00 Exercise Price [Member]	'	'
Class of Warrant or Right, Outstanding	600,000	'
Class of Warrant or Right, Exercisable, Number	600,000	'
Class of Warrant or Right, Weighted Average Remaining Contractual Term	'2 years 7 months 10 days	'
Class of Warrant or Right, Outstanding, Weighted Average Exercise Price	$1	'
$1.06 Exercise Price [Member]	'	'
Class of Warrant or Right, Outstanding	253,773	'
Class of Warrant or Right, Exercisable, Number	253,773	'
Class of Warrant or Right, Weighted Average Remaining Contractual Term	'0 years 3 months 11 days	'
Class of Warrant or Right, Outstanding, Weighted Average Exercise Price	$1.06	'
$1.25 Exercise Price [Member]	'	'
Class of Warrant or Right, Outstanding	250,000	'
Class of Warrant or Right, Exercisable, Number	250,000	'
Class of Warrant or Right, Weighted Average Remaining Contractual Term	'0 years 9 months 18 days	'
Class of Warrant or Right, Outstanding, Weighted Average Exercise Price	$1.25	'
$1.50 Exercise Price [Member]	'	'
Class of Warrant or Right, Outstanding	933,334	'
Class of Warrant or Right, Exercisable, Number	933,334	'
Class of Warrant or Right, Weighted Average Remaining Contractual Term	'1 year 7 months 17 days	'
Class of Warrant or Right, Outstanding, Weighted Average Exercise Price	$1.50	'
$1.625 Exercise Price [Member]	'	'
Class of Warrant or Right, Outstanding	461,539	'
Class of Warrant or Right, Exercisable, Number	461,539	'
Class of Warrant or Right, Weighted Average Remaining Contractual Term	'0 years 9 months	'
Class of Warrant or Right, Outstanding, Weighted Average Exercise Price	$1.63	'
$1.70 Exercise Price [Member]	'	'
Class of Warrant or Right, Outstanding	3,846,155	'
Class of Warrant or Right, Exercisable, Number	3,846,155	'
Class of Warrant or Right, Weighted Average Remaining Contractual Term	'0 years 9 months 22 days	'
Class of Warrant or Right, Outstanding, Weighted Average Exercise Price	$1.70	'