Santa Fe Gold (SFEG) 10-Q 28 Nov 14 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Sep. 30, 2014	Nov. 17, 2014
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Sep-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	'	131,229,228
Entity Current Reporting Status	'Yes	'
Entity Voluntary Filers	'No	'
Entity Well Known Seasoned Issuer	'No	'
Document Fiscal Year Focus	'2015	'
Document Fiscal Period Focus	'Q1	'

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2014	Jun. 30, 2014
CURRENT ASSETS:	'	'
Cash and cash equivalents	$410	$83,825
Accounts receivable	72,807	14,267
Inventory	0	40,000
Prepaid expenses and other current assets	249,870	247,069
Total Current Assets	323,087	385,161
MINERAL PROPERTIES	599,897	599,897
PROPERTY, PLANT AND EQUIPMENT, net of depreciation of $13,865,655 and $11,162,024, respectively	18,786,935	19,255,682
OTHER ASSETS:	'	'
Restricted cash	231,716	231,716
Mogollon option costs	876,509	876,509
Deferred financing costs, net	89,379	99,310
Total Other Assets	1,197,604	1,207,535
Total Assets	20,907,523	21,448,275
CURRENT LIABILITIES:	'	'
Accounts payable	3,789,866	3,659,848
Accrued liabilities	7,626,245	8,024,162
Derivative instrument liabilities	804,839	292,124
Senior subordinated convertible notes payable, current portion, net of discounts of $5,696 and $17,937, respectively	444,304	432,063
Notes payable, current portion	9,416,664	9,200,666
Completion guarantee payable	3,359,873	3,359,873
Total Current Liabilities	25,441,791	24,968,736
LONG TERM LIABILITIES:	'	'
Senior subordinated convertible notes payable, net of current portion and	3,402,750	3,673,527
Asset retirement obligation	242,521	241,079
Total Liabilities	29,087,062	28,883,342
STOCKHOLDERS' (DEFICIT) :	'	'
Common stock, $.002 par value, 300,000,000 shares authorized; 131,229,228 and 127,229,228 shares issued and outstanding, respectively	262,459	254,459
Additional paid in capital	78,484,962	78,292,962
Accumulated (deficit)	-86,926,960	-85,982,488
Total Stockholders' (Deficit)	-8,179,539	-7,435,067
Total Liabilities and Stockholders' (Deficit)	$20,907,523	$21,448,275

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Sep. 30, 2014	Jun. 30, 2014
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$13,865,655	$11,162,024
Debt Instrument Unamortized Discount Senior Subordinated Convertible Notes Payable Current	$5,696	$17,937
Common Stock, Par Value Per Share	$0.00	$0.00
Common Stock, Shares Authorized	300,000,000	300,000,000
Common Stock, Shares, Issued	131,229,228	127,229,228
Common Stock, Shares, Outstanding	131,229,228	127,229,228

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
SALES, net	$71,518	$1,193,683
OPERATING COSTS AND EXPENSES:	'	'
Costs applicable to sales	40,000	2,176,917
Exploration and other mine related costs	194,726	90,613
General and administrative	369,643	843,238
Depreciation and amortization	482,248	774,460
Accretion of asset retirement obligation	1,442	513
Total Operating Costs and Expenses	1,088,059	3,885,741
LOSS FROM OPERATIONS	-1,016,541	-2,692,058
OTHER INCOME (EXPENSE):	'	'
Interest income	0	0
Foreign currency translation	301,152	12,289
(Loss) on derivative instrument liabilities	-512,715	-291,996
Accretion of discounts on notes payable	-12,241	-9,896
Financing costs - commodity supply agreements	756,372	-690,887
Finance charges	-25,125	0
Interest expense	-435,374	-327,027
Total Other (Expense)	72,069	-1,307,517
(LOSS) BEFORE PROVISION FOR INCOME TAXES	-944,472	-3,999,575
PROVISION FOR INCOME TAXES	0	0
NET (LOSS)	-944,472	-3,999,575
OTHER COMPREHENSIVE INCOME	'	'
Unrealized gain on marketable securities	0	0
NET COMPREHENSIVE (LOSS)	($944,472)	($3,999,575)
Basic and Diluted Per Share data Net (Loss) - basic and diluted	($0.01)	($0.03)
Weighted Average Common Shares Outstanding: Basic and diluted	130,620,532	117,599,598

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:	'	'
Net loss	($944,472)	($3,999,575)
Adjustments to reconcile net loss to net cash used in operating activities:	'	'
Depreciation and amortization	482,248	774,460
Stock-based compensation	0	108,610
Accretion of discount on notes payable	12,241	9,896
Financing costs - commodity supply agreements	-756,371	690,887
Accretion of asset retirement obligation	1,442	513
Loss on derivative instrument liabilities	512,715	291,996
(Gain) on disposal of assets	0	-118,477
Amortization of deferred financing costs	9,931	81,745
Foreign currency translation	-301,152	-12,289
Net change in operating assets and liabilities:	'	'
Accounts receivable	-58,540	-552,468
Inventory	40,000	-138,421
Prepaid expenses and other current assets	-2,801	24,041
Mogollon option costs	0	-50,000
Accounts payable and accrued liabilities	718,846	1,612,835
Net Cash Used in Operating Activities	-285,913	-1,276,247
CASH FLOWS FROM INVESTING ACTIVITIES:	'	'
Proceeds from disposal of assets	0	249,000
Purchase of property, plant and equipment	-13,500	-139,359
Net Cash Provided by (Used) in Investing Activities	-13,500	109,641
CASH FLOWS FROM FINANCING ACTIVITIES:	'	'
Proceeds from convertible notes payable	0	1,250,000
Proceeds from issuance of stock	0	0
Proceeds from notes payable	220,000	29,144
Payments on notes payable	-4,002	-54,219
Net Cash Provided by Financing Activities	215,998	1,224,925
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	-83,415	58,319
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	83,825	115,094
CASH AND CASH EQUIVALENTS, END OF PERIOD	410	173,413
SUPPLEMENTAL CASH FLOW INFORMATION:	'	'
Cash paid for interest	216	7,015
Cash paid for income taxes	0	0
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:	'	'
Stock issued for accounts payable and accrued wages	$200,000	$0

NATURE_OF_OPERATIONS

NATURE OF OPERATIONS	3 Months Ended
	Sep. 30, 2014
NATURE OF OPERATIONS [Text Block]	'
	NOTE 1 – NATURE OF OPERATIONS
	Santa Fe Gold Corporation (the “Company”) is a U.S. mining company incorporated in Delaware in August 1991. Its general business strategy is to acquire, explore, develop and mine mineral properties. The Company’s principal assets are the 100% owned Summit silver-gold property located in New Mexico, the leased Ortiz gold project in New Mexico and the 100% owned Black Canyon mica project in Arizona.
	In May 2006, for a cash price of $1.3 million, the Company acquired 100% of the shares of The Lordsburg Mining Company (“Lordsburg Mining”), a New Mexico corporation. With the acquisition of Lordsburg Mining, the Company acquired the Summit project, consisting of approximately 117.6 acres of patented and approximately 520 acres of unpatented mining claims in Grant County, New Mexico; approximately 257 acres of patented mining claims in Hidalgo County, New Mexico; and milling equipment including a ball mill and floatation plant in Sierra County, New Mexico.
	On June 30, 2008, Lordsburg Mining purchased from St. Cloud Mining Company, a New Mexico corporation, for a price of $841,500, mineral processing equipment and real property situated adjacent to the Banner mill site located south of Lordsburg, New Mexico. The equipment included in the purchase constitutes important components for the Banner mill processing facility, notably a portable crushing and screening plant and a feeding and conveying system. The real property included in the purchase consists of 70 patented and 5 unpatented mining claims, and assignments of mineral leases covering 17 patented and 6 unpatented mining claims. These mining claims and mineral leases, together with the patented mining claims Lordsburg Mining already owned in the area of the Banner mill site, cover approximately 1,500 acres ( 2.3 square miles) and comprise the core of the Virginia Mining District. Historical production of copper, gold and silver from the district has been substantial. Lordsburg Mining assumed certain potential environmental obligations in connection with the real property, including those related to reclamation of old workings, should such obligations arise in the future.
	The Company commenced processing operations at the Banner Mill in March 2010. Commissioning of the mill proceeded and in July 2010, mill operations were expanded to two shifts per day, five days a week. In April 2012, the Company commenced commercial production at the Summit silver–gold mine. In November 2013 mining operations were suspended.
	In September 2009, the Company formed a wholly owned Barbados subsidiary, Santa Fe Gold Barbados Corporation, in connection with the definitive gold sales agreement entered into on September 11, 2009. Under separate agreements, Santa Fe Gold Barbados Corporation sells refined gold to Sandstorm Gold, Ltd., and refined gold and silver to Waterton Global Value L.P. See NOTE 10– CONTINGENCIES AND COMMITMENTS.
	Investing in our common stock involves a high degree of risk. You should carefully consider the risks and uncertainties described in our annual report on Form 10-K for our year fiscal ended June 30, 2014 in addition to the other information included in this quarterly report.

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Sep. 30, 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.
	For the three months ended September 30, 2014, the Company incurred a loss of $944,472, had a total accumulated deficit of $86,926,960, and a working capital deficit of $25,118,704. The Company began revenue generating operations during the fiscal year ended June 30, 2011, through the sales of precious metals and flux material. Sales have decreased the in the most recent fiscal year during the reporting period due to the suspension of all mining operations in November 2013.
	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 in the Company’s fiscal 2015 year.
	To continue as a going concern, the Company is dependent on continued capital financing 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 to cover the Company’s operating costs. The Company has no commitment from any party to provide additional working capital and there is no assurance that any funding will be available as needed, or if available, that its terms will be favorable or acceptable to the Company.
	On July 15, 2014, the Company entered into a Share Exchange Agreement (the "Share Exchange Agreement") with Canarc Resource Corp., a British Columbia, Canada corporation whose common shares are listed on the TSX Exchange under the symbol CCM ("Canarc"). Under the terms of the Share Exchange Agreement, the Company will issue 66,000,000 shares of its common stock to Canarc; and, in exchange, Canarc will issue 33,000,000 of its common shares to the Company (the "Share Exchange"). Upon consummation of the Share Exchange, the Company will own approximately 17 percent of Canarc's outstanding shares and Canarc will own approximately 34 percent of Santa Fe's outstanding common shares.
	In connection with the Share Exchange Agreement, the Company entered into a “best efforts” placement agency agreement with Euro Pacific Capital, Inc. ("Euro Pacific") pursuant to which Euro Pacific agreed to act as placement agent for the Company and use its "best-efforts" to complete the proposed private placement of 8% Subordinated Secured Redeemable GLD Share Delivery Notes and a Detachable Common Stock Purchase Warrant in the aggregate principal amount between $20 million to $25 million. Euro Pacific did not place any securities or raise any capital for the Company. The Euro Pacific best efforts placement agency agreement expired by its terms on September 30, 2014.
	The Share Exchange Agreement provided that it would terminate, unless a closing of the transactions contemplated occurred on or before October 15, 2014. Since the transactions did not close, the Share Exchange Agreement terminated pursuant to its terms on October 15, 2014.
	At September 30, 2014, the Company was in default on payments totaling approximately $8.9 million under its Senior Secured Gold Stream Credit Agreement (the “Credit Agreement”) with Waterton and approximately $6.8 million under a gold stream agreement (the “Gold Stream Agreement”) with Sandstorm Gold Ltd. (“Sandstorm”). 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 in the event the Company cannot 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 September 30, 2014 and June 30, 2014, 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.
	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 September 30, 2014, and June 30, 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 Waterton’s waiver for non-payment under the Senior Secured Gold Stream Agreement. The transfer of the accounts receivable to Waterton are to be treated as payment towards outstanding interest amounts with any remaining transfer of receivables to be treated as a payment towards other indebtedness under the Credit Agreement, including principal on the note. 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 Accrued Liabilities at September 30, 2014.
	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.
	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 which is generally derived from estimated discounted cash flows.
	The Company is in continuing discussions with various strategic financing sources, including the Company’s two major creditors at this time. It is unknown if such discussions will be successful in attaining a financing facility and necessary debt restructure 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 September 30, 2014, and in light of continuing financing dialog with various potential financing sources, 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 September 30, 2014 and June 30, 2014, the Company had a reclamation obligation totaling $242,521 and $241,079, 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 three month periods ended September 30, 2014 and 2013, the impact of outstanding stock equivalents has not been included as they would be anti-dilutive.
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 August 2014, the FASB issued ASU 2014-15, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (“ASU 2014-15”), which requires management to evaluate, in connection with financial statement preparation for each annual and interim reporting period, whether there are conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date the financial statements are issued, and to provide related disclosures. ASU 2014-15 applies to all entities and is effective for annual periods ending after December 15, 2016, and interim periods thereafter, with early adoption permitted. The Company has not studied this guidance and is not certain if the adoption of this guidance will have a material effect on its consolidated financial statements.
In May 2014, the FASB issued ASC updated No. 2014-09, "Revenue from Contracts with Customers (Topic 606)”(ASU 2014-09). Under the amendments in this update, recognition of revenue occurs when a customer obtains control of promised goods or services in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In addition, the new standard requires that reporting companies disclose the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The amendments in this update are effective for fiscal years and interim periods within those years beginning after December 15, 2016. Early adoption is not permitted. The new standard is required to be applied either retrospectively to each prior reporting period presented, or retrospectively with the cumulative effect of applying the update recognized at the date of initial application. The Company has not yet selected a transition method, and has not determined the impact, if any, that the new standard will have on its consolidated financial statements.
In June 2014, the FASB issued ASU 2014-12, Compensation—Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period, which is effective for financial statements issued for interim and annual periods beginning on or after December 15, 2015. The guidance requires that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition and should not be reflected in the estimate of the grant-date fair value of the award. This standard is not expected to have an effect on the Company’s reported financial position or results of operations.
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	3 Months Ended
	Sep. 30, 2014
INVENTORY [Text Block]	'
	NOTE 3 – INVENTORY
	The following table provides the components of inventory as of:
			September 30,		June 30,
			2014		2014
	Stockpiled ore	$	-	$	-
	In-process material		-		-
	Siliceous flux material		-		-
	Precious metals concentrate		-		40,000
		$	-	$	40,000

ACCRUED_LIABILITIES

ACCRUED LIABILITIES	3 Months Ended
	Sep. 30, 2014
ACCRUED LIABILITIES [Text Block]	'
	NOTE 4 - ACCRUED LIABILITIES
	Accrued liabilities consist of the following as of:
			September 30,		June 30,
			2014		2014
	Interest	$	1,926,986	$	1,572,298
	Vacation		50,830		57.602
	Deferred and accrued payroll burden		130,896		133,890
	Franchise taxes		12,753		8,503
	Royalties		690,358		690,358
	Merger costs, net		269,986		269,986
	Other accrued expenses		230,022		133,958
	Audit and accounting		71,885		111,825
	Debt settlement		106,977		106,977
	Property taxes		88,159		135,000
	Receivables due Waterton		813,919		813,919
	Commodity supply agreements		3,233,474		3,989,846
		$	7,626,245	$	8,024,162
	(See NOTE 10 – CONTINGENCIES AND COMMITMENTS, regarding further details of Commodity supply agreements.)

DERIVATIVE_INSTRUMENT_LIABILIT

DERIVATIVE INSTRUMENT LIABILITIES	3 Months Ended
	Sep. 30, 2014
DERIVATIVE INSTRUMENT LIABILITIES [Text Block]	'
	NOTE 5 - DERIVATIVE INSTRUMENT LIABILITIES
	The fair market value of the derivative instruments liabilities at September 30, 2014, was determined to be $804,839 with the following assumptions: (1) risk free interest rate of 0.02% to 1.05%, (2) remaining contractual life of 0.06 to 2.96 years, (3) expected stock price volatility of 141.4% to 216.62%, and (4) expected dividend yield of zero. Based upon the change in fair value, the Company has recorded a loss on derivative instruments for the three months ended September 30, 2014, of $512,715 and a corresponding increase in the derivative instruments liability.
				Derivative		Derivative		Loss for
				Liability as of		Liability as of		Three months ended
				30-Jun-14		30-Sep-14		30-Sep-14
		Warrants	$	292,124	$	804,839	$	512,715
	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	3 Months Ended
	Sep. 30, 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 September 30, 2014 and June 30, 2014 the outstanding principal balance on the senior subordinated convertible notes, was $450,000.
	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 note 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.
	The components of the all convertible notes payable at September 30, 2014 and June 30, 2014 are as follows:
	September 30, 2014:		Principal		Unamortized
			Amount		Discount			Net
	Current portion	$	450,000	$	(5,696	)	$	444,304
	Long-term portion, net of current		3,402,750		-			3,402,750
		$	3,852,750	$	(5,696	)	$	3,847,054
	June 30, 2014:		Principal		Unamortized
			Amount		Discount			Net
	Current portion	$	450,000	$	(17,937	)	$	432,063
	Long-term portion, net of current		3,673,527		-			3,673,527
		$	4,123,527	$	(17,937	)	$	4,105,590

SENIOR_SECURED_GOLD_STREAM_CRE

SENIOR SECURED GOLD STREAM CREDIT AGREEMENT	3 Months Ended
	Sep. 30, 2014
SENIOR SECURED GOLD STREAM CREDIT AGREEMENT [Text Block]	'
	NOTE 7 – SENIOR SECURED GOLD STREAM CREDIT AGREEMENT
	On December 23, 2011, the Company and its subsidiaries entered into a Senior Secured Gold Stream Credit Agreement (the “Credit Agreement”) 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 - CONTINGENCIES AND 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, interest payments for the three months ended September 30, 2014 have not been made and are included in accrued liabilities.
	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.
	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 at September 30, 2014 and June 30, 2014 was $7,042,427 y. Additionally, $813,919 of collected accounts receivable sold to Waterton remains to be remitted to them and is recorded in accrued liabilities at September 30, 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	3 Months Ended
	Sep. 30, 2014
NOTES PAYABLE [Text Block]	'
	NOTE 8 – NOTES PAYABLE
	Pursuant to Share Exchange Agreement (the "Share Exchange Agreement") with Canarc Resource Corp., a British Columbia, Canada corporation whose common shares are listed on the TSX Exchange under the symbol CCM ("Canarc") on July 15, 2014, the Company and Carnac entered into an interim financing facility pursuant to which Canarc advanced $220,000 to the Company. The loan bears interest at a rate of 1% a month and is due and payable upon the closing of a gold bond financing by the Company or January 15, 2015, if the financing does not close.
	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. The principal balance owed on the note was $12,352 and $16,354 at September 30, 2014 and June 30, 2014, respectively.
	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. The principal balance owed on the note was $398,793 and $398,793 at September 30, 2014 and June 30, 2014, respectively. The Company has been unable to make its monthly payments since November 2013, is currently in default and the equipment has been returned to the vendor for sale..
	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 million to the Company in accordance with the terms thereof. Tyhee advanced the Company $1,745,092 under the Bridge Loan as of June 30, 2014. The Bridge Loan bears an annual interest rate of 24%. At this time the Company and Tyhee are in disagreement as to the due date of the Bridge Loan. Tyhee has provided the Company with purported notice of default under the Bridge Loan Agreement. Given the terms of the Bridge Loan and Merger Agreement, the Company believes Tyhee’s default notice is wrongful. At September 30, 2014 and June 30, 2014, the Company recorded merger expenses that are due to Tyhee of $269,986 and is included in accrued liabilities. This amount is net of a break fee of $300,000 due the Company from Tyhee.
	The following summarizes notes payable, including the Senior Secured Gold Stream Credit Agreement, at:
			June 30,			June 30,
			2014			2014
	Working capital advances,
	interest at 1% per month, due January 15, 2015	$	220,000		$	-
	Installment sales contract on equipment,
	interest at 5.75%, payable in 36 monthly installments of $1,406, including
	interest through June 2015.		12,352			16,354
	Installment sales contract on equipment,
	interest at 5.75%, payable in 48 monthly installments of $13,874,
	including interest through July 2016.		398,793			398,793
	Unsecured bridge loan note payable,
	Interest at 2% monthly, payable August 17, 2014, six months after the first
	advance on the bridge loan.		1,745,092			1,745,092
	Senior Secured Gold Stream Credit Agreement, interest at
	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.		7,040,427			7,040,427
	Total Outstanding Notes Payable		9,416,664			9,200,666
	Less: Current portion		(9,416,664	)		(9,200,666	)
	Notes payable, net of current portion and discount	$	- -		$	- -
	The aggregate maturities of notes payable as of September 30, 2014, are as follows:
	Year ending June 30, 2015	$	9,416,664
	Total Outstanding Notes Payable	$	9,416,664

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
	Sep. 30, 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 September 30, 2014 and June 30, 2014 are as follows:
					Balance at September 30,
		Level 1	Level 2	Level 3	2014
	Assets:	- --	- --	- --	- --
	None
	Liabilities:
	Derivative instruments	- --	- --	$804,839	$804,839
					Balance at June 30,
		Level 1	Level 2	Level 3	2014
	Assets:	- --	- --	- --	- --
	None
	Derivative instruments	- --	- --	$292,124	$292,124
	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 September 30, 2014:
	Derivative instruments liabilities at June 30, 2014	$	292,124
	Loss on derivative instrument liabilities		512,715
	Derivative instruments liabilities at September 30, 2014	$	804,839

CONTINGENCIES_AND_COMMITMENTS

CONTINGENCIES AND COMMITMENTS	3 Months Ended
	Sep. 30, 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.(“Ortiz Mines”), 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, 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 $130,000 ; a sliding-scale production royalty varying from 3% to 5% depending on the price of gold; the requirement that the Company comply with governmental permitting and other regulations; and other terms common in mining leases of this type. The Ortiz gold project is subject to a property identification agreement between the Company and our former President and Chief Executive Officer. The Company is conducting a strategic evaluation as whether or not to continue with the Ortiz Gold Project.
	The minimum and maximum future payments due on this lease are as follows for the next five years and thereafter:
	Payment Due Date	Minimum Due	Maximum Due
		($)	($)
	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 thereafter	130,000	260,000
	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 the former 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.
	No royalty expense was incurred during the three months ended September 30, 2014. At September 30, 2014, the Company had an accrued royalty liability of $690,358, which includes $208,179 payable to the Company’s former President and Chief Executive Officer.
	Mogollon Option Agreement
	On October 22, 2012, the Company entered into the Mogollon Option Agreement (the “Mogollon Option Agreement”) with Columbus 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 called 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 deferred the due dates of the 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 had 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.
	On June 18, 2014, the Company entered into Amendment No. 1 to the Amended and Restated Mogollon Option Agreement with Columbus. The amendment extended the option exercise date from June 21, 2014 to November 21, 2014. Since the Company did not exercise the Mogollon option agreement, as restated and amended, it expired in accordance with its terms on November 21, 2014. As of September 30, 2014, the Company has made total payments of $876,509 under the various Option Agreements.
	Commodity Supply Agreements
	In September 2009, the Company entered into a definitive gold stream agreement (the “Gold Stream Agreement”) with Sandstorm to deliver a portion of the life-of-mine gold production (excluding all silver production) from the Company’s Summit silver-gold mine. Under the agreement the Company 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 September 30, 2014 and June 30, 2014, respectively, and are reported as the completion guarantee payable.
	Under the Gold Stream Agreement the Company has a recorded an obligation at September 30, 2014, of 3,692 ounces of undelivered gold valued at approximately $3.0 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. 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. 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, 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 latter 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 recorded an obligation of $218,811 and $611,503 at September 30, 2014 and June 30, 2014, respectively, related to the Gold and Silver Supply Agreement and is recorded in accrued liabilities.
	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	3 Months Ended
	Sep. 30, 2014
STOCKHOLDERS' EQUITY [Text Block]	'
	NOTE 11 - STOCKHOLDERS’ EQUITY Issuance of Stock
	On July 15, 2014, the Company entered into shares for debt settlements with five individuals wherein an aggregate of $200,000 of debt was settled by the aggregate issuance of 4,000,000 shares of common stock.
	Issuance of Warrants
	During the three months ended September 30, 2014, no warrants were issued and 112,263 warrants expired .
	Stock Options and the 2007 Equity Incentive Plan
	During the three months ended September 30, 2014, 7,500,000 options were granted and 6,525,000 options cancelled .
	Pursuant to Share Exchange Agreement with Canarc Resource Corp., the Company granted five year stock options for 7,500,000 shares of common stock at an exercise price of $0.055, the closing price on the date of grant. The stock options vest 100% upon the closing of a qualified financing. The expiry date would be July 15, 2019 if a qualified financing was consummated, or October 15, 2014 if a qualified financing was not consummated by October 31, 2014. A qualified financing is debt or equity financing of at least $20.0 million. The Share Exchange Agreement provided that it would terminate, unless a closing of the transactions contemplated occurred on or before October 31, 2014. The transactions did not close, and the Share Exchange Agreement terminated pursuant to its terms on October 31, 2014. The associated granted options did not vest and expired on October 15, 2014 according to the terms of the grant.
	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 three months ended September 30, 2014, are as follows:
		Stock Options		Stock Warrants
			Weighted		Weighted
			Average		Exercise
		Shares	Price	Shares	Price
	Outstanding at June 30, 2014	8,925,000	$0.24	25,283,511	$0.62
	Granted	7,500,000	$0.06	- --	- --
	Canceled	-6,525,000	$0.36	- --	- --
	Expired	- --	- --	-112,263	$1.06
	Exercised	- --	- --	- --	- --
	Outstanding at September 30, 2014	9,900,000	$0.12	25,171,248	$0.62
	Stock options and warrants outstanding and exercisable at September 30, 2014, are as follows:
			Outstanding and Exercisable Options								O utstanding 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
	$0.06		7,500,000			- -	0.04	$	0.055	$	0.135	6,750,000	6,750,000	0.25	$	0.135
	$0.08		400,000			400,000	4.28	$	0.08	$	0.38	523,434	523,434	2.96	$	0.38
	$0.14		600,000			600,000	3.85	$	0.14	$	0.4	11,306,786	11,306,786	2.72	$	0.4
	$0.32		450,000			450,000	3.25	$	0.32	$	0.87	500,000	500,000	1.84	$	0.87
	$0.36		700,000			700,000	3.25	$	0.36	$	1	600,000	600,000	2.11	$	1
	$1.00		250,000			250,000	0.54	$	1	$	1.25	250,000	250,000	0.3	$	1.25
			- -			- -				$	1.5	933,334	933,334	1.13	$	1.5
			- -			- -				$	1.625	461,539	461,539	0.25	$	1.625
			- -			- -				$	1.7	3,846,155	3,846,155	0.31	$	1.7
			9,900,000			2,400,000						25,171,248	25,171,248
			Outstanding Options				0.83	$	0.12		Outstanding Warrants			1.47	$	0.62
			Exercisable Options				3.29	$	0.32		Exercisable Warrants			1.47	$	0.62
	As of September 30, 2014, the aggregate intrinsic value of all stock options and warrants vested and expected to vest was $20,000 and the aggregate intrinsic value of currently exercisable stock options and warrants was $20,000. 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 $0.13 closing stock price of the common stock on September 30, 2014. There were 400,000 options and warrants vested and exercisable as of September 30, 2014 in the money.
	The total intrinsic value associated with options exercised during the three months ended September 30, 2014, was $0. 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 three months ended September 30, 2014, was approximately $0. The total grant-date fair value of option and warrant shares vested during the three months ended September 30, 2014 was $0.

LEGAL_PROCEEDINGS

LEGAL PROCEEDINGS	3 Months Ended
	Sep. 30, 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. The Company is conducting a strategic evaluation as whether or not to continue with the Ortiz Gold Project.
	We are in litigation with two vendors for claims for approximately $140,400 and $125,876, respectively against us. We are in discussion with them regarding delaying payment until additional funding can be obtained. If the Company is unsuccessful in raising additional funding, we may not be able to pay resolve these lawsuits and our business may not continue as a going concern. In the event we cannot raise the necessary capital or we cannot restructure through negotiated modifications, we may be required to effect under court supervision pursuant to a voluntary bankruptcy filing under Chapter 11 or Chapter 7 of the U.S. Bankruptcy Code (“Chapter 11 or “Chapter 7”). See “Risk factors.”
	We are subject from time to time to litigation, claims and suits arising in the ordinary course of business. Other than the above-described litigation, as of September 30, 2014, we were not a party to any material litigation, claim or suit whose outcome could have a material effect on our financial statements.
	In accordance with accounting standards regarding loss contingencies, the Company accrues an undiscounted liability for those contingencies where the incurrence of a loss is probable and the amount can be reasonably estimated, and the Company discloses the amount accrued and the amount of a reasonably possible loss in excess of the amount accrued, if such disclosure is necessary for its financial statements not to be misleading. The Company does not record liabilities when the likelihood that the liability has been incurred is probable but the amount cannot be reasonably estimated, or when the liability is believed to be only reasonably possible or remote.
	Because litigation outcomes are inherently unpredictable, the Company’s evaluation of legal proceedings often involves a series of complex assessments by management about future events and can rely heavily on estimates and assumptions. If the assessments indicate that loss contingencies that could be material to any one of its financial statements are not probable, but are reasonably possible, or are probable, but cannot be estimated, then the Company discloses the nature of the loss contingencies, together with an estimate of the range of possible loss or a statement that such loss is not reasonably estimable. While the consequences of certain unresolved proceedings are not presently determinable, and an estimate of the probable and reasonably possible loss or range of loss in excess of amounts accrued for such proceedings cannot be reasonably made, an adverse outcome from such proceedings couldhave a material adverse effect on its financial statements in any given reporting period. However, in the opinion of Management, after consulting with legal counsel, the ultimate liability related to the current outstanding litigation is not expected to have a material adverse effect on its financial statements.

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Sep. 30, 2014
SUBSEQUENT EVENTS [Text Block]	'
	NOTE 13 – SUBSEQUENT EVENTS
	The Share Exchange Agreement dated July 15, 2014, provided that it will terminate, unless a closing of the transactions contemplated occurred on or before October 15, 2014. The transactions did not close and the Share Exchange Agreement terminated pursuant to its terms on October 31, 2014. The associated granted five year stock options for 7,500,000 shares of common stock at an exercise price of $0.055 did not vest and expired on October 15, 2014 according to the terms of the grant.
	The Company did not exercise the Mogollon option agreement, as restated and amended, it expired in accordance with its terms on November 21, 2014. The Company will write down the payments of $876,509 made under the various Option Agreements in the second quarter ending December 31, 2014.

Recovered_Sheet1

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Sep. 30, 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.
	For the three months ended September 30, 2014, the Company incurred a loss of $944,472, had a total accumulated deficit of $86,926,960, and a working capital deficit of $25,118,704. The Company began revenue generating operations during the fiscal year ended June 30, 2011, through the sales of precious metals and flux material. Sales have decreased the in the most recent fiscal year during the reporting period due to the suspension of all mining operations in November 2013.
	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 in the Company’s fiscal 2015 year.
	To continue as a going concern, the Company is dependent on continued capital financing 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 to cover the Company’s operating costs. The Company has no commitment from any party to provide additional working capital and there is no assurance that any funding will be available as needed, or if available, that its terms will be favorable or acceptable to the Company.
	On July 15, 2014, the Company entered into a Share Exchange Agreement (the "Share Exchange Agreement") with Canarc Resource Corp., a British Columbia, Canada corporation whose common shares are listed on the TSX Exchange under the symbol CCM ("Canarc"). Under the terms of the Share Exchange Agreement, the Company will issue 66,000,000 shares of its common stock to Canarc; and, in exchange, Canarc will issue 33,000,000 of its common shares to the Company (the "Share Exchange"). Upon consummation of the Share Exchange, the Company will own approximately 17 percent of Canarc's outstanding shares and Canarc will own approximately 34 percent of Santa Fe's outstanding common shares.
	In connection with the Share Exchange Agreement, the Company entered into a “best efforts” placement agency agreement with Euro Pacific Capital, Inc. ("Euro Pacific") pursuant to which Euro Pacific agreed to act as placement agent for the Company and use its "best-efforts" to complete the proposed private placement of 8% Subordinated Secured Redeemable GLD Share Delivery Notes and a Detachable Common Stock Purchase Warrant in the aggregate principal amount between $20 million to $25 million. Euro Pacific did not place any securities or raise any capital for the Company. The Euro Pacific best efforts placement agency agreement expired by its terms on September 30, 2014.
	The Share Exchange Agreement provided that it would terminate, unless a closing of the transactions contemplated occurred on or before October 15, 2014. Since the transactions did not close, the Share Exchange Agreement terminated pursuant to its terms on October 15, 2014.
	At September 30, 2014, the Company was in default on payments totaling approximately $8.9 million under its Senior Secured Gold Stream Credit Agreement (the “Credit Agreement”) with Waterton and approximately $6.8 million under a gold stream agreement (the “Gold Stream Agreement”) with Sandstorm Gold Ltd. (“Sandstorm”). 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 in the event the Company cannot 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 September 30, 2014 and June 30, 2014, 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.
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 September 30, 2014, and June 30, 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 Waterton’s waiver for non-payment under the Senior Secured Gold Stream Agreement. The transfer of the accounts receivable to Waterton are to be treated as payment towards outstanding interest amounts with any remaining transfer of receivables to be treated as a payment towards other indebtedness under the Credit Agreement, including principal on the note. 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 Accrued Liabilities at September 30, 2014.
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.
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 which is generally derived from estimated discounted cash flows.
	The Company is in continuing discussions with various strategic financing sources, including the Company’s two major creditors at this time. It is unknown if such discussions will be successful in attaining a financing facility and necessary debt restructure 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 September 30, 2014, and in light of continuing financing dialog with various potential financing sources, 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 September 30, 2014 and June 30, 2014, the Company had a reclamation obligation totaling $242,521 and $241,079, 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 three month periods ended September 30, 2014 and 2013, the impact of outstanding stock equivalents has not been included as they would be anti-dilutive.
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 August 2014, the FASB issued ASU 2014-15, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (“ASU 2014-15”), which requires management to evaluate, in connection with financial statement preparation for each annual and interim reporting period, whether there are conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date the financial statements are issued, and to provide related disclosures. ASU 2014-15 applies to all entities and is effective for annual periods ending after December 15, 2016, and interim periods thereafter, with early adoption permitted. The Company has not studied this guidance and is not certain if the adoption of this guidance will have a material effect on its consolidated financial statements.
	In May 2014, the FASB issued ASC updated No. 2014-09, "Revenue from Contracts with Customers (Topic 606)”(ASU 2014-09). Under the amendments in this update, recognition of revenue occurs when a customer obtains control of promised goods or services in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In addition, the new standard requires that reporting companies disclose the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The amendments in this update are effective for fiscal years and interim periods within those years beginning after December 15, 2016. Early adoption is not permitted. The new standard is required to be applied either retrospectively to each prior reporting period presented, or retrospectively with the cumulative effect of applying the update recognized at the date of initial application. The Company has not yet selected a transition method, and has not determined the impact, if any, that the new standard will have on its consolidated financial statements.
	In June 2014, the FASB issued ASU 2014-12, Compensation—Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period, which is effective for financial statements issued for interim and annual periods beginning on or after December 15, 2015. The guidance requires that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition and should not be reflected in the estimate of the grant-date fair value of the award. This standard is not expected to have an effect on the Company’s reported financial position or results of operations.
	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)	3 Months Ended
	Sep. 30, 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)	3 Months Ended
	Sep. 30, 2014
Schedule of Inventory, Current [Table Text Block]	'
			September 30,		June 30,
			2014		2014
	Stockpiled ore	$	-	$	-
	In-process material		-		-
	Siliceous flux material		-		-
	Precious metals concentrate		-		40,000
		$	-	$	40,000

ACCRUED_LIABILITIES_Tables

ACCRUED LIABILITIES (Tables)	3 Months Ended
	Sep. 30, 2014
Schedule of Accrued Liabilities [Table Text Block]	'
			September 30,		June 30,
			2014		2014
	Interest	$	1,926,986	$	1,572,298
	Vacation		50,830		57.602
	Deferred and accrued payroll burden		130,896		133,890
	Franchise taxes		12,753		8,503
	Royalties		690,358		690,358
	Merger costs, net		269,986		269,986
	Other accrued expenses		230,022		133,958
	Audit and accounting		71,885		111,825
	Debt settlement		106,977		106,977
	Property taxes		88,159		135,000
	Receivables due Waterton		813,919		813,919
	Commodity supply agreements		3,233,474		3,989,846
		$	7,626,245	$	8,024,162

DERIVATIVE_INSTRUMENT_LIABILIT1

DERIVATIVE INSTRUMENT LIABILITIES (Tables)	3 Months Ended
	Sep. 30, 2014
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]	'
				Derivative		Derivative		Loss for
				Liability as of		Liability as of		Three months ended
				30-Jun-14		30-Sep-14		30-Sep-14
		Warrants	$	292,124	$	804,839	$	512,715

CONVERTIBLE_NOTES_PAYABLE_Tabl

CONVERTIBLE NOTES PAYABLE (Tables)	3 Months Ended								12 Months Ended
	Sep. 30, 2014								Jun. 30, 2014
Schedule of Convertible Notes Payable and Debentures [Table Text Block]	'								'
	September 30, 2014:		Principal		Unamortized				June 30, 2014:		Principal		Unamortized
			Amount		Discount			Net			Amount		Discount			Net
	Current portion	$	450,000	$	(5,696	)	$	444,304	Current portion	$	450,000	$	(17,937	)	$	432,063
	Long-term portion, net of current		3,402,750		-			3,402,750	Long-term portion, net of current		3,673,527		-			3,673,527
		$	3,852,750	$	(5,696	)	$	3,847,054		$	4,123,527	$	(17,937	)	$	4,105,590

NOTES_PAYABLE_Tables

NOTES PAYABLE (Tables)	3 Months Ended
	Sep. 30, 2014
Schedule of Notes Payable [Table Text Block]	'
			June 30,			June 30,
			2014			2014
	Working capital advances,
	interest at 1% per month, due January 15, 2015	$	220,000		$	-
	Installment sales contract on equipment,
	interest at 5.75%, payable in 36 monthly installments of $1,406, including
	interest through June 2015.		12,352			16,354
	Installment sales contract on equipment,
	interest at 5.75%, payable in 48 monthly installments of $13,874,
	including interest through July 2016.		398,793			398,793
	Unsecured bridge loan note payable,
	Interest at 2% monthly, payable August 17, 2014, six months after the first
	advance on the bridge loan.		1,745,092			1,745,092
	Senior Secured Gold Stream Credit Agreement, interest at
	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.		7,040,427			7,040,427
	Total Outstanding Notes Payable		9,416,664			9,200,666
	Less: Current portion		(9,416,664	)		(9,200,666	)
	Notes payable, net of current portion and discount	$	- -		$	- -
Schedule of Maturities of Notes Payable [Table Text Block]	'
	Year ending June 30, 2015	$	9,416,664
	Total Outstanding Notes Payable	$	9,416,664

FAIR_VALUE_MEASUREMENTS_Tables

FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended					12 Months Ended
	Sep. 30, 2014					Jun. 30, 2014
Fair Value Measurements, Nonrecurring [Table Text Block]	'					'
					Balance at September 30,					Balance at June 30,
		Level 1	Level 2	Level 3	2014		Level 1	Level 2	Level 3	2014
						Assets:	- --	- --	- --	- --
	Assets:	- --	- --	- --	- --	None
	None
						Derivative instruments	- --	- --	$292,124	$292,124
	Liabilities:
	Derivative instruments	- --	- --	$804,839	$804,839
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]	'					'
	Derivative instruments liabilities at June 30, 2014	$	292,124
	Loss on derivative instrument liabilities		512,715
	Derivative instruments liabilities at September 30, 2014	$	804,839

CONTINGENCIES_AND_COMMITMENTS_

CONTINGENCIES AND COMMITMENTS (Tables)	3 Months Ended
	Sep. 30, 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 thereafter	130,000	260,000

STOCKHOLDERS_EQUITY_Tables

STOCKHOLDERS' EQUITY (Tables)	3 Months Ended
	Sep. 30, 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, 2014	8,925,000	$0.24	25,283,511	$0.62
	Granted	7,500,000	$0.06	- --	- --
	Canceled	-6,525,000	$0.36	- --	- --
	Expired	- --	- --	-112,263	$1.06
	Exercised	- --	- --	- --	- --
	Outstanding at September 30, 2014	9,900,000	$0.12	25,171,248	$0.62
Disclosure of Share based Compensation Arrangements By Shares Based Payment Award and Warrants or Rights [Table Text Block]	'
			Outstanding and Exercisable Options								O utstanding 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
	$0.06		7,500,000			- -	0.04	$	0.055	$	0.135	6,750,000	6,750,000	0.25	$	0.135
	$0.08		400,000			400,000	4.28	$	0.08	$	0.38	523,434	523,434	2.96	$	0.38
	$0.14		600,000			600,000	3.85	$	0.14	$	0.4	11,306,786	11,306,786	2.72	$	0.4
	$0.32		450,000			450,000	3.25	$	0.32	$	0.87	500,000	500,000	1.84	$	0.87
	$0.36		700,000			700,000	3.25	$	0.36	$	1	600,000	600,000	2.11	$	1
	$1.00		250,000			250,000	0.54	$	1	$	1.25	250,000	250,000	0.3	$	1.25
			- -			- -				$	1.5	933,334	933,334	1.13	$	1.5
			- -			- -				$	1.625	461,539	461,539	0.25	$	1.625
			- -			- -				$	1.7	3,846,155	3,846,155	0.31	$	1.7
			9,900,000			2,400,000						25,171,248	25,171,248
			Outstanding Options				0.83	$	0.12		Outstanding Warrants			1.47	$	0.62
			Exercisable Options				3.29	$	0.32		Exercisable Warrants			1.47	$	0.62

NATURE_OF_OPERATIONS_Narrative

NATURE OF OPERATIONS (Narrative) (Details) (USD $)

1 Months Ended

1 Months Ended

Jun. 30, 2008

Jun. 30, 2008

Jun. 30, 2008

Jun. 30, 2008

Jun. 30, 2008

31-May-06

Sep. 30, 2014

31-May-06

31-May-06

31-May-06

Sep. 30, 2014

Jun. 30, 2008

Jun. 30, 2008

St. Cloud Mining Company [Member]

St. Cloud Mining Company [Member]

St. Cloud Mining Company [Member]

St. Cloud Mining Company [Member]

St. Cloud Mining Company [Member]

Lordsburg Mining [Member]

Summit silver-gold mine [Member]

Summit silver-gold mine [Member]

Summit silver-gold mine [Member]

Summit silver-gold mine [Member]

Black Canyon mica project [Member]

Banner mill site [Member]

Banner mill site [Member]

Patented mining claim [Member]

Patented mining claim [Member]

Unpatented mining claim [Member]

Unpatented mining claim [Member]

Patented mining claim [Member]

Patented mining claim [Member]

Unpatented mining claim [Member]

sqmi

acre

Assignments of Mining Claims [Member]

Purchase of Mining Claims [Member]

Assignments of Mining Claims [Member]

Purchase of Mining Claims [Member]

acre

Hidalgo County, New Mexico [Member]

Great County, New Mexico [Member]

acre

acre

Mineral Property, Interest Held

'

'

'

'

'

'

100.00%

'

'

'

100.00%

'

'

Business Combination, Consideration Transferred

$841,500

'

'

'

'

$1,300,000

'

'

'

'

'

'

'

Business Acquisition, Percentage of Voting Interests Acquired

'

'

'

'

'

100.00%

'

'

'

'

'

'

'

Area of Land

'

'

'

'

'

'

'

117.6

257

520

'

2.3

1,500

Number of Mining Claims

'

17

70

6

5

'

'

'

'

'

'

'

'

SUMMARY_OF_SIGNIFICANT_ACCOUNT2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details) (USD $)

3 Months Ended

1 Months Ended

4 Months Ended

1 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Jul. 15, 2014

Jul. 31, 2014

Jul. 31, 2014

Jul. 31, 2014

Sep. 30, 2014

Jul. 15, 2014

Letter with Waterton [Member]

Letter with Waterton [Member]

Letter with Waterton [Member]

Gold Stream Agreement [Member]

Waterton [Member]

Euro Pacific [Member]

Euro Pacific [Member]

Euro Pacific [Member]

Carnac [Member]

Carnac [Member]

Carnac [Member]

Minimum [Member]

Maximum [Member]

Net loss

$944,472

$3,999,575

'

'

'

'

'

'

'

'

'

'

'

'

Accumulated Deficit

86,926,960

'

85,982,488

'

'

'

'

'

'

'

'

'

'

'

Working Capital Deficit

25,118,704

'

'

'

'

'

'

'

'

'

'

'

'

'

Shares to be Issued

'

'

'

'

'

'

'

'

'

'

'

'

'

66,000,000

Shares to be Received

'

'

'

'

'

'

'

'

'

'

'

'

'

33,000,000

Subsidiary or Equity Method Investee, Cumulative Percentage Ownership after All Transactions

'

'

'

'

'

'

'

'

'

'

'

17.00%

'

'

Sale of Stock, Percentage of Ownership after Transaction

'

'

'

'

'

'

'

'

'

'

'

34.00%

'

'

Debt Instrument, Interest Rate, Stated Percentage

'

'

'

'

'

'

'

'

8.00%

'

'

'

1.00%

1.00%

Notes Issued

'

'

'

'

'

'

'

'

'

20,000,000

25,000,000

'

'

'

Debt Default, Amount

'

'

'

'

'

'

6,800,000

8,900,000

'

'

'

'

'

'

Receivables Transferred

'

'

'

1,053,599

1,018,056

'

'

'

'

'

'

'

'

'

Accrued liabilities

7,626,245

'

8,024,162

'

'

813,919

'

'

'

'

'

'

'

'

Asset retirement obligation

$242,521

'

$241,079

'

'

'

'

'

'

'

'

'

'

'

DERIVATIVE_INSTRUMENT_LIABILIT2

DERIVATIVE INSTRUMENT LIABILITIES (Narrative) (Details) (USD $)	3 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Jun. 30, 2014
Derivative instrument liabilities	$804,839	'	$292,124
Gain (loss) on derivative instrument liabilities	($512,715)	($291,996)	'
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	0.02%	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	'0 years 22 days	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	141.40%	'	'
Derivative Instruments, Liabilities [Member] | Maximum [Member]	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	1.05%	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	'2 years 11 months 16 days	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	216.62%	'	'

CONVERTIBLE_NOTES_PAYABLE_Narr

CONVERTIBLE NOTES PAYABLE (Narrative) (Details)

3 Months Ended

1 Months Ended

1 Months Ended

1 Months Ended

2 Months Ended

Sep. 30, 2014

Jun. 30, 2014

Jan. 31, 2013

Jan. 31, 2013

Jan. 31, 2013

Jan. 15, 2013

Oct. 30, 2007

Oct. 31, 2007

Sep. 30, 2014

Jun. 30, 2014

Oct. 30, 2007

Oct. 31, 2007

Jul. 31, 2013

Jul. 31, 2013

Nov. 30, 2012

Nov. 30, 2012

Jun. 30, 2014

USD ($)

USD ($)

Expire October 23, 2014 [Member]

Expire November 20, 2014 [Member]

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

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

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

10% Convertible Senior Subordinated Notes [Member]

10% Convertible Senior Subordinated Notes [Member]

10% Convertible Senior Subordinated Notes [Member]

10% Convertible Senior Subordinated Notes [Member]

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

International Goldfields Limited [Member]

International Goldfields Limited [Member]

Binding Heads of Agreement [Member]

Binding Heads of Agreement [Member]

Binding Heads of Agreement [Member]

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

Convertible Secured Notes [Member]

Convertible Secured Notes [Member]

International Goldfields Limited [Member]

International Goldfields Limited [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%

'

10.00%

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

0

'

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

3,402,750

3,673,527

'

'

'

'

'

'

450,000

450,000

'

'

'

'

'

'

'

Facilitation fee

'

'

'

'

'

'

'

'

'

'

'

'

300,000

'

'

'

'

Proceeds from Advances Received

'

'

'

'

'

'

'

'

'

'

'

'

1,250,000

'

'

'

'

Stock Issued to satisfy notes

'

'

'

'

'

'

'

'

'

'

'

'

9,259,259

9,259,259

'

'

'

Gain on debt extinguishment

'

'

'

'

'

'

'

'

'

'

'

'

615,781

'

'

'

'

Proceeds from Secured Notes Payable

'

'

'

'

'

'

'

'

'

'

'

'

'

2,000,000

$3,985,000

3,900,000

'

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 $)

3 Months Ended

1 Months Ended

2 Months Ended

3 Months Ended

10 Months Ended

1 Months Ended

4 Months Ended

1 Months Ended

4 Months Ended

6 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Jun. 30, 2014

Dec. 31, 2011

Dec. 23, 2011

Aug. 31, 2012

Sep. 30, 2013

Jun. 30, 2013

Sep. 30, 2014

Jun. 30, 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

Sep. 30, 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 [Member]

Senior Secured Gold Stream Credit Agreement [Member]

Senior Secured Gold Stream Credit Agreement [Member]

Senior Secured Gold Stream Credit Agreement [Member]

Senior Secured Gold Stream Credit Agreement [Member]

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

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

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

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

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

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

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

Senior Secured Bridge loan [Member]

Letter with Waterton [Member]

Letter with Waterton [Member]

Letter with Waterton [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

4,002

54,219

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5,000,000

'

'

'

'

Debt Instrument, Interest Rate, Stated Percentage

'

'

'

'

'

'

'

'

9.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Credit agreement, coupon rate

'

'

'

'

'

'

'

'

'

'

9.00%

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Periodic Payment

'

'

'

'

'

425,000

445,450

870,455

'

'

'

445,450

3,852,275

0

0

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

9,416,664

'

9,200,666

'

'

'

'

'

7,040,427

7,040,427

'

'

'

'

'

'

'

'

'

'

'

'

'

Increase in Notes Payable, Principal Portion

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

29,145

'

'

Decrease in Notes Payable, Principal Portion

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

739,118

'

'

Receivables due to Waterton

$813,919

'

$813,919

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$813,919

NOTES_PAYABLE_Narrative_Detail

NOTES PAYABLE (Narrative) (Details) (USD $)

Sep. 30, 2014

Jun. 30, 2014

Feb. 14, 2014

Sep. 30, 2014

Jan. 23, 2014

31-May-12

Sep. 30, 2014

Jun. 30, 2014

Jun. 30, 2012

Sep. 30, 2014

Jun. 30, 2014

Sep. 30, 2014

Jul. 15, 2014

Jun. 30, 2014

Tyhee Bridge Loan Agreement [Member]

Tyhee Bridge Loan Agreement [Member]

Tyhee Bridge Loan Agreement [Member]

Installment sales contract 1 [Member]

Installment sales contract 1 [Member]

Installment sales contract 1 [Member]

Installment sales contract 2 [Member]

Installment sales contract 2 [Member]

Installment sales contract 2 [Member]

Carnac [Member]

Carnac [Member]

Carnac [Member]

Notes Payable

$9,416,664

$9,200,666

'

'

'

'

$12,352

$16,354

'

$398,793

$398,793

$220,000

$220,000

$0

Debt Instrument, Interest Rate, Stated Percentage

'

'

24.00%

'

'

5.75%

5.75%

'

5.75%

5.75%

'

1.00%

1.00%

'

Obligated Advances Receivable, Amount

'

'

'

'

3,000,000

'

'

'

'

'

'

'

'

'

Proceeds from Advances

'

'

1,745,092

'

'

'

'

'

'

'

'

'

'

'

Installment sales contract

'

'

'

'

'

46,379

12,352

16,354

593,657

398,793

398,793

'

'

'

Notes Issued, Term

'

'

'

'

'

'36 months

'

'

'48 months

'

'

'

'

'

Accrued liabilities

7,626,245

8,024,162

'

269,986

'

'

'

'

'

'

'

'

'

'

Break Fee

'

'

'

$300,000

'

'

'

'

'

'

'

'

'

'

CONTINGENCIES_AND_COMMITMENTS_1

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

12 Months Ended

1 Months Ended

1 Months Ended

2 Months Ended

27 Months Ended

1 Months Ended

6 Months Ended

1 Months Ended

21 Months Ended

1 Months Ended

2 Months Ended

1 Months Ended

1 Months Ended

Jun. 30, 2012

Sep. 30, 2014

Jun. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Oct. 31, 2007

Aug. 31, 2004

Aug. 31, 2004

Sep. 30, 2014

Nov. 01, 2007

Nov. 01, 2007

Sep. 30, 2014

Sep. 30, 2014

Dec. 31, 2014

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2013

Oct. 31, 2012

Dec. 31, 2012

Dec. 31, 2014

Dec. 31, 2014

Jun. 30, 2014

Jun. 30, 2013

Dec. 30, 2013

Mar. 31, 2014

Jun. 30, 2014

Sep. 30, 2014

Dec. 31, 2011

Dec. 23, 2011

Oct. 31, 2009

Sep. 11, 2009

Sep. 11, 2009

Sep. 11, 2009

Mar. 29, 2011

Aug. 31, 2011

Aug. 09, 2011

Jun. 28, 2011

Sep. 30, 2014

Jun. 30, 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]

President and CEO [Member]

Ortiz Mine Grant [Member]

Ortiz Mine Grant [Member]

Ortiz Mine Grant [Member]

Ortiz Mine Grant [Member]

Ortiz Mine Grant [Member]

Ortiz Mine Grant [Member]

Ortiz Mine Grant [Member]

Ortiz Mine Grant [Member]

Mogollon Project [Member]

Mogollon Project [Member]

Mogollon Project [Member]

Mogollon Project [Member]

Mogollon Project [Member]

Mogollon Project [Member]

Mogollon Project [Member]

Mogollon Option Agreement Amendment 1 [Member]

Mogollon Option Agreement Amendment 1 [Member]

Mogollon Option Agreement Amendment 1 [Member]

Mogollon Option Agreement Amendment 1 [Member]

Amended and Restated Mongollon Option Agreement [Member]

Amended and Restated Mongollon Option Agreement [Member]

Gold Stream Agreement [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 [Member]

Definitive Gold sale agreement with Sandstorm [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]

Definitive Gold sale agreement with Sandstorm Amendment 2 [Member]

Definitive Gold sale agreement with Sandstorm Amendment 2 [Member]

Gold and Silver Supply Agreement [Member]

Gold and Silver Supply Agreement [Member]

Gold and Silver Supply Agreement [Member]

Upon approval by the TSX Venture Exchange [Member]

acre

acre

sqmi

sqmi

acre

Minimum [Member]

Maximum [Member]

Summit silver-gold mine [Member]

Summit silver-gold mine [Member]

Summit silver-gold mine [Member]

Summit silver-gold mine [Member]

Summit silver-gold mine [Member]

Summit silver-gold mine [Member]

Summit silver-gold mine [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]

Area of Land Acquired

'

'

'

'

'

'

'

'

'

'

57,267

90

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Area of Land Relinquished

'

'

'

'

'

'

'

'

'

14,970

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Area of Land

'

'

'

'

'

'

'

'

'

'

'

'

'

66

42,297

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Capital Leases, Future Minimum Payments Due, Next Twelve Months

'

'

'

'

'

'

'

'

'

'

'

'

$130,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Sliding scale production royalty

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3.00%

5.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Accrued Royalty Liability

'

690,358

'

'

'

'

'

'

208,179

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Proceeds from Other Deposits

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4,000,000

'

'

'

'

'

'

'

'

'

'

'

Price per Ounce of Gold

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

400

'

'

'

400

'

'

'

'

400

'

'

'

'

'

Gold production subject to the agreement

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

50.00%

22.00%

'

'

'

'

'

'

'

'

Additional ounces of gold required

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

700

'

'

700

'

'

'

'

Ounces of gold delivered

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

817

'

'

'

'

'

'

Net cost of delivering gold

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,075,785

'

'

'

'

'

'

Completion guarantee payable

'

3,359,873

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

'

'

'

'

'

'

'

'

'

'

'

'

'

Transaction Cost per Ounce of Gold

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1.75

'

Transaction Cost per Ounce of Silver

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.07

'

Commitment, Sale of Ounces of Gold

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3,692

'

'

'

'

'

'

'

'

'

'

'

'

125,000

'

Supply Commitment, Remaining Minimum Amount Committed

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3,000,000

'

'

'

'

'

'

'

'

'

'

611,503

218,811

'

'

Mineral Property, Royalty Percentage

'

'

'

7.50%

5.00%

5.00%

10.00%

1.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Payments to Acquire Mineral Rights

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

937,500

937,500

937,500

937,500

100,000

500,000

4,500,000

937,500

937,500

50,000

887,500

50,000

876,509

'

'

'

'

'

'

'

'

'

'

'

'

'

'

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 $)	1 Months Ended	3 Months Ended
	Jul. 31, 2014	Sep. 30, 2014
Debt Conversion, Converted Instrument, Amount	$200,000	'
Debt Conversion, Converted Instrument, Shares Issued	4,000,000	'
Class of Warrant or Right, Expirations in Period	'	112,263
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures	'	7,500,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period	'	6,525,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	'	$0.06
Share-based Compensation Arrangement by Share-based Payment Award, Options and Warrants, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value	'	20,000
Share-based Compensation Arrangement by Share-based Payment Award, Options and Warrants, Exercisable, Intrinsic Value	'	20,000
Share Price	'	$0.13
Share-based Compensation Arrangement by Share-based Payment Award, Options and Warrants, Vested, Exercisable, In the Money Units	'	400,000
Share-based Compensation Arrangement by Share-based Payment Award, Options and Warrants, Exercises in Period, Total Intrinsic Value	'	0
Share-based Compensation Arrangement by Share-based Payment Award, Options and Warrants, Grants in Period, Fair Value	'	0
Share-based Compensation Arrangement by Share-based Payment Award, Options and Warrants, Vested in Period, Grant Date Fair Value	'	0
Carnac [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures	'	7,500,000
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	'	$0.06
Qualified Financing Requirement	'	$20,000,000

LEGAL_PROCEEDINGS_Narrative_De

LEGAL PROCEEDINGS (Narrative) (Details) (USD $)	3 Months Ended
	Sep. 30, 2014
Vendor 1 [Member]	'
Loss Contingency, Damages Sought, Value	$140,400
Vendor 2 [Member]	'
Loss Contingency, Damages Sought, Value	$125,876

SUBSEQUENT_EVENTS_Narrative_De

SUBSEQUENT EVENTS (Narrative) (Details) (USD $)	3 Months Ended
	Sep. 30, 2014	Jun. 30, 2014
Subsequent Events, Stock Options Expired	7,500,000	'
Subsequent Events, Stock Options Expired, Exercise Price	$0.06	'
Mogollon option costs	$876,509	$876,509

Schedule_of_Property_Plant_and

Schedule of Property, Plant and Equipment, Estimated Useful Life (Details)	3 Months Ended
	Sep. 30, 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 $)	Sep. 30, 2014	Jun. 30, 2014
Stockpiled ore	$0	$0
In-process material	0	0
Siliceous flux material	0	0
Precious metals concentrate	0	40,000
Inventory, Net	$0	$40,000

Schedule_of_Accrued_Liabilitie

Schedule of Accrued Liabilities (Details) (USD $)	Sep. 30, 2014	Jun. 30, 2014
Interest	$1,926,986	$1,572,298
Vacation	50,830	57.602
Deferred and accrued payroll burden	130,896	133,890
Franchise taxes	12,753	8,503
Royalties	690,358	690,358
Merger costs, net	269,986	269,986
Other	230,022	133,958
Audit	71,885	111,825
Debt settlement	106,977	106,977
Property taxes	88,159	135,000
Receivables due to Waterton	813,919	813,919
Commodity supply agreements	3,233,474	3,989,846
Accrued Liabilities, Current	$7,626,245	$8,024,162

Schedule_of_Derivative_Instrum

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance (Details) (USD $)	3 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Jun. 30, 2014
Derivative instrument liabilities	$804,839	'	$292,124
Gain (loss) on derivative instrument liabilities	-512,715	-291,996	'
Warrants	'	'	'
Derivative instrument liabilities	804,839	'	292,124
Gain (loss) on derivative instrument liabilities	($512,715)	'	'

Schedule_of_Convertible_Notes_

Schedule of Convertible Notes Payable and Debentures (Details) (USD $)	Sep. 30, 2014	Jun. 30, 2014
Debt Instrument, Face Amount	$3,852,750	$4,123,527
Debt Instrument, Unamortized Discount	-5,696	-17,937
Debt Instrument, Carrying Amount	3,847,054	4,105,590
Convertible debt, Current Portion [Member]	'	'
Debt Instrument, Face Amount	450,000	450,000
Debt Instrument, Unamortized Discount	-5,696	-17,937
Debt Instrument, Carrying Amount	444,304	432,063
Convertible debt, Long-term portion [Member]	'	'
Debt Instrument, Face Amount	3,402,750	3,673,527
Debt Instrument, Unamortized Discount	0	0
Debt Instrument, Carrying Amount	$3,402,750	$3,673,527

Schedule_of_Notes_Payable_Deta

Schedule of Notes Payable (Details) (USD $)

Sep. 30, 2014

Jun. 30, 2014

Sep. 30, 2014

Jun. 30, 2014

31-May-12

Sep. 30, 2014

Jun. 30, 2014

Jun. 30, 2012

Sep. 30, 2014

Aug. 31, 2012

Sep. 30, 2013

Jun. 30, 2013

Sep. 30, 2014

Jun. 30, 2014

Jul. 31, 2013

Feb. 28, 2013

Jan. 31, 2013

Dec. 31, 2012

Nov. 30, 2012

Oct. 31, 2012

Jun. 30, 2013

Sep. 30, 2014

Jul. 15, 2014

Jun. 30, 2014

Installment sales contract 1 [Member]

Installment sales contract 1 [Member]

Installment sales contract 1 [Member]

Installment sales contract 2 [Member]

Installment sales contract 2 [Member]

Installment sales contract 2 [Member]

Unsecured bridge loan note payable [Member]

Senior Secured Gold Stream Credit Agreement [Member]

Senior Secured Gold Stream Credit Agreement [Member]

Senior Secured Gold Stream Credit Agreement [Member]

Senior Secured Gold Stream Credit Agreement [Member]

Senior Secured Gold Stream Credit Agreement [Member]

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

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

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

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

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

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

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

Carnac [Member]

Carnac [Member]

Carnac [Member]

Debt Instrument, Interest Rate, Stated Percentage

'

'

5.75%

'

5.75%

5.75%

'

5.75%

2.00%

'

'

'

9.00%

'

'

'

'

'

'

'

'

1.00%

1.00%

'

Debt Instrument, Number of Monthly Installments

'

'

36

'

'

48

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Periodic Payment

'

'

$1,406

'

'

$13,874

'

'

'

$425,000

$445,450

$870,455

'

'

$445,450

$3,852,275

$0

$0

$500,000

$1,082,955

$870,455

'

'

'

Total Outstanding Notes Payable

9,416,664

9,200,666

12,352

16,354

'

398,793

398,793

'

1,745,092

'

'

'

7,040,427

7,040,427

'

'

'

'

'

'

'

220,000

220,000

0

Less: Current portion

-9,416,664

-9,200,666

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Notes payable, net of current portion and discount

$0

$0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Schedule_of_Maturities_of_Note

Schedule of Maturities of Notes Payable (Details) (USD $)	Sep. 30, 2014	Jun. 30, 2014
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months	$9,416,664	'
Total Outstanding Notes Payable	$9,416,664	$9,200,666

Fair_Value_Measurements_Nonrec

Fair Value Measurements, Nonrecurring (Details) (USD $)	Sep. 30, 2014	Jun. 30, 2014
Derivative instruments	$804,839	$292,124
Level 1 [Member]	'	'
Derivative instruments	0	0
Level 2 [Member]	'	'
Derivative instruments	0	0
Level 3 [Member]	'	'
Derivative instruments	$804,839	$292,124

Schedule_of_Derivative_Instrum1

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value (Details) (USD $)	3 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Beginning balance: Derivative instruments liabilities	$292,124	'
(Loss) on derivative instrument liabilities	-512,715	-291,996
Ending balance: Derivative instruments liabilities	$804,839	'

Schedule_of_Future_Minimum_and

Schedule of Future Minimum and Maximum Lease Payments (Details) (Ortiz Mine Grant [Member], USD $)	Sep. 30, 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 $)	3 Months Ended
	Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Beginning of Period	8,925,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Beginning of Period	$0.24
Class of Warrant or Right, Outstanding, Beginning of Period	25,283,511
Class of Warrant or Right, Outstanding, Weighted Average Exercise Price, Beginning of Period	$0.62
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures	7,500,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	$0.06
Class of Warrant or Right, Grants in Period, Net of Forfeitures	0
Class of Warrant or Right, Grants in Period, Weighted Average Exercise Price	$0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period	-6,525,000
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	0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Expirations in Period, Weighted Average Exercise Price	$0
Class of Warrant or Right, Expirations in Period	-112,263
Class of Warrant or Right, Expirations in Period, Weighted Average Exercise Price	$1.06
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	9,900,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, End of Period	$0.12
Class of Warrant or Right, Outstanding, End of Period	25,171,248
Class of Warrant or Right, Outstanding, Weighted Average Exercise Price, End of Period	$0.62

Disclosure_of_Share_based_Comp

Disclosure of Share based Compensation Arrangements By Shares Based Payment Award and Warrants or Rights (Details) (USD $)	3 Months Ended
	Sep. 30, 2014	Jun. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding	9,900,000	8,925,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number	2,400,000	'
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Outstanding Options, Weighted Average Remaining Contractual Term	'0 years 9 months 29 days	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$0.12	$0.24
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	'3 years 3 months 14 days	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price	$0.32	'
Class of Warrant or Right, Outstanding	25,171,248	25,283,511
Class of Warrant or Right, Exercisable, Number	25,171,248	'
Class of Warrant or Right, Weighted Average Remaining Contractual Term	'1 year 5 months 19 days	'
Class of Warrant or Right, Outstanding, Weighted Average Exercise Price	$0.62	$0.62
Class of Warrant or Right, Exercisable Weighted Average Remaining Contractual Term	'1 year 5 months 19 days	'
Class of Warrant or Right, Exercisable Weighted Average Exercise Price	$0.62	'
$0.055 Exercise Price [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding	7,500,000	'
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	'0 years 14 days	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$0.06	'
$0.08 Exercise Price [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding	400,000	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number	400,000	'
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Outstanding Options, Weighted Average Remaining Contractual Term	'4 years 3 months 11 days	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$0.08	'
$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	600,000	'
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Outstanding Options, Weighted Average Remaining Contractual Term	'3 years 10 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 3 months	'
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	700,000	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number	700,000	'
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Outstanding Options, Weighted Average Remaining Contractual Term	'3 years 3 months	'
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	'0 years 6 months 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 3 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	'2 years 11 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	'2 years 8 months 19 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	'1 year 10 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 1 month 10 days	'
Class of Warrant or Right, Outstanding, Weighted Average Exercise Price	$1	'
$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 3 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 1 month 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 3 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 3 months 22 days	'
Class of Warrant or Right, Outstanding, Weighted Average Exercise Price	$1.70	'