Santa Fe Gold (SFEG) 10-K 14 Nov 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Jun. 30, 2016	Nov. 13, 2017	Dec. 30, 2016
Document And Entity Information
Entity Registrant Name	Santa Fe Gold CORP
Entity Central Index Key	851,726
Current Fiscal Year End Date	--06-30
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		271,936,273
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well Known Seasoned Issuer	No
Entity Public Float			$ 12,001,399
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Document Type	10-K
Amendment Flag	false
Document Period End Date	Jun. 30, 2016
Trading Symbol	sfeg
Tax Identification Number (TIN)	841,094,315
Contained File Information, File Number	001-12974
Entity Incorporation, State Country Name	Delaware
Entity Address, Address Line One	PO Box 25201
Entity Address, City or Town	Albuquerque
Entity Address, State or Province	NM
Entity Address, Postal Zip Code	87,107

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2016	Jun. 30, 2015
CURRENT ASSETS:
Cash and cash equivalents	$ 2,815	$ 69,305
Other receivable	0	34,833
Prepaid expenses and other current assets	4,475	221,232
Total Current Assets	7,290	325,370
MINERAL PROPERTIES	0	599,897
PROPERTY, EQUIPMENT, AND MINE DEVELOPMENT, NET	0	16,659,231
OTHER ASSETS:
Restricted cash	0	236,628
Total Other Assets	0	236,628
Total Assets	7,290	17,821,126
CURRENT LIABILITIES:
Accounts payable	3,710,931	3,824,591
Accrued liabilities	6,793,984	10,941,480
Derivative instrument liabilities	306,488	1,367,142
Senior subordinated convertible notes payable, net of unamortized discounts of $161,814 and $258,345, respectively	3,392,435	3,443,918
Notes payable, current portion	2,363,885	10,119,569
Completion guarantee payable, net of unamortized discount of $0 and $59,586 respectively	3,359,873	3,300,287
Total Current Liabilities	19,927,596	32,996,987
LONG TERM LIABILITIES:
Asset retirement obligation	0	245,494
Total Liabilities	19,927,596	33,242,481
STOCKHOLDERS' DEFICIT:
Common stock, $.002 par value, 300,000,000 shares authorized; 221,799,662 and 142,396,648 shares issued and outstanding, respectively	443,599	284,793
Additional paid in capital	80,033,944	79,857,465
Accumulated (deficit)	(100,397,849)	(95,563,613)
Total Stockholders' Deficit	(19,920,306)	(15,421,355)
Total Liabilities and Stockholders' Deficit	$ 7,290	$ 17,821,126

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Jun. 30, 2016	Jun. 30, 2015
Statement of Financial Position [Abstract]
Senior subordinated convertible notes payable, unamortized discounts	$ 161,814	$ 258,345
Completion guarantee payable, unamortized discount	$ 0	$ 59,586
Common Stock, Par Value Per Share	$ 0.002	$ 0.002
Common Stock, Shares Authorized	300,000,000	300,000,000
Common Stock, Shares, Issued	221,799,662	142,396,648
Common Stock, Shares, Outstanding	221,799,662	142,396,648

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Income Statement [Abstract]
SALES, Net	$ 6,250	$ 66,884
OPERATING COSTS AND EXPENSES:
Costs applicable to sales	0	40,000
Exploration and mine related costs	473,497	1,350,255
General and administrative	2,072,116	2,123,540
Depreciation and amortization	1,134,112	1,925,690
Loss on disposition of assets	0	616,428
Accretion of asset retirement obligation	0	4,415
Total Operating Costs and Expenses	3,679,725	6,060,328
LOSS FROM OPERATIONS	(3,673,475)	(5,993,444)
OTHER INCOME (EXPENSE):
Gain on debt extinguishment	821,050	62,940
Gain on bankruptcy asset sale	15,309	0
Foreign currency translation	91,590	777,527
Miscellaneous income	110	8,647
Gain (loss) on derivative instrument liabilities	1,068,664	(360,728)
Financing costs	(74,458)	0
Financing costs - commodity supply agreements	(677,996)	928,057
Interest expense	(2,405,030)	(5,004,124)
Total other income (expenses)	(1,160,761)	(3,587,681)
LOSS BEFORE PROVISION FOR INCOME TAXES	(4,834,236)	(9,581,125)
PROVISION FOR INCOME TAXES	0	0
NET LOSS	$ (4,834,236)	$ (9,581,125)
Basic and Diluted Per Share data Net Loss - basic and diluted	$ (0.03)	$ (0.07)
Weighted Average Common Shares Outstanding: Basic and diluted	179,328,825	135,931,166

CONSOLIDATED STATEMENT OF STOCK

CONSOLIDATED STATEMENT OF STOCKHOLDERS' DEFICIT - USD ($)	Common Stock [Member]	Additional Paid-In Capital [Member]	Accumulated (Deficit) [Member]	Total
Beginning Balance at Jun. 30, 2014	$ 254,459	$ 78,292,962	$ (85,982,488)	$ (7,435,067)
Beginning Balance (Shares) at Jun. 30, 2014	127,229,228
Sale of common stock for cash	$ 14,750	587,750	0	602,500
Sale of common stock for cash (Shares)	7,375,000
Common stock issued for accrued compensation	$ 8,000	192,000	0	200,000
Common stock issued for accrued compensation (Shares)	4,000,000
Common stock issued for debt settlement	$ 1,584	40,413	0	41,997
Common stock issued for debt settlement (Shares)	792,420
Common stock issued for services and compensation	$ 2,400	59,640	0	62,040
Common stock issued for services and compensation (Shares)	1,200,000
Costs associated with options issued & vesting	$ 0	456,393	0	456,393
Common stock issued for conversion of note payable and accrued interest	$ 3,600	65,300	0	69
Common stock issued for conversion of note payable and accrued interest (Shares)	1,800,000
Derivative settlement due to conversion	$ 0	163,007	0	163,007
Net (loss)	0	0	(9,581,123)	(9,581,125)
Ending Balance at Jun. 30, 2015	$ 284,793	79,857,465	(95,563,613)	(15,421,355)
Ending Balance (Shares) at Jun. 30, 2015	142,396,648
Sale of common stock for cash	$ 15,000	(7,500)	0	7,500
Sale of common stock for cash (Shares)	7,500,000
Exercise of warrants for cash	$ 15,000	(7,500)	0	$ 7,500
Exercise of warrants for cash (Shares)	7,500,000			7,500,000
Common stock issued for consulting	$ 7,478	61,661	0	$ 69,139
Common stock issued for consulting (Shares)	3,739,187
Common stock issued for accrued compensation	$ 28,436	(14,218)	0	14,218
Common stock issued for accrued compensation (Shares)	14,217,561
Common stock issued for services and compensation				69,139
Common stock issued for conversion of note payable and accrued interest	$ 92,892	53,955	0	146,847
Common stock issued for conversion of note payable and accrued interest (Shares)	46,446,266
Derivative settlement due to conversion	$ 0	90,081	0	90,081
Net (loss)	0	0	(4,834,236)	(4,834,236)
Ending Balance at Jun. 30, 2016	$ 443,599	$ 80,033,944	$ (100,397,849)	$ (19,920,306)
Ending Balance (Shares) at Jun. 30, 2016	221,799,662

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (4,834,236)	$ (9,581,125)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	1,134,112	1,925,690
Stock-based compensation	14,217	456,393
Cost associated with warrants	0	602,297
Stock issued for services	69,139	62,040
Amortization of discounts on notes payable	260,874	162,227
Accretion of asset retirement obligation	0	4,415
(Gain) loss on derivative instrument liabilities	(1,068,664)	360,728
Mogollon option costs	0	876,509
(Gain) on asset sale	(15,309)	0
Loss on equipment disposal	0	616,428
(Gain) on debt extinguishment	(821,050)	(62,940)
Financing costs - commodity supply agreements	677,996	(928,057)
Non-cash interest expense, debt adjustment	0	715,257
Financing costs	74,458	0
Foreign currency translation	(91,590)	(777,527)
Net change in operating assets and liabilities:
Other receivable	34,833	(20,566)
Inventory	0	40,000
Prepaid expenses and other current assets	177,173	25,839
Accounts payable and accrued liabilities	2,068,962	4,377,308
Net Cash Used in Operating Activities	(2,319,085)	(1,145,086)
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from disposal of assets	0	54,333
Increase in restricted cash	0	(4,912)
Net Cash Provided by in Investing Activities	0	49,421
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from sale of stock and exercise of warrants	15,000	602,500
Proceeds from notes payable	0	200,000
Proceeds from convertible notes payable	0	275,000
Merger advance	0	20,000
Proceeds from DIP funding	2,520,958	0
Repayment of DIP funding	(283,363)	0
Payments on notes payable	0	(16,355)
Net Cash Provided by Financing Activities	2,252,595	1,081,145
DECREASE IN CASH AND CASH EQUIVALENTS	(66,490)	(14,520)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	69,305	83,825
CASH AND CASH EQUIVALENTS, END OF YEAR	2,815	69,305
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest	0	473
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Common stock issued for accrued compensation	0	200,000
Liabilities released in the asset sale	16,416,537	0
Common stock issued for convertible notes and accrued interest conversion	146,848	68,900
Settlement of derivative liabilities through conversion	90,081	163,007
Discounts on notes payable due to derivatives	98,091	275,000
Common stock issued for settlement of other payables	$ 0	$ 104,037

NOTE 1 - NATURE OF OPERATIONS

NOTE 1 - NATURE OF OPERATIONS	12 Months Ended
	Jun. 30, 2016
Disclosure Text Block [Abstract]
NOTE 1 – NATURE OF OPERATIONS	NOTE 1 – NATURE OF OPERATIONS Santa Fe Gold Corporation (the “Company”, “our” or “we”) is a U.S. mining company incorporated in Delaware in August 1991. Our general business strategy is to acquire, explore, develop and mine mineral properties. The Company elected on August 26, 2015, to file for Chapter 11 Bankruptcy protection, Case # 15-11761 (MFW) and that case was dismissed on June 15, 2016. The Summit Silver-Gold Project, the Lordsburg Copper Project, Black Canyon Mica Project, Planet MIO Project, all claims and other assets were lost in the process. As the Company emerged from the bankruptcy we had a management team of two with no assets. The Company is in the process of raising equity funds to acquire new mining claims, a potential processing plant or arrangements with a processing plant in an acceptable geographic location to potential new mining claims.

NOTE 2 - SUMMARY OF SIGNIFICANT

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Jun. 30, 2016
Disclosure Text Block [Abstract]
NOTE 2- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation and Going Concern The financial statements have been prepared on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities and commitments in the normal course of business. Should the Company be unable to continue as a going concern, it may be unable to realize the carrying value of its assets and to meet its liabilities as they become due. The Company has incurred a loss of $4,834,236 for the fiscal year ended June 30, 2016, and has a total accumulated deficit of $100,397,849 and a working capital deficit at June 30, 2016 of $19,920,306. The Company currently has no source of generating revenue. The prior operations were suspended all mining operations and placing the mine and mill on a care and maintenance program in November 2013 for lack of working capital. On August 26, 2015 Santa Fe filed for Chapter 11 Bankruptcy protection, Case # 15-11761 (MFW) in Delaware. With the dismissal of our bankruptcy case in June 15, 2016, all assets of the Company were sold. These conditions raise substantial doubt regarding the Company’s ability to continue as a going concern. 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 current operating expenses until the Company has acquired new mining claims and an acceptable source to process the mineralized ore to generate revenue. We have no commitment from any party to provide additional working capital and there is no assurance that any funding will be available as required, or if available, that its terms will be favorable or acceptable to the Company. On June 30, 2016, the Company was in default on payments of approximately $6.8 million under a gold stream agreement (the “Gold Stream Agreement”) with Sandstorm Gold Ltd. (“Sandstorm”). 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 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 (“GAAP”) 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 year. 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 of Financial Instruments The carrying values of cash, miscellaneous receivables, accounts payable and accrued liabilities approximated their related fair values as of June 30, 2016, and 2015, due to the relatively 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 is included in other assets. Other Receivable As of June 30, 2016 the Company has no receivables and at June 30, 2015 had a $34,833 other receivable for a refund of insurance. 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 the 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 All property and equipment on the Company’s books was sold with the 363 Asset Sale in February 2016. 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 ounces 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. Currently, with no claims or mines in our possession, no development costs are incurred. All mine development on the Company’s books was sold with the 363 Asset Sale in February 2016. Idle Equipment No equipment remained in the Company’s possession after the 363 Asset Sale on February 2016. 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 No mineral properties remained in the Company’s possession after the 363 Asset Sale in February 2016. Impairment of Long-Lived Assets We re-evaluated the carrying value of the mine equipment, mine improvements and mineral properties in connection with filing of Chapter 11 in August 2015 subsequent to our current fiscal year ended. It was determined in our audit that impairment was not required for our fiscal years ended June 30, 2015 and 2016, for mine equipment, mine development costs and mineral properties. No equipment, mine improvements and mineral properties remained in the Company’s possession after the 363 Asset Sale in February 2016. Restricted Cash Restricted cash is maintained in connection with requirements for reclamation of projects and bonding requirements for the Company’s weighmaster scale. All Reclamation Bonds are transferred to Waterton after the 363 Asset Sale in February 2016. 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. 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 as a one day derivative loss, 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, using the effective interest method. When required to arrive at the fair value of derivatives associated with the convertible note and warrants, a Monte Carlo model is utilized that values the Convertible Note and Warrant based on average discounted cash flow factoring in the various potential outcomes by a Chartered Financial Analyst (‘CFA”). In determining the fair value of the derivatives the CFA assumed that the Company’s business would be conducted as a going concern. 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 accretion expense. The asset retirement cost is capitalized as part of the asset’s carrying value and depreciated 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 on 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. No reclamation costs are recorded at the end of fiscal 2016 due to the obligation being released as part of the 363 Asset Sale in February 2016. 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. Income Taxes The Company accounts for income taxes using the asset and liability approach, which requires recognition of deferred tax liabilities and assets for the expected future tax consequences of temporary differences between the carrying amounts and the tax basis of such assets and liabilities. This method utilizes enacted statutory tax rates in effect for the year in which the temporary differences are expected to reverse and gives immediate effect to changes in income tax rates upon enactment. A valuation allowance is recorded when it is more likely than not that deferred tax assets will be unrealizable in future periods. As of June 30, 2016 and 2015, the Company has recorded a valuation allowance against the full amount of its net deferred tax assets. The inability to foresee taxable income in future years makes it more likely than not that the Company will not realize its recorded deferred tax assets in future periods. Net Loss Per Share Basic loss per share is calculated by dividing net loss by the weighted average number of common shares outstanding for the period. Diluted earnings per share is calculated by dividing net 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 years ended June 30, 2016 and 2015, 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 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 compensation cost is recognized over the expected vesting period. Share based payments to nonemployees are valued at the earlier or a commitment date or completion of services. Recent Accounting Pronouncements In May 2014, the FASB issued ASC updated No. 2014-09, Revenue from Contracts with Customers (Topic 606 (ASU 2014-09) 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 In August 2014, the FASB issued ASU 2014-15, Presentation of Financial Statements—Going Concern (Subtopic 205-40) Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments. In March 2016, the FASB issued ASU No. 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting In November 2016, the FASB has issued ASU No. 2016-18 , Statement of Cash Flows (Topic 230) In May 2017, FASB issued ASU 2017-09, Compensation—Stock Compensation (Topic 718): Scope of Modification Accounting, which amends the scope of modification accounting surrounding share-based payment arrangements as issued in ASU 2016-09 by providing guidance on the various types of changes which would trigger modification accounting for share-based payment awards. ASU 2017-09 is effective for annual periods beginning after December 15, 2017, and interim periods within those annual periods, which would be the Company's fiscal year ending March 31, 2019. Early adoption is permitted, including adoption in any interim period, for public business entities for reporting periods for which financial statements have not yet been issued. While the Company does not expect the adoption of ASU 2017-09 to have a material effect on its business, the Company is still evaluating any potential impact that adoption of ASU 2017-09 may have on its financial position, results of operations or cash flows. Other recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force), the American Institute of Certified Public Accountants, and the SEC did not, or are not believed by management to, have a material impact on the Company's present or future financial position, results of operations or cash flows.

NOTE 3 - MINERAL PROPERTIES

NOTE 3 - MINERAL PROPERTIES	12 Months Ended
	Jun. 30, 2016
Disclosure Text Block [Abstract]
NOTE 3- MINERAL PROPERTIES	NOTE 3 – MINERAL PROPERTIES Mineral properties were comprised of acquisition costs related to properties in New Mexico and Arizona, as shown below as of June 30, 2016 and 2015: 2016 2015 Summit property, Grant Country, NM $ - $ 119,000 Banner property, Hidalgo County, NM - 230,897 New Planet property, La Paz County, AZ - 250,000 $ - $ 599,897 All mineral properties were part of the 363 Asset Sale on February 26, 2016. See Note 17 – 363 Asset Sale.

NOTE 4 - PROPERTY, EQUIPMENT AN

NOTE 4 - PROPERTY, EQUIPMENT AND MINE DEVELOPMENT	12 Months Ended
	Jun. 30, 2016
Disclosure Text Block [Abstract]
NOTE 4 - PROPERTY, EQUIPMENT AND MINE DEVELOPMENT	NOTE 4 - PROPERTY, EQUIPMENT AND MINE DEVELOPMENT Property, equipment, and mine development consists of the following at June 30, 2016 and 2015: 2016 2015 Office furniture and equipment $ - $ 37,779 Land - 163,000 Mine processing equipment and buildings - 7,134,631 Plant - 8,135,732 Tailings - 1,726,677 Environmental and permits - 267,078 Mine development - 13,709,831 Asset retirement obligation - 221,367 Automotive - 280,785 Software - 87,848 - 31,764,728 Accumulated depreciation and amortization - (15,105,497 ) $ - $ 16,659,231 All property, plant and equipment were part of the 363 Asset Sale on February 26, 2016. See Note 17 – 363 Asset Sale. During fiscal year ended June 30, 2015, we recognized a loss on equipment disposal of $616,428. The loss was attributable to equipment returned to a vendor for sale with a loss recognized of $670,761 and was offset by a gain on the sale of idle equipment with a zero value of $54,333. During the fiscal years ended June 30, 2016 and 2015, depreciation and amortization expense was $1,134,112 and $1,925,690, respectively.

NOTE 5 - ACCRUED LIABILITIES

NOTE 5 - ACCRUED LIABILITIES	12 Months Ended
	Jun. 30, 2016
Disclosure Text Block [Abstract]
NOTE 5 - ACCRUED LIABILITIES	NOTE 5 - ACCRUED LIABILITIES Accrued liabilities consist of the following at June 30, 2016 and 2015: 2016 2015 Interest $ 2,589,993 $ 6,304,917 Vacation 15,771 41,214 Deferred and accrued payroll burden 239,262 360,354 Franchise taxes 8,695 8,695 Royalties (calculated as a percentage of net smelter proceeds to a royalty holder) - 757,251 Merger costs, net 269,986 269,986 Other 19,578 19,579 Audit 20,000 20,000 Property taxes 215,524 92,367 Commodity supply agreements 3,415,175 3,067,117 $ 6,793,984 $ 10,941,480 The decrease in accrued royalties is a result of the bankruptcy proceedings disallowing accrued royalties $797,683 and the amount was written off as a gain on extinguishment of debt. The bankruptcy proceedings also disallowed accrued expenses to a royalty holder aggregating $23,367 and the amount was written off as a gain on extinguishment of debt

NOTE 6 - DERIVATIVE INSTRUMENT

NOTE 6 - DERIVATIVE INSTRUMENT LIABILITIES	12 Months Ended
	Jun. 30, 2016
Disclosure Text Block [Abstract]
DERIVATIVE INSTRUMENT LIABILITIES	NOTE 6 - DERIVATIVE INSTRUMENT LIABILITIES The fair market value of the derivative instruments liabilities were determined utilizing the Black-Scholes option pricing model for warrants and certain convertible notes and to arrive at the fair value of derivatives associated with certain other convertible notes, a Monte Carlo model was utilized that values the Convertible Notes based on average discounted cash flow factoring in the various potential outcomes. In determining the fair value of the derivatives it was assumed that the Company’s business would be conducted as a going concern at June 30, 2016. Utilizing the two methods, the aggregate fair value of the derivative instruments liability was determined to be $306,488 as of June 30, 2016. The following assumptions were utilized in the Black Scholes option pricing model: (1) risk free interest rate of 0.01% to 1.01%, (2) remaining contractual life of 0.13 to 3.77 years, (3) expected stock price volatility of 171% to 307%, and (4) expected dividend yield of zero. The following assumptions were utilized in the Monte Carlo model: (1) features in the note that were analyzed and incorporated into the model included the conversion feature with the reset provisions, (2) redemption provisions and the default provisions, (3) there are four primary events that can occur; payments are made in cash; payments are made with stock; the Holder converts the note; or the Company defaults on the note,(4) stock price of $0.0009 to $0.1760 was utilized, (5) notes convert with variable conversion prices based on the lesser range from of $0.0425 or $0.125 or a fixed rate of 60% or 65% of either the low 20 or 25 TD, depending on the lender and (6) annual volatility for each valuation period was based on the historic volatility of the Company of 391%. Based upon the change in fair value, the Company has recorded a non-cash gain on derivative instruments for the year ended June 30, 2016, of $1,068,664. The table below show the loss on the derivative instruments liability for the years ended June 30, 2016 and 2015. Year Ended June 30, 2016 Derivative Derivative Valuation Change Liability as of Liability as of for the year ended June 30, 2015 June 30, 2016 June 30, 2016 Purchase Agreement Warrants and Convertible Debt $ 1,367,142 $ 306,488 $ 1,060,654 Derivatives recognized as debt discounts 98,091 Derivative liability written off to equity upon conversions (90,081 ) Gain on Derivatives $ 1,068,664 Year Ended June 30, 2015 Derivative Derivative Valuation Change Liability as of Liability as of for the year ended June 30, 2014 June 30, 2015 June 30, 2015 Purchase Agreement Warrants and Convertible Debt $ 292,124 $ 1,367,142 $ (1,075,018 ) Derivatives recognized as debt discounts 275,000 Derivative liability written off to equity upon conversions (163,007 ) Amount allocated to warrants at inception 602,297 Loss on Derivatives $ (360,728 ) 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.

NOTE 7 - COMPLETION GUARANTEE P

NOTE 7 - COMPLETION GUARANTEE PAYABLE	12 Months Ended
	Jun. 30, 2016
Disclosure Text Block [Abstract]
NOTE 7 - COMPLETION GUARANTEE PAYABLE	NOTE 7 – COMPLETION GUARANTEE PAYABLE At June 30, 2012, the Company calculated the completion guarantee payable provided by Amendment 1. Based upon the provisions of the Agreement and the related completion guarantee test, incremental financing charges totaling $504,049 were recognized in Other Expenses and accrued at June 30, 2012. These accrued charges, combined with the remaining uncredited liability totaled $3,359,873 and $3,300,287, net of unamortized discount of $nil and $59,586, at June 30, 2016 and 2015, respectively, and are reported as completion guarantee payable. Amortized discounts of $59,586 were expensed as interest expense during the current fiscal year.

NOTE 8 - CONVERTIBLE NOTES PAYA

NOTE 8 - CONVERTIBLE NOTES PAYABLE	12 Months Ended
	Jun. 30, 2016
Disclosure Text Block [Abstract]
CONVERTIBLE NOTES PAYABLE	NOTE 8 –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 the transaction 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. All issued warrants have expired. 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 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 date. 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. All issued warrants have expired. At June 30, 2016 and 2015, the outstanding principal balance and accrued interest on the senior subordinated convertible notes, was $450,000 and $450,000, and $144,500 and $98,749, respectively, and classified as current. The notes are currently due and in default. Convertible Secured Notes In October and November 2012, the Company received advances totaling A$3,900,000 (A$ - Australia dollars), 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 were 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. On June 30, 2016 and 2015, the total outstanding principal balance on the IGS Secured Convertible Note totaled $2,903,316 and $2,985,606, respectively, and accrued interest was $642,624 and $479,396, respectively. The note is currently due and in default at June 30, 2016. On October 31, 2015, the note became convertible and the CFA computed an embedded conversion option and is separated from the Note and accounted for as a derivative instrument at fair value and discount to the Note and is expensed over the life of the Note under the effective interest method. The initial carrying value of the embedded conversion option was $98,091. During the year ended June 30, 2015 amortization of loan discount was recognized as interest expense of $48,251 and the unamortized discount was $49,840 at June 30, 2016. IGS never submitted a conversion notice and in March 2017 reached an agreement with the Company for a cash settlement of $88,283 on the outstanding principle and accrued interest as payment in full. The settlement amount was paid by wire transfer in April 2017. Convertible Unsecured Notes On October 22, 2014, the Company signed a $500,000 Convertible Note with an accredited investor and received a consideration of net proceeds $75,000, net an original issue discount (“OID) of $8,333. The Consideration on the Note has a Maturity date of two years from the Effective Date and has a 10% OID component attached to it. The Company may repay the Consideration at any time on or before 120 days from the Effect Date and there would be no interest due on the Consideration. If the Company does not repay a Consideration on or before 120 days from its Effective Date, a one- time interest charge of 12% shall be applied to the principal sum. If the Company does not pay a Consideration prior to the 120-day period, the Company may not make further payments on this Note prior to Maturity Date without written approval from the Investor. The Investor may pay additional Consideration to the Company in such amounts and at such dates as the Investor may choose in its sole discretion. During the fiscal year ended June 30, 2015, the investor converted note principle of $68,900 into 1,800,000 shares of restricted common stock. During the fiscal year ended June 30, 2016, the investor converted the balance of the note principle and added interest charges of $24,433 into 916,078 shares of restricted common stock. The original consideration contains an embedded conversion option and is separated from the Note and accounted for as a derivative instrument at fair value and discount to the Note and is expensed over the life of the Note under the effective interest method. The initial carrying value of the of the embedded conversion option exceeded the net proceeds received and created a day one derivative loss of $78,529 in the period ending December 31, 2014. During the fiscal years ended June 30, 2016 and 2015, amortization of loan discounts was recognized as interest expense of $20,185 and $54,815, respectively. On February 25, 2015, a second consideration tranche of $50,000 was delivered under this Convertible Note under the same terms and conditions, net of and OID charge of $5,556. The tranche consideration contains an embedded conversion option and is separated from the Note and accounted for as a derivative instrument at fair value and discount to the Note and is expensed over the life of the Note under the effective interest method. The initial carrying value of the of the embedded conversion option exceeded the net proceeds received and created a day one derivative loss of $105,556 in the period ending March 31, 2015. During the fiscal years ended June 30, 2016 and 2015, amortization of loan discounts was recognized as interest expense of $60,973 and $1,250, respectively. During the fiscal year ended June 30, 2016, the investor converted principle and added interest charges aggregating $62,223 converted into 27,522,855 shares of restricted common stock. On June 24, 2015, a third Consideration tranche of $50,000 was delivered under this Convertible Note under the same terms and conditions, net of and OID charge of $5,556. The tranche consideration contains an embedded conversion option and is separated from the Note and accounted for as a derivative instrument at fair value and discount to the Note and is expensed over the life of the Note under the effective interest method. The initial carrying value of the of the embedded conversion option exceeded the net proceeds received and created a day one derivative loss of $90,395 in the period ending June 30, 2015. During the fiscal years ended June 30, 2016, $6,666 was added to the note principle and note discount and amortization of the loan discount was recognized as interest expense of $5,541 and $593, for the fiscal years ended June 30, 2016 and 2015, respectively. No note conversions were made on the note during the fiscal years ended June 30, 2016 and 2015. During fiscal year ended June 30, 2016, $31,111 in default t charges was added to the note balance. At June 30, 2016 and 2015 the note balance was $93,333 and $55,556, respectively and the unamortized loan discount was $56, 088 and $54,963, respectively. The conversion price with this investor is the lesser of $0.0425 or 65% of the lowest trade price in the 25 trading days previous to the conversion date. At June 30, 2016, the three note tranches had aggregated outstanding principal, discounts and accrued interest of $93,333, and a conversion price of $0.00035. Subsequent to June 30, 2016 the note was not converted and was retired for $90,000 in installments, the final installment made on January 25, 2017. On January 20, 2015 the Company signed a $250,000 Convertible Note with an accredited Investor and received on January 20, 2015, a consideration of net proceeds $50,000, net of an OID of $5,556. The consideration on the Note has a Maturity date of two years from payment of each consideration and has a 10% OID component attached to it. A one- time interest charge of 12% is applied to the principal sum on the on the date of the consideration. The Note principal and interest shall be paid at Maturity date or sooner as provided within the Note and conversion provisions. The Investor may pay additional consideration to the Company in such amounts and at such dates as the Investor may choose in its sole discretion. The initial carrying value of the of the embedded conversion option exceeded the net proceeds received and created a day one derivative loss of $228,200, in the period ending March 31, 2015. On June 9, 2015, a second Consideration tranche of $50,000 was delivered under this Convertible Note under the same terms and conditions, net of an original issue discount (“OID) of $5,556. The tranche consideration contains an embedded conversion option and is separated from the Note and accounted for as a derivative instrument at fair value and discount to the Note and is expensed over the life of the Note under the effective interest method. The initial carrying value of the of the embedded conversion option exceeded the net proceeds received and created a day one derivative loss of $54,270 in the period ending June 30, 2015. During the fiscal years ended June 30, 2016 and 2015, amortization of loan discounts on the two notes was recognized as interest expense of $66,388 and $2,220, respectively. During the fiscal year ended June 30, 2016, the investor converted the note principle and added interest charges of $60,192 into 18,007,333 shares of restricted common stock. During the fiscal year ended June 30, 2016, penalties and default charges of $43,347 were added to the note balances. At June 30, 2016 and 2015, the note balances were $107,599 and $124,444, respectively and the unamortized loan discounts were $55,886 and $122,224, respectively. During the twelve month period, a total of $146,848 of principle and added interest charges were converted into a total of 46,446,266 shares of restricted common stock. The conversion price with this investor is the lesser of $0.125 or 60% of the lowest trade price in the 25 trading days previous to the conversion date. At June 30, 2016, the two note tranches had aggregated outstanding principal $107,599 and had a conversion price of $$0.0003. Subsequent to June 30, 2016, the note was not converted and was retired for $93,000 in installments, the final installment made on September 6, 2016. The components of the convertible notes payable are as follows: June 30, 2016: Principal Unamortized Amount Discount Net Current portion $ 3,554,249 $ (161,814 ) $ 3,392,435 Long-term portion, net of current - - - $ 3,554,249 $ (161,814 ) $ 3,392,435 June 30, 2015: Principal Unamortized Amount Discount Net Current portion $ 3,702,263 $ (258,345) $ 3,443,918 Long-term portion, net of current - - - $ 3,702,263 $ (258,345 ) $ 3,443,918

NOTE 9 - SENIOR SECURED GOLD ST

NOTE 9 - SENIOR SECURED GOLD STREAM CREDIT AGREEMENT	12 Months Ended
	Jun. 30, 2016
Disclosure Text Block [Abstract]
NOTE 9 - SENIOR SECURED GOLD STREAM CREDIT AGREEMENT	NOTE 9 – 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”) 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 was earmarked for fund but was not drawn down. On February 26, 2016, the note balance was $7,755,685 and accrued interest was $5,746,404 and these amounts were eliminated with the 363 Asset Sale where Waterton received all the assets of the Company for all debt and any other agreement obligations as agreed on in the bankruptcy filings in August 2015. Debtor in Possession Financing In connection with the prepetition negotiations of the restructuring support agreement, Waterton Global Value LP (“Waterton”), holders of the Company’s senior notes agreed to provide the Company and the Chapter 11 Subsidiaries a debtor in possession credit facility (the “DIP Credit Agreement"). The DIP Credit Agreement provided for a multi draw net term loan of which a net $2,037,595 was advanced, which became available to the Company upon the satisfaction of certain milestones and contingencies. Waterton also initially advanced a Bridge loan of $200,000 and also charged a structuring fee of $32,203. Pursuant to the Plan the borrowings under the Bridge loan and DIP Credit Agreement, at the option of the lenders to the DIP Credit Agreement, are part of the purchase price of all assets in the “363 Asset Sale”. Net advances under the DIP Credit Agreement at February 26, 2016, were $2,237,595 along with the accrued interest and fees aggregating $101,421and were eliminated with the 363 Asset Sale where Waterton received all the assets of the Company for all debt and any other agreement obligations as agreed on in the bankruptcy filings in August 2015.

NOTE 10 - NOTES PAYABLE

NOTE 10 - NOTES PAYABLE	12 Months Ended
	Jun. 30, 2016
Disclosure Text Block [Abstract]
NOTE 10 - NOTES PAYABLE	NOTE 10 – 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 a $200,000 loan to the Company and a $20,000 merger advance.. 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. The financing did not close under this Agreement and this amount is outstanding at June 30, 2016 and 2015 and is in default. Accrued interest on note at June 30, 2016 and 2015 is $47,402 and $23,334, 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 balance owed on the note was $398,793 and $398,793 at June 30, 2016 and 2015, respectively and accrued interest of $59,238 and $36,307, 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 and remains unsold at June 30, 2016. 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 only $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. The Company has numerous claims against Tyhee resulting from the Merger Agreement, Tyhee’s failure to fund the total $3 million under the Bridge loan Agreement and Tyhee’s allocation of the proceeds from the Bridge Loan Agreement. At June 30, 2014, the Company recorded merger expenses that are due to Tyhee of $269,986 and is included in Accrued Liabilities at June 30, 2016 and 2015. This amount is net of a break fee of $300,000 due to the Company from Tyhee. Accrued interest on note at June 30, 2016 and 2015 was $990,657 and $570,687, respectively. The following summarizes notes payable, including the Senior Secured Gold Stream Credit Agreement, at: June 30, June 30, 2016 2015 Working capital advances, interest at 1% per month, due January 15, 2015 $ 200,000 $ 200,000 Merger advance 20,000 20,000 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. - 7,755,684 Total Outstanding Notes Payable 2,363,885 10,119,569 Less: Current portion (2,363,885 ) (10,119,569 ) Notes payable, net of current portion and discount $ - $ - The aggregate maturities of notes payable as of June 30, 2016 and 2015 $ 2,363,885 $ $ 10,119,569

NOTE 11 - FAIR VALUE MEASUREMEN

NOTE 11 - FAIR VALUE MEASUREMENTS	12 Months Ended
	Jun. 30, 2016
Disclosure Text Block [Abstract]
FAIR VALUE MEASUREMENTS	NOTE 11 – FAIR VALUE MEASUREMENTS The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in generally accepted accounting principles (“GAAP”), and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three (3) broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three (3) levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below: Level 1 Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Lev e Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3 Pricing inputs that are generally observable inputs and not corroborated by market data. Financial assets are considered Level 3 when their fair values are determined using pricing models, discounted cash flow methodologies or similar techniques and at least one significant model assumption or input is unobservable. A slight change in unobservable inputs such as volatility can significantly could have a significant impact on the fair value measurement of the derivatives liabilities. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. If the inputs used to measure the financial assets and liabilities fall within more than one level described above, the categorization is based on the lowest level input that is significant to the fair value measurement of the instrument. The carrying amounts of the Company’s financial assets and liabilities, such as cash and accounts payable approximate their fair values because of the short maturity of these instruments. Transactions involving related parties cannot be presumed to be carried out on an arm's-length basis, as the requisite conditions of competitive, free-market dealings may not exist. Representations about transactions with related parties, if made, shall not imply that the related party transactions were consummated on terms equivalent to those that prevail in arm's-length transactions unless such representations can be substantiated. 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 June 30, 2016 and 2015 are as follows: June 30, Level 1 Level 2 Level 3 2016 Assets: None -- --- --- --- Liabilities: Derivative instruments --- --- $ 306,488 $ 306,488 June 30, Level 1 Level 2 Level 3 2015 Assets: None --- --- --- --- Liabilities: Derivative instruments --- --- $ 1,367,142 $ 1,367,142

NOTE 12 - CONTINGENCIES AND COM

NOTE 12 - CONTINGENCIES AND COMMITMENTS	12 Months Ended
	Jun. 30, 2016
Disclosure Text Block [Abstract]
NOTE 12 - CONTINGENCIES AND COMMITMENTS	NOTE 12 - CONTINGENCIES AND COMMITMENTS Chapter 11 Bankruptcy On August 26, 2015, the Company filed for Chapter 11 Bankruptcy protection in Delaware in order to secure the existing assets from creditor actions. Case No. 15-11761 (MFW). After the dismissal of the bankruptcy case, the Company will have no assets, but is still liable for all commitments and debts outstanding. SFG Barbados, Lordsburg Mining Company and AZCO will be dormant and all the commitments and debts will stay with the respective companies. The court set up a Trust fund that will be funded by the activities of the Summit mine for 5 years and the trust funds will be distributed by an independent trustee to all credit holders on record. Upon receiving the Certification of Counsel Regarding Satisfaction of Conditions in Debtors’ Motion to dismiss Chapter 11 Cases, on June 15, 2016, the Company received the Court Order Dismissing the Chapter 11 Case under the Bankruptcy Code. Office and Real Property Leases On August 01, 2015, the Company moved the office to a single room located in Albuquerque, NM, at the home of the CFO for a monthly rent of $500 until the Company is required to lease increased office space due to additional personnel requirements. Rental expense totaled $6,000 and $23,518 for the years ended June 30, 2016 and 2015, respectively. Title to Mineral Properties Although the Company has taken steps, consistent with industry standards, to verify title to mineral properties in which it has an interest, these procedures do not guarantee the Company’s title. Such properties may be subject to prior agreements or transfers and title may be affected by undetected defects.

NOTE 13 - STOCKHOLDERS (DEFICIT

NOTE 13 - STOCKHOLDERS (DEFICIT)	12 Months Ended
	Jun. 30, 2016
Disclosure Text Block [Abstract]
NOTE 13 - STOCKHOLDERS (DEFICIT) EQUITY	NOTE 13 - STOCKHOLDERS’ (DEFICIT) Common Stock Issuances During the fiscal year ended June 30, 2016, the Company: (i) Issued 3,739,187 shares of restricted common stock for consulting services at a value of $69,139 on the dates of issuance; (ii) Issued an aggregate of 18,007,333 shares of restricted common stock to an accredited investor for the partial conversion of convertible notes aggregating $60,192, and (iii) Issued an aggregate of 28,438,933 shares of restricted common stock to an accredited investor for the partial conversion convertible notes aggregating $86,656; (iv) Issued 14,217,561 shares of restricted common stock for compensation at a value of $14,217 on the date of issuance; (v) Sold 7,500,000 shares of restricted common stock for $7,500, and (vi) Received $7,500 for the exercise of warrants for 7,500,000 shares of restricted common stock. The issuance of the restricted common shares during our fiscal year 2016, were exempt from the registration requirements of the Securities Act of 1933, as amended, pursuant to Section 4(a)(2) thereof because such issuance did not involve a public offering. During the fiscal year ended June 30, 2015, the Company: (i) Sold 7,375,000 shares of restricted common stock for cash proceeds of $602,500; (ii) Issued an aggregate of 4,000,000 shares of restricted common stock to five creditors in settlement aggregate of $200,000 of debt; (iii) Issued 792,240 shares of restricted common stock to a creditor valued at $41,998 for settlement of a debt of $106,978. The Company recorded a gain of $64,980 on the extinguishment of the debt; (iv) Issued 800,000 shares of restricted common shares to each of two related party creditors, in settlement of $40,000 of debt. The market value of the stock issued was $41,360 and the Company recorded a loss of $1,360 on the extinguishment of the debt; (v) Issued 400,000 shares of restricted common shares to a creditor, in settlement of $20,000 of debt. The market value of the stock issued was $20,680 and the Company recorded a loss of $680 on the extinguishment of the debt and, (vi) During the year ended June 30 2015, issued 1,800,000 of restricted common stock in partial conversion of an aggregate of $68,900 in principal and accrued interest under a promissory note. The issuance of the restricted common shares during our fiscal year 2015, were exempt from the registration requirements of the Securities Act of 1933, as amended, pursuant to Section 4(a)(2) thereof because such issuance did not involve a public offering. Warrants During the fiscal year ended June 30, 2016, the Company issued7,500,000 warrants at $0.001 as part of a private placement to accredited investors and the warrants were exercised on the issuance date. During the fiscal year ended June 30, 2015, the Company: (i) On November 25, 2014, in connection with a private placement of 3,375,000 shares of the Company’s common stock, the Company issued 3,375,000 warrants expiring on December 30, 2015, giving the holder the right to purchase common stock at $0.06 per share. Using the Black-Scholes option pricing model, the fair market value of the warrants at the time of issuance was determined to be $126,082. The warrants were valued using the following significant assumptions: (1) a risk free interest rate of 0.14%, (2) expected life of 1.1 years, (3) expected stock price volatility of 228% and (4) expected dividend yield of zero. (ii) On February 6, 2015, in connection with a private placement of 3,000,000 shares of the Company’s common stock, the Company issued 3,000,000 and 240,000 fully vested warrants to the note holder and an individual for placement fees, respectively, expiring on February 6, 2019, giving the holders the right to purchase common stock at $0.15 per share. Using the Black-Scholes option pricing model, the fair market value of the warrants at the time of issuance was determined to be $334,671. The warrants were valued using the following significant assumptions: (1) a risk free interest rate of 1.26%, (2) expected life of 4 years, (3) expected stock price volatility of 152% and (4) expected dividend yield of zero. (iii) On April 7, 2015, in connection with a private placement of 1,000,000 shares of the Company’s common stock, the Company issued 1,000,000 fully vested warrants to the note holder, expiring on April 7, 2019, giving the holder the right to purchase common stock at $0.15 per share. Using the Black-Scholes option pricing model the warrants were valued at $131,192 using the following significant assumptions: (1) a risk free interest rate of 1.26%, (2) expected life of 4 years, (3) expected stock price volatility of 155% and (4) expected dividend yield of zero. (iv) On May 13, 2015, in connection with a private placement of the Company’s common stock, the Company issued 80,000 fully vested warrants to an individual for placement fees, expiring on May 13, 2019, giving the holder the right to purchase common stock at $0.15 per share. Using the Black-Scholes option pricing model the warrants were valued at $10,352 using the following significant assumptions: (1) a risk free interest rate of .97%, (2) expected life of 4 years, (3) expected stock price volatility of 179% and (4) expected dividend yield of zero. Stock Options and the 2007 Equity Incentive Plan At the Company’s Annual Meeting on July 24, 2007, the stockholders approved the 2007 Equity Incentive Plan ("2007 EIP"). The 2007 EIP became effective on July 25, 2007, and will terminate on July 24, 2017. A maximum of 8,000,000 shares of common stock are reserved for the grant of non-qualified stock options, incentive stock options, restricted stock awards and other stock awards under the 2007 EIP. The 2007 EIP replaces the Company’s 1989 Stock Option Plan, which terminated on April 30, 2007. The purpose of the 2007 EIP is to provide the employees, non-employee directors, and consultants who are selected for participation in the 2007 EIP with added incentives to continue in the long-term service of the Company and to create in such persons a more direct interest in the future success of the Company’s operations by relating increases in compensation to increases in stockholder value, so that the income of the participants in the 2007 EIP is more closely aligned with the financial interests of the Company’s stockholders. The 2007 EIP is also intended to provide a financial incentive that will enable the Company to attract, retain and motivate the most qualified directors, employees, and consultants. Options Granted or Modified During the fiscal year ended June 30, 2016, the Company issued no options. During the year ended June 30, 2016, the Board modified the strike price on 7,5000,000 options granted to two corporate Officers and a Board member from $0.05 to $0.001, the closing market price on the date of the modification. During the fiscal year ended June 30, 2015, the Company; (i) Pursuant to Share Exchange Agreement with Canarc Resource Corp., the Company granted five year stock options outside of the 2007 EIP 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 is July 15, 2019 if a qualified financing is consummated, or October 15, 2014 if a qualified financing is 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 will terminate, unless a closing of the transactions contemplated shall have 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, 2015. The associated granted options did not vest and expired on October 15, 2014 according to the terms of the grant. (ii) On October 17, 2014, the Company granted outside of the 2007 EIP, 2,500,000 four year options at an exercise price of $0.05 per share to each of the two officers of the Company and a director, with the options vested on the date of the grant. The options were valued at $281,388 using the Black-Scholes option pricing model. The options were valued using the following assumptions: (1) a risk free interest rate of 0.391%, (2) expected life of 2.0 years, (3) stock price volatility of 170.017% and (4) expected dividend yield of zero. Stock-based compensation of $281,388 was recorded during the quarter ended December 31, 2014. The closing price on the date of the grant was $0.0488. (iii) On December 31, 2014, the Company granted outside of the 2007 EIP an aggregate 3,500,000 four year options at an exercise price of $0.05 per share to three employees of the Company, with the options vested on the date of the grant. The options were valued at $130,099 using the Black-Scholes option pricing model. The options were valued using the following assumptions: (1) a risk free interest rate of 0.671%, (2) expected life of 2.0 years, (3) stock price volatility of 188.108% and (4) expected dividend yield of zero. Stock-based compensation of $130,099 was recorded during the quarter ended December 31, 2014. The closing price on the date of the grant was $0.0459. (iv) On January 2, 2015, the Company granted 100,000 five year options at an exercise price of $0.07 per share to each of the two directors, the closing price on the date of grant and the options vested on the date of the grant. The options were valued at $11,740 using the Black-Scholes option pricing model. The options were valued using the following assumptions: (1) a risk free interest rate of 0.86%, (2) expected life of 2.5 years, (3) stock price volatility of 176.55% and (4) expected dividend yield of zero. Stock-based compensation of $11,740 was recorded during the quarter ended March 31, 2015. Stock option and warrant activity, both within the 1989 Stock Option Plan and 2007 EIP and outside of these plans, for the years ended June 30, 2016 and 2015 are as follows: Stock Options Stock Warrants Weighted Weighted Average Average Number of Exercise Number of Exercise Shares Price Shares Price Outstanding at June 30, 2014 8,925,000 $ 0.24 25,283,511 $ 0.62 Granted 18,700,000 $ 0.05 7,695,000 $ 0.11 Canceled (15,115,000 ) $ 0.14 (12,082,457 ) .75 Expired --- $ --- --- $ --- Exercised --- --- --- $ --- Outstanding at June 30, 2015 12,510,000 $ 0.07 20,896,054 $ 0.37 Granted --- $ --- 7,500,000 $ 0.001 Canceled (4,110,000 ) $ 0.09 (10,452,620 ) $ 0.38 Expired (25,000 ) $ 0.36 --- $ Exercised --- (7,500,500 ) 0.001 Outstanding at June 30, 2016 8,375,000 $ 0.02 10,443,434 $ 0.35 Stock options and warrants outstanding and exercisable at June 30, 2016, are as follows: Outstanding and Exercisable Options Outstanding and Exercisable Warrants Weighted Weighted Average Average Contractual Weighted Contractual Weighted Exercise Remaining Average Exercise Remaining Average Price Outstanding Exercisable Life Exercise Price Outstanding Exercisable Life Exercise Range Number Number (in Years) Price Range Number Number (in Years) Price $0.001 7,500,000 7,500,000 2.30 $ 0.001 $ 0.15 4,320,000 4,320,000 2.63 $ 0.15 $0.07 200,000 200,000 3.51 $ 0.07 $ 0.38 523,434 523,434 1.21 $ 0.38 $0.08 200,000 200,000 2.51 $ 0.08 $ 0.40 4,500,00 4,500,000 1.08 $ 0.40 $0.14 200,000 200,000 2.10 $ 0.14 $ 0.87 500,000 500,000 0.09 $ 0.87 $0.32 100,000 100,000 1.14 $ 0.32 $ 1.00 600,000 600,000 0.36 $ 1.00 $0.36 175,000 175,000 1.28 $ 0.36 8,375,000 8,375,000 10,443,434 10,443,434 Outstanding Options 2.29 $ 0.02 Outstanding Warrants 1.65 $ 0.35 Exercisable Options 2.29 $ 0.02 Exercisable Warrants 1.65 $ 0.35 As of June 30, 2016, the aggregate intrinsic value of all stock options and warrants vested and expected to vest was $0 and the aggregate intrinsic value of currently exercisable stock options and warrants was $97,500. The intrinsic value of each option or warrant 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 $0.014 closing stock price of the common stock on June 30, 2016. The total number of in-the-money options and warrants vested and exercisable as of June 30, 2016 was 7,500,000. The total intrinsic value associated with options exercised during the year ended June 30, 2016 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 during the year ended June 30, 2016 was approximately $0. The total grant-date fair value of option and warrant shares vested during the year ended June 30, 2016 was $0. The Company adopted its 2007 EIP pursuant to which the Company reserved and registered 8,000,000 shares stock and option grants. As of June 30, 2015, there were 4,550,000 shares available for grant under the 2007 Plan, excluding the 1,310,000 options outstanding under the 2007 Plan.

NOTE 14 - INCOME TAXES

NOTE 14 - INCOME TAXES	12 Months Ended
	Jun. 30, 2016
Disclosure Text Block [Abstract]
INCOME TAXES	NOTE 14- INCOME TAXES The Company has had no income tax expense or benefit since July 1, 1997, because of operating losses. Deferred tax assets and liabilities are determined based on the estimated future tax effect of differences between the financial statement and tax reporting basis of assets and liabilities, as well as for net operating loss carry forwards, given the provisions of existing tax laws. The Company files income tax returns in the U.S. and state jurisdictions and there are open statutes of limitations for taxing authorities to audit the Company’s tax returns from years ended June 30, 2012 through the current period. The approximate income tax benefit is computed by applying the U.S. federal income tax rate of 35% to net (loss) before taxes for the fiscal years ended after June 30, 2012, and 34% for the prior year periods. 2016 2015 Tax benefit at the federal statutory rate $ 1,737,087 $ 2,318,833 State tax benefit 372,233 496,893 Expiration of state operating benefit (395,871 ) (432,984 ) Prior year true-up --- 822,038 (Increase) in valuation allowance (1,713,449 ) (3,204,780 ) Income tax expense $ --- $ --- The components of the deferred tax assets at June 30, 2016 and 2015 are as follows: Deferred Tax Asset 2016 2015 Federal net operating loss carry forwards $ 34,269,743 $ 32,532,656 State net operating loss carry forwards 3,280,936 3,304,574 Valuation allowance (37,550,679 ) (35,837,230 ) Net deferred tax asset $ --- $ --- In assessing the realizability of estimated deferred tax assets, the Company considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income. Due to the Company’s history of losses, the deferred tax assets are fully offset by a valuation allowance as of June 30, 2016 and 2015. At June 30, 2016, the Company had estimated federal tax basis net operating loss carry forwards for federal income tax purposes of approximately $99.5 million. Net operating losses for federal income tax purposes may be carried back for two years and forward for twenty years. The net operating losses expire in varying amounts from June 30, 2019 to 2036. At June 30, 2016, the Company had estimated state tax basis net operating loss carry forwards for state income tax purposes of approximately $43.7 million. Net operating losses for state income tax purposes may be carried forward for five years. These losses expire in varying amounts from June 30, 2016 to 2021.

NOTE 15 - RELATED PARTY TRANSAC

NOTE 15 - RELATED PARTY TRANSACTIONS	12 Months Ended
	Jun. 30, 2016
Disclosure Text Block [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 15 – RELATED PARTY TRANSACTIONS In the fiscal years ended June 30, 2016 and 2015, the Jordaan Law Firm billed for legal services $0 and $31,753, respectively. Amounts owed at June 30, 2016 and 2015 was $191,267 and $421,385, respectively. Accrued wages for Mr. Jordan at June 30, 2016 and 2015 were $78,520 and $237,989, respectively. On August 1, 2015, the Company leased a home office space from the Company CFO for $500 a month for the corporate administrative office in Albuquerque, NM until such time growth requires a larger corporate administrative office. On June 5, 2016, the Company issued 15,956,748 shares to employees (CEO & CFO) and to some consultants associated with the Company for their efforts to keep the Company functioning. On December 12, 2016, the employees and consultant returned 15,956,748 shares to the treasury in order to be able to raise more funds to acquire additional assets. Transactions involving related parties cannot be presumed to be carried out on an arm's-length basis, as the requisite conditions of competitive, free-market dealings may not exist. Representations about transactions with related parties, if made, shall not imply that the related party transactions were consummated on terms equivalent to those that prevail in arm's-length transactions unless such representations can be substantiated.

NOTE 16 - LEGAL PROCEEDINGS

NOTE 16 - LEGAL PROCEEDINGS	12 Months Ended
	Jun. 30, 2016
Disclosure Text Block [Abstract]
LEGAL PROCEEDINGS	NOTE 16 – LEGAL PROCEEDINGS All legal proceedings stayed with the filing of Chapter 11 bankruptcy. At the time of the bankruptcy filing several litigations were filed in several courts. Santa Fe believes that the following suits will be stayed pursuant to the Bankruptcy Code. After dismissal of the Chapter 11 filings, we have not been notified of any of the below cases if they will continue or not. Boart Long year Company v. Lordsburg Mining Company County of Bernalillo, NM; Boart Longyear Company v. Lordsburg Mining Company County of Sierra, NM; Boart Longyear Company v. Lordsburg Mining Company County of Quintero, NM. Series of collection cases by Boart Longyear Company, who obtained Utah judgment for equipment delivered to Lordsburg Mining Company Santa Fe Gold Corporation v. Tyhee Gold Corp Santa Fe is seeking damages for breach of the Confidentiality Agreement as well as for conversion of Santa Fe’s confidential information. Tyhee Gold Corp. has filed a counter-claim for tortuous interference with prospective contractual relationships with Koza Gold. Wagner Equipment Co . v. Lordsburg Mining Company County of Bernalillo, NM 28 Collection case by Wagner equipment, who obtained judgment for equipment delivered to Lordsburg Mining Company. 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 conducted a strategic evaluation as whether or not to continue with the Ortiz Gold Project. Given the public opposition to the Ortiz Gold Project, Santa Fe has decided not to further pursue the Ortiz Gold Project. Lone Mountain Ranch LLC sued Ortiz Mines Inc against any mining activities on the property, and Santa Fe Gold was only a co-defender. With the bankruptcy, we, SFG, were dismissed. We are in litigation with two vendors for claims for approximately $140,400 and $125,876, respectively against us. 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.” The claims were against Lordsburg Mining company, were stayed during the proceedings and all claims remained. We are in litigation with a purported royalty holder of our Summit Silver Gold Project. The purported royalty holder is seeking $500,000 in past due royalty payments and a return of the Summit mine. The Company believes that it has valid defenses against the claims has filed numerous counter-claims and cross-claims seeking damages significantly in excess of $500,000 If the Company is unsuccessful in the litigation or in raising additional funding, we may not be able to resolve this 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”). In the bankruptcy proceedings the court ordered Waterton to pay back royalties in the amount of $125,000 and Summit Minerals is entitled to additional $2,125,000 royalties when the Summit mine starts operating. 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 June 30, 2016, 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 could have 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.

NOTE 17 - BANKRUPTCY AND RELATE

NOTE 17 - BANKRUPTCY AND RELATED 363 ASSET SALE	12 Months Ended
	Jun. 30, 2016
Disclosure Text Block [Abstract]
BANKRUPTCY AND RELATED 363 ASSET SALE	NOTE 17 – BANKRUPTCY AND RELATED 363 ASSET SALE In August 26, 2015, the Company filed for Chapter 11 Bankruptcy protection in Delaware in order to secure the existing assets from creditor actions. Case No. 15-11761 (MFW). Jakes Jordaan, Santa Fe’s former CEO, filed in the Affidavit in Support of the first day motion (full affidavit can be researched in the Delaware court filings. Case# 15-11761 MFW on August 26, 2015) that we have only one remaining option (plan) to have an orderly sale of all assets to satisfying qualified debt without any plan for the thereafter and he began working with Canaccord Genuity Inc. (“Canaccord”) as our investment banker to assist with these efforts. The “asset sale” took place in February 2016 and left Santa Fe Gold and Subsidiaries without any assets and with remaining debt. After the dismissal of the bankruptcy case, the Company has no assets, but is liable for all commitments and debts that remain outstanding. Santa Fe Gold Barbados, The Lordsburg Mining Company and AZCO will be dormant and all the commitments and debts will stay with the respective companies. The court set up a Trust fund that will be funded by the activities of the Summit mine for five years and the trust funds will be distributed by an independent trustee to all credit holders of record. On February 26, 2016, Waterton completed the acquisition of substantially all of the Company’s assets pursuant to an Asset Purchase Agreement dated February 26, 2016. Waterton, as the only successful bidder for Santa Fe’s assets, eliminated all pre-petition agreements, all amounts of loans, interest and gold stream agreements that was owed to them prior to the filings of the chapter 11 and also the DIP funding that was put in place during the proceedings for all assets belonging to Santa Fe and its subsidiaries. All assets were free and clear of liens, claims, mortgages, pledges and interest of any kind without limitation in the transfer. The sale is a binding and valid transfer with all rights, title and interest in the acquired assets. At the time of the agreement all debt owed to Waterton is eliminated, but all other liabilities to unsecured lenders stay in effect. The table below summarizes the carrying value of the assets sold and the liabilities disposed in the 363 Asset Sale as of asset transfer on February 26, 2016: February 26, 2016 Assets Sold Restricted cash $ 236,628 Prepaid expenses and other current assets 39,584 Property, plant and equipment, net 4,992,154 Mine development properties, net 10,532,965 Mineral properties, net 599,897 $ 16,401,228 Liabilities Disposed Notes payable $ 9,993,280 Accrued interest 5,815,622 Asset retirement obligation 245,494 DIP fees 32.203 Accrued CSA fees 329,938 Total $ 16,416,537 Net gain on the Asset 363 Sale $ 15,309

NOTE 18 - SUBSEQUENT EVENTS

NOTE 18 - SUBSEQUENT EVENTS	12 Months Ended
	Jun. 30, 2016
Disclosure Text Block [Abstract]
SUBSEQUENT EVENTS	NOTE 18 – SUBSEQUENT EVENTS Recent Issuances of Unregistered Securities In the period from July 2016 through June 2017, the Company sold an aggregate of 40,844,368 units. Each unit consisted of one common share and one common stock warrant. The warrants had a term of 5 years and an exercise price ranging from $0.001 to $0.10. All warrants were immediately exercised resulting in the issuance of an additional 40,844,368 common shares. The Company received aggregate proceeds of $2,708,483 from these sales and warrant exercises. In connection with this offering, the Company incurred placement fees consisting of a cash fee of 10% of the full combined dollar amount of units placed in the offering plus warrants exercisable for 10% of the shares and warrants included in the units placed with exercise prices ranging from $0.001 to $0.10. To date, no placement agent fee warrants have been issued. The Company incurred a cash fee amounting to $272,348 in connection with this raise. In addition, between July 2017 and October 17, 2017, the Company has an additional $2,623,281 for additional equity purchases from a private overseas investment company and a number of associated investors. The stock and warrant shares have not been issued at this time and the stock certificates and warrant shares (approximately 32,787,500 shares at this time) will be issued at the same time and the same price. In connection with this offering, the Company has incurred placement fees consisting of a cash fee of 10% of the full combined dollar amount of units placed in the offering plus warrants exercisable for 10% of the shares and warrants included in the units placed. To date, no placement agent fee warrants have been issued. The Company has incurred a cash fee amounting to $262,328 in connection with this raise. On August 1, 2016, the Company issued to a lender 2,120,000 shares of common stock and the shares were returned to the Company on September 13, 2016, due to a pre-existing agreement with the Company. On December 12, 2016, employees and a consultant returned 15,956,748 shares to the treasury in order to be able to raise more funds to acquire additional assets. On November 16, 2015, the Olson estate returned 6,956,750 shares on, into the Treasury for no consideration. The shares were added back into the treasury on August 1, 2016, by our transfer agent upon completion of necessary documentation by the estate for the legal transfer. On September 20 and 23, 2016, the Company issued contractors 3,300,000 shares restricted common stock for services. On December 17, 2016, the Company issued to a contractor 200,000 shares for services. On January 25, 2017, the Company issued contractor 200,000 shares of restricted stock for services. Other Events On July 19, 2016 a new company was formed: Santa Fe Acquisition LLC (“SFA”) with Tom Laws, our CEO, as the signer, for the sole purpose of acquiring assets for Santa Fe Gold (“SFG”). On September 25, 2017, with an effective date of July 23, 2016, the CEO assigned ownership of SFA to Santa Fe Gold whereby SFG became to sole member of SFA resulting in SFA becoming a wholly owned subsidiary of SFG. All major purchases were made through the SFA Company for the benefit of SFG, with the funding provided by SFG. On December 9, 2016, the Company retained International Monetary ("IM") as its Investment Banking & Strategic Advisory firm to provide capital resources, structure financing, proprietary investor relations services, advice on maximizing growth and valuation, M&A advisory and counsel to the Company's management on other strategic decisions. IM is to receive 6 installment payments of $6,000 and 2% of the Company’s common stock on a fully diluted basis amounting to 5,665,360 shares issued at the time of signing the contract. In addition, IM is entitled to additional common shares amounting to 2% of the Company’s common stock on a fully diluted basis six month from the date of the agreement. Between April 10, 2017 and October 13, 2017 Santa Fe Gold transferred approximately $2.5 million to acquire properties for Santa Fe Gold and the staking of all the claims currently owned by Santa Fe Gold. The announcement was made on September 17, 207 that we acquired 100% of Bullard’s Peak Corporation and Black Hawk Consolidated Mines Company, which includes formerly optioned AG1 Silver Mine and all lands surrounding the project to include potential Porphyry Silver Discovery and all rights to same. These transactions are summarized below: - On April 10, 2017, the Company delivered $500,000 to be held in escrow pending, and to be applied as part of the purchase price due under an agreement with Bullard’s Peak Corporation and Black Hawk Consolidated Mines Company to acquire 100% of the issued and outstanding capital stock for a cash purchase price in the aggregate amount of $3,000,000, to be paid over time as stated in the Bullard’s Peak agreement. - On August 18, 2017, the Company signed the Bullard’s Peak Agreement and delivered an additional $100,000 towards the purchase price. - On August 30, 2017, the Company delivered an additional $900,000 to Bullard’s Peak towards the purchase price under terms of the Agreement. - On September 08, 2017, the Company delivered $500,000 to Bullard’s Peak towards the purchase price under terms of the Agreement. - On September 14, 2017, the Company acquired 100% of Bullard’s Peak Corporation and Black Hawk Consolidated Mines Company, pending two more payment to be delivered at the end October and November 2017. - On October 13, 2017, the Company delivered $500,000 to Bullard’s Peak towards the purchase price under terms of the Agreement. On April 10, 2017 we reached a non-disclosure agreement with our prior CEO, Mr. Jordaan, about his outstanding back wages and amounts due for legal services rendered to the Company prior assuming the position of CEO. Mr. Jordaan resigned as CEO and from the board effective May 6, 2016. On February 2, 2017, an investor returned 18,000,000 shares to the Company and were returned to the transfer agent and cancelled and are deducted from the outstanding shares. The shares are to be re-issued at a later time and the obligation will be accounted for as a derivative liability at the fair value of the shares and marked to market at each balance sheet date. On October 22, 2014, the Company signed a $500,000 and $250,000 Convertible Note, from two investors, from which we drew down tranches aggregating $275,000. The note holders converted a portion of the advances and default penalties to restricted common stock and at September 30, 2015, the notes and related default penalties had an aggregate outstanding balance of $200,932. In January 2017 the note holders agreed to take cash settlements aggregating $183,000 to satisfy the outstanding obligations. On December 14, 2016 the trust, established by the bankruptcy court to protect the creditors, paid $354,458 to the recorded creditors and Santa Fe Gold will record this as Trust Forgiveness Revenues. On August 5, 2016 we contacted 19 creditors and note holders of the Santa Fe Gold and made an offer in compromise: “ the company respectfully hereby offers a cash payment to you, in consideration of your discharge and release of any and all outstanding (non-trust) claims, in the amount of Three (3%) per cent of the present principal balance otherwise owed Proceeds from the sale of our equity were used to secure claims in the southern part of New Mexico. Between September 14, 2016 and November 04, 2016, we secured claims and paid $9,328 for BLM filing fees, these claims have a 5% royalty attached. As of October 2017, we have the rights to 24 claims. We are currently in negotiations with other existing mines for which we may have to pay royalties or establish a partnership if an agreement is reached. On July 26, 2017 the board changed the price for 7,500,000 options from $.001 (Board meeting May 05, 2016) to $.002.

NOTE 2 - SUMMARY OF SIGNIFICA25

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Jun. 30, 2016
Policy Text Block [Abstract]
Basis of Presentation and Going Concern	Basis of Presentation and Going Concern The financial statements have been prepared on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities and commitments in the normal course of business. Should the Company be unable to continue as a going concern, it may be unable to realize the carrying value of its assets and to meet its liabilities as they become due. The Company has incurred a loss of $4,834,236 for the fiscal year ended June 30, 2016, and has a total accumulated deficit of $100,397,849 and a working capital deficit at June 30, 2016 of $19,920,306. The Company currently has no source of generating revenue. The prior operations were suspended all mining operations and placing the mine and mill on a care and maintenance program in November 2013 for lack of working capital. On August 26, 2015 Santa Fe filed for Chapter 11 Bankruptcy protection, Case # 15-11761 (MFW) in Delaware. With the dismissal of our bankruptcy case in June 15, 2016, all assets of the Company were sold. These conditions raise substantial doubt regarding the Company’s ability to continue as a going concern. 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 current operating expenses until the Company has acquired new mining claims and an acceptable source to process the mineralized ore to generate revenue. We have no commitment from any party to provide additional working capital and there is no assurance that any funding will be available as required, or if available, that its terms will be favorable or acceptable to the Company. On June 30, 2016, the Company was in default on payments of approximately $6.8 million under a gold stream agreement (the “Gold Stream Agreement”) with Sandstorm Gold Ltd. (“Sandstorm”).
Principles of Consolidation	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 and Santa Fe Gold Barbados Corporation, a Barbados corporation. All significant inter-company accounts and transactions have been eliminated in consolidation.
Reclassifications	Reclassifications Certain items in these consolidated financial statements have been reclassified to conform to the current year’s presentation.
Estimates	Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) 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 year. 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 of Financial Instruments	Fair Value of Financial Instruments The carrying values of cash, miscellaneous receivables, accounts payable and accrued liabilities approximated their related fair values as of June 30, 2016, and 2015, due to the relatively short-term nature of these instruments.
Cash and Cash Equivalents	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 is included in other assets.
Other Receivable	Other Receivable As of June 30, 2016 the Company has no receivables and at June 30, 2015 had a $34,833 other receivable for a refund of insurance.
Property, Equipment and Mine Development	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 the 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 All property and equipment on the Company’s books was sold with the 363 Asset Sale in February 2016. 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 ounces 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. Currently, with no claims or mines in our possession, no development costs are incurred. All mine development on the Company’s books was sold with the 363 Asset Sale in February 2016.
Idle Equipment	Idle Equipment No equipment remained in the Company’s possession after the 363 Asset Sale on February 2016.
Mineral Properties	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 No mineral properties remained in the Company’s possession after the 363 Asset Sale in February 2016.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets We re-evaluated the carrying value of the mine equipment, mine improvements and mineral properties in connection with filing of Chapter 11 in August 2015 subsequent to our current fiscal year ended. It was determined in our audit that impairment was not required for our fiscal years ended June 30, 2015 and 2016, for mine equipment, mine development costs and mineral properties. No equipment, mine improvements and mineral properties remained in the Company’s possession after the 363 Asset Sale in February 2016.
Restricted Cash	Restricted Cash Restricted cash is maintained in connection with requirements for reclamation of projects and bonding requirements for the Company’s weighmaster scale. All Reclamation Bonds are transferred to Waterton after the 363 Asset Sale in February 2016.
Derivative Financial Instruments	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. 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 as a one day derivative loss, 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, using the effective interest method. When required to arrive at the fair value of derivatives associated with the convertible note and warrants, a Monte Carlo model is utilized that values the Convertible Note and Warrant based on average discounted cash flow factoring in the various potential outcomes by a Chartered Financial Analyst (‘CFA”). In determining the fair value of the derivatives the CFA assumed that the Company’s business would be conducted as a going concern. 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 Costs Reclamation obligations are recognized when incurred and recorded as liabilities at fair value. The liability is accreted over time through periodic charges to accretion expense. The asset retirement cost is capitalized as part of the asset’s carrying value and depreciated 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 on 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. No reclamation costs are recorded at the end of fiscal 2016 due to the obligation being released as part of the 363 Asset Sale in February 2016.
Revenue Recognition	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.
Income Taxes	Income Taxes The Company accounts for income taxes using the asset and liability approach, which requires recognition of deferred tax liabilities and assets for the expected future tax consequences of temporary differences between the carrying amounts and the tax basis of such assets and liabilities. This method utilizes enacted statutory tax rates in effect for the year in which the temporary differences are expected to reverse and gives immediate effect to changes in income tax rates upon enactment. A valuation allowance is recorded when it is more likely than not that deferred tax assets will be unrealizable in future periods. As of June 30, 2016 and 2015, the Company has recorded a valuation allowance against the full amount of its net deferred tax assets. The inability to foresee taxable income in future years makes it more likely than not that the Company will not realize its recorded deferred tax assets in future periods.
Net Loss Per Share	Net Loss Per Share Basic loss per share is calculated by dividing net loss by the weighted average number of common shares outstanding for the period. Diluted earnings per share is calculated by dividing net 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 years ended June 30, 2016 and 2015, the impact of outstanding stock equivalents has not been included as they would be anti-dilutive.
Stock-Based Compensation	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 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 compensation cost is recognized over the expected vesting period. Share based payments to nonemployees are valued at the earlier or a commitment date or completion of services.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, the FASB issued ASC updated No. 2014-09, Revenue from Contracts with Customers (Topic 606 (ASU 2014-09) 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 In August 2014, the FASB issued ASU 2014-15, Presentation of Financial Statements—Going Concern (Subtopic 205-40) Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments. In March 2016, the FASB issued ASU No. 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting In November 2016, the FASB has issued ASU No. 2016-18 , Statement of Cash Flows (Topic 230) In May 2017, FASB issued ASU 2017-09, Compensation—Stock Compensation (Topic 718): Scope of Modification Accounting, which amends the scope of modification accounting surrounding share-based payment arrangements as issued in ASU 2016-09 by providing guidance on the various types of changes which would trigger modification accounting for share-based payment awards. ASU 2017-09 is effective for annual periods beginning after December 15, 2017, and interim periods within those annual periods, which would be the Company's fiscal year ending March 31, 2019. Early adoption is permitted, including adoption in any interim period, for public business entities for reporting periods for which financial statements have not yet been issued. While the Company does not expect the adoption of ASU 2017-09 to have a material effect on its business, the Company is still evaluating any potential impact that adoption of ASU 2017-09 may have on its financial position, results of operations or cash flows. Other recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force), the American Institute of Certified Public Accountants, and the SEC did not, or are not believed by management to, have a material impact on the Company's present or future financial position, results of operations or cash flows.

NOTE 2 - SUMMARY OF SIGNIFICA26

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Jun. 30, 2016
Table Text Block Supplement [Abstract]
Schedule of Property, Plant and Equipment, Estimated Useful Life	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

NOTE 3 - MINERAL PROPERTIES (Ta

NOTE 3 - MINERAL PROPERTIES (Tables)	12 Months Ended
	Jun. 30, 2016
Table Text Block Supplement [Abstract]
Schedule of Mineral Propery Acquisition Costs [Table Text Block]	Mineral properties were comprised of acquisition costs related to properties in New Mexico and Arizona, as shown below as of June 30, 2016 and 2015: 2016 2015 Summit property, Grant Country, NM $ - $ 119,000 Banner property, Hidalgo County, NM - 230,897 New Planet property, La Paz County, AZ - 250,000 $ - $ 599,897

NOTE 4 - PROPERTY, EQUIPMENT 28

NOTE 4 - PROPERTY, EQUIPMENT AND MINE DEVELOPMENT (Tables)	12 Months Ended
	Jun. 30, 2016
Table Text Block Supplement [Abstract]
Schedule of Property, Plant and Equipment	Property, equipment, and mine development consists of the following at June 30, 2016 and 2015: 2016 2015 Office furniture and equipment $ - $ 37,779 Land - 163,000 Mine processing equipment and buildings - 7,134,631 Plant - 8,135,732 Tailings - 1,726,677 Environmental and permits - 267,078 Mine development - 13,709,831 Asset retirement obligation - 221,367 Automotive - 280,785 Software - 87,848 - 31,764,728 Accumulated depreciation and amortization - (15,105,497 ) $ - $ 16,659,231

NOTE 5 - ACCRUED LIABILITIES (T

NOTE 5 - ACCRUED LIABILITIES (Tables)	12 Months Ended
	Jun. 30, 2016
Table Text Block Supplement [Abstract]
Schedule of Accrued Liabilities	Accrued liabilities consist of the following at June 30, 2016 and 2015: 2016 2015 Interest $ 2,589,993 $ 6,304,917 Vacation 15,771 41,214 Deferred and accrued payroll burden 239,262 360,354 Franchise taxes 8,695 8,695 Royalties (calculated as a percentage of net smelter proceeds to a royalty holder) - 757,251 Merger costs, net 269,986 269,986 Other 19,578 19,579 Audit 20,000 20,000 Property taxes 215,524 92,367 Commodity supply agreements 3,415,175 3,067,117 $ 6,793,984 $ 10,941,480

NOTE 6 - DERIVATIVE INSTRUMEN30

NOTE 6 - DERIVATIVE INSTRUMENT LIABILITIES (Tables)	12 Months Ended
	Jun. 30, 2016
Table Text Block Supplement [Abstract]
Schedule of Derivative Liabilities at Fair Value	The table below show the loss on the derivative instruments liability for the years ended June 30, 2016 and 2015. Year Ended June 30, 2016 Derivative Derivative Valuation Change Liability as of Liability as of for the year ended June 30, 2015 June 30, 2016 June 30, 2016 Purchase Agreement Warrants and Convertible Debt $ 1,367,142 $ 306,488 $ 1,060,654 Derivatives recognized as debt discounts 98,091 Derivative liability written off to equity upon conversions (90,081 ) Gain on Derivatives $ 1,068,664 Year Ended June 30, 2015 Derivative Derivative Valuation Change Liability as of Liability as of for the year ended June 30, 2014 June 30, 2015 June 30, 2015 Purchase Agreement Warrants and Convertible Debt $ 292,124 $ 1,367,142 $ (1,075,018 ) Derivatives recognized as debt discounts 275,000 Derivative liability written off to equity upon conversions (163,007 ) Amount allocated to warrants at inception 602,297 Loss on Derivatives $ (360,728 )

NOTE 8 - CONVERTIBLE NOTES PA31

NOTE 8 - CONVERTIBLE NOTES PAYABLE (Tables)	12 Months Ended
	Jun. 30, 2016
Table Text Block Supplement [Abstract]
Schedule of Convertible Notes Payable and Debentures [Table Text Block]	The components of the convertible notes payable are as follows: June 30, 2016: Principal Unamortized Amount Discount Net Current portion $ 3,554,249 $ (161,814 ) $ 3,392,435 Long-term portion, net of current - - - $ 3,554,249 $ (161,814 ) $ 3,392,435 June 30, 2015: Principal Unamortized Amount Discount Net Current portion $ 3,702,263 $ (258,345) $ 3,443,918 Long-term portion, net of current - - - $ 3,702,263 $ (258,345 ) $ 3,443,918

NOTE 10 - NOTES PAYABLE (Tables

NOTE 10 - NOTES PAYABLE (Tables)	12 Months Ended
	Jun. 30, 2016
Table Text Block Supplement [Abstract]
Schedule of Notes Payable	The following summarizes notes payable, including the Senior Secured Gold Stream Credit Agreement, at: June 30, June 30, 2016 2015 Working capital advances, interest at 1% per month, due January 15, 2015 $ 200,000 $ 200,000 Merger advance 20,000 20,000 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. - 7,755,684 Total Outstanding Notes Payable 2,363,885 10,119,569 Less: Current portion (2,363,885 ) (10,119,569 ) Notes payable, net of current portion and discount $ - $ -
Schedule of Maturities of Notes Payable	The aggregate maturities of notes payable as of June 30, 2016 and 2015 $ 2,363,885 $ $ 10,119,569

NOTE 11 - FAIR VALUE MEASUREM33

NOTE 11 - FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Jun. 30, 2016
Table Text Block Supplement [Abstract]
Fair Value Measurements, Nonrecurring	The fair value measurement of financial instruments and other assets as of June 30, 2016 and 2015 are as follows: June 30, Level 1 Level 2 Level 3 2016 Assets: None -- --- --- --- Liabilities: Derivative instruments --- --- $ 306,488 $ 306,488 June 30, Level 1 Level 2 Level 3 2015 Assets: None --- --- --- --- Liabilities: Derivative instruments --- --- $ 1,367,142 $ 1,367,142

NOTE 13 - STOCKHOLDERS (DEFIC34

NOTE 13 - STOCKHOLDERS (DEFICIT) (Tables)	12 Months Ended
	Jun. 30, 2016
Table Text Block Supplement [Abstract]
Schedule of Share-based Compensation, Stock Options, and Warrants or Rights Activity	Stock option and warrant activity, both within the 1989 Stock Option Plan and 2007 EIP and outside of these plans, for the years ended June 30, 2016 and 2015 are as follows: Stock Options Stock Warrants Weighted Weighted Average Average Number of Exercise Number of Exercise Shares Price Shares Price Outstanding at June 30, 2014 8,925,000 $ 0.24 25,283,511 $ 0.62 Granted 18,700,000 $ 0.05 7,695,000 $ 0.11 Canceled (15,115,000 ) $ 0.14 (12,082,457 ) .75 Expired --- $ --- --- $ --- Exercised --- --- --- $ --- Outstanding at June 30, 2015 12,510,000 $ 0.07 20,896,054 $ 0.37 Granted --- $ --- 7,500,000 $ 0.001 Canceled (4,110,000 ) $ 0.09 (10,452,620 ) $ 0.38 Expired (25,000 ) $ 0.36 --- $ Exercised --- (7,500,500 ) 0.001 Outstanding at June 30, 2016 8,375,000 $ 0.02 10,443,434 $ 0.35
Disclosure of Share based Compensation Arrangements By Shares Based Payment Award and Warrants or Rights [Table Text Block]	Stock options and warrants outstanding and exercisable at June 30, 2016, are as follows: Outstanding and Exercisable Options Outstanding and Exercisable Warrants Weighted Weighted Average Average Contractual Weighted Contractual Weighted Exercise Remaining Average Exercise Remaining Average Price Outstanding Exercisable Life Exercise Price Outstanding Exercisable Life Exercise Range Number Number (in Years) Price Range Number Number (in Years) Price $0.001 7,500,000 7,500,000 2.30 $ 0.001 $ 0.15 4,320,000 4,320,000 2.63 $ 0.15 $0.07 200,000 200,000 3.51 $ 0.07 $ 0.38 523,434 523,434 1.21 $ 0.38 $0.08 200,000 200,000 2.51 $ 0.08 $ 0.40 4,500,00 4,500,000 1.08 $ 0.40 $0.14 200,000 200,000 2.10 $ 0.14 $ 0.87 500,000 500,000 0.09 $ 0.87 $0.32 100,000 100,000 1.14 $ 0.32 $ 1.00 600,000 600,000 0.36 $ 1.00 $0.36 175,000 175,000 1.28 $ 0.36 8,375,000 8,375,000 10,443,434 10,443,434 Outstanding Options 2.29 $ 0.02 Outstanding Warrants 1.65 $ 0.35 Exercisable Options 2.29 $ 0.02 Exercisable Warrants 1.65 $ 0.35

NOTE 14 - INCOME TAXES (Tables)

NOTE 14 - INCOME TAXES (Tables)	12 Months Ended
	Jun. 30, 2016
Table Text Block Supplement [Abstract]
Schedule of Effective Income Tax Rate Reconciliation	The approximate income tax benefit is computed by applying the U.S. federal income tax rate of 35% to net (loss) before taxes for the fiscal years ended after June 30, 2012, and 34% for the prior year periods. 2016 2015 Tax benefit at the federal statutory rate $ 1,737,087 $ 2,318,833 State tax benefit 372,233 496,893 Expiration of state operating benefit (395,871 ) (432,984 ) Prior year true-up --- 822,038 (Increase) in valuation allowance (1,713,449 ) (3,204,780 ) Income tax expense $ --- $ ---
Schedule of Deferred Tax Assets and Liabilities	The components of the deferred tax assets at June 30, 2016 and 2015 are as follows: Deferred Tax Asset 2016 2015 Federal net operating loss carry forwards $ 34,269,743 $ 32,532,656 State net operating loss carry forwards 3,280,936 3,304,574 Valuation allowance (37,550,679 ) (35,837,230 ) Net deferred tax asset $ --- $ ---

NOTE 17 - BANKRUPTCY AND RELA36

NOTE 17 - BANKRUPTCY AND RELATED 363 ASSET SALE (Tables)	12 Months Ended
	Jun. 30, 2016
Table Text Block Supplement [Abstract]
Schedue of Carrying value of assets and liabilities	The table below summarizes the carrying value of the assets sold and the liabilities disposed in the 363 Asset Sale as of asset transfer on February 26, 2016: February 26, 2016 Assets Sold Restricted cash $ 236,628 Prepaid expenses and other current assets 39,584 Property, plant and equipment, net 4,992,154 Mine development properties, net 10,532,965 Mineral properties, net 599,897 $ 16,401,228 Liabilities Disposed Notes payable $ 9,993,280 Accrued interest 5,815,622 Asset retirement obligation 245,494 DIP fees 32.203 Accrued CSA fees 329,938 Total $ 16,416,537 Net gain on the Asset 363 Sale $ 15,309

NOTE 2 - SUMMARY OF SIGNIFICA37

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES : Property, Plant and Equipment, Estimated Useful Life (Details)	12 Months Ended
	Jun. 30, 2016
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
Property, Plant and Equipment, Useful Life	7 years
Mine development [Member] | Maximum
Property, Plant and Equipment, Useful Life	20 years
Plant [Member] | Minimum
Property, Plant and Equipment, Useful Life	3 years
Plant [Member] | Maximum
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
Property, Plant and Equipment, Useful Life	3 years
Automotive [Member] | Maximum
Property, Plant and Equipment, Useful Life	5 years
Software [Member]
Property, Plant and Equipment, Useful Life	5 years

NOTE 2 - SUMMARY OF SIGNIFICA38

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Net loss	$ 4,834,236	$ 9,581,125
Accumulated Deficit	100,397,849	95,563,613
Working Capital Deficit	19,920,306
Other Receivable	0	$ 34,833
Gold Stream Agreement [Member]
Debt Default, Amount	$ 68

NOTE 3 - MINERAL PROPERTIES (De

NOTE 3 - MINERAL PROPERTIES (Details) - USD ($)	Jun. 30, 2016	Jun. 30, 2015
Mineral Properties	$ 0	$ 599,897
Summit Silvergold Mine [Member]
Mineral Properties	0	119,000
Banner mill site [Member]
Mineral Properties	0	230,897
New Planet property [Member]
Mineral Properties	$ 0	$ 250,000

NOTE 4 - PROPERTY, EQUIPMENT 40

NOTE 4 - PROPERTY, EQUIPMENT AND MINE DEVELOPMENT : Schedule of Property, Plant and Equipment (Details) - USD ($)	Jun. 30, 2016	Jun. 30, 2015
Property, Plant and Equipment, Gross	$ 0	$ 31,764,728
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	0	(15,105,497)
Property, Plant and Equipment, Net	0	16,659,231
Office furniture and equipment [Member]
Property, Plant and Equipment, Gross	0	37,779
Land [Member]
Property, Plant and Equipment, Gross	0	163,000
Mine processing equipment and buildings [Member]
Property, Plant and Equipment, Gross	0	7,134,631
Plant [Member]
Property, Plant and Equipment, Gross	0	8,135,732
Tailings [Member]
Property, Plant and Equipment, Gross	0	1,726,677
Environmental and permits [Member]
Property, Plant and Equipment, Gross	0	267,078
Mine development [Member]
Property, Plant and Equipment, Gross	0	13,709,831
Asset retirement obligation [Member]
Property, Plant and Equipment, Gross	0	221,367
Automotive [Member]
Property, Plant and Equipment, Gross	0	280,785
Software [Member]
Property, Plant and Equipment, Gross	$ 0	$ 87,848

NOTE 4 - PROPERTY, EQUIPMENT 41

NOTE 4 - PROPERTY, EQUIPMENT AND MINE DEVELOPMENT (Details) - USD ($)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Text Block [Abstract]
Depreciation and amortization	$ 1,134,112	$ 1,925,690
Loss on equipment disposal	670,761
Cash proceeds from asts sold	54,333
Gain (Loss) on Disposition of Assrts	$ 0	$ (616,428)

NOTE 5 - ACCRUED LIABILITIES_ S

NOTE 5 - ACCRUED LIABILITIES: Schedule Of Accrued Liabilities (Details) - USD ($)	Jun. 30, 2016	Jun. 30, 2015
Text Block [Abstract]
Interest	$ 2,589,993	$ 6,304,917
Vacation	15,771	41,214
Deferred and accrued payroll burden	239,262	360,354
Franchise taxes	8,695	8,695
Royalties (calculated as a percentage of net smelter proceeds to a royalty holder)	0	757,251
Merger costs, net	269,986	269,986
Other	19,578	19,579
Audit	20,000	20,000
Property taxes	215,524	92,367
Commodity supply agreements	3,415,175	3,067,117
Accrued Liabilities, Current	$ 6,793,984	$ 10,941,480

NOTE 5 - ACCRUED LIABILITIES (D

NOTE 5 - ACCRUED LIABILITIES (Details) - USD ($)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Text Block [Abstract]
Gain on extinguishment of debt	$ 821,050	$ 62,940

NOTE 6 - DERIVATIVE INSTRUMEN44

NOTE 6 - DERIVATIVE INSTRUMENT LIABILITIES: Schedule Of Derivative Liabilities (Details) - USD ($)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Derivative instrument liabilities	$ 306,488	$ 1,367,142	$ 292,124
Increase (Decrease) in Derivative Assets and Liabilities	1,060,654	(1,075,018)
Derivatives recognized as debt discounts	98,091	275,000
Derivative liability written off to equity upon note conversions	(90,081)	(163,007)
Amount allocated to warrants at inception		602,297
Gain (loss) on Derivative	1,068,664	(360,728)
Notes in compromise
Derivative instrument liabilities	$ 306,488	$ 1,367,142

NOTE 6 - DERIVATIVE INSTRUMEN45

NOTE 6 - DERIVATIVE INSTRUMENT LIABILITIES (Details) - USD ($)	3 Months Ended	12 Months Ended		24 Months Ended
	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2015	Jun. 30, 2014	Jan. 15, 2013	Oct. 30, 2007
Derivative instrument liabilities	$ 1,367,142	$ 306,488	$ 1,367,142	$ 1,367,142	$ 292,124
Gain (loss) on derivative instrument liabilities		$ 1,068,664	(780,656)
Warrants
Fair Value, Option, Methodology and Assumptions		Black Scholes option pricing model
Fair Value Assumptions, Expected Dividend Rate		0.00%
Warrants | Minimum
Fair Value Assumptions, Risk Free Interest Rate		0.01%
Fair Value Assumptions, Expected Term		1 month 16 days
Fair Value Assumptions, Expected Volatility Rate		171.00%
Fair Value Assumptions, Expected Dividend Rate		0.00%
Warrants | Maximum
Fair Value Assumptions, Risk Free Interest Rate		1.01%
Fair Value Assumptions, Expected Term		3 years 9 months 7 days
Fair Value Assumptions, Expected Volatility Rate		307.00%
Fair Value Assumptions, Expected Dividend Rate		0.00%
Convertible Note
Fair Value, Option, Methodology and Assumptions		Monte Carlo model
Fair Value Assumptions, Expected Volatility Rate		391.00%
Convertible Note | Minimum
Share Price		$ 0.0009
Debt Instrument, Convertible, Conversion Price		0.0425
Convertible Note | Maximum
Share Price		0.1760
Debt Instrument, Convertible, Conversion Price		$ 0.125
Convertible unsecured note 4
Gain (loss) on derivative instrument liabilities	(228,200)
Convertible unsecured note 2
Gain (loss) on derivative instrument liabilities	(105,556)
Convertible unsecured note 5
Gain (loss) on derivative instrument liabilities	(54,270)
Convertible unsecured note 3
Gain (loss) on derivative instrument liabilities	(90,395)
Convertible unsecured note 1
Gain (loss) on derivative instrument liabilities				(78,529)
Notes in compromise
Derivative instrument liabilities	$ 1,367,142	$ 306,488	$ 1,367,142	$ 1,367,142
Senior Subordinated convertible note 1
Share Price							$ 1.50
Debt Instrument, Convertible, Conversion Price						$ 0.40

NOTE 7 - COMPLETION GUARANTEE46

NOTE 7 - COMPLETION GUARANTEE PAYABLE (Details) - USD ($)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2012
Total accrued liabilities	$ 6,404,518	$ 10,941,480
Debt Instrument, Unamortized Discount	161,814	258,345
Accretion of discount on notes payable	0	715,257
Completion guarantee payable
Total accrued liabilities	3,359,873	3,300,287	$ 504,049
Debt Instrument, Unamortized Discount	0	$ 59,586
Accretion of discount on notes payable	$ 59,586

NOTE 8 - CONVERTIBLE NOTES PA47

NOTE 8 - CONVERTIBLE NOTES PAYABLE : Schedule Of Convertible Notes Payable (Details) - USD ($)	Jun. 30, 2016	Jun. 30, 2015
Debt Instrument, Face Amount	$ 3,554,249	$ 3,702,263
Debt Instrument, Unamortized Discount	(161,814)	(258,345)
Debt Instrument, Carrying Amount	3,392,435	3,443,918
Convertible debt, Current Portion [Member]
Debt Instrument, Face Amount	3,554,249	3,702,263
Debt Instrument, Unamortized Discount	(161,814)	(258,345)
Debt Instrument, Carrying Amount	3,392,435	3,443,918
Convertible Debt Longterm Portion [Member]
Debt Instrument, Face Amount	0	0
Debt Instrument, Unamortized Discount	0	0
Debt Instrument, Carrying Amount	$ 0	$ 0

NOTE 8 - CONVERTIBLE NOTES PA48

NOTE 8 - CONVERTIBLE NOTES PAYABLE (Details) - USD ($)	1 Months Ended						2 Months Ended	3 Months Ended	12 Months Ended
	Jul. 31, 2015	Jan. 31, 2015	Feb. 28, 2010	Jan. 31, 2010	Dec. 31, 2009	Oct. 31, 2009	Nov. 30, 2012	Jun. 30, 2010	Jun. 30, 2016	Jun. 30, 2015	Jul. 15, 2016	Jan. 15, 2015	Oct. 30, 2009
Class of Warrant or Right, Grants in Period, Net of Forfeitures									7,500,000	(15,115,000)
Senior subordinated convertible notes payable, net of discount									$ 0	$ 3,673,527
Debt Instrument, Unamortized Discount									161,814	258,345
Gain on debt extinguishment									821,050	62,940
Expire November Two Zero Two Zero One Four [Member]
Class of Warrant or Right, Grants in Period, Net of Forfeitures		187,500
Expire October Two Three Two Zero One Four [Member]
Class of Warrant or Right, Grants in Period, Net of Forfeitures		375,000
Extension of convertible notes payable to three accredited investors [Member]
Debt Instrument, Convertible, Conversion Price												$ 0.40
Debt Instrument, Convertible, Automatic Conversion Price												$ 0.80	$ 2.50
Class of Warrant or Right, Grants in Period, Strike Price		$ 0.40
Carnac [Member]
Debt Instrument, Interest Rate, Stated Percentage											1.00%
One Zero Convertible Senior Subordinated Notes [Member]
Debt Instrument, Contractual Term						60 months
Value of Note Issued per Warrant issued			$ 2			$ 2
Debt Instrument, Convertible, Conversion Price													$ 1.25
Senior subordinated convertible notes payable, net of discount									450,000	450,000
Debt Instrument, Unamortized Discount									17,937	0
Convertible Secured Notes [Member] | International Goldfields Limited [Member]
Debt Instrument, Interest Rate, Stated Percentage	10.00%
Facilitation fee	$ 300,000
Proceeds from Advances Received	$ 1,361,453
Stock Issued to satisfy notes	9,259,259
Gain on debt extinguishment	$ 615,781
Proceeds from Secured Notes Payable	$ 2
Convertible notes payable									3,673,527
Additional Investment Rights [Member]
Value of Note Issued per Warrant issued				$ 2				$ 2
Seven Senior Secured Convertible Debenture With Attached Warrants [Member]
Value of Note Issued per Warrant issued					$ 2
Debt Instrument, Unamortized Discount									1,774,042
Convertible debt, Current Portion [Member]
Debt Instrument, Unamortized Discount									161,814	258,345
Convertible Debt Longterm Portion [Member]
Debt Instrument, Unamortized Discount									0	$ 0
Binding Heads of Agreement [Member] | International Goldfields Limited [Member]
Debt Instrument, Interest Rate, Stated Percentage										6.00%
Proceeds from Secured Notes Payable							$ 3,985,000
Convertible notes payable									$ 3,673,527	$ 3,951,310

NOTE 9 - SENIOR SECURED GOLD 49

NOTE 9 - SENIOR SECURED GOLD STREAM CREDIT AGREEMENT (Details) - USD ($)	12 Months Ended
	Jun. 30, 2016	Feb. 26, 2016	Jun. 30, 2015	Dec. 23, 2011
Notes payable, current portion	$ 2,363,885		$ 10,119,569
DIP Credit Agreement
Notes payable, current portion	0
Loans Payable, Noncurrent	2,037,595
Loans Payable, Current	200,000
Proceeds from Loans	2,237,595
Structuring fee	$ 32,203
Credit Agreement
Notes payable, current portion		$ 7,755,685	$ 7,755,685
Waterton
Line of Credit Facility, Current Borrowing Capacity				$ 10,000,000
Notes payable, current portion		$ 7,755,685

NOTE 10 - NOTES PAYABLE_ Schedu

NOTE 10 - NOTES PAYABLE: Schedule Of Debt (Details) - USD ($)	Jul. 15, 2014	Jun. 01, 2012	Jun. 30, 2015	Jun. 30, 2016	Feb. 26, 2016	Jun. 30, 2014
Debt Instrument, Face Amount			$ 3,702,263	$ 3,554,249
Notes payable, current portion			10,119,569	2,363,885
Notes and Loans Payable, Current			(10,119,569)	(2,363,885)
Aggregate maturities of notes payable			10,119,569	2,363,885
Canarc
Debt Instrument, Face Amount	$ 200,000		200,000	200,000
Proceeds from Other Short-term Debt	$ 20,000		20,000	20,000
Debt Instrument, Interest Rate, Stated Percentage	1.00%
Tyhee
Debt Instrument, Face Amount			1,745,092	$ 1,745,092		$ 1,745,092
Debt Instrument, Interest Rate, Stated Percentage				2.00%		24.00%
Debt Instrument, Maturity Date				Aug. 17, 2014
Credit Agreement
Debt Instrument, Interest Rate, Stated Percentage					9.00%
Notes payable, current portion			7,755,685		$ 7,755,685
Debt Instrument, Payment Terms				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
DIP Credit Agreement
Notes payable, current portion				$ 0
Waterton
Notes payable, current portion					$ 7,755,685
Equipment
Debt Instrument, Interest Rate, Stated Percentage		5.75%		5.75%
Debt Instrument, Term		48 months		48 months
Notes payable, current portion			$ 398,793	$ 398,793

NOTE 10 - NOTES PAYABLE (Detail

NOTE 10 - NOTES PAYABLE (Details) - USD ($)	Jul. 15, 2014	Jun. 01, 2012	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2016	Aug. 05, 2016	Feb. 26, 2016	Oct. 22, 2014
Debt Instrument, Face Amount			$ 3,702,263		$ 3,554,249
Liabilities subject to compromise			0		0
Notes payable, current portion			10,119,569		2,363,885
Merger costs, net			269,986		269,986
Canarc
Debt Instrument, Face Amount	$ 200,000		200,000		200,000
Proceeds from Other Short-term Debt	$ 20,000		20,000		20,000
Debt Instrument, Interest Rate, Stated Percentage	1.00%
Accrued interest			23,334		47,402
Tyhee
Debt Instrument, Face Amount			1,745,092	$ 1,745,092	$ 1,745,092
Debt Instrument, Interest Rate, Stated Percentage				24.00%	2.00%
Merger costs, net				$ 269,986
Break fee				$ 300,000
Accrued interest			570,687		$ 990,657
Waterton
Notes payable, current portion							$ 7,755,685
Credit Agreement
Debt Instrument, Interest Rate, Stated Percentage							9.00%
Notes payable, current portion			7,755,685				$ 7,755,685
Subsequent Event | Note holder 1
Debt Instrument, Face Amount						$ 150,000
Subsequent Event | Investor 2
Debt Instrument, Face Amount								$ 250,000
Subsequent Event | An investor
Debt Instrument, Face Amount								$ 500,000
Equipment
Debt Instrument, Interest Rate, Stated Percentage		5.75%			5.75%
Liabilities subject to compromise		$ 593,657
Debt Instrument, Term		48 months			48 months
Notes payable, current portion			$ 398,793		$ 398,793

NOTE 11 - FAIR VALUE MEASUREM52

NOTE 11 - FAIR VALUE MEASUREMENTS (Details) - USD ($)	Jun. 30, 2016	Jun. 30, 2015
Derivative instruments	$ 306,488	$ 1,367,142
Level 1 [Member]
Derivative instruments	0	0
Level 2 [Member]
Derivative instruments	0	0
Level 3 [Member]
Derivative instruments	$ 306,488	$ 1,367,142

NOTE 12 - CONTINGENCIES AND C53

NOTE 12 - CONTINGENCIES AND COMMITMENTS (Details) - USD ($)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Operating Leases, Rent Expense	$ 6,000	$ 23,518
Office Lease
Debt Instrument, Periodic Payment	$ 500

NOTE 13 - STOCKHOLDERS' EQUITY_

NOTE 13 - STOCKHOLDERS' EQUITY: Schedule Of Stock Options (Details) - $ / shares	Jan. 02, 2015	Dec. 31, 2014	Oct. 17, 2014	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Stock Options Outstanding				8,375,000	12,510,000	8,925,000
Stock Options Outstanding, weighted average exercise price				$ 0.02	$ 0.07	$ 0.24
Stock Warrants, outstanding, beginning balance				20,896,054	25,283,511
Stock Warrant, outstanding, weighted average exercise price, beginning balance				$ 0.37	$ 0.62
Stock Options granted	100,000	3,500,000	2,500,000		1,000,000
Stock options weighted average price granted				$ 0	$ 0.05
Stock Warrants, granted				7,500,000	(15,115,000)
Stock Warrants granted, weighted average price granted				$ 0.001	$ 0.14
Options cancelled weighted average price				$ 0.09	$ 0.11
Warrants, canceled				(10,452,620)	(12,082,457)
Warrants canceled, weighted average price				$ 0.38	$ 0.75
Options expired				0	0
Warrants expired weighted average price				$ 0	$ 0
Warrants, expired				(25,000)	0
Warrants expired, weighted average price				$ 0.36	$ 0
Options exercised				0	0
Options exercised weighted average price				$ 0	$ 0
Warrants, exercised				(7,500,500)	0
Warrants, exercised, weighted average price				$ 0.001	$ 0
Warrants, outstanding, ending balance				10,443,434	20,896,054
Warrant, outstanding, weighted average exercise price, ending balance				$ 0.35	$ 0.37
Warrant
Stock Options Outstanding				10,443,434
Stock Options Outstanding, weighted average exercise price				$ 0.35
Exercisable				10,443,434
Outstanding, weighted average contractual remaining life (in Years)				1 year 7 months 24 days
Exercisable, weighted average contractual remaining life (in Years)				1 year 7 months 24 days
Exercisable, weighted average exercise price				$ 0.35
$0.15 | Warrant
Stock Options Outstanding				4,320,000
Stock Options Outstanding, weighted average exercise price				$ 0.15
Exercisable				4,320,000
Outstanding, weighted average contractual remaining life (in Years)				2 years 7 months 17 days
$0.38 | Warrant
Stock Options Outstanding				523,434
Stock Options Outstanding, weighted average exercise price				$ 0.38
Exercisable				523,434
Outstanding, weighted average contractual remaining life (in Years)				1 year 2 months 16 days
$0.40 | Warrant
Stock Options Outstanding				4,500,000
Stock Options Outstanding, weighted average exercise price				$ 0.40
Exercisable				4,500,000
Outstanding, weighted average contractual remaining life (in Years)				1 year 29 days
$0.87 | Warrant
Stock Options Outstanding				500,000
Stock Options Outstanding, weighted average exercise price				$ 0.87
Exercisable				500,000
Outstanding, weighted average contractual remaining life (in Years)				1 month 2 days
$1.00 | Warrant
Stock Options Outstanding				600,000
Stock Options Outstanding, weighted average exercise price				$ 1
Exercisable				600,000
Outstanding, weighted average contractual remaining life (in Years)				4 months 9 days
Employee Stock Option
Stock Options Outstanding				8,375,000
Stock Options Outstanding, weighted average exercise price				$ 0.02
Exercisable				8,375,000
Outstanding, weighted average contractual remaining life (in Years)				2 years 3 months 15 days
Exercisable, weighted average contractual remaining life (in Years)				2 years 3 months 15 days
Exercisable, weighted average exercise price				$ 0.02
Employee Stock Option | $0.001
Stock Options Outstanding				7,500,000
Stock Options Outstanding, weighted average exercise price				$ 0.001
Exercisable				7,500,000
Employee Stock Option | $0.001
Outstanding, weighted average contractual remaining life (in Years)				2 years 3 months 19 days
Employee Stock Option | $0.07
Stock Options Outstanding				200,000
Stock Options Outstanding, weighted average exercise price				$ 0.07
Exercisable				200,000
Outstanding, weighted average contractual remaining life (in Years)				3 years 6 months 3 days
Employee Stock Option | $0.08
Stock Options Outstanding				200,000
Stock Options Outstanding, weighted average exercise price				$ 0.08
Exercisable				200,000
Outstanding, weighted average contractual remaining life (in Years)				2 years 6 months 3 days
Employee Stock Option | $0.14
Stock Options Outstanding				200,000
Stock Options Outstanding, weighted average exercise price				$ 0.14
Exercisable				200,000
Outstanding, weighted average contractual remaining life (in Years)				2 years 1 month 6 days
Employee Stock Option | $0.32
Stock Options Outstanding				100,000
Stock Options Outstanding, weighted average exercise price				$ 0.32
Exercisable				100,000
Outstanding, weighted average contractual remaining life (in Years)				1 year 1 month 20 days
Employee Stock Option | $0.36
Stock Options Outstanding				175,000
Stock Options Outstanding, weighted average exercise price				$ 0.36
Exercisable				175,000
Outstanding, weighted average contractual remaining life (in Years)				1 year 3 months 11 days

NOTE 13 - STOCKHOLDERS' (DEFICI

NOTE 13 - STOCKHOLDERS' (DEFICIT) (Details) - USD ($)	May 13, 2015	Apr. 07, 2015	Feb. 06, 2015	Jan. 02, 2015	Dec. 31, 2014	Nov. 25, 2014	Oct. 17, 2014	Jun. 15, 2017	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Sale of restricted common stock								105,285,179	7,500,000	7,375,000
Proceeds from sale of restricted common stock									$ 7,500	$ 602,500
Restricted common stock issued for consulting services, Shares									3,739,187
Restricted common stock issued for consulting services ,Value									$ 69,139
Issue of restricted common stock for debt,shares									14,217,561
Issue of restricted common stock for debt									$ 14,217
Gain on extinguishment of debt									$ 821,050	$ 62,940
Issued of restricted common stock in partial conversion, shares									18,007,333	1,800,000
Issued of restricted common stock in partial conversion									$ 60,192	$ 68,900
Issued of restricted common stock in partial conversion, shares									28,438,933
Issued of restricted common stock in partial conversion									$ 86,656
Exercise of warrants, Value									$ 7,500
Exercise of warrants for cash (Shares)									7,500,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures				100,000	3,500,000		2,500,000			1,000,000
Exercise price				$ 0.07	$ 0.05		$ 0.05
Fair value of options				$ 11,740	$ 130,099		$ 281,388
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Method Used				Black-Scholes option pricing model	Black-Scholes option pricing model		Black-Scholes option pricing model
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate				0.86%	0.671%		0.391%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term				2 years 6 months	2 years		2 years
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate				176.55%	188.108%		170.017%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate				0.00%	0.00%		0.00%
Stock-based compensation				$ 11,740	$ 130,099		$ 281,388		$ 14,217	$ 456,393
Closing price on date of grant					$ 0.0459		$ 0.0488
Aggregate intrinsic value of options and warrants vested and expected to vest									0
Aggregate intrinsic value of currently exercisable stock options and warrants									$ 97,500
Intrinsic value of closing stock price of common stock									$ 0.014
Number of options and warrants vested and exercisable									7,500,000
Intrinsic value options exercised									$ 0
Fair value of options and warrants granted									0
Grant-date fair value of option and warrant shares vested									$ 0
Shares available for grant									4,550,000
Options outstanding									8,375,000	12,510,000	8,925,000
Five Creditors [Member]
Issue of restricted common stock for accrued compensation, shares										4,000,000
Issue of restricted common stock for accrued compensation										$ 200,000
Two related party creditors [Member]
Issue of restricted common stock for accrued compensation, shares										800,000
Issue of restricted common stock for accrued compensation										$ 40,000
Gain on extinguishment of debt										$ (1,360)
Creditors One [Member]
Issue of restricted common stock for services,shares										400,000
Issue of restricted common stock for services										$ 20,000
Gain on extinguishment of debt										$ (680)
Creditor [Member]
Issue of restricted common stock for debt,shares										792,240
Issue of restricted common stock for debt										$ 106,978
Gain on extinguishment of debt										$ 64,980
Private Placement [Member]
Issue of common Stock	80,000	1,000,000	3,000,000			3,375,000
Warrants expire	May 13, 2019	Apr. 7, 2019	Feb. 6, 2019			Dec. 30, 2015
Stock price per share	$ 0.15	$ 0.15	$ 0.12			$ 0.06
Fair market value of warrants	$ 10,352	$ 131,192	$ 334,671			$ 126,082
Share-based Goods and Nonemployee Services Transaction, Valuation Method	Black-Scholes option pricing model	Black-Scholes option pricing model	Black-Scholes option pricing model			Black-Scholes option pricing model
Share-based Goods and Nonemployee Services Transaction, Valuation Method, Risk Free Interest Rate	0.97%	1.26%	1.26%			0.14%
Share-based Goods and Nonemployee Services Transaction, Valuation Method, Expected Term	4 years	4 years	4 years			1 year 1 month 6 days
Share-based Goods and Nonemployee Services Transaction, Valuation Method, Expected Volatility Rate	179.00%	155.00%	152.00%			228.00%
Share-based Goods and Nonemployee Services Transaction, Valuation Method, Expected Dividend Rate	0.00%	0.00%	0.00%			0.00%

NOTE 14 - INCOME TAXES _ Schedu

NOTE 14 - INCOME TAXES : Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Text Block [Abstract]
Tax (expense) benefit at the federal statutory rate	$ 1,737,087	$ 2,318,833
State tax benefit	372,233	496,893
Expiration of state operating benefit	(395,871)	(432,984)
Prior year true-up	0	822,038
(Increase) in valuation allowance	(1,713,449)	(3,204,780)
Income tax expense	$ 0	$ 0

NOTE 14 - INCOME TAXES _ Sche57

NOTE 14 - INCOME TAXES : Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($)	Jun. 30, 2016	Jun. 30, 2015
Text Block [Abstract]
Federal net operating loss carry forwards	$ 34,269,743	$ 32,532,656
State net operating loss carry forwards	3,280,936	3,304,574
Valuation allowance	(37,550,679)	(35,837,230)
Net deferred tax asset	$ 0	$ 0

NOTE 14 - INCOME TAXES (Details

NOTE 14 - INCOME TAXES (Details) - USD ($)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2012
Effective Income Tax Rate, Continuing Operations		35.00%
Prior Year Tax Periods [Member]
Effective Income Tax Rate, Continuing Operations	34.00%
State Income Tax [Member]
Operating Loss Carryforwards	$ 437,000,000
Federal Income Tax [Member]
Operating Loss Carryforwards	$ 995,000,000

NOTE 15 - RELATED PARTY TRANS59

NOTE 15 - RELATED PARTY TRANSACTIONS (Details) - USD ($)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Jordaan Law Firm
Legal Fees	$ 0	$ 31,753
Accounts Payable, Related Parties, Current	191,267	421,385
Jordaan
Accrued wages	$ 78,520	$ 237,989

NOTE 16 - LEGAL PROCEEDINGS (De

NOTE 16 - LEGAL PROCEEDINGS (Details) - USD ($)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Text Block [Abstract]
Litigation	$ 140,400	$ 125,876
Royalty due for payment	$ 500,000

NOTE 17 - BANKRUPTCY AND RELA61

NOTE 17 - BANKRUPTCY AND RELATED 363 ASSET SALE : Carrying Value of the Assets Sold and Liabilities Disposed (Details) - USD ($)	1 Months Ended	12 Months Ended
	Feb. 26, 2017	Jun. 30, 2016	Jun. 30, 2015
Assets Sold
Prepaid expenses and other current assets		$ 4,475	$ 221,232
Property, plant and equipment, net		0	16,659,231
Mineral properties, net		0	$ 599,897
Liabilities Disposed
Net gain on the Asset 363 Sale		$ 670,761
363 Asset Sale
Assets Sold
Restricted cash	$ 236,628
Prepaid expenses and other current assets	39,584
Property, plant and equipment, net	4,992,154
Mine development properties, net	10,532,965
Mineral properties, net	599,897
Total	16,401,228
Liabilities Disposed
Notes payable	9,993,280
Accrued interest	5,815,622
Asset retirement obligation	245,494
Accrued property taxes	32,203
Accrued CSA fees	329,938
Total	16,416,537
Net gain on the Asset 363 Sale	$ 15,309

NOTE 18 - SUBSEQUENT EVENTS (De

NOTE 18 - SUBSEQUENT EVENTS (Details)	Oct. 13, 2017USD ($)	Sep. 08, 2017USD ($)	Apr. 10, 2017USD ($)	Feb. 02, 2017shares	Dec. 14, 2016USD ($)shares	Dec. 12, 2016shares	Dec. 09, 2016	Sep. 23, 2016shares	Aug. 05, 2016USD ($)	Aug. 05, 2016USD ($)	Aug. 01, 2016shares	Oct. 22, 2014USD ($)	Aug. 30, 2017USD ($)	Aug. 18, 2017USD ($)shares	Jan. 31, 2017USD ($)	Jan. 25, 2017shares	Jun. 30, 2016USD ($)shares	Nov. 16, 2015shares	Jan. 20, 2015USD ($)	Oct. 22, 2014USD ($)	Nov. 04, 2016USD ($)	Nov. 30, 2012USD ($)	Oct. 17, 2017USD ($)	Jun. 01, 2017USD ($)shares	Jun. 30, 2016USD ($)shares	Jun. 30, 2015USD ($)shares	Sep. 14, 2017	Jun. 24, 2015USD ($)	Jun. 09, 2015USD ($)	Feb. 25, 2015USD ($)	Jul. 15, 2014USD ($)	Jun. 30, 2014USD ($)	Oct. 30, 2007USD ($)
Stock issued for accounts payable and accrued wages																									$ 69,139	$ 62,040
Options exercised | shares																									0	0
Stock Issued During Period, Value, New Issues																									$ 7,500	$ 602,500
Debt Instrument, Face Amount																	$ 3,554,249								3,554,249	3,702,263
Proceeds from notes payable																									0	200,000
Long-term Debt, Gross																	3,392,435								3,392,435	3,443,918
Extinguishment of Debt, Amount																									$ 90,000
Santa Fe Acquisitions, LLC
Entity Incorporation, Date of Incorporation																									Jul. 19, 2016
Tyhee
Debt Instrument, Face Amount																	1,745,092								$ 1,745,092	1,745,092						$ 1,745,092
Canarc
Debt Instrument, Face Amount																	$ 200,000								200,000	$ 200,000					$ 200,000
Subsequent Event
Placement fee rate														10.00%
Payments for Other Fees																							$ 262,328
Stock Issued During Period, Value, New Issues																							$ 2,623,281
Stock Issued During Period, Shares, New Issues | shares														32,787,500
Stock Issued During Period, Shares, Other | shares											2,120,000
No of creditors										19
BLM filing fees																					$ 9,328
BLM royalty																					5.00%
No of claims																					24
Subsequent Event | Bullards Peak
Payments to Acquire Businesses and Interest in Affiliates	$ 500,000	$ 500,000	$ 500,000										$ 900,000	$ 100,000
Payments to Acquire Businesses, Gross			$ 3,000,000
Equity Method Investment, Ownership Percentage																											100.00%
Subsequent Event | An investor
Stock returned | shares				18,000,000
Debt Instrument, Face Amount												$ 500,000								$ 500,000
Subsequent Event | Investor 2
Debt Instrument, Face Amount												250,000								250,000
Proceeds from notes payable												275,000
Long-term Debt, Gross												200,932								200,932
Repayments of Convertible Debt															$ 183,000
Subsequent Event | Contractors
Stock Issued During Period, Shares, Issued for Services | shares					200,000			3,300,000								200,000
Subsequent Event | Trust Forgiveness Revenues
Repayments of Debt					$ 354,458
Subsequent Event | Consultant
Stock Issued During Period, Shares, Issued for Services | shares																	2,739,187
Stock issued for accounts payable and accrued wages																	$ 2,739
Subsequent Event | International Monetary
Warrant terms							IM is to receive 6 installment payments of $6,000 and 2% of the Company’s common stock on a fully diluted basis amounting to 5,665,360 shares issued at the time of signing the contract. In addition, IM is entitled to additional common shares amounting to 2% of the Company’s common stock on a fully diluted basis six months from the date of the agreement.
Subsequent Event | 3 note holders
Long-term Debt, Gross									$ 625,875	$ 625,875
Repayments of Convertible Debt									13,500
Subsequent Event | Olson estate
Stock returned | shares																		6,956,750
Subsequent Event | Note holder 1
Debt Instrument, Face Amount									150,000	150,000
Warrant | Subsequent Event
Options exercised | shares																								40,844,368
Stock Issued During Period, Value, Stock Options Exercised																								$ 2,708,483
Placement fee rate																								10.00%
Payments for Other Fees																								$ 272,348
Officer | Subsequent Event
Stock Issued During Period, Shares, Issued for Services | shares																	14,217,561
Stock issued for accounts payable and accrued wages																	$ 14,217
Officer | Subsequent Event | Consultant
Stock returned | shares						15,956,748
Warrants | Subsequent Event
Warrant terms																								The warrants had a term of 5 years and an exercise price ranging from $0.001 to $0.10.
IGS note | Subsequent Event
Long-term Debt, Gross									3,580,432	3,580,432
Repayments of Convertible Debt										88,282
Notes in compromise | Subsequent Event
Long-term Debt, Gross									4,564,085	4,564,085
Repayments of Debt									112,516
Debt Instrument, Decrease, Forgiveness									4,451,569
Notes in compromise | Subsequent Event | 3 note holders
Long-term Debt, Gross									$ 357,778	357,778
Extinguishment of Debt, Amount										$ 10,734
Convertible unsecured note 4
Debt Instrument, Face Amount																			$ 250,000
Proceeds from notes payable																			$ 50,000
Convertible unsecured note 1
Debt Instrument, Face Amount												$ 500,000								500,000
Proceeds from notes payable																				$ 75,000
Convertible secured note 1
Proceeds from notes payable																						$ 3,985,000
Long-term Debt, Gross																	2,994,112								2,994,112
Extinguishment of Debt, Amount																									88,283
Convertible unsecured note 5
Debt Instrument, Face Amount																													$ 50,000
Long-term Debt, Gross																	107,599								107,599
Extinguishment of Debt, Amount																									93,000
Convertible unsecured note 3
Debt Instrument, Face Amount																												$ 50,000
Long-term Debt, Gross																	93,333								93,333
Senior Subordinated convertible note 1
Debt Instrument, Face Amount																																	$ 450,000
Long-term Debt, Gross																	$ 450,000								$ 450,000
Convertible unsecured note 2
Debt Instrument, Face Amount																														$ 50,000