Note 4 - Investment in the Joint Venture Company (Tables)
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6 Months Ended |
Dec. 31, 2019 |
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| Notes Tables |
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| Roll-forward of Equity Method Investment [Table Text Block] |
| | | | | | | | | | | Investment balance at June 30, 2014 | | $ | — | | | Investment in Peak Gold, LLC, at inception January 8, 2015 | | | 1,433,886 | | | Loss from equity investment in Peak Gold, LLC | | | (1,433,886 | ) | | Investment balance at June 30, 2015 | | $ | — | | | Investment in Peak Gold, LLC | | | — | | | Loss from equity investment in Peak Gold, LLC | | | — | | | Investment balance at June 30, 2016 | | $ | — | | | Investment in Peak Gold, LLC | | | — | | | Loss from equity investment in Peak Gold, LLC | | | — | | | Investment balance at June 30, 2017 | | $ | — | | | Investment in Peak Gold, LLC | | | 2,580,000 | | | Loss from equity investment in Peak Gold, LLC | | | (2,580,000 | ) | | Investment balance as June 30, 2018 | | $ | — | | | Investment in Peak Gold, LLC | | | 4,140,000 | | | Loss from equity investment in Peak Gold, LLC | | | (4,140,000 | ) | | Investment balance at June 30, 2019 | | $ | — | | | Investment in Peak Gold, LLC | | | 2,700,000 | | | Loss from equity investment in Peak Gold, LLC | | | (2,700,000 | ) | | Investment balance at December 31, 2019 | | $ | — | | |
| The Joint Venture Company [Member] |
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| Notes Tables |
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| Summarized Balance Sheet of Equity Method Investment [Table Text Block] |
| | | | | | | | | ASSETS | | | | | | | | | Cash and cash equivalents | | $ | | | | $ | 473,056 | | | | | | 1,433,886 | | | | 1,433,886 | | | Other assets | | | 130,148 | | | | 57,538 | | | TOTAL ASSETS | | $ | 1,703,170 | | | $ | 1,964,480 | | | | | | | | | | | | | LIABILITIES AND MEMBERS’ EQUITY | | | | | | | | | Accounts payable and other liabilities | | $ | 512,860 | | | $ | 927,424 | | | TOTAL LIABILITIES | | | 512,860 | | | | 927,424 | | | MEMBERS’ EQUITY/(DEFICIT) | | | 1,190,310 | | | | 1,037,056 | | | TOTAL LIABILITIES AND MEMBERS’ EQUITY | | $ | 1,703,170 | | | $ | 1,964,480 | | |
| Summarized Income Statement of Equity Method Investment [Table Text Block] |
| | | | | Six Months Ended | | | | | | | | | Period from Inception January 8, 2015 to | | | | | | | December 31, 2019 | | | | | | December 31, 2018 | | | | | | EXPENSES: | | | | | | | | | | | | | | | | | | | | | Exploration expense | | $ | 1,121,694 | | $ | 3,305,979 | | | $ | 675,796 | | | $ | 4,230,592 | | | $ | 37,487,050 | | | General and administrative | | | 467,578 | | | 1,040,770 | | | | 208,871 | | | | 1,239,406 | | | | 8,470,416 | | | Total expenses | | | 1,589,272 | | | 4,346,749 | | | | 884,667 | | | | 5,469,998 | | | | 45,957,466 | | | NET LOSS | | $ | 1,589,272 | | $ | 4,346,749 | | | $ | 884,667 | | | $ | 5,469,998 | | | $ | 45,957,466 | | |