Balance Sheets (USD $)	Mar. 31, 2014	Jun. 30, 2013
CURRENT ASSETS:
Cash	$ 3,942,491	$ 13,027,932
Prepaid Expense, Current	94,765	102,532
Total current assets	4,037,256	13,130,464
PROPERTY AND EQUIPMENT:
Mineral properties	1,208,886	1,208,886
Accumulated depreciation, depletion and amortization	0	0
Total property and equipment, net	1,208,886	1,208,886
OTHER ASSETS:
Other	225,000	225,000
TOTAL ASSETS	5,471,142	14,564,350
CURRENT LIABILITIES:
Accounts payable	97,638	1,656,074
Accrued liabilities	45,183	94,287
Total current liabilities	142,821	1,750,361
SHAREHOLDERS' EQUITY:
Common Stock, $0.01 par value, 30,000,000 shares authorized; 3,805,539 shares issued and outstanding at March 31, 2014; 3,750,394 shares issued and outstanding at June 30, 2013	38,055	37,504
Additional paid-in capital	32,011,426	31,025,660
Accumulated deficit during exploration stage	(26,721,160)	(18,249,175)
SHAREHOLDERS’ EQUITY	5,328,321	12,813,989
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 5,471,142	$ 14,564,350