Investment in Peak Gold, LLC (Tables)

12 Months Ended

Jun. 30, 2015

Schedule of Equity Method Investments [Line Items]

Roll-forward of Equity Method Investment [Table Text Block]

The following table is a roll-forward of our investment in the Joint Venture Company from January 8, 2015 (inception) to June 30, 2015:

	Inception to
	June 30, 2015
Investment in Peak Gold, LLC at formation	$	1,433,886
Loss from equity investment in Peak Gold, LLC	(1,433,886		)
Investment balance	$	—

Summarized Balance Sheet of Equity Method Investment [Table Text Block]

The following table presents the condensed balance sheet for Peak Gold, LLC as of June 30, 2015:

	June 30, 2015
ASSETS
Cash and cash equivalents	$	4,757,194
Mineral properties	1,433,886
TOTAL ASSETS	$	6,191,080
LIABILITIES AND MEMBERS' EQUITY
Accounts payable and other liabilities	$	2,060,476
TOTAL LIABILITIES	$	2,060,476
MEMBERS' EQUITY	4,130,604
TOTAL LIABILITIES AND MEMBERS' EQUITY	$	6,191,080

Summarized Income Statement of Equity Method Investment [Table Text Block]

The following table presents the condensed results of operations for Peak Gold, LLC from inception to the period ended June 30, 2015:

	Period Ended
	June 30, 2015
EXPENSES:
Exploration expense	$	1,818,318
General and administrative	484,964
Total expenses	2,303,282
NET LOSS	$	2,303,282