10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

[√]	QUARTERLY REPORT UNDER TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED DECEMBER 31, 2014
	OR
[   ]	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission File Number:   000-55045

IDAHO NORTH RESOURCES CORP.

(Exact name of registrant as specified in its charter)

IDAHO	30-0406120
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

1220 Big Creek Road

Kellogg, ID   83837

(Address of principal executive offices, including zip code.)

(509) 928-7604

(Registrant's telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the last 90 days.     YES [√]     NO [   ]

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).      YES [√]     NO [   ]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated filer," "accelerated filer," "non-accelerated filer," and "smaller reporting company" in Rule 12b-2 of the Exchange Act. (Check one):

Large Accelerated Filer	[   ]	Accelerated Filer	[   ]
Non-accelerated Filer (Do not check if smaller reporting company)	[   ]	Smaller Reporting Company	[√]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).     YES [   ]     NO [√]

APPLICABLE ONLY TO CORPORATE ISSUERS:

Indicate the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date:

13,440,683 shares of common stock as of February 10, 2015.

TABLE OF CONTENTS

			Page
	PART I.
Item 1.	Financial Statements.		2
	Financial Statements:
		Balance Sheets	2
		Statements of Operations	3
		Statements of Cash Flows	4
		Notes to the Financial Statements	5
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations.		10
Item 3.	Quantitative and Qualitative Disclosures About Market Risk.		14
Item 4.	Controls and Procedures.		14
	PART II.
Item 1.	Legal Proceedings.		15
Item 1A.	Risk Factors.		15
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds.		15
Item 3.	Defaults Upon Senior Securities.		15
Item 4.	Mine Safety Disclosures.		15
Item 5.	Other Information.		15
Item 6.	Exhibits.		15
Signatures			17
Exhibit Index			18

1

PART I – FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS.

IDAHO NORTH RESOURCES CORPORATION

BALANCE SHEETS

	December 31, 2014 (Unaudited)			June 30, 2014
ASSETS
Current Assets
Cash	$	71,419		$	310,749
Accounts receivable		48,621			49,815
Current portion of reclamation bond		15,000			-
Prepaid expenses		13,505			43,006
Total Current Assets		148,545			403,570
Reclamation bond		8,721			-
Mineral interests		191,500			123,000
TOTAL ASSETS	$	348,766		$	526,570
LIABILITIES & STOCKHOLDERS' EQUITY
Current Liabilities
Accounts payable	$	37,175		$	1,875
Deposits		-			43,560
Total Current Liabilities		37,175			45,435
Common stock payable (note 6)		28,250			-
Total Liabilities		65,425			45,435
Commitments (note 7)		-			-
Stockholders' Equity
Preferred stock, $0.05 par value, 10,000,000 shares authorized, none outstanding as of September 30, 2014 and June 30, 2014, Respectively		-			-
Common stock, $0.01 par value, 100,000,000 common shares authorized, 13,255,683 and 12,944,333 shares outstanding as of December 31, 2014 and June 30, 2014, respectively		132,557			129,443
Additional paid-in capital		848,178			813,592
Accumulated deficit		(697,394	)		(461,900	)
Total Stockholders' Equity		283,341			481,135
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY	$	348,766		$	526,570

The accompanying notes are an integral part of these financial statements.

2

IDAHO NORTH RESOURCES CORPORATION

STATEMENTS OF OPERATIONS (UNAUDITED)

	Three Months Ended						Six Months Ended
	December 31, 2014			December 31, 2013			December 31, 2014			December 31, 2013
REVENUE:
Exploration services income	$	48,621		$	-		$	127,111		$	-
Operating Expenses
Exploration services expense		14,201			-			85,556			-
Other exploration expenditures		148,533			1,690			174,742			24,463
General and administrative expenses		57,388			45,784			102,307			80,614
Total Operating Expenses		220,122			47,474			362,605			105,077
Loss from Operations		(171,501	)		(47,474	)		(235,494	)		(105,077	)
Net Loss	$	(171,501	)	$	(47,474	)	$	(235,494	)	$	(105,077	)
Net Loss per Common Share
Basic and diluted	$	(0.01	)	$	(0.01	)	$	(0.02	)	$	(0.01	)
Weighted average number of common shares outstanding
Basic and diluted		13,251,488			8,084,913			13,203,889			7,907,196

The accompanying notes are an integral part of these financial statements.

3

IDAHO NORTH RESOURCES CORPORATION

STATEMENTS OF CASH FLOWS (UNAUDITED)

	For the six months ended
	December 31, 2014			December 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss for the period	$	(235,494	)	$	(105,077	)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Shares issued as compensation		1,700			20,000
Changes in operating assets and liabilities:
Accounts receivable		1,194			-
Prepaid expenses and other current assets		14,501			(1,945	)
Reclamation bond		(8,721	)		-
Accounts payable, executive compensation and deposits		(10,010	)		7,930
Cash used in operating activities		(236,830	)		(79,092	)
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of mineral interests		(2,500	)		(5,000	)
Cash used in investing activities		(2,500	)		(5,000	)
CASH FLOWS FROM FINANCING ACTIVITIES
Cash received on common stock		-			10,000
Share issuance cost		-			(1,035	)
Cash provided by financing activities		-			8,965
Decrease in cash		(239,330	)		(75,127	)
Cash, beginning of period		310,749			83,229
Cash, end of period	$	71,419		$	8,102
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Mineral interests acquired with accounts payable	$	30,000		$	-
Executive compensation paid with common stock payable		28,250			-
Common stock issued for mineral interests		36,000			30,000

The accompanying notes are an integral part of these financial statements.

4

IDAHO NORTH RESOURCES CORPORATION

Notes to Financial Statements

As of December 31, 2014

1.     NATURE AND CONTINUANCE OF OPERATIONS

Idaho North Resources Corporation ("the Company") was incorporated under the laws of Idaho in 2007.  The Company is engaged primarily in acquiring and exploring prospective precious metals mining properties in the western United States.

2.     BASIS OF PRESENTATION

These interim financial statements have been prepared in accordance with generally accepted accounting principles in the United States ("US GAAP") and should be read in conjunction with the annual financial statements for the fiscal year ended June 30, 2014. The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America requires the use of estimates and assumptions that affect the reported amounts of assets and liabilities at the dates of the financial statements, and the reported amounts of revenues and expenses during the reporting period.  In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein.  Actual results could differ from these estimates and assumptions and could have a material effect on the Company's reported financial position and results of operations.

Notes to the financial statements which would substantially duplicate the disclosure contained in the audited financial statements for the most recent fiscal year 2014 as reported in Form 10-K, have been omitted.  Results of operations for the six months ended December 31, 2014 are not necessarily indicative of the results expected for the fiscal year ending June 30, 2015.

3.     GOING CONCERN

As shown in the accompanying interim financial statements, the Company had a net loss of $171,501 and $235,494 for the three and six months ended December 31, 2014, respectively.  There is substantial doubt about the Company's ability to continue as a going concern.

The Company intends to raise additional capital either through debt or equity financing. The interim financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

Revenue Recognition - Revenue received from exploration contracts is recognized when the contract has been established, the services are rendered and collection of payment is deemed probable.

4.     EARNINGS PER SHARE

For the three and six month periods ended December 31, 2014 and 2013, the effect of the Company's potential issue of 3,756,667 and 1,462,500 shares, respectively, from the exercise of outstanding warrants would have been anti-dilutive (see note 5).  Accordingly, basic net loss per share is the same as diluted at December 31, 2014 and 2013.

5.     CENTRAL NEVADA EXPLORATION PROGRAM and EARN-IN AGREEMENT

In the first calendar quarter of 2014, the Company completed a private placement and signed a letter of intent to enter into an exploration program agreement with Coeur Mining Inc. ("Coeur").  Coeur purchased 1,333,333 units at $0.15 per unit, for a total of $200,000.  Each unit consists of one common share and one warrant.  Two warrants plus $0.30 allow Coeur to purchase one common share.  The warrants expire in March 2017.  At December 31, 2014, Coeur owned 10.06% of the Company's shares.

5

IDAHO NORTH RESOURCES CORPORATION

Notes to Financial Statements

As of December 31, 2014

On October 2, 2014, the Company signed the definitive Exploration Program Agreement (the "Agreement") with Coeur.  The Agreement calls for Coeur to fund a Central Nevada Exploration Program within a specified Area of Interest for a three-year period.  During the Agreement period, Coeur will have the right to select target properties identified and acquired or appropriated by the Company, and earn up to 80% interest in the target properties by meeting certain minimum investment and other requirements. Prior to selection of any target properties, Coeur will pay certain consulting and field-related costs associated with the Program, along with a 10% administrative fee to the Company.  For the six months ended December 31, 2014, the Company recognized exploration service income of $127,111 for exploration costs and administrative fees.   

On October 21, 2014, the Company signed an Earn-In Option Agreement (the "Earn-In") with Coeur for the Klondyke area, Nevada.  Pursuant to the terms of the Earn-In, Coeur may exercise its option to acquire an initial 60% interest in the target properties by spending a minimum of $2 million in exploration and development expenses on the target properties over a 3-year period and completing a NI 43-101 compliant Technical Report. Upon completion of the earn-in requirements, the parties will form a limited liability company for purposes of further exploration, development, and mining of the target properties, with Coeur having a 60% membership interest and the Company having a 40% membership interest. During the Earn-In period, Coeur has the option to acquire the Company's entire interest in the target properties, subject to terms of the Earn-In. As operator, the Company will conduct the exploration, development, and related work at the target properties under budgets approved by Coeur.

6.     COMMON STOCK AND WARRANTS

a) Common Stock:

In July 2013, the Company issued 100,000 common shares pursuant to a mining lease agreement at a fair value, based on the most recent sale of common shares, of $0.10 per share. The Company accounted for $10,000 as mineral interests.

In October 2013, the Company issued 200,000 common shares for services at a fair value, based on the most recent sale of common shares, of $0.10 per share.

In October 2013, the Company issued 200,000 common shares pursuant to a mining lease agreement at a fair value, based on the most recent sale of common shares, of $0.10 per share.  The Company accounted for $20,000 as mineral interests.

In March 2014, the Company issued 300,000 common shares for services at a fair value, based on the quoted market price of common shares, of $0.17 per share.

In March 2014, the Company sold 1,333,333 common shares and warrants at $0.15 per unit for proceeds of $200,000 (see note 5).

During the twelve months ended June 30, 2014, the Company sold 3,100,000 common shares and warrants at $0.10 per unit for gross proceeds of $310,000 ($261,060 net of $48,940 in offering costs).  155,000 broker's warrants were issued at the same terms as the private placement.

In June 2014, the Company issued 50,000 common shares for services at a fair value, based on the quoted market price of common shares, of $0.15 per share.

In July 2014, the Company issued 300,000 common shares pursuant to a mining lease agreement at a fair value, based on the quoted market price of common shares, of $0.12 per share.

In November 2014, the Company issued 11,350 common shares for services at a fair value, based on the quoted market price of common shares, of $0.15 per share.

In November 2014, the Company approved the award of 50,000 common shares for services at a fair value, based on

6

IDAHO NORTH RESOURCES CORPORATION

Notes to Financial Statements

As of December 31, 2014

the quoted market price of common shares, of $0.16 per share.  The expense was recorded as common stock payable, and the shares were issued in January, 2015.

In December 2014, the Company approved the award of 135,000 common shares for services at a fair value, based on the quoted market price of common shares, of $0.15 per share.  The expense was recorded as common stock payable, and the shares were issued in January, 2015.

b)    Warrants

	Warrants to Purchase Common Shares		Weighted Average Exercise Price*
Outstanding at June 30, 2013		1,462,500	$	0.25
Issued March 2014		666,667		0.30
Issued June 2014		1,627,500		0.25
Exercised		-		-
Expired		-		-
Outstanding at June 30, and December 31, 2014		3,756,667	$	0.26

The warrants that are issued and outstanding as at December 31, 2014 are as follows:

Warrants to Purchase Common Shares	Exercise Price*	Expiration Date
1,462,500	$ 0.25	March 1, 2015
666,667	0.30	March 4, 2017
1,627,500	0.25	November 1, 2016

*For the warrants outstanding as of June 30, 2013 and the warrants issued in June 2014, two warrants plus $0.25 will allow the holder to acquire one share of common stock.  For the warrants issued in March 2014, two warrants plus $0.30 will allow the holder to acquire one share of common stock.

7.     MINERAL PROPERTY COMMITMENTS - RELATED PARTY

For the following properties, the related party is a shareholder (not an officer or director) who exercises voting rights over 9.2% percent of the Company's common stock.  He is also the Company's consulting geologist and a member of the Company's Technical Advisory Committee.  The Company has satisfied its work commitments on all four properties.  Work commitments include, but are not limited to, annual claim fees, exploration, mapping, sampling, and administration costs.

Klondike North Property.  On October 24, 2011, the Company entered into an Exploration and Mining Lease and Option to Purchase Agreement for the Klondike North Property, which consists of 38 unpatented lode-mining claims located on Bureau of Land Management lands in the Klondike Mining District, Esmerelda County, Nevada.  The Company has the right to conduct all customary mineral exploration activities in return for the following commitments:

Advanced Royalty Payments

Date	Payment Amount			Common Shares
Upon execution of Agreement	$	-			500,000
First Anniversary of the Agreement		10,000			-
Second Anniversary of the Agreement		20,000	*		-
Third Anniversary of the Agreement		30,000			-
Fourth Anniversary of the Agreement		40,000			-
Fifth through the tenth Anniversary		50,000			-
Eleventh Anniversary and thereafter		100,000			-

7

IDAHO NORTH RESOURCES CORPORATION

Notes to Financial Statements

As of December 31, 2014

The Company valued the 500,000 shares issued for the above acquisition of mineral rights at $0.02, based on the most recent sale of common shares, and recorded $10,000 as mineral property in the fiscal year ended June 30, 2012.

*The Company, with agreement from the sellers, satisfied its Second Anniversary obligation with 200,000 shares of common stock issued with a fair value of $0.10 per share in the fiscal year ended June 30, 2014.

Work Commitment

Lease Year	Amount
First Lease Year	$	5,000
Second Lease Year		25,000
Third Lease Year		50,000
Fourth Lease Year		75,000
Fifth Lease Year and thereafter		100,000

Divide Property.  On February 21, 2012, the Company entered into an Exploration and Mining Lease and Option to Purchase Agreement for the Divide Property, which consists of 10 unpatented lode-mining claims located on Bureau of Land Management lands in the Divide Mining District, Esmerelda County, Nevada.  The Company has the right to conduct all customary mineral exploration activities in return for the following commitments:

Advanced Royalty Payments

Date	Payment Amount			Common Shares
Upon execution of Agreement	$	-			100,000
First Anniversary of the Agreement		10,000	*		-
Second Anniversary of the Agreement		20,000			-
Third Anniversary of the Agreement		30,000			-
Fourth Anniversary of the Agreement		40,000			-
Fifth Anniversary and thereafter		50,000			-

The Company valued the 100,000 shares issued for the above acquisition of mineral rights at $0.02, based on the most recent sale of common shares, and recorded $2,000 as mineral property in the fiscal year ended June 30, 2012.

*The Company, with agreement from the sellers, satisfied its First Anniversary obligation with a $5,000 payment in cash and 50,000 shares of common stock issued with a fair value of $0.10 per share in the fiscal year ended June 30, 2013.

Work Commitment

Lease Year	Amount
First Lease Year	$	5,000
Second Lease Year		25,000
Third Lease Year		50,000
Fourth Lease Year		75,000
Fifth Lease Year and thereafter		100,000

Eagleville Property.  On July 27, 2012, the Company entered into an Exploration and Mining Lease and Option to Purchase Agreement for the Eagleville Property, which consists of 58 unpatented lode-mining claims located on Bureau of Land Management lands in the Eagleville Mining District, Mineral County, Nevada.  The Company has the right to conduct all customary mineral exploration activities in return for the following commitments:

8

IDAHO NORTH RESOURCES CORPORATION

Notes to Financial Statements

As of December 31, 2014

Advanced Royalty Payments

Date	Payment Amount		Common Shares
Upon execution of Agreement	$	6,000		300,000
On or prior to the 1st Anniversary of the Agreement		*15,000		150,000
On or prior to the 2nd Anniversary of the Agreement		**20,000		150,000
On or prior to the 3rd Anniversary of the Agreement		30,000		-
On or prior to the 4th Anniversary of the Agreement		40,000		-
On or prior to the 5th through the 10th Anniversary		50,000		-
On or prior to the 11th Anniversary and thereafter		100,000		-

The Company valued the 300,000 shares issued for the above acquisition of mineral rights at $0.10, based on the most recent sale of common shares, and recorded $30,000 as mineral property in the fiscal year ended June 30, 2013.

*The Company, with agreement from the sellers, satisfied its First Anniversary obligation with a $5,000 payment in cash and 100,000 shares of common stock issued with a fair value of $0.10 per share in the fiscal year ended June 30, 2014.

**The Company, with agreement from the sellers, satisfied its Second Anniversary obligation with an additional 150,000 shares of common stock issued with a fair value of $0.12 per share in the fiscal year ended June 30, 2015 in lieu of the cash requirement.

Work Commitment

Lease Year	Amount
First Lease Year	$	5,000
Second Lease Year		10,000
Third Lease Year		25,000
Fourth Lease Year		50,000
Fifth Lease Year and thereafter		100,000

Green Monster-Danville Property.  On October 31, 2014, the Company entered into an Exploration and Mining Lease and Option to Purchase Agreement for the Green Monster-Danville Property, which consists of 91 unpatented lode-mining claims located on Bureau of Land Management lands in the Danville Mining District, Nye County, Nevada.  The Company has the right to conduct all customary mineral exploration activities in return for the following commitments:

Advanced Royalty Payments

Date	Payment Amount			Common Shares
Upon execution of Agreement	$	2,500	*		-
First Anniversary of the Agreement		5,000			-
Second Anniversary of the Agreement		10,000			-
Third Anniversary of the Agreement		20,000			-
Fourth Anniversary of the Agreement		30,000			-
Fifth Anniversary of the Agreement		40,000			-
Sixth Anniversary through the tenth anniversary		50,000			-
Eleventh Anniversary through the fifteenth		75,000			-
Sixteenth Anniversary and thereafter		100,000			-

*Plus reimbursement of the 2014 -15 BLM Annual Maintenance Fee of $12,245 and Nye County Notice to Intent to Hold Fee of $834, which has been paid.

Work Commitment

Lease Year	Amount
First Lease Year	$	5,000
Second Lease Year		10,000
Third Lease Year and thereafter		50,000

9

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

This section of this quarterly report includes a number of forward-looking statements that reflect our current views with respect to future events and financial performance. Forward-looking statements are often identified by words like: believe, expect, estimate, anticipate, intend, project and similar expressions, or words which, by their nature, refer to future events. You should not place undue certainty on these forward-looking statements, which apply only as of the date of this report. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or our predictions.

We are considered to be in the development stage, as defined in Statement of Financial Accounting Standards No. 7. We have been in the development stage since our inception.  We have incurred operating losses since inception and at December 31, 2014 had working capital of $111,370.

We do not have sufficient available cash in order to maintain operations during the next twelve months, and we will have to raise additional capital to continue our exploration plans and keep our mineral property leases in good standing.  We intend to obtain the capital from the exercise of our Redeemable Warrants; possible sale of additional shares of common stock; or loans.  There is no assurance that we will raise the additional funds.

Exploration expenditures consist of fees to be paid for consulting services connected with exploration, the cost of rock sampling (the collection of a series of small chips over a measured distance, which is then submitted for a chemical analysis, usually to determine the metallic content over the sampled interval, at pre-determined locations on the property), and cost of analyzing these samples. Since we recently leased the properties, we have conducted only limited exploration, other than exploratory drilling on our Eagleville Property.

We cannot be more specific about the application of proceeds for exploration, because we do not know what we will find.

We have allocated a range of money for exploration.  That is because we do not know how much will ultimately be needed for exploration.  If our initial exploration proves positive results, we will expand the exploration activities to include reverse circulation drilling.  This is a less expensive form of drilling that does not allow for the recovery of a tube or core of rock.  The material is brought up from depth as a series of small chips of rock that are then bagged and sent in for analysis.  This is a quicker and cheaper method of drilling, but does not necessarily give one as much information about the underlying rocks.  If warranted, core drilling would follow this stage.

If we discover significant quantities of mineralized material, we will begin technical and economic feasibility studies to determine if we have reserves.  Only if we have reserves will we consider developing the property.

If, through early stage exploration, we find mineralized material, and it is feasible to expand the exploration program, we will attempt to raise additional money through a subsequent private placement, public offering or through loans. If we do not raise all of the money we need, we will have to find alternative sources of funding, like a public offering, a private placement of securities, or loans.

We will be conducting research in the form of exploration of the properties.  Our exploration program is explained in as much detail as possible in the business section of this report.  We do not plan to buy or sell any plant or significant equipment during the next twelve months.  We will not buy any equipment until we have located a body of minerals and we have determined they are economical to extract from the land.

We intend to solicit interest from other companies in the properties should we discover mineralized materials, or we may elect to develop the properties ourselves.

If we are unable to complete any phase of exploration because we do not have enough money, we will cease operations until we raise more money.  If we cannot or do not raise more money, we will cease operations.  If we cease operations, we do not know what we will do and we don't have any plans to do anything.

We do not intend to hire additional employees at this time.  Any work that would be conducted on a property that we may secure will be conducted by unaffiliated independent contractors that we will hire.  The independent contractors will be responsible for surveying, geology, engineering, exploration, and excavation.  The geologists will evaluate the information derived from the exploration and excavation, and the engineers will advise us on the economic feasibility of removing the mineralized material.

10

Central Nevada Exploration Program Agreement and Earn-In Option Agreement

In the first quarter of 2014, the Company completed a private placement and signed a letter of intent to enter into an exploration agreement with Coeur Mining Inc. ("Coeur").  Coeur purchased 1,333,333 units at $0.15 per unit, for a total of $200,000.  Each unit consists of one common share and a warrant.  Two warrants plus $0.30 allow Coeur to purchase one common share.  The warrants expire in March 2017.

On October 2, 2014, the Company signed the definitive Exploration Program Agreement (the "Agreement") with Coeur. The Agreement calls for Coeur to fund a Central Nevada Exploration Program within a specified Area of Interest for a three-year period.  During the Agreement period, Coeur will have the right to select target properties identified and acquired or appropiated by IDAH, and earn up to 80% interest in the target properties by meeting certain minimum investment and other requirements. Prior to selection of any target properties, Coeur will pay certain consulting and field-related costs associated with the Program, along with a 10% administrative fee to IDAH.

On October 21, 2014, the Company signed an Earn-In Option Agreement (the "Earn-In") with Coeur for the Klondyke area, Nevada.  Pursuant to the terms of the Earn-In, Coeur may exercise its option to acquire an initial 60% interest in the target properties by spending a minimum of $2 million in exploration and development expenses on the target properties over a 3-year period and completing a NI 43-101 compliant Technical Report. Upon completion of the earn-in requirements, the parties will form a limited liability company for purposes of further exploration, development, and mining of the target properties, with Coeur having a 60% membership interest and IDAH having a 40% membership interest. During the Earn-In period, Coeur has the option to acquire IDAH's entire interest in the target properties, subject to terms of the Earn-In. As operator, IDAH will conduct the exploration, development, and related work at the target properties under budgets approved by Coeur.

Property Leases

Below are the aggregate annual payments due on the properties, as stated in the four signed lease agreements. These payments totaling $294,968 are included in our 12-month expense list and are comprised of Lease Agreements, Work Commitments and BLM & County Claim Fees.

	Advance Royalty Payment	Payment Due Date	Work Commitment	BLM & County Claim Fees
Klondike Lease	$40,000	10/24/2015	$75,000	$6,745
Divide Lease	$30,000	2/21/2015	$50,000	$1,775
Eagleville Lease	$30,000	7/27/2015	$25,000	$10,295
Green Monster-Danville Lease	$5,000	10/31/2015	$5,000	$16,153
Total	$105,000		$155,000	$34,968
Total aggregate annual payments	$294,968

Klondike lease dated October 24, 2011 (12 claims/North, 26 claims/South) -- Total 38 claims

Lease agreement -- paid $10,000 on 10/24/12 for end of first year in cash; paid $20,000 in common stock on 11/01/13 for end of second year—200,000 shares were issued to the owners at a deemed value of $0.10 per share.

Work Commitment -- $75,000

BLM Claim fees -- 38 claims @ $155.00 per claim, and $22.50 per claim County and State fees -- $6,745.00

Divide lease dated February 21, 2012 -- Total 10 claims

Lease agreement -- paid $10,000 on 2/20/13, $5,000 in cash and $5,000 in common stock for end of first year; paid $20,000 in cash for end of second year.  For the common stock, 50,000 shares were issued to the owners at a deemed value of $0.10 per share.

Work Commitment -- $50,000

BLM Claim fees -- 10 claims @ $155.00 per claim, and $22.50 per claim County and State fees -- $1,775.00

11

Eagleville lease dated July 27, 2012 -- Total 58 claims

Lease agreement -- paid $15,000 on 7/29/13, $5,000 in cash and $10,000 in common stock.  For the common stock, 100,000 shares were issued to the owners at a deemed value of $0.10 per share.  300,000 shares of common stock were issued on 7/27/14 for the second year payment.

Work Commitment -- $25,000

BLM Claim fees -- 58 claims @$155.00 per claim, and $22.50 per claim County and State fees -- $10,295.00

Green Monster-Danville lease dated October 31, 2014 – Total 91 claims

Lease agreement -- paid $2,500 on 10/31/14 upon signing of lease agreement.

Work Commitment -- $5,000

BLM Claim fees -- 91 claims @ $155.00 per claim, and $22.50 per claim County and State fees -- $16,152.50

Plan of Operation - Milestones

During the next twelve months we plan to spend funds from existing capital and additional capital raised as follows.  If we are unable to raise additional capital, we will not be able to complete these milestones and may cease operations.

	Estimated Time		Cost
Research (1)	All 12 months	$	10,000
Maintenance Fees (2)	2 months	$	34,968
Exploration (3)	All 12 months	$	10,000
Salaries (4)	All 12 months	$	40,000
Accounting (5)	All 12 months	$	20,000
Office Expenses (6)	All 12 months	$	5,000
Advance Royalty Payments and Work Commitments on Leased Properties (7)	All 12 months	$	260,000

(1)	Costs related to the examination of potential property acquisitions.
(2)	Costs of annual claim maintenance fees.
(3)	Costs related to surface sampling and geological consulting.
(4)	Salaries to be paid to officers of the corporation.
(5)	Costs for accounting, auditing and tax preparation services.
(6)	Costs of stationary, mail, telephone & other office supplies.
(7)	Costs for the next twelve months for Advance Royalty Payments and Work Commitments due on the Klondike, Divide, Eagleville and Green Monster-Danville properties.

Limited Operating History; Need for Additional Capital

We have no operations upon which to base an evaluation of our performance. We are an exploration stage corporation and have not generated any revenues from operations. We cannot guarantee that we will be successful in our business operations. Our business is subject to risks inherent in the establishment of a new business enterprise, including limited capital resources, possible delays in the exploration of our properties, and possible cost overruns due to price and cost increases in services.

We will have to retain experts to assist in developing the properties we lease and in locating additional appropriate projects.  Our interest in the properties is limited to our leasehold interest.  Our leases, however, grant us a right to purchase the underlying minerals upon completion of certain conditions.  In order to assist in deciding if we should invest in a particular project, we will first need to be provided with at least the following:

*	A description of the project and the location of the property;
*	The lands that will be subject to the exploration project;
*	The royalties, net profit interest or other charges applicable to the subject lands;
*	The estimated cost of any geophysical work contemplated; and
*	The estimated acquisition costs, exploration costs and development costs of the property.

To become profitable and competitive, we will have to conduct research and exploration of the properties we have acquired.

12

We have no assurance that future financing will be available to us on acceptable terms. If financing is not available on satisfactory terms, we may be unable to continue, develop or expand our operations. Equity financing could result in additional dilution to existing shareholders.

Results of Operations

For the three months ended December 31, 2014, we generated exploration services income of $48,621, compared to $0 for the same period in 2013.  Work performed under the Exploration Program with Coeur accounted for the increase.  Operating expenses were $220,122 for the three months ended December 31, 2014, compared to $47,474 for the same period in 2013.  Work performed under the Exploration Program with Coeur, surface drilling at the Eagleville project, and higher exploration costs accounted for the increase.

For the six months ended December 31, 2014, we generated exploration services income of $127,111, compared to $0 for the same period in 2013.  Work performed under the Exploration Program with Coeur accounted for the increase.  Operating expenses were $362,605 for the six months ended December 31, 2014, compared to $105,077 for the same period in 2013.  Work performed under the Exploration Program with Coeur, surface drilling at the Eagleville project, higher exploration costs and compensation costs to officers and directors accounted for the increase.

Material Changes in Financial Condition

At December 31, 2014, we had assets of $348,766, including cash of $71,419, compared to assets of $526,570, including cash of $310,749, at June 30, 2014.  The decrease in assets is attributable to the payment of annual claims fees, surface drilling at the Eagleville project and general and administrative expenses.

Liquidity and Capital Resources

Since our inception on January 22, 2007, we have issued 13,440,683 restricted shares of common stock.    The warrants that are issued and outstanding as at December 31, 2014 are as follows:

Warrants to Purchase Common Shares	Exercise Price	Expiration Date
1,462,500	$ 0.25	March 1, 2015
666,667	0.30	March 4, 2017
1,627,500	0.25	November 1, 2016

Included in the foregoing are 850,000 shares of common stock on October 30, 2007, 300,000 shares of common stock on December 4, 2007, and 100,000 shares on January 10, 2008. These shares were issued to our officers, directors, and founders in consideration of $6,000. The foregoing 1,250,000 shares of common stock were issued pursuant to the exemption from registration contained in Regulation S of the Securities Act of 1933, as amended.

In November 2011, we issued 1,600,000 restricted shares of common stock to 21 persons at a price of $0.02 per share for a total of $32,000.  The 21 persons were all accredited investors.

In July 2012, we completed a private placement of 2,925,000 Units.  Each Unit was comprised of one (1) restricted share of common stock and one (1) redeemable stock purchase warrant.  The exercise period of the warrants is three (3) years from March 1, 2012.  Two (2) warrants plus $0.25 are convertible into one (1) restricted share of common stock. The warrants are redeemable by us upon thirty (30) days written notice to the holder thereof.  If we issue such notice and the holder does not exercise the Redeemable Warrants during the 30 day period, the Redeemable Warrants will terminate thirty (30) days from the date of the notice.  The sale of the Units was made pursuant to the exemption from registration contained in Reg. 506 of the Securities Act of 1933, as amended.

In March 2014, we sold 1,333,333 units at $0.15 per share for proceeds of $200,000.  Each unit was comprised of one (1) restricted share of common stock and one half of one (1/2) redeemable stock purchase warrant.  The exercise period of the warrant is three (3) years from March 4, 2014.  One (1) warrant plus $0.30 is convertible into one (1) restricted share of common stock.

13

In June 2014, we completed a private placement of 3,100,000 Units. Each Unit was comprised of one (1) restricted share of common stock and one (1) redeemable stock purchase warrant. The exercise period of the warrants is three (3) years from November 1, 2013. Two (2) warrants plus $0.25 are convertible into one (1) restricted share of common stock. The warrants are redeemable by us upon thirty (30) days written notice to the holder thereof. If we issue such notice and the holder does not exercise the Redeemable Warrants during the 30 day period, the Redeemable Warrants will terminate thirty (30) days from the date of the notice. The sale of the Units was made pursuant to the exemption from registration contained in Reg. 506 of the Securities Act of 1933, as amended.

During the next twelve months, we will be required to spend $105,000 on property leases and spend a minimum of $155,000 on property exploration.  These expenses are included in the amounts listed under "Plan of Operation – Milestones."  See "Notes to Financial Statements" for lease payments required after twelve months.

As of December 31, 2014, our total assets were $348,766, and our total liabilities were $65,425.  We had cash of $71,419 at December 31, 2014.

Off-Balance Sheet Arrangements

We do not have any off-balance sheet arrangements that are reasonably likely to have a current or future effect on our financial condition, revenues, results of operations, liquidity or capital expenditures.

Critical Accounting Estimates

The preparation of consolidated financial statements requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of commitments and contingencies at the date of the consolidated financial statements and the reported amount of revenues and expenses during the period.  All of our significant accounting policies and estimates are described in note 2 of the June 30, 2014 audited financial statements.  We consider the following policies as being critical with regard to the impact estimates and changes in estimates could have on our financial condition, changes in financial condition or results of operations.

Mineral Property Costs-The Company has been in the exploration stage since its inception on January 27, 2007 and has not yet realized any revenues from its planned operations. It is primarily engaged in the acquisition and exploration of mining properties. Mineral property exploration costs are expensed as incurred. Mineral property acquisition costs are initially capitalized. The Company assesses the carrying costs for impairment under ASC 360, Property, Plant, and Equipment at each fiscal quarter end. When it has been determined that a mineral property can be economically developed as a result of establishing proven and probable reserves, the costs then incurred to develop such property are capitalized. Such costs will be amortized using the units-of-production method over the estimated life of the probable reserve. If mineral properties are subsequently abandoned or impaired, any capitalized costs will be charged to operations.

Revenue Recognition – Revenue received from exploration contracts is recognized when the contract has been established, the services are rendered and collection of payment is deemed probable.

Stock Based Compensation - The Company records stock-based compensation in accordance with ASC 718, Compensation – Stock Based Compensation, and ASC 505, Equity based payments to non-employees, using the fair value method. All transactions in which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable. Equity instruments issued to employees and the cost of the services received as consideration are measured and recognized based on the fair value of the equity instruments issued.

Under the JOBS Act, an "emerging growth company" can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. We intend to take advantage of this extended transition period. Since we will not be required to comply with new or revised accounting standards on the relevant dates on which adoption of such standards is required for other public companies, our financial statements may not be comparable to financial statements of companies that comply with public company effective dates.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

14

ITEM 4. CONTROLS AND PROCEDURES.

Under the supervision and with the participation of our management, including the Principal Executive Officer and Principal Financial Officer, we have evaluated the effectiveness of our disclosure controls and procedures as required by Exchange Act Rule 13a-15(b) as of the end of the period covered by this report. Based on that evaluation, the Principal Executive Officer and Principal Financial Officer have concluded that these disclosure controls and procedures are effective.  There was no change in our internal control over financial reporting during the quarter ended December 31, 2014 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

PART II - OTHER INFORMATION.

ITEM 1.         LEGAL PROCEEDINGS.

We are not presently a party to any litigation.

ITEM 1A. RISK FACTORS.

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

ITEM 2.         UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

During the three months December 31, 2014, we sold 11,350 restricted shares of common stock to 1 person in consideration of consulting services. We relied upon the exemptions from registration contained in Regulation 506 and Section 4(a)(2) of the Securities Act of 1933, as amended for said sales.

ITEM 3.         DEFAULTS UPON SENIOR SECURITIES.

None.

ITEM 4.         MINE SAFETY DISCLOSURES.

None.

ITEM 5.         OTHER INFORMATION.

None.

ITEM 6. EXHIBITS.

The following documents are included herein:

		Incorporated by reference			Filed
Exhibit	Document Description	Form	Date	Number	Herewith
3.1	Articles of Incorporation (12/11/2007).	S-1/A-1	1/24/13	3.1
3.2	Bylaws of Idaho North Resources Corp.	S-1/A-1	1/24/13	3.2
4.1	Specimen Stock Certificate.	S-1/A-1	1/24/13	4.1
10.1	Lease Agreement with Mountain Gold Claims LLC for Klondike 25-29 Property, Klondike 41 Property, Klondike Central Property and Klondike Southeast Property.	S-1	11/26/12	10.1
10.2	Lease Agreement with Mountain Gold Claims LLC and Black Rock Exploration LLC for Divide TH Property, Divide DN Property and Divide GS Property.	S-1	11/26/12	10.2

15

10.3	Lease Agreement with Mountain Gold Exploration, Inc. and Lane A. Griffin and Associates for the Eagleville Property.	S-1	11/26/12	10.3
10.4	Employment Agreement with Erik Panke.	S-1/A-1	1/24/13	10.4
10.5	Selling Agreement with Pennaluna & Company.	10-Q	11/12/13	10.5
10.6	Exploration Program Agreement with Coeur Explorations, Inc.	10-Q	11/14/14	10.6
10.7	Earn-In Agreement with Coeur Explorations, Inc.	10-Q	11/14/14	10.7
14.1	Code of Ethics.	10-K	9/20/13	14.1
31.1	Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.				X
31.2	Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.				X
32.1	Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.				X
32.2	Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.				X
99.1	Warrant Agreement.	S-1	11/26/12	99.1
99.2	Audit Committee Charter.	10-K	9/20/13	99.2
99.3	Disclosure Committee Charter.	10-K	9/20/13	99.3
101.INS	XBRL Instance Document.				X
101.SCH	XBRL Taxonomy Extension – Schema.				X
101.CAL	XBRL Taxonomy Extension – Calculations.				X
101.DEF	XBRL Taxonomy Extension – Definitions.				X
101.LAB	XBRL Taxonomy Extension – Labels.				X
101.PRE	XBRL Taxonomy Extension – Presentation.				X

16

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized on this 9^th day of February, 2015.

IDAHO NORTH RESOURCES CORP.
(the "Registrant")
BY:	MARK FRALICH
	Mark Fralich
	President, Principal Executive Officer and a member of the Board of Directors
BY:	ERIK PANKE
	Erik Panke
	Principal Accounting Officer, Principal Financial Officer, Secretary and Treasurer

17

EXHIBIT INDEX

		Incorporated by reference			Filed
Exhibit	Document Description	Form	Date	Number	herewith
3.1	Articles of Incorporation (12/11/2007).	S-1/A-1	1/24/13	3.1
3.2	Bylaws of Idaho North Resources Corp.	S-1/A-1	1/24/13	3.2
4.1	Specimen Stock Certificate.	S-1/A-1	1/24/13	4.1
10.1	Lease Agreement with Mountain Gold Claims LLC for Klondike 25-29 Property, Klondike 41 Property, Klondike Central Property and Klondike Southeast Property.	S-1	11/26/12	10.1
10.2	Lease Agreement with Mountain Gold Claims LLC and Black Rock Exploration LLC for Divide TH Property, Divide DN Property and Divide GS Property.	S-1	11/26/12	10.2
10.3	Lease Agreement with Mountain Gold Exploration, Inc. and Lane A. Griffin and Associates for the Eagleville Property.	S-1	11/26/12	10.3
10.4	Employment Agreement with Erik Panke.	S-1/A-1	1/24/13	10.4
10.5	Selling Agreement with Pennaluna & Company.	10-Q	11/12/13	10.5
10.6	Exploration Program Agreement with Coeur Explorations, Inc.	10-Q	11/14/14	10.6
10.7	Earn-In Agreement with Coeur Explorations, Inc.	10-Q	11/14/14	10.7
14.1	Code of Ethics.	10-K	9/20/13	14.1
31.1	Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.				X
31.2	Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.				X
32.1	Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.				X
32.2	Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.				X
99.1	Warrant Agreement.	S-1	11/26/12	99.1
99.2	Audit Committee Charter.	10-K	9/20/13	99.2
99.3	Disclosure Committee Charter.	10-K	9/20/13	99.3
101.INS	XBRL Instance Document.				X
101.SCH	XBRL Taxonomy Extension – Schema.				X
101.CAL	XBRL Taxonomy Extension – Calculations.				X
101.DEF	XBRL Taxonomy Extension – Definitions.				X
101.LAB	XBRL Taxonomy Extension – Labels.				X
101.PRE	XBRL Taxonomy Extension – Presentation.				X

18

EX-31.1

Exhibit 31.1

SARBANES-OXLEY SECTION 302(a) CERTIFICATION

I, Mark Fralich, certify that:

1.	I have reviewed this Form 10-Q for the period ended December 31, 2014 of Idaho North Resources Corp.;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
	a.	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	b.	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	c.	Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
	d.	Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5.	The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
	a.	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
	b.	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:	February 9, 2015	MARK FRALICH
		Mark Fralich
		Principal Executive Officer

EX-31.2

Exhibit 31.2

SARBANES-OXLEY SECTION 302(a) CERTIFICATION

I, Erik Panke, certify that:

1.	I have reviewed this Form 10-Q for the period ended December 31, 2014 of Idaho North Resources Corp.;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
	a.	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	b.	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	c.	Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
	d.	Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5.	The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
	a.	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
	b.	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:	February 9, 2015	ERIK PANKE
		Erik Panke
		Principal Financial Officer

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. Section 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Idaho North Resources Corp. (the "Company") on Form 10-Q for the period ended December 31, 2014, as filed with the Securities and Exchange Commission on the date hereof (the "report"), I, Mark Fralich, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)	The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2)	The information contained in this Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Dated this 9^th day of February, 2015.

MARK FRALICH

Mark Fralich

Chief Executive Officer

EX-32.2

Exhibit 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. Section 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Idaho North Resources Corp. (the "Company") on Form 10-Q for the period ended December 31, 2014, as filed with the Securities and Exchange Commission on the date hereof (the "report"), I, Erik Panke, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)	The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2)	The information contained in this Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Dated this 9^th day of February, 2015.

ERIK PANKE

Erik Panke

Chief Financial Officer

XML

7. MINERAL PROPERTY COMMITMENTS - RELATED PARTY (Details) - Divide Property - Work Commitment (USD $)	Oct. 31, 2016	Jul. 27, 2016	Feb. 21, 2016	Oct. 31, 2015	Oct. 24, 2015	Jul. 27, 2015	Feb. 21, 2015	Oct. 31, 2014	Oct. 24, 2014	Jul. 27, 2014	Feb. 21, 2014	Oct. 24, 2013	Jul. 27, 2013	Feb. 21, 2013	Oct. 24, 2012	Jul. 27, 2012	Feb. 21, 2012	Oct. 24, 2011
Divide Property - Work Commitment [Abstract]
First Lease Year								$ 5,000								$ 5,000	$ 5,000	$ 5,000
Second Lease Year				10,000									10,000	25,000	25,000
Third Lease Year										25,000	50,000	50,000
Fourth Lease Year						50,000	75,000		75,000
Fifth Lease Year and thereafter	$ 50,000	$ 100,000	$ 100,000		$ 100,000

XML

4. EARNINGS PER SHARE

6 Months Ended

Dec. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

4.     EARNINGS PER SHARE

For the three and six month periods ended December 31, 2014 and 2013, the effect of the Company's potential issue of 3,756,667 and 1,462,500 shares, respectively, from the exercise of outstanding warrants would have been anti-dilutive (see note 5).  Accordingly, basic net loss per share is the same as diluted at December 31, 2014 and 2013.

XML

7. MINERAL PROPERTY COMMITMENTS - RELATED PARTY (Details) - Green Monster-Danville Property - Work Commitment (USD $)	Oct. 31, 2016	Jul. 27, 2016	Feb. 21, 2016	Oct. 31, 2015	Oct. 24, 2015	Oct. 31, 2014	Jul. 27, 2013	Feb. 21, 2013	Oct. 24, 2012	Jul. 27, 2012	Feb. 21, 2012	Oct. 24, 2011
Green Monster-Danville Property - Work Commitment [Abstract]
First Lease Year						$ 5,000				$ 5,000	$ 5,000	$ 5,000
Second Lease Year				10,000			10,000	25,000	25,000
Third Lease Year and thereafter	$ 50,000	$ 100,000	$ 100,000		$ 100,000

XML

7. MINERAL PROPERTY COMMITMENTS - RELATED PARTY (Details) - Green Monster-Danville Property - Advanced Royalty Payments (USD $)	0 Months Ended			12 Months Ended																	60 Months Ended
	Nov. 03, 2029	Oct. 31, 2014	Jul. 27, 2012	Oct. 31, 2019	Oct. 31, 2018	Oct. 31, 2017	Oct. 31, 2016	Jul. 27, 2016	Feb. 21, 2016	Oct. 31, 2015	Oct. 24, 2015	Jul. 27, 2015	Feb. 21, 2015	Oct. 24, 2014	Jul. 27, 2014	Feb. 21, 2014	Oct. 24, 2013	Jul. 27, 2013	Feb. 21, 2013	Oct. 24, 2012	Oct. 31, 2029	Oct. 31, 2024
Green Monster-Danville Property - Advanced Royalty Payments [Abstract]
Upon execution of Agreement		$ 2,500	$ 6,000
First Anniversary of the Agreement										5,000								15,000	10,000	10,000
Second Anniversary of the Agreement							10,000								20,000	20,000	20,000
Third Anniversary of the Agreement						20,000						30,000	30,000	30,000
Fourth Anniversary of the Agreement					30,000			40,000	40,000		40,000
Fifth Anniversary of the Agreement				40,000
Sixth Anniversary through the tenth anniversary																						50,000
Eleventh Anniversary through the fifteenth																					75,000
Sixteenth Anniversary and thereafter	$ 100,000

XML

3. GOING CONCERN

6 Months Ended

Dec. 31, 2014

Going Concern Note [Abstract]

Going Concern Note

3.     GOING CONCERN

As shown in the accompanying interim financial statements, the Company had a net loss of $171,501 and $235,494 for the three and six months ended December 31, 2014, respectively.  There is substantial doubt about the Company's ability to continue as a going concern.

The Company intends to raise additional capital either through debt or equity financing. The interim financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

Revenue Recognition - Revenue received from exploration contracts is recognized when the contract has been established, the services are rendered and collection of payment is deemed probable.

XML

Balance Sheets (USD $)	Dec. 31, 2014	Jun. 30, 2014
Current Assets
Cash	$ 71,419	$ 310,749
Accounts receivable	48,621	49,815
Current portion of reclamation bond	15,000
Prepaid expenses	13,505	43,006
Total Current Assets	148,545	403,570
Reclamation bond	8,721
Mineral interests	191,500	123,000
TOTAL ASSETS	348,766	526,570
Current Liabilities
Accounts payable	37,175	1,875
Deposits		43,560
Total Current Liabilities	37,175	45,435
Common stock payable (note 6)	28,250
Total Liabilities	65,425	45,435
Stockholders' Equity
Preferred stock, $0.05 par value, 10,000,000 shares authorized, none outstanding as of September 30, 2014 and June 30, 2014, Respectively	0	0
Common stock, $0.01 par value, 100,000,000 common shares authorized, 13,255,683 and 12,944,333 shares outstanding as of December 31, 2014 and June 30, 2014, respectively	132,557	129,443
Additional paid-in capital	848,178	813,592
Accumulated deficit	(697,394)	(461,900)
Total Stockholders' Equity	283,341	481,135
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY	$ 348,766	$ 526,570

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1. NATURE AND CONTINUANCE OF OPERATIONS

6 Months Ended

Dec. 31, 2014

Disclosure Text Block [Abstract]

Nature of Operations [Text Block]

1.     NATURE AND CONTINUANCE OF OPERATIONS

Idaho North Resources Corporation ("the Company") was incorporated under the laws of Idaho in 2007.  The Company is engaged primarily in acquiring and exploring prospective precious metals mining properties in the western United States.

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7. MINERAL PROPERTY COMMITMENTS - RELATED PARTY (Details) - Klondike North Property - Advanced Royalty Payments (USD $)	0 Months Ended					12 Months Ended																	120 Months Ended
	Jul. 29, 2026	Oct. 26, 2025	Jul. 27, 2012	Feb. 21, 2012	Oct. 24, 2011	Oct. 31, 2018	Oct. 31, 2017	Feb. 21, 2017	Oct. 31, 2016	Jul. 27, 2016	Feb. 21, 2016	Oct. 31, 2015	Oct. 24, 2015	Jul. 27, 2015	Feb. 21, 2015	Oct. 24, 2014	Jul. 27, 2014	Feb. 21, 2014	Oct. 24, 2013	Jul. 27, 2013	Feb. 21, 2013	Oct. 24, 2012	Jul. 27, 2026	Oct. 24, 2025
Klondike North Property - Advanced Royalty Payments [Abstract]
Upon execution of Agreement (in Shares)			300,000	100,000	500,000
First Anniversary of the Agreement												$ 5,000								$ 15,000	$ 10,000	$ 10,000
Second Anniversary of the Agreement									10,000								20,000	20,000	20,000
Third Anniversary of the Agreement							20,000							30,000	30,000	30,000
Fourth Anniversary of the Agreement						30,000				40,000	40,000		40,000
Fifth through the tenth Anniversary																							50,000	50,000
Eleventh Anniversary and thereafter	$ 100,000	$ 100,000						$ 50,000

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7. MINERAL PROPERTY COMMITMENTS - RELATED PARTY (Details) - Divide Property - Advanced Royalty Payments (USD $)	0 Months Ended					12 Months Ended
	Jul. 29, 2026	Oct. 26, 2025	Jul. 27, 2012	Feb. 21, 2012	Oct. 24, 2011	Oct. 31, 2018	Oct. 31, 2017	Feb. 21, 2017	Oct. 31, 2016	Jul. 27, 2016	Feb. 21, 2016	Oct. 31, 2015	Oct. 24, 2015	Jul. 27, 2015	Feb. 21, 2015	Oct. 24, 2014	Jul. 27, 2014	Feb. 21, 2014	Oct. 24, 2013	Jul. 27, 2013	Feb. 21, 2013	Oct. 24, 2012
Divide Property - Advanced Royalty Payments [Abstract]
Upon execution of Agreement (in Shares)			300,000	100,000	500,000
First Anniversary of the Agreement												$ 5,000								$ 15,000	$ 10,000	$ 10,000
Second Anniversary of the Agreement									10,000								20,000	20,000	20,000
Third Anniversary of the Agreement							20,000							30,000	30,000	30,000
Fourth Anniversary of the Agreement						30,000				40,000	40,000		40,000
Fifth Anniversary and thereafter	$ 100,000	$ 100,000						$ 50,000

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2. BASIS OF PRESENTATION

6 Months Ended

Dec. 31, 2014

Disclosure Text Block [Abstract]

Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]

2.     BASIS OF PRESENTATION

These interim financial statements have been prepared in accordance with generally accepted accounting principles in the United States ("US GAAP") and should be read in conjunction with the annual financial statements for the fiscal year ended June 30, 2014. The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America requires the use of estimates and assumptions that affect the reported amounts of assets and liabilities at the dates of the financial statements, and the reported amounts of revenues and expenses during the reporting period.  In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein.  Actual results could differ from these estimates and assumptions and could have a material effect on the Company's reported financial position and results of operations.

Notes to the financial statements which would substantially duplicate the disclosure contained in the audited financial statements for the most recent fiscal year 2014 as reported in Form 10-K, have been omitted.  Results of operations for the six months ended December 31, 2014 are not necessarily indicative of the results expected for the fiscal year ending June 30, 2015.

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Balance Sheets (Parentheticals) (USD $)	Dec. 31, 2014	Jun. 30, 2014
Preferred stock, par value (in Dollars per share)	$ 0.05	$ 0.05
Preferred stock, authorized	10,000,000	10,000,000
Preferred stock, outstanding	0	0
Common stock, authorized	100,000,000	100,000,000
Common stock, par value (in Dollars per share)	$ 0.01	$ 0.01
Common stock, outstanding	13,255,683	12,944,333

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5. CENTRAL NEVADA EXPLORATION PROGRAM and EARN-IN AGREEMENT (Details) (USD $)	0 Months Ended	3 Months Ended			6 Months Ended	12 Months Ended
	Oct. 02, 2014	Dec. 31, 2014	Sep. 30, 2014	Mar. 31, 2014	Dec. 31, 2014	Jun. 28, 2014	Jun. 30, 2015	Nov. 30, 2014	Nov. 29, 2014	Jul. 31, 2014	Jun. 30, 2014	Jun. 26, 2014	Mar. 30, 2014	Oct. 31, 2013	Oct. 30, 2013	Jul. 31, 2013	Jun. 30, 2013	Jun. 28, 2013	Jun. 27, 2013	Jun. 30, 2012	Jun. 29, 2012
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Units Issued During Period, Shares, Issued for Cash			1,333,333	1,333,333		3,100,000
Share Price (in Dollars per share)		$ 0.15	$ 0.15	$ 0.15	$ 0.15	$ 0.10	$ 0.12	$ 0.16	$ 0.15	$ 0.12	$ 0.10	$ 0.15	$ 0.17	$ 0.10	$ 0.10	$ 0.10	$ 0.10	$ 0.10	$ 0.10	$ 0.02	$ 0.02
Units Issued During Period, Value, Issued for Cash			200,000	200,000		310,000
Unit - Description	1
Exploration Services Income (in Dollars)		$ 48,621			$ 127,111

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Document And Entity Information (USD $)	6 Months Ended
	Dec. 31, 2014	Feb. 10, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	Idaho North Resources Corp.
Document Type	10-Q
Current Fiscal Year End Date	--06-30
Entity Common Stock, Shares Outstanding		13,255,683
Entity Public Float		$ 551,764
Amendment Flag	false
Entity Central Index Key	0001543395
Entity Current Reporting Status	Yes
Entity Voluntary Filers	Yes
Entity Filer Category	Smaller Reporting Company
Entity Well-known Seasoned Issuer	No
Document Period End Date	Dec. 31, 2014
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q2

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6. COMMON STOCK AND WARRANTS (Details) (USD $)	1 Months Ended			2 Months Ended		3 Months Ended				4 Months Ended		6 Months Ended		8 Months Ended		11 Months Ended			12 Months Ended
	Jul. 31, 2014	Oct. 31, 2013	Jul. 31, 2013	Nov. 29, 2014	Nov. 30, 2014	Dec. 31, 2014	Sep. 30, 2014	Jun. 26, 2014	Mar. 31, 2014	Jun. 27, 2013	Jun. 30, 2012	Dec. 31, 2014	Dec. 31, 2013	Jun. 28, 2013	Jun. 29, 2012	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013	Jun. 28, 2014	Mar. 04, 2017	Nov. 01, 2016	Mar. 01, 2015	Mar. 30, 2014	Oct. 30, 2013
Stockholders' Equity Note [Abstract]
Stock Issued During Period, Shares, Acquisitions		200,000	100,000							50,000	100,000			200,000	500,000	150,000	100,000	300,000
Share Price (in Dollars per share)	$ 0.12	$ 0.10	$ 0.10	$ 0.15	$ 0.16	$ 0.15	$ 0.15	$ 0.15	$ 0.15	$ 0.10	$ 0.02	$ 0.15		$ 0.10	$ 0.02	$ 0.12	$ 0.10	$ 0.10	$ 0.10				$ 0.17	$ 0.10
Stock Issued During Period, Value, Acquisitions (in Dollars)		$ 20,000	$ 10,000								$ 2,000	$ 36,000	$ 30,000		$ 10,000			$ 30,000
Stock Issued During Period, Shares, Issued for Services	300,000	200,000		11,350	50,000	135,000		50,000	300,000
Units Issued During Period, Shares, Issued for Cash							1,333,333		1,333,333										3,100,000
Units Issued During Period, Value, Issued for Cash							200,000		200,000										310,000
Proceeds from Issuance of Common Stock (in Dollars)													10,000						261,060
Debt Issuance Cost (in Dollars)																			$ 48,940
Broker Warrants Issued During Period, Warrants, Issued for Services																			155,000
Fair Value Assumptions, Exercise Price (in Dollars per share)									$ 0.30									$ 0.25		$ 0.30	$ 0.25	$ 0.25

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Statements of Operations (Unaudited) (USD $)	3 Months Ended		6 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
REVENUE:
Exploration services income	$ 48,621		$ 127,111
Operating Expenses
Exploration services expense	14,201		85,556
Other exploration expenditures	148,533	1,690	174,742	24,463
General and administrative expenses	57,388	45,784	102,307	80,614
Total Operating Expenses	220,122	47,474	362,605	105,077
Loss from Operations	(171,501)	(47,474)	(235,494)	(105,077)
Net Loss	$ (171,501)	$ (47,474)	$ (235,494)	$ (105,077)
Net Loss per Common Share
Basic and diluted (in Dollars per share)	$ (0.01)	$ (0.01)	$ (0.02)	$ (0.01)
Weighted average number of common shares outstanding
Basic and diluted (in Shares)	13,251,488	8,084,913	13,203,889	7,907,196

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7. MINERAL PROPERTY COMMITMENTS - RELATED PARTY

6 Months Ended

Dec. 31, 2014

Mineral Industries Disclosures Related Pary [Abstract]

Mineral Industries Disclosures Related Pary

7.     MINERAL PROPERTY COMMITMENTS - RELATED PARTY

For the following properties, the related party is a shareholder (not an officer or director) who exercises voting rights over 9.2% percent of the Company's common stock.  He is also the Company's consulting geologist and a member of the Company's Technical Advisory Committee.  The Company has satisfied its work commitments on all four properties.  Work commitments include, but are not limited to, annual claim fees, exploration, mapping, sampling, and administration costs.

Klondike North Property.  On October 24, 2011, the Company entered into an Exploration and Mining Lease and Option to Purchase Agreement for the Klondike North Property, which consists of 38 unpatented lode-mining claims located on Bureau of Land Management lands in the Klondike Mining District, Esmerelda County, Nevada.  The Company has the right to conduct all customary mineral exploration activities in return for the following commitments:

Advanced Royalty Payments

Date	Payment Amount			Common Shares
Upon execution of Agreement	$	-			500,000
First Anniversary of the Agreement		10,000			-
Second Anniversary of the Agreement		20,000	*		-
Third Anniversary of the Agreement		30,000			-
Fourth Anniversary of the Agreement		40,000			-
Fifth through the tenth Anniversary		50,000			-
Eleventh Anniversary and thereafter		100,000			-

The Company valued the 500,000 shares issued for the above acquisition of mineral rights at $0.02, based on the most recent sale of common shares, and recorded $10,000 as mineral property in the fiscal year ended June 30, 2012.

*The Company, with agreement from the sellers, satisfied its Second Anniversary obligation with 200,000 shares of common stock issued with a fair value of $0.10 per share in the fiscal year ended June 30, 2014.

Work Commitment

Lease Year	Amount
First Lease Year	$	5,000
Second Lease Year		25,000
Third Lease Year		50,000
Fourth Lease Year		75,000
Fifth Lease Year and thereafter		100,000

Divide Property.  On February 21, 2012, the Company entered into an Exploration and Mining Lease and Option to Purchase Agreement for the Divide Property, which consists of 10 unpatented lode-mining claims located on Bureau of Land Management lands in the Divide Mining District, Esmerelda County, Nevada.  The Company has the right to conduct all customary mineral exploration activities in return for the following commitments:

Advanced Royalty Payments

Date	Payment Amount			Common Shares
Upon execution of Agreement	$	-			100,000
First Anniversary of the Agreement		10,000	*		-
Second Anniversary of the Agreement		20,000			-
Third Anniversary of the Agreement		30,000			-
Fourth Anniversary of the Agreement		40,000			-
Fifth Anniversary and thereafter		50,000			-

The Company valued the 100,000 shares issued for the above acquisition of mineral rights at $0.02, based on the most recent sale of common shares, and recorded $2,000 as mineral property in the fiscal year ended June 30, 2012.

*The Company, with agreement from the sellers, satisfied its First Anniversary obligation with a $5,000 payment in cash and 50,000 shares of common stock issued with a fair value of $0.10 per share in the fiscal year ended June 30, 2013.

Work Commitment

Lease Year	Amount
First Lease Year	$	5,000
Second Lease Year		25,000
Third Lease Year		50,000
Fourth Lease Year		75,000
Fifth Lease Year and thereafter		100,000

Eagleville Property.  On July 27, 2012, the Company entered into an Exploration and Mining Lease and Option to Purchase Agreement for the Eagleville Property, which consists of 58 unpatented lode-mining claims located on Bureau of Land Management lands in the Eagleville Mining District, Mineral County, Nevada.  The Company has the right to conduct all customary mineral exploration activities in return for the following commitments:

Advanced Royalty Payments

Date	Payment Amount			Common Shares
Upon execution of Agreement	$	6,000			300,000
On or prior to the 1st Anniversary of the Agreement		15,000	*		150,000
On or prior to the 2nd Anniversary of the Agreement		20,000	**		150,000
On or prior to the 3rd Anniversary of the Agreement		30,000			-
On or prior to the 4th Anniversary of the Agreement		40,000			-
On or prior to the 5th through the 10th Anniversary		50,000			-
On or prior to the 11th Anniversary and thereafter		100,000			-

The Company valued the 300,000 shares issued for the above acquisition of mineral rights at $0.10, based on the most recent sale of common shares, and recorded $30,000 as mineral property in the fiscal year ended June 30, 2013.

*The Company, with agreement from the sellers, satisfied its First Anniversary obligation with a $5,000 payment in cash and 100,000 shares of common stock issued with a fair value of $0.10 per share in the fiscal year ended June 30, 2014.

**The Company, with agreement from the sellers, satisfied its Second Anniversary obligation with an additional 150,000 shares of common stock issued with a fair value of $0.12 per share in the fiscal year ended June 30, 2015 in lieu of the cash requirement.

Work Commitment

Lease Year	Amount
First Lease Year	$	5,000
Second Lease Year		10,000
Third Lease Year		25,000
Fourth Lease Year		50,000
Fifth Lease Year and thereafter		100,000

Green Monster-Danville Property.  On October 31, 2014, the Company entered into an Exploration and Mining Lease and Option to Purchase Agreement for the Green Monster-Danville Property, which consists of 91 unpatented lode-mining claims located on Bureau of Land Management lands in the Danville Mining District, Nye County, Nevada.  The Company has the right to conduct all customary mineral exploration activities in return for the following commitments:

Advanced Royalty Payments

Date	Payment Amount			Common Shares
Upon execution of Agreement	$	2,500	*		-
First Anniversary of the Agreement		5,000			-
Second Anniversary of the Agreement		10,000			-
Third Anniversary of the Agreement		20,000			-
Fourth Anniversary of the Agreement		30,000			-
Fifth Anniversary of the Agreement		40,000			-
Sixth Anniversary through the tenth anniversary		50,000			-
Eleventh Anniversary through the fifteenth		75,000			-
Sixteenth Anniversary and thereafter		100,000			-

*Plus reimbursement of the 2014 -15 BLM Annual Maintenance Fee of $12,245 and Nye County Notice to Intent to Hold Fee of $834, which has been paid.

Work Commitment

Lease Year	Amount
First Lease Year	$	5,000
Second Lease Year		10,000
Third Lease Year and thereafter		50,000

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6. COMMON STOCK AND WARRANTS

6 Months Ended

Dec. 31, 2014

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

6.     COMMON STOCK AND WARRANTS

a) Common Stock:

In July 2013, the Company issued 100,000 common shares pursuant to a mining lease agreement at a fair value, based on the most recent sale of common shares, of $0.10 per share. The Company accounted for $10,000 as mineral interests.

In October 2013, the Company issued 200,000 common shares for services at a fair value, based on the most recent sale of common shares, of $0.10 per share.

In October 2013, the Company issued 200,000 common shares pursuant to a mining lease agreement at a fair value, based on the most recent sale of common shares, of $0.10 per share.  The Company accounted for $20,000 as mineral interests.

In March 2014, the Company issued 300,000 common shares for services at a fair value, based on the quoted market price of common shares, of $0.17 per share.

In March 2014, the Company sold 1,333,333 common shares and warrants at $0.15 per unit for proceeds of $200,000 (see note 5).

During the twelve months ended June 30, 2014, the Company sold 3,100,000 common shares and warrants at $0.10 per unit for gross proceeds of $310,000 ($261,060 net of $48,940 in offering costs).  155,000 broker's warrants were issued at the same terms as the private placement.

In June 2014, the Company issued 50,000 common shares for services at a fair value, based on the quoted market price of common shares, of $0.15 per share.

In July 2014, the Company issued 300,000 common shares pursuant to a mining lease agreement at a fair value, based on the quoted market price of common shares, of $0.12 per share.

In November 2014, the Company issued 11,350 common shares for services at a fair value, based on the quoted market price of common shares, of $0.15 per share.

In November 2014, the Company approved the award of 50,000 common shares for services at a fair value, based on

the quoted market price of common shares, of $0.16 per share.  The expense was recorded as common stock payable, and the shares were issued in January, 2015.

In December 2014, the Company approved the award of 135,000 common shares for services at a fair value, based on the quoted market price of common shares, of $0.15 per share.  The expense was recorded as common stock payable, and the shares were issued in January, 2015.

b)    Warrants

	Warrants to Purchase Common Shares		Weighted Average Exercise Price*
Outstanding at June 30, 2013		1,462,500	$	0.25
Issued March 2014		666,667		0.30
Issued June 2014		1,627,500		0.25
Exercised		-		-
Expired		-		-
Outstanding at June 30, and December 31, 2014		3,756,667	$	0.26

The warrants that are issued and outstanding as at December 31, 2014 are as follows:

Warrants to Purchase Common Shares	Exercise Price*	Expiration Date
1,462,500	$ 0.25	March 1, 2015
666,667	0.30	March 4, 2017
1,627,500	0.25	November 1, 2016

*For the warrants outstanding as of June 30, 2013 and the warrants issued in June 2014, two warrants plus $0.25 will allow the holder to acquire one share of common stock.  For the warrants issued in March 2014, two warrants plus $0.30 will allow the holder to acquire one share of common stock.

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7. MINERAL PROPERTY COMMITMENTS - RELATED PARTY (Details) - Klondike North Property - Work Commitment (USD $)	Oct. 31, 2016	Jul. 27, 2016	Feb. 21, 2016	Oct. 31, 2015	Oct. 24, 2015	Jul. 27, 2015	Feb. 21, 2015	Oct. 31, 2014	Oct. 24, 2014	Jul. 27, 2014	Feb. 21, 2014	Oct. 24, 2013	Jul. 27, 2013	Feb. 21, 2013	Oct. 24, 2012	Jul. 27, 2012	Feb. 21, 2012	Oct. 24, 2011
Klondike North Property - Work Commitment [Abstract]
First Lease Year								$ 5,000								$ 5,000	$ 5,000	$ 5,000
Second Lease Year				10,000									10,000	25,000	25,000
Third Lease Year										25,000	50,000	50,000
Fourth Lease Year						50,000	75,000		75,000
Fifth Lease Year and thereafter	$ 50,000	$ 100,000	$ 100,000		$ 100,000

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6. COMMON STOCK AND WARRANTS (Details) - Warrants Activity (USD $)	6 Months Ended	8 Months Ended	12 Months Ended
	Dec. 31, 2014	Mar. 01, 2014	Jun. 30, 2014	Jun. 30, 2013
Warrants Activity [Abstract]
Warrants to Purchase Common Shares	3,756,667			1,462,500
Weighted Average Exercise Price	$ 0.26			$ 0.25
Warrants to Purchase Common Shares (in Shares)		666,667	1,627,500
Weighted Average Exercise Price		$ 0.30	$ 0.25

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3. GOING CONCERN (Details) (USD $)	3 Months Ended		4 Months Ended	6 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2014	Dec. 31, 2013
Going Concern Note [Abstract]
Net Income (Loss) Attributable to Parent	$ (171,501)	$ (47,474)	$ 171,501	$ (235,494)	$ (105,077)

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6. COMMON STOCK AND WARRANTS (Tables)

6 Months Ended

Dec. 31, 2014

Stockholders' Equity Note [Abstract]

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

	Warrants to Purchase Common Shares		Weighted Average Exercise Price*
Outstanding at June 30, 2013		1,462,500	$	0.25
Issued March 2014		666,667		0.30
Issued June 2014		1,627,500		0.25
Exercised		-		-
Expired		-		-
Outstanding at June 30, and December 31, 2014		3,756,667	$	0.26

Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]

Warrants to Purchase Common Shares	Exercise Price*	Expiration Date
1,462,500	$ 0.25	March 1, 2015
666,667	0.30	March 4, 2017
1,627,500	0.25	November 1, 2016

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7. MINERAL PROPERTY COMMITMENTS - RELATED PARTY (Tables)

6 Months Ended

Dec. 31, 2014

Mineral Industries Disclosures Related Pary [Abstract]

Schedule of Advanced Royalty Payments - Klondike North Property

Date	Payment Amount			Common Shares
Upon execution of Agreement	$	-			500,000
First Anniversary of the Agreement		10,000			-
Second Anniversary of the Agreement		20,000	*		-
Third Anniversary of the Agreement		30,000			-
Fourth Anniversary of the Agreement		40,000			-
Fifth through the tenth Anniversary		50,000			-
Eleventh Anniversary and thereafter		100,000			-

Schedule of Work Commitment - Klondike North Property

Lease Year	Amount
First Lease Year	$	5,000
Second Lease Year		25,000
Third Lease Year		50,000
Fourth Lease Year		75,000
Fifth Lease Year and thereafter		100,000

Schedule of Advanced Royalty Payment - Divide Property

Date	Payment Amount			Common Shares
Upon execution of Agreement	$	-			100,000
First Anniversary of the Agreement		10,000	*		-
Second Anniversary of the Agreement		20,000			-
Third Anniversary of the Agreement		30,000			-
Fourth Anniversary of the Agreement		40,000			-
Fifth Anniversary and thereafter		50,000			-

Schedule of Work Commitment - Divide Property

Lease Year	Amount
First Lease Year	$	5,000
Second Lease Year		25,000
Third Lease Year		50,000
Fourth Lease Year		75,000
Fifth Lease Year and thereafter		100,000

Schedule of Advanced Royalty Payments - Eagleville Property

Date	Payment Amount			Common Shares
Upon execution of Agreement	$	6,000			300,000
On or prior to the 1st Anniversary of the Agreement		15,000	*		150,000
On or prior to the 2nd Anniversary of the Agreement		20,000	**		150,000
On or prior to the 3rd Anniversary of the Agreement		30,000			-
On or prior to the 4th Anniversary of the Agreement		40,000			-
On or prior to the 5th through the 10th Anniversary		50,000			-
On or prior to the 11th Anniversary and thereafter		100,000			-

Schedule of Work Commitment - Eagleville Property

Lease Year	Amount
First Lease Year	$	5,000
Second Lease Year		10,000
Third Lease Year		25,000
Fourth Lease Year		50,000
Fifth Lease Year and thereafter		100,000

Schedule of Advanced Royalty Payments - Green Monster Danville Property

Date	Payment Amount			Common Shares
Upon execution of Agreement	$	2,500	*		-
First Anniversary of the Agreement		5,000			-
Second Anniversary of the Agreement		10,000			-
Third Anniversary of the Agreement		20,000			-
Fourth Anniversary of the Agreement		30,000			-
Fifth Anniversary of the Agreement		40,000			-
Sixth Anniversary through the tenth anniversary		50,000			-
Eleventh Anniversary through the fifteenth		75,000			-
Sixteenth Anniversary and thereafter		100,000			-

Schedule of Work Commitment - Green Monster Danville Property

Lease Year	Amount
First Lease Year	$	5,000
Second Lease Year		10,000
Third Lease Year and thereafter		50,000

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4. EARNINGS PER SHARE (Details)	6 Months Ended	12 Months Ended
	Dec. 31, 2014	Jun. 30, 2013
Earnings Per Share [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	3,756,667	1,462,500

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7. MINERAL PROPERTY COMMITMENTS - RELATED PARTY (Details) (USD $)	1 Months Ended		4 Months Ended		6 Months Ended		8 Months Ended		11 Months Ended			12 Months Ended
	Oct. 31, 2013	Jul. 31, 2013	Jun. 27, 2013	Jun. 30, 2012	Dec. 31, 2014	Dec. 31, 2013	Jun. 28, 2013	Jun. 29, 2012	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2015	Jun. 30, 2015	Nov. 30, 2014	Nov. 29, 2014	Oct. 31, 2014	Sep. 30, 2014	Jul. 31, 2014	Jun. 28, 2014	Jun. 26, 2014	Mar. 31, 2014	Mar. 30, 2014	Oct. 30, 2013	Jul. 27, 2012	Feb. 21, 2012	Oct. 24, 2011
Mineral Industries Disclosures Related Pary [Abstract]
Equity Method Investment, Ownership Percentage					9.20%
Mining Properties					4
undefined																91								58	10	38
Stock Issued During Period, Shares, Acquisitions	200,000	100,000	50,000	100,000			200,000	500,000	150,000	100,000	300,000
Share Price	$ 0.10	$ 0.10	$ 0.10	$ 0.02	$ 0.15		$ 0.10	$ 0.02	$ 0.12	$ 0.10	$ 0.10	$ 0.12	$ 0.12	$ 0.16	$ 0.15		$ 0.15	$ 0.12	$ 0.10	$ 0.15	$ 0.15	$ 0.17	$ 0.10
Stock Issued During Period, Value, Acquisitions	$ 20,000	$ 10,000		$ 2,000	$ 36,000	$ 30,000		$ 10,000			$ 30,000
Contractual Obligation				5,000						5,000
Maintenance Costs												$ 834	$ 12,245

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7. MINERAL PROPERTY COMMITMENTS - RELATED PARTY (Details) - Eagleville Property - Advanced Royalty Payments (USD $)	0 Months Ended						12 Months Ended																	120 Months Ended
	Jul. 29, 2026	Oct. 26, 2025	Oct. 31, 2014	Jul. 27, 2012	Feb. 21, 2012	Oct. 24, 2011	Oct. 31, 2018	Oct. 31, 2017	Feb. 21, 2017	Oct. 31, 2016	Jul. 27, 2016	Feb. 21, 2016	Oct. 31, 2015	Oct. 24, 2015	Jul. 27, 2015	Feb. 21, 2015	Oct. 24, 2014	Jul. 27, 2014	Feb. 21, 2014	Oct. 24, 2013	Jul. 27, 2013	Feb. 21, 2013	Oct. 24, 2012	Jul. 27, 2026	Oct. 24, 2025
Eagleville Property - Advanced Royalty Payments [Abstract]
Upon execution of Agreement			$ 2,500	$ 6,000
Upon execution of Agreement (in Shares)				300,000	100,000	500,000
On or prior to the 1st Anniversary of the Agreement													5,000								15,000	10,000	10,000
On or prior to the 1st Anniversary of the Agreement (in Shares)																					150,000
On or prior to the 2nd Anniversary of the Agreement										10,000								20,000	20,000	20,000
On or prior to the 2nd Anniversary of the Agreement (in Shares)																		150,000
On or prior to the 3rd Anniversary of the Agreement								20,000							30,000	30,000	30,000
On or prior to the 4th Anniversary of the Agreement							30,000				40,000	40,000		40,000
On or prior to the 5th through the 10th Anniversary																								50,000	50,000
On or prior to the 11th Anniversary and thereafter	$ 100,000	$ 100,000							$ 50,000

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Statements of Cash Flows (Unaudited) (USD $)	6 Months Ended		12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Jun. 28, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss for the period	$ (235,494)	$ (105,077)
Shares issued as compensation	1,700	20,000
Accounts receivable	1,194
Prepaid expenses and other current assets	14,501	(1,945)
Reclamation bond	(8,721)
Accounts payable, executive compensation and deposits	(10,010)	7,930
Cash used in operating activities	(236,830)	(79,092)
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of mineral interests	(2,500)	(5,000)
Cash used in investing activities	(2,500)	(5,000)
CASH FLOWS FROM FINANCING ACTIVITIES
Cash received on common stock		10,000	261,060
Share issuance cost		(1,035)
Cash provided by financing activities		8,965
Decrease in cash	(239,330)	(75,127)
Cash, beginning of period	310,749	83,229	83,229
Cash, end of period	71,419	8,102
Mineral interests acquired with accounts payable	30,000
Executive compensation paid with common stock payable	28,250
Common stock issued for mineral interests	$ 36,000	$ 30,000

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5. CENTRAL NEVADA EXPLORATION PROGRAM and EARN-IN AGREEMENT

6 Months Ended

Dec. 31, 2014

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Collaborative Arrangement Disclosure [Text Block]

5.     CENTRAL NEVADA EXPLORATION PROGRAM and EARN-IN AGREEMENT

In the first calendar quarter of 2014, the Company completed a private placement and signed a letter of intent to enter into an exploration program agreement with Coeur Mining Inc. ("Coeur").  Coeur purchased 1,333,333 units at $0.15 per unit, for a total of $200,000.  Each unit consists of one common share and one warrant.  Two warrants plus $0.30 allow Coeur to purchase one common share.  The warrants expire in March 2017.  At December 31, 2014, Coeur owned 10.06% of the Company's shares.

On October 2, 2014, the Company signed the definitive Exploration Program Agreement (the "Agreement") with Coeur.  The Agreement calls for Coeur to fund a Central Nevada Exploration Program within a specified Area of Interest for a three-year period.  During the Agreement period, Coeur will have the right to select target properties identified and acquired or appropriated by the Company, and earn up to 80% interest in the target properties by meeting certain minimum investment and other requirements. Prior to selection of any target properties, Coeur will pay certain consulting and field-related costs associated with the Program, along with a 10% administrative fee to the Company.  For the six months ended December 31, 2014, the Company recognized exploration service income of $127,111 for exploration costs and administrative fees.   

On October 21, 2014, the Company signed an Earn-In Option Agreement (the "Earn-In") with Coeur for the Klondyke area, Nevada.  Pursuant to the terms of the Earn-In, Coeur may exercise its option to acquire an initial 60% interest in the target properties by spending a minimum of $2 million in exploration and development expenses on the target properties over a 3-year period and completing a NI 43-101 compliant Technical Report. Upon completion of the earn-in requirements, the parties will form a limited liability company for purposes of further exploration, development, and mining of the target properties, with Coeur having a 60% membership interest and the Company having a 40% membership interest. During the Earn-In period, Coeur has the option to acquire the Company's entire interest in the target properties, subject to terms of the Earn-In. As operator, the Company will conduct the exploration, development, and related work at the target properties under budgets approved by Coeur.

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7. MINERAL PROPERTY COMMITMENTS - RELATED PARTY (Details) - Eagleville Property - Work Commitment (USD $)	Oct. 31, 2016	Jul. 27, 2016	Feb. 21, 2016	Oct. 31, 2015	Oct. 24, 2015	Jul. 27, 2015	Feb. 21, 2015	Oct. 31, 2014	Oct. 24, 2014	Jul. 27, 2014	Feb. 21, 2014	Oct. 24, 2013	Jul. 27, 2013	Feb. 21, 2013	Oct. 24, 2012	Jul. 27, 2012	Feb. 21, 2012	Oct. 24, 2011
Eagleville Property - Work Commitment [Abstract]
First Lease Year								$ 5,000								$ 5,000	$ 5,000	$ 5,000
Second Lease Year				10,000									10,000	25,000	25,000
Third Lease Year										25,000	50,000	50,000
Fourth Lease Year						50,000	75,000		75,000
Fifth Lease Year and thereafter	$ 50,000	$ 100,000	$ 100,000		$ 100,000

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6. COMMON STOCK AND WARRANTS (Details) - Warrants Outstanding (USD $)	2 Months Ended	22 Months Ended	26 Months Ended
	Mar. 01, 2015	Nov. 01, 2016	Mar. 04, 2017	Mar. 31, 2014	Jun. 30, 2013
Warrants Outstanding [Abstract]
Warrants to Purchase Common Shares	1,462,500	1,627,500	666,667
Exercise Price	$ 0.25	$ 0.25	$ 0.30	$ 0.30	$ 0.25
Expiration Date	Mar. 01, 2015	Nov. 01, 2016	Mar. 04, 2017