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Investment in Peak Gold, LLC (Tables)
 9 Months Ended
Mar. 31, 2016
Schedule of Equity Method Investments [Line Items]  
Summarized Income Statement of Equity Method Investment [Table Text Block]
The following table presents the condensed results of operations for Peak Gold, LLC for the three and nine month periods ended March 31, 2016:
 
Three Months Ended
 
Nine Months Ended
 
Inception to Date
 
March 31, 2016

 
March 31, 2016
 
March 31, 2016
EXPENSES:
 
 
 
 
 
   Exploration expense
$
1,667,889

 
$
5,612,119

 
$
7,519,550

   General and administrative
274,454

 
829,257

 
1,225,108

Total expenses
1,942,343

 
6,441,376

 
8,744,658

NET LOSS
$
1,942,343

 
$
6,441,376

 
$
8,744,658
Roll-forward of Equity Method Investment [Table Text Block]
The following table is a roll-forward of our investment in the Joint Venture Company from January 8, 2015 (Inception) to March 31, 2016:
 
Inception to
 
March 31, 2016
Investment in Peak Gold, LLC at formation
$
1,433,886

Loss from equity investment in Peak Gold, LLC
(1,433,886
)
Investment balance
$
—
Summarized Balance Sheet of Equity Method Investment [Table Text Block]
The following table presents the condensed balance sheet for Peak Gold, LLC as of March 31, 2016:
 
March 31, 2016
ASSETS
 
   Cash and cash equivalents
$
1,784,888

   Mineral properties
1,433,886

TOTAL ASSETS
$
3,218,774

 
 
LIABILITIES AND MEMBERS' EQUITY
 
   Accounts payable and other liabilities
$
2,129,546

TOTAL LIABILITIES
$
2,129,546

MEMBERS' EQUITY
1,089,228

TOTAL LIABILITIES AND MEMBERS' EQUITY
$
3,218,774