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Investment in Peak Gold, LLC (Tables)
 3 Months Ended
Sep. 30, 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 month periods ended September 30, 2016 and 2015:
 
Three Months Ended
 
Three Months Ended
 
Inception to Date
 
September 30, 2016

 
September 30, 2015
 
September 30, 2016
EXPENSES:
 
 
 
 
 
   Exploration expense
$
3,012,330

 
$
2,960,055

 
$
12,544,189

   General and administrative
440,363

 
354,254

 
2,242,762

Total expenses
3,452,693

 
3,314,309

 
14,786,951

NET LOSS
$
3,452,693

 
$
3,314,309

 
$
14,786,951
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 September 30, 2016:
 
Investment
 
in Peak Gold, LLC
Investment balance at June 30, 2014
$
—

Investment in Peak Gold, LLC, at inception January 8, 2015
1,433,886

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

Investment in Peak Gold, LLC
—

Loss from equity investment in Peak Gold, LLC
—

Investment balance at June 30, 2016
$
—

Investment in Peak Gold, LLC
—

Loss from equity investment in Peak Gold, LLC
—

Investment balance at September 30, 2016
$
—
Summarized Balance Sheet of Equity Method Investment [Table Text Block]
The following table presents the condensed balance sheet for Peak Gold, LLC as of September 30, 2016 and June 30, 2016:
 
September 30, 2016
 
June 30, 2016
ASSETS
 
 
 
   Cash and cash equivalents
$
789,203

 
$
990,698

   Mineral properties
1,433,886

 
1,433,886

TOTAL ASSETS
$
2,223,089

 
$
2,424,584

 
 
 
 
LIABILITIES AND MEMBERS' EQUITY
 
 
 
   Accounts payable and other liabilities
$
2,226,154

 
$
1,674,956

TOTAL LIABILITIES
2,226,154

 
1,674,956

MEMBERS' EQUITY
(3,065
)
 
749,628

TOTAL LIABILITIES AND MEMBERS' EQUITY
$
2,223,089

 
$
2,424,584