XML 60 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
12 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Revenue    
Other income (Note 11) $ 136,437 $ 77,697
Total Revenue 136,437 77,697
Expenses    
Exploration 910,215 1,532,263
Land holding costs 444,756 349,041
Professional fees 508,711 33,525
Salaries and benefits 373,345 170,880
Directors compensation 123,149 127,711
General and administrative 211,277 49,861
Insurance 106,333 277,364
Depreciation 1,333  
Accretion (Note 10) 134,768 122,732
Write down of mineral properties (Note 8) 337,400  
Total Expenses 3,151,287 2,663,377
Net Loss before other items 3,014,850 2,585,680
Other items    
Interest income (4,195) (3,404)
Interest and service charges (Note 7) 2,252,527 2,452,468
Gain on sale of marketable securities (Note 3) (31,975)  
Net Loss 5,231,207 5,034,744
Other comprehensive loss    
Unrealized loss (gain) on available-for-sale-securities 115,342 (60,149)
Total Comprehensive Loss for the Period $ 5,346,549 $ 4,974,595
Loss per Common share    
Basic $ 0.64 $ 0.62
Diluted $ 0.64 $ 0.62
Weighted Average Number of Common Shares Used in Per Share Calculations    
Basic 8,185,999 8,101,371
Diluted 8,185,999 8,101,371