1. NATURE OF OPERATIONS, SIGNIFICANT ACCOUNTING POLICIES AND RECENT ACCOUNTING PRONOUNCEMENTS (Tables)

12 Months Ended

Jun. 30, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Assets and liabilities measured at fair value on a recurring basis

Fair Value at June 30, 2016

		Level 1:
		Quoted Prices		Level 2:
		in Active		Significant		Level 3:		Total
		Markets		Other		Significant		at
		for Identical		Observable		Unobservable		June 30,
		Assets		Inputs		Inputs		2016
Asset Retirement Obligation	$	-	$	-	$	434,000	$	434,000
Contingent Land Payment		-		-		672,700		672,700
	$	-	$	-	$	1,106,700	$	1,106,700

Fair Value at June 30, 2015

		Level 1:
		Quoted Prices		Level 2:
		in Active		Significant		Level 3:		Total
		Markets		Other		Significant		at
		for Identical		Observable		Unobservable		June 30,
		Assets		Inputs		Inputs		2015
Asset Retirement Obligation	$	-	$	-	$	429,700	$	429,700
Contingent Land Payment		-		-		653,900		653,900
	$	-	$	-	$	1,083,600	$	1,083,600

Reconciliation of Assets and liabilities measured at fair value on a recurring basis

Fiscal Year Ended June 30, 2016

			Asset		Contingent
			Retirement		Land
			Obligation		Payment		Total
Opening balance, July 1, 2015		$	429,700	$	653,900	$	1,083,600
	Inflation adjustment		4,300		-		4,300
	Accretion expense		-		18,800		18,800
Closing balance, June 30, 2016		$	434,000	$	672,700	$	1,106,700

Fiscal Year Ended June 30, 2015

			Asset		Contingent		Contingent
			Retirement		Land		Purchase
			Obligation		Payment		Price		Total
Opening balance, July 1, 2014		$	423,700	$	660,200	$	528,100	$	1,612,000
	Inflation adjustment		6,000		-		-		6,000
	Accretion expense		-		18,800		-		18,800
	Payments		-		(25,100)		-		(25,100)
	Reversals		-		-		(528,100)		(528,100)
Closing balance, June 30, 2015		$	429,700	$	653,900	$	-	$	1,083,600