RISK MANAGEMENT AND FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Jun. 30, 2012

RISK MANAGEMENT AND FINANCIAL INSTRUMENTS [Abstract]

Maximum exposure to credit risk with respect to cash

Concentration of credit risk exists with respect to the Company's cash as certain amounts are held at US and Canadian financial institutions. The maximum exposure is as follows:

	2012		2011
Cash (US institution) – Non-FDIC insured	$	160,188	$	49,624
Cash (CDN institution)		11,985		11,741
	$	172,173	$	61,365