Note 4 - Investment in the Joint Venture Company (Tables)

6 Months Ended

Dec. 31, 2018

Notes Tables

Roll-forward of Equity Method Investment [Table Text Block]

	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 June 30, 2017	$	—
Investment in Peak Gold, LLC		2,580,000
Loss from equity investment in Peak Gold, LLC		(2,580,000	)
Investment balance as June 30, 2018	$	—
Investment in Peak Gold, LLC		2,790,000
Loss from equity investment in Peak Gold, LLC		(2,790,000	)
Investment balance at December 31, 2018	$	—

The Joint Venture Company [Member]

Notes Tables

Summarized Balance Sheet of Equity Method Investment [Table Text Block]

	December 31, 2018		June 30, 2018
ASSETS
Cash and cash equivalents	$	316,909	$	2,628,195
Mineral properties		1,433,886		1,433,886
TOTAL ASSETS	$	1,750,795	$	4,062,081
LIABILITIES AND MEMBERS’ EQUITY
Accounts payable and other liabilities	$	911,969	$	2,403,257
TOTAL LIABILITIES		911,969		2,403,257
MEMBERS’ EQUITY		838,826		1,658,824
TOTAL LIABILITIES AND MEMBERS’ EQUITY	$	1,750,795	$	4,062,081

Summarized Income Statement of Equity Method Investment [Table Text Block]

	Three Months Ended		Three Months Ended			Six Months Ended		Six Months Ended	Period from Inception January 8, 2015 to
	December 31, 2018		December 31, 2017			December 31, 2018		December 31, 2017	December 31, 2018
EXPENSES:
Exploration expense	$	675,796	$	1,186,445	$	4,230,592	$	4,094,520	$	32,740,849
General and administrative		208,871		236,723		1,239,406		691,999		6,818,101
Total expenses		884,667		1,423,168		5,469,998		4,786,519		39,558,950
NET LOSS	$	884,667	$	1,423,168	$	5,469,998	$	4,786,519	$	39,558,950