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

9 Months Ended

Mar. 31, 2020

	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		4,140,000
Loss from equity investment in Peak Gold, LLC		(4,140,000	)
Investment balance at June 30, 2019	$	—
Investment in Peak Gold, LLC		3,300,000
Loss from equity investment in Peak Gold, LLC		(3,300,000	)
Investment balance at March 31, 2020	$	—

	March 31, 2020		June 30, 2019
ASSETS
Cash and cash equivalents	$	191,578	$	473,056
Mineral properties		1,433,886		1,433,886
Other assets		193,116		57,538
TOTAL ASSETS	$	1,818,580	$	1,964,480

LIABILITIES AND MEMBERS’ EQUITY
Accounts payable and other liabilities	$	220,507	$	927,424
TOTAL LIABILITIES		220,507		927,424
MEMBERS’ EQUITY		1,598,073		1,037,056
TOTAL LIABILITIES AND MEMBERS’ EQUITY	$	1,818,580	$	1,964,480

	Three Months Ended		Three Months Ended		Nine Months Ended		Nine Months Ended		Period from Inception January 8, 2015 to
	March 31, 2020		March 31, 2019		March 31, 2020		March 31, 2019		March 31, 2020
EXPENSES:
Exploration expense	$	342,077	$	215,930	$	3,648,059	$	4,403,170	$	37,829,127
General and administrative		250,160		130,625		1,290,924		1,413,383		8,720,576
Total expenses		592,237		346,555		4,938,983		5,816,553		46,549,703
NET LOSS	$	592,237	$	346,555	$	4,938,983	$	5,816,553	$	46,549,703