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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2020
Mar. 31, 2019
General and administrative expense $ (1,322,125) $ (1,070,916) $ (3,464,060) $ (3,168,099)
Total expenses (1,322,125) (1,070,916) (3,464,060) (3,168,099)
OTHER INCOME/(EXPENSE):        
Interest income 11,801 55,232 73,869 171,285
Loss from equity investment in Peak Gold, LLC (Note 4) (600,000) (420,000) (3,300,000) (3,210,000)
NET LOSS $ (1,910,325) $ (1,435,684) $ (6,690,191) $ (6,206,814)
LOSS PER SHARE        
Basic and diluted (in dollars per share) $ (0.29) $ (0.23) $ (1.04) $ (0.99)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING        
Basic and diluted (in shares) 6,550,068 6,357,113 6,449,345 6,257,512