XML 18 R6.htm IDEA: XBRL DOCUMENT v3.3.1.900
Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Statement Of Cash Flows [Abstract]    
Net Loss $ (1,536,960) $ (2,695,401)
Adjustment for:    
Depreciation 2,404  
Stock based compensation 279,094 11,569
Write-down of mineral properties   337,400
Interest expense on loans due to PGSC   1,529,504
Accretion expense (Note 10) 73,996 67,384
Change in reclamation (8,865) (1,477)
Insurance expense 24,518 24,522
Gain on sale of marketable securities   (31,975)
(Increase) decrease in accounts receivable 37,071  
(Increase) decrease in prepaid expenses (130,653) (158,503)
Increase (decrease) in accounts payable (108,013) (25,733)
Cash used in operating activities (1,367,408) (942,710)
Sale of marketable securities   462,075
Purchase of equipment (8,365)  
Cash provided by (used in) investing activities (8,365) 462,075
Loan from PGSC   958,493
Cash provided by financing activities   958,493
Change in cash during period (1,375,773) 477,858
Cash at beginning of period 9,282,534 460,220
Cash at end of period $ 7,906,761 $ 938,078