CONSOLIDATED BALANCE SHEETS (USD $)	Apr. 30, 2012	Jul. 31, 2011
CURRENT ASSETS
Cash and cash equivalents	$ 26,200,599	$ 30,724,051
Available-for-sale securities	79,559	79,126
Accounts and interest receivable	195,466	90,907
Inventories	4,281,402	2,775,947
Prepaid expenses and deposits	601,317	267,158
Total Current Assets	31,358,343	33,937,189
MINERAL RIGHTS AND PROPERTIES	42,404,763	17,841,083
PROPERTY, PLANT AND EQUIPMENT	8,967,448	8,702,413
RECLAMATION DEPOSITS	5,528,136	4,610,300
LOAN RECEIVABLE	0	300,000
Total Assets	88,258,690	65,390,985
CURRENT LIABILITIES
Accounts payable and accrued liabilities	4,203,790	3,232,104
Due to related parties	10,376	8,287
Current portion of asset retirement obligations	784,284	675,872
Total Current Liabilities	4,998,450	3,916,263
DEFERRED INCOME TAX LIABILITIES	949,828	0
ASSET RETIREMENT OBLIGATIONS	2,025,555	2,351,931
Total Liabilities	7,973,833	6,268,194
STOCKHOLDERS' EQUITY
Capital stock Common stock $0.001 par value: 750,000,000 shares authorized, 84,795,155 shares issued and outstanding (July 31, 2011 - 73,487,337)	84,795	73,487
Additional paid-in-capital	196,060,038	154,564,206
Share issuance obligation	194,700	194,700
Accumulated deficit	(116,070,135)	(95,740,228)
Accumulated other comprehensive income	15,459	30,626
Stockholders' Equity	80,284,857	59,122,791
Total Liabilities and Stockholders' Equity	$ 88,258,690	$ 65,390,985