MINERAL RIGHTS AND PROPERTIES (Tables)

3 Months Ended

Oct. 31, 2012

Schedule of Mineral Rights and Property Acquisition Costs [Table Text Block]

		October 31, 2012			July 31, 2012
Mineral Rights and Properties, Unproven
Palangana Mine	$	6,610,453		$	6,610,453
Goliad Project		8,689,127			8,689,127
Burke Hollow Project		1,313,250			1,313,250
Channen Project		428,164			428,164
Salvo Project		363,645			363,645
Nichols Project		154,774			154,774
Anderson Project		9,154,268			9,154,268
Workman Creek Project		1,187,158			1,187,158
Los Cuatros Project		257,250			257,250
Slick Rock Project		163,213			163,213
Todilto Project		166,720			166,720
Yuty Project		11,947,144			11,947,144
Coronel Oviedo Project		1,133,412			1,133,412
Other property acquisitions		864,498			857,119
		42,433,076			42,425,697
Accumulated depletion		(1,321,032	)		(1,057,495	)
		41,112,044			41,368,202
Databases		2,345,038			2,345,038
Accumulated amortization		(1,463,366	)		(1,374,484	)
		881,672			970,554
Land Use Agreements		375,155			375,155
Accumulated amortization		(128,370	)		(118,991	)
		246,785			256,164
	$	42,240,501		$	42,594,920

Schedule of Mineral Property Expenditures [Table Text Block]

		Three Months Ended October 31,
		2012		2011
Mineral Property Expenditures
Palangana Mine	$	1,823,863	$	1,835,709
Goliad Project		104,002		96,938
Burke Hollow Project		1,102,932		-
Channen Project		691,262		-
Salvo Project		17,861		104,577
Nichols Project		13,635		150,000
Land work - Texas		61,342		96,477
Anderson Project		74,722		119,458
Workman Creek Project		30,936		-
Slick Rock Project		55,010		12,571
Yuty Project		91,270		-
Coronel Oviedo Project		199,801		263,218
Other Mineral Property Expenditures		110,649		53,652
	$	4,377,285	$	2,732,600