MINERAL RIGHTS AND PROPERTIES (Tables)

9 Months Ended

Apr. 30, 2013

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

		April 30, 2013			July 31, 2012
Mineral Rights and Properties, Unproven
Palangana Mine	$	7,045,457		$	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
Welder Project		182,500			-
Anderson Project		9,154,268			9,154,268
Workman Creek Project		1,287,158			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		881,453			857,119
		43,167,535			42,425,697
Accumulated Depletion		(1,932,227	)		(1,057,495	)
		41,235,308			41,368,202
Databases		2,345,038			2,345,038
Accumulated Amortization		(1,626,129	)		(1,374,484	)
		718,909			970,554
Land Use Agreements		390,155			375,155
Accumulated Amortization		(147,253	)		(118,991	)
		242,902			256,164
	$	42,197,119		$	42,594,920

Schedule of Mineral Property Expenditures [Table Text Block]

		Three Months Ended April 30,				Nine Months Ended April 30,
		2013		2012		2013		2012
Mineral Property Expenditures
Palangana Mine	$	756,414	$	1,465,673	$	3,724,668	$	5,833,106
Goliad Project		145,390		91,654		369,375		398,632
Burke Hollow Project		572,578		-		1,894,411		-
Channen Project		29,983		-		805,791		-
Salvo Project		4,723		415,566		22,749		969,065
Nichols Project		-		-		13,635		150,000
Anderson Project		-		185,497		74,924		339,390
Workman Creek Project		-		40,346		32,640		47,735
Slick Rock Project		29,910		3,477		116,762		17,196
Yuty Project		26,831		588,548		134,791		588,548
Coronel Oviedo Project		88,210		923,263		433,802		1,829,126
Other Mineral Property Expenditures		173,108		297,965		486,148		734,482
	$	1,827,147	$	4,011,989	$	8,109,696	$	10,907,280