AVAILABLE-FOR-SALE SECURITIES

12 Months Ended

Jul. 31, 2012

AVAILABLE-FOR-SALE SECURITIES [Text Block]

NOTE 3: AVAILABLE-FOR-SALE SECURITIES

Available-for-sale securities consist of shares in publicly-traded uranium exploration companies listed on the TSX Venture and Australian Stock Exchanges. For Fiscal 2012, the Company recorded an unrealized loss of $52,753 (Fiscal 2011: unrealized gain of $25,778 ; Fiscal 2010: unrealized loss of $5,752) in accumulated other comprehensive loss (income) relating to available-for-sale securities.

At July 31, 2012, the fair value of the Company’s available-for-sale securities is as follows:

		Quoted Prices in		Significant		Significant
		Active Markets for		Other Observable		Unobservable
		Identical Assets		Inputs		Inputs
		(Level 1)		(Level 2)		(Level 3)
Available-for-Sale Securities
Strategic Resources Inc.	$	7,777	$	-	$	-
Kaboko Mining Limited (formerly Uran Limited)		34,196		-		-
	$	41,973	$	-	$	-

At July 31, 2011, the fair value of the Company’s available-for-sale securities is as follows:

		Quoted Prices in		Significant		Significant
		Active Markets for		Other Observable		Unobservable
		Identical Assets		Inputs		Inputs
		(Level 1)		(Level 2)		(Level 3)
Available-for-Sale Securities
Strategic Resources Inc.	$	24,490	$	-	$	-
Kaboko Mining Limited (formerly Uran Limited)		54,636		-		-
	$	79,126	$	-	$	-