MINERAL RIGHTS AND PROPERTIES (Tables)

3 Months Ended

Oct. 31, 2013

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

		October 31, 2013			July 31, 2013
Mineral Rights and Properties, Unproven
Palangana Mine	$	7,045,457		$	7,045,457
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		364,710			363,645
Nichols Project		154,774			154,774
Anderson Project		9,154,268			9,154,268
Workman Creek Project		1,287,158			1,287,158
Los Cuatros Project		257,250			257,250
Slick Rock Project		171,271			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		1,081,848			1,067,148
		43,194,553			43,170,730
Impairment of Mineral Rights and Properties		(28,891	)		-
		43,165,662			43,170,730
Accumulated Depletion		(2,623,879	)		(2,278,053	)
		40,541,783			40,892,677
Databases		2,405,038			2,345,038
Accumulated Amortization		(1,743,895	)		(1,685,011	)
		661,143			660,027
Land Use Agreements		390,155			390,155
Accumulated Amortization		(166,760	)		(157,007	)
		223,395			233,148
	$	41,426,321		$	41,785,852

Schedule of Mineral Property Expenditures [Table Text Block]

		Three Months Ended October 31,
		2013		2012
Mineral Property Expenditures
Palangana Mine	$	671,582	$	1,823,863
Goliad Project		144,971		104,002
Burke Hollow Project		174,298		1,102,932
Channen Project		465		691,262
Anderson Project		84,161		74,722
Workman Creek Project		28,971		30,936
Slick Rock Project		49,025		55,010
Yuty Project		17,825		91,270
Coronel Oviedo Project		84,151		199,801
Other Mineral Property Expenditures		332,694		203,487
	$	1,588,143	$	4,377,285