MINERAL RIGHTS AND PROPERTIES (Tables)

6 Months Ended

Jan. 31, 2014

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

		January 31, 2014			July 31, 2013
Mineral Rights and Properties, Unproven
Palangana Mine	$	6,664,260		$	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		1,109,825			1,067,148
		42,841,333			43,170,730
Impairment of Mineral Rights and Properties		(28,891	)		-
		42,812,442			43,170,730
Accumulated Depletion		(2,963,499	)		(2,278,053	)
		39,848,943			40,892,677
Databases		2,405,038			2,345,038
Accumulated Amortization		(1,805,779	)		(1,685,011	)
		599,259			660,027
Land Use Agreements		390,155			390,155
Accumulated Amortization		(176,513	)		(157,007	)
		213,642			233,148
	$	40,661,844		$	41,785,852

Schedule of Mineral Property Expenditures [Table Text Block]

		Three Months Ended January 31,				Six Months Ended January 31,
		2014		2013		2014		2013
Mineral Property Expenditures
Palangana Mine	$	635,877	$	1,144,391	$	1,307,459	$	2,968,254
Goliad Project		1,027,060		119,983		1,172,031		223,985
Burke Hollow Project		423,771		218,900		598,069		1,321,833
Channen Project		44		84,547		509		775,808
Anderson Project		43,524		202		127,685		74,924
Workman Creek Project		1,240		1,704		30,211		32,640
Slick Rock Project		1,986		31,842		51,011		86,852
Yuty Project		62,924		16,689		80,749		107,960
Coronel Oviedo Project		60,045		145,790		144,196		345,592
Other Mineral Property Expenditures		327,549		141,216		660,243		344,701
	$	2,584,020	$	1,905,264	$	4,172,163	$	6,282,549