PROPERTY, PLANT AND EQUIPMENT (Tables)

6 Months Ended

Jan. 31, 2014

Schedule of Property, Plant and Equipment [Table Text Block]

		January 31, 2014							July 31, 2013
				Accumulated			Net Book				Accumulated			Net Book
		Cost		Amortization			Value		Cost		Amortization			Value
Hobson Processing Facility	$	7,107,717	$	(505,786	)	$	6,601,931	$	7,107,717	$	(416,403	)	$	6,691,314
Mining Equipment		2,528,194		(1,449,125	)		1,079,069		2,333,572		(1,227,989	)		1,105,583
Vehicles		1,839,927		(1,440,589	)		399,338		1,852,764		(1,334,418	)		518,346
Computer Equipment		620,193		(521,329	)		98,864		648,567		(495,455	)		153,112
Furniture and Fixtures		182,567		(147,708	)		34,859		193,013		(142,001	)		51,012
Land		175,144		-			175,144		175,144		-			175,144
Leasehold Improvements		1,242		(600	)		642		9,970		(9,204	)		766
	$	12,454,984	$	(4,065,137	)	$	8,389,847	$	12,320,747	$	(3,625,470	)	$	8,695,277