RECLAMATION DEPOSITS

9 Months Ended

Apr. 30, 2014

RECLAMATION DEPOSITS [Text Block]

NOTE 6: RECLAMATION DEPOSITS

Reclamation deposits include interest and non-interest bearing deposits issued in the States of Arizona, Texas and Wyoming relating to exploration, pre-extraction, extraction and processing activities in the respective states. Reclamation deposits consist of the following:

		April 30, 2014		July 31, 2013
Palangana Mine	$	3,692,076	$	3,627,562
Hobson Processing Facility		1,927,218		1,910,494
Mount Lucas		391,585		472,823
Arizona		15,000		15,000
Wyoming		815		814
		6,026,694		6,026,693
Interest		15,367		14,216
	$	6,042,061	$	6,040,909