MINERAL RIGHTS AND PROPERTIES (Tables)

9 Months Ended

Apr. 30, 2014

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

		April 30, 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
Salvo Project		364,710			363,645
Nichols Project		154,774			154,774
Anderson Project		9,154,268			9,154,268
Workman Creek Project		1,372,008			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		1,080,934			1,067,148
		42,469,128			43,170,730
Accumulated Depletion		(3,209,016	)		(2,278,053	)
		39,260,112			40,892,677
Databases		2,405,038			2,345,038
Accumulated Amortization		(1,867,341	)		(1,685,011	)
		537,697			660,027
Land Use Agreements		390,155			390,155
Accumulated Amortization		(186,266	)		(157,007	)
		203,889			233,148
	$	40,001,698		$	41,785,852

Schedule of Mineral Property Expenditures [Table Text Block]

		Three Months Ended April 30,				Nine Months Ended April 30,
		2014		2013		2014		2013
Mineral Property Expenditures
Palangana Mine	$	668,307	$	756,414	$	1,975,766	$	3,724,668
Goliad Project		419,278		145,390		1,591,309		369,375
Burke Hollow Project		750,907		572,578		1,348,976		1,894,411
Channen Project		219		29,983		728		805,791
Anderson Project		45,290		-		172,975		74,924
Workman Creek Project		1,440		-		31,651		32,640
Slick Rock Project		10,309		29,910		61,320		116,762
Yuty Project		148,248		26,831		228,997		134,791
Coronel Oviedo Project		457,527		88,210		601,723		433,802
Other Mineral Property Expenditures		237,824		177,831		898,067		522,532
	$	2,739,349	$	1,827,147	$	6,911,512	$	8,109,696