PROPERTY, PLANT AND EQUIPMENT (Tables)

9 Months Ended

Apr. 30, 2014

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

				April 30, 2014							July 31, 2013
				Accumulated			Net Book				Accumulated			Net Book
		Cost		Depreciation			Value		Cost		Depreciation			Value
Hobson Processing Facility	$	7,107,717	$	(550,477	)	$	6,557,240	$	7,107,717	$	(416,403	)	$	6,691,314
Mining Equipment		2,530,183		(1,562,347	)		967,836		2,333,572		(1,227,989	)		1,105,583
Vehicles		1,855,451		(1,499,832	)		355,619		1,852,764		(1,334,418	)		518,346
Computer Equipment		651,293		(546,205	)		105,088		648,567		(495,455	)		153,112
Furniture and Fixtures		182,568		(155,783	)		26,785		193,013		(142,001	)		51,012
Land		175,144		-			175,144		175,144		-			175,144
Leasehold Improvements		1,242		(663	)		579		9,970		(9,204	)		766
	$	12,503,598	$	(4,315,307	)	$	8,188,291	$	12,320,747	$	(3,625,470	)	$	8,695,277