PROPERTY, PLANT AND EQUIPMENT

9 Months Ended

Apr. 30, 2015

PROPERTY, PLANT AND EQUIPMENT [Text Block]

NOTE 5: PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consisted of the following:

		April 30, 2015							July 31, 2014
				Accumulated			Net Book				Accumulated			Net Book
		Cost		Depreciation			Value		Cost		Depreciation			Value
Hobson Processing Facility	$	7,107,717	$	(729,241	)	$	6,378,476	$	7,107,717	$	(595,169	)	$	6,512,548
Mining Equipment		2,441,417		(1,952,367	)		489,050		2,587,206		(1,678,958	)		908,248
Logging Equipment and Vehicles		1,962,895		(1,681,803	)		281,092		1,855,451		(1,559,850	)		295,601
Computer Equipment		617,083		(567,146	)		49,937		645,622		(551,633	)		93,989
Furniture and Fixtures		182,801		(176,240	)		6,561		183,810		(164,003	)		19,807
Land		175,144		-			175,144		175,144		-			175,144
	$	12,487,057	$	(5,106,797	)	$	7,380,260	$	12,554,950	$	(4,549,613	)	$	8,005,337