MINERAL RIGHTS AND PROPERTIES (Tables)

9 Months Ended

Apr. 30, 2015

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

		April 30, 2015			July 31, 2014
Mineral Rights and Properties, Unproven
Palangana Mine	$	6,587,135		$	6,664,260
Goliad Project		8,689,127			8,689,127
Burke Hollow Project		1,495,750			1,495,750
Longhorn Project		116,870			116,870
Salvo Project		364,710			364,710
Nichols Project		154,774			154,774
Anderson Project		9,154,268			9,154,268
Workman Creek Project		1,422,008			1,372,008
Los Cuatros Project		257,250			257,250
Slick Rock Project		661,271			661,271
Yuty Project		11,947,144			11,947,144
Coronel Oviedo Project		1,133,412			1,133,412
Other Property Acquisitions		285,740			262,115
		42,269,459			42,272,959
Accumulated Depletion		(3,859,648	)		(3,454,533	)
		38,409,811			38,818,426
Databases		2,405,038			2,405,038
Accumulated Amortization		(2,113,581	)		(1,928,901	)
		291,457			476,137
Land Use Agreements		390,155			390,155
Accumulated Amortization		(225,278	)		(196,019	)
		164,877			194,136
	$	38,866,145		$	39,488,699

Schedule of Mineral Property Expenditures [Table Text Block]

		Three Months Ended April 30,				Nine Months Ended April 30,
		2015		2014		2015		2014
Mineral Property Expenditures
Palangana Mine	$	500,535	$	668,307	$	1,621,391	$	1,975,766
Goliad Project		25,631		419,278		79,924		1,591,309
Burke Hollow Project		94,702		750,907		1,235,250		1,348,976
Longhorn Project		22,276		21,852		52,999		50,552
Salvo Project		16,751		4,358		39,590		5,374
Anderson Project		50,142		45,290		173,564		172,975
Workman Creek Project		-		1,440		31,300		31,651
Slick Rock Project		2,924		10,309		52,708		61,320
Yuty Project		41,274		148,248		301,035		228,997
Coronel Oviedo Project		132,315		457,527		428,077		601,723
Other Mineral Property Expenditures		159,292		211,833		544,403		842,869
	$	1,045,842	$	2,739,349	$	4,560,241	$	6,911,512