XML 43 R29.htm IDEA: XBRL DOCUMENT v3.7.0.1
RESTATEMENT (Tables)
 12 Months Ended
Oct. 31, 2013
Restated [Member]  
Schedule of Restated Financial Statements
The Company's previously issued 2013 financial statements have been restated to correct an error regarding an overstatement of accounts payable and accrued expenses in the amount of $230,390. The effect of the corrections to the 2013 financial statements is detailed as follows:

   
As previously reported
Correction
Restated
  
Accounts payable and accrued expenses
  
$
402,738
    
$ 
(230,390
)
  
$
172,348
  
                         
Exploration expenses fiscal 2013
  
$
1,475,593
    
$ 
(232,885
)
  
$
1,242,708
  
                         
Exploration expenses period from inception to 10/31/2013
  
$
6,912,507
    
$ 
(232,885
)
  
$
6,679,622
  
                         
Foreign currency exchange gain fiscal 2013
  
$
598,482
    
$ 
(2,495
)
  
$
595,987
  
                         
Foreign currency exchange gain period from inception to 10/31/2013
  
$
398,730
    
$ 
(2,495
)
  
$
396,235
  
                         
Net income /(loss) effect fiscal 2013
    
(1,289,689
)
    
230,390
      
(1,059,299
)
                         
Net income /(loss) effect from inception to 10/31/2013
    
(10,669,565
)
    
230,390
      
(10,439,175
)