AVAILABLE-FOR-SALE SECURITIES

12 Months Ended

Jul. 31, 2012

AVAILABLE-FOR-SALE SECURITIES [Text Block]

NOTE 3: AVAILABLE-FOR-SALE SECURITIES

Available-for-sale securities consist of shares in publicly-traded uranium exploration companies listed on the TSX Venture and Australian Stock Exchanges. For Fiscal 2012, the Company recorded an unrealized loss of $52,753 (Fiscal 2011: unrealized gain of $25,778; Fiscal 2010: unrealized loss of $5,752) in accumulated other comprehensive loss (income) relating to available-for-sale securities.

At July 31, 2012, the fair value of the Company’s available-for-sale securities is as follows:

		Quoted Prices in			Significant			Significant
		Active Markets for			Other Observable			Unobservable
		Identical Assets			Inputs			Inputs
		(Level 1	)		(Level 2	)		(Level 3	)
Available-for-Sale Securities
Strategic Resources Inc.	$	7,777		$	-		$	-
Kaboko Mining Limited (formerly Uran Limited)		34,196			-			-
	$	41,973		$	-		$	-
At July 31, 2011, the fair value of the Company’s available-for-sale securities is as follows:
		Quoted Prices in			Significant			Significant
		Active Markets for			Other Observable			Unobservable
		Identical Assets			Inputs			Inputs
		(Level 1	)		(Level 2	)		(Level 3	)
Available-for-Sale Securities
Strategic Resources Inc.	$	24,490		$	-		$	-
Kaboko Mining Limited (formerly Uran Limited)		54,636			-			-
	$	79,126		$	-		$	-