MINERAL RIGHTS AND PROPERTIES (Tables)

6 Months Ended

Jan. 31, 2013

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

		January 31, 2013			July 31, 2012
Mineral Rights and Properties, Unproven
Palangana Mine	$	7,045,457		$	6,610,453
Goliad Project		8,689,127			8,689,127
Burke Hollow Project		1,313,250			1,313,250
Channen Project		428,164			428,164
Salvo Project		363,645			363,645
Nichols Project		154,774			154,774
Welder Project		182,500			-
Anderson Project		9,154,268			9,154,268
Workman Creek Project		1,287,158			1,187,158
Los Cuatros Project		257,250			257,250
Slick Rock Project		163,213			163,213
Todilto Project		166,720			166,720
Yuty Project		11,947,144			11,947,144
Coronel Oviedo Project		1,133,412			1,133,412
Other Property Acquisitions		868,608			857,119
		43,154,690			42,425,697
Accumulated Depletion		(1,586,402	)		(1,057,495	)
		41,568,288			41,368,202
Databases		2,345,038			2,345,038
Accumulated Amortization		(1,550,581	)		(1,374,484	)
		794,457			970,554
Land Use Agreements		375,155			375,155
Accumulated Amortization		(137,749	)		(118,991	)
		237,406			256,164
	$	42,600,151		$	42,594,920

Schedule of Mineral Property Expenditures [Table Text Block]

		Three Months Ended January 31,				Six Months Ended January 31,
		2013		2012		2013		2012
Mineral Property Expenditures
Palangana Mine	$	1,144,391	$	2,531,871	$	2,968,254	$	4,367,433
Goliad Project		119,983		210,040		223,985		306,978
Burke Hollow Project		218,900		-		1,321,833		-
Channen Project		84,547		-		775,808		-
Salvo Project		165		448,922		18,026		553,499
Nichols Project		-		-		13,635		150,000
Anderson Project		202		34,435		74,924		153,893
Workman Creek Project		1,704		7,389		32,640		7,389
Slick Rock Project		31,842		1,147		86,852		13,719
Yuty Project		16,689		-		107,960		-
Coronel Oviedo Project		145,790		642,496		345,592		905,863
Other Mineral Property Expenditures		141,051		286,390		313,040		436,517
	$	1,905,264	$	4,162,690	$	6,282,549	$	6,895,291