PROPERTY, PLANT AND EQUIPMENT (Tables)

12 Months Ended

Jul. 31, 2014

Schedule of Property, Plant and Equipment [Table Text Block]

				July 31, 2014							July 31, 2013
				Accumulated			Net Book				Accumulated			Net Book
		Cost		Depreciation			Value		Cost		Depreciation			Value
Hobson Processing Facility	$	7,107,717	$	(595,169	)	$	6,512,548	$	7,107,717	$	(416,403	)	$	6,691,314
Mining Equipment		2,587,206		(1,678,958	)		908,248		2,333,572		(1,227,989	)		1,105,583
Vehicles		1,855,451		(1,559,850	)		295,601		1,852,764		(1,334,418	)		518,346
Computer Equipment		645,622		(551,633	)		93,989		648,567		(495,455	)		153,112
Furniture and Fixtures		182,568		(163,278	)		19,290		193,013		(142,001	)		51,012
Land		175,144		-			175,144		175,144		-			175,144
Leasehold Improvements		1,242		(725	)		517		9,970		(9,204	)		766
	$	12,554,950	$	(4,549,613	)	$	8,005,337	$	12,320,747	$	(3,625,470	)	$	8,695,277