MINERAL RIGHTS AND PROPERTIES (Tables)

3 Months Ended

Oct. 31, 2014

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

		October 31, 2014			July 31, 2014
Mineral Rights and Properties, Unproven
Palangana Mine	$	6,664,260		$	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		1,372,008			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		262,115			262,115
		42,272,959			42,272,959
Accumulated Depletion		(3,664,286	)		(3,454,533	)
		38,608,673			38,818,426
Databases		2,405,038			2,405,038
Accumulated Amortization		(1,990,461	)		(1,928,901	)
		414,577			476,137
Land Use Agreements		390,155			390,155
Accumulated Amortization		(205,772	)		(196,019	)
		184,383			194,136
	$	39,207,633		$	39,488,699

Schedule of Mineral Property Expenditures [Table Text Block]

		Three Months Ended October 31,
		2014		2013
Mineral Property Expenditures
Palangana Mine	$	432,660	$	671,582
Goliad Project		34,257		144,971
Burke Hollow Project		980,567		174,298
Longhorn Project		11,246		8,244
Salvo Project		20,800		789
Anderson Project		94,172		84,161
Workman Creek Project		31,300		28,971
Slick Rock Project		49,784		49,025
Yuty Project		218,889		17,825
Coronel Oviedo Project		144,584		84,151
Other Mineral Property Expenditures		241,872		324,126
	$	2,260,131	$	1,588,143