PROPERTY, PLANT AND EQUIPMENT (Tables)

3 Months Ended

Oct. 31, 2014

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

		October 31, 2014							July 31, 2014
				Accumulated			Net Book				Accumulated			Net Book
		Cost		Depreciation			Value		Cost		Depreciation			Value
Hobson Processing Facility	$	7,107,717	$	(639,860	)	$	6,467,857	$	7,107,717	$	(595,169	)	$	6,512,548
Mining Equipment		2,587,206		(1,796,678	)		790,528		2,587,206		(1,678,958	)		908,248
Vehicles		1,855,451		(1,619,869	)		235,582		1,855,451		(1,559,850	)		295,601
Computer Equipment		651,615		(576,411	)		75,204		645,622		(551,633	)		93,989
Furniture and Fixtures		182,568		(170,773	)		11,795		182,568		(163,278	)		19,290
Land		175,144		-			175,144		175,144		-			175,144
Leasehold Improvements		1,242		(787	)		455		1,242		(725	)		517
	$	12,560,943	$	(4,804,378	)	$	7,756,565	$	12,554,950	$	(4,549,613	)	$	8,005,337