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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jan. 31, 2016
Jul. 31, 2015
CURRENT ASSETS    
Cash and cash equivalents $ 2,406,123 $ 10,092,408
Inventories 251,999 251,999
Prepaid expenses and deposits 612,873 444,500
Other current assets 18,975 18,711
Total Current Assets 3,289,970 10,807,618
MINERAL RIGHTS AND PROPERTIES 38,222,501 38,437,967
PROPERTY, PLANT AND EQUIPMENT 6,763,965 6,948,647
RECLAMATION DEPOSITS 1,706,026 1,706,025
Total Assets 49,982,462 57,900,257
CURRENT LIABILITIES    
Accounts payable and accrued liabilities 1,902,821 2,538,544
Due to related parties 62,125 14,660
Current portion of long-term debt 11,666,667 1,666,667
Current portion of asset retirement obligations 0 340,827
Total Current Liabilities 13,631,613 4,560,698
DEFERRED INCOME TAX LIABILITIES 661,534 676,064
LONG-TERM DEBT 7,874,201 18,090,811
ASSET RETIREMENT OBLIGATIONS 3,874,345 3,586,019
Total Liabilities 26,041,693 26,913,592
STOCKHOLDERS' EQUITY    
Capital stock Common stock $0.001 par value: 750,000,000 shares authorized, 100,229,880 shares issued and outstanding (July 31, 2015 - 97,834,087) 100,232 97,841
Additional paid-in capital 225,753,199 222,927,529
Accumulated deficit (201,897,613) (192,024,074)
Accumulated other comprehensive loss (15,049) (14,631)
Total Stockholders' Equity 23,940,769 30,986,665
Total Liabilities and Stockholders' Equity $ 49,982,462 $ 57,900,257