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CAPITAL STOCK (Tables)

3 Months Ended

Oct. 31, 2016

Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]

Schedule of Share Transactions [Table Text Block]

A summary of the Company’s share transactions for the three months ended October 31, 2016 are as follows:

	Common		Value per Share				Issuance
Period / Description	Shares Issued		Low		High		Value
Balance, July 31, 2016		116,670,457
Mineral Property		46,800	$	1.04	$	1.04	$	48,672
Consulting Services		166,926		0.90		1.06		175,908
Options Exercised ⁽²⁾		133,125		0.45		0.45		59,906
Settlement of Current Liabilities		88,822		1.03		1.03		91,488
Shares Issued Under Stock Incentive Plan		292,957		0.93		1.09		291,770
Balance, October 31, 2016		117,399,087

⁽²⁾ 100,000 options were exercised on a forfeiture basis, of which 46,875 shares with issuance value of $21,094 were given up as payment for the exercise price, and 53,125 net shares with issuance value of $23,906 were issued as a consequence of such exercise.

Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]

A summary of share purchase warrants outstanding and exercisable at October 31, 2016 are as follows:

Weighted Average Exercise Price		Number of Warrants Outstanding		Expiry Date	Weighted Average Remaining Contractual Life (Years)
$	1.20		6,594,348	March 10, 2019		2.35
	1.35		2,600,000	January 30, 2020		3.25
	1.95		50,000	June 3, 2018		1.59
	2.35		2,850,000	June 25, 2018		1.65
$	1.51		12,094,348			2.38

Schedule of Share based Compensation Arrangement by Share based Payment Award Options Grants in Period Activity [Table Text Block]

A summary of stock options granted by the Company during the three months ended October 31, 2016, including corresponding grant date fair values and assumptions using the Black Scholes option pricing model is as follows:

Date	Options Issued		Exercise Price		Term (Years)		Fair Value		Expected Life (Years)		Risk-Free Interest Rate			Dividend Yield			Expected Volatility
August 2, 2016		182,500	$	0.93		5.00	$	90,222		2.90		0.78	%		0.00	%		84.14	%
August 12, 2016		190,000		1.12		5.00		106,339		2.90		0.81	%		0.00	%		78.07	%
Total		372,500					$	196,561

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

A continuity schedule of outstanding stock options for the underlying common shares for the three months ended October 31, 2016 is as follows:

	Number of Stock Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)
Balance, July 31, 2016		12,105,858	$	1.34		3.36
Issued		372,500		1.03		4.77
Exercised		(180,000)		0.45		-
Expired		(10,724)		5.13		-
Balance, October 31, 2016		12,287,634	$	1.34		3.21

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]

A summary of stock options outstanding and exercisable at October 31, 2016 is as follows:

	Options Outstanding				Options Exercisable
Range of Exercise Prices	Outstanding at October 31, 2016		Weighted Average Exercise Price		Exercisable at October 31, 2016		Weighted Average Exercise Price
$0.45 to $0.96		2,900,134	$	0.76		1,496,634	$	0.60
$0.97 to $2.45		8,512,500		1.34		7,922,500		1.36
$2.46 to $5.70		875,000		3.29		875,000		3.29
		12,287,634	$	1.34		10,294,134	$	1.42

Schedule Of Stock based Compensation Expense [Table Text Block]

A summary of stock-based compensation expense is as follows:

	Three Months Ended October 31,
	2016		2015
Stock-Based Compensation for Consultants
Common stock issued for consulting services	$	269,132	$	325,595
Stock options issued to consultants		78,272		8,635
		347,404		334,230
Stock-Based Compensation for Management
Common stock issued to management		88,200		15,264
Stock options issued to management		245,019		180,315
		333,219		195,579
Stock-Based Compensation for Employees
Common stock issued to employees		110,346		-
Stock options issued to employees		194,292		96,633
		304,638		96,633
	$	985,261	$	626,442

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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