Silver Bull Resources (SVBL) 10-Q 13 Mar 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Jan. 31, 2015	Mar. 13, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	31-Jan-15
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Entity Registrant Name	SILVER BULL RESOURCES, INC.
Entity Central Index Key	1031093
Current Fiscal Year End Date	-21
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		159,072,657

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Jan. 31, 2015	Oct. 31, 2014
CURRENT ASSETS
Cash and cash equivalents	$2,561,395	$1,879,318
Value-added tax receivable, net of allowance for uncollectible taxes of $106,077 and $116,274 respectively (Note 6)	161,002	163,032
Income tax receivable	3,763	2,027
Other receivables	25,615	28,637
Prepaid expenses and deposits	187,216	219,717
Assets of discontinued operations held for sale (Note 4)		1,281,518
Total Current Assets	2,938,991	3,574,249
Office and mining equipment, net (Note 7)	345,442	363,519
Property concessions (Note 8)	5,563,263	5,563,263
Goodwill (Note 9)	18,495,031	18,495,031
TOTAL ASSETS	27,342,727	27,996,062
CURRENT LIABILITIES
Accounts payable	207,763	253,419
Accrued liabilities and expenses	388,949	354,792
Income tax payable	12,000	10,000
Liabilities of discontinued operations held for sale (Note 4)		8,894
Total Current Liabilities	608,712	627,105
COMMITMENTS AND CONTINGENCIES (Notes 1, 10 and 14)
STOCKHOLDERS' EQUITY (Notes 10, 11 and 12)
Common stock, $0.01 par value; 300,000,000 shares authorized, 159,072,657 and 159,072,657 shares issued and outstanding, respectively	1,590,726	1,590,726
Additional paid-in capital	124,952,339	124,921,150
Deficit accumulated during exploration stage	-100,024,748	-99,301,107
Other comprehensive income	215,698	158,188
Total Stockholders' Equity	26,734,015	27,368,957
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$27,342,727	$27,996,062

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Jan. 31, 2015	Oct. 31, 2014
CONDENSED CONSOLIDATED BALANCE SHEETS [Abstract]
Allowance for uncollectible taxes, current	$106,077	$116,274
Common stock, par value	$0.01	$0.01
Common stock, shares authorized	300,000,000	300,000,000
Common stock, shares issued	159,072,657	159,072,657
Common stock, shares outstanding	159,072,657	159,072,657

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (USD $)	3 Months Ended
	Jan. 31, 2015	Jan. 31, 2014
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS [Abstract]
REVENUES
EXPLORATION AND PROPERTY HOLDING COSTS
Exploration and property holding costs	272,097	484,992
Depreciation and asset impairment	17,632	31,628
TOTAL EXPLORATION AND PROPERTY HOLDING COSTS	289,729	516,620
GENERAL AND ADMINISTRATIVE EXPENSES
Personnel	154,050	180,943
Office and administrative	160,259	176,134
Professional services	100,382	100,735
Directors' fees	56,043	58,555
(Recovery of) provision for uncollectible value-added taxes	-250	8,262
Depreciation	445	917
TOTAL GENERAL AND ADMINISTRATIVE EXPENSES	470,929	525,546
LOSS FROM OPERATIONS	-760,658	-1,042,166
OTHER (EXPENSES) INCOME
Interest and investment income	258	2,429
Foreign currency transaction loss	-98,762	-15,271
Miscellaneous income		43,285
TOTAL OTHER (EXPENSES) INCOME	-98,504	30,443
LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAX EXPENSE	-859,162	-1,011,723
INCOME TAX EXPENSE	1,571	3,547
LOSS FROM CONTINUING OPERATIONS	-860,733	-1,015,270
Loss from discontinued operations, net of income taxes (Note 4)	-159,277	-62,119
Gain on sale of assets of discontinued operations, net of income taxes (Note 4)	296,369
NET LOSS	-723,641	-1,077,389
OTHER COMPREHENSIVE INCOME (LOSS)
Foreign currency translation adjustments	50,347	-1,100
Realized foreign currency translation gain on sale of assets of discontinued operations (Note 4)	7,163
TOTAL OTHER COMPREHENSIVE INCOME (LOSS)	57,510	-1,100
COMPREHENSIVE LOSS	($666,131)	($1,078,489)
BASIC AND DILUTED NET LOSS PER COMMON SHARE
Loss from continuing operations		($0.01)
Loss from discontinued operations
Net loss		($0.01)
BASIC AND DILUTED WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING	159,072,657	159,072,657

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (USD $)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Deficit Accumulated During Exploration Stage [Member]	Other Comprehensive Income [Member]
Balance at Oct. 31, 2014	$27,368,957	$1,590,726	$124,921,150	($99,301,107)	$158,188
Balance, shares at Oct. 31, 2014	159,072,657	159,072,657
Stock option activity as follows:
Stock based compensation for options issued to officers, employees, consultants and directors	31,189		31,189
Other Comprehensive Income - Foreign Currency Translation Adjustment	57,510				57,510
Net loss	-723,641			-723,641
Balance at Jan. 31, 2015	$26,734,015	$1,590,726	$124,952,339	($100,024,748)	$215,698
Balance, shares at Jan. 31, 2015	159,072,657	159,072,657

CONDENSED_CONSOLIDATED_STATEME2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
	Jan. 31, 2015		Jan. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	($723,641)		($1,077,389)
Adjustments to reconcile net loss to net cash used by operating activities:
Depreciation and asset impairment	21,383		36,223
(Recovery of) provision for uncollectible value-added taxes	-250		8,262
Gain on sale of assets of discontinued operations (Note 4)	-296,369
Other income			-40,977
Foreign currency transaction loss	172,002		7,169
Stock options issued for compensation	31,189		64,011
Changes in operating assets and liabilities:
Value-added tax receivable	-13,453		-6,145
Income taxes receivable	-2,003
Other receivables	855		19,210
Prepaid expenses and deposit	30,788		34,604
Accounts payable	-53,119		-207,590
Accrued liabilities and expenses	71,484		54,480
Income tax payable	2,000		6,180
Net cash used by operating activities	-759,134		-1,101,962
CASH FLOWS FROM INVESTING ACTIVITIES:
Other assets	80,238
Proceeds from sale of equipment			83,960
Net proceeds from sale of discontinued operations (Note 4)	1,373,846
Net cash provided by investing activities	1,454,084		83,960
CASH FLOWS FROM FINANCING ACTIVITIES:
Net cash provided by financing activities
Effect of exchange rates on cash and cash equivalents	-19,724		12,836
Net increase (decrease) in cash and cash equivalents	675,226		-1,005,166
Cash and cash equivalents beginning of period	1,886,169	[1]	5,251,003
Cash and cash equivalents end of period	2,561,395		4,245,837
SUPPLEMENTAL CASH FLOW DISCLOSURES:
Income taxes paid	1,541
Interest paid
[1]	Cash and cash equivalents at October 31, 2014 included $6,851 recognized in assets of discontinued operations held for sale.

CONDENSED_CONSOLIDATED_STATEME3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) (USD $)	Jan. 31, 2015	Oct. 31, 2014
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS [Abstract]
Discontinued operations, cash and cash equivalents		$6,851

ORGANIZATION_DESCRIPTION_OF_BU

ORGANIZATION, DESCRIPTION OF BUSINESS AND LIQUIDITY	3 Months Ended
	Jan. 31, 2015
ORGANIZATION, DESCRIPTION OF BUSINESS AND LIQUIDITY [Abstract]
ORGANIZATION, DESCRIPTION OF BUSINESS AND LIQUIDITY	NOTE 1 – ORGANIZATION, DESCRIPTION OF BUSINESS AND LIQUIDITY
	Silver Bull Resources, Inc. (the “Company”) was incorporated in the State of Nevada on November 8, 1993 as the Cadgie Company for the purpose of acquiring and developing mineral properties. The Cadgie Company was a spin-off from its predecessor, Precious Metal Mines, Inc. On June 28, 1996, the Company's name was changed to Metalline Mining Company. On April 21, 2011, the Company's name was changed to Silver Bull Resources, Inc. The Company's fiscal year-end is October 31. The Company has not realized any revenues from its planned operations and is considered an Exploration Stage Company. The Company has not established any reserves with respect to its exploration projects and may never enter into the development stage with respect to any of its projects.
	The Company engages in the business of mineral exploration. The Company currently owns or has the option to acquire a number of property concessions in Mexico (collectively known as the “Sierra Mojada Property”). The Company conducts its operations in Mexico through its wholly-owned subsidiary corporations, Minera Metalin S.A. de C.V. (“Minera”) and Contratistas de Sierra Mojada S.A. de C.V. (“Contratistas”) and through Minera's wholly-owned subsidiary Minas de Coahuila SBR S.A. de C.V. (“Minas”).
	On April 16, 2010, Metalline Mining Delaware, Inc., a wholly-owned subsidiary of the Company, was merged with and into Dome Ventures Corporation (“Dome”).  As a result, Dome became a wholly-owned subsidiary of the Company. Dome has a wholly-owned subsidiary Dome Asia Inc. (“Dome Asia”), which is incorporated in the British Virgin Islands. Dome Asia has a wholly-owned subsidiary incorporated in Gabon, African Resources SARL Gabon (“African Resources”), as well as a 99.99%-owned subsidiary, Dome Minerals Nigeria Limited, incorporated in Nigeria. In January 2015 the Company completed the sale of its subsidiary Dome International Global Inc. (“Dome International”) including Dome International's wholly-owned subsidiary Dome Ventures SARL Gabon (“Dome Gabon”) which held the Ndjole Prospect in Gabon (Note 4).
	The Company's efforts have been concentrated in expenditures related to exploration properties, principally in the Sierra Mojada Property located in Coahuila, Mexico. The Company has not determined whether its exploration properties contain ore reserves that are economically recoverable. The ultimate realization of the Company's investment in exploration properties is dependent upon the success of future property sales, the existence of economically recoverable reserves, and the ability of the Company to obtain financing or make other arrangements for exploration, development, and future profitable production activities. The ultimate realization of the Company's investment in exploration properties cannot be determined at this time. Accordingly, no provision for any asset impairment that may result, in the event the Company is not successful in developing or selling these properties, has been made in the accompanying condensed consolidated financial statements.
	Liquidity, Financial Commitments and Management's Plans
	Since its inception in November 1993, the Company has not generated revenue and has incurred a deficit of $100,024,748.  Accordingly, the Company has not generated cash flow from operations, and since inception the Company has relied primarily upon proceeds from private placements and registered direct offerings of the Company's equity securities and warrant exercises as the primary sources of financing to fund the Company's operations. As of January 31, 2015, the Company had working capital of $2,330,279 and cash and cash equivalents of $2,561,395. Management will continue to evaluate the Company's ability to raise additional capital, and if it determines that additional capital is unavailable or available on terms that the Company determines are unacceptable then the Company will reduce exploration expenditures on the Company's property concessions and reduce general and administrative expenditures.

BASIS_OF_PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Jan. 31, 2015
BASIS OF PRESENTATION [Abstract]
BASIS OF PRESENTATION	NOTE 2 – BASIS OF PRESENTATION
	The Company's unaudited interim condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) and applicable rules of the U.S. Securities and Exchange Commission (“SEC”) regarding interim reporting. All intercompany transactions and balances have been eliminated during consolidation. Certain information and note disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. The condensed consolidated balance sheet at October 31, 2014 was derived from the audited consolidated financial statements. Accordingly, these unaudited interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto contained in the Company's Annual Report on Form 10-K for the year ended October 31, 2014.
	The unaudited interim condensed consolidated financial statements have been prepared on the same basis as the audited consolidated financial statements, except as disclosed in Note 3. In the opinion of management, these unaudited interim condensed consolidated financial statements furnished herein include all adjustments, all of which are of a normal recurring nature, necessary for a fair statement of the results for the interim periods presented. Uncertainties with respect to estimates and assumptions are inherent in the preparation of the Company's condensed consolidated financial statements; accordingly, operating results for the three months ended January 31, 2015 are not necessary indicative of the results that may be expected for the fiscal year ending October 31, 2015.

SIGNIFICANT_ACCOUNTING_POLICIE

SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Jan. 31, 2015
SIGNIFICANT ACCOUNTING POLICIES [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	NOTE 3 – SIGNIFICANT ACCOUNTING POLICIES
	The significant accounting policies are defined in the Company's Form 10-K for the year ended October 31, 2014 filed on January 26, 2015, except as follows.
	Recent Accounting Pronouncements Adopted in the Three Month Period Ended January 31, 2015
	Effective November 1, 2014, the Company adopted Accounting Standards Update (“ASU”) 2013-11, “Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carry Forward, a Similar Tax Loss, or a Tax Credit Carry Forward Exists.” The updated guidance requires an entity to net its unrecognized tax benefits against the deferred tax assets for all same jurisdiction net operating loss carry forwards, a similar tax loss, or tax credit carry forwards. A gross presentation will be required only if such carry forwards are not available or would not be used by the entity to settle any additional income taxes resulting from disallowance of the uncertain tax provision. The adoption of this update did not have a material impact on the Company's financial position, results of operations or cash flows and disclosures at this time.
	Effective November 1, 2014, the Company adopted ASU 2013-05, “Foreign Currency Matters (Topic 830): Parent's Accounting for the Cumulative Translation Adjustment.” The updated standard clarifies the applicable guidance for a parent company's accounting for the release of the cumulative translation adjustment into net income upon derecognition of certain subsidiaries or groups of assets within a foreign entity or of an investment in a foreign entity. The adoption of this update did not have a material impact on the Company's financial position, results of operations or cash flows and disclosures at this time.
	Recent Accounting Pronouncements Not Yet Adopted
	In April 2014, the Financial Accounting Standards Board (“FASB”) issued ASU 2014-08, “Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity.” Under ASU 2014-08, only disposals of a component or group of components of an entity representing a strategic shift that has (or will have) a major effect on an entity's operations and financial results are presented as discontinued operations. In addition, ASU 2014-08 requires expanded disclosures about discontinued operations that will provide additional information about the assets, liabilities, income, and expenses of discontinued operations. ASU 2014-08 also requires disclosure of the pre-tax income attributable to a disposal of a significant part of an organization that does not qualify for discontinued operations reporting. The update is effective prospectively for fiscal years, and interim periods within those years, beginning after December 15, 2014. The Company has not determined the effects of this update on the Company's financial position, result of operations or cash flows and disclosures at this time.
	In May 2014, the FASB issued ASU 2014-09, "Revenue from Contracts with Customers." The updated guidance provides a five-step approach to be applied to all contracts with customers and also requires expanded disclosures about revenue recognition. The update is effective for annual periods ending after December 15, 2016, and interim periods within annual periods beginning after December 15, 2016. Early application is permitted. The Company has not determined the effects of this update on the Company's financial position, result of operations or cash flows and disclosures at this time.
	In August 2014, the FASB issued ASU 2014-15, Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an entity's ability to continue as a going concern. ASU 2014-15 is intended to define management's responsibility to evaluate whether there is substantial doubt about an organization's ability to continue as a going concern and to provide related footnote disclosures. The update provides guidance to an organization's management, with principles and definitions that are intended to reduce diversity in the timing and content of disclosures that are commonly provided by organizations today in the financial statement footnotes. The amendments are effective for annual periods beginning after December 15, 2016, and interim periods within annual periods beginning after December 15, 2016. Early application is permitted. The Company has not determined the effects of this update on the Company's financial position, result of operations or cash flows and disclosures at this time.
	Other recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force) and the SEC did not or are not believed to have a material impact on the Company's present or future consolidated financial statements.

DISCONTINUED_OPERATIONS

DISCONTINUED OPERATIONS	3 Months Ended
	Jan. 31, 2015
DISCONTINUED OPERATIONS [Abstract]
DISCONTINUED OPERATIONS	NOTE 4 – DISCONTINUED OPERATIONS
	On January 23, 2015, the Company closed the sale of 100% of the issued and outstanding securities of the Company's former subsidiary Dome International, which holds, indirectly, a 100% interest in and to the Ndjole concession to BHK Mining Corp. (formerly BHK Resources, Inc.) (“BHK”). Under the terms of the share purchase agreement, the Company received cash consideration of $1,500,000 and reimbursement of the Company's expenses of $75,000 in cash. In addition the Company incurred transaction costs of $201,154. As a result of this transaction, the Company realized a gain on the sale of assets of discontinued operation of $296,369, net of income taxes.
	The following table details selected financial information included in the income (loss) from discontinued operations for the three months ended January 31, 2015 and 2014.
				For the Three Months Ended
				January 31,
				2015				2014
	Exploration and property holding costs				85,542				53,042
	Depreciation and asset impairment				3,305				3,677
	Foreign currency transaction loss				70,430				5,400
	Gain on sale of discontinued operations, net of taxes				-296,369				—
	(Income) loss from discontinued operations, net of income taxes			$	-137,092			$	62,119
	The major classes of assets and liabilities of Dome International and Dome Gabon presented as assets held for sale in the consolidated balance sheets are as follows:
			January 31,				October 31,
			2015				2014
	Assets
	Cash and cash equivalents	$	—			$	6,851
	Restricted cash		—				1,417
	Value-added tax receivable		—				8,053
	Prepaid expenses and deposits		—				6,796
	Other assets		—				80,238
	Office and mining equipment, net		—				9,536
	Property concession		—				1,168,627
	Total assets of discontinued operations held for sale	$	—			$	1,281,518
	Liabilities
	Accounts payable				$	—				$	8,894
	Total liabilities of discontinued operations held for sale				$	—				$	8,894

LOSS_PER_SHARE

LOSS PER SHARE	3 Months Ended
	Jan. 31, 2015
LOSS PER SHARE [Abstract]
LOSS PER SHARE	NOTE 5 – LOSS PER SHARE
	The Company had stock options and warrants to purchase common stock in the aggregate of 11,288,808 shares and 21,805,644 shares outstanding at January 31, 2015 and January 31, 2014, respectively. They were not included in the calculation of loss per share because they would have been considered anti-dilutive.

VALUEADDED_TAX_RECEIVABLE

VALUE-ADDED TAX RECEIVABLE	3 Months Ended
	Jan. 31, 2015
VALUE-ADDED TAX RECEIVABLE [Abstract]
VALUE-ADDED TAX RECEIVABLE	NOTE 6 – VALUE-ADDED TAX RECEIVABLE
	Value-added tax (“VAT”) receivable relates to VAT paid in Mexico and Gabon. The Company estimates net VAT of $161,002 will be received within twelve months of the balance sheet date. The allowance for uncollectible VAT taxes was estimated by management based upon a number of factors including the length of time the returns have been outstanding, responses received from tax authorities, general economic conditions in Mexico and Gabon and estimated net recovery after commissions. During the three months ended January 31, 2015, a recovery of uncollectible VAT of $250 has been recorded.
	A summary of the changes in the allowance for uncollectible VAT taxes for the three months ended January 31, 2015 is as follows:
	Allowance for uncollectible VAT taxes – October 31, 2014	$	116,274
	Recovery of uncollectible VAT Taxes		(250	)
	Foreign currency translation adjustment		(9,947	)
	Allowance for uncollectible VAT taxes – January 31, 2015	$	106,077

OFFICE_AND_MINING_EQUIPMENT

OFFICE AND MINING EQUIPMENT	3 Months Ended
	Jan. 31, 2015
OFFICE AND MINING EQUIPMENT [Abstract]
OFFICE AND MINING EQUIPMENT	NOTE 7 – OFFICE AND MINING EQUIPMENT
	The following is a summary of the Company's office and mining equipment at January 31, 2015 and October 31, 2014, respectively:
		January 31,			October 31,
		2015			2014
	Mining equipment	$	504,451		$	504,451
	Vehicles		81,261			81,261
	Buildings and structures		191,966			191,966
	Computer equipment and software		84,989			84,989
	Well equipment		39,637			39,637
	Office equipment		52,931			52,931
			955,235			955,235
	Less:  Accumulated depreciation		(609,793	)		(591,716	)
		$	345,442		$	363,519

PROPERTY_CONCESSIONS

PROPERTY CONCESSIONS	3 Months Ended
	Jan. 31, 2015
PROPERTY CONCESSIONS [Abstract]
PROPERTY CONCESSIONS	NOTE 8 – PROPERTY CONCESSIONS
	The following is a summary of the Company's property concessions in Sierra Mojada, Mexico as at January 31, 2015 and October 31, 2014, respectively:
	Property Concessions – October 31, 2014	$	5,563,263
	Property Concessions – January 31, 2015	$	5,563,263

GOODWILL

GOODWILL	3 Months Ended
	Jan. 31, 2015
GOODWILL [Abstract]
GOODWILL	NOTE 9 – GOODWILL
	Goodwill represents the excess, at the date of acquisition, of the purchase price of the business acquired over the fair value of the net tangible and intangible assets acquired.  At October 31, 2014 the Company did not elect to perform a qualitative assessment to determine whether it is more likely than not that the fair value of the reporting unit is less than its carrying amount and therefore performed the two-step goodwill impairment test. Based on this test the Company determined the fair value of the reporting unit exceeded the carrying amount and no impairment was necessary. The Company performs its annual goodwill impairment tests at April 30th of each fiscal year.
	The following is a summary of the Company's goodwill balance as at January 31, 2015 and October 31, 2014, respectively:
	Goodwill – October 31, 2014	$	18,495,031
	Goodwill – January 31, 2015	$	18,495,031

SHAREHOLDER_RIGHTS_PLAN

SHAREHOLDER RIGHTS PLAN	3 Months Ended
	Jan. 31, 2015
SHAREHOLDER RIGHTS PLAN [Abstract]
SHAREHOLDER RIGHTS PLAN	NOTE 10 – SHAREHOLDER RIGHTS PLAN
	On June 11, 2007, the Board of Directors adopted a Shareholders' Right Plan through the adoption of a Rights Agreement, which became effective immediately.  In connection with the adoption of the Rights Agreement, the Board of Directors declared a distribution of one Right for each outstanding share of the Company's common stock, payable to shareholders of record at the close of business on June 22, 2007.  In accordance with the Rights Plan, one Right is attached to each share of Company common stock issued since that date.  Each Right is attached to the underlying common stock and will remain with the common stock if the stock is sold or transferred.  As of January 31, 2015, there are 159,072,657 shares outstanding with Rights attached.
	In certain circumstances, in the event that any person acquires beneficial ownership of 20% or more of the outstanding shares of the Company's common stock, each holder of a Right, other than the acquirer, would be entitled to receive, upon payment of the purchase price, which is initially set at $20 per Right, a number of shares of the Company's common stock having a value equal to two times such purchase price.  The Rights will expire on June 11, 2017.

COMMON_STOCK

COMMON STOCK	3 Months Ended
	Jan. 31, 2015
COMMON STOCK [Abstract]
COMMON STOCK	NOTE 11 - COMMON STOCK
	No common stock was issued during the three months ended January 31, 2015 and January 31, 2014.

STOCK_OPTIONS

STOCK OPTIONS	3 Months Ended
	Jan. 31, 2015
STOCK OPTIONS [Abstract]
STOCK OPTIONS	NOTE 12 - STOCK OPTIONS
	The Company has two active stock option plans. Under the 2006 Stock Option Plan (the “2006 Plan”), the Company may grant non-statutory and incentive options to employees, directors and consultants for up to a total of 5,000,000 shares of common stock. Under the 2010 Stock Option and Stock Bonus Plan (the “2010 Plan”), the lesser of (i) 30,000,000 shares or (ii) 10% of the total shares outstanding are reserved for issuance upon the exercise of options or the grant of stock bonuses.
	Options are typically granted with an exercise price equal to the closing market price of the Company's stock at the date of grant, have a graded vesting schedule over approximately 1 to 2 years and have a contractual term of 2 to 10 years.
	No options were granted or exercised during the three months ended January 31, 2015 and January 31, 2014.
	The following is a summary of stock option activity for the three months ended January 31, 2015:
	Options		Shares				Weighted Average Exercise Price			Weighted Average Remaining Contractual Life (Years)			Aggregate Intrinsic Value
	Outstanding at October 31, 2014			11,422,144			$	0.5			3			—
	Forfeited or Cancelled			(133,336	)			0.32
	Outstanding at January 31, 2015			11,288,808			$	0.51			2.6		$	—
	Vested or Expected to Vest at January 31, 2015			11,288,808			$	0.51			2.6		$	—
	Exercisable at January 31, 2015			9,165,479			$	0.56			2.24		$	—
	The Company recognized stock-based compensation costs for stock options of $31,189 and $64,011 for the three months ended January 31, 2015 and 2014, respectively.  The Company typically does not recognize any tax benefits for stock options due to the Company's recurring losses. The Company currently expects all outstanding options to vest. Compensation cost is revised if subsequent information indicates that the actual number of options that will vest is likely to differ from previous estimates.
	Summarized information about stock options outstanding and exercisable at January 31, 2015 is as follows:
		Options Outstanding										Options Exercisable
		Exercise Price				Number Outstanding			Weighted Ave.	Weighted Average		Number  Exercisable			Weighted Average
									Remaining	Exercise Price					Exercise Price
									Contractual Life (Years)
	$	0.26				2,808,332			4.32	$0.26		1,183,333			$0.26
		0.37				2,098,332			3.19	0.37		1,700,002			0.37
		0.44–0.73				5,520,000			1.76	0.58		5,420,000			0.58
		1.00 - 1.20				805,000			0.88	1.11		805,000			1.11
		2.18				57,144			2.24	2.18		57,144			2.18
	$	0.26 - 2.18				11,288,808			2.6	$0.51		9,165,479			$0.56
	As of January 31, 2015, there was $108,106 of total unrecognized compensation costs related to non-vested share based compensation arrangements granted under the qualified stock option plans. That cost is expected to be recognized over a weighted average period of 0.51 years.

FINANCIAL_INSTRUMENTS

FINANCIAL INSTRUMENTS	3 Months Ended
	Jan. 31, 2015
FINANCIAL INSTRUMENTS [Abstract]
FINANCIAL INSTRUMENTS	NOTE 13 – FINANCIAL INSTRUMENTS
	Fair Value Measurements
	All financial assets and financial liabilities are recorded at fair value on initial recognition. Transaction costs are expensed when they are incurred, unless they are directly attributable to the acquisition of qualifying assets, in which case they are added to the costs of those assets until such time as the assets are substantially ready for their intended use or sale.
	The three levels of the fair value hierarchy are as follows:
		Level 1	Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;
		Level 2	Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability;
		Level 3	Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity).
	Under fair value accounting, assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.  As of January 31, 2015 and October 31, 2014, the Company had no financial assets or liabilities required to be reported for fair value purposes.
	The carrying amounts of the Company's financial instruments, including cash and cash equivalents, other receivables, accounts payable and accrued liabilities and expenses approximate fair value at January 31, 2015 and October 31, 2014 due to the short maturities of these financial instruments.
	Credit Risk
	Credit risk is the risk that the counterparty to a financial instrument will cause a financial loss for the Company by failing to discharge its obligations. To mitigate exposure to credit risk on financial assets the Company has established policies to ensure liquidity of funds and ensure counterparties demonstrate minimum acceptable credit worthiness.
	The Company maintains its US Dollar and Canadian Dollar (“$CDN”) cash and cash equivalents in bank and demand deposit accounts with major financial institutions with high credit standings.  Cash deposits held in the United States are insured by the Federal Deposit Insurance Corporation (“FDIC”) for up to $250,000 and $CDN cash deposits held in Canada are insured by the Canada Deposit Insurance Corporation (“CDIC”) for up to $CDN 100,000. Certain United States and Canadian bank accounts held by the Company exceed these federally insured limits or are uninsured as they related to US Dollar deposits held in Canadian financial institutions. As of January 31, 2015 and October 31, 2014, the Company's cash and cash equivalent balances held in United States and Canadian financial institutions included $2,432,698 and $1,681,759 respectively, which was not insured by the FDIC or CDIC. The Company has not experienced any losses on such accounts and management believes that using major financial institutions with high credit ratings mitigates the credit risk in cash and cash equivalents.
	The Company also maintains cash in bank accounts in Mexico and Gabon.  These accounts are denominated in the local currency and are considered uninsured. As of January 31, 2015 and October 31, 2014, the U.S. dollar equivalent balance for these accounts was $26,973 and $115,686 respectively.
	Interest Rate Risk
	The Company holds substantially all of the Company's cash and cash equivalents in bank and demand deposit accounts with major financial institutions. The interest rates received on these balances may fluctuate with changes in economic conditions. Based on the average cash and cash equivalent balances during the three months ended January 31, 2015, a 1% decrease in interest rates would have resulted in a reduction in interest income for the period of approximately $133.
	Foreign Currency Exchange Risk
	Certain purchases of labor, operating supplies and capital assets are denominated in $CDN, Mexican Peso (“$MXN”), Central African Francs (“$CFA”) or other currencies.  As a result, currency exchange fluctuations may impact the costs of our operations.  Specifically, the appreciation of the $MXN, $CDN or $CFA against the U.S. dollar may result in an increase in operating expenses and capital costs in U.S. dollar terms. As of January 31, 2015, the Company maintained the majority of its cash balance in U.S. Dollars. The Company currently does not engage in any currency hedging activities.

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Jan. 31, 2015
COMMITMENTS AND CONTINGENCIES [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 14 - COMMITMENTS AND CONTINGENCIES
	Compliance with Environmental Regulations
	The Company's activities are subject to laws and regulations controlling not only the exploration and mining of mineral properties, but also the effect of such activities on the environment. Compliance with such laws and regulations may necessitate additional capital outlays or affect the economics of a project, and cause changes or delays in the Company's activities.
	Property Concessions Mexico
	To properly maintain property concessions in Mexico, the Company is required to pay a semi-annual fee to the Mexican government and complete annual assessment work.
	In addition two of the concessions in the Sierra Mojada project are subject to options to purchase from existing third party concession owners.
	Pursuant to the option purchase agreements, the Company is required to make certain payments over the terms of these contracts to obtain full ownership of these concessions as set forth in the table below:
	Nuevo Dulces Nombres (Centenario) and Yolanda III (2 concessions)
	Payment Date		Payment Amount(1) (2)
	May-15		$30,000
	Monthly payment beginning August		$20,000 per month
	2016 and ending July 2018
	(1)	Until July 2018, the Company has the option of acquiring Nuevo Dulces Nombres (100% interest) for $4 million and Yolanda III (100% interest) for $2 million plus a lump sum payment equal to any remaining monthly payments.
	(2)	If a change of control occurs prior to May 30, 2016 the Company is required to make a payment of $200,000 within 20 days of the change of control.
	Royalty
	The Company has agreed to pay a 2% net smelter return royalty on certain property concessions within the Sierra Mojada Property. Total payments under this royalty are limited to $6.875 million (the "Royalty").
	Litigation and Claims
	In July 2014 a local cooperative named Sociedad Cooperativa de Exploración Minera Mineros Norteños, S.C.L. (“Mineros Norteños”) filed an action before the First Court in Civil Matters in Chihuahua City, Mexico against the Company's subsidiary, Minera Metalin, claiming that the Company breached an agreement regarding the development of the Sierra Mojada Project.  Mineros Norteños is seeking payment of the Royalty, including interest at a rate of 6% per annum from August 30, 2004, notwithstanding that no revenue has been produced from the applicable mining concessions, and it is also seeking payment of wages to the cooperative's members from August 30, 2004, notwithstanding that none of the individuals were ever hired or performed work for the Company. The Company and the Company's Mexican legal counsel believe this claim is without merit and have asserted all applicable defenses. The Company has not accrued any amounts in our financial statements with respect to this claim.
	From time to time, the Company is involved in other disputes, claims, proceedings and legal actions arising in the ordinary course of business. The Company intends to vigorously defend all claims against the Company, and pursue our full legal rights in cases where the Company has been harmed. Although the ultimate outcome of these proceedings cannot be accurately predicted due to the inherent uncertainty of litigation, in the opinion of management, based upon current information, no other currently pending or overtly threatened proceeding is expected to have a material adverse effect on the Company's business, financial condition or results of operations.
	Office Lease Commitment
	The Company entered into a five-year office lease agreement from April 1, 2012 to March 31, 2017 for the Company's corporate office in Vancouver, Canada. The monthly lease payment is $CDN 7,743 until March 31, 2016, increasing to $CDN 7,981 on April 1, 2016. As of January 31, 2015, one U.S. dollar approximates $CDN 1.27.

SEGMENT_INFORMATION

SEGMENT INFORMATION	3 Months Ended
	Jan. 31, 2015
SEGMENT INFORMATION [Abstract]
SEGMENT INFORMATION	NOTE 15 – SEGMENT INFORMATION
	The Company operates in a single reportable segment: the exploration of mineral property interests. The Company has mineral property interests in Sierra Mojada, Mexico and Gabon, Africa.
	Geographic information is approximately as follows:
		For the Three Months Ended
		January 31,
		2015				2014
	Mexico	$	(287,000	)		$	(457,000	)
	Canada		(474,000	)			(519,000	)
	Gabon		(100,000	)			(39,000	)
	Loss from Continuing Operations		(861,000	)			(1,015,000	)
	Discontinued Operations		(137,000	)			(62,000	)
	Net Loss	$	(724,000	)		$	(1,077,000	)
	The following table details allocation of assets included in the accompanying balance sheet at January 31, 2015:
				United				Canada					Mexico				Gabon				Total
				States
	Cash and cash equivalents			$	-			$	2,534,000				$	7,000			$	20,000			$	2,561,000
	Value-added tax receivable, net				-				-					159,000				2,000				161,000
	Other receivables				-				5,000					25,000				-				30,000
	Prepaid expenses and deposits				-				106,000					77,000				4,000				187,000
	Office and mining equipment, net				-				-					346,000				-				346,000
	Property concessions				-				-					5,563,000				-				5,563,000
	Goodwill				-				-					18,495,000				-				18,495,000
				$	-			$	2,645,000				$	24,672,000			$	26,000			$	27,343,000
	The following table details allocation of assets included in the accompanying balance sheet at October 31, 2014:
		United				Canada					Mexico				Gabon				Total
		States
	Cash and cash equivalents	$	-			$	1,770,000				$	96,000			$	13,000			$	1,879,000
	Value-added tax receivable, net		-				-					160,000				3,000				163,000
	Other receivables		-				5,000					25,000				-				30,000
	Prepaid expenses and deposits		-				140,000					79,000				1,000				220,000
	Assets of discontinued operations held for sale		-				-					-				1,282,000				1,282,000
	Office and mining equipment, net		-				1,000					363,000				-				364,000
	Property concessions		-				-					5,563,000				-				5,563,000
	Goodwill		-				-					18,495,000				-				18,495,000
		$	-			$	1,916,000				$	24,781,000			$	1,299,000			$	27,996,000
	The Company has significant assets in Coahuila, Mexico.  Although Mexico is generally considered economically stable, it is always possible that unanticipated events in Mexico could disrupt the Company's operations.  Neither the Mexican government nor the Gabonese government requires foreign entities to maintain cash reserves in their respective country.
	The following table details allocation of exploration and property holding costs for the exploration properties
			For the Three Months Ended
			January 31,
			2015					2014
	Exploration and property holding costs for the period
	Mexico Sierra Mojada		$	(273,000	)			$	(485,000	)
	Gabon Mitzic			(17,000	)				(32,000	)
			$	(290,000	)			$	(517,000	)

SIGNIFICANT_ACCOUNTING_POLICIE1

SIGNIFICANT ACCOUNTING POLICIES (Policy)	3 Months Ended
	Jan. 31, 2015
SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements Adopted in the Three Month Period Ended January 31, 2015
	Effective November 1, 2014, the Company adopted Accounting Standards Update (“ASU”) 2013-11, “Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carry Forward, a Similar Tax Loss, or a Tax Credit Carry Forward Exists.” The updated guidance requires an entity to net its unrecognized tax benefits against the deferred tax assets for all same jurisdiction net operating loss carry forwards, a similar tax loss, or tax credit carry forwards. A gross presentation will be required only if such carry forwards are not available or would not be used by the entity to settle any additional income taxes resulting from disallowance of the uncertain tax provision. The adoption of this update did not have a material impact on the Company's financial position, results of operations or cash flows and disclosures at this time.
	Effective November 1, 2014, the Company adopted ASU 2013-05, “Foreign Currency Matters (Topic 830): Parent's Accounting for the Cumulative Translation Adjustment.” The updated standard clarifies the applicable guidance for a parent company's accounting for the release of the cumulative translation adjustment into net income upon derecognition of certain subsidiaries or groups of assets within a foreign entity or of an investment in a foreign entity. The adoption of this update did not have a material impact on the Company's financial position, results of operations or cash flows and disclosures at this time.
	Recent Accounting Pronouncements Not Yet Adopted
	In April 2014, the Financial Accounting Standards Board (“FASB”) issued ASU 2014-08, “Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity.” Under ASU 2014-08, only disposals of a component or group of components of an entity representing a strategic shift that has (or will have) a major effect on an entity's operations and financial results are presented as discontinued operations. In addition, ASU 2014-08 requires expanded disclosures about discontinued operations that will provide additional information about the assets, liabilities, income, and expenses of discontinued operations. ASU 2014-08 also requires disclosure of the pre-tax income attributable to a disposal of a significant part of an organization that does not qualify for discontinued operations reporting. The update is effective prospectively for fiscal years, and interim periods within those years, beginning after December 15, 2014. The Company has not determined the effects of this update on the Company's financial position, result of operations or cash flows and disclosures at this time.
	In May 2014, the FASB issued ASU 2014-09, "Revenue from Contracts with Customers." The updated guidance provides a five-step approach to be applied to all contracts with customers and also requires expanded disclosures about revenue recognition. The update is effective for annual periods ending after December 15, 2016, and interim periods within annual periods beginning after December 15, 2016. Early application is permitted. The Company has not determined the effects of this update on the Company's financial position, result of operations or cash flows and disclosures at this time.
	In August 2014, the FASB issued ASU 2014-15, Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an entity's ability to continue as a going concern. ASU 2014-15 is intended to define management's responsibility to evaluate whether there is substantial doubt about an organization's ability to continue as a going concern and to provide related footnote disclosures. The update provides guidance to an organization's management, with principles and definitions that are intended to reduce diversity in the timing and content of disclosures that are commonly provided by organizations today in the financial statement footnotes. The amendments are effective for annual periods beginning after December 15, 2016, and interim periods within annual periods beginning after December 15, 2016. Early application is permitted. The Company has not determined the effects of this update on the Company's financial position, result of operations or cash flows and disclosures at this time.
	Other recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force) and the SEC did not or are not believed to have a material impact on the Company's present or future consolidated financial statements.

DISCONTINUED_OPERATIONS_Tables

DISCONTINUED OPERATIONS (Tables)	3 Months Ended
	Jan. 31, 2015
DISCONTINUED OPERATIONS [Abstract]
Schedule of Financial Information Included in Income and Balance Sheet from Discontinued Operations	The following table details selected financial information included in the income (loss) from discontinued operations for the three months ended January 31, 2015 and 2014.
				For the Three Months Ended
				January 31,
				2015				2014
	Exploration and property holding costs				85,542				53,042
	Depreciation and asset impairment				3,305				3,677
	Foreign currency transaction loss				70,430				5,400
	Gain on sale of discontinued operations, net of taxes				-296,369				—
	(Income) loss from discontinued operations, net of income taxes			$	-137,092			$	62,119
	The major classes of assets and liabilities of Dome International and Dome Gabon presented as assets held for sale in the consolidated balance sheets are as follows:
			January 31,				October 31,
			2015				2014
	Assets
	Cash and cash equivalents	$	—			$	6,851
	Restricted cash		—				1,417
	Value-added tax receivable		—				8,053
	Prepaid expenses and deposits		—				6,796
	Other assets		—				80,238
	Office and mining equipment, net		—				9,536
	Property concession		—				1,168,627
	Total assets of discontinued operations held for sale	$	—			$	1,281,518
	Liabilities
	Accounts payable				$	—				$	8,894
	Total liabilities of discontinued operations held for sale				$	—				$	8,894

VALUEADDED_TAX_RECEIVABLE_Tabl

VALUE-ADDED TAX RECEIVABLE (Tables)	3 Months Ended
	Jan. 31, 2015
VALUE-ADDED TAX RECEIVABLE [Abstract]
Summary of the Changes in the Allowance for Uncollectible Taxes	A summary of the changes in the allowance for uncollectible VAT taxes for the three months ended January 31, 2015 is as follows:
	Allowance for uncollectible VAT taxes – October 31, 2014	$	116,274
	Recovery of uncollectible VAT Taxes		(250	)
	Foreign currency translation adjustment		(9,947	)
	Allowance for uncollectible VAT taxes – January 31, 2015	$	106,077

OFFICE_AND_MINING_EQUIPMENT_Ta

OFFICE AND MINING EQUIPMENT (Tables)	3 Months Ended
	Jan. 31, 2015
OFFICE AND MINING EQUIPMENT [Abstract]
Summary of Office and Mining Equipment	The following is a summary of the Company's office and mining equipment at January 31, 2015 and October 31, 2014, respectively:
		January 31,			October 31,
		2015			2014
	Mining equipment	$	504,451		$	504,451
	Vehicles		81,261			81,261
	Buildings and structures		191,966			191,966
	Computer equipment and software		84,989			84,989
	Well equipment		39,637			39,637
	Office equipment		52,931			52,931
			955,235			955,235
	Less:  Accumulated depreciation		(609,793	)		(591,716	)
		$	345,442		$	363,519

PROPERTY_CONCESSIONS_Tables

PROPERTY CONCESSIONS (Tables)	3 Months Ended
	Jan. 31, 2015
PROPERTY CONCESSIONS [Abstract]
Summary of Property Concessions	The following is a summary of the Company's property concessions in Sierra Mojada, Mexico as at January 31, 2015 and October 31, 2014, respectively:
	Property Concessions – October 31, 2014	$	5,563,263
	Property Concessions – January 31, 2015	$	5,563,263

GOODWILL_Tables

GOODWILL (Tables)	3 Months Ended
	Jan. 31, 2015
GOODWILL [Abstract]
Summary of the Goodwill Balance	The following is a summary of the Company's goodwill balance as at January 31, 2015 and October 31, 2014, respectively:
	Goodwill – October 31, 2014	$	18,495,031
	Goodwill – January 31, 2015	$	18,495,031

STOCK_OPTIONS_Tables

STOCK OPTIONS (Tables)	3 Months Ended
	Jan. 31, 2015
STOCK OPTIONS [Abstract]
Schedule of Stock Option Activity	The following is a summary of stock option activity for the three months ended January 31, 2015:
	Options		Shares				Weighted Average Exercise Price			Weighted Average Remaining Contractual Life (Years)			Aggregate Intrinsic Value
	Outstanding at October 31, 2014			11,422,144			$	0.5			3			—
	Forfeited or Cancelled			(133,336	)			0.32
	Outstanding at January 31, 2015			11,288,808			$	0.51			2.6		$	—
	Vested or Expected to Vest at January 31, 2015			11,288,808			$	0.51			2.6		$	—
	Exercisable at January 31, 2015			9,165,479			$	0.56			2.24		$	—
Schedule of Stock Options Outstanding and Exercisable by Exercise Price Range	Summarized information about stock options outstanding and exercisable at January 31, 2015 is as follows:
		Options Outstanding										Options Exercisable
		Exercise Price				Number Outstanding			Weighted Ave.	Weighted Average		Number  Exercisable			Weighted Average
									Remaining	Exercise Price					Exercise Price
									Contractual Life (Years)
	$	0.26				2,808,332			4.32	$0.26		1,183,333			$0.26
		0.37				2,098,332			3.19	0.37		1,700,002			0.37
		0.44–0.73				5,520,000			1.76	0.58		5,420,000			0.58
		1.00 - 1.20				805,000			0.88	1.11		805,000			1.11
		2.18				57,144			2.24	2.18		57,144			2.18
	$	0.26 - 2.18				11,288,808			2.6	$0.51		9,165,479			$0.56

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES (Tables)	3 Months Ended
	Jan. 31, 2015
COMMITMENTS AND CONTINGENCIES [Abstract]
Schedule of Payments Required to Obtain Full Ownership of Property Concessions	Pursuant to the option purchase agreements, the Company is required to make certain payments over the terms of these contracts to obtain full ownership of these concessions as set forth in the table below:
	Nuevo Dulces Nombres (Centenario) and Yolanda III (2 concessions)
	Payment Date		Payment Amount(1) (2)
	May-15		$30,000
	Monthly payment beginning August		$20,000 per month
	2016 and ending July 2018
	(1)	Until July 2018, the Company has the option of acquiring Nuevo Dulces Nombres (100% interest) for $4 million and Yolanda III (100% interest) for $2 million plus a lump sum payment equal to any remaining monthly payments.
	(2)	If a change of control occurs prior to May 30, 2016 the Company is required to make a payment of $200,000 within 20 days of the change of control.

SEGMENT_INFORMATION_Tables

SEGMENT INFORMATION (Tables)	3 Months Ended
	Jan. 31, 2015
SEGMENT INFORMATION [Abstract]
Schedule of Net Income (Loss) by Segment	Geographic information is approximately as follows:
		For the Three Months Ended
		January 31,
		2015				2014
	Mexico	$	(287,000	)		$	(457,000	)
	Canada		(474,000	)			(519,000	)
	Gabon		(100,000	)			(39,000	)
	Loss from Continuing Operations		(861,000	)			(1,015,000	)
	Discontinued Operations		(137,000	)			(62,000	)
	Net Loss	$	(724,000	)		$	(1,077,000	)
Schedule of the Allocation of Assets by Segment	The following table details allocation of assets included in the accompanying balance sheet at January 31, 2015:
				United				Canada					Mexico				Gabon				Total
				States
	Cash and cash equivalents			$	-			$	2,534,000				$	7,000			$	20,000			$	2,561,000
	Value-added tax receivable, net				-				-					159,000				2,000				161,000
	Other receivables				-				5,000					25,000				-				30,000
	Prepaid expenses and deposits				-				106,000					77,000				4,000				187,000
	Office and mining equipment, net				-				-					346,000				-				346,000
	Property concessions				-				-					5,563,000				-				5,563,000
	Goodwill				-				-					18,495,000				-				18,495,000
				$	-			$	2,645,000				$	24,672,000			$	26,000			$	27,343,000
	The following table details allocation of assets included in the accompanying balance sheet at October 31, 2014:
		United				Canada					Mexico				Gabon				Total
		States
	Cash and cash equivalents	$	-			$	1,770,000				$	96,000			$	13,000			$	1,879,000
	Value-added tax receivable, net		-				-					160,000				3,000				163,000
	Other receivables		-				5,000					25,000				-				30,000
	Prepaid expenses and deposits		-				140,000					79,000				1,000				220,000
	Assets of discontinued operations held for sale		-				-					-				1,282,000				1,282,000
	Office and mining equipment, net		-				1,000					363,000				-				364,000
	Property concessions		-				-					5,563,000				-				5,563,000
	Goodwill		-				-					18,495,000				-				18,495,000
		$	-			$	1,916,000				$	24,781,000			$	1,299,000			$	27,996,000
Schedule of Exploration and Property Holding Costs by Segment	The following table details allocation of exploration and property holding costs for the exploration properties
			For the Three Months Ended
			January 31,
			2015					2014
	Exploration and property holding costs for the period
	Mexico Sierra Mojada		$	(273,000	)			$	(485,000	)
	Gabon Mitzic			(17,000	)				(32,000	)
			$	(290,000	)			$	(517,000	)

ORGANIZATION_DESCRIPTION_OF_BU1

ORGANIZATION, DESCRIPTION OF BUSINESS AND LIQUIDITY (Details) (USD $)	Jan. 31, 2015	Oct. 31, 2014
ORGANIZATION, DESCRIPTION OF BUSINESS AND LIQUIDITY [Abstract]
Accumulated Deficit	$100,024,748
Working capital	2,330,279
Cash and cash equivalents	$2,561,395	$1,879,318

DISCONTINUED_OPERATIONS_Narrat

DISCONTINUED OPERATIONS (Narrative) (Details) (USD $)	0 Months Ended
	Jan. 23, 2015
DISCONTINUED OPERATIONS [Abstract]
Ownership percentage held by entity	100.00%
Cash consideration	$1,500,000
Reimbursement expenses	75,000
Transaction costs	$201,154

DISCONTINUED_OPERATIONS_Schedu

DISCONTINUED OPERATIONS (Schedule of Financial Information Included in Income from Discontinued Operations) (Details) (USD $)	3 Months Ended
	Jan. 31, 2015	Jan. 31, 2014
DISCONTINUED OPERATIONS [Abstract]
Exploration and property holding costs	$85,542	$53,042
Depreciation and asset impairment	3,305	3,677
Foreign currency transaction loss	70,430	5,400
Gain on sale of discontinued operations, net of taxes	-296,369
(Income) loss from discontinued operations, net of income taxes	($137,092)	$62,119

DISCONTINUED_OPERATIONS_Schedu1

DISCONTINUED OPERATIONS (Schedule of Major Classes of Assets and Liabilities Held for Sale in Balance Sheet) (Details) (USD $)	Jan. 31, 2015	Oct. 31, 2014
Assets
Cash and cash equivalents		$6,851
Restricted cash		1,417
Value-added tax receivable		8,053
Prepaid expenses and deposits		6,796
Other assets		80,238
Office and mining equipment, net		9,536
Property concession		1,168,627
Total assets of discontinued operations held for sale		1,281,518
Liabilities
Accounts payable		8,894
Total liabilities of discontinued operations held for sale		$8,894

LOSS_PER_SHARE_Details

LOSS PER SHARE (Details)	3 Months Ended
	Jan. 31, 2015	Jan. 31, 2014
LOSS PER SHARE [Abstract]
Anti-dilutive shares, stock options and warrants	11,288,808	21,805,644

VALUEADDED_TAX_RECEIVABLE_Narr

VALUE-ADDED TAX RECEIVABLE (Narrative) (Details) (USD $)	3 Months Ended
	Jan. 31, 2015	Jan. 31, 2014	Oct. 31, 2014
Income Tax Examination [Line Items]
Value-added tax receivable, current	$161,002		$163,032
Recovery of uncollectible value-added taxes	($250)	$8,262

VALUEADDED_TAX_RECEIVABLE_Summ

VALUE-ADDED TAX RECEIVABLE (Summary of the Changes in the Allowance for Uncollectible Taxes) (Details) (USD $)	3 Months Ended
	Jan. 31, 2015	Jan. 31, 2014
VALUE-ADDED TAX RECEIVABLE [Abstract]
Allowance for uncollectible VAT taxes, beginning balance	$116,274
Recovery of uncollectible VAT Taxes	-250	8,262
Foreign currency translation adjustment	-9,947
Allowance for uncollectible VAT taxes, ending balance	$106,077

OFFICE_AND_MINING_EQUIPMENT_De

OFFICE AND MINING EQUIPMENT (Details) (USD $)	Jan. 31, 2015	Oct. 31, 2014
Property, Plant and Equipment [Line Items]
Office and mining equipment, gross	$955,235	$955,235
Less: Accumulated depreciation	-609,793	-591,716
Office and mining equipment, net	345,442	363,519
Mining equipment [Member]
Property, Plant and Equipment [Line Items]
Office and mining equipment, gross	504,451	504,451
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Office and mining equipment, gross	81,261	81,261
Building and structures [Member]
Property, Plant and Equipment [Line Items]
Office and mining equipment, gross	191,966	191,966
Computer equipment and software [Member]
Property, Plant and Equipment [Line Items]
Office and mining equipment, gross	84,989	84,989
Well equipment [Member]
Property, Plant and Equipment [Line Items]
Office and mining equipment, gross	39,637	39,637
Office equipment [Member]
Property, Plant and Equipment [Line Items]
Office and mining equipment, gross	$52,931	$52,931

PROPERTY_CONCESSIONS_Details

PROPERTY CONCESSIONS (Details) (USD $)	Jan. 31, 2015	Oct. 31, 2014
Property Concessions [Line Items]
Property Concessions, beginning balance	$5,563,263	$5,563,263
Property Concessions, ending balance	$5,563,263	$5,563,263

GOODWILL_Narrative_Details

GOODWILL (Narrative) (Details) (USD $)	3 Months Ended
	Jan. 31, 2015
GOODWILL [Abstract]
Goodwill impairment loss	$0

GOODWILL_Summary_of_the_Goodwi

GOODWILL (Summary of the Goodwill Balance) (Details) (USD $)	Jan. 31, 2015	Oct. 31, 2014
GOODWILL [Abstract]
Goodwill	$18,495,031	$18,495,031

SHAREHOLDER_RIGHTS_PLAN_Detail

SHAREHOLDER RIGHTS PLAN (Details) (USD $)	3 Months Ended
	Jan. 31, 2015	Oct. 31, 2014
Class of Warrant or Right [Line Items]
Common stock, shares outstanding	159,072,657	159,072,657
Shareholder Rights [Member]
Class of Warrant or Right [Line Items]
Shareholder Rights, record date	22-Jun-07
Common stock, shares outstanding	159,072,657
Expiration date of Shareholders Rights	11-Jun-17
Minimum purchase of ownership percentage to activate Rights	20.00%
Purchase price per Right	$20

COMMON_STOCK_Details

COMMON STOCK (Details)	3 Months Ended
	Jan. 31, 2015	Jan. 31, 2014
Stockholders Equity Note [Line Items]
Stock issued during period, shares	0	0

STOCK_OPTIONS_Narrative_Detail

STOCK OPTIONS (Narrative) (Details) (USD $)	3 Months Ended
	Jan. 31, 2015	Jan. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation costs recognized during the period	$31,189	$64,011
Total unrecognized compensation costs related to non-vested share based compensation arrangements granted under qualified stock option plans	$108,106
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average period for remaining compensation costs to be recognized	6 months 4 days
Minimum [Member] | Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period for plan	1 year
Contractual term for options	2 years
Maximum [Member] | Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period for plan	2 years
Contractual term for options	10 years
2006 Stock Option Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
The number of shares authorized under the plan	5,000,000
2010 Stock Option and Stock Bonus Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
The number of shares authorized under the plan	30,000,000

STOCK_OPTIONS_Schedule_of_Assu

STOCK OPTIONS (Schedule of Assumptions Used to Value Stock Options Granted) (Details)	3 Months Ended
	Jan. 31, 2015	Jan. 31, 2014
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Contractual term	0 years	0 years
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Contractual term	0 years	0 years

STOCK_OPTIONS_Summary_of_Stock

STOCK OPTIONS (Summary of Stock Option Activity) (Details) (USD $)	3 Months Ended	12 Months Ended
	Jan. 31, 2015	Oct. 31, 2014
Shares
Outstanding, beginning	11,422,144
Forfeited or Cancelled	-133,336
Outstanding, ending	11,288,808	11,422,144
Weighted Average Exercise Price
Outstanding, beginning	$0.50
Forfeited or Cancelled	$0.32
Outstanding, ending	$0.51	$0.50
Weighted average remaining contractual life, Outstanding	2 years 7 months 6 days	3 years
Aggregate intrinsic value, Outstanding
Vested or Expected to Vest:
Shares	11,288,808
Weighted average exercise price	$0.51
Weighted average remaining contractual life	2 years 7 months 6 days
Aggregate intrinsic value
Exercisable
Shares	9,165,479
Weighted average exercise price	$0.56
Weighted average remaining contractual life, Exercisable	2 years 2 months 26 days
Aggregate intrinsic value, Exercisable

STOCK_OPTIONS_Summarized_Infor

STOCK OPTIONS (Summarized Information of Stock Options Outstanding and Exercisable) (Details) (USD $)	3 Months Ended
	Jan. 31, 2015
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Minimum exercise price	$0.26
Maximum exercise price	$2.18
Number of options outstanding	11,288,808
Weighted Average Remaining Contractual Life (Years)	2 years 7 months 6 days
Weighted Average Exercise Price	$0.51
Number Exercisable	9,165,479
Options Exercisable - Weighted Average Exercise Price	$0.56
0.26 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of options outstanding	2,808,332
Weighted Average Remaining Contractual Life (Years)	4 years 3 months 25 days
Weighted Average Exercise Price	$0.26
Number Exercisable	1,183,333
Options Exercisable - Weighted Average Exercise Price	$0.26
0.37 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of options outstanding	2,098,332
Weighted Average Remaining Contractual Life (Years)	3 years 2 months 8 days
Weighted Average Exercise Price	$0.37
Number Exercisable	1,700,002
Options Exercisable - Weighted Average Exercise Price	$0.37
0.44 - 0.73 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Minimum exercise price	$0.44
Maximum exercise price	$0.73
Number of options outstanding	5,520,000
Weighted Average Remaining Contractual Life (Years)	1 year 9 months 4 days
Weighted Average Exercise Price	$0.58
Number Exercisable	5,420,000
Options Exercisable - Weighted Average Exercise Price	$0.58
1.00 - 1.20 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Minimum exercise price	$1
Maximum exercise price	$1.20
Number of options outstanding	805,000
Weighted Average Remaining Contractual Life (Years)	10 months 17 days
Weighted Average Exercise Price	$1.11
Number Exercisable	805,000
Options Exercisable - Weighted Average Exercise Price	$1.11
2.18 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of options outstanding	57,144
Weighted Average Remaining Contractual Life (Years)	2 years 2 months 26 days
Weighted Average Exercise Price	$2.18
Number Exercisable	57,144
Options Exercisable - Weighted Average Exercise Price	$2.18

FINANCIAL_INSTRUMENTS_Details

FINANCIAL INSTRUMENTS (Details)	3 Months Ended
	Jan. 31, 2015	Jan. 31, 2015	Oct. 31, 2014
	USD ($)	CAD	USD ($)
FINANCIAL INSTRUMENTS [Abstract]
Cash balance insured by FDIC per financial institution	$250,000
Cash balance insured by CDIC per financial institution		100,000
Total uninsured cash balances held with U.S. and Canadien financial institutions	2,432,698		1,681,759
Value of total cash accounts held in Mexico and Gabon	26,973		115,686
Effect of a 1% decrease in interest rates on interest income	$133

COMMITMENTS_AND_CONTINGENCIES_1

COMMITMENTS AND CONTINGENCIES (Narrative) (Details) (CAD)	3 Months Ended
	Jan. 31, 2015
Office Lease Commitment:
Monthly rental payment due from lease inception through year two	7,743
Monthly rental payment due from year two through year four	7,981
Lease term	5 years
Foreign currency exchange rate translation	1.27
Lease expiration	31-Mar-17
Litigation and Claims:
Interest rate sought on the Royalty	6.00%

COMMITMENTS_AND_CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Property Concessions) (Details) (USD $)	3 Months Ended
	Jan. 31, 2015
Property Concessions By Location Of Concessions [Line Items]
Foreign currency exchange rate translation	1.27
Nuevo Dulces Nombres (Centenario) and Yolanda III [Member]
Property Concessions By Location Of Concessions [Line Items]
Monthly payment through 48 months after the initial payment date to obtain full ownership of concession	$20,000	[1],[2]
Payment required to obtain full ownership of property concessions, payment one	30,000	[1],[2]
Half yearly payment required to maintain acquisition option of concessions	200,000
Payment date of first property concession payment	1-Aug-16
Date the property acquisition option expires	31-Jul-18
Nuevo Dulces Nombres [Member]
Property Concessions By Location Of Concessions [Line Items]
Purchase price for the acquisition of 100% of the concession	4,000,000
Yolanda III [Member]
Property Concessions By Location Of Concessions [Line Items]
Purchase price for the acquisition of 100% of the concession	2,000,000
Sierra Mojada [Member]
Property Concessions By Location Of Concessions [Line Items]
Percentage rate of net smelter return royalties	2.00%
The maximum net smelter return royalties that can be paid	$6,875,000
[1]	Until July 2018, the Company has the option of acquiring Nuevo Dulces Nombres (100% interest) for $4 million and Yolanda III (100% interest) for $2 million plus a lump sum payment equal to any remaining monthly payments.
[2]	If a change of control occurs prior to May 30, 2016 the Company is required to make a payment of $200,000 within 20 days of the change of control.

SEGMENT_INFORMATION_Schedule_o

SEGMENT INFORMATION (Schedule of Segment Net Loss) (Details) (USD $)	3 Months Ended
	Jan. 31, 2015	Jan. 31, 2014
Segment Reporting Information [Line Items]
Loss from Continuing Operations	($860,733)	($1,015,270)
Discontinued Operations	137,092	-62,119
Net loss	-723,641	-1,077,389
Mexico [Member]
Segment Reporting Information [Line Items]
Loss from Continuing Operations	-287,000	-457,000
Canada [Member]
Segment Reporting Information [Line Items]
Loss from Continuing Operations	-474,000	-519,000
Gabon [Member]
Segment Reporting Information [Line Items]
Loss from Continuing Operations	($100,000)	($39,000)

SEGMENT_INFORMATION_Schedule_o1

SEGMENT INFORMATION (Schedule of Segment Assets) (Details) (USD $)	Jan. 31, 2015	Oct. 31, 2014
Segment Reporting Information [Line Items]
Cash and cash equivalents	$2,561,395	$1,879,318
Value-added tax receivable, current	161,002	163,032
Other receivables	25,615	28,637
Prepaid expenses and deposits	187,216	219,717
Assets of discontinued operations held for sale		1,281,518
Office and mining equipment, net	345,442	363,519
Property concessions	5,563,263	5,563,263
Goodwill	18,495,031	18,495,031
TOTAL ASSETS	27,342,727	27,996,062
United States [Member]
Segment Reporting Information [Line Items]
Cash and cash equivalents
Value-added tax receivable, current
Other receivables
Prepaid expenses and deposits
Assets of discontinued operations held for sale
Office and mining equipment, net
Property concessions
Goodwill
TOTAL ASSETS
Canada [Member]
Segment Reporting Information [Line Items]
Cash and cash equivalents	2,534,000	1,770,000
Value-added tax receivable, current
Other receivables	5,000	5,000
Prepaid expenses and deposits	106,000	140,000
Assets of discontinued operations held for sale
Office and mining equipment, net		1,000
Property concessions
Goodwill
TOTAL ASSETS	2,645,000	1,916,000
Mexico [Member]
Segment Reporting Information [Line Items]
Cash and cash equivalents	7,000	96,000
Value-added tax receivable, current	159,000	160,000
Other receivables	25,000	25,000
Prepaid expenses and deposits	77,000	79,000
Assets of discontinued operations held for sale
Office and mining equipment, net	346,000	363,000
Property concessions	5,563,000	5,563,000
Goodwill	18,495,000	18,495,000
TOTAL ASSETS	24,672,000	24,781,000
Gabon [Member]
Segment Reporting Information [Line Items]
Cash and cash equivalents	20,000	13,000
Value-added tax receivable, current	2,000	3,000
Other receivables
Prepaid expenses and deposits	4,000	1,000
Assets of discontinued operations held for sale		1,282,000
Office and mining equipment, net
Property concessions
Goodwill
TOTAL ASSETS	$26,000	$1,299,000

SEGMENT_INFORMATION_Schedule_o2

SEGMENT INFORMATION (Schedule of Segment Exploration and Property Holding Costs) (Details) (USD $)	3 Months Ended
	Jan. 31, 2015	Jan. 31, 2014
Segment Reporting Information [Line Items]
Exploration and property holding costs for the period	($289,729)	($516,620)
Mexico, Sierra Mojada [Member]
Segment Reporting Information [Line Items]
Exploration and property holding costs for the period	-273,000	-485,000
Mitzic, Gabon [Member]
Segment Reporting Information [Line Items]
Exploration and property holding costs for the period	($17,000)	($32,000)