Silver Bull Resources (SVBL) 10-K 17 Jan 18 2017 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2017	Jan. 16, 2018	Apr. 28, 2017
Document And Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Oct. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY
Entity Registrant Name	SILVER BULL RESOURCES, INC.
Entity Central Index Key	1,031,093
Current Fiscal Year End Date	--10-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		199,459,967
Entity Public Float			$ 13.7
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Oct. 31, 2017	Oct. 31, 2016
CURRENT ASSETS
Cash and cash equivalents	$ 681,776	$ 1,467,328
Value-added tax receivable, net of allowance for uncollectible taxes of $67,729 and $88,283 respectively (Note 3)	156,997	117,276
Other receivables	5,245	4,652
Prepaid expenses and deposits	116,836	116,271
Assets held for sale (Note 4)		21,283
Total Current Assets	960,854	1,726,810
Office and mining equipment, net (Note 5)	208,755	226,301
Property concessions (Note 6)	5,004,386	5,004,386
Goodwill (Note 7)	2,058,031	2,058,031
TOTAL ASSETS	8,232,026	9,015,528
CURRENT LIABILITIES
Accounts payable	138,130	133,274
Accrued liabilities and expenses (Note 8)	313,058	334,297
Income tax payable	4,780	10,623
Stock option liability (Note 11)	5,194
Warrant derivative liability (Note 12)	341,717
Total Current Liabilities	802,879	478,194
COMMITMENTS AND CONTINGENCIES (Notes 1, 9 and 15)
STOCKHOLDERS' EQUITY (Notes 9, 10, 11 and 12)
Common stock, $0.01 par value; 300,000,000 shares authorized, 199,259,967 and 177,894,967 shares issued and outstanding, respectively	1,992,599	1,778,949
Additional paid-in capital	127,679,664	126,820,897
Accumulated deficit	(122,335,364)	(120,281,820)
Other comprehensive income	92,248	219,308
Total Stockholders' Equity	7,429,147	8,537,334
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 8,232,026	$ 9,015,528

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Oct. 31, 2017	Oct. 31, 2016
Statement of Financial Position [Abstract]
Allowance for uncollectible taxes, current	$ 67,729	$ 88,283
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	300,000,000	300,000,000
Common stock, shares issued	199,259,967	177,894,967
Common stock, shares outstanding	199,259,967	177,894,967

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)	12 Months Ended
	Oct. 31, 2017	Oct. 31, 2016
Income Statement [Abstract]
REVENUES
EXPLORATION AND PROPERTY HOLDING COSTS
Exploration and property holding costs	874,055	488,957
Depreciation, asset and property concessions' impairment (Notes 4 and 6)	38,829	638,264
TOTAL EXPLORATION AND PROPERTY HOLDING COSTS	912,884	1,127,221
GENERAL AND ADMINISTRATIVE EXPENSES
Personnel	549,094	469,555
Office and administrative	345,243	372,223
Professional services	162,090	211,925
Directors' fees	177,174	137,607
(Recovery of) provision for uncollectible value-added taxes (Note 3)	(69,981)	1,726
TOTAL GENERAL AND ADMINISTRATIVE EXPENSES	1,163,620	1,193,036
LOSS FROM OPERATIONS	(2,076,504)	(2,320,257)
OTHER INCOME
Interest and investment income	3,933	998
Interest and finance costs (Note 9)	(2,502)	(2,393)
Foreign currency transaction gain (loss)	116	(37,949)
Change in fair value of stock option liability (Note 11)	6,921
Change in fair value of warrant derivative liability (Note 12)	(100,020)
Gain on liquidation of subsidiary (Note 1)	129,781
Warrant issuance costs (Note 10)	(18,819)
Miscellaneous income (Note 5)	5,417	133,825
TOTAL OTHER INCOME	24,827	94,481
LOSS BEFORE INCOME TAXES	(2,051,677)	(2,225,776)
INCOME TAX EXPENSE (Note 13)	1,867	9,108
NET LOSS	(2,053,544)	(2,234,884)
OTHER COMPREHENSIVE INCOME (LOSS)
Foreign currency translation adjustments	2,367	(253)
Realized foreign currency translation gain on liquidation of subsidiary	(129,427)
TOTAL OTHER COMPREHENSIVE LOSS	(127,060)	(253)
COMPREHENSIVE LOSS	$ (2,180,604)	$ (2,235,137)
BASIC AND DILUTED NET LOSS PER COMMON SHARE	$ (0.01)	$ (0.01)
BASIC AND DILUTED WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING	184,303,857	165,345,167

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Oct. 31, 2017	Oct. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (2,053,544)	$ (2,234,884)
Adjustments to reconcile net loss to net cash used by operating activities:
Depreciation, asset and property concessions' impairment	38,829	638,264
(Recovery of) provision for uncollectible value-added taxes	(69,981)	1,726
Gain on sale of office and mining equipment (Note 4)		(132,817)
Foreign currency transaction (gain) loss	(25,448)	31,375
Change in fair value of warrant derivative liability (Note 12)	100,020
Change in fair value of stock option liability	(6,921)
Stock options issued for compensation	152,349	102,993
Warrant issuance costs (Note 10)	18,819
Gain on liquidation of subsidiary (Note 1)	(129,781)
Changes in operating assets and liabilities:
Value-added tax receivable	(26,983)	(3,968)
Income tax receivables		2,365
Other receivables	(614)	12,927
Prepaid expenses and deposits	(3,394)	17,167
Accounts payable	(37,753)	13,935
Accrued liabilities and expenses	25,831	60,796
Income tax payable	(5,450)	5,467
Net cash used in operating activities	(2,024,021)	(1,484,654)
CASH FLOWS FROM INVESTING ACTIVITY:
Proceeds from sale of equipment		141,285
Net cash provided by investing activity		141,285
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of common stock, net of offering costs (Note 10)	1,230,504	1,503,254
Proceeds from exercise of warrants, net of costs (Note 10)		377,554
Net cash provided by financing activities	1,230,504	1,880,808
Effect of exchange rates on cash and cash equivalents	7,965	(20,989)
Net (decrease) increase in cash and cash equivalents	(785,552)	516,450
Cash and cash equivalents beginning of year	1,467,328	950,878
Cash and cash equivalents end of year	681,776	1,467,328
SUPPLEMENTAL CASH FLOW DISCLOSURES:
Income taxes paid	9,611	4,863
Interest paid	2,502	2,393
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Warrants issued for financing fees (Note 12)	12,967	11,621
Offering costs included in accounts payable and accrued liabilities	$ 51,788

CONSOLIDATED STATEMENT OF STOCK

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Other Comprehensive Income [Member]	Total
Balance at Oct. 31, 2015	$ 1,590,726	$ 125,025,319	$ (118,046,936)	$ 219,561	$ 8,788,670
Balance, shares at Oct. 31, 2015	159,072,657				159,072,657
Issuance of common stock for cash at a price of Canadian dollar ("$CDN") $0.13 per share with attached warrants less offering costs of $75,443 (Note 10)	$ 113,623	948,577			$ 1,062,200
Issuance of common stock for cash at a price of Canadian dollar ("$CDN") $0.13 per share with attached warrants less offering costs of $75,443 (Note 10) (in shares)	11,362,310
Issuance of common stock for cash at a price of $CDN 0.15 per share with attached warrants less offering costs of $75,296 (Note 10)	$ 43,400	386,033			429,433
Issuance of common stock for cash at a price of $CDN 0.15 per share with attached warrants less offering costs of $75,296 (Note 10) (in shares)	4,340,000
Issuance of common stock exercise of warrants at an average price of $CDN 0.16 per share less costs of $1,509 (Note 10)	$ 31,200	346,354			$ 377,554
Issuance of common stock exercise of warrants at an average price of $CDN 0.16 per share less costs of $1,509 (Note 10) (in shares)	3,120,000				3,120,000
Stock option and warrants activity as follows:
Stock-based compensation for options issued to directors, officers and employees		102,993			$ 102,993
fair value of warrants issued to agent in connection with the $CDN 0.15 per share private placement (Notes 10 and 12)		11,621			11,621
Other comprehensive gain - Foreign currency translation adjustments				(253)	(253)
Net loss			(2,234,884)		(2,234,884)
Balance at Oct. 31, 2016	$ 1,778,949	126,820,897	(120,281,820)	219,308	$ 8,537,334
Balance, shares at Oct. 31, 2016	177,894,967				177,894,967
Issuance of common stock for cash at a price of $CDN $0.08 per share with attached warrants less offering costs of $165,227 (Note 10)	$ 213,650	812,676			$ 1,026,326
Issuance of common stock for cash at a price of $CDN $0.08 per share with attached warrants less offering costs of $165,227 (Note 10) (in shares)	21,365,000
Stock option and warrants activity as follows:
Stock-based compensation for options issued to directors, officers and employees		152,349			152,349
Reclassification of warrants to derivative liability (Note 12)		(94,143)			(94,143)
Reclassification of consultant stock options to liability (Note 11)		(12,115)			(12,115)
Other comprehensive loss - Realized foreign currency translation gain on liquidation of subsidiary				(129,427)	(129,427)
Other comprehensive gain - Foreign currency translation adjustments				2,367	2,367
Net loss			(2,053,544)		(2,053,544)
Balance at Oct. 31, 2017	$ 1,992,599	$ 127,679,664	$ (122,335,364)	$ 92,248	$ 7,429,147
Balance, shares at Oct. 31, 2017	199,259,967				199,259,967

CONSOLIDATED STATEMENT OF STOC7

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (Parenthetical) - USD ($)	12 Months Ended
	Oct. 31, 2017	Oct. 31, 2016
Common Stock Issuance One [Member]
Equity issuance, amount per share	$ 0.08	$ 0.13
Offering costs incurred	$ 165,227	$ 75,443
Common Stock Issuance Two [Member]
Equity issuance, amount per share		$ 0.15
Offering costs incurred		$ 75,296
Common Stock Issuance Three [Member]
Equity issuance, amount per share		$ 0.16
Offering costs incurred		$ 1,509

ORGANIZATION, DESCRIPTION OF BU

ORGANIZATION, DESCRIPTION OF BUSINESS AND GOING CONCERN	12 Months Ended
	Oct. 31, 2017
ORGANIZATION, DESCRIPTION OF BUSINESS AND GOING CONCERN [Abstract]
ORGANIZATION, DESCRIPTION OF BUSINESS AND GOING CONCERN	NOTE 1 – ORGANIZATION, DESCRIPTION OF BUSINESS AND GOING CONCERN 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 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 Metalin") and Contratistas de Sierra Mojada S.A. de C.V. ("Contratistas") and through Minera Metalin'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, Dome Minerals Nigeria Limited, incorporated in Nigeria. On May 15, 2017, the Company liquidated the Company's Gabonese subsidiary, African Resources SARL Gabon ("African Resources"). As a result of this liquidation, the Company recognized a gain on liquidation of subsidiary of $129,781 in the consolidated statements of operations and comprehensive loss for the year ended October 31, 2017. The Company's efforts and expenditures have been concentrated on the exploration of 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. Going Concern Since its inception in November 1993, the Company has not generated revenue and has incurred a deficit of $122,335,364. Accordingly, the Company has not generated cash flows 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. possible financing and strategic options not limited to: obtaining adequate equity financing including warrant exercises and joint venture opportunities on the Sierra Mojada Property cessful in pursuing these plans. These consolidated financial statements have been prepared on a going concern basis and do not include any adjustments to the amounts and classification of assets and liabilities that may be necessary in the event the Company can no longer continue as a going concern. Such adjustments could be material.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Oct. 31, 2017
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES This summary of significant accounting policies is presented to assist in understanding the consolidated financial statements. The consolidated financial statements and notes are representations of the Company's management, which is responsible for their integrity and objectivity. Basis of Presentation The Company's consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America ("GAAP") using the accrual method of accounting, except for cash flow amounts. Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries, after elimination of intercompany accounts and transactions. The wholly owned subsidiaries of the Company are listed in Note 1 to the consolidated financial statements. Use of Estimates The preparation of these consolidated financial statements in conformity with GAAP requires management to make estimates based on assumptions about future events that affect the amounts reported in the consolidated financial statements and related notes to the consolidated financial statements. Actual results could differ from those estimates. Estimates and assumptions are reviewed on an ongoing basis based on historical experience and other factors that are considered to be relevant under the circumstances. Revisions to estimates and assumptions are accounted for prospectively. Significant areas involving the use of estimates include determining the allowance for uncollectible taxes, evaluating recoverability of property concessions, evaluating impairment of long-lived assets, evaluating impairment of goodwill, establishing a valuation allowance on future use of deferred tax assets, calculating a valuation for stock option liability, calculating a valuation for warrant derivative liability and calculating stock-based compensation. Revenue Recognition The Company recognizes revenue when the title and risks and rewards of ownership pass to the buyer, the selling price is fixed and determinable, persuasive evidence of an arrangement exists and collection of the sale proceeds is considered probable. As of October 31, 2017, the Company has not recognized any revenues. Cash and Cash Equivalents Cash and cash equivalents include all highly-liquid investments with an original maturity of three months or less at the date of purchase. Property Concessions Property concessions acquisition costs are capitalized when incurred and will be amortized using the units of production method following the commencement of production. If a property concession is subsequently abandoned or impaired, any capitalized costs will be expensed in the period of abandonment or impairment. To date, no property concessions have reached the production stage. Acquisition costs include cash consideration and the fair market value of shares issued on the acquisition of property concessions. Exploration Costs Exploration costs incurred are expensed to the date of establishing that costs incurred are economically recoverable. Exploration expenditures incurred subsequent to the establishment of economic recoverability are capitalized and included in the carrying amount of the related property. To date, the Company has not established the economic recoverability of its exploration prospects; therefore, all exploration costs are being expensed. Property and Equipment Property and equipment are recorded at cost less accumulated depreciation and impairment losses. Assets under construction are depreciated when they are substantially complete and available for their intended use, over their estimated useful lives. Repairs and maintenance of property and equipment are expensed as incurred. Costs incurred to enhance the service potential of property and equipment are capitalized and depreciated over the remaining useful life of the improved asset. Property and equipment are depreciated using the straight-line method over the estimated useful lives of the related assets as follows: · Mining equipment – five to 10 years · Vehicles – four years · Building and structures – 40 years · Computer equipment and software – three years · Well equipment – 10 to 40 years · Office equipment – three to 10 years Impairment of Long-Lived Assets Management reviews and evaluates its long-lived assets for impairment when events and changes in circumstances indicate that the related carrying amounts of its assets may not be recoverable. Impairment is considered to exist if the future cash flows on an undiscounted basis are less than the carrying amount of the long-lived asset. An impairment loss is measured and recorded based on the difference between book value and fair value of the asset group. In estimating future cash flows, assets are grouped at the lowest level for which there is identifiable cash flows that are largely independent of cash flows from other asset groups. In estimating future cash flows, the Company estimates the price that would be received to sell an asset group in an orderly transaction between market participants at the measurement date. Significant factors that impact this price include the price of silver and zinc, and general market conditions for exploration companies, among other factors. Assets Held for Sale Office and mining equipment is classified as held for sale when the following conditions are met: (i) assets (or group of assets) are actively marketed for a price which reasonably approximates the fair value at the time of sale; (ii) management has committed to a plan to sell the assets (or group of assets); (iii) the assets (or group of assets) are available for sale in their current condition; and (iv) sale is probable within the next 12 months. Goodwill Goodwill is the purchase premium after adjusting for the fair value of net assets acquired. The Company tests goodwill for impairment at the reporting unit level at least annually, or more frequently if events or changes in circumstances indicate that the assets may be impaired. Goodwill impairment tests require judgment, including the identification of reporting units, assignment of assets and liabilities to reporting units, assignment of goodwill to reporting units, and determination of the fair value of each reporting unit. The Company performs its annual goodwill impairment tests at April 30 th Income Taxes The Company follows the asset and liability method of accounting for income taxes. Under this method, deferred income tax assets and liabilities are determined based on temporary differences between the tax basis and accounting basis of the assets and liabilities measured using tax rates enacted at the balance sheet date. The Company recognizes the tax benefit from uncertain tax positions only if it is at least "more likely than not" that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon settlement with the taxing authorities. This accounting standard also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods and disclosure. A valuation allowance is recorded against deferred tax assets if management does not believe the Company has met the "more likely than not" standard imposed by this guidance to allow recognition of such an asset. Management recorded a full valuation allowance at October 31, 2017 and 2016 against the deferred tax assets as it deems future realization would not meet the "more likely than not" criteria. Warrant Derivative liability The Company classifies warrants on its consolidated balance sheets as a derivative liability which is fair valued at each reporting period subsequent to the initial issuance as the functional currency of Silver Bull is the U.S. Dollar and the exercise price of the warrants is the Canadian Dollar ("$CDN"). The Company has used the Black-Scholes pricing model to fair value the warrants that do not have an acceleration feature and has used the Monte Carlo valuation model to fair value the warrants that do have an acceleration feature. Determining the appropriate fair-value model and calculating the fair value of warrants requires considerable judgment. Any change in the estimates used may cause the value to be higher or lower than that reported. The estimated volatility of the Company's common stock at the date of issuance, and at each subsequent reporting period, is based on the historical volatility adjusted to reflect the implicit discount to historical volatilities observed in the prices of traded warrants. The risk-free interest rate is based on rates published by the government for bonds with a maturity similar to the expected remaining life of the warrants at the valuation date. The expected life of the warrants is assumed to be equivalent to their remaining contractual term. The dividend yield is expected to be none as the Company has not paid dividend nor does the Company anticipate paying any dividend in the foreseeable future. The derivative is not traded in an active market and the fair value is determined using valuation techniques. The estimates may be significantly different from those recorded in the consolidated financial statements because of the use of judgment and the inherent uncertainty in estimating the fair value of these instruments that are not quoted in an active market. All changes in the fair value are recorded in the consolidated statement of operations and comprehensive loss each reporting period. Stock-Based Compensation The Company uses the Black-Scholes pricing model as a method for determining the estimated fair value for all stock options awarded to employees, officers, directors and consultants. The expected term of the options is based upon evaluation of historical and expected future exercise behavior. The risk-free interest rate is based upon U.S. Treasury rates at the date of grant with maturity dates approximately equal to the expected life of the options. Volatility is determined based upon historical volatility of the Company's stock and adjusted if future volatility is expected to vary from historical experience. The dividend yield is assumed to be none as the Company has not paid dividends nor does the Company anticipate paying any dividends in the foreseeable future. The Company uses the graded vesting attribution method to recognize compensation costs over the requisite service period. Stock options granted to consultants when the exercise price is the $CDN are classified as stock option liability on the Company's consolidated balance sheets upon vesting. Loss per Share Basic loss per share includes no dilution and is computed by dividing net loss available to common shareholders by the weighted average common shares outstanding for the period. Diluted loss per share reflects the potential dilution of securities that could share in the earnings of an entity similar to fully diluted loss per share. Although there were stock options and warrants in the aggregate of 39,958,986 shares and 16,058,258 shares outstanding at October 31, 2017 and 2016, respectively, they were not included in the calculation of loss per share because they would have been considered anti-dilutive. Foreign Currency Translation During the years ended October 31, 2017 and 2016, the functional currency of Silver Bull Resources, Inc. and its subsidiaries is the U.S. dollar except for the Gabonese subsidiaries whose functional currency is the Central African franc ("$CFA"). During the years ended October 31, 2017 and 2016, the Company's Mexican operations' monetary assets and liabilities were translated into U.S. dollars at the period-end exchange rate and non-monetary assets and liabilities were translated using the historical exchange rate. The Company's Mexican operations' revenue and expenses were translated at the average exchange rate during the period except for depreciation of office and mining equipment, cost of office and mining equipment sold and impairment of property concessions which are translated using the historical exchange rate. Foreign currency translation gains and losses of the Company's Mexican operations are included in the consolidated statement of operations. During the years ended October 31, 2017 and 2016, assets and liabilities of the Company's Gabonese operations were translated into U.S. dollars at the period-end exchange rate, and revenue and expenses were translated at the average exchange rate during the period. Exchange differences arising on translation were disclosed as a separate component of stockholders' equity. Realized gains and losses from foreign currency transactions were reflected in the results of operations. Upon the liquidation of African Resources, we reclassified certain amount from other comprehensive income to gain on liquidation of subsidiary in the consolidated statements of operations and comprehensive loss. Accounting for Loss Contingencies and Legal Costs From time to time, the Company is named as a defendant in legal actions arising from its normal business activities. The Company records an accrual for the estimated loss from a loss contingency when information available prior to issuance of its financial statements indicates that it is probable that a liability has been incurred at the date of the financial statements and the amount of the loss can be reasonably estimated. Disclosure of a loss contingency is made by the Company if there is at least a reasonable possibility that a loss has been incurred, and either an accrual has not been made or an exposure to loss exists in excess of the amount accrued. In cases where only disclosure of the loss contingency is required, either the estimated loss or a range of estimated loss is disclosed or it is stated that an estimate cannot be made. Legal costs incurred in connection with loss contingencies are considered period costs and accordingly are expensed in the period services are provided. Recent Accounting Pronouncements Adopted in the Year Effective February 1, 2017, the Company adopted the Financial Accounting Standards Board's ("FASB") Accounting Standards Update ("ASU") 2017-04, "Simplifying the Test for Goodwill Impairment (Topic 350): Intangibles—Goodwill and Other," which simplifies the subsequent measurement of goodwill by eliminating Step 2 from the goodwill impairment test. 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. Effective November 1, 2016, the Company adopted the FASB's ASU 2015-16, "Simplifying the Accounting for Measurement-Period Adjustments," which eliminates the requirement for an acquirer to retrospectively adjust the financial statements for measurement-period adjustments that occur in periods after a business combination is consummated. 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. Effective November 1, 2016, the Company adopted the FASB's ASU 2015-03, "Simplifying the Presentation of Debt Issuance Costs," which requires that debt issuance costs related to a recognized debt liability be presented as a reduction to the carrying amount of that debt liability, not as an asset. 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. Effective November 1, 2016, the Company adopted the FASB's ASU 2015-02, "Consolidation (Topic 810): Amendments to the Consolidation Analysis," which amends the consolidation requirements in Accounting Standards Codification 810. 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. Effective November 1, 2016, the Company adopted 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. Recent Accounting Pronouncements Not Yet Adopted In January 2017, the FASB issued ASU 2017-01, "Business Combinations (Topic 805): Clarifying the Definition of a Business," which clarifies the definition of a business to assist entities in the evaluation of acquisitions and disposals of assets or businesses. These changes become effective for the Company's fiscal year beginning November 1, 2018. At this time, the Company has not determined the effects of this update on the Company's financial position, results of operations or cash flows and disclosures. In November 2016, the FASB issued ASU 2016-18, "Statement of Cash Flows (Topic 230): Restricted Cash," which will require entities to show the changes in the total of cash, cash equivalents, restricted cash and restricted cash equivalents in the statement of cash flows. These changes become effective for the Company's fiscal year beginning November 1, 2018. At this time, the Company has not determined the effects of this update on the Company's financial position, results of operations or cash flows and disclosures. In August 2016, the FASB issued ASU 2016-15, "Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments," which provides guidance on the presentation and classification of certain cash receipts and payments in the statement of cash flows. These changes become effective for the Company's fiscal year beginning November 1, 2018. At this time, the Company has not determined the effects of this update on the Company's financial position, results of operations or cash flows and disclosures. In March 2016, the FASB issued ASU 2016-09, "Improvements to Employee Share-Based Payment Accounting," which amends several aspects of the accounting for share-based payment transactions, including income tax consequences, the classification of awards as either equity or liabilities, and the classification on the statement of cash flows. These changes become effective for the Company's fiscal year beginning November 1, 2017. At this time, the Company has not determined the effects of this update on the Company's financial position, results of operations or cash flows and disclosures. In February 2016, the FASB issued ASU 2016-02, "Leases," which will require lessees to recognize assets and liabilities for the rights and obligations created by most leases on the balance sheet. These changes become effective for the Company's fiscal year beginning November 1, 2019. Modified retrospective adoption for all leases existing at, or entered into after, the date of initial application, is required with an option to use certain transition relief. At this time, the Company has not determined the effects of this update on the Company's financial position, results of operations or cash flows and disclosures. In January 2016, the FASB issued ASU 2016-01, "Financial Instruments – Overall: Recognition and Measurement of Financial Assets and Financial Liabilities," which (i) requires equity investments (except those accounted for under the equity method of accounting, or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income, (ii) requires public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes, (iii) requires separate presentation of financial assets and financial liabilities by measurement category and form of financial asset, and (iv) eliminates the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost. These changes become effective for the Company's fiscal year beginning November 1, 2018. Early application is permitted. At this time, the Company has not determined the effects of this update on the Company's financial position, results of operations or cash flows and disclosures. In November 2015, the FASB issued ASU 2015-17, "Balance Sheet Classification of Deferred Taxes," which requires entities with a classified balance sheet to present all deferred tax assets and liabilities as noncurrent. These changes become effective for the Company's fiscal year beginning November 1, 2017. Early application is permitted. At this time, the Company has not determined the effects of this update on the Company's financial position, and disclosures. In August 2015, the FASB issued ASU 2015-14, "Deferral of the Effective Date," which defers the effective date of ASU 2014-09, "Revenue from Contracts with Customers" to become effective for the Company's fiscal year beginning November 1, 2018. he Company has not determined the effects of this update on the Company's financial position, results 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.

VALUE-ADDED TAX RECEIVABLE

VALUE-ADDED TAX RECEIVABLE	12 Months Ended
	Oct. 31, 2017
VALUE-ADDED TAX RECEIVABLE [Abstract]
VALUE-ADDED TAX RECEIVABLE	NOTE 3 – VALUE-ADDED TAX RECEIVABLE Value-added tax ("VAT") receivable relates to VAT paid in Mexico. The Company estimates net VAT of $156,997 will be received within 12 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 estimated net recovery after commissions. During the fiscal year ended October 31, 2017, a recovery of VAT originating from Gabon of $52,951 and Mexico of $17,030 has been recorded in the consolidated statements of operations and comprehensive loss. A summary of the changes in the allowance for uncollectible VAT taxes related to Mexico for the fiscal years ended October 31, 2017 is as follows: Allowance for uncollectible VAT taxes – October 31, 2015 $ 103,429 Provision for uncollectible VAT Taxes 1,726 Write-off VAT receivable (3,835 ) Foreign currency translation adjustment (13,037 ) Allowance for uncollectible VAT taxes – October 31, 2016 88,283 Recovery of uncollectible VAT Taxes (17,030 ) Write-off VAT receivable (2,312 ) Foreign currency translation adjustment (1,212 ) Allowance for uncollectible taxes – October 31, 2017 $ 67,729

ASSETS HELD FOR SALE

ASSETS HELD FOR SALE	12 Months Ended
	Oct. 31, 2017
ASSETS HELD FOR SALE [Abstract]
ASSETS HELD FOR SALE	NOTE 4 – ASSETS HELD FOR SALE The Company classified certain office and mining equipment as assets held for sale as at October 31, 2016 as these assets were ready for immediate sale in their present condition, the assets were expected to be sold within one year and management had an active program to locate buyers for these assets. During the year ended October 31, 2017, the Company reclassified $11,656 from assets held for sale to office and mining equipment as management no longer expected to sell these assets within one year. Impairments included in depreciation, asset and property concessions' impairment of $4,354 and $13,788 were recorded on assets held for sale during the year ended October 31, 2017 and 2016, respectively. During the year ended October 31, 2017 and 2016, the Company recorded a gain on sale of office and mining equipment of $nil and $132,817, respectively, which is included in miscellaneous income in the consolidated statements of operations and comprehensive loss.

OFFICE AND MINING EQUIPMENT

OFFICE AND MINING EQUIPMENT	12 Months Ended
	Oct. 31, 2017
Property, Plant and Equipment [Abstract]
OFFICE AND MINING EQUIPMENT	NOTE 5 – OFFICE AND MINING EQUIPMENT The following is a summary of the Company's office and mining equipment at October 31, 2017 and October 31, 2016, respectively: October 31, October 31, 2017 2016 Mining equipment $ 358,513 $ 291,529 Vehicles 53,451 53,451 Buildings and structures 185,724 182,436 Computer equipment and software 74,236 83,701 Well equipment 39,637 39,637 Office equipment 47,597 52,931 759,158 703,685 Less: Accumulated depreciation (550,403 ) (477,384 ) Office and mining equipment, net $ 208,755 $ 226,301

PROPERTY CONCESSIONS

PROPERTY CONCESSIONS	12 Months Ended
	Oct. 31, 2017
PROPERTY CONCESSIONS [Abstract]
PROPERTY CONCESSIONS	NOTE 6 – PROPERTY CONCESSIONS The following is a summary of the Company's property concessions in Sierra Mojada, Mexico as at October 31, 2017 and 2016, respectively: Property Concessions – October 31, 2015 $ 5,593,263 Impairment (588,877 ) Property Concessions – October 31, 2016 5,004,386 Property Concessions – October 31, 2017 $ 5,004,386 During the fiscal year ended October 31, 2016, the Company decided to reduce the Company's concession holdings in Sierra Mojada, Mexico. As a result, the Company has written off the capitalized property concession balance related to these concessions of $588,877.

GOODWILL

GOODWILL	12 Months Ended
	Oct. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL	NOTE 7 – 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. The following is a summary of the Company's goodwill balance as at October 31, 2017 and 2016, respectively: Goodwill – October 31, 2017 and 2016 $ 2,058,031

ACCRUED LIABILITIES AND EXPENSE

ACCRUED LIABILITIES AND EXPENSES	12 Months Ended
	Oct. 31, 2017
Accrued Liabilities and Other Liabilities [Abstract]
ACCRUED LIABILITIES AND EXPENSES	NOTE 8 – ACCRUED LIABILITIES AND EXPENSES During the year ended October 31, 2017 and 2016, the Company financed an insurance premium at an interest rate of 7.99% and 7.49% respectively. The insurance premium finance agreements have a maturity of less than one year and have a balance of $84,000 and $87,000 respectively which are included in accrued liabilities and expenses at October 31, 2017 and 2016.

SHAREHOLDER RIGHTS PLAN

SHAREHOLDER RIGHTS PLAN	12 Months Ended
	Oct. 31, 2017
SHAREHOLDER RIGHTS PLAN [Abstract]
SHAREHOLDER RIGHTS PLAN	NOTE 9 – SHAREHOLDER RIGHTS PLAN On June 11, 2007, the board of directors adopted a shareholders' rights 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 share of common stock purchase right (a "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 Agreement, one Right was attached to each share of Company common stock issued since that date. Each Right was attached to the underlying common stock and would remain with the common stock if the stock is sold or transferred. The Rights expired on June 11, 2017.

COMMON STOCK

COMMON STOCK	12 Months Ended
	Oct. 31, 2017
Stockholders' Equity Note [Abstract]
COMMON STOCK	NOTE 10 – COMMON STOCK On January 10, 2018, 200,000 warrants to acquire 200,000 shares of common stock were exercised at an exercise price of $CDN 0.13 per share of common stock for aggregate gross proceeds of $20,806 ($CDN 26,000). On July 10 and August 3, 2017, the Company completed a two tranche private placement for 21,365,000 units at a purchase price of $CDN 0.08 per unit (the "$CDN 0.08 Unit") for gross proceeds of $1,330,976 ($CDN 1,709,200). Each $CDN 0.08 Unit consists of one share of the Company's common stock and one warrant (the "$CDN 0.08 Warrant"). Each $CDN 0.08 Warrant entitles the holder thereof to acquire one share of common stock at a price of $CDN 0.13 for a period of 24 months from the closing of the private placement. The Company paid a 7% finder's fee totaling $78,169 to agents with respect to certain purchasers who were introduced by these agents. In addition, the agents received 1,259,300 non-transferable warrants (the "2017 Agent's Warrants"). Each 2017 Agent's Warrant entitles the agents to acquire one share of common stock at a price of $CDN 0.10 for a period of 24 months from the closing of the private placement. The fair value of the 2017 Agent's Warrants was determined to be $12,967 (Note 12), and the Company incurred other offering costs of $92,910. Of these costs $18,819 is included in warrant issuance costs in the consolidated statements of operations and comprehensive loss. On May 19, 2016, June 3, 2016 and June 29, 2016, the Company completed a three tranche private placement for an aggregate of 11,362,310 units at a purchase price of $CDN 0.13 per unit (the "$CDN 0.13 Unit") for aggregate gross proceeds of $1,137,643 ($CDN 1,477,100). Each $CDN 0.13 Unit consists of one share of the Company's common stock and one warrant (the "$CDN 0.13 Warrant"). Each $CDN 0.13 Warrant entitles the holder thereof to acquire one share of common stock at a price of $CDN 0.16 for the period of 12 months from the closing of the tranche of the private placement. If the closing price of the common stock of the Company on the OTCQB Venture Marketplace is $0.18 or higher for five consecutive trading days, then the $CDN 0.13 Warrant will expire 30 trading days from such fifth consecutive day. The Company paid an 8% finder's fee totaling $19,644 to certain agents with respect to certain purchasers who were introduced by these agents. The Company incurred other costs of $55,799 related to this private placement. On July 20, 2016, the Company completed a private placement of an aggregate of 4,340,000 units at a purchase price of $CDN 0.15 per unit (the "$CDN 0.15 Unit") for aggregate gross proceeds of $504,729 ($CDN 651,000). Each $CDN 0.15 Unit consists of one share of the Company's common stock and one warrant (the "$CDN 0.15 Warrant"). Each $CDN 0.15 Warrant entitles the holder thereof to acquire one share of common stock at a price of $CDN 0.16 for the period of 36 months from the closing of the private placement. If, commencing on the date that is four months after the closing of the private placement, the closing price of the common stock on the TSX is higher than $CDN 0.30 for 20 consecutive trading days, then on the 20th consecutive trading day (the "Acceleration Trigger Date") the expiry date of the $CDN 0.15 Warrants may be accelerated to the 20th trading day after the Acceleration Trigger Date by the issuance, within three trading days of the Acceleration Trigger Date, of a news release announcing such acceleration. The Company paid a 6% finder's fee totaling $23,326 to a placement agent with respect to certain purchasers who were introduced by this agent. In addition, the placement agent received 200,400 non-transferable warrants (the "Placement Agent's Warrants") . On August 5, 2016, the warrant expiry acceleration clause contained in the $CDN 0.13 Warrants was triggered following a period of five consecutive trading days in which the closing price of the common stock of the Company on the OTCQB Venture Marketplace was $0.18 or higher. In total, 11,362,310 $CDN 0.13 Warrants were accelerated with a new expiration date of September 19, 2016. On September 15, 2016, 2,500,000 warrants to acquire 2,500,000 shares of common stock were exercised at an exercise price of $CDN 0.16 per share of common stock . to acquire 620,000 shares of common stock were exercised at an exercise price of $CDN 0.16 per share of common stock .

STOCK OPTIONS

STOCK OPTIONS	12 Months Ended
	Oct. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
STOCK OPTIONS	NOTE 11 – STOCK OPTIONS The Company has one active stock option plan, the 2010 Stock Option and Stock Bonus Plan (the "2010 Plan"). Under 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. Under the 2006 Stock Option Plan (the "2006 Plan"), the Company was permitted to grant non-statutory and incentive options to employees, directors and consultants for up to a total of 5,000,000 shares of common stock. However, as of May 1, 2016, no additional options may be issued under the 2006 Plan. 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 one to two years and have a contractual term of two to 10 years. A summary of the range of assumptions used to value stock options granted for the years ended October 31, 2017 and 2016 are as follows: Year Ended October 31, Options 2017 2016 Expected volatility 78% – 87% 65% – 84% Risk-free interest rate 1.35% – 1.56% 0.79% – 0.98% Dividend yield — — Expected term (in years) 2.50 – 3.50 2.50 – 3.50 During the year ended October 31, 2017, the Company granted options to acquire 4,075,000 shares of common stock with a weighted-average grant-date fair value of $0.05 per share and an exercise price of $CDN 0.125 per share. No options were exercised during the year ended October 31, 2017. During the year ended October 31, 2016, the Company granted options to acquire 4,075,000 shares of common stock with an exercise price of $CDN 0.075 and 300,000 shares of common stock with an exercise price of $CDN 0.255. The weighted-average grant-date fair value of stock options granted was $0.03 per share. No options were exercised during the fiscal year ended October 31, 2016. The following is a summary of stock option activity for the fiscal years ended October 31, 2017 and 2016: Options Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Years) Aggregate Intrinsic Value Outstanding at October 31, 2015 8,657,858 $ 0.46 2.36 $ — Granted 4,375,000 0.06 Expired (1,000,000 ) 0.85 Forfeited or Cancelled (515,000 ) 0.46 Outstanding at October 31, 2016 11,517,858 0.28 2.66 $ 227,891 Granted 4,075,000 0.09 Expired (2,770,000 ) 0.52 Cancelled (28,572 ) 2.18 Outstanding at October 31, 2017 12,794,286 $ 0.16 2.98 $ 110,622 Exercisable at October 31, 2017 8,619,286 $ 0.20 2.44 $ 73,748 The Company recognized stock-based compensation costs for stock options of $152,349 and $102,993 for the fiscal years ended October 31, 2017 and 2016, respectively. As of October 31, 2017, there remains $82,762 of total unrecognized compensation expense, which is expected to be recognized over a weighted average period of 0.54 years. Summarized information about stock options outstanding and exercisable at October 31, 2017 is as follows: Options Outstanding Options Exercisable Exercise Price Number Outstanding Weighted Average Remaining Contractual Life (Years) Weighted Average Exercise Price Number Exercisable Weighted Average Exercise Price $ 0.06 4,075,000 3.32 $ 0.06 2,716,666 $ 0.06 0.10 4,075,000 4.43 0.10 1,358,334 0.10 0.20 – 0.26 2,625,000 2.06 0.25 2,525,000 0.26 0.37 1,705,000 0.65 0.37 1,705,000 0.37 0.50 300,000 0.10 0.50 300,000 0.50 2.18 14,286 0.22 2.18 14,286 2.18 $ 0.06 – 2.18 12,794,286 2.98 $ 0.16 8,619,286 $ 0.20 The following is a summary of the Company's stock option liability at October 31, 2017 and October 31, 2016: Stock option liability at October 31, 2016 $ — Reclassification from additional paid-in capital 12,115 Change in fair value of stock option liability (6,921 ) Stock option liability at October 31, 2017 $ 5,194

WARRANTS

WARRANTS	12 Months Ended
	Oct. 31, 2017
Warrants and Rights Note Disclosure [Abstract]
WARRANTS	NOTE 12 – WARRANTS A summary of warrant activity for the fiscal years ended October 31, 2017 and 2016 is as follows: Warrants Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Years) Aggregate Intrinsic Value Outstanding at October 31, 2015 — $ — — — Issued in the $CDN 0.13 Unit private placement (Note 10) 11,362,310 $ 0.12 Issued in the $CDN 0.15 Unit private placement (Note 10) 4,340,000 0.12 Placement Agent's Warrants (Note 10) 200,400 0.16 Exercised (Note 10) (3,120,000 ) 0.12 Expired (8,242,310 ) 0.12 Outstanding and exercisable at October 31, 2016 4,540,400 $ 0.12 2.67 $ — Issued in the $CDN 0.08 Unit private placement (Note 10) 21,365,000 $ 0.10 Agent's Warrants (Note 10) 1,259,300 0.08 Outstanding and exercisable at October 31, 2017 27,164,700 $ 0.10 1.70 $ 9,769 On January 15, 2018, the Company received gross proceeds of $CDN 81,250 related to a warrant exercise of 625,000 warrants at an exercise price of $CDN 0.13 per share of common stock. On January 10, 2018, 200,000 warrants to acquire 200,000 shares of common stock were exercised at an exercise price of $CDN 0.13 per share of common stock for aggregate gross proceeds of $20,806 ($CDN 26,000). During the year ended October 31, 2017, the Company issued 21,365,000 warrants with an exercise price of $CDN 0.13 in connection with the $CDN 0.08 Unit private placement and issued 1,259,300 compensation warrants to agents with an exercise price of $CDN 0.10 (Note 10). The fair value of the warrants issued on the date of issuance in the $CDN 0.08 Unit private placement was determined to be $139,423 based on the Black-Scholes pricing model. The fair value of the 2017 Agent's Warrants on the date of issuance was determined to be $12,967 based on the Black-Scholes pricing model. No warrants were exercised during the year ended October 31, 2017. During the year ended October 31, 2016, the Company issued 11,362,310 warrants with an exercise price of $CDN 0.16 in connection with the $CDN 0.13 Unit private placement (Note 10). On August 5, 2016, the warrant expiry acceleration clause contained in the $CDN 0.13 Warrants was triggered following a period of five consecutive trading days in which the closing price of the common stock of the Company on the OTCQB Venture Marketplace was $0.18 or higher. In total, 11,362,310 $CDN 0.13 Warrants were accelerated with a new expiration date of September 19, 2016. On September 15, 2016, 2,500,000 warrants to acquire 2,500,000 shares of common stock were exercised at an exercise price of $CDN 0.16 per share of common stock for aggregate gross proceeds of $303,951 ($CDN 400,000). to acquire 620,000 shares of common stock were exercised at an exercise price of $CDN 0.16 per share of common stock for aggregate proceeds of $75,112 ($CDN 99,200). These warrants had an intrinsic value of $57,737 at the time of exercise. On July 20, 2016, the Company issued 4,340,000 warrants with an exercise price of $CDN 0.16 in connection with the $CDN 0.15 Unit private placement and issued 200,400 compensation warrants to a placement agent with an exercise price of $CDN 0.205 (Note 10). The fair value of the warrants issued on the date of issuance in the $CDN 0.16 Unit private placement was $94,143 based upon the Monte Carlo valuation model. The Company's warrants have been recognized as a derivative liability. Summarized information about warrants outstanding and exercisable at October 31, 2017 is as follows: Warrants Outstanding and Exercisable Exercise Price Number Outstanding Weighted Average Remaining Contractual Life (Years) Weighted Average Exercise Price $ 0.08 1,259,300 1.69 $ 0.08 0.10 21,365,000 1.70 0.10 0.12 4,340,000 1.72 0.12 0.16 200,400 0.72 0.16 $ 0.08 – 0.16 27,164,700 1.70 $ 0.10 If the closing price of the common stock on the TSX is higher than $CDN 0.30 for 20 consecutive trading days, then on the 20th consecutive trading day (the "Acceleration Trigger Date") the expiry date of the above $0.12 and $0.16 warrants may be accelerated to the 20th trading day after the Acceleration Trigger Date by the issuance, within three trading days of the Acceleration Trigger Date, of a news release announcing such acceleration The following is a summary of the Company's warrant derivative liability at October 31, 2017 and October 31, 2016: Warrant derivative liability at October 31, 2016 and 2015 $ — Reclassification from additional paid-in capital 94,143 Warrants issued in $CDN 0.08 Unit private placement 139,423 Agent's warrants issued in $CDN 0.08 Unit private placement 12,967 Change in fair value of warrant derivative liability 100,020 Foreign currency translation adjustment (4,836 ) Warrant derivative liability at October 31, 2017 $ 341,717

INCOME TAXES

INCOME TAXES	12 Months Ended
	Oct. 31, 2017
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 13 – INCOME TAXES Provision for Taxes The Company files a United States federal income tax return and a Canadian branch return on a fiscal year-end basis and files Mexican income tax returns for its three Mexican subsidiaries on a calendar year-end basis. The Company and two of its wholly-owned subsidiaries, Minera Metalin and Minas, have not generated taxable income since inception. Contratistas, another wholly-owned Mexican subsidiary, has historically generated taxable income based upon intercompany fees billed to Minera Metalin on the services it provides. On April 16, 2010, a wholly-owned subsidiary of the Company was merged with and into Dome, resulting in Dome becoming a wholly-owned subsidiary of the Company. Dome, a Delaware corporation, files a tax return in the United States as part of the Company's consolidated tax return. The components of loss before income taxes were as follows: For the year ended 2017 2016 United States $ (1,339,000 ) $ (1,363,000 ) Foreign (713,000 ) (863,000 ) Loss before income taxes $ (2,052,000 ) $ (2,226,000 ) The components of the provision for income taxes are as follows: For the year ended 2017 2016 Foreign Current tax expense $ 1,867 $ 9,108 Deferred tax expense — — $ 1,867 $ 9,108 The Company's provision for income taxes for the fiscal year ended October 31, 2017 consisted of a tax expense of $1,867 related to a provision for income taxes for Contratistas and the Silver Bull Canadian branch return for the fiscal year ended October 31, 2017. The reconciliation of the provision for income taxes computed at the U.S. statutory rate to the provision for income tax as shown in the statement of operations and comprehensive loss is as follows: For the year ended October 31, 2017 2016 Income tax benefit calculated at U.S. federal income tax rate $ (718,000 ) $ (779,000 ) Differences arising from: Other permanent differences 130,000 40,000 Differences due to foreign income tax rates 43,000 43,000 Adjustment to prior year taxes (77,000 ) 493,000 Inflation adjustment foreign net operating loss (422,000 ) (242,000 ) Foreign currency fluctuations 115,000 1,731,000 Increase (decrease) in valuation allowance 353,000 (1,452,000 ) Net operation loss carry forwards expiration – Mexico 565,000 173,000 Other 13,000 2,000 Net income tax provision $ 2,000 $ 9,000 The components of the deferred tax assets at October 31, 2017 and 2016 were as follows: October 31, 2017 2016 Deferred tax assets: Net operating loss carry forwards – U.S. $ 11,766,000 $ 11,353,000 Net capital loss carry forwards – U.S. 103,000 103,000 Net operating loss carry forwards – Mexico 8,111,000 8,300,000 Stock-based compensation – U.S. 11,000 24,000 Exploration Costs. 122,000 — Other – U.S. 36,000 35,000 Other – Mexico 38,000 19,000 Total net deferred tax assets 20,187,000 19,834,000 Less: valuation allowance (20,187,000 ) (19,834,000 ) Net deferred tax asset $ — $ — At October 31, 2017, the Company has U.S. net operating loss carry-forwards of approximately $34 million which expire in the years 2018 through 2037. The Company has U.S net capital loss carry-forwards of approximately $0.3 million which expire in the year 2020. The Company has approximately $27 million of net operating loss carry-forwards in Mexico which expire in the years 2018 through 2027. The valuation allowance for deferred tax assets of $20.2 and $19.8 million at October 31, 2017 and 2016, respectively, relates principally to the uncertainty of the utilization of certain deferred tax assets, primarily net operating loss carry forwards in various tax jurisdictions. The Company continually assesses both positive and negative evidence to determine whether it is more likely than not that the deferred tax assets can be realized prior to their expiration. Based on the Company's assessment, it has determined that the deferred tax assets are not currently realizable. On December 22, 2017 United States tax legislation was enacted that will reduce the United States corporate tax rate from 35% to 21% effective January 1, 2018. Net Operating Loss Carry Forward Limitation The Tax Reform Act of 1986 contains provisions that limit the utilization of net operating loss and tax credit carry forwards if there has been a change in ownership as described in Section 382 of the Internal Revenue Code. As a result of the Dome merger in April 2010, substantial changes in the Company's ownership have occurred that may limit or reduce the amount of net operating loss carry forwards that the Company could utilize in the future to offset taxable income. The Company has not completed a detailed Section 382 study at this time to determine what impact, if any, that ownership changes may have had on its operating loss carry forwards. In each period since its inception, the Company has recorded a valuation allowance for the full amount of its deferred tax assets, as the realization of the deferred tax asset is uncertain. As a result, the Company has not recognized any federal or state income tax benefit in its consolidated statement of operations and comprehensive loss. Accounting for Uncertainty in Income Taxes During the fiscal years ended October 31, 2017 and 2016, the Company has not identified any unrecognized tax benefits or had any additions or reductions in tax positions and therefore a reconciliation of the beginning and ending amount of unrecognized tax benefits is not presented. The Company does not have any unrecognized tax benefits as of October 31, 2017, and accordingly the Company's effective tax rate will not be materially affected by unrecognized tax benefits. The following tax years remain open to examination by the Company's principal tax jurisdictions: United States: 2013 and all following years Mexico: 2012 and all following years Canada: 2013 and all following years The Company has not identified any uncertain tax position for which it is reasonably possible that the total amount of unrecognized tax benefit will significantly increase or decrease within the next 12 months. The Company's policy is to classify tax related interest and penalties as income tax expense. There is no interest or penalties estimated on the underpayment of income taxes as a result of unrecognized tax benefits.

FINANCIAL INSTRUMENTS

FINANCIAL INSTRUMENTS	12 Months Ended
	Oct. 31, 2017
Fair Value Disclosures [Abstract]
FINANCIAL INSTRUMENTS	NOTE 14 – 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 financial assets or the assumption of liabilities carried at amortized cost, in which case the transaction costs adjust the carrying amount. 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; and 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. The Company's financial instruments consist of cash and cash equivalents, accounts payable, stock option liability and warrant derivative liability. The carrying amounts of cash and cash equivalents and accounts payable approximate fair value at October 31, 2017 and 2016 due to the short maturities of these financial instruments. Derivative liability The Company classifies warrants on its consolidated balance sheets as a derivative liability which is fair valued at each reporting period subsequent to the initial issuance as the functional currency of Silver Bull is the U.S. Dollar and the exercise price of the warrants is the $CDN. The Company has used the Black-Scholes pricing model to fair value the warrants that do not have an acceleration feature and has used the Monte Carlo valuation model to fair value the warrants that do have an acceleration feature (Note 12). Determining the appropriate fair-value model and calculating the fair value of warrants requires considerable judgment. Any change in the estimates used may cause the value to be higher or lower than that reported. The estimated volatility of the Company's common stock at the date of issuance, and at each subsequent reporting period, is based on the historical volatility adjusted to reflect the implicit discount to historical volatilities observed in the prices of traded warrants. The risk-free interest rate is based on rates published by the government for bonds with a maturity similar to the expected remaining life of the warrants at the valuation date. The expected life of the warrants is assumed to be equivalent to their remaining contractual term. The dividend yield is expected to be none as the Company has not paid dividends nor does the Company anticipate paying any dividend in the foreseeable future. The derivative is not traded in an active market and the fair value is determined using valuation techniques. The estimates may be significantly different from those recorded in the consolidated financial statements because of the use of judgment and the inherent uncertainty in estimating the fair value of these instruments that are not quoted in an active market. All changes in the fair value are recorded in the consolidated statement of operations and comprehensive loss each reporting period. This is considered to be a Level 3 financial instrument. The Company has the following liabilities under the fair value hierarchy: October 31, 2017 Liability Level 1 Level 2 Level 3 Stock option liability $ — $ — $ 5,194 Warrant derivative liability $ — $ — $ 341,717 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 that counterparties demonstrate minimum acceptable credit worthiness. The Company maintains its U.S. dollar and $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 U.S. dollar deposits held in Canadian financial institutions. As of October 31, 2017 and 2016, the Company's cash and cash equivalent balances held in United States and Canadian financial institutions included $578,773 and $1,375,673 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 October 31, 2017 and 2016, the U.S. dollar equivalent balance for these accounts was $25,408 and $17,010, 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 fiscal year ended October 31, 2017, a 1% decrease in interest rates would have resulted in a reduction in interest income for the period of approximately $2,661. Foreign Currency Exchange Risk The Company is not subject to any material market risk related to foreign currency exchange rate fluctuations.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Oct. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 15 – COMMITMENTS AND CONTINGENCIES Compliance with Environmental Regulations The Company's exploration 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. Royalty The Company has agreed to pay a 2% net smelter return royalty on certain property concessions within the Sierra Mojada Property based on the revenue generated from production. Total payments under this royalty are limited to $6.875 million (the "Royalty"). Litigation and Claims On May 20, 2014, a local cooperative named Sociedad Cooperativa de Exploración Minera Mineros Norteños, S.C.L. ("Mineros Norteños") filed an action in the Local First Civil Court in the District of Morelos, State of Chihuahua, Mexico, against the Company's subsidiary, Minera Metalin, claiming that Minera Metalin breached an agreement regarding the development of the Sierra Mojada Property. Mineros Norteños sought payment of the Royalty, including interest at a rate of 6% per annum since August 30, 2004, even though no revenue has been produced from the applicable mining concessions. It also sought payment of wages to the cooperative's members since August 30, 2004, even though none of the individuals were ever hired or performed work for Minera Metalin under this agreement and Minera Metalin never committed to hiring them. On January 19, 2015, the case was moved to the Third District Court (of Federal jurisdiction). On October 4, 2017, the court ruled that Mineros Norteños was time barred from bringing the case. On October 19, 2017, Mineros Norteños appealed this ruling. The Company and the Company's Mexican legal counsel believe that it is unlikely that the court's ruling will be overturned. The Company has not accrued any amounts in its consolidated financial statements with respect to this claim. On February 15, 2016, Messrs. Jaime Valdez Farias and Maria Asuncion Perez Alonso (collectively, "Valdez") filed an action before the Local First Civil Court of Torreon, State of Coahuila, Mexico, against the Company's subsidiary, Minera Metalin, claiming that Minera Metalin had breached an agreement regarding the development of the Sierra Mojada Property. Valdez sought payment in the amount of $5.9 million for the alleged breach of the agreement. On April 28, 2016, Minera Metalin filed its response to the complaint, asserting various defenses, including that Minera Metalin terminated the agreement before the payment obligations arose and that certain conditions precedent to such payment obligations were never satisfied by Valdez. The Company and the Company's Mexican legal counsel asserted all applicable defenses. In May 2017, a final judgment was entered finding for us, the defendant, acquitting us of all of the plaintiff's claims and demands. The Company did not accrue any amounts in its consolidated 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 its 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.

SEGMENT INFORMATION

SEGMENT INFORMATION	12 Months Ended
	Oct. 31, 2017
Segment Reporting [Abstract]
SEGMENT INFORMATION	NOTE 16 – 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. Geographic information is approximately as follows: For the Year Ended October 31, 2017 2016 Net loss Mexico $ (928,000 ) $ (1,002,000 ) Canada (1,339,000 ) (1,218,000 ) Gabon 213,000 (15,000 ) Net Loss $ (2,054,000 ) $ (2,235,000 ) The following table details allocation of assets included in the accompanying consolidated balance sheets at October 31, 2017: Canada Mexico Total Cash and cash equivalents $ 657,000 $ 25,000 $ 682,000 Value-added tax receivable, net - 157,000 157,000 Other receivables 4,000 1,000 5,000 Prepaid expenses and deposits 102,000 15,000 117,000 Office and mining equipment, net - 209,000 209,000 Property concessions - 5,004,000 5,004,000 Goodwill - 2,058,000 2,058,000 $ 763,000 $ 7,469,000 $ 8,232,000 The following table details allocation of assets included in the accompanying balance sheet at October 31, 2016: Canada Mexico Total Cash and cash equivalents $ 1,450,000 $ 17,000 $ 1,467,000 Value-added tax receivable, net - 117,000 117,000 Other receivables 3,000 2,000 5,000 Prepaid expenses and deposits 93,000 23,000 116,000 Assets held for sale - 21,000 21,000 Office and mining equipment, net - 226,000 226,000 Property concessions - 5,005,000 5,005,000 Goodwill - 2,058,000 2,058,000 $ 1,546,000 $ 7,469,000 $ 9,015,000 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. The Mexican government does not require foreign entities to maintain cash reserves in Mexico. The following table details allocation of exploration and property holding costs for the exploration properties: For the Year Ended October 31, 2017 2016 Exploration and property holding costs for the period Mexico Sierra Mojada $ (944,000 ) $ (1,112,000 ) Gabon Mitzic 31,000 (15,000 ) $ 913,000 $ (1,127,000 )

SUMMARY OF SIGNIFICANT ACCOUN24

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Oct. 31, 2017
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The Company's consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America ("GAAP") using the accrual method of accounting, except for cash flow amounts.
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries, after elimination of intercompany accounts and transactions. The wholly owned subsidiaries of the Company are listed in Note 1 to the consolidated financial statements.
Use of Estimates	Use of Estimates The preparation of these consolidated financial statements in conformity with GAAP requires management to make estimates based on assumptions about future events that affect the amounts reported in the consolidated financial statements and related notes to the consolidated financial statements. Actual results could differ from those estimates. Estimates and assumptions are reviewed on an ongoing basis based on historical experience and other factors that are considered to be relevant under the circumstances. Revisions to estimates and assumptions are accounted for prospectively. Significant areas involving the use of estimates include determining the allowance for uncollectible taxes, evaluating recoverability of property concessions, evaluating impairment of long-lived assets, evaluating impairment of goodwill, establishing a valuation allowance on future use of deferred tax assets, calculating a valuation for stock option liability, calculating a valuation for warrant derivative liability and calculating stock-based compensation.
Revenue Recognition	Revenue Recognition The Company recognizes revenue when the title and risks and rewards of ownership pass to the buyer, the selling price is fixed and determinable, persuasive evidence of an arrangement exists and collection of the sale proceeds is considered probable. As of October 31, 2017, the Company has not recognized any revenues.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include all highly-liquid investments with an original maturity of three months or less at the date of purchase.
Property Concessions	Property Concessions Property concessions acquisition costs are capitalized when incurred and will be amortized using the units of production method following the commencement of production. If a property concession is subsequently abandoned or impaired, any capitalized costs will be expensed in the period of abandonment or impairment. To date, no property concessions have reached the production stage. Acquisition costs include cash consideration and the fair market value of shares issued on the acquisition of property concessions.
Exploration Costs	Exploration Costs Exploration costs incurred are expensed to the date of establishing that costs incurred are economically recoverable. Exploration expenditures incurred subsequent to the establishment of economic recoverability are capitalized and included in the carrying amount of the related property. To date, the Company has not established the economic recoverability of its exploration prospects; therefore, all exploration costs are being expensed.
Property and Equipment	Property and Equipment Property and equipment are recorded at cost less accumulated depreciation and impairment losses. Assets under construction are depreciated when they are substantially complete and available for their intended use, over their estimated useful lives. Repairs and maintenance of property and equipment are expensed as incurred. Costs incurred to enhance the service potential of property and equipment are capitalized and depreciated over the remaining useful life of the improved asset. Property and equipment are depreciated using the straight-line method over the estimated useful lives of the related assets as follows: · Mining equipment – five to 10 years · Vehicles – four years · Building and structures – 40 years · Computer equipment and software – three years · Well equipment – 10 to 40 years · Office equipment – three to 10 years
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets Management reviews and evaluates its long-lived assets for impairment when events and changes in circumstances indicate that the related carrying amounts of its assets may not be recoverable. Impairment is considered to exist if the future cash flows on an undiscounted basis are less than the carrying amount of the long-lived asset. An impairment loss is measured and recorded based on the difference between book value and fair value of the asset group. In estimating future cash flows, assets are grouped at the lowest level for which there is identifiable cash flows that are largely independent of cash flows from other asset groups. In estimating future cash flows, the Company estimates the price that would be received to sell an asset group in an orderly transaction between market participants at the measurement date. Significant factors that impact this price include the price of silver and zinc, and general market conditions for exploration companies, among other factors.
Assets Held for sale	Assets Held for Sale Office and mining equipment is classified as held for sale when the following conditions are met: (i) assets (or group of assets) are actively marketed for a price which reasonably approximates the fair value at the time of sale; (ii) management has committed to a plan to sell the assets (or group of assets); (iii) the assets (or group of assets) are available for sale in their current condition; and (iv) sale is probable within the next 12 months.
Goodwill	Goodwill Goodwill is the purchase premium after adjusting for the fair value of net assets acquired. The Company tests goodwill for impairment at the reporting unit level at least annually, or more frequently if events or changes in circumstances indicate that the assets may be impaired. Goodwill impairment tests require judgment, including the identification of reporting units, assignment of assets and liabilities to reporting units, assignment of goodwill to reporting units, and determination of the fair value of each reporting unit. The Company performs its annual goodwill impairment tests at April 30 th
Income Taxes	Income Taxes The Company follows the asset and liability method of accounting for income taxes. Under this method, deferred income tax assets and liabilities are determined based on temporary differences between the tax basis and accounting basis of the assets and liabilities measured using tax rates enacted at the balance sheet date. The Company recognizes the tax benefit from uncertain tax positions only if it is at least "more likely than not" that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon settlement with the taxing authorities. This accounting standard also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods and disclosure. A valuation allowance is recorded against deferred tax assets if management does not believe the Company has met the "more likely than not" standard imposed by this guidance to allow recognition of such an asset. Management recorded a full valuation allowance at October 31, 2017 and 2016 against the deferred tax assets as it deems future realization would not meet the "more likely than not" criteria.
Warrant Derivative liability	Warrant Derivative liability The Company classifies warrants on its consolidated balance sheets as a derivative liability which is fair valued at each reporting period subsequent to the initial issuance as the functional currency of Silver Bull is the U.S. Dollar and the exercise price of the warrants is the Canadian Dollar ("$CDN"). The Company has used the Black-Scholes pricing model to fair value the warrants that do not have an acceleration feature and has used the Monte Carlo valuation model to fair value the warrants that do have an acceleration feature. Determining the appropriate fair-value model and calculating the fair value of warrants requires considerable judgment. Any change in the estimates used may cause the value to be higher or lower than that reported. The estimated volatility of the Company's common stock at the date of issuance, and at each subsequent reporting period, is based on the historical volatility adjusted to reflect the implicit discount to historical volatilities observed in the prices of traded warrants. The risk-free interest rate is based on rates published by the government for bonds with a maturity similar to the expected remaining life of the warrants at the valuation date. The expected life of the warrants is assumed to be equivalent to their remaining contractual term. The dividend yield is expected to be none as the Company has not paid dividend nor does the Company anticipate paying any dividend in the foreseeable future. The derivative is not traded in an active market and the fair value is determined using valuation techniques. The estimates may be significantly different from those recorded in the consolidated financial statements because of the use of judgment and the inherent uncertainty in estimating the fair value of these instruments that are not quoted in an active market. All changes in the fair value are recorded in the consolidated statement of operations and comprehensive loss each reporting period.
Stock-Based Compensation	Stock-Based Compensation The Company uses the Black-Scholes pricing model as a method for determining the estimated fair value for all stock options awarded to employees, officers, directors and consultants. The expected term of the options is based upon evaluation of historical and expected future exercise behavior. The risk-free interest rate is based upon U.S. Treasury rates at the date of grant with maturity dates approximately equal to the expected life of the options. Volatility is determined based upon historical volatility of the Company's stock and adjusted if future volatility is expected to vary from historical experience. The dividend yield is assumed to be none as the Company has not paid dividends nor does the Company anticipate paying any dividends in the foreseeable future. The Company uses the graded vesting attribution method to recognize compensation costs over the requisite service period. Stock options granted to consultants when the exercise price is the $CDN are classified as stock option liability on the Company's consolidated balance sheets upon vesting.
Loss Per Share	Loss per Share Basic loss per share includes no dilution and is computed by dividing net loss available to common shareholders by the weighted average common shares outstanding for the period. Diluted loss per share reflects the potential dilution of securities that could share in the earnings of an entity similar to fully diluted loss per share. Although there were stock options and warrants in the aggregate of 39,958,986 shares and 16,058,258 shares outstanding at October 31, 2017 and 2016, respectively, they were not included in the calculation of loss per share because they would have been considered anti-dilutive.
Foreign Currency Translation	Foreign Currency Translation During the years ended October 31, 2017 and 2016, the functional currency of Silver Bull Resources, Inc. and its subsidiaries is the U.S. dollar except for the Gabonese subsidiaries whose functional currency is the Central African franc ("$CFA"). During the years ended October 31, 2017 and 2016, the Company's Mexican operations' monetary assets and liabilities were translated into U.S. dollars at the period-end exchange rate and non-monetary assets and liabilities were translated using the historical exchange rate. The Company's Mexican operations' revenue and expenses were translated at the average exchange rate during the period except for depreciation of office and mining equipment, cost of office and mining equipment sold and impairment of property concessions which are translated using the historical exchange rate. Foreign currency translation gains and losses of the Company's Mexican operations are included in the consolidated statement of operations. During the years ended October 31, 2017 and 2016, assets and liabilities of the Company's Gabonese operations were translated into U.S. dollars at the period-end exchange rate, and revenue and expenses were translated at the average exchange rate during the period. Exchange differences arising on translation were disclosed as a separate component of stockholders' equity. Realized gains and losses from foreign currency transactions were reflected in the results of operations. Upon the liquidation of African Resources, we reclassified certain amount from other comprehensive income to gain on liquidation of subsidiary in the consolidated statements of operations and comprehensive loss.
Accounting for Loss Contingencies and Legal Costs	Accounting for Loss Contingencies and Legal Costs From time to time, the Company is named as a defendant in legal actions arising from its normal business activities. The Company records an accrual for the estimated loss from a loss contingency when information available prior to issuance of its financial statements indicates that it is probable that a liability has been incurred at the date of the financial statements and the amount of the loss can be reasonably estimated. Disclosure of a loss contingency is made by the Company if there is at least a reasonable possibility that a loss has been incurred, and either an accrual has not been made or an exposure to loss exists in excess of the amount accrued. In cases where only disclosure of the loss contingency is required, either the estimated loss or a range of estimated loss is disclosed or it is stated that an estimate cannot be made. Legal costs incurred in connection with loss contingencies are considered period costs and accordingly are expensed in the period services are provided.
Recent Accounting Pronouncements Adopted in the Year	Recent Accounting Pronouncements Adopted in the Year Effective February 1, 2017, the Company adopted the Financial Accounting Standards Board's ("FASB") Accounting Standards Update ("ASU") 2017-04, "Simplifying the Test for Goodwill Impairment (Topic 350): Intangibles—Goodwill and Other," which simplifies the subsequent measurement of goodwill by eliminating Step 2 from the goodwill impairment test. 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. Effective November 1, 2016, the Company adopted the FASB's ASU 2015-16, "Simplifying the Accounting for Measurement-Period Adjustments," which eliminates the requirement for an acquirer to retrospectively adjust the financial statements for measurement-period adjustments that occur in periods after a business combination is consummated. 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. Effective November 1, 2016, the Company adopted the FASB's ASU 2015-03, "Simplifying the Presentation of Debt Issuance Costs," which requires that debt issuance costs related to a recognized debt liability be presented as a reduction to the carrying amount of that debt liability, not as an asset. 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. Effective November 1, 2016, the Company adopted the FASB's ASU 2015-02, "Consolidation (Topic 810): Amendments to the Consolidation Analysis," which amends the consolidation requirements in Accounting Standards Codification 810. 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. Effective November 1, 2016, the Company adopted 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.
Recent Accounting Pronouncements Not Yet Adopted	Recent Accounting Pronouncements Not Yet Adopted In January 2017, the FASB issued ASU 2017-01, "Business Combinations (Topic 805): Clarifying the Definition of a Business," which clarifies the definition of a business to assist entities in the evaluation of acquisitions and disposals of assets or businesses. These changes become effective for the Company's fiscal year beginning November 1, 2018. At this time, the Company has not determined the effects of this update on the Company's financial position, results of operations or cash flows and disclosures. In November 2016, the FASB issued ASU 2016-18, "Statement of Cash Flows (Topic 230): Restricted Cash," which will require entities to show the changes in the total of cash, cash equivalents, restricted cash and restricted cash equivalents in the statement of cash flows. These changes become effective for the Company's fiscal year beginning November 1, 2018. At this time, the Company has not determined the effects of this update on the Company's financial position, results of operations or cash flows and disclosures. In August 2016, the FASB issued ASU 2016-15, "Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments," which provides guidance on the presentation and classification of certain cash receipts and payments in the statement of cash flows. These changes become effective for the Company's fiscal year beginning November 1, 2018. At this time, the Company has not determined the effects of this update on the Company's financial position, results of operations or cash flows and disclosures. In March 2016, the FASB issued ASU 2016-09, "Improvements to Employee Share-Based Payment Accounting," which amends several aspects of the accounting for share-based payment transactions, including income tax consequences, the classification of awards as either equity or liabilities, and the classification on the statement of cash flows. These changes become effective for the Company's fiscal year beginning November 1, 2017. At this time, the Company has not determined the effects of this update on the Company's financial position, results of operations or cash flows and disclosures. In February 2016, the FASB issued ASU 2016-02, "Leases," which will require lessees to recognize assets and liabilities for the rights and obligations created by most leases on the balance sheet. These changes become effective for the Company's fiscal year beginning November 1, 2019. Modified retrospective adoption for all leases existing at, or entered into after, the date of initial application, is required with an option to use certain transition relief. At this time, the Company has not determined the effects of this update on the Company's financial position, results of operations or cash flows and disclosures. In January 2016, the FASB issued ASU 2016-01, "Financial Instruments – Overall: Recognition and Measurement of Financial Assets and Financial Liabilities," which (i) requires equity investments (except those accounted for under the equity method of accounting, or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income, (ii) requires public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes, (iii) requires separate presentation of financial assets and financial liabilities by measurement category and form of financial asset, and (iv) eliminates the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost. These changes become effective for the Company's fiscal year beginning November 1, 2018. Early application is permitted. At this time, the Company has not determined the effects of this update on the Company's financial position, results of operations or cash flows and disclosures. In November 2015, the FASB issued ASU 2015-17, "Balance Sheet Classification of Deferred Taxes," which requires entities with a classified balance sheet to present all deferred tax assets and liabilities as noncurrent. These changes become effective for the Company's fiscal year beginning November 1, 2017. Early application is permitted. At this time, the Company has not determined the effects of this update on the Company's financial position, and disclosures. In August 2015, the FASB issued ASU 2015-14, "Deferral of the Effective Date," which defers the effective date of ASU 2014-09, "Revenue from Contracts with Customers" to become effective for the Company's fiscal year beginning November 1, 2018. he Company has not determined the effects of this update on the Company's financial position, results of operations or cash flows and 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.

SUMMARY OF SIGNIFICANT ACCOUN25

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Oct. 31, 2017
Accounting Policies [Abstract]
Schedule of Property and Equipment Estimated Useful Lives	Property and equipment are depreciated using the straight-line method over the estimated useful lives of the related assets as follows: · Mining equipment – five to 10 years · Vehicles – four years · Building and structures – 40 years · Computer equipment and software – three years · Well equipment – 10 to 40 years · Office equipment – three to 10 years

VALUE-ADDED TAX RECEIVABLE (Tab

VALUE-ADDED TAX RECEIVABLE (Tables)	12 Months Ended
	Oct. 31, 2017
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 related to Mexico for the fiscal years ended October 31, 2017 is as follows: Allowance for uncollectible VAT taxes – October 31, 2015 $ 103,429 Provision for uncollectible VAT Taxes 1,726 Write-off VAT receivable (3,835 ) Foreign currency translation adjustment (13,037 ) Allowance for uncollectible VAT taxes – October 31, 2016 88,283 Recovery of uncollectible VAT Taxes (17,030 ) Write-off VAT receivable (2,312 ) Foreign currency translation adjustment (1,212 ) Allowance for uncollectible taxes – October 31, 2017 $ 67,729

OFFICE AND MINING EQUIPMENT (Ta

OFFICE AND MINING EQUIPMENT (Tables)	12 Months Ended
	Oct. 31, 2017
Property, Plant and Equipment [Abstract]
Summary of Office and Mining Equipment	The following is a summary of the Company's office and mining equipment at October 31, 2017 and October 31, 2016, respectively: October 31, October 31, 2017 2016 Mining equipment $ 358,513 $ 291,529 Vehicles 53,451 53,451 Buildings and structures 185,724 182,436 Computer equipment and software 74,236 83,701 Well equipment 39,637 39,637 Office equipment 47,597 52,931 759,158 703,685 Less: Accumulated depreciation (550,403 ) (477,384 ) Office and mining equipment, net $ 208,755 $ 226,301

PROPERTY CONCESSIONS (Tables)

PROPERTY CONCESSIONS (Tables)	12 Months Ended
	Oct. 31, 2017
PROPERTY CONCESSIONS [Abstract]
Summary of Property Concessions	The following is a summary of the Company's property concessions in Sierra Mojada, Mexico as at October 31, 2017 and 2016, respectively: Property Concessions – October 31, 2015 $ 5,593,263 Impairment (588,877 ) Property Concessions – October 31, 2016 5,004,386 Property Concessions – October 31, 2017 $ 5,004,386

GOODWILL (Tables)

GOODWILL (Tables)	12 Months Ended
	Oct. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of the Goodwill Balance	The following is a summary of the Company's goodwill balance as at October 31, 2017 and 2016, respectively: Goodwill – October 31, 2017 and 2016 $ 2,058,031

STOCK OPTIONS (Tables)

STOCK OPTIONS (Tables)	12 Months Ended
	Oct. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Assumptions Used to Value Stock Options Granted	A summary of the range of assumptions used to value stock options granted for the years ended October 31, 2017 and 2016 are as follows: Year Ended October 31, Options 2017 2016 Expected volatility 78% – 87% 65% – 84% Risk-free interest rate 1.35% – 1.56% 0.79% – 0.98% Dividend yield — — Expected term (in years) 2.50 – 3.50 2.50 – 3.50
Schedule of Stock Option Activity	The following is a summary of stock option activity for the fiscal years ended October 31, 2017 and 2016: Options Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Years) Aggregate Intrinsic Value Outstanding at October 31, 2015 8,657,858 $ 0.46 2.36 $ — Granted 4,375,000 0.06 Expired (1,000,000 ) 0.85 Forfeited or Cancelled (515,000 ) 0.46 Outstanding at October 31, 2016 11,517,858 0.28 2.66 $ 227,891 Granted 4,075,000 0.09 Expired (2,770,000 ) 0.52 Cancelled (28,572 ) 2.18 Outstanding at October 31, 2017 12,794,286 $ 0.16 2.98 $ 110,622 Exercisable at October 31, 2017 8,619,286 $ 0.20 2.44 $ 73,748
Schedule of Stock Options Outstanding and Exercisable by Exercise Price Range	Summarized information about stock options outstanding and exercisable at October 31, 2017 is as follows: Options Outstanding Options Exercisable Exercise Price Number Outstanding Weighted Average Remaining Contractual Life (Years) Weighted Average Exercise Price Number Exercisable Weighted Average Exercise Price $ 0.06 4,075,000 3.32 $ 0.06 2,716,666 $ 0.06 0.10 4,075,000 4.43 0.10 1,358,334 0.10 0.20 – 0.26 2,625,000 2.06 0.25 2,525,000 0.26 0.37 1,705,000 0.65 0.37 1,705,000 0.37 0.50 300,000 0.10 0.50 300,000 0.50 2.18 14,286 0.22 2.18 14,286 2.18 $ 0.06 – 2.18 12,794,286 2.98 $ 0.16 8,619,286 $ 0.20
Summary of Stock Option Liability	The following is a summary of the Company's stock option liability at October 31, 2017 and October 31, 2016: Stock option liability at October 31, 2016 $ — Reclassification from additional paid-in capital 12,115 Change in fair value of stock option liability (6,921 ) Stock option liability at October 31, 2017 $ 5,194

WARRANTS (Tables)

WARRANTS (Tables)	12 Months Ended
	Oct. 31, 2017
Warrants and Rights Note Disclosure [Abstract]
Schedule of Warrant Activity	A summary of warrant activity for the fiscal years ended October 31, 2017 and 2016 is as follows: Warrants Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Years) Aggregate Intrinsic Value Outstanding at October 31, 2015 — $ — — — Issued in the $CDN 0.13 Unit private placement (Note 10) 11,362,310 $ 0.12 Issued in the $CDN 0.15 Unit private placement (Note 10) 4,340,000 0.12 Placement Agent's Warrants (Note 10) 200,400 0.16 Exercised (Note 10) (3,120,000 ) 0.12 Expired (8,242,310 ) 0.12 Outstanding and exercisable at October 31, 2016 4,540,400 $ 0.12 2.67 $ — Issued in the $CDN 0.08 Unit private placement (Note 10) 21,365,000 $ 0.10 Agent's Warrants (Note 10) 1,259,300 0.08 Outstanding and exercisable at October 31, 2017 27,164,700 $ 0.10 1.70 $ 9,769
Schedule of Warrants by Exercise Price Range	The Company's warrants have been recognized as a derivative liability. Summarized information about warrants outstanding and exercisable at October 31, 2017 is as follows: Warrants Outstanding and Exercisable Exercise Price Number Outstanding Weighted Average Remaining Contractual Life (Years) Weighted Average Exercise Price $ 0.08 1,259,300 1.69 $ 0.08 0.10 21,365,000 1.70 0.10 0.12 4,340,000 1.72 0.12 0.16 200,400 0.72 0.16 $ 0.08 – 0.16 27,164,700 1.70 $ 0.10
Summary of warrant derivative liability	The following is a summary of the Company's warrant derivative liability at October 31, 2017 and October 31, 2016: Warrant derivative liability at October 31, 2016 and 2015 $ — Reclassification from additional paid-in capital 94,143 Warrants issued in $CDN 0.08 Unit private placement 139,423 Agent's warrants issued in $CDN 0.08 Unit private placement 12,967 Change in fair value of warrant derivative liability 100,020 Foreign currency translation adjustment (4,836 ) Warrant derivative liability at October 31, 2017 $ 341,717

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Oct. 31, 2017
Income Tax Disclosure [Abstract]
Schedule of Components of Loss before Income Taxes, by Tax Jurisdiction	The components of loss before income taxes were as follows: For the year ended 2017 2016 United States $ (1,339,000 ) $ (1,363,000 ) Foreign (713,000 ) (863,000 ) Loss before income taxes $ (2,052,000 ) $ (2,226,000
Schedule of Components of the Provision for Income Taxes	The components of the provision for income taxes are as follows: For the year ended 2017 2016 Foreign Current tax expense $ 1,867 $ 9,108 Deferred tax expense — — $ 1,867 $ 9,108
Reconciliation of U.S. Statutory Tax Rate to the Provision for Income Tax	The reconciliation of the provision for income taxes computed at the U.S. statutory rate to the provision for income tax as shown in the statement of operations and comprehensive loss is as follows: For the year ended October 31, 2017 2016 Income tax benefit calculated at U.S. federal income tax rate $ (718,000 ) $ (779,000 ) Differences arising from: Other permanent differences 130,000 40,000 Differences due to foreign income tax rates 43,000 43,000 Adjustment to prior year taxes (77,000 ) 493,000 Inflation adjustment foreign net operating loss (422,000 ) (242,000 ) Foreign currency fluctuations 115,000 1,731,000 Increase (decrease) in valuation allowance 353,000 (1,452,000 ) Net operation loss carry forwards expiration – Mexico 565,000 173,000 Other 13,000 2,000 Net income tax provision $ 2,000 $ 9,000
Schedule of the Components of Deferred Tax Assets	The components of the deferred tax assets at October 31, 2017 and 2016 were as follows: October 31, 2017 2016 Deferred tax assets: Net operating loss carry forwards – U.S. $ 11,766,000 $ 11,353,000 Net capital loss carry forwards – U.S. 103,000 103,000 Net operating loss carry forwards – Mexico 8,111,000 8,300,000 Stock-based compensation – U.S. 11,000 24,000 Exploration Costs. 122,000 — Other – U.S. 36,000 35,000 Other – Mexico 38,000 19,000 Total net deferred tax assets 20,187,000 19,834,000 Less: valuation allowance (20,187,000 ) (19,834,000 ) Net deferred tax asset $ — $ —
Schedule of Open Tax Years	The following tax years remain open to examination by the Company's principal tax jurisdictions: United States: 2013 and all following years Mexico: 2012 and all following years Canada: 2013 and all following years

FINANCIAL INSTRUMENTS (Tables)

FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Oct. 31, 2017
Financial Instruments Tables
Summary of derivative liability under fair value	The Company has the following liabilities under the fair value hierarchy: October 31, 2017 Liability Level 1 Level 2 Level 3 Stock option liability $ — $ — $ 5,194 Warrant derivative liability $ — $ — $ 341,717

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	12 Months Ended
	Oct. 31, 2017
Segment Reporting [Abstract]
Schedule of Net Income (Loss) by Segment	Geographic information is approximately as follows: For the Year Ended October 31, 2017 2016 Net loss Mexico $ (928,000 ) $ (1,002,000 ) Canada (1,339,000 ) (1,218,000 ) Gabon 213,000 (15,000 ) Net Loss $ (2,054,000 ) $ (2,235,000 )
Schedule of the Allocation of Assets by Segment	The following table details allocation of assets included in the accompanying consolidated balance sheets at October 31, 2017: Canada Mexico Total Cash and cash equivalents $ 657,000 $ 25,000 $ 682,000 Value-added tax receivable, net - 157,000 157,000 Other receivables 4,000 1,000 5,000 Prepaid expenses and deposits 102,000 15,000 117,000 Office and mining equipment, net - 209,000 209,000 Property concessions - 5,004,000 5,004,000 Goodwill - 2,058,000 2,058,000 $ 763,000 $ 7,469,000 $ 8,232,000 The following table details allocation of assets included in the accompanying balance sheet at October 31, 2016: Canada Mexico Total Cash and cash equivalents $ 1,450,000 $ 17,000 $ 1,467,000 Value-added tax receivable, net - 117,000 117,000 Other receivables 3,000 2,000 5,000 Prepaid expenses and deposits 93,000 23,000 116,000 Assets held for sale - 21,000 21,000 Office and mining equipment, net - 226,000 226,000 Property concessions - 5,005,000 5,005,000 Goodwill - 2,058,000 2,058,000 $ 1,546,000 $ 7,469,000 $ 9,015,000
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 Year Ended October 31, 2017 2016 Exploration and property holding costs for the period Mexico Sierra Mojada $ (944,000 ) $ (1,112,000 ) Gabon Mitzic 31,000 (15,000 ) $ 913,000 $ (1,127,000 )

ORGANIZATION, DESCRIPTION OF 35

ORGANIZATION, DESCRIPTION OF BUSINESS AND GOING CONCERN (Details) - USD ($)	12 Months Ended
	Oct. 31, 2017	Oct. 31, 2016
ORGANIZATION, DESCRIPTION OF BUSINESS AND GOING CONCERN [Abstract]
Gain on liquidation of subsidiary	$ 129,781
Accumulated Deficit	122,335,364	120,281,820
Working capital	157,975
Cash and cash equivalents	$ 681,776	$ 1,467,328

SUMMARY OF SIGNIFICANT ACCOUN36

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details) - shares	12 Months Ended
	Oct. 31, 2017	Oct. 31, 2016
Accounting Policies [Abstract]
Anti-dilutive shares, stock options and warrants outstanding	39,958,986	16,058,258

SUMMARY OF SIGNIFICANT ACCOUN37

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Schedule of Property and Equipment Estimated Useful Lives) (Details)	12 Months Ended
	Oct. 31, 2017
Mining equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	5 years
Mining equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	10 years
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	4 years
Building and structures [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	40 years
Computer equipment and software [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	3 years
Well equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	10 years
Well equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	40 years
Office equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	3 years
Office equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	10 years

VALUE-ADDED TAX RECEIVABLE (Nar

VALUE-ADDED TAX RECEIVABLE (Narrative) (Details) - USD ($)	12 Months Ended
	Oct. 31, 2017	Oct. 31, 2016
Income Tax Examination [Line Items]
Value-added tax receivable, current	$ 156,997	$ 117,276
(Recovery of) Provision for uncollectible value-added taxes	(69,981)	1,726
Gabon [Member]
Income Tax Examination [Line Items]
(Recovery of) Provision for uncollectible value-added taxes	(52,951)
Mexico [Member]
Income Tax Examination [Line Items]
Value-added tax receivable, current	157,000	$ 117,000
(Recovery of) Provision for uncollectible value-added taxes	$ (17,030)

VALUE-ADDED TAX RECEIVABLE (Sum

VALUE-ADDED TAX RECEIVABLE (Summary of the Changes in the Allowance for Uncollectible Taxes) (Details) - USD ($)	12 Months Ended
	Oct. 31, 2017	Oct. 31, 2016
VALUE-ADDED TAX RECEIVABLE [Abstract]
Allowance for uncollectible VAT taxes, beginning balance	$ 88,283	$ 103,429
Recovery of uncollectible VAT Taxes	(69,981)	1,726
Write-off VAT receivable	(2,312)	(3,835)
Foreign currency translation adjustment	(1,212)	(13,037)
Allowance for uncollectible VAT taxes, ending balance	$ 67,729	$ 88,283

ASSETS HELD FOR SALE (Details)

ASSETS HELD FOR SALE (Details) - USD ($)	12 Months Ended
	Oct. 31, 2017	Oct. 31, 2016
Assets Held For Sale Details
Assets held for sale	$ 11,656	$ 21,283
Impairment of assets held for sale	4,354	13,788
Gain on sale of office and mining equipment		$ 132,817

OFFICE AND MINING EQUIPMENT (De

OFFICE AND MINING EQUIPMENT (Details) - USD ($)	Oct. 31, 2017	Oct. 31, 2016
Property, Plant and Equipment [Line Items]
Office and mining equipment, gross	$ 759,158	$ 703,685
Less: Accumulated depreciation	(550,403)	(477,384)
Office and mining equipment, net	208,755	226,301
Mining equipment [Member]
Property, Plant and Equipment [Line Items]
Office and mining equipment, gross	358,513	291,529
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Office and mining equipment, gross	53,451	53,451
Building and structures [Member]
Property, Plant and Equipment [Line Items]
Office and mining equipment, gross	185,724	182,436
Computer equipment and software [Member]
Property, Plant and Equipment [Line Items]
Office and mining equipment, gross	74,236	83,701
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	$ 47,597	$ 52,931

PROPERTY CONCESSIONS (Details)

PROPERTY CONCESSIONS (Details) - USD ($)	12 Months Ended
	Oct. 31, 2017	Oct. 31, 2016
PROPERTY CONCESSIONS [Abstract]
Property Concessions, beginning balance	$ 5,004,386	$ 5,593,263
Impairment		(588,877)
Property Concessions, ending balance	5,004,386	$ 5,004,386
Capitalized property concessions write-off	$ 588,877

GOODWILL (Summary of the Goodwi

GOODWILL (Summary of the Goodwill Balance) (Details) - USD ($)	Oct. 31, 2017	Oct. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill - October 31, 2017 and 2016	$ 2,058,031	$ 2,058,031

ACCRUED LIABILITIES AND EXPEN44

ACCRUED LIABILITIES AND EXPENSES (Details) - USD ($)	12 Months Ended
	Oct. 31, 2017	Oct. 31, 2016
Accrued Liabilities and Other Liabilities [Abstract]
Insurance premium interest rate	7.99%	7.49%
Insurance premium maturity period	1 year
Accrued liabilities and expenses	$ 84,000	$ 87,000

SHAREHOLDER RIGHTS PLAN (Detail

SHAREHOLDER RIGHTS PLAN (Details) - Stock Appreciation Rights (SARs) [Member]	12 Months Ended
	Oct. 31, 2017
Class of Warrant or Right [Line Items]
Shareholder Rights, record date	Jun. 22, 2007
Expiration date of Shareholders Rights	Jun. 11, 2017

COMMON STOCK (Details)

COMMON STOCK (Details)

Jan. 15, 2018CADCAD / shares

Jan. 10, 2018USD ($)shares

Jan. 10, 2018CADCAD / sharesshares

Aug. 03, 2017USD ($)shares

Aug. 03, 2017CADshares

Oct. 31, 2016USD ($)shares

Oct. 31, 2016CADshares

Sep. 19, 2016USD ($)

Sep. 19, 2016CADCAD / sharesshares

Sep. 15, 2016USD ($)

Sep. 15, 2016CADCAD / sharesshares

Aug. 05, 2016CAD / sharesshares

Jun. 29, 2016USD ($)shares

Jun. 29, 2016CADCAD / sharesshares

Oct. 31, 2017USD ($)shares

Oct. 31, 2016USD ($)shares

Oct. 31, 2017CAD / shares

Aug. 03, 2017CAD / shares

Jul. 20, 2016CAD / shares

Class of Stock [Line Items]

Proceeds from issuance of common stock

$ 1,230,504

$ 1,503,254

Placement Agent's Warrants [Member]

Class of Stock [Line Items]

Description of units

Each 2017 Agent’s Warrant entitles the agents to acquire one share of common stock at a price of $CDN 0.10 for a period of 24 months from the closing of the private placement.

Each 2017 Agent’s Warrant entitles the agents to acquire one share of common stock at a price of $CDN 0.10 for a period of 24 months from the closing of the private placement.

Number of warrants issued | shares

1,259,300

1,259,300

1,259,300

Fair value of warrants issued

$ 12,967

$ 12,967

Warrant issuance cost

$ 18,819

CDN [Member] | Placement Agent's Warrants [Member]

Class of Stock [Line Items]

Equity issuance, price per share | CAD / shares

CAD 0.10

CAD 0.10

$CDN 0.13 Unit [Member]

Class of Stock [Line Items]

Equity issuance, price per share | CAD / shares

CAD 0.13

Description of units

Each $CDN 0.13 Unit consists of one share of the Company’s common stock and one warrant (the “$CDN 0.13 Warrant”). Each $CDN 0.13 Warrant entitles the holder thereof to acquire one share of common stock at a price of $CDN 0.16 for the period of 12 months from the closing of the tranche of the private placement. If the closing price of the common stock of the Company on the OTCQB Venture Marketplace is $0.18 or higher for five consecutive trading days, then the $CDN 0.13 Warrant will expire 30 trading days

Finders fee percentage rate paid to agents

8.00%

Aggregate finders fee costs incurred

$ 19,644

Offering costs incurred

$ 55,799

Units issued during period | shares

11,362,310

11,362,310

Proceeds from issuance of units

$ 1,137,643

$CDN 0.13 Unit [Member] | CDN [Member]

Class of Stock [Line Items]

Proceeds from issuance of units | CAD

CAD 651,000

CAD 1,477,100

$CDN 0.13 Unit [Member] | Subsequent Event [Member]

Class of Stock [Line Items]

Stock issued during period, shares | shares

200,000

200,000

Proceeds from issuance of common stock

$ 20,806

Warrant Acquired | shares

200,000

$CDN 0.13 Unit [Member] | Subsequent Event [Member] | CDN [Member]

Class of Stock [Line Items]

Equity issuance, price per share | CAD / shares

CAD 0.13

CAD 0.13

Proceeds from issuance of common stock | CAD

CAD 81,250

CAD 26,000

$CDN 0.08 Unit [Member]

Class of Stock [Line Items]

Description of units

Each $CDN 0.08 Unit consists of one share of the Company’s common stock and one warrant (the “$CDN 0.08 Warrant”). Each $CDN 0.08 Warrant entitles the holder thereof to acquire one share of common stock at a price of $CDN 0.13 for a period of 24 months from the closing of the private placement.

Each $CDN 0.08 Unit consists of one share of the Company’s common stock and one warrant (the “$CDN 0.08 Warrant”). Each $CDN 0.08 Warrant entitles the holder thereof to acquire one share of common stock at a price of $CDN 0.13 for a period of 24 months from the closing of the private placement.

Finders fee percentage rate paid to agents

7.00%

7.00%

Aggregate finders fee costs incurred

$ 78,169

Offering costs incurred

$ 92,910

Fair value of warrants issued

$ 139,423

Units issued during period | shares

21,365,000

21,365,000

Proceeds from issuance of units

$ 1,330,976

$CDN 0.08 Unit [Member] | CDN [Member]

Class of Stock [Line Items]

Equity issuance, price per share | CAD / shares

CAD 0.08

Proceeds from issuance of units | CAD

CAD 1,709,200

$CDN 0.15 Unit [Member]

Class of Stock [Line Items]

Equity issuance, price per share | CAD / shares

CAD 0.15

Description of units

Each $CDN 0.15 Warrant entitles the holder thereof to acquire one common stock at a price of $CDN 0.16 for the period of 36 months from the closing of the private placement. If, commencing on the date that is four months after the closing of the private placement, the closing price of the common stock on the TSX is higher than $CDN 0.30 for 20 consecutive trading days, then on the 20th consecutive trading day (the "Acceleration Trigger Date") the expiry date of the $CDN 0.15 Warrants may be accelerated to the 20th trading day after the Acceleration Trigger Date by the issuance, within three trading days of the Acceleration Trigger Date, of a news release announcing such acceleration.

Each $CDN 0.15 Warrant entitles the holder thereof to acquire one common stock at a price of $CDN 0.16 for the period of 36 months from the closing of the private placement. If, commencing on the date that is four months after the closing of the private placement, the closing price of the common stock on the TSX is higher than $CDN 0.30 for 20 consecutive trading days, then on the 20th consecutive trading day (the "Acceleration Trigger Date") the expiry date of the $CDN 0.15 Warrants may be accelerated to the 20th trading day after the Acceleration Trigger Date by the issuance, within three trading days of the Acceleration Trigger Date, of a news release announcing such acceleration.

Finders fee percentage rate paid to agents

6.00%

6.00%

Aggregate finders fee costs incurred

$ 23,326

Offering costs incurred

$ 40,349

Number of warrants issued | shares

4,340,000

4,340,000

4,340,000

Fair value of warrants issued

$ 94,143

$ 94,143

Proceeds from issuance of units

$ 504,729

$CDN 0.15 Unit [Member] | Placement Agent's Warrants [Member]

Class of Stock [Line Items]

Number of warrants issued | shares

200,400

200,400

200,400

Fair value of warrants issued

$ 11,621

$ 11,621

$CDN 0.13 Warrant [Member]

Class of Stock [Line Items]

Description of units

The $CDN 0.13 Warrants was triggered following a period of five consecutive trading days in which the closing price of the common stock of the Company on the OTCQB Venture Marketplace was $0.18 or higher.

Warrant Expiration date

Sep. 19, 2016

Exercise price | CAD / shares

CAD 0.13

Units issued during period | shares

11,362,310

$CDN 0.16 Warrant [Member]

Class of Stock [Line Items]

Proceeds from issuance of common stock

$ 75,112

$ 303,951

Offering costs incurred

$ 1,509

Warrant Acquired | shares

620,000

2,500,000

Common stock Exercised | shares

620,000

2,500,000

Exercise price | CAD / shares

CAD 0.16

CAD 0.16

$CDN 0.16 Unit [Member] | CDN [Member]

Class of Stock [Line Items]

Proceeds from issuance of common stock | CAD

CAD 99,200

CAD 400,000

STOCK OPTIONS (Narrative) (Deta

STOCK OPTIONS (Narrative) (Details) - USD ($)	12 Months Ended
	Oct. 31, 2017	Oct. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total options granted during the period	4,075,000	4,375,000
Exercise price of options granted	$ 0.09	$ 0.06
Stock-based compensation costs recognized during the period	$ 152,349	$ 102,993
Total unrecognized compensation costs related to non-vested share based compensation arrangements granted under qualified stock option plans	$ 82,762
Weighted-average period for remaining compensation costs to be recognized	6 months 14 days
2010 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
The number of shares authorized under the plan	30,000,000
Shares outstanding reserved for issuance upon the exercise of options or the grant of stock bonuses percentage	10.00%
2006 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
The number of shares authorized under the plan	5,000,000
Employee Stock Option [Member] | Issuance One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total options granted during the period	4,075,000	4,075,000
Exercise price of options granted	$ 0.125	$ 0.075
Weighted-average grant date fair value of options granted during period	$ 0.05
Employee Stock Option [Member] | Issuance Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total options granted during the period		300,000
Exercise price of options granted		$ 0.255
Employee Stock Option [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period for plan	1 year
Contractual term for options	2 years
Employee Stock Option [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period for plan	2 years
Contractual term for options	10 years

STOCK OPTIONS (Schedule of Assu

STOCK OPTIONS (Schedule of Assumptions Used to Value Stock Options Granted) (Details)	12 Months Ended
	Oct. 31, 2017	Oct. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility, minimum	78.00%	65.00%
Expected volatility, maximum	87.00%	84.00%
Risk-free interest rate, minimum	1.35%	0.79%
Risk-free interest rate, maximum	1.56%	0.98%
Dividend yield
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Contractual term	2 years 6 months	2 years 6 months
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Contractual term	3 years 6 months	3 years 6 months

STOCK OPTIONS (Summary of Stock

STOCK OPTIONS (Summary of Stock Option Activity) (Details) - USD ($)	12 Months Ended
	Oct. 31, 2017	Oct. 31, 2016	Oct. 31, 2015
Shares
Outstanding, beginning	11,517,858	8,657,858
Granted	4,075,000	4,375,000
Expired	(2,770,000)	(1,000,000)
Forfeited or Cancelled	(28,572)	(515,000)
Outstanding, ending	12,794,286	11,517,858	8,657,858
Exercisable, ending	8,619,286
Weighted Average Exercise Price
Outstanding, beginning	$ 0.28	$ 0.46
Granted	0.09	0.06
Expired	0.52	0.85
Forfeited or Cancelled	2.18	0.46
Outstanding, ending	$ 0.16	$ 0.28	$ 0.46
Weighted average remaining contractual life, Outstanding	2 years 11 months 23 days	2 years 7 months 28 days	2 years 4 months 9 days
Weighted average remaining contractual life, Exercisable	2 years 5 months 9 days
Aggregate intrinsic value, Outstanding	$ 110,622	$ 227,891
Exercisable
Aggregate intrinsic value, exercisable	$ 73,748

STOCK OPTIONS (Summarized Infor

STOCK OPTIONS (Summarized Information of Stock Options Outstanding and Exercisable) (Details)	12 Months Ended
	Oct. 31, 2017$ / sharesshares
0.06 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Minimum exercise price	$ 0.06
Number of options outstanding | shares	4,075,000
Weighted Average Remaining Contractual Life (Years)	3 years 3 months 26 days
Options Outstanding - Weighted Average Exercise Price	$ 0.06
Number Exercisable | shares	2,716,666
Options Exercisable - Weighted Average Exercise Price	$ 0.06
0.10 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Minimum exercise price	$ 0.10
Number of options outstanding | shares	4,075,000
Weighted Average Remaining Contractual Life (Years)	4 years 5 months 5 days
Options Outstanding - Weighted Average Exercise Price	$ 0.10
Number Exercisable | shares	1,358,334
Options Exercisable - Weighted Average Exercise Price	$ 0.10
0.20 - 0.26 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Minimum exercise price	0.20
Maximum exercise price	$ 0.26
Number of options outstanding | shares	2,625,000
Weighted Average Remaining Contractual Life (Years)	2 years 22 days
Options Outstanding - Weighted Average Exercise Price	$ 0.25
Number Exercisable | shares	2,525,000
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]
Minimum exercise price	$ 0.37
Number of options outstanding | shares	1,705,000
Weighted Average Remaining Contractual Life (Years)	7 months 24 days
Options Outstanding - Weighted Average Exercise Price	$ 0.37
Number Exercisable | shares	1,705,000
Options Exercisable - Weighted Average Exercise Price	$ 0.37
0.50 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Minimum exercise price	$ 0.50
Number of options outstanding | shares	300,000
Weighted Average Remaining Contractual Life (Years)	1 month 6 days
Options Outstanding - Weighted Average Exercise Price	$ 0.50
Number Exercisable | shares	300,000
Options Exercisable - Weighted Average Exercise Price	$ 0.50
2.18 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Minimum exercise price	$ 2.18
Number of options outstanding | shares	14,286
Weighted Average Remaining Contractual Life (Years)	2 months 19 days
Options Outstanding - Weighted Average Exercise Price	$ 2.18
Number Exercisable | shares	14,286
Options Exercisable - Weighted Average Exercise Price	$ 2.18
0.06 - 2.18 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Minimum exercise price	0.06
Maximum exercise price	$ 2.18
Number of options outstanding | shares	12,794,286
Weighted Average Remaining Contractual Life (Years)	2 years 11 months 23 days
Options Outstanding - Weighted Average Exercise Price	$ 0.16
Number Exercisable | shares	8,619,286
Options Exercisable - Weighted Average Exercise Price	$ 0.20

STOCK OPTIONS (Summary of Sto51

STOCK OPTIONS (Summary of Stock Option Liability) (Details) - USD ($)	12 Months Ended
	Oct. 31, 2017	Oct. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock option liability
Reclassification from additional paid-in capital	12,115
Change in fair value of stock option liability	(6,921)
Stock option liability	$ 5,194

WARRANTS (Narrative) (Details)

WARRANTS (Narrative) (Details)

Jan. 15, 2018CADCAD / sharesshares

Jan. 10, 2018USD ($)shares

Jan. 10, 2018CADCAD / sharesshares

Aug. 03, 2017USD ($)shares

Aug. 03, 2017CADshares

Sep. 19, 2016USD ($)shares

Sep. 19, 2016CADCAD / sharesshares

Sep. 15, 2016USD ($)shares

Sep. 15, 2016CADCAD / sharesshares

Oct. 31, 2016USD ($)shares

Oct. 31, 2016CADshares

Jun. 29, 2016USD ($)

Jun. 29, 2016CADCAD / shares

Aug. 05, 2016shares

Oct. 31, 2017USD ($)shares

Oct. 31, 2016USD ($)shares

Oct. 31, 2017CAD / shares

Aug. 03, 2017CAD / shares

Jul. 20, 2016CAD / shares

Class of Warrant or Right [Line Items]

Dividend yield

Proceeds from issuance of common stock

$ 1,230,504

$ 1,503,254

Warrant [Member]

Class of Warrant or Right [Line Items]

Equity issuance, amount per share | CAD / shares

CAD 0.16

CAD 0.16

Warrants exercised | shares

620,000

620,000

2,500,000

2,500,000

Common shares issued | shares

620,000

620,000

2,500,000

2,500,000

Proceeds from issuance of equity

$ 75,112

$ 303,951

Placement Agent's Warrants [Member]

Class of Warrant or Right [Line Items]

Number of warrants issued | shares

1,259,300

1,259,300

1,259,300

Fair value of warrants issued

$ 12,967

$ 12,967

Warrant Intrinsic value of Exercise

$ 57,737

$CDN 0.13 Warrant [Member]

Class of Warrant or Right [Line Items]

Number of warrants issued | shares

11,362,310

Warrant Expiration date

Sep. 19, 2016

CDN [Member] | Warrant [Member]

Class of Warrant or Right [Line Items]

Equity issuance, amount per share | CAD / shares

CAD 0.08

Proceeds from issuance of equity | CAD

CAD 99,200

CAD 400,000

CDN [Member] | Placement Agent's Warrants [Member]

Class of Warrant or Right [Line Items]

Equity issuance, amount per share | CAD / shares

CAD 0.10

CAD 0.10

$CDN 0.13 Unit [Member]

Class of Warrant or Right [Line Items]

Equity issuance, amount per share | CAD / shares

CAD 0.13

Proceeds from issuance of equity

$ 1,137,643

$CDN 0.13 Unit [Member] | CDN [Member]

Class of Warrant or Right [Line Items]

Proceeds from issuance of equity | CAD

CAD 651,000

CAD 1,477,100

$CDN 0.13 Unit [Member] | Subsequent Event [Member]

Class of Warrant or Right [Line Items]

Warrants exercised | shares

625,000

Common shares issued | shares

200,000

200,000

Warrant Acquired | shares

200,000

Proceeds from issuance of common stock

$ 20,806

$CDN 0.13 Unit [Member] | Subsequent Event [Member] | CDN [Member]

Class of Warrant or Right [Line Items]

Equity issuance, amount per share | CAD / shares

CAD 0.13

CAD 0.13

Proceeds from issuance of common stock | CAD

CAD 81,250

CAD 26,000

$CDN 0.08 Unit [Member]

Class of Warrant or Right [Line Items]

Fair value of warrants issued

$ 139,423

Proceeds from issuance of equity

$ 1,330,976

$CDN 0.08 Unit [Member] | CDN [Member]

Class of Warrant or Right [Line Items]

Equity issuance, amount per share | CAD / shares

CAD 0.08

Proceeds from issuance of equity | CAD

CAD 1,709,200

$CDN 0.15 Unit [Member]

Class of Warrant or Right [Line Items]

Number of warrants issued | shares

4,340,000

4,340,000

4,340,000

Equity issuance, amount per share | CAD / shares

CAD 0.15

Fair value of warrants issued

$ 94,143

$ 94,143

Proceeds from issuance of equity

$ 504,729

$CDN 0.15 Unit [Member] | Placement Agent's Warrants [Member]

Class of Warrant or Right [Line Items]

Number of warrants issued | shares

200,400

200,400

200,400

Fair value of warrants issued

$ 11,621

$ 11,621

WARRANTS (Summary of Warrant Ac

WARRANTS (Summary of Warrant Activity) (Details) - USD ($)	12 Months Ended
	Oct. 31, 2017	Oct. 31, 2016	Oct. 31, 2015
Shares
Expired	(2,770,000)	(1,000,000)
Weighted Average Exercise Price
Expired	$ 0.52	$ 0.85
Weighted Average Remaining Contractual Life	2 years 11 months 23 days	2 years 7 months 28 days	2 years 4 months 9 days
Weighted Average Remaining Contractual Life, Exercisable	2 years 5 months 9 days
Warrant [Member]
Shares
Outstanding at October 31, 2015	4,540,400
Issued in the $CDN 0.13 Unit private placement (Note 10)		11,362,310
Issued in the $CDN 0.15 Unit private placement (Note 10)		4,340,000
Issued in the $CDN 0.08 Unit private placement (Note 10)	21,365,000
Agent's Warrants (Note 10)	1,259,300	200,400
Exercised (Note 10)		(3,120,000)
Expired		(8,242,310)
Outstanding and exercisable at October 31, 2017	27,164,700	4,540,400
Weighted Average Exercise Price
Outstanding at October 31, 2015	$ 0.12
Issued in the $CDN 0.13 Unit private placement (Note 10), weighted average exercise price		0.12
Issued in the $CDN 0.15 Unit private placement (Note 10), weighted average exercise price		0.12
Issued in the $CDN 0.08 Unit private placement (Note 10), weighted average exercise price	0.10
Agent's Warrants, weighted average exercise price	0.08	0.16
Exercised, weighted average exercise price		0.12
Expired		0.12
Outstanding and exercisable at October 31, 2017	$ 0.10	$ 0.12
Weighted Average Remaining Contractual Life, Exercisable	1 year 8 months 12 days	2 years 8 months 2 days
Aggregate intrinsic value	$ 9,769

WARRANTS (Summary of Warrants O

WARRANTS (Summary of Warrants Outstanding and Exercisable by Price Range) (Details)	12 Months Ended
	Oct. 31, 2017$ / sharesshares
Warrant Exercise Price Range One [Member]
Class of Warrant or Right [Line Items]
Exercise price	$ 0.08
Warrants and Exercisable outstanding | shares	1,259,300
Weighted Remaining Average Contractual Life (Years)	1 year 8 months 9 days
Weighted average exercise price, outstanding	$ 0.08
Warrant Exercise Price Range Two [Member]
Class of Warrant or Right [Line Items]
Exercise price	$ 0.10
Warrants and Exercisable outstanding | shares	21,365,000
Weighted Remaining Average Contractual Life (Years)	1 year 8 months 12 days
Weighted average exercise price, outstanding	$ 0.10
Warrant Exercise Price Range Three [Member]
Class of Warrant or Right [Line Items]
Exercise price	$ 0.12
Warrants and Exercisable outstanding | shares	4,340,000
Weighted Remaining Average Contractual Life (Years)	1 year 8 months 19 days
Weighted average exercise price, outstanding	$ 0.12
Warrant Exercise Price Range Four [Member]
Class of Warrant or Right [Line Items]
Exercise price	$ 0.16
Warrants and Exercisable outstanding | shares	200,400
Weighted Remaining Average Contractual Life (Years)	8 months 19 days
Weighted average exercise price, outstanding	$ 0.16
Warrant Exercise Price Range Five [Member]
Class of Warrant or Right [Line Items]
Range of exercise price, lower limit	0.08
Range of exercise price, upper limit	$ 0.16
Warrants and Exercisable outstanding | shares	27,164,700
Weighted Remaining Average Contractual Life (Years)	1 year 8 months 12 days
Weighted average exercise price, outstanding	$ 0.10

WARRANTS (Summary of Warrants D

WARRANTS (Summary of Warrants Derivative Liability) (Details) - USD ($)	12 Months Ended
	Oct. 31, 2017	Oct. 31, 2016
Warrants and Rights Note Disclosure [Abstract]
Warrant derivative liability at October 31, 2016 and 2015
Reclassification from additional paid-in capital	94,143
Warrants issued in $CDN 0.08 Unit private placement	139,423
Agent's warrants issued in $CDN 0.08 Unit private placement	12,967
Change in fair value of warrant derivative liability	100,020
Foreign currency translation adjustment	(4,836)
Warrant derivative liability at October 31, 2017	$ 341,717

INCOME TAXES (Narrative) (Detai

INCOME TAXES (Narrative) (Details) - USD ($) $ in Millions	1 Months Ended		12 Months Ended
	Dec. 31, 2017	Dec. 22, 2017	Oct. 31, 2017
Subsequent Event [Member]
Income Tax Disclosure [Line Items]
Reduce Corporate tax rate	21.00%	35.00%
Internal Revenue Service (IRS) [Member]
Income Tax Disclosure [Line Items]
Net operating loss carry forwards			$ 34
Capital loss carryforward			$ 0.3
Capital loss carryforward, expiration date			Dec. 31, 2020
Internal Revenue Service (IRS) [Member] | Minimum [Member]
Income Tax Disclosure [Line Items]
Net operating loss carry forwards, expiration dates			Dec. 31, 2018
Internal Revenue Service (IRS) [Member] | Maximum [Member]
Income Tax Disclosure [Line Items]
Net operating loss carry forwards, expiration dates			Dec. 31, 2037
Mexican Tax Authority [Member]
Income Tax Disclosure [Line Items]
Net operating loss carry forwards			$ 27
Mexican Tax Authority [Member] | Minimum [Member]
Income Tax Disclosure [Line Items]
Net operating loss carry forwards, expiration dates			Dec. 31, 2018
Mexican Tax Authority [Member] | Maximum [Member]
Income Tax Disclosure [Line Items]
Net operating loss carry forwards, expiration dates			Dec. 31, 2027

INCOME TAXES (Schedule of Compo

INCOME TAXES (Schedule of Components of Loss before Income Taxes, by Tax Jurisdiction) (Details) - USD ($)	12 Months Ended
	Oct. 31, 2017	Oct. 31, 2016
Segment Reporting Information [Line Items]
Loss before income taxes	$ (2,051,677)	$ (2,225,776)
United States [Member]
Segment Reporting Information [Line Items]
Loss before income taxes	(1,339,000)	(1,363,000)
Foreign [Member]
Segment Reporting Information [Line Items]
Loss before income taxes	$ (713,000)	$ (863,000)

INCOME TAXES (Components of the

INCOME TAXES (Components of the Provision for Income Taxes) (Details) - USD ($)	12 Months Ended
	Oct. 31, 2017	Oct. 31, 2016
Income Tax Disclosure [Abstract]
Current tax expense	$ 1,867	$ 9,108
Deferred tax expense
Net income tax provision	$ 1,867	$ 9,108

INCOME TAXES (Reconciliation of

INCOME TAXES (Reconciliation of the Provision For Income Taxes) (Details) - USD ($)	12 Months Ended
	Oct. 31, 2017	Oct. 31, 2016
Income Tax Disclosure [Abstract]
Income tax benefit calculated at U.S. Federal Income tax rate	$ (718,000)	$ (779,000)
Differences arising from:
Other permanent differences	130,000	40,000
Differences due to foreign income tax rates	43,000	43,000
Adjustment to prior year taxes	(77,000)	493,000
Inflation adjustment foreign net operating loss	(422,000)	(242,000)
Foreign currency fluctuations	115,000	1,731,000
Increase (decrease) in valuation allowance	353,000	(1,452,000)
Net operation loss carry forwards expiration - Mexico	565,000	173,000
Other	13,000	2,000
Net income tax provision	$ 2,000	$ 9,000

INCOME TAXES (Components of Def

INCOME TAXES (Components of Deferred Tax Assets) (Details) - USD ($)	Oct. 31, 2017	Oct. 31, 2016
Deferred tax assets:
Net operating loss carry forwards - U.S.	$ 11,766,000	$ 11,353,000
Net capital loss carry forwards - U.S.	103,000	103,000
Net operating loss carry forwards - Mexico	8,111,000	8,300,000
Stock-based compensation - U.S.	11,000	24,000
Exploration costs	122,000
Other - U.S.	36,000	35,000
Other - Mexico	38,000	19,000
Total net deferred tax assets	20,187,000	19,834,000
Less: valuation allowance	(20,187,000)	(19,834,000)
Net deferred tax asset

FINANCIAL INSTRUMENTS (Details)

FINANCIAL INSTRUMENTS (Details)	12 Months Ended
	Oct. 31, 2017USD ($)	Oct. 31, 2017CAD	Oct. 31, 2016USD ($)
Cash balance insured by FDIC per financial institution	$ 250,000
Cash balance insured by CDIC per financial institution | CAD		CAD 100,000
Value of total cash accounts held in Mexico and Gabon	25,408		$ 17,010
Effect of a 1% decrease in interest rates on interest income	2,661
CDN [Member]
Cash balances not insured	578,773		1,375,673
US Dollars [Member]
Cash balances not insured	$ 578,773		$ 1,375,673

FINANCIAL INSTRUMENTS (Schedule

FINANCIAL INSTRUMENTS (Schedule of Fair Value of Derivative Liability) (Details)	Oct. 31, 2017USD ($)
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Stock option liability
Warrant derivative liability
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Stock option liability
Warrant derivative liability
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Stock option liability	5,194
Warrant derivative liability	$ 341,717

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Royalty) (Details) - Sierra Mojada [Member]	Oct. 31, 2017USD ($)
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

COMMITMENTS AND CONTINGENCIES64

COMMITMENTS AND CONTINGENCIES (Litigation and Claims) (Details) $ in Millions	12 Months Ended
	Oct. 31, 2017USD ($)
Litigation and Claims:
Interest rate sought on the Royalty	6.00%
Damages sought in litigation matter	$ 5.9

SEGMENT INFORMATION (Schedule o

SEGMENT INFORMATION (Schedule of Segment Net Loss) (Details) - USD ($)	12 Months Ended
	Oct. 31, 2017	Oct. 31, 2016
Segment Reporting Information [Line Items]
Loss from Continuing Operations	$ (2,054,000)	$ (2,235,000)
Mexico [Member]
Segment Reporting Information [Line Items]
Loss from Continuing Operations	(928,000)	(1,002,000)
Canada [Member]
Segment Reporting Information [Line Items]
Loss from Continuing Operations	(1,339,000)	(1,218,000)
Gabon [Member]
Segment Reporting Information [Line Items]
Loss from Continuing Operations	$ 213,000	$ (15,000)

SEGMENT INFORMATION (Schedule66

SEGMENT INFORMATION (Schedule of Segment Assets) (Details) - USD ($)	Oct. 31, 2017	Oct. 31, 2016	Oct. 31, 2015
Segment Reporting Information [Line Items]
Cash and cash equivalents	$ 681,776	$ 1,467,328
Value-added tax receivable,net	156,997	117,276
Other receivables	5,245	4,652
Prepaid expenses and deposits	116,836	116,271
Assets held for sale	11,656	21,283
Office and mining equipment, net	208,755	226,301
Property concessions	5,004,386	5,004,386	$ 5,593,263
Goodwill	2,058,031	2,058,031
TOTAL ASSETS	8,232,026	9,015,528
Canada [Member]
Segment Reporting Information [Line Items]
Cash and cash equivalents	657,000	1,450,000
Value-added tax receivable,net
Other receivables	4,000	3,000
Prepaid expenses and deposits	102,000	93,000
Assets held for sale
Office and mining equipment, net
Property concessions
Goodwill
TOTAL ASSETS	763,000	1,546,000
Mexico [Member]
Segment Reporting Information [Line Items]
Cash and cash equivalents	25,000	17,000
Value-added tax receivable,net	157,000	117,000
Other receivables	1,000	2,000
Prepaid expenses and deposits	15,000	23,000
Assets held for sale		21,000
Office and mining equipment, net	209,000	226,000
Property concessions	5,004,000	5,005,000
Goodwill	2,058,000	2,058,000
TOTAL ASSETS	$ 7,469,000	$ 7,469,000

SEGMENT INFORMATION (Schedule67

SEGMENT INFORMATION (Schedule of Segment Exploration and Property Holding Costs) (Details) - USD ($)	12 Months Ended
	Oct. 31, 2017	Oct. 31, 2016
Segment Reporting Information [Line Items]
Exploration and property holding costs for the period	$ (912,884)	$ (1,127,221)
Mexico [Member]
Segment Reporting Information [Line Items]
Exploration and property holding costs for the period	(944,000)	(1,112,000)
Mitzic, Gabon [Member]
Segment Reporting Information [Line Items]
Exploration and property holding costs for the period	$ 31,000	$ (15,000)