Silver Bull Resources (SVBL) 10-Q 14 Jun 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Apr. 30, 2019	Jun. 14, 2019
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Apr. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Entity Registrant Name	SILVER BULL RESOURCES, INC.
Entity Central Index Key	0001031093
Current Fiscal Year End Date	--10-31
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding		236,328,214

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Apr. 30, 2019	Oct. 31, 2018
CURRENT ASSETS
Cash and cash equivalents	$ 3,487,394	$ 3,025,839
Value-added tax receivable, net of allowance for uncollectible taxes of $126,349 and $98,414 respectively (Note 6)	231,181	175,020
Income tax receivables	510	160
Other receivables	9,955	12,045
Prepaid expenses and deposits	188,456	237,253
Total Current Assets	3,917,496	3,450,317
Office and mining equipment, net (Note 7)	186,888	201,486
Property concessions (Note 8)	5,031,747	5,019,927
Goodwill (Note 9)	2,058,031	2,058,031
TOTAL ASSETS	11,194,162	10,729,761
CURRENT LIABILITIES
Accounts payable	145,405	253,327
Accrued liabilities and expenses	233,293	439,450
Income tax payable	1,500	4,700
Stock option liability (Note 11)	6,342	25,116
Warrant derivative liability (Note 12)	23,151	405,500
Total Current Liabilities	409,691	1,128,093
COMMITMENTS AND CONTINGENCIES (Note 14)
STOCKHOLDERS' EQUITY (Notes 4, 10, 11 and 12)
Common stock, $0.01 par value; 300,000,000 shares authorized, 236,328,214, and 234,868,214 shares issued and outstanding, respectively	2,363,282	2,348,682
Additional paid-in capital	135,499,681	133,015,768
Accumulated deficit	(127,170,740)	(125,855,030)
Other comprehensive income	92,248	92,248
Total Stockholders' Equity	10,784,471	9,601,668
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 11,194,162	$ 10,729,761

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($)	Apr. 30, 2019	Oct. 31, 2018
Statement of Financial Position [Abstract]
Allowance for uncollectible taxes, current	$ 126,349	$ 98,414
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	300,000,000	300,000,000
Common stock, shares issued	236,328,214	234,868,214
Common stock, shares outstanding	236,328,214	234,868,214

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2019	Apr. 30, 2018
Income Statement [Abstract]
REVENUES
EXPLORATION AND PROPERTY HOLDING COSTS
Exploration and property holding costs	356,131	102,536	814,160	276,640
Depreciation	7,381	6,763	14,598	13,880
TOTAL EXPLORATION AND PROPERTY HOLDING COSTS	363,512	109,299	828,758	290,520
GENERAL AND ADMINISTRATIVE EXPENSES
Personnel	166,160	113,045	339,367	245,342
Office and administrative	154,996	139,123	280,888	238,089
Professional services	71,397	88,289	136,278	140,199
Directors' fees	53,300	38,440	107,765	80,454
Provision for uncollectible value-added taxes (Note 6)	11,639	5,800	20,955	25,202
TOTAL GENERAL AND ADMINISTRATIVE EXPENSES	457,492	384,697	885,253	729,286
LOSS FROM OPERATIONS	(821,004)	(493,996)	(1,714,011)	(1,019,806)
OTHER INCOME (EXPENSES)
Interest income	6,265	129	6,384	769
Interest and finance costs		(690)		(1,639)
Foreign currency transaction gain	2,073	5,572	7,904	2,599
Change in fair value of stock option liability (Note 11)	16,983	2,249	18,774	(5,792)
Change in fair value of warrant derivative liability (Note 12)	484,636	293,225	370,223	(1,305,119)
Miscellaneous income				225
TOTAL OTHER INCOME (EXPENSES)	509,957	300,485	403,285	(1,308,957)
LOSS BEFORE INCOME TAXES	(311,047)	(193,511)	(1,310,726)	(2,328,763)
INCOME TAX EXPENSE	3,312	236	4,984	1,562
NET AND COMPREHENSIVE LOSS	$ (314,359)	$ (193,747)	$ (1,315,710)	$ (2,330,325)
BASIC AND DILUTED NET LOSS PER COMMON SHARE			$ (0.01)	$ (0.01)
BASIC AND DILUTED WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING (Note 5)	236,010,911	202,514,499	235,435,436	200,944,274

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Other Comprehensive Income [Member]	Total
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
Issuance of common stock as follows: - Exercise of warrants at a price of $CDN 0.13 per share less costs of $585, $140 and $750, $210 (Note 10)	$ 54,400	497,352			551,752
Issuance of common stock as follows: - Exercise of warrants at a price of $CDN 0.13 per share less costs of $585, $140 and $750, $210 (Note 10), (in shares)	5,440,000
Issuance of common stock as follows: - exercise of agent warrants at a price of $CDN 0.10 per share less costs of $165 and $110 (Note 10)	$ 394	2,586			2,980
Issuance of common stock as follows: - exercise of agent warrants at a price of $CDN 0.00 per share less costs of $165 and $110 (Note 10), (in shares)	39,375
Reclassification to additional paid-in capital upon exercise of warrants at price of $CDN 0.13 (Note 12)		379,908			379,908
Reclassification to additional paid-up capital upon exercise of warrants at price of $CDN 0.10 (Note 12)		3,615			3,615
Stock option and warrants activity as follows:
Stock-based compensation for options issued to directors, officers, employees and consultants (Note 11)		51,634			51,634
Net loss			(2,330,325)		(2,330,325)
Balance at Apr. 30, 2018	$ 2,047,393	128,614,759	(124,665,689)	92,248	6,088,711
Balance, shares at Apr. 30, 2018	204,739,342
Balance at Jan. 31, 2018	$ 2,001,693	127,877,925	(124,471,942)	92,248	5,499,924
Balance, shares at Jan. 31, 2018	200,169,342
Issuance of common stock as follows: - Exercise of warrants at a price of $CDN 0.13 per share less costs of $585, $140 and $750, $210 (Note 10)	$ 45,525	413,531			459,056
Issuance of common stock as follows: - Exercise of warrants at a price of $CDN 0.13 per share less costs of $585, $140 and $750, $210 (Note 10), (in shares)	4,552,500
Issuance of common stock as follows: - exercise of agent warrants at a price of $CDN 0.10 per share less costs of $165 and $110 (Note 10)	$ 175	1,086			1,261
Issuance of common stock as follows: - exercise of agent warrants at a price of $CDN 0.00 per share less costs of $165 and $110 (Note 10), (in shares)	17,500
Reclassification to additional paid-in capital upon exercise of warrants at price of $CDN 0.13 (Note 12)		300,627			300,627
Reclassification to additional paid-up capital upon exercise of warrants at price of $CDN 0.10 (Note 12)		1,576			1,576
Stock option and warrants activity as follows:
Stock-based compensation for options issued to directors, officers, employees and consultants (Note 11)		20,014			20,014
Net loss			(193,747)		(193,747)
Balance at Apr. 30, 2018	$ 2,047,393	128,614,759	(124,665,689)	92,248	6,088,711
Balance, shares at Apr. 30, 2018	204,739,342
Balance at Oct. 31, 2018	$ 2,348,682	133,015,768	(125,855,030)	92,248	$ 9,601,668
Balance, shares at Oct. 31, 2018	234,868,214				234,868,214
Issuance of common stock as follows: - Exercise of warrants at a price of $CDN 0.13 per share less costs of $585, $140 and $750, $210 (Note 10)	$ 14,600	128,276			$ 142,876
Issuance of common stock as follows: - Exercise of warrants at a price of $CDN 0.13 per share less costs of $585, $140 and $750, $210 (Note 10), (in shares)	1,460,000
Issuance of common stock as follows: - Earn-in option agreement (Note 4)		2,221,380			2,221,380
Reclassification to additional paid-in capital upon exercise of warrants at price of $CDN 0.13 (Note 12)		12,126			12,126
Stock option and warrants activity as follows:
Stock-based compensation for options issued to directors, officers, employees and consultants (Note 11)		122,131			122,131
Net loss			(1,315,710)		(1,315,710)
Balance at Apr. 30, 2019	$ 2,363,282	135,499,681	(127,170,740)	92,248	$ 10,784,471
Balance, shares at Apr. 30, 2019	236,328,214				236,328,214
Balance at Jan. 31, 2019	$ 2,352,682	134,162,059	(126,856,381)	92,248	$ 9,750,608
Balance, shares at Jan. 31, 2019	235,268,214
Issuance of common stock as follows: - Exercise of warrants at a price of $CDN 0.13 per share less costs of $585, $140 and $750, $210 (Note 10)	$ 10,600	92,928			103,528
Issuance of common stock as follows: - Exercise of warrants at a price of $CDN 0.13 per share less costs of $585, $140 and $750, $210 (Note 10), (in shares)	1,060,000
Issuance of common stock as follows: - Earn-in option agreement (Note 4)		1,175,380			1,175,380
Reclassification to additional paid-in capital upon exercise of warrants at price of $CDN 0.13 (Note 12)		9,094			9,094
Stock option and warrants activity as follows:
Stock-based compensation for options issued to directors, officers, employees and consultants (Note 11)		60,220			60,220
Net loss			(314,359)		(314,359)
Balance at Apr. 30, 2019	$ 2,363,282	$ 135,499,681	$ (127,170,740)	$ 92,248	$ 10,784,471
Balance, shares at Apr. 30, 2019	236,328,214				236,328,214

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (Unaudited) (Parenthetical)	3 Months Ended		6 Months Ended
	Apr. 30, 2019USD ($)	Apr. 30, 2018USD ($)	Apr. 30, 2019USD ($)	Apr. 30, 2018USD ($)	Apr. 30, 2019$ / shares	Apr. 30, 2018$ / shares
Warrant issuance cost | $			$ 210	$ 915
Warrant [Member] | $CDN 0.13 Unit [Member]
Warrant issuance cost | $	$ 140	$ 585	$ 210	750
Warrant [Member] | $CDN 0.13 Unit [Member] | CDN [Member]
Equity issuance, price per share					$ 0.13	$ 0.13
Warrant [Member] | $CDN 0.10 Unit [Member]
Warrant issuance cost | $		$ 110		$ 165
Warrant [Member] | $CDN 0.10 Unit [Member] | CDN [Member]
Equity issuance, price per share						0.10
Warrant One [Member] | $CDN 0.13 Unit [Member] | CDN [Member]
Equity issuance, price per share					$ 0.13	0.13
Warrant One [Member] | $CDN 0.10 Unit [Member] | CDN [Member]
Equity issuance, price per share						$ 0.10

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	6 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (1,315,710)	$ (2,330,325)
Adjustments to reconcile net loss to net cash used by operating activities:
Depreciation	14,598	13,880
Provision for uncollectible value-added taxes	20,955	25,202
Foreign currency transaction loss (gain)	3,157	(2,411)
Change in fair value of warrant derivative liability (Note 12)	(370,223)	1,305,119
Change in fair value of stock option liability (Note 11)	(18,774)	5,792
Stock options issued for compensation	122,131	72,565
Changes in operating assets and liabilities:
Value-added tax receivable	(65,670)	(28,986)
Income tax receivable	(337)
Other receivables	2,171	(7,401)
Prepaid expenses and deposits	47,517	30,848
Accounts payable	(108,467)	37,135
Accrued liabilities and expenses	(220,096)	(95,273)
Income tax payable	(3,200)	(2,780)
Net cash used in operating activities	(1,891,948)	(976,635)
CASH FLOWS FROM INVESTING ACTIVITY:
Acquisition of property concessions (Note 8)	(11,820)	(15,541)
Net cash used in investing activity	(11,820)	(15,541)
CASH FLOWS FROM FINANCING ACTIVITIES:
Property concessions funding (Note 4)	2,221,380
Proceeds from exercise of warrants, net of costs (Note 10)	142,876	555,207
Net cash provided by financing activities	2,364,256	555,207
Effect of exchange rates on cash and cash equivalents	1,067	1,766
Net increase (decrease) in cash and cash equivalents	461,555	(435,203)
Cash and cash equivalents beginning of period	3,025,839	681,776
Cash and cash equivalents end of period	3,487,394	246,573
SUPPLEMENTAL CASH FLOW DISCLOSURES:
Income taxes paid	3,192	4,599
Interest paid		1,639
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Common stock issuance costs included in accounts payable and accrued liability		$ 475

ORGANIZATION AND DESCRIPTION OF

ORGANIZATION AND DESCRIPTION OF BUSINESS	6 Months Ended
	Apr. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND DESCRIPTION OF BUSINESS	NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS 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. The Company’s efforts and expenditures have been concentrated on the exploration of properties, principally 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.

BASIS OF PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Apr. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	NOTE 2 – BASIS OF PRESENTATION The Company’s interim condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) and applicable rules of the U.S. Securities and Exchange Commission (the “SEC”) regarding interim reporting. All intercompany transactions and balances have been eliminated during consolidation. Certain information and note disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. The interim condensed consolidated balance sheet at October 31, 2018 was derived from the audited consolidated financial statements. Accordingly, these interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto contained in the Company’s Annual Report on Form 10-K for the year ended October 31, 2018. All figures are in United States dollars unless otherwise noted. The interim condensed consolidated financial statements have been prepared on the same basis as the audited consolidated financial statements, except as disclosed in Note 3. In the opinion of management, the interim condensed consolidated financial statements furnished herein include all adjustments, all of which are of a normal recurring nature, necessary for a fair statement of the results for the interim periods presented. Uncertainties with respect to estimates and assumptions are inherent in the preparation of the Company’s interim condensed consolidated financial statements. Accordingly, operating results for the six months ended April 30, 2019 are not necessarily indicative of the results that may be expected for the fiscal year ending October 31, 2019.

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Apr. 30, 2019
Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	NOTE 3 – SIGNIFICANT ACCOUNTING POLICIES The significant accounting policies are defined in the Company’s Annual Report on Form 10-K for the year ended October 31, 2018 filed on January 16, 2019, except as follows. Recent Accounting Pronouncements Adopted in the Six-Month Period Ended April 30, 2019 Effective November 1, 2018, the Company adopted the Financial Accounting Standards Board’s (the “FASB’s”) Accounting Standards Update (“ASU”) 2017-05, “Other Income – Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20), Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets,” which addresses the transfer to noncustomers of nonfinancial assets or ownership interests in consolidated subsidiaries that do not constitute a business and the contribution of nonfinancial assets that are not a business to a joint venture or other noncontrolled investee. 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, 2018, the Company adopted the FASB’s ASU Effective November 1, 2018, the Company adopted the FASB’s ASU Effective November 1, 2018, the Company adopted the FASB’s 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. 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, 2018, the Company adopted the FASB’s 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. 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, 2018, the Company adopted the FASB’s 2014-09, standard provides a five-step approach to be applied to all contracts with customers and requires expanded disclosures about revenue recognition. Recent Accounting Pronouncements Not Yet Adopted In June 2018, the FASB issued ASU 2018-07, “Compensation – Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting,” to include share-based payment transactions for acquiring goods and services from nonemployees. ASU 2018-07 simplifies the accounting for nonemployee share-based payments, aligning it more closely with the accounting for employee awards. These changes become effective for the Company’s fiscal year beginning November 1, 2019. 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 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. Other recent accounting pronouncement issued by the FASB (including its Emerging Issues Task Force) and the SEC did not or are not expected to have a material impact on the Company’s present or future consolidated financial statements.

EARN-IN OPTION AGREEMENT

EARN-IN OPTION AGREEMENT	6 Months Ended
	Apr. 30, 2019
Equity Method Investments and Joint Ventures [Abstract]
EARN-IN OPTION AGREEMENT	NOTE 4 – EARN-IN OPTION AGREEMENT On June 1, 2018, the Company and its subsidiaries Minera Metalin and Contratistas entered into an Earn-In Option Agreement (the “Option Agreement”) with South32 International Investment Holdings Pty Ltd (“South32”), a wholly-owned subsidiary of South32 Limited (ASX/JSE/LSE: S32), whereby South32 is able to obtain an option to purchase 70% of the shares of Minera Metalin and Contratistas (the “Option”). Minera Metalin owns the Sierra Mojada Property located in Coahuila, Mexico (the “Sierra Mojada Project”), and Contratistas supplies labor for the Sierra Mojada Project. Under the Option Agreement, South32 earns into the Option by funding a collaborative exploration program on the Sierra Mojada Project. Upon the terms and subject to the conditions set forth in the Option Agreement, in order for South32 to earn and maintain its four-year Option, South32 must have contributed to Minera Metalin for exploration of the Sierra Mojada Project at least $3 million by the end of Year 1, $6 million by the end of Year 2, $8 million by the end of Year 3 and $10 million by the end of Year 4 (the “Initial Funding”). Funding is made on a quarterly basis based on the subsequent quarter’s exploration budget. South32 may exercise the Option by contributing $100 million to Minera Metalin (the “Subscription Payment”), less the amount of Initial Funding previously contributed by South32. The issuance of shares upon notice of exercise of the Option by South32 is subject to antitrust approval by the Mexican government. If the full amount of the Subscription Payment is advanced by South32 and the Option becomes exercisable and is exercised, the Company and South32 will be obligated to contribute funding to Minera Metalin on a 30/70 pro rata basis. If South32 elects not to continue with the Option during the four-year option period, the Sierra Mojada Project will remain 100% owned by the Company. The exploration program will be initially managed by the Company, with South32 being able to approve the exploration program funded by it. The Company received funding of $3,144,163 from South32 for Year 1 of the Option Agreement, of which $1,246,768 remains unspent as of April 30, 2019. In April 2019, the Company received a notice from South32 to maintain the Option Agreement for Year 2 by providing cumulative funding of $6 million by the end of such period. In May 2019 the Company received the initial payment of $319,430 for Year 2 of the Option Agreement from South32. If the Option Agreement is terminated by South32 without cause or if South32 is unable to obtain antitrust authorization from the Mexican government, the Company is under no obligation to reimburse South32 for amounts contributed under the Option Agreement. Upon exercise of the Option, Minera Metalin and Contratistas are required to issue common shares to South32. Pursuant to the Option Agreement, following exercise and until a decision has been made by the board of directors of Minera Metalin to develop and construct a mine on the Sierra Mojada Project, each shareholder holding greater than or equal to 10% of the shares may withdraw as an owner in exchange for a 2% net smelter royalty on products produced and sold from the Sierra Mojada Project. Any shareholder whose holdings are reduced to less than 10% must surrender its interest in exchange for a 2% net smelter royalty. The Company has determined that Minera Metalin and Contratistas are variable interest entities and that the Option Agreement has not resulted in the transfer of control of the Sierra Mojada Project to South32. The Company has also determined that the Option Agreement represents non-employee share-based compensation associated with the collaborative exploration program undertaken by the parties. The compensation cost is expensed when the associated exploration activity occurs. The share-based payments have been classified as equity instruments and valued based on the fair value of the cash consideration received, as it is more reliably measurable than the fair value of the equity interest. If the Option is exercised and shares are issued prior to a decision to develop a mine, such shares would be classified as temporary equity as they would be contingently redeemable in exchange for a net smelter royalty under circumstances that are not wholly in control of the Company or South32 and are not currently probable. No portion of the equity value has been classified as temporary equity as the option has no intrinsic value. The combined approximate carrying amount of the assets and liabilities of Contratistas and Minera Metalin (consolidated with Minera Metalin’s wholly-owned subsidiary) are as follows at April 30, 2019: Assets: Mexico Cash and cash equivalents $ 104,000 Value-added tax receivable, net 231,000 Other receivables 1,000 Income tax receivable 1,000 Prepaid expenses and deposits 109,000 Office and mining equipment, net 187,000 Property concessions 5,032,000 Total assets $ 5,665,000 Liabilities: Accounts payable 47,000 Accrued liabilities and expenses 148,000 Payable to Silver Bull Resources, Inc. to be converted to equity upon exercise of the Option 2,551,000 Total liabilities $ 2,746,000 Net advances and investment in the Company’s Mexican subsidiaries $ 2,919,000 In addition, at April 30, 2019, Silver Bull Resources, Inc. held $1,174,000 of cash received from South32, which is to be contributed to the capital of the Mexican subsidiaries as required for exploration. Cash received from South32 is required to be used to further exploration of Sierra Mojada. The Company’s maximum exposure to loss at April 30, 2019 is $5,470,000, which includes the carrying value of the Mexican subsidiaries’ net assets excluding the payable to Silver Bull Resources, Inc.

LOSS PER SHARE

LOSS PER SHARE	6 Months Ended
	Apr. 30, 2019
Earnings Per Share [Abstract]
LOSS PER SHARE	NOTE 5 – LOSS PER SHARE The Company had stock options and warrants outstanding at April 30, 2019 and 2018 that upon exercise were issuable into 53,515,230 and 34,515,325 shares of the Company’s common stock, respectively. They were not included in the calculation of loss per share because they would have been anti-dilutive.

VALUE-ADDED TAX RECEIVABLE

VALUE-ADDED TAX RECEIVABLE	6 Months Ended
	Apr. 30, 2019
VALUE-ADDED TAX RECEIVABLE [Abstract]
VALUE-ADDED TAX RECEIVABLE	NOTE 6 – VALUE-ADDED TAX RECEIVABLE Value-added tax (“VAT”) receivable relates to VAT paid in Mexico. The Company estimates that net VAT of $231,181 will be received within 12 months of the balance sheet date. The allowance for uncollectible VAT 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. A summary of the changes in the allowance for uncollectible VAT for the six months ended April 30, 2019 is as follows: Allowance for uncollectible VAT – October 31, 2018 $ 98,414 Provision for VAT receivable allowance 20,955 Foreign currency translation adjustment 6,218 Write-off of VAT receivable 762 Allowance for uncollectible VAT – April 30, 2019 $ 126,349

OFFICE AND MINING EQUIPMENT

OFFICE AND MINING EQUIPMENT	6 Months Ended
	Apr. 30, 2019
Property, Plant and Equipment [Abstract]
OFFICE AND MINING EQUIPMENT	NOTE 7 – OFFICE AND MINING EQUIPMENT The following is a summary of the Company’s office and mining equipment at April 30, 2019 and October 31, 2018, respectively: April 30, October 31, 2019 2018 Mining equipment $ 358,513 $ 358,513 Vehicles 73,287 73,287 Buildings and structures 185,724 185,724 Computer equipment and software 74,236 74,236 Well equipment 39,637 39,637 Office equipment 47,597 47,597 778,994 778,994 Less: Accumulated depreciation (592,106 ) (577,508 ) Office and mining equipment, net $ 186,888 $ 201,486

PROPERTY CONCESSIONS

PROPERTY CONCESSIONS	6 Months Ended
	Apr. 30, 2019
PROPERTY CONCESSIONS [Abstract]
PROPERTY CONCESSIONS	NOTE 8 – PROPERTY CONCESSIONS The following is a summary of the Company’s property concessions for the Sierra Mojada Property as at April 30, 2019 and October 31, 2018: Property concessions –October 31, 2018 $ 5,019,927 Acquisitions 11,820 Property concessions – April 30, 2019 $ 5,031,747

GOODWILL

GOODWILL	6 Months Ended
	Apr. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL	NOTE 9 – GOODWILL Goodwill represents the excess, at the date of acquisition, of the purchase price of the business acquired over the fair value of the net tangible and intangible assets acquired. The following is a summary of the Company’s goodwill balance as at April 30, 2019 and October 31, 2018: Goodwill – April 30, 2019 and October 31, 2018 $ 2,058,031

COMMON STOCK

COMMON STOCK	6 Months Ended
	Apr. 30, 2019
Stockholders' Equity Note [Abstract]
COMMON STOCK	NOTE 10 – COMMON STOCK On March 6, 2019, 460,000 warrants to acquire 460,000 shares of common stock were exercised at an exercise price of $CDN 0.13 per share of common stock for aggregate gross proceeds of $44,560 ($CDN 59,800). On February 21, 2019, 600,000 warrants to acquire 600,000 shares of common stock were exercised at an exercise price of $CDN 0.13 per share of common stock for aggregate gross proceeds of $59,109 ($CDN 78,000). On January 30, 2019, 400,000 warrants to acquire 400,000 shares of common stock were exercised at an exercise price of $CDN 0.13 per share of common stock for aggregate gross proceeds of $39,418 ($CDN 52,000). The Company incurred costs of $210 related to warrant exercises in the six months ended April 30, 2019. On April 4, 2018, 625,000 warrants to acquire 625,000 shares of common stock were exercised at an exercise price of $CDN 0.13 per share of common stock for aggregate gross proceeds of $63,432 ($CDN 81,250). On March 29, 2018, 1,000,000 warrants to acquire 1,000,000 shares of common stock were exercised at an exercise price of $CDN 0.13 per share of common stock for aggregate gross proceeds of $100,822 ($CDN 130,000). On March 28, 2018, 8,750 warrants to acquire 8,750 shares of common stock were exercised at an exercise price of $CDN 0.10 per share of common stock for aggregate gross proceeds of $678 ($CDN 875). On March 15, 2018, 1,025,000 warrants to acquire 1,025,000 shares of common stock were exercised at an exercise price of $CDN 0.13 per share of common stock for aggregate gross proceeds of $102,248 ($CDN 133,250). On March 14, 2018, 250,000 warrants to acquire 250,000 shares of common stock were exercised at an exercise price of $CDN 0.13 per share of common stock for aggregate gross proceeds of $25,108 ($CDN 32,500). On March 8, 2018, 974,500 warrants to acquire 974,500 shares of common stock were exercised at an exercise price of $CDN 0.13 per share of common stock for aggregate gross proceeds of $98,000 ($CDN 126,685). On February 20, 2018, 8,750 warrants to acquire 8,750 shares of common stock were exercised at an exercise price of $CDN 0.10 per share of common stock for aggregate gross proceeds of $693 ($CDN 875). On February 20, 2018, 250,000 warrants to acquire 250,000 shares of common stock were exercised at an exercise price of $CDN 0.13 per share of common stock for aggregate gross proceeds of $25,749 ($CDN 32,500). On February 16, 2018, 250,000 warrants to acquire 250,000 shares of common stock were exercised at an exercise price of $CDN 0.13 per share of common stock for aggregate gross proceeds of $25,917 ($CDN 32,500). On February 13, 2018, 178,000 warrants to acquire 178,000 shares of common stock were exercised at an exercise price of $CDN 0.13 per share of common stock for aggregate gross proceeds of $18,365 ($CDN 23,140). On January 29, 2018, 21,875 warrants to acquire 21,875 shares of common stock were exercised at an exercise price of $CDN 0.10 per share of common stock for aggregate gross proceeds of $1,773 ($CDN 2,188). On January 22, 2018, 62,500 warrants to acquire 62,500 shares of common stock were exercised at an exercise price of $CDN 0.13 per share of common stock for aggregate gross proceeds of $6,522 ($CDN 8,125). On January 15, 2018, 625,000 warrants to acquire 625,000 shares of common stock were exercised at an exercise price of $CDN 0.13 per share of common stock for aggregate gross proceeds of $65,408 ($CDN 81,250). On January 8, 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 $20,931 ($CDN 26,000). The Company incurred costs of $915 related to warrant exercises in the six months ended April 30, 2018.

STOCK OPTIONS

STOCK OPTIONS	6 Months Ended
	Apr. 30, 2019
Share-based Payment Arrangement [Abstract]
STOCK OPTIONS	NOTE 11 – STOCK OPTIONS The Company has two stock option plans, the 2010 Stock Option and Stock Bonus Plan, as amended (the “2010 Plan”) and the 2019 Stock Option and Stock Bonus Plan (the “2019 Plan”). Under each of the 2010 Plan and the 2019 Plan, the lesser of (i) 30,000,000 shares or (ii) 10% of the total shares outstanding are reserved for issuance upon the exercise of options or the grant of stock bonuses. Options are typically granted with an exercise price equal to the closing market price of the Company’s stock at the date of grant, have a graded vesting schedule over approximately one to two years and have a contractual term of five years. A summary of the range of assumptions used to value stock options granted for the six months ended April 30, 2019 and 2018 are as follows: Six Months Ended April 30, Options 2019 2018 Expected volatility — 40% Risk-free interest rate — 1.94% Dividend yield — — Expected term (in years) — 5.0 No options were granted or exercised during the six months ended April 30, 2019. No options were exercised during the six months ended April 30, 2018. During the six months ended April 30, 2018, the Company granted to a consultant options that vested immediately to acquire 350,000 shares of common stock with a weighted-average grant-date fair value of $0.06 per share and an exercise price of Canadian dollar (“$CDN”) 0.215 per share. No options were exercised during the six months ended April 30, 2018. The following is a summary of stock option activity for the six months ended April 30, 2019: Options Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Years) Aggregate Intrinsic Value Outstanding at October 31, 2018 18,950,000 $ 0.11 3.48 $ 429,158 Cancelled and expired (275,000) 0.10 Outstanding at April 30, 2019 18,675,000 $ 0.11 2.96 $ 91,075 Exercisable at April 30 2019 13,641,667 $ 0.12 2.44 $ 91,075 The Company recognized stock-based compensation costs for stock options of $122,131 and $72,565 for the six months ended April 30, 2019 and 2018, respectively. As of April 30, 2019, there was $147,151 of total unrecognized compensation expense, which is expected to be recognized over a weighted average period of 0.55 years. Summarized information about stock options outstanding and exercisable at April 30, 2019 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 1.82 $ 0.06 4,075,000 $ 0.06 0.10 11,625,000 3.88 0.10 6,591,667 0.10 0.16 350,000 3.81 0.16 350,000 0.16 0.19 – 0.26 2,625,000 0.56 0.26 2,625,000 0.26 $ 0.06 – 0.26 18,675,000 2.96 $ 0.11 13,641,667 $ 0.12 Stock options granted to consultants with a $CDN exercise price are classified as stock option liability on the Company’s interim condensed consolidated balance sheets upon vesting. The following is a summary of the Company’s stock option liability at April 30, 2019 and October 31, 2018: Stock option liability at October 31, 2018: $ 25,116 Change in fair value of stock option liability (18,774 ) Stock option liability at April 30, 2019 $ 6,342

WARRANTS

WARRANTS	6 Months Ended
	Apr. 30, 2019
Warrants and Rights Note Disclosure [Abstract]
WARRANTS	NOTE 12 – A summary of warrant activity for the six months ended April 30, 2019 is as follows: Warrants Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Years) Aggregate Intrinsic Value Outstanding and exercisable at October 31, 2019 36,300,230 $ 0.13 1.16 $ 254,068 Exercised (1,460,000 ) $ 0.10 Outstanding and exercisable at April 30, 2019 34,840,230 $ 0.13 0.68 $ 1,333 Warrants exercised during the six months ended April 30, 2019 and 2018 are discussed in Note 10. The warrants exercised during the six months ended April 30, 2019 and 2018 had an intrinsic value of $12,126 and $383,523, respectively. Summarized information about warrants outstanding and exercisable at April 30, 2019 is as follows: Warrants Outstanding and Exercisable Exercise Price Number Outstanding Weighted Average Remaining Contractual Life (Years) Weighted Average Exercise Price $ 0.08 357,925 0.19 $ 0.08 0.10 14,340,000 0.21 0.10 0.12 4,340,000 0.22 0.12 0.14 1,231,374 1.25 0.14 0.16 14,570,931 1.25 0.16 $ 0.08 – 0.16 34,840,230 0.68 $ 0.13 If the closing price of the Company’s 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 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’s warrants with a $CDN exercise price have been recognized as a derivative liability. The following is a summary of the Company’s warrant derivative liability at April 30, 2019 and October 31, 2018: Warrant derivative liability at October 31, 2018: $ 405,500 Change in fair value of warrant derivative liability (370,223 ) Reclassification to additional paid-in capital upon exercise of warrants (12,126 ) Warrant derivative liability at April 30, 2019 $ 23,151

FINANCIAL INSTRUMENTS

FINANCIAL INSTRUMENTS	6 Months Ended
	Apr. 30, 2019
Fair Value Disclosures [Abstract]
FINANCIAL INSTRUMENTS	NOTE 13 – FINANCIAL INSTRUMENTS Fair Value Measurements All financial assets and financial liabilities are recorded at fair value on initial recognition. Transaction costs are expensed when they are incurred, unless they are directly attributable to the acquisition of 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 April 30, 2019 and October 31, 2018 due to the short maturities of these financial instruments. Derivative liability The Company classifies warrants with a $CDN exercise price on its interim condensed 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. The Company has used the Black-Scholes pricing model to determine the fair value of the warrants that do not have an acceleration feature and has used the Monte Carlo valuation model to determine the fair value of 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 a dividend in the foreseeable future. The Company reclassifies stock options granted to consultants with a $CDN exercise price on its interim condensed consolidated balance sheets upon vesting as a stock option liability that is fair valued at each reporting period subsequent to reclassification as the functional currency of Silver Bull is the U.S. dollar. The Company has used the Black-Scholes pricing model to fair value these stock options. Determining the appropriate fair-value model and calculating the fair value of these stock options 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 reclassification, and at each subsequent reporting period, is based on the historical volatility of the Company’s common stock and adjusted if future volatility is expected to vary from historical experience. 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 options at the valuation date. The expected life of the options is based upon historical and expected future exercise behavior. 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 warrants are 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 interim condensed 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 fair value are recorded in the interim condensed consolidated statement of operations and comprehensive loss each reporting period. These are considered to be a Level 3 financial instrument. The Company has the following liabilities under the fair value hierarchy: April 30, 2019 Liability Level 1 Level 2 Level 3 Stock option liability $ — $ — $ 6,342 Warrant derivative liability $ — $ — $ 23,151 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 acceptable levels of creditworthiness. The Company maintains its U.S. dollar and Canadian dollar cash and cash equivalents in bank and demand deposit accounts with major financial institutions with high credit standings. Cash deposits held in Canada are insured by the Canada Deposit Insurance Corporation (“CDIC”) for up to $CDN 100,000. Certain Canadian bank accounts held by the Company exceed these federally insured limits or are uninsured as they relate to U.S. dollar deposits held in Canadian financial institutions. As of April 30, 2019, and October 31, 2018, the Company’s cash and cash equivalent balances held in Canadian financial institutions included $3,325,066 and $2,919,461, respectively, which was not insured by the 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 to cash and cash equivalents. The Company also maintains cash in bank accounts in Mexico. These accounts are denominated in the local currency and are considered uninsured. As of April 30, 2019, and October 31, 2018, the U.S. dollar equivalent balance for these accounts was $104,485 and $32,668, respectively. Interest Rate Risk The Company holds substantially all of its 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 six months ended April 30, 2019, a 1% decrease in interest rates would have resulted in a reduction of approximately $3,192 in interest income for the period. Foreign Currency Exchange Risk The Company is not subject to any significant market risk related to foreign currency exchange rate fluctuations.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Apr. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 14 – 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 in 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 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 hired or performed work for Minera Metalin under this agreement and Minera Metalin did not commit 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 interim condensed 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	6 Months Ended
	Apr. 30, 2019
Segment Reporting [Abstract]
SEGMENT INFORMATION	NOTE 15 – SEGMENT INFORMATION The Company operates in a single reportable segment: the exploration of mineral property interests. The Company has mineral property interests in Sierra Mojada, Mexico. Geographic information is approximately For the Three Months Ended For the Six Months Ended April 30, April 30, 2019 2018 2019 2018 Mexico (377,000 ) $ (117,000 ) $ (846,000 ) $ (318,000 ) Canada 63,000 (77,000 ) (470,000 ) (2,012,000 ) Net Loss (314,000 ) $ (194,000 ) $ (1,316,000 ) $ (2,330,000 ) The following table details the allocation of assets included in the accompanying balance sheet at April 30, 2019: Canada Mexico Total Cash and cash equivalents $ 3,383,000 $ 104,000 $ 3,487,000 Value-added tax receivable, net — 231,000 231,000 Other receivables 9,000 1,000 10,000 Prepaid expenses and deposits 79,000 110,000 189,000 Office and mining equipment, net — 187,000 187,000 Property concessions — 5,032,000 5,032,000 Goodwill — 2,058,000 2,058,000 $ 3,471,000 $ 7,723,000 $ 11,194,000 The following table details the allocation of assets included in the accompanying balance sheet at October 31, 2018: Canada Mexico Total Cash and cash equivalents $ 2,993,000 $ 33,000 $ 3,026,000 Value-added tax receivable, net — 175,000 175,000 Other receivables 11,000 1,000 12,000 Prepaid expenses and deposits 226,000 11,000 237,000 Office and mining equipment, net — 202,000 202,000 Property concessions — 5,020,000 5,020,000 Goodwill — 2,058,000 2,058,000 $ 3,230,000 $ 7,500,000 $ 10,730,000 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.

SIGNIFICANT ACCOUNTING POLICI_2

SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Apr. 30, 2019
Accounting Policies [Abstract]
Recent Accounting Pronouncements Adopted in the Six-Month Period Ended April 30, 2019	Recent Accounting Pronouncements Adopted in the Six-Month Period Ended April 30, 2019 Effective November 1, 2018, the Company adopted the Financial Accounting Standards Board’s (the “FASB’s”) Accounting Standards Update (“ASU”) 2017-05, “Other Income – Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20), Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets,” which addresses the transfer to noncustomers of nonfinancial assets or ownership interests in consolidated subsidiaries that do not constitute a business and the contribution of nonfinancial assets that are not a business to a joint venture or other noncontrolled investee. 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, 2018, the Company adopted the FASB’s ASU Effective November 1, 2018, the Company adopted the FASB’s ASU Effective November 1, 2018, the Company adopted the FASB’s 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. 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, 2018, the Company adopted the FASB’s 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. 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, 2018, the Company adopted the FASB’s 2014-09, standard provides a five-step approach to be applied to all contracts with customers and requires expanded disclosures about revenue recognition.
Recent Accounting Pronouncements Not Yet Adopted	Recent Accounting Pronouncements Not Yet Adopted In June 2018, the FASB issued ASU 2018-07, “Compensation – Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting,” to include share-based payment transactions for acquiring goods and services from nonemployees. ASU 2018-07 simplifies the accounting for nonemployee share-based payments, aligning it more closely with the accounting for employee awards. These changes become effective for the Company’s fiscal year beginning November 1, 2019. 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 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. Other recent accounting pronouncement issued by the FASB (including its Emerging Issues Task Force) and the SEC did not or are not expected to have a material impact on the Company’s present or future consolidated financial statements.

EARN-IN OPTION AGREEMENT (Table

EARN-IN OPTION AGREEMENT (Tables)	6 Months Ended
	Apr. 30, 2019
Other Commitments [Abstract]
Schedule of Consolidated Assets and Liabilities of Subsidiaries	The combined approximate carrying amount of the assets and liabilities of Contratistas and Minera Metalin (consolidated with Minera Metalin’s wholly-owned subsidiary) are as follows at April 30, 2019: Assets: Mexico Cash and cash equivalents $ 104,000 Value-added tax receivable, net 231,000 Other receivables 1,000 Income tax receivable 1,000 Prepaid expenses and deposits 109,000 Office and mining equipment, net 187,000 Property concessions 5,032,000 Total assets $ 5,665,000 Liabilities: Accounts payable 47,000 Accrued liabilities and expenses 148,000 Payable to Silver Bull Resources, Inc. to be converted to equity upon exercise of the Option 2,551,000 Total liabilities $ 2,746,000 Net advances and investment in the Company’s Mexican subsidiaries $ 2,919,000

VALUE-ADDED TAX RECEIVABLE (Tab

VALUE-ADDED TAX RECEIVABLE (Tables)	6 Months Ended
	Apr. 30, 2019
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 for the six months ended April 30, 2019 is as follows: Allowance for uncollectible VAT – October 31, 2018 $ 98,414 Provision for VAT receivable allowance 20,955 Foreign currency translation adjustment 6,218 Write-off of VAT receivable 762 Allowance for uncollectible VAT – April 30, 2019 $ 126,349

OFFICE AND MINING EQUIPMENT (Ta

OFFICE AND MINING EQUIPMENT (Tables)	6 Months Ended
	Apr. 30, 2019
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 April 30, 2019 and October 31, 2018, respectively: April 30, October 31, 2019 2018 Mining equipment $ 358,513 $ 358,513 Vehicles 73,287 73,287 Buildings and structures 185,724 185,724 Computer equipment and software 74,236 74,236 Well equipment 39,637 39,637 Office equipment 47,597 47,597 778,994 778,994 Less: Accumulated depreciation (592,106 ) (577,508 ) Office and mining equipment, net $ 186,888 $ 201,486

PROPERTY CONCESSIONS (Tables)

PROPERTY CONCESSIONS (Tables)	6 Months Ended
	Apr. 30, 2019
PROPERTY CONCESSIONS [Abstract]
Summary of Property Concessions	The following is a summary of the Company’s property concessions for the Sierra Mojada Property as at April 30, 2019 and October 31, 2018: Property concessions –October 31, 2018 $ 5,019,927 Acquisitions 11,820 Property concessions – April 30, 2019 $ 5,031,747

GOODWILL (Tables)

GOODWILL (Tables)	6 Months Ended
	Apr. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of the Goodwill Balance	The following is a summary of the Company’s goodwill balance as at April 30, 2019 and October 31, 2018: Goodwill – April 30, 2019 and October 31, 2018 $ 2,058,031

STOCK OPTIONS (Tables)

STOCK OPTIONS (Tables)	6 Months Ended
	Apr. 30, 2019
Share-based Payment Arrangement [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 six months ended April 30, 2019 and 2018 are as follows: Six Months Ended April 30, Options 2019 2018 Expected volatility — 40% Risk-free interest rate — 1.94% Dividend yield — — Expected term (in years) — 5.0
Schedule of Stock Option Activity	The following is a summary of stock option activity for the six months ended April 30, 2019: Options Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Years) Aggregate Intrinsic Value Outstanding at October 31, 2018 18,950,000 $ 0.11 3.48 $ 429,158 Cancelled and expired (275,000) 0.10 Outstanding at April 30, 2019 18,675,000 $ 0.11 2.96 $ 91,075 Exercisable at April 30 2019 13,641,667 $ 0.12 2.44 $ 91,075
Schedule of Stock Options Outstanding and Exercisable by Exercise Price Range	Summarized information about stock options outstanding and exercisable at April 30, 2019 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 1.82 $ 0.06 4,075,000 $ 0.06 0.10 11,625,000 3.88 0.10 6,591,667 0.10 0.16 350,000 3.81 0.16 350,000 0.16 0.19 – 0.26 2,625,000 0.56 0.26 2,625,000 0.26 $ 0.06 – 0.26 18,675,000 2.96 $ 0.11 13,641,667 $ 0.12
Summary of Stock Option Liability	Stock options granted to consultants with a $CDN exercise price are classified as stock option liability on the Company’s interim condensed consolidated balance sheets upon vesting. The following is a summary of the Company’s stock option liability at April 30, 2019 and October 31, 2018: Stock option liability at October 31, 2018: $ 25,116 Change in fair value of stock option liability (18,774 ) Stock option liability at April 30, 2019 $ 6,342

WARRANTS (Tables)

WARRANTS (Tables)	6 Months Ended
	Apr. 30, 2019
Warrants and Rights Note Disclosure [Abstract]
Summary of Warrants Activity	A summary of warrant activity for the six months ended April 30, 2019 is as follows: Warrants Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Years) Aggregate Intrinsic Value Outstanding and exercisable at October 31, 2019 36,300,230 $ 0.13 1.16 $ 254,068 Exercised (1,460,000 ) $ 0.10 Outstanding and exercisable at April 30, 2019 34,840,230 $ 0.13 0.68 $ 1,333
Summary of Warrants Outstanding and Exercisable by Price Range	Summarized information about warrants outstanding and exercisable at April 30, 2019 is as follows: Warrants Outstanding and Exercisable Exercise Price Number Outstanding Weighted Average Remaining Contractual Life (Years) Weighted Average Exercise Price $ 0.08 357,925 0.19 $ 0.08 0.10 14,340,000 0.21 0.10 0.12 4,340,000 0.22 0.12 0.14 1,231,374 1.25 0.14 0.16 14,570,931 1.25 0.16 $ 0.08 – 0.16 34,840,230 0.68 $ 0.13
Summary of warrant derivative liability	The following is a summary of the Company’s warrant derivative liability at April 30, 2019 and October 31, 2018: Warrant derivative liability at October 31, 2018: $ 405,500 Change in fair value of warrant derivative liability (370,223 ) Reclassification to additional paid-in capital upon exercise of warrants (12,126 ) Warrant derivative liability at April 30, 2019 $ 23,151

FINANCIAL INSTRUMENTS (Tables)

FINANCIAL INSTRUMENTS (Tables)	6 Months Ended
	Apr. 30, 2019
Financial Instruments
Summary of derivative liability under fair value	The Company has the following liabilities under the fair value hierarchy: April 30, 2019 Liability Level 1 Level 2 Level 3 Stock option liability $ — $ — $ 6,342 Warrant derivative liability $ — $ — $ 23,151

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	6 Months Ended
	Apr. 30, 2019
Segment Reporting [Abstract]
Schedule of Net Income (Loss) by Segment	Geographic information is approximately For the Three Months Ended For the Six Months Ended April 30, April 30, 2019 2018 2019 2018 Mexico (377,000 ) $ (117,000 ) $ (846,000 ) $ (318,000 ) Canada 63,000 (77,000 ) (470,000 ) (2,012,000 ) Net Loss (314,000 ) $ (194,000 ) $ (1,316,000 ) $ (2,330,000 )

EARN-IN OPTION AGREEMENT (Detai

EARN-IN OPTION AGREEMENT (Details) - USD ($)	Jun. 01, 2018	May 31, 2019	Jun. 30, 2018	Apr. 30, 2019	Apr. 30, 2018
Property concessions funding				$ 2,221,380
South32 Limited [Member]
Option period	4 years
Percentage of owned	100.00%
Property concessions funding			$ 3,144,163
Property concessions funding, amount remaining				1,246,768
Payment received		$ 319,430		6,000,000
Cash to be contributed to the capital of the Mexican subsidiaries as required for exploration				1,174,000
Mexican subsidiaries maximum loss exposure				$ 5,470,000
South32 Limited [Member] | 1 year [Member]
Contribution of minimum exploration fund	$ 3,000,000
South32 Limited [Member] | 2 year [Member]
Contribution of minimum exploration fund	6,000,000
South32 Limited [Member] | 3 year [Member]
Contribution of minimum exploration fund	8,000,000
South32 Limited [Member] | 4 year [Member]
Contribution of minimum exploration fund	10,000,000
Minera Metalin [Member]
Contribution to acquired shares	$ 100,000,000
Percentage of owned	70.00%

EARN-IN OPTION AGREEMENT (Sched

EARN-IN OPTION AGREEMENT (Schedule of Consolidated Assets and Liabilities of Subsidiaries) (Details) - USD ($)	Apr. 30, 2019	Jan. 31, 2019	Oct. 31, 2018	Apr. 30, 2018	Jan. 31, 2018	Oct. 31, 2017
Assets:
Cash and cash equivalents	$ 3,487,394		$ 3,025,839	$ 246,573		$ 681,776
Value-added tax receivable, net	231,181		175,020
Other receivables	9,955		12,045
Income tax receivable	510		160
Prepaid expenses and deposits	188,456		237,253
Office and mining equipment, net	186,888		201,486
Property concessions	5,031,747		5,019,927
TOTAL ASSETS	11,194,162		10,729,761
Liabilities:
Accounts payable	145,405		253,327
Accrued liabilities and expenses	233,293		439,450
Net advances and investment in the Company's Mexican subsidiaries	(10,784,471)	$ (9,750,608)	$ (9,601,668)	$ (6,088,711)	$ (5,499,924)	$ (7,429,147)
Minera Metalin and Contratistas [Member]
Assets:
Cash and cash equivalents	104,000
Value-added tax receivable, net	231,000
Other receivables	1,000
Income tax receivable	1,000
Prepaid expenses and deposits	109,000
Office and mining equipment, net	187,000
Property concessions	5,032,000
TOTAL ASSETS	5,665,000
Liabilities:
Accounts payable	47,000
Accrued liabilities and expenses	148,000
Payable to Silver Bull Resources, Inc. to be converted to equity upon exercise of the Option	2,551,000
Total liabilities	2,746,000
Net advances and investment in the Company's Mexican subsidiaries	$ 2,919,000

LOSS PER SHARE (Details)

LOSS PER SHARE (Details) - shares	6 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Earnings Per Share [Abstract]
Anti-dilutive shares, stock options and warrants	53,515,230	34,515,325

VALUE-ADDED TAX RECEIVABLE (Nar

VALUE-ADDED TAX RECEIVABLE (Narrative) (Details) - USD ($)	Apr. 30, 2019	Oct. 31, 2018
VALUE-ADDED TAX RECEIVABLE [Abstract]
Value-added tax receivable, current	$ 231,181	$ 175,020

VALUE-ADDED TAX RECEIVABLE (Sum

VALUE-ADDED TAX RECEIVABLE (Summary of the Changes in the Allowance for Uncollectible Taxes) (Details)	6 Months Ended
	Apr. 30, 2019USD ($)
VALUE-ADDED TAX RECEIVABLE [Abstract]
Allowance for uncollectible VAT - October 31, 2018	$ 98,414
Provision for VAT receivable allowance	20,955
Foreign currency translation adjustment	6,218
Write-off of VAT receivable	762
Allowance for uncollectible VAT - April 30, 2019	$ 126,349

OFFICE AND MINING EQUIPMENT (De

OFFICE AND MINING EQUIPMENT (Details) - USD ($)	Apr. 30, 2019	Oct. 31, 2018
Property, Plant and Equipment [Line Items]
Office and mining equipment, gross	$ 778,994	$ 778,994
Less: Accumulated depreciation	(592,106)	(577,508)
Office and mining equipment, net	186,888	201,486
Mining equipment [Member]
Property, Plant and Equipment [Line Items]
Office and mining equipment, gross	358,513	358,513
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Office and mining equipment, gross	73,287	73,287
Building and structures [Member]
Property, Plant and Equipment [Line Items]
Office and mining equipment, gross	185,724	185,724
Computer equipment and software [Member]
Property, Plant and Equipment [Line Items]
Office and mining equipment, gross	74,236	74,236
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	$ 47,597

PROPERTY CONCESSIONS (Details)

PROPERTY CONCESSIONS (Details)	6 Months Ended
	Apr. 30, 2019USD ($)
PROPERTY CONCESSIONS [Abstract]
Property concessions - October 31, 2018	$ 5,019,927
Acquisitions	11,820
Property concessions - April 30, 2019	$ 5,031,747

GOODWILL (Summary of the Goodwi

GOODWILL (Summary of the Goodwill Balance) (Details) - USD ($)	Apr. 30, 2019	Oct. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill - April 30, 2019 and October 31, 2018	$ 2,058,031	$ 2,058,031

COMMON STOCK (Details)

COMMON STOCK (Details)	Mar. 06, 2019USD ($)shares	Mar. 06, 2019CAD ($)$ / sharesshares	Apr. 04, 2018USD ($)shares	Apr. 04, 2018CAD ($)$ / sharesshares	Mar. 15, 2018USD ($)shares	Mar. 15, 2018CAD ($)$ / sharesshares	Mar. 14, 2018USD ($)shares	Mar. 14, 2018CAD ($)$ / sharesshares	Mar. 08, 2018USD ($)shares	Mar. 08, 2018CAD ($)$ / sharesshares	Jan. 15, 2018USD ($)shares	Jan. 15, 2018CAD ($)$ / sharesshares	Jan. 08, 2018USD ($)shares	Jan. 08, 2018CAD ($)$ / sharesshares	Feb. 21, 2019USD ($)shares	Feb. 21, 2019CAD ($)$ / sharesshares	Jan. 30, 2019USD ($)shares	Jan. 30, 2019CAD ($)$ / sharesshares	Mar. 29, 2018USD ($)shares	Mar. 29, 2018CAD ($)$ / sharesshares	Mar. 28, 2018USD ($)shares	Mar. 28, 2018CAD ($)$ / sharesshares	Feb. 20, 2018USD ($)shares	Feb. 20, 2018CAD ($)$ / sharesshares	Feb. 16, 2018USD ($)shares	Feb. 16, 2018CAD ($)$ / sharesshares	Feb. 13, 2018USD ($)shares	Feb. 13, 2018CAD ($)$ / sharesshares	Jan. 29, 2018USD ($)shares	Jan. 29, 2018CAD ($)$ / sharesshares	Jan. 22, 2018USD ($)shares	Jan. 22, 2018CAD ($)$ / sharesshares	Apr. 30, 2019USD ($)	Apr. 30, 2018USD ($)
Class of Stock [Line Items]
Warrant issuance cost																																	$ 210	$ 915
$CDN 0.13 Unit [Member]
Class of Stock [Line Items]
Stock issued during period, shares | shares	460,000	460,000	625,000	625,000	1,025,000	1,025,000	250,000	250,000	974,500	974,500	625,000	625,000	200,000	200,000	600,000	600,000	400,000	400,000	1,000,000	1,000,000			250,000	250,000	250,000	250,000	178,000	178,000			62,500	62,500
Proceeds from issuance of common stock	$ 44,560		$ 63,432		$ 102,248		$ 25,108		$ 98,000		$ 65,408		$ 20,931		$ 59,109		$ 39,418		$ 100,822				$ 25,749		$ 25,917		$ 18,365				$ 6,522
Warrant Acquired | shares		460,000		625,000		1,025,000		250,000		974,500		625,000		200,000		600,000		400,000		1,000,000				250,000		250,000		178,000				62,500
$CDN 0.13 Unit [Member] | CDN [Member]
Class of Stock [Line Items]
Equity issuance, price per share | $ / shares		$ 0.13		$ 0.13		$ 0.13		$ .13		$ 0.13		$ 0.13		$ 0.13		$ 0.13		$ 0.13		$ 0.13				$ 0.13		$ 0.13		$ 0.13				$ 0.13
Proceeds from issuance of common stock		$ 59,800		$ 81,250		$ 133,250		$ 32,500		$ 126,685		$ 81,250		$ 26,000		$ 78,000		$ 52,000		$ 130,000				$ 32,500		$ 32,500		$ 23,140				$ 8,125
$CDN 0.10 Unit [Member]
Class of Stock [Line Items]
Stock issued during period, shares | shares																					8,750	8,750	8,750	8,750					21,875	21,875
Proceeds from issuance of common stock																					$ 678		$ 693						$ 1,773
Warrant Acquired | shares																						8,750		8,750						21,875
$CDN 0.10 Unit [Member] | CDN [Member]
Class of Stock [Line Items]
Equity issuance, price per share | $ / shares																						$ 0.10		$ 0.10						$ 0.10
Proceeds from issuance of common stock																						$ 875		$ 875						$ 2,188

STOCK OPTIONS (Narrative) (Deta

STOCK OPTIONS (Narrative) (Details)	6 Months Ended
	Apr. 30, 2019USD ($)shares	Apr. 30, 2018USD ($)$ / sharesshares	Apr. 30, 2018$ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation costs recognized during the period | $	$ 122,131	$ 72,565
Total unrecognized compensation costs related to non-vested share based compensation arrangements granted under qualified stock option plans | $	$ 147,151
Weighted-average period for remaining compensation costs to be recognized	6 months 18 days
2019 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
The number of shares authorized under the plan | shares	30,000,000
Shares outstanding reserved for issuance upon the exercise of options or the grant of stock bonuses percentage	10.00%
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Contractual term for options	5 years	5 years
Total options granted during the period | shares		350,000
Exercise price of options granted | $ / shares			$ 0.215
Weighted-average grant date fair value of options granted during period | $ / shares		$ 0.06
Employee Stock Option [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period for plan	1 year
Employee Stock Option [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period for plan	2 years

STOCK OPTIONS (Schedule of Assu

STOCK OPTIONS (Schedule of Assumptions Used to Value Stock Options Granted) (Details)	6 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Share-based Payment Arrangement [Abstract]
Expected volatility		40.00%
Risk-free interest rate		1.94%
Dividend yield
Expected term (in years)		5 years

STOCK OPTIONS (Summary of Stock

STOCK OPTIONS (Summary of Stock Option Activity) (Details) - USD ($)	6 Months Ended	12 Months Ended
	Apr. 30, 2019	Oct. 31, 2018
Shares
Outstanding at October 31, 2018	18,950,000
Cancelled and expired	(275,000)
Outstanding at April 30, 2019	18,675,000	18,950,000
Exercisable at April 30, 2019	13,641,667
Weighted Average Exercise Price
Outstanding at October 31, 2018	$ 0.11
Cancelled and expired	0.10
Outstanding at April 30, 2019	0.11	$ 0.11
Exercisable at April 30, 2019	$ 0.12
Weighted Average Remaining Contractual Life (Years), Outstanding	2 years 11 months 15 days	3 years 5 months 23 days
Weighted Average Remaining Contractual Life (Years), Exercisable	2 years 5 months 9 days
Aggregate intrinsic value, Outstanding	$ 91,075	$ 429,158
Aggregate intrinsic value, Exercisable at April 30, 2019	$ 91,075

STOCK OPTIONS (Summarized Infor

STOCK OPTIONS (Summarized Information of Stock Options Outstanding and Exercisable) (Details)	6 Months Ended
	Apr. 30, 2019$ / sharesshares
0.06 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise Price	$ 0.06
Number of options outstanding | shares	4,075,000
Weighted Average Remaining Contractual Life (Years)	1 year 9 months 25 days
Weighted Average Exercise Price	$ 0.06
Number Exercisable | shares	4,075,000
Options Exercisable - Weighted Average Exercise Price	$ 0.06
0.10 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise Price	$ 0.10
Number of options outstanding | shares	11,625,000
Weighted Average Remaining Contractual Life (Years)	3 years 10 months 17 days
Weighted Average Exercise Price	$ 0.10
Number Exercisable | shares	6,591,667
Options Exercisable - Weighted Average Exercise Price	$ 0.10
0.16 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise Price	$ 0.16
Number of options outstanding | shares	350,000
Weighted Average Remaining Contractual Life (Years)	3 years 9 months 22 days
Weighted Average Exercise Price	$ 0.16
Number Exercisable | shares	350,000
Options Exercisable - Weighted Average Exercise Price	$ 0.16
0.19 - 0.26 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Minimum exercise price	0.19
Maximum exercise price	$ 0.26
Number of options outstanding | shares	2,625,000
Weighted Average Remaining Contractual Life (Years)	6 months 21 days
Weighted Average Exercise Price	$ 0.26
Number Exercisable | shares	2,625,000
Options Exercisable - Weighted Average Exercise Price	$ 0.26
0.06 - 0.26 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Minimum exercise price	0.06
Maximum exercise price	$ 0.26
Number of options outstanding | shares	18,675,000
Weighted Average Remaining Contractual Life (Years)	2 years 11 months 15 days
Weighted Average Exercise Price	$ 0.11
Number Exercisable | shares	13,641,667
Options Exercisable - Weighted Average Exercise Price	$ 0.12

STOCK OPTIONS (Summary of Sto_2

STOCK OPTIONS (Summary of Stock Option Liability) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2019	Apr. 30, 2018
Share-based Payment Arrangement [Abstract]
Stock option liability at October 31, 2018			$ 25,116
Change in fair value of stock option liability	$ (16,983)	$ (2,249)	(18,774)	$ 5,792
Stock option liability at April 30, 2019	$ 6,342		$ 6,342

WARRANTS (Narrative) (Details)

WARRANTS (Narrative) (Details) - Warrant [Member] - USD ($)	6 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Class of Warrant or Right [Line Items]
Warrant Intrinsic value of Exercise	$ 12,126	$ 383,523
Maximum [Member]
Class of Warrant or Right [Line Items]
Equity issuance, price per share	$ 0.12

WARRANTS (Summary of Warrant Ac

WARRANTS (Summary of Warrant Activity) (Details) - USD ($)	6 Months Ended	12 Months Ended
	Apr. 30, 2019	Oct. 31, 2018
Weighted Average Exercise Price
Weighted Average Remaining Contractual Life (Years)	2 years 11 months 15 days	3 years 5 months 23 days
Weighted Average Remaining Contractual Life (Years), Outstanding and Exercisable	2 years 5 months 9 days
Warrant [Member]
Shares
Outstanding and exercisable at October 31, 2019	36,300,230
Exercised	(1,460,000)
Outstanding and exercisable at April 30, 2019	34,840,230	36,300,230
Weighted Average Exercise Price
Outstanding and exercisable at October 31, 2019	$ 0.13
Exercised, weighted average exercise price	0.10
Outstanding and exercisable at April 30, 2019	$ 0.13	$ 0.13
Weighted Average Remaining Contractual Life (Years), Outstanding and Exercisable	8 months 5 days	1 year 1 month 27 days
Aggregate intrinsic value	$ 1,333	$ 254,068

WARRANTS (Summary of Warrants O

WARRANTS (Summary of Warrants Outstanding and Exercisable by Price Range) (Details)	6 Months Ended
	Apr. 30, 2019$ / sharesshares
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	34,840,230
Weighted Remaining Average Contractual Life (Years)	8 months 5 days
Weighted average exercise price, outstanding	$ 0.13
Warrant Exercise Price Range One [Member]
Class of Warrant or Right [Line Items]
Exercise price	$ 0.08
Warrants and Exercisable outstanding | shares	357,925
Weighted Remaining Average Contractual Life (Years)	2 months 8 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	14,340,000
Weighted Remaining Average Contractual Life (Years)	2 months 16 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)	2 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	$ 0.14
Warrants and Exercisable outstanding | shares	1,231,374
Weighted Remaining Average Contractual Life (Years)	1 year 2 months 30 days
Weighted average exercise price, outstanding	$ 0.14
Warrant Exercise Price Range Five [Member]
Class of Warrant or Right [Line Items]
Exercise price	$ 0.16
Warrants and Exercisable outstanding | shares	14,570,931
Weighted Remaining Average Contractual Life (Years)	1 year 2 months 30 days
Weighted average exercise price, outstanding	$ 0.16

WARRANTS (Summary of Warrants D

WARRANTS (Summary of Warrants Derivative Liability) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2019	Apr. 30, 2018
Warrants and Rights Note Disclosure [Abstract]
Warrant derivative liability at October 31, 2018:			$ 405,500
Change in fair value of warrant derivative liability	$ (484,636)	$ (293,225)	(370,223)	$ 1,305,119
Reclassification to additional paid-in capital upon exercise of warrants			(12,126)
Warrant derivative liability at April 30, 2019	$ 23,151		$ 23,151

FINANCIAL INSTRUMENTS (Narrativ

FINANCIAL INSTRUMENTS (Narrative) (Details)	6 Months Ended
	Apr. 30, 2019USD ($)	Apr. 30, 2019CAD ($)	Oct. 31, 2018USD ($)
Cash balance insured by CDIC per financial institution		$ 100,000
Value of total cash accounts held in Mexico and Gabon	$ 104,485		$ 32,668
Effect of a 1% decrease in interest rates on interest income	3,192
CDN [Member]
Cash balances not insured	$ 3,325,066		$ 2,919,461

FINANCIAL INSTRUMENTS (Schedule

FINANCIAL INSTRUMENTS (Schedule of Fair Value of Derivative Liability) (Details)	Apr. 30, 2019USD ($)
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	6,342
Warrant derivative liability	$ 21,151

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Royalty) (Details) - Sierra Mojada Property Concession [Member]	Apr. 30, 2019USD ($)
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 CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Litigation and Claims) (Details)	6 Months Ended
	Apr. 30, 2019
Litigation and Claims:
Interest rate sought on the Royalty	6.00%

SEGMENT INFORMATION (Schedule o

SEGMENT INFORMATION (Schedule of Segment Net Loss) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2019	Apr. 30, 2018
Segment Reporting Information [Line Items]
Net Loss	$ (314,359)	$ (193,747)	$ (1,315,710)	$ (2,330,325)
Mexico [Member]
Segment Reporting Information [Line Items]
Net Loss	(377,000)	(117,000)	(846,000)	(318,000)
Canada [Member]
Segment Reporting Information [Line Items]
Net Loss	$ 63,000	$ (77,000)	$ (470,000)	$ (2,012,000)

SEGMENT INFORMATION (Schedule_2

SEGMENT INFORMATION (Schedule of Segment Assets) (Details) - USD ($)	Apr. 30, 2019	Oct. 31, 2018
Segment Reporting Information [Line Items]
Cash and cash equivalents	$ 3,487,000	$ 3,026,000
Value-added tax receivable, net	231,181	175,020
Other receivables	9,955	12,045
Prepaid expenses and deposits	188,456	237,253
Office and mining equipment, net	186,888	201,486
Property concessions	5,031,747	5,019,927
Goodwill	2,058,031	2,058,031
TOTAL ASSETS	11,194,162	10,729,761
Canada [Member]
Segment Reporting Information [Line Items]
Cash and cash equivalents	3,383,000	2,993,000
Value-added tax receivable, net
Other receivables	9,000	11,000
Prepaid expenses and deposits	79,000	226,000
Office and mining equipment, net
Property concessions
Goodwill
TOTAL ASSETS	3,471,000	3,230,000
Mexico [Member]
Segment Reporting Information [Line Items]
Cash and cash equivalents	104,000	33,000
Value-added tax receivable, net	231,000	175,000
Other receivables	1,000	1,000
Prepaid expenses and deposits	110,000	11,000
Office and mining equipment, net	187,000	202,000
Property concessions	5,032,000	5,020,000
Goodwill	2,058,000	2,058,000
TOTAL ASSETS	$ 7,723,000	$ 75,000,000