Silver Bull Resources (SVBL) 10-Q 13 Sep 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Jul. 31, 2019	Sep. 13, 2019
Document And Entity Information [Abstract]
Entity Registrant Name	SILVER BULL RESOURCES, INC.
Entity Central Index Key	0001031093
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jul. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
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
Entity Incorporation State Country Name	NV
Entity File Number	001-33125

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Jul. 31, 2019	Oct. 31, 2018
CURRENT ASSETS
Cash and cash equivalents	$ 2,435,028	$ 3,025,839
Value-added tax receivable, net of allowance for uncollectible taxes of $171,413 and $98,414 respectively (Note 6)	324,873	175,020
Income tax receivables	788	160
Other receivables	13,619	12,045
Prepaid expenses and deposits	143,260	237,253
Total Current Assets	2,917,568	3,450,317
Office and mining equipment, net (Note 7)	235,752	201,486
Property concessions (Note 8)	5,031,747	5,019,927
Goodwill (Note 9)	2,058,031	2,058,031
TOTAL ASSETS	10,243,098	10,729,761
CURRENT LIABILITIES
Accounts payable	275,635	253,327
Accrued liabilities and expenses	280,678	439,450
Income tax payable	1,500	4,700
Stock option liability (Note 11)	11,607	25,116
Warrant derivative liability (Note 12)	21,045	405,500
Total Current Liabilities	590,465	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	135,873,320	133,015,768
Accumulated deficit	(128,676,217)	(125,855,030)
Other comprehensive income	92,248	92,248
Total Stockholders' Equity	9,652,633	9,601,668
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 10,243,098	$ 10,729,761

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Jul. 31, 2019	Oct. 31, 2018
Statement of Financial Position [Abstract]
Allowance for uncollectible taxes, current	$ 171,413	$ 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) INCOME (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2019	Jul. 31, 2018	Jul. 31, 2019	Jul. 31, 2018
Income Statement [Abstract]
REVENUES
EXPLORATION AND PROPERTY HOLDING COSTS
Exploration and property holding costs	1,077,444	204,474	1,891,604	481,114
Depreciation	8,361	6,621	22,959	20,501
TOTAL EXPLORATION AND PROPERTY HOLDING COSTS	1,085,805	211,095	1,914,563	501,615
GENERAL AND ADMINISTRATIVE EXPENSES
Personnel	165,054	112,814	504,421	358,156
Office and administrative	99,892	206,744	380,780	444,833
Professional services	57,636	34,346	193,914	174,545
Directors' fees	51,066	33,941	158,831	114,395
Provision for uncollectible value-added taxes (Note 6)	45,543	4,222	66,498	29,424
TOTAL GENERAL AND ADMINISTRATIVE EXPENSES	419,191	392,067	1,304,444	1,121,353
LOSS FROM OPERATIONS	(1,504,996)	(603,162)	(3,219,007)	(1,622,968)
OTHER (EXPENSES) INCOME
Interest income	15,002	1,299	21,386	2,068
Interest and finance costs		(690)		(2,329)
Foreign currency transaction loss	(12,324)	(3,166)	(4,420)	(567)
Change in fair value of stock option liability (Note 11)	(5,265)	16,422	13,509	10,630
Change in fair value of warrant derivative liability (Note 12)	2,106	664,923	372,329	(640,196)
Miscellaneous income				225
TOTAL OTHER (EXPENSES) INCOME	(481)	678,788	402,804	(630,169)
(LOSS) INCOME BEFORE INCOME TAXES	(1,505,477)	75,626	(2,816,203)	(2,253,137)
INCOME TAX EXPENSE		1,000	4,984	2,562
NET AND COMPREHENSIVE (LOSS) INCOME PER COMMON SHARE	$ (1,505,477)	$ 74,626	$ (2,821,187)	$ (2,255,699)
BASIC AND DILUTED NET LOSS PER COMMON SHARE	$ (0.01)		$ (0.01)	$ (0.01)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES
Basic	236,328,214	206,990,463	235,737,405	202,981,818
Diluted	236,328,214	211,706,716	235,737,405	202,981,818

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Common Stock Subscription [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: - for cash at a price of $0.13 per unit with attached warrants less offering costs of $302,167 (Note10)	$ 217,763	2,310,991				2,528,754
Issuance of common stock as follows: - for cash at a price of $0.13 per unit with attached warrants less offering costs of $302,167 (Note 10)	21,776,317
Issuance of common stock as follows: - exercise of warrants at a price of $CDN 0.13 per share less costs of $45 and $795, 210 (Note 10)	$ 55,650	508,689				564,339
Issuance of common stock as follows: - exercise of warrants at a price of $CDN 0.13 per share less costs of $45 and $795, 210 (Note 10)	5,565,000
Issuance of common stock as follows: - exercise of agent warrants at a price of $CDN 0.10 per share less costs of $168 and $333 (Note10)	$ 9,014	60,556				69,570
Issuance of common stock as follows: - exercise of agent warrants at a price of $CDN 0.10 per share less costs of $168 and $333 (Note 10)	901,375
Issuance of common stock as follows: - Common stock subscription (Note 10)			20,222			20,222
Issuance of common stock as follows: - Earn-in option agreement (Note 4)		922,783				922,783
Reclassification to additional paid-in capital upon exercise of warrants at price of $CDN 0.13 (Note 12)		385,738				385,738
Reclassification to additional paid-up capital upon exercise of warrants at price of $CDN 0.10 (Note 12)		61,447				61,447
Stock option and warrants activity as follows:
Stock-based compensation for options issued to officers, employees and consultants		58,083				58,083
Fair value of warrants issued to agents in connection with the $0.13 per share private placement (Notes 10 and 12)		21,973				21,973
Net loss				(2,255,699)		(2,255,699)
Balance at Jul. 31, 2018	$ 2,275,026	132,009,924	20,222	(124,591,063)	92,248	9,806,357
Balance, shares at Jul. 31, 2018	227,502,659
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
Issuance of common stock as follows: - for cash at a price of $0.13 per unit with attached warrants less offering costs of $302,167 (Note10)	$ 217,763	2,310,991				2,528,754
Issuance of common stock as follows: - for cash at a price of $0.13 per unit with attached warrants less offering costs of $302,167 (Note 10)	21,776,317
Issuance of common stock as follows: - exercise of warrants at a price of $CDN 0.13 per share less costs of $45 and $795, 210 (Note 10)	$ 1,250	11,337				12,587
Issuance of common stock as follows: - exercise of warrants at a price of $CDN 0.13 per share less costs of $45 and $795, 210 (Note 10)	125,000
Issuance of common stock as follows: - exercise of agent warrants at a price of $CDN 0.10 per share less costs of $168 and $333 (Note10)	$ 8,620	57,970				66,590
Issuance of common stock as follows: - exercise of agent warrants at a price of $CDN 0.10 per share less costs of $168 and $333 (Note 10)	862,000
Issuance of common stock as follows: - Common stock subscription (Note 10)			20,222			20,222
Issuance of common stock as follows: - Earn-in option agreement (Note 4)		922,783				922,783
Reclassification to additional paid-in capital upon exercise of warrants at price of $CDN 0.13 (Note 12)		5,830				5,830
Reclassification to additional paid-up capital upon exercise of warrants at price of $CDN 0.10 (Note 12)		57,832				57,832
Stock option and warrants activity as follows:
Stock-based compensation for options issued to officers, employees and consultants		6,449				6,449
Fair value of warrants issued to agents in connection with the $0.13 per share private placement (Notes 10 and 12)		21,973				21,973
Net loss				74,626		74,626
Balance at Jul. 31, 2018	$ 2,275,026	132,009,924	$ 20,222	(124,591,063)	92,248	9,806,357
Balance, shares at Jul. 31, 2018	227,502,659
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 $45 and $795, 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 $45 and $795, 210 (Note 10)	1,460,000
Issuance of common stock as follows: - Earn-in option agreement (Note 4)		2,540,810				2,540,810
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 officers, employees and consultants		176,340				176,340
Net loss				(2,821,187)		(2,821,187)
Balance at Jul. 31, 2019	$ 2,363,282	135,873,320		(128,676,217)	92,248	$ 9,652,633
Balance, shares at Jul. 31, 2019	236,328,214					236,328,214
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
Issuance of common stock as follows: - Earn-in option agreement (Note 4)		319,430				319,430
Stock option and warrants activity as follows:
Stock-based compensation for options issued to officers, employees and consultants		54,209				54,209
Net loss				(1,505,477)		(1,505,477)
Balance at Jul. 31, 2019	$ 2,363,282	$ 135,873,320		$ (128,676,217)	$ 92,248	$ 9,652,633
Balance, shares at Jul. 31, 2019	236,328,214					236,328,214

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) (Parenthetical)	3 Months Ended	9 Months Ended
	Jul. 31, 2018USD ($)	Jul. 31, 2019USD ($)	Jul. 31, 2018USD ($)	Jul. 31, 2019$ / shares	Jul. 31, 2018$ / shares
Warrant issuance cost | $		$ 210	$ 1,128
Warrant [Member] | $CDN 0.13 Unit [Member]
Warrant issuance cost | $	$ 45	$ 210	795
Offering costs incurred | $	302,167
Warrant [Member] | $CDN 0.13 Unit [Member] | CDN [Member]
Equity issuance, price per share | $ / shares				$ 0.13	$ 0.13
Warrant [Member] | $CDN 0.10 Unit [Member]
Warrant issuance cost | $	$ 168		$ 333
Warrant [Member] | $CDN 0.10 Unit [Member] | CDN [Member]
Equity issuance, price per share | $ / shares					0.10
Warrant One [Member] | $CDN 0.13 Unit [Member] | CDN [Member]
Equity issuance, price per share | $ / shares				$ 0.13	0.13
Warrant One [Member] | $CDN 0.10 Unit [Member] | CDN [Member]
Equity issuance, price per share | $ / shares					$ 0.10

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	9 Months Ended
	Jul. 31, 2019	Jul. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (2,821,187)	$ (2,255,699)
Adjustments to reconcile net loss to net cash used by operating activities:
Depreciation	22,959	20,501
Provision for uncollectible value-added taxes	66,498	29,424
Foreign currency transaction loss	5,744	17,652
Change in fair value of warrant derivative liability (Note 12)	(372,329)	640,196
Change in fair value of stock option liability (Note 11)	(13,509)	(10,630)
Stock options issued for compensation (Note 11)	176,340	79,014
Changes in operating assets and liabilities:
Value-added tax receivable	(204,828)	(42,173)
Income taxes receivables	(615)
Other receivables	(1,480)	(11,795)
Prepaid expenses and deposits	92,806	(329,140)
Accounts payable	21,214	352,414
Accrued liabilities and expenses	(172,178)	(52,293)
Income tax payable	(3,200)	(1,780)
Net cash used in operating activities	(3,203,765)	(1,564,309)
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of mining equipment	(57,225)
Acquisition of property concessions	(11,820)	(15,541)
Net cash used in investing activities	(69,045)	(15,541)
CASH FLOWS FROM FINANCING ACTIVITIES:
Property concessions funding (Note 4)	2,540,810	922,783
Common stock subscription (Note 10)		20,222
Proceeds from exercise of warrants, net of costs (Note 10)	142,876	633,908
Proceeds from issuance of common stock and warrants, net of offering costs (Note 10)		2,651,555
Net cash provided by financing activities	2,683,686	4,228,468
Effect of exchange rates on cash and cash equivalents	(1,687)	(1,261)
Net (decrease) increase in cash and cash equivalents	(590,811)	2,647,357
Cash and cash equivalents beginning of period	3,025,839	681,776
Cash and cash equivalents end of period	2,435,028	3,329,133
SUPPLEMENTAL CASH FLOW DISCLOSURES:
Income taxes paid	3,195	4,599
Interest paid		2,329
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Warrants issued for financing fees (Note 10)		21,973
Offering costs included in accounts payable and accrued liabilities		$ 100,827

ORGANIZATION AND DESCRIPTION OF

ORGANIZATION AND DESCRIPTION OF BUSINESS	9 Months Ended
	Jul. 31, 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	9 Months Ended
	Jul. 31, 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 nine months ended July 31, 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	9 Months Ended
	Jul. 31, 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 Nine-Month Period Ended July 31, 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. Additionally, there were no changes in classification of the financial instruments as a result of the adoption. Effective November 1, 2018, the Company adopted the FASB’s 2014-09, “Revenue from Contracts with Customers (Topic 606),” which has subsequently been amended to update revenue guidance under the newly-created ASC 606. The new standard provides a five-step approach to be applied to all contracts with customers and requires expanded disclosures about revenue recognition. 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 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	9 Months Ended
	Jul. 31, 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. 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. As of July 31, 2019, $378,001 of the funds received from South32 remains unspent. 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 July 31, 2019: Assets: Mexico Cash and cash equivalents $ 85,000 Value-added tax receivable, net 325,000 Other receivables 5,000 Income tax receivable 1,000 Prepaid expenses and deposits 106,000 Office and mining equipment, net 236,000 Property concessions 5,032,000 Total assets $ 5,790,000 Liabilities: Accounts payable 165,000 Accrued liabilities and expenses 175,000 Payable to Silver Bull Resources, Inc. to be converted to equity upon exercise of the Option 3,327,000 Total liabilities $ 3,667,000 Net advances and investment in the Company’s Mexican subsidiaries $ 2,123,000 In addition, at July 31, 2019, Silver Bull Resources, Inc. held $331,000 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 July 31, 2019 is $5,450,000, which includes the carrying value of the Mexican subsidiaries’ net assets excluding the payable to Silver Bull Resources, Inc.

NET (LOSS) INCOME PER SHARE

NET (LOSS) INCOME PER SHARE	9 Months Ended
	Jul. 31, 2019
Earnings Per Share [Abstract]
NET (LOSS) INCOME PER SHARE	NOTE 5 – NET (LOSS) INCOME PER SHARE The Company had stock options and warrants outstanding at July 31, 2019 and 2018 that upon exercise were issuable into 36,977,305 and 43,522,453 shares of the Company’s common stock, respectively. Basic net (loss) income per share is computed by dividing net (loss) income available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted net (loss) income per share reflects the potential dilution that would occur if securities or other contracts to issue common shares were exercised.

VALUE-ADDED TAX RECEIVABLE

VALUE-ADDED TAX RECEIVABLE	9 Months Ended
	Jul. 31, 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 $324,873 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 nine months ended July 31, 2019 is as follows: Allowance for uncollectible VAT – October 31, 2018 $ 98,414 Provision for VAT receivable allowance 66,498 Foreign currency translation adjustment 5,896 Write-off of VAT receivable 605 Allowance for uncollectible VAT – July 31, 2019 $ 171,413

OFFICE AND MINING EQUIPMENT

OFFICE AND MINING EQUIPMENT	9 Months Ended
	Jul. 31, 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 July 31, 2019 and October 31, 2018, respectively: July 31, October 31, 2019 2018 Mining equipment $ 396,152 $ 358,513 Vehicles 92,873 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 47,597 836,219 778,994 Less: Accumulated depreciation (600,467 ) (577,508 ) Office and mining equipment, net $ 235,752 $ 201,486

PROPERTY CONCESSIONS

PROPERTY CONCESSIONS	9 Months Ended
	Jul. 31, 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 July 31, 2019 and October 31, 2018: Property concessions –October 31, 2018 $ 5,019,927 Acquisitions 11,820 Property concessions – July 31, 2019 $ 5,031,747

GOODWILL

GOODWILL	9 Months Ended
	Jul. 31, 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. On April 30, 2019, the Company elected to perform a qualitative assessment to determine whether it is more likely than not that the fair value of the reporting unit is less than its carrying amount. Based on this assessment, management determined it is not more likely than not that the fair value of the reporting unit is less than its carrying amount. The Company performs its annual goodwill impairment test as of April 30th of each fiscal year. The following is a summary of the Company’s goodwill balance as at July 31, 2019 and October 31, 2018: Goodwill – July 31, 2019 and October 31, 2018 $ 2,058,031

COMMON STOCK

COMMON STOCK	9 Months Ended
	Jul. 31, 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 nine months ended July 31, 2019. On July 27, 2018, the Company received $20,222 for 155,555 units at a purchase price of $0.13 per unit (the “$0.13 Unit”) for the second tranche of the private placement. On July 25, 2018, the Company completed the initial tranche of a two tranche private placement for 21,776,317 units at a purchase price of $0.13 per unit for gross proceeds of $2,830,921. Each $0.13 Unit consists of one share of the Company’s common stock and one half of one common stock purchase warrant (the “$0.13 Warrant”). Each full $0.13 Warrant entitles the holder thereof to acquire one share of common stock at a price of $0.16 for a period of 24 months from the closing of the private placement. The Company paid a 7% finder’s fee totaling $184,070 to agents with respect to certain purchasers who were introduced by these agents. In addition, the agents received 1,011,374 non-transferable warrants (the “2018 Agent’s Warrants”). Each 2018 Agent’s Warrant entitles the agents to acquire one share of common stock at a price of $0.14 for a period of 24 months from the closing of the private placement. The fair value of the 2018 Agent’s Warrants was determined to be $21,973 (Note 12), and the Company incurred other offering costs of $96,124. On June 6, 2018, 43,750 warrants to acquire 43,750 shares of common stock were exercised at an exercise price of $CDN 0.10 per share of common stock for aggregate gross proceeds of $3,388 ($CDN 4,375). On May 28, 2018, 292,250 warrants to acquire 292,250 shares of common stock were exercised at an exercise price of $CDN 0.10 per share of common stock for aggregate gross proceeds of $22,479 ($CDN 29,225). On May 7, 2018, 125,000 warrants to acquire 125,000 shares of common stock were exercised at an exercise price of $CDN 0.13 per share of common stock for aggregate gross proceeds of $12,632 ($CDN 16,250). On May 7, 2018, 526,000 warrants to acquire 526,000 shares of common stock were exercised at an exercise price of $CDN 0.10 per share of common stock for aggregate gross proceeds of $40,889 ($CDN 52,600). 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 $1,128 related to warrant exercises in the nine months ended July 31, 2018.

STOCK OPTIONS

STOCK OPTIONS	9 Months Ended
	Jul. 31, 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. On July 12, 2019, the Company registered 23,632,821 of the Company’s common stock with the SEC for issuance under the 2019 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 five years. A summary of the range of assumptions used to value stock options granted for the nine months ended July 31, 2019 and 2018 are as follows: Nine Months Ended July 31, Options 2019 2018 Expected volatility — 40% Risk-free interest rate — 1.94% Dividend yield — — Expected term (in years) — 5.00 No options were granted or exercised during the nine months ended July 31, 2019. During the nine months ended July 31, 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 nine months ended July 31, 2018. The following is a summary of stock option activity for the nine months ended July 31, 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 July 31, 2019 18,675,000 $ 0.11 2.71 $ 305,370 Exercisable at July 31, 2019 13,641,667 $ 0.12 2.18 $ 267,088 The Company recognized stock-based compensation costs for stock options of $176,340 and $79,014 for the nine months ended July 31, 2019 and 2018, respectively. As of July 31, 2019, there was $93,790 of total unrecognized compensation expense, which is expected to be recognized over a weighted average period of 0.52 years. Summarized information about stock options outstanding and exercisable at July 31, 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 1.57 $ 0.06 4,075,000 $ 0.06 0.10 11,625,000 3.63 0.10 6,591,667 0.10 0.16 350,000 3.56 0.16 350,000 0.16 0.19 – 0.26 2,625,000 0.31 0.26 2,625,000 0.26 $ 0.06 – 0.26 18,675,000 2.71 $ 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 July 31, 2019 and October 31, 2018: Stock option liability at October 31, 2018: $ 25,116 Change in fair value of stock option liability (13,509 ) Stock option liability at July 31, 2019 $ 11,607

WARRANTS

WARRANTS	9 Months Ended
	Jul. 31, 2019
Warrants and Rights Note Disclosure [Abstract]
WARRANTS	NOTE 12 – WARRANTS A summary of warrant activity for the nine months ended July 31, 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, 2018 36,300,230 $ 0.13 1.16 $ 254,068 Exercised (1,460,000 ) $ 0.10 Expired (16,537,925 ) $ 0.10 Outstanding and exercisable at July 31, 2019 18,302,305 $ 0.15 0.87 $ 19,014 No warrants were issued during the nine months ended July 31, 2019. During the nine months ended July 31, 2018, the Company issued 10,888,154 warrants with an exercise price of $0.16 in connection with the $0.13 Unit private placement and issued 1,011,374 compensation warrants to agents with an exercise price of $0.14 (Note 10). The fair value of the 2018 Agent’s Warrants was determined to be $21,973 based on the Black-Scholes pricing model using a risk-free interest rate of 2.9%, expected volatility of 39%, dividend yield of 0%, and a contractual term of two years. Warrants exercised during the nine months ended July 31, 2019 and 2018 are discussed in Note 10. The warrants exercised during the nine months ended July 31, 2019 and 2018 had an intrinsic value of $12,126 and $447,185, respectively. Summarized information about warrants outstanding and exercisable at July 31, 2019 is as follows: Warrants Outstanding and Exercisable Exercise Price Number Outstanding Weighted Average Remaining Contractual Life (Years) Weighted Average Exercise Price $ 0.10 2,500,000 0.01 0.10 0.14 1,231,374 1.00 0.14 0.16 14,570,931 1.00 0.16 $ 0.10 – 0.16 18,302,305 0.87 $ 0.15 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 July 31, 2019 and October 31, 2018: Warrant derivative liability at October 31, 2018: $ 405,500 Change in fair value of warrant derivative liability (372,329 ) Reclassification to additional paid-in capital upon exercise of warrants (12,126 ) Warrant derivative liability at July 31, 2019 $ 21,045

FINANCIAL INSTRUMENTS

FINANCIAL INSTRUMENTS	9 Months Ended
	Jul. 31, 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 July 31, 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: July 31, 2019 Liability Level 1 Level 2 Level 3 Stock option liability $ — $ — $ 11,607 Warrant derivative liability $ — $ — $ 21,045 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 July 31, 2019, and October 31, 2018, the Company’s cash and cash equivalent balances held in Canadian financial institutions included $2,273,926 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 July 31, 2019, and October 31, 2018, the U.S. dollar equivalent balance for these accounts was $85,046 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 nine months ended July 31, 2019, a 1% decrease in interest rates would have resulted in a reduction of approximately $10,693 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	9 Months Ended
	Jul. 31, 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. On July 31, 2019, the Federal Appeal Court held the original ruling. This ruling has been subsequently challenged by Mineros Norteños. The Company and the Company’s Mexican legal counsel believe that it is unlikely that the court’s ruling will be overturned. 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	9 Months Ended
	Jul. 31, 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 as follows: For the Three Months Ended For the Nine Months Ended July 31, July 31, 2019 2018 2019 2018 Mexico (1,138,000 ) $ (218,000 ) $ (1,984,000 ) $ (536,000 ) Canada (367,000 ) 293,000 (837,000 ) (1,720,000 ) Net (Loss) Income (1,505,000 ) $ 75,000 $ (2,821,000 ) $ (2,256,000 ) The following table details the allocation of assets included in the accompanying balance sheet at July 31, 2019: Canada Mexico Total Cash and cash equivalents $ 2,350,000 $ 85,000 $ 2,435,000 Value-added tax receivable, net — 325,000 325,000 Other receivables 9,000 5,000 14,000 Prepaid expenses and deposits 37,000 106,000 143,000 Office and mining equipment, net — 236,000 236,000 Property concessions — 5,032,000 5,032,000 Goodwill — 2,058,000 2,058,000 $ 2,396,000 $ 7,847,000 $ 10,243,000 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)	9 Months Ended
	Jul. 31, 2019
Accounting Policies [Abstract]
Recent Accounting Pronouncements Adopted in the Nine-Month Period Ended July 31, 2019	Recent Accounting Pronouncements Adopted in the Nine-Month Period Ended July 31, 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. Additionally, there were no changes in classification of the financial instruments as a result of the adoption. Effective November 1, 2018, the Company adopted the FASB’s 2014-09, “Revenue from Contracts with Customers (Topic 606),” which has subsequently been amended to update revenue guidance under the newly-created ASC 606. The new standard provides a five-step approach to be applied to all contracts with customers and requires expanded disclosures about revenue recognition. 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 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)	9 Months Ended
	Jul. 31, 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 July 31, 2019: Assets: Mexico Cash and cash equivalents $ 85,000 Value-added tax receivable, net 325,000 Other receivables 5,000 Income tax receivable 1,000 Prepaid expenses and deposits 106,000 Office and mining equipment, net 236,000 Property concessions 5,032,000 Total assets $ 5,790,000 Liabilities: Accounts payable 165,000 Accrued liabilities and expenses 175,000 Payable to Silver Bull Resources, Inc. to be converted to equity upon exercise of the Option 3,327,000 Total liabilities $ 3,667,000 Net advances and investment in the Company’s Mexican subsidiaries $ 2,123,000

VALUE-ADDED TAX RECEIVABLE (Tab

VALUE-ADDED TAX RECEIVABLE (Tables)	9 Months Ended
	Jul. 31, 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 nine months ended July 31, 2019 is as follows: Allowance for uncollectible VAT – October 31, 2018 $ 98,414 Provision for VAT receivable allowance 66,498 Foreign currency translation adjustment 5,896 Write-off of VAT receivable 605 Allowance for uncollectible VAT – July 31, 2019 $ 171,413

OFFICE AND MINING EQUIPMENT (Ta

OFFICE AND MINING EQUIPMENT (Tables)	9 Months Ended
	Jul. 31, 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 July 31, 2019 and October 31, 2018, respectively: July 31, October 31, 2019 2018 Mining equipment $ 396,152 $ 358,513 Vehicles 92,873 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 47,597 836,219 778,994 Less: Accumulated depreciation (600,467 ) (577,508 ) Office and mining equipment, net $ 235,752 $ 201,486

PROPERTY CONCESSIONS (Tables)

PROPERTY CONCESSIONS (Tables)	9 Months Ended
	Jul. 31, 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 July 31, 2019 and October 31, 2018: Property concessions –October 31, 2018 $ 5,019,927 Acquisitions 11,820 Property concessions – July 31, 2019 $ 5,031,747

GOODWILL (Tables)

GOODWILL (Tables)	9 Months Ended
	Jul. 31, 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 July 31, 2019 and October 31, 2018: Goodwill – July 31, 2019 and October 31, 2018 $ 2,058,031

STOCK OPTIONS (Tables)

STOCK OPTIONS (Tables)	9 Months Ended
	Jul. 31, 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 nine months ended July 31, 2019 and 2018 are as follows: Nine Months Ended July 31, Options 2019 2018 Expected volatility — 40% Risk-free interest rate — 1.94% Dividend yield — — Expected term (in years) — 5.00
Schedule of Stock Option Activity	The following is a summary of stock option activity for the nine months ended July 31, 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 July 31, 2019 18,675,000 $ 0.11 2.71 $ 305,370 Exercisable at July 31, 2019 13,641,667 $ 0.12 2.18 $ 267,088
Schedule of Stock Options Outstanding and Exercisable by Exercise Price Range	Summarized information about stock options outstanding and exercisable at July 31, 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 1.57 $ 0.06 4,075,000 $ 0.06 0.10 11,625,000 3.63 0.10 6,591,667 0.10 0.16 350,000 3.56 0.16 350,000 0.16 0.19 – 0.26 2,625,000 0.31 0.26 2,625,000 0.26 $ 0.06 – 0.26 18,675,000 2.71 $ 0.11 13,641,667 $ 0.12
Summary of Stock Option Liability	The following is a summary of the Company’s stock option liability at July 31, 2019 and October 31, 2018: Stock option liability at October 31, 2018: $ 25,116 Change in fair value of stock option liability (13,509 ) Stock option liability at July 31, 2019 $ 11,607

WARRANTS (Tables)

WARRANTS (Tables)	9 Months Ended
	Jul. 31, 2019
Warrants and Rights Note Disclosure [Abstract]
Summary of Warrants Activity	A summary of warrant activity for the nine months ended July 31, 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, 2018 36,300,230 $ 0.13 1.16 $ 254,068 Exercised (1,460,000 ) $ 0.10 Expired (16,537,925 ) $ 0.10 Outstanding and exercisable at July 31, 2019 18,302,305 $ 0.15 0.87 $ 19,014
Summary of Warrants Outstanding and Exercisable by Price Range	Summarized information about warrants outstanding and exercisable at July 31, 2019 is as follows: Warrants Outstanding and Exercisable Exercise Price Number Outstanding Weighted Average Remaining Contractual Life (Years) Weighted Average Exercise Price $ 0.10 2,500,000 0.01 0.10 0.14 1,231,374 1.00 0.14 0.16 14,570,931 1.00 0.16 $ 0.10 – 0.16 18,302,305 0.87 $ 0.15
Summary of warrant derivative liability	The following is a summary of the Company’s warrant derivative liability at July 31, 2019 and October 31, 2018: Warrant derivative liability at October 31, 2018: $ 405,500 Change in fair value of warrant derivative liability (372,329 ) Reclassification to additional paid-in capital upon exercise of warrants (12,126 ) Warrant derivative liability at July 31, 2019 $ 21,045

FINANCIAL INSTRUMENTS (Tables)

FINANCIAL INSTRUMENTS (Tables)	9 Months Ended
	Jul. 31, 2019
Financial Instruments
Summary of derivative liability under fair value	The Company has the following liabilities under the fair value hierarchy: July 31, 2019 Liability Level 1 Level 2 Level 3 Stock option liability $ — $ — $ 11,607 Warrant derivative liability $ — $ — $ 21,045

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	9 Months Ended
	Jul. 31, 2019
Segment Reporting [Abstract]
Schedule of Net Income (Loss) by Segment	Geographic information is approximately as follows: For the Three Months Ended For the Nine Months Ended July 31, July 31, 2019 2018 2019 2018 Mexico (1,138,000 ) $ (218,000 ) $ (1,984,000 ) $ (536,000 ) Canada (367,000 ) 293,000 (837,000 ) (1,720,000 ) Net (Loss) Income (1,505,000 ) $ 75,000 $ (2,821,000 ) $ (2,256,000 )
Schedule of the Allocation of Assets by Segment	The following table details the allocation of assets included in the accompanying balance sheet at July 31, 2019: Canada Mexico Total Cash and cash equivalents $ 2,350,000 $ 85,000 $ 2,435,000 Value-added tax receivable, net — 325,000 325,000 Other receivables 9,000 5,000 14,000 Prepaid expenses and deposits 37,000 106,000 143,000 Office and mining equipment, net — 236,000 236,000 Property concessions — 5,032,000 5,032,000 Goodwill — 2,058,000 2,058,000 $ 2,396,000 $ 7,847,000 $ 10,243,000 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

EARN-IN OPTION AGREEMENT (Narra

EARN-IN OPTION AGREEMENT (Narrative) (Details) - USD ($)	Jun. 01, 2018	May 31, 2019	Apr. 30, 2019	Jun. 30, 2018	Jul. 31, 2019	Jul. 31, 2018
Property concessions funding					$ 2,540,810	$ 922,783
South32 Limited [Member]
Option period	4 years
Percentage of owned	100.00%
Property concessions funding				$ 3,144,163
Payment received		$ 319,430	$ 6,000,000		378,001
Cash to be contributed to the capital of the Mexican subsidiaries as required for exploration					331,000
Mexican subsidiaries maximum loss exposure					$ 5,450,000
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 ($)	Jul. 31, 2019	Apr. 30, 2019	Oct. 31, 2018	Jul. 31, 2018	Apr. 30, 2018	Oct. 31, 2017
Assets:
Cash and cash equivalents	$ 2,435,028		$ 3,025,839	$ 3,329,133		$ 681,776
Value-added tax receivable, net	324,873		175,020
Other receivables	13,619		12,045
Income tax receivable	788		160
Prepaid expenses and deposits	143,260		237,253
Office and mining equipment, net	235,752		201,486
Property concessions	5,031,747		5,019,927
TOTAL ASSETS	10,243,098		10,729,761
Liabilities:
Accounts payable	275,635		253,327
Accrued liabilities and expenses	280,678		439,450
Net advances and investment in the Company's Mexican subsidiaries	(9,652,633)	$ (10,784,471)	$ (9,601,668)	$ (9,806,357)	$ (6,088,711)	$ (7,429,147)
Minera Metalin and Contratistas [Member]
Assets:
Cash and cash equivalents	85,000
Value-added tax receivable, net	325,000
Other receivables	5,000
Income tax receivable	1,000
Prepaid expenses and deposits	106,000
Office and mining equipment, net	236,000
Property concessions	5,032,000
TOTAL ASSETS	5,790,000
Liabilities:
Accounts payable	165,000
Accrued liabilities and expenses	175,000
Payable to Silver Bull Resources, Inc. to be converted to equity upon exercise of the Option	3,327,000
Total liabilities	3,667,000
Net advances and investment in the Company's Mexican subsidiaries	$ 2,123,000

NET (LOSS) INCOME PER SHARE (De

NET (LOSS) INCOME PER SHARE (Details) - shares	9 Months Ended
	Jul. 31, 2019	Jul. 31, 2018
Earnings Per Share [Abstract]
Anti-dilutive shares, stock options and warrants	36,977,305	43,522,453

VALUE-ADDED TAX RECEIVABLE (Nar

VALUE-ADDED TAX RECEIVABLE (Narrative) (Details) - USD ($)	Jul. 31, 2019	Oct. 31, 2018
VALUE-ADDED TAX RECEIVABLE [Abstract]
Value-added tax receivable, current	$ 324,873	$ 175,020

VALUE-ADDED TAX RECEIVABLE (Sum

VALUE-ADDED TAX RECEIVABLE (Summary of the Changes in the Allowance for Uncollectible Taxes) (Details)	9 Months Ended
	Jul. 31, 2019USD ($)
VALUE-ADDED TAX RECEIVABLE [Abstract]
Allowance for uncollectible VAT - October 31, 2018	$ 98,414
Provision for VAT receivable allowance	66,498
Foreign currency translation adjustment	5,896
Write-off of VAT receivable	605
Allowance for uncollectible VAT - July 31, 2019	$ 171,413

OFFICE AND MINING EQUIPMENT (De

OFFICE AND MINING EQUIPMENT (Details) - USD ($)	Jul. 31, 2019	Oct. 31, 2018
Property, Plant and Equipment [Line Items]
Office and mining equipment, gross	$ 836,219	$ 778,994
Less: Accumulated depreciation	(600,467)	(577,508)
Office and mining equipment, net	235,752	201,486
Mining equipment [Member]
Property, Plant and Equipment [Line Items]
Office and mining equipment, gross	396,152	358,513
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Office and mining equipment, gross	92,873	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)	9 Months Ended
	Jul. 31, 2019USD ($)
PROPERTY CONCESSIONS [Abstract]
Property concessions - October 31, 2018	$ 5,019,927
Acquisitions	11,820
Property concessions - July 31, 2019	$ 5,031,747

GOODWILL (Summary of the Goodwi

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

COMMON STOCK (Details)

COMMON STOCK (Details) - USD ($)	Mar. 06, 2019	Jul. 27, 2018	Jul. 25, 2018	Jun. 06, 2018	May 07, 2018	Apr. 04, 2018	Mar. 15, 2018	Mar. 14, 2018	Mar. 08, 2018	Jan. 15, 2018	Jan. 08, 2018	Feb. 21, 2019	Jan. 30, 2019	May 28, 2018	Mar. 29, 2018	Mar. 28, 2018	Feb. 20, 2018	Feb. 16, 2018	Feb. 13, 2018	Jan. 29, 2018	Jan. 22, 2018	Jul. 31, 2019	Jul. 31, 2018
Class of Stock [Line Items]
Proceeds from issuance of common stock																							$ 20,222
Warrant issuance cost																						210	1,128
Proceeds from issuance of units																							$ 2,651,555
Placement Agent's Warrants [Member]
Class of Stock [Line Items]
Equity issuance, price per share			$ 0.14																				$ 0.14
Description of units			Each 2018 Agent’s Warrant entitles the agents to acquire one share of common stock at a price of $0.14 for a period of 24 months from the closing of the private placement
Offering costs incurred			$ 96,124
Number of warrants issued			1,011,374																				1,011,374
Fair value of warrants issued			$ 21,973																				$ 21,973
$CDN 0.13 Unit [Member]
Class of Stock [Line Items]
Stock issued during period, shares	460,000				125,000	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
Proceeds from issuance of common stock	$ 44,560				$ 12,632	$ 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	460,000				125,000	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	$ 0.13		$ 0.13		$ 0.13	$ 0.13	$ 0.13	$ 0.13	$ 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				$ 16,250	$ 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
$0.13 Unit [Member]
Class of Stock [Line Items]
Equity issuance, price per share		$ 0.13
Units issued during period		155,555	21,776,317
Proceeds from issuance of units		$ 20,222	$ 2,830,921
Description of units			Each full $0.13 Warrant entitles the holder thereof to acquire one share of common stock at a price of $0.16 for a period of 24 months from the closing of the private placement
Finders fee percentage rate paid to agents			7.00%
Aggregate finders fee costs incurred			$ 184,070
$CDN 0.10 Unit [Member]
Class of Stock [Line Items]
Stock issued during period, shares				43,750	526,000									292,250		8,750	8,750			21,875
Proceeds from issuance of common stock				$ 3,388	$ 40,889									$ 22,479		$ 678	$ 693			$ 1,773
Warrant Acquired				43,750	526,000									292,250		8,750	8,750			21,875
$CDN 0.10 Unit [Member] | CDN [Member]
Class of Stock [Line Items]
Equity issuance, price per share				$ 0.10	$ 0.10									$ 0.10		$ 0.10	$ 0.10			$ 0.10
Proceeds from issuance of common stock				$ 4,375	$ 52,600									$ 29,225		$ 875	$ 875			$ 2,188

STOCK OPTIONS (Narrative) (Deta

STOCK OPTIONS (Narrative) (Details)	9 Months Ended
	Jul. 31, 2019USD ($)shares	Jul. 31, 2018USD ($)$ / sharesshares	Jul. 31, 2018$ / shares	Jul. 12, 2019shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation costs recognized during the period | $	$ 176,340	$ 79,014
Total unrecognized compensation costs related to non-vested share based compensation arrangements granted under qualified stock option plans | $	$ 93,790
Weighted-average period for remaining compensation costs to be recognized	6 months 7 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			23,632,821
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)	9 Months Ended
	Jul. 31, 2019	Jul. 31, 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 ($)	9 Months Ended	12 Months Ended
	Jul. 31, 2019	Oct. 31, 2018
Shares
Outstanding at October 31, 2018	18,950,000
Cancelled and expired	(275,000)
Outstanding at July 31, 2019	18,675,000	18,950,000
Exercisable at July 31, 2019	13,641,667
Weighted Average Exercise Price
Outstanding at October 31, 2018	$ 0.11
Cancelled and expired	0.10
Outstanding at July 31, 2019	0.11	$ 0.11
Exercisable at July 31, 2019	$ 0.12
Weighted Average Remaining Contractual Life (Years), Outstanding	2 years 8 months 16 days	3 years 5 months 23 days
Weighted Average Remaining Contractual Life (Years), Exercisable	2 years 2 months 5 days
Aggregate intrinsic value, Outstanding	$ 305,370	$ 429,158
Aggregate intrinsic value, Exercisable at July 31, 2019	$ 267,088

STOCK OPTIONS (Summarized Infor

STOCK OPTIONS (Summarized Information of Stock Options Outstanding and Exercisable) (Details)	9 Months Ended
	Jul. 31, 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 6 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 7 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 6 months 21 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)	3 months 22 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 8 months 16 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		9 Months Ended
	Jul. 31, 2019	Jul. 31, 2018	Jul. 31, 2019	Jul. 31, 2018
Share-based Payment Arrangement [Abstract]
Stock option liability at October 31, 2018			$ 25,116
Change in fair value of stock option liability	$ 5,265	$ (16,422)	(13,509)	$ (10,630)
Stock option liability at July 31, 2019	$ 11,607		$ 11,607

WARRANTS (Narrative) (Details)

WARRANTS (Narrative) (Details) - USD ($)	Jul. 25, 2018	Jul. 31, 2019	Jul. 31, 2018
Class of Warrant or Right [Line Items]
Risk-free interest rate			1.94%
Expected volatility			40.00%
Dividend yield
Contractual term			5 years
Placement Agent's Warrants [Member]
Class of Warrant or Right [Line Items]
Equity issuance, price per share	$ 0.14		$ 0.14
Fair value of warrants issued	$ 21,973		$ 21,973
Risk-free interest rate			2.90%
Expected volatility			39.00%
Dividend yield			0.00%
Contractual term			2 years
Number of warrants issued	1,011,374		1,011,374
Placement Agent's Warrants [Member] | 0.13 Unit Private Placement [Member]
Class of Warrant or Right [Line Items]
Number of warrants issued			10,888,154
Exercise price of warrant			$ 0.16
Warrant [Member]
Class of Warrant or Right [Line Items]
Warrant Intrinsic value of Exercise		$ 12,126	$ 447,185

WARRANTS (Summary of Warrant Ac

WARRANTS (Summary of Warrant Activity) (Details) - USD ($)	9 Months Ended	12 Months Ended
	Jul. 31, 2019	Oct. 31, 2018
Weighted Average Exercise Price
Weighted Average Remaining Contractual Life (Years)	2 years 8 months 16 days	3 years 5 months 23 days
Weighted Average Remaining Contractual Life (Years), Outstanding and Exercisable	2 years 2 months 5 days
Warrant [Member]
Shares
Outstanding and exercisable at October 31, 2018	36,300,230
Exercised	(1,460,000)
Expired	(16,537,925)
Outstanding and exercisable at July 31, 2019	18,302,305	36,300,230
Weighted Average Exercise Price
Outstanding and exercisable at October 31, 2018	$ 0.13
Exercised, weighted average exercise price	0.10
Expired, weighted average exercise price	0.10
Outstanding and exercisable at July 31, 2019	$ 0.15	$ 0.13
Weighted Average Remaining Contractual Life (Years), Outstanding and Exercisable	10 months 14 days	1 year 1 month 27 days
Aggregate intrinsic value	$ 19,014	$ 254,068

WARRANTS (Summary of Warrants O

WARRANTS (Summary of Warrants Outstanding and Exercisable by Price Range) (Details)	9 Months Ended
	Jul. 31, 2019$ / sharesshares
Class of Warrant or Right [Line Items]
Range of exercise price, lower limit	$ 0.10
Range of exercise price, upper limit	$ 0.16
Warrants and Exercisable outstanding | shares	18,302,305
Weighted Remaining Average Contractual Life (Years)	10 months 14 days
Weighted average exercise price, outstanding	$ 0.15
Warrant Exercise Price Range One [Member]
Class of Warrant or Right [Line Items]
Exercise price	$ 0.10
Warrants and Exercisable outstanding | shares	2,500,000
Weighted Remaining Average Contractual Life (Years)	4 days
Weighted average exercise price, outstanding	$ 0.10
Warrant Exercise Price Range Two [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
Weighted average exercise price, outstanding	$ 0.14
Warrant Exercise Price Range Three [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
Weighted average exercise price, outstanding	$ 0.16

WARRANTS (Summary of Warrants D

WARRANTS (Summary of Warrants Derivative Liability) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2019	Jul. 31, 2018	Jul. 31, 2019	Jul. 31, 2018
Warrants and Rights Note Disclosure [Abstract]
Warrant derivative liability at October 31, 2018:			$ 405,500
Change in fair value of warrant derivative liability	$ (2,106)	$ (664,923)	(372,329)	$ 640,196
Reclassification to additional paid-in capital upon exercise of warrants			(12,126)
Warrant derivative liability at July 31, 2019	$ 21,045		$ 21,045

FINANCIAL INSTRUMENTS (Narrativ

FINANCIAL INSTRUMENTS (Narrative) (Details)	9 Months Ended
	Jul. 31, 2019USD ($)	Jul. 31, 2019CAD ($)	Oct. 31, 2018USD ($)
Cash balance insured by CDIC per financial institution		$ 100,000
Value of total cash accounts held in Mexico and Gabon	$ 85,046		$ 32,668
Effect of a 1% decrease in interest rates on interest income	10,693
CDN [Member]
Cash balances not insured	$ 2,273,926		$ 2,919,461

FINANCIAL INSTRUMENTS (Schedule

FINANCIAL INSTRUMENTS (Schedule of Fair Value of Derivative Liability) (Details)	Jul. 31, 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	11,607
Warrant derivative liability	$ 21,045

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Royalty) (Details) - Sierra Mojada Property Concession [Member]	Jul. 31, 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)	9 Months Ended
	Jul. 31, 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		9 Months Ended
	Jul. 31, 2019	Jul. 31, 2018	Jul. 31, 2019	Jul. 31, 2018
Segment Reporting Information [Line Items]
Net (Loss) Income	$ (1,505,477)	$ 74,626	$ (2,821,187)	$ (2,255,699)
Mexico [Member]
Segment Reporting Information [Line Items]
Net (Loss) Income	(1,138,000)	(218,000)	(1,984,000)	(536,000)
Canada [Member]
Segment Reporting Information [Line Items]
Net (Loss) Income	$ (367,000)	$ 293,000	$ (837,000)	$ (1,720,000)

SEGMENT INFORMATION (Schedule_2

SEGMENT INFORMATION (Schedule of Segment Assets) (Details) - USD ($)	Jul. 31, 2019	Oct. 31, 2018
Segment Reporting Information [Line Items]
Cash and cash equivalents	$ 2,435,000	$ 3,026,000
Value-added tax receivable, net	324,873	175,020
Other receivables	13,619	12,045
Prepaid expenses and deposits	143,260	237,253
Office and mining equipment, net	235,752	201,486
Property concessions	5,031,747	5,019,927
Goodwill	2,058,031	2,058,031
TOTAL ASSETS	10,243,098	10,729,761
Canada [Member]
Segment Reporting Information [Line Items]
Cash and cash equivalents	2,350,000	2,993,000
Value-added tax receivable, net
Other receivables	9,000	11,000
Prepaid expenses and deposits	37,000	226,000
Office and mining equipment, net
Property concessions
Goodwill
TOTAL ASSETS	2,396,000	3,230,000
Mexico [Member]
Segment Reporting Information [Line Items]
Cash and cash equivalents	85,000	33,000
Value-added tax receivable, net	325,000	175,000
Other receivables	5,000	1,000
Prepaid expenses and deposits	106,000	11,000
Office and mining equipment, net	236,000	202,000
Property concessions	5,032,000	5,020,000
Goodwill	2,058,000	2,058,000
TOTAL ASSETS	$ 7,847,000	$ 75,000,000