WestMountain Gold (WMTN) 10-Q 16 Jun 15 2015 Q2 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	6 Months Ended
	Apr. 30, 2015	Jun. 10, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	WESTMOUNTAIN GOLD, INC.
Document Type	10-Q
Current Fiscal Year End Date	-21
Entity Common Stock, Shares Outstanding		61,403,604
Amendment Flag	FALSE
Entity Central Index Key	1421601
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Smaller Reporting Company
Entity Well-known Seasoned Issuer	No
Document Period End Date	30-Apr-15
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q2

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Apr. 30, 2015	Oct. 31, 2014
Current Assets
Cash and cash equivalents	$29,691	$22,766
Prepaid expenses	32,007	8,932
Inventory	34,227	459,461
Total current assets	95,925	491,159
Equipment, net	352,496	440,562
Other Assets
Contractual rights	1,000,000	900,000
Mining claims	1,946,458	1,946,458
Security deposits	9,303	5,225
Total Assets	3,404,182	3,783,404
Current Liabilities
Accounts payable	1,305,580	1,444,060
Accounts payable - related parties	665,202	670,106
Accrued expenses	231,358	263,354
Accrued interest	2,308,316	1,538,176
Forward contract	250,665	300,659
Derivative liability - warrants	329,250	1,092,597
Promissory notes	5,583,248	5,583,248
Total current liabilities	10,673,619	10,892,200
Commitments and Contingencies
STOCKHOLDERS' DEFICIT
Preferred stock, $0.10 par value; 987,900 shares authorized, 0 shares issued and outstanding at April 30, 2015 and October 31, 2014, respectively.Preferred Series A Convertible Stock, $0.10 par value; 12,100 shares authorized, issued and outstanding at April 30, 2015 and October 31, 2014, respectively	1,210	1,210
Common stock, $0.001 par value; 200,000,000 shares authorized, 27,592,164 and 27,296,403 shares issued and outstanding at April 30, 2015 and October 31, 2014, respectively	27,592	27,296
Additional paid in capital	13,361,390	13,163,655
Accumulated deficit - stock dividends	-97,190	-60,500
Accumulated deficit	-20,562,439	-20,240,457
Total stockholders' deficit	-7,269,437	-7,108,796
Total Liabilities and Stockholders' Deficit	3,404,182	3,783,404
Preferred Stock [Member]
STOCKHOLDERS' DEFICIT
Preferred stock, $0.10 par value; 987,900 shares authorized, 0 shares issued and outstanding at April 30, 2015 and October 31, 2014, respectively.Preferred Series A Convertible Stock, $0.10 par value; 12,100 shares authorized, issued and outstanding at April 30, 2015 and October 31, 2014, respectively
Convertible Preferred Stock [Member] | Series A Preferred Stock [Member]
STOCKHOLDERS' DEFICIT
Preferred stock, $0.10 par value; 987,900 shares authorized, 0 shares issued and outstanding at April 30, 2015 and October 31, 2014, respectively.Preferred Series A Convertible Stock, $0.10 par value; 12,100 shares authorized, issued and outstanding at April 30, 2015 and October 31, 2014, respectively	$1,210	$1,210

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parentheticals) (USD $)	Apr. 30, 2015	Oct. 31, 2014
Common Stock, par value (in Dollars per share)	$0.00	$0.00
Common Stock shares Authorized	200,000,000	200,000,000
Common Stock shares Issued	27,592,164	27,296,403
Common Stock shares Outstanding	27,592,164	27,296,403
Preferred Stock [Member]
Preferred stock par value (in Dollars per share)	$0.10	$0.10
Preferred stock, shares authorized	987,900	987,900
Preferred Stock shares Issued	0	0
Preferred Stock shares Outstanding	0	0
Convertible Preferred Stock [Member] | Series A Preferred Stock [Member]
Preferred stock par value (in Dollars per share)	$0.10	$0.10
Preferred stock, shares authorized	12,100	12,100
Preferred Stock shares Issued	12,100	12,100
Preferred Stock shares Outstanding	12,100	12,100

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (USD $)	3 Months Ended		6 Months Ended
	Apr. 30, 2015	Apr. 30, 2014	Apr. 30, 2015	Apr. 30, 2014
Revenue:
Sales	$119,725	$127,953	$731,795	$204,250
Total revenue	119,725	127,953	731,795	204,250
Cost of sales	69,146	71,660	437,339	136,775
Total cost of sales	69,146	71,660	437,339	136,775
Gross profit	50,579	56,293	294,456	67,475
Operating Expenses
Selling, general and administrative expenses	112,628	312,468	218,266	729,581
Exploration expenses	309,807	21,282	391,374	70,610
Total operating expenses	422,435	333,750	609,640	800,191
Loss from operations	-371,856	-277,457	-315,184	-732,716
Other income/(expense)
Interest income		11		11
Interest expense	-378,630	-569,535	-770,145	-666,277
Financing fee		-261		-228,238
Gain(Loss) on change - derivative liability warrants	226,750	254,250	763,347	254,250
Gain(Loss) on settlement of forward contract				-349,779
Total other income/(expense)	-151,880	-315,535	-6,798	-990,033
Net loss before income taxes	-523,736	-592,992	-321,982	-1,722,749
Income tax expense (benefit)
Net loss	($523,736)	($592,992)	($321,982)	($1,722,749)
Basic net loss per share (in Dollars per share)	($0.02)	($0.02)	($0.01)	($0.07)
Diluted net loss per share (in Dollars per share)	($0.02)	($0.02)	($0.01)	($0.07)
Basic weighted average common shares outstanding (in Shares)	27,592,164	25,660,593	27,537,838	25,376,403
Diluted weighted average common shares outstanding (in Shares)	27,592,164	25,660,593	27,537,838	25,376,403

Consolidated_Statement_of_Cash

Consolidated Statement of Cash Flows (USD $)	6 Months Ended
	Apr. 30, 2015	Apr. 30, 2014
Cash flows from operating activities
Net loss	($321,982)	($1,722,749)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	88,065	78,790
Stock option expense	61,340
Issuance of common stock for fees		227,977
Issuance of common stock and warrants for services and expenses		347,275
(Gain) Loss on forward contract	6	94,080
Loss on settlement of forward contract		349,779
(Gain) Loss on derivative liability	-763,347	-254,250
Changes in operating assets and operating liabilities:
Prepaid expenses and other current assets	-27,151	-3,506
Inventory	425,234	12,752
Other assets		3,200
Accrued interest	770,140	424,110
Accounts payable and accrued liabilities	-70,476	-137,420
Accounts payable and accrued liabilities - related parties	-4,904	297,494
Net cash provided by (used in) operating activities	156,925	-282,468
Cash flows from investing activities:
Cash used in merger		-1,800,000
Contractual rights	-100,000
Net cash (used in) investing activities	-100,000	-1,800,000
Cash flows from financing activities:
Proceeds from promissory notes		2,000,000
Forward contract	-50,000
Repayment of debenture notes		-100,000
Proceeds from the issuance of common stock		100,153
Net cash (used in) provided by financing activities	-50,000	2,000,153
Net increase (decrease) in cash and cash equivalents	6,925	-82,315
Cash and cash equivalents, beginning of period	22,766	82,376
Cash and cash equivalents, end of period	29,691	61
Supplemental disclosures of cash flow information:
Interest paid
Taxes paid
Non-cash investing and financing activities:
Common stock issued in exchange for account payable	100,000	75,000
Common stock and warrants issued for mining claims		136,000
Common stock and warrants issued for settlement of forward contract		264,920
Preferred stock dividend	$36,690

BUSINESS

BUSINESS	6 Months Ended
	Apr. 30, 2015
Disclosure Text Block [Abstract]
Business Description and Basis of Presentation [Text Block]	NOTE 1.  BUSINESS
	WestMountain Gold, Inc. (“WMTN” or the “Company”) is an exploration stage mining company, determined in accordance with applicable Securities and Exchange Commission (“SEC”) guidelines, which pursues gold projects that the Company anticipates will have low operating costs and high returns on capital.
	WMTN’s wholly owned subsidiary, Terra Gold Corporation (“TGC”), was a joint venture partner with Raven Gold Alaska, Inc. (“Raven”) through February 12, 2014 on a gold system project (“the TMC Project”). On February 12, 2014, the Company, through its wholly owned subsidiary, Terra Gold Corp, acquired 100% ownership interest in the TMC Project from Raven, which is a wholly owned subsidiary of Corvus Gold Inc. (TSX:KOR, OTCQX:CORVF) for $1.8 million in cash and 200,000 shares of WMTN.  The Company has budgeted expenditures for the TMC Project for the next twelve months of approximately $2,100,000, depending on additional financing, for general and administrative expenses and exploration.
	The Company is currently focused on mineral production from mineralized material at the TMC Project in the state of Alaska. The TMC Project consists of 344 Alaska state mining claims plus an additional 5 unpatented lode mining claims held under lease (subject to a 3-4% net smelter return (“NSR”) royalty to the lessor, dependent upon the gold price) covering 223 square kilometers (22,300 hectares). The property is centered on an 8-km-long trend of gold vein occurrences.  All government permits and reclamation plans for continued exploration through 2014 were renewed and the fees to maintain the Terra claims through 2015 were paid by the Company.  The property lies approximately 200 km west-northwest of Anchorage and is accessible via helicopter or fixed-wing aircraft.  The property has haul roads, a mill facility and adjoining camp infrastructure, a tailings pond and other infrastructure.  The remote camp is powered by diesel powered generators and water is supplied to the mill by spring fed sources and year round water wells.
	The Company is considered an exploration stage company under SEC criteria because it has not demonstrated the existence of proven or probable reserves at the TMC Project.  Accordingly, as required under SEC guidelines and U.S. GAAP for companies in the exploration stage, substantially all expenditures in the mining properties to date, have been expensed as incurred and therefore do not appear as assets on our balance sheet.  The Company expects construction expenditures and underground mine exploration and capital improvements will continue during 2015 and subsequent years. The Company expects to remain as an exploration stage company for the foreseeable future. It will not exit the exploration stage until such time that it demonstrates the existence of proven or probable reserves that meet SEC guidelines. Likewise, unless mineralized material is classified as proven or probable reserves, substantially all expenditures for mine exploration and construction will continue to be expensed as incurred.
	As of April 30, 2015, the Company had eight secured promissory notes with BOCO Investments, LLC, and has recorded $4,352,115 in principal plus $2,161,097 in accrued interest. The Company is in default on the promissory notes (but see Note 10, Subsequent Events).  We do not currently have the ability to repay the amount due.
	The Company’s principal source of liquidity for the next several years will need to be the continued raising of capital through the issuance of equity or debt.  WMTN plans to raise funds for each step of the TMC Project and as each step is successfully completed, raise the capital for the next phase.  WMTN believes this will reduce the cost of capital as compared to trying to raise all the anticipated capital at once up front.  However, since WMTN’s ability to raise additional capital will be affected by many factors, most of which are not within the Company’s control (see “Risk Factors”), no assurance can be given that WMTN will in fact be able to raise the additional capital as it is needed.
	The Company may choose to scale back operations to operate at break-even with a smaller level of business activity, while adjusting overhead depending on the availability of additional financing. In addition, the Company expects that it will need to raise additional funds if the Company decides to pursue more rapid expansion, appropriate responses to competitive pressures, or the acquisition of complementary businesses or technologies, or if it must respond to unanticipated events that require it to make additional investments. The Company cannot assure that additional financing will be available when needed on favorable terms, or at all.

GOING_CONCERN

GOING CONCERN	6 Months Ended
	Apr. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Substantial Doubt about Going Concern [Text Block]	NOTE 2.  GOING CONCERN
	The Company’s independent registered public accounting firm has expressed substantial doubt about the Company’s ability to continue as a going concern as a result of its history of net loss. The Company’s ability to achieve and maintain profitability and positive cash flow is dependent upon its ability to successfully execute the plans to pursue the TMC Project as described in this Form 10-Q. The outcome of these matters cannot be predicted at this time. These consolidated financial statements do not include any adjustments to the amounts and classifications of assets and liabilities that might be necessary should the Company be unable to continue its business.
	UNAUDITED FINANCIAL STATEMENTS
	The accompanying unaudited consolidated financial statements of WMTN and its subsidiaries have been prepared in accordance with generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The financial statements for the periods April 30, 2015 and 2014 are unaudited and include all adjustments necessary to a fair statement of the results of operations for the periods then ended. All such adjustments are of a normal, recurring nature. The results of the Company’s operations for any interim period are not necessarily indicative of the results of the Company’s operations for a full fiscal year. For further information, refer to the financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended October 31, 2014 as filed with the Securities and Exchange Commission (the “SEC”) on February 13, 2015.

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES	6 Months Ended
	Apr. 30, 2015
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	NOTE 3. SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES
	Accounting Method
	The Company’s consolidated financial statements are prepared using the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America.
	Principles of Consolidation
	These consolidated financial statements include the Company’s consolidated financial position, results of operations, and cash flows. All material intercompany balances and transactions have been eliminated in the accompanying consolidated financial statements.
	Foreign Currency Translation
	The consolidated financial statements are presented in US dollars.  There have been no transactions denominated in foreign currencies.
	Cash and Cash Equivalents
	The Company classifies highly liquid temporary investments with an original maturity of three months or less when purchased as cash equivalents. The Company maintains cash balances at various financial institutions. Balances at US banks are insured by the Federal Deposit Insurance Corporation up to $250,000. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant risk for cash on deposit.  As of April 30, 2015, the Company had no uninsured cash amounts.
	Equipment
	Equipment consists of machinery, furniture and fixtures and software, which are stated at cost less accumulated depreciation and amortization. Depreciation is computed by the straight-line method over the estimated useful lives or lease period of the relevant asset, generally 3 -5 years.
	Metal and Other Inventory
	Inventories were $34,227 and $459,461 as of April 30, 2015 and October 31, 2014, respectively. Inventories include doré. All inventories are stated at the lower of cost or market, with cost being determined using a weighted average cost method. Metal inventory costs include direct labor, materials, depreciation, as well as administrative overhead costs relating to mining activities.
	Mineral Properties
	Costs of acquiring mineral properties are capitalized by project area upon purchase of the associated claims. Costs to maintain the mineral rights are expensed as incurred.  When a property reaches the production stage, the related capitalized costs will be amortized, using the units of production method on the basis of periodic estimates of ore reserves.
	Mineral properties are periodically assessed for impairment of value and any diminution in value.
	The Company has access to the camp by airplane. There is road access from the camp to the project area where drilling and bulk sampling mining occurs. It is approximately 1 1/2 miles from camp to the project area.  Power generation is by diesel generator at the camp. Fuel is brought in for the generators by a cargo plane to the airstrip.
	Long-Lived Assets
	The Company reviews its long-lived assets for impairment when changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Long-lived assets under certain circumstances are reported at the lower of carrying amount or fair value. Assets to be disposed of and assets not expected to provide any future service potential to the Company are recorded at the lower of carrying amount or fair value (less the projected cost associated with selling the asset). To the extent carrying values exceed fair values, an impairment loss is recognized in operating results.  As of April 30, 2015, there are no impairments recognized.
	Alaska Reclamation and Remediation Liabilities
	The Company operates in Alaska. The State of Alaska Department of Natural Resources requires a pool of funds from all permittees with exploration and mining projects to cover reclamation. There is a $750 per acre disturbance reclamation bond that is required for disturbance of 5 acres or more and/or removal of more than 50,000 cubic yards of material.
	Fair Value Measurements
	ASC Topic 820, Fair Value Measurement and Disclosures , defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date.  This topic also establishes a fair value hierarchy, which requires classification based on observable and unobservable inputs when measuring fair value.  The fair value hierarchy distinguishes between assumptions based on market data (observable inputs) and an entity’s own assumptions (unobservable inputs).  The hierarchy consists of three levels:
	Level 1 – Quoted prices in active markets for identical assets and liabilities;
	Level 2 – Inputs other than level one inputs that are either directly or indirectly observable; and
	Level 3 – Unobservable inputs developed using estimates and assumptions, which are developed by the reporting entity and reflect those assumptions that a market participant would use.
	Liabilities measured at fair value on a recurring basis are summarized as follows:
								Carrying Amount at
								April 30,
		Fair Value Measurements Using Inputs
	Financial Instruments	Level 1		Level 2		Level 3		2015
	Liabilities:
	Forward contract	$	-	$	250,665	$	-	$	250,665
	Derivative Instruments -Warrants	$	-	$	329,250	$	-	$	329,250
	Total	$	-	$	579,915	$	-	$	579,915
								Carrying Amount at
								October 31,
		Fair Value Measurements Using Inputs
	Financial Instruments	Level 1		Level 2		Level 3		2014
	Liabilities:
	Forward contract	$	-	$	300,659	$	-	$	300,659
	Derivative Instruments -Warrants	$	-	$	1,092,597	$	-	$	1,092,597
	Total	$	-	$	1,393,256	$	-	$	1,393,256
	Market price and estimated fair value of common stock used to measure the Derivative Instruments-Warrants at April 30, 2015 and October 31, 2014:
		April 30,		October 31,
		2015		2014
	Market price and estimated fair value of common stock:	$	0.16	$	0.48
	Exercise price	$	0.13	$	0.38
	Expected term (years)		3		3.5
	Dividend yield		-		-
	Expected volatility		148.20%		174.20%
	Risk-free interest rate		0.91%		1.62%
	The risk-free rate of return reflects the interest rate for the United States Treasury Note with similar time-to-maturity to that of the warrants.
	The recorded value of other financial assets and liabilities, which consist primarily of cash and cash equivalents, accounts receivable, other current assets, and accounts payable and accrued expenses approximate the fair value of the respective assets and liabilities at April 30, 2015 and October 31, 2014 based upon the short-term nature of the assets and liabilities.
	Derivative Instruments – Warrants
	In May and June 2013, the Company received a total of $1.0 million and entered into Promissory Notes, Security Agreement, Loan Agreement and Warrants to Purchase Stock Agreement (collectively, the “Transaction Documents”) with BOCO Investments LLC (“BOCO”).
	In addition, the Company issued Warrants to BOCO to purchase 2,500,000 shares of common stock at $0.75 per share or a price per share equal to eighty percent (80%) of the lowest price at which a common share in the Company has been issued in any round of financing commenced or closed after the date of the Warrants.  The Warrants expire in 2018, five years from the issuance date.  There are no registration requirements.  The Transaction Documents place certain operating restrictions on the Company.
	These warrants were not issued with the intent of effectively hedging any future cash flow, fair value of any asset, liability or any net investment in a foreign operation.  In addition, since the warrants do not have a fixed number of shares, they are accounted for outside of equity.  Therefore, the fair value of these warrants were recorded as a liability in the consolidated balance sheet and are marked to market each reporting period until they are exercised or expire or otherwise extinguished.
	During the quarter ended April 30, 2015, the Company recognized $226,750 of other income resulting from the decrease in the fair value of the warrant liability at April 30, 2015, as the value changed from the prior quarter.
	Forward Sale and Loan Agreements
	On March 20, 2013, the Company entered into forward sale and loan agreements with three accredited investors for an aggregate loan of $600,000. The Company was required to tender no less than 600 ounces of gold in bar form to the three accredited investors by September 15, 2013, but defaulted on this obligation.  The Company settled with two of the three investors during the year ended October 31, 2014.
	On November 1, 2013, the Company settled with one of the parties that had a forward sale and loan agreement for 200 ounces of gold; the Company issued 310,000 shares of common stock valued at $1.08 per share at the time of issuance, or $334,800 and warrants for an additional 310,000 shares of common stock with an exercise price of $1.50 per share valued at $279,899, using the Black-Scholes method, in full settlement of all claims.  The Company recorded a loss of $349,779 to settle this forward contract. (See Note 8)
	The second of the three lenders, URenergy, LLC, obtained a judgment against the Company on March 31, 2014 for the amount of $204,143 plus attorneys’ fees and costs.  On August 25, 2014 the Company reached a settlement agreement with URenergy LLC whereby we paid $100,000 in cash, which was advanced by Minex, and issued 266,667 shares of our common stock valued $0.45 per share, or $120,000 for a full satisfaction of the judgment.  The Company recorded a loss of $70,000 to settle this forward contract. (See Note 8).
	The Company is continuing to negotiate with the third lender, Snowmass Mining Co., LLC, who is owed $250,000 (payable in cash or gold), together with interest thereon from September 15, 2013.  The Company has paid Snowmass the sum of $50,000 during the six months ended April 30, 2015.
As of April 30, 2015, the value of the gold obligation to Snowmass is $250,000.  The difference between the amount received and the fair value of the obligation will be recorded as additional interest expense or income at each reporting date based on the fair value of gold.  During the three months ended April 30, 2015, the Company recorded additional interest expense of $57 for the change in the value of gold from April 30, 2014.
During the twelve months ended October 31, 2014, the Company entered into a forward sales agreement for 48.563 oz. of gold bullion at $1,305 per oz. The Company has delivered 48 oz, of the gold bullion and recorded the fair value of the remaining 0.563 oz. of gold as a forward contract in the amount of $665. The spot price of gold was $1182.40 on April 30, 2015.
Revenue Recognition:   Revenue is recognized when persuasive evidence of an arrangement exists, delivery has occurred, the price is fixed or determinable, no obligations remain and collection is probable. The passing of title to the customer is based on the terms of the sales contract. Product pricing is determined at the point revenue is recognized by reference to active and freely traded commodity markets, for example the London Bullion Market for both gold and silver, in an identical form to the product sold.
Mineral Exploration and Development Costs
All exploration expenditures are expensed as incurred.  Significant property acquisition payments for active exploration properties are capitalized.  If no minable ore body is discovered, previously capitalized costs are expensed in the period the property is abandoned.  Expenditures to develop new mines, to define further mineralization in existing ore bodies, and to expand the capacity of operating mines, are capitalized and amortized on a unit of production basis over proven and probable reserves.
Should a property be abandoned, its capitalized costs are charged to operations.  The Company charges to operations the allocable portion of capitalized costs attributable to properties abandoned.  Capitalized costs are allocated to properties sold based on the proportion of claims sold to the claims remaining within the project area.
Provision for Income Taxes
Income taxes are provided based upon the liability method of accounting. Under this approach, deferred income taxes are recorded to reflect the tax consequences in future years of differences between the tax basis of assets and liabilities and their financial reporting amounts at each year-end.  A valuation allowance is recorded against deferred tax assets if management does not believe the Company has met the “more likely than not” standard.
Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amount used for income tax purposes.
Net Loss Per Share
Basic loss per common share is computed by dividing net loss available to common shareholders by the weighted average number of shares of common stock outstanding for the periods presented.
Use of Estimates
The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Stock-Based Compensation
FASB ASC 718 establishes standards for the accounting for transactions in which an entity exchanges its equity instruments for goods or services, but primarily focuses on transactions whereby an entity obtains employee services for share-based payments. FASB ASC 718 requires that the compensation cost relating to share-based payment transactions be recognized in the consolidated financial statements. That cost will be measured based on the fair value of the equity or liability instruments issued. It also addresses transactions in which an entity incurs liabilities in exchange for goods or services that are based on the fair value of the entity’s equity instruments or that may be settled by the issuance of those equity instruments.
The Company’s accounting policy for equity instruments issued to consultants and vendors in exchange for goods and services follows the provisions of FASB ASC 505-50 .  The measurement date for the fair value of the equity instruments issued is determined at the earlier of (i) the date at which a commitment for performance by the consultant or vendor is reached or (ii) the date at which the consultant or vendor’s performance is complete. In the case of equity instruments issued to consultants, the fair value of the equity instrument is recognized over the term of the consulting agreement. Stock-based compensation related to non-employees is accounted for based on the fair value of the related stock or options or the fair value of the services, whichever is more readily determinable in accordance with FASB ASC 718.
Recent Accounting Pronouncements
On April 10, 2014, the FASB issued Accounting Standards Update (ASU) No. 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, which changes the criteria for determining which disposals can be presented as discontinued operations and modifies related disclosure requirements. This standard was effective for the Company on January 1, 2015. The Company does not expect significant impact to the financial statements upon implementation of ASU No. 2014-08.
On May 28, 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers, which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. ASU No. 2014-09 will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The new standard will be effective for the Company on November 1, 2017. Early application is not permitted. The Company is currently evaluating the impact of ASU No. 2014-09.
On August 27, 2014, the FASB issued ASU No. 2014-15, Presentation of Financial Statements - Going Concern (subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern, which is intended to define management’s responsibility to evaluate whether there is substantial doubt about the Company’s ability to continue as a going concern and to provide related footnote disclosures. This standard will be effective for the Company for the year ending on October 31, 2016. Early application is permitted. The Company is currently evaluating the impact of ASU No. 2014-15.
In June 2014, the FASB issued ASU No. 2014-10, which amended Accounting Standards Codification (ASC) Topic 915 Development Stage Entities. The amendment eliminates certain financial reporting requirements surrounding development stage entities, including an amendment to the variable interest entities guidance in ASC Topic 810, Consolidation. The amendment removes the definition of a development stage entity from the ASC, thereby removing the financial reporting distinction between development stage entities and other entities from U.S. GAAP. Consequently, the amendment eliminates the requirements for development stage entities to (1) present inception-to-date information in the statements of income, cash flows and shareholder equity, (2) label the financial statements as those of a development stage entity, (3) disclose a description of the development stage activities in which the entity is engaged, and (4) disclose the first year in which the entity is no longer a development stage entity that in prior years it had been in the development stage.
This amendment is effective for fiscal years beginning after December 15, 2014, and interim periods therein. Early application of each of the amendments is permitted for any annual reporting period or interim period for which the entity’s financial statements have not yet been issued. The Company has made the election to early adopt this amendment effective June 30, 2014 and, as a result, the Company is no longer presenting or disclosing the information previously required under Topic 915. The early adoption was made to reduce data maintenance by removing all incremental financial reporting requirements for development stage entities. The adoption of this amendment alters the disclosure requirements of the Company, but it does not have any material impact on the Company’s financial position or results of operations for the current or any prior reporting periods.
A variety of proposed or otherwise potential accounting standards are currently under study by standard setting organizations and various regulatory agencies. Due to the tentative and preliminary nature of those proposed standards, management has not determined whether implementation of such proposed standards would be material to the consolidated financial statements.

AGREEMENTS

AGREEMENTS	6 Months Ended
	Apr. 30, 2015
Agreement Disclosure [Abstract]
Agreement Disclosure [Text Block]	NOTE 4. AGREEMENTS
	Exploration, Development and Mine Operating Agreements
	Joint Venture Agreement
	On September 15, 2010, WMTN and its wholly owned subsidiary, TGC, and Raven signed an Exploration, Development and Mine Operating Agreement (“JV Agreement”) pertaining to the TMC Project. WMTN made payments of cash and stock to Raven pursuant to the JV Agreement during its term.
	On February 12, 2014, the Company, through TGC, acquired 100% ownership interest in the TMC Project from Raven for $1.8 million in cash and 200,000 shares of WMTN.  No further  payments  are  due  to Raven  from  TGC  under  the  JV  Agreement, (including but not limited to any royalty or residual payments), and  each  party  is  fully  released  from  its  obligations  to the other  under  the JV  Agreement.  For the year ended October 31, 2014, the $1.8 million of cash paid to Raven is recorded as Mining Claims in the accompanying consolidated balance sheet along with the 200,000 shares of common stock of the Company has been issued. The shares of common stock had a fair market value of $136,000 on the date of grant.
	Share Exchange Agreement with TMC
	During the year ended October 31, 2010, WMTN entered into a Share Exchange Agreement with Gregory Schifrin, American Mining Corporation (“AMC”) and James Baughman to acquire 100% of the issued and outstanding shares of common stock of TMC in exchange for 1,500,000 shares of restricted common stock of WMTN, par value of $0.001 per share. These shares were valued at $150,000. The value of these shares were recorded as Contractual Rights because of TMCs JV agreement with Terra Gold and Raven Gold Alaska, Inc. to explore the mineral properties.  On February 12, 2014, the Company acquired 100% of the Terra Gold project.
	Amended Claims and Lease Agreements with Ben Porterfield
	On January 7, 2011, Terra Mining Corporation (“TMC”) entered into an Amended Claims Agreement with Ben Porterfield related to five mining claims known as Fish Creek 1-5 (ADL-648383 through ADL- 648387), which claims have been assigned to the TMC Project. As part of this Amended Claims Agreement, Ben Porterfield consented to certain conveyances, assignments, contributions and transfers related to the above five mining claims.
	The Amended Lease Agreement, which incorporates the Lease dated March 22, 2005 and the September 27, 2010 Consent between Ben Porterfield and AngloGold Ashanti (USA) Exploration Inc., has a term of ten years, which can be extended for an additional ten years with thirty days written notice. The Amended Lease Agreement defines terms and conditions and requires the following minimum royalties:
	●	Payment of $100,000 annually on March 22, 2011 (paid).
	●	Payment of $100,000 annually on March 22, 2012 (paid), 2013 (paid), (2014) paid, through March 22, 2015.
	●	2015 payment of $100,000 due on March 22, 2015 was made on May 1, 2015.
	●	Payment of $125,000 annually beginning March 22, 2016 through the termination of the Amended Claims Agreement.
	The Company can terminate the Amended Lease Agreement with the payment of $875,000, less $75,000 paid during the years 2006-2011 .    The payment may be paid over three annual payments.
	TMC has paid in total $500,000 to Ben Porterfield and WMTN issued 500,000 shares of WMTN restricted common stock on March 23, 2011. The common stock was recorded as Contractual Rights at $250,000 or $0.50 per share. Mr. Porterfield is to receive 200 tons of Bens Vein materials over the next two years. The investment in the exclusive rights to the mineral properties is accounted for at cost. As of April 30, 2015, the Company has capitalized $850,000 related to this Claims Agreement.
	The Amended Claims Agreement, which incorporates the Lease dated March 22, 2005, provides for a production royalty of 4% of the net smelter return for all minerals produced or sold. The Company may repurchase 1% of the production royalty right for $1,000,000 and an additional 1% for $3,000,000.
	The failure to operate in accordance with the Amended Claims or Lease Agreements could result in the Lease being terminated.  On May 1, 2015, the Company paid the $100,000 payment to Ben Porterfield that was due on March 22, 2015.

EQUIPMENT_NET

EQUIPMENT, NET	6 Months Ended
	Apr. 30, 2015
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	NOTE 5. EQUIPMENT, NET
	Equipment, net consists of the following:
		Estimated
		Useful	April 30,		October 31,
		Lives	2015		2014
	Mining and other equipment	3-5 years	$	842,487	$	842,487
	Less: accumulated depreciation			-489,991		-401,925
	Mining and other equipment, Net		$	352,496	$	440,562
	Depreciation expense for the six months ended April 30, 2015 and 2014 was $88,065 and $78,790, respectively. Depreciation expense for the three months ended April 30, 2015 and 2014 was $44,033 and $38,986, respectively.

CERTAIN_RELATIONS_AND_RELATED_

CERTAIN RELATIONS AND RELATED PARTY TRANSACTIONS	6 Months Ended
	Apr. 30, 2015
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	NOTE 6. CERTAIN RELATIONS AND RELATED PARTY TRANSACTIONS
	The following relationships are material or are related as indicated.
	Related Party Transactions
	WMTN entered into a Consulting Agreement with WestMountain Asset Management, Inc. (“WASM and WASM Agreement”), a WMTN shareholder. Under the terms of the WASM Agreement, WASM agreed to advise WMTN on the acquisition of TMC, funding of WMTN and strengthening the WMTN balance sheet during the period ending December 31, 2011. WASM received a Warrant for 925,000 shares at $0.001 per share.   During the year ended October 31, 2011 WASM exercised 873,000 of the 925,000 warrants.  WMTN agreed to file a registration statement with the SEC with regard to the shares issuable upon exercise of the warrant within ninety days on a best efforts basis. As of January 21, 2014, WASM had exercised the remaining 52,000 warrants.
	The Company has four full-time and part-time employees. The Company shares offices with Minex Exploration LLP (“Minex”), an Idaho partnership affiliated with the Company’s Chief Executive Officer. Also, the Company utilizes Minex contractors for exploration and development of the Alaska property. The Company has recorded accounts payable and accrued payable for related party of $665,202 and $670,106 as of April 30, 2015 and October 31, 2014, respectively.
	On May 26, 2015, as part of the Company’s Loan and Note Modification Agreement dated as of May 15, 2015, Minex converted the full $671,870 due to 5,598,917 shares of the Company’s common stock. (See Note 10)
	Secured Promissory and Promissory Notes with BOCO
	From time to time, the Company entered into promissory notes and other agreements with BOCO related to loans from BOCO to the Company.  The current status of BOCO loans to the Company and their terms are described in Note 7, Promissory Notes.
	Promissory Notes with Silver Verde May Mining Company, Inc.
	On April 30, 2012 the Company entered into Promissory Note Documents with Silver Verde May Mining Company Inc. (“SVM”), a party related to an existing shareholder and a Director of the Company. Under the Promissory Note Documents, the Company issued Convertible Promissory Notes (“SVM Notes”) in the principal amounts totaling $85,000. The Notes were due November 6, 2012 and provide for interest at 5% payable in arrears. The SVM Notes are convertible into common stock at $1.00 per share. In addition, the Company issued 42,500 shares of restricted common stock to SVM in connection with the issuance of the SVM Notes that was expensed to interest at $1.00 per share or $42,500 during the three months ended April 30, 2012. On May 29, 2013, the Company entered into an Amendment to Convertible Promissory Note extending the due date to July 31, 2013. As of April 30, 2015, the principal and accrued interest due on the notes is $37,886.  As of October 31, 2014, the Company has repaid $53,867 to SVM. On October 31, 2013, the Company entered into the Second Amendment to Convertible Promissory Note extending the due date to October 31, 2014.
	On May 26, 2015, as part of the Company’s Loan and Note Modification Agreement dated as of May 15, 2015, Silver Verde May converted the full $37,950 in principal and interest into 316,250 shares of the Company’s common stock. (See Note 10)

PROMISSORY_NOTES

PROMISSORY NOTES	6 Months Ended
	Apr. 30, 2015
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	NOTE 7. PROMISSORY NOTES
	As of April 30, 2015 and October 31, 2014, the Company has the following promissory notes outstanding:
		April 30,		October 31,
		2015		2014
	BOCO September 17, 2012 Promissory Note	$	1,852,115	$	1,852,115
	BOCO May 14, 2013 Promissory Note		500,000		500,000
	BOCO June 27, 2013 Promissory Note		500,000		500,000
	BOCO December 31, 2013 Promissory Note		1,000,000		1,000,000
	BOCO May 23, 2014 Promissory Note		100,000		100,000
	BOCO June 2, 2104 Promissory Note		200,000		200,000
	BOCO June 9, 2014 Promissory Note		100,000		100,000
	BOCO June 30, 2014 Promissory Note		100,000		100,000
	DessiDecember17, 2013 Promissory Note		1,000,000		1,000,000
	Andres Promissory Notes		200,000		200,000
	Silver Verde May Promissory Notes		31,133		31,133
	Total	$	5,583,248	$	5,583,248
	Secured Promissory Notes dated September 17, 2012
	On September 17, 2012, the Company entered into an Amended and Restated Revolving Credit Loan and Security and Secured Convertible Promissory Note Agreements with BOCO, an existing lender to and shareholder in the Company. On October 1, 2012, the Company entered into a Warrant to Purchase Stock Agreement with BOCO related to this financing (such Agreements and Warrant, the “Transaction Documents”). This transaction consolidated previously issued promissory note agreements and warrants purchase agreements into one amended agreement.
	Under the Transaction Documents, the Company issued an Amended and Restated Secured Convertible Promissory Note (the “September 2012 Note”) in the principal amount of $1,852,115. The September 2012 Note was due July 31, 2013 and provided for interest at 18% payable in arrears. The Note and accrued interest are convertible into common stock at the lesser of $3.00 or the lowest price at which common shares in the Company are issued in any round of financing commencing after the date of this Note and prior to the conversion, at the discretion of BOCO. The September 2012 Note is secured by a security interest in the Company’s assets to secure the Company’s performance under the Note. In addition, the Company issued a Warrant to purchase 1,852,115 shares of common stock at $1.50 unless the Company elects to do a future offering at a lower price. The Warrant expires September 30, 2017. There are no registration requirements. The Transaction Documents place certain operating restrictions on the Company.  As of April 30, 2015, the principal and accrued interest due on the note is $2,662,885.
	The Transaction Documents also contain certain representations and warranties of the Company and BOCO, including customary investment-related representations provided by BOCO, as well as acknowledgements by BOCO that it has reviewed certain disclosures of the Company (including the periodic reports that the Company has filed with the SEC) and that the Company’s issuance of the shares has not been registered with the SEC or qualified under any state securities laws.  The Company provided customary representations regarding, among other things, its organization, subsidiaries, disclosure reports, absence of certain legal or governmental proceedings, financial statements, tax matters, insurance matters, real property and other assets, and compliance with applicable laws and regulations.  The representations and warranties made to BOCO are qualified in their entirety (to the extent applicable) by the Company’s disclosures in the reports it files with the SEC.  The Company also delivered confidential disclosure schedules qualifying certain of its representations and warranties in connection with executing and delivering the Transaction Documents.
	In addition to the Transaction Documents described above, on September 11, 2012, the Company entered into a Warrant to Purchase Stock Agreement with BOCO. The Company issued a Warrant to purchase 1,250,000 shares of common stock at $0.25 per share. The Warrant expires September 30, 2017. There are no registration requirements.
	On August 29, 2013, the Company entered into the First Amendment to the Amended and Restated Secured Convertible Promissory Note with BOCO. The First Amendment was effective August 1, 2013 and extended the due date under for the September 2012 Note from July 31, 2013 to October 31, 2013.
	On May 26, 2015, as part of the Company’s Loan and Note Modification Agreement dated as of May 15, 2015 with BOCO, the annual interest rate on this note was reduced to 8% and the maturity was extended to November 15, 2017, so it is no longer in default. The Warrant was exercised at $0.05 per share (See Note 10).
	Promissory Note with BOCO dated May 14, 2013
	In May 2013, the Company entered into a Promissory Note, a Security Agreement and warrants to Purchase Stock Agreement and a Loan Agreement (collectively the “May 2013 Transaction Documents”) with BOCO.  Under the May 2013 Transaction Documents, the Company issued a Promissory Note (the “May 2013 Note”) to BOCO in the principal amount of $500,000.  The May 2013 Note was due October 31, 2013 and provides for interest at 15%, payable in arrears.  The May 2013 Note is secured by a security interest in the Company’s assets to secure the Company’s performance. As of April 30, 2015, the principal and accrued interest due on the note is $873,151. At April 30,2015 this note was in default.  The default interest rate in effect is 45% at April 30, 2015.
	In addition, the Company issued a Warrant to purchase 1,250,000 shares of common stock at an exercise price that is the lesser of $0.75 per share or a price per share equal to eighty percent (80%) of the lowest price at which a common share in the Company has been issued in any round of financing commenced or closed after the date of this Warrant and prior to Holder’s exercise of its rights under the Warrant. The Warrant expires May 17, 2018. There are no registration requirements. The May 2013 Transaction Documents place certain operating restrictions on the Company.
	The May 2013 Transaction Documents also contain certain representations and warranties of the Company and BOCO, including customary investment-related representations provided by BOCO, as well as acknowledgements by BOCO that it has reviewed certain disclosures of the Company (including the periodic reports that the Company has filed with the SEC) and that the Company’s issuance of the shares has not been registered with the SEC or qualified under any state securities laws.  The Company provided customary representations regarding, among other things, its organization, subsidiaries, disclosure reports, absence of certain legal or governmental proceedings, financial statements, tax matters, insurance matters, real property and other assets, and compliance with applicable laws and regulations.  The representations and warranties made to BOCO are qualified in their entirety (to the extent applicable) by the Company’s disclosures in the reports it files with the SEC.  The Company also delivered confidential disclosure schedules qualifying certain of its representations and warranties in connection with executing and delivering the May 2013 Transaction Documents.
	On May 26, 2015, as part of the Company’s Loan and Note Modification Agreement dated as of May 15, 2015 with BOCO, the annual interest rate on this note was reduced to 8% and the maturity was extended to November 15, 2015 so it is no longer in default. The Warrant was exercised at $0.05 per share (See Note 10).
	Promissory Note with BOCO dated June 27, 2013
	On June 27, 2013, the Company entered into a Promissory Note, a Security Agreement and a Loan Agreement with BOCO. On June 27, 2013, the Company entered into a Warrant to Purchase Stock Agreement with BOCO related to this financing. All Agreements and the Warrant are the (“June 2013 Transaction Documents”).
	Under the June 2013 Transaction Documents, the Company issued a Promissory Note (“June 2013 Note”) in the principal amount of $500,000. The June 2013 Note was due December 31, 2013 and provides for interest at 15%, payable in arrears. The June 2013 Note is secured by a security interest in the Company’s assets to secure the Company’s performance under the June 2013 Note.  As of April 30, 2015, the principal and accrued interest due on the note is $837,603. At April 30, 2015 this note was in default. The default interest rate in effect is 45% at April 30, 2015.
	In addition, the Company issued a Warrant to purchase 1,250,000 shares of common stock at an exercise price that is the lesser of $0.75 per share or a price per share equal to eighty percent (80%) of the lowest price at which a common share in the Company has been issued in any round of financing commenced or closed after the date of this Warrant and prior to Holder’s exercise of its rights under the Warrant. The Warrant expires June 27, 2018. There are no registration requirements. The June 2013 Transaction Documents place certain operating restrictions on the Company.
	The June 2013 Transaction Documents also contain certain representations and warranties of the Company and BOCO, including customary investment-related representations provided by BOCO, as well as acknowledgements by BOCO that it has reviewed certain disclosures of the Company (including the periodic reports that the Company has filed with the SEC) and that the Company’s issuance of the shares has not been registered with the SEC or qualified under any state securities laws.  The Company provided customary representations regarding, among other things, its organization, subsidiaries, disclosure reports, absence of certain legal or governmental proceedings, financial statements, tax matters, insurance matters, real property and other assets, and compliance with applicable laws and regulations.  The representations and warranties made to BOCO are qualified in their entirety (to the extent applicable) by the Company’s disclosures in the reports it files with the SEC.  The Company also delivered confidential disclosure schedules qualifying certain of its representations and warranties in connection with executing and delivering the June 2013 Transaction Documents.
	On May 26, 2015, as part of the Company’s Loan and Note Modification Agreement dated as of May 15, 2015 with BOCO, the annual interest rate on this note was reduced to 8% and the maturity was extended to November 15, 2016, so it is no longer in default. The Warrant was exercised at $0.05 per share (See Note 10).
	Promissory Note with BOCO dated December 31, 2013
	On December 31, 2013, the Company signed a Promissory Note with BOCO for an aggregate loan amount of $1,000,000 (the “BOCO Bridge Loan”). Repayment of the BOCO Bridge Loan is due December 16, 2014 by repayment in cash.  The note bears interest at 8% per annum until paid in full.  As of April 30, 2015, the principal and accrued interest due on the note is $1,466,657. At April 30, 2015 this note currently was in default. The default interest rate in effect is 45% at April 30, 2015. $800,000 of the proceeds from this loan were used for the acquisition of 100% interest in the TMC project from Raven Gold Alaska, Inc.
	On May 26, 2015, as part of the Company’s Loan and Note Modification Agreement dated as of May 15, 2015 with BOCO, the annual interest rate on this note was reduced to 8% and the maturity was extended to November 15, 2016, so it is no longer in default (See Note 10).
	Promissory Note with BOCO dated May 23, 2014
	On May 23, 2014, the Company entered into a Convertible Promissory Note Agreement with BOCO Investments, LLC in the amount of $100,000. The note bears interest at 15% per annum until paid in full. Repayment of the note was due August 22, 2014. At April 30, 2015, this note currently was in default. The default interest rate in effect is 45% at April 30, 2015.  As of April 30, 2015, the principal and accrued interest due on the note is $135,208.
	On May 26, 2015, as part of the Company’s Loan and Note Modification Agreement dated as of May 15, 2015 with BOCO, the annual interest rate on this note was reduced to 8% and the maturity was extended to November 15, 2015, so it is no longer in default (See Note 10).
	Promissory Note with BOCO dated June 2, 2014
	On June 2, 2014, the Company entered into a Convertible Promissory Note Agreement with BOCO Investments, LLC in the amount of $200,000. The note bears interest at 15% per annum until paid in full. Repayment of the note was due August 22, 2014. At April 30, 2015, this note currently was in default. The default interest rate in effect is 45% at April 30, 2015. As of April 30, 2015, the principal and accrued interest due on the note is $269,583.
	On May 26, 2015, as part of the Company’s Loan and Note Modification Agreement dated as of May 15, 2015 with BOCO, the annual interest rate on this note was reduced to 8% and the maturity was extended to November 15, 2015, so it is no longer in default (See Note 10).
	Promissory Note with BOCO dated June 9, 2014
	On June 9, 2014, the Company entered into a Convertible Promissory Note Agreement with BOCO Investments, LLC in the amount of $100,000. The note bears interest at 15% per annum until paid in full. Repayment of the note was due August 22, 2014. At April 30, 2015, this note currently was in default. The default interest rate in effect is 45% at April 30, 2015.  As of April 30, 2015, the principal and accrued interest due on the note is $134,500.
	On May 26, 2015, as part of the Company’s Loan and Note Modification Agreement dated as of May 15, 2015 with BOCO, the annual interest rate on this note was reduced to 8% and the maturity was extended to November 15, 2015, so it is no longer in default (See Note 10).
	Promissory Note with BOCO dated June 30, 2014
	On June 9, 2014, the Company entered into a Convertible Promissory Note Agreement with BOCO Investments, LLC in the amount of $100,000. The note bears interest at 15% per annum until paid in full. Repayment of the note was due August 22, 2014. At April 30, 2015, this note currently was in default. The default interest rate in effect is 45% at April 30, 2015. As of April 30, 2015, the principal and accrued interest due on the note is $133,625.
	On May 26, 2015, as part of the Company’s Loan and Note Modification Agreement dated as of May 15, 2015 with BOCO, the annual interest rate on this note was reduced to 8% and the maturity was extended to November 15, 2015, so it is no longer in default (See Note 10).
	Promissory Note with Giuseppe Dessi dated December 17, 2013
	On December 17, 2013, the Company signed a Promissory Note with an accredited investor, Giuseppe Dessi, for an aggregate loan amount of $1,000,000 (the “Dessi Bridge Loan”). Repayment of the Dessi Bridge Loan was due December 16, 2014 by repayment in cash.  The note bears interest at 8% per annum until paid in full.  As of April 30, 2015, the principal and accrued interest due on the note is $1,109,370.  All of the proceeds from this loan were used to acquire 100% interest in the TMC project from Raven Gold Alaska, Inc.
	On May 1, 2015 Guiseppe Dessi and the Company executed an agreement extending the Dessi Bridge Loan note which extends it to December 16, 2016. This note is no longer in default (See Note 10)
	Andres Unsecured Promissory Notes in default
	On March 21, 2012 the Company entered into Promissory Note Documents with Fabin Andres and Bill Andres, existing shareholders in the Company. Under the Promissory Note Documents, the Company issued a Convertible Promissory Note to each of Fabin Andres and Bill Andres in the principal amount of $100,000 and $100,000, respectively (“the Andres Notes”). The Andres Notes were due in twelve months and provide for interest at 5% payable in arrears. The Andres Notes are convertible into common stock as $1.00 per share. In addition, the Company issued 50,000 shares of restricted common stock to each party that was expensed to interest at $1.00 per share or $100,000 during the three months ended April 30, 2012. On May 29, 2013, the Company entered into an Amendment to Convertible Promissory Note extending the due date to October 31, 2013. As of April 30, 2015 the principal and accrued interest due on the Notes is $231,096.  On October 31, 2013, the Company entered into the Second Amendment to Convertible Promissory Notes extending the due date to October 31, 2014.  We are currently in negotiations with the lender to extend the note.

EQUITY_TRANSACTIONS

EQUITY TRANSACTIONS	6 Months Ended
	Apr. 30, 2015
Disclosure Text Block Supplement [Abstract]
Shareholders' Equity and Share-based Payments [Text Block]	NOTE 8. EQUITY TRANSACTIONS
	During the six months ended April 30, 2015, the Company had no sales of unregistered equity securities.
	A summary of the warrants issued and outstanding as of April 30, 2015 is as follows (also see Note 10):
		30-Apr-15
				Weighted
				Average
		Shares		Exercise Price
	Outstanding as of October 31, 2014	13,108,880		$	1.15
	Issued	-			-
	Exercised	-			-
	Forfeited	-			-
	Expired	-1,769,101			1.425
	Outstanding as of April 30, 2015	11,339,779		$	1.107
	Exercisable as of April 30, 2015	11,339,779
		30-Apr-15
			Weighted		Weighted
			Average		Average
			Remaining		Exercise
	Number of						Shares
			Life		Price
	Warrants						Exercisable
	1,480,000		2.66		$	0.25	1,480,000
	200,000		3.86		$	0.5	200,000
	3,600,000		2.57		$	0.75	3,600,000
	10,000		1.83		$	0.88	10,000
	406,746		1.69		$	1	406,746
	5,443,033		1.47		$	1.5	5,443,033
	200,000		6.55		$	4	200,000
	11,339,779				$	1.107	11,339,779
	Options:
	On September 8, 2014 the Company issued 1,000,000 options to an employee to purchase shares of our common stock at $0.50 per share for a period of seven years.  250,000 of the options vested immediately and 250,000 options vest each subsequent year.  On the date of the grant, the Company valued the options at $490,714 using the Black-Scholes option pricing model with the following assumptions: expected life of the options of 7 years, expected volatility of 175.8%, risk-free rate of 2.16% and no dividend yield, and the value of the options are being expensed over the vesting period.  An expense of $30,670 was recognized for the quarter ended April 30, 2015 and an option expense of $61,340 was recognized for the six-months ended April 30, 2015.
	A summary of the options issued and outstanding as of April 30, 2015 is as follows:
		30-Apr-15
				Weighted
				Average
				Exercise
		Shares		Price
	Outstanding as of October 31, 2014	1,000,000		$	0.5
	Issued	-			-
	Exercised	-			-
	Forfeited	-			-
	Expired	-			-
	Outstanding as of April 30, 2015	1,000,000		$	0.5
	Exercisable as of April 30, 2015	250,000			0.5
		30-Apr-15
			Weighted		Weighted
			Average		Average
			Remaining		Exercise
	Number of						Shares
			Life		Price
	Options						Exercisable
	1,000,000		6.6		$	0.5	250,000
	1,000,000		6.6		$	0.5	250,000

COMMITMENTS_CONTINGENCIES_AND_

COMMITMENTS, CONTINGENCIES AND LEGAL PROCEEDINGS	6 Months Ended
	Apr. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	NOTE 9. COMMITMENTS, CONTINGENCIES AND LEGAL PROCEEDINGS
	Except as disclosed, there are no pending legal proceedings against us that are expected to have a material adverse effect on our cash flows, financial condition or results of operations.
	EMPLOYMENT AGREEMENTS
	On October 1, 2010, TMC signed an Employment Agreement with Gregory Schifrin, which was assumed by WMTN as a result of the acquisition of TMC in February 2011. Under the terms of the agreement, Mr. Schifrin was appointed Chief Executive Officer for an indefinite period at a salary of $120,000 per year. Mr. Schifrin is eligible for annual bonuses and incentive plans as determined by the Company’s Compensation Committee. Mr. Schifrin is also eligible for employee benefit programs, including 4 weeks of vacation per year, medical benefits and $500 per day spent on the Company’s project sites. Mr. Schifrin may resign with 60 days’ notice. If Mr. Schifrin is terminated without cause, including a change in control (after six months), he is to receive in a lump sum, two times his annual salary, two times his targeted annual bonus, two times his last year’s bonus and any accrued vacation (but see Note 10).
	On November 1, 2013, the Company signed an Employment Agreement with Loni Knepper, and on January 6, 2014, she was appointed Chief Financial Officer.  Under the terms of the agreement, Ms. Knepper’s salary was $105,000 per year and was eligible for annual bonuses and incentive plans determined by the Company’s Compensation Committee.  In addition, Ms. Knepper was granted 50,000 shares of common stock on November 14, 2013 which was valued at $1.00 per shares and was expensed as stock compensation.  (See Note 8)  On May 23, 2014 Ms. Knepper tendered notice of her resignation to the Company, effective May 26, 2014.
	On September 15, 2014, the Company signed an Employment Agreement with James W. Creamer III and appointed him as Chief Financial Officer.  Under the terms of the agreement, Mr. Creamer’s salary will be $96,000 per year and is eligible for annual bonuses and incentive plans determined by the Company’s Compensation Committee.  Mr. Creamer was also granted 1,000,000 options to purchase the Company’s common stock for $0.50 per share for a period of seven years.  250,000 of the options vested immediately and 250,000 options shall vest on each of the first, second and third anniversaries of employment (See Note 8).
	LEASES
	The Company is obligated under various non-cancelable operating leases for their various facilities and certain equipment and claims agreements.
	The aggregate unaudited future minimum lease payments, to the extent the leases have early cancellation options and excluding escalation charges, are as follows:
	Years ended October 31,	Total
	2015	$	132,775
	2016	$	170,372
	2017	$	171,382
	2018	$	137,000
	Beyond	$	137,000
	Total	$	748,529

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Apr. 30, 2015
Subsequent Events [Abstract]
Subsequent Events [Text Block]	NOTE 10. SUBSEQUENT EVENTS
	On May 1, 2015 Guiseppe Dessi executed an extension to a $1,000,000 Promissory Note that had matured on December 16, 2014 and was in default. The note will now mature on December 16, 2016 and is no longer in default (See Note 7)
	On May 1, 2015, the Company paid the $100,000 payment to Ben Porterfield that was due on March 22, 2015 under the Amended Claims Agreement. The Company issued a $100,000 promissory note to BOCO that pays an annual rate of 8% and matures on October 1, 2015 to pay for the 2015 payment to Ben Porterfield.
	On May 26, 2015, the Company received from BOCO the fully executed Loan and Note Modification Agreement dated as of May 15, 2015 (the “Loan Modification Agreement”) between the Company, its directors, BOCO , and two other creditors of the Company. The Loan Modification Agreement modifies all outstanding Loan Agreements, Security Agreements and related Promissory Notes between the Company and BOCO (collectively, the “Loan Documents”) that were previously in default and extends the repayment and maturity dates of the debt as follows:
	$100,000 plus interest is due and payable on October 1, 2015;
	Approximately $700,000 plus interest shall be due and payable to BOCO on November 15, 2015;
	Approximately $1,500,000 plus interest shall be due and payable to BOCO on November 15, 2016;
	The remaining principal amount of approximately $1,852,115 plus interest shall be due and payable to BOCO on November 15, 2017.
	As part of the Loan Modification Agreement, BOCO agreed to convert $2,221,159 in unpaid interest, plus principal of $300,000 into shares of the Company’s common stock at a price per share of $0.12. Such conversion was effected on May 26, 2015 and the Company issued 21,009,658 shares of its common stock as a result of such conversion.
	As consideration for the loan modification, the Company agreed to the issuance of warrants to purchase two million shares of the Company’s common stock for $0.01 per share, and to the extension and re-pricing of additional warrants to purchase 4,886,615 shares at $0.05 per share. BOCO agreed to exercise 6,886,615 warrants as a provision of the Loan Modification Agreement; the warrants were exercised on May 27, 2015 and proceeds of $264,331 paid to the Company.
	As part of the Loan Modification Agreement, the Company and a related party vendor, Minex Exploration, agreed to convert payables of $ 671,870 into shares of the Company’s common stock at a price per share of $0.12. A related party creditor, Silver Verde May Mining Company, also agreed to convert its debt of $37,950 into shares of the Company’s common stock at the same price per share. Such conversions were effected on May 26, 2015 and the Company issued 5,598,917 shares of its common stock to Minex and 316,250 to Silver Verde.
	The Loan Modification Agreement also noted that the due date for a loan in the principal amount of $1,000,000 to Giuseppe Dessi that was previously in default had been extended to December 14, 2016.
	The Loan Modification Agreement also provides for: (i) the waiver by Greg Schifrin, CEO of the Company, of all rights and benefits under his employment agreement with the Company; (ii) a seat on the board of the Company for an appointee of BOCO as well as board observation rights; (iii) lock-up agreements on the stock held by board members and BOCO; (iv) loan covenants and oversight rights; and (v) a new credit facility by BOCO of $150,000 to provide for 2015 mining camp expenses.
	The Company had previously entered into loan modification agreements with BOCO in April and June of 2014 but did not meet the conditions set forth in those agreements and the loans with BOCO have therefore been in default since October 2013.

Accounting_Policies_by_Policy_

Accounting Policies, by Policy (Policies)	6 Months Ended
	Apr. 30, 2015
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Accounting Method
	The Company’s consolidated financial statements are prepared using the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America.
Consolidation, Policy [Policy Text Block]	Principles of Consolidation
	These consolidated financial statements include the Company’s consolidated financial position, results of operations, and cash flows. All material intercompany balances and transactions have been eliminated in the accompanying consolidated financial statements.
Foreign Currency Transactions and Translations Policy [Policy Text Block]	Foreign Currency Translation
	The consolidated financial statements are presented in US dollars.  There have been no transactions denominated in foreign currencies.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents
	The Company classifies highly liquid temporary investments with an original maturity of three months or less when purchased as cash equivalents. The Company maintains cash balances at various financial institutions. Balances at US banks are insured by the Federal Deposit Insurance Corporation up to $250,000. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant risk for cash on deposit.  As of April 30, 2015, the Company had no uninsured cash amounts.
Property, Plant and Equipment, Impairment [Policy Text Block]	Equipment
	Equipment consists of machinery, furniture and fixtures and software, which are stated at cost less accumulated depreciation and amortization. Depreciation is computed by the straight-line method over the estimated useful lives or lease period of the relevant asset, generally 3 -5 years.
Inventory, Policy [Policy Text Block]	Metal and Other Inventory
	Inventories were $34,227 and $459,461 as of April 30, 2015 and October 31, 2014, respectively. Inventories include doré. All inventories are stated at the lower of cost or market, with cost being determined using a weighted average cost method. Metal inventory costs include direct labor, materials, depreciation, as well as administrative overhead costs relating to mining activities.
Mineral Properties, Policy, [Policy Text Block]	Mineral Properties
	Costs of acquiring mineral properties are capitalized by project area upon purchase of the associated claims. Costs to maintain the mineral rights are expensed as incurred.  When a property reaches the production stage, the related capitalized costs will be amortized, using the units of production method on the basis of periodic estimates of ore reserves.
	Mineral properties are periodically assessed for impairment of value and any diminution in value.
	The Company has access to the camp by airplane. There is road access from the camp to the project area where drilling and bulk sampling mining occurs. It is approximately 1 1/2 miles from camp to the project area.  Power generation is by diesel generator at the camp. Fuel is brought in for the generators by a cargo plane to the airstrip.
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	Long-Lived Assets
	The Company reviews its long-lived assets for impairment when changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Long-lived assets under certain circumstances are reported at the lower of carrying amount or fair value. Assets to be disposed of and assets not expected to provide any future service potential to the Company are recorded at the lower of carrying amount or fair value (less the projected cost associated with selling the asset). To the extent carrying values exceed fair values, an impairment loss is recognized in operating results.  As of April 30, 2015, there are no impairments recognized.
Reclamation and Remediation Liabilities, Policy, [Policy Text Block]	Alaska Reclamation and Remediation Liabilities
	The Company operates in Alaska. The State of Alaska Department of Natural Resources requires a pool of funds from all permittees with exploration and mining projects to cover reclamation. There is a $750 per acre disturbance reclamation bond that is required for disturbance of 5 acres or more and/or removal of more than 50,000 cubic yards of material.
Fair Value Measurement, Policy [Policy Text Block]	Fair Value Measurements
	ASC Topic 820, Fair Value Measurement and Disclosures , defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date.  This topic also establishes a fair value hierarchy, which requires classification based on observable and unobservable inputs when measuring fair value.  The fair value hierarchy distinguishes between assumptions based on market data (observable inputs) and an entity’s own assumptions (unobservable inputs).  The hierarchy consists of three levels:
	Level 1 – Quoted prices in active markets for identical assets and liabilities;
	Level 2 – Inputs other than level one inputs that are either directly or indirectly observable; and
	Level 3 – Unobservable inputs developed using estimates and assumptions, which are developed by the reporting entity and reflect those assumptions that a market participant would use.
	Liabilities measured at fair value on a recurring basis are summarized as follows:
								Carrying Amount at
								April 30,
		Fair Value Measurements Using Inputs
	Financial Instruments	Level 1		Level 2		Level 3		2015
	Liabilities:
	Forward contract	$	-	$	250,665	$	-	$	250,665
	Derivative Instruments -Warrants	$	-	$	329,250	$	-	$	329,250
	Total	$	-	$	579,915	$	-	$	579,915
								Carrying Amount at
								October 31,
		Fair Value Measurements Using Inputs
	Financial Instruments	Level 1		Level 2		Level 3		2014
	Liabilities:
	Forward contract	$	-	$	300,659	$	-	$	300,659
	Derivative Instruments -Warrants	$	-	$	1,092,597	$	-	$	1,092,597
	Total	$	-	$	1,393,256	$	-	$	1,393,256
	Market price and estimated fair value of common stock used to measure the Derivative Instruments-Warrants at April 30, 2015 and October 31, 2014:
		April 30,		October 31,
		2015		2014
	Market price and estimated fair value of common stock:	$	0.16	$	0.48
	Exercise price	$	0.13	$	0.38
	Expected term (years)		3		3.5
	Dividend yield		-		-
	Expected volatility		148.20%		174.20%
	Risk-free interest rate		0.91%		1.62%
	The risk-free rate of return reflects the interest rate for the United States Treasury Note with similar time-to-maturity to that of the warrants.
	The recorded value of other financial assets and liabilities, which consist primarily of cash and cash equivalents, accounts receivable, other current assets, and accounts payable and accrued expenses approximate the fair value of the respective assets and liabilities at April 30, 2015 and October 31, 2014 based upon the short-term nature of the assets and liabilities.
Derivatives, Policy [Policy Text Block]	Derivative Instruments – Warrants
	In May and June 2013, the Company received a total of $1.0 million and entered into Promissory Notes, Security Agreement, Loan Agreement and Warrants to Purchase Stock Agreement (collectively, the “Transaction Documents”) with BOCO Investments LLC (“BOCO”).
	In addition, the Company issued Warrants to BOCO to purchase 2,500,000 shares of common stock at $0.75 per share or a price per share equal to eighty percent (80%) of the lowest price at which a common share in the Company has been issued in any round of financing commenced or closed after the date of the Warrants.  The Warrants expire in 2018, five years from the issuance date.  There are no registration requirements.  The Transaction Documents place certain operating restrictions on the Company.
	These warrants were not issued with the intent of effectively hedging any future cash flow, fair value of any asset, liability or any net investment in a foreign operation.  In addition, since the warrants do not have a fixed number of shares, they are accounted for outside of equity.  Therefore, the fair value of these warrants were recorded as a liability in the consolidated balance sheet and are marked to market each reporting period until they are exercised or expire or otherwise extinguished.
	During the quarter ended April 30, 2015, the Company recognized $226,750 of other income resulting from the decrease in the fair value of the warrant liability at April 30, 2015, as the value changed from the prior quarter.
Forward Sale and Loan Agreement, Policy, [Policy Text Block]	Forward Sale and Loan Agreements
	On March 20, 2013, the Company entered into forward sale and loan agreements with three accredited investors for an aggregate loan of $600,000. The Company was required to tender no less than 600 ounces of gold in bar form to the three accredited investors by September 15, 2013, but defaulted on this obligation.  The Company settled with two of the three investors during the year ended October 31, 2014.
	On November 1, 2013, the Company settled with one of the parties that had a forward sale and loan agreement for 200 ounces of gold; the Company issued 310,000 shares of common stock valued at $1.08 per share at the time of issuance, or $334,800 and warrants for an additional 310,000 shares of common stock with an exercise price of $1.50 per share valued at $279,899, using the Black-Scholes method, in full settlement of all claims.  The Company recorded a loss of $349,779 to settle this forward contract. (See Note 8)
	The second of the three lenders, URenergy, LLC, obtained a judgment against the Company on March 31, 2014 for the amount of $204,143 plus attorneys’ fees and costs.  On August 25, 2014 the Company reached a settlement agreement with URenergy LLC whereby we paid $100,000 in cash, which was advanced by Minex, and issued 266,667 shares of our common stock valued $0.45 per share, or $120,000 for a full satisfaction of the judgment.  The Company recorded a loss of $70,000 to settle this forward contract. (See Note 8).
	The Company is continuing to negotiate with the third lender, Snowmass Mining Co., LLC, who is owed $250,000 (payable in cash or gold), together with interest thereon from September 15, 2013.  The Company has paid Snowmass the sum of $50,000 during the six months ended April 30, 2015.
	As of April 30, 2015, the value of the gold obligation to Snowmass is $250,000.  The difference between the amount received and the fair value of the obligation will be recorded as additional interest expense or income at each reporting date based on the fair value of gold.  During the three months ended April 30, 2015, the Company recorded additional interest expense of $57 for the change in the value of gold from April 30, 2014.
	During the twelve months ended October 31, 2014, the Company entered into a forward sales agreement for 48.563 oz. of gold bullion at $1,305 per oz. The Company has delivered 48 oz, of the gold bullion and recorded the fair value of the remaining 0.563 oz. of gold as a forward contract in the amount of $665. The spot price of gold was $1182.40 on April 30, 2015.
Revenue Recognition, Policy [Policy Text Block]	Revenue Recognition:   Revenue is recognized when persuasive evidence of an arrangement exists, delivery has occurred, the price is fixed or determinable, no obligations remain and collection is probable. The passing of title to the customer is based on the terms of the sales contract. Product pricing is determined at the point revenue is recognized by reference to active and freely traded commodity markets, for example the London Bullion Market for both gold and silver, in an identical form to the product sold.
Mineral Exploration and Development Costs, Policy, [Policy Text Block]	Mineral Exploration and Development Costs
	All exploration expenditures are expensed as incurred.  Significant property acquisition payments for active exploration properties are capitalized.  If no minable ore body is discovered, previously capitalized costs are expensed in the period the property is abandoned.  Expenditures to develop new mines, to define further mineralization in existing ore bodies, and to expand the capacity of operating mines, are capitalized and amortized on a unit of production basis over proven and probable reserves.
	Should a property be abandoned, its capitalized costs are charged to operations.  The Company charges to operations the allocable portion of capitalized costs attributable to properties abandoned.  Capitalized costs are allocated to properties sold based on the proportion of claims sold to the claims remaining within the project area.
Income Tax, Policy [Policy Text Block]	Provision for Income Taxes
	Income taxes are provided based upon the liability method of accounting. Under this approach, deferred income taxes are recorded to reflect the tax consequences in future years of differences between the tax basis of assets and liabilities and their financial reporting amounts at each year-end.  A valuation allowance is recorded against deferred tax assets if management does not believe the Company has met the “more likely than not” standard.
	Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amount used for income tax purposes.
Earnings Per Share, Policy [Policy Text Block]	Net Loss Per Share
	Basic loss per common share is computed by dividing net loss available to common shareholders by the weighted average number of shares of common stock outstanding for the periods presented.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	Stock-Based Compensation
	FASB ASC 718 establishes standards for the accounting for transactions in which an entity exchanges its equity instruments for goods or services, but primarily focuses on transactions whereby an entity obtains employee services for share-based payments. FASB ASC 718 requires that the compensation cost relating to share-based payment transactions be recognized in the consolidated financial statements. That cost will be measured based on the fair value of the equity or liability instruments issued. It also addresses transactions in which an entity incurs liabilities in exchange for goods or services that are based on the fair value of the entity’s equity instruments or that may be settled by the issuance of those equity instruments.
	The Company’s accounting policy for equity instruments issued to consultants and vendors in exchange for goods and services follows the provisions of FASB ASC 505-50 .  The measurement date for the fair value of the equity instruments issued is determined at the earlier of (i) the date at which a commitment for performance by the consultant or vendor is reached or (ii) the date at which the consultant or vendor’s performance is complete. In the case of equity instruments issued to consultants, the fair value of the equity instrument is recognized over the term of the consulting agreement. Stock-based compensation related to non-employees is accounted for based on the fair value of the related stock or options or the fair value of the services, whichever is more readily determinable in accordance with FASB ASC 718.
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements
	On April 10, 2014, the FASB issued Accounting Standards Update (ASU) No. 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, which changes the criteria for determining which disposals can be presented as discontinued operations and modifies related disclosure requirements. This standard was effective for the Company on January 1, 2015. The Company does not expect significant impact to the financial statements upon implementation of ASU No. 2014-08.
	On May 28, 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers, which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. ASU No. 2014-09 will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The new standard will be effective for the Company on November 1, 2017. Early application is not permitted. The Company is currently evaluating the impact of ASU No. 2014-09.
	On August 27, 2014, the FASB issued ASU No. 2014-15, Presentation of Financial Statements - Going Concern (subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern, which is intended to define management’s responsibility to evaluate whether there is substantial doubt about the Company’s ability to continue as a going concern and to provide related footnote disclosures. This standard will be effective for the Company for the year ending on October 31, 2016. Early application is permitted. The Company is currently evaluating the impact of ASU No. 2014-15.
	In June 2014, the FASB issued ASU No. 2014-10, which amended Accounting Standards Codification (ASC) Topic 915 Development Stage Entities. The amendment eliminates certain financial reporting requirements surrounding development stage entities, including an amendment to the variable interest entities guidance in ASC Topic 810, Consolidation. The amendment removes the definition of a development stage entity from the ASC, thereby removing the financial reporting distinction between development stage entities and other entities from U.S. GAAP. Consequently, the amendment eliminates the requirements for development stage entities to (1) present inception-to-date information in the statements of income, cash flows and shareholder equity, (2) label the financial statements as those of a development stage entity, (3) disclose a description of the development stage activities in which the entity is engaged, and (4) disclose the first year in which the entity is no longer a development stage entity that in prior years it had been in the development stage.
	This amendment is effective for fiscal years beginning after December 15, 2014, and interim periods therein. Early application of each of the amendments is permitted for any annual reporting period or interim period for which the entity’s financial statements have not yet been issued. The Company has made the election to early adopt this amendment effective June 30, 2014 and, as a result, the Company is no longer presenting or disclosing the information previously required under Topic 915. The early adoption was made to reduce data maintenance by removing all incremental financial reporting requirements for development stage entities. The adoption of this amendment alters the disclosure requirements of the Company, but it does not have any material impact on the Company’s financial position or results of operations for the current or any prior reporting periods.
	A variety of proposed or otherwise potential accounting standards are currently under study by standard setting organizations and various regulatory agencies. Due to the tentative and preliminary nature of those proposed standards, management has not determined whether implementation of such proposed standards would be material to the consolidated financial statements.

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES (Tables)	6 Months Ended
	Apr. 30, 2015
Accounting Policies [Abstract]
Fair Value, Liabilities Measured on Recurring Basis [Table Text Block]								Carrying Amount at
								April 30,
		Fair Value Measurements Using Inputs
	Financial Instruments	Level 1		Level 2		Level 3		2015
	Liabilities:
	Forward contract	$	-	$	250,665	$	-	$	250,665
	Derivative Instruments -Warrants	$	-	$	329,250	$	-	$	329,250
	Total	$	-	$	579,915	$	-	$	579,915
								Carrying Amount at
								October 31,
		Fair Value Measurements Using Inputs
	Financial Instruments	Level 1		Level 2		Level 3		2014
	Liabilities:
	Forward contract	$	-	$	300,659	$	-	$	300,659
	Derivative Instruments -Warrants	$	-	$	1,092,597	$	-	$	1,092,597
	Total	$	-	$	1,393,256	$	-	$	1,393,256
Schedule of Assumptions for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Table Text Block]		April 30,		October 31,
		2015		2014
	Market price and estimated fair value of common stock:	$	0.16	$	0.48
	Exercise price	$	0.13	$	0.38
	Expected term (years)		3		3.5
	Dividend yield		-		-
	Expected volatility		148.20%		174.20%
	Risk-free interest rate		0.91%		1.62%

EQUIPMENT_NET_Tables

EQUIPMENT, NET (Tables)	6 Months Ended
	Apr. 30, 2015
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]		Estimated
		Useful	April 30,		October 31,
		Lives	2015		2014
	Mining and other equipment	3-5 years	$	842,487	$	842,487
	Less: accumulated depreciation			-489,991		-401,925
	Mining and other equipment, Net		$	352,496	$	440,562

PROMISSORY_NOTES_Tables

PROMISSORY NOTES (Tables)	6 Months Ended
	Apr. 30, 2015
Debt Disclosure [Abstract]
Schedule of Short-term Debt [Table Text Block]		April 30,		October 31,
		2015		2014
	BOCO September 17, 2012 Promissory Note	$	1,852,115	$	1,852,115
	BOCO May 14, 2013 Promissory Note		500,000		500,000
	BOCO June 27, 2013 Promissory Note		500,000		500,000
	BOCO December 31, 2013 Promissory Note		1,000,000		1,000,000
	BOCO May 23, 2014 Promissory Note		100,000		100,000
	BOCO June 2, 2104 Promissory Note		200,000		200,000
	BOCO June 9, 2014 Promissory Note		100,000		100,000
	BOCO June 30, 2014 Promissory Note		100,000		100,000
	DessiDecember17, 2013 Promissory Note		1,000,000		1,000,000
	Andres Promissory Notes		200,000		200,000
	Silver Verde May Promissory Notes		31,133		31,133
	Total	$	5,583,248	$	5,583,248

EQUITY_TRANSACTIONS_Tables

EQUITY TRANSACTIONS (Tables)	6 Months Ended
	Apr. 30, 2015
Employee Stock Option [Member]
EQUITY TRANSACTIONS (Tables) [Line Items]
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]		30-Apr-15
				Weighted
				Average
				Exercise
		Shares		Price
	Outstanding as of October 31, 2014	1,000,000		$	0.5
	Issued	-			-
	Exercised	-			-
	Forfeited	-			-
	Expired	-			-
	Outstanding as of April 30, 2015	1,000,000		$	0.5
	Exercisable as of April 30, 2015	250,000			0.5
Schedule of Share-based Compensation, Activity [Table Text Block]		30-Apr-15
			Weighted		Weighted
			Average		Average
			Remaining		Exercise
	Number of						Shares
			Life		Price
	Options						Exercisable
	1,000,000		6.6		$	0.5	250,000
	1,000,000		6.6		$	0.5	250,000
Warrant [Member]
EQUITY TRANSACTIONS (Tables) [Line Items]
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]		30-Apr-15
				Weighted
				Average
		Shares		Exercise Price
	Outstanding as of October 31, 2014	13,108,880		$	1.15
	Issued	-			-
	Exercised	-			-
	Forfeited	-			-
	Expired	-1,769,101			1.425
	Outstanding as of April 30, 2015	11,339,779		$	1.107
	Exercisable as of April 30, 2015	11,339,779
Schedule of Other Share-based Compensation, Activity [Table Text Block]		30-Apr-15
			Weighted		Weighted
			Average		Average
			Remaining		Exercise
	Number of						Shares
			Life		Price
	Warrants						Exercisable
	1,480,000		2.66		$	0.25	1,480,000
	200,000		3.86		$	0.5	200,000
	3,600,000		2.57		$	0.75	3,600,000
	10,000		1.83		$	0.88	10,000
	406,746		1.69		$	1	406,746
	5,443,033		1.47		$	1.5	5,443,033
	200,000		6.55		$	4	200,000
	11,339,779				$	1.107	11,339,779

COMMITMENTS_CONTINGENCIES_AND_1

COMMITMENTS, CONTINGENCIES AND LEGAL PROCEEDINGS (Tables)	6 Months Ended
	Apr. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	Years ended October 31,	Total
	2015	$	132,775
	2016	$	170,372
	2017	$	171,382
	2018	$	137,000
	Beyond	$	137,000
	Total	$	748,529

BUSINESS_Details

BUSINESS (Details) (USD $)	0 Months Ended
	Feb. 12, 2014	Apr. 30, 2015	Oct. 31, 2014
BUSINESS (Details) [Line Items]
Interest Payable, Current		$2,308,316	$1,538,176
Acquisition of TMC Project [Member]
BUSINESS (Details) [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired	100.00%
Payments to Acquire Businesses, Gross	1,800,000
Stock Issued During Period, Shares, Acquisitions (in Shares)	200,000
General and Administrative Expense	2,100,000
BOCO Investments LLC [Member]
BUSINESS (Details) [Line Items]
Secured Debt		4,352,115
Interest Payable, Current		$2,161,097

SUMMARY_OF_SIGNIFICANT_ACCOUNT2

SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES (Details) (USD $)	2 Months Ended	3 Months Ended		6 Months Ended		0 Months Ended
	Jun. 30, 2013	Apr. 30, 2015	Apr. 30, 2014	Apr. 30, 2015	Apr. 30, 2014	Nov. 01, 2013	Aug. 25, 2014	Mar. 31, 2014	Oct. 31, 2014	Mar. 20, 2013	Sep. 15, 2013
SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES (Details) [Line Items]
Cash, FDIC Insured Amount		$250,000		$250,000
Inventory, Net		34,227		34,227					459,461
Accrued Reclamation Costs, Current		750		750
Proceeds from Notes Payable	1,000,000				2,000,000
Fair Value Adjustment of Warrants		226,750
Gain (Loss) on settlement of forward contract					-349,779
Derivative, Forward Price (in Dollars per Item)									1,305
Spot Price (in Dollars per Item)		1,182.40		1,182.40
Gold Obligation [Member]
SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES (Details) [Line Items]
Long-term Debt, Fair Value		250,000		250,000
Interest Expense, Debt		57
Common Stock [Member] | Warrant To Purchase Stock Agreement With BOCO [Member]
SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES (Details) [Line Items]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in Shares)		2,500,000		2,500,000
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share)		$0.75		$0.75
Common Stock, Threshold Price, Percentage		80.00%		80.00%
Warrant Expiration Period				5 years
Common Stock [Member] | Investor [Member]
SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES (Details) [Line Items]
Stock Issued During Period, Shares, New Issues (in Shares)						310,000
Shares Issued, Price Per Share (in Dollars per share)						$1.08
Stock Issued During Period, Value, New Issues						334,800
Warrant To Purchase Stock Agreement With BOCO [Member]
SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES (Details) [Line Items]
Loans Payable										600,000
Forward Contracts [Member]
SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES (Details) [Line Items]
Derivative Asset, Fair Value, Gross Asset		665		665
Investor [Member]
SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES (Details) [Line Items]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in Shares)						310,000
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share)						$1.50
Warrants and Rights Outstanding						279,899
Gain (Loss) on settlement of forward contract						349,779
URenergy LLC [Member] | Settled Litigation [Member]
SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES (Details) [Line Items]
Shares Issued, Price Per Share (in Dollars per share)							$0.45
Stock Issued During Period, Value, New Issues							120,000
Gain (Loss) on settlement of forward contract							70,000
Repayments of Related Party Debt							100,000
Stock Issued During Period, Shares, Issued for Services (in Shares)							266,667
URenergy LLC [Member]
SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES (Details) [Line Items]
Loss Contingency, Damages Awarded, Value								204,143
Snowmass Mining Co LLC [Member]
SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES (Details) [Line Items]
Due to Related Parties, Current											250,000
Payments for Loans				50,000
Inventories [Member]
SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES (Details) [Line Items]
Inventory, Net		$34,227		$34,227					$459,461
Minimum [Member]
SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES (Details) [Line Items]
Property, Plant and Equipment, Useful Life				3 years
Maximum [Member]
SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES (Details) [Line Items]
Property, Plant and Equipment, Useful Life				5 years

SUMMARY_OF_SIGNIFICANT_ACCOUNT3

SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES (Details) - Liabilities measured at fair value on a recurring basis (USD $)	Apr. 30, 2015	Oct. 31, 2014
Liabilities:
Financial Instruments, Fair Value	$579,915	$1,393,256
Forward Contracts [Member] | Fair Value, Inputs, Level 1 [Member]
Liabilities:
Financial Instruments, Fair Value
Forward Contracts [Member] | Fair Value, Inputs, Level 2 [Member]
Liabilities:
Financial Instruments, Fair Value	250,665	300,659
Forward Contracts [Member] | Fair Value, Inputs, Level 3 [Member]
Liabilities:
Financial Instruments, Fair Value
Forward Contracts [Member]
Liabilities:
Financial Instruments, Fair Value	250,665	300,659
Warrant [Member] | Fair Value, Inputs, Level 1 [Member]
Liabilities:
Financial Instruments, Fair Value
Warrant [Member] | Fair Value, Inputs, Level 2 [Member]
Liabilities:
Financial Instruments, Fair Value	329,250	1,092,597
Warrant [Member] | Fair Value, Inputs, Level 3 [Member]
Liabilities:
Financial Instruments, Fair Value
Warrant [Member]
Liabilities:
Financial Instruments, Fair Value	329,250	1,092,597
Fair Value, Inputs, Level 1 [Member]
Liabilities:
Financial Instruments, Fair Value
Fair Value, Inputs, Level 2 [Member]
Liabilities:
Financial Instruments, Fair Value	579,915	1,393,256
Fair Value, Inputs, Level 3 [Member]
Liabilities:
Financial Instruments, Fair Value

SUMMARY_OF_SIGNIFICANT_ACCOUNT4

SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES (Details) - Assumptions for fair value (USD $)	6 Months Ended	12 Months Ended
	Apr. 30, 2015	Oct. 31, 2014
Assumptions for fair value [Abstract]
Market price and estimated fair value of common stock: (in Dollars per share)	$0.16	$0.48
Exercise price (in Dollars per share)	$0.13	$0.38
Expected term (years)	3 years	3 years 6 months
Dividend yield
Expected volatility	148.20%	174.20%
Risk-free interest rate	0.91%	1.62%

AGREEMENTS_Details

AGREEMENTS (Details) (USD $)	6 Months Ended	0 Months Ended	12 Months Ended	0 Months Ended				13 Months Ended
	Apr. 30, 2015	1-May-15	Oct. 31, 2010	Mar. 23, 2011	Mar. 22, 2012	Mar. 22, 2011	Feb. 12, 2014	Oct. 31, 2014	Mar. 22, 2005
AGREEMENTS (Details) [Line Items]
Mining claims	$1,946,458							$1,946,458
Common Stock, Par or Stated Value Per Share (in Dollars per share)	$0.00							$0.00
Indefinite-Lived Contractual Rights	1,000,000							900,000
Capitalization of Claims Agreement	850,000
Subsequent Event [Member] | Amended Claims and Lease Agreement with Ben Porterfield [Member]
AGREEMENTS (Details) [Line Items]
Payments for Royalties		100,000
Payments for Rent		100,000
Share Exchange Agreement With TMC [Member]
AGREEMENTS (Details) [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired			100.00%
Stock Issued During Period, Shares, Acquisitions (in Shares)			1,500,000
Common Stock, Par or Stated Value Per Share (in Dollars per share)			$0.00
Stock Issued During Period, Value, Acquisitions			150,000
Amended Claims and Lease Agreement with Ben Porterfield [Member] | Ben Porterfield [Member]
AGREEMENTS (Details) [Line Items]
Payments for Rent				500,000
Amended Claims and Lease Agreement with Ben Porterfield [Member] | WMTN [Member]
AGREEMENTS (Details) [Line Items]
Stock Issued During Period, Shares, Issued for Services (in Shares)				500,000
Amended Claims and Lease Agreement with Ben Porterfield [Member] | 1% Of Production Royalty Right [Member]
AGREEMENTS (Details) [Line Items]
Payments for Royalties	1,000,000
Production Royalty Percentage	1.00%
Amended Claims and Lease Agreement with Ben Porterfield [Member] | Additional 1% of Production Royalty Right [Member]
AGREEMENTS (Details) [Line Items]
Payments for Royalties	3,000,000
Production Royalty Percentage	1.00%
Amended Claims and Lease Agreement with Ben Porterfield [Member]
AGREEMENTS (Details) [Line Items]
Payments for Royalties					100,000	100,000
Annual Royalty Payable	125,000
Amended Lease Agreement Termination, Settlement, Amount	875,000
Payments for Rent	75,000
Indefinite-Lived Contractual Rights				250,000
Contractual Right Per Share (in Dollars per share)				$0.50
Investment Contract Weight				200
Production Royalty Percentage									4.00%
Common Stock [Member] | Acquisition of TMC Project [Member]
AGREEMENTS (Details) [Line Items]
Equity, Fair Value Disclosure								136,000
Acquisition of TMC Project [Member]
AGREEMENTS (Details) [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired							100.00%
Payments to Acquire Businesses, Gross							1,800,000
Stock Issued During Period, Shares, Acquisitions (in Shares)							200,000	200,000
Mining claims								$1,800,000
Terra Gold Project [Member]
AGREEMENTS (Details) [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired							100.00%

EQUIPMENT_NET_Details

EQUIPMENT, NET (Details) (USD $)	3 Months Ended		6 Months Ended
	Apr. 30, 2015	Apr. 30, 2014	Apr. 30, 2015	Apr. 30, 2014
Property, Plant and Equipment [Abstract]
Depreciation	$44,033	$38,986	$88,065	$78,790

EQUIPMENT_NET_Details_Equipmen

EQUIPMENT, NET (Details) - Equipment (USD $)	6 Months Ended
	Apr. 30, 2015	Oct. 31, 2014
Property, Plant and Equipment [Line Items]
Mining and other equipment	842,487	$842,487
Less: accumulated depreciation	-489,991	-401,925
Mining and other equipment, Net	352,496	$440,562
Minimum [Member]
Property, Plant and Equipment [Line Items]
Mining and other equipment	3 years
Maximum [Member]
Property, Plant and Equipment [Line Items]
Mining and other equipment	5 years

CERTAIN_RELATIONS_AND_RELATED_1

CERTAIN RELATIONS AND RELATED PARTY TRANSACTIONS (Details) (USD $)	0 Months Ended	12 Months Ended	0 Months Ended	3 Months Ended	13 Months Ended
	Jan. 21, 2014	Oct. 31, 2011	26-May-15	Apr. 30, 2012	Oct. 31, 2014	Apr. 30, 2015	Jun. 27, 2013	Dec. 31, 2011
CERTAIN RELATIONS AND RELATED PARTY TRANSACTIONS (Details) [Line Items]
Debt Instrument, Face Amount							$500,000
Debt Instrument, Interest Rate, Stated Percentage							15.00%
Share Price (in Dollars per share)					$0.48	$0.16
WASM [Member]
CERTAIN RELATIONS AND RELATED PARTY TRANSACTIONS (Details) [Line Items]
Class of Warrant or Right, Unissued (in Shares)								925,000
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share)								$0.00
Class Of Warrant or Right Exercised in Period (in Shares)	52,000	873,000
Minex Exploration LLP [Member]
CERTAIN RELATIONS AND RELATED PARTY TRANSACTIONS (Details) [Line Items]
Accounts Payable and Accrued Liabilities, Related Parties, Current					670,106	665,202
Convertible Debt					671,870
Debt Conversion, Original Debt, Amount			5,598,917
SVM Notes [Member]
CERTAIN RELATIONS AND RELATED PARTY TRANSACTIONS (Details) [Line Items]
Convertible Debt						37,886
Debt Conversion, Original Debt, Amount			37,950
Debt Instrument, Face Amount				85,000
Debt Instrument, Interest Rate, Stated Percentage				5.00%
Debt Instrument, Convertible, Conversion Price (in Dollars per share)				$1
Stock Issued During Period, Shares, Restricted Stock Award, Gross (in Shares)				42,500
Share Price (in Dollars per share)				$1
Stock Issued During Period, Value, Restricted Stock Award, Gross				42,500
Repayments of Convertible Debt					$53,867
Debt Conversion, Converted Instrument, Shares Issued (in Shares)			316,250

PROMISSORY_NOTES_Details

PROMISSORY NOTES (Details) (USD $)

0 Months Ended

3 Months Ended

26-May-15

Dec. 31, 2013

1-May-15

Mar. 21, 2012

Apr. 30, 2012

Jun. 27, 2013

Sep. 11, 2012

Apr. 30, 2015

Sep. 17, 2012

14-May-13

Jan. 31, 2015

23-May-14

Jun. 02, 2014

Jun. 09, 2014

Dec. 17, 2013

PROMISSORY NOTES (Details) [Line Items]

Debt Instrument, Face Amount (in Dollars)

$500,000

Debt Instrument, Interest Rate, Stated Percentage

15.00%

BOCO September 17, 2012 Promissory Note [Member] | Warrant To Purchase Stock Agreement With BOCO [Member]

PROMISSORY NOTES (Details) [Line Items]

Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in Shares)

1,250,000

Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share)

$0.25

BOCO September 17, 2012 Promissory Note [Member] | Debt Modification Agreement [Member]

PROMISSORY NOTES (Details) [Line Items]

Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share)

0.05

BOCO September 17, 2012 Promissory Note [Member] | Debt Modification Agreement [Member]

PROMISSORY NOTES (Details) [Line Items]

Debt Instrument, Interest Rate, Stated Percentage

8.00%

Debt Instrument, Maturity Date

15-Nov-17

BOCO September 17, 2012 Promissory Note [Member]

PROMISSORY NOTES (Details) [Line Items]

Debt Instrument, Face Amount (in Dollars)

1,852,115

Debt Instrument, Interest Rate, Stated Percentage

18.00%

Debt Instrument, Convertible, Conversion Price (in Dollars per share)

$3

Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in Shares)

1,852,115

Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share)

$1.50

Debt Instrument, Principal and Accrued Interest Due (in Dollars)

2,662,885

BOCO May 14, 2013 Promissory Note [Member] | Warrant To Purchase Stock Agreement With BOCO [Member]

PROMISSORY NOTES (Details) [Line Items]

Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in Shares)

1,250,000

Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share)

$0.75

Common Stock, Threshold Price, Percentage

80.00%

BOCO May 14, 2013 Promissory Note [Member] | Debt Modification Agreement [Member]

PROMISSORY NOTES (Details) [Line Items]

Debt Instrument, Interest Rate, Stated Percentage

8.00%

Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share)

0.05

Debt Instrument, Maturity Date

15-Nov-15

BOCO May 14, 2013 Promissory Note [Member]

PROMISSORY NOTES (Details) [Line Items]

Debt Instrument, Face Amount (in Dollars)

500,000

Debt Instrument, Interest Rate, Stated Percentage

15.00%

Debt Instrument, Principal and Accrued Interest Due (in Dollars)

873,151

Debt Instrument, Interest Rate, Effective Percentage

45.00%

BOCO June 27, 2013 Promissory Note [Member] | Warrant To Purchase Stock Agreement With BOCO [Member]

PROMISSORY NOTES (Details) [Line Items]

Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in Shares)

1,250,000

Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share)

$0.75

Common Stock, Threshold Price, Percentage

80.00%

BOCO June 27, 2013 Promissory Note [Member] | Debt Modification Agreement [Member]

PROMISSORY NOTES (Details) [Line Items]

Debt Instrument, Interest Rate, Stated Percentage

8.00%

Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share)

0.05

Debt Instrument, Maturity Date

15-Nov-16

BOCO June 27, 2013 Promissory Note [Member]

PROMISSORY NOTES (Details) [Line Items]

Debt Instrument, Principal and Accrued Interest Due (in Dollars)

837,603

Debt Instrument, Interest Rate, Effective Percentage

45.00%

BOCO December 31, 2013 Promissory Note [Member] | Debt Modification Agreement [Member]

PROMISSORY NOTES (Details) [Line Items]

Debt Instrument, Interest Rate, Stated Percentage

8.00%

Debt Instrument, Maturity Date

15-Nov-16

BOCO December 31, 2013 Promissory Note [Member]

PROMISSORY NOTES (Details) [Line Items]

Debt Instrument, Interest Rate, Stated Percentage

8.00%

Debt Instrument, Principal and Accrued Interest Due (in Dollars)

1,466,657

Debt Instrument, Interest Rate, Effective Percentage

45.00%

Bridge Loan (in Dollars)

1,000,000

Proceeds from Loans (in Dollars)

800,000

Business Acquisition, Percentage of Voting Interests Acquired

100.00%

BOCO May 23, 2014 Promissory Note [Member] | Debt Modification Agreement [Member]

PROMISSORY NOTES (Details) [Line Items]

Debt Instrument, Interest Rate, Stated Percentage

8.00%

Debt Instrument, Maturity Date

15-Nov-15

BOCO May 23, 2014 Promissory Note [Member]

PROMISSORY NOTES (Details) [Line Items]

Debt Instrument, Face Amount (in Dollars)

100,000

Debt Instrument, Interest Rate, Stated Percentage

15.00%

Debt Instrument, Principal and Accrued Interest Due (in Dollars)

135,208

BOCO June 2, 2014 Promissory Note [Member] | Debt Modification Agreement [Member]

PROMISSORY NOTES (Details) [Line Items]

Debt Instrument, Interest Rate, Stated Percentage

8.00%

BOCO June 2, 2014 Promissory Note [Member]

PROMISSORY NOTES (Details) [Line Items]

Debt Instrument, Face Amount (in Dollars)

200,000

Debt Instrument, Interest Rate, Stated Percentage

15.00%

Debt Instrument, Principal and Accrued Interest Due (in Dollars)

269,583

Debt Instrument, Interest Rate, Effective Percentage

45.00%

BOCO June 30, 2014 Promissory Note [Member] | Debt Modification Agreement [Member]

PROMISSORY NOTES (Details) [Line Items]

Debt Instrument, Interest Rate, Stated Percentage

8.00%

BOCO June 30, 2014 Promissory Note [Member]

PROMISSORY NOTES (Details) [Line Items]

Debt Instrument, Face Amount (in Dollars)

100,000

Debt Instrument, Interest Rate, Stated Percentage

15.00%

Debt Instrument, Principal and Accrued Interest Due (in Dollars)

133,625

Debt Instrument, Interest Rate, Effective Percentage

45.00%

45.00%

BOCO June 9, 2014 Promissory Note [Member] | Debt Modification Agreement [Member]

PROMISSORY NOTES (Details) [Line Items]

Debt Instrument, Interest Rate, Stated Percentage

8.00%

BOCO June 9, 2014 Promissory Note [Member]

PROMISSORY NOTES (Details) [Line Items]

Debt Instrument, Face Amount (in Dollars)

100,000

Debt Instrument, Interest Rate, Stated Percentage

15.00%

Debt Instrument, Principal and Accrued Interest Due (in Dollars)

134,500

Debt Instrument, Interest Rate, Effective Percentage

45.00%

Dessi December 17, 2013 Promissory Note [Member] | Debt Modification Agreement [Member]

PROMISSORY NOTES (Details) [Line Items]

Debt Instrument, Maturity Date

16-Dec-16

Dessi December 17, 2013 Promissory Note [Member]

PROMISSORY NOTES (Details) [Line Items]

Debt Instrument, Interest Rate, Stated Percentage

8.00%

Debt Instrument, Principal and Accrued Interest Due (in Dollars)

1,109,370

Bridge Loan (in Dollars)

1,000,000

Business Acquisition, Percentage of Voting Interests Acquired

100.00%

Fabin Andres [Member]

PROMISSORY NOTES (Details) [Line Items]

Debt Instrument, Face Amount (in Dollars)

100,000

Bill Andres [Member]

PROMISSORY NOTES (Details) [Line Items]

Debt Instrument, Face Amount (in Dollars)

100,000

Andres Promissory Notes [Member]

PROMISSORY NOTES (Details) [Line Items]

Debt Instrument, Interest Rate, Stated Percentage

5.00%

Debt Instrument, Convertible, Conversion Price (in Dollars per share)

$1

$1

Debt Instrument, Principal and Accrued Interest Due (in Dollars)

231,096

Stock Issued During Period, Shares, Restricted Stock Award, Gross (in Shares)

50,000

Interest Expense, Debt (in Dollars)

$100,000

PROMISSORY_NOTES_Details_Promi

PROMISSORY NOTES (Details) - Promissory Notes Outstanding (USD $)	Apr. 30, 2015	Oct. 31, 2014
Short-term Debt [Line Items]
Promissory Note	$5,583,248	$5,583,248
BOCO September 17, 2012 Promissory Note [Member]
Short-term Debt [Line Items]
Promissory Note	1,852,115	1,852,115
BOCO May 14, 2013 Promissory Note [Member]
Short-term Debt [Line Items]
Promissory Note	500,000	500,000
BOCO June 27, 2013 Promissory Note [Member]
Short-term Debt [Line Items]
Promissory Note	500,000	500,000
BOCO December 31, 2013 Promissory Note [Member]
Short-term Debt [Line Items]
Promissory Note	1,000,000	1,000,000
BOCO May 23, 2014 Promissory Note [Member]
Short-term Debt [Line Items]
Promissory Note	100,000	100,000
BOCO June 2, 2014 Promissory Note [Member]
Short-term Debt [Line Items]
Promissory Note	200,000	200,000
BOCO June 9, 2014 Promissory Note [Member]
Short-term Debt [Line Items]
Promissory Note	100,000	100,000
BOCO June 30, 2014 Promissory Note [Member]
Short-term Debt [Line Items]
Promissory Note	100,000	100,000
Dessi December 17, 2013 Promissory Note [Member]
Short-term Debt [Line Items]
Promissory Note	1,000,000	1,000,000
Andres Promissory Notes [Member]
Short-term Debt [Line Items]
Promissory Note	200,000	200,000
Silver Verde May Promissory Notes [Member]
Short-term Debt [Line Items]
Promissory Note	$31,133	$31,133

EQUITY_TRANSACTIONS_Details

EQUITY TRANSACTIONS (Details) (USD $)	3 Months Ended		6 Months Ended		0 Months Ended
	Apr. 30, 2015	Apr. 30, 2014	Apr. 30, 2015	Apr. 30, 2014	Sep. 08, 2014
EQUITY TRANSACTIONS (Details) [Line Items]
Gain (Loss) on settlement of forward contract				($349,779)
Stock or Unit Option Plan Expense	61,340		61,340
Employee Stock Option [Member] | Common Stock [Member]
EQUITY TRANSACTIONS (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period					1,000,000
Shares Issued, Price Per Share					$0.50
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period					7 years
Employee Stock Option [Member]
EQUITY TRANSACTIONS (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares					250,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number					250,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value					490,714
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term					7 years
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate					175.80%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate					2.16%
Gain (Loss) on settlement of forward contract	$30,670

EQUITY_TRANSACTIONS_Details_Su

EQUITY TRANSACTIONS (Details) - Summary of warrants (Warrant [Member], USD $)	6 Months Ended
	Apr. 30, 2015
Warrant [Member]
Class of Warrant or Right [Line Items]
Outstanding as of October 31, 2014	13,108,880
Outstanding as of October 31, 2014 (in Dollars per share)	$1.15
Issued
Issued (in Dollars per share)
Exercised
Exercised (in Dollars per share)
Forfeited
Forfeited (in Dollars per share)
Expired	-1,769,101
Expired (in Dollars per share)	$1.43
Outstanding as of April 30, 2015	11,339,779
Outstanding as of April 30, 2015 (in Dollars per share)	$1.11
Exercisable as of April 30, 2015	11,339,779

EQUITY_TRANSACTIONS_Details_Wa

EQUITY TRANSACTIONS (Details) - Warrants Activities (Warrant [Member], USD $)	6 Months Ended
	Apr. 30, 2015
EQUITY TRANSACTIONS (Details) - Warrants Activities [Line Items]
Number of Warrants	11,339,779
Warrants, Weighted Average Exercise Price (in Dollars per share)	$1.11
Number of Warrants, Exercisable	11,339,779
Exercise Price $0.25 [Member]
EQUITY TRANSACTIONS (Details) - Warrants Activities [Line Items]
Number of Warrants	1,480,000
Warrants, Weighted Average Remaining Life	2 years 240 days
Warrants, Weighted Average Exercise Price (in Dollars per share)	$0.25
Number of Warrants, Exercisable	1,480,000
Exercise Price $0.50 [Member]
EQUITY TRANSACTIONS (Details) - Warrants Activities [Line Items]
Number of Warrants	200,000
Warrants, Weighted Average Remaining Life	3 years 313 days
Warrants, Weighted Average Exercise Price (in Dollars per share)	$0.50
Number of Warrants, Exercisable	200,000
Exercise Price $0.75 [Member]
EQUITY TRANSACTIONS (Details) - Warrants Activities [Line Items]
Number of Warrants	3,600,000
Warrants, Weighted Average Remaining Life	2 years 208 days
Warrants, Weighted Average Exercise Price (in Dollars per share)	$0.75
Number of Warrants, Exercisable	3,600,000
Exercise Price $0.88 [Member]
EQUITY TRANSACTIONS (Details) - Warrants Activities [Line Items]
Number of Warrants	10,000
Warrants, Weighted Average Remaining Life	1 year 302 days
Warrants, Weighted Average Exercise Price (in Dollars per share)	$0.88
Number of Warrants, Exercisable	10,000
Exercise Price $1.00 [Member]
EQUITY TRANSACTIONS (Details) - Warrants Activities [Line Items]
Number of Warrants	406,746
Warrants, Weighted Average Remaining Life	1 year 251 days
Warrants, Weighted Average Exercise Price (in Dollars per share)	$1
Number of Warrants, Exercisable	406,746
Exercise Price $1.50 [Member]
EQUITY TRANSACTIONS (Details) - Warrants Activities [Line Items]
Number of Warrants	5,443,033
Warrants, Weighted Average Remaining Life	1 year 171 days
Warrants, Weighted Average Exercise Price (in Dollars per share)	$1.50
Number of Warrants, Exercisable	5,443,033
Exercise Price $4.00 [Member]
EQUITY TRANSACTIONS (Details) - Warrants Activities [Line Items]
Number of Warrants	200,000
Warrants, Weighted Average Remaining Life	6 years 200 days
Warrants, Weighted Average Exercise Price (in Dollars per share)	$4
Number of Warrants, Exercisable	200,000

EQUITY_TRANSACTIONS_Details_Su1

EQUITY TRANSACTIONS (Details) - Summary of options (Employee Stock Option [Member], USD $)	6 Months Ended
	Apr. 30, 2015
Employee Stock Option [Member]
EQUITY TRANSACTIONS (Details) - Summary of options [Line Items]
Outstanding as of October 31, 2014	1,000,000
Outstanding as of October 31, 2014	$0.50
Issued
Issued
Exercised
Exercised
Forfeited
Forfeited
Expired
Expired
Outstanding as of April 30, 2015	1,000,000
Outstanding as of April 30, 2015	$0.50
Exercisable as of April 30, 2015	250,000
Exercisable as of April 30, 2015	$0.50

EQUITY_TRANSACTIONS_Details_Op

EQUITY TRANSACTIONS (Details) - Option Activities (Employee Stock Option [Member], USD $)	6 Months Ended
	Apr. 30, 2015
EQUITY TRANSACTIONS (Details) - Option Activities [Line Items]
Number of Options	1,000,000
Options, Weighted Average Remaining Life	6 years 219 days
Options, Weighted Average Exercise Price (in Dollars per share)	$0.50
Number of Options, Exercisable	250,000
Exercise Price $0.50 [Member]
EQUITY TRANSACTIONS (Details) - Option Activities [Line Items]
Number of Options	1,000,000
Options, Weighted Average Remaining Life	6 years 219 days
Options, Weighted Average Exercise Price (in Dollars per share)	$0.50
Number of Options, Exercisable	250,000

COMMITMENTS_CONTINGENCIES_AND_2

COMMITMENTS, CONTINGENCIES AND LEGAL PROCEEDINGS (Details) (USD $)	0 Months Ended
	Oct. 01, 2010	Nov. 14, 2013	Nov. 01, 2013	Sep. 15, 2014
Emloyment Agreement of TMC with Gregory Schifrin [Member]
COMMITMENTS, CONTINGENCIES AND LEGAL PROCEEDINGS (Details) [Line Items]
Officers' Compensation	$120,000
Employee Benefit Programs, Vacation Per Year	28 days
Employment Benefit Programs, Per Day Expense on Project Sites	500
Resignation Notice Period	60 days
Employment Agreement With Loni Knepper [Member]
COMMITMENTS, CONTINGENCIES AND LEGAL PROCEEDINGS (Details) [Line Items]
Officers' Compensation			105,000
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period		50,000
Shares Issued, Price Per Share		$1
Employment Agreement With James W Creamer [Member]
COMMITMENTS, CONTINGENCIES AND LEGAL PROCEEDINGS (Details) [Line Items]
Officers' Compensation				$96,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures				1,000,000
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price				$0.50
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares				250,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number				250,000

COMMITMENTS_CONTINGENCIES_AND_3

COMMITMENTS, CONTINGENCIES AND LEGAL PROCEEDINGS (Details) - Future minimum lease payments (USD $)	Oct. 31, 2014
Future minimum lease payments [Abstract]
2015	$132,775
2016	170,372
2017	171,382
2018	137,000
Beyond	137,000
Total	$748,529

SUBSEQUENT_EVENTS_Details

SUBSEQUENT EVENTS (Details) (USD $)	0 Months Ended
	26-May-15	27-May-15	1-May-15	Jun. 27, 2013
SUBSEQUENT EVENTS (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage				15.00%
Subsequent Event [Member] | Common Stock [Member] | Loan Modification Agreement [Member] | BOCO [Member]
SUBSEQUENT EVENTS (Details) [Line Items]
Debt Conversion, Converted Instrument, Amount	$2,221,159
Debt Conversion, Original Debt, Amount	300,000
Debt Instrument, Convertible, Conversion Price (in Dollars per share)	$0.12
Debt Conversion, Converted Instrument, Shares Issued (in Shares)	21,009,658
Subsequent Event [Member] | Common Stock [Member] | Loan Modification Agreement [Member] | Minex Exploration LLP [Member]
SUBSEQUENT EVENTS (Details) [Line Items]
Debt Conversion, Converted Instrument, Amount	671,870
Debt Instrument, Convertible, Conversion Price (in Dollars per share)	$0.12
Debt Conversion, Converted Instrument, Shares Issued (in Shares)	5,598,917
Subsequent Event [Member] | Common Stock [Member] | Loan Modification Agreement [Member] | Silver Verde May Mining Company [Member]
SUBSEQUENT EVENTS (Details) [Line Items]
Debt Conversion, Converted Instrument, Amount	37,950
Debt Instrument, Convertible, Conversion Price (in Dollars per share)	$0.12
Debt Conversion, Converted Instrument, Shares Issued (in Shares)	316,250
Subsequent Event [Member] | Common Stock [Member] | Loan Modification Agreement [Member]
SUBSEQUENT EVENTS (Details) [Line Items]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in Shares)	2,000,000
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share)	$0.01
Subsequent Event [Member] | Warrant [Member] | Loan Modification Agreement [Member] | BOCO [Member]
SUBSEQUENT EVENTS (Details) [Line Items]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in Shares)	4,886,615
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share)	$0.05
Warrants Exercises during the Period (in Shares)		6,886,615
Proceeds from Warrant Exercises		264,331
Subsequent Event [Member] | Loan Modification Agreement [Member] | Guiseppe Dessi [Member]
SUBSEQUENT EVENTS (Details) [Line Items]
Debt Instrument, Periodic Payment, Principal	1,000,000
Debt Instrument, Maturity Date	14-Dec-16
Subsequent Event [Member] | Loan Modification Agreement [Member] | BOCO [Member] | Promissory Note Payable on October 1, 2015 [Member]
SUBSEQUENT EVENTS (Details) [Line Items]
Debt Instrument, Periodic Payment	100,000
Subsequent Event [Member] | Loan Modification Agreement [Member] | BOCO [Member] | Promissory Notes Payable on November 15, 2015 [Member]
SUBSEQUENT EVENTS (Details) [Line Items]
Debt Instrument, Periodic Payment	700,000
Subsequent Event [Member] | Loan Modification Agreement [Member] | BOCO [Member] | Promissory Notes Payable on November 15, 2016 [Member]
SUBSEQUENT EVENTS (Details) [Line Items]
Debt Instrument, Periodic Payment	1,500,000
Subsequent Event [Member] | Loan Modification Agreement [Member] | BOCO [Member] | Promissory Notes Payable on November 15, 2017 [Member]
SUBSEQUENT EVENTS (Details) [Line Items]
Debt Instrument, Periodic Payment	1,852,115
Subsequent Event [Member] | Loan Modification Agreement [Member] | BOCO [Member]
SUBSEQUENT EVENTS (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	150,000
Subsequent Event [Member] | Guiseppe Dessi [Member]
SUBSEQUENT EVENTS (Details) [Line Items]
Notes Payable, Related Parties			1,000,000
Subsequent Event [Member] | Ben Porterfield [Member]
SUBSEQUENT EVENTS (Details) [Line Items]
Repayments of Notes Payable			100,000
Subsequent Event [Member] | BOCO [Member]
SUBSEQUENT EVENTS (Details) [Line Items]
Increase (Decrease) in Notes Payable, Related Parties, Current			100,000
Debt Instrument, Interest Rate, Stated Percentage			8.00%
Minex Exploration LLP [Member]
SUBSEQUENT EVENTS (Details) [Line Items]
Debt Conversion, Original Debt, Amount	$5,598,917