My City Builders (MYCB) 10-K 30 Oct 17 2017 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Jul. 31, 2017	Oct. 30, 2017	Jan. 31, 2017
Document and Entity Information [Abstract]
Entity Registrant Name	DIAMANTE MINERALS, INC.
Entity Central Index Key	1,556,801
Trading Symbol	dimn
Current Fiscal Year End Date	--07-31
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Smaller Reporting Company
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding		52,042,286
Entity Public Float			$ 0
Document Type	10-K
Document Period End Date	Jul. 31, 2017
Amendment Flag	false
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY

Balance Sheets

Balance Sheets - USD ($)	Jul. 31, 2017	Jul. 31, 2016
Current Assets
Cash	$ 197,190	$ 390,660
Prepaid expense	1,450	260
Total Current Assets	198,640	390,920
Prepaid Investment (Note 3)		7,992,000
TOTAL ASSETS	198,640	8,382,920
Current Liabilities
Accounts payable and accrued liabilities	24,218	60,169
Due to related party (Note 4)	683,427	756,997
Total Current Liabilities	707,645	817,166
STOCKHOLDERS' EQUITY (DEFICIENCY)
Capital Stock, par value $0.001, 300,000,000 shares authorized, 52,042,286 (July 31, 2016-52,042,286) shares issued and outstanding, respectively (Note 5)	52,042	52,042
Additional paid-in capital (Note 5)	8,954,269	8,954,269
Accumulated deficit	(9,515,316)	(1,440,557)
Total Stockholders' Equity (Deficiency)	(509,005)	7,565,754
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY)	198,640	8,382,920
Commitments and contingencies (Note 6)

Balance Sheets (Parentheticals)

Balance Sheets (Parentheticals) - $ / shares	Jul. 31, 2017	Jul. 31, 2016
Statement Of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	300,000,000	300,000,000
Common stock, shares issued	52,042,286	52,042,286
Common stock, shares outstanding	52,042,286	52,042,286

Statements of Operations

Statements of Operations - USD ($)	12 Months Ended
	Jul. 31, 2017	Jul. 31, 2016
OPERATING EXPENSES
General and administrative	$ 27,107	$ 35,857
Management fees (recovery)	(73,570)	602,241
Professional fees	130,265	110,555
(Recovery of) tax filing penalties (Note 7)	(30,000)	30,000
TOTAL OPERATING EXPENSES	53,802	778,653
LOSS FROM OPERATIONS	(53,802)	(778,653)
OTHER INCOME AND LOSS
Write off of acquisition costs and investment (Note 3)	(8,022,000)
Derivative - change in fair value (Note 8)		(215,000)
Interest income	1,043
TOTAL OTHER INCOME AND LOSS	(8,020,957)	(215,000)
LOSS BEFORE INCOME TAXES	(8,074,759)	(993,653)
Provision for income taxes	0	0
LOSS FOR THE YEAR	$ (8,074,759)	$ (993,653)
Basic and Diluted Loss per Common Share (in dollars per share)	$ (0.16)	$ (0.02)
Basic and Diluted Weighted Average Common Shares Outstanding (in shares)	52,042,286	52,042,286

Statements of Changes in Stockh

Statements of Changes in Stockholders' Equity (Deficiency) - USD ($)	Capital Stock	Additional Paid in Capital	Accumulated Deficit	Total
Balance at Jul. 31, 2015	$ 52,042	$ 14,145,391	$ (5,638,026)	$ 8,559,407
Balance (in shares) at Jul. 31, 2015	52,042,286
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reserves transferred on expired share-based expenses (Note 5)		(5,191,122)	5,191,122
Loss for the year			(993,653)	(993,653)
Balance at Jul. 31, 2016	$ 52,042	8,954,269	(1,440,557)	$ 7,565,754
Balance (in shares) at Jul. 31, 2016	52,042,286			52,042,286
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Loss for the year			(8,074,759)	$ (8,074,759)
Balance at Jul. 31, 2017	$ 52,042	$ 8,954,269	$ (9,515,316)	$ (509,005)
Balance (in shares) at Jul. 31, 2017	52,042,286			52,042,286

Statements of Cash Flows

Statements of Cash Flows - USD ($)	12 Months Ended
	Jul. 31, 2017	Jul. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES
Loss for the year	$ (8,074,759)	$ (993,653)
Adjustments to reconcile loss to net cash used by operating activities:
Write off of acquisition costs	7,992,000
Write off of minority equity interest	30,000
Derivative - change in fair value		215,000
Changes in operating assets and liabilities:
Increase in prepaid expenses	(1,190)	(260)
Increase (decrease) in accounts payable and accrued liabilities	(35,951)	47,946
Increase (decrease) in due to related parties	(73,570)	602,241
Net cash used in operating activities	(163,470)	(128,726)
CASH FLOWS FROM FINANCING ACTIVITIES
Net cash provided by financing activities	0	0
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of minority equity investment	(30,000)
Loan receivable funds advanced		(215,000)
Net cash used in investing activities	(30,000)	(215,000)
Net change in cash	(193,470)	(343,726)
Cash, beginning of year	390,660	734,386
Cash, end of year	197,190	390,660
Supplement Cash Flow Disclosures:
Cash paid for interest	0	0
Cash paid for income taxes	$ 0	$ 0

ORGANIZATION AND BUSINESS OPERA

ORGANIZATION AND BUSINESS OPERATIONS	12 Months Ended
	Jul. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND BUSINESS OPERATIONS	NOTE 1 - ORGANIZATION AND BUSINESS OPERATIONS Diamante Minerals, Inc. (“the Company”) was incorporated under the laws of the State of Nevada, U.S. on October 26, 2010. The Company is in the business of acquiring and exploring mineral properties. The Company has not generated any revenue to date. For the period from inception on October 26, 2010 to July 31, 2017, the Company has accumulated losses of $9,515,316.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Jul. 31, 2017
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The Financial Statements and related disclosures have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC"). The Financial Statements have been prepared using the accrual basis of accounting in accordance with Generally Accepted Accounting Principles ("GAAP") of the United States. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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 amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. The Company's periodic filings with the SEC include, where applicable, disclosures of estimates, assumptions, uncertainties and markets that could affect the financial statements and future operations of the Company. Fiscal Period The Company's fiscal year end is July 31. Fair value of financial instruments The Company measures the fair value of financial assets and liabilities based on US GAAP guidance which defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. The Company classifies financial assets and liabilities as held-for-trading, available-for-sale, held-to-maturity, loans and receivables or other financial liabilities depending on their nature. Financial assets and financial liabilities are recognized at fair value on their initial recognition, except for those arising from certain related party transactions which are accounted for at the transferor’s carrying amount or exchange amount. Financial assets and liabilities classified as held-for-trading are measured at fair value, with gains and losses recognized in net income. Financial assets classified as held-to-maturity, loans and receivables, and financial liabilities other than those classified as held-for-trading are measured at amortized cost, using the effective interest method of amortization. Financial assets classified as available-for-sale are measured at fair value, with unrealized gains and losses being recognized as other comprehensive income until realized, or if an unrealized loss is considered other than temporary, the unrealized loss is recorded in income. Financial instruments, including accounts payable and accrued liabilities are carried at amortized cost, which management believes approximates fair value due to the short term nature of these instruments. The following table presents information about the assets that are measured at fair value on a recurring basis as at July 31, 2017, and indicates the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value. In general, fair values determined by Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical assets. Fair values determined by Level 2 inputs utilize data points that are observable such as quoted prices, interest rates and yield curves. Fair values determined by Level 3 inputs are unobservable data points for the asset or liability, and included situations where there is little, if any, market activity for the asset: Quoted Prices in Significant Other Significant Active Markets Observable Inputs Unobservable Inputs July 31, 2017 (Level 1) (Level 2) (Level3) Assets: Cash $ 197,190 $ 197,190 $ - $ - Derivative asset - - - - Total $ 197,190 $ 197,190 $ - $ - While it currently has $nil value, the Company’s derivative asset (note 8) represents a Level 3 asset. Share-based expenses ASC 718 “Compensation – Stock Compensation” prescribes accounting and reporting standards for all share-based payment transactions in which employee services are acquired. Transactions include incurring liabilities, or issuing or offering to issue shares, options, and other equity instruments such as employee stock ownership plans and stock appreciation rights. Share-based payments to employees, including grants of employee stock options, are recognized as compensation expense in the financial statements based on their fair values. That expense is recognized over the period during which an employee is required to provide services in exchange for the award, known as the requisite service period (usually the vesting period). If options expire unexercised, any amounts vested and previously recorded are reclassified to deficit. The Company accounts for stock-based compensation issued to non-employees and consultants in accordance with the provisions of ASC 505-50, “Equity – Based Payments to Non-Employees.” Measurement of share-based payment transactions with non-employees is based on the fair value of whichever is more reliably measurable: (a) the goods or services received; or (b) the equity instruments issued. The fair value of the share-based payment transaction is determined at the earlier of performance commitment date or performance completion date. Income Taxes The Company provides for income taxes under ASC 740, Accounting for Income Taxes. ASC 740 requires the use of an asset and liability approach in accounting for income taxes. Deferred tax assets and liabilities are recorded based on the differences between the financial statement and tax bases of assets and liabilities and the tax rates in effect when these differences are expected to reverse. ASC 740 requires the reduction of deferred tax assets by a valuation allowance if, based on the weight of available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized. Concentrations of Credit Risk The Company's financial instruments that are exposed to concentrations of credit risk primarily consist of its cash and related party payables it will likely incur in the near future. The Company places its cash with financial institutions of high credit worthiness. At times, its cash balance with a particular financial institution may exceed any applicable government insurance limits. The Company's management plans to assess the financial strength and credit worthiness of any parties to which it extends funds, and as such, it believes that any associated credit risk exposures are limited. Net Loss Per Share of Capital Stock In the accompanying financial statements, basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of capital stock outstanding during the period. Recent Accounting Pronouncements In November 2015, FASB issued Accounting Standards Update (ASU) No, 201517 Income Taxes – Balance Sheet Classification of Deferred Taxes. To simplify the presentation of deferred income taxes, the amendments in this update require that deferred tax liabilities and assets be classified as noncurrent in a classified statement of financial position. The current requirement that deferred tax liabilities and assets of a tax-paying component of an entity be offset and presented as a single amount is not affected by the amendments in the update. This update is effective for fiscal years and interim periods within those fiscal years, beginning after December 15, 2016. Early application is permitted. Management has reviewed the ASU and believes there will be no significant impact on the Company's financial statements. In January 2016, FASB issued Accounting Standards Update (ASU) No. 201601 Financial Instruments – Recognition and Measurement of Financial Assets and Financial Liabilities. The amendments in this Update make targeted improvements to generally accepted accounting principles (GAAP) as follows: · Require equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. However, an entity may choose to measure equity investments that do not have readily determinable fair values at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. · Simplify the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment. When a qualitative assessment indicates that impairment exists, an entity is required to measure the investment at fair value. · Eliminate the requirement to disclose the fair value of financial instruments measured at amortized cost for entities that are not public business entities. · Eliminate the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet. · Require public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes. · Require an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. · Require separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (that is, securities or loans and receivables) on the balance sheet or the accompanying notes to the financial statements. · Clarify that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity’s other deferred tax assets. This update is effective for fiscal years and interim periods within those fiscal years, beginning after December 15, 2017. Early application is permitted. Management has reviewed the ASU and believes there will be no significant impact on the Company's financial statements. In February 2016, FASB issued Accounting Standards Update (ASU) No. 201602 Leases. The main difference of the update is the recognition of lease assets and lease liabilities by lessees for those leases classified as operating leases under previous GAAP. Under this update, lessees will now be required to recognize the assets and liabilities arising from leases on the balance sheet. The economics of leases can vary for a lessee and those economics should be reflected in the financial statements; as such a distinction between finance leases and operating leases has been retained. The classification criteria for distinguishing between finance leases and operating leases are substantially similar to the classification criteria for distinguishing between capital leases and operating leases in the previous leases guidance. This update is effective for fiscal years and interim periods within those fiscal years, beginning after December 15, 2018. Early application is permitted. Management has reviewed the ASU and believes there will be no significant impact on the Company's financial statements. In March 2016, FASB issued Accounting Standards Update (ASU) No. 201609 Stock Based Compensation – Improvements to Employee Share-Based Payment Accounting. Under this standard, all excess tax benefits and tax deficiencies (including tax benefits of dividends on share-based payment awards) should be recognized as income tax expense or benefit in the income statements. The tax effects of exercised or vested awards should be treated as discrete items in the reporting period in which they occur. An entity should also recognize excess tax benefits regardless of whether the benefit reduces taxes payable in the current period. This update is effective for fiscal years and interim periods within those fiscal years, beginning after December 15, 2016. Early application is permitted. Management has reviewed the ASU and believes there will be no significant impact on the Company's financial statements. In August 2016, FASB issued Accounting Standards Updated (ASU) No. 201615 Statement of Cash Flows – Classification of Certain Cash Receipts and Cash Payments. This updated addresses eight specific cash flows issues with the objective of reducing the existing diversity in practice. · Debt prepayment or debt extinguishment costs · Settlement of zero-coupon debt instruments or other debt instruments with coupon interest rates that are insignificant in relation to the effective interest rate of the borrowing · Contingent consideration payments made after a business combination · Proceeds from the settlement of insurance claims · Proceeds from the settlement of corporate-owned life insurance policies, including bank-owned life insurance policies · Distributions received from equity method investees · Beneficial interests in securitization transactions · Separate identifiable cash flows and application of the predominance principle This update is effective for fiscal years and interim periods within those fiscal years, beginning after December 15, 2017. Early application is permitted. In May 2017, FASB issued Accounting Standards Update (ASU) No. 201709 Compensation – Stock compensation. The Board is issuing this Update to provide clarity and reduce both (1) diversity in practice and (2) cost and complexity when applying the guidance in Topic 718, Compensation—Stock Compensation, to a change to the terms or conditions of a share-based payment award. The amendments in this Update provide guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting. The amendment is effective for annual periods beginning after December 15, 2017 and interim periods within those annual periods. Early adoption is permitted. The Company has not yet adopted this ASU. Management has reviewed the ASU and believes there will be no significant impact on the Company's financial statements.

BATOVI DIAMOND PROJECT

BATOVI DIAMOND PROJECT	12 Months Ended
	Jul. 31, 2017
Equity Method Investments and Joint Ventures [Abstract]
BATOVI DIAMOND PROJECT	NOTE 3 - BATOVI DIAMOND PROJECT On November 20, 2014, the Company entered into a formal joint venture agreement (“the Joint Venture”) with Mineracao Batovi Ltda. (“Mineracao Batovi”), a private Brazilian mineral exploration company which at that time held 21 federal exploration licenses comprising the Batovi Diamond Project located north of Paranatinga in the State of Mato Grosso, Brazil. This was superseded by an amended and restated joint venture agreement (the “Amended and Restated Joint Venture Agreement”) with Mineracao Batovi and Dr. Charles Fipke, the shareholder of Mineracao Batovi, dated January 25, 2017 which provided the Company with the right to acquire up to a 49% interest in Mineracao Batovi. As per the Amended and Restated Joint Venture Agreement, the Company was required to contribute $1,000,000 in cash to Mineracao Batovi on or before June 30, 2017, in order to earn a 17.6% interest in Mineracao Batovi, this being in addition to the Company’s existing 2.4% equity interest which was acquired during the year ended July 31, 2017 from a former shareholder for $30,000. On November 20, 2014, the Company issued 2,700,000 fully paid and non-assessable common shares valued at $7,992,000 to Kel-Ex Developments Ltd. (“Kel-Ex”) with a fair market value of $2.96 per share in connection with Kel-Ex’s involvement with the Batovi Diamond Project. As at the July 31, 2017 year end, the agreement has expired, without the Company making any cash contributions to Mineracao Batovi. As such, the previously capitalized acquisition costs for the Brazil project of $7,992,000 have been written off. The Company continues to own a 2.4% minority interest in Mineracao Batovi, which was purchased for $30,000. At present, it is not yet determinable as to whether or not Mineracao Batovi retains the claims of the Batovi project. Due to this uncertainly, and to the fact that Mineracao Batovi’s only asset of value is these claims, an impairment equal to the original investment purchase of $30,000 has been recorded in the year ended July 31, 2017.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Jul. 31, 2017
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 4 - RELATED PARTY TRANSACTIONS During the year ended July 31, 2017, the Company’s director invoiced $3,716 (year ended July 31, 2016 – $2,177) to the Company to cover the Company’s operating expenses. The balance was repaid in full in fiscal 2017. The Company shares office space with other companies in order to take advantage of cost sharing opportunities and management services. Two of these companies are: Kel-Ex, a privately-held British Columbia corporation that is under common control with Mineracao Batovi and is also significant shareholder of the Company; and Metalex Ventures Ltd. (“Metalex”), a publicly traded company. Kel-Ex shares the services of the Company’s Chief Financial Officer and Metalex shares the services of the Company’s Chief Executive Officer and the Company’s Chief Financial Officer. During the year ended July 31, 2017, the related parties invoiced the Company for the following services and amounts: Year ended July 31, July 31, Administrative fees (10%) $ 1,237 $ 1,444 Geological consulting fees 310 1,261 Shared office and administrative costs 9,192 9,237 Shared project expenditures 3,716 3,316 Total related party expenditures included in General and administrative expenses $ 14,455 $ 15,258 Year ended July 31, July 31, Element 29 Ventures Ltd. $ 3,716 $ 2,177 Kel-Ex Developments Ltd. 6,103 8,664 Metalex Ventures Ltd. 4,636 4,417 $ 14,455 $ 15,258 As at July 31, 2017, the following balances have been included within accounts payable: As at July 31, July 31, Kel-Ex Developments Ltd. $ 1,931 $ 5,341 Metalex Ventures Ltd. 607 1,359 $ 2,538 $ 6,700 As at July 31, 2017, $538,156 in management fees earned by the Chief Executive Officer pursuant to the CEO Employment Agreement was included as due to a related party (2016 – $609,392); $145,271 in management fees earned by the Chief Financial Officer pursuant to the CFO agreement was included as due to a related party (2016 – $147,605).

CAPITAL STOCK

CAPITAL STOCK	12 Months Ended
	Jul. 31, 2017
Stockholders' Equity Note [Abstract]
CAPITAL STOCK	NOTE 5 - CAPITAL STOCK Authorized Stock The Company has authorized 300,000,000 shares of common shares with a par value of $0.001 per share. Each common share entitles the holder to one vote, in person or proxy, on any matter on which action of the stockholders of the corporation is sought. Share Issuance There were 52,042,286 shares of common stock issued and outstanding as at July 31, 2016 and July 31, 2017. On January 27, 2017, the Company filed a registration statement with the Securities and Exchange Commission (“SEC”) on Form S-1 under the Securities Act of 1933, as amended, to register the offer and sale of up to 10,000,000 common shares of the Company at a price of $0.1695 per share. The Company planned to use the proceeds from this offering to fund the acquisition of the 17.6% equity interest in Mineracao Batovi, provide working capital and expand the business. The registration statement was declared effective by the SEC as of March 9, 2017; no common stock had been sold pursuant to the registration statement as of July 31, 2017. In connection with the termination of the Amended and Restated Joint Venture Agreement (Note 3), the Company has elected not to proceed with the offering of common stock. The Company’s request for the SEC’s consent to withdraw the registration statement was verbally received on August 21, 2017. Share-based Expenses During the year ended July 31, 2016, certain stock options expired without being exercised. As such, as at July 31, 2016 and 2017, the Company had no options outstanding. A total of $5,191,122 was reclassified to deficit upon expiration during the year ended July 31, 2016.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Jul. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 6 - COMMITMENTS AND CONTINGENCIES On October 16, 2014, the Company and Chad Ulansky entered into an Employment Agreement (the “CEO Employment Agreement”), pursuant to which Mr. Ulansky is employed by the Company as its Chief Executive Officer for three years. As compensation for his services, Mr. Ulansky shall receive an annual base salary of $400,000 for the first year of the Employment Agreement, $450,000 for the second year and $500,000 for the third year. The Company shall have the right to pay the salary or any other amounts payable to Mr. Ulansky in deferred shares units of the Company based on the 90-day volume weighted average price (“VWAP”) of the common shares of the Company at the end of each quarter. As at July 31, 2017, $538,156 (July 31, 2016 – $609,392) has been accrued in accounts payable, which equates to 4,679,613 shares (July 31, 2016 – 1,324,767) if Mr. Ulansky were to leave the Company. On July 12, 2015, the Company and Jennifer Irons entered into an Employment Agreement (the “CFO Employment Agreement”, together with the CEO Employment Agreement, known as “the Employment Agreements”), pursuant to which Ms. Irons is employed by the Company as its Chief Financial Officer for three years. As compensation for her services, Ms. Irons shall receive an annual base salary of $125,000 for the first year of the Employment Agreement, $137,500 for the second year and $150,000 for the third year. The Company shall have the right to pay the salary or any other amounts payable to Ms. Irons in deferred share units of the Company based on the 90-day VWAP of the common shares of the Company at the end of each quarter. As at July 31, 2017, $145,271 (July 31, 2016 – $147,605) has been accrued in accounts payable, which equates to 1,263,222 shares (July 31, 2016 – 320,880) if Ms. Irons were to leave the Company. The Employment Agreements shall automatically renew on each anniversary of the Agreement for one additional year term unless one party provides the other with notice prior to such anniversary date that such party does not desire to renew the Employment Agreement. The Company may immediately terminate Mr. Ulansky and Ms. Irons's employment for cause. If (i) Mr. Ulansky or Ms. Irons's employment is terminated by the Company without cause, (ii) Mr. Ulansky or Ms. Irons terminate his or her employment as a result of the Company assigning duties inconsistent with his position or the Company fails to pay the compensation or (iii) there is a change in control in the Company, then in either case the Company shall pay Mr. Ulansky and Ms. Irons an amount equal to (a) the product of the number of years and fractional years for the remainder of the term multiplied by (b) 50% of the then current base salary in effect as of the date of termination. During the year ended July 31, 2017, the Company issued 4,297,188 deferred share units under the employment agreements; while the value of these deferred share units has been accrued as a liability each quarter, due to the changes in market price of the shares, the Company recorded a recovery of management fees of $73,570 during the year ended July 31, 2017. Pursuant to their respective Employment Agreements, the Company has structured individual Deferred Share Unit Plans for each of Mr. Ulansky and Ms. Irons effective as of, respectively, October 16, 2014 and July 12, 2015. Subsequent to the July 31, 2017 year end, Mr. Ulansky and Ms. Irons have agreed, for the advancement of the Company, to waive a portion of the DSUs that have been issued to them under their respective Deferred Share Unit Plans. By mutual agreement, no further DSUs will be issued under these plans.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Jul. 31, 2017
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 7 - INCOME TAXES The provision for income taxes differs from the amounts which would be provided by applying the statutory federal income tax rate of 34 percent to net the loss before provision for income taxes for the following reasons: July 31, July 31, Loss for the year $ (8,074,759 ) $ (993,653 ) Income tax recovery at statutory rate $ (2,745,418 ) $ (337,842 ) Permanent difference and other $ 2,416,418 $ - Change in valuation allowance 329,000 337,842 Income tax expense per books $ - $ - Net deferred tax assets consist of the following components as of: July 31, July 31, Non-operating loss carryforward $ 452,000 $ 123,000 Valuation allowance (452,000 ) (123,000 ) Net deferred tax asset $ - $ - Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards of $86,001 for federal income tax reporting purposes are subject to annual limitations. When a change in ownership occurs, net operating loss carry forwards may be limited as to use in future years. During the year ended July 31, 2016, it came to the attention of management that no tax filings had been submitted for the Company since its inception. While the Company had no taxable income and incurred no corporate taxes payable, there were certain reporting requirements that were not submitted by the appropriate deadlines. Upon filing, the Company incurred a $10,000 penalty for each of the 2012, 2013 and 2014 year ends, for a total of $30,000. The Company then filed a request to waive the penalties and, during the year ended July 31, 2017, received notice of assessments for these tax years. The Company filed an objection to these assessments and succeeded in having the penalties waived. As such, a recovery of tax filing penalties has been recorded in the statement of operations.

DERIVATIVE ASSET

DERIVATIVE ASSET	12 Months Ended
	Jul. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE ASSET	NOTE 8 - DERIVATIVE ASSET On January 22, 2016, the Company entered into a loan agreement with Blendcore LLC, a Delaware corporation (“Blendcore”), and Petaquilla Gold, S.A., a Panama corporation (“Petaquilla Gold”), which is a subsidiary of Petaquilla Minerals Ltd., a Canadian public company, pursuant to which the Company has agreed to advance a loan in the principal amount of US$250,000 to Blendcore (the “Loan”). Petaquilla Gold, as the owner of the minerals sourced at the Molejon Gold Mine located in Donoso District, Colon Province, Republic of Panama (the “Mine”), has engaged Blendcore, as master contractor, to act as operator in connection with the restarting of the processing of stockpiled ore at the Mine. In exchange for the provision of the Loan, the Company is entitled to a royalty of 12.5% on the first 1,000 ounces of gold produced per month for 12 months (the “Royalty period”). The Royalty Period is to commence once production ramps up to 1,000 ounces per month. For monthly production between 1,001 and 2,000 ounces of gold per month, the Company is to receive a reduced royalty of 5%. In addition to the royalty stream, the Company has the right of first option to provide funding for the expansion and development of the Mine. The Loan is to be forgiven provided that there are at least 12,000 ounces of gold produced during the Royalty Period. Upon the completion of the Royalty Period, the Company has the option to extend the royalty for a further 12 month period through the provision of a second $250,000 loan on substantially the same terms as the initial loan. This right shall survive the royalty agreement by a period of one year. As at July 31, 2017, the Company has advanced $215,000 to Blendcore LLC. Valuation of Derivative As the loan agreement with Blendcore contains a royalty component, there is an embedded derivative in its value. Currently, the Company has elected to account for the entire instrument as a derivative at fair value, with changes in fair value presented in earnings. The fair value of the derivative is determined by using a discounted cash flow analysis related to various expected future cash flows to be received based on weighted probabilities due to the uncertainty of the potential royalty streams. This asset is classified as a Level 3 asset within the fair value hierarchy as our valuation estimates utilize significant unobservable inputs, including estimates as to the probability and timing of future gold production. Transaction related fees and costs are expensed as incurred. The changes in the estimated fair value from the derivative along with cash receipts each reporting period are presented together on the Statement of Operations under the caption, “Derivative – change in fair value”. At present, the gold mine has not been restarted. The Company has engaged the services of a legal firm in Panama to determine appropriate title to the claim

GOING CONCERN AND LIQUIDITY CON

GOING CONCERN AND LIQUIDITY CONSIDERATIONS	12 Months Ended
	Jul. 31, 2017
Going Concern and Liquidity Considerations [Abstract]
GOING CONCERN AND LIQUIDITY CONSIDERATIONS	NOTE 9 - GOING CONCERN AND LIQUIDITY CONSIDERATIONS The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the liquidation of liabilities in the normal course of business. During the year ended July 31, 2017, the Company incurred a net loss of $8,074,759. As at July 31, 2017, the Company had an accumulated deficit of $9,515,316 and has earned no revenues since inception. The Company intends to fund operations through equity financing arrangements, which may be insufficient to fund its capital expenditures, working capital and other cash requirements for the year ending July 31, 2018. The ability of the Company to emerge from the exploration stage is dependent upon, among other things, obtaining additional financing to continue operations, and development of its business plan. In response to these problems, management intends to raise additional funds through public or private placement offerings. These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.

SUMMARY OF SIGNIFICANT ACCOUN16

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Jul. 31, 2017
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The Financial Statements and related disclosures have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC"). The Financial Statements have been prepared using the accrual basis of accounting in accordance with Generally Accepted Accounting Principles ("GAAP") of the United States.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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 amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. The Company's periodic filings with the SEC include, where applicable, disclosures of estimates, assumptions, uncertainties and markets that could affect the financial statements and future operations of the Company.
Fiscal Period	Fiscal Period The Company's fiscal year end is July 31.
Fair value of financial instruments	Fair value of financial instruments The Company measures the fair value of financial assets and liabilities based on US GAAP guidance which defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. The Company classifies financial assets and liabilities as held-for-trading, available-for-sale, held-to-maturity, loans and receivables or other financial liabilities depending on their nature. Financial assets and financial liabilities are recognized at fair value on their initial recognition, except for those arising from certain related party transactions which are accounted for at the transferor’s carrying amount or exchange amount. Financial assets and liabilities classified as held-for-trading are measured at fair value, with gains and losses recognized in net income. Financial assets classified as held-to-maturity, loans and receivables, and financial liabilities other than those classified as held-for-trading are measured at amortized cost, using the effective interest method of amortization. Financial assets classified as available-for-sale are measured at fair value, with unrealized gains and losses being recognized as other comprehensive income until realized, or if an unrealized loss is considered other than temporary, the unrealized loss is recorded in income. Financial instruments, including accounts payable and accrued liabilities are carried at amortized cost, which management believes approximates fair value due to the short term nature of these instruments. The following table presents information about the assets that are measured at fair value on a recurring basis as at July 31, 2017, and indicates the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value. In general, fair values determined by Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical assets. Fair values determined by Level 2 inputs utilize data points that are observable such as quoted prices, interest rates and yield curves. Fair values determined by Level 3 inputs are unobservable data points for the asset or liability, and included situations where there is little, if any, market activity for the asset: Quoted Prices in Significant Other Significant Active Markets Observable Inputs Unobservable Inputs July 31, 2017 (Level 1) (Level 2) (Level3) Assets: Cash $ 197,190 $ 197,190 $ - $ - Derivative asset - - - - Total $ 197,190 $ 197,190 $ - $ - While it currently has $nil value, the Company’s derivative asset (note 8) represents a Level 3 asset.
Share-based expenses	Share-based expenses ASC 718 “Compensation – Stock Compensation” prescribes accounting and reporting standards for all share-based payment transactions in which employee services are acquired. Transactions include incurring liabilities, or issuing or offering to issue shares, options, and other equity instruments such as employee stock ownership plans and stock appreciation rights. Share-based payments to employees, including grants of employee stock options, are recognized as compensation expense in the financial statements based on their fair values. That expense is recognized over the period during which an employee is required to provide services in exchange for the award, known as the requisite service period (usually the vesting period). If options expire unexercised, any amounts vested and previously recorded are reclassified to deficit. The Company accounts for stock-based compensation issued to non-employees and consultants in accordance with the provisions of ASC 505-50, “Equity – Based Payments to Non-Employees.” Measurement of share-based payment transactions with non-employees is based on the fair value of whichever is more reliably measurable: (a) the goods or services received; or (b) the equity instruments issued. The fair value of the share-based payment transaction is determined at the earlier of performance commitment date or performance completion date.
Income Taxes	Income Taxes The Company provides for income taxes under ASC 740, Accounting for Income Taxes. ASC 740 requires the use of an asset and liability approach in accounting for income taxes. Deferred tax assets and liabilities are recorded based on the differences between the financial statement and tax bases of assets and liabilities and the tax rates in effect when these differences are expected to reverse. ASC 740 requires the reduction of deferred tax assets by a valuation allowance if, based on the weight of available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized.
Concentrations of Credit Risk	Concentrations of Credit Risk The Company's financial instruments that are exposed to concentrations of credit risk primarily consist of its cash and related party payables it will likely incur in the near future. The Company places its cash with financial institutions of high credit worthiness. At times, its cash balance with a particular financial institution may exceed any applicable government insurance limits. The Company's management plans to assess the financial strength and credit worthiness of any parties to which it extends funds, and as such, it believes that any associated credit risk exposures are limited.
Net Loss Per Share of Capital Stock	Net Loss Per Share of Capital Stock In the accompanying financial statements, basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of capital stock outstanding during the period.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In November 2015, FASB issued Accounting Standards Update (ASU) No, 201517 Income Taxes – Balance Sheet Classification of Deferred Taxes. To simplify the presentation of deferred income taxes, the amendments in this update require that deferred tax liabilities and assets be classified as noncurrent in a classified statement of financial position. The current requirement that deferred tax liabilities and assets of a tax-paying component of an entity be offset and presented as a single amount is not affected by the amendments in the update. This update is effective for fiscal years and interim periods within those fiscal years, beginning after December 15, 2016. Early application is permitted. Management has reviewed the ASU and believes there will be no significant impact on the Company's financial statements. In January 2016, FASB issued Accounting Standards Update (ASU) No. 201601 Financial Instruments – Recognition and Measurement of Financial Assets and Financial Liabilities. The amendments in this Update make targeted improvements to generally accepted accounting principles (GAAP) as follows: · Require equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. However, an entity may choose to measure equity investments that do not have readily determinable fair values at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. · Simplify the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment. When a qualitative assessment indicates that impairment exists, an entity is required to measure the investment at fair value. · Eliminate the requirement to disclose the fair value of financial instruments measured at amortized cost for entities that are not public business entities. · Eliminate the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet. · Require public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes. · Require an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. · Require separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (that is, securities or loans and receivables) on the balance sheet or the accompanying notes to the financial statements. · Clarify that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity’s other deferred tax assets. This update is effective for fiscal years and interim periods within those fiscal years, beginning after December 15, 2017. Early application is permitted. Management has reviewed the ASU and believes there will be no significant impact on the Company's financial statements. In February 2016, FASB issued Accounting Standards Update (ASU) No. 201602 Leases. The main difference of the update is the recognition of lease assets and lease liabilities by lessees for those leases classified as operating leases under previous GAAP. Under this update, lessees will now be required to recognize the assets and liabilities arising from leases on the balance sheet. The economics of leases can vary for a lessee and those economics should be reflected in the financial statements; as such a distinction between finance leases and operating leases has been retained. The classification criteria for distinguishing between finance leases and operating leases are substantially similar to the classification criteria for distinguishing between capital leases and operating leases in the previous leases guidance. This update is effective for fiscal years and interim periods within those fiscal years, beginning after December 15, 2018. Early application is permitted. Management has reviewed the ASU and believes there will be no significant impact on the Company's financial statements. In March 2016, FASB issued Accounting Standards Update (ASU) No. 201609 Stock Based Compensation – Improvements to Employee Share-Based Payment Accounting. Under this standard, all excess tax benefits and tax deficiencies (including tax benefits of dividends on share-based payment awards) should be recognized as income tax expense or benefit in the income statements. The tax effects of exercised or vested awards should be treated as discrete items in the reporting period in which they occur. An entity should also recognize excess tax benefits regardless of whether the benefit reduces taxes payable in the current period. This update is effective for fiscal years and interim periods within those fiscal years, beginning after December 15, 2016. Early application is permitted. Management has reviewed the ASU and believes there will be no significant impact on the Company's financial statements. In August 2016, FASB issued Accounting Standards Updated (ASU) No. 201615 Statement of Cash Flows – Classification of Certain Cash Receipts and Cash Payments. This updated addresses eight specific cash flows issues with the objective of reducing the existing diversity in practice. · Debt prepayment or debt extinguishment costs · Settlement of zero-coupon debt instruments or other debt instruments with coupon interest rates that are insignificant in relation to the effective interest rate of the borrowing · Contingent consideration payments made after a business combination · Proceeds from the settlement of insurance claims · Proceeds from the settlement of corporate-owned life insurance policies, including bank-owned life insurance policies · Distributions received from equity method investees · Beneficial interests in securitization transactions · Separate identifiable cash flows and application of the predominance principle This update is effective for fiscal years and interim periods within those fiscal years, beginning after December 15, 2017. Early application is permitted. In May 2017, FASB issued Accounting Standards Update (ASU) No. 201709 Compensation – Stock compensation. The Board is issuing this Update to provide clarity and reduce both (1) diversity in practice and (2) cost and complexity when applying the guidance in Topic 718, Compensation—Stock Compensation, to a change to the terms or conditions of a share-based payment award. The amendments in this Update provide guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting. The amendment is effective for annual periods beginning after December 15, 2017 and interim periods within those annual periods. Early adoption is permitted. The Company has not yet adopted this ASU. Management has reviewed the ASU and believes there will be no significant impact on the Company's financial statements.

SUMMARY OF SIGNIFICANT ACCOUN17

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Jul. 31, 2017
Accounting Policies [Abstract]
Schedule of assets measured at fair value on a recurring basis	Quoted Prices in Significant Other Significant Active Markets Observable Inputs Unobservable Inputs July 31, 2017 (Level 1) (Level 2) (Level3) Assets: Cash $ 197,190 $ 197,190 $ - $ - Derivative asset - - - - Total $ 197,190 $ 197,190 $ - $ -

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Jul. 31, 2017
Related Party Transactions [Abstract]
Schedule of related party transaction	Year ended July 31, July 31, Administrative fees (10%) $ 1,237 $ 1,444 Geological consulting fees 310 1,261 Shared office and administrative costs 9,192 9,237 Shared project expenditures 3,716 3,316 Total related party expenditures included in General and administrative expenses $ 14,455 $ 15,258 Year ended July 31, July 31, Element 29 Ventures Ltd. $ 3,716 $ 2,177 Kel-Ex Developments Ltd. 6,103 8,664 Metalex Ventures Ltd. 4,636 4,417 $ 14,455 $ 15,258 As at July 31, July 31, Kel-Ex Developments Ltd. $ 1,931 $ 5,341 Metalex Ventures Ltd. 607 1,359 $ 2,538 $ 6,700

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Jul. 31, 2017
Income Tax Disclosure [Abstract]
Schedule of components of income tax expense	July 31, July 31, Loss for the year $ (8,074,759 ) $ (993,653 ) Income tax recovery at statutory rate $ (2,745,418 ) $ (337,842 ) Permanent difference and other $ 2,416,418 $ - Change in valuation allowance 329,000 337,842 Income tax expense per books $ - $ -
Schedule of net deferred tax assets	July 31, July 31, Non-operating loss carryforward $ 452,000 $ 123,000 Valuation allowance (452,000 ) (123,000 ) Net deferred tax asset $ - $ -

ORGANIZATION AND BUSINESS OPE20

ORGANIZATION AND BUSINESS OPERATIONS (Detail Textuals) - USD ($)	Jul. 31, 2017	Jul. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated losses	$ (9,515,316)	$ (1,440,557)

SUMMARY OF SIGNIFICANT ACCOUN21

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	Jul. 31, 2017USD ($)
Accounting Policies [Line Items]
Cash	$ 197,190
Derivative asset	0
Total	197,190
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets (Level 1)
Accounting Policies [Line Items]
Cash	197,190
Derivative asset	0
Total	197,190
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2)
Accounting Policies [Line Items]
Cash	0
Derivative asset	0
Total	0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3)
Accounting Policies [Line Items]
Cash	0
Derivative asset	0
Total	$ 0

BATOVI DIAMOND PROJECT (Detail

BATOVI DIAMOND PROJECT (Detail Textuals)	1 Months Ended	12 Months Ended
	Nov. 20, 2014USD ($)License$ / sharesshares	Jul. 31, 2017USD ($)
Schedule of Equity Method Investments [Line Items]
Payment to joint venture in cash for equity interest		$ 30,000
Write off of acquisition costs		7,992,000
Joint Venture Agreement | Mineracao Batovi
Schedule of Equity Method Investments [Line Items]
Number of federal exploration licenses | License	21
Joint Venture Agreement | Kel-Ex Development Ltd. ("Kel-Ex")
Schedule of Equity Method Investments [Line Items]
Number of fully-paid and non-assessable common shares issued for assets acquisition | shares	2,700,000
Value of fully-paid and non-assessable common shares issued for assets acquisition	$ 7,992,000
Share price per share | $ / shares	$ 2.96
Amended and Restated Joint Venture Agreement | Mineracao Batovi
Schedule of Equity Method Investments [Line Items]
Payment to joint venture in cash for equity interest	$ 1,000,000	$ 30,000
Percentage of equity interest earned	49.00%	2.40%
Additional equity interest earned by funding exploration expenses		17.60%
Write off of acquisition costs		$ 7,992,000

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($)	12 Months Ended
	Jul. 31, 2017	Jul. 31, 2016
Related Party Transactions [Abstract]
Administrative fees (10%)	$ 1,237	$ 1,444
Geological consulting fees	310	1,261
Shared office and administrative costs	9,192	9,237
Shared project expenditures	3,716	3,316
Total related party expenditures included in General and administrative expenses	$ 14,455	$ 15,258

RELATED PARTY TRANSACTIONS (D24

RELATED PARTY TRANSACTIONS (Details 1) - USD ($)	12 Months Ended
	Jul. 31, 2017	Jul. 31, 2016
Related Party Transaction [Line Items]
Related party expense	$ 14,455	$ 15,258
Element 29 Ventures Ltd.
Related Party Transaction [Line Items]
Related party expense	3,716	2,177
Kel-Ex Developments Ltd.
Related Party Transaction [Line Items]
Related party expense	6,103	8,664
Metalex Ventures Ltd.
Related Party Transaction [Line Items]
Related party expense	$ 4,636	$ 4,417

RELATED PARTY TRANSACTIONS (D25

RELATED PARTY TRANSACTIONS (Details 2) - USD ($)	Jul. 31, 2017	Jul. 31, 2016
Related Party Transaction [Line Items]
Due to related parties	$ 2,538	$ 6,700
Kel-Ex Developments Ltd.
Related Party Transaction [Line Items]
Due to related parties	1,931	5,341
Metalex Ventures Ltd.
Related Party Transaction [Line Items]
Due to related parties	$ 607	$ 1,359

RELATED PARTY TRANSACTIONS (D26

RELATED PARTY TRANSACTIONS (Detail Textuals) - USD ($)	12 Months Ended
	Jul. 31, 2017	Jul. 31, 2016
Related Party Transaction [Line Items]
Percentage of administrative fees	10.00%	10.00%
Due to related party	$ 683,427	$ 756,997
Director
Related Party Transaction [Line Items]
Advances from related party	3,716	2,177
Employment Agreement | Chief Executive Officer
Related Party Transaction [Line Items]
Due to related party	538,156	609,392
Employment Agreement | Chief Financial Officer
Related Party Transaction [Line Items]
Due to related party	$ 145,271	$ 147,605

CAPITAL STOCK (Detail Textuals)

CAPITAL STOCK (Detail Textuals) - USD ($)	1 Months Ended	12 Months Ended
	Jan. 27, 2017	Jul. 31, 2017	Jul. 31, 2016
Stockholders' Equity Note [Abstract]
Common shares, shares authorized		300,000,000	300,000,000
Common shares, par value (in dollars per share)		$ 0.001	$ 0.001
Number of votes each common shareholders entitled		one vote
Common stock, shares issued		52,042,286	52,042,286
Common stock, shares outstanding		52,042,286	52,042,286
Common shares offer and sale	10,000,000
Common shares offer and sale, par value (in dollars per share)	$ 0.1695
Equity interest in Mineracao Batovi	17.60%
Amount reclassified to deficit upon expiration of options			$ 5,191,122

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Detail Textuals) - USD ($)	Jul. 12, 2015	Oct. 16, 2014	Jul. 31, 2017	Jul. 31, 2016
Commitments And Contingencies [Line Items]
Employment termination conditions			If (i) Mr. Ulansky or Ms. Irons's employment is terminated by the Company without cause, (ii) Mr. Ulansky or Ms. Irons terminate his or her employment as a result of the Company assigning duties inconsistent with his position or the Company fails to pay the compensation or (iii) there is a change in control in the Company, then in either case the Company shall pay Mr. Ulansky and Ms. Irons an amount equal to (a) the product of the number of years and fractional years for the remainder of the term multiplied by (b) 50% of the then current base salary in effect as of the date of termination.
Accrued accounts payable			$ 683,427	$ 756,997
Number of deferred shares issued			4,297,188
Management fees (recovery)			$ (73,570)	602,241
Employment Agreement | Mr. Ulansky
Commitments And Contingencies [Line Items]
Term of employment		3 years
Accrued accounts payable			$ 538,156	$ 609,392
Number of deferred shares issued			4,679,613	1,324,767
Employment Agreement | Mr. Ulansky | First year
Commitments And Contingencies [Line Items]
Annual base salary		$ 400,000
Employment Agreement | Mr. Ulansky | Second year
Commitments And Contingencies [Line Items]
Annual base salary		450,000
Employment Agreement | Mr. Ulansky | Third year
Commitments And Contingencies [Line Items]
Annual base salary		$ 500,000
Employment Agreement | Jennifer Irons
Commitments And Contingencies [Line Items]
Term of employment	3 years
Accrued accounts payable			$ 145,271	$ 147,605
Number of deferred shares issued			1,263,222	320,880
Employment Agreement | Jennifer Irons | First year
Commitments And Contingencies [Line Items]
Annual base salary	$ 125,000
Employment Agreement | Jennifer Irons | Second year
Commitments And Contingencies [Line Items]
Annual base salary	137,500
Employment Agreement | Jennifer Irons | Third year
Commitments And Contingencies [Line Items]
Annual base salary	$ 150,000

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	12 Months Ended
	Jul. 31, 2017	Jul. 31, 2016
Income Tax Disclosure [Abstract]
Loss for the year	$ (8,074,759)	$ (993,653)
Income tax recovery at statutory rate	(2,745,418)	(337,842)
Permanent difference and other	2,416,418
Change in valuation allowance	329,000	337,842
Income tax expense per books	$ 0	$ 0

INCOME TAXES (Details 1)

INCOME TAXES (Details 1) - USD ($)	Jul. 31, 2017	Jul. 31, 2016
Income Tax Disclosure [Abstract]
Non-operating loss carryforward	$ 452,000	$ 123,000
Valuation allowance	(452,000)	(123,000)
Net deferred tax asset	$ 0	$ 0

INCOME TAXES (Detail Textuals)

INCOME TAXES (Detail Textuals) - USD ($)	12 Months Ended
	Jul. 31, 2017	Jul. 31, 2016	Jul. 31, 2014	Jul. 31, 2013	Jul. 31, 2012
Income Tax Disclosure [Abstract]
Statutory federal income tax rate	34.00%	34.00%
Net operating loss carry forwards	$ 86,001
Penalties incurred	$ 30,000		$ 10,000	$ 10,000	$ 10,000

DERIVATIVE ASSET (Detail Textua

DERIVATIVE ASSET (Detail Textuals)	1 Months Ended
	Jan. 22, 2016USD ($)oz	Jul. 31, 2017USD ($)
Blendcore LLC.
Loans and Leases Receivable Disclosure [Line Items]
Advance given to Blendcore LLC		$ 215,000
Loan agreement with Blendcore and Petaquilla Gold
Loans and Leases Receivable Disclosure [Line Items]
Royalty percentage on gold produced	12.50%
Royalty period	12 months
Reduced royalty percentage for monthly production between ranges	5.00%
Royalty extension period	12 months
Provision for second loan principal amount	$ 250,000
Royalty Agreement Survival Period	1 year
Derivative discount rate	10.00%
Loan agreement with Blendcore and Petaquilla Gold | Gold, Ounces
Loans and Leases Receivable Disclosure [Line Items]
Maximum gold ounces to be produced per month | oz	1,000
Range of monthly production for reduced royalty percentage	1,001 and 2,000 ounces of gold per month
Minimum gold ounces to be produced for loan forgiven | oz	12,000
Loan agreement with Blendcore and Petaquilla Gold | Blendcore LLC.
Loans and Leases Receivable Disclosure [Line Items]
Loan principal amount	$ 250,000

GOING CONCERN AND LIQUIDITY C33

GOING CONCERN AND LIQUIDITY CONSIDERATIONS (Detail Textuals) - USD ($)	12 Months Ended
	Jul. 31, 2017	Jul. 31, 2016
Going Concern and Liquidity Considerations [Abstract]
Net loss	$ (8,074,759)	$ (993,653)
Accumulated deficit	$ (9,515,316)	$ (1,440,557)