• Filing Date: 2020-06-12
  • Form Type: 10-Q
  • Description: Quarterly report
v3.20.1
EARN-IN OPTION AGREEMENT (Schedule of Consolidated Assets and Liabilities of Subsidiaries) (Details) - USD ($)
Apr. 30, 2020
Jan. 31, 2020
Oct. 31, 2019
Apr. 30, 2019
Jan. 31, 2019
Oct. 31, 2018
Assets:            
Cash and cash equivalents $ 1,334,444   $ 1,431,634 $ 3,487,394   $ 3,025,839
Value-added tax receivable, net 215,961   255,847      
Other receivables 8,959   8,543      
Income tax receivable 595   784      
Prepaid expenses and deposits 153,471   204,713      
Office and mining equipment, net 208,376   226,413      
Property concessions 5,019,927   5,019,927      
TOTAL ASSETS 8,999,764   9,205,892      
Liabilities:            
Accounts payable 151,519   328,943      
Accrued liabilities and expenses 242,473   305,446      
Net advances and investment in the Company's Mexican subsidiaries (8,603,272) $ (8,915,132) $ (8,564,875) $ (10,784,471) $ (9,750,608) $ (9,601,668)
Minera Metalin and Contratistas [Member]            
Assets:            
Cash and cash equivalents 17,000          
Value-added tax receivable, net 216,000          
Other receivables 4,000          
Income tax receivable 1,000          
Prepaid expenses and deposits 100,000          
Office and mining equipment, net 208,000          
Property concessions 5,020,000          
TOTAL ASSETS 5,566,000          
Liabilities:            
Accounts payable 51,000          
Accrued liabilities and expenses 116,000          
Payable to Silver Bull Resources, Inc. to be converted to equity upon exercise of the Option 3,348,000          
Total liabilities 3,515,000          
Net advances and investment in the Company's Mexican subsidiaries $ 2,051,000