ASSET RETIREMENT OBLIGATION

3 Months Ended

Jul. 31, 2023

Asset Retirement Obligation Disclosure [Abstract]

ASSET RETIREMENT OBLIGATION

NOTE 6 — ASSET RETIREMENT OBLIGATION

In conjunction with various permit approvals permitting the Company to undergo exploration activities at the CK Gold, and Keystone projects, the Company has recorded an ARO based upon the reclamation plans submitted in connection with the various permits. The following table summarizes activity in the Company’s ARO for the periods presented:

	July 31, 2023			April 30, 2023
Balance, beginning of period	$	285,764		$	260,196
Retired		(6,075	)		-
Accretion expense		6,744			25,568
Balance, end of period	$	286,433		$	285,764

For the three months ended July 31, 2023 and 2022, accretion expense amounted to $6,744 and $6,274, respectively, and included in general and administrative expenses as reflected in the accompanying unaudited condensed consolidated statements of operations.