NOTES PAYABLE

12 Months Ended

Apr. 30, 2014

NOTES PAYABLE [Text Block]

9. NOTES PAYABLE

As of April 30, 2014 and April 30, 2013, notes payable consists of an unsecured $50,000 payable to New Verde River Mining and Robert H. Gunnison pursuant to the NVRM Agreement noted above (see Note 4). Mr. Gunnison signed an extension agreement extending the payment deadline to June 30, 2015. The note payable bears 6% interest annually.