XML 90 R50.htm IDEA: XBRL DOCUMENT v3.23.1
E&E ASSETS - Lone Mountain Project (Details)
12 Months Ended
Nov. 01, 2022
USD ($)
Nov. 01, 2021
USD ($)
Nov. 01, 2020
USD ($)
oz
Dec. 31, 2022
USD ($)
oz
Apr. 29, 2021
USD ($)
E&E ASSETS          
Required minimum annual E&E expenditures, period one       $ 5,000  
Required minimum annual E&E expenditures, period two       10,000  
Required minimum annual E&E expenditures, period three       15,000  
Required minimum annual E&E expenditures, period four       20,000  
Lone Mountain          
E&E ASSETS          
Pre-production payments made in cash $ 20,000 $ 30,000 $ 80,000    
Pre-production payments to be made, November 1, 2022   30,000      
Pre-production payments to be made, November 1, 2023   30,000   20,000  
Pre-production payments to be made, November 1, 2024   40,000   30,000  
Pre-production payments to be made, November 1, 2025 and every year thereafter       30,000  
Incremental pre-production payments to be made, each year thereafter     200,000 10,000  
Maximum pre-production payments to be made, November 1, 2025 and each year thereafter     $ 10,000 200,000  
Required minimum annual E&E expenditures, period one       150,000  
Required minimum annual E&E expenditures, period two       250,000  
Required minimum annual E&E expenditures, period three       300,000  
Required minimum annual E&E expenditures, period four       300,000  
Required minimum annual E&E expenditures, period five       400,000  
Required minimum annual E&E expenditures, period six       400,000  
Threshold amount of expenditure considered for termination of work commitment   $ 1,800,000   $ 1,800,000  
Percentage of net smelter return royalty     3.00% 3.00%  
Reduction in net smelter return royalty upon payment of specified amount       0.50%  
Percentage of net smelter return royalty upon payment of specified amount     2.50% 2.50%  
Threshold minimum gold to be discovered to trigger the option to purchase the entire interest in project (in ounces) | oz     500,000 500,000  
Payment to reduce net smelter return royalty       $ 2,000,000  
Primary term of the lease     10 years    
Maximum extension term of the lease     10 years    
Purchase price of entire interest in project     $ 2,000,000    
Annual work commitments, September 1, 2021     150,000   $ 0
Annual work commitments, September 1, 2022     250,000   400,000
Annual work commitments, September 1, 2023     300,000   300,000
Annual work commitments, September 1, 2024     300,000   300,000
Annual work commitments, September 1, 2025     400,000   400,000
Annual work commitments, September 1, 2026     $ 400,000   $ 400,000