ASSET RETIREMENT OBLIGATION

9 Months Ended

Jan. 31, 2022

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, Keystone and Maggie Creek 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:

	January 31, 2022		April 30, 2021
Balance, beginning of period	$	204,615	$	168,392
Addition and changes in estimates		33,517		18,746
Accretion expense		16,174		17,477
Balance, end of period	$	254,306	$	204,615

For the three months ended January 31, 2022 and 2021, accretion expense amounted to $5,988 and $4,585, respectively. For the nine months ended January 31, 2022 and 2021, accretion expense amounted to $16,174 and $12,973, respectively.