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ASSET RETIREMENT OBLIGATION
12 Months Ended
Apr. 30, 2024
Asset Retirement Obligation Disclosure [Abstract]  
ASSET RETIREMENT OBLIGATION

NOTE 6 — ASSET RETIREMENT OBLIGATION

 

In conjunction with various permit approvals allowing the Company to undergo exploration activities at the CK Gold and Keystone , 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 years presented:

 

   April 30, 2024   April 30, 2023 
         
Balance, beginning of year  $285,764   $260,196 
Addition and changes in estimates   (6,075)   - 
Accretion expense   27,968    25,568 
Balance, end of year  $307,657   $285,764 

 

For the years ended April 30, 2024 and 2023, accretion expense amounted to $27,968 and $25,568, respectively.