ASSET RETIREMENT OBLIGATION

3 Months Ended

Jul. 31, 2024

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, 2024		April 30, 2024
Balance, beginning of period	$	307,657	$	285,764
Retired		-		(6,075	)
Accretion expense		7,718		27,968
Balance, end of period	$	315,375	$	307,657

For the three months ended July 31, 2024 and 2023, accretion expense amounted to $7,718 and $6,744, respectively, and was included in general and administrative expenses as reflected in the accompanying unaudited condensed consolidated statements of operations.