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ASSET RETIREMENT OBLIGATION
 9 Months Ended
Jan. 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:

 

   January 31, 2024   April 30, 2023 
         
Balance, beginning of period  $285,764   $260,196 
Retired   (6,075)   - 
Accretion expense   21,010    25,568 
Balance, end of period  $300,699   $285,764 

 

For the nine months ended January 31, 2024 and 2023, accretion expense amounted to $21,010 and $19,243, respectively. For the three months ended January 31, 2024 and 2023, accretion expense amounted to $7,080 and $6,436, respectively, and was included in general and administrative expenses as reflected in the accompanying unaudited condensed consolidated statements of operations.