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Exploration and Evaluation Assets (Tables) | 12 Months Ended
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Dec. 31, 2019
EXPLORATION AND EVALUATION ASSETS |
Schedule of Exploration and Evaluation Assets | (All amounts in table are expressed in thousands of Canadian dollars)
|  | Canada |  |  | US |  |  | Greenland |  |  |  |
|  | Post Creek Property |  |  | Halcyon Property |  |  | Quetico Claims |  |  | Enid Creek |  |  | Lingman Lake |  |  | Section 35 Property |  |  | Maniitsoq Property |  |  | Total |
Acquisition |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, December 31, 2018 |  |  | 288 |  |  |  | 222 |  |  |  | 42 |  |  |  | - |  |  |  | - |  |  |  | 8 |  |  |  | 42 |  |  |  | 602 |
Acquisition costs – cash |  |  | 10 |  |  |  | 8 |  |  |  | - |  |  |  | 83 |  |  |  | 14 |  |  |  | 3 |  |  |  | - |  |  |  | 118 |
Balance, December 31, 2019 |  |  | 298 |  |  |  | 230 |  |  |  | 42 |  |  |  | 83 |  |  |  | 14 |  |  |  | 11 |  |  |  | 42 |  |  |  | 720 |
Exploration |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, December 31, 2018 |  |  | 1,431 |  |  |  | 209 |  |  |  | 22 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 62,215 |  |  |  | 63,877 |
Administration |  |  | 1 |  |  |  | 1 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 12 |  |  |  | 14 |
Corporate social responsibility |  |  | 2 |  |  |  | 1 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 3 |
Property maintenance |  |  | 7 |  |  |  | 7 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 17 |  |  |  | 31 |
Drilling |  |  | 32 |  |  |  | - |  |  |  | 12 |  |  |  | 15 |  |  |  | 5 |  |  |  | - |  |  |  | 197 |  |  |  | 261 |
Environmental, health and safety |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 8 |  |  |  | 8 |
Geology |  |  | 24 |  |  |  | 14 |  |  |  | 1 |  |  |  | 15 |  |  |  | 6 |  |  |  | - |  |  |  | 140 |  |  |  | 200 |
Geophysics |  |  | 1 |  |  |  | 1 |  |  |  | 4 |  |  |  | 3 |  |  |  | 2 |  |  |  | - |  |  |  | 28 |  |  |  | 39 |
Helicopter charter aircraft (recovery) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (21 | ) |  |  | (21 | )
Infrastructure |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 11 |  |  |  | 11 |
Write-off |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (11 | ) |  |  | (26,499 | ) |  |  | (26,510 | )
|  |  | 67 |  |  |  | 24 |  |  |  | 17 |  |  |  | 33 |  |  |  | 13 |  |  |  | (11 | ) |  |  | (26,107 | ) |  |  | (25,964 | )
Balance, December 31 ,2019 |  |  | 1,498 |  |  |  | 233 |  |  |  | 39 |  |  |  | 33 |  |  |  | 13 |  |  |  | (11 | ) |  |  | 36,108 |  |  |  | 37,913 |
Total, December 31, 2019 |  |  | 1,796 |  |  |  | 463 |  |  |  | 81 |  |  |  | 116 |  |  |  | 27 |  |  |  | - |  |  |  | 36,150 |  |  |  | 38,633 |
(All amounts in table are expressed in thousands of Canadian dollars)
|  | Canada |  |  | US |  |  | Greenland |  |  |  |
|  | Post Creek Property |  |  | Halcyon Property |  |  | Quetico Claims |  |  | Section 35 Property |  |  | Maniitsoq Property |  |  | Total |
Acquisition |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, December 31, 2017 |  |  | 278 |  |  |  | 214 |  |  |  | - |  |  |  | 6 |  |  |  | 36 |  |  |  | 534 |
Acquisition costs – cash |  |  | 10 |  |  |  | 8 |  |  |  | 42 |  |  |  | 2 |  |  |  | 6 |  |  |  | 68 |
Balance December 31, 2018 |  |  | 288 |  |  |  | 222 |  |  |  | 42 |  |  |  | 8 |  |  |  | 42 |  |  |  | 602 |
Exploration |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, December 31, 2017 |  |  | 1,138 |  |  |  | 187 |  |  |  | - |  |  |  | - |  |  |  | 48,635 |  |  |  | 49,960 |
Administration |  |  | 2 |  |  |  | 2 |  |  |  | 1 |  |  |  | - |  |  |  | 486 |  |  |  | 491 |
Corporate social responsibility |  |  | 1 |  |  |  | 1 |  |  |  | - |  |  |  | - |  |  |  | 58 |  |  |  | 60 |
Environment, health And safety |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 135 |  |  |  | 135 |
Property maintenance |  |  | 2 |  |  |  | 2 |  |  |  | - |  |  |  | - |  |  |  | 18 |  |  |  | 22 |
Drilling expenses |  |  | 219 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 4,270 |  |  |  | 4,489 |
Camp operations |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 2,943 |  |  |  | 2,943 |
Helicopter charter aircraft |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 4,138 |  |  |  | 4,138 |
Geology |  |  | 40 |  |  |  | 17 |  |  |  | 20 |  |  |  | - |  |  |  | 662 |  |  |  | 739 |
Geophysics |  |  | 29 |  |  |  | - |  |  |  | 1 |  |  |  | - |  |  |  | 824 |  |  |  | 854 |
Infrastructure |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 31 |  |  |  | 31 |
Technical studies |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 15 |  |  |  | 15 |
|  |  | 293 |  |  |  | 22 |  |  |  | 22 |  |  |  | - |  |  |  | 13,580 |  |  |  | 13,917 |
Balance December 31, 2018 |  |  | 1,431 |  |  |  | 209 |  |  |  | 22 |  |  |  | - |  |  |  | 62,215 |  |  |  | 63,877 |
Total, December 31, 2018 |  |  | 1,719 |  |  |  | 431 |  |  |  | 64 |  |  |  | 8 |  |  |  | 62,257 |  |  |  | 64,479 |
Schedule of Exploration and Evaluation Assets Consideration | Consideration is as follows: (All amounts in table are expressed in thousands of Canadian dollars)
|  | Acquisition costs |  | Exploration expenditures
Within 5 days of TSXV approval (received on October 24, 2019) |  | $25 cash (paid) and 300 post-consolidated common shares (issued) |  | -
On or before September 25, 2020 |  | $100 cash |  | Aggregate of at least $500
On or before September 25, 2021 |  | $200 cash |  | Aggregate of at least an additional $1,000
On or before September 25, 2022 |  | $300 cash |  | Aggregate of at least an additional $1,000
On or before September 25, 2023 |  | $400 cash |  | Aggregate of at least an additional $1,000
On or before September 25, 2024 |  | $500 cash |  | Aggregate of at least an additional $1,000

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