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Exploration and Evaluation Assets (Tables)
12 Months Ended
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