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Exploration and Evaluation Assets (Tables) | 3 Months Ended
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Mar. 31, 2020
EXPLORATION AND EVALUATION ASSETS |
Schedule of Exploration and Evaluation Assets | (All amounts in table are expressed in thousands of Canadian dollars)
|  | Canada |  | Greenland |  |  |  |
|  | Post Creek Property |  |  | Halcyon Property |  |  | Quetico Claims |  |  | Enid Creek |  |  | Lingman Lake |  |  | Maniitsoq Property |  |  | Total |
Acquisition |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, December 31, 2019 |  |  | 298 |  |  |  | 230 |  |  |  | 42 |  |  |  | 83 |  |  |  | 14 |  |  |  | 42 |  |  |  | 709 |
Acquisition costs – cash |  |  | 5 |  |  |  | 4 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 4 |  |  |  | 13 |
Balance, March 31, 2020 |  |  | 303 |  |  |  | 234 |  |  |  | 42 |  |  |  | 83 |  |  |  | 14 |  |  |  | 46 |  |  |  | 722 |
Exploration |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, December 31, 2019 |  |  | 1,498 |  |  |  | 233 |  |  |  | 39 |  |  |  | 33 |  |  |  | 13 |  |  |  | 36,108 |  |  |  | 37,924 |
Administration |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Corporate social responsibility |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1 |  |  |  | 1 |
Property maintenance |  |  | 6 |  |  |  | 5 |  |  |  | 1 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 12 |
Drilling |  |  | - |  |  |  | - |  |  |  | 2 |  |  |  | 161 |  |  |  | - |  |  |  | 10 |  |  |  | 173 |
Environmental, health and safety |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Geology |  |  | 4 |  |  |  | 3 |  |  |  | 1 |  |  |  | 55 |  |  |  | - |  |  |  | 12 |  |  |  | 75 |
Geophysics |  |  | - |  |  |  | - |  |  |  | 2 |  |  |  | 65 |  |  |  | - |  |  |  | - |  |  |  | 67 |
Helicopter charter aircraft (recovery) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Infrastructure |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Write-off |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
|  |  | 10 |  |  |  | 8 |  |  |  | 6 |  |  |  | 281 |  |  |  | - |  |  |  | 23 |  |  |  | 328 |
Balance, March 31 ,2020 |  |  | 1,508 |  |  |  | 241 |  |  |  | 45 |  |  |  | 314 |  |  |  | 13 |  |  |  | 36,131 |  |  |  | 38,252 |
Total, March 31, 2020 |  |  | 1,811 |  |  |  | 475 |  |  |  | 87 |  |  |  | 397 |  |  |  | 27 |  |  |  | 36,177 |  |  |  | 38,974 |
(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, 2018 |  |  | 288 |  |  |  | 222 |  |  |  | 42 |  |  |  | 8 |  |  |  | 42 |  |  |  | 602 |
Acquisition costs – cash |  |  | 5 |  |  |  | 4 |  |  |  | - |  |  |  | 1 |  |  |  | - |  |  |  | 10 |
Balance, March 31, 2019 |  |  | 293 |  |  |  | 226 |  |  |  | 42 |  |  |  | 9 |  |  |  | 42 |  |  |  | 612 |
Exploration |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, December 31, 2018 |  |  | 1,431 |  |  |  | 209 |  |  |  | 22 |  |  |  | - |  |  |  | 62,215 |  |  |  | 63,877 |
Administration |  |  | 1 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1 |
Corporate social responsibility |  |  | 1 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1 |
Drilling |  |  | 7 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 120 |  |  |  | 127 |
Environmental, health and safety |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 8 |  |  |  | 8 |
Geology |  |  | 4 |  |  |  | 3 |  |  |  | - |  |  |  | 2 |  |  |  | 76 |  |  |  | 85 |
Geophysics |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 27 |  |  |  | 27 |
|  |  | 13 |  |  |  | 3 |  |  |  | - |  |  |  | 2 |  |  |  | 231 |  |  |  | 249 |
Balance, March 31,2019 |  |  | 1,444 |  |  |  | 212 |  |  |  | 22 |  |  |  | 2 |  |  |  | 62,446 |  |  |  | 64,126 |
Total, March 31, 2019 |  |  | 1,737 |  |  |  | 438 |  |  |  | 64 |  |  |  | 11 |  |  |  | 62,488 |  |  |  | 64,738 |
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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