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Exploration and Evaluation Assets (Tables)
 6 Months Ended
Jun. 30, 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, June 30, 2020     303       234       42       83       14       46       722  
                                                         
Exploration                                                        
Balance, December 31, 2019     1,498       233       39       33       13       36,108       37,924  
Administration     -       -       -       -       -       8       8  
Property maintenance     6       5       -       -       -       17       28  
Drilling     -       -       6       166       -       -       172  
Geology     10       6       46       83       -       51       196  
Geophysics     1       1       21       72       -       3       98  
Infrastructure     -       -       -       -       -       -       -  
Write-off     -       -       -       (437 )     -       -       (437 )
      17       12       73       (116 )     -       79       65  
Balance, June 30 ,2020     1,515       245       112       (83 )     13       36,187       37,989  
Total, June 30, 2020     1,818       479       154       -       27       36,233       38,711  

 

    Canada     US     Greenland        
   

Post Creek

Property

    

Halcyon

Property

    

Quetico

Claims

    

Lingman

Lake

     Section 35 Property    

Maniitsoq

Property

     Total  
Acquisition                                          
Balance, December 31, 2018     288       222       42       -       8       42       602  
Acquisition costs – cash     5       4       -       15       1       -       25  
Balance, June 30 2019     293       226       42       15       9       42       627  
                                                         
Exploration                                                        
Balance, December 31, 2018     1,431       209       22       -       -       62,215       63,877  
Administration     1       1       -       -       -       9       11  
Corporate social
responsibility		     1       -       -       -       -       -       1  
Property maintenance     -       -       -       -       -       17       17  
Drilling     24       -       2       3       -       191       220  
Environmental, health
and safety		     -       -       -       -       -       8       8  
Geology     15       7       -       -       2       105       129  
Geophysics     1       1       4       1       1       27       35  
      42       9       6       4       3       357       421  
Balance, June 30 ,2019     1,473       218       28       4       3       62,572       64,298  
Total, June 30, 2019     1,766       444       70       19       12       62,614       64,925  
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

300,000 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