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Exploration and Evaluation Assets (Tables)
 9 Months Ended
Sep. 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     10       8       -       -       -       4       22  
Balance, September 30, 2020     308       238       42       83       14       46       731  
                                                         
Exploration                                                        
Balance, December 31, 2019     1,498       233       39       33       13       36,108       37,924  
Administration     -       -       -       -       -       16       16  
Property maintenance     6       5       -       -       -       17       28  
Drilling     -       -       6       166       -       -       172  
Geology     19       9       69       83       -       78       258  
Geophysics     2       1       28       72       -       3       106  
Helicopter     -       -       -       -       -       8       8  
Write-off     -       -       -       (437 )     -       -       (437 )
      27       15       103       (116 )     -       122       151  
Balance, September 30, 2020     1,525       248       142       (83 )     13       36,230       38,075  
Total, September 30, 2020     1,833       486       184       -       27       36,276       38,806  

 

(All amounts in table are expressed in thousands of Canadian dollars)

 

    Canada   US     Greenland        
   

Post Creek

Property

    

Halcyon

Property

    

Quetico

Claims

    

Lingman

Lake

     Enid Creek     Section 35 Property    

Maniitsoq

Property

    

 

Total

  
Acquisition                                                                
Balance, December 31, 2018     288       222       42       -       -       8       42       602  
Acquisition costs – cash     10       8       -       14       3       1       -       36  
Balance, September 30 2019     298       230       42       14       3       9       42       636  
                                                                 
Exploration                                                                
Balance, December 31, 2018     1,431       209       22       -       -       -       62,215       63,877  
Administration     1       1       -       -       -       -       9       11  
Corporate social
responsibility		     2       1       -       -       -       -       -       3  
Property maintenance     -       -       -       -       -       -       17       17  
Drilling     29       -       12       5       -       -       203       249  
Environmental, health
and safety		     -       -       -       -       -       -       8       8  
Geology     20       10       -       5       -       2       117       154  
Geophysics     1       1       4       2       -       1       28       37  
      53       13       16       12       -       3       382       479  
Balance, September 30 ,2019     1,484       222       38       12       -       3       62,597       64,356  
Total, September 30, 2019     1,782       452       80       26       3       12       62,639       64,994  
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