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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2020
Income Taxes  
Schedule of Reconciliation of Expected Income Tax Recovery to Actual Income Tax Recovery

A reconciliation of the expected income tax recovery to the actual income tax recovery is as follows:

 

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

 

    Year ended December 31, 2020     Year ended December 31, 2019  
Net loss   $ (2,741 )   $ (28,859 )
Statutory tax rate     27 %     27 %
Expected income tax recovery at the statutory tax rate     (740 )     (7,792 )
Permanent differences and other     222       7,063  
Change in valuation allowance     518       729  
Net deferred income tax recovery   $ -     $ -  

Schedule of Significant Components of Deferred Income Tax Assets and Liabilities

The significant components of the Company’s deferred income tax assets and liabilities are as follows:

 

   

Year ended December 31,

2020

   

Year ended December 31,

2019

 
Exploration and evaluation assets   $ 7,198     $ 7,058  
Loss carry-forwards     4,878       4,433  
Share issuance costs     175       279  
Cumulative eligible capital     34       34  
Investment     35       -  
Equipment     102       100  
      12,422       11,904  
Valuation allowance     (12,422 )     (11,904 )
Net deferred tax asset   $ -     $ -  

Schedule of Tax Pools Relating to Deductible Temporary Differences and their Expirations

The tax pools relating to these deductible temporary differences expire as follows:

 

    Canadian
non-capital losses
    Canadian
net-capital losses
    Canadian resource pools     Canadian share issue costs  
2021   $ -     $ -     $ -     $ 319  
2022     -       -       -       209  
2023     -       -       -       93  
2024     -       -       -       25  
2030     696       -       -       -  
2031     517       -       -       -  
2032     645       -       -       -  
2033     847       -       -       -  
2034     1,484       -       -       -  
2035     2,141       -       -       -  
2036     2,213       -       -       -  
2037     2,637       -       -       -  
2038     2,656       -       -       -  
2039     2,583       -       -       -  
2040     1,592       -       -       -  
No expiry     -       57       65,775          
    $ 16,462     $ 57     $ 65,775       646