Quarterly report pursuant to Section 13 or 15(d)

Asset Retirement Obligation

Asset Retirement Obligation

3 Months Ended

Jul. 31, 2019

Asset Retirement Obligation Disclosure [Abstract]

NOTE 6 — ASSET RETIREMENT OBLIGATION

In conjunction with various permit approvals permitting the Company to undergo exploration activities at the Copper King Project and Keystone Project, the Company has recorded an ARO based upon the reclamation plans submitted in connection with the various permits.

The following table summarizes activity in the Company’s ARO:

	July 31, 2019		April 30, 2019
	(unaudited)
Balance, beginning of period	$	88,746	$	-
Addition and changes in estimates		-		81,885
Accretion expense		2,140		6,861
Balance, end of period	$	90,886	$	88,746

For the three months ended July 31, 2019 and 2018, accretion expense amounted to $2,140 and $1,254, respectively.