Annual report pursuant to Section 13 and 15(d)

Mineral Rights (Tables)

v3.20.2
Mineral Rights (Tables)
12 Months Ended
Apr. 30, 2020
Extractive Industries [Abstract]  
Schedule of Fair Value of Assets Acquired and Liabilities Assumed

. Based upon the purchase price allocation, the following table summarizes the estimated relative fair value of the assets acquired and liabilities assumed at the date of acquisition:

 

Cash   $ 159,063  
Mineral property – Maggie Creek     1,986,607  
Total assets acquired at fair value     2,145,670  
Total Liabilities assumed at fair value     (125,670 )
Total purchase consideration   $ 2,020,000  
Schedule of Mineral Properties

As of the dates presented, mineral properties consisted of the following:

 

    April 30, 2020     April 30, 2019  
Copper King Project   $ 3,091,738     $ 3,091,738  
Keystone Project     1,028,885       1,028,885  
Gold Bar North Project     56,329       56,329  
Maggie Creek Project     1,986,607       -  
Total   $ 6,163,559     $ 4,176,952