Quarterly report pursuant to Section 13 or 15(d)

Mineral Rights (Tables)

v3.20.4
Mineral Rights (Tables)
 6 Months Ended
Oct. 31, 2020
Extractive Industries [Abstract]  
Schedule of Fair Value of Assets Acquired and Liabilities Assumed

Net assets purchased consist of:

 

Cash – US Dollars   $ 2,500,000  
Intangible assets – (mineral rights) Challis Gold Project     10,249,632  
Total assets acquired at fair value     12,749,632  
Total Liabilities assumed at fair value – US Dollars     (108,652 )
Total purchase consideration   $ 12,640,980  

Schedule of Mineral Properties

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

 

    October 31, 2020     April 30, 2020  
CK Gold 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       1,986,607  
Challis Gold Project     10,249,632       -  
Total   $ 16,413,191     $ 6,163,559