NOTE 6 — ASSET RETIREMENT OBLIGATION

In conjunction with various permit approvals permitting the Company to undergo exploration activities at the CK Gold, Keystone and Maggie Creek projects, 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 for the periods presented:

SCHEDULE OF ASSET RETIREMENT OBLIGATION 

For the three months ended January 31, 2022 and 2021, accretion expense amounted to $5,988 and $4,585, respectively. For the nine months ended January 31, 2022 and 2021, accretion expense amounted to $16,174 and $12,973, respectively.