ASSET RETIREMENT OBLIGATION
|3 Months Ended|
Jul. 31, 2022
|Asset Retirement Obligation Disclosure [Abstract]|
|ASSET RETIREMENT OBLIGATION||
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 July 31, 2022 and 2021, accretion expense amounted to $6,274 and $4,934, respectively, and included in general and administrative expenses as reflected in the accompanying statements of operations.
No definition available.
The entire disclosure for an asset retirement obligation and the associated long-lived asset. An asset retirement obligation is a legal obligation associated with the disposal or retirement from service of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef