Quarterly report pursuant to Section 13 or 15(d)

ASSET RETIREMENT OBLIGATION

ASSET RETIREMENT OBLIGATION

6 Months Ended

Oct. 31, 2023

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 CK Gold, and Keystone 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

	October 31, 2023			April 30, 2023

Balance, beginning of period	$	285,764		$	260,196
Retired		(6,075	)		-
Accretion expense		13,930			25,568
Balance, end of period	$	293,619		$	285,764

For the six months ended October 31, 2023 and 2022, accretion expense amounted to $13,930 and $12,807, respectively. For the three months ended October 31, 2023 and 2022, accretion expense amounted to $7,186 and $6,533, respectively, and was included in general and administrative expenses as reflected in the accompanying unaudited condensed consolidated statements of operations.