Quarterly report pursuant to Section 13 or 15(d)

Asset Retirement Obligation

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Asset Retirement Obligation
6 Months Ended
Oct. 31, 2018
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 Copper King project and Keystone project, the Company has recorded an asset retirement obligation based upon the reclamation plans submitted in connection with the various permits.

 

The following table summarizes activity in the Company’s ARO:

 

    October 31, 2018     April 30, 2018  
    (unaudited)        
Balance, beginning of period   $ -     $ -  
Addition and changes in estimates     81,884       -  
Accretion expense     2,721       -  
Balance, end of period   $ 84,605     $ -