Quarterly report pursuant to Section 13 or 15(d)

Mineral Rights (Tables)

v3.20.1
Mineral Rights (Tables)
9 Months Ended
Jan. 31, 2020
Extractive Industries [Abstract]  
Schedule of Fair Value of Assets Acquired and Liabilities Assumed

Based upon the purchase price allocation, the following table summarizes the estimated relative fair value of the assets acquired and liabilities assumed at the date of acquisition:

 

Cash   $ 159,063  
Mineral property – Maggie Creek     1,986,607  
Total assets acquired at fair value     2,145,670  
Total Liabilities assumed at fair value     (125,670 )
Total purchase consideration   $ 2,020,000  

Schedule of Mineral Properties

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

 

    January 31, 2020     April 30, 2019  
      (unaudited)          
Copper King 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       -  
Total   $ 6,163,559     $ 4,176,952