Star Gold (SRGZ) 10-K 20 Jul 17 2017 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Apr. 30, 2017	Jul. 13, 2017
Document and Entity Information [Abstract]
Entity Registrant Name	Star Gold Corp.
Document Type	10-K
Current Fiscal Year End Date	--04-30
Entity Common Stock, Shares Outstanding		54,836,726
Entity Public Float		$ 0
Amendment Flag	false
Entity Central Index Key	1,401,835
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Smaller Reporting Company
Entity Well-known Seasoned Issuer	No
Document Period End Date	Apr. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY

BALANCE SHEETS

BALANCE SHEETS - USD ($)	Apr. 30, 2017	Apr. 30, 2016
CURRENT ASSETS:
Cash and cash equivalents	$ 109,380	$ 1,785
Other current assets (NOTE 4)	15,437	8,767
TOTAL CURRENT ASSETS	124,817	10,552
EQUIPMENT AND MINING INTEREST, net (NOTE 3)	360,874	326,050
OTHER ASSETS – NON-CURRENT (NOTE 4)	11,111
RESTRICTED CASH	21,600	21,600
TOTAL ASSETS	518,402	358,202
CURRENT LIABILITIES:
Accounts payable	53,052	53,742
Other accrued liabilities		12,381
Short term notes payable, related party (NOTE 6)		15,000
TOTAL CURRENT LIABILITIES	53,052	81,123
LONG TERM LIABILITIES:
Deposits on stock subscriptions (NOTE 10)		18,000
TOTAL LONG-TERM LIABILITIES		18,000
TOTAL LIABILITIES	53,052	99,123
STOCKHOLDERS' EQUITY
Common Stock, $.001 par value; 300,000,000 shares authorized; 54,836,726 and 40,836,726 shares issued and outstanding, respectively	54,837	40,837
Additional paid-in capital	10,350,403	9,535,751
Accumulated deficit	(9,939,890)	(9,317,509)
TOTAL STOCKHOLDERS' EQUITY	465,350	259,079
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 518,402	$ 358,202

BALANCE SHEETS (Parentheticals)

BALANCE SHEETS (Parentheticals) - $ / shares	Apr. 30, 2017	Apr. 30, 2016
Preferred stock par value (in Dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock par value (in Dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	300,000,000	300,000,000
Common stock, shares issued	54,836,726	54,836,726
Common stock, shares outstanding	40,836,726	40,836,726

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Apr. 30, 2017	Apr. 30, 2016
OPERATING EXPENSE
Mineral exploration expense	$ 211,732	$ 265,444
Legal and professional fees	78,818	44,497
Management and administrative	325,187	101,961
Depreciation	4,051	5,401
TOTAL OPERATING EXPENSES	619,788	417,303
LOSS FROM OPERATIONS	(619,788)	(417,303)
OTHER INCOME (EXPENSE)
Interest expense	(628)	(711)
Interest expense, related party	(2,093)	(2,451)
Interest income	128	21
TOTAL OTHER INCOME (EXPENSE)	(2,593)	(3,141)
NET LOSS BEFORE INCOME TAXES	(622,381)	(420,444)
NET LOSS	$ (622,381)	$ (420,444)
Basic and diluted loss per share (in Dollars per share)	$ (0.01)	$ (0.01)
Basic and diluted weighted average number shares outstanding (in Shares)	48,546,315	38,890,037

STATEMENT OF CHANGES IN STOCKHO

STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
	$ 36,596	$ 9,112,889	$ (8,897,065)	$ 252,420
(in Shares)	36,595,726
	$ 4,241	419,859		424,100
(in Shares)	4,241,000
Stock-based compensation		1,503		1,503
Options issued for mining interest		1,500		1,500
Net loss			(420,444)	(420,444)
	$ 40,837	9,535,751	(9,317,509)	259,079
(in Shares)	40,836,726
	$ 14,000	686,000		700,000
(in Shares)	14,000,000
Stock-based compensation		126,777		126,777
Options issued for mining interest		1,875		1,875
Net loss			(622,381)	(622,381)
	$ 54,837	$ 10,350,403	$ (9,939,890)	$ 465,350
(in Shares)	54,836,726

STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Apr. 30, 2017	Apr. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (622,381)	$ (420,444)
Adjustments to reconcile net loss to cash used by operating activities
Stock based compensation	126,777	1,503
Depreciation	4,051	5,401
Changes in operating assets and liabilities:
Other current assets	(6,670)	62,070
Other assets	(11,111)
Accounts payable	(690)	16,566
Other accrued liabilities	(12,381)	(4,190)
Net cash used by operating activities	(522,405)	(339,094)
CASH FLOWS FROM INVESTING ACTIVITIES:
Payments for mining interest	(37,000)	(32,000)
Net cash used in investing activities	(37,000)	(32,000)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from short-term note, related party	70,000	55,000
Repayment of short-term note, related party	(85,000)	(129,579)
Proceeds from common stock subscriptions		18,000
Net proceeds from issuance of common stock and warrants	682,000	424,100
Net cash provided by financing activities	667,000	367,521
Net increase (decrease) in cash and cash equivalents	107,595	(3,573)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	1,785	5,358
CASH AND CASH EQUIVALENTS AT END OF YEAR	109,380	1,785
SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid in cash	2,846	3,614
NON-CASH FINANCING AND INVESTING ACTIVITIES:
Options issued for mining interest	1,875	1,500
Reduction of short-term promissory notes, related party by vendor refund		$ 12,337
Stock issued on common stock subscription payable	$ 18,000

NATURE OF OPERATIONS

NATURE OF OPERATIONS	12 Months Ended
	Apr. 30, 2017
Disclosure Text Block [Abstract]
Nature of Operations [Text Block]	Star Gold Corp. (the "Company") was initially incorporated as Elan Development, Inc., in the State of Nevada on December 8, 2006. The Company was originally organized to explore mineral properties in British Columbia, Canada but the Company is currently focusing on gold, silver and other base metal-bearing properties in Nevada. The Company's core business consists of assembling and/or acquiring land packages and mining claims the Company believes have potential mining reserves, and expending capital to explore these claims by drilling, and performing geophysical work or other exploration work deemed necessary. The business is a high-risk business as there is no guarantee that the Company's exploration work will ultimately discover or produce any economically viable minerals.

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Apr. 30, 2017
Significant Accounting Policies And Substantial Doubt About Going Concern [Abstract]
Significant Accounting Policies, and Substantial Doubt about Going Concern	NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation This summary of significant accounting policies is presented to assist in understanding the financial statements. The financial statements and notes are representations of the Company's management, which is responsible for their integrity and objectivity. These financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States. Going Concern As shown in the accompanying financial statements, the Company has incurred operating losses since inception. As of April 30, 2017, the Company has limited financial resources with which to achieve the objectives and obtain profitability and positive cash flows. As shown in the accompanying balance sheets and statements of operations, the Company has an accumulated deficit of $9,939,890 and, at April 30, 2017, the Company's working capital was $71,765. Achievement of the Company's objectives will be dependent upon the ability to obtain additional financing, to locate profitable mining properties and generate revenue from current and planned business operations, and control costs. The Company plans to fund its future operations by joint venturing, obtaining additional financing from investors and/or lenders, and attaining commercial production. However, there is no assurance that the Company will be able to achieve these objectives, therefore substantial doubt about its ability to continue as a going concern exists. The financial statements do not include adjustments relating to the recoverability of recorded assets nor the implications of associated bankruptcy costs should the Company be unable to continue as a going concern. In the event the Company is unable to fulfill the annual exploration expenditures as specified in the Property Option Agreement (Note 3), the Company will default on the agreement(s) and surrender its right to future claims on the respective property. Use of Estimates The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America requires the use of estimates and assumptions that affect the reported amounts of assets and liabilities at the dates of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Significant areas requiring the use of management assumptions and estimates relate to long-lived asset impairments and stock option valuation. Actual results could differ from these estimates and assumptions and could have a material effect on the Company's reported financial position and results of operations. Cash and cash equivalents For the purposes of the statement of cash flows, the Company considers all highly liquid investments with original maturities of three months or less when acquired to be cash equivalents. Restricted cash Restricted cash constitutes cash held as collateral for the faithful performance of bonds securing exploration permits. Financial Instruments The Company's financial instruments include cash and cash equivalents and reclamation bonds. All instruments are accounted for on a historical cost basis, which, due to the short maturity of these financial instruments, approximates fair value at April 30, 2017. Fair Value Measures When required to measure assets or liabilities at fair value, the Company uses a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used. The Company determines the level within the fair value hierarchy in which the fair value measurements in their entirety fall. The categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Level 1 uses quoted prices in active markets for identical assets or liabilities, Level 2 uses significant other observable inputs, and Level 3 uses significant unobservable inputs. The amount of the total gains or losses for the period are included in earnings that are attributable to the change in unrealized gains or losses relating to those assets and liabilities still held at the reporting date. Mining Interests and Mineral Exploration Expenditures Exploration costs are expensed in the period in which they occur. The Company capitalizes costs for acquiring and leasing mining properties and expenses costs to maintain mineral rights as incurred. Should a property reach the production stage, these capitalized costs would be amortized using the units-of-production method on the basis of periodic estimates of ore reserves. Mining interests are periodically assessed for impairment of value, and any subsequent losses are charged to operations at the time of impairment. If a property is abandoned or sold, its capitalized costs are charged to operations. Equipment Equipment is stated at cost. Depreciation of equipment is calculated using the straight-line method over the estimated useful lives of the assets, which ranges from three to seven years. Maintenance and repairs are charged to operations as incurred. Significant improvements are capitalized and depreciated over the useful life of the assets. Gains or losses on disposition or retirement of property and equipment are recognized in operating expenses. Reclamation and Remediation The Company's operations are subject to standards for mine reclamation that have been established by various governmental agencies. In the period in which the Company incurs a contractual obligation for the retirement of tangible long-lived assets, the Company will record the fair value of an asset retirement obligation as a liability. A corresponding asset will also be recorded and depreciated over the life of the asset. After the initial measurement of an asset retirement obligation, the liability will be adjusted at the end of each reporting period to reflect changes in the estimated future cash flows underlying the obligation. To date, the Company has not incurred any contractual obligation requiring recording either a liability or associated asset. Impaired Asset Policy The Company periodically reviews its long-lived assets to determine if any events or changes in circumstances have transpired which indicate that the carrying value of its assets may not be recoverable. The Company determines impairment by comparing the undiscounted net future cash flows estimated to be generated by its assets to their respective carrying amounts. If impairment is deemed to exist, the assets will be written down to fair value. Stock-based Compensation The Company estimates the fair value of options to purchase common stock using the Black-Scholes model, which requires the input of some subjective assumptions. These assumptions include estimating the length of time employees will retain their vested stock options before exercising them ("expected life"), the estimated volatility of the Company's common stock price over the expected term ("volatility"), employee forfeiture rate, the risk-free interest rate and the dividend yield. Changes in the subjective assumptions can materially affect the estimate of fair value of stock-based compensation. Options granted have a ten-year maximum term and varying vesting periods as determined by the Board of Directors. The value of shares of common stock awards is determined based on the closing price of the Company's stock on the date of the award. Loss Per Share Basic Earnings Per Share ("EPS") is computed as net income (loss) available to common stockholders divided by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur from common shares issuable through stock options and warrants. The outstanding securities at April 30, 2017 and 2016, that could have a dilutive effect are as follows: April 30, 2017 April 30, 2016 Stock options 5,210,000 3,083,667 Warrants 19,855,400 5,855,400 TOTAL POSSIBLE DILUTION 25,065,400 8,939,067 For the years ended April 30, 2017 and 2016, respectively, the effect of the Company's outstanding stock options and warrants would have been anti-dilutive. Income Taxes The Company recognizes a provision for income tax using the liability method. Deferred income tax liabilities or assets at the end of each period are determined using the tax rates expected to be in effect when the taxes are paid or recovered. A valuation allowance is recognized on deferred tax assets when it is more likely than not that some or all of these deferred tax assets will not be realized. Reclassifications Certain reclassifications have been made to the 2016 financial statements in order to conform to the 2017 presentation. These reclassifications have no effect on net loss, total assets or accumulated deficit as previously reported. New Accounting Pronouncements In November 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2015-17 Income Taxes - Balance Sheet Classification of Deferred Taxes (Topic 740). The update is designed to reduce complexity of reporting deferred income tax liabilities and assets into current and non-current amounts in a statement of financial position. ASU No. 2015-17 requires the presentation of deferred income taxes, changes to deferred tax liabilities and assets be classified as non-current in the statement of financial position. The update is effective for fiscal years beginning after December 15, 2016. The Company is currently evaluating the impact of implementing this update on the financial statements. In March 2016, the FASB issued ASU No. 2016-09 Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. The update simplifies the accounting for stock-based compensation, including income tax consequences and balance sheet and cash flow statement classification of awards. The update is effective for fiscal years beginning after December 15, 2016, with early adoption permitted. The Company is currently evaluating the impact of implementing this update on the financial statements. In August 2016, the FASB issued ASU No. 2016-15 Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments. The update provides guidance on classification for cash receipts and payments related to eight specific issues. The update is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years, with early adoption permitted. The Company is currently evaluating the impact of implementing this update on the financial statements. In January 2017, the FASB issued ASU No. 2017-01 Business Combinations (Topic 805): Clarifying the Definition of a Business. The update clarifies the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The update is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. The Company will apply the provisions of the update to potential future acquisitions occurring after the effective date. Other accounting standards that have been issued or proposed by FASB that do not require adoption until a future date are not expected to have a material impact on the financial statements upon adoption.

EQUIPMENT AND MINING INTEREST

EQUIPMENT AND MINING INTEREST	12 Months Ended
	Apr. 30, 2017
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	NOTE 3– EQUIPMENT AND MINING INTEREST The following is a summary of the Company's equipment and mining interest at April 30, 2017 and April 30, 2016. April 30, 2017 April 30, 2016 Equipment $ 27,007 $ 27,007 Less accumulated depreciation (27,007 ) (22,956 ) Equipment, net of accumulated depreciation - 4,051 Mining interest - Longstreet 360,874 321,999 TOTAL EQUIPMENT AND MINING INTEREST $ 360,874 $ 326,050 Pursuant to the Longstreet Property Option Agreement (the "Longstreet Agreement") entered into by the Company on or about January 15, 2010, the Company leases, with an option to acquire, unpatented mining claims located in the State of Nevada known as the Longstreet Property. On December 10, 2014, the Longstreet Agreement was amended revising the required expenditures and annual stock option obligation. On January 5, 2016, the Longstreet Agreement was further amended revising the required expenditures and annual stock option obligation. All allowable expenditures in excess of the required annual expenditures shall be carried-over to the subsequent year. The Company is also obligated, pursuant to the Longstreet Agreement, as amended, to pay an annual advance royalty payment of $12,000 related to the Clifford claims. For the year ended April 30, 2016, the Company made an annual required payment to the optioner of $20,000 which is included in "Equipment and Mining Interest". The Company issued options to purchase 25,000 shares of common stock with fair value of $1,500 (Note 8). For the year ended April 30, 2017, the Company paid the annual $12,000 advance royalty for additional mining interest on the Longstreet Property related to the Clifford claims. The Company also made an annual required payment to the optioner of $25,000 which is included in "Equipment and Mining Interest". The Company issued options to purchase 25,000 shares of common stock with fair value of $1,875. The schedule of annual payments, minimum expenditures and number of stock options to be issued pursuant to the amended Longstreet Agreement of January 5, 2016, is as follows: Required annual expenditure between: Required Expenditure Cash payment (1) Stock options January 17, 2017 through January 16, 2018 $ 300,000 $ 35,000 40,000 January 17, 2018 through January 16, 2019 500,000 40,000 45,000 January 17, 2019 through January 16, 2020 700,000 45,000 50,000 Payment due upon transfer but no later than January 16, 2021 - 85,000 - TOTAL $ 1,500,000 $ 205,000 135,000 (1) Does not include $12,000 annual advance royalty payment related to Clifford claims. As of the measurement date of January 31, 2017, the Company made cumulative allowable expenditures of $2,319,581, a surplus of $269,581 over the required cumulative expenditures of $2,050,000. As of April 30, 2017, the Company was in compliance with all provisions of the Longstreet Agreement.

OTHER ASSETS

OTHER ASSETS	12 Months Ended
	Apr. 30, 2017
Disclosure Text Block Supplement [Abstract]
Other Assets Disclosure [Text Block]	NOTE 4 –OTHER ASSETS On January 19, 2017, the Company entered into an Option and Lease of Water Rights with Stone Cabin Company, LLC (the "Water Rights Agreement"). In exchange for a one-time payment of $20,000, the Water Rights Agreement granted the Company a three-year option to commence a ten-year lease of certain water rights in Nevada. The water rights are for use in conjunction with the Company's Longstreet Project. Lease payments for the water rights do not commence unless the Company exercises the option to lease. The Water Rights Agreement also granted the Company the ability to extend, upon additional option payments, the option to lease for up to an additional three years and the ability to extend the water rights lease (if exercised) for an additional ten-year period. The $20,000 payment has been deferred and is being amortized on a straight-line basis over the three year option period. The following is a summary of the Company's other assets at April 30, 2017 and April 30, 2016. April 30, 2017 April 30, 2016 Option on water rights lease agreement $ 17,777 $ - Prepaid insurance 8,771 8,767 Subtotal 26,548 8,767 Less Other Assets - Current (15,437 ) (8,767 ) TOTAL OTHER ASSETS - NON-CURRENT $ 11,111 $ -

INCOME TAXES

INCOME TAXES	12 Months Ended
	Apr. 30, 2017
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	NOTE 5 - INCOME TAXES There were no income tax provision (benefit) for the years ended April 30, 2017 and 2016. The components of the Company's net deferred tax assets are as follows: April 30, 2017 April 30, 2016 Net operating loss carryforward $ 1,569,700 $ 1,371,800 Stock-based compensation 193,900 193,300 Equipment and mining interests 668,000 645,000 3,700 3,700 TOTAL 2,435,300 2,213,800 Valuation allowance (2,435,300 ) (2,213,800 ) DEFERRED TAX ASSET $ - $ - Deferred income taxes arise from timing differences resulting from income and expense items reported for financial accounting and tax purposes in different periods. A deferred tax asset valuation allowance is recorded when it is more likely than not that deferred tax assets will not be realized. As management of the Company cannot determine that it is more likely than not that the Company will realize the benefit of the net deferred tax assets, a valuation allowance equal to 100% of the deferred tax assets has been recorded at April 30, 2017 and 2016. A reconciliation between the statutory federal income tax rate and the Company's tax provision is as follows: April 30, 2017 2016 Expected income tax benefit based on statutory rate $ (217,800 ) (35 %) $ (147,100 ) (35 %) Effect of state taxes (6,200 ) (1 %) (4,200 ) (1 %) Other 2,500 - (4,400 ) (1 %) Change in valuation allowance 221,500 36 % 155,700 37 % TOTAL INCOME TAX BENEFIT $ - - % $ - - % At April 30, 2017 and 2016, respectively, the Company had federal and state net operating loss carry forwards of approximately $4,310,000 and $3,810,000 which will expire in fiscal years ending April 30, 2031 through April 30, 2037. The Company has no tax position at April 30, 2017 and 2016 for which the ultimate deductibility is highly certain but for which there is uncertainty about the timing of such deductibility. It is not anticipated that unrecognized tax benefits would significantly increase or decrease within 12 months of the reporting date. The Company recognizes interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses. No such interest or penalties were recognized during the periods presented. The Company had no accruals for interest and penalties at April 30, 2017 and 2016. The Company's federal income tax returns for fiscal years 2015 through 2017 remain open and subject to examination.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Apr. 30, 2017
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	NOTE 6– RELATED PARTY TRANSACTIONS On or about June 30, 2015, the Company entered into a Lease Termination Agreement with Marlin. The Termination Agreement was effective as of June 1, 2015 and relieved the Company of all obligations under the terms of the lease after that date due to financial constraints on the Company. For the years ended April 30, 2017 and 2016, the Company paid the related party $6,250 and $2,855, respectively, for office rental. The Company continued to rent office space from Marlin on a month-to-month basis as financial resources were available. The Company currently pays $250 per month plus a proportionate share of utilities and insurance. The Company has had short term promissory notes with its Chairman of the Board as follows: · On March 16, April 10 and April 14, 2015 in the aggregate amount of $101,916; matured on December 31, 2015; and bore interest at 8% per annum with bi-monthly payments of $450 commencing on August 1, 2015. The notes and accrued interest were paid during the year ended April 30, 2016. · On May 27, 2015 in the amount of $40,000; matured on December 31, 2015; and bore interest at 8% per annum with bi-monthly payments of $450 commencing on August 1, 2015. The note was paid in full during the year ended April 30, 2016. · On March 20, 2016 in the amount of $15,000 with an original maturity date of December 31, 2016. The full amount of principal and all accrued interest was paid on August 23, 2016. · On May 4, 2016 in the amount of $70,000 with an original maturity date of December 31, 2016. The full amount of principal and all accrued interest were paid in full on August 23, 2016. For the year ended April 30, 2017 and 2016, interest expense on these notes in aggregate was $2,093 and $2,451, respectively. At April 30, 2017 and 2016, accrued interest associated with these notes was $Nil and $131, respectively, and is included in other accrued liabilities on the balance sheet.

WARRANTS

WARRANTS	12 Months Ended
	Apr. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities Disclosure [Text Block]	NOTE 7 - WARRANTS The following is a summary of the Company's warrants activity: Warrants Weighted Average Exercise Price Balance outstanding at April 30, 2015 1,614,400 $ 0.23 Issued – October 12, 2015 (Note 9) 4,241,000 0.20 Balance outstanding at April 30, 2016 5,855,400 $ 0.21 Issued – October 12, 2016 (Note 9) 14,000,000 0.15 Balance outstanding at April 30, 2017 19,855,400 $ 0.17 The composition of the Company's warrants outstanding at April 30, 2017, is as follows: Issue Date Expiration Date Warrants Exercise Price July 29, 2014 July 29, 2019 1,614,400 $ 0.23 October 12, 2015 October 12, 2020 4,241,000 0.20 October 12, 2016 October 12, 2021 14,000,000 0.15 19,855,400 $ 0.17

NOTE 8 - STOCK OPTIONS

NOTE 8 - STOCK OPTIONS	12 Months Ended
	Apr. 30, 2017
Disclosure Text Block [Abstract]
Fair Value, Option [Text Block]	NOTE 8 - STOCK OPTIONS Options issued for mining interest In consideration for mining interests (see Note 3), the Company is obligated to issue stock options to purchase shares of the Company's common stock based on "fair market price" which for financial statement purposes is considered to be the closing price of the Company's common stock on the issue dates. The Company estimated the fair value of these option grants using the Black-Scholes model with the following information and range of assumptions: For the year ended April 30, 2017 2016 Options issued 25,000 25,000 Expected volatility 320.9 % 359.7 % Expected term 10 years 10 years Risk free rate 2.4 % 1.94 % The following is a summary of the Company's options issued and outstanding in conjunction with certain mining interest agreements on properties for the year ended April 30, 2017 and April 30, 2016, respectively: For the year ended April 30, 2017 For the year ended April 30, 2016 Options Price (a) Options Price (a) Beginning balance 375,000 $ 0.32 350,000 $ 0.34 Issued 25,000 0.08 25,000 0.06 Exercised - - - - Expired - - - - Ending balance 400,000 $ 0.30 375,000 $ 0.32 (a) Fair value of the option grants for mining interests for the years ended April 30, 2017 and 2016, was $1,875 and $1,500, respectively. Those costs are capitalized as Mining Interests (Note 3). As of April 30, 2017, the remaining weighted average term of the option grants for mining interest was 4.83 years. Options issued for consulting services As per an agreement fully executed on October 3, 2012, in consideration for consulting and advisory services rendered, the Company was obligated to issue a total of 1,000 stock options based on 5-day variable weighted-average price (VWAP) at the end of each month of the associated consulting contract. The stock options had a term of 1 year. The consultant options vested on the first day of the following month of service and were exercisable for a period of nine months following the termination of the agreement. The Company estimated the fair value of these option grants using the Black-Scholes model with the following information and range of assumptions: For the year ended April 30, 2017 2016 Options issued 3,000 12,000 Weighted average exercise price $ 0.06 $ 0.08 Volatility 440.2% to 452.3% 241.6% to 465.2% Expected term (years) 1 1 Risk free rate 0.54% to 0.62% 0.25% to 0.68% The following is a summary of the Company's options issued and outstanding associated with the consulting agreement: For the year ended April 30, 2017 2016 Options Price (a) Options Price (a) Beginning balance 12,000 $ 0.16 12,000 $ 0.19 Issued 3,000 0.06 12,000 0.08 Exercised - - Rescinded/expired (15,000 ) (0.10 ) (12,000 ) (0.19 ) Ending balance - $ - 12,000 $ 0.16 (a) Total charged against operations under the option grants for consulting services was $215 and $1,503, for the years ended April 30, 2017 and 2016, respectively. These costs are classified as management and administrative expense. Effective August 1, 2016, the consulting agreement was terminated and all outstanding options issued for consulting services were rescinded by mutual consent of the parties. Options issued under the 2011 Stock Option/Restricted Plan The Company established the 2011 Stock Option/Restricted Stock Plan. The Stock Option Plan is administered by the Board of Directors and provides for the grant of stock options to eligible individual including directors, executive officers and advisors that have furnished bona fide services to the Company not related to the sale of securities in a capital-raising transaction. The Stock Option Plan has a fixed maximum percentage of 10% of the Company's outstanding shares that are eligible for the plan pool, whereby the number of Shares under the plan increases automatically increases as the total number of shares outstanding increase. The number of shares subject to the Stock Option Plan and any outstanding awards will be adjusted appropriately by the Board of Directors if the Company's common stock is affected through a reorganization, merger, consolidation, recapitalization, restructuring, reclassification dividend (other than quarterly cash dividends) or other distribution, stock split, spin-off or sale of substantially all of the Company's assets. The Stock Option plan also has terms and conditions, including without limitations that the exercise price for stock options granted under the Stock Option Plan must equal the stock's fair market value, based on the closing price per share of common stock, at the time the stock option is granted. The fair value of each option award is estimated on the date of grant utilizing the Black-Scholes model and commonly utilized assumptions associated with the Black-Scholes methodology. Options granted under the Plan have a ten-year maximum term and varying vesting periods as determined by the Board. On October 18, 2016, the Company rescinded 2,696,667 fully vested options previously granted under the Stock Option plan with a weighted average exercise price of $0.37. The Company re-issued the options and granted an additional 2,116,333 options to purchase shares of the Company's common stock, or a total of 4,810,000 options, with an exercise price of $0.06 per share. The options vested immediately and have a term of 5 years. The Company accounted for the repricing as a modification of stock option terms. The incremental fair value of the modified options over the fair value of the original options and the fair value of the new options was $126,562 and has been recognized stock-based compensation for the year ended April 30, 2017. No options were issued during the year ended April 30, 2016. The Company estimated the fair value of these option grants using the Black-Scholes model with the following information and range of assumptions: For the year ended April 30 2017 Options re-priced/issued 4,810,000 Expected volatility 329.9 % Expected term 5 years Risk free rate 1.24 % The following is a summary of the Company's options issued and outstanding in conjunction with the Company's Stock Option Plan: For the year ended April 30, 2017 2016 Options Price (a) Options Price (a) Beginning balance 2,696,667 $ 0.37 2,696,667 $ 0.37 Issued 4,810,000 0.06 - - Exercised - - - - Expired/Repriced (2,696,667 ) (0.37 ) - - Ending balance 4,810,000 $ 0.06 2,696,667 $ 0.37 (a) The following table summarizes additional information about the options under the Company's Stock Option Plan as of April 30, 2017: Options outstanding and exercisable Date of Grant Shares Price Remaining Term October 18, 2016 4,810,000 $ 0.06 4.47 Total options 4,810,000 $ 0.06 4.47 The total value of the Plan stock option awards is expensed ratably over the vesting period of the employees receiving the awards. As of April 30, 2017, there was no unrecognized compensation cost related to stock-based options and awards. The following is a summary of the Company's stock options outstanding and exercisable: Options issued for: Expiration Date Options Weighted Average Exercise Price Mining interests April 22, 2019 to January 15, 2025 400,000 $ 0.30 Stock option plan October 18, 2021 4,810,000 0.06 Outstanding and exercisable at April 30, 2017 5,210,000 $ 0.08 The aggregate intrinsic value of all options vested and exercisable at April 30, 2017, was $228,470 based on the Company's closing price of $0.107 per common share at April 30, 2017. The Company's current policy is to issue new shares to satisfy option exercises.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	12 Months Ended
	Apr. 30, 2017
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	NOTE 9 – STOCKHOLDERS' EQUITY On October 12, 2015, the Company issued 4,241,000 shares of its common stock and warrants to purchase an additional 4,241,000 shares of its common stock to 13 investors pursuant to a private placement of its securities (the "2015 Offering"). The 2015 Offering consisted of the sale of "units" of the Company's securities at the per unit price of $0.10. Warrants issued pursuant to the 2015 Offering entitle the holders thereof to purchase shares of common stock for the price of $0.20 per share. The term of each warrant is for five years commencing with its issuance date. The Company closed the 2015 Offering and raised a total of $424,100, net of offering costs. Once the Company has obtained a Record of Decision from the federal Bureau of Land Management approving an Environmental Impact Statement for the Longstreet Project, the Company, at its sole discretion may call the Warrants issued hereunder as due and exercisable by providing holders of Warrants with 45-day written notice of same. On October 12, 2016, the Company issued 14,000,000 shares of its common stock and warrants to purchase an additional 14,000,000 shares of its common stock to 24 investors pursuant to a private placement of its securities (the "2016 Offering"). The 2016 Offering consisted of the sale of "units" of the Company's securities at the per unit price of $0.05. Warrants issued pursuant to the 2016 Offering entitled the holders thereof to purchase shares of common stock for the price of $0.15 per share. The term of each warrant is for five years commencing with its issuance date. The Company closed the 2016 Offering having raised a total of $700,000 ($18,000 in fiscal year ended April 30, 2016 and $682,000 in the year ended April 30, 2017).

SIGNIFICANT ACCOUNTING POLICI16

SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Apr. 30, 2017
Significant Accounting Policies And Substantial Doubt About Going Concern [Abstract]
Earnings Per Share, Potentially Dilutive Securities	April 30, 2017 April 30, 2016 Stock options 5,210,000 3,083,667 Warrants 19,855,400 5,855,400 TOTAL POSSIBLE DILUTION 25,065,400 8,939,067

EQUIPMENT AND MINING INTEREST (

EQUIPMENT AND MINING INTEREST (Tables)	12 Months Ended
	Apr. 30, 2017
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	April 30, 2017 April 30, 2016 Equipment $ 27,007 $ 27,007 Less accumulated depreciation (27,007 ) (22,956 ) Equipment, net of accumulated depreciation - 4,051 Mining interest - Longstreet 360,874 321,999 TOTAL EQUIPMENT AND MINING INTEREST $ 360,874 $ 326,050
Contractual Obligation, Fiscal Year Maturity Schedule [Table Text Block]	Required annual expenditure between: Required Expenditure Cash payment (1) Stock options January 17, 2017 through January 16, 2018 $ 300,000 $ 35,000 40,000 January 17, 2018 through January 16, 2019 500,000 40,000 45,000 January 17, 2019 through January 16, 2020 700,000 45,000 50,000 Payment due upon transfer but no later than January 16, 2021 - 85,000 - TOTAL $ 1,500,000 $ 205,000 135,000

OTHER ASSETS (Tables)

OTHER ASSETS (Tables)	12 Months Ended
	Apr. 30, 2017
Disclosure Text Block Supplement [Abstract]
Schedule of Other Current Assets [Table Text Block]	April 30, 2017 April 30, 2016 Option on water rights lease agreement $ 17,777 $ - Prepaid insurance 8,771 8,767 Subtotal 26,548 8,767 Less Other Assets - Current (15,437 ) (8,767 ) TOTAL OTHER ASSETS - NON-CURRENT $ 11,111 $ -

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Apr. 30, 2017
Income Tax Disclosure [Abstract]
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	April 30, 2017 April 30, 2016 Net operating loss carryforward $ 1,569,700 $ 1,371,800 Stock-based compensation 193,900 193,300 Equipment and mining interests 668,000 645,000 3,700 3,700 TOTAL 2,435,300 2,213,800 Valuation allowance (2,435,300 ) (2,213,800 ) DEFERRED TAX ASSET $ - $ -
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	April 30, 2017 2016 Expected income tax benefit based on statutory rate $ (217,800 ) (35 %) $ (147,100 ) (35 %) Effect of state taxes (6,200 ) (1 %) (4,200 ) (1 %) Other 2,500 - (4,400 ) (1 %) Change in valuation allowance 221,500 36 % 155,700 37 % TOTAL INCOME TAX BENEFIT $ - - % $ - - %

WARRANTS (Tables)

WARRANTS (Tables)	12 Months Ended
	Apr. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Warrant Activity	Warrants Weighted Average Exercise Price Balance outstanding at April 30, 2015 1,614,400 $ 0.23 Issued – October 12, 2015 (Note 9) 4,241,000 0.20 Balance outstanding at April 30, 2016 5,855,400 $ 0.21 Issued – October 12, 2016 (Note 9) 14,000,000 0.15 Balance outstanding at April 30, 2017 19,855,400 $ 0.17
Schedule of Warrants Issued and Outstanding	Issue Date Expiration Date Warrants Exercise Price July 29, 2014 July 29, 2019 1,614,400 $ 0.23 October 12, 2015 October 12, 2020 4,241,000 0.20 October 12, 2016 October 12, 2021 14,000,000 0.15 19,855,400 $ 0.17

NOTE 8 - STOCK OPTIONS (Tables)

NOTE 8 - STOCK OPTIONS (Tables)	12 Months Ended
	Apr. 30, 2017
Disclosure Text Block [Abstract]
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	For the year ended April 30, 2017 2016 Options issued 25,000 25,000 Expected volatility 320.9 % 359.7 % Expected term 10 years 10 years Risk free rate 2.4 % 1.94 %
Share-based Compensation, Stock Options, Activity, Issued for Acquisition	For the year ended April 30, 2017 For the year ended April 30, 2016 Options Price (a) Options Price (a) Beginning balance 375,000 $ 0.32 350,000 $ 0.34 Issued 25,000 0.08 25,000 0.06 Exercised - - - - Expired - - - - Ending balance 400,000 $ 0.30 375,000 $ 0.32
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions, Acquisition	For the year ended April 30, 2017 2016 Options issued 3,000 12,000 Weighted average exercise price $ 0.06 $ 0.08 Volatility 440.2% to 452.3% 241.6% to 465.2% Expected term (years) 1 1 Risk free rate 0.54% to 0.62% 0.25% to 0.68%
Share-based Compensation, Stock Options, Activity, Issued for Services	For the year ended April 30, 2017 2016 Options Price (a) Options Price (a) Beginning balance 12,000 $ 0.16 12,000 $ 0.19 Issued 3,000 0.06 12,000 0.08 Exercised - - Rescinded/expired (15,000 ) (0.10 ) (12,000 ) (0.19 ) Ending balance - $ - 12,000 $ 0.16
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions, Issued for Services	For the year ended April 30 2017 Options re-priced/issued 4,810,000 Expected volatility 329.9 % Expected term 5 years Risk free rate 1.24 %
Share-based Compensation, Stock Options, Activity [Table Text Block]	For the year ended April 30, 2017 2016 Options Price (a) Options Price (a) Beginning balance 2,696,667 $ 0.37 2,696,667 $ 0.37 Issued 4,810,000 0.06 - - Exercised - - - - Expired/Repriced (2,696,667 ) (0.37 ) - - Ending balance 4,810,000 $ 0.06 2,696,667 $ 0.37
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]	Options outstanding and exercisable Date of Grant Shares Price Remaining Term October 18, 2016 4,810,000 $ 0.06 4.47 Total options 4,810,000 $ 0.06 4.47
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable [Table Text Block]	Options issued for: Expiration Date Options Weighted Average Exercise Price Mining interests April 22, 2019 to January 15, 2025 400,000 $ 0.30 Stock option plan October 18, 2021 4,810,000 0.06 Outstanding and exercisable at April 30, 2017 5,210,000 $ 0.08

SIGNIFICANT ACCOUNTING POLICI22

SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)	Apr. 30, 2017	Apr. 30, 2016
Significant Accounting Policies And Substantial Doubt About Going Concern [Abstract]
Retained Earnings (Accumulated Deficit)	$ (9,939,890)	$ (9,317,509)
Working Capital	$ 71,765

SIGNIFICANT ACCOUNTING POLICI23

SIGNIFICANT ACCOUNTING POLICIES (Details) - Potential Dilutive Securities - USD ($)	12 Months Ended
	Apr. 30, 2017	Apr. 30, 2016
Potential Dilutive Securities [Abstract]
Stock options	$ 5,210,000	$ 3,083,667
Warrants	19,855,400	5,855,400
TOTAL POSSIBLE DILUTION	$ 25,065,400	$ 8,939,067

EQUIPMENT AND MINING INTEREST24

EQUIPMENT AND MINING INTEREST (Details) - USD ($)	1 Months Ended	12 Months Ended		72 Months Ended
	Jan. 31, 2017	Apr. 30, 2017	Apr. 30, 2016	Jan. 05, 2016
Property, Plant and Equipment [Abstract]
Amortization of Advance Royalty		$ 12,000		$ 12,000
Contractual Obligation		$ 25,000	$ 20,000
Options Issued During Period, Options, Acquisition (in Shares)		25,000	25,000
Options Issued During Period, Value, Acquisitions		$ 1,875	$ 1,500
Costs Incurred, Exploration Costs	$ 2,319,581
Costs Incurred, Exploration Costs, Surplus		$ 269,581
Exploration Costs, Cumulative	$ 2,050,000

EQUIPMENT AND MINING INTEREST25

EQUIPMENT AND MINING INTEREST (Details) - Property, Plant and Equipment - USD ($)	Apr. 30, 2017	Apr. 30, 2016
Property, Plant and Equipment [Abstract]
Equipment	$ 27,007	$ 27,007
Less accumulated depreciation	(27,007)	(22,956)
Equipment, net of accumulated depreciation		4,051
Mining interest - Longstreet	360,874	321,999
TOTAL EQUIPMENT AND MINING INTEREST	$ 360,874	$ 326,050

EQUIPMENT AND MINING INTEREST26

EQUIPMENT AND MINING INTEREST (Details) - Contractual Obligation, Fiscal Year Maturity Schedule - USD ($)	12 Months Ended
	Jan. 16, 2021	Jan. 16, 2020	Jan. 16, 2019	Jan. 16, 2018	Apr. 30, 2017	Apr. 30, 2016
Contractual Obligation, Fiscal Year Maturity Schedule [Abstract]
		$ 700,000	$ 500,000	$ 300,000
	$ 85,000	45,000	40,000	35,000	$ 1,875	$ 1,500
		$ 50,000	$ 45,000	$ 40,000
TOTAL	1,500,000
TOTAL	205,000
TOTAL	$ 135,000

OTHER ASSETS (Details)

OTHER ASSETS (Details)	120 Months Ended
	Jan. 18, 2027USD ($)
Disclosure Text Block Supplement [Abstract]
Payments for Purchase of Other Assets	$ 20,000

OTHER ASSETS (Details) - Other

OTHER ASSETS (Details) - Other Assets - USD ($)	Apr. 30, 2017	Apr. 30, 2016
Other Assets [Abstract]
Option on water rights lease agreement	$ 17,777
Prepaid insurance	8,771	$ 8,767
Subtotal	26,548	8,767
Less Other Assets - Current	15,437	$ 8,767
TOTAL OTHER ASSETS - NON-CURRENT	$ 11,111

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	24 Months Ended
	Apr. 30, 2017	Apr. 30, 2016
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent	100.00%
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration	$ 4,310,000	$ 3,810,000

INCOME TAXES (Details) - Deferr

INCOME TAXES (Details) - Deferred Tax Assets and Liabilities - USD ($)	Apr. 30, 2017	Apr. 30, 2016
Deferred Tax Assets and Liabilities [Abstract]
Net operating loss carryforward	$ 1,569,700	$ 1,371,800
Stock-based compensation	193,900	193,300
Equipment and mining interests	668,000	645,000
Other	3,700	3,700
TOTAL	2,435,300	2,213,800
Valuation allowance	(2,435,300)	(2,213,800)
DEFERRED TAX ASSET	$ 0	$ 0

INCOME TAXES (Details) - Compon

INCOME TAXES (Details) - Components of Income Tax Expense - USD ($)	12 Months Ended		24 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2017
INCOME TAXES (Details) - Components of Income Tax Expense [Line Items]
Change in valuation allowance			100.00%
Percent
INCOME TAXES (Details) - Components of Income Tax Expense [Line Items]
Expected income tax benefit based on statutory rate	(35.00%)	(35.00%)
Effect of state taxes	(1.00%)	(1.00%)
Other		(1.00%)
Change in valuation allowance	36.00%	37.00%
TOTAL INCOME TAX BENEFIT	0.00%	0.00%
Value
INCOME TAXES (Details) - Components of Income Tax Expense [Line Items]
Expected income tax benefit based on statutory rate	$ (217,800)	$ (147,100)
Effect of state taxes	(6,200)	(4,200)
Other	2,500	(4,400)
Change in valuation allowance	221,500	155,700
TOTAL INCOME TAX BENEFIT	$ 0	$ 0

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($)	9 Months Ended	12 Months Ended		21 Months Ended
	Apr. 30, 2016	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2017	May 04, 2016	Mar. 20, 2016	May 27, 2015
Related Party Transactions [Abstract]
Lease, Cost		$ 6,250	$ 2,855
Utilities Costs		250
Due to Officers or Stockholders		$ 101,916		$ 101,916	$ 70,000	$ 15,000	$ 40,000
Debt Instrument, Interest Rate, Effective Percentage		8.00%		8.00%			8.00%
Debt Instrument, Periodic Payment	$ 450			$ 450
Interest Expense, Related Party		$ 2,093	2,451
Interest Payable	$ 131		$ 131

WARRANTS (Details) - Warrant Ac

WARRANTS (Details) - Warrant Activity - $ / shares	Apr. 30, 2017	Oct. 12, 2016	Apr. 30, 2016	Oct. 12, 2015	Apr. 30, 2015	Jul. 29, 2014
WARRANTS (Details) - Warrant Activity [Line Items]
		14,000,000		4,241,000		1,614,400
Warrants
WARRANTS (Details) - Warrant Activity [Line Items]
	19,855,400		5,855,400		1,614,400
		14,000,000		4,241,000
Weighted Average Exercise Price
WARRANTS (Details) - Warrant Activity [Line Items]
	$ 0.17		$ 0.21		$ 0.23
		$ 0.15		$ 0.20

WARRANTS (Details) - Warrants O

WARRANTS (Details) - Warrants Outstanding - shares	Oct. 12, 2016	Oct. 12, 2015	Jul. 29, 2014
Warrants Outstanding [Abstract]
	14,000,000	4,241,000	1,614,400
	19,855,400

NOTE 8 - STOCK OPTIONS (Details

NOTE 8 - STOCK OPTIONS (Details) - USD ($)	6 Months Ended	12 Months Ended				18 Months Ended
	Apr. 30, 2017	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2016	Apr. 30, 2013	Oct. 18, 2016
Disclosure Text Block [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value		$ 1,875	$ 1,500
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term		4 years 302 days
Options Issued During Period, Options, Issued for Services (in Shares)					1,000
Options Issued During Period, Value, Issued for Services	$ 126,562	$ 215		$ 1,503
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Forfeitures (in Shares)						2,696,667
Share-based Compensation Arrangements by Share-based Payment Award, Options, Forfeitures in Period, Weighted Average Exercise Price (in Dollars per share)						$ 0.37
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures (in Shares)	4,810,000	4,810,000
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in Dollars per share)	$ 0.06
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value	$ 228,470	$ 228,470
Share Price (in Dollars per share)	$ 0.107	$ 0.107

NOTE 8 - STOCK OPTIONS (Detai36

NOTE 8 - STOCK OPTIONS (Details) - Stock Options, Valuation Assumptions - shares	12 Months Ended
	Apr. 30, 2017	Apr. 30, 2016
Stock Options, Valuation Assumptions [Abstract]
Options issued (in Shares)	25,000	25,000
Expected volatility	320.90%	359.70%
Expected term	10 years	10 years
Risk free rate	1.24%	1.94%

NOTE 8 - STOCK OPTIONS (Detai37

NOTE 8 - STOCK OPTIONS (Details) - Stock Options Outstanding, Issued for Acquisition - USD ($)	6 Months Ended	12 Months Ended
	Apr. 30, 2017	Apr. 30, 2017	Apr. 30, 2016
NOTE 8 - STOCK OPTIONS (Details) - Stock Options Outstanding, Issued for Acquisition [Line Items]
Issued	$ 0.06
Ending balance		$ 0.06	$ 0.08
Options
NOTE 8 - STOCK OPTIONS (Details) - Stock Options Outstanding, Issued for Acquisition [Line Items]
Beginning balance (in Dollars)		$ 375,000	$ 350,000
Issued (in Shares)		25,000	25,000
Ending balance (in Shares)		400,000	375,000
Price
NOTE 8 - STOCK OPTIONS (Details) - Stock Options Outstanding, Issued for Acquisition [Line Items]
Beginning balance		$ 0.32	$ 0.34
Issued		0.08	0.06
Ending balance		$ 0.30	$ 0.32

NOTE 8 - STOCK OPTIONS (Detai38

NOTE 8 - STOCK OPTIONS (Details) - Stock Options, Valuation Assumptions, Issued for Acquisition - $ / shares	12 Months Ended
	Apr. 30, 2017	Apr. 30, 2016
Stock Options, Valuation Assumptions, Issued for Acquisition [Abstract]
Options issued	3,000	12,000
Weighted average exercise price	$ 0.06	$ 0.08
Expected term (years)	10 years	10 years

NOTE 8 - STOCK OPTIONS (Detai39

NOTE 8 - STOCK OPTIONS (Details) - Stock Options Outstanding, Issued for Services - USD ($)	12 Months Ended		18 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Oct. 18, 2016
NOTE 8 - STOCK OPTIONS (Details) - Stock Options Outstanding, Issued for Services [Line Items]
Rescinded/expired			$ 0.37
Options
NOTE 8 - STOCK OPTIONS (Details) - Stock Options Outstanding, Issued for Services [Line Items]
Beginning balance (in Shares)	12,000	12,000
Issued (in Shares)	3,000	12,000
Rescinded/expired (in Dollars)	$ (15,000)	$ (12,000)
Ending balance (in Shares)		12,000
Price
NOTE 8 - STOCK OPTIONS (Details) - Stock Options Outstanding, Issued for Services [Line Items]
Beginning balance	$ 0.16	$ 0.19
Issued	0.06	0.08
Rescinded/expired	$ (0.10)	(0.19)
Ending balance		$ 0.16

NOTE 8 - STOCK OPTIONS (Detai40

NOTE 8 - STOCK OPTIONS (Details) - Stock Options, Valuation Assumptions, Issued for Services - shares	6 Months Ended	12 Months Ended
	Apr. 30, 2017	Apr. 30, 2017	Apr. 30, 2016
Stock Options, Valuation Assumptions, Issued for Services [Abstract]
Options re-priced/issued (in Shares)	4,810,000	4,810,000
Expected volatility		320.90%	359.70%
Expected term		10 years	10 years
Risk free rate		1.24%	1.94%

NOTE 8 - STOCK OPTIONS (Detai41

NOTE 8 - STOCK OPTIONS (Details) - Stock Options Outstanding, Stock Option Plan - $ / shares	6 Months Ended	12 Months Ended		18 Months Ended
	Apr. 30, 2017	Apr. 30, 2017	Apr. 30, 2016	Oct. 18, 2016
NOTE 8 - STOCK OPTIONS (Details) - Stock Options Outstanding, Stock Option Plan [Line Items]
Issued	4,810,000	4,810,000
Issued	$ 0.06
Expired/Repriced				$ 0.37
Ending balance		$ 0.06	$ 0.08
Options
NOTE 8 - STOCK OPTIONS (Details) - Stock Options Outstanding, Stock Option Plan [Line Items]
Beginning balance		2,696,667	2,696,667
Issued		4,810,000
Expired/Repriced		(2,696,667)
Ending balance		4,810,000	2,696,667
Price
NOTE 8 - STOCK OPTIONS (Details) - Stock Options Outstanding, Stock Option Plan [Line Items]
Beginning balance		$ 0.32	$ 0.34
Issued		0.08	0.06
Expired/Repriced		(0.10)	(0.19)
Ending balance		$ 0.30	$ 0.32

NOTE 8 - STOCK OPTIONS (Detai42

NOTE 8 - STOCK OPTIONS (Details) - Stock Option Plan Summary - $ / shares	6 Months Ended	12 Months Ended
	Apr. 30, 2017	Apr. 30, 2017	Apr. 30, 2016
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
October 18, 2016	$ 0.06
October 18, 2016		4 years 302 days
Total options	4,810,000	4,810,000
Shares
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
October 18, 2016		4,810,000
Total options		4,810,000
Price
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
October 18, 2016		$ 0.08	$ 0.06
Total options		$ 0.06
Remaining Term
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
October 18, 2016		4 years 171 days
Total options		4 years 171 days

NOTE 8 - STOCK OPTIONS (Detai43

NOTE 8 - STOCK OPTIONS (Details) - Stock Options Outstanding, Stock Option Plan, Exercisable - shares	12 Months Ended	69 Months Ended
	Apr. 30, 2017	Jan. 15, 2025	Apr. 30, 2016
NOTE 8 - STOCK OPTIONS (Details) - Stock Options Outstanding, Stock Option Plan, Exercisable [Line Items]
Outstanding and exercisable at April 30, 2017	25,000		25,000
Options
NOTE 8 - STOCK OPTIONS (Details) - Stock Options Outstanding, Stock Option Plan, Exercisable [Line Items]
Mining interests		400,000
Stock option plan	4,810,000
Outstanding and exercisable at April 30, 2017	5,210,000
Weighted Average Exercise Price
NOTE 8 - STOCK OPTIONS (Details) - Stock Options Outstanding, Stock Option Plan, Exercisable [Line Items]
Mining interests		0.30
Stock option plan	0.06
Outstanding and exercisable at April 30, 2017	0.08

STOCKHOLDERS' EQUITY (Details)

STOCKHOLDERS' EQUITY (Details) - USD ($)	Oct. 12, 2016	Oct. 12, 2015	Apr. 30, 2017	Apr. 30, 2016	Oct. 12, 2021	Oct. 12, 2020
Stockholders' Equity Note [Abstract]
Units Issued During Period, Units, New Issues (in Shares)	14,000,000	4,241,000
Unit Price	$ 0.05	$ 0.10
Class of Warrant or Right, Exercise Price of Warrants or Rights					$ 0.15	$ 0.20
Units Issued During Period, Value, New Issues (in Dollars)		$ 424,100	$ 682,000	$ 18,000