Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Jul. 31, 2023 | Oct. 30, 2023 | |
Document Information [Line Items] | ||
Entity Central Index Key | 0001401835 | |
Entity Registrant Name | Star Gold Corp. | |
Amendment Flag | false | |
Current Fiscal Year End Date | --04-30 | |
Document Fiscal Period Focus | Q1 | |
Document Fiscal Year Focus | 2024 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Jul. 31, 2023 | |
Document Transition Report | false | |
Entity File Number | 000-52711 | |
Entity Incorporation, State or Country Code | NV | |
Entity Tax Identification Number | 27-0348508 | |
Entity Address, Address Line One | 1875 N. Lakewood Drive, Suite 303 | |
Entity Address, City or Town | Coeur d’Alene | |
Entity Address, State or Province | ID | |
Entity Address, Postal Zip Code | 83814 | |
City Area Code | 208 | |
Local Phone Number | 664-5066 | |
Title of 12(b) Security | Common Stock, $0.001 par value | |
Trading Symbol | SRGZ | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 97,290,810 |
Condensed Interim Balance Sheet
Condensed Interim Balance Sheets (Current Period Unaudited) - USD ($) | Jul. 31, 2023 | Apr. 30, 2023 |
CURRENT ASSETS: | ||
Cash and cash equivalents | $ 21,728 | $ 33,505 |
Other current assets (NOTE 5) | 3,994 | 11,218 |
TOTAL CURRENT ASSETS | 25,722 | 44,723 |
MINING INTEREST (NOTE 4) | 590,167 | 578,167 |
RECLAMATION BOND (NOTE 4) | 89,400 | 89,400 |
TOTAL ASSETS | 705,289 | 712,290 |
CURRENT LIABILITIES: | ||
Accounts payable and accrued liabilities | 83,320 | 29,240 |
TOTAL CURRENT LIABILITIES | 151,401 | 69,448 |
LONG TERM LIABILITIES: | ||
TOTAL LIABILITIES | 613,901 | 531,948 |
COMMITMENTS AND CONTINGENCIES (NOTES 4 & 6) | ||
STOCKHOLDERS’ EQUITY | ||
Preferred Stock, $.001 par value; 10,000,000 shares authorized, none issued and outstanding | 0 | 0 |
Common Stock, $.001 par value; 1,000,000,000 shares authorized; 97,290,810 shares issued and outstanding | 97,291 | 97,291 |
Additional paid-in capital | 12,702,879 | 12,702,879 |
Accumulated deficit | (12,708,782) | (12,619,828) |
TOTAL STOCKHOLDERS’ EQUITY | 91,388 | 180,342 |
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | 705,289 | 712,290 |
Related Party [Member] | ||
CURRENT LIABILITIES: | ||
Accrued interest, related parties | 33,081 | 25,208 |
Promissory notes, related parties (NOTE 6) | 35,000 | 15,000 |
LONG TERM LIABILITIES: | ||
Convertible promissory notes, related parties (NOTE 6) | $ 462,500 | $ 462,500 |
Condensed Interim Balance She_2
Condensed Interim Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares | Jul. 31, 2023 | Apr. 30, 2023 |
Preferred stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Preferred stock, authorized (in shares) | 10,000,000 | 10,000,000 |
Preferred stock, issued (in shares) | 0 | 0 |
Preferred stock, outstanding (in shares) | 0 | 0 |
Common stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Common stock, authorized (in shares) | 1,000,000,000 | 1,000,000,000 |
Common stock, issued (in shares) | 97,290,810 | 97,290,810 |
Common stock, outstanding (in shares) | 97,290,810 | 97,290,810 |
Condensed Interim Statements of
Condensed Interim Statements of Operations (Unaudited) - USD ($) $ / shares in Thousands | 3 Months Ended | |
Jul. 31, 2023 | Jul. 31, 2022 | |
OPERATING EXPENSE | ||
Mineral exploration expense | $ 25,896 | $ 25,146 |
Pre-development expense | 9,042 | 53,177 |
Legal and professional fees | 25,412 | 38,046 |
Management and administrative | 20,331 | 20,766 |
TOTAL OPERATING EXPENSES | 80,681 | 137,135 |
LOSS FROM OPERATIONS | (80,681) | (137,135) |
OTHER INCOME (EXPENSE) | ||
Interest income | 2 | 0 |
TOTAL OTHER INCOME (EXPENSE) | (8,273) | (2,911) |
NET LOSS BEFORE INCOME TAXES | (88,954) | (140,046) |
Provision for income taxes | 0 | 0 |
NET LOSS | $ (88,954) | $ (140,046) |
Basic and diluted loss per share (in dollars per share) | $ 0 | $ 0 |
Basic and diluted weighted average number shares outstanding (in shares) | 97,290,810 | 97,290,810 |
Nonrelated Party [Member] | ||
OTHER INCOME (EXPENSE) | ||
Interest expense | $ (402) | $ (406) |
Related Party [Member] | ||
OTHER INCOME (EXPENSE) | ||
Interest expense | $ (7,873) | $ (2,505) |
Condensed Interim Statements _2
Condensed Interim Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Balance (in shares) at Apr. 30, 2022 | 97,290,810 | |||
Balance at Apr. 30, 2022 | $ 97,291 | $ 12,702,879 | $ (12,194,988) | $ 605,182 |
Net loss | $ 0 | 0 | (140,046) | (140,046) |
Balance (in shares) at Jul. 31, 2022 | 97,290,810 | |||
Balance at Jul. 31, 2022 | $ 97,291 | 12,702,879 | (12,335,034) | 465,136 |
Balance (in shares) at Apr. 30, 2023 | 97,290,810 | |||
Balance at Apr. 30, 2023 | $ 97,291 | 12,702,879 | (12,619,828) | 180,342 |
Net loss | $ 0 | 0 | (88,954) | (88,954) |
Balance (in shares) at Jul. 31, 2023 | 97,290,810 | |||
Balance at Jul. 31, 2023 | $ 97,291 | $ 12,702,879 | $ (12,708,782) | $ 91,388 |
Condensed Interim Statements _3
Condensed Interim Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | |
Jul. 31, 2023 | Jul. 31, 2022 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net loss | $ (88,954) | $ (140,046) |
Changes in assets and liabilities: | ||
Other current assets | 7,224 | 7,494 |
Accounts payable and accrued liabilities | 54,080 | 64,699 |
Accrued interest, related parties | 7,873 | 0 |
Net cash used by operating activities | (19,777) | (67,853) |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||
Payments for mining interests | (12,000) | (12,000) |
Net cash used by investing activities | (12,000) | (12,000) |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||
Proceeds from promissory notes payable, related parties | 20,000 | 110,000 |
Repayment of promissory notes payable, related party | 0 | (80,000) |
Net cash provided by financing activities | 20,000 | 30,000 |
Net decrease in cash and cash equivalents | (11,777) | (49,853) |
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD | 33,505 | 50,815 |
CASH AND CASH EQUIVALENTS AT END OF PERIOD | $ 21,728 | $ 962 |
Note 1 - Nature of Operations
Note 1 - Nature of Operations | 3 Months Ended |
Jul. 31, 2023 | |
Notes to Financial Statements | |
Nature of Operations [Text Block] | NOTE 1 NATURE OF OPERATIONS Star Gold Corp. (the “Company”) was initially incorporated as Elan Development, Inc., in the State of Nevada on December 8, 2006. 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 |
Note 2 - Significant Accounting
Note 2 - Significant Accounting Policies | 3 Months Ended |
Jul. 31, 2023 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | NOTE 2 SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation In the opinion of management, the accompanying unaudited condensed financial statements contain all adjustments, consisting of normal recurring adjustments, necessary for a fair statement of the results for the interim periods reported. The condensed balance sheet at April 30, 2023 not three July 31, 2023 not may April 30, 2024 These unaudited condensed interim financial statements have been prepared by management in accordance with generally accepted accounting principles used in the United States of America (“U.S. GAAP”). These unaudited condensed interim financial statements should be read in conjunction with the annual audited financial statements included in the Company’s Annual Report on Form 10 April 30, 2023 September 14, 2023. The financial statements and notes are representations of the Company’s management, which is responsible for their integrity and objectivity. These accounting policies conform to U.S. GAAP and have been consistently applied in the preparation of the financial statements. Going Concern As shown in the accompanying financial statements, the Company has incurred operating losses since inception. As of July 31, 2023 July 31, 2023 July 31, 2023 not Financial Instruments The Company's financial instruments include cash and cash equivalents, reclamation bonds and promissory notes related party and convertible promissory notes-related parties. Cash and cash equivalents, reclamation bonds and promissory notes-related party are accounted for on a cost basis, which, due to the short maturity of these financial instruments, approximates fair value at July 31, 2023 New Accounting Pronouncements Accounting Standards Updates Adopted In August 2020, No. 2020 06 470 20 815 40 2020 06. Other accounting standards that have been issued or proposed by FASB that do not not not not |
Note 3 - Earnings Per Share
Note 3 - Earnings Per Share | 3 Months Ended |
Jul. 31, 2023 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | NOTE 3 EARNINGS 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 on July 31, 2023 2022 July 31, 2023 July 31, 2022 Stock options 3,435,000 5,035,000 Convertible promissory notes, related parties 19,876,945 3,102,340 Warrants 2,000,000 2,000,000 Total Possible Dilution 25,311,945 10,137,340 For the three July 31, 2023 2022 |
Note 4 - Mining Interest
Note 4 - Mining Interest | 3 Months Ended |
Jul. 31, 2023 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | NOTE 4 MINING INTEREST The following is a summary of the Company’s equipment and mining interest on July 31, 2023 April 30, 2023 July 31, 2023 April 30, 2023 Mining interest - Longstreet 590,167 578,167 Total $ 590,167 $ 578,167 Pursuant to the Longstreet Property Option Agreement with Great Basin Resources, Inc. (“Great Basin”), as amended, which was originally entered into by the Company on or about January 15, 2010 ( August 12, 2019, On August 24, 2020, no six 6 first one 3.0% In addition, the Company is 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 three July 31, 2023 2022 At July 31, 2023 April 30, 2023 |
Note 5 - Other Current Assets
Note 5 - Other Current Assets | 3 Months Ended |
Jul. 31, 2023 | |
Notes to Financial Statements | |
Other Assets Disclosure [Text Block] | NOTE 5 OTHER CURRENT ASSETS On August 21, 2017, August 21, 2022, third twelve twelve As of July 31, 2023 April 30, 2023 The following is a summary of the Company’s Other Current Assets at July 31, 2023 April 30, 2023 July 31, 2023 April 30, 2023 Option on water rights lease agreement, net $ 1,438 $ 7,740 Prepaid insurance 2,556 3,478 Total $ 3,994 $ 11,218 |
Note 6 - Related Party Transact
Note 6 - Related Party Transactions | 3 Months Ended |
Jul. 31, 2023 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | NOTE 6 RELATED PARTY TRANSACTIONS Consulting agreements For the three July 31, 2023 2022, Promissory notes, related party On April 12, 2022 , April 12, 2024 On June 28, 2022 , June 28, 2024 On July 5, 2022 , April 12, 2022 June 28, 2022 July 5, 2022 July 31, 2025 On August 4, 2022 , July 31, 2025 On January 17, 2023 , January 31, 2026 On March 31, 2023 , March 31, 2024 On June 28, 2023, June 28, 2024 As of July 31, 2023 , Convertible promissory notes, related parties On November 30, 2021 , four April 30, 2025 . April 30, 2025. The Convertible Promissory Notes are convertible at any time after the original issue date into a number of shares of the Company’s Common Stock, determined by dividing the amount to be converted by a conversion price equal to $0.05 per share. The Convertible Promissory Notes are convertible into an aggregate of 3,000,000 shares. On April 14, 2023, four " April 14, 2023 two three July 5, 2022, August 4, 2022 January 17, 2023 April 14, 2023 two The April 14, 2023 eight April 14, 2026 ( $0.0206 For the three July 31, 2023 2022 July 31, 2023 April 30, 2023 The following is a summary of the Company's Promissory notes, related parties and Convertible promissory notes, related parties as of July 31, 2023 Maturity date Conversion price per share Principal amount Accrued interest Total Promissory notes, related parties March 31, 2024 $ - $ 15,000 $ 401 $ 15,401 June 28, 2024 - 20,000 145 20,145 $ 35,000 $ 546 $ 35,546 Convertible promissory notes, related parties April 30, 2025 $ 0.05 150,000 12,493 162,493 April 14, 2026 0.02 260,000 18,799 278,799 April 14, 2026 0.02 52,500 1,243 53,743 $ 462,500 $ 32,535 $ 495,035 |
Note 7 - Warrants
Note 7 - Warrants | 3 Months Ended |
Jul. 31, 2023 | |
Notes to Financial Statements | |
Warrants [Text Block] | NOTE 7 WARRANTS On October 31, 2021, January 31, 2026. The composition of the Company’s warrants outstanding at April 30, 2023 July 31, 2023 Issue Date Expiration Date Warrants Exercise Price Remaining life (years) October 31, 2021 October 31, 2026 2,000,000 $ 0.0442 3.25 |
Note 8 - Stock Options
Note 8 - Stock Options | 3 Months Ended |
Jul. 31, 2023 | |
Notes to Financial Statements | |
Share-Based Payment Arrangement [Text Block] | NOTE 8 STOCK OPTIONS Options issued for mining interest In consideration for its mining interest (see Note 4 Options outstanding for mining interest totaled 935,000 at July 31, 2023 April 30, 2023 July 31, 2023 July 31, 2023 Options issued under the 2011 The Company established the 2011 “2011 2011 not No options were issued, exercised, expired or forfeited under the Stock Option Plan during the three July 31, 2023 2022 The total value of stock option awards is expensed ratably over the vesting period of the employees receiving the awards. As of July 31, 2023 April 30, 2023 July 31, 2023 2011 July 31, 2023 2011 The following table summarizes additional information about the options under the Company's Stock Option Plan as of Options outstanding and exercisable Remaining Term Date of Grant Shares (years) Price April 30, 2021 2,500,000 2.75 0.06 Summary: The following is a summary of the Company’s stock options outstanding and exercisable: Weighted Average All options Exercise Price Balance outstanding at April 30, 2022 5,035,000 $ 0.056 Expired or forfeited (1,600,000 ) $ (0.064 ) Balance outstanding at April 30 and July 31, 2023 3,435,000 $ 0.055 Weighted Average Weighted Remaining Term Average Exercise Options issued for: Options (years) Price Mining interests 935,000 1.09 $ 0.04 Stock option plan 2,500,000 2.75 0.06 Outstanding and exercisable at July 31, 2023 3,435,000 $ 0.055 The aggregate intrinsic value of all options vested and exercisable at July 31, 2023 $Nil July 31, 2023 |
Note 9 - Subsequent Events
Note 9 - Subsequent Events | 3 Months Ended |
Jul. 31, 2023 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | NOTE 9 SUBSEQUENT EVENTS On August 24, 2023, August 24, 2026 On October 24, 2023, " October 24, 2023 two October 24, 2023 October 24, 2026 no $.0206 On October 24, 2023, "October 24, 2023 October 24, 2023 October 24, 2026 no $0.0206 per share. |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 3 Months Ended |
Jul. 31, 2023 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation In the opinion of management, the accompanying unaudited condensed financial statements contain all adjustments, consisting of normal recurring adjustments, necessary for a fair statement of the results for the interim periods reported. The condensed balance sheet at April 30, 2023 not three July 31, 2023 not may April 30, 2024 These unaudited condensed interim financial statements have been prepared by management in accordance with generally accepted accounting principles used in the United States of America (“U.S. GAAP”). These unaudited condensed interim financial statements should be read in conjunction with the annual audited financial statements included in the Company’s Annual Report on Form 10 April 30, 2023 September 14, 2023. The financial statements and notes are representations of the Company’s management, which is responsible for their integrity and objectivity. These accounting policies conform to U.S. GAAP and have been consistently applied in the preparation of the financial statements. |
Going Concern [Policy Text Block] | Going Concern As shown in the accompanying financial statements, the Company has incurred operating losses since inception. As of July 31, 2023 July 31, 2023 July 31, 2023 not |
Fair Value of Financial Instruments, Policy [Policy Text Block] | Financial Instruments The Company's financial instruments include cash and cash equivalents, reclamation bonds and promissory notes related party and convertible promissory notes-related parties. Cash and cash equivalents, reclamation bonds and promissory notes-related party are accounted for on a cost basis, which, due to the short maturity of these financial instruments, approximates fair value at July 31, 2023 |
New Accounting Pronouncements, Policy [Policy Text Block] | New Accounting Pronouncements Accounting Standards Updates Adopted In August 2020, No. 2020 06 470 20 815 40 2020 06. Other accounting standards that have been issued or proposed by FASB that do not not not not |
Note 3 - Earnings Per Share (Ta
Note 3 - Earnings Per Share (Tables) | 3 Months Ended |
Jul. 31, 2023 | |
Notes Tables | |
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block] | July 31, 2023 July 31, 2022 Stock options 3,435,000 5,035,000 Convertible promissory notes, related parties 19,876,945 3,102,340 Warrants 2,000,000 2,000,000 Total Possible Dilution 25,311,945 10,137,340 |
Note 4 - Mining Interest (Table
Note 4 - Mining Interest (Tables) | 3 Months Ended |
Jul. 31, 2023 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | July 31, 2023 April 30, 2023 Mining interest - Longstreet 590,167 578,167 Total $ 590,167 $ 578,167 |
Note 5 - Other Current Assets (
Note 5 - Other Current Assets (Tables) | 3 Months Ended |
Jul. 31, 2023 | |
Notes Tables | |
Schedule of Other Current Assets [Table Text Block] | July 31, 2023 April 30, 2023 Option on water rights lease agreement, net $ 1,438 $ 7,740 Prepaid insurance 2,556 3,478 Total $ 3,994 $ 11,218 |
Note 6 - Related Party Transa_2
Note 6 - Related Party Transactions (Tables) | 3 Months Ended |
Jul. 31, 2023 | |
Notes Tables | |
Schedule of Related Party Transactions [Table Text Block] | Maturity date Conversion price per share Principal amount Accrued interest Total Promissory notes, related parties March 31, 2024 $ - $ 15,000 $ 401 $ 15,401 June 28, 2024 - 20,000 145 20,145 $ 35,000 $ 546 $ 35,546 Convertible promissory notes, related parties April 30, 2025 $ 0.05 150,000 12,493 162,493 April 14, 2026 0.02 260,000 18,799 278,799 April 14, 2026 0.02 52,500 1,243 53,743 $ 462,500 $ 32,535 $ 495,035 |
Note 7 - Warrants (Tables)
Note 7 - Warrants (Tables) | 3 Months Ended |
Jul. 31, 2023 | |
Notes Tables | |
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block] | Issue Date Expiration Date Warrants Exercise Price Remaining life (years) October 31, 2021 October 31, 2026 2,000,000 $ 0.0442 3.25 |
Note 8 - Stock Options (Tables)
Note 8 - Stock Options (Tables) | 3 Months Ended |
Jul. 31, 2023 | |
Notes Tables | |
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable [Table Text Block] | Options outstanding and exercisable Remaining Term Date of Grant Shares (years) Price April 30, 2021 2,500,000 2.75 0.06 Weighted Average Weighted Remaining Term Average Exercise Options issued for: Options (years) Price Mining interests 935,000 1.09 $ 0.04 Stock option plan 2,500,000 2.75 0.06 Outstanding and exercisable at July 31, 2023 3,435,000 $ 0.055 |
Schedule of Stock Options Roll Forward [Table Text Block] | Weighted Average All options Exercise Price Balance outstanding at April 30, 2022 5,035,000 $ 0.056 Expired or forfeited (1,600,000 ) $ (0.064 ) Balance outstanding at April 30 and July 31, 2023 3,435,000 $ 0.055 |
Note 2 - Significant Accounti_2
Note 2 - Significant Accounting Policies (Details Textual) - USD ($) | Jul. 31, 2023 | Apr. 30, 2023 |
Retained Earnings (Accumulated Deficit) | $ (12,708,782) | $ (12,619,828) |
Working Capital | $ (125,679) |
Note 3 - Earnings Per Share - S
Note 3 - Earnings Per Share - Schedule of Antidilutive Securities (Details) - shares | 3 Months Ended | |
Jul. 31, 2023 | Jul. 31, 2022 | |
TOTAL POSSIBLE DILUTIVE SHARES (in shares) | 25,311,945 | 10,137,340 |
Share-Based Payment Arrangement, Option [Member] | ||
TOTAL POSSIBLE DILUTIVE SHARES (in shares) | 3,435,000 | 5,035,000 |
Convertible Debt Securities [Member] | ||
TOTAL POSSIBLE DILUTIVE SHARES (in shares) | 19,876,945 | 3,102,340 |
Warrant [Member] | ||
TOTAL POSSIBLE DILUTIVE SHARES (in shares) | 2,000,000 | 2,000,000 |
Note 4 - Mining Interest (Detai
Note 4 - Mining Interest (Details Textual) - USD ($) | 3 Months Ended | |||
Jul. 31, 2023 | Jul. 31, 2022 | Apr. 30, 2023 | Aug. 24, 2020 | |
Restricted Cash, Noncurrent | $ 89,400 | $ 89,400 | ||
United States Department of Agriculture Forest Service [Member] | ||||
Restricted Cash, Noncurrent | 89,400 | $ 89,400 | ||
Longstreet Property [Member] | Great Basin Resource, Inc. [Member] | ||||
Annual Advance Royalty Payment | $ 12,000 | |||
Royalty Expense | $ 12,000 | $ 12,000 | ||
Longstreet Property [Member] | Great Basin Resource, Inc. [Member] | One Half Great Basin's 3.0% Net Smelter Royalty [Member] | ||||
Other Commitment | $ 1,750,000 |
Note 4 - Mining Interest - Sche
Note 4 - Mining Interest - Schedule of Mining Interests (Details) - USD ($) | Jul. 31, 2023 | Apr. 30, 2023 |
TOTAL MINING INTEREST | $ 590,167 | $ 578,167 |
Longstreet Property [Member] | ||
TOTAL MINING INTEREST | $ 590,167 | $ 578,167 |
Note 5 - Other Current Assets_2
Note 5 - Other Current Assets (Details Textual) - High Test Water Rights Agreement [Member] - USD ($) | 12 Months Ended | ||
Aug. 21, 2021 | Jul. 31, 2023 | Apr. 30, 2023 | |
Lease, Cost | $ 25,000 | ||
Lessee, Operating Lease, Liability, Undiscounted Excess Amount | $ 1,438 | $ 7,740 |
Note 5 - Other Current Assets -
Note 5 - Other Current Assets - Schedule of Other Current Assets (Details) - USD ($) | Jul. 31, 2023 | Apr. 30, 2023 |
Option on water rights lease agreement, net | $ 1,438 | $ 7,740 |
Prepaid insurance | 2,556 | 3,478 |
Total | $ 3,994 | $ 11,218 |
Note 6 - Related Party Transa_3
Note 6 - Related Party Transactions (Details Textual) | 3 Months Ended | |||||||||||
Apr. 14, 2023 USD ($) | Nov. 30, 2021 USD ($) | Jul. 31, 2023 USD ($) | Jul. 31, 2022 USD ($) | Jun. 28, 2023 USD ($) | Apr. 30, 2023 USD ($) | Mar. 31, 2023 USD ($) | Jan. 17, 2023 USD ($) | Aug. 04, 2022 USD ($) | Jul. 05, 2022 USD ($) | Jun. 28, 2022 USD ($) | Apr. 12, 2022 USD ($) | |
Board of Directors Chairman [Member] | Promissory Note [Member] | ||||||||||||
Notes Payable | $ 15,000 | $ 30,000 | $ 50,000 | |||||||||
Debt Instrument, Interest Rate, Stated Percentage | 8% | 5% | 5% | |||||||||
Board of Directors Chairman [Member] | Promissory Note Maturing June 28, 2026 [Member] | ||||||||||||
Notes Payable | $ 20,000 | |||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 8% | |||||||||||
Chairman of the Board of Directors and Another Company Director [Member] | Promissory Note [Member] | ||||||||||||
Notes Payable | $ 30,000 | $ 150,000 | $ 80,000 | |||||||||
Debt Instrument, Interest Rate, Stated Percentage | 8% | 8% | 8% | |||||||||
Related Party [Member] | ||||||||||||
Interest Expense, Debt | $ 7,873 | $ 2,505 | ||||||||||
Related Party [Member] | Accounts Payable and Accrued Liabilities [Member] | ||||||||||||
Interest Payable | 33,081 | $ 25,208 | ||||||||||
Related Party [Member] | Promissory Note [Member] | ||||||||||||
Notes Payable | 35,000 | |||||||||||
Interest Payable | 546 | |||||||||||
Certain Officers and Directors [Member] | Convertible Promissory Notes [Member] | ||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 5% | |||||||||||
Convertible Notes Payable | $ 150,000 | |||||||||||
Debt Instrument, Convertible, Conversion Ratio | 0.05 | |||||||||||
Debt Instrument, Convertible, Number of Equity Instruments | 3,000,000 | |||||||||||
Certain Officers and Directors [Member] | April 14, 2023 Notes [Member] | ||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 8% | |||||||||||
Convertible Notes Payable | $ 312,500 | |||||||||||
Debt Instrument, Periodic Payment | 0 | |||||||||||
Related Party, Controlled by Two Members of the Board [Member] | April 14, 2023 Notes [Member] | ||||||||||||
Convertible Notes Payable | 260,000 | |||||||||||
An Officer, a Director and an Entity Controlled by Two Directors [Member] | April 14, 2023 Notes [Member] | ||||||||||||
Convertible Notes Payable | $ 52,500 | |||||||||||
Consulting Agreement [Member] | Management [Member] | ||||||||||||
Deferred Compensation Arrangement with Individual, Compensation Expense | $ 7,500 | $ 7,500 |
Note 6 - Related Party Transa_4
Note 6 - Related Party Transactions - Summary of Notes, Related Parties (Details) - Related Party [Member] | Jul. 31, 2023 USD ($) $ / shares |
Promissory Note 1 [Member] | |
Principal amount | $ 15,000 |
Accrued interest | 401 |
Total | 15,401 |
Promissory Note 2 [Member] | |
Principal amount | 20,000 |
Accrued interest | 145 |
Total | 20,145 |
Promissory Note [Member] | |
Principal amount | 35,000 |
Accrued interest | 546 |
Total | 35,546 |
Convertible Promissory Note 1 [Member] | |
Principal amount | 150,000 |
Accrued interest | 12,493 |
Total | $ 162,493 |
Conversion price per share (in dollars per share) | $ / shares | $ 0.05 |
Convertible Promissory Note 2 [Member] | |
Principal amount | $ 260,000 |
Accrued interest | 18,799 |
Total | $ 278,799 |
Conversion price per share (in dollars per share) | $ / shares | $ 0.02 |
Convertible Promissory Note 3 [Member] | |
Principal amount | $ 52,500 |
Accrued interest | 1,243 |
Total | $ 53,743 |
Conversion price per share (in dollars per share) | $ / shares | $ 0.02 |
Convertible Debt [Member] | |
Principal amount | $ 462,500 |
Accrued interest | 32,535 |
Total | $ 495,035 |
Note 7 - Warrants (Details Text
Note 7 - Warrants (Details Textual) - $ / shares | Oct. 31, 2021 | Jul. 31, 2023 |
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ 0.0442 | |
Warrants Issued for Future Services [Member] | ||
Class of Warrant or Right, Issued During the Period (in shares) | 2,000,000 | |
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ 0.0442 |
Note 7 - Warrants - Schedule of
Note 7 - Warrants - Schedule of Warrant Activity (Details) | Jul. 31, 2023 $ / shares shares |
Warrants (in shares) | shares | 2,000,000 |
Warrants, exercised price (in dollars per share) | $ / shares | $ 0.0442 |
Warrants, remaining term (Year) | 3 years 3 months |
Note 8 - Stock Options (Details
Note 8 - Stock Options (Details Textual) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | |||
Jul. 31, 2023 | Jul. 31, 2022 | Apr. 30, 2023 | Mar. 31, 2023 | |
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number (in shares) | 3,435,000 | 5,035,000 | ||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value | $ 0 | |||
Share Price (in dollars per share) | $ 0.022 | |||
Mining Interests [Member] | ||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number (in shares) | 935,000 | 935,000 | ||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term (Year) | 1 year 1 month 2 days | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Weighted Average Exercise Price (in dollars per share) | $ 0.04 | |||
The 2011 Stock Option Plan [Member] | ||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number (in shares) | 2,500,000 | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term (Year) | 2 years 9 months | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Weighted Average Exercise Price (in dollars per share) | $ 0.06 | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares) | 0 | 0 | ||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount | $ 0 | $ 0 | ||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period (in shares) | 0 | 0 | ||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Expirations in Period (in shares) | 0 | 0 | ||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Forfeitures in Period (in shares) | 0 | 0 |
Note 8 - Stock Options - Additi
Note 8 - Stock Options - Additional Option Information (Details) - $ / shares | 3 Months Ended | ||
Jul. 31, 2023 | Apr. 30, 2023 | Mar. 31, 2023 | |
Options outstanding and exercisable (in shares) | 3,435,000 | 5,035,000 | |
Options outstanding and exercisable, price (in dollars per share) | $ 0.055 | $ 0.056 | |
The 2011 Stock Option Plan [Member] | |||
Options outstanding and exercisable (in shares) | 2,500,000 | ||
Options outstanding and exercisable, remaining term (Year) | 2 years 9 months | ||
Options outstanding and exercisable, price (in dollars per share) | $ 0.06 | ||
The 2011 Stock Option Plan [Member] | Options Granted April 30, 2021 [Member] | |||
Options outstanding and exercisable (in shares) | 2,500,000 | ||
Options outstanding and exercisable, remaining term (Year) | 2 years 9 months | ||
Options outstanding and exercisable, price (in dollars per share) | $ 0.06 | ||
Mining Interests [Member] | |||
Options outstanding and exercisable (in shares) | 935,000 | 935,000 | |
Options outstanding and exercisable, remaining term (Year) | 1 year 1 month 2 days | ||
Options outstanding and exercisable, price (in dollars per share) | $ 0.04 |
Note 8 - Stock Options - Summar
Note 8 - Stock Options - Summary of Options (Details) | 4 Months Ended |
Jul. 31, 2023 $ / shares shares | |
Balance outstanding (in shares) | shares | 5,035,000 |
Balance outstanding, weighted average exercise price (in dollars per share) | $ / shares | $ 0.056 |
Expired or forfeited (in shares) | shares | (1,600,000) |
Expired or forfeited, weighted average exercise price (in dollars per share) | $ / shares | $ (0.064) |
Balance outstanding (in shares) | shares | 3,435,000 |
Balance outstanding, weighted average exercise price (in dollars per share) | $ / shares | $ 0.055 |
Note 9 - Subsequent Events (Det
Note 9 - Subsequent Events (Details Textual) - Subsequent Event [Member] - USD ($) | Oct. 24, 2023 | Aug. 24, 2023 |
Promissory Note Maturing August 24, 2026 [Member] | Board of Directors Chairman [Member] | ||
Notes Payable | $ 35,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 8% | |
Convertible Debt [Member] | Two Directors [Member] | October 24, 2023 Convertible Note [Member] | ||
Notes Payable | $ 90,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 8% | |
Debt Instrument, Convertible, Conversion Price (in dollars per share) | $ 0.0206 | |
Convertible Debt [Member] | Officer [Member] | October 24, 2023 Convertible Note [Member] | ||
Notes Payable | $ 15,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 8% | |
Debt Instrument, Convertible, Conversion Price (in dollars per share) | $ 0.0206 |