Star Gold (SRGZ) 10-K 22 Jul 19 2019 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Apr. 30, 2019	Jul. 17, 2019	Oct. 31, 2018
Document And Entity Information
Entity Registrant Name	STAR GOLD CORP.
Entity Central Index Key	0001401835
Document Type	10-K
Document Period End Date	Apr. 30, 2019
Amendment Flag	false
Current Fiscal Year End Date	--04-30
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Shell Company	false
Entity Public Float			$ 4,643,690
Entity Common Stock, Shares Outstanding		77,394,841
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2019

BALANCE SHEETS

BALANCE SHEETS - USD ($)	Apr. 30, 2019	Apr. 30, 2018
CURRENT ASSETS
Cash and cash equivalents	$ 440,316	$ 832,426
Other current assets (NOTE 5)	22,845	22,636
TOTAL CURRENT ASSETS	463,161	855,062
EQUIPMENT AND MINING INTEREST, net (NOTE 4)	467,107	414,522
OTHER ASSETS - NON-CURRENT (NOTE 5)	2,557	15,735
RECLAMATION BOND	21,600	21,600
TOTAL ASSETS	954,425	1,306,919
CURRENT LIABILITIES:
Accounts payable	19,246	95,911
TOTAL CURRENT LIABILITIES	19,246	95,911
TOTAL LIABILITIES	19,246	95,911
COMMITMENTS AND CONTINGENCIES (NOTE 4)
STOCKHOLDERS' EQUITY
Preferred Stock, par value; 10,000,000 shares authorized, none issued and outstanding	0	0
Common Stock, $.001 par value; 300,000,000 shares authorized; 77,394,841 and 76,434,424 shares issued and outstanding, respectively	77,395	76,434
Additional paid-in capital	11,560,527	11,501,613
Accumulated deficit	(10,702,743)	(10,367,039)
TOTAL STOCKHOLDERS' EQUITY	935,179	1,211,008
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 954,425	$ 1,306,919

BALANCE SHEETS (Parenthetical)

BALANCE SHEETS (Parenthetical) - $ / shares	Apr. 30, 2019	Apr. 30, 2018
Statement of Financial Position [Abstract]
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 or stated value per share	$ .001	$ .001
Common stock, shares authorized	300,000,000	300,000,000
Common stock, shares issued	77,394,841	76,434,424
Common stock, shares outstanding	77,394,841	76,434,424

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
OPERATING EXPENSE
Mineral exploration expense	$ 21,297	$ 28,369
Pre-development expense	119,975	105,945
Legal and professional fees	73,267	70,788
Management and administrative	120,980	221,818
Depreciation	1,665	347
TOTAL OPERATING EXPENSES	337,184	427,267
LOSS FROM OPERATIONS	(337,184)	(427,267)
OTHER INCOME (EXPENSE)
Interest expense	(833)	(778)
Interest income	2,313	896
TOTAL OTHER INCOME (EXPENSE)	1,480	118
NET LOSS BEFORE INCOME TAXES	(335,704)	(427,149)
Provision (benefit) for income tax	0	0
NET LOSS	$ (335,704)	$ (427,149)
Basic and diluted loss per share	$ 0	$ (0.01)
Basic and diluted weighted average number shares outstanding	76,923,842	66,375,222

STATEMENTS OF CHANGES IN STOCKH

STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)	Common Stock	Additional Paid-in Capital	Accumulated Deficit	Total
Beginning balance, shares at Apr. 30, 2017	54,836,726
Beginning balance, amount at Apr. 30, 2017	$ 54,837	$ 10,350,403	$ (9,939,890)	$ 465,350
Common stock and warrants sold, shares	21,597,698
Common stock and warrants sold, amount	$ 21,597	1,058,287		1,079,884
Common stock issued for accounts payable, amount				0
Stock-based compensation		90,923		90,923
Options issued for mining interest		2,000		2,000
Net loss			(427,149)	(427,149)
Ending balance, shares at Apr. 30, 2018	76,434,424
Ending balance, amount at Apr. 30, 2018	$ 76,434	11,501,613	(10,367,039)	1,211,008
Common stock issued for accounts payable, shares	960,417
Common stock issued for accounts payable, amount	$ 961	56,664		57,625
Options issued for mining interest		2,250		2,250
Net loss			(335,704)	(335,704)
Ending balance, shares at Apr. 30, 2019	77,394,841
Ending balance, amount at Apr. 30, 2019	$ 77,395	$ 11,560,527	$ (10,702,743)	$ 935,179

STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (335,704)	$ (427,149)
Adjustments to reconcile net loss to net cash used by operating activities:
Stock based compensation	0	90,923
Depreciation	1,665	347
Changes in operating assets and liabilities:
Other current assets	(209)	(7,199)
Other assets	13,178	(4,624)
Accounts payable	(19,040)	42,859
Net cash used by operating activities	(340,110)	(304,843)
CASH FLOWS FROM INVESTING ACTIVITIES:
Payments for equipment and mining interest	(52,000)	(51,995)
Net cash used in investing activities	(52,000)	(51,995)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net proceeds from sale of common stock and warrants	0	1,079,884
Net cash provided by financing activities	0	1,079,884
Net increase (decrease) in cash and cash equivalents	(392,110)	723,046
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	832,426	109,380
CASH AND CASH EQUIVALENTS AT END OF YEAR	440,316	832,426
SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid in cash	833	778
NON-CASH FINANCING AND INVESTING ACTIVITIES:
Common stock issued for accounts payable	57,625	0
Options issued for mining interest	$ 2,250	$ 2,000

NOTE 1 - NATURE OF OPERATIONS

NOTE 1 - NATURE OF OPERATIONS	12 Months Ended
	Apr. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
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 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.

NOTE 2 - SIGNIFICANT ACCOUNTING

NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Apr. 30, 2019
Accounting Policies [Abstract]
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. 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-based compensation 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. Risks and Uncertainties The Company’s operations are subject to significant risks and uncertainties, including financial, operational, technological and other risks associated with operating an emerging exploration mining business, including the potential risk of business failure. 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. Reclamation bond Reclamation bond constitutes cash held as collateral for the faithful performance of bond securing exploration permits and are accounted for on a cost basis. Financial Instruments The Company’s financial instruments include cash and cash equivalents and reclamation bond. All instruments are accounted for on a cost basis, which, due to the short maturity of these financial instruments, approximates fair value at April 30, 2019. 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. At April 30, 2019 and April 30, 2018, the Company had no assets or liabilities accounted for at fair value on a recurring or nonrecurring basis. 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, 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. Pre-development Expenditures Pre-development activities involve costs incurred in the exploration stage that may ultimately benefit production, such as underground ramp development, which are expensed due to the lack of evidence of economic development, which is necessary to demonstrate future recoverability of these costs. Equipment Equipment is stated at cost. Significant improvements are capitalized and depreciated. Depreciation of equipment is calculated using the straight-line method over the estimated useful lives of the assets, which range from three to seven years. Maintenance and repairs are charged to operations as incurred. 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. Impairment of Long-lived Assets 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. Income Taxes The Company accounts for income taxes using the liability method. The liability method requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of (i) temporary differences between financial statement carrying amounts of assets and liabilities and their basis for tax purposes and (ii) operating loss and tax credit carryforwards for tax purposes. Deferred tax assets are reduced by a valuation allowance when management concludes that it is more likely than not that a portion of the deferred tax assets will not be realized in a future period. Reclassifications Certain reclassifications have been made to the 2018 financial statements in order to conform to the 2019 presentation. These reclassifications have no effect on net loss, total assets or accumulated deficit as previously reported. New Accounting Pronouncements 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. There was no impact to the financial statements upon adoption of this update effective May 1, 2018. In November 2016, the FASB issued ASU No. 2016-18 Statement of Cash Flows (Topic 230): Restricted Cash. The update requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. The update is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years, with early adoption permitted. There was no impact to the financial statements upon adoption of this update effective May 1, 2018. 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. There was no impact to the financial statements upon adoption of this update effective May 1, 2018. In June 2018, the FASB issued ASU No. 2018-07, Compensation-Stock Compensation, Improvements to Nonemployee Share-Based Payment Accounting. ASU No. 2018-07 expands the scope of the standard for stock-based compensation to include share-based payment transactions for acquiring goods and services from nonemployees. ASU No. 2018-07 will become effective for the Company on May 1, 2019 and early adoption is permitted. The Company is currently evaluating the impact of this update on its financial statements and related disclosures. 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 consolidated financial statements upon adoption. The Company does not discuss recent pronouncements that are not anticipated to have an impact on or are unrelated to its financial condition, results of operations, cash flows or disclosures.

NOTE 3 - EARNINGS PER SHARE

NOTE 3 - EARNINGS PER SHARE	12 Months Ended
	Apr. 30, 2019
Earnings Per Share [Abstract]
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 at April 30, 2019 and 2018, that could have a dilutive effect are as follows: April 30, 2019 April 30, 2018 Stock options 6,645,000 6,650,000 Warrants 30,654,249 30,654,249 TOTAL POSSIBLE DILUTIVE SHARES 37,299,249 37,304,249 For the years ended April 30, 2019 and 2018, respectively, the effect of the Company’s outstanding stock options and warrants would have been anti-dilutive and so are excluded in the diluted EPS.

NOTE 4 - EQUIPMENT AND MINING I

NOTE 4 - EQUIPMENT AND MINING INTEREST	12 Months Ended
	Apr. 30, 2019
Property, Plant and Equipment [Abstract]
EQUIPMENT AND MINING INTEREST	The following is a summary of the Company’s equipment and mining interest at April 30, 2019 and 2018. April 30, 2019 April 30, 2018 Equipment $ 32,002 $ 32,002 Less accumulated depreciation (29,019 ) (27,354 ) Equipment, net of accumulated depreciation 2,983 4,648 Mining interest - Longstreet 464,124 409,874 TOTAL EQUIPMENT AND MINING INTEREST $ 467,107 $ 414,522 Pursuant to the Longstreet Property Option Agreement, as amended, (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. Under the agreement, the Company is required to make minimal lease payments in the form of cash and options to purchase shares of the Company’s common stock. On December 4, 2018 the Company amended the Longstreet Agreement to change the due date of certain expenditures required by that agreement (the “Amendment”). The Amendment extends the due date of the 2019 expenditures from January 16, 2019 to August 31, 2019 and also extends the due date of the 2020 expenditures from January 16, 2020 to August 31, 2020. No other provisions of the Longstreet Agreement, as previously amended, were affected by the Amendment. In addition, the Company is obligated, pursuant to the Longstreet Agreement, to pay an annual advance royalty payment of $12,000 related to the Clifford claims which the Company paid in each of the years ended April 30, 2019 and 2018. The Longstreet Agreement obligates the Company to minimal expenditures to be spent on the property. All allowable expenditures in excess of the required annual expenditures are carried over to the subsequent year. For the year ended April 30, 2018, the Company made the annual required payment to the optioner of $35,000 which is included in “Equipment and Mining Interest” on the Company’s balance sheet. The Company also issued options to purchase 40,000 shares of common stock with fair value of $2,000 during the year ended April 30, 2018. For the year ended April 30, 2019, 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 paid the annual required payment of $40,000 to the optioner which is included in “Equipment and Mining Interest”. The Company also issued options to purchase 45,000 shares of common stock with a fair value of $2,250 for the year ended April 30, 2019. The schedules of future minimum required expenditures, annual payments, and number of stock options to be issued pursuant to the Longstreet Agreement are as follows: Required expenditure January 17, 2018 through August 31, 2019 $ 500,000 September 1, 2019 through August 31, 2020 700,000 TOTAL $ 1,200,000 Cash payment (1) Stock options January 16, 2020 45,000 50,000 Payment due upon transfer but no later than January 16, 2021 85,000 - TOTAL $ 130,000 50,000 As of April 30, 2019, the Company was in compliance with the expenditure provisions of the Longstreet Agreement.

NOTE 5 - OTHER ASSETS

NOTE 5 - OTHER ASSETS	12 Months Ended
	Apr. 30, 2019
Other Assets [Abstract]
OTHER ASSETS	On January 19, 2017, the Company entered into an Option and Lease of Water Rights with Stone Cabin Company, LLC (the “Stone Cabin Water Rights Agreement”). In exchange for a one-time payment of $20,000, the Stone Cabin 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 Stone Cabin 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 was deferred as Other Assets and is being amortized on a straight-line basis over the three-year option period. On August 21, 2017, the Company entered into an Option and Lease of Water Rights, with High Test Hay, LLC (the “High Test Water Rights Agreement”). In exchange for a one-time payment of $25,000, the High Test Water Rights Agreement grants the Company a three-year option to commence a ten-year lease on 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 and until the Company exercises the option to lease. The High Test Water Rights Agreement also grants 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 up to an additional twenty years. The following is a summary of the Company’s Other Assets at April 30, 2019 and 2018. April 30, 2019 April 30, 2018 Option on water rights lease agreements, net $ 15,735 $ 30,735 Prepaid insurance and other expenses 9,667 7,636 Total 25,402 38,371 Less Other Assets - Current (22,845 ) (22,636 ) TOTAL OTHER ASSETS - NON-CURRENT $ 2,557 $ 15,735

NOTE 6 - INCOME TAXES

NOTE 6 - INCOME TAXES	12 Months Ended
	Apr. 30, 2019
Income Tax Disclosure [Abstract]
INCOME TAXES	There was no income tax provision (benefit) for the years ended April 30, 2019 and 2018. The components of the Company’s net deferred tax assets are as follows: April 30, 2019 April 30, 2018 Deferred tax asset Net operating loss carryforward $ 1,438,800 $ 1,282,300 Stock-based compensation 200,200 200,200 Equipment and mining interests 296,600 365,600 Other 2,900 2,900 Total deferred tax assets 1,938,500 1,851,000 Valuation allowance (1,938,500 ) (1,851,000 ) NET DEFERRED TAX ASSETS $ - $ - 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, 2019 and 2018. On December 22, 2017, the United States enacted the Tax Cuts and Jobs Act (the "Act") resulting in significant modifications to existing law. The Company did not incur any net income tax benefit or provision for the year ended April 30, 2018 as a result of the changes to tax laws and tax rates under the Act. The Company’s net deferred tax asset was reduced by approximately $680,800 during the year ended April 30, 2018, which consisted primarily of the remeasurement of federal deferred tax assets from 35% to 21%. A reconciliation between the statutory federal income tax rate and the Company’s tax provision (benefit) is as follows: April 30, 2019 April 30, 2018 Amount computed using the statutory rate $ (70,500 ) (21 %) $ (129,600 ) (35 %) Effect of state taxes (18,400 ) (6 %) (20,500 ) (5 %) Other 1,400 - 2,900 1 % Impact of change in statutory tax rate - - 680,800 159 % Change in valuation allowance 87,500 (26 %) (533,600 ) (125 %) TOTAL INCOME TAX PROVISION (BENEFIT) $ - - % $ - - % At April 30, 2019, the Company had federal and state net operating loss carry forwards of approximately $5,436,000, $4,845,000 of which expires between 2013 and 2037. The remaining balance of $591,000 will never expire but its utilization is limited to 80% of taxable income in any future year. The Company has no tax position at April 30, 2019 and 2018 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, 2019 and 2018. The Company’s federal income tax returns for fiscal years 2017 through 2019 remain open and subject to examination.

NOTE 7 - RELATED PARTY TRANSACT

NOTE 7 - RELATED PARTY TRANSACTIONS	12 Months Ended
	Apr. 30, 2019
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	The Company rented office space from Marlin Property Management, LLC (“Marlin”) an entity owned by the spouse of the Company’s former President and current Chairman of the Board of Directors. The lease was on a month-to-month basis as financial resources were available. The Company terminated the lease effective November 1, 2018. For the years ended April 30, 2019 and 2018, office rent was $1,500 and $3,000, respectively.

NOTE 8 - STOCKHOLDERS' EQUITY

NOTE 8 - STOCKHOLDERS' EQUITY	12 Months Ended
	Apr. 30, 2019
Stockholders' Equity Attributable to Parent [Abstract]
STOCKHOLDERS' EQUITY	On October 17, 2017, the Company issued 21,597,698 shares of its common stock to 34 investors pursuant to a private placement of its securities (the “2017 Offering”). The 2017 Offering consisted of the sale of “units” of the Company’s securities at the per unit price of $0.10. Each unit consisted of two shares of common stock and one warrants to purchase an additional share of common stock. The Company raised a total of $1,079,884. On October 26, 2018, the Company issued 960,417 shares of its common stock in lieu of cash payment for accounts payable. The value of the shares issued was $57,625, based on a price of $0.06 per share which was the fair value on the date of issuance.

NOTE 9 - WARRANTS

NOTE 9 - WARRANTS	12 Months Ended
	Apr. 30, 2019
Share-based Payment Arrangement [Abstract]
WARRANTS	On October 31, 2017, the Company issued 10,798,849 warrants pursuant to the 2017 Offering which 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 three years commencing with its issuance date. The following is a summary of the Company’s warrants to purchase shares of common stock activity: Warrants Weighted Average Exercise Price Balance outstanding at April 30, 2017 19,855,400 $ 0.17 Issued – October 31, 2017 (Note 7) 10,798,849 0.15 Balance outstanding at April 30, 2018 and April 30, 2019 30,654,249 $ 0.16 The composition of the Company’s warrants outstanding at April 30, 2019 is as follows: Issue Date Expiration Date Warrants Exercise Price Remaining life (years) July 29, 2014 July 29, 2019 1,614,400 $ 0.23 0.25 October 12, 2015 October 12, 2020 4,241,000 0.20 1.45 October 12, 2016 October 12, 2021 14,000,000 0.15 2.45 October 31, 2017 October 31, 2020 10,798,849 0.15 1.51 30,654,249 $ 0.16 1.87

NOTE 10 - STOCK OPTIONS

NOTE 10 - STOCK OPTIONS	12 Months Ended
	Apr. 30, 2019
Share-based Payment Arrangement [Abstract]
STOCK OPTIONS	Options issued for mining interest In consideration for mining interests (see Note 4), 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. Those costs are capitalized as Mining Interests (Note 4). 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 years ended April 30, 2019 2018 Options issued 45,000 40,000 Expected volatility 336.6 % 331.9 % Expected term 10 years 10 years Risk free rate 2.73 % 2.54 % Fair value of options issued $ 2,250 $ 2,000 The following is a summary of the Company’s options issued and outstanding in conjunction with the Longstreet Agreement for the years ended April 30, 2019 and 2018, respectively: For the year ended April 30, 2019 For the year ended April 30, 2018 Options Price (a) Options Price (a) Beginning balance 440,000 $ 0.28 400,000 $ 0.30 Issued 45,000 0.05 40,000 0.05 Exercised - - - - Expired (50,000 ) (0.30 ) - - Ending balance 435,000 $ 0.25 440,000 $ 0.28 (a) Weighted average exercise price. As of April 30, 2019, the remaining weighted average term of the option grants for mining interest was 4.41 years. Options issued under the 2011 Stock Option/Restricted Stock 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 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 April 30, 2018, the Board of Directors authorized the grant of 1,400,000 options to purchase shares of common stock of the Company to various directors, officers and consultants. The options have an exercise price of $0.065 based on the closing price of the Company’s common stock on the date of grant and vest immediately. The expiration date of the options is April 30, 2023. The fair value of the options was $90,923 and was recognized as stock-based compensation for the year ended April 30, 2018. These costs are classified as management and administrative expense The Company estimated the fair value of these option grants using the Black-Scholes model with the following information and assumptions: For the years ended April 30, 2019 2018 Options issued/re-priced - 1,400,000 Expected volatility - 296.7 % Expected term - 5 years Risk free rate - 2.79 % Fair value of options issued/re-priced $ - $ 90,923 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, 2019 2018 Options Price (a) Options Price (a) Beginning balance 6,210,000 $ 0.06 4,810,000 $ 0.06 Issued - - 1,400,000 0.065 Exercised - - - - Expired/Repriced - - - - Ending balance 6,210,000 $ 0.06 6,210,000 $ 0.06 (a) Weighted average exercise price. The following table summarizes additional information about the options under the Company’s Stock Option Plan as of April 30, 2019: Options outstanding and exercisable Date of Grant Shares Price Remaining Term October 18, 2016 4,810,000 $ 0.06 2.47 April 30, 2018 1,400,000 0.065 4.00 Total options 6,210,000 $ 0.06 2.90 The total value of stock option awards is expensed ratably over the vesting period of the employees receiving the awards. As of April 30, 2019, there was no unrecognized compensation cost related to stock-based options and awards. Summary: 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 11, 2020 to January 15, 2029 435,000 $ 0.25 Stock option plan October 18, 2021 to April 30, 2023 6,210,000 0.06 Outstanding and exercisable at April 30, 2019 6,645,000 $ 0.07 The aggregate intrinsic value of all options vested and exercisable at April 30, 2019, was $Nil based on the Company’s closing price of $0.031 per common share at April 30, 2019. The Company’s current policy is to issue new shares to satisfy option exercises.

NOTE 2 - SIGNIFICANT ACCOUNTI_2

NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Apr. 30, 2019
Accounting Policies [Abstract]
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.
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-based compensation 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.
Risks and Uncertainties	The Company’s operations are subject to significant risks and uncertainties, including financial, operational, technological and other risks associated with operating an emerging exploration mining business, including the potential risk of business failure.
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.
Reclamation Bond	Reclamation bond constitutes cash held as collateral for the faithful performance of bond securing exploration permits and are accounted for on a cost basis.
Financial Instruments	The Company’s financial instruments include cash and cash equivalents and reclamation bond. All instruments are accounted for on a cost basis, which, due to the short maturity of these financial instruments, approximates fair value at April 30, 2019.
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. At April 30, 2019 and April 30, 2018, the Company had no assets or liabilities accounted for at fair value on a recurring or nonrecurring basis.
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, 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.
Pre-development Expenditures	Pre-development activities involve costs incurred in the exploration stage that may ultimately benefit production, such as underground ramp development, which are expensed due to the lack of evidence of economic development, which is necessary to demonstrate future recoverability of these costs.
Equipment	Equipment is stated at cost. Significant improvements are capitalized and depreciated. Depreciation of equipment is calculated using the straight-line method over the estimated useful lives of the assets, which range from three to seven years. Maintenance and repairs are charged to operations as incurred. 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.
Impairment of Long-lived Assets	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.
Income Taxes	The Company accounts for income taxes using the liability method. The liability method requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of (i) temporary differences between financial statement carrying amounts of assets and liabilities and their basis for tax purposes and (ii) operating loss and tax credit carryforwards for tax purposes. Deferred tax assets are reduced by a valuation allowance when management concludes that it is more likely than not that a portion of the deferred tax assets will not be realized in a future period.
Reclassifications	Certain reclassifications have been made to the 2018 financial statements in order to conform to the 2019 presentation. These reclassifications have no effect on net loss, total assets or accumulated deficit as previously reported.
New Accounting Pronouncements	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. There was no impact to the financial statements upon adoption of this update effective May 1, 2018. In November 2016, the FASB issued ASU No. 2016-18 Statement of Cash Flows (Topic 230): Restricted Cash. The update requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. The update is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years, with early adoption permitted. There was no impact to the financial statements upon adoption of this update effective May 1, 2018. 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. There was no impact to the financial statements upon adoption of this update effective May 1, 2018. In June 2018, the FASB issued ASU No. 2018-07, Compensation-Stock Compensation, Improvements to Nonemployee Share-Based Payment Accounting. ASU No. 2018-07 expands the scope of the standard for stock-based compensation to include share-based payment transactions for acquiring goods and services from nonemployees. ASU No. 2018-07 will become effective for the Company on May 1, 2019 and early adoption is permitted. The Company is currently evaluating the impact of this update on its financial statements and related disclosures. 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 consolidated financial statements upon adoption. The Company does not discuss recent pronouncements that are not anticipated to have an impact on or are unrelated to its financial condition, results of operations, cash flows or disclosures.

NOTE 3 - EARNINGS PER SHARE (Ta

NOTE 3 - EARNINGS PER SHARE (Tables)	12 Months Ended
	Apr. 30, 2019
Earnings Per Share [Abstract]
Dilutive securities	April 30, 2019 April 30, 2018 Stock options 6,645,000 6,650,000 Warrants 30,654,249 30,654,249 TOTAL POSSIBLE DILUTIVE SHARES 37,299,249 37,304,249

NOTE 4 - EQUIPMENT AND MINING_2

NOTE 4 - EQUIPMENT AND MINING INTEREST (Tables)	12 Months Ended
	Apr. 30, 2019
Property, Plant and Equipment [Abstract]
Equipment and mining interest	April 30, 2019 April 30, 2018 Equipment $ 32,002 $ 32,002 Less accumulated depreciation (29,019 ) (27,354 ) Equipment, net of accumulated depreciation 2,983 4,648 Mining interest - Longstreet 464,124 409,874 TOTAL EQUIPMENT AND MINING INTEREST $ 467,107 $ 414,522
Future minimum required expenditures, annual payments, and number of stock options	Required expenditure January 17, 2018 through August 31, 2019 $ 500,000 September 1, 2019 through August 31, 2020 700,000 TOTAL $ 1,200,000 Cash payment (1) Stock options January 16, 2020 45,000 50,000 Payment due upon transfer but no later than January 16, 2021 85,000 - TOTAL $ 130,000 50,000

NOTE 5 - OTHER ASSETS (Tables)

NOTE 5 - OTHER ASSETS (Tables)	12 Months Ended
	Apr. 30, 2019
Other Assets [Abstract]
Other assets	April 30, 2019 April 30, 2018 Option on water rights lease agreements, net $ 15,735 $ 30,735 Prepaid insurance and other expenses 9,667 7,636 Total 25,402 38,371 Less Other Assets - Current (22,845 ) (22,636 ) TOTAL OTHER ASSETS - NON-CURRENT $ 2,557 $ 15,735

NOTE 6 - INCOME TAXES (Tables)

NOTE 6 - INCOME TAXES (Tables)	12 Months Ended
	Apr. 30, 2019
Income Tax Disclosure [Abstract]
Deffered tax asset, net	April 30, 2019 April 30, 2018 Deferred tax asset Net operating loss carryforward $ 1,438,800 $ 1,282,300 Stock-based compensation 200,200 200,200 Equipment and mining interests 296,600 365,600 Other 2,900 2,900 Total deferred tax assets 1,938,500 1,851,000 Valuation allowance (1,938,500 ) (1,851,000 ) NET DEFERRED TAX ASSETS $ - $ -
Income tax provision (benefit)	April 30, 2019 April 30, 2018 Amount computed using the statutory rate $ (70,500 ) (21 %) $ (129,600 ) (35 %) Effect of state taxes (18,400 ) (6 %) (20,500 ) (5 %) Other 1,400 - 2,900 1 % Impact of change in statutory tax rate - - 680,800 159 % Change in valuation allowance 87,500 (26 %) (533,600 ) (125 %) TOTAL INCOME TAX PROVISION (BENEFIT) $ - - % $ - - %

NOTE 9 - WARRANTS (Tables)

NOTE 9 - WARRANTS (Tables)	12 Months Ended
	Apr. 30, 2019
Share-based Payment Arrangement [Abstract]
Warrant activity	On October 31, 2017, the Company issued 10,798,849 warrants pursuant to the 2017 Offering which 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 three years commencing with its issuance date. The following is a summary of the Company’s warrants to purchase shares of common stock activity: Warrants Weighted Average Exercise Price Balance outstanding at April 30, 2017 19,855,400 $ 0.17 Issued – October 31, 2017 (Note 7) 10,798,849 0.15 Balance outstanding at April 30, 2018 and April 30, 2019 30,654,249 $ 0.16 The composition of the Company’s warrants outstanding at April 30, 2019 is as follows: Issue Date Expiration Date Warrants Exercise Price Remaining life (years) July 29, 2014 July 29, 2019 1,614,400 $ 0.23 0.25 October 12, 2015 October 12, 2020 4,241,000 0.20 1.45 October 12, 2016 October 12, 2021 14,000,000 0.15 2.45 October 31, 2017 October 31, 2020 10,798,849 0.15 1.51 30,654,249 $ 0.16 1.87
Warrants outstanding	Issue Date Expiration Date Warrants Exercise Price Remaining life (years) July 29, 2014 July 29, 2019 1,614,400 $ 0.23 0.25 October 12, 2015 October 12, 2020 4,241,000 0.20 1.45 October 12, 2016 October 12, 2021 14,000,000 0.15 2.45 October 31, 2017 October 31, 2020 10,798,849 0.15 1.51 30,654,249 $ 0.16 1.87

NOTE 10 - STOCK OPTIONS (Tables

NOTE 10 - STOCK OPTIONS (Tables)	12 Months Ended
	Apr. 30, 2019
Share-based Payment Arrangement [Abstract]
Assumptions	Options issued for mining interest For the years ended April 30, 2019 2018 Options issued 45,000 40,000 Expected volatility 336.6 % 331.9 % Expected term 10 years 10 years Risk free rate 2.73 % 2.54 % Fair value of options issued $ 2,250 $ 2,000 Options issued under the 2011 Stock Option/Restricted Stock Plan For the years ended April 30, 2019 2018 Options issued/re-priced - 1,400,000 Expected volatility - 296.7 % Expected term - 5 years Risk free rate - 2.79 % Fair value of options issued/re-priced $ - $ 90,923
Stock option activity	Options issued for mining interest For the year ended April 30, 2019 For the year ended April 30, 2018 Options Price (a) Options Price (a) Beginning balance 440,000 $ 0.28 400,000 $ 0.30 Issued 45,000 0.05 40,000 0.05 Exercised - - - - Expired (50,000 ) (0.30 ) - - Ending balance 435,000 $ 0.25 440,000 $ 0.28 Options issued under the 2011 Stock Option/Restricted Stock Plan For the year ended April 30, 2019 2018 Options Price (a) Options Price (a) Beginning balance 6,210,000 $ 0.06 4,810,000 $ 0.06 Issued - - 1,400,000 0.065 Exercised - - - - Expired/Repriced - - - - Ending balance 6,210,000 $ 0.06 6,210,000 $ 0.06
Additional information about the options	Options outstanding and exercisable Date of Grant Shares Price Remaining Term October 18, 2016 4,810,000 $ 0.06 2.47 April 30, 2018 1,400,000 0.065 4.00 Total options 6,210,000 $ 0.06 2.90
Options outstanding and exercisable	Options issued for: Expiration Date Options Weighted Average Exercise Price Mining interests April 11, 2020 to January 15, 2029 435,000 $ 0.25 Stock option plan October 18, 2021 to April 30, 2023 6,210,000 0.06 Outstanding and exercisable at April 30, 2019 6,645,000 $ 0.07

NOTE 3 - EARNINGS PER SHARE (De

NOTE 3 - EARNINGS PER SHARE (Details) - shares	12 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Total possible dilutive shares	37,299,249	37,304,249
Stock options
Total possible dilutive shares	6,654,000	6,650,000
Warrants
Total possible dilutive shares	30,654,249	30,654,249

NOTE 4 - EQUIPMENT AND MINING_3

NOTE 4 - EQUIPMENT AND MINING INTEREST (Details) - USD ($)	Apr. 30, 2019	Apr. 30, 2018
Property, Plant and Equipment [Abstract]
Equipment	$ 32,002	$ 32,002
Less accumulated depreciation	(29,019)	(27,354)
Equipment, net of accumulated depreciation	2,983	4,648
Mining interest - Longstreet	464,124	409,874
TOTAL EQUIPMENT AND MINING INTEREST	$ 467,107	$ 414,522

NOTE 4 - EQUIPMENT AND MINING_4

NOTE 4 - EQUIPMENT AND MINING INTEREST (Details 1)	Apr. 30, 2019USD ($)shares
Property, Plant and Equipment [Abstract]
January 17, 2018 through August 31, 2019	$ 500,000
September 1, 2019 through August 31, 2020	700,000
TOTAL	1,200,000
January 16, 2020	45,000
Payment due upon transfer but no later than January 16, 2021	85,000
TOTAL	$ 130,000
January 16, 2020, stock options | shares	50,000
Payment due upon transfer but no later than January 16, 2021, stock options | shares	0
TOTAL, stock options | shares	50,000

NOTE 5 - OTHER ASSETS (Details)

NOTE 5 - OTHER ASSETS (Details) - USD ($)	Apr. 30, 2019	Apr. 30, 2018
Other assets	$ 25,402	$ 38,371
Other assets, current	(22,845)	(22,636)
Other assets, non-current	2,557	15,735
Option on water rights lease agreements, net
Other assets	15,735	30,735
Prepaid insurance and other expenses
Other assets	$ 9,667	$ 7,636

NOTE 6 - INCOME TAXES (Details)

NOTE 6 - INCOME TAXES (Details) - USD ($)	Apr. 30, 2019	Apr. 30, 2018
Income Tax Disclosure [Abstract]
Net operating loss carryforward	$ 1,438,800	$ 1,282,300
Stock-based compensation	200,200	200,200
Equipment and mining interests	296,600	365,600
Other	2,900	2,900
Total deferred tax assets	1,938,500	1,851,000
Valuation allowance	(1,938,500)	(1,851,000)
NET DEFERRED TAX ASSETS	$ 0	$ 0

NOTE 6 - INCOME TAXES (Details

NOTE 6 - INCOME TAXES (Details 1) - USD ($)	12 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Income Tax Disclosure [Abstract]
Amount computed using the statutory rate	$ (70,500)	$ (129,600)
Effect of state taxes	(18,400)	(20,500)
Other	1,400	2,900
Impact of change in statutory tax rate	0	680,800
Change in valuation allowance	87,500	(533,600)
TOTAL INCOME TAX PROVISION (BENEFIT)	$ 0	$ 0
Amount computed using the statutory rate, percent	(21.00%)	(35.00%)
Effect of state taxes, percent	(6.00%)	(5.00%)
Other, percent	0.00%	1.00%
Impact of change in statutory tax rate, percent	0.00%	159.00%
Change in valuation allowance, percent	(26.00%)	(125.00%)
TOTAL INCOME TAX PROVISION (BENEFIT), percent	0.00%	0.00%

NOTE 6 - INCOME TAXES (Detail_2

NOTE 6 - INCOME TAXES (Details Narrative)	Apr. 30, 2019USD ($)
Federal
Net operating loss carry forward	$ 5,436,000
State
Net operating loss carry forward	$ 4,845,000

NOTE 7 - RELATED PARTY TRANSA_2

NOTE 7 - RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	12 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Related Party Transactions [Abstract]
Rent expense	$ 1,500	$ 3,000

NOTE 9 - WARRANTS (Details)

NOTE 9 - WARRANTS (Details) - $ / shares	12 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Share-based Payment Arrangement [Abstract]
Warrants outstanding, beginning	30,654,249	19,855,400
Warrants issued		10,798,849
Warrants outstanding, ending	30,654,249	30,654,249
Weighted average exercise price, beginning	$ .16	$ 0.17
Weighted average exercise price issued		.15
Weighted average exercise price, ending	$ .16	$ .16

NOTE 9 - WARRANTS (Details 1)

NOTE 9 - WARRANTS (Details 1) - $ / shares	12 Months Ended
	Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2017
Warrants	30,654,249	30,654,249	19,855,400
Exercise price	$ .16	$ .16	$ 0.17
Remaining life (years)	1 year 10 months 13 days
Warrant 1
Warrants	1,614,400
Exercise price	$ .23
Remaining life (years)	3 months
Warrant 2
Warrants	4,241,000
Exercise price	$ .20
Remaining life (years)	1 year 5 months 12 days
Warrant 3
Warrants	14,000,000
Exercise price	$ .15
Remaining life (years)	2 years 5 months 12 days
Warrant 4
Warrants	18,798,849
Exercise price	$ .15
Remaining life (years)	1 year 6 months 4 days

NOTE 10 - STOCK OPTIONS (Detail

NOTE 10 - STOCK OPTIONS (Details) - USD ($)	12 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Mining Interest
Options issued/re-priced	45,000	40,000
Expected volatility	336.60%	331.90%
Expected term	10 years	10 years
Risk free rate	2.73%	2.54%
Fair value of options issued/re-priced	$ 2,250	$ 2,000
2011 Stock Option/Restricted Stock Plan
Options issued/re-priced	0	1,400,000
Expected volatility	0.00%	296.70%
Expected term	0 years	5 years
Risk free rate	0.00%	2.79%
Fair value of options issued/re-priced	$ 0	$ 90,923

NOTE 10 - STOCK OPTIONS (Deta_2

NOTE 10 - STOCK OPTIONS (Details 1) - $ / shares	12 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Options outstanding, ending	6,645,000
Weighted average exercise price outstanding, ending	$ .07
Mining Interest
Options outstanding, beginning	440,000	400,000
Options issued	45,000	40,000
Options exercised	0	0
Options expired	(50,000)	0
Options outstanding, ending	435,000	440,000
Weighted average exercise price outstanding, beginning	$ .28	$ .30
Weighted average exercise price granted	.05	.05
Weighted average exercise price exercised	.00	.00
Weighted average exercise price expired	(0.30)	(.00)
Weighted average exercise price outstanding, ending	$ .25	$ .28
2011 Stock Option/Restricted Stock Plan
Options outstanding, beginning	6,210,000
Options issued	0	1,400,000
Options exercised	0
Options expired	0
Options outstanding, ending	6,210,000	6,210,000
Weighted average exercise price outstanding, beginning	$ .06	$ .06
Weighted average exercise price granted	.00	.065
Weighted average exercise price exercised	.00	.00
Weighted average exercise price expired	(.00)	(.00)
Weighted average exercise price outstanding, ending	$ .06	$ .06

NOTE 10 - STOCK OPTIONS (Deta_3

NOTE 10 - STOCK OPTIONS (Details 2) - $ / shares	12 Months Ended
	Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2017
Options outstanding and exercisable, shares	6,645,000
Options outstanding and exercisable, price	$ .07
2011 Stock Option/Restricted Stock Plan
Options outstanding and exercisable, shares	6,210,000	6,210,000
Options outstanding and exercisable, price	$ .06	$ .06	$ .06
Options outstanding and exercisable, remaining term	2 years 10 months 24 days
2011 Stock Option/Restricted Stock Plan | Stock Option 1
Options outstanding and exercisable, shares	4,810,000
Options outstanding and exercisable, price	$ .06
Options outstanding and exercisable, remaining term	2 years 5 months 19 days
2011 Stock Option/Restricted Stock Plan | Stock Option 2
Options outstanding and exercisable, shares	1,400,000
Options outstanding and exercisable, price	$ .065
Options outstanding and exercisable, remaining term	4 years

NOTE 10 - STOCK OPTIONS (Deta_4

NOTE 10 - STOCK OPTIONS (Details 3) - $ / shares	Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2017
Options outstanding and exercisable, shares	6,645,000
Options outstanding and exercisable, price	$ .07
Mining Interest
Options outstanding and exercisable, shares	435,000	440,000	400,000
Options outstanding and exercisable, price	$ .25	$ .28	$ .30
2011 Stock Option/Restricted Stock Plan
Options outstanding and exercisable, shares	6,210,000	6,210,000
Options outstanding and exercisable, price	$ .06	$ .06	$ .06