PROPERTY MINERAL RIGHTS AND EQUIPMENT (Details Narrative) - USD ($) |
1 Months Ended | 3 Months Ended | ||
---|---|---|---|---|
Apr. 26, 2022 |
Dec. 31, 2022 |
Dec. 31, 2021 |
May 31, 2022 |
|
Proceeds From Lease Of Mineral Rights | $ 0 | |||
Depreciation expense | 0 | $ 0 | ||
Equipment and vehicles | Normandy Gold Limited | ||||
Earn-in joint venture agreement | 12 years | |||
Option solely fund | $ 250,000 | |||
Option solely fund period | 6 years | |||
Shares issued | 2,000,000 | |||
Interest earn | 75.00% | |||
Initial interest earn | 51.00% | |||
Exploration expenditures | $ 2,000,000 | |||
Equipment and vehicles | Normandy Gold Limited | Twelve Months Member | ||||
Exercising the exclusive option expenditures | 100,000 | |||
Equipment and vehicles | Normandy Gold Limited | Twenty Four Months Member | ||||
Exercising the exclusive option expenditures | 5,000,000 | |||
Additional option expense | 400,000 | |||
Exercising option payment | 100,000 | |||
Equipment and vehicles | Normandy Gold Limited | Thirty Six Months Member | ||||
Exercising the exclusive option expenditures | 2,000,000 | |||
Additional option expense | 1,500,000 | |||
Exercising option payment | $ 150,000 | |||
Additional Interest earn | 0.00% | 24.00% | ||
Equipment and vehicles | Normandy Gold Limited | August 23,2022 Member | New York Canyon Member | ||||
New york canyon description | the Company purchased one patented mining claim, comprising of a total of 13.77 acres commonly known as the South Wales #1 patent within the New York Canyon claim block, from Newmont Capital Limited for a total of $41,310. In conjunction with this purchase, the Company granted a 1.5% net smelter return royalty to the seller | |||
Equipment and vehicles | Normandy Gold Limited | September 28,2022 Member | New York Canyon Member | ||||
New york canyon description | the Company purchased five patented mining claims, comprising of a total of 28.82 acres commonly known as the Tiger Lilly, Eureka Giant, Southern Cross, Maria and Best & Belcher patents with and near the New York Canyon claim block, from the University of Nevada, Reno Foundation for a total of $86,460. In conjunction with this purchase, the Company granted a 1.5% net smelter return royalty to the seller. Two of the patented claims are not within the New York Canyon claim block but will be included with this designation on the Company’s claims record references | |||
Equipment and vehicles | Normandy Gold Limited | October 26,2022 Member | New York Canyon Member | ||||
New york canyon description | During the fourth quarter of fiscal 2022 and first quarter of fiscal 2023, the Company purchased an interest in three patented claims within the New York Canyon claim block from private parties for $10,933. In conjunction with the purchase, the Company granted a 0.5% net smelter return royalty to the sellers | |||
Equipment and vehicles | Normandy Gold Limited | Joint Venture Period Member | ||||
Exploration expenditures | $ 3,000,000 | |||
Common shares issued | 2,000,000 | |||
Initial non-refundable cash payment received | $ 50,000 | |||
Equipment and vehicles | Normandy Gold Limited | Earn In Period Member | ||||
Earn-in period description | During the Earn-In Period, NDY will be the operator of the project and be responsible for payment of annual federal and county claim fees. NDY may withdraw from the Earn-In after spending $100,000, or if the transfer of claims ownership to the Company is not successfully completed within 24 months of commencement of the Earn-In Period | |||
CIT Microprobe Holdings, LLC | Equipment and vehicles | ||||
Lease term period | 50 years | |||
Purchase agreement in cash | $ 50,000 |