Form 10-Q - Quarterly report [Sections 13 or 15(d)]

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

(Mark One)

☒ Quarterly Report Pursuant to Section 13 Or 15(d) Of The Securities Exchange Act of 1934

For the quarterly period ended October 31, 2024

☐ Transition Report Under Section 13 Or 15(d) Of The Securities Exchange Act of 1934

For the transition period ________ to ________

COMMISSION FILE NUMBER 000-52711

STAR GOLD CORP.

(Exact name of small business issuer as specified in its charter)

Nevada

27-0348508

(State or other jurisdiction of incorporation or organization)

(IRS Employer Identification No.)

1875 N. Lakewood Drive, Suite 303
Coeur d’Alene, Idaho
(Address of principal executive office)

83814

(Postal Code)

(208) 664-5066

(Issuer’s telephone number)

Title of Each Class	Trading Symbol	Name of Each Exchange on Which Registered
Common Stock, $0.001 par value,	SRGZ	OTCQB

Indicate by check mark whether the issuer (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes ☒ No ☐

Indicate by checkmark whether the registrant has submitted electronically and posted on its corporate Website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post filed). Yes ☒ No ☐

Indicate by checkmark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See definition of “Accelerated filer and large accelerated filer” in Rule 12b-2 of the Exchange Act (Check one):

Large Accelerated Filer ☐	Accelerated Filer ☐
Non-Accelerated Filer ☒	Smaller Reporting Company ☒
Emerging Growth Company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

As of January 27, 2025, there were 97,290,810 shares of registrant’s common stock, $0.01 par value, issued and outstanding.

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Contents

PART I - FINANCIAL INFORMATION		3
ITEM 1.	FINANCIAL STATEMENTS	3
ITEM 2.	MANAGEMENT’S DISCUSSION AND ANALYSIS AND PLAN OF OPERATION	12
ITEM 3.	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	20
ITEM 4.	CONTROLS AND PROCEDURES	21
PART II - OTHER INFORMATION		21
ITEM 1.	LEGAL PROCEEDINGS.	21
ITEM 1A.	RISK FACTORS	21
ITEM 2.	RECENT SALES OF UNREGISTERED SECURITIES.	21
ITEM 3.	DEFAULTS UPON SENIOR SECURITIES	21
ITEM 4.	MINE SAFETY DISCOSURES.	21
ITEM 5.	OTHER INFORMATION	21
ITEM 6.	EXHIBITS	22

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PART I - FINANCIAL INFORMATION

ITEM 1.

FINANCIAL STATEMENTS

STAR GOLD CORP.

CONDENSED INTERIM BALANCE SHEETS (UNAUDITED)

	October 31, 2024			April 30, 2024
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	6,822		$	5,168
Other current assets		862			1,806
TOTAL CURRENT ASSETS		7,684			6,974
MINING INTEREST (NOTE 4)		602,167			590,167
RECLAMATION BOND (NOTE 4)		89,400			89,400
TOTAL ASSETS	$	699,251		$	686,541
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
CURRENT LIABILITIES:
Accounts payable and accrued liabilities	$	66,428		$	39,458
Accrued interest, related parties		92,590			66,952
Current portion, long-term debt (NOTE 5)		150,000			150,000
TOTAL CURRENT LIABILITIES		309,018			256,410
LONG TERM LIABILITIES:
PROMISSORY NOTE, RELATED PARTY (NOTE 5)		119,000			50,000
CONVERTIBLE PROMISSORY NOTES, RELATED PARTIES (NOTE 5)		477,500			437,500
TOTAL LIABILITIES		905,518			743,910
COMMITMENTS AND CONTINGENCIES (NOTE 4 and 5)		-			-
STOCKHOLDERS’ EQUITY (DEFICIT)
Preferred Stock, $.001 par value; 10,000,000 shares authorized, none issued and outstanding		-			-
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		(13,006,437	)		(12,857,539	)
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT)		(206,267	)		(57,369	)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)	$	699,251		$	686,541

The accompanying notes are an integral part of these unaudited condensed financial statements.

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STAR GOLD CORP.

CONDENSED INTERIM STATEMENTS OF OPERATIONS (UNAUDITED)

	Three months ended October 31,						Six months ended October 31,
	2024			2023			2024			2023
OPERATING EXPENSE
Mineral exploration expense	$	-		$	-		$	33,389		$	25,896
Pre-development expense		-			1,438			-			10,480
Legal and professional fees		16,632			28,505			51,297			53,917
Management and administrative		18,916			20,096			38,170			40,427
TOTAL OPERATING EXPENSES		35,548			50,039			122,856			130,720
LOSS FROM OPERATIONS		(35,548	)		(50,039	)		(122,856	)		(130,720	)
OTHER INCOME (EXPENSE)
Interest income		-			1			-			3
Interest expense		(403	)		(401	)		(403	)		(803	)
Interest expense, related parties		(13,510	)		(10,885	)		(25,639	)		(18,758	)
TOTAL OTHER INCOME (EXPENSE)		(13,913	)		(11,285	)		(26,042	)		(19,558	)
NET LOSS BEFORE INCOME TAXES		(49,461	)		(61,324	)		(148,898	)		(150,278	)
Provision for income taxes		-			-			-			-
NET LOSS	$	(49,461	)	$	(61,324	)	$	(148,898	)	$	(150,278	)
Basic and diluted loss per share	$Nil			$Nil			$Nil			$Nil
Basic and diluted weighted average number shares outstanding		97,290,810			97,290,810			97,290,810			97,290,810

The accompanying notes are an integral part of these unaudited condensed financial statements.

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STAR GOLD CORP.

CONDENSED INTERIM STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (DEFICIT) (UNAUDITED)

For the three and six months ended October 31, 2024 and 2023

	Common Stock				Additional					Total
	Shares		Par Value		Paid-in		Accumulated			Stockholders’
	Issued		$.001 per share		Capital		Deficit			Equity (Deficit)
BALANCE, April 30, 2023		97,290,810	$	97,291	$	12,702,879	$	(12,619,828	)	$	180,342
Net loss		-		-		-		(88,954	)		(88,954	)
BALANCE, July 31, 2023		97,290,810		97,291	$	12,702,879	$	(12,708,782	)	$	91,388
Net loss		-		-		-		(61,324	)		(61,324	)
BALANCE, October 31, 2023		97,290,810	$	97,291	$	12,702,879	$	(12,770,106	)	$	30,064

BALANCE, April 30, 2024		97,290,810	$	97,291	$	12,702,879	$	(12,857,539	)	$	(57,369	)
Net loss		-		-		-		(99,437	)		(99,437	)
BALANCE, July 31, 2024		97,290,810		97,291	$	12,702,879	$	(12,956,976	)	$	(156,806	)
Net loss		-		-		-		(49,461	)		(49,461	)
BALANCE, October 31, 2024		97,290,810	$	97,291	$	12,702,879	$	(13,006,437	)	$	(206,267	)

The accompanying notes are an integral part of these unaudited condensed financial statements.

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STAR GOLD CORP.

CONDENSED INTERIM STATEMENTS OF CASH FLOWS (UNAUDITED)

	Six months ended
	October 31, 2024			October 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(148,898	)	$	(150,278	)
Changes in assets and liabilities:
Other current assets		944			9,585
Accounts payable and accrued liabilities		26,970			11,386
Accrued interest, related parties		25,638			18,758
Net cash used by operating activities		(95,346	)		(110,549	)
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 party		69,000			55,000
Proceeds from convertible notes payable, related parties		40,000			105,000
Net cash provided by financing activities		109,000			160,000
Net increase in cash and cash equivalents		1,654			37,451
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD		5,168			33,505
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	6,822		$	70,956

The accompanying notes are an integral part of these unaudited condensed financial statements.

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STAR GOLD CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED)

October 31, 2024

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 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 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, 2024 was derived from audited annual financial statements but does not contain all of the footnote disclosures from the annual financial statements. Operating results for the three- and six- month period ended October 31, 2024 are not necessarily indicative of the results that may be expected for the fiscal year ending April 30, 2025.

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-K for the year ended April 30, 2024 filed with the Securities and Exchange Commission on August 13, 2024.

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 October 31, 2024, the Company has limited financial resources with which to achieve the objectives and obtain profitability and positive cash flows. As shown in the accompanying condensed balance sheet as of October 31, 2024, the Company has an accumulated deficit of $13,006,437. On October 31, 2024, the Company's working capital deficit was $301,334. The lack of sufficient working capital to meet current obligations, continuing losses and ongoing cash used by operating activities raises substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classification of liabilities that might be necessary in the event the Company cannot continue in existence. Achievement of the Company’s objectives will depend on the ability to obtain additional financing, to locate profitable mining properties and generate revenue from current and planned business operations, and control costs. The Company plans to fund its future operations by joint venturing or obtaining additional financing from investors and/or lenders.

Financial Instruments

The Company's financial instruments include cash and cash equivalents, reclamation bonds, promissory notes related party and convertible promissory notes, related parties.

Cash and cash equivalents, reclamation bonds, promissory notes, related party and convertible promissory notes, related parties are accounted for on a cost basis, which, due to the short maturity of these financial instruments, approximates fair value at October 31, 2024.

New Accounting Pronouncements

Accounting Standards Updates Adopted

In August 2023, the Financial Accounting Standards Board issued Accounting Standards Update (“ASU”) 2023-05, Business Combinations - Joint Venture Formations (Subtopic 805-60): Recognition and Initial Measurement, which clarifies the business combination accounting for joint venture formations. The amendments in the ASU seek to reduce diversity in practice that has resulted from a lack of authoritative guidance regarding the accounting for the formation of joint ventures in separate financial statements. The amendments also seek to clarify the initial measurement of joint venture net assets, including businesses contributed to a joint venture. The guidance is applicable to all entities involved in the formation of a joint venture. The amendments are effective for all joint venture formations with a formation date on or after January 1, 2025. Early adoption and retrospective application of the amendments are permitted. We do not expect adoption of the new guidance to have a material impact on our financial statements and disclosures.

In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2023-07 (“ASU 2023-07”), Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, amending reportable segment disclosure requirements to include disclosure of incremental segment information on an annual and interim basis. Among the disclosure enhancements are new disclosures regarding significant segment expenses that are regularly provided to the chief operating decision-maker and included within each reported measure of segment profit or loss, as well as other segment items bridging segment revenue to each reported measure of segment profit or loss. The amendments in ASU 2023-07 are effective for fiscal years beginning after December 15, 2023, and for interim periods within fiscal years beginning after December 15, 2024, and are applied retrospectively. Early adoption is permitted. We are currently evaluating the impact of this update on our financial statements and disclosures.

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STAR GOLD CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED)

In December 2023, the FASB issued Accounting Standards Update 2023-09 (“ASU 2023-09”), Income Taxes (Topic 740): Improvement to Income Tax Disclosures, amending income tax disclosure requirements for the effective tax rate reconciliation and income taxes paid. The amendments in ASU 2023-09 are effective for fiscal years beginning after December 15, 2024 and are applied prospectively. Early adoption and retrospective application of the amendments are permitted. We are currently evaluating the impact of this update on our financial statements and disclosures.

In November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, which requires disclosure about the types of costs and expenses included in certain expense captions presented on the income statement. The new disclosure requirements are effective for the Company's annual periods beginning after December 15, 2026, and interim periods beginning after December 15, 2024, with early adoption permitted, and may be applied either prospectively or retrospectively. The Company is currently evaluating the ASU to determine its impact on our financial statements and disclosures.

Accounting standards that have been issued or proposed by the Financial Accounting Standards Board ("FASB") that do not require adoption until a future date are not expected to have a material impact on the 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.

Reclassifications

Certain reclassifications have been made to the April 30, 2024 financial statements in order to conform to the October 31, 2024 financial statement presentation. These reclassifications have no effect on net loss, total assets or accumulated deficit as previously reported.

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, convertible promissory notes including accrued interest and warrants.

The outstanding securities on October 31, 2024 and 2023 that could have a dilutive effect are as follows:

	October 31, 2024		October 31, 2023
Stock options		2,500,000		3,435,000
Convertible promissory notes and accrued interest, related parties		30,653,592		25,399,822
Warrants		2,000,000		2,000,000
Total Possible Dilution		35,153,592		30,834,822

For the three- and six- months ended October 31, 2024 and 2023 , respectively, the effect of the Company’s outstanding stock options, convertible promissory notes and accrued interest, related parties and warrants would have been anti-dilutive and so are excluded in the calculation of diluted EPS.

NOTE 4 –MINING INTEREST

The following is a summary of the Company’s equipment and mining interest on October 31, 2024 and April 30, 2024.

	October 31, 2024		April 30, 2024
Mining interest - Longstreet		602,167		590,167
Total	$	602,167	$	590,167

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 (the “Longstreet Agreement”), the Company leased, with an option to acquire, unpatented mining claims located in the State of Nevada known as the Longstreet Property. Through August 12, 2019, the Company was required to make minimal lease payments in the form of cash and options to purchase shares of the Company’s common stock.

On August 24, 2020, the Company executed an amendment which grants the Company the option, to be exercised no later than six (6) months following the first receipt of proceeds from the sale of ore from the Longstreet Property, to purchase one-half of Great Basin’s 3.0% Net Smelter Royalty on the Longstreet Project for a payment of $1,750,000.

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 six months ended October 31, 2024 and 2023, respectively, the Company paid the annual $12,000 advance royalty on the Longstreet Property.

At October 31, 2024 and April 30, 2024, the Company has a reclamation bond of $89,400 with the United States Department of Agriculture-Forest Service to increase the Reclamation Bond as collateral on the Longstreet Property. The bond is collateral on reclamation of planned drilling activities on the Longstreet Property and is refundable subject to the Company completing defined reclamation actions upon completion of drilling.

NOTE 5– RELATED PARTY TRANSACTIONS

The following is a summary of the Company's Promissory notes, related parties and convertible promissory notes, related parties as of October 31, 2024:

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STAR GOLD CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED)

Maturity date	Interest rate			Conversion price per share		Shares (if converted)		Principal amount		Accrued interest		Total
Promissory notes, related party
March 31, 2024		8	%	$	-		-	$	-	$	852	$	852
August 24, 2026		8	%		-		-		15,000		2,135		17,135
August 24, 2026		8	%		-		-		35,000		3,329		38,329
August 5, 2026		8	%		-		-		5,000		95		5,095
August 12, 2026		8	%		-		-		35,000		613		35,613
September 10, 2027		8	%						15,000		168		15,168
October 29, 2027		8	%		-		-		14,000		6		14,006
							-	$	119,000	$	7,198	$	126,198
Convertible promissory notes, related parties
April 30, 2025		5	%	$	0.05		3,438,082	$	150,000	$	21,904	$	171,904
April 14, 2026		8	%		0.02		15,304,438		260,000		46,089		306,089
April 14, 2026		8	%		0.02		2,950,644		52,500		6,513		59,013
October 24, 2026		8	%		0.0206		787,501		15,000		1,223		16,223
October 24, 2026		8	%		0.0206		4,731,853		90,000		7,476		97,476
March 22, 2027		8	%		0.0165		1,277,210		20,000		1,074		21,074
June 26, 2027		8	%		0.0190		2,163,864		40,000		1,113		41,113
							30,653,592	$	627,500	$	85,392	$	712,892

The following is a summary of the Company's Promissory notes, related parties and convertible promissory notes, related parties as of April 30, 2024:

Maturity date	Interest rate			Conversion price per share		Shares (if converted)		Principal amount		Accrued interest		Total
Promissory notes, related party
March 31, 2024		8	%	$	-		-	$	-	$	852	$	852
June 28, 2026		8	%		-		-		15,000		1,328		16,328
August 24, 2026		8	%		-		-		35,000		1,918		36,918
							-	$	50,000	$	4,098	$	54,098
Convertible promissory notes, related parties
April 30, 2025		5	%	$	0.05		3,362,460	$	150,000	$	18,123	$	168,123
April 14, 2026		8	%		0.02		14,780,150		260,000		35,603		295,603
April 14, 2026		8	%		0.02		2,844,800		52,500		4,396		56,896
October 24, 2026		8	%		0.0206		758,155		15,000		618		15,618
October 24, 2026		8	%		0.0206		4,555,680		90,000		3,847		93,847
March 22, 2027		8	%		0.0165		1,228,303		20,000		267		20,267
							27,529,548	$	587,500	$	62,854	$	650,354

Promissory notes, related party

On June 28, 2023, the Company entered into a promissory note with the Chairman of the Board of Directors in the amount of $20,000. The promissory note had a maturity date of June 28, 2024 which was subsequently extended to August 24, 2026. The note accrues interest at 8% per annum. As of October 31, 2024 the balance of the promissory note is $15,000.

On August 24, 2023, the Company entered into a promissory note with the Chairman of the Board of Directors in the amount of $35,000. The promissory note had a maturity date of August 24, 2024 which was subsequently extended to August 24, 2026. The note accrues interest at 8% per annum. As of October 31, 2024, the balance of the promissory note is $35,000.

On August 5, 2024, the Company entered into a promissory note with the Chairman of the Board of Directors in the amount of $5,000. The promissory note had a maturity date of August 5, 2026. The note accrues interest at 8% per annum.

On August 11, 2024, the Company amended the June 28, 2023 and August 24, 2023 promissory notes with the Chairman of the Board of Directors. The amendment extended the maturity date of both of the promissory notes to August 24, 2026.

On August 12, 2024, the Company entered into a promissory note with the Chairman of the Board of Directors in the amount of $35,000. The promissory note had a maturity date of August 12, 2027. The note accrues interest at 8% per annum.

On September 10, 2024, the Company entered into a promissory note with the Chairman of the Board of Directors in the amount of $15,000. The promissory note had a maturity date of September 10, 2027. The note accrues interest at 8% per annum.

On October 29, 2024, the Company entered into a promissory note with the Chairman of the Board of Directors in the amount of $14,000. The promissory note had a maturity date of October 29, 2027. The note accrued interest at 8% per annum.

As of October 31, 2024 and April 30, 2024 , the principal balance of the promissory notes, related party is $119,000 and $50,000, respectively. As of October 31, 2024 and April 30, 2024 , accrued interest on the promissory notes, related party is $7,198 and $4,098, respectively, which is included in "Accrued interest, related parties" on the balance sheet.

Convertible promissory notes, related parties

On November 30, 2021, the Company entered into four Convertible Promissory Notes (the “Convertible Promissory Notes”) with certain officers and directors of the Company in consideration of deferred compensation totaling $150,000. The notes accrue interest at 5% per annum with monthly interest-only payments through April 30, 2025. The notes mature April 30, 2025. The Convertible Promissory Notes and accrued interest 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. As of October 31, 2024 and April 30, 2024, the balance outstanding on the Convertible Promissory Notes is $150,000 and shown in the balance sheet within the current portion, long-term debt. The balance of accrued interest on the Convertible Promissory Notes is $21,904 and $18,123 at October 31, 2024 and April 30, 2024, respectively. The Convertible Promissory Notes and accrued interest are convertible into an aggregate of 3,438,082 shares.

On April 14, 2023, the Company issued four convertible promissory notes (the " April 14, 2023 Notes") with an aggregate principal amount $312,500. Three of the April 14, 2023 Notes were issued to an officer, a member of the Company’s Board of Directors and an entity controlled by two members of the Board of Directors totaling $52,500. The April 14, 2023 Notes bear eight percent (8%) interest and have a maturity date of April 14, 2026 (the “Maturity Date”). There are no required periodic payments due under the Notes and the entire amount of accrued interest and unpaid principal is due and payable on the maturity date. The Notes and accrued interest are convertible into 18,255,082 shares of common stock of the Company at the conversion price of $0.02 per share.

On October 24, 2023, the Company issued two convertible promissory notes (the " October 24, 2023 Convertible Notes") with an aggregate principal amount of $105,000. One note was issued to a related party entity, controlled by two members of the Board, totaling $90,000. The other note was issued to an officer of the Company in the amount of $15,000. The October 24, 2023 Convertible Notes have a maturity date of October 24, 2026 and accrues interest at 8% per annum. There are no required periodic payments due under the Notes and the entire amount of accrued interest and unpaid principal is due and payable on the Maturity Date. The notes and accrued interest are convertible into 5,519,354 shares of common stock of the Company at the conversion price of $.0206 per share.

On March 22, 2024, the Company issued a convertible promissory note (the "March 22, 2024 Convertible Note") with an principal amount of $20,000 to a related party entity controlled by two members of the Board. The March 22, 2024 Convertible Note has a maturity date of March 22, 2027 and accrues interest at 8% per annum. There are no required periodic payments due under the Notes and the entire amount of accrued interest and unpaid principal is due and payable on the Maturity Date. The notes and accrued interest are convertible into 1,277,210 shares of common stock of the Company at the conversion price of $.0165 per share.

On June 26, 2024, the Company issued a convertible promissory note (the “June 26, 2024 Convertible Note”) with a principal amount of $40,000 to a related party entity controlled by two members of the Board. The June 26, 2024 Convertible Note has a maturity date of June 26, 2027 and accrues interest at 8% per annum. There are no required periodic payments due under the note and the entire amount of accrued interest and unpaid principal is due and payable on the Maturity Date. The notes and accrued interest are convertible into 2,163,864 shares of common stock of the Company at a conversion price of $.019 per share.

At October 31, 2024 and April 30, 2024, the balance of accrued interest due to related parties from convertible promissory notes is $85,392 and $62,854, respectively, which is included in “Accrued interest, related parties” on the balance sheet.

For the three months ended October 31, 2024 and 2023, the Company recognized interest expense of $13,510 and $10,885, respectively. For the six months ended October 31, 2024 and 2023 , the Company recognized interest expense, related parties of $25,639 and $18,758, respectively.

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STAR GOLD CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED)

Consulting agreements

For the three months ended October 31, 2024 and 2023, the Company recognized $7,500 and $7,500, respectively, in management and administrative expense under the consulting agreements. For the six months ended October 31, 2024 and 2023 , the Company recognized $15,000 and $15,000, respectively, in management and administrative expense under the consulting agreements.

NOTE 6 – WARRANTS

On October 31, 2021, the Company granted 2,000,000 warrants to purchase Common Stock in lieu of cash payment for future services. The warrants have an exercise price of $0.0442. The expiration date of the warrants is October 31, 2026.

No warrants were issued, exercised, expired or forfeited during the three and six months ended October 31, 2024 or 2023.

NOTE 7– STOCK OPTIONS

Options issued for mining interest

In consideration for its mining interest in prior years (see Note 4), the Company was 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 were capitalized as mining interest.

Options outstanding for mining interest totaled Nil at October 31, 2024 and 935,000 at April 30, 2024 and were fully vested. During the three months ended October 31, 2024, 935,000 options for mining interest expired.

Options issued under the 2011 Stock Option/Restricted Stock Plan

The Company established the 2011 Stock Option/Restricted Stock Plan (the “2011 Plan”). The 2011 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.

No options were issued, exercised, expired or forfeited under the Stock Option Plan during the three- and six- months ended October 31, 2024 or 2023.

The total value of stock option awards is expensed ratably over the vesting period of the employees receiving the awards. As of October 31, 2024 and April 30, 2024, respectively, there was no unrecognized compensation cost related to stock-based options and awards. As of October 31, 2024, the remaining average term of the 2011 Plan option grants was 1.50 years. As of October 31, 2024, the weighted average exercise price of the options issued under the 2011 plan was $0.06.

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STAR GOLD CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED)

The following table summarizes additional information about the options under the Company's Stock Option Plan:

Options outstanding and exercisable

Remaining Term

Date of Grant

Shares

(years)

Price

April 30, 2021

2,500,000

1.50

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 October 31, 2024 and April 30, 2024		2,500,000	$	0.06

Weighted

Average

Weighted

Remaining Term

Average Exercise

Options issued for:

Options

(years)

Price

Stock option plan

2,500,000

1.50

0.06

Outstanding and exercisable at October 31, 2024

2,500,000

0.06

The aggregate intrinsic value of all options vested and exercisable at October 31, 2024, was $Nil based on the Company’s closing price of $0.0131 per common share at October 31, 2024. The Company’s current policy is to issue new shares to satisfy option exercises.

NOTE 8– SUBSEQUENT EVENTS

On December 4, 2024, the Company entered into a promissory note with the Chairman of the Board of Directors in the amount of $3,000. The promissory note had a maturity date of December 4, 2027. The note accrued interest at 8% per annum.

On January 2, 2025, the Company entered into a promissory note with the Chairman of the Board of Directors in the amount of $6,000. The promissory note had a maturity date of January 2, 2028. The note accrued interest at 8% per annum.

On January 29, 2025, the Company entered into a promissory note with the Chairman of the Board of Directors in the amount of $15,000. The promissory note had a maturity date of January 29, 2028. The note accrued interest at 8% per annum.

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ITEM 2.

MANAGEMENT’S DISCUSSION AND ANALYSIS AND PLAN OF OPERATION.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This quarterly report and the exhibits attached hereto contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements concern the Company’s anticipated results and developments in the Company’s operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management.

Any statement that expresses or involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates”, or “intends”, or states that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation:

●

Risks related to the Company’s properties being in the exploration stage;

●

Risks related to the mineral operations being subject to government regulation;

●

Risks related to environmental concerns;

●

Risks related to the Company’s ability to obtain additional capital to develop the Company’s resources, if any;

●

Risks related to mineral exploration and development activities;

●

Risks related to mineral estimates;

●

Risks related to the Company’s insurance coverage for operating risks;

●

Risks related to the fluctuation of prices for precious and base metals, such as gold, silver and copper;

●

Risks related to the competitive industry of mineral exploration;

●

Risks related to the title and rights in the Company’s mineral properties;

●

Risks related to the possible dilution of the Company’s common stock from additional financing activities;

●

Risks related to potential conflicts of interest with the Company’s management; and

●

Risks related to the Company’s shares of common stock.

This list is not exhaustive of the factors that may affect the Company’s forward-looking statements. Some of the important risks and uncertainties that could affect forward-looking statements are described further under the sections titled “Risk Factors" and “Management’s Discussion and Analysis” of this Quarterly Report. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, believed, estimated or expected. The Company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Star Gold Corp. disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events, except as required by law. The Company advises readers to carefully review the reports and documents filed from time to time with the Securities and Exchange Commission (the “SEC”), particularly the Company’s Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

Star Gold Corp qualifies all forward-looking statements contained in this Quarterly Report by the foregoing cautionary statement.

Certain statements contained in this Quarterly Report on Form 10-Q constitute “forward-looking statements.” These statements, identified by words such as “plan,” “anticipate,” “believe,” “estimate,” “should,” “expect,” and similar expressions include the Company’s expectations and objectives regarding its future financial position, operating results and business strategy. These statements reflect the current views of management with respect to future events and are subject to risks, uncertainties and other factors that may cause actual results, performance or achievements, or industry results, to be materially different from those described in the forward-looking statements. Such risks and uncertainties include those set forth under the caption “Management’s Discussion and Analysis or Plan of Operation” and elsewhere in this Quarterly Report.

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As used in this Quarterly Report, the terms “we,” “us,” “our,” “Star Gold,” and the “Company”, mean Star Gold Corp., unless otherwise indicated. All dollar amounts in this Quarterly Report are expressed in U.S. dollars, unless otherwise indicated. Management’s Discussion and Analysis is intended to be read in conjunction with the Company’s financial statements and the integral notes (“Notes”) thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ending April 30, 2024. The following statements may be forward-looking in nature and actual results may differ materially.

Corporate Background

The Company was originally incorporated on December 8, 2006, under the laws of the State of Nevada as Elan Development, Inc. On April 25, 2008, the name of the Company was changed to Star Gold Corp. Star Gold Corp. is a pre-development stage company engaged in the acquisition and exploration of precious metal deposit properties and advancing them toward production. The Company is engaged in the business of exploring, evaluating and acquiring mineral prospects with the potential for economic deposits of precious and base metals.

Star Gold Corp. originally leased with an option to acquire certain unpatented mining claims located in the State of Nevada which in part make up what we refer to as the “Longstreet Property” or the “Longstreet Project.” The Longstreet Property in its entirety comprises 142 mineral claims: 75 original optioned claims, of which 70 are unpatented staked claims and five claims leased from local ranchers, pursuant to the “Clifford Lease”; as well as 50 claims subsequently staked by Star Gold. The Longstreet Property covers a total area of approximately 2,500 acres (1,012 ha). The Longstreet Project is at an intermediate stage of exploration.

The Company has no patents, licenses, franchises or concessions which are considered by the Company to be of importance. The business is not of a seasonal nature. Because minerals are traded in the open market, the Company has little to no control over the competitive conditions in the industry.

Overview of Mineral Exploration and Current Operations

Star Gold Corp. is a pre-development stage mineral company with no producing mines. Mineral exploration is essentially a research activity that does not produce a product. The Company acquires properties which it believes have potential to host economic concentrations of minerals, particularly gold and silver. These acquisitions have and may take the form of unpatented mining claims on federal land, or leasing claims, or private property owned by others. An unpatented mining claim is an interest, that can be acquired, in the mineral rights on open lands of the federally owned public domain. Claims are staked in accordance with the Mining Law of 1872, recorded with the federal government pursuant to laws and regulations established by the Bureau of Land Management. The Company intends to remain in the business of exploring for mining properties that have the potential to produce gold, silver, base metals and other commodities.

The Company will perform basic geological work to identify specific drill targets on the properties, and then collect subsurface samples by drilling to confirm the presence of mineralization (the presence of economic minerals in a specific area or geological formation). The Company may enter joint venture agreements with other companies to fund further exploration and/or development work. It is the Company’s plan to focus on assembling a high-quality group of mid-stage mineral (primarily gold and silver) exploration prospects, using the experience and contacts of the management group. By such prospects, the Company means properties that have been previously identified by third parties, (including prior owners and/or exploration companies), as mineral prospects with potential for economic mineralization. Often these properties have been sampled, mapped and sometimes drilled, usually with indefinite results. Accordingly, such acquired projects will have either prior exploration history or will have strong similarity to a recognized geologic ore deposit model. Geographic emphasis will be placed on the western United States.

The geologic potential and ore deposit models have been defined and specific drill targets identified on the Longstreet Property. The Company’s property evaluation process involves using basic geologic fieldwork to perform an initial evaluation of a property. If the evaluation is positive, the Company seeks to acquire, either by staking unpatented mining claims on open public domain, or by leasing the property from the owner of private property or the owner of unpatented claims. Once acquired, the Company then typically makes a more detailed evaluation of the property. This detailed evaluation involves expenditures for exploration work which may include rock and soil sampling, geologic mapping, geophysics, trenching, drilling or other means to determine if economic mineralization is present on a property.

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The Company owns 137 claims and leases 5 Claims from Clifford. The Company shall pay an aggregate 3% Net Smelter Royalty (“NSR”), divided between Great Basin Resources, Inc. (“Great Basin”) and Clifford within thirty (30) days following the end of the calendar quarter under which the Company receives Net Smelter Returns. To date, the Company has not received Net Smelter Returns. Third parties to which NSR payments would be made are as follows:

Property name		Longstreet
Third parties		Great Basin Resources, Inc. and Clifford
Number of claims		142 ^(1)(2)(3)(4)
Acres (approx.)		2,500
Agreements/Royalties
	Royalties	3% Net Smelter Royalty (“NSR”)
	Annual advance royalty payment	$12,000

(1)

Great Basin took assignment from MinQuest, Inc., of the 142 total claims controlled by the Company (Note 4 of the financial statements) of which 137 are owned by the Company and 5 of which are owned by (also Note 4) and leased to and managed by the Company.

(2)

On August 12, 2019, the Company and Great Basin Resources, Inc. (“Great Basin”) agreed to amend the Longstreet Agreement (Note 4) to eliminate the required property expenditure structure and to implement new consideration for the transfer of the Property pursuant to that agreement (the “2019 Amendment”). The Amendment eliminated the remainder of the required property expenditures set forth in the Longstreet Agreement, as amended.

(3)

On September 10, 2020, the Company accelerated the payment to Great Basin Resources, Inc. in consideration of a recorded quit claim deed on the Longstreet property claims. The Company owns 137 claims (exclusive of 5 Clifford claims) and has no required spend other than annual claims filing fees.

(4)

The Company shall pay Clifford a 2% net smelter royalty on net smelter returns which is inclusive of the overall 3% net smelter royalty for the properties.

Compliance with Government Regulations

Continuing to acquire and explore mineral properties in the State of Nevada will require the Company to comply with all regulations, rules and directives of governmental authorities and agencies applicable to the exploration of minerals in the State of Nevada and the United States Federal agencies.

United States

Mining in the State of Nevada is subject to federal, state and local law. Three types of laws are of particular importance to the Company’s U.S. mineral properties: those affecting land ownership and mining rights; those regulating mining operations; and those dealing with the environment.

Land Ownership and Mining Rights.

On Federal Lands, mining rights are governed by the General Mining Law of 1872 (General Mining Law) as amended, 30 U.S.C. §§ 21-161 (various sections), which allows the location of mining claims on certain Federal Lands upon the discovery of a valuable mineral deposit and proper compliance with claim location requirements. A valid mining claim provides the holder with the right to conduct mining operations for the removal of locatable minerals, subject to compliance with the General Mining Law and Nevada state law governing the staking and registration of mining claims, as well as compliance with various federal, state and local operating and environmental laws, regulations and ordinances. As the owner or lessee of the unpatented mining claims, the Company has the right to conduct mining operations on the lands subject to the prior procurement of required operating permits and approvals, compliance with the terms and conditions of any applicable mining lease, and compliance with applicable federal, state, and local laws, regulations and ordinances.

Mining Operations

The exploration of mining properties and development and operation of mines is governed by both federal and state laws.

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The State of Nevada likewise requires various permits and approvals before mining operations can begin, although the state and federal regulatory agencies usually cooperate to minimize duplication of permitting efforts. Among other things, a detailed reclamation plan must be prepared and approved, with bonding in the amount of projected reclamation costs. The bond is used to ensure that proper reclamation takes place, and the bond will not be released until that time. The Nevada Department of Environmental Protection, which is referred to as the NDEP, is the state agency that administers the reclamation permits, mine permits and related closure plans on the Nevada property. Local jurisdictions (such as Eureka County) may also impose permitting requirements (such as conditional use permits or zoning approvals).

Environmental Law

The development, operation, closure, and reclamation of mining projects in the United States requires numerous notifications, permits, authorizations, and public agency decisions. Compliance with environmental and related laws and regulations requires us to obtain permits issued by regulatory agencies, and to file various reports and keep records of the Company’s operations. Certain of these permits require periodic renewal or review of their conditions and may be subject to a public review process during which opposition to the Company’s proposed operations may be encountered. The Company is currently operating under various permits for activities connected to mineral exploration, reclamation, and environmental considerations. Unless and until a mineral resource is proved, it is unlikely Star Gold Corp. operations will move beyond the pre-development stage. If in the future the Company decides to proceed beyond exploration, there will be numerous notifications, permit applications, and other decisions to be addressed at that time.

Competition

Star Gold Corp. competes with other mineral resource exploration and development companies for financing and for the acquisition of new mineral properties and for equipment and labor related to exploration and development of mineral properties. Many of the mineral resource exploration and development companies with whom the Company competes have greater financial and technical resources. Accordingly, competitors may be able to spend greater amounts on acquisitions of mineral properties of merit, on exploration of their mineral properties and on development of their mineral properties. In addition, they may be able to afford greater geological expertise in the targeting and exploration of mineral properties. This competition could result in competitors having mineral properties of greater quality and interest to prospective investors who may finance additional exploration and development. This competition could adversely impact Star Gold Corp.’s ability to finance further exploration and to achieve the financing necessary for the Company to develop its mineral properties.

The Company provides no assurance it will be able to compete in any of its business areas effectively with current or future competitors or that the competitive pressures faced by the Company will not have a material adverse effect on the business, financial condition and operating results.

Office and Other Facilities

Star Gold Corp. currently maintains its administrative offices at 1875 N. Lakewood Drive, Suite 303, Coeur d’Alene, ID 83814. The telephone number is (208) 664-5066. Star Gold Corp. does not currently own title to any real property.

Employees

The Company has no employees as of the date of this Quarterly Report on Form 10-Q. Star Gold Corp. conducts business largely through independent contractor agreements with consultants.

Research and Development Expenditures

The Company has not incurred any research expenditures since incorporation.

Reports to Security Holders

The Registrant does not issue annual or quarterly reports to security holders other than the annual Form 10-K and quarterly Forms 10-Q as electronically filed with the SEC. Electronically filed reports may be accessed at www.sec.gov.

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SELECTED FINANCIAL DATA.

	Six months ended
	October 31, 2024			October 31, 2023
Revenues	$	-		$	-
Total operating expenses		122,856			130,720
Loss from operations		(122,856	)		(130,720	)
Other income (expense)		(26,042	)		(19,558	)
NET LOSS	$	(148,898	)	$	(150,278	)

Weighted average shares of common stock (basic and diluted)		97,290,810			97,290,810

Income (loss) per share (basic and diluted)	Nil			Nil

BALANCE SHEET INFORMATION

	October 31, 2024			April 30, 2024
Working capital (deficit)	$	(301,334	)	$	(249,436	)
Total assets		699,251			686,541
Accumulated deficit		13,006,437			12,857,539
Stockholders’ equity		(206,267	)		(57,369	)

PLAN OF OPERATION

The Company maintains a corporate office in Coeur d’Alene, Idaho. This is the primary administrative office for the Company and is utilized by Board Chairman Lindsay Gorrill and Chief Financial Officer Kelly Stopher.

The drilling permit granted from the Bureau of Land Management (“BLM”) in September 2019 expired in December 2022. The permit allowed the Company to commence drilling mainly for the Hydrology Study but also enabling drilling of other holes on the Main knob for geochemical analysis. A bond has been obtained and there are no impediments to drilling other than capital constraints. The Company will apply for an extension of the permit.

For the fiscal year ending April 30, 2025, the Company plans to commence the following activities as it prepares to draft its Environmental Impact Statement (“EIS”) on the Longstreet Project:

Hydrology Drilling – 2 to 4 holes expected to be sufficient:

Geochemical analysis – design of program for submission to State of Nevada involves some core drilling;

Plan of Operations Development (Mine Plan, Civil Engineering Design)

Assuming the results of the above-referenced activities are favorable, the Company intends to proceed to the preparation of an EIS and plan of operation for the Longstreet project (the “Longstreet Plan”). The eventual objective of the EIS and Longstreet Plan is the issuance, by each respective governing agency, of the necessary mine permits to authorize the construction of, and ongoing operations at, an open pit/heap leach mine at the Longstreet Property.

Approval of the Longstreet Plan is subject to governmental agency review and may require additional remediation activities.

Management believes it can source additional capital in the investment markets in the coming months and years. The Company may also consider other sources of funding, including potential mergers, sale of property, joint ventures and/or farm-out a portion of its exploration properties.

Future liquidity and capital requirements depend on many factors including timing, cost and progress of the Company’s exploration efforts. The Company will consider additional public offerings, private placement, mergers or debt instruments.

Additional financing will be required in the future to complete all necessary steps to apply for a final permit. Although the Company believes it will be able to source additional financing there are no guarantees any needed financing will be available at the time needed or on acceptable terms, if at all. If the Company is unable to raise additional financing when necessary, it may have to delay exploration efforts or property acquisitions or be forced to cease operations. Collaborative arrangements may require the Company to relinquish rights to certain of its mining claims.

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Additional financing will be required in the future to complete all necessary steps to apply for a final permit. Although the Company believes it will be able to source additional financing there are no guarantees any needed financing will be available at the time needed or on acceptable terms, if at all. If the Company is unable to raise additional financing, when necessary, it may have to delay exploration efforts or property acquisitions or be forced to cease operations. Collaborative arrangements may require the Company to relinquish rights to certain of its mining claims.

RESULTS OF OPERATIONS

	For the three months ended
	October 31, 2024		October 31, 2023			$ Change			Pct. Change

Mineral exploration expense	$	-	$	-		$	-			N/A
Pre-development expense		-		1,438		$	(1,438	)		(100.0	)%
Legal and professional fees		16,632		28,505			(11,873	)		(41.7	)%
Management and administrative		18,916		20,096			(1,180	)		(5.9	)%
Interest expense		403		401			2			0.5	%
Interest expense, related party		13,510		10,885			2,625			24.1	%
Interest (income)		-		(1	)		1			(100.0	)%
Total	$	49,461	$	61,324		$	(11,863	)		(19.3	)%

	For the six months ended
	October 31, 2024		October 31, 2023			$ Change			Pct. Change

Mineral exploration expense	$	33,389	$	25,896		$	7,493			28.9	%
Pre-development expense		-		10,480			(10,480	)		(100.0	)%
Legal and professional fees		51,297		53,917			(2,620	)		(4.9	)%
Management and administrative		38,170		40,427			(2,257	)		(5.6	)%
Interest expense		403		803			(400	)		(49.8	)%
Interest expense, related party		25,639		18,758			6,881			36.7	%
Interest (income)		-		(3	)		3			(100.0	)%
Total	$	148,898	$	150,278		$	(1,380	)		(0.9	)%

The Company earned no operating revenue in 2024 or 2023 and does not anticipate earning any operating revenues in the near future. Star Gold Corp. is an exploration stage company and presently is seeking other natural resources related business opportunities.

The Company will continue to focus its capital and resources toward permitting activities at its Longstreet Property.

Total net loss for the three months ended October 31, 2024 of $ 49,461 decreased by $11,863 from the total 2023 net loss of $ 61,324.

Total net loss for the six months ended October 31, 2024 of $148,898 decreased by $1,380 from the total 2023 net loss of $150,278.

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Mineral exploration expense

	For the six months ended
	October 31, 2024		October 31, 2023		$ Change		Pct. Change
Claims		33,389		25,896		7,493		28.9	%
Total mineral exploration expense	$	33,389	$	25,896	$	7,493		28.9	%

Mineral exploration expense for the six months ended October 31, 2024 of $33,389 increased $7,493 from 2023 mineral exploration expense of $25,896. Aside from annual claims payments, there was no additional mineral exploration expense for the six months ended October 31, 2024 and 2023, respectively. There were no exploration expenses for the three months ended October 31, 2024 and 2023.

Pre-development expense

	For the three months ended
	October 31, 2024		October 31, 2023		$ Change			Pct. Change
Field expense	$	-	$	-	$	-			N/A
Permits and fees	$	-	$	-		-			N/A
Water rights costs		-		1,438		(1,438	)		(100.0	)%
Total pre-development expense	$	-	$	1,438	$	(1,438	)		(100.0	)%

	For the six months ended
	October 31, 2024		October 31, 2023		$ Change			Pct. Change
Field expense	$	-	$	2,441	$	(2,441	)		(100.0	)%
Permits and fees		-		300		(300	)		(100.0	)%
Technical consultants		-		-		-			N/A
Water rights costs		-		7,739		(7,739	)		(100.0	)%
Total pre-development expense	$	-	$	10,480	$	(10,480	)		(100.0	)%

Pre-development expense for the three months ended October 31, 2024 of $Nil decreased from $1,438 pre-development expense of $1,438 .

Pre-development expense for the six months ended October 31, 2024 of $Nil decreased $10,480 from2023 pre-development expense of $10,480.

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Legal and professional fees

	For the three months ended
	October 31, 2024		October 31, 2023		$ Change			Pct. Change
Audit and accounting	$	3,500	$	21,306	$	(17,806	)		(83.6	)%
Legal fees		81		2,491		(2,410	)		(96.7	)%
Public company expense		13,051		4,630		8,421			181.9	%
Investor relations		-		78		(78	)		(100.0	)%
Total legal and professional fees	$	16,632	$	28,505	$	(11,873	)		(41.7	)%

	For the six months ended
	October 31, 2024		October 31, 2023		$ Change			Pct. Change
Audit and accounting	$	27,590	$	24,330	$	3,260			13.4	%
Legal fees		6,203		5,426		777			14.3	%
Public company expense		17,426		24,005		(6,579	)		(27.4	)%
Investor relations		78		156		(78	)		(50.0	)%
Total legal and professional fees	$	51,297	$	53,917	$	(2,620	)		(4.9	)%

There are no pending legal issues or contingencies as of October 31, 2024.

Legal and professional fees of $16,632for the three months ended October 31, 2024 decreased by $11,873 compared to the three months ended October 31, 2023 expense of $28,505. The decrease is primarily related to timing of audit expense in 2023.

Legal and professional fees of $51,297 for the six months ended October 31, 2024 decreased by $2,620 compared to the six months ended October 31, 2023 expense of $53,917. The decrease is primarily related to timing of public company expense incurred in 2024.

Management and administrative expense

	For the three months ended
	October 31, 2024		October 31, 2023		$ Change			Pct. Change
General administrative and insurance	$	11,148	$	12,201	$	(1,053	)		(8.6	)%
Management fees and payroll		7,500		7,500		-			0.0	%
Office and computer expense		173		300		(127	)		(42.3	)%
Telephone and utilities		95		95		-			0.0	%
Total	$	18,916	$	20,096	$	(1,180	)		(5.9	)%

	For the six months ended
	October 31, 2024		October 31, 2023		$ Change			Pct. Change
General administrative and insurance		22,276		24,401		(2,125	)		(8.7	)%
Management fees and payroll		15,000		15,000		-			0.0	%
Office and computer expense		703		836		(133	)		(15.9	)%
Telephone and utilities		191		190		1			0.5	%
Total	$	38,170	$	40,427	$	(2,257	)		(5.6	)%

Management fees were accrued during the three- and nine-months ended October 31, 2024 and 2024, but not paid.

Total management and administrative expense decreased by$1,180 for the three months ended October 31, 2024 to $18,916 compared to $20,096 for the three months ended October 31, 2023. The change is primarily related to a decrease in general and administrative costs related to insurance.

Total management and administrative expense decreased by $2,257 for the six months ended October 31, 2024 to $38,170 compared to $40,427 for the six months ended October 31, 2023. The change is primarily related to a decrease in general and administrative costs related to insurance.

Page 19 of 24

Table of Contents

LIQUIDITY AND FINANCIAL CONDITION

WORKING CAPITAL

	October 31, 2024			April 30, 2024
Current assets	$	7,684		$	6,974
Current liabilities		309,018			256,410
Working capital	$	(301,334	)	$	(249,436	)

CASH FLOWS

	Six months ended
	October 31, 2024			October 31, 2023
Cash flow used by operating activities	$	(95,346	)	$	(110,549	)
Cash flow used by investing activities		(12,000	)		(12,000	)
Cash flow provided by financing activities		109,000			160,000
Net increase in cash during period	$	1,654		$	37,451

As of October 31, 2024, the Company had cash on hand of $6,822. Since inception, the sole source of financing has been sales of the Company’s debt and equity securities. Star Gold Corp. has not attained profitable operations and its ability to pursue any future plan of operation is dependent upon our ability to obtain financing.

Star Gold Corp. anticipates continuing to rely on sales of its debt and/or equity securities to continue to fund ongoing operations. Issuances of additional shares of common stock may result in dilution to the Company’s existing stockholders. There is no assurance that the Company will be able to complete any additional sales of equity securities or that it will be able arrange for other financing to fund its planned business activities.

The Company’s continuation as a going concern is dependent upon its ability to generate sufficient cash flow to meet its obligations on a timely basis, to obtain additional financing as may be required, or ultimately to attain profitability. Potential sources of cash, or relief of demand for cash, include additional external debt, the sale of shares of the Company’s common stock or alternative methods such as mergers or sale of the Company’s assets. No assurances can be given, however, that the Company will be able to obtain any of these potential sources of cash. The Company currently requires additional cash funding from outside sources to sustain existing operations and to meet current obligations and ongoing capital requirements.

The Company plans for the long-term continuation as a going concern include financing future operations through sales of our equity and/or debt securities and the anticipated profitable exploitation of the Company’s mining properties. These plans may also, at some future point, include the formation of mining joint ventures with senior mining company partners on specific mineral properties whereby the joint venture partner would provide the necessary financing in return for equity in the property.

OFF-BALANCE SHEET ARRANGEMENTS

The Company has no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to its stockholders.

ITEM 3.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

The Company does not hold any derivative instruments and does not engage in any hedging activities.

Page 20 of 24

Table of Contents

ITEM 4.

CONTROLS AND PROCEDURES

Conclusions of Management Regarding Effectiveness of Disclosure Controls and Procedures

At the end of the period covered by this Quarterly Report on Form 10-Q, an evaluation was carried out under the supervision and with the participation of the Company’s management, including the President and Principal Executive Officer (“PEO”) and Principal Financial Officer (“PFO”), of the effectiveness of the design and operations of the Company’s disclosure controls and procedures (as defined in Rule 13a – 15(e) and Rule 15d – 15(e) under the Exchange Act). Based on that evaluation, the PEO and the PFO have concluded that as of the end of the period covered by this report, the Company’s disclosure controls and procedures were not effective as it was determined that there were material weaknesses affecting our disclosure controls and procedures.

Management of the Company believes that these material weaknesses are due to the small size of the Company’s accounting staff. The small size of the Company’s accounting staff may prevent adequate controls in the future, such as segregation of duties, due to the cost/benefit of such remediation. To mitigate the current limited resources and limited employees, we rely heavily on direct management oversight of transactions, along with the use of external legal and accounting professionals. As the Company grows, management expects to increase the number of employees, which will enable us to implement adequate segregation of duties within the internal control framework.

PEO and PFO Certifications

Appearing immediately following the Signatures section of this report there are Certifications of the PEO and the PFO. The Certifications are required in accordance with Section 03 of the Sarbanes-Oxley Act of 2002 (the Section 302 Certifications). The Items of this report which you are currently reading is the information concerning the Evaluation referred to in Section 302 Certifications and this information should be read in conjunction with Section 302 Certifications for a more complete understanding of the topics presented.

Changes in Internal Control over Financial Reporting

There have been no changes during the quarter ended October 31, 2024 in the Company’s internal controls over financial reporting that have materially affected, or are reasonably likely to materially affect, internal controls over financial reporting.

PART II - OTHER INFORMATION

ITEM 1.

LEGAL PROCEEDINGS.

Star Gold Corp. is not a party to any material legal proceedings, and, to Management’s knowledge, no such proceedings are threatened or contemplated. No director, officer or affiliate of Star Gold Corp. and no owner of record or beneficial owner of more than 5% of the Company’s securities or any associate of any such director, officer or security holder is a party adverse to Star Gold Corp. or has a material interest adverse to Star Gold Corp. in reference to pending litigation.

ITEM 1A.

RISK FACTORS.

There have been no material changes from the risk factors as previously disclosed in the Company’s Form 10-K for the year ended April 30, 2024 which was filed with the SEC on August 13, 2024.

ITEM 2.

RECENT SALES OF UNREGISTERED SECURITIES.

For the three months ended October 31, 2024, the Company sold no common stock.

During the three months ended October 31, 2024, neither the Company nor any “affiliated purchaser” (as defined in Rule 10b-18(a)(3) under the Exchange Act) purchased any shares of our common stock, the only class of the Company’s equity securities registered pursuant to section 12 of the Exchange Act at the date of this filing.

ITEM 3.

DEFAULTS UPON SENIOR SECURITIES.

None

ITEM 4.

MINE SAFETY DISCOSURES.

Pursuant to Section 1503(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (the “Dodd-Frank Act”), issuers that are operators, or that have a subsidiary that is an operator, of a coal or other mine in the United States are required to disclose in their periodic reports filed with the SEC information regarding specified health and safety violations, orders and citations, related assessments and legal actions, and mining-related fatalities. The Company is in the exploration stage and has no operations.

ITEM 5.

OTHER INFORMATION.

None

Page 21 of 24

Table of Contents

ITEM 6.

EXHIBITS.

Exhibit
Number	Description of Exhibits

3.1	Articles of Incorporation.⁽¹⁾

3.2	Bylaws, as amended.⁽¹⁾

4.1	Form of Share Certificate.⁽¹⁾

10.1	Purchase Agreement dated June 22, 2004 between Guy R. Delorme and Star Gold Corp.⁽¹⁾

10.2	Declaration of Trust executed by Guy R. Delorme.⁽¹⁾

10.3	Property Option Agreement dated January 15, 2010 between Minquest, Inc., and Star Gold Corp.⁽³⁾

10.4	Amendment to Longstreet Property Option Agreement dated December 10, 2014 between Minquest, Inc. and Star Gold Corp.⁽³⁾

10.5	Amendment to Longstreet Property Option Agreement dated January 5, 2016 between Minquest, Inc. and Star Gold Corp.⁽³⁾

10.6	Option and Lease of Water Rights Agreement dated January 19, 2017 between Stone Cabin Company, LLC and Star Gold Corp.⁽³⁾

10.7	Option and Lease of Water Rights Agreement dated August 21, 2017 between High Test Hay, LLC and Star Gold Corp.⁽⁴⁾

10.8	2019 Amendment to Longstreet Property Option Agreement⁽⁵⁾

14.1	Code of Ethics.⁽²⁾

99.1	Shareholder Letter January 23, 2017⁽⁷⁾

99.2	Shareholder Letter March 20, 2018⁽⁸⁾

99.3	Longstreet Property Press Release August 14, 2019⁽⁵⁾

99.4	Shareholder Letter September 10, 2019⁽⁹⁾

Page 22 of 24

Table of Contents

31.1	Certification of Principal Executive Officer as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

31.2	Certification of Principal Financial Officer as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32.1	Certification of Principal Executive Officer as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

32.2	Certification of Principal Financial Officer as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

101.INS*	Inline XBRL Instance Document – the instance document does not appear in the Interactive Data File because XBRL tags are embedded within the Inline XBRL document.

101.SCH*	Inline XBRL Taxonomy Extension Schema Document

101.CAL*	Inline XBRL Taxonomy Extension Calculation Linkbase Document

101.DEF*	Inline XBRL Taxonomy Extension Definition Linkbase Document

101.LAB*	Inline XBRL Taxonomy Extension Label Linkbase Document

101.PRE*	Inline XBRL Taxonomy Extension Presentation Linkbase Document

104*	Cover Page Interactive Data File (embedded within the Inline XBRL document)

(1)	Filed with the SEC as an exhibit to the Company’s Registration Statement on Form SB-2 originally filed on June 14, 2007, as amended.
(2)	Filed with the SEC on February 02, 2012 as an exhibit to Form 8-K.

(3)	Filed with the SEC, on July 22, 2019, as an exhibit to Form 10-K.
(4)	Filed with the SEC, on August 25, 2017, as an exhibit to Form 8-K.
(5)	Filed with the SEC, on August 14, 2019, as an exhibit to Form 8-K.
(6)	Filed with the SEC, on May 6, 2021, as an exhibit to Form 8-K.
(7)	Filed with the SEC, on January 25, 2017, as an exhibit to Form 8-K.
(8)	Filed with the SEC, on March 21, 2018, as an exhibit to Form 8-K.
(9)	Filed with the SEC, on September 11, 2019, as an exhibit to Form 8-K.
(*)	XBRL Information is furnished and not filed or a part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended and otherwise is not subject to liability under these sections.

Page 23 of 24

Table of Contents

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

			STAR GOLD CORP.


Date:	January 30, 2025	By:	/s/ *DAVID SEGELOV*
			President
			(Principal Executive Officer)

Date:	January 30, 2025		/s/ *KELLY J. STOPHER*
		By:	Kelly J. Stopher
			Chief Financial Officer and Secretary
			(Principal Financial Officer)

Page 24 of 24

Exhibit 31.1

CERTIFICATION

PURSUANT TO SECTION 302 OF

THE SARBANES-OXLY ACT OF 2002

Rule 13a-14(a)/15d-14(a) Certifications.

I, David Segelov, certify that:

I have reviewed this quarterly report on Form 10-Q of Star Gold Corp.;

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the small business issuer as of, and for, the periods presented in this report;

The small business issuer’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f) of the registrant, and have:

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the small business issuer, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

Evaluated the effectiveness of the small business issuer’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation and;

Disclosed in this report any change in the small business issuer’s internal control over financial reporting that occurred during the small business issuer’s most recent fiscal quarter (the small business issuer’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the small business issuer’s internal control over financial reporting.

The small business issuer’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the small business issuer’s auditors and the audit committee of the small business issuer’s board of directors (or persons performing the equivalent functions):

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the small business issuer’s ability to record, process, summarize and report financial information; and

Any fraud, whether or not material, that involves management or other employees who have a significant role in the small business issuer ’s internal control over financial reporting.

Date: January 30, 2025

/s/ David Segelov

David Segelov

President and Principal Executive Officer

Exhibit 31.2

Certification of Principal Accounting Officer

Pursuant to Section 302 of Sarbanes-Oxley Act

I, Kelly J. Stopher, certify that:

I have reviewed this quarterly report on Form 10-Q of Star Gold Corp.;

Any fraud, whether or not material, that involves management or other employees who have a significant role in the small business issuer ’s internal control over financial reporting.

Date: January 30, 2025

/s/ KELLY J. STOPHER

Kelly J. Stopher

Principal Accounting Officer

Exhibit 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Star Gold Corp. a Nevada corporation (the “Company”) on Form 10-Q for the period ending October 31, 2024, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), David Segelov, Principal Executive Officer of the Company, certifies to the best of his knowledge, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:

The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

A signed original of this written statement required by Section 906 has been provided to Star Gold Corp. and will be retained by Star Gold Corp. and furnished to the Securities and Exchange Commission or its staff upon request.

/s/ David Segelov

David Segelov

President & Principal Executive Officer
January 30, 2025

Exhibit 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Star Gold Corp. a Nevada corporation (the “Company”) on Form 10-Q for the period ending October 31, 2024, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), Kelly J. Stopher, Principal Accounting Officer of the Company, certifies to the best of his knowledge, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:

The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

/s/ Kelly J. Stopher

Kelly J. Stopher

Principal Accounting Officer

January 30, 2025

Document And Entity Information - shares	6 Months Ended
Document And Entity Information - shares	Oct. 31, 2024	Jan. 27, 2025
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	Q2
Document Fiscal Year Focus	2025
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Oct. 31, 2024
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 Sheets (Unaudited) - USD ($)	Oct. 31, 2024	Apr. 30, 2024
CURRENT ASSETS:
Cash and cash equivalents	$ 6,822	$ 5,168
Other current assets	862	1,806
TOTAL CURRENT ASSETS	7,684	6,974
MINING INTEREST (NOTE 4)	602,167	590,167
RECLAMATION BOND (NOTE 4)	89,400	89,400
TOTAL ASSETS	699,251	686,541
CURRENT LIABILITIES:
Accounts payable and accrued liabilities	66,428	39,458
Current portion, long-term debt (NOTE 5)	150,000	150,000
TOTAL CURRENT LIABILITIES	309,018	256,410
LONG TERM LIABILITIES:
TOTAL LIABILITIES	905,518	743,910
COMMITMENTS AND CONTINGENCIES (NOTE 4 and 5)
STOCKHOLDERS’ EQUITY (DEFICIT)
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	(13,006,437)	(12,857,539)
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT)	(206,267)	(57,369)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)	699,251	686,541
Related Party [Member]
CURRENT LIABILITIES:
Accrued interest, related parties	92,590	66,952
LONG TERM LIABILITIES:
PROMISSORY NOTE, RELATED PARTY (NOTE 5)	119,000	50,000
CONVERTIBLE PROMISSORY NOTES, RELATED PARTIES (NOTE 5)	$ 477,500	$ 437,500

Condensed Interim Balance Sheets (Unaudited) (Parentheticals) - $ / shares	Oct. 31, 2024	Apr. 30, 2024
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 Operations (Unaudited) - USD ($) $ / shares in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
OPERATING EXPENSE
Mineral exploration expense	$ 0	$ 0	$ 33,389	$ 25,896
Pre-development expense	0	1,438	0	10,480
Legal and professional fees	16,632	28,505	51,297	53,917
Management and administrative	18,916	20,096	38,170	40,427
TOTAL OPERATING EXPENSES	35,548	50,039	122,856	130,720
LOSS FROM OPERATIONS	(35,548)	(50,039)	(122,856)	(130,720)
OTHER INCOME (EXPENSE)
Interest income	0	1	0	3
TOTAL OTHER INCOME (EXPENSE)	(13,913)	(11,285)	(26,042)	(19,558)
NET LOSS BEFORE INCOME TAXES	(49,461)	(61,324)	(148,898)	(150,278)
Provision for income taxes	0	0	0	0
NET LOSS	$ (49,461)	$ (61,324)	$ (148,898)	$ (150,278)
Basic and diluted loss per share (in dollars per share)	$ 0	$ 0	$ 0	$ 0
Basic and diluted weighted average number shares outstanding (in shares)	97,290,810	97,290,810	97,290,810	97,290,810
Nonrelated Party [Member]
OTHER INCOME (EXPENSE)
Interest expense	$ (403)	$ (401)	$ (403)	$ (803)
Related Party [Member]
OTHER INCOME (EXPENSE)
Interest expense	$ (13,510)	$ (10,885)	$ (25,639)	$ (18,758)

Condensed Interim Statements of Changes in Stockholders' Equity (Deficit) (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
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
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				(150,278)
Balance (in shares) at Oct. 31, 2023	97,290,810
Balance at Oct. 31, 2023	$ 97,291	12,702,879	(12,770,106)	30,064
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
Net loss	$ 0	0	(61,324)	(61,324)
Balance (in shares) at Oct. 31, 2023	97,290,810
Balance at Oct. 31, 2023	$ 97,291	12,702,879	(12,770,106)	30,064
Balance (in shares) at Apr. 30, 2024	97,290,810
Balance at Apr. 30, 2024	$ 97,291	12,702,879	(12,857,539)	(57,369)
Net loss	$ 0	0	(99,437)	(99,437)
Balance (in shares) at Jul. 31, 2024	97,290,810
Balance at Jul. 31, 2024	$ 97,291	12,702,879	(12,956,976)	(156,806)
Balance (in shares) at Apr. 30, 2024	97,290,810
Balance at Apr. 30, 2024	$ 97,291	12,702,879	(12,857,539)	(57,369)
Net loss				(148,898)
Balance (in shares) at Oct. 31, 2024	97,290,810
Balance at Oct. 31, 2024	$ 97,291	12,702,879	(13,006,437)	(206,267)
Balance (in shares) at Jul. 31, 2024	97,290,810
Balance at Jul. 31, 2024	$ 97,291	12,702,879	(12,956,976)	(156,806)
Net loss	$ 0	0	(49,461)	(49,461)
Balance (in shares) at Oct. 31, 2024	97,290,810
Balance at Oct. 31, 2024	$ 97,291	$ 12,702,879	$ (13,006,437)	$ (206,267)

Condensed Interim Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Oct. 31, 2024	Oct. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (148,898)	$ (150,278)
Changes in assets and liabilities:
Other current assets	944	9,585
Accounts payable and accrued liabilities	26,970	11,386
Accrued interest, related parties	25,638	18,758
Net cash used by operating activities	(95,346)	(110,549)
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 party	69,000	55,000
Proceeds from convertible notes payable, related parties	40,000	105,000
Net cash provided by financing activities	109,000	160,000
Net increase in cash and cash equivalents	1,654	37,451
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	5,168	33,505
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$ 6,822	$ 70,956

Note 1 - Nature of Operations

6 Months Ended

Oct. 31, 2024

Notes to Financial Statements

Nature of Operations [Text Block]

NOTE 1 – NATURE OF OPERATIONS

Note 2 - Significant Accounting Policies

6 Months Ended

Oct. 31, 2024

Notes to Financial Statements

Significant Accounting Policies [Text Block]

NOTE 2 – SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

Going Concern

Financial Instruments

The Company's financial instruments include cash and cash equivalents, reclamation bonds, promissory notes related party and convertible promissory notes, related parties.

New Accounting Pronouncements

Accounting Standards Updates Adopted

Reclassifications

Note 3 - Earnings Per Share

6 Months Ended

Oct. 31, 2024

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE 3 – EARNINGS PER SHARE

The outstanding securities on October 31, 2024 and 2023 that could have a dilutive effect are as follows:

	October 31, 2024		October 31, 2023
Stock options		2,500,000		3,435,000
Convertible promissory notes and accrued interest, related parties		30,653,592		25,399,822
Warrants		2,000,000		2,000,000
Total Possible Dilution		35,153,592		30,834,822

Note 4 - Mining Interest

6 Months Ended

Oct. 31, 2024

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 October 31, 2024 and April 30, 2024.

	October 31, 2024		April 30, 2024
Mining interest - Longstreet		602,167		590,167
Total	$	602,167	$	590,167

Note 5 - Related Party Transactions

6 Months Ended

Oct. 31, 2024

Notes to Financial Statements

NOTE 5– RELATED PARTY TRANSACTIONS

The following is a summary of the Company's Promissory notes, related parties and convertible promissory notes, related parties as of October 31, 2024:

Maturity date	Interest rate			Conversion price per share		Shares (if converted)		Principal amount		Accrued interest		Total
Promissory notes, related party
March 31, 2024		8	%	$	-		-	$	-	$	852	$	852
August 24, 2026		8	%		-		-		15,000		2,135		17,135
August 24, 2026		8	%		-		-		35,000		3,329		38,329
August 5, 2026		8	%		-		-		5,000		95		5,095
August 12, 2026		8	%		-		-		35,000		613		35,613
September 10, 2027		8	%						15,000		168		15,168
October 29, 2027		8	%		-		-		14,000		6		14,006
							-	$	119,000	$	7,198	$	126,198
Convertible promissory notes, related parties
April 30, 2025		5	%	$	0.05		3,438,082	$	150,000	$	21,904	$	171,904
April 14, 2026		8	%		0.02		15,304,438		260,000		46,089		306,089
April 14, 2026		8	%		0.02		2,950,644		52,500		6,513		59,013
October 24, 2026		8	%		0.0206		787,501		15,000		1,223		16,223
October 24, 2026		8	%		0.0206		4,731,853		90,000		7,476		97,476
March 22, 2027		8	%		0.0165		1,277,210		20,000		1,074		21,074
June 26, 2027		8	%		0.0190		2,163,864		40,000		1,113		41,113
							30,653,592	$	627,500	$	85,392	$	712,892

The following is a summary of the Company's Promissory notes, related parties and convertible promissory notes, related parties as of April 30, 2024:

Maturity date	Interest rate			Conversion price per share		Shares (if converted)		Principal amount		Accrued interest		Total
Promissory notes, related party
March 31, 2024		8	%	$	-		-	$	-	$	852	$	852
June 28, 2026		8	%		-		-		15,000		1,328		16,328
August 24, 2026		8	%		-		-		35,000		1,918		36,918
							-	$	50,000	$	4,098	$	54,098
Convertible promissory notes, related parties
April 30, 2025		5	%	$	0.05		3,362,460	$	150,000	$	18,123	$	168,123
April 14, 2026		8	%		0.02		14,780,150		260,000		35,603		295,603
April 14, 2026		8	%		0.02		2,844,800		52,500		4,396		56,896
October 24, 2026		8	%		0.0206		758,155		15,000		618		15,618
October 24, 2026		8	%		0.0206		4,555,680		90,000		3,847		93,847
March 22, 2027		8	%		0.0165		1,228,303		20,000		267		20,267
							27,529,548	$	587,500	$	62,854	$	650,354

Promissory notes, related party

Convertible promissory notes, related parties

Consulting agreements

Note 6 - Warrants

6 Months Ended

Oct. 31, 2024

Notes to Financial Statements

Warrants [Text Block]

NOTE 6 – WARRANTS

No warrants were issued, exercised, expired or forfeited during the three and six months ended October 31, 2024 or 2023.

Note 7 - Stock Options

6 Months Ended

Oct. 31, 2024

Notes to Financial Statements

Share-Based Payment Arrangement [Text Block]

NOTE 7– STOCK OPTIONS

Options issued for mining interest

Options issued under the 2011 Stock Option/Restricted Stock Plan

No options were issued, exercised, expired or forfeited under the Stock Option Plan during the three- and six- months ended October 31, 2024 or 2023.

The following table summarizes additional information about the options under the Company's Stock Option Plan:

Options outstanding and exercisable

Remaining Term

Date of Grant

Shares

(years)

Price

April 30, 2021

2,500,000

1.50

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 October 31, 2024 and April 30, 2024		2,500,000	$	0.06

Weighted

Average

Weighted

Remaining Term

Average Exercise

Options issued for:

Options

(years)

Price

Stock option plan

2,500,000

1.50

0.06

Outstanding and exercisable at October 31, 2024

2,500,000

0.06

Note 8 - Subsequent Events

6 Months Ended

Oct. 31, 2024

Notes to Financial Statements

Subsequent Events [Text Block]

NOTE 8– SUBSEQUENT EVENTS

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Oct. 31, 2024
Insider Trading Arr Line Items
Rule 10b5-1 Arrangement Terminated [Flag]	false
Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false

Significant Accounting Policies (Policies)	6 Months Ended
Significant Accounting Policies (Policies)	Oct. 31, 2024
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, 2024 was derived from audited annual financial statements but does not contain all of the footnote disclosures from the annual financial statements. Operating results for the three- and six- month period ended October 31, 2024 are not necessarily indicative of the results that may be expected for the fiscal year ending April 30, 2025. 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-K for the year ended April 30, 2024 filed with the Securities and Exchange Commission on August 13, 2024. 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 October 31, 2024, the Company has limited financial resources with which to achieve the objectives and obtain profitability and positive cash flows. As shown in the accompanying condensed balance sheet as of October 31, 2024, the Company has an accumulated deficit of $13,006,437. On October 31, 2024, the Company's working capital deficit was $301,334. The lack of sufficient working capital to meet current obligations, continuing losses and ongoing cash used by operating activities raises substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classification of liabilities that might be necessary in the event the Company cannot continue in existence. Achievement of the Company’s objectives will depend on the ability to obtain additional financing, to locate profitable mining properties and generate revenue from current and planned business operations, and control costs. The Company plans to fund its future operations by joint venturing or obtaining additional financing from investors and/or lenders.
Fair Value of Financial Instruments, Policy [Policy Text Block]	Financial Instruments The Company's financial instruments include cash and cash equivalents, reclamation bonds, promissory notes related party and convertible promissory notes, related parties. Cash and cash equivalents, reclamation bonds, promissory notes, related party and convertible promissory notes, related parties are accounted for on a cost basis, which, due to the short maturity of these financial instruments, approximates fair value at October 31, 2024.
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Pronouncements Accounting Standards Updates Adopted In August 2023, the Financial Accounting Standards Board issued Accounting Standards Update (“ASU”) 2023-05, Business Combinations - Joint Venture Formations (Subtopic 805-60): Recognition and Initial Measurement, which clarifies the business combination accounting for joint venture formations. The amendments in the ASU seek to reduce diversity in practice that has resulted from a lack of authoritative guidance regarding the accounting for the formation of joint ventures in separate financial statements. The amendments also seek to clarify the initial measurement of joint venture net assets, including businesses contributed to a joint venture. The guidance is applicable to all entities involved in the formation of a joint venture. The amendments are effective for all joint venture formations with a formation date on or after January 1, 2025. Early adoption and retrospective application of the amendments are permitted. We do not expect adoption of the new guidance to have a material impact on our financial statements and disclosures. In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2023-07 (“ASU 2023-07”), Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, amending reportable segment disclosure requirements to include disclosure of incremental segment information on an annual and interim basis. Among the disclosure enhancements are new disclosures regarding significant segment expenses that are regularly provided to the chief operating decision-maker and included within each reported measure of segment profit or loss, as well as other segment items bridging segment revenue to each reported measure of segment profit or loss. The amendments in ASU 2023-07 are effective for fiscal years beginning after December 15, 2023, and for interim periods within fiscal years beginning after December 15, 2024, and are applied retrospectively. Early adoption is permitted. We are currently evaluating the impact of this update on our financial statements and disclosures. In December 2023, the FASB issued Accounting Standards Update 2023-09 (“ASU 2023-09”), Income Taxes (Topic 740): Improvement to Income Tax Disclosures, amending income tax disclosure requirements for the effective tax rate reconciliation and income taxes paid. The amendments in ASU 2023-09 are effective for fiscal years beginning after December 15, 2024 and are applied prospectively. Early adoption and retrospective application of the amendments are permitted. We are currently evaluating the impact of this update on our financial statements and disclosures. In November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, which requires disclosure about the types of costs and expenses included in certain expense captions presented on the income statement. The new disclosure requirements are effective for the Company's annual periods beginning after December 15, 2026, and interim periods beginning after December 15, 2024, with early adoption permitted, and may be applied either prospectively or retrospectively. The Company is currently evaluating the ASU to determine its impact on our financial statements and disclosures. Accounting standards that have been issued or proposed by the Financial Accounting Standards Board ("FASB") that do not require adoption until a future date are not expected to have a material impact on the 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.
Reclassification, Comparability Adjustment [Policy Text Block]	Reclassifications Certain reclassifications have been made to the April 30, 2024 financial statements in order to conform to the October 31, 2024 financial statement presentation. These reclassifications have no effect on net loss, total assets or accumulated deficit as previously reported.

Note 3 - Earnings Per Share (Tables)

6 Months Ended

Oct. 31, 2024

Notes Tables

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]

	October 31, 2024		October 31, 2023
Stock options		2,500,000		3,435,000
Convertible promissory notes and accrued interest, related parties		30,653,592		25,399,822
Warrants		2,000,000		2,000,000
Total Possible Dilution		35,153,592		30,834,822

Note 4 - Mining Interest (Tables)

6 Months Ended

Oct. 31, 2024

Notes Tables

Property, Plant and Equipment [Table Text Block]

	October 31, 2024		April 30, 2024
Mining interest - Longstreet		602,167		590,167
Total	$	602,167	$	590,167

Note 5 - Related Party Transactions (Tables)

6 Months Ended

Oct. 31, 2024

Notes Tables

Maturity date	Interest rate			Conversion price per share		Shares (if converted)		Principal amount		Accrued interest		Total
Promissory notes, related party
March 31, 2024		8	%	$	-		-	$	-	$	852	$	852
August 24, 2026		8	%		-		-		15,000		2,135		17,135
August 24, 2026		8	%		-		-		35,000		3,329		38,329
August 5, 2026		8	%		-		-		5,000		95		5,095
August 12, 2026		8	%		-		-		35,000		613		35,613
September 10, 2027		8	%						15,000		168		15,168
October 29, 2027		8	%		-		-		14,000		6		14,006
							-	$	119,000	$	7,198	$	126,198
Convertible promissory notes, related parties
April 30, 2025		5	%	$	0.05		3,438,082	$	150,000	$	21,904	$	171,904
April 14, 2026		8	%		0.02		15,304,438		260,000		46,089		306,089
April 14, 2026		8	%		0.02		2,950,644		52,500		6,513		59,013
October 24, 2026		8	%		0.0206		787,501		15,000		1,223		16,223
October 24, 2026		8	%		0.0206		4,731,853		90,000		7,476		97,476
March 22, 2027		8	%		0.0165		1,277,210		20,000		1,074		21,074
June 26, 2027		8	%		0.0190		2,163,864		40,000		1,113		41,113
							30,653,592	$	627,500	$	85,392	$	712,892

Maturity date	Interest rate			Conversion price per share		Shares (if converted)		Principal amount		Accrued interest		Total
Promissory notes, related party
March 31, 2024		8	%	$	-		-	$	-	$	852	$	852
June 28, 2026		8	%		-		-		15,000		1,328		16,328
August 24, 2026		8	%		-		-		35,000		1,918		36,918
							-	$	50,000	$	4,098	$	54,098
Convertible promissory notes, related parties
April 30, 2025		5	%	$	0.05		3,362,460	$	150,000	$	18,123	$	168,123
April 14, 2026		8	%		0.02		14,780,150		260,000		35,603		295,603
April 14, 2026		8	%		0.02		2,844,800		52,500		4,396		56,896
October 24, 2026		8	%		0.0206		758,155		15,000		618		15,618
October 24, 2026		8	%		0.0206		4,555,680		90,000		3,847		93,847
March 22, 2027		8	%		0.0165		1,228,303		20,000		267		20,267
							27,529,548	$	587,500	$	62,854	$	650,354

Note 7 - Stock Options (Tables)

6 Months Ended

Oct. 31, 2024

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

1.50

0.06

Weighted

Average

Weighted

Remaining Term

Average Exercise

Options issued for:

Options

(years)

Price

Stock option plan

2,500,000

1.50

0.06

Outstanding and exercisable at October 31, 2024

2,500,000

0.06

Schedule of Stock Options Roll Forward [Table Text Block]

			Weighted Average
	All options		Exercise Price
Balance outstanding at October 31, 2024 and April 30, 2024		2,500,000	$	0.06

Note 2 - Significant Accounting Policies (Details Textual) - USD ($)	Oct. 31, 2024	Apr. 30, 2024
Retained Earnings (Accumulated Deficit)	$ (13,006,437)	$ (12,857,539)
Working Capital	$ (301,334)

Note 3 - Earnings Per Share - Schedule of Antidilutive Securities (Details) - shares	6 Months Ended
	Oct. 31, 2024	Oct. 31, 2023
Total Possible Dilution (in shares)	35,153,592	30,834,822
Share-Based Payment Arrangement, Option [Member]
Total Possible Dilution (in shares)	2,500,000	3,435,000
Convertible Debt Securities [Member]
Total Possible Dilution (in shares)	30,653,592	25,399,822
Warrant [Member]
Total Possible Dilution (in shares)	2,000,000	2,000,000

Note 4 - Mining Interest (Details Textual) - USD ($)	6 Months Ended
Note 4 - Mining Interest (Details Textual) - USD ($)	Oct. 31, 2024	Oct. 31, 2023	Apr. 30, 2024	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 - Schedule of Mining Interests (Details) - USD ($)	Oct. 31, 2024	Apr. 30, 2024
TOTAL MINING INTEREST	$ 602,167	$ 590,167
Longstreet Property [Member]
TOTAL MINING INTEREST	$ 602,167	$ 590,167

Note 5 - Related Party Transactions (Details Textual)													3 Months Ended		4 Months Ended	6 Months Ended		7 Months Ended	12 Months Ended	19 Months Ended	35 Months Ended
Note 5 - Related Party Transactions (Details Textual)	Oct. 31, 2024 USD ($) $ / shares	Oct. 29, 2024 USD ($)	Sep. 10, 2024 USD ($)	Aug. 12, 2024 USD ($)	Aug. 05, 2024 USD ($)	Jun. 26, 2024 USD ($)	Mar. 22, 2024 USD ($)	Oct. 24, 2023 USD ($)	Aug. 24, 2023 USD ($)	Jun. 28, 2023 USD ($)	Apr. 14, 2023 USD ($)	Nov. 30, 2021 USD ($)	Oct. 31, 2024 USD ($) $ / shares	Oct. 31, 2023 USD ($)	Oct. 31, 2024 USD ($) $ / shares	Oct. 31, 2024 USD ($) $ / shares	Oct. 31, 2023 USD ($)	Oct. 31, 2024 USD ($) $ / shares	Apr. 30, 2024 USD ($)	Oct. 31, 2024 USD ($) $ / shares	Oct. 31, 2024 USD ($) $ / shares
Long-Term Debt, Current Maturities	$ 150,000												$ 150,000		$ 150,000	$ 150,000		$ 150,000	$ 150,000	$ 150,000	$ 150,000
Board of Directors Chairman [Member] \| Notes Payable, Other Payables [Member] \| Promissory Note, June 28, 2023 [Member]
Notes Payable	15,000									$ 20,000			15,000		15,000	15,000		15,000		15,000	15,000
Debt Instrument, Interest Rate, Stated Percentage										8.00%
Debt Instrument, Maturity Date										Aug. 24, 2026
Board of Directors Chairman [Member] \| Notes Payable, Other Payables [Member] \| Promissory Note, August 24, 2023 [Member]
Notes Payable	35,000								$ 35,000				35,000		35,000	35,000		35,000		35,000	35,000
Debt Instrument, Interest Rate, Stated Percentage									8.00%
Debt Instrument, Maturity Date									Aug. 24, 2026
Board of Directors Chairman [Member] \| Notes Payable, Other Payables [Member] \| Promissory Note, August 5, 2024 [Member]
Notes Payable					$ 5,000
Debt Instrument, Interest Rate, Stated Percentage					8.00%
Debt Instrument, Maturity Date					Aug. 05, 2026
Board of Directors Chairman [Member] \| Notes Payable, Other Payables [Member] \| Promissory Note, August 12, 2024 [Member]
Notes Payable				$ 35,000
Debt Instrument, Interest Rate, Stated Percentage				8.00%
Debt Instrument, Maturity Date				Aug. 12, 2027
Board of Directors Chairman [Member] \| Notes Payable, Other Payables [Member] \| Promissory Note, September 10, 2024 [Member]
Notes Payable			$ 15,000
Debt Instrument, Interest Rate, Stated Percentage			8.00%
Debt Instrument, Maturity Date			Sep. 10, 2027
Board of Directors Chairman [Member] \| Notes Payable, Other Payables [Member] \| Promissory Note, October 29, 2024 [Member]
Notes Payable		$ 14,000
Debt Instrument, Interest Rate, Stated Percentage		8.00%
Debt Instrument, Maturity Date		Oct. 29, 2027
Related Party [Member]
Interest Expense, Debt													13,510	$ 10,885		25,639	$ 18,758
Related Party [Member] \| Notes Payable, Other Payables [Member] \| Promissory Note [Member]
Notes Payable	119,000												119,000		119,000	119,000		119,000	50,000	119,000	119,000
Interest Payable	7,198												7,198		7,198	$ 7,198		7,198	$ 4,098	7,198	7,198
Debt Instrument, Convertible, Number of Equity Instruments																0			0
Related Party [Member] \| Convertible Debt [Member]
Interest Payable	$ 85,392												85,392		$ 85,392	$ 85,392		$ 85,392	$ 62,854	$ 85,392	$ 85,392
Interest Expense, Debt													$ 13,510	10,885		$ 25,639	18,758
Related Party [Member] \| Convertible Debt [Member] \| October 24, 2023 Convertible Note [Member]
Debt Instrument, Interest Rate, Stated Percentage								8.00%
Convertible Notes Payable								$ 105,000
Debt Instrument, Convertible, Number of Equity Instruments	5,519,354
Debt Instrument, Periodic Payment								$ 0
Debt Instrument, Convertible, Conversion Price (in dollars per share) \| $ / shares	$ 0.0206												$ 0.0206		$ 0.0206	$ 0.0206		$ 0.0206		$ 0.0206	$ 0.0206
Debt Instrument, Maturity Date								Oct. 24, 2026
Related Party [Member] \| Convertible Debt [Member] \| March 22, 2024 Convertible Note [Member]
Debt Instrument, Interest Rate, Stated Percentage							8.00%
Convertible Notes Payable							$ 20,000
Debt Instrument, Convertible, Number of Equity Instruments																		1,277,210
Debt Instrument, Periodic Payment							$ 0
Debt Instrument, Convertible, Conversion Price (in dollars per share) \| $ / shares	0.0165												0.0165		$ 0.0165	0.0165		$ 0.0165		0.0165	0.0165
Debt Instrument, Maturity Date							Mar. 22, 2027
Related Party [Member] \| Convertible Debt [Member] \| June 26, 2024 Convertible Note [Member]
Debt Instrument, Interest Rate, Stated Percentage						8.00%
Convertible Notes Payable						$ 40,000
Debt Instrument, Convertible, Number of Equity Instruments															2,163,864
Debt Instrument, Periodic Payment						$ 0
Debt Instrument, Convertible, Conversion Price (in dollars per share) \| $ / shares	$ 0.019												$ 0.019		$ 0.019	$ 0.019		$ 0.019		$ 0.019	$ 0.019
Debt Instrument, Maturity Date						Jun. 26, 2027
Certain Officers and Directors [Member] \| Convertible Debt [Member] \| November 30, 2021 Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage												5.00%
Interest Payable	$ 21,904												$ 21,904		$ 21,904	$ 21,904		$ 21,904	18,123	$ 21,904	$ 21,904
Convertible Notes Payable												$ 150,000
Debt Instrument, Convertible, Conversion Ratio												0.05
Long-Term Debt, Current Maturities	$ 150,000												$ 150,000		$ 150,000	$ 150,000		$ 150,000	$ 150,000	$ 150,000	$ 150,000
Debt Instrument, Convertible, Number of Equity Instruments																					3,438,082
Debt Instrument, Maturity Date												Apr. 30, 2025
Certain Officers and Directors [Member] \| Convertible Debt [Member] \| April 14, 2023 Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage											8.00%
Convertible Notes Payable											$ 312,500
Debt Instrument, Convertible, Number of Equity Instruments																				18,255,082
Debt Instrument, Periodic Payment											$ 0
Debt Instrument, Convertible, Conversion Price (in dollars per share) \| $ / shares	$ 0.02												$ 0.02		$ 0.02	$ 0.02		$ 0.02		$ 0.02	$ 0.02
Debt Instrument, Maturity Date											Apr. 14, 2026
An Officer, a Director and an Entity Controlled by Two Directors [Member] \| Convertible Debt [Member] \| April 14, 2023 Notes [Member]
Convertible Notes Payable											$ 52,500
Related Party, Controlled by Two Members of the Board [Member] \| Convertible Debt [Member] \| October 24, 2023 Convertible Note [Member]
Convertible Notes Payable								$ 90,000
Officer [Member] \| Convertible Debt [Member] \| October 24, 2023 Convertible Note [Member]
Convertible Notes Payable								$ 15,000
Management [Member] \| Consulting Agreement [Member]
Deferred Compensation Arrangement with Individual, Compensation Expense													$ 7,500	$ 7,500		$ 15,000	$ 15,000

Note 5 - Related Party Transactions - Summary of Notes, Related Parties (Details) - Related Party [Member]	6 Months Ended	12 Months Ended
	Oct. 31, 2024 USD ($) $ / shares	Apr. 30, 2024 USD ($) $ / shares
Notes Payable, Other Payables [Member] \| Promissory Note 1 [Member]
Interest rate	8.00%	8.00%
Conversion price per share (in dollars per share) \| $ / shares	$ 0	$ 0
Debt Instrument, Convertible, Number of Equity Instruments	0	0
Principal amount	$ 0	$ 0
Interest Payable	852	852
Total	$ 852	$ 852
Notes Payable, Other Payables [Member] \| Promissory Note 2 [Member]
Interest rate	8.00%	8.00%
Conversion price per share (in dollars per share) \| $ / shares	$ 0	$ 0
Debt Instrument, Convertible, Number of Equity Instruments	0	0
Principal amount	$ 15,000	$ 15,000
Interest Payable	2,135	1,328
Total	$ 17,135	$ 16,328
Notes Payable, Other Payables [Member] \| Promissory Note 3 [Member]
Interest rate	8.00%	8.00%
Conversion price per share (in dollars per share) \| $ / shares	$ 0	$ 0
Debt Instrument, Convertible, Number of Equity Instruments	0	0
Principal amount	$ 35,000	$ 35,000
Interest Payable	3,329	1,918
Total	$ 38,329	$ 36,918
Notes Payable, Other Payables [Member] \| Promissory Note 4 [Member]
Interest rate	8.00%
Conversion price per share (in dollars per share) \| $ / shares	$ 0
Debt Instrument, Convertible, Number of Equity Instruments	0
Principal amount	$ 5,000
Interest Payable	95
Total	$ 5,095
Notes Payable, Other Payables [Member] \| Promissory Note [Member]
Debt Instrument, Convertible, Number of Equity Instruments	0	0
Principal amount	$ 119,000	$ 50,000
Interest Payable	7,198	4,098
Total	$ 126,198	54,098
Notes Payable, Other Payables [Member] \| Promissory Note 5 [Member]
Interest rate	8.00%
Conversion price per share (in dollars per share) \| $ / shares	$ 0
Debt Instrument, Convertible, Number of Equity Instruments	0
Principal amount	$ 35,000
Interest Payable	613
Total	$ 35,613
Notes Payable, Other Payables [Member] \| Promissory Note 6 [Member]
Interest rate	8.00%
Conversion price per share (in dollars per share) \| $ / shares
Debt Instrument, Convertible, Number of Equity Instruments
Principal amount	$ 15,000
Interest Payable	168
Total	$ 15,168
Notes Payable, Other Payables [Member] \| Promissory Note 7 [Member]
Interest rate	8.00%
Conversion price per share (in dollars per share) \| $ / shares	$ 0
Debt Instrument, Convertible, Number of Equity Instruments	0
Principal amount	$ 14,000
Interest Payable	6
Total	14,006
Convertible Debt [Member]
Interest Payable	$ 85,392	$ 62,854
Convertible Debt [Member] \| Convertible Promissory Note 1 [Member]
Interest rate	5.00%	5.00%
Conversion price per share (in dollars per share) \| $ / shares	$ 0.05	$ 0.05
Debt Instrument, Convertible, Number of Equity Instruments	3,438,082	3,362,460
Principal amount	$ 150,000	$ 150,000
Interest Payable	21,904	18,123
Total	$ 171,904	$ 168,123
Convertible Debt [Member] \| Convertible Promissory Note 2 [Member]
Interest rate	8.00%	8.00%
Conversion price per share (in dollars per share) \| $ / shares	$ 0.02	$ 0.02
Debt Instrument, Convertible, Number of Equity Instruments	15,304,438	14,780,150
Principal amount	$ 260,000	$ 260,000
Interest Payable	46,089	35,603
Total	$ 306,089	$ 295,603
Convertible Debt [Member] \| Convertible Promissory Note 3 [Member]
Interest rate	8.00%	8.00%
Conversion price per share (in dollars per share) \| $ / shares	$ 0.02	$ 0.02
Debt Instrument, Convertible, Number of Equity Instruments	2,950,644	2,844,800
Principal amount	$ 52,500	$ 52,500
Interest Payable	6,513	4,396
Total	$ 59,013	$ 56,896
Convertible Debt [Member] \| Convertible Promissory Note 4 [Member]
Interest rate	8.00%	8.00%
Conversion price per share (in dollars per share) \| $ / shares	$ 0.0206	$ 0.0206
Debt Instrument, Convertible, Number of Equity Instruments	787,501	758,155
Principal amount	$ 15,000	$ 15,000
Interest Payable	1,223	618
Total	$ 16,223	$ 15,618
Convertible Debt [Member] \| Convertible Promissory Note 5 [Member]
Interest rate	8.00%	8.00%
Conversion price per share (in dollars per share) \| $ / shares	$ 0.0206	$ 0.0206
Debt Instrument, Convertible, Number of Equity Instruments	4,731,853	4,555,680
Principal amount	$ 90,000	$ 90,000
Interest Payable	7,476	3,847
Total	$ 97,476	$ 93,847
Convertible Debt [Member] \| Convertible Promissory Note 6 [Member]
Interest rate	8.00%	8.00%
Conversion price per share (in dollars per share) \| $ / shares	$ 0.0165	$ 0.0165
Debt Instrument, Convertible, Number of Equity Instruments	1,277,210	1,228,303
Principal amount	$ 20,000	$ 20,000
Interest Payable	1,074	267
Total	$ 21,074	$ 20,267
Convertible Debt [Member] \| Convertible Promissory Notes [Member]
Debt Instrument, Convertible, Number of Equity Instruments	30,653,592	27,529,548
Principal amount	$ 627,500	$ 587,500
Interest Payable	85,392	62,854
Total	$ 712,892	$ 650,354
Convertible Debt [Member] \| Convertible Promissory Note 7 [Member]
Interest rate	8.00%
Conversion price per share (in dollars per share) \| $ / shares	$ 0.019
Debt Instrument, Convertible, Number of Equity Instruments	2,163,864
Principal amount	$ 40,000
Interest Payable	1,113
Total	$ 41,113

Note 6 - Warrants (Details Textual) - $ / shares		3 Months Ended		6 Months Ended
Note 6 - Warrants (Details Textual) - $ / shares	Oct. 31, 2021	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 30, 2024	Oct. 31, 2023
Class of Warrant or Right, Issued During the Period (in shares)		0	0	0		0
Class of Warrant or Right, Exercised During Period (in shares)		0	0		0	0
Class of Warrant or Right, Forfeitures and Expirations in Period (in shares)		0	0	0		0
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 - Stock Options (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023	Apr. 30, 2024
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number (in shares)	2,500,000		2,500,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value	$ 0		$ 0
Share Price (in dollars per share)	$ 0.0131		$ 0.0131
Mining Interests [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number (in shares)	0		0		935,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Expirations in Period (in shares)	935,000
The 2011 Stock Option Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number (in shares)	2,500,000		2,500,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Expirations in Period (in shares)	0	0		0
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)	0	0		0
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 0		$ 0		$ 0
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term (Year)			1 year 6 months
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Weighted Average Exercise Price (in dollars per share)	$ 0.06		$ 0.06
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period (in shares)	0	0		0
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Forfeitures in Period (in shares)	0	0		0

Note 7 - Stock Options - Additional Option Information (Details)	6 Months Ended
	Oct. 31, 2024 $ / shares shares
Balance outstanding at October 31, 2024 and April 30, 2024 (in shares) \| shares	2,500,000
Balance outstanding at October 31, 2024 and April 30, 2024 (in dollars per share) \| $ / shares	$ 0.06
The 2011 Stock Option Plan [Member]
Balance outstanding at October 31, 2024 and April 30, 2024 (in shares) \| shares	2,500,000
Options outstanding and exercisable, remaining term (Year)	1 year 6 months
Balance outstanding at October 31, 2024 and April 30, 2024 (in dollars per share) \| $ / shares	$ 0.06
The 2011 Stock Option Plan [Member] \| Options Granted April 30, 2021 [Member]
Balance outstanding at October 31, 2024 and April 30, 2024 (in shares) \| shares	2,500,000
Balance outstanding at October 31, 2024 and April 30, 2024 (in dollars per share) \| $ / shares	$ 0.06
The 2011 Stock Option Plan [Member] \| Options Granted on April 30, 2022 [Member]
Options outstanding and exercisable, remaining term (Year)	1 year 6 months

Note 7 - Stock Options - Summary of Options (Details)	Oct. 31, 2024 $ / shares shares
Balance outstanding at October 31, 2024 and April 30, 2024 (in shares) \| shares	2,500,000
Balance outstanding at October 31, 2024 and April 30, 2024 (in dollars per share) \| $ / shares	$ 0.06

Note 8 - Subsequent Events (Details Textual) - Subsequent Event [Member] - Board of Directors Chairman [Member] - USD ($)	Jan. 29, 2025	Jan. 02, 2025	Dec. 04, 2024
Notes Payable, Other Payables [Member] \| Promissory Note, December 4, 2024 [Member]
Notes Payable			$ 3,000
Debt Instrument, Maturity Date			Dec. 04, 2027
Debt Instrument, Interest Rate, Stated Percentage			8.00%
Notes Payable, Other Payables [Member] \| Promissory Note, January 2, 2025 [Member]
Notes Payable		$ 6,000
Debt Instrument, Maturity Date		Jan. 02, 2028
Debt Instrument, Interest Rate, Stated Percentage		8.00%
Promissory Note, January 29, 2025 [Member]
Notes Payable	$ 15,000
Debt Instrument, Maturity Date	Jan. 29, 2028
Debt Instrument, Interest Rate, Stated Percentage	8.00%

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