| Business Summary | | Consolidated
Trillion
Resources,
Ltd.,
during
1999,
had
two
subsidiaries
involved
in
the
production
of
gold,
Jena
Mines
(Private)
Ltd.
and
Pan
Reef
Mining
(Private)
Ltd.
A
third
operating
mine,
the
C
Mine,
was
acquired
in
March
1999.
The
50%
equity
Interest
in
Jena
Mines
was
purchased
in
1991.
The
Company's
share
of
gold
production
decreased
8,250
ounces
in
1998
to
8,113
ounces
in
1999.
Total
gold
production
at
Jena
for
2000
is
projected
11,300
oz.
to
Trillion's
account.
The
Company
has
optioned
several
of
its
exploration
properties
in
Zimbabwe.
Other
properties
in
Mozambique,
Democratic
Republic
of
Congo
and
Botswana
have
been
abandoned
due
to
lack
of
success.
Of
the
properties
currently
under
joint
venture
in
Zimbabwe,
significant
progress
has
been
achieved
on
the
Nglube
diamond
project.
Cratonic,
the
joint
venture
partner,
has
found
several
micro-diamonds
and
plans
are
proceeding
to
install
a
bulk
sample
plant
in
the
new
year. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Consolidated
Trillion
Resources
Ltd.
is
engaged
in
the
exploration
and
development
of
mineral
properties,
the
provision
of
drilling
services
to
mining
companies,
investment
in
mining
companies,
and
the
management
of
a
gold
mine
J.V.,
all
carried
out
in
Africa.
For
the
nine
months
ended
3/31/01,
revenues
fell
94%
to
C$281
thousand.
Net
income
totaled
C$3.8
million
vs.
a
loss
of
C$4.7
million.
Results
reflect
the
sale
of
Ndarama
Mine,
offset
by
a
gain
on
sale
of
assets. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Ron Netolitzky | Chairman
and CEO | Michael Halvorson | VP | John Barclay | Sec.
and Treasurer |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|