| Business Summary | | Madison
Enterprises
Corp.
(Madison)
is
a
Vancouver,
Canada-based
mineral
exploration
company
involved
in
discoveries
of
gold
and
base
metal
deposits
in
Canada,
the
United
States,
and
Central
and
South
America.
Madison
currently
has
exploration
projects
in
Papua
New
Guinea
and
the
Republic
of
Panama.
Madison
owns
a
90%
interest
in
the
Mt.
Kare
gold
exploration
project
in
Papua
New
Guinea.
Madison
has
been
exploring
the
Mt.
Kare
project
since
1996
and
has,
along
with
its
JV
(joint
venture)
partners,
completed
34,600
meters
of
diamond
drilling
in
216
holes.
In
Panama,
Madison
is
earning
a
50%
interest
in
the
Belencillo
Concession
from
Adrian
Resources
Ltd.
The
Belencillo
concession
hosts
the
Palmilla
gold-copper
porphyry
deposit
where
Madison
has
defined
a
geological
resource
of
14
million
tons
grading
1
g/t
gold
and
0.3%
copper,
or
about
400,000
oz.
of
contained
gold. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | MDSEF
is
engaged
in
the
acquisition
and
exploration
of
natural
resource
properties.
MDSEF
operates
through
its
two
wholly-owned
subsidiaries,
Madison
Enterprises
(Latin
America)
S.A.
and
Madison
Enterprises
(BVI)
Inc.
For
the
three
months
ended
1/31/01,
revenues
increased
74%
to
C$64
thousand.
Net
loss
before
U.S.
GAAP
fell
45%
to
C$111
thousand.
Results
reflect
increased
property
revenues
and
interest
income,
partially
offset
by
an
increase
in
rent
expense. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Chet Idziszek | Chairman | David Laudrum | Pres,
Director | James Stewart | Gen.
Counsel, Sec., Director |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|