Financial Statements

TRS.CDNX Consolidated Financial Statements

CONSOLIDATED BALANCE SHEETS AS AT November 30, 2000
(UNAUDITED)
 

November 30, 2000

November 30, 1999

ASSETS

   
Current    

Cash 

$      18,390 $      720

Accounts receivable

1,494 8,827
Marketable securities 2,314 -
  22,198 9,547

Capital assets (Note 3)

1,976 2,325

Note receivable (Note 4)

3,686 6,000

Mineral properties (Notes 5)

210,048 176,943

Deferred exploration costs (Notes 6)

439,270 322,562
  $ 677,178 $ 517,377

LIABILITIES AND SHAREHOLDERS' EQUITY

   

Current

   

Accounts payable and accrued liabilities

$ 137,651 $ 150,456

Due to related parties (Note 9)

30,247 46,000
  167,898 196,456

Shareholders' equity

   

Capital stock (Note 8)

3,972,787 3,824,829
Share subscriptions received (Note 10) 77,800 -

Deficit

(3,541,307) (3,503,908)
  509,280 320,921
  $ 677,178 $ 517,377

Nature of continuance of operations (Note 1)

Contingencies (Note 11)

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

Approved on behalf of the Board:

Laura Lee Duffett - Director

N. Reid Toreson - Director


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