`(X)  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES
     EXCHANGE ACT OF 1934 (FEE REQUIRED) For the quarterly period ended
     September 30, 2001`

`( )  TRANSITION REPORT  PERSUANT TO SECTION 13 or 15 (d) OF THE SECURITIES
     EXCHANGE ACT OF 1934 (NO FEE REQUIRED)
     For the transition period from               to`

`UTAH
(State or other jurisdiction of incorporation)`

`87-0267213
(I.R.S. EMPLOYER ID NO.)`

`455 East 400 South, Suite 40, Salt Lake City, UT   84111
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)`

`Indicate by check mark whether the Issuer (1) has filed all reports
required to be filed by section 13 or 15(d) of the Exchange Act during the
preceeding 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.

(1) Yes [x] No [ ]

(2) Yes [x]  No [ ]

APPLICABLE ONLY TO CORPORATE ISSUERS:
Indicate the number of shares outstanding of each of the issuer's
classes of common equity, as of the latest practicable date

Class Outstanding as of November 30, 2001

Common stock, $0.001 62,640,225

Name of Exchange on which registered

OTCBB: GDEC`

`September 30, 2001, and December 31, 2000
                                              SEP 30          DEC 31
                                              2001            2000
                                              ----------      ------
ASSETS

CURRENT ASSETS
        Cash                                  $       98      $   95
                                              ----------      ------
            Total Current Assets              $       98      $   95
                                              ----------      ------
PATENTED MINING CLAIMS - Note 4                     -           -
                                              ----------      ------
    TOTAL ASSETS                              $       98      $   95
                                              ==========      ======

LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
        Accounts Payable - Trade              $   34,510      $ 2,500
        Accounts Payable -
            Related Parties - Note 5                -          22,840
                                              ----------      -------
        Total Current Liabilities             $   34,510      $25,340
                                              ==========      =======
STOCKHOLDERS' EQUITY
        Common Stock, 100,000,000
         shares authorized, $0.001
         par value; 3,252,975, and
         2,352,975 shares issued and
         outstanding, respectively,
         Adj. to current par value - Note 1        3,253        2,353

        Capital in excess of par value           370,202      370,202

        Deficit accumulated during the          (407,867)    (397,800)
        Development Stage                     -----------    ---------

        Total Stockholders' Equity
        (deficiency)                             (34,412)     (25,245)
                                              -----------     --------
    TOTAL LIABILITIES
        AND STOCKHOLDERS' EQUITY              $       98      $    95
                                              ===========     ========`

`Three Months         Nine Months
                SEP 30     SEP 30     SEP 30     SEP 30      AUG 19, 1907
                2001       2000       2001       2000        to SEP 30, 2001
REVENUES        $ -        $  -         $ -      $ -         $    -

EXPENSES          8,545       -         10,067   $ -           407,867
                --------   ------     ---------

NET LOSS        $(8,545)   $  -       $(10,067)  $ -         $(407,867)
                ========   ======     =========  ======      ==========

NET LOSS PER
COMMON SHARE

        Basic   $ -        $ -        $ -        $ -
                --------   ------     ---------  ------
AVERAGE
OUTSTANDING
SHARES

Basic (stated    3,253     2,003        3,253    2,003
in 1000's)      --------   ------     --------   ------`

`SEP 30        SEP 30        AUG 19, 1907 (Date of Inception)
                    2001          2000          to SEP 30, 2001
OPERATING
ACTIVITIES
Net Loss            $ (10,067)     $ -           $(407,867)

Adjustments to
reconcile net
loss to net
cash provided
by operating
expenses

Change in           $  9,170          -            34,510
Accounts
Payable
Valuation adj claims                                          60,000
Issuance of
Common Stock
and contri-
butions to
capital expenses         900                       27,356
                    --------      ------        ------------
Valuation adj.      $      3        -             286,001
Mining Claims

Net cash            $   -         $ -           $    -
increase
(decrease) in
operations

CASH FLOWS:
INVESTING
ACTIVITIES          $   -         $ -           $    -
                    --------      ------        ------------
CASH FLOWS:
FINANCING
ACTIVITIES
Proceeds from
Common stock        $   -         $ -           $ 286,099
                    --------      ------        ------------
Net Increase
(Decrease) in
Cash                $     3       $ -           $      98
                    --------      ------        ------------
Cash: Period
Begin               $    95         -                -
                    --------      ------        ------------
Cash: Period
End                 $    98      $  -           $      98
                    ========      ======        ============`