<TABLE> <S> <C>

<ARTICLE> 5
       
<S>                             <C>                     <C>                     <C>
<PERIOD-TYPE>                   YEAR                   YEAR                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1998             MAR-31-1997             MAR-31-1996
<PERIOD-END>                               MAR-31-1998             MAR-31-1997             MAR-31-1996
<CASH>                                          61,287                 796,106                       0<F1>
<SECURITIES>                                         0                       0                       0<F1>
<RECEIVABLES>                                  690,265<F2>                 532,801<F2>                       0<F1>
<ALLOWANCES>                                         0                       0                       0<F1>
<INVENTORY>                                  1,385,136<F3>               1,371,086<F3>                       0<F1>
<CURRENT-ASSETS>                                     0                       0                       0<F1>
<PP&E>                                      23,662,963<F4>              20,469,128<F4>                       0<F1>
<DEPRECIATION>                                       0                       0                       0<F1>
<TOTAL-ASSETS>                              25,799,651              23,169,121                       0<F1>
<CURRENT-LIABILITIES>                        7,405,772<F5>               6,174,195<F5>                       0<F1>
<BONDS>                                              0                       0                       0<F1>
<PREFERRED-MANDATORY>                                0                       0                       0<F1>
<PREFERRED>                                          0               1,515,000                       0<F1>
<COMMON>                                     1,103,967                 919,304                       0<F1>
<OTHER-SE>                                  17,289,912              14,560,622                       0<F1>
<TOTAL-LIABILITY-AND-EQUITY>                25,799,651              23,169,121                       0<F1>
<SALES>                                              0                       0                       0<F1>
<TOTAL-REVENUES>                             1,411,881                  62,841                  58,361
<CGS>                                                0                       0                       0
<TOTAL-COSTS>                                        0                       0                       0
<OTHER-EXPENSES>                             1,293,278                  67,982                  86,748
<LOSS-PROVISION>                                     0                       0                       0
<INTEREST-EXPENSE>                                   0                       0                       0
<INCOME-PRETAX>                                118,603                 (5,141)                (28,387)
<INCOME-TAX>                                         0                       0                       0
<INCOME-CONTINUING>                                  0                       0                       0
<DISCONTINUED>                                       0                       0                       0
<EXTRAORDINARY>                                      0                       0                       0
<CHANGES>                                            0                       0                       0
<NET-INCOME>                                   118,603                 (5,141)                (28,387)
<EPS-PRIMARY>                                      .01<F6>                     .00<F6>                     .00<F6>
<EPS-DILUTED>                                      .01                     .00                     .00
<FN>
<F1>Balance sheet is not required.
<F2>Investments, accounts receivable and prepaid items.
<F3>Gold held in inventory and real estate held for sale.
<F4>PPE is net after depreciation.
<F5>Most of the liabilities are owed to related parties and
since nominal payments were made, this debt could be
construed to be long term.
<F6>EPS - Basic
</FN>
        

</TABLE>