U.S. SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                   FORM 10-QSB


(Mark One)
[X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
     ACT OF 1934

     For the quarterly period ended September 30, 2002

[ ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934

     For the transition period from _______ to _______

                         Commission file number 0-25455

                              INTERGOLD CORPORATION
        (Exact name of small business issuer as specified in its charter)

            NEVADA                                               88-0365453
(State or other jurisdiction of                               (I.R.S. Employer
incorporation of organization)                               Identification No.)

                          435 Martin Street, Suite 2000
                            Blaine, Washington 98230
                    (Address of Principal Executive Offices)

                                 (360) 332-1354
                           (Issuer's telephone number)


                                       n/a
              (Former name, former address and former fiscal year,
                          if changed since last report)

Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 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.

     Yes  X   No

State 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 7, 2002

Common Stock, $.00025 par value        77,140,600

Transitional Small Business Disclosure Format (check one)

     Yes      No  X

<PAGE>

PART I.  FINANCIAL INFORMATION

ITEM 1.  INTERIM CONSOLIDATED FINANCIAL STATEMENTS

         CONSOLIDATED BALANCE SHEETS                                          2

         INTERIM CONSOLIDATED STATEMENTS OF OPERATIONS                        3

         INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS                        4

         NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS                   5

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION            9

PART II. OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS                                                   13

ITEM 2.  CHANGES IN SECURITIES AND USE OF PROCEEDS                           13

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES                                     13

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS                 13

ITEM 5.  OTHER INFORMATION                                                   13

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K                                    13

SIGNATURES                                                                   13

                                       i
<PAGE>


PART 1. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS
----------------------------

                              INTERGOLD CORPORATION
                         (AN EXPLORATION STAGE COMPANY)

                    INTERIM CONSOLIDATED FINANCIAL STATEMENTS

                               SEPTEMBER 30, 2002
                                   (Unaudited)





CONSOLIDATED BALANCE SHEETS

INTERIM CONSOLIDATED STATEMENTS OF OPERATIONS

INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS

NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS




                                        1
<PAGE>
<TABLE>
<CAPTION>

                                      INTERGOLD CORPORATION
                                 (An Exploration Stage Company)

                                   CONSOLIDATED BALANCE SHEETS

                                                                    September 30,   December 31,
                                                                        2002            2001
                                                                    ------------    ------------
                                                                     (Unaudited)
                                             ASSETS

CURRENT ASSETS
<S>                                                                 <C>             <C>
   Cash                                                             $        133    $        127
                                                                    ------------    ------------

                                                                    $        133    $        127
                                                                    ============    ============


                       LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY)

CURRENT LIABILITIES
   Accounts payable                                                 $     18,475    $     79,415
   Advances payable (Note 3)                                           1,797,244       1,693,647
   Notes payable (Note 4)                                                 51,890          51,890
   Accrued Series A warrant redemption payable                            60,000          60,000
   Accrued interest payable                                              486,199         361,925
                                                                    ------------    ------------

                                                                       2,413,808       2,246,877
                                                                    ------------    ------------

CONTINGENCIES (Note 1)

STOCKHOLDERS' EQUITY (DEFICIENCY) (Note 5)
   Common stock $.00025 par value; 125,000,000 shares authorized
      77,140,600 shares issued and outstanding                            19,284          19,284
   Preferred stock, $.001 par value; 75,000,000 shares authorized
      Issued and outstanding
      Series A - 6,200,000 shares                                          6,200           6,200
      Series B - 2,510,000 shares                                          2,510           2,510
      Upon liquidation, Series A shares have a $.25 per share
          preference over other preferred or common stock, Series
          B shares have a $.50 preference over common stock
   Additional paid-in capital                                         10,298,039      10,298,039
   Deficit accumulated during the exploration stage                  (12,739,708)    (12,572,783)
                                                                    ------------    ------------

                                                                      (2,413,675)     (2,246,750)
                                                                    ------------    ------------

                                                                    $        133    $        127
                                                                    ============    ============


 The accompanying notes are an integral part of these interim consolidated financial statements

                                               2
<PAGE>

                                                  INTERGOLD CORPORATION
                                             (An Exploration Stage Company)

                                      INTERIM CONSOLIDATED STATEMENTS OF OPERATIONS
                                                       (Unaudited)


                                               Three months    Three months     Nine months     Nine months   July 26, 1996
                                                      ended           ended           ended           ended  (inception) to
                                               September 30,   September 30,   September 30,   September 30,   September 30,
                                                       2002            2001            2002            2001            2002
                                               ------------    ------------    ------------    ------------    ------------

REVENUE
   Other income                                $       --      $       --      $       --      $       --      $      1,699
                                               ------------    ------------    ------------    ------------    ------------

EXPENSES
   Property exploration expenses                       --              --                             1,600       5,882,078
   Directors fees (recovery)                                         (7,000)           --             2,000          21,500
   General and administrative                        25,945         140,186          80,130         491,024       4,414,930
   Interest expense                                  46,345          33,619         124,274          99,449         547,318
   Loss on settlement of debt                          --                              --                         1,424,213
   Professional fees (recovery)                       6,382         627,016         (37,479)        970,909       1,784,917
   Realized loss on sale of available for
       sale investment                                 --              --              --              --            20,000
   Gain on settlement of lawsuit                       --        (1,569,224)           --        (1,569,224)     (1,589,224)
                                               ------------    ------------    ------------    ------------    ------------

                                                     78,672        (775,403)        166,925          (4,242)     12,505,732
                                               ------------    ------------    ------------    ------------    ------------

NET INCOME (LOSS)
 FOR THE PERIOD                                $    (78,672)   $    775,403    $   (166,925)   $      4,242    $(12,504,033)
                                               ============    ============    ============    ============    ============




BASIC NET INCOME (LOSS) PER SHARE              $      (0.00)   $       0.01    $      (0.00)   $       0.00
                                               ============    ============    ============    ============

WEIGHTED AVERAGE COMMON SHARES OUTSTANDING
                                                 77,140,600      81,140,600      77,140,600      81,140,600
                                               ============    ============    ============    ============


                The accompanying notes are an integral part of these interim consolidated financial statements

                                                            3
<PAGE>

                                                 INTERGOLD CORPORATION
                                            (An Exploration Stage Company)

                                     INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS
                                                      (Unaudited)


                                                                             Nine months      Nine months    July 26, 1996
                                                                                   ended            ended   (inception) to
                                                                            September 30,    September 30,    September 30,
                                                                                    2002             2001             2002
                                                                            ------------     ------------     ------------

CASH FLOWS FROM OPERATING ACTIVITIES
  Net loss for the period                                                   $   (166,925)    $      4,242     $(12,504,033)
  Adjustments to reconcile net loss to net cash from operating activities:
  - Depreciation                                                                    --                296            1,634
  - Loss on disposal of fixed assets                                                --              2,666            2,666
  - Write-off of accounts payable                                                   --            (41,172)         (41,172)
  - Gain on settlement of lawsuit                                                   --         (1,569,224)      (1,589,224)
  - Loss on settlement of debt                                                      --               --          1,424,213
  - Loss on sale of investment                                                      --               --             20,000
  - Non-cash exploration costs                                                      --               --          2,860,000
  - Non-cash expense recoveries                                                  (65,501)            --            (65,501)
  - Changes in working capital assets and liabilities
       Advances payable                                                          103,597          508,200        2,336,464
       Accounts payable                                                            4,561          128,300          622,944
       Accrued interest payable                                                  124,274           99,330          545,784
       Directors fees payable                                                       --              2,000             --
                                                                            ------------     ------------     ------------

NET CASH FLOWS FROM (USED IN)
OPERATING ACTIVITIES                                                                   6         (865,362)      (6,386,225)
                                                                            ------------     ------------     ------------

CASH FLOWS FROM INVESTING ACTIVITIES
  Acquisition of available-for-sale investments                                     --               --           (170,000)
  Equipment purchases                                                               --               --             (4,300)
                                                                            ------------     ------------     ------------

NET CASH FLOWS USED IN INVESTING ACTIVITIES                                         --               --           (174,300)
                                                                            ------------     ------------     ------------

CASH FLOWS FROM FINANCING ACTIVITIES
  Sale of common stock                                                              --                           1,957,658
  Sale of Series A preferred stock                                                  --                           2,500,000
  Sale of Series B preferred stock                                                  --                           1,255,000
  Net advances received                                                                            67,150
  Net cash received on settlement of lawsuit                                        --            798,000          798,000
  Note payable                                                                      --                              50,000
                                                                            ------------     ------------     ------------

NET CASH FLOWS FROM FINANCING ACTIVITIES                                            --            865,150        6,560,658
                                                                            ------------     ------------     ------------

INCREASE (DECREASE) IN CASH                                                            6             (212)             133

CASH, BEGINNING OF PERIOD                                                            127              406             --
                                                                            ------------     ------------     ------------

CASH, END OF PERIOD                                                         $        133     $        194     $        133
                                                                            ============     ============     ============


              The accompanying notes are an integral part of these interim consolidated financial statements

                                                          4
</TABLE>
<PAGE>

                             INTERGOLD CORPORATION
                         (An Exploration Stage Company)
               NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2002
--------------------------------------------------------------------------------
                                  (Unaudited)

NOTE 1: NATURE OF CONTINUED OPERATIONS AND BASIS OF PRESENTATION

The Company is in the exploration stage. To date, the Company has not generated
significant revenues from operations and has a working capital deficit and a
stockholders' deficiency of $2,413,675 at September 30, 2002. The Company's
continuance of operations and movement into an operating basis are contingent on
raising additional working capital, settling its outstanding debts and on the
future development of a new business venture. Advances from certain significant
shareholders will form the primary source of short-term funding for the Company
during the next twelve months. Accordingly, these factors raise substantial
doubt about the Company's ability to continue as a going concern.

Unaudited Interim Financial Statements

The accompanying unaudited interim consolidated financial statements have been
prepared in accordance with generally accepted accounting principles for interim
financial information and with the instructions to Form 10-QSB of Regulation
S-B. They may not include all information and footnotes required by generally
accepted accounting principles for complete financial statements. However,
except as disclosed herein, there have been no material changes in the
information disclosed in the notes to the financial statements for the year
ended December 31, 2001 included in the Company's Annual Report on Form 10-KSB
filed with the Securities and Exchange Commission. The interim unaudited
financial statements should be read in conjunction with those financial
statements included in the Form 10-KSB. In the opinion of Management, all
adjustments considered necessary for a fair presentation, consisting solely of
normal recurring adjustments, have been made. Operating results for the nine
months ended September 30, 2002 are not necessarily indicative of the results
that may be expected for the year ending December 31, 2002.

NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Principles of Consolidation
The consolidated financial statements include the accounts of the Company and
its wholly-owned subsidiary, International Gold Corporation ("IGC"). IGC was
acquired by purchase on July 23, 1997. The acquisition of International Gold
Corporation has been accounted for on the purchase method of accounting. All
significant intercompany transactions and account balances have been eliminated.

Mineral property costs
Mineral property acquisition, exploration and development costs are expensed as
incurred until such time as economic reserves are quantified. To date the
Company has not established any proven reserves on its mineral properties.

Loss Per Share
As of September 30, 2002, there were 3,450,000 exercisable options, 8,710,000
shares of convertible preferred stock and 2,510,000 common stock warrants that
can be converted into a total of 14,670,000 shares of common stock. As these
options, convertible preferred stock and warrants would have an antidilutive
effect on the presentation of loss per share, a diluted loss per share
calculation is not presented.

Financial Instruments
The fair value of the Company's financial assets and financial liabilities
approximate their carrying values due to the immediate or short-term maturity of
these financial instruments.

Use of Estimates
The preparation of financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions that
affect the reported amounts of assets and liabilities and disclosure of
contingent assets and liabilities at the date of the financial statements and
the reported amounts of revenues and expenses during the period. Actual results
could differ from those estimates.

                                       5
<PAGE>

                             INTERGOLD CORPORATION
                         (An Exploration Stage Company)
               NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2002
--------------------------------------------------------------------------------
                                  (Unaudited)

NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (con't)

Stock-Based Compensation
The Company accounts for stock-based compensation in respect to stock options
granted to employees and officers using the intrinsic value based method in
accordance with APB 25. Stock options granted to non-employees are accounted for
using the fair value method in accordance with SFAS No. 123. In addition, with
respect to stock options granted to employees, the Company provides pro-forma
information as required by SFAS No. 123 showing the results of applying the fair
value method using the Black-Scholes option pricing model.

The Company accounts for equity instruments issued in exchange for the receipt
of goods or services from other than employees in accordance with SFAS No. 123
and the conclusions reached by the Emerging Issues Task Force in Issue No.
96-18. Costs are measured at the estimated fair market value of the
consideration received or the estimated fair value of the equity instruments
issued, whichever is more reliably measurable. The value of equity instruments
issued for consideration other than employee services is determined on the
earliest of a performance commitment or completion of performance by the
provider of goods or services as defined by EITF 96-18.

The Company has also adopted the provisions of the Financial Accounting
Standards Board Interpretation No.44, Accounting for Certain Transactions
Involving Stock Compensation - An Interpretation of APB Opinion No. 25 ("FIN
44"), which provides guidance as to certain applications of APB 25. FIN 44 is
generally effective July 1, 2000 with the exception of certain events occurring
after December 15, 1998.

Income taxes
The Company follows the liability method of accounting for income taxes. Under
this method, future tax assets and liabilities are recognized for the future tax
consequences attributable to differences between the financial statement
carrying amounts of existing assets and liabilities and their respective tax
balances. Future tax assets and liabilities are measured using enacted or
substantially enacted tax rates expected to apply to the taxable income in the
years in which those differences are expected to be recovered or settled. The
effect on future tax assets and liabilities of a change in tax rates is
recognized in income in the period that includes the date of enactment or
substantive enactment.

NOTE 3: ADVANCES PAYABLE

Advances payable are comprised of cash advances and accrued fees and expenses as
follows:

                                                       September    December
                                                       30, 2002     31, 2001
                                                      ----------   ----------

   Sonanini Holdings Ltd.                             $  442,770   $  442,770
   Investor Communications International, Inc.           844,159      762,711
   Amerocan Marketing, Inc.                              151,000      151,000
   Tristar Financial Services Ltd.                       284,119      266,235
   Brent Pierce                                           70,831       70,831
   Grant Atkins                                            4,365          100
                                                      ----------   ----------
                                                      $1,797,244   $1,693,647
                                                      ==========   ==========

The advances bear 10% simple interest and are due on demand. There is $473,408
of interest accrued on the advances as of September 30, 2002 (2001 - $351,758).
See Note 7 - Related Party Transactions.

                                       6
<PAGE>

                             INTERGOLD CORPORATION
                         (An Exploration Stage Company)
               NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2002
--------------------------------------------------------------------------------
                                  (Unaudited)

NOTE 4: NOTES PAYABLE

                                                           September    December
                                                           30, 2002     31, 2001
                                                           --------     --------
Sonanini Holdings Ltd., bearing interest at 7% per
annum, simple interest on the balance outstanding. The
note is dated August 6, 1998 and has no stated maturity
date. Accrued interest on the note through September
30, 2001 totals $12,791 (2001 - $10,166).                   $50,000     $50,000

For the redemption of 1,889,750 shares of restricted
common stock of the Company payable at par value of
$.00025.                                                      1,890       1,890
                                                            -------     -------

                                                            $51,890     $51,890
                                                            =======     =======

NOTE 5: STOCKHOLDERS' EQUITY

As of September 30, 2002, there are 6,200,000 Series A Preferred shares issued
and outstanding. If the Company's Series A Preferred shareholders elect to
convert the remaining outstanding Series A Preferred shares an additional
11,114,100 shares of common stock would be issued on a basis of one common share
for each Series A Preferred share outstanding, including 4,914,100 shares in
settlement of accrued 20% cumulative undeclared dividends totaling $1,228,525
which are to be issued on a basis of one common share for each $.25 of cumulated
undeclared dividends.

As of September 30, 2002, there are 2,510,000 Series B Preferred shares issued
and outstanding. If the Company's Series B Preferred shareholders elect to
convert the remaining outstanding Series B Preferred shares, an additional
4,269,600 shares of common stock would be issued on a basis of one common share
for each Series B Preferred share outstanding, including 1,759,600 shares in
settlement of accrued 20% cumulative undeclared dividends totaling $879,800
which are to be issued on a basis of one common share for each $.50 of cumulated
undeclared dividends.

NOTE 6: EMPLOYEE STOCK OPTION PLAN

During 1997, the Company authorized an Employee Stock Option Plan. The plan
authorized the issuance of 2,000,000 options that can be exercised at $.50 per
share of common stock and an additional 2,500,000 options that can be exercised
to purchase shares of common stock at $1.00 per share. All options granted
expire December 27, 2017. The options are non-cancelable once granted. Shares
which may be acquired through the plan may be authorized but unissued shares of
common stock or issued shares of common stock held in the Company's treasury.

During the year ended December 31, 1999, the Board of Directors of the Company
authorized the grant of stock options to certain officers, directors and
consultants. The options granted consisted of 2,000,000 options with an exercise
price of $.50 per share of common stock and 1,450,000 options with an exercise
price of $1.00 per common share. Selected information regarding the Company's
employee stock options as of September 30, 2002 are as follows:

                                                  September 30, 2002
                                             ----------------------------
                                                              Weighted
                                             Number of        average
                                              options      exercise price
                                              -------      --------------

     Outstanding at beginning of period      3,450,000       $.71/share
     Outstanding at end of period            3,450,000       $.71/share
     Exercisable at end of period            3,450,000       $.71/share
     Options granted during period                   -                -
     Options exercised during period                 -                -
     Options forfeited during period                 -                -
     Options expired during period                   -                -

                                        7
<PAGE>

                             INTERGOLD CORPORATION
                         (An Exploration Stage Company)
               NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2002
--------------------------------------------------------------------------------
                                  (Unaudited)

NOTE 6: EMPLOYEE STOCK OPTION PLAN (con't)

As of September 30, 2002, outstanding options have exercise prices ranging from
$.50 to $1.00 per share. The weighted average exercise price of all options
outstanding is $.71 per share of common stock and the weighted average remaining
contractual life is 15 years 88 days.

NOTE 7: RELATED PARTY TRANSACTIONS

The Company, on January 1, 1999, entered into a management services agreement
with Investor Communications, Inc. ("ICI") to provide management of the
day-to-day operations of the Company for a two year term. The management
services agreement requires monthly payments not to exceed $75,000 for services
rendered. The Company's subsidiary entered into a similar agreement on January
1, 1999 with Amerocan Marketing, Inc. ("Amerocan") with required monthly
payments not to exceed $25,000 for services rendered for a two year term. Both
agreements have been extended for a further two year term.

One director of Intergold Corporation has been contracted by ICI and Amerocan
and is part of the management team provided to Intergold Corporation and its
subsidiary. During the nine month period ended September 30, 2002 a total of
$78,650 (2001 - $518,000) was incurred to these private companies which are also
significant shareholders for managerial, administrative and investor relations
services provided to the Company and its subsidiary. During the period ended
September 30, 2002 these companies paid a total of $9,075 (2001 - $8,500) to
this officer and director for services provided to the Company and its
subsidiary. In addition, during the period ended September 30, 2002 ICI and
other shareholders paid expenses on behalf of the Company totaling $24,947 (2001
- $67,050). Interest of $86,164 (2001 - $89,206) was accrued on outstanding
advances.

NOTE 8: COMPARATIVE FIGURES

Certain prior period figures have been reclassified in order to conform to this
period's financial statement presentation.







                                       8
<PAGE>

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

GENERAL

     Intergold Corporation, a Nevada corporation (the "Company") currently
trades on the OTC Bulletin Board under the symbol "IGCO". The Company's prior
operational business activities were in the business of exploration of gold and
precious metals in the United States. The Company's prior operational business
activities had been carried out through International Gold Corporation ("INGC"),
a private wholly-owned subsidiary of the Company. INGC's primary assets
previously consisted of title to a block of 321 contiguous unpatented lode
mining claims located in Lincoln County, south-central Idaho (the "Blackhawk
Property"). The Company ceases to hold title to all previously held unpatented
lode mining claims that comprised the Blackhawk Property.

     As of the date of this Quarterly Report, the Company has suspended further
exploration of the Blackhawk Property due to the existence of multiple breaches
of contract by AuRIC Metallurgical Laboratories LLC ("AuRIC") and Dames & Moore
under the respective Agreement for Services and the License Agreement and the
settlement of the lawsuit against AuRIC and Dames & Moore. Moreover, the Company
deemed the probability of commercial grade gold or silver located in the
Blackhawk Property claims to be nil.

New Business Endeavors

     As of the date of this Quarterly Report, management of the Company is
undertaking research relating to prospective new business endeavors and possible
new acquisitions. This research may result in the Company entering into business
operations that are not in the minerals exploration field.

     As of the date of this Quarterly Report, there has been no income realized
from the business operations of the Company. The Company's primary source of
financing during the prior fiscal years have been from proceeds received by IGCO
from the conversion of Series A Warrants into shares of the Company's common
stock at the redemption price of $0.25 per Series A Warrant and cash advances
provided to the Company as debt.

     During fiscal year ended December 31, 2001, no Series A Warrants were
converted into shares of the Company's restricted Common Stock. During fiscal
year ended December 31, 2000, an aggregate of 3,000,000 Series A Warrants were
converted into 3,000,000 shares of the Company's restricted Common Stock for an
aggregate consideration of $750,000. Each Series A Preferred share is also
convertible into one share of Common Stock of the Company and all then accrued
and unpaid dividends are convertible into Common Stock at the conversion price
of $0.25 per share. During fiscal year ended December 31, 2001, no Preferred
Series A shares were converted into shares of the Company's restricted Common
Stock.

     As of the date of this Quarterly Report, 6,200,000 shares of Series A
Preferred Stock remain outstanding. If the Series A Preferred Stock is converted
by the holders thereof, an additional 11,114,100 shares of Common Stock would be
issued on the basis of one share of Common Stock for each share of Series A
Preferred Stock. This would include the issuance of an additional 4,914,100
shares of Common Stock as settlement of accrued 20% cumulative undeclared
dividends on the Series A Preferred Stock totaling approximately $1,228,525,
which are to be issued on the basis of one share of Common Stock for each $0.25
of cumulated undeclared dividends.

     As of the date of this Quarterly Report, 2,510,000 shares of Series B
Preferred Stock remain outstanding. If the Series B Preferred Stock is converted
by the holders thereof, an additional 4,269,600 shares of Common Stock would be
issued on the basis of one share of Common Stock for each share of Series B
Preferred Stock. This would include the issuance of an additional 1,759,600
shares of Common Stock as settlement of accrued 20% cumulative undeclared
dividends on the Series B Preferred Stock totaling approximately $879,800, which
are to be issued on the basis of one share of Common Stock for each $0.50 of
cumulated undeclared dividends.

                                       9
<PAGE>

RESULTS OF OPERATION

Nine-Month Period Ended September 30, 2002 Compared to Nine-Month Period Ended
September 30, 2001

     The Company's net loss for the nine-month period ended September 30, 2002
was approximately ($166,925) compared to a net gain of approximately $4,242 for
the nine-month period ended September 30, 2001 (an increase of $162,683). During
the nine-month periods ended September 30, 2002 and 2001, the Company recorded
no income.

     During the nine-month period ended September 30, 2002, the Company did not
incur any property exploration expenses compared to $1,600 of property
exploration expenses recorded during the nine-month period ended September 30,
2001. The decrease in property exploration expenses resulted from suspension of
any further exploration of the Blackhawk Property compared to property
exploration expenses incurred in the same period for 2001 relating to amounts
paid by the Company for preliminary confirmation test work undertaken by the
Company associated with contractual agreements between the Company and AuRIC,
Dames & Moore and Geneva Resources, Inc., respectively (resulting in the
litigation between the Company, INGC, Geneva Resources Inc. and AuRIC, Dames &
Moore and other parties).

     During the nine-month period ended September 30, 2002, the Company recorded
operating expenses of $208,004 as compared to operating expenses of $1,564,982
recorded during the nine-month period ended September 30, 2001 (a decrease of
$1,360,578). Although the Company incurred $208,004 of actual operating expenses
during the nine-month period ended September 30, 2002, such expenses were offset
by $37,479 recorded as a recovery of professional fees, resulting in a net loss
of $166,925. And, although the Company incurred $1,582,882 of actual operating
expenses during the nine-month period ended September 30, 2001, such expenses
were also offset by $1,569,224 recorded as a gain on the settlement of the
lawsuit, resulting in net income of $4,242.

     During the nine-month period ended September 30, 2002, the Company's
operating expenses consisted primarily of: (i) $124,274 as interest expense; and
(ii) $80,130 as general and administrative expenses. During the nine-month
period ended September 30, 2001, the Company's operating expenses consisted
primarily of: (i) $491,024 as general and administrative expenses; (ii) $970,909
as professional fees; (iii) $99,449 as interest expense; (iv) $21,500 as
directors' fees; and (v) $1,600 as property exploration expenses. The decrease
in general and administrative expenses during the nine-month period ended
September 30, 2002 compared to the nine-month period ended September 30, 2001
was primarily due to a decrease in overhead and administrative expenses
resulting from the decreasing scale and scope of overall corporate activity
pertaining to exploration and administration of the Blackhawk Property. The
decrease in professional fees during the nine-month period ended September 30,
2002 compared to the nine-month period ended September 30, 2001 was due
primarily to the associated settlement of the litigation between the Company,
INGC, Geneva Resources Inc. and AuRIC, Dames & Moore and other parties. General
and administrative expenses generally include corporate overhead, financial and
administrative contracted services and consulting costs.

     Of the $80,130 incurred as general and administrative expenses during the
nine-month period ended September 30, 2002, an aggregate of $78,650 was incurred
payable to Investor Communications International, Inc. ("ICI") for amounts due
and owing for operational management, administrative, financial and investor
relations services rendered by ICI and Amerocan. During the nine-month period
ended September 30, 2002, net cash advances of $24,947 were made by ICI to the
Company, and the accrual of interest on outstanding advances was $86,164. One of
the Company's officers/directors is employed by ICI and part of the management
team provided by ICI to the Company. During the nine-month period ended
September 30, 2002, Mr. Grant Atkins received from ICI and Amerocan
approximately $9,075 as compensation.

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<PAGE>

     The Company and ICI entered into a two-year consulting services and
management agreement dated January 1, 1999 and the Company's subsidiary,
International Gold Corporation, and Amerocan entered into a similar agreement
dated January 1, 1999 whereby ICI and Amerocan perform a wide range of
management, administrative, financial, marketing and public company services
including, but not limited to, the following: (i) international business
relations and strategy development, (ii) investor relations and shareholder
liaison, (iii) corporate public relations, press release and public information
distribution, (iv) property exploration management, including administration of
metallurgical development, metallurgical liaison, BLM liaison, engineering
company liaison, drilling administration, geologist liaison, mapping, survey and
catalogue, geostatistical liaison, environmental research, geological reports
compilation and due diligence efforts, (v) administration, including auditor and
legal liaison, media liaison, corporate minutebook maintenance and record
keeping, corporate secretarial services, printing and production, office and
general duties, and (vi) financial and business planning services, including
capital and operating budgeting, banking, bookkeeping, documentation, database
records, preparation of financial statements and creation of annual reports. On
January 1, 2001, the Company and ICI and International Gold Corporation and
Amerocan, respectively, renewed its consulting services and management agreement
for an additional two-year period.

     As discussed above, the net loss incurred during the nine-month period
ended September 30, 2002 as compared to the net gain incurred during the
nine-month period ended September 30, 2001 is attributable primarily to the
$1,569,224 recorded as a gain on the settlement of the lawsuit during the
nine-month period ended September 30, 2001, which amount was offset against
operating expenses resulting in a net income of $4,242. The Company's net loss
during the nine-month period ended September 30, 2002 was approximately
($166,925) or ($0.00) per share compared to a net gain of approximately $4,242
or ($0.00) per share during the nine-month period ended September 30, 2001. The
weighted average number of shares outstanding were 77,140,600 for the nine-month
period ended September 30, 2002 compared to 81,140,600 for the nine-month period
ended September 30, 2001.

Three-Month Period Ended September 30, 2002 Compared to Three-Month Period Ended
September 30, 2001

     The Company's net loss for the three-month period ended September 30, 2002
was approximately ($78,672) compared to a net gain of approximately $775,403 for
the three-month period ended September 30, 2001 (an increase of $696,731).
During the three-month periods ended September 30, 2002 and 2001, the Company
recorded no income.

     During the three-month periods ended September 30, 2002 and 2001, the
Company did not incur any property exploration expenses.

     During the three-month period ended September 30, 2002, the Company
recorded operating expenses of $78,672 as compared to operating expenses of
$800,821 recorded during the three-month period ended September 30, 2001 (a
decrease of $722,149). Although the Company actually incurred $800,821 of
operating expenses during the three-month period ended September 30, 2001, such
expenses were offset by $1,569,224 recorded as a gain on settlement of the
lawsuit, resulting in a net gain of $775,403.

     During the three-month period ended September 30, 2002, the Company's
operating expenses consisted of: (i) $46,345 as interest expense; (ii) $25,945
as general and administrative expenses; and (iii) $6,382 as professional fees.
During the three-month period ended September 30, 2001, the Company's operating
expenses consisted of: (i) $627,016 as professional fees; (ii) $140,186 as
general and administrative expenses; and (iii) $33,619 as interest expense.

                                       11
<PAGE>

     As discussed above, the net loss incurred during the three-month period
ended September 30, 2002 as compared to the net gain incurred during the
three-month period ended September 30, 2001 is attributable primarily to the
$1,569,224 recorded as a gain on the settlement of the lawsuit during the
three-month period ended September 30, 2001, which amounts were offset against
operating expenses resulting in a net income of $775,403. The Company's net loss
during the three-month period ended September 30, 2002 was approximately
($78,672) or ($0.00) per share compared to a net gain of approximately $775,403
or $0.01 per share during the three-month period ended September 30, 2001. The
weighted average number of shares outstanding were 77,140,600 for the
three-month period ended September 30, 2002 compared to 81,140,600 for the
three-month period ended September 30, 2001.

LIQUIDITY AND CAPITAL RESOURCES

For Nine-Month Period Ended September 30, 2002

     The Company's financial statements have been prepared assuming that it will
continue as a going concern and, accordingly, do not include adjustments
relating to the recoverability and realization of assets and classification of
liabilities that might be necessary should the Company be unable to continue in
operations.

     The Company must raise additional capital. Further, the Company has not
generated sufficient cash flow to fund operations and activities. Historically,
the Company has relied upon internally generated funds, funds from the sale of
shares of stock and loans from its shareholders and private investors to finance
its operations and growth. The Company's future success and viability are
entirely dependent upon the Company's current management to successfully
research and identify new business endeavors, and to raise additional capital
through further private offerings of its stock or loans from private investors.
There can be no assurance, however, that the Company will be able to
successfully research, identify and acquire new business endeavors and to raise
additional capital. The Company's failure to successfully identify and acquire
new business endeavors and to raise additional capital will have a material and
adverse affect upon the Company and its shareholders.

     As of September 30, 2002, the Company's current assets were $133 and its
current liabilities were $2,413,808, which resulted in a working capital deficit
of $2,413,675. As of fiscal year ended December 31, 2001, the Company's total
assets were $127 and its current liabilities were $2,246,877, which resulted in
a working capital deficit of $2,246,750. The increase in liabilities from fiscal
year ended December 31, 2001 was due primarily to an increase in advances
payable and accrued interest due and owing by the Company to significant
shareholders and debt holders which totaled $1,797,244 and $486,199,
respectively.

     Stockholders' deficit increased from ($2,246,750) for fiscal year ended
December 31, 2001 to ($2,413,675) for the nine-month period ended September 30,
2002.

     The Company has not generated positive cash flows from operating
activities. For the nine-month period ended September 30, 2002, net cash flows
used in operating activities was ($6) compared to ($865,362) of net cash flows
used in operating activities for the nine-month period ended September 30, 2001.
The net operating loss of ($166,925) increased during the nine-month period
ended September 30, 2002 from a net operating gain of $4,242 during the
nine-month period ended September 30, 2001. Changes in working capital assets
and liabilities decreased to an aggregate of $232,432 for the nine-month period
ended September 30, 2002 from an aggregate of $737,830 for the nine-month period
ended September 30, 2001.

     Net cash flows from investing activities were $-0- for both nine-month
periods ended September 30, 2002 and 2001, respectively.

                                       12
<PAGE>

     Net cash flows from financing activities were $-0- for the nine-month
period ended September 30, 2002 as compared to $865,150 for the nine-month
period ended September 30, 2001 (which was comprised of $798,000 received on
settlement of lawsuit and $67,150 in net advances received).

FUNDING

     Current management of the Company anticipates a possible increase in
operating expenses in order to successfully research and identify new business
endeavors. The Company may finance these expenses with further issuance of
common stock of the Company. The Company believes that any anticipated private
placements of equity capital and debt financing, if successful, may be adequate
to fund the Company's operations over the next six months. Thereafter, the
Company expects it will need to raise additional capital to meet long-term
operating requirements. The Company may encounter business endeavors that
require significant cash commitments or unanticipated problems or expenses that
could result in a requirement for additional cash before that time. If the
Company raises additional funds through the issuance of equity or convertible
debt securities other than to current shareholders, the percentage ownership of
its current shareholders would be reduced, and such securities might have
rights, preferences or privileges senior to its common stock. Additional
financing may not be available upon acceptable terms, or at all. If adequate
funds are not available or are not available on acceptable terms, the Company
may not be able to take advantage of prospective new business endeavors or
opportunities, which could significantly and materially restrict the Company's
business operations.


PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

     No report required.

ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS

     No report required.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

     No report required.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

     No report required.

ITEM 5. OTHER INFORMATION

     No report required.

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

     99.2 Certification Pursuant to 18 U.S.C. Section 1350.

SIGNATURES

     In accordance with the requirements of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.


                                             INTERGOLD CORPORATION

Dated: November 7, 2002                      By: /s/ Grant Atkins
                                             ---------------------------
                                             Grant Atkins, President and
                                             Chief Executive Officer


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