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 March 31, 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)


                    5000 Birch Street, West Tower, Suite 4000
                         Newport Beach, California 92660
              (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 May 13, 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. FINANCIAL STATEMENTS

The unaudited financial statements of Intergold Corporation (the "Company")
reflect all adjustments which are, in the opinion of management, necessary to
present a fair statement of the operating results for the interim period
presented.



                              INTERGOLD CORPORATION
                         (An Exploration Stage Company)

                     INTERIM CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)

                                  March 31, 2002


                                                                         Page
                                                                         ----

Consolidated Balance Sheets                                               2

Interim Consolidated Statements of Operations                             3

Interim Consolidated Statements of Cash Flows                             4

Notes to Interim Consolidated Financial Statements                        5




                                       1
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                                                  INTERGOLD CORPORATION
                                             (An Exploration Stage Company)

                                               CONSOLIDATED BALANCE SHEETS


                                                                                            March 31,      December 31,
                                                                                               2002            2001
                                                                                           ------------    ------------
                                                                                            (Unaudited)
                                                         ASSETS
<S>                                                                                        <C>             <C>
CURRENT ASSETS
   Cash                                                                                    $         37    $        127
                                                                                           ------------    ------------

                                                                                           $         37    $        127
                                                                                           ============    ============


                                   LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY)

CURRENT LIABILITIES
   Accounts payable                                                                        $    281,404    $    275,261
   Advances payable (Note 3)                                                                  1,530,335       1,497,801
   Notes payable (Note 4)                                                                        51,890          51,890
   Accrued Series A warrant redemption payable                                                   60,000          60,000
   Accrued interest payable                                                                     400,236         361,925
                                                                                           ------------    ------------

                                                                                              2,323,865       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                                         (12,649,861)    (12,572,783)
                                                                                           ------------    ------------

                                                                                             (2,323,828)     (2,246,750)
                                                                                           ------------    ------------

                                                                                           $         37    $        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   July 26, 1996
                                                                   ended           ended  (inception) to
                                                               March 31,       March 31,       March 31,
                                                                    2002            2001            2002
                                                            ------------    ------------    ------------
REVENUE
   Other Income                                             $       --      $       --      $      1,699
                                                            ------------    ------------    ------------

EXPENSES
   Property exploration expenses                                    --             1,600       5,882,078
   Directors fees                                                   --             4,500          21,500
   General and administrative                                     29,705         183,227       4,365,238
   Interest expense                                               39,042          30,484         461,355
   Loss on settlement of debt                                       --              --         1,424,213
   Professional fees                                               8,331          97,154       1,830,726
   Realized loss on sale of available for sale investment           --              --            20,000
   Gain on settlement of lawsuit                                    --              --        (1,589,224)
                                                            ------------    ------------    ------------
                                                                  77,078         316,965      12,415,886
                                                            ------------    ------------    ------------

NET LOSS FOR THE PERIOD                                     $    (77,078)   $   (316,965)   $(12,414,187)
                                                            ============    ============    ============




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

WEIGHTED AVERAGE COMMON SHARES OUTSTANDING                    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)


                                                                              Three months      Three months    July 26, 1996
                                                                                     ended             ended   (inception) to
                                                                            March 31, 2002    March 31, 2001   March 31, 2002
                                                                            --------------    --------------   --------------

CASH FLOWS FROM OPERATING ACTIVITIES
  Net loss for the period                                                    $    (77,078)   $   (316,965)     $(12,414,187)
  Adjustments to reconcile net loss to net cash from operating activities:
  - Depreciation                                                                     --               148             1,634
  - Loss on disposal of fixed assets                                                 --              --               2,666
  - Write-off of accounts payable                                                    --              --             (41,172)
  - Gain on settlement of lawsuit                                                    --              --          (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
  - Changes in working capital assets and liabilities
       Advances payable                                                            32,534         201,700         2,265,408
       Accounts payable                                                             6,143          79,828           624,520
       Accrued interest payable                                                    38,311          30,484           459,821
       Directors fees payable                                                        --             4,500              --
                                                                             ------------    ------------      ------------

NET CASH FLOWS USED IN OPERATING ACTIVITIES                                           (90)           (305)       (6,386,327)
                                                                             ------------    ------------      ------------

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 cash received on settlement of lawsuit                                         --              --             798,000
  Note payable                                                                       --              --              50,000
                                                                             ------------    ------------      ------------

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

INCREASE (DECREASE) IN CASH                                                           (90)           (305)               37

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

CASH, END OF PERIOD                                                          $         37    $        101      $         37
                                                                             ============    ============      ============


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

                                                             4
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<PAGE>


                             INTERGOLD CORPORATION
                         (An Exploration Stage Company)
               Notes to Interim Consolidated Financial Statements

                                 March 31, 2002
                                  (Unaudited)


NOTE 1:  NATURE OF CONTINUED OPERATIONS AND BASIS OF PRESENTATION

The Company is in the exploration stage of its mineral property development. To
date, the Company has not generated significant revenues from operations and has
a working capital deficit and a stockholders' deficiency of $2,323,828 at March
31, 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 do not include all information and footnotes required by generally
accepted accounting principles for complete financial statements. However,
except as disclosed herein, there has 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 three
months ended March 31, 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 March 31, 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

March 31, 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:

                                                    March 31,     December 31,
                                                         2002             2001
                                                  -----------      -----------


    Sonanini Holdings Ltd.                          $ 442,770        $ 442,770
    Investor Communications International, Inc.       779,680          749,381
    Amerocan Marketing, Inc.                          151,000          151,000
    Tristar Financial Services Ltd.                   147,635          145,400
    Brent Pierce                                        9,150            9,150
    Grant Atkins                                          100              100
                                                  -----------      -----------
                                                  $ 1,530,335      $ 1,497,801
                                                  ===========      ===========


The advances bear 10% simple interest and are due on demand. There is $389,206
of interest accrued on the advances as of March 31, 2002. See Note 7 - Related
Party Transactions.

                                        6
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<CAPTION>


INTERGOLD CORPORATION
(An Exploration Stage Company)
Notes to Interim Consolidated Financial Statements

March 31, 2002
(Unaudited)


NOTE 4:  NOTES PAYABLE

                                                               March 31,    December 31,
                                                                    2002            2001
                                                            ------------    ------------
<S>                                                         <C>             <C>
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 $11,030.                                                   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
                                                            ============     ===========
</TABLE>

NOTE 5:  STOCKHOLDERS' EQUITY

As of March 31, 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 10,173,800
shares of common stock would be issued, including 4,283,800 shares in settlement
of accrued 20% cumulative undeclared dividends totaling $1,070,950.

As of March 31, 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 3,889,000
shares of common stock would be issued, including 1,504,500 shares in settlement
of accrued 20% cumulative undeclared dividends totaling $752,250.


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 December 31, 2000 are as follows:

                                               March 31, 2002
                                        ---------------------------
                                                        Weighted
                                        Number of        average
                                         options     exercise price
                                        ---------    --------------

     Outstanding at Beg. 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                    3,450,000       $.71/share
     Options Exercised                       --             --
     Options Forfeited                       --             --
     Options Expired                         --             --

                                        7
<PAGE>


INTERGOLD CORPORATION
(An Exploration Stage Company)
Notes to Interim Consolidated Financial Statements

March 31, 2002
(Unaudited)


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

As of March 31, 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 271 days. There are 3,450,000 options that are
exercisable with a weighted average exercise price of $.71 per share of common
stock.


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 period ended March 31, 2002 a total of $28,100 (2001 -
$180,000) 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 March 31,
2002 these companies paid a total of $3,300 (2001 - nil) to this officer and
director for services provided to the Company and its subsidiary.

During the period ended March 31, 2002 net cash advances of $4,435 (2001 -
$1,200) were received from ICI and other shareholders. Interest of $38,311 (2001
- $30,485) was accrued on outstanding advances.




                                        8
<PAGE>

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

GENERAL

     Blackhawk Property

     Intergold Corporation, a Nevada corporation (the "Company") currently
trades on the OTC Bulletin Board under the symbol "IGCO". As of the date of this
Quarterly Report, the Company is not engaged in operational business activities.
Management is currently involved in research and due diligence of possible
acquisitions and prospective new business endeavors. This research may and is
anticipated to result in the Company entering into business operations that are
not in the minerals industry.

     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"). As of the date of this Quarterly Report, the Company
has ceased to hold title to all previously held unpatented lode mining claims
that comprised the Blackhawk Property. The 28 unpatented lode mining claims
previously retained by the Company were for purposes relating only to the
litigation initiated by INGC, on behalf of the Company, against AuRIC
Metallurgical Laboratories, LLC ("AuRIC") and Dames & Moore. Such claims have
not been held by the Company since August 31, 2001.

     The Company also previously owned forty-nine percent (49%) of a future
profit sharing interest in profits to be realized from the exploration of 439
unpatented lode mining claims located in an area adjacent to the Blackhawk
Property (the "Blackhawk II Property"). The Company and its prior joint venture
partner, Goldstate Corporation ("GDSA"), previously held joint title to the 439
unpatented lode mining claims on the Blackhawk II Property. As of the date of
this Quarterly Report, neither the Company nor GDSA hold title to such mining
claims on the Blackhawk II Property.

     INGC, on behalf of the Company, and AuRIC had entered into an Agreement for
Services dated March 18, 1999 (the "Agreement for Services") whereby AuRIC
agreed to perform certain services, including the development of proprietary
technology and know-how relating to fire and chemical assay analysis techniques
and metallurgical ore extraction procedures developed specifically for the
exploration of properties of the Company.

     INGC, on behalf of the Company, had also retained the services of Dames &
Moore, an internationally recognized engineering and consulting firm ("Dames &
Moore") to provide validation audits of each major step of the assay and
metallurgical recovery procedures conducted by AuRIC. In November of 1998,
according to independent testing conducted by Dames & Moore, Dames & Moore
validated AuRIC's fire assay and parallel chemical leach procedures as a method
to verify the existence of mineralization. The positive outcome of the testing
program conducted by Dames & Moore formed the subject of a November 30, 1998
report and three further subsequently dated reports regarding the Company's
properties. Dames & Moore verified the fire and chemical assay techniques and
procedures developed by AuRIC and their repeatability as well as metallurgical
recovery.

     AuRIC and Geneva Resources, Inc., a Nevada corporation ("Geneva") entered
into a Technology License Agreement dated March 17, 1999 (the "License
Agreement") whereby AuRIC agreed to supply the proprietary technology to Geneva
and grant to Geneva the right to sub-license the proprietary technology to the
Company for use on the Blackhawk Property. The Company and Geneva entered into a
Technology Sub-License Agreement dated March 18, 1999 (the "Sub-License
Agreement") whereby the Company acquired from Geneva a sub-license to utilize
AuRIC's proprietary information and related precious metals recovery processes
to carry out assay testing and chemical leach analysis of core samples derived
from any subsequent drilling on the Blackhawk Property.

     Pursuant to certain contractual terms and provisions, AuRIC and Dames &
Moore had not been successful in transferring the proprietary fire assay
technology to Geneva or to any independent third party assay laboratory. On
September 27, 1999, Geneva and INGC, on behalf of the Company, initiated legal
proceedings against AuRIC for multiple breaches of contract stemming from the
Agreement for Services and the License Agreement and against Dames & Moore in a
declaratory relief cause of action (the "Lawsuit").

                                       9
<PAGE>


     The Company suspended further exploration of the Blackhawk Property due to
(i) the independent assessment information which did not support the claims of
AuRIC and Dames & Moore; (ii) the existence of multiple breaches of contract by
AuRIC and Dames & Moore under the Agreement for Services and the License
Agreement; and (iii) the pending Lawsuit and further claims of action 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.

     On approximately September 25, 2001, Geneva, the Company, INGC, and others
entered into settlement agreements and releases with Dames & Moore, et. al., and
AuRIC in which the parties agreed to settle in order to diminish the continuous
burden, cost and expense of protracted ongoing litigation. See "Part II. Other
Information. Item 1. Legal Proceedings" for further disclosure.

     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 and 6,200,000 Series A Warrants remain outstanding. If the
Series A Preferred Stock is converted by the holders thereof, an additional
10,173,800 shares of Common Stock would be issued, including 4,283,800 shares of
Common Stock as settlement of accrued 20% cumulative undeclared dividends on the
Series A Preferred Stock totaling approximately $1,070,950.

     As of the date of this Quarterly Report, 2,510,000 shares of Series B
Preferred Stock remain outstanding and, if converted, an additional 3,889,000
shares of Common Stock would be issued, including 1,504,500 shares of Common
Stock as settlement of accrued 20% cumulative undeclared dividends on the Series
B Preferred Stock totaling approximately $752,250.

                                       10
<PAGE>


RESULTS OF OPERATION

     Three-Month Period Ended March 31, 2002 Compared to Three-Month Period
     Ended March 31, 2001

     The Company's net loss for the three-month period ended March 31, 2002 was
approximately $77,078 compared to a net loss of approximately $316,965 for the
three-month period ended March 31, 2001. During the three-month periods ended
March 31, 2002 and 2001, the Company recorded no income.

     During the three-month period ended March 31, 2002, the Company incurred
operating expenses of $77,078 as compared to operating expenses of $316,965
incurred during the three-month period ended March 31, 2001 (a decrease of
$239,887).

     During the three-month period ended March 31, 2002, the Company did not
incur any property exploration expenses compared to $1,600 of property
exploration expenses recorded during the three-month period ended March 31,
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, respectively (resulting in the litigation between the
Company, INGC, Geneva and AuRIC, Dames & Moore and other parties).

     During the three-month period ended March 31, 2002, the Company incurred
professional fees of $8,331 as compared to professional fees of $97,154 incurred
during the three-month period ended March 31, 2001. Professional fees decreased
by approximately $88,823 during the three-month period ended March 31, 2002. The
decrease in professional fees was due primarily to the settlement of the
litigation between the Company, INGC, Geveva and AuRIC, Dames & Moore and other
parties.

     During the three-month period ended March 31, 2002, the Company incurred
general and administrative expenses of $29,705 as compared to general and
administrative expenses of $183,227 incurred during the three-month period ended
March 31, 2001. General and administrative expenses decreased by approximately
$153,522 during the three-month period ended March 31, 2002. The decrease in
administrative expenses was due primarily 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.

     Of the $29,705 incurred as administrative expenses during the three-month
period ended March 31, 2002, a total of $28,100 was incurred payable to Investor
Communications International, Inc. ("ICI") and Amerocan Marketing, Inc.
("Amerocan") for amounts due and owing for operational management,
administrative, financial and investor relations services rendered. During the
three-month period ended March 31, 2002, net cash advances of $2,200 were made
by ICI to the Company, and the accrual of interest on outstanding advances was
$38,311. During the three-month period ended March 31, 2002, the Company paid a
total of $-0- to ICI and Amerocan towards an aggregate principal amount due of
$930,680 plus $240,586 in accrued interest. One of the Company's
officers/directors is employed by ICI and Amerocan and part of the management
team provided by ICI and Amerocan to the Company. During the three-month period
ended March 31, 2002, ICI and Amerocan paid an aggregate of $3,300 to the
director for services provided to the Company and its subsidiary.

     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

                                       11
<PAGE>


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 recognition of a smaller net loss during the
three-month period ended March 31, 2002 compared to the net loss incurred during
the three-month period ended March 31, 2001 is attributable primarily to the
decreased general and administrative expenses and professional fees incurred
during the three-month period ended March 31, 2002. The Company's net loss
during the three-month period ended March 31, 2002 was approximately ($77,078)
or ($0.00) per share compared to a net loss of approximately ($316,965) or
($0.00) per share during the three-month period ended March 31, 2001. The
weighted average number of shares outstanding were 77,140,600 for the
three-month period ended March 31, 2002 compared to 81,140,600 for the
three-month period ended March 31, 2001.

LIQUIDITY AND CAPITAL RESOURCES

     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. 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 operation.

     As of March 31, 2002, the Company's current assets were $37 and its current
liabilities were $2,323,865, which resulted in a working capital deficit of
$2,323,828. As of the three-month period ended Marcy 31, 2002, the Company's
total assets were $37 compared to total assets of $127 for fiscal year ended
December 31, 2001. This decrease in total assets from fiscal year ended 2001 was
due primarily to less cash. As of the three-month period ended March 31, 2002,
the Company's total liabilities were $2,323,865 compared to total liabilities of
$2,246,877 for fiscal year ended December 31, 2001. This slight increase in
liabilities from fiscal year ended 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 $1,530,335 and $400,236,
respectively.

                                       12
<PAGE>


     Stockholders' Deficit increased from ($2,246,750) for fiscal year ended
December 31, 2001 to ($2,323,828) for the three-month period ended March 31,
2002.

     The Company has not generated positive cash flows from operating
activities. For the three-month period ended March 31, 2002, net cash flows used
in operating activities was $90 compared to $305 of net cash flows used in
operating activities for the three-month period ended March 31, 2001 (a decrease
of $215). The net operating loss of $77,078 decreased during the three-month
period ended March 31, 2002 from a net operating loss of $316,965 during the
three-month period ended March 31, 2001. Changes in working capital assets and
liabilities decreased to an aggregate of $76,988 for the three-month period
ended March 31, 2002 from an aggregate of $316,512 for the three-month period
ended March 31, 2001.

     Cash flows from financing activities and cash flows from investing
activities were $-0- for both three-month periods ended March 31, 2002 and 2001,
respectively.

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.

                                       13
<PAGE>

PART II. OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS

     General

     Pursuant to certain settlement agreements, the Company, INGC and Geneva no
longer have any active or ongoing litigation, and settlement history is provided
below. See "Item 1. Legal Proceedings. Agreements Relating to Litigation".

     On September 27, 1999, Geneva and INGC, on behalf of the Company, initiated
legal proceedings against AuRIC and Dames & Moore by filing its complaint in the
District Court of the Third Judicial District for Salt Lake City, State of Utah,
for: (i) multiple breaches of contract relating to the Agreement for Services
and the License Agreement, respectively, including, but not limited to,
establishment and facilitation of the proprietary technology and fire assay
procedures developed by AuRIC at an independent assay lab and failure to deliver
the proprietary technology and procedures to the Company and Geneva; (ii) breach
of the implied covenant of good faith and fair dealing; (iii) negligent
misrepresentation; (iv) specific performance, (v) non-disclosure injunction;
(vi) failure by AuRIC to repay advances, and (vii) quantum meruit/unjust
enrichment. INGC, on behalf of the Company, also named Dames & Moore in the
legal proceeding in a declaratory relief cause of action (collectively, the
"Lawsuit").

     On October 8, 1999, Geneva and INGC, on behalf of the Company, amended its
complaint by naming as defendants AuRIC, Dames & Moore, Ahmet Altinay, General
Manager of AuRIC, and Richard Daniele, Chief Metallurgist for Dames & Moore and
specifying damages in excess of $10,000,000. The damages sought by Geneva and
INGC, on behalf of the Company, are based on the general claims and causes of
action set forth in the amended complaint relating to reliance on the assays and
representations made by AuRIC, the actions and engineering reports produced by
Dames & Moore and, specifically, the negligent misrepresentations and
inaccuracies contained within some or all of those Dames & Moore reports and
breaches of contract by AuRIC and Dames & Moore.

     On or about November 17, 1999, AuRIC, Dames & Moore, Richard Daniele and
Ahmet Altinay filed separate answers to the amended complaint, along with
counterclaims and a third party complaint against Geneva, INCG, the Company and
others for breach of contract against Geneva, INCG and others, defamation
against the Company, INCG, Geneva and others, injunctions against the Company,
INCG, Geneva and others, amongst other claims. In their defamation claim against
the Company, the plaintiffs sought damages and punitive damages in an amount to
be determined at trial, as well as attorney's fees and costs. In connection with
the cause of action for preliminary and permanent injunctions against the
Company, AuRIC and Ahmet Altinay sought attorney's fees and costs.

     On approximately June 14, 2000, Dames & Moore filed an action against the
Company, INGC and others in the District Court of the Fifth Judicial District of
the State of Idaho, in and for the County of Lincoln (the "Idaho Lawsuit"). In
the Idaho Lawsuit, Dames & Moore sought foreclosure of a lien against the
Company and/or INGC which purportedly arose in favor of Dames & Moore. At the
time, INGC had dropped the bulk of its mining claims, except for a small group
related to this litigation as the Company and INGC believed that the mining
claims contained no commercial quantities of gold or silver. Dames & Moore
sought to have the mining claims sold to compensate Dames & Moore for its
services, materials and equipment. Dames & Moore also sought its fees and costs
incurred in enforcing its claimed lien. The Company and INGC filed an answer on
or about August 8, 2000.

     On June 21, 2000, Geneva and INGC, on behalf of the Company, filed a second
amended complaint in the District Court of the Third Judicial District for Salt
Lake City, State of Utah. The second amended complaint increased detail
regarding the alleged breaches of contract and increased causes of action
against other parties involved by adding two new defendants, MBM Consulting,
Inc. and Dr. Michael B. Merhtens, who provided consulting services to the
Company. The amendment also added certain claims of other entities involved
through Geneva against the defendants. The proprietary technology formed the
basis of claims made by Geneva and INGC, on behalf of the Company, in the
complaints as filed with the District Court. Geneva and INGC, on behalf of the
Company, alleged that the proprietary technology does not exist and that Geneva
and INGC were fraudulently, recklessly and/or negligently deceived by AuRIC,
Dames & Moore, and other parties to the lawsuit.

                                       14
<PAGE>


     Geneva and INGC subsequently obtained an order from the District Court to
grant its Motion to Compel. The Order required that AuRIC and Dames & Moore
produce the proprietary technology for Geneva's and INGC's restricted use by its
legal counsel and industry experts. Geneva and INGC, on behalf of the Company,
obtained an expert opinion as to the absence of validity and or ineffectiveness
of the proprietary technology through industry respected specialists.

     On November 10, 2000, Geneva and INGC filed motions for partial summary
judgment against Dames & Moore and AuRIC. Subsequently, on March 19, 2001, the
motions for partial summary judgment were denied. The court, however, provided a
ninety-day period during which both parties were required to prepare for trial,
and after such period the court would set a date for trial. At a scheduling
conference held on July 31, 2001, the court set trial for a period of fifteen
days commencing October 16, 2001. The court date was subsequently changed to
October 26, 2001 pursuant to mutual consent of the parties in an attempt to
mediate the dispute. Such mediation was unsuccessful.

     Agreements Relating to Litigation

     The Company and Geneva entered into an assignment agreement dated May 9,
2000 (the "Assignment Agreement") that transferred and conveyed to Geneva the
potential claims and causes of action that the Company may have had under the
Sub-License Agreement with Geneva.

     On June 22, 2001, the Company, INGC, Geneva, Brent Pierce, MBM Consultants,
Inc. and Michael B. Mehrtens entered into a settlement agreement (the "Mehrtens
Settlement Agreement"). Pursuant to the terms of the Mehrtens Settlement
Agreement, the parties agreed to treat the contents of the Settlement Agreement
as strictly confidential and to not disclose such terms and provisions to
anyone.

     As the Company has not generated revenues and has no liquid assets to
commit to fund the significant estimated future expenses associated with ongoing
litigation, on June 28, 2001, Geneva, the Company, INGC, Tristar Financial
Services, Inc. ("Tristar") and Alexander Cox ("Cox") entered into a funds
sharing agreement (the "Funds Sharing Agreement"). Pursuant to the terms of the
Funds Sharing Agreement, (i) Tristar would fund the direct costs of the
litigation on a best efforts basis relating to the Lawsuit for the period from
April 1, 2001 to the date that the Lawsuit was settled; (ii) as consideration
therefore, Tristar would receive thirty percent (30%) of the gross proceeds
received by Geneva, the Company and INGC from any and all settlements relating
to the Lawsuit, plus the repayment of all payments and advances made by Tristar
(the "Tristar Payment"); and (iii) the Tristar Payment would be shared with Cox
in proportion of (a) the funds advanced and paid by Cox to Tristar for the
purpose of funding the costs of the litigation, (b) divided by the total amount
of funds advanced by and paid by Tristar, (c) times the amount of the Tristar
Payment. Cox is a shareholder of the Company and as of the date of this Annual
Report, holds an approximate 17.17% equity interest.

                                       15
<PAGE>


     On September 21, 2001, Geneva, the Company, INGC and other parties entered
into a settlement agreement with AuRIC and Ahmet Altinay (the "AuRIC Settlement
Agreement"). Pursuant to the terms of the AuRIC Settlement Agreement, the
parties agreed that: (i) significant additional expense and time would be
incurred to proceed with and resolve the Lawsuit and therefore desired to settle
the Lawsuit; (ii) AuRIC would pay $10,000.00; (iii) AuRIC would return three
promissory notes in the principal amounts of $250,000 marked cancelled payable
to AuRIC by the Company, Goldstate Corporation and Vega-Atlantic Corporation,
respectively; (iii) AuRIC would return all stock certificates received from the
Company, Goldstate Corporation and Vega-Atlantic Corporation, respectively; (iv)
the parties would execute and jointly file a motion to dismiss the parties'
respective claims and counterclaims in the Lawsuit; (v) the parties would
release one another from any and all claims and liabilities, whether known or
unknown, arising from or based upon the Lawsuit; and (vi) the Agreement for
Services, the License Agreement and the related Sub-License Agreement would be
deemed null, void and without further force or effect.

     On September 25, 2001, Geneva, the Company, INGC, and other parties entered
into a settlement agreement and release with Dames & Moore, et. al. (the "Dames
& Moore Settlement Agreement"). Pursuant to the terms of the Dames & Moore
Settlement Agreement, the parties agreed that: (i) solely to save the burden,
cost and expense of continued litigation, the Lawsuit and the Idaho Lawsuit
would be settled without any admission of liability by any party; (ii) the
parties would execute and jointly file a motion to dismiss the parties'
respective claims and counterclaims in the Lawsuit and the Idaho Lawsuit with
prejudice; (iii) the parties would release one another from any and all claims
and liabilities, whether known or unknown, arising from or based upon the
Lawsuit and the Idaho Lawsuit, including those arising from or related to the
Blackhawk projects, mining claims and property; (iv) each party would bear its
own respective attorneys' fees and costs incurred in connection with the
Lawsuit, the Idaho Lawsuit and the Dames & Moore Settlement Agreement; and (v)
Dames & Moore would pay $798,000.

     Results of Settlement

     Pursuant to the Assignment Agreement, the Company transferred and conveyed
to Geneva the potential claims and causes of action that the Company may have
had under the Sub-License Agreement with Geneva. The amount of damages to be
recovered by Geneva and INGC pursuant to the Dames & Moore Settlement Agreement
and the AuRIC Settlement Agreement were primarily used for payment of attorneys
fees, expert witness fees, and associated costs of litigation. The Company,
therefore, was not in a position to retain any portion of the cash settlement
damages.

     The Company and INGC had paid an aggregate of $938,805 in cash to AuRIC and
Dames & Moore for services before the litigation commenced. The Company and INGC
also owed a further $219,469 to Dames & Moore for disputed but unpaid services.
Prior to the litigation, (i) AuRIC received 2,500,000 shares of Common Stock
from the Company and a promissory note in the principal amount of $250,000, and
(ii) Geneva received 1,500,000 shares of Common Stock from the Company and a
promissory note in the principal amount of $250,000.

     As a result of the settlements, the Company has received: (i) the share
certificate issued to AuRIC representing 2,500,000 shares of Common Stock, which
has been cancelled and the shares returned to treasury; (ii) the share
certificate issued to Geneva representing 1,500,000 shares of Common Stock,
which has been cancelled and the shares returned to treasury; (iii) the
promissory note in the principal amount of $250,000 payable by INGC to Geneva,
which has been cancelled; and (iv) the promissory note in the principal amount
of $250,000 payable by INGC to AuRIC, which has been cancelled. As a result of
the settlements, the Company's financial statements for fiscal year ended
December 31, 2001 reflect a write-down of all outstanding accounts payable owed
to Dames & Moore and certain other parties.

                                       16
<PAGE>


     Geneva, the Company, INGC and other parties received an aggregate of
$808,000 in settlement proceeds. An aggregate of approximately $2,000,000 was
incurred as legal fees and associated costs relating to the litigation. Of the
$808,000 in settlement proceeds, $345,000 was paid for outstanding amounts due
and owing to legal counsel relating to the litigation, $10,000 was paid to GDSA,
and the remaining $453,000 was paid to Tristar to provide a partial recovery in
excess of $900,000 paid by Tristar pursuant to the provisions of the Funds
Sharing Agreement.

     At the time the respective settlement agreements were entered into,
management of the Company estimated that future additional costs to continue to
proceed with litigation through the trial stage could have been approximately
$1,000,000, with no guarantee of success. Management further believed that if
the litigation proceeded to trial, any positive future monetary award in favor
of the Company and INGC could have been subjected to a lengthy appeals process
and further legal costs. While Dames & Moore, currently a subsidiary of URS
Corporation, has approximately $2 billion in annual revenues representing a
formidable resource for future legal expenses, the Company has not generated
revenues and has no liquid assets to commit to such significant estimated future
expenses associated with ongoing litigation. Management of the Company believes,
therefore, that settlement of the litigation and execution of the respective
settlement agreements was in the best interests of the Company and its
shareholders.

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

     No report required.


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: May 13, 2002                          By: /s/ Gary Powers
                                             ---------------------------
                                             Gary Powers, President



Dated: November 13, 2001                     By: /s/ Grant Atkins
                                             ----------------------------
                                             Grant Atkins, Secretary


                                       17