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UNITED STATES SECURITIES AND EXCHANGE COMMISSION  
Washington, DC 20549

FORM 10QSB



|[X] | Quarterly Report Pursuant to Section 13 or 15(d) of the Securities  Exchange Act of 1934
|--- | ----------------------------------------------------------------------------------------
|    | FOR THE QUARTERLY PERIOD ENDED DECEMBER 31, 2001                                        
|    | OR                                                                                      
|[ ] | 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 333-94835

ANCONA MINING CORPORATION(Exact name of registrant as specified in its charter)



|NEVADA                            | 88-0436055                  
|--------------------------------- | ----------------------------
|(State of other jurisdiction      | (IRS Employer Identification
|of incorporation or organization) | Number)                     

1040 West Georgia 
Suite 1160 
Vancouver, British Columbia 
Canada V6E 4H1

(Address of principal executive offices)

(604) 605-0885 (Registrant's telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 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 [ ]

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of December 31, 2001: 6,062,200

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PART I.

ITEM 1. - Financial Statements



|ANCONA MINING CORPORATION
(AN EXPLORATION STAGE ENTERPRISE)
BALANCE SHEETS
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|ASSETS                                                                    
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|LIABILITIES AND STOCKHOLDERS' EQUITY                                      
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See notes to interim financial statements

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ANCONA MINING CORPORATION
(AN EXPLORATION STAGE ENTERPRISE)
STATEMENTS OF OPERATIONS



|                                                                              |                                           |                | Three Months Ended December 31, |       |                  | Six Months Ended December 31, |       |                  | From
September 7,
1999
(Inception)
to
December 31,
2001
(Unaudited)
|----------------------------------------------------------------------------- | ----------------------------------------- | -------------- | ------------------------------- | ----- | ---------------- | ----------------------------- | ----- | ---------------- | -------------------------------------------------------------------
|2001
(Unaudited)                                                              |                                           |                | 2000
(Unaudited)                |       | 2001
(Unaudited) |                               |       | 2000
(Unaudited) |                                                                    
|REVENUES                                                                      |                                           | $              | -                               |       | $                | -                             |       | $                | -                                                                  
|EXPENSES                                                                      |                                           |                |                                 |       |                  |                               |       |                  |                                                                    
|                                                                              | Consulting services provided by directors |                |                                 | -     |                  |                               | -     |                  |                                                                    
|                                                                              | Professional fees                         |                |                                 | 2,840 |                  |                               | 3,100 |                  |                                                                    
|                                                                              | Rent                                      |                |                                 | 845   |                  |                               | -     |                  |                                                                    
|                                                                              | General and administrative                |                |                                 | 2,993 |                  |                               | 40    |                  |                                                                    
|                                                                              | Stock transfer fees                       |                |                                 | -     |                  |                               | -     |                  |                                                                    
|                                                                              | Depreciation expense                      |                |                                 | 126   |                  |                               | -     |                  |                                                                    
|                                                                              | Mining exploration                        |                |                                 | 289   |                  |                               | -     |                  |                                                                    
|                                                                              | Travel                                    |                |                                 | 596   |                  |                               | -     |                  |                                                                    
|                                                                              |                                           | TOTAL EXPENSES |                                 |       | 7,689            |                               |       | 3,140            |                                                                    
|LOSS FROM OPERATIONS                                                          |                                           |                | (7,689)                         |       |                  | (3,140)                       |       |                  | (29,031)                                                           
|INCOME TAXES                                                                  |                                           |                | -                               |       |                  | -                             |       |                  | -                                                                  
|NET LOSS                                                                      |                                           | $              | (7,689)============             |       | $                | (3,140) ============          |       | $                | (29,031) ============                                              
|NET LOSS PER COMMON SHARE,
BASIC AND DILUTED                                  |                                           | $              | nil============                 |       | $                | nil============               |       | $                | nil============                                                    
|WEIGHTED AVERAGE NUMBER OF
COMMON STOCK SHARES
OUTSTANDING, BASIC AND
DILUTED |                                           |                | 6,062,200============           |       |                  | 5,000,000============         |       |                  | 6,062,200============                                              



See notes to interim financial statements

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|ANCONA MINING CORPORATION
(AN EXPLORATION STAGE ENTERPRISE)
STATEMENT OF STOCKHOLDERS' EQUITY                      
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|Issuance of common stock for 
expenses, mining claims, and
in payment of advances at
approximately $0.055 per share
|Net Loss for period ended
June 30, 2000                                                                            
|Balance, June 30, 2000                                                                                             
|Issuance of common stock
at $0.10 per share                                                                        
|Net Loss for year ended
June 30, 2001                                                                              
|Balance, June 30, 2001                                                                                             
|Net Loss for the six months ended 
December 31, 2001                                                               
|Balance, December 31, 2001
(Unaudited)                                                                             







See notes to interim financial statements

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|ANCONA MINING CORPORATION
(AN EXPLORATION STAGE ENTERPRISE)
STATEMENTS OF CASH FLOWS
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|2001
(Unaudited)                                                                    
|CASH FLOWS FROM OPERATING ACTIVITIES                                                
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|Net cash used by operating activities                                               
|CASH FLOWS FROM INVESTING ACTIVITIES                                                
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|Net cash used by financing activities                                               
|CASH FLOWS FROM FINANCING ACTIVITIES                                                
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|Net cash provided by financing activities                                           
|Change in cash                                                                      
|Cash, beginning of period                                                           
|Cash, end of period                                                                 
|SUPPLEMENTAL DISCLOSURES:                                                           
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|NON-CASH INVESTMENT AND FINANCING ACTIVITIES:                                       
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See notes to interim financial statements

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ANCONA MINES LIMITED
(An Exploration Stage Company)
December 31, 2001

NOTES TO INTERIM FINANCIAL STATEMENTS

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1.   BASIS OF PRESENTATION

The foregoing unaudited interim financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-QSB and Regulation S-B as promulgated by the Securities and Exchange Commission.  Accordingly, these financial statements do not include all of the disclosures required by generally accepted accounting principles for complete financial  statements.   These unaudited interim financial statements should be read in conjunction with the audited financial statements for the year ended June 30, 2001.  In the opinion of management, the unaudited interim financial statements furnished herein include all adjustments, all of which are of a normal recurring  nature, necessary for a fair statement of the results for the interim period presented.

The preparation of financial statements in accordance with generally accepted accounting principles requires the use of estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities known to exist as of the date the financial statements are published, and the reported amounts of revenues and expenses during the reporting period.  Uncertainties with respect to such estimates and assumptions are inherent in the preparation of the Company's financial statements; accordingly, it is possible that the actual results could differ from these estimates and assumptions and could have a material effect on the reported amounts of the Company's financial position and results of operations.



Operating results for the three and six month periods ended December 31, 2001 are not necessarily indicative of the results that may be expected for the year ending June 30, 2002.



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

Financial Condition, Liquidity and Capital Resources

Since inception on September 7, 1999, the Company has been engaged in exploration and acquisition of mineral properties. The Company's principal capital resources have been acquired through issuance of common stock and from shareholder loans.

At December 31, 2001, there was positive working capital of $14,388 compared to  $43,170 at June, 2001.  This change is primarily the result of increased activity of the Company resulting in expenses in all major categories.

At December 31, 2001, the Company's total assets of $20,922 consisted of mainly cash, mining claims and office equipment, which compares with the Company's assets at June 30, 2001 of $81,019, which were constituted mainly by cash.

At December 31, 2001, the Company's total liabilities were $1,324 versus $32,390 at June 30, 2001, primarily reflecting the payment of most bills and accounts payable.

The Company has not had revenues from inception. Although there is insufficient capital to fully explore and develop its mineral properties, the Company expects to survive and exploit its resources primarily with funding from sales of its securities and, as necessary, from shareholder loans.

The Company has no long-term debt and does not regard long-term borrowing as a good, prospective source of financing.

Results of Operations



The Company posted losses of $29,031 for the six months ending December 31, 2001. The principal components of the loss were travel, professional expenses, administrative expenses and exploration expenses.



Operating expenses for the six months ending December 31, 2001 were $29,031, up from $8,301 in the same period of the prior year.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized on this 6th   day of February, 2002.

ANCONA MINING CORPORATION
(Registrant)

By:	/s/ Hugh Grenfal