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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 SEPTMBER 30, 2001
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|    | 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 000-33191

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



|Nevada                                                         | 88-0436055                          
|-------------------------------------------------------------- | ------------------------------------
|(State of other jurisdiction
of incorporation or organization) | (IRS Employer Identification 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 September 30, 2001: 6,062,200

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|ANCONA MINING CORPORATION
(AN EXPLORATION STAGE ENTERPRISE)
BALANCE SHEETS
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|ASSETS                                                                    
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|LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)                            
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See Notes to Interim Financial Statements

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Ancona Mining Corporation
(An Exploration Stage Enterprise)
Statements of Operations

|                                                                              |                                           | For the Three Months Ended September 30, 2001 (Unaudited) |                    |                    | For the Three Months Ended September 30, 2000 |                     |                  | From September 7, 1999 (Inception) to September 30, 2001 (Unaudited)
|----------------------------------------------------------------------------- | ----------------------------------------- | --------------------------------------------------------- | ------------------ | ------------------ | --------------------------------------------- | ------------------- | ---------------- | --------------------------------------------------------------------
|REVENUES                                                                      |                                           | $                                                         | -  -------------   |                    | $                                             | -  -------------    |                  | $                                                                   
|EXPENSES                                                                      |                                           |                                                           |                    |                    |                                               |                     |                  |                                                                     
|                                                                              | Consulting services provided by directors |                                                           |                    | -                  |                                               |                     | -                |                                                                     
|                                                                              | Professional fees                         |                                                           |                    | 5,750              |                                               |                     | 3,512            |                                                                     
|                                                                              | Rent                                      |                                                           |                    | 1,026              |                                               |                     | 1,209            |                                                                     
|                                                                              | General and administrative                |                                                           |                    | 3,271              |                                               |                     | 440              |                                                                     
|                                                                              | Stock transfer fees                       |                                                           |                    | 25                 |                                               |                     | -                |                                                                     
|                                                                              | Depreciation expense                      |                                                           |                    | 123                |                                               |                     | -                |                                                                     
|                                                                              | Mining exploration                        |                                                           |                    | 3,250              |                                               |                     | -                |                                                                     
|                                                                              | Travel                                    |                                                           |                    | 7,898------------- |                                               |                     | -  ------------- |                                                                     
|                                                                              |                                           | TOTAL EXPENSES                                            |                    |                    | 21,343 -------------                          |                     |                  | 5,161-------------                                                  
|LOSS FROM OPERATIONS                                                          |                                           |                                                           | (21,343)           |                    |                                               | (5,161)             |                  |                                                                     
|INCOME TAXES                                                                  |                                           |                                                           | -  -------------   |                    |                                               | -   -------------   |                  |                                                                     
|NET LOSS                                                                      |                                           | $                                                         | (21,343) ========= |                    | $                                             | (5,161) =========   |                  | $                                                                   
|NET LOSS PER COMMON SHARE,
BASIC AND DILUTED                                  |                                           | $                                                         | nil=========       |                    | $                                             | nil =========       |                  | $                                                                   
|WEIGHTED AVERAGE NUMBER OF COMMON STOCK SHARES OUTSTANDING, BASIC AND DILUTED |                                           |                                                           | 6,062,200========= |                    |                                               | 5,000,000 ========= |                  |                                                                     

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
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|Loss for period ended June 30, 2000                                                                               
|Balance, June 30, 2000                                                                                            
|Issuance of common stock at $0.10 per share                                                                       
|Loss for year ended June 30, 2001                                                                                 
|Balance, June 30, 2001                                                                                            
|Loss for the three months ended September 30, 2001                                                                
|Balance, September 30, 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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|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 MINING CORPORATION
(An Exploration Stage Company)
September 30, 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 period 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  that could have a material  effect on the  reported amounts of the Company's financial position and results of operations.



Operating  results for the three-month period ended September 30, 2001 are not necessarily  indicative of the results that may be expected for the year ending June 30, 2002.

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MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
CONDITION AND RESULTS 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 September 30, 2001, we had a positive working capital of $21,950 compared to deficit working capital of $(27,738) at September 30, 2000.  This change is primarily the result of the company's stock issuance proceeds of $106,220, more than offsetting increasing accounts payable and payment of related party loans.



At September 30, 2001, our Company's total assets of $34,665 consist of mainly cash, mining claims and office equipment.  This compares with our Company's assets at September 30, 2000 of $3,072, which consisted of cash and mining claims.



At September 30, 2001, the Company's total liabilities decreased to $7,379, from $27,755 at September 30, 2000, primarily reflecting a net payment to related party loans of    $21,418.



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 $21,343 for the three months ending September 30, 2001. The principal components of the loss were professional expenses and travel.



Operating expenses for the three months ending September 30, 2001 were $21,343 up $16,182 from the three months ending September 30, 2000.

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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 November, 2001

ANCONA MINING CORPORATION 
(Registrant)

By:/s/ Hugh Grenfal
Hugh Grenfal, President, Treasurer, Chief Financial Officer a member of the Board of Directors

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