<SEQUENCE>1
<FILENAME>anag0903.txt
QUARTERLY REPORT ON FORM 10QSB FOR THE QUARTER ENDED SEPTEMBER 30,
2003

            UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                         Washington, D.C.  20549

                               FORM 10-QSB

[X]  QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
OF 1934

     For the Quarterly Period Ended September 30, 2003

[ ]  TRANSITION REPORT UNDER 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 small business issuer as specified in its charter)

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


                    1040 West Georgia Street, suite 1160
	               Vancouver, BC Canada V6E 4H1
                -------------------------------------------
                  (Address of principal executive offices)

               Issuer's telephone number:  604-605-0885



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 issuer was required to file such reports),
and (2) has been subject to such filing requirements for the past 90 days.
	Yes [X]  No [ ]

As of November 14, 2003 the Company had 30,311,000 shares of common stock
issued and outstanding.

Transitional Small Business Disclosure Format:  Yes [ ]  No [X]

Documents incorporated by reference:  None.





                          ANCONA MINING CORPORATION.

                                  INDEX


PART I.   FINANCIAL INFORMATION

     Item 1.  Financial Statements




                         ANCONA MINING CORP.
                  (A Development Stage Company)

                         BALANCE SHEET
                September 30, 2003 and June 30, 2003
                          (unaudited)


                                             	September 30,  June 30,
                                                 2003          2003
                                                (unaudited)   (audited)
ASSETS
CURRENT ASSETS

     Cash                                    	   722        1,362
     Deposits                                      411          411
____________________________________________________________________
          Total Current Assets			  1,133       1,773

Property and Equipment (Note 4)                   1,294       1,417

Mineral Properties                                1,312       1,312
___________________________________________________________________

Total Assets                                      3,739       4,502


LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
     Accounts payable                             2,236       2,711
     Accrued Liabilities                          8,710       8,110
     Advances from related party (Note 5(b))      4,535       4,535
___________________________________________________________________

Total Liabilities                                15,381      15,356


STOCKHOLDERS' Equity

     Common stock
        100,000,000 shares authorized at
	$0.00001 par value;
        30,311,000 shares issued and outstanding     303       303
     Capital in excess of par value              380,917   380,917
__________________________________________________________________
                                                 381,220   381,220

     Deficit accumulated during development
	stage                			(392,962) (392,074)
____________________________________________________________________

     Total Stockholders' Equity                  (11,742)  (10,854)
____________________________________________________________________

     Total Liabilities and Stockholders' Equity    3,739     4,502



The accompanying notes are an integral part of these financial statements.



                       ANCONA MINING CORP.
                  (A Development Stage Company)

                    STATEMENTS OF OPERATIONS

      For the Three Months Ended September 30, 2003, and 2002,
and for the Period from September 7, 1999 (date of inception) to September 30,
2003
                           (Unaudited)

                             Sept 30,            Sept 30        Sept 7, 1999
                               2003               2002               to
					                     Sept 30, 2003
                         (unaudited)        (unaudited)         (unaudited)



REVENUES                       $       -           $  -               $  -

EXPENSES
   Amortization                     123               123                 1,171
   Consulting                        -                 -                271,536
   General and admin.                15               349                21,545
   Mining exploration                -                 -                  4,226
   Professional fees                725             5,275                72,837
   Rent                              -                 -                  6,839
   Transfer Agent and filing         25                25                 4,130
   Travel                            -                 -                    -

NET LOSS                          $(888)           (5,772)
$(382,234)



NET LOSS PER COMMON
  SHARE

     Basic                        $    -             $    -            $



AVERAGE OUTSTANDING SHARES

     Basic                     30,311,000        6,062,000


The accompanying notes are an integral part of these financial statements.



                       ANCONA MINING CORP.
                  (Development Stage Company)

                    STATEMENT OF CASH FLOWS
      For the Three Months Ended September 30, 2003, and 2002,
                           (Unaudited)

                                       September 30,
                                     2003        2002
                                     (u n a u d i t e d)
CASH FLOWS FROM
 OPERATING ACTIVITIES

  Net profit (loss)                 $(888)  	(5,772)

  Adjustments to reconcile net
  loss to net cash

     Amortization                     123          123

  Changes in non-cash working
     capital items

     Increase in accounts payable
     and accrued liabilities          125        4,084
____________________________________________________________

Net Cash used in Operations          (640)      (1,565)

CASH FLOWS FROM INVESTING
    ACTIVITIES                        -             -

CASH FLOWS FROM  FINANCING
    ACTIVITIES


Net Change in Cash                   (640)      (1,565)

Cash at Beginning of Period         1,362  	 3,308
____________________________________________________________

Cash at End of Period                 722    	 1,743

Supplemental Disclosures



 The accompanying notes are an integral part of these financial statements.


1.	Exploration Stage Company

The Company was incorporated in the State of Nevada on September 7, 1999. In
September 1999 the Company purchased three mineral claims representing forty-
four units, situated in the Greenwood Mining Division in the Province of
British Columbia, Canada.

The Company's principal business plan is to acquire, explore and develop
mineral properties and to ultimately seek earnings by exploiting any available
from the mineral claims.
The Company has been in the exploration stage since its formation in September
1999 and has not yet realized any revenues from its planned operations. It is
primarily engaged in the acquisition, exploration and development of mining
properties. Upon location of a reserve with commercial potential, the Company
expects to actively prepare the site for its extraction and enter a development
stage. At present, management devotes most of its activities to raise
sufficient funds to further explore and develop its mineral properties. Planned
principal activities have not yet begun. The ability of the Company to emerge
from the exploration stage with respect to any planned principal business
activity is dependent upon its successful efforts to raise additional equity
financing and/or attain profitable mining operations. Management has plans to
seek additional capital through a private placement and public offering of its
common stock. There is no guarantee that the Company will be able to complete
any of the above objectives. These factors raise substantial doubt regarding
the Company's ability to continue as a going concern.

At September 30, 2003, the Company had a working capital deficit of $14,348 and
an accumulated deficit of $392,962. The Company expects to fund itself in the
next twelve months by sales of shares.

The Company filed an SB-2 Registration Statement with the United States
Securities and Exchange Commission which has been declared effective and was
completed.



2.	Summary of Significant Accounting Principles

a)	Year End

The Company's year end is June 30.

b)	Basis of Accounting

These financial statements are prepared in conformity with accounting
principles generally accepted in the United States and are presented in US
dollars.

c)	Use of Estimates

The preparation of financial statements in conformity with U.S. 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
reporting period. Actual results could differ from those estimates.

d)	Cash and Cash Equivalents

The Company considers all highly liquid instruments with a maturity of three
months or less at the time of issuance to be cash equivalents.

e)	Long-Lived Assets

SFAS No. 144, "Accounting for the Impairment or Disposal of Long-Lived Assets"
establishes a single accounting model for long-lived assets to be disposed of
by sale including discontinued operations. SFAS 144 requires that these long-
lived assets be measured at the lower of the carrying amount or fair value less
cost to sell, whether reported in continuing operations or discontinued
operations.


2.	Summary of Significant Accounting Principles (continued)

   f)	Property and Equipment

Property and equipment is stated at cost. Amortization is computed using the
straight-line method over five years.

g)	Foreign Currency Transactions/Balances

The Company's functional currency is the United States dollar. Occasional
transactions occur in Canadian currency, and management has adopted SFAS No.
52, "Foreign Currency Translation". Monetary assets and liabilities denominated
in foreign currencies are translated into United States dollars at rates of
exchange in effect at the balance sheet date. Gains or losses are included in
income for the years, except gains or losses relating to long-term debt, which
are deferred and amortized over the remaining term of the debt. Non-monetary
assets, liabilities and items recorded in income arising from transactions
denominated in foreign currencies are translated at rates of exchange in effect
at the date of the transaction.

h)	Exploration and Development Costs

The Company has been in the exploration stage since its formation in September
1999 and has not yet realized any revenues from its planned operations. It is
primarily engaged in the acquisition, exploration and development of mining
properties. Mineral exploration costs are expensed as incurred. When it has
been determined that a mineral property can be economically developed as a
result of establishing proven and probable reserves, the costs incurred to
develop such property, are capitalized. Such costs will be amortized using the
units-of-production method over the estimated life of the probable reserve.
Payments related to the acquisition of the land and mineral rights are
capitalized as incurred.

i)	Basic and Diluted Net Income (Loss) Per Share

The Company computes net income (loss) per share in accordance with SFAS No.
128, "Earnings per Share" (SFAS 128). SFAS 128 requires presentation of both
basic and diluted earnings per share (EPS) on the face of the income statement.
Basic EPS is computed by dividing net income (loss) available to common
shareholders (numerator) by the weighted average number of shares outstanding
(denominator) during the period. Diluted EPS gives effect to all dilutive
potential common shares outstanding during the period including stock options,
using the treasury stock method, and convertible preferred stock, using the if-
converted method. In computing Diluted EPS, the average stock price for the
period is used in determining the number of shares assumed to be purchased from
the exercise of stock options or warrants. Diluted EPS excludes all dilutive
potential shares if their effect is anti dilutive.

j)	Financial Instruments

The carrying value of cash, accounts payable, accrued liabilities, and advances
from related party approximate fair value due to the relatively short maturity
of these instruments.

k)	Concentration of Risk

The Company maintains its cash accounts in primarily one commercial bank in
Vancouver, British Columbia, Canada. The Company's cash account is an uninsured
business checking account maintained in U.S. dollars, which totalled $722 on
September 30, 2003. At September 30, 2003 the Company has not engaged in any
transactions that would be considered derivative instruments on hedging
activities.

l)	Comprehensive Loss

SFAS No. 130, "Reporting Comprehensive Income," establishes standards for the
reporting and display of comprehensive loss and its components in the financial
statements. As at September 30, 2003 and 2002, the Company has no items that
represent comprehensive loss and, therefore, has not included a schedule of
comprehensive loss in the financial statements.


2.	Summary of Significant Accounting Principles (continued)

m)	Recent Accounting Pronouncements

In May 2003, the FASB issued SFAS No. 150, "Accounting for Certain Financial
Instruments with Characteristics of both Liabilities and Equity". SFAS No. 150
establishes standards for how an issuer classifies and measures certain
financial instruments with characteristics of both liabilities and equity. It
requires that an issuer classify a financial instrument that is within its
scope as a liability (or an asset in some circumstances). The requirements of
SFAS No. 150 apply to issuers' classification and measurement of freestanding
financial instruments, including those that comprise more than one option or
forward contract. SFAS No. 150 does not apply to features that are embedded in
a financial instrument that is not a derivative in its entirety. SFAS No. 150
is effective for financial instruments entered into or modified after May 31,
2003, and otherwise is effective at the beginning of the first interim period
beginning after June 15, 2003, except for mandatory redeemable financial
instruments of non-public entities. It is to be implemented by reporting the
cumulative effect of a change in an accounting principle for financial
instruments created before the issuance date of SFAS No. 150 and still existing
at the beginning of the interim period of adoption. Restatement is not
permitted. The adoption of this standard is not expected to have a material
effect on the Company's results of operations or financial position.

In December 2002, the FASB issued SFAS No. 148, "Accounting for Stock-Based
Compensation - Transition and Disclosure", which amends SFAS No. 123 to provide
alternative methods of transition for a voluntary change to the fair value
based method of accounting for stock-based employee compensation. In addition,
SFAS No. 148 expands the disclosure requirements of SFAS No. 123 to require
more prominent disclosures in both annual and interim financial statements
about the method of accounting for stock-based employee compensation and the
effect of the method used on reported results. The transition provisions of
SFAS No. 148 are effective for fiscal years ended after December 15, 2002. The
disclosure provisions of SFAS No. 148 are effective for financial statements
for interim periods beginning after December 15, 2002. The transition
provisions do not currently have an impact on the Company's financial position
and results of operations as the Company currently has no stock-based employee
compensation.

In June, 2002, FASB issued SFAS No. 146, "Accounting for Costs Associated with
Exit or Disposal Activities". The provisions of this Statement are effective
for exit or disposal activities that are initiated after December 31, 2002,
with early application encouraged. This Statement addresses financial
accounting and reporting for costs associated with exit or disposal activities
and nullifies Emerging Issues Task Force (EITF) Issue No. 94-3, "Liability
Recognition for Certain Employee Termination Benefits and Other Costs to Exit
an Activity (including Certain Costs Incurred in a Restructuring)". This
Statement requires that a liability for a cost associated with an exit or
disposal activity be recognized when the liability is incurred. The Company
adopted SFAS No. 146 on January 1, 2003. The effect of adoption of this
standard on the Company's results of operations and financial position was not
material.

FASB has also issued SFAS No. 145, 147 and 149 but they will not have any
relationship to the operations of the Company therefore a description of each
and their respective impact on the Company's operations have not been
disclosed.

n)	Reclassifications

Certain amounts in the prior period financial statements have been reclassified
to conform to the current year presentation.

o)	Interim Financial Statements

These interim unaudited financial statements have been prepared on the same
basis as the annual financial statements and in the opinion of management,
reflect all adjustments, which include only normal recurring adjustments,
necessary to present fairly the Company's financial position, results of
operations and cash flows for the periods shown. The results of operations for
such periods are not necessarily indicative of the results expected for a full
year or for any future period.

3.	Mineral Properties

In September 1999, the Company, through its President and a member of the board
of directors, acquired 100% of the rights, titles and interests in three mining
claims (Marmot, Wombat and AMAX) representing forty-four units in the Greenwood
Mining Division of British Columbia. The President conveyed title to the claims
via an unrecorded deed. During the year the Wombat claims were allowed to
lapse. The Company received Portable Assessment Credits (PAC) from a related
company in exchange for the AMAX mining claim. The PAC was used to extend the
validity of the Marmot claims, which represents fifteen units, until May 12,
2004.



4.	Property and Equipment
					     Sep 30, 2003  Jun 30,2003
				Accumulated  Net Carrying  Net Carrying
			Cost$   Amortization    Value         Value

Office furniture	2,466	  1,172		1,294	      1,417



5.	Related Party Transactions/Balances

a)	The Company occupies office space provided by Mr. Grenfal, its President,
in his capacity as vice president and director of Callinan Mines Limited.
Monthly rental is determined by usage. While Mr. Grenfal is no longer
affiliated with Callinan Mines, the Company expects that the office rental
arrangement will continue for at least the next year.

b)	The amount due to the President of the Company is non-interest bearing,
unsecured and due on demand.




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

Cautionary Statement Pursuant to Safe Harbor Provisions of the Private
Securities Litigation Reform Act of 1995:

This Quarterly Report on Form 10-QSB for the quarterly period ended September
30,
2003 contains "forward-looking" statements within the meaning of Section 27A
of the Securities Act of 1933, as amended, including statements that include
the words "believes", "expects", "anticipates", or similar expressions.  These
forward-looking statements may include, among others, statements of
expectations, beliefs, future plans and strategies, anticipated events or
trends, and similar expressions concerning matters that are not historical
facts.

The forward-looking statements in this Quarterly Report on Form 10-QSB
for the quarterly period ended September 30, 2003 involve known and unknown
risks,uncertainties and other factors that could the cause actual results,
performance or achievements of the Company to differ materially from those
expressed in or implied by the forward-looking statements contained herein.


Overview:


The Company was incorporated in the State of Nevada on September 7, 1999. In
September 1999 the Company purchased three mineral claims representing
forty-four units, situated in the Greenwood Mining Division in the Province of
British Columbia, Canada.

The Company's principal business plan is to acquire, explore and develop
mineral properties and to ultimately seek earnings by exploiting any available
from the mineral claims. The Company has been in the exploration stage since
its formation in September 1999 and has not yet realized any revenues from
its planned operations. It is primarily engaged in the acquisition,
exploration and development of mining properties. Upon location of a
commercial minable reserve, the Company expects to actively prepare the site
for its extraction and enter a development stage.

At present, management devotes most of its activities to raise sufficient
funds to further explore and develop its mineral properties and to maintain
the corporate entity. Planned principal activities have not yet begun. The
ability of the Company to emerge from the exploration stage with respect to
any planned principal business activity is dependent upon its successful
efforts to raise additional equity financing and/or attain profitable mining
operations. Management hopes to seek additional capital through a private
placement and public offering of its common stock. There is no guarantee
that the Company will be able to complete any of the above objectives.
These factors raise substantial doubt regarding the Company's ability to
continue as a going concern.


Planned principal activities have not yet begun due to shortage of funds. The
ability of the Company to emerge from the exploration stage with respect to
any planned principal business activity is dependent upon its successful
efforts to raise additional equity financing and/or attain profitable
mining operations.


Plan of Operation

In the next twelve months, the Company does not expect any significant changes
in the number of employees and does not expect the purchase or sale of plant or
significant equipment, due to the present shortage of working capital. We also
have no plan for research and development for any property or product other
than our mineral claims. See below for development information on the Amax,
Marmot and Wombat claims.

At September 30, 2003, the Company had a working capital deficit of $14,348. A
minimum of $3,000 per quarter is needed to cover expenses. Thus in the next
year the Company will require $26,348 to cover both new expenses and the
current working capital deficit. This amount would operate the Company but
leave little or nothing for exploration. The Company expects to fund itself in
the next twelve months by sales of shares.

Our Proposed Exploration Program

We must conduct exploration to determine what amount of minerals, if any, exist
on our properties and if any minerals which are found can be economically
extracted and profitably processed.

Our exploration program is designed to economically explore and evaluate our
properties.

We do not claim to have any ores or reserves whatsoever at this time on any of
our properties.

We intend to implement an exploration program and intend to proceed in the
following three phases:

Phase 1 will begin with research of the available geologic literature, personal
interviews with geologists, mining engineers and others familiar with the
prospect sites. We have recently begun this phase of the exploration process on
our properties.

When the research is completed, our initial work will be augmented with mapping
and testing the subsurface of our claims. When available, existing workings,
such as trenches, prospect pits, shafts or tunnels will be examined. If an
apparent mineralized zone is identified and narrowed down to a specific area by
the studies, we will to begin trenching the area. Trenches are generally
approximately 150 ft. in length and 10-20 ft. wide.

These dimensions allow for a thorough examination of the surface of the vein
structure types generally encountered in the area. They also allow for
efficient restoration of the property as a result of our exploration.

Once excavation of a trench is completed we will take samples and analyze them
for economically potential minerals that are known to have occurred in the
area. Careful interpretation of this available data collected from the various
tests aid in determining whether or not the prospect has current economic
potential and whether further exploration is warranted.

Phase 1 will take about 3 months and cost about $20,000.

Phase 2 involves an initial examination of the underground characteristics of
the vein structure that was identified by Phase 1 of exploration. Phase 2 is
aimed at identifying any mineral deposits of potential economic importance. The
methods employed are:

 *  more extensive trenching
 *  more advanced geophysical work
 *  drift driving


Drift driving is the process of constructing a tunnel to take samples of
mineralized material for testing. Later, the tunnel can be used for extraction
of the mineralized material. The geophysical work gives a general understanding
of the location and extent of mineralization at depths that are unreachable by
surface excavations and provides a target for more extensive trenching and core
drilling. Trenching identifies the continuity and extent of mineralization, if
any, below the surface. After a thorough analysis of the data collected in
Phase 2, we will decide if the property warrants a Phase 3 study.

Phase 2 will take about 3 months and cost about $20,000.

Phase 3 is aimed at outlining some mineralized material and a tonnage and
establishing an average grade of mineralized material. This is accomplished
through extensive drift driving. Mineralized material is not a reserve until a
comprehensive evaluation based upon unit cost, grade, recoveries, and other
material factors concludes legal and economic feasibility. Mineralized material
is a mineralized body that has been delineated by appropriately spaced drilling
and/or underground sampling to support a sufficient tonnage and average grade
of metals. Such a deposit does not qualify as a reserve, until a comprehensive
evaluation based upon unit cost, grade, recoveries, and other material factors
conclude legal and economic feasibility.

Phase 3 will take about 6 months and cost about $80,000.

We do not intend to interest other companies in the property if we find
mineralized materials. We intend to try to develop the reserves ourselves.

If mineralized material is found on our property and removal is warranted, and
we do not have adequate cash to do so, we will have to sell additional shares
of common stock or borrow money to finance the cost of removing the mineralized
material. At the present time we do not know if we will need additional money
to remove the mineralized material from the property, if warranted. There is no
assurance that we will have the funds to remove the mineralized material from
the property if warranted and there is no assurance we will be able to raise
additional money through the sale of additional shares of common stock or
through loans.





ITEM 3.  CONTROLS AND PROCEDURES

(a) Evaluation of Disclosure Controls and Procedures

Disclosure controls and procedures are designed to ensure that information
required to be disclosed in the reports filed or submitted under the Exchange
Act of 1934 is recorded, processed, summarized and reported, within the time
periods specified in the rules and forms of the Securities and Exchange
Commission.  Disclosure controls and procedures include, without limitation,
controls and procedures designed to ensure that information required to be
disclosed in the reports filed under the Exchange Act of 1934 is
accumulated and communicated to the Company's management, including its
principal executive and financial officers, as appropriate, to allow timely
decisions regarding required disclosure.

The Company carried out an evaluation, under the supervision and with the
participation of the Company's management, including its principal executive
and financial officer, of the effectiveness of the design and operation of the
Company's disclosure controls and procedures as of the end of the fiscal
quarter.  Based upon and as of the date of that evaluation, the Company's
principal executive and financial officer concluded that the Company's
disclosure controls and procedures are effective to ensure that information
required to be disclosed in the reports the Company files and submits under
the Exchange Act of 1934 is recorded, processed, summarized and reported as
and when required.

(b) Changes in Internal Controls

There were no changes in the Company's internal controls or in other factors
that could have significantly affected those controls subsequent to the date
of the Company's most recent evaluation.



                       PART II.  OTHER INFORMATION


ITEM 1.  LEGAL PROCEEDINGS

None




ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

None



                               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.


                                                   ANCONA MINING CORPORATION.
                                                   ---------------
                                                     (Registrant)



Date:  November 13, 2003                      By:  _________________________
                                                   Hugh Grenfal
                                                   President, Treasurer,
Principal
						   Accounting Officer and a member
						   of the Board Of Directors




                            INDEX TO EXHIBITS


Exhibit
Number     Description of Document
------     -----------------------

 31        Certification pursuant to Section 302 of the Sarbanes-Oxley Act of
           2002

 32        Certification pursuant to Section 906 of the Sarbanes-Oxley Act of
           2002