UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                               AMENDED FORM 10-QSB


( X )    QUARTERLY  REPORT  PURSUANT  TO  SECTION  13 OR 15(D) OF THE  SECURITES
         EXCHANGE ACT OF 1934

For the quarterly period ended              September 30, 2000
                               -------------------------------------------------

(   )    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                      0-26709
                       -------------------------------------------


                           THE ZEBALLOS MINING COMPANY

           ----------------------------------------------------------
               (Exact name of registrant as specified in charter)


             Nevada                                               98-0201259
------------------------------------                        --------------------
(State or other jurisdiction of                               (I.R.S. Employer
 incorporation or organization)                              Identification No.)


34 - 3387 King George Highway
      Surrey, BC, Canada                                           V4P 1B7
--------------------------------------------                 ------------------
(Address of principal executive offices)                          (Zip Code)


                                  604-538-5995
    ------------------------------------------------------------------------
               Registrant's telephone number, including area code


     ----------------------------------------------------------------------
      (Former name, address, and fiscal year, if changed since last report)

         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),  Yes [X] No [ ] and ( ) has been
subject to filing requirements for the past 90 days. Yes [X] No [ ]

                      APPLICABLE ONLY TO CORPORATE ISSUERS:

Indicate the number of shares  outstanding  of each of the  issuer's  classes of
common stock, as of the last practicable date.

                 Class                      Outstanding as of September 30, 2000
   ----------------------------------       ------------------------------------
    Common Stock, $0.001 per share                        11,075,400

<PAGE>

<TABLE>
<CAPTION>

<S>                                                                   <C>
ANDERSEN ANDERSEN & STRONG, L.C.                                      941 East 3300 South, Suite 202
CERTIFIED PUBLIC ACCOUNTANTS AND BUSINESS CONSULTANTS                   Salt Lake City, Utah 84106

                                                                           Telephone 801 486-0096
                                                                              Fax 801 486-0098
</TABLE>




REPORT ON REVIEW BY INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS


The Board of Directors
The Zeballos Mining Company

We have  prepared  the  balance  sheet  of The  Zeballos  Mining  Company,  Inc.
(Exploration  stage company) as of September 30, 2000 and December 31, 1999, the
related  statement of  operations  and the  statement of cash flows for the nine
months ended  September 30, 2000 and 1999 and the periods March 4, 1999 (date of
inception)  to  September  30,  2000.   These   financial   statements  are  the
responsibility of the company's management.

We conducted our review in accordance with standards established by the American
Institute  of  Certified  Public  Accountants.  A review  of  interim  financial
information consists principally of applying analytical  procedures to financial
data and making  inquiries of persons  responsible  for financial and accounting
matters. It is substantially less in scope than an audit conducted in accordance
with  generally  accepted  auditing  standards,  the  objective  of which is the
expression of an opinion  regarding the financial  statements  taken as a whole.
Accordingly, we do not express such an opinion.

Based on our review, we are not aware of any material  modifications that should
be made to the  accompanying  financial  statements for them to be in conformity
with generally accepted accounting principles.



                          Andersen Andersen and Strong


Salt Lake City, Utah
November 20, 2000


                                       2
<PAGE>

                                      INDEX

<TABLE>
<CAPTION>

                                                                                      PAGE
PART 1.                                                                             NUMBER
                                                                                    ------

<S>                                                                                  <C>
         ITEM 1.  Financial Statements ..............................................    4

                  Balance Sheet as at September 30, 2000 and December 31, 1999 ......    5

                  Statement of Operations
                     For the nine months ended  September 30, 2000, for
                     the nine months ended  September 30, 1999, for the
                     three months ended September 30, 2000, for
                           the three months ended September 30, 1999 and for
                           the period from March 4, 1999 (Date of
                              Incorporation) to September 30, 2000 ..................    6


                  Statement of Cash Flows
                      For  the nine months  ended  September  30, 2000,
                           for the nine months ended September 30, 1999
                           and for the period  From March 4, 1999 (Date
                           of Incorporation) to September 30, 2000...................    7

                  Notes to the Financial Statements .................................    8

         ITEM 2.  Plan of Operations ................................................   11


PART 11           Signatures.........................................................   12



                  Financial Data Schedule Worksheet .................................   13


                                       3
</TABLE>

<PAGE>

                         PART 1 - FINANCIAL INFORMATION

--------------------------------------------------------------------------------

                          ITEM 1. FINANCIAL STATEMENTS

--------------------------------------------------------------------------------

The  accompanying  balance sheet of The Zeballos  Mining Company (an exploration
stage  company) at September 30, 2000 and December 31, 1999 and the statement of
operations  and statement of cash flow for the three months ended  September 30,
2000,  for the three months ended  September 30, 1999, for the nine months ended
September  30, 2000,  for the nine months ended  September  30, 1999 and for the
period from March 4, 1999 (date of  incorporation)  to  September  30, 2000 have
been  prepared  by  the  Company's  management  and  they  do  not  include  all
information  and notes to the  financial  statements  necessary  for a  complete
presentation of the financial position,  results of operations,  cash flows, and
stockholders'   equity  in  conformity   with  generally   accepted   accounting
principles.  In the opinion of management,  all adjustments considered necessary
for a fair presentation of the results of operations and financial position have
been included and all such adjustments are of a normal recurring nature.

Operating  results for the quarter ended September 30, 2000, are not necessarily
indicative of the results that can be expected for the year ending  December 31,
2000.


                                       4

<PAGE>

                           THE ZEBALLOS MINING COMPANY
                           (EXPLORATION STAGE COMPANY)
                                  BALANCE SHEET

                    SEPTEMBER 30, 2000 AND DECEMBER 31, 1999

                      (UNAUDITED - PREPARED BY MANAGEMENT)

<TABLE>
<CAPTION>

                                                               2000              1999
                                                               ----              ----
<S>                                                          <C>                <C>
ASSETS

CURRENT ASSETS

         Cash                                                $    498           $    685
                                                             --------           --------
                  Total Current Assets                       $    498           $    685
                                                             --------           --------

OTHER ASSETS

         Mineral claims - Note 3                                   --                 --
                                                             --------           --------


                                                             $    498           $    685
                                                             ========           ========

LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES

         Account payable - related parties                   $ 10,800           $  6,000
         Accounts payable                                       4,068              2,250
                                                             --------           --------
                  Total Current Liabilities                    14,868              8,250
                                                             --------           --------

STOCKHOLDERS' EQUITY

         Common stock
                  200,000,000 shares authorized, at $0.001
                  par value, 11,075,400 shares issued and
                  outstanding                                  11,075             11,075

         Capital in excess of par value                        19,615             11,515

         Deficit accumulated during the exploration stage     (45,060)           (30,155)
                                                             --------           --------
                  Total Stockholders' Deficiency              (14,370             (7,565)
                                                             --------           --------

                                                             $    498           $    685
                                                             ========           ========
</TABLE>

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


                                       5

<PAGE>

                           THE ZEBALLOS MINING COMPANY
                           (EXPLORATION STAGE COMPANY)
                             STATEMENT OF OPERATIONS

            FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2000 AND 1999,
           FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2000 AND 1999 AND
                          FOR THE PERIOD MARCH 4, 1999
                    (DATE OF INCEPTION) TO SEPTEMBER 30, 2000

                      (UNAUDITED - PREPARED BY MANAGEMENT)
<TABLE>
<CAPTION>
                                  THREE          THREE
                                  MONTHS         MONTHS                                         FROM
                                  ENDED          ENDED       NINE MONTHS      NINE MONTHS      INCEPTION
                                 SEPT 30,       SEPT 30,        ENDED            ENDED           TO
                                  2000           1999       SEPT 30, 2000     SEPT 30,2000  SEPT 30, 2000
                                  ----           ----       -------------     ------------  -------------
<S>                           <C>            <C>            <C>             <C>             <C>
REVENUES                      $         --   $         --    $        --    $         --            --
                              ------------   ------------    -----------    ------------    ----------
EXPENSES

Accounting and audit                   950            300          2,725           2,850         7,525
Bank charges                            34             28            125             148           319
Consulting                              --          2,200             --           2,200         3,950
Edgar filing fees                      391          1,119            782           1,119         2,105
Geology report                          --             --             --           1,200         1,200
Incorporation costs written off         --             --             --           2,500         2,500
Legal                                   --          2,500             --           2,500         2,500
Management fees                      1,500          1,500          4,500           3,500         9,500
Office                                 511            420            852             908         1,837
Rent                                   900            900          2,700           2,100         5,700
Staking fees                            --             --             --             369         3,194
Telephone                              300            300            900             700         1,900
Transfer agent                          38             24          2,321           2,364         4,660
                              ------------   ------------    -----------    ------------    ----------

NET LOSS                      $     (4,624)  $     (9,291)   $   (14,905)   $    (20,628)   $ ( 45,060)
                              ============   ============    ===========    ============    ==========


NET LOSS PER
COMMON SHARE
Basic                         $         --   $         --    $        --    $         --
                              ============   ============    ===========    ============

AVERAGE
OUTSTANDING
SHARES
Basic                           11,075,400     10,489,285     11,075,400      10,489,285
                              ============   ============    ===========    ============

</TABLE>


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

                                       6
<PAGE>

                           THE ZEBALLOS MINING COMPANY
                         (AN EXPLORATION STAGE COMPANY)

    STATEMENT OF CASH FLOWS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2000, FOR
                  THE NINE MONTHS ENDED SEPTEMBER 30, 1999 AND
   FOR THE PERIOD FROM MARCH 4, 1999 (DATE OF INCEPTION) TO SEPTEMBER 30, 2000

                      (UNAUDITED - PREPARED BY MANAGEMENT)
<TABLE>
<CAPTION>

                                                             For the Nine         For the Nine         From Inception
                                                             Months Ended         Months Ended                    To
                                                             Sept 30, 2000        Sept 30, 1999        Sept 30, 2000
                                                             -------------        -------------        -------------
<S>                                                            <C>                    <C>                  <C>
     CASH FLOWS FROM
      OPERATING ACTIVITIES:

      Net loss                                                 $(14,905)              $(20,628)            $(45,060)

      Adjustments to reconcile net loss to net cash
        provided by operating activities:

        Change in accounts payable - related
           parties                                                4,800                     --                10,800
        Change in accounts payable                                1,818                    725                 4,068

        Capital contributions - expenses                          8,100                  6,326                17,100
                                                               --------               --------              --------

          Net Cash from Operations                                 (187)               (13,577)              (13,092)
                                                               --------               --------              --------


     CASH FLOWS FROM INVESTING
      ACTIVITIES:                                                    --                     --                    --
                                                               --------               --------              --------
     CASH FLOWS FROM FINANCING
      ACTIVITIES:

          Proceeds from issuance of common stock                     --                 13,590                13,590

      Net Increase in Cash                                         (187)                    13                   498

      Cash at Beginning of Period                                   685                     --                    --
                                                               --------               --------              --------
      CASH AT END OF PERIOD                                    $    498               $     13             $     498
                                                               ========               ========              ========

SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES

      Capital contributions - expenses                                               $ 17,100
                                                                                     ---------

</TABLE>

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

                                       7
<PAGE>

                           THE ZEBALLOS MINING COMPANY
                         (AN EXPLORATION STAGE COMPANY)

                          NOTES TO FINANCIAL STATEMENTS

                               SEPTEMBER 30, 2000

                      (UNAUDITED - PREPARED BY MANAGEMENT)

1.       ORGANIZATION

         The Company was  incorporated  under the laws of the State of Nevada on
         March 4, 1999 with the authorized  common shares of 200,000,000  shares
         at $0.001 par value.

         The Company was organized  for the purpose of acquiring and  developing
         mineral  properties.  At the report date mineral  claims,  with unknown
         reserves,  had been  acquired.  The  Company  has not  established  the
         existence of a  commercially  minable ore deposit and therefore has not
         reached  the  development   stage  and  is  considered  to  be  in  the
         exploration  stage (see Note 3).  Since its  inception  the Company has
         completed  Regulation D offerings of  11,075,400  shares of its capital
         stock for cash.

2.       SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

         Accounting Methods

         The Company  recognizes income and expenses based on the accrual method
         of accounting.

         Dividend Policy

         The  Company  has  not  yet  adopted  a  policy  regarding  payment  of
         dividends.

         Income Taxes

         On  September  30,  2000 the  Company  had a net  operating  loss carry
         forward of  $45,060.  The tax benefit  from the loss carry  forward has
         been fully offset by a valuation  reserve because the use of the future
         tax benefit is undeterminable since the Company has no operations.  The
         net operating loss will expire in 2021.

         Earnings (Loss) Per Share

         Earnings  (loss) per share  amounts are computed  based on the weighted
         average number of shares actually outstanding.

                                       8

<PAGE>

                           THE ZEBALLOS MINING COMPANY
                         (AN EXPLORATION STAGE COMPANY)

                    NOTES TO FINANCIAL STATEMENTS (CONTINUED)

                               SEPTEMBER 30, 2000

                      (UNAUDITED - PREPARED BY MANAGEMENT)

2.       SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued

         Amortization of Capitalized Mineral Claims Costs

         Costs of acquisition,  exploration,  carrying,  and retaining  unproven
         properties  are  expensed as  incurred.  Costs  incurred in proving and
         developing a commercially  minable ore reserve ready for production are
         capitalized  and amortized over the life of the mineral deposit or over
         a shorter  period if the  property  is shown to have an  impairment  in
         value.   Expenditures  for  mine  equipment  will  be  capitalized  and
         depreciated over their useful lives.

         Environmental Requirements

         At the report date  environmental  requirements  related to the mineral
         claims  acquired  (Note 3) are unknown and therefore an estimate of any
         future cost cannot be made.

         Comprehensive Income

         The Company adopted Statement of Financial Accounting Standard No. 130.
         The adoption of this standard had no impact on the total  stockholder's
         equity on September 30, 2000.

         Recent Accounting Pronouncements

         The  Company  does  not  expect  that  the  adoption  of  other  recent
         accounting  pronouncements will have a material impact on its financial
         statements.

         Financial Instruments

         The carrying amounts of financial instruments,  including cash, mineral
         claims,  and accounts  payable are considered by management to be their
         estimated fair values.

         Estimates and Assumptions

         Management  uses  estimates  and  assumptions  in  preparing  financial
         statements in accordance with generally accepted accounting principles.
         Those  estimates  and  assumptions  affect the reported  amounts of the
         assets  and  liabilities,  the  disclosure  of  contingent  assets  and
         liabilities, and the reported revenues and expenses.

                                       9
<PAGE>

                           THE ZEBALLOS MINING COMPANY
                           (EXPLORATION STAGE COMPANY)

                    NOTES TO FINANCIAL STATEMENTS (CONTINUED)

                               SEPTEMBER 30, 2000

                      (UNAUDITED - PREPARED BY MANAGEMENT)

3.       MINERAL CLAIM

         The Company has acquired one 18 unit metric  mineral claim known as the
         Zeb Au Claim  located  in the  Zeballos  mining  camp  near the town of
         Zeballos about 300 kilometres northwest of Victoria, British Columbia.

         The claims  have not been  proven to have a  commercially  minable  ore
         reserve and  therefore  all costs for  exploration  and  retaining  the
         properties have been expensed.

         The claims may be  retained  by the  Company  by  completion  of yearly
         assessment  work of  $1,800Cn  or by a payment  of  $1,800Cn.  The next
         assessment work is due in March 2001.

4.       RELATED PARTY TRANSACTIONS

         Related parties acquired 45% of the common stock issued.


5.       GOING CONCERN


         The Company will need  additional  working  capital to be successful in
         its  planned  activities  and  continuation  of the  Company as a going
         concern is dependent upon obtaining  additional working capital and the
         management of the Company has  developed a strategy,  which it believes
         will accomplish this objective through  additional equity funding,  and
         long term  financing,  which will enable the Company to operate for the
         coming year.


                                       10
<PAGE>

--------------------------------------------------------------------------------

                            ITEM 2. PLAN OF OPERATION

--------------------------------------------------------------------------------

During the summer  months the  Company  did not do any  exploration  work on its
mineral claims located in the Zeballos mining camp on Vancouver Island. With the
winter months approaching it is extremely unlikely that any work will be done on
the claims until the spring of 2001.

Liquidity and Capital Resources

The Company  has not raised any  additional  capital  since its  original  "seed
stock" issuance to its  shareholders.  All funding of the Company,  need to meet
current accounts payable obligations, is provided by its directors and officers.

Results of Operations

To date the Company has had no operations.

                                       11
<PAGE>

                                    SIGNATURE

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  Company  has duly  caused  this  report to be  signed on its  behalf by the
undersigned thereunto duly authorized.


                           THE ZEBALLOS MINING COMPANY



         November 22, 2000                         /s/ "E. Del Thachuk"
                                         ---------------------------------------
                                         E. Del Thachuk - President and Director


         November 22, 2000                          /s/ "Stacey Bligh"
                                         ---------------------------------------
                                            Stacey Bligh - Secretary Treasurer

                                       12