UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                                   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>

                                      INDEX

<TABLE>
<CAPTION>
                                                                                                Page
PART 1.                                                                                        Number
                                                                                               -------

<S>               <C>                                                                           <C>
         ITEM 1.  Financial Statements........................................................    3

                  Balance Sheet as at September 30, 2000 and December 31, 1999................    4

                  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.........................    5

                  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..................................................................    6

                  Notes to the Financial Statements..........................................     7

         ITEM 2.  Plan of Operations.........................................................    10

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



                  Financial Data Schedule Worksheet..........................................    12
</TABLE>


2
<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.


                                                                               3
<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.


4
<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             NINE               NINE
                                   MONTHS          MONTHS            MONTHS             MONTHS            FROM
                                   ENDED            ENDED             ENDED              ENDED         INCEPTION
                                  SEPT 30,         SEPT 30,          SEPT 30,           SEPT 30,       TO SEPT 30,
                                    2000             1999             2000                1999            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                              --              --                 --                670             670
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      11,075,400         11,075,400         10,489,285
                                 ==========      ==========         ==========         ==========
</TABLE>

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


                                                                               5
<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                 6,300               17,100
                                                                ------------          ------------         ------------

                    Net Cash from Operations                            (187)              (13,603)             (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.


6
<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.


                                                                               7
<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.


8
<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.  There can be no  assurance  that the  management  will be
         successful in this effort.


                                                                               9
<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.


10
<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 10, 2000                        /s/ "E. Del Thachuk"
                                         ---------------------------------------
                                         E. Del Thachuk - President and Director


         November 10, 2000                         /s/ "Stacey Bligh"
                                         ---------------------------------------
                                            Stacey Bligh - Secretary Treasurer






                                       11