` 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      October 31, 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       0-26309
                       --------------------


                           CORONADO EXPLORATIONS LTD.
           ---------------------------------------------------------
               (Exact name of registrant as specified in charter)

          Delaware                                        98-0200471
----------------------------------                    -----------------
(State or other jurisdiction of                       (I.R.S. Employer
incorporation or organization)                        Identification No.)

397 Ventura Crescent
North Vancouver, British Columbia, Canada                   V7N 3G7
-----------------------------------------                   -------
(Address of principal executive offices)                  (Zip Code)

                               1 - 604 - 985-8940
               --------------------------------------------------
               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 October 31, 2000
      ------------------------------       ----------------------------------
      Common Stock, $0.001 per share                  25,000,000

<PAGE>

ANDERSEN ANDERSEN & STRONG, L.C.                  941 East 3300 South, Suite 202
CERTIFIED PUBLIC ACCOUNTANTS AND                      Salt Lake City, Utah 84106
 BUSINESS CONSULTANTS                                     Telephone 801 486-0096
                                                                Fax 801 486-0098

          REPORT ON REVIEW BY INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS

The Board of Directors
Coronado Explorations Ltd

We have reviewed the balance sheets of Coronado  Explorations Ltd.  (exploration
stage  company)  as of October  31,  2000 and  January  31, 2000 and the related
statements of operations and the statements of cash flows for the three and nine
months ended October 31, 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
December 20, 2000

                                       2
<PAGE>
<TABLE>
<CAPTION>

                                      INDEX

                                                                                                        Page
PART 1.                                                                                               Number
                                                                                                      ------

<S>                                                                                                        <C>
         ITEM 1.  Financial Statements (unaudited).......................................................  3

                           Balance Sheet as at October 31, 2000
                                    (with comparative figures as at January 31,
                                    2000)...............................................................   4

                           Statement of Operations
                                    For the three months ended October 31, 2000, for the three
                                    months ended October 31, 1999, for the nine months ended
                                    October 31, 2000, for the nine months  ended  October 31, 1999
                                    and for the  period  from  February  2, 1999 (Date  of
                                    Incorporation)  to  October  31, 2000...............................   5

                           Statement of Cash Flows
                                    For the nine months ended October 31, 2000, for the
                                    nine months ended October 31, 1999 and for  the period from
                                    February 2, 1999 (Date of Incorporation) to October 31, 2000........   6

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

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


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

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


                                       3
<PAGE>
                         PART 1 - FINANCIAL INFORMATION
--------------------------------------------------------------------------------
                    ITEM 1. FINANCIAL STATEMENTS (UNAUDITED)
--------------------------------------------------------------------------------

The  accompanying  balance sheet of Coronado  Explorations  Ltd. (an exploration
stage company) at October 31, 2000 (with  comparative  figures as at January 31,
2000) and the  statement of  operations  for the three months ended  October 31,
2000 and 1999,  for the nine months ended  October 31, 2000 and 1999 and for the
period from February 2, 1999 (date of incorporation) to October 31, 2000 and the
statement of cash flows for the nine months ended  October 31, 2000 and 1999 and
for the period from February 2, 1999 (date of incorporation) to October 31, 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 and cash flows 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 October 31, 2000,  are not  necessarily
indicative  of the results that can be expected for the year ending  January 31,
2001.

                                       4
<PAGE>

                           CORONADO EXPLORATIONS LTD.
                         (An Exploration Stage Company)

                                  BALANCE SHEET

                      October 31, 2000 and January 31, 2000

                      (Unaudited - Prepared by Management)
<TABLE>
<CAPTION>

                                                                                                  OCTOBER 31            JANUARY 31
                                                                                                     2000                  2000
                                                                                                     ----                  ----
<S>                                                                                                  <C>                   <C>
   ASSETS

   CURRENT ASSETS

        Bank                                                                                         $     11              $  1,179
                                                                                                     --------              --------
                                                                                                     $     11              $  1,179
                                                                                                     ========              ========
   LIABILITIES


         Accounts payable and accrued liabilities                                                       3,487                 3,242
         Due to a director - related party                                                             14,961                 9,211
                                                                                                     --------              --------

                                                                                                       18,448                12,453
                                                                                                     --------              --------

   STOCKHOLDERS' EQUITY

        Common stock

              100,000,000 shares authorized, at $0.001 par
              value, 25,000,000 shares issued and outstanding                                          25,000                25,000

        Capital in excess of par value - deficit - note 1                                              (3,600)              (11,700)

        Deficit accumulated during the exploration stage                                              (39,837)              (24,574)
                                                                                                     --------              --------

              Total Stockholders' Deficiency                                                          (18,437)              (11,274)
                                                                                                     --------              --------

                                                                                                     $     11              $  1,179
                                                                                                     ========              ========

The  accompanying  notes  are an  integral  part of  these  unaudited  financial statements.
</TABLE>

                                       5
<PAGE>
                           CORONADO EXPLORATIONS LTD.
                         (An Exploration Stage Company)

                             STATEMENT OF OPERATIONS

    For the three months ended October 31, 2000, for the three months ended
          October 31, 1999, for the nine months ended October 31, 2000,
                   for the nine months ended October 31, 1999
         and for the period from February 2, 1999 (Date of Inception) to
                                October 31, 2000

                      (Unaudited - Prepared by Management)
<TABLE>
<CAPTION>
                                                               Three            Three            Nine             Nine          From
                                                              Months           Months          Months           Months     Inception
                                                               Ended            Ended           Ended            Ended            To
                                                         October 31,      October 31,     October 31,      October 31,   October 31,
                                                                2000             1999            2000             1999          2000
                                                                ----             ----            ----            ----          ----
<S>                                                              <C>              <C>            <C>              <C>          <C>
SALES                                                    $        --      $        --      $        --      $        --      $    --
                                                         -----------      -----------      -----------      -----------      -------

GENERAL  AND  ADMINISTRATIVE  EXPENSES:

     Accounting and audit                                        950              600            2,900            2,600        7,450
     Annual fee                                                   --              125               --              125          125
     Bank charges and interest                                    31               19               94               59          190
     Edgar filing fees                                           877            1,125              877            1,969        4,342
     Franchise tax                                                --               --              100               --          100
     Geological report                                            --              500              500            1,770        2,270
     Incorporation costs                                          --               --               --              519          519
     Management fees                                           1,500            1,500            4,500            4,500       10,500
     News releases                                               500               --              500               --          500
     Office expenses                                             142               --              452              221        1,088
     Rent                                                        900              900            2,700            2,700        6,300
     Staking costs                                                --               --               --              348          348
     Telephone                                                   300              300              900              900        2,100
     Transfer agent's fees                                       540               --            1,740            2,265        4,005
                                                         -----------      -----------      -----------      -----------      -------

NET LOSS                                                 $     5,740      $     5,069      $    15,263      $    17,976      $39,837
                                                         ===========      ===========      ===========      ===========      =======
NET LOSS PER COMMON SHARE

     Basic                                               $        --      $        --      $        --      $        --
                                                         ===========      ===========      ===========      ===========

AVERAGE OUTSTANDING SHARES

     Basic                                                25,000,000       25,000,000       25,000,000       19,616,800
                                                          ===========      ===========      ===========      ==========

                         The accompanying notes are an integral part of these unaudited financial statements.
</TABLE>

                                       6
<PAGE>

                           CORONADO EXPLORATIONS LTD.
                         (An Exploration Stage Company)

                             STATEMENT OF CASH FLOWS

            For the nine months ended October 31, 2000, for the nine
              months ended October 31, 1999 and for the period from
            February 2, 1999 (Date of Inception) to October 31, 2000

                      (Unaudited - Prepared by Management)
<TABLE>
<CAPTION>

                                                                     FOR THE NINE          FOR THE NINE         FROM INCEPTION
                                                                     MONTHS ENDED          MONTHS ENDED               TO
                                                                      OCTOBER 31,          OCTOBER 31,           OCTOBER 31,
                                                                       2000                    1999                  2000
                                                                       ----                    ----                  ----
<S>                                                               <C>                       <C>                   <C>
     CASH FLOWS FROM
          OPERATING ACTIVITIES:

          Net loss                                                $      (15,263)           $  (17,976)           $ (39,837)

          Adjustments to reconcile net loss to net cash

               Increase in accounts payable                                  245                 1,550                3,487
               Increase in due to a director                               5,750                 6,211               14,961
                                                                          -----              ---------               ------

            Net Cash (Deficiency) from Operations                         (9,268)              (10,215)             (21,389)
                                                                         -------             ---------            ---------

     CASH FLOWS FROM FINANCING
          ACTIVITIES:

               Capital contribution - expenses                             8,100                 8,100              18,900
               Proceeds from issuance of common stock                         --                 2,500               2,500
                                                                        ---------             --------             --------

                                                                           8,100                10,600               21,400
                                                                         --------              -------              -------

          Net Increase (Decrease) in Cash                                 (1,168)                  385                   11

          Cash at Beginning of Period                                      1,179                    --                   --
                                                                         -------               -------              -------
          CASH AT END OF PERIOD                                    $         11              $     385            $      11
                                                                        =======                =======              =======


The  accompanying  notes  are an  integral  part of  these  unaudited  financial statements.
</TABLE>

                                       7
<PAGE>

                           CORONADO EXPLORATIONS LTD.
                         (An Exploration Stage Company)

                          NOTES TO FINANCIAL STATEMENTS

                                October 31, 2000

                      (Unaudited - Prepared by Management)

1.       ORGANIZATION

         The Company was  incorporated  under the laws of the State of Nevada on
         February  2,  1999 with the  authorized  common  shares of  100,000,000
         shares (previous  authorized  capital was 25,000,000  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).

         The Company has  completed  two  Regulation D offerings  of  25,000,000
         shares of its capital  stock for cash.  During the current  quarter the
         shareholders  approved  a 100 to 1  forward  split  of the  issued  and
         outstanding share capital. This forward split resulted in an additional
         24,750,000 shares being issued to the shareholders of record.

         This report has been  prepared  showing after stock split shares with a
         par value of $.001 from inception.


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

         At October 31, 2000, the Company had a net operating loss carry forward
         of $39,837. The tax benefit from the loss carry forward has been 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.

                                       8
<PAGE>

                           CORONADO EXPLORATIONS LTD.
                         (An Exploration Stage Company)

                          NOTES TO FINANCIAL STATEMENTS

                                October 31, 2000

                      (Unaudited - Prepared by Management)

2.       SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED

         Basic and Diluted Net Income (Loss) per Share

         Basic net income  (loss) per share  amounts are  computed  based on the
         weighted  average number of shares  actually  outstanding.  Diluted net
         income (loss) per share amounts are computed using the weighted average
         number of common shares and common equivalent shares  outstanding as if
         shares had been issued on the  exercise of the  preferred  share rights
         unless the exercise  becomes  antidilutive  and then only the basic per
         share amounts are shown in the report.

         Cash and Cash Equivalents

         The Company  considers all highly liquid  instruments  purchased with a
         maturity,  at the time of purchase,  of less than three  months,  to be
         cash equivalents.

         Capitalization of Mineral Claim Costs

         Cost of acquisition,  exploration and carrying unproven  properties are
         expensed  as  incurred.  Costs  incurred in proving  and  developing  a
         property 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 mining equipment
         are capitalized and depreciated over their useful life.

         Environmental Requirements

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

         Financial Instruments

         The  carrying  amounts of  financial  instruments,  including  cash 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.  Actual  results
         could vary from the  estimates  that were  assumed in  preparing  these
         financial statements.


                                       9
<PAGE>

                           CORONADO EXPLORATIONS LTD.
                         (An Exploration Stage Company)

                          NOTES TO FINANCIAL STATEMENTS

                                October 31, 2000

                      (Unaudited - Prepared by Management)

2.       SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED

         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.

         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.

3.       PURCHASE OF MINERAL LEASES

         The Company has acquired  mineral claims located in the Bralorne Mining
         area of British Columbia with an expiration date of February 26, 2001.

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

         The cost of maintaining  the claims in good standing for a further year
         is $ 2,800.

4.       RELATED PARTY TRANSACTIONS

         Related parties acquired 61% of the common shares issued for cash.

5.       GOING CONCERN

         The Company will need  additional  working  capital to be successful in
         its  efforts  to develop  the  mineral  lease  acquired  and  therefore
         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 in the future.

                                       10
<PAGE>
--------------------------------------------------------------------------------
                           ITEM 2. PLAN OF OPERATIONS
--------------------------------------------------------------------------------

The management of the Company is considering  seeking another project due to the
current  market  price of mineral.  No new project  has been  identified  and no
agreements have been entered into by the Company.

At the first  Annual  General  Meeting  held on August 2, 2000 the  shareholders
approved the following:

1.       The forward splitting of the common shares on the basis of a maximum of
         a hundred  new  shares  for one hold  share or at  whatever  number the
         directors, at their sole discretion, deem appropriate.

2.       Approval  for the  directors,  at their sole  discretion,  to seek out
         and enter into  negotiations  for a new project for the Company.

The  directors  decided to forward  split the shares on the basis of one hundred
new shares  for each old share  owned by a  shareholder.  This  resulted  in the
issued share capital being increased 24,750,000 common shares to 25,000,000.

Liquidity and Capital Resources

The Company, at the present time, does not have the capital resources to develop
its mineral  property and until mineral prices  strengthen it does not intend to
develop  the  mineral  claims.  There are not  adequate  funds in the Company to
undertake any  exploration  activities.  The only methods of obtaining funds are
for the directors to advance loans  personally to the Company,  guarantee a bank
loan or issue common shares. None of these methods have been considered to date.

Results of Operations

The Company has had no operations during the current period.

                                       11
<PAGE>

                                   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.

                                             CORONADO EXPLORATIONS LTD..
                                                   (Registrant)




           December 15, 2000            /s/   "Mary M. Hethey"
---------------------------------       ---------------------------------------
                Date                    Mary M. Hethey - Director and President



                                       12