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, 2001
                               -------------------------------------------------

(  )     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, 2001
   --------------------------------         -----------------------------------

    Common Stock, $0.001 per share                        25,000,000

<PAGE>

 ANDERSEN ANDERSEN & STRONG, L.C.                 941 East 3300 South, Suite 202
 --------------------------------                   Salt Lake City, Utah 84106
 CERTIFIED PUBLIC ACCOUNTANTS AND
       BUSINESS CONSULTANTS
MEMBER SEC PRACTICE SECTION OF AICPA                  TELEPHONE 801 486-0096
                                                         FAX 801 486-0098


                REPORT ON REVIEW BY CERTIFIED PUBLIC ACCOUNTANTS


The Board of Directors
Coronado Explorations Ltd.

We have reviewed the balance sheets of the above Company (development stage
company) as of October 31, 2001 and the related statement of operations and the
statement of cash flows for the three and nine months ended October 31, 2001.
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.




                                             /s/  "Andersen Andersen and Strong"


Salt Lake City, Utah
December 6, 2001

                                       2
<PAGE>

                                      INDEX


<TABLE>
<CAPTION>

                                                                                                          PAGE
                                                                                                        NUMBER
                                                                                                        ------
<S>         <C>                                                                                            <C>
PART

            ITEM 1.           Financial Statements (unaudited).................................              4

                              Balance Sheet as at October 31, 2001
                                    (with comparative figures as at January 31, 2001)..........              5

                              Statement of Operations
                                    For the three months ended October 31, 2001
                                    and 2000, for the nine months ended October
                                    31, 2001 and 2000 and for the period from
                                    February 2, 1999 (Date of Inception) to October 31, 2001...             6

                              Statements of Cash Flows
                                    For the nine months ended October 31, 2001
                                    and 2000 and for the period from February 2,
                                    1999 (Date of Inception) to October 31, 2001..............              7

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

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


PART 11.                      Signatures......................................................             14


</TABLE>


                                       3
<PAGE>



                         PART 1 - FINANCIAL INFORMATION

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

                    ITEM 1. FINANCIAL STATEMENTS (UNAUDITED)

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

The accompanying balance sheets of Coronado Explorations Ltd. (an exploration
stage company) at October 31, 2001 (with comparative figures as at January 31,
2001) and the statement of operations and the statement of cash flows for the
nine months ended October 31, 2001 and 2000, and for the period from February 2,
1999 (date of inception) to October 31, 2001 have been prepared by the Company's
management 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, 2001, are not necessarily
indicative of the results that can be expected for the year ending January 31,
2002.

                                       4
<PAGE>

                           CORONADO EXPLORATIONS LTD.
                         (An Exploration Stage Company)

                                 BALANCE SHEETS

                      October 31, 2001 and January 31, 2001

                      (Unaudited - Prepared by Management)

<TABLE>
<CAPTION>
                                                             OCTOBER 31  JANUARY 31
                                                                2001        2001
                                                                ----        ----
<S>                                                          <C>         <C>
ASSETS

CURRENT ASSETS

     Cash                                                    $    351    $     --
                                                             --------    --------

           Total Current Assets                              $    351    $     --
                                                             ========    ========

CURRENT LIABILITIES

      Accounts payable - related party                             --      17,114
      Accounts payable                                          5,642       6,435
      Promissory note - Note 3                                 25,952          --
                                                             --------    --------

            Total Current Liabilities                          31,594      23,549
                                                             --------    --------

STOCKHOLDERS' EQUITY

     Common stock
           200,000,000 shares authorized, at $0.001 par
           value, 25,000,000 shares issued and outstanding     25,000      25,000

     Capital in excess of par value                             7,200        (900)

     Deficit accumulated during the exploration stage         (63,443)    (47,649)
                                                             --------    --------

           Total Stockholders' Deficiency                     (31,243)    (23,549)
                                                             --------    --------

                                                             $    351    $     --
                                                             ========    ========
</TABLE>

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


                                       5
<PAGE>

                           CORONADO EXPLORATIONS LTD.
                         (An Exploration Stage Company)

                             STATEMENT OF OPERATIONS

              For the three months ended October 31, 2001 and 2000,
                   for the nine months ended October 31, 2001
           and 2000 and for the period from February 2, 1999 (Date of
                         Inception) to October 31, 2001
                      (Unaudited - Prepared by Management)

<TABLE>
<CAPTION>
                                 THREE MONTHS    THREE MONTHS    NINE MONTHS          NINE MONTHS
                                    ENDED           ENDED           ENDED                 ENDED        FROM INCEPTION TO
                                 OCTOBER 31,      OCTOBER 31,    OCTOBER 31,           OCTOBER 31,         OCTOBER 31,
                                     2001           2000            2001                  2000               2001
                                     ----           ----            ----                  ----               ----
<S>                               <C>             <C>            <C>                <C>                <C>
   SALES                          $       -       $        -    $           -        $         -        $           -
                                  ---------       ----------     ------------        ------------       -------------

   GENERAL  AND
   ADMINISTRATIVE
   EXPENSES:

        Accounting and
             audit                      950             950            3,100               2,900             12,500
        Annual fee                       -                -                -                   -                275
        Bank charges and
             interest                   34               31               58                  94                265
        Edgar filing fees                -              877              387                 877              5,409
        Franchise tax                    4                -                4                 100                104
        Geological report                -                -                -                 500              2,270
        Incorporation costs              -                -                -                   -                519
        Interest                       630                -              952                   -                952
        Legal                          192                -              565                   -              2,054
        Management fees              1,500            1,500            4,500               4,500             16,500
        News releases                    -              500                -                 500                535
        Office expenses                349              142            1,139                 452              2,643
        Rent                           900              900            2,700               2,700              9,900
        Staking costs                    -                -                -                   -                348
        Telephone                      300              300              900                 900              3,300
        Transfer agent's
            fees                         -              540            1,489               1,740              5,869
                                  ---------       ----------      -----------        ------------       -------------

   NET LOSS                       $ (4,859)       $  (5,740)      $  (15,794)        $   (15,263)       $  ( 63,443)
                                  ========        =========       ===========        ===========        ===========

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

   AVERAGE OUTSTANDING SHARES
        Basic                     25,000,000      25,000,000      25,000,000         25,000,000
                                  ==========      ==========      ==========         ==========
</TABLE>

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

                                       6
<PAGE>

                           CORONADO EXPLORATIONS LTD.
                         (An Exploration Stage Company)

                             STATEMENT OF CASH FLOWS

           For the nine months ended October 31, 2001, for nine months
           ended October 31, 2000 and for the period from February 2,
                  1999 (Date of Inception) to October 31, 2001

                      (Unaudited - Prepared by Management)

<TABLE>
<CAPTION>

                                                               FOR THE NINE          FOR THE NINE        FROM INCEPTION
                                                               MONTHS ENDED          MONTHS ENDED              TO
                                                             OCTOBER 31, 2001      OCTOBER 31, 2000     OCTOBER 31, 2001
                                                             ----------------      ----------------     ----------------
<S>                                                          <C>                   <C>                  <C>
CASH FLOWS FROM
     OPERATING ACTIVITIES:

     Net loss                                                $   (15,794)         $     (15,263)         $  (63,443)

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

          Changes in accounts - related party                    (17,114)                 5,750                   -
          Changes in accounts payable                               (793)                   245               5,642
          Capital contributions - expenses                         8,100                  8,100              29,700
                                                             -----------          -------------          ----------

       Net Cash (Deficiency) from Operations                     (25,601)                (1,168)            (28,101)
                                                             -----------          -------------          ----------

CASH FLOWS FROM FINANCING
     ACTIVITIES:

          Proceeds from note payable                              25,952                      -              25,952
          Proceeds from issuance of common stock                       -                      -               2,500
                                                             -----------          -------------          ----------

                                                                  25,952                      -              28,452
                                                             -----------          -------------          ----------

     Net Increase (Decrease) in Cash                                 351                 (1,168)                351

     Cash at Beginning of Period                                       -                  1,179
                                                             -----------          -------------          ----------
                                                                                              -

     CASH AT END OF PERIOD                                   $       351         $           11          $      351
                                                             ===========         ==============          ==========
</TABLE>

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

                                       7
<PAGE>

                           CORONADO EXPLORATIONS LTD.
                         (An Exploration Stage Company)

                          NOTES TO FINANCIAL STATEMENTS

                                October 31, 2001

                      (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 200,000,000
         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. On February 24, 2001 the Company allowed its
         mineral claim known as the Coronado to expire without either performing
         assessment work on the claim or paying cash-in-lieu of performing
         assessment work. Therefore, the Company has no further rights to the
         mineral on the Coronado claim and no further obligations to undertake
         any exploration work thereon. As at the balance sheet date the Company
         does not have any other assets.

         The Company has completed a Regulation D offering of 25,000,000 shares
         of its capital stock for cash of $2,500. During the quarter ended
         October 31, 2000 the shareholders approved a 100 to 1 forward split of
         the issued and outstanding share capital. This report was prepared
         showing after stock split shares 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, 2001, the Company had a net operating loss carry forward
         of $63,443. The tax benefit of $19,033 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 2022.


                                       8
<PAGE>

                           CORONADO EXPLORATIONS LTD.
                         (An Exploration Stage Company)

                          NOTES TO FINANCIAL STATEMENTS

                                October 31, 2001

                      (Unaudited - Prepared by Management)


2.       SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED


         Basic Net Income (Loss) per Share
         ---------------------------------

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

         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.

         Financial Instruments
         ---------------------

         The carrying amounts of financial instruments, including cash, accounts
         payable and promissory note 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.

         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.

                                       9
<PAGE>

                           CORONADO EXPLORATIONS LTD.
                         (An Exploration Stage Company)

                          NOTES TO FINANCIAL STATEMENTS

                                October 31, 2001

                      (Unaudited - Prepared by Management)


3.       PROMISSORY NOTE

         On June 14, 2001 the Company signed a promissory note with Kidakus
         Consulting Ltd., an unrelated company, whereby the Company was advanced
         $25,000 payable on or before June 13, 2002. The promissory note bears
         interest at 10 percent per annum. Interest has been accrued to October
         31, 2001.


4.       AGREEMENT TO MERGER

         On October 18, 2001, the Company executed an Agreement and Plan of
         Merger with Naturol, Inc., a Nevada corporation, wherein the Coronado
         Subsidiary Corporation will merge with Naturol, Inc. and Coronado
         Subsidiary Corporation and Naturol will become a wholly owned
         subsidiary of the Company.

         Under the terms of the Agreement, which is subject to shareholders'
         vote, and other terms and ordinary conditions for a transaction of this
         type, Naturol shareholders shall receive a pro-rata portion of
         50,000,000 shares of 144 restricted common stock of the Company in
         addition to customary terms and conditions.

         Upon approval by the shareholders of the Company, the Company will
         change its name to Naturol, Inc. The transaction will cause a change in
         control of the Company.


5.       RELATED PARTY TRANSACTIONS

         Related parties acquired 20% of the common shares issued for cash.


6.       GOING CONCERN

         The Company will need additional working capital to be successful in
         its future planned activities 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 for the coming year.

                                       10
<PAGE>

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

                           ITEM 2. PLAN OF OPERATIONS

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

On February 24, 2001 the Company allowed its mineral claim, known as the
Coronado claim, to lapse without either paying cash-in-lieu of performing
exploration work on the claim or doing exploration work itself.

On October 18, 2001 the Company executed an Agreement and Plan of Merger with
Naturol, Inc., a Nevada corporation. Pursuant to the Merger Agreement the
Company will issue 50,000,000 shares of its 144 restricted common stock in
exchange for 100% of Naturol's outstanding stock. The merger will be a tax-free
reorganization accounted for as a purchase whereby the Company will be the
surviving corporation with Naturol becoming a wholly owned subsidiary of the
Company. Concurrent with the closing of the merger, the Company will change its
name to Naturol, Inc. The merger is subject to regulatory review, stockholder
approval and the satisfactions of other customary conditions.

Naturol was formed on June 19, 2001, as a Nevada corporation, to operate as the
exclusive North American licensee for the purpose of commercializing all plant
extraction technologies owned, patented or in development by Naturol Limited of
Saint Hellier, Jersey. Naturol Limited's extraction technology offers a benign,
safe, cost effective, high quality alternative to current extraction
technologies employed in the global flavors, fragrances and pharmaceutical
industries.

On August 20, 2001 Naturol entered into a License Agreement with Naturol Limited
whereby it acquired all the rights to utilize the extraction technology for
purposes of manufacture, development, production, marketing, distribution, and
sublicensing of such technology. The term of the license is for the term of the
patent. Consideration for the license is a payment of $360,000 in the first year
and a minimum payment of $360,000 annual until a first commercial sale of
licensed product and for three years thereafter. After license year 5,
compensation will consist solely of royalties. Royalties consist of an 8% fee
based on the net sales of licensed products. In addition, a 2% royalty shall be
paid on the use of licensee or any sublicensee of the trademark.

Naturol's licensed extraction technology relates to a method of extracting and
concentrating oils from materials in which the oils are already contained. More
particularly, the extraction technology is concerned with the extraction of
fixed and mineral oils and/or volatile oils such as essential oils from
materials using a process of solvent extraction, which is performed under
pressure. The term "fixed oil" is usually used to describe oils of vegetable or
animal origin, which are not volatile oils. They routinely comprise natural
mixtures of mono di and triglycerides, fatty acids, sterols and natural wax.
"Mineral oils" is a term usually used to describe petrochemical oils and often
derived from below ground level, which are normally mixtures of aliphatic and
aromatic hydrocarbons of a very wide variety of chain length and molecular
weight. These oils are often the sources of lubricating and fuel oils.
"Essential oil" is usually used to describe those volatile oils or low molecular
weight which incorporate the fragrance and flavor of components derived from
plant materials.

Naturol's process allows for the extraction of high quality, desirable
components such as oils, pigments, pharmacologically active ingredients and
resins from a wide range of substrates including plant, animal and mineral
matter, of both earthly and marine origin. The same process is able to extract
fixed and mineral oils.

Historically, solvents such as hexane, petroleum fractions, benzene and
methylene chloride have been widely used to extract fragrant oils, which are
flavorsome oleo-resins and drug containing extracts from

                                       11
<PAGE>

an enormous range to plant based raw materials. These solvents are in common use
even in the engineering, petroleum and mineral industries, where they are often
used to de-grease raw materials containing or coated in oil and to clean metal
parts, by removal of oily lubricating preparations. Useful amounts of oils have
been extracted from mineral raw materials such as oil shales and tar sands which
such solvents. Even soils contaminated with oily industrial waste may be
remediated with such solvents. One disadvantage of generally high flammable
conventional solvent systems such as hydrocarbon solvents, for example hexane,
benzene and petroleum fractions, has always been the danger of fire or explosion
and incineration. These solvents also present further hazards to the operators
of such processes because may hydrocarbon and chlorinated solvents are harmful
or toxic if inhaled or ingested. They are frequently carcinogenic and all of the
hydrocarbon solvents used in current practice are classed as volatile organic
compounds which are said to have positive "Photo-Chemical Ozone generating
potential" and which can also cause asthma and bronchitis.

A further disadvantage of the most commonly used solvents, hexane and "petroleum
ether", is that their boiling points (at atmosphere pressure - which is the
pressure at any point in an atmosphere due solely to the weight of the
atmosphere gases above the point concerned) are in excess of 50 degrees Celsius.
Hence, in order to remove such solvents from the solutions of the desired
extracted components, the desired component must either be exposed to high
temperatures or high vacuum. Both of these treatments detract from and are
damaging and harmful to the quality of the desired component or extract. Also,
the evaporation of the solvent from the solution of the oil, and the solvent
recovery by condensation is expensive on account of the energy costs. The
finished products from such processes are often intended for public consumption
and the presence of toxic or harmful residues may present difficulties when
seeking regulatory approval of the finished product.

These problems become even more serious when (as is increasingly the case)
statutory authorities are demanding that the solvent residue levels in oils sold
for use in human food products are required to meet increasingly stringent
requirements such as solvent residue levels of only 50, 10 and even 1 part per
million. Achieving such levels of solvent residue requires that the solution and
extract be exposed to very high vacuum and/or very high temperatures. Such
treatment can result in serious loss of the precious volatile components from
the extracted and serious thermal damage to the desirable component.

A strategy to overcome these problems has long been to employ hydrocarbon
solvents such as butane and even propane (in liquid form under pressure).
However, these processes are even more dangerous, as any leakage of the (usually
odorless) solvent vapors from the operating equipment, poses a greatly enhanced
risk and chance of exploration and incineration. The use of less flammable
solvents as chlorinate hydrocarbon solvents has gone some way in reducing the
risks. For example, the use of methylene chloride to extract valuable components
such as caffeine from coffee and tea has become common. Similarly,
perchloroethylene has a long history of use in the dry cleaning industry to
de-grease oily clothing. However, many of the traditional chlorinated solvents
present their own problems. Most of these materials are either harmful or toxic
or may be damaging to the environment. Their vapors are believed to deplete the
protective ozone in the stratosphere. Many of these chlorinated solvents are
also greenhouse gases and may lead to global warming.

Naturol's process allows for the extraction of high qualify, desirable
components such as oils, pigments, pharmacologically active ingredients and
resins from a wide range of substrates including plant, animal and mineral
matters, of both earthly and marine origin. The same process, when using the
solvent systems according to an embodiment of the invention, is able to extract
fixed and mineral oils.

Naturol's process comprises the contacting of the substrate (such as bulk raw
material in which the desired component is already contained) which a solvent so
as to allow the desired component to dissolve in the solvent. This allows for
the removal and separation of the solution of the desired component in the
solvent from the substrate. Further, it provides for the removal of the solvent
from the solution and its recovery for recycling and re-use, and for the
harvesting of the solute (desired dissolved substance) from

                                       12
<PAGE>

which the solvent has been removed. The solute, in such cases, comprises the
desired component so that the extracted oil may easily satisfy any present or
future regulatory requirements. Naturol's process is also intended to dispense
with the need for evaporation and condensation of large quantities of solvents
in order to obtain the final product from the solution.

Naturol has yet to generate revenues from any source and there is a substantial
going concern issue as to whether Naturol will ever be able to commercialize its
technology and generate sufficient, if any, revenues to satisfy its working
capital requirements. Since inception, Naturol has been dependent on the sale of
its equity securities and loans from affiliates to satisfy its working capital
needs. Naturol continues to have a working capital deficiency that raises
substantial concern regarding its ability to continue as a going concern.

Naturol will require substantial additional funds to fulfill its business plan
and successfully commericalize its technology. Naturol intends to raise these
needed funds from private placements of its securities, debt financing or
internally generated funds from the licensing of its technology or sale of
products.

Liquidity and Capital Resources
-------------------------------

At the present time the Company does not have sufficient funds to meet its
current obligations. Management feels that additional working capital will have
to be raised in order to settle all outstanding accounts payable. With the
signing of the Agreement and Plan of Merger, the Company will have to raise
funds to meet various costs associated with the merger. At this time, management
has not yet decided how it will approach fund raising.

Results of Operations
---------------------

The Company has had no operations during the current period.

                                       13
<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 6, 2001                                  /s/  "Mary M. Hethey"
----------------------------------      ----------------------------------------
                Date                    Mary M. Hethey - Director and President




December 6, 2001                                   /s/ "Carsten Mide"
-----------------------------------     ----------------------------------------
                Date                             Carsten Mide - Director



                                       14