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              July 31, 1999
                               -------------------------------------------------

( )  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, BC, Canada                                V7N 3G7
----------------------------------------                 ----------
(Address of principal executive offices)                 (Zip Code)

                                  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 4, 1999
-----------------------------------           ----------------------------------
  Common Stock, $0.001 per share                           250,000



<PAGE>



                                      INDEX


<TABLE>
<CAPTION>
                                                                                                       Page
PART 1.                                                                                               Number
                                                                                                      ------
<S>               <C>                                                                               <C>
         ITEM 1.  Financial Statements (unaudited).............................................           3

                           Balance Sheet as at July 31, 1999...................................           4

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

                           Statement of Changes in Shareholders' Equity
                              For the period from February 2, 1999 (Date of
                              Incorporation) to July 31, 1999..................................           6

                           Statement of Cash Flows
                               For the three months ended July 31, 1999 and for
                                   the period from February 2, 1999 (Date of
                                   Incorporation) to July 31, 1999.............................           7

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

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

PART 11           Signatures...................................................................          12
</TABLE>




                                       2
<PAGE>

                         PART 1 - FINANCIAL INFORMATION

                          ITEM 1. FINANCIAL STATEMENTS

The  accompanying  balance sheet of Coronado  Explorations  Ltd. (an exploration
stage company) at July 31, 1999 and the statement of operations and statement of
cash flow for the three  months  ended  July 31,  1999 and for the  period  from
February 2, 1999 (date of  incorporation)  to July 31, 1999 and the statement of
stockholders'   equity  for  the  period   from   February   2,  1999  (date  of
incorporation)  to July 31, 1999 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 July 31,  1999,  are not  necessarily
indicative  of the results that can be expected for the year ending  January 31,
2000.



                                       3
<PAGE>

                           CORONADO EXPLORATIONS LTD.

                         (An Exploration Stage Company)

                                  BALANCE SHEET

                                  July 31, 1999

                      (Unaudited - Prepared by Management)

<TABLE>
<S>                                                                                         <C>
   ASSETS

   CURRENT ASSETS

        Bank                                                                                $     1,204
                                                                                               ---------

                                                                                            $     1,204
                                                                                               =========

   LIABILITIES

         Accounts payable - related party                                                   $     6,211
                                                                                               ---------

   STOCKHOLDERS' EQUITY

        Common stock
              25,000,000 shares authorized, at $0.001 par
              value, 250,000 shares issued and outstanding                                           250

        Capital in excess of par value                                                             7,650

        Deficit accumulated during the exploration stage                                         (12,907)
                                                                                               ---------

              Total Stockholders' Equity                                                          (5,007)
                                                                                               ---------

                                                                                            $      1,204
                                                                                               =========
</TABLE>

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



                                       4
<PAGE>

                           CORONADO EXPLORATIONS LTD.

                         (An Exploration Stage Company)

                             STATEMENT OF OPERATIONS

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

                      (Unaudited - Prepared by Management)

<TABLE>
<CAPTION>
                                                                         FOR THE THREE        FROM INCEPTION
                                                                         MONTHS ENDED              TO
                                                                         JULY 31, 1999        JULY 31, 1999
                                                                         -------------        -------------
<S>                                                                         <C>                  <C>
   SALES                                                                   $       -            $      -
                                                                           ---------            --------

   GENERAL  AND  ADMINISTRATIVE  EXPENSES:

        Accounting and audit                                                     500               2,000
        Bank charges and interest                                                 25                  40
        Edgar filing fees                                                        844                 844
        Geology report                                                             -               1,270
        Incorporation costs written off                                            -                 519
        Management fees                                                        1,500               3,000
        Office expenses                                                          191                 221
        Rent                                                                     900               1,800
        Staking fees                                                               -                 348
        Telephone                                                                300                 600
        Transfer agent's fees                                                  1,065               2,265
                                                                           ---------            --------

   NET LOSS                                                                $   5,325            $ 12,907
                                                                           =========            ========



   NET LOSS PER COMMON SHARE

        Basic                                                              $    0.02            $   0.10
                                                                           =========            ========


   AVERAGE OUTSTANDING SHARES

        Basic                                                                250,000             177,746
                                                                           =========            ========
</TABLE>





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



                                       5
<PAGE>

                           CORONADO EXPLORATIONS LTD.

                         (An Exploration Stage Company)

                  STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY

            For the period from February 2, 1999 (Date of Inception)
                                to July 31, 1999

                      (Unaudited - Prepared by Management)

<TABLE>
<CAPTION>
                                                                                                 CAPITAL IN
                                                                     COMMON STOCK                EXCESS OF         ACCUMULATED
                                                                 SHARES         AMOUNT           PAR VALUE           DEFICIT
                                                                 ------         ------           ---------           -------
<S>                                                             <C>             <C>              <C>                <C>
BALANCE FEBRUARY 2, 1999 (date of inception)                          -        $     -           $      -           $      -

Issuance of common shares for cash at
     $0.01 - March 31, 1999                                     250,000            250              2,250                  -

Capital contributions - expenses                                                                    5,400

Net operating loss for the period from
     February 2, 1999 to July 31, 1999                                -              -                  -            (12,907)
                                                                      -              -                  -                  -
                                                                -------      -----------        ---------         ----------

BALANCE JULY 31, 1999                                           250,000      $       250        $   7,650         $  (12,907)
                                                                =======      ===========        =========         ==========
</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 three months ended July 31, 1999 and for the period from
              February 2, 1999 (Date of Inception) to July 31, 1999

                      (Unaudited - Prepared by Management)

<TABLE>
<CAPTION>
                                                                    FOR THE THREE         FROM INCEPTION
                                                                    MONTHS ENDED               TO
                                                                    JULY 31, 1999         JULY 31, 1999
                                                                    -------------         -------------
<S>                                                                    <C>                    <C>
     CASH FLOWS FROM
          OPERATING ACTIVITIES:

          Net loss                                                 $      (5,325)         $    (12,907)

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

               Increase in accounts payable                               (1,570)                    -
               Increase in accounts - related party                         (264)                6,211
                                                                       ----------            ---------

                    Net Cash from Operations                              (7,159)               (6,696)
                                                                       ----------            ---------

     CASH FLOWS FROM FINANCING
          ACTIVITIES:

               Proceeds from issuance of common stock                          -                 2,500
               Capital contributions                                       2,700                 5,400
                                                                       ----------            ---------

                                                                           2,700                 7,900
                                                                       ----------            ---------

          Net Increase in Cash                                            (4,459)                1,204

          Cash at Beginning of Period                                      5,663                     -
                                                                       ----------            ---------

          CASH AT END OF PERIOD                                        $   1,204             $   1,204
                                                                       ==========            =========
</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

                                  July 31, 1999

                      (Unaudited - Prepared by Management)

1.   ORGANIZATION

     The  Company  was  incorporated  under the laws of the State of Delaware on
     February 2, 1999 with the authorized  common shares of 25,000,000 shares at
     $0.001 par value.

     The  Company was  organized  for the purpose of  acquiring  and  developing
     mineral  properties.  A mineral  claim,  with  unknown  reserves,  has 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 a Regulation D offering of 250,000  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

     The Company  has elected a fiscal year ending  January 31, 2000 and has not
     completed an  operating  period and  therefore  has not filed an income tax
     return.  However,  the Company may incur an  operating  loss for the period
     ending January 31, 2000,  which will be available for carryover and applied
     against future taxable income resulting in a tax benefit. The potential tax
     benefit  from any loss carry  forward has been fully  offset by a valuation
     reserve  because the use of any future tax  benefit is  doubtful  since the
     Company has no operations.



                                       8
<PAGE>

                           CORONADO EXPLORATIONS LTD.

                         (An Exploration Stage Company)

                          NOTES TO FINANCIAL STATEMENTS

                                  July 31, 1999

                      (Unaudited - Prepared by Management)

2.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED

     Loss per Share

     Loss per share amounts are computed based on the weighted average number of
     shares actually  outstanding  using the treasury stock method in accordance
     with FABS Statement No. 128.

     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,   carrying,   and  retained  unproven
     properties  are  expensed  as  incurred.   Cost  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

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

     Financial Instrument

     The carrying amount of financial  instrument,  being cash, is considered by
     management to be its standard fair value.

     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

                                  July 31, 1999

                      (Unaudited - Prepared by Management)

3.   ACQUISITION OF MINERAL CLAIM

     The Company has acquired mineral claims located in the Bralorne Mining area
     of British Columbia with an expiration date of February 26, 2000.

     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.

4.   RELATED PARTY TRANSACTIONS

     Related parties acquired 61% of the common stock issued.

     The  officers and  directors of the Company are involved in other  business
     activities  and they may, in the  future,  become  involved  in  additional
     business  ventures  which also may require their  attention.  If a specific
     business opportunity becomes available, such persons may face a conflict in
     selecting  between  the Company and their  other  business  interests.  The
     Company has formulated no policy for the resolution of such conflicts.

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 in the future.

     Management  recognizes that, if it is unable to raise  additional  capital,
     the Company cannot be successful in its efforts.



                                       10
<PAGE>

                           ITEM 2. PLAN OF OPERATIONS

The Company will explore the Coronado  claims in the Bralorne Mining area during
the latter part of 1999 by engaging the services of a team of workers to prepare
a geochemical grid for subsequent sampling. This work will be carried out during
the month of October.

There are no plans to date for the Company to acquire other  mineral  claims but
in the  future  consideration  will be given to the  seeking  out other  mineral
claims of merit.

Liquidity and Capital Resources

The Company will need  additional  working  capital to finance its activities on
the Coronado claims.  The exploration work which will take place in October will
be paid for by advances  from the officers and  directors of the Company.  It is
estimated  that   approximately   $5,000  might  be  required  to  complete  the
geochemical grid program.

Results of Operations

There are no operations at this time and it is doubtful whether it will have any
revenues for a number of years.



                                       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)

        October 4, 1999                              /c/ "Mary Hethey"
--------------------------------           ------------------------------------
Date                                       Mary Hethey - President and Director

                                       12