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

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

For the quarterly period ended              April 30, 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 April 30, 2001
-----------------------------------             --------------------------------
  Common Stock, $0.001 per share                            25,000,000



<PAGE>

                                      INDEX

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

                           Balance Sheet as at April 30, 2001
                                    (with comparative figures as at January 31,
                                    2001) ................................................................            4

                           Statement of Operations
                                    For the three months ended April 30, 2001,
                                    for the three months ended April 30, 2000,
                                    and for the period from February 2, 1999
                                    (Date of Incorporation) to April 30, 2001 ............................            5

                           Statement of Cash Flows
                                    For the three months ended April 30, 2001, for the
                                    three months ended April 30, 2000 and for the
                                    period from February 2, 1999 (Date of
                                    Incorporation) to April 30, 2001 .....................................            6

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

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


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






                                       2
<PAGE>

                         PART 1 - FINANCIAL INFORMATION


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

                    ITEM 1. FINANCIAL STATEMENTS (UNAUDITED)

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


The accompanying balance sheet of Coronado Explorations Ltd. (an exploration
stage company) at April 30, 2001 (with comparative figures as at January 31,
2001) and the statement of operations and the statement of cash flows for the
three months ended April 30, 2001 and 2000, and for the period from February 2,
1999 (date of incorporation) to April 30, 2001 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 April 30, 2001, are not necessarily
indicative of the results that can be expected for the year ending January 31,
2002.



                                       3
<PAGE>

                           CORONADO EXPLORATIONS LTD.
                         (An Exploration Stage Company)

                                  BALANCE SHEET

                       April 30, 2001 and January 31, 2001

                      (Unaudited - Prepared by Management)

<TABLE>
<CAPTION>
                                                                                          APRIL 30             JANUARY 31
                                                                                            2001                  2001
                                                                                          --------              --------
<S>                                                                                       <C>                   <C>
ASSETS

CURRENT ASSETS

     Bank                                                                                 $     --              $     --
                                                                                          --------              --------


                                                                                          $     --              $     --
                                                                                          ========              ========

LIABILITIES

      Accounts payable - related party                                                      15,121                15,121
      Due to a director                                                                     10,915                 8,428
                                                                                          --------              --------
                                                                                            26,036                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                                                          1,800                  (900)

     Deficit accumulated during the exploration stage                                      (52,836)              (47,649)
                                                                                          --------              --------

           Total Stockholders' Deficiency                                                  (26,036)              (23,549)
                                                                                          --------              --------

                                                                                          $     --              $     --
                                                                                          ========              ========
</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 April 30, 2001,
                   for the three months ended April 30, 2000,
          and for the period from February 2, 1999 (Date of Inception)
                                to April 30, 2001

                      (Unaudited - Prepared by Management)

<TABLE>
<CAPTION>
                                                                  THREE MONTHS             THREE MONTHS           FROM INCEPTION
                                                                     ENDED                    ENDED                     TO
                                                                 APRIL 30, 2001           APRIL 30, 2000          APRIL 30, 2001
                                                                 --------------           --------------          --------------
<S>                                                               <C>                      <C>                     <C>
SALES                                                             $         --             $         --            $         --
                                                                  ------------             ------------            ------------

GENERAL AND ADMINISTRATIVE EXPENSES:

     Accounting and audit                                                1,150                    1,125                  10,550
     Annual fee                                                             --                       --                     275
     Bank charges and interest                                              (5)                      21                     201
     Edgar filing fees                                                      --                       --                   5,022
     Franchise tax                                                          --                      100                     100
     Geological report                                                      --                      500                   2,270
     Incorporation costs                                                    --                       --                     519
     Legal                                                                  --                       --                   1,490
     Management fees                                                     1,500                    1,500                  13,500
     News releases                                                          --                       --                     535
     Office expenses                                                       114                      219                   1,618
     Rent                                                                  900                      900                   8,100
     Staking costs                                                          --                       --                     348
     Telephone                                                             300                      300                   2,700
     Transfer agent's fees                                               1,228                    1,200                   5,608
                                                                  ------------             ------------            ------------

NET LOSS                                                          $      5,187             $      5,865            $     52,836
                                                                  ============             ============            ============


NET LOSS PER COMMON SHARE

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

AVERAGE OUTSTANDING SHARES

     Basic                                                          25,000,000               25,000,000
                                                                  ============             ============
</TABLE>


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



                                       5
<PAGE>

                           CORONADO EXPLORATIONS LTD.
                         (An Exploration Stage Company)

                             STATEMENT OF CASH FLOWS

                   For the three months ended April 30, 2001,
                    for the three months ended April 30, 2000
          and for the period from February 2, 1999 (Date of Inception)
                                to April 30, 2001

                      (Unaudited - Prepared by Management)


<TABLE>
<CAPTION>
                                                                       FOR THE THREE      FOR THE THREE     FROM INCEPTION
                                                                        MONTHS ENDED       MONTHS ENDED           TO
                                                                       APRIL 30, 2001     APRIL 30, 2000    APRIL 30, 2001
                                                                       --------------     --------------    --------------
<S>                                                                        <C>               <C>               <C>
CASH FLOWS FROM OPERATING ACTIVITIES:

     Net loss                                                              $ (5,187)         $ (5,865)         $(52,836)

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

          Changes in accounts - related party                                    --             2,500            15,121
          Changes in accounts payable                                         2,487              (514)           10,915
          Capital contributions - expenses                                    2,700             2,700            24,300
                                                                           --------          --------          --------

       Net Cash (Deficiency) from Operations                                     --            (1,179)           (2,500)
                                                                           --------          --------          --------

CASH FLOWS FROM FINANCING ACTIVITIES:

          Proceeds from issuance of common stock                                 --                --             2,500
                                                                           --------          --------          --------

                                                                                 --                --             2,500
                                                                           --------          --------          --------

     Net Increase (Decrease) in Cash                                             --            (1,179)               --

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

     CASH AT END OF PERIOD                                                 $     --          $     (-)          $    --
                                                                           ========          ========          ========
</TABLE>



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



                                       6
<PAGE>

                           CORONADO EXPLORATIONS LTD.
                         (An Exploration Stage Company)

                          NOTES TO FINANCIAL STATEMENTS

                                 April 30, 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. At the report date mineral claims had been
         acquired. The Company 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 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 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 April 30, 2001, the Company had a net operating loss carry forward
         of $52,836. The tax benefit of $15,850 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.

         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.



                                       7
<PAGE>

                           CORONADO EXPLORATIONS LTD.
                         (An Exploration Stage Company)

                          NOTES TO FINANCIAL STATEMENTS

                                 April 30, 2001

                      (Unaudited - Prepared by Management)


2.       SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED

         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.



                                       8
<PAGE>

                           CORONADO EXPLORATIONS LTD.
                         (An Exploration Stage Company)

                          NOTES TO FINANCIAL STATEMENTS

                                 April 30, 2001

                      (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 had acquired mineral claims located in the Bralorne Mining
         area of British Columbia with an expiration date of February 26, 2001.
         These claims expired at this date due to lack of payment of the $2,800
         owing to keep them in good standing.

4.       RELATED PARTY TRANSACTIONS

         Related parties acquired 20% 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.





                                       9
<PAGE>

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

                           ITEM 2. PLAN OF OPERATIONS

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


The Company did not undertake any exploration work nor did it pay cash-in-lieu
instead of performing the assessment work. By not performing assessment work or
paying cash-in-lieu to the Gold Commissioners Office of British Columbia to
maintain the mineral claims in good standing for another year, the mineral
claims expired on February 20, 2001. The Company has no further rights to the
mineral on the claims. Management is considering various other areas that the
Company could develop as a new project but no decision has been made at this
time. Management is not restricting itself to only the mineral industry since it
will consider other projects unrelated to the mineral exploration industry. ___
No decision has been made as at the date of this Form 10QSB.

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

The Company, at the present time, does not have the capital resources to obtain
and develop another project for the Company. With no cash in the Company's bank
account and outstanding accounts payable in excess of $25,000 the management of
the Company will have to consider various methods of obtaining funding for the
Company. At the present time no consideration has been given to the appropriate
method of funding a new project.

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

The Company has had no operations during the current period.



                                       10
<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)




       June 1, 2001                            /s/   "Mary M. Hethey"
---------------------------         --------------------------------------------
           Date                        Mary M. Hethey - Director and President







                                       11