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

                                   FORM 10-QSB
(Mark One)
[X]  QUARTERLY REPORT UNDER SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT
     OF 1934

     For the quarterly period ended June 30, 2002
                                    -------------

[ ]  TRANSITION REPORT UNDER SECTION 13 OR 15 (d) OF THE EXCHANGE ACT

     For the transition period from _ _ _ _ _ _ _ _ _ _  to _ _ _ _ _ _ _ _ _ _

     Commission file number 0-24393
                            -------

                            AURORA GOLD CORPORATION
                            -----------------------
        (Exact name of small business issuer as specified in its charter)

             Delaware                                    13-3945947
   ---------------------------                -------------------------------
  (State or other jurisdiction               (IRS Employer Identification No.)
 of incorporation organization)

P.O. Box 3711 STN TERMINAL, 349 West Georgia Street,
Vancouver B.C. Canada V6B 3Z1
--------------------------------------------------------------------------------
(Address of principal executive offices)

(604) 687-4432
--------------
(Issuer's Telephone Number)


(Former name, former address and former fiscal year, if changed since last
report)

Check whether the issuer (1) has filed all reports required to be filed by
Section 13 or 15 (d) of the Exchange Act during the preceding 12 months (or for
such shorter period that the registrant was required to file such reports), and
(2) has been subject to such filing requirements for the past 90 days.

YES [X]  NO [ ]

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE
PRECEDING FIVE YEARS

Check, whether the registrant filed all documents and reports required to be
filed by Section 12, 13 or 15 (d) of the Exchange Act after the distribution of
securities under a plan confirmed by court.

YES  [ ]  NO  [ ]

APPLICABLE  ONLY  TO  CORPORATE  ISSUERS

State the number of shares outstanding of each of the issuer's classes of common
equity,  as  of  the  latest practicable date: 15,595,376 shares of Common Stock
                                               ----------
were  outstanding  as  of  June  30,  2002.
                           ---------------

Transitional  Small  Business  Disclosure  Format  (check  one);

YES  [ ]  NO  [X]


<PAGE>
                             AURORA GOLD CORPORATION

This quarterly report contains statements that plan for or anticipate the future
and  are  not  historical facts. In this Report these forward looking statements
are  generally  identified  by  words  such  as "anticipate", "plan", "believe",
"expect",  "estimate",  and the like. Because forward looking statements involve
future  risks  and  uncertainties,  these  are  factors  that could cause actual
results  to  differ  materially  from  the  estimated  results.  These risks and
uncertainties  are  detailed  in  Part  1  -  Financial  Information  -  Item 1.
"Financial Statements", Item 2. "Management's Discussion and Analysis or Plan of
Operation".

The  Private  Securities  Litigation  Reform Act of 1995, which provides a "safe
harbor"  for  such  statements,  may  not  apply  to  this  Report.


                                      INDEX

                                                                        Page No.
PART I.   Financial Information

Item 1.   Financial Statements
          Consolidated Balance Sheets --                                       3
          June 30, 2002 and December 31, 2001

          Consolidated Statements of Operations --                             4
          Six-Months Ended June 30, 2002

          Consolidated Statements of Cash Flows --                             5
          Six-Months Ended June 30, 2002

          Notes to Consolidated Financial Statements                           6

Item 2.   Management's Discussion and Analysis of
          Financial Condition and Results of Operations                        9

PART II.  Other Information

Item 1.   Legal Proceedings                                                   12

Item 2.   Changes in Securities                                               12

Item 3.   Defaults Upon Senior Securities                                     12

Item 4.   Submission of Matters to A Vote of Security Holders                 12

Item 5.   Other Information                                                   12

Item 6.   Exhibits and Reports on Form 8-K                                    12

Signatures                                                                    13


                                        2
<PAGE>
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------
AURORA GOLD CORPORATION & SUBSIDIARIES
(An exploration stage enterprise)

Consolidated Balance Sheet
June 30, 2002
(Expressed in U.S. Dollars)                                        June 30      December 31
(Unaudited)                                                           2002             2001
--------------------------------------------------------------------------------------------
<S>                                                              <C>           <C>

ASSETS
Current
  Cash                                                           $       406   $         92
  Receivables                                                            611            593
  Loan receivable                                                          -              -
  Investments                                                        103,489         65,050
--------------------------------------------------------------------------------------------
Total current assets                                                 104,506         65,735

Fixed assets                                                          12,298         17,225
Mineral property costs                                                     -              -
                                                                 ---------------------------
                                                                 $   116,804   $     82,960
--------------------------------------------------------------------------------------------

LIABILITIES AND STOCKHOLDERS' (DEFICIENCY)

Liabilities

Current
  Accounts payable and accrued liabilities                       $    20,060   $    150,617
  Loans payable                                                      271,854        323,477
--------------------------------------------------------------------------------------------
Total Liabilities                                                    291,914        474,094
--------------------------------------------------------------------------------------------

Stockholders' Deficiency,
  Share Capital
     Authorized
     50,000,000 common shares, with par value $0.001each
     Issued
       15,595,376 (Dec 2001 - 12,873,943) common shares               15,595         12,874
     Additional paid-in capital                                    3,524,981      3,271,163
       Advances for stock subscriptions                                    -              -
     Accumulated (deficit)                                        (3,612,197)    (3,533,243)
     Accumulated other comprehensive (loss),
       unrealized loss on securities available for sale             (103,489)      (141,928)
--------------------------------------------------------------------------------------------
Stockholders' (deficiency)                                          (175,110)      (391,134)
--------------------------------------------------------------------------------------------
Total liabilities and stockholders' (deficiency)                 $   116,804   $     82,960
--------------------------------------------------------------------------------------------

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


                                        3
<PAGE>
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------
AURORA GOLD CORPORATION & SUBSIDIARIES
(An exploration stage enterprise)

                                                     October 10
Consolidated Statement of Operations                       1995    Three months    Three months    Six months   Six months
(Expressed in U.S. Dollars)                      (inception) to           ended           ended         ended        ended
(Unaudited)                                             June 30         June 30         June 30       June 30      June 30
                                                           2002   --------------  --------------  ------------  -----------
                                                   (cumulative)            2002            2001          2002         2001
---------------------------------------------------------------------------------------------------------------------------
<S>                                             <C>               <C>             <C>             <C>           <C>

General and administrative expenses
  Depreciation and amortization                 $        40,147   $       2,463   $       1,517   $     4,927   $     2,664
  Interest, bank charges and foreign exchange            41,483             448             774           648           966
  Administrative and general                            680,483          68,248           2,649        70,417        14,970
  Professional fees - accounting and legal              341,643           1,122          (3,501)          694         2,759
  Salaries and consulting fees                          854,097               -          32,811         1,440        45,625
                                                      1,957,853          72,281          34,250        78,126        66,984
---------------------------------------------------------------------------------------------------------------------------

Exploration expenses                                  1,403,578               -               -           829           880
Write off of mineral property costs                     172,981               -               -             -             -
                                                      3,534,412          72,281          34,250        78,955        67,864
Less: Other income (loss)
Gain on disposition of subsidiary                       216,474               -               -             -       216,474
Interest income                                          22,339               -              38             1           186

Operating loss of Spun-off operations                  (316,598)              -               -             -             -
                                                        (77,785)              -              38             1       216,660
---------------------------------------------------------------------------------------------------------------------------
Net income (loss) for the period                     (3,612,197)        (72,281)        (34,212)      (78,954)      148,796
Income (loss) per share, basic and diluted                        $       (0.01)  $       (0.00)  $     (0.01)  $      0.01
Weighted average number of
    common shares outstanding
    - basic and diluted                                              13,463,587      12,873,943    13,463,587    12,873,943
---------------------------------------------------------------------------------------------------------------------------

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


                                        4
<PAGE>
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------
AURORA GOLD CORPORATION & SUBSIDIARIES
(An exploration stage enterprise)
                                                    October 10
                                                       1995         Six months    Six months
Consolidated Statement of Cash Flows              (inception) to      ended         ended
(Expressed in U.S. Dollars)                          June 30         June 30       June 30
(Unaudited)                                            2002        --------------------------
                                                   (cumulative)        2002          2001
---------------------------------------------------------------------------------------------
<S>                                              <C>               <C>           <C>

Cash flows from (used in) operating activities
  Net income (loss) for the period               $    (3,612,197)  $   (78,954)  $   148,798
  Adjustments to reconcile net loss to net
    cash used in operating activities
    -depreciation and amortization                        40,147         4,927         2,664
    -compensation on stock options                       720,500             -             -
    -expenses satisfied with common stock                548,739       256,539             -
    -write off of mineral properties                     172,981             -             -
    -adjustment for spin-off of subsidiaries             316,498             -             -
---------------------------------------------------------------------------------------------
                                                      (1,813,332)      182,512       151,462
Changes in assets and liabilities
    -decrease (increase) in receivables                     (611)          (18)       18,802
    -increase (decrease) in accounts payable             291,914      (182,180)     (169,512)
---------------------------------------------------------------------------------------------
                                                      (1,522,029)          314           752
---------------------------------------------------------------------------------------------

Cash flows from (used in) investing activities
  Purchase of fixed assets                               (55,383)            -             -
  Proceeds on disposal of fixed assets                    14,449             -             -
  Mineral property costs                                (172,981)            -             -
  Incorporation costs                                    (11,511)            -             -
  Available-for-sale securities                         (206,978)            -             -
---------------------------------------------------------------------------------------------
                                                        (432,404)            -             -
---------------------------------------------------------------------------------------------

Cash flows from (used in) financing activities
  Proceeds from issuance of common
  stock and stock subscription receipts                1,954,839             -             -
---------------------------------------------------------------------------------------------
                                                       1,954,839             -             -
---------------------------------------------------------------------------------------------

Increase (decrease) in cash for the period                   406           314           752
Cash and cash equivalents, beginning of period                 -            92         1,685
---------------------------------------------------------------------------------------------
Cash and cash equivalents, end of period         $           406   $       406   $     2,437
---------------------------------------------------------------------------------------------

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


                                        5
<PAGE>
     Notes  to  Interim  Consolidated  Financial  Statements  (Unaudited)
     --------------------------------------------------------------------

1.   Nature of Business and Continuance of Operations

     The  Company  was formed on October 10, 1995 under the laws of the State of
     Delaware  and is in the business of location, acquisition, exploration and,
     if  warranted,  development  of mineral properties. The Company has not yet
     determined  whether  its  properties  contain  mineral reserves that may be
     economically  recoverable.

     These  consolidated  financial  statements have been prepared in accordance
     with  generally  accepted  accounting  principles  applicable  to  a  going
     concern,  which contemplates the realization of assets and the satisfaction
     of  liabilities  and  commitments  in  the  normal  course of business. The
     general  business  strategy of the Company is to acquire mineral properties
     either  directly  or  through  the  acquisition  of operating entities. The
     continued  operations  of  the  Company  and  the recoverability of mineral
     property  costs is dependent upon the existence of economically recoverable
     mineral  reserves, confirmation of the Company's interest in the underlying
     mineral claims, the ability of the Company to obtain necessary financing to
     complete the development and upon future profitable production. The Company
     has  incurred  recurring  operating losses and requires additional funds to
     meet  its  obligations  and  maintain its operations. Management's plans in
     this  regard  are  to  raise  equity  financing  as  required.

     These  conditions  raise  substantial  doubt about the Company's ability to
     continue  as a going concern. These financial statements do not include any
     adjustments  that  might  result  from  this  uncertainty.

     The  Company  has  not  generated  any  operating  revenues  to  date.

2.   Basis of Presentation

     The accompanying unaudited condensed consolidated financial statements have
     been  prepared  in accordance with generally accepted accounting principles
     for interim financial information and with the instructions for Form 10-QSB
     and  Article  10  of Regulation S-X and include the accounts of the Company
     and  its  wholly-owned  subsidiary  Aurora  Gold  S.A.  All  inter-company
     transactions  and  balances  have been eliminated. Accordingly, they do not
     include  all  the  information and footnotes required by generally accepted
     accounting  principles for complete financial statements. In the opinion of
     management,  all  adjustments  (consisting  only  of  normal  recurring
     adjustments)  considered  necessary  for  a  fair  presentation  have  been
     included.  Operating  results  for the six-month period ended June 30, 2002
     are  not necessarily indicative of the results that may be expected for the
     year  ended  December  31,  2002.

     The  balance  sheet  at December 31, 2001 has been derived from the audited
     financial  statements  at  that date. The consolidated financial statements
     and footnotes thereto included in the Aurora Gold Corporation Annual Report
     on  Form  10-KSB for the year ended December 31, 2001 should be reviewed in
     connection  with  these  condensed  consolidated  financial  statements.

3.   Significant Accounting Policies

     (a)  Accounting Estimates

          The  preparation  of financial statements in conformity with generally
          accepted  accounting  principles requires management to make estimates
          and  assumptions  that  affect  the  reported  amounts  of  assets and
          liabilities and disclosure of contingent assets and liabilities at the
          date  of the financial statements and the reported amounts of revenues
          and  expenses during the reporting period. Actual results could differ
          from  those  estimates  and  assumptions.

     (b)  Fixed Assets

          Depreciation  is based on the estimated useful lives of the assets and
          is  computed using the straight-line method. Fixed assets are recorded
          at  cost.  Depreciation  is  provided over the following useful lives:


                                        6
<PAGE>
                Computer  equipment            2 years
                Telecommunication equipment    5 years
                Office  equipment              5 years

     (c)  Mineral Properties and Exploration Expenses

          Exploration  costs  are  charged  to operations as incurred until such
          time  that proven reserves are discovered. From that time forward, the
          Company  will capitalize all costs to the extent that future cash flow
          from  mineral  reserves  equals  or  exceeds  the  costs deferred. The
          deferred  costs will be amortized over the recoverable reserves when a
          property  reaches  commercial  production.  As  at  June  30, 2002 and
          December  31,  2001,  the  Company  did  not  have  proven  reserves.

          Costs  of  initial  acquisition  of mineral rights and concessions are
          capitalized  until  the properties are abandoned or the right expires.

          Exploration  activities conducted jointly with others are reflected at
          the  Company's  proportionate  interest  in  such  activities

          Costs  related  to site restoration programs are accrued over the life
          of  the  project.

     (d)  Stock-Based Compensation

          The  Company  applies  Accounting Principles Board ("APB") Opinion No.
          25,  "Accounting  for  Stock  Issued  to  Employees",  and  related
          interpretations  in  accounting  for stock option plans. Under APB No.
          25,  compensation  cost  is  recognized  for  stock options granted at
          prices  below  the  market price of the underlying common stock on the
          date  of  grant.

          SFAS  No. 123, "Accounting for Stock-Based Compensation", requires the
          Company  to  provide  pro-forma information regarding net income as if
          compensation  cost  for  the  Company's  stock  option  plan  had been
          determined  in  accordance with the fair value based method prescribed
          in  SFAS  No.  123.

     (e)  Advertising Expenses

          The  Company  expenses  advertising  costs  as incurred. There were no
          advertising  expenses  incurred  by  the Company for the periods ended
          June  30,  2002  and  December  31,  2001.

     (f)  Long-Lived Assets Impairment

          Certain  long-term  assets of the Company are reviewed when changes in
          circumstances  require  as  to whether their carrying value has become
          impaired,  pursuant  to guidance established in Statement of Financial
          Accounting  Standards ("SFAS") No. 121, "Accounting for the impairment
          of  Long-Lived  Assets  and  for Long-Lived Assets to be Disposed of".
          Management  considers  assets  to  be  impaired  if the carrying value
          exceeds  the  future  projected  cash  flows  from  related operations
          (undiscounted  and  without interest charges). If impairment is deemed
          to  exist,  the  assets  will  be  written  down  to  fair  value.

     (g)  Accounting for Derivative Instruments and Hedging Activities

          In June 1998, the Financial Accounting Standards Board issued SFAS No.
          133  "Accounting  for  Derivative Instruments and Hedging Activities".
          SFAS  No. 133 requires companies to recognize all derivative contracts
          as  either  assets  or liabilities in the balance sheet and to measure
          them at fair value. If certain conditions are met, a derivative may be
          specifically designated as a hedge, the objective of which is to match
          the  timing of gain or loss recognition on the hedging derivative with
          the  recognition  of  (i)  the changes in the fair value of the hedged
          asset  or  liability  that are attributable to the hedged risk or (ii)


                                        7
<PAGE>
          the designated as a hedging instrument, the gain or loss is recognized
          in  income  in the period of change. SFAS No. 133 is effective for all
          fiscal  quarters  of  fiscal  years  beginning  after  June  15, 2000.

          Historically,  the  Company  has not entered into derivative contracts
          either  to  hedge  existing  risks  or  for  speculative purposes. The
          Company  does  not  anticipate that the adoption of the statement will
          have  a  significant  impact  on  its  financial  statements.

     (h)  Income Taxes

          The  Company  has  adopted Statement of Financial Accounting Standards
          ("SFAS")  No.  109,  "Accounting for income Taxes", which requires the
          Company  to  recognize  deferred  tax  liabilities  and assets for the
          expected  future  tax consequences of events that have been recognized
          in  the  Company's  financial  statements  or  tax  returns  using the
          liability  method.  Under  this  method,  deferred tax liabilities and
          assets  are  determined based on the differences between the financial
          statement  carry amounts and tax bases of assets and liabilities using
          enacted  tax rates in effect in the years in which the differences are
          expected  to  reverse.

     (i)  Loss Per Share

          Loss per share is computed using the weighted average number of shares
          outstanding during the year. Effective for the year ended December 31,
          1997,  the Company adopted SFAS No. 128, "Earnings Per Share". Diluted
          loss  per  share  is  equivalent  to  basic  loss  per  share.

4    Fixed Assets

     ----------------------------------------------------------------
                                                 June 30    December
                                                  2002      31, 2001
     ----------------------------------------------------------------
     Computer equipment                         $ 15,125   $  15,125
     Telecommunication equipment                   1,875       1,875
     Office equipment                             13,583      13,583
     ----------------------------------------------------------------
                                                  30,583      30,583
     Accumulated depreciation and amortization   (18,284)    (13,358)
     ----------------------------------------------------------------
                                                $ 12,298   $  17,225
     ----------------------------------------------------------------

5.   Mineral Properties and Exploration Expenses

     A summary of cumulative exploration expenditures is as follows:

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                                                  Accumulated                                                      Accumulated
                                                      Balance                                                          Balance
                                                  December 31                                                          June 30
                                                         2001     Additions   Write Off   Cost Recovery   Spin off        2002
-------------------------------------------------------------------------------------------------------------------------------
<S>                                               <C>           <C>           <C>         <C>             <C>        <C>

Property exploration
Expenditures:
Canada - Cape Breton                                    96,186             -           -               -          -      96,186
Canada - Kumealon                                        4,076           829           -               -          -       4,905
Canada - Yukon   owned
by Deltango Gold Ltd.,
Spun-off                                               443,118             -           -               -          -     443,118
Guatemala                                              255,034             -           -               -          -     255,034
United States -Totem Talc                               51,201             -           -               -          -      51,201
Project assessment                                     553,134             -           -               -          -     553,134
-------------------------------------------------------------------------------------------------------------------------------
Total                                             $  1,402,749  $        829  $        -  $            -  $       -  $1,403,578
-------------------------------------------------------------------------------------------------------------------------------
</TABLE>


                                        8
<PAGE>
6.   Loans Payable

     Loans payable are unsecured, non-interest bearing and due on demand.

7.   Spin-off of Deltango Gold Limited

     In  fiscal  year  2001, the Company disposed of its wholly owned subsidiary
     Deltango Gold Limited ("Deltango") for $Nil consideration to the management
     of Deltango. Deltango's management assumed the current debt of $217,332 and
     all  future  debt  and  liabilities  of  the  Company.  As  at  the date of
     disposition,  Deltango had a stockholder's deficiency of $476,038; $259,564
     of  which  was  funded  by  the Company, with the balance of $216,474 being
     funded  by  other  creditors.  Since  the  debt  due to other creditors was
     assumed  by  the  purchaser,  the  Company  recorded  a gain on recovery of
     exploration  costs  expensed  previously.

8.   Outstanding Options

     At June 30, 2002 and December 31, 2001 the Company had No options
     outstanding.

9.   Related Party Transactions

     Related party transactions not disclosed elsewhere in these financial
     statements include:

     a)   During the six-month period ended June 30, 2002, salaries and
          consulting fees of $1,440 (2001 - $45,625) were paid or are payable to
          directors or former directors.

     Except as otherwise noted, these transactions are recorded at the exchange
     amount, being the value established and agreed to by the related parties.

10.  Reclassifications

     Certain  reclassifications of prior-year balances have been made to conform
     to  current  year  classifications.

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


ITEM 2.     MANAGEMENT'S' DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS

(A)  General

     The Company is a mineral exploration company based in Vancouver, Canada and
     is  engaged  in  the  exploration  for  precious  metals.  The  Company was
     incorporated  under  the laws of the State of Delaware on October 10, 1995,
     under  the  name  "Chefs Acquisition Corp.". On August 20, 1996 the Company
     changed  its  name  to  Aurora Gold Corporation and is an exploration stage
     enterprise.  This  document  contains  numerous  forward-looking statements
     relating  to  the  Company's business. The United States Private Securities
     Litigation  Reform  Act  of  1995  provides  a  "safe  harbor"  for certain
     forward-looking  statements. Operating, exploration and financial data, and
     other  statements  in  this  document  are based on information the company
     believes  reasonable,  but  involve  significant uncertainties as to future
     gold  and  silver  prices, costs, ore grades, estimation of gold and silver
     reserves,  mining and processing conditions, changes that could result from
     the  Company's  future  acquisition of new mining properties or businesses,
     the  risks  and  hazards  inherent  in  the  mining  business  (including
     environmental  hazards,  industrial  accidents,  weather  or  geologically
     related  conditions), regulatory and permitting matters, and risks inherent
     in  the  ownership and operation of, or investment in, mining properties or
     businesses  in  foreign countries. Actual results and timetables could vary
     significantly  from  the  estimates presented. Readers are cautioned not to
     put undue reliance on forward-looking statements. The Company disclaims any


                                        9
<PAGE>
     intent  or  obligation to update publicly these forward-looking statements,
     whether  as  a  result  of  new  information,  future  events or otherwise.

     None  of  the  Company's  properties  contain  any  known Mineral Reserves.

     The  Company's  common  stock  is  traded on the NASD's OTC Bulletin Board.

(B)  Significant  developments  during the six-month period ended June 30, 2002.

     During  the  six  month period ended June 30, 2002 the Company continued to
     examine  data  relating  to  the  potential  acquisition  of  exploration
     properties  in  Guatemala,  Mexico  and  the  United  States  of  America.

(C)  EXPLORATION AND DEVELOPMENT

     The  Company  conducts  exploration  activities  from  its  headquarters in
     Vancouver, Canada. The Company owns or controls unpatented mining claims in
     British  Columbia  Canada.  The  Company's  strategy  is to concentrate its
     investigations  into:  (i)  Existing  operations  where  an  infrastructure
     already  exists;  (ii)  Properties  presently  being  developed  and/or  in
     advanced  stages  of  exploration  which  have  potential  for  additional
     discoveries;  and  (iii)  Grass-roots  exploration  opportunities.

     The  Company  is  currently  concentrating  its  exploration  activities in
     Canada.  The  Company  is  also  examining  data  relating to the potential
     acquisition  of  other  exploration properties in Guatemala, Mexico and the
     United  States  of  America.

     Exploration  expenses  on  the British Columbia Kumealon limestone prospect
     totalled  $829  during  the  six-months  ended June 30, 2002 (2001 - $880).

     During  fiscal  2001 the Company did not renew the five mineral exploration
     Licences  and  one mineral reconnaissance licence for its Guatemala mineral
     exploration  and  reconnaissance  concessions.

     In  April 2001 the Company disposed of its wholly owned subsidiary Deltango
     Gold  limited  which  held  five  gold  exploration properties in the Yukon
     Territory of Canada. The Company was spun-off to the management of Deltango
     Gold  Limited  for  $0  consideration.

     The  Company's  property  is in the exploration stage only and is without a
     known  body  of  Mineral  Reserves. Development of the property will follow
     only  if satisfactory exploration results are obtained. Mineral exploration
     and  development involves a high degree of risk and few properties that are
     explored  are  ultimately  developed  into  producing  mines.  There  is no
     assurance that the Company's mineral exploration and development activities
     will  result  in  any  discoveries  of  commercially  viable  bodies  of
     mineralization.  The  long-term  profitability  of the Company's operations
     will  be,  in  part,  directly  related  to  the  cost  and  success of its
     exploration  programs,  which  may  be  affected  by  a  number of factors.

(D)  Financial Information

     Six-Months Ended June 30, 2002 versus Six-Months Ended June 30, 2001

     Financing:

     In  May  2002  the  Company  settled  $256,539  of  debts with the issue of
     2,721,433  shares  of  common stock at prices ranging from $0.065 to $0.150
     per  share.  The  Company  did  not issue any shares during the fiscal year
     ended  December  31,  2001.

     Net  Loss:

     For  the  six-months ended June 30, 2002 the Company recorded a net loss of
     $78,954 or $0.01 per share, compared to net income of $148,796 or $0.01 per
     share  in  2001.


                                       10
<PAGE>
     In  fiscal  year  2001, the Company disposed of its wholly owned subsidiary
     Deltango Gold Limited ("Deltango") for $Nil consideration to the management
     of  Deltango.  At  the  date  of  disposition, Deltango had a stockholder's
     deficiency  of  $476,038; $259,564 of which was funded by the Company, with
     the balance of $216,474 being funded by other creditors. Since the debt due
     to  other  creditors  was  assumed by the purchaser, the Company recorded a
     gain  of  $216,474  on  recovery  of exploration costs expensed previously.

     Revenues:

     The  Company  had no operating revenues for the six-month period ended June
     30,  2002  (2001 - $0).

     Costs  and  Expenses:

     General  and  administrative  expenses  - For the six-months ended June 30,
     2002  the  Company  recorded general and administrative expenses of $78,126
     compared  to  $66,984  in  2001.

     Professional  fees  -  accounting and legal - For the six-months ended June
     30,  2002  the  Company recorded legal fees of $1,375 compared to $1,266 in
     2001.  For  the  six-months  ended  June  30,  2002  the  Company  recorded
     accounting  fees  of  $(681)  compared  to  $1,493  in  2001.

     Exploration  expenditures  -  For  the  six-months  ended June 30, 2002 the
     Company  recorded  exploration  expenses of $829, compared to $880 in 2001.
     The  following  is  a  breakdown of the exploration expenses by property: -
     Canada,  Kumealon  property  $829  (fiscal  2001  -  $880).

(E)  Financial  Condition  and  liquidity

     At  June 30, 2002, the Company had cash of $406 (2001 - $2,437) and working
     capital deficiency of $187,408 (2001 working capital deficiency - $252,280)
     respectively.  Total  liabilities as of June 30, 2002 were $291,914 (2001 -
     $462,993)  a  decrease  of  $171,079.

     Net  cash  from operating activities in the six-month period ended June 30,
     2002  was  $182,512  compared  to  net  cash  from  operating activities of
     $151,462  in  the  six-month  period  ended June 30, 2001. Net cash used in
     investing activities in the six-month period ended June 30, 2002 $0 (2001 -
     $0).

     The  Company  does  not  have  sufficient  working  capital  to (i) pay its
     administrative and general operating expenses through December 31, 2002 and
     (ii)  to  conduct  its  preliminary exploration programs. Without cash flow
     from operations, it may need to obtain additional funds (presumably through
     equity  offerings  and/or  debt  borrowing)  in  order,  if  warranted,  to
     implement  additional  exploration  programs  on its properties. Failure to
     obtain such additional financing may result in a reduction of the Company's
     interest  in  certain  properties or an actual foreclosure of its interest.
     The  Company has no agreements or understandings with any person as to such
     additional  financing.

     None  of  the  Company's properties has commenced commercial production and
     the  Company  has  no history of earnings or cash flow from its operations.
     While  the  Company  may  attempt  to  generate  additional working capital
     through  the  operation,  development,  sale  or  possible  joint  venture
     development of its properties, there is no assurance that any such activity
     will  generate  funds  that  will  be  available  for  operations.

     The  Company  has  not declared or paid a cash dividend on its shares since
     incorporation  and  does not anticipate doing so in the foreseeable future.


                                       11
<PAGE>
                         PART 11.     OTHER INFORMATION

ITEM  1.  Legal  Proceedings

          The  Company  is  not party to any litigation, and has no knowledge of
          any  pending  or  threatened  litigation  against  it.

ITEM  2.  Changes  in  Securities

          In  May  2002  the Company settled $256,539 of debts with the issue of
          2,721,433  shares  of  common  stock  at prices ranging from $0.065 to
          $0.150  per  share.

ITEM  3.  Defaults  Upon  Senior  Securities

          Not  Applicable

ITEM  4.  Submission  of  Matters  to  a  Vote  of  Security  Holders

          The  Company  held its Annual General Meeting on June 28, 2001. At the
          meeting  three  shareholders  holding 3,165,871 shares were present in
          person  and  59  shareholders  holding  6,063,601  were represented by
          proxy.

          At  the  meeting  unanimous  approval  by a show of hands was given in
          respect  to:

          1.   The  election  of Messrs. Antonino G. Cacace, John A.A. James and
               A.  Cameron  Richardson  as  directors  of  the  Company,  and
          2.   The  appointment  of  Moore  Stephens  Ellis  Foster  Ltd.,  as
               independent  accountants  for  the  Company.

ITEM  5.  OTHER  INFORMATION

          None.

ITEM  6.  EXHIBITS  AND  REPORTS  ON  FORM  8-K

(a)     Exhibits:

3.1     Certificate  of  Incorporation*
3.2     Certificate  of  Amendment  to  the  Certificate  of  Incorporation*
3.3     Certificate  of Restoration and Renewal of Certificate of Incorporation*
3.4     Amended  and  Restated  By-laws*
10.1    Agreement  dated  July 18, 1997 between The Company and Minera Motagua,
        S.A.*
10.2    Agreement dated August 16, 1997 between the Company and Minera Motagua,
        S.A.*
10.3    Agreement  dated  November  3,  1997  between  the  Company  and Minera
        Motagua,  S.A.*
10.4    Agreement  dated  July 28, 1998 between the Company and Minera Motagua,
        S.A.*
10.5    Agreement  dated  August  24,  1998  with  Jorge  Mario  Rios  Munoz. *
10.6    Agreement  dated  November  18,  1998  between  the  Company and United
        Catalyst,  Inc.  and  Getchell  Gold  Corporation.  *
10.7    Agreement  dated  February  23, 1999 between the Company and Gregory G.
        Crowe.  *
10.8    Option  Agreements  dated  as  shown between the Company and High Marsh
        Holdings  Ltd.*
               10.8.1 Hamman Zriba/Jebel Guebli          October 15, 1999
               10.8.2 Koudiat Sidii                      October 15, 1999
               10.8.3 Ouled Moussa (bou Jabeur Est)      October 15, 1999
               10.8.4 Hammala                            January 20, 2000
               10.8.5 El Mohguer (Garn Halfaya)          January 20, 2000


                                       12
<PAGE>
               10.8.6 Jebel Oum Edeboua (Garn Halfaya)   January 20, 2000
10.9    Joint  Venture  Agreement  between  the  Company  and  Patagonia  Gold
        Corporation  *
10.10   Letter  of Intent between the Company and Billiton UK Resources B.V. *
10.11   January  29,  2001  Subscription Agreement between Aurora Metals (BVI)
        Limited  and  Billiton  E&D  3  B.V.*
10.12   January  29, 2001 Option Agreement between Aurora Metals (BVI) Limited
        and  Billiton  UK  Resources  B.V.*

--------
*  Previously  Filed

(b)     Reports on Form 8-K

     1.   Change  in  registrant's  certifying  accounts  (filed May 16, 2000) *
     2.   Disposition  of  assets  (filed  September  2,  2000)  *

     *    Previously Filed

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

                                   SIGNATURES

The  Registrant  certifies  that  the  periodic  report containing the financial
statements fully complies with the requirements of section 13(a) or 15(d) of the
Securities  Exchange  Act  of  1934  (15  U.S.C.  78m(a)  or  78o(d))  and  that
information  contained  in  the periodic report fairly presents, in all material
respects,  the  financial  condition  and  results  of operations of the issuer.

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  thereunder  duly  authorized.

Date:   August 9, 2002             BY:  /s/ Cameron Richardson
        --------------                  ----------------------
                                        Cameron Richardson
                                        Director, President and CFO

Date:   August 9, 2002             BY:  /s/ John A.A. James
        --------------                  -------------------
                                        John A.A. James
                                        Director and Vice-President


                                       13
<PAGE>