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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM 10-QSB



|[X]   | Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 
|----- | ----------------------------------------------------------------------------------------
|      | FOR THE QUARTERLY PERIOD ENDED December 31, 2005                                        
|      |                                                                                         
|      | OR                                                                                      
|      |                                                                                         
|[   ] | 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 333-125436

ZONE MINING LIMITED



|NEVADA                                                         | N/A                                 
|-------------------------------------------------------------- | ------------------------------------
|(State of other jurisdiction of incorporation or organization) | (IRS Employer Identification Number)

C202 9801 King George Highway
Surrey, British Columbia
Canada V3T 5H6(Address of principal executive offices)

(604) 588-1183(Registrant's telephone number, including area code)

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), and (2) has been subject to such filing requirements for the past 90 days.  Yes [X]   No [   ]

The Registrant is a Shell company.  Yes  [   ]   No [X]

State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date:   As at January 31, 2006 the issuer had 3,250,000 common shares issued and outstanding.

Transitional Small Business Disclosure Format (Check one): Yes [   ] No [   ]

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PART I

Item 1.     Financial Statement



|Zone Mining Limited                                            | Statement 1                                               
|-------------------------------------------------------------- | ----------------------------------------------------------
|(An Exploration Stage Company)                                 |                                                           
|Interim Balance Sheets                                         |                                                           
|Expressed in US Funds                                          |                                                           
|                                                               |                                                           
|                                                               |                                                           
|                                                               |                                                           
|                                                               | As at                                                     
|                                                               | December 31,                                              
|                                                               | 2005                                                      
|ASSETS                                                         | (Unaudited)                                               
|Current                                                        |                                                           
|                                                               | Cash and cash equivalents                                 
|                                                               | Prepaid expense (Note 6)                                  
|                                                               | $                                                         
|                                                               |                                                           
|                                                               |                                                           
|LIABILITIES                                                    |                                                           
|Current                                                        |                                                           
|                                                               | Accounts payable                                          
|                                                               | Accrued liabilities                                       
|                                                               | Due to related party (Note 5)                             
|                                                               |                                                           
|                                                               |                                                           
|Going Concern (Note 1)                                         |                                                           
|                                                               |                                                           
|                                                               |                                                           
|SHAREHOLDERS' EQUITY (DEFICIENCY)                              |                                                           
|Capital Stock (Note 4)                                         |                                                           
|                                                               | Authorized:                                               
|                                                               | 100,000,000 common shares, $0.00001 par value             
|                                                               | 100,000,000 preferred shares, $0.00001 par value          
|                                                               | Issued and outstanding shares:                            
|                                                               | 3,250,000 (March 31 - 750,000) common shares - Statement 3
|Capital in excess of par value - Statement 3                   |                                                           
|Deficit accumulated during the exploration stage - Statement 3 |                                                           
|                                                               |                                                           
|                                                               | $                                                         





- See Accompanying Notes -
F-1



-2-

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|Zone Mining Limited                           | Statement 2           
|--------------------------------------------- | ----------------------
|(An Exploration Stage Company)                |                       
|Interim Statements of Loss                    |                       
|Expressed in US Funds                         |                       
|Unaudited                                     |                       
|                                              |                       
|                                              |                       
|                                              |                       
|                                              | Cumulative from       
|                                              | Inception             
|                                              | (January 31,          
|                                              | 2005) to              
|                                              | December 31,          
|                                              | 2005                  
|                                              |                       
|General and administrative expenses           | $                     
|                                              |                       
|Loss Before Other Items                       |                       
|                                              |                       
|Other Items                                   |                       
|                                              | Mineral property costs
|                                              | Foreign exchange gain 
|Loss for the Period                           | $                     
|                                              |                       
|                                              |                       
|Basic and Diluted Loss per Common Share       |                       
|                                              |                       
|                                              |                       
|Weighted Average Number of Shares Outstanding |                       













- See Accompanying Notes -
F-2



-3-

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|Zone Mining Limited                                     | Statement 3                  
|------------------------------------------------------- | -----------------------------
|(An Exploration Stage Company)                          |                              
|Interim Statements of Shareholders' Equity (Deficiency) |                              
|Expressed in US Funds                                   |                              
|Unaudited                                               |                              
|                                                        |                              
|                                                        |                              
|                                                        |                              
|                                                        | Common Shares                
|                                                        | Shares                       
|                                                        |                              
|Inception - January 31, 2005                            | -                            
|                                                        | Common shares issued for cash
|                                                        |                              
|                                                        | Loss for the period          
|                                                        |                              
|Balance - March 31, 2005                                | 750,000                      
|                                                        | Common shares issued for cash
|                                                        |                              
|                                                        |                              
|                                                        | Loss for the period          
|                                                        |                              
|Balance - December 31, 2005                             | 3,250,000                    















- See Accompanying Notes -
F-3



-4-

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|Zone Mining Limited                                  | Statement 4                                            
|---------------------------------------------------- | -------------------------------------------------------
|(An Exploration Stage Company)                       |                                                        
|Interim Statements of Cash Flows                     |                                                        
|Expressed in US Funds                                |                                                        
|Unaudited                                            |                                                        
|                                                     |                                                        
|                                                     |                                                        
|                                                     |                                                        
|                                                     | Cumulative                                             
|                                                     | from Inception                                         
|                                                     | (January 31,                                           
|                                                     | 2005) to                                               
|                                                     | December 31,                                           
|Cash Resources Provided By (Used In)                 | 2005                                                   
|Operating Activities                                 |                                                        
|                                                     | Loss for the period                                    
|                                                     | Changes in operating assets and liabilities            
|                                                     | Prepaid expense                                        
|                                                     | Accounts payable and accrued liabilities               
|                                                     |                                                        
|                                                     |                                                        
|Financing Activities                                 |                                                        
|                                                     | Advances from related party                            
|                                                     | Issuance of capital stock                              
|                                                     |                                                        
|                                                     |                                                        
|Net Increase (Decrease) in Cash and Cash Equivalents |                                                        
|                                                     | Cash and cash equivalent position - Beginning of period
|Cash and Cash Equivalents Position - End of Period   | $                                                      
|                                                     |                                                        
|                                                     |                                                        
|                                                     |                                                        
|                                                     |                                                        
|                                                     |                                                        
|Supplemental Cash Flow Disclosure:                   |                                                        
|                                                     | Cash paid for interest                                 
|                                                     | Cash paid for income taxes                             







- See Accompanying Notes -
F-4



-5-

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|Zone Mining Limited                  
|-------------------------------------
|(An Exploration Stage Company)       
|Notes to Interim Financial Statements
|December 31, 2005                    
|Expressed in US Funds                
|Unaudited                            
|                                     
|                                     
|                                     
|1.                                   
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
|2.                                   
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     

F-5

-6-

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|Zone Mining Limited                  
|-------------------------------------
|(An Exploration Stage Company)       
|Notes to Interim Financial Statements
|December 31, 2005                    
|Expressed in US Funds                
|Unaudited                            
|                                     
|                                     
|                                     
|2.                                   
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     

F-6



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|Zone Mining Limited                  
|-------------------------------------
|(An Exploration Stage Company)       
|Notes to Interim Financial Statements
|December 31, 2005                    
|Expressed in US Funds                
|Unaudited                            
|                                     
|                                     
|                                     
|2.                                   
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     



F-7



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|Zone Mining Limited                  
|-------------------------------------
|(An Exploration Stage Company)       
|Notes to Interim Financial Statements
|December 31, 2005                    
|Expressed in US Funds                
|Unaudited                            
|                                     
|                                     
|                                     
|2.                                   
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
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F-8



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|Zone Mining Limited                  
|-------------------------------------
|(An Exploration Stage Company)       
|Notes to Interim Financial Statements
|December 31, 2005                    
|Expressed in US Funds                
|Unaudited                            
|                                     
|                                     
|                                     
|2.                                   
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     

F-9



-10-

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|Zone Mining Limited                  
|-------------------------------------
|(An Exploration Stage Company)       
|Notes to Interim Financial Statements
|December 31, 2005                    
|Expressed in US Funds                
|Unaudited                            
|                                     
|                                     
|                                     
|3.                                   
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
|4.                                   
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
|5.                                   
|                                     
|                                     
|                                     
|                                     
|6.                                   
|                                     
|                                     
|                                     

F-10

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|Zone Mining Limited                  
|-------------------------------------
|(An Exploration Stage Company)       
|Notes to Interim Financial Statements
|December 31, 2005                    
|Expressed in US Funds                
|Unaudited                            
|                                     
|                                     
|                                     
|7.                                   
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     





















F-11



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ITEM 2.     MANAGEMENT DISCUSSION AND ANALYSIS

This report includes a number of forward looking statements that reflect our current views with respect to future events and financial performance. Forward-looking statements are often identified by words like: believe, expect, estimate, anticipate, intend, project and similar expressions, or words which, by their nature, refer to future events. You should not place undue certainty on these forward-looking statements, which apply only as of the date of quarterly report. These forward-looking states are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or out predictions.

Plan of Operation

We are a start-up, exploration stage corporation and have not yet generated or realized any revenues from our business operations.

Our auditors have issued a going concern opinion. This means that there is substantial doubt that we can continue as an on-going business for the next twelve months unless we obtain additional capital to pay our bills. This is because we have not generated any revenues and no revenues are anticipated until we begin removing and selling minerals. There is no assurance we will ever reach this point.

Accordingly, we must raise cash from sources other than the sale of minerals found on the property. That cash must be raised from other sources. Our only other source for cash at this time is investments by others. We must raise cash to implement our project and stay in business. If we raise the amount of money in our public, we believe it, will last a minimum of twelve months.

We will be conducting research in the form of exploration of the property. Our exploration program is explained in as much detail as possible in the business section of our Form SB-2 registation statement. We are not going to buy or sell any plant or significant equipment during the next twelve months.

On March 31, 2005 we have signed an Exploration Lease Agreement to conduct exploration work in the northeast portion of the Belmont Mountain Range in western Maricopa County, Arizona.

Our exploration target is to find an ore body containing gold. Our success depends upon finding mineralized material. This includes a determination by our consultant if the property contains reserves. We have selected Gold Explorations LLC to supervise the work as of the date of report. Mineralized material is a mineralized body, which has been delineated by appropriate spaced drilling or underground sampling to support sufficient tonnage and average grade of metals to justify removal. If we don't find mineralized material or we cannot remove mineralized material, either because we do not have the money to do it or because it is not economically feasible to do it, we will cease operations and you will lose your investment.

In addition, we may not have enough money to complete our exploration of the property. If it turns out that we have not raised enough money to complete our exploration program, we will try to raise additional funds from a second public offering, a private placement or loans. At the present time, we have not made any plans to raise additional money and there is no assurance that we would be able to raise additional money in the future. If we need additional money and can't raise it, we will have to suspend or cease operations.

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We must conduct exploration to determine what amount of minerals, if any, exist on our properties and if any minerals which are found can be economically extracted and profitably processed.

The property is undeveloped raw land. Exploration and surveying has not been initiated and will not be initiated until we raise money in our public offering. That is because we do not have money to start exploration. Once the offering is concluded, we intend to start exploration operations. To our knowledge, the property has never been mined. The only event that has occurred is the locating and the recording of the lode mining claims under the direction of H.G. McNeill.

Before minerals retrieval can begin, we must explore for and find mineralized material. After that has occurred we have to determine if it is economically feasible to remove the mineralized material. Economically feasible means that the costs associated with the removal of the mineralized material will not exceed the price at which we can sell the mineralized material. We can't predict what that will be until we find mineralized material.

At this time we only have a license to explore.  In the future, we will need to negotiate with and enter into, another agreement with the owner of the property to give us the right to the mineralized material, if any.

We do not claim to have any minerals or reserves whatsoever at this time on any of the property.

We intend to implement an exploration program which consists of establishing a grid mapping and sample collecting at regular intervals. The soil and rock chip samples will be collected and analyzed for gold, silver, copper, lead and zinc. The results will be plotted on a map to determine where the elevated areas of mineralization occur. We intend to collect soil samples on 50 foot centers over the best looking areas on either 300 or 500 foot line spacing. Rock chip samples will be taken where we have the best outcrop exposures. Based upon the results of the exploration Mr. Berrow will determine, in consultation with Gold Explorations LLC, if the property is to be dropped or further exploration work done. Mr. Berrow will not receive fees for his services. The proceeds from our public offering are designed only to fund the costs of an exploration program recommended by H.G. McNeill, an Engineering Contractor. Additional funding will be required to take the property to a more advanced stage of exploration. We intend to send our samples to Chemex Labs.

We estimate the cost of the proposed work program to be $16,200. This is composed of $2,500 for a grid mapping, $7,000 for sample analysis, assays, $3,000 for labor and supplies and $2,500 for supervision, and $1,200 for office, mail couriers, equipment and the cost of preparing reports for filing with the sec. We estimate it will take up to two to three weeks to complete the grid and collect the samples. We will begin the program after the completion of the offering, weather permitting.

If we are unable to complete any phase of exploration because we don't have enough money, we will cease operations until we raise more money. If we can't or don't raise more money, we will cease operations. If we cease operations, we don't know what we will do and we don't have any plans to do anything.

We do not intend to hire additional employees at this time. All of the work on the property will be conducted by unaffiliated independent contractors that will be hired by Gold Explorations LLC. The independent contractors will be responsible for surveying, geology, engineering, and exploration.

-14-

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Limited Operating History; Need for Additional Capital

There is no historical financial information about us upon which to base an evaluation of our performance. We are an exploration stage corporation and have not generated any revenues from operations. We cannot guarantee we will be successful in our business operations. Our business is subject to risks inherent in the establishment of a new business enterprise, including limited capital resources, possible delays in the exploration of our properties, and possible cost overruns due to price and cost increases in services.

To become profitable and competitive, we will conduct the research and exploration of our properties before we start production of any minerals we may find. We are seeking equity financing to provide for the capital required to implement our research and exploration phases. We believe that the funds raised from our public offering will allow us to operate for one year.

We have no assurance that future financing will be available to us on acceptable terms. If financing is not available on satisfactory terms, we may be unable to continue, develop or expand our operations. Equity financing could result in additional dilution to existing shareholders.

Liquidity and Capital Resources

To meet our need for cash we are attempting to raise money from our public offering. We cannot guarantee that we will be able to raise enough money through our public offering to stay in business. Whatever money we do raise, will be applied to the items set forth in the Use of Proceeds section of our Form SB-2 registration statement. If we find mineralized material and it is economically feasible to remove the mineralized material, we will attempt to raise additional money through a subsequent private placement, public offering or through loans. If we do not raise all of the money we need from our public offering to complete our exploration of the property, we will have to find alternative sources, like a second public offering, a private placement of securities, or loans from our officers or others.

We have discussed this matter with our officers and directors and Mr. Berrow has agreed to advance funds as needed until our public offering is completed or failed and has agreed to pay the cost of reclamation of the property should mineralized material not be found thereon. There is no written agreement with Mr. Berrow to this affect. The agreement is entirely oral. We estimate the cost of reclamation to be not more than $5,000. Mr. Berrow has advanced $30,000 to date. At the present time, we have not made any arrangements to raise additional cash, other than through our public offering. If we need additional cash and can't raise it we will either have to suspend operations until we do raise the cash, or cease operations entirely. The funds raised in our public offering, together with the loans advanced, will allow us to operate for a minimum of one year. Other than as described in this paragraph, we have no other financing plans.

We acquired a lease that grants us the right to enter on a property which contains fifteen lode mining claims with our employees, representatives and agents, and to prospect, explore, test, develop, work and mine the property.  However, at this time, we do not have the rights to any of the minerals.  The property is staked and we will begin our exploration plan upon completion of our public offering, weather permitting. As of the date of this report we have yet to begin operations and therefore we have yet to generate any revenues.

Since inception, we have issued 3,250,000 shares of our common stock and received $65,000.

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We have received $30,000 in loans from Mr. Berrow, one of our directors.

As of the date of this report, we have yet to begin operations and therefore have not generated any revenues.

We issued 3,250,000 shares of common stock pursuant to the exemption from registration set forth in section 4(2) of the Securities Act of 1933 in February 22, 2005. The purchase price of the shares was $15,000. This was accounted for as an acquisition of shares.

As of December 31, 2005, our total assets were $46,046 and our total liabilities were $33,017.

ITEM 3.     CONTROLS AND PROCEDURES.

(a)     Evaluation of Disclosure Controls and Procedures: Disclosure controls and procedures are designed to ensure that information required to be disclosed in the reports filed or submitted under the Exchange Act is recorded, processed, summarized and reported, within the time period specified in the SEC's rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed in the reports filed under the Exchange Act is accumulated and communicated to management, including the Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure. As of the end of the period covered by this report, we carried out an evaluation, under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures. Based upon and as of the date of that evaluation, the Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures are effective to ensure that information required to be disclosed in the reports our files and submits under the Exchange Act is recorded, processed, summarized and reported as and when required.

(b)     Changes in Internal Control over Financial Reporting: There were no changes in our internal control over financial reporting identified in connection with our evaluation of these controls as of the end of the period covered by this report that affected those controls subsequent to the date of the evaluation referred to in the previous paragraph, including any correction action with regard to deficiencies and material weakness.

There were no changes in our internal controls or in other factors that could affect these controls subsequent to the date of their evaluation, including any deficiencies or material weaknesses of internal controls that would require corrective action.

PART II - OTHER INFORMATION

ITEM 2.     CHANGES IN SECURITIES AND USE OF PROCEEDS.

On October 4, 2005, our Form SB-2 registration statement (SEC file no. 333-125436) was declared effective by the SEC.  On December 23, 2005, we completed our public offering of 2,500,000 shares of common stock to 44 persons in consideration of $50,000.



-16-

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Since completing our public offering, we have used the proceeds as follows:



|Offering Expenses       | $ | 30,000
|----------------------- | - | ------
|Grid Mapping            | $ | 0     
|Sample Analysis, Assays | $ | 0     
|Labor and Supplies      | $ | 0     
|Supervision             | $ | 0     
|Stationary, Mail        | $ | 0     
|Accounting              | $ | 0     
|Office Equipment        | $ | 0     
|Cash on Hand            | $ | 0     
|Totals                  | $ | 30,000

ITEM 6.     EXHIBITS.

The following Exhibits are attached hereto:



|Exhibit No. | Document Description                                                                                                                                                                          
|----------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|            |                                                                                                                                                                                               
|31.1        | Certification of Principal Executive Officer and Principal Financial Officer pursuant to Rule 13a-14(a) and Rule 15d-14(a), promulgated under the Securities Exchange Act of 1934, as amended.
|           
|32.1        | Certification of Chief Executive Officer and Chief Financial Officer Pursuant To 18 U.S.C. Section 1350, as adopted pursuant to Section 302 Of The Sarbanes-Oxley Act of 2002.                



















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SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized on this 14th day of February, 2006.



| | ZONE MINING LIMITED
| | -------------------
| | (Registrant)       
| |                    
| | BY:                
| |                    
| |                    



























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