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**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**Washington,      DC 20549**

**FORM      10-QSB**

| [X] | QUARTERLY                REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF                1934 |
|-----|-----------------------------------------------------------------------------------------------------------------|

**September      30, 2006**

| [  ] | TRANSITION                  REPORT UNDER SECTION 13 OR 15(D) OF THE EXCHANGE ACT OF                  1934 |
|----------------|-----------------------------------------------------------------------------------------------------------|

**333-125436**

| **ZONE                MINING LIMITED**(Exact                  Name of Small Business Issuer as Specified in Its                  Charter) |
|-------------------------------------------------------------------------------------------------------------------------------------------|

| **Nevada**(State                  or Other Jurisdiction of Incorporation                  or Organization) |   | **98-0446135**(IRS                EmployerIdentification                No.) |
|------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------|

**111        Presidential Blvd., Suite 165**

**Bala        Cynwyd, PA 19004**

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**(610)        771-0680**

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**(Issuer's        Telephone Number, including Area Code)**

**APPLICABLE      ONLY TO ISSUERS INVOLVED IN**

**BANKRUPTCY      PROCEEDINGS DURING THE**

**PRECEDING      FIVE YEARS**

**APPLICABLE      ONLY TO CORPORATE ISSUERS**

**[        ]**

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**TABLE        OF CONTENTS**

|                                       |                                                                                  | **Page** |
|--------------------------------------------|----------------------------------------------------------------------------------|----------|
| **PART                  I**                |
| **FINANCIAL                  INFORMATION** |
| Item                  1.                   | Financial                  Statements                                            | 3        |
|                                       | Condensed                  Consolidated Balance Sheets - (Unaudited)             | 3        |
|                                       | Condensed                Consolidated Statements of Loss - (Unaudited)           | 4        |
|                                       | Condensed                  Consolidated Statements of Cash Flows - (Unaudited)   | 6        |
|                                       | Notes                  to Condensed Consolidated  Financial Statements | 7-13     |
|                                       |                                                                             |     |
| Item                  2.                   | Plan                  of Operation                                               | 14       |
|                                       |                                                                             |     |
| Item                  3.                   | Controls                  and Procedures                                         | 19       |
|                                       |                                                                             |     |
| **PART                  II**               |
| **OTHER                  INFORMATION**     |
|                                       |                                                                             |     |
| Item                  5.                   | Other                  Information                                               | 19       |
|                                       |                                                                             |     |
| Item                  6.                   | Exhibits                                                                         | 20       |
|                                       |                                                                             |     |
| Signatures                                 |                                                                             | 21       |

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**PART        I**
**FINANCIAL INFORMATION**

**Item        1.           Financial        Statements**

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| **Zone                  Mining Limited and Subsidiary**                     |
|-----------------------------------------------------------------------------|
| *(A                  Development Stage Company)*                            |
| **Condensed                  Consolidated Balance                  Sheets** |

|                                                                                                                                                |       | **As                  at**         | ** **   | As                  at     | ** ** |
|-----------------------------------------------------------------------------------------------------------------------------------------------------|------------|------------------------------------|--------------|----------------------------|------------|
|                                                                                                                                                | ** ** | **September                  30,** | ** **   | March                  31, | ** ** |
|                                                                                                                                                | ** ** | **2006**                           | ** **   | 2006                       | ** ** |
| **ASSETS**                                                                                                                                          | ** ** | ***(Unaudited)***                  | ** **   | *(Audited)*                |       |
| **Current**                                                                                                                                         |       |                               |         |                       |       |
|                       Cash and cash equivalents                                                                                      |       | **$**                              | **3,043**    |                       | $          | 33,245 |   |
|                       Prepaid expense                                                                                                |       |                               | **-**        |                       |       | 10,000 |   |
| Notes                  and interest receivable                                                                                                      |       |                               | **790,332**  |                       |       | - |   |
|                                                                                                                                                |       | **$**                              | **793,375**  |                       | $          | 43,245 |   |
|                                                                                                                                                |       |                               |              |                       |       |  |   |
|                                                                                                                                                |       |                               |              |                       |       |  |   |
|                                                                                                                                                |       |                               |              |                       |       |  |   |
|                                                                                                                                                |       |                               |              |                       |       |  |   |
| **LIABILITIES**                                                                                                                                     |       |                               |              |                       |       |  |   |
|                                                                                                                                                |       |                               |              |                       |       |  |   |
| **Current**                                                                                                                                         |       |                               |              |                       |       |  |   |
|                       Accounts payable and accrued liabilities                                                                       |       | **$**                              | **65,815**   |                       | $          | 10,419 |   |
|                       Convertible debenture                                                                                          |       |                               | **800,000**  |                       |       | - |   |
|                       Due to related party* *                                                                                   |       |                               | **-**        |                       |       | 29,830 |   |
| Notes                  payable - related party                                                                                                      |       |                               | **1,000**    |                       |       | - |   |
|                                                                                                                                                |       |                               | **866,815**  |                       |       | 40,249 |   |
|                                                                                                                                                |       |                               |              |                       |       |  |   |
| *Commitments                  and contingencies*                                                                                                    |       |                               |              |                       |       |  |   |
|                                                                                                                                                |       |                               |              |                       |       |  |   |
|                                                                                                                                                |       |                               |              |                       |       |  |   |
|                                                                                                                                                |       |                               |              |                       |       |  |   |
|                                                                                                                                                |       |                               |              |                       |       |  |   |
| **STOCKHOLDERS’                  EQUITY (DEFICIENCY)**                                                                                        |       |                               |              |                       |       |  |   |
|                                                                                                                                                |       |                               |              |                       |       |  |   |
| **Capital                  Stock**                                                                                                                  |       |                               |              |                       |       |  |   |
|                       Authorized:                                                                                                    |       |                               |              |                       |       |  |   |
|                                 66,666,667 common shares,                  $0.00001 par value               |       |                               |              |                       |       |  |   |
|                                 100,000,000 preferred                  shares, $0.00001 par value           |       |                               |              |                       |       |  |   |
|                       Issued and outstanding shares:                                                                                 |       |                               |              |                       |       |  |   |
|                                                            8,666,667 common shares |       |                               | **87**       |                       |       | 87 |   |
|                       Capital in excess of par value                                                                                 |       |                               | **107,911**  |                       |       | 64,913 |   |
|                       Deficit accumulated during the exploration stage* *                                                       |       |                               | **(181,438** | **)**                      |       | (62,004 | ) |
|                                                                                                                                                |       |                               | **(73,440**  | **)**                      |       | 2,996 |   |
|                                                                                                                                                |       | $                                  | **793,375**  |                       | $          | 43,245 |   |

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| **Zone                  Mining Limited and Subsidiary**              |
|----------------------------------------------------------------------|
| *(A                  Development Stage Company)*                     |
| **Condensed                  Consolidated Statements of Operations** |
|                                                                 |
| *Unaudited*                                                          |

|                                                                   |       | **Three                  Months**        | ** ** | **Six                  Months**          | ** ** | **January                  31, 2005** | ** ** |
|-------------------------------------------------------------------|------------|------------------------------------------|------------|------------------------------------------|------------|---------------------------------------|------------|
|                                                              | ** ** | **Ended                  September 30,** | ** ** | **Ended                  September 30,** | ** ** | **(Inception)                  to**   | ** ** |
| ** **                                                        | ** ** | **2006**                                 | ** ** | **2005**                                 | ** ** | **2006**                              | ** ** | **2005** | ** ** | **September                  30, 2006** |   |
|                                                              |       |                                     |       |                                     |       |                                  |       |   |   |   |   |
| Revenues                                                          |            | $                                        | -          |                                     | $          | -                                     |       | $ | - |   | $ | - |   | $ | - |   |
|                                                              |       |                                     |       |                                     |       |                                  |       |   |   |   |   |   |   |   |   |   |
| Operating                  Expenses                               |       |                                     |       |                                     |       |                                  |       |   |   |   |   |   |   |   |   |   |
| Mineral                  property costs                           |       |                                     | 676        |                                     |       | 1,875                                 |       |   | 25,676 |   |   | 1,875 |   |   | 37,551 |   |
| General                  and administrative                       |       |                                     | 75,164     |                                     |       | 4,508                                 |       |   | 93,746 |   |   | 21,894 |   |   | 143,875 |   |
|                                                              |       |                                     |       |                                     |       |                                  |       |   |   |   |   |   |   |   |   |   |
| Total                  Operating Expenses                         |       |                                     | 75,840     |                                     |       | 6,383                                 |       |   | 119,422 |   |   | 23,769 |   |   | 181,426 |   |
|                                                              |       |                                     |       |                                     |       |                                  |       |   |   |   |   |   |   |   |   |   |
| Loss                  From Operations                             |       |                                     | (75,840    | )                                        |       | (6,383                                | )          |   | (119,422 | ) |   | (23,769 | ) |   | (181,426 | ) |
|                                                              |       |                                     |       |                                     |       |                                  |       |   |   |   |   |   |   |   |   |   |
| Other                  (income) expense                           |       |                                     |       |                                     |       |                                  |       |   |   |   |   |   |   |   |   |   |
| Interest                  income                                  |       |                                     | (2,332     | )                                        |       | -                                     |       |   | (2,355 | ) |   | - |   |   | (2,355 | ) |
| Interest                  expense                                 |       |                                     | 2,367      |                                     |       | -                                     |       |   | 2,367 |   |   | - |   |   | 2,367 |   |
|                                                              |       |                                     |       |                                     |       |                                  |       |   |   |   |   |   |   |   |   |   |
| Net                  Loss to Common Stockholders                  |            | $                                        | (75,875    | )                                        | $          | (6,383                                | )          | $ | (119,434 | ) | $ | (23,769 | ) | $ | (181,438 | ) |
|                                                              |       |                                     |       |                                     |       |                                  |       |   |   |   |   |   |   |
| Basic                  and Diluted Loss per Common Share          |       | $                                        | (0.01      | )                                        | $          | (0.00                                 | )          | $ | (0.01 | ) | $ | (0.01 | ) | $ | (0.03 | ) |
|                                                              |       |                                     |       |                                     |       |                                  |       |   |   |   |   |   |   |   |   |   |
| Basic                  and Diluted Weighted Average Common Shares |       |                                     |       |                                     |       |                                  |       |   |   |   |   |   |   |   |   |   |
| Common                  Shares Outstanding                        |       |                                     | 8,666,667  |                                     |       | 2,000,000                             |       |   | 8,666,667 |   |   | 2,000,000 |   |   | 5,258,114 |   |

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| **Zone                  Mining Limited and Subsidiary**              |
|----------------------------------------------------------------------|
| *(A                  Development Stage Company)*                     |
| **Condensed                  Consolidated Statements of Cash Flows** |
|                                                                 |
| *Unaudited*                                                          |

|                                                                                                         | ** ** | ** **                                          | ** ** | ** **                         | ** ** | **January                  31, 2005** | ** ** |
|--------------------------------------------------------------------------------------------------------------|------------|-----------------------------------------------------|------------|------------------------------------|------------|---------------------------------------|------------|
| ** **                                                                                                   | ** ** | ** **                                          | ** ** | ** **                         | ** ** | **(Inception)                  to**   | ** ** |
| ** **                                                                                                   | ** ** | **Six                  Months Ended September 30,** | ** ** | **September                  30,** | ** ** |
| ** **                                                                                                   | ** ** | **2006**                                            | ** ** | **2005**                           | ** ** | **2006**                              |       |
| Cash                  Flows from Operating Activities                                                        |       |                                                |       |                               |       |
| Net                  loss                                                                                    |       | $                                                   | (119,434   | )                                  | $          | (23,769                               | )          | $ | (181,438 | ) |
| Adjustments                  to reconcile net loss to net cash used in operating                  activities |       |                                                |       |                               |       |                                  |       |   |   |   |
| Changes                  in assets and liabilities                                                           |       |                                                |       |                               |       |                                  |       |   |   |   |
| Prepaid                  expenses                                                                            |       |                                                | 10,000     |                               |       | 15,000                                |       |   | - |   |
| Interest                  receivable                                                                         |       |                                                | (2,332     | )                                  |       | -                                     |       |   | (2,332 | ) |
| Accounts                  payable and accrued expenses                                                       |       |                                                | 55,397     |                               |       | (4,392                                | )          |   | 65,815 |   |
|                                                                                                         |       |                                                |       |                               |       |                                  |       |   |   |   |
| Net                  Cash Used in Operating Activities                                                       |       |                                                | (56,369    | )                                  |       | (13,161                               | )          |   | (117,955 | ) |
|                                                                                                         |       |                                                |       |                               |       |                                  |       |   |   |   |
| Cash                  Flows from Investing Activities                                                        |       |                                                |       |                               |       |                                  |       |   |   |   |
| Loan                  to unrelated party                                                                     |       |                                                | (788,000   | )                                  |       | -                                     |       |   | (788,000 | ) |
|                                                                                                         |       |                                                |       |                               |       |                                  |       |   |   |   |
| Net                  Cash Used in Investing Activities                                                       |       |                                                | (788,000   | )                                  |       | -                  -                  |       |   | (788,000 | ) |
|                                                                                                         |       |                                                |       |                               |       |                                  |       |   |   |   |
| Cash                  Flows from Financing Activities                                                        |       |                                                |       |                               |       |                                  |       |   |   |   |
| Issuance                  of debt - unrelated party                                                          |       |                                                | 800,000    |                               |       | -                                     |       |   | 800,000 |   |
| Advances                  from related party                                                                 |       |                                                | 14,167     |                               |       | 15,000                                |       |   | 43,998 |   |
| Issuance                  of common stock, net of offering and transaction costs                             |       |                                                | -          |                               |       | -                                     |       |   | 65,000 |   |
|                                                                                                         |       |                                                |       |                               |       |                                  |       |   |   |   |
| Net                  Cash Provided by Financing Activities                                                   |       |                                                | 814,167    |                               |       | 15,000                                |       |   | 908,998 |   |
|                                                                                                         |       |                                                |       |                               |       |                                  |       |   |   |   |
| Net                  Increase (Decrease) in Cash and Cash Equivalents                                        |       |                                                | (30,202    | )                                  |       | 1,839                                 |       |   | 3,043 |   |
|                                                                                                         |       |                                                |       |                               |       |                                  |       |   |   |   |
| Cash                  and Cash Equivalents, Beginning of Period                                              |       |                                                | 33,245     |                               |       | 14,920                                |       |   | - |   |
|                                                                                                         |       |                                                |       |                               |       |                                  |       |   |   |   |
| Cash                  and Cash Equivalents, End of Period                                                    |       | $                                                   | 3,043      |                               | $          | 16,759                                |       | $ | 3,043 |   |

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| **1.** | **Organization                  and Going Concern**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   |  Zone                  Mining Limited was incorporated on January 31, 2005 in the State                  of                  Nevada, U.S.A. It is based in Bala Cynwyd, PA.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   | In                  September 2006, Zone Mining Limited formed a wholly owned subsidiary                  named                  ZM Acquisition Corp to merge with a company and survive as a wholly                  owned                  subsidiary of Zone Mining Limited. There has not been any activity                  in this                  subsidiary as of September 30, 2006 and all intercompany accounts                  have                  been eliminated upon consolidation. (See Note 6)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|   |  Zone                  Mining Limited was formed to operate as an exploration stage company                  to                  engage principally in the acquisition, exploration and development                  of                  resource properties. By Exploration Lease Agreement dated April                  18, 2005,                  Zone Mining Limited had the right to conduct exploration work on                  15                  mineral mining claims in the Maricopa County, Arizona, U.S.A. Effective                  September 17, 2006, Zone Mining Limited terminated the Exploration                  Lease                  Agreement. As a result of such termination Zone Mining Limited                  became a                  shell company, as defined under the applicable rules of the Securities                  and                  Exchange Commission. As of September 30, 2006, Zone Mining Limited                  and its                  subsidiary (the “Company”) is focused on identifying a suitable operating                  company to acquire.  |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   |  **Going                  Concern and Liquidity Considerations**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   |  The                  accompanying financial statements have been prepared assuming that                  the                  Company will continue as a going concern, which contemplates, among                  other                  things, the realization of assets and satisfaction of liabilities                  in the                  normal course of business. As of September 30, 2006, the Company                  has a                  working capital deficit of $73,440 and an accumulated deficit of                  $181,438.                  The Company intends to fund operations through equity financing                  arrangements, which may be insufficient to fund its capital expenditures,                  working capital and other cash requirements for the next twelve                  months.                                                                                                                                                                                                                                                                               |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   |  The                  ability of the Company to emerge from the development stage is                  dependent                  upon, among other things, obtaining additional financing to continue                  operations and identifying and acquiring an operating                  business.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   |  In                  response to these issues, management intends to raise additional                  funds                  through public or private placement offerings.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   |  These                  factors, among others, raise substantial doubt about the Company’s ability                  to continue as a going concern. The accompanying financial statements                  do                  not include any adjustments that might result from the outcome                  of this                  uncertainty.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |

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| **2.** | **Significant                  Accounting Policies**  |
|--------|------------------------------------------------------------|

| a)     | **Basis                  of Presentation**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|   |  The                  interim condensed consolidated financial statements and notes thereto                  of                  the Company have been prepared by management without audit, pursuant                  to                  the rules and regulations of the Securities and Exchange Commission.                  Although certain information and footnote disclosures normally                  included in                  financial statements prepared in accordance with accounting principles                  generally accepted in the United States of America have been condensed                  or                  omitted pursuant to such rules and regulations, the Company believes                  that                  the disclosures are adequate to make the information presented                  not                  misleading. The statements reflect all adjustments which are, in                  the                  opinion of management, necessary for a fair presentation of the                  results                  for the periods presented. All such adjustments are of a normal                  and                  recurring nature. These condensed consolidated financial statements                  should                  be read in conjunction with the consolidated financial statements                  and the                  notes thereto included in the Company’s 2006 Annual Report on Form 10-KSB.                  The results of operations for the interim periods are not necessarily                  indicative of the results for any subsequent quarter or the entire                  fiscal                  year ending March 31, 2007.  |

|   | b)     | **Use                  of Estimates**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|   |   |  The                  preparation of financial statements in conformity with United States                  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 amount of revenues                  and                  expenses during the reporting period. Actual results could differ                  from                  those estimates. The Company’s periodic filings with the Securities and                  Exchange Commission include, where applicable, disclosures of estimates,                  assumptions, uncertainties and markets that could affect the financial                  statements and future operations of the Company.                                                              |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|   | c)     | **Cash                  and Cash Equivalents**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|   |   |  Cash                  and cash equivalents include cash in banks, money market funds,                  and                  certificates of term deposits with maturities of less than three                  months                  from inception, which are readily convertible to known amounts                  of cash and                  which, in the opinion of management, are subject to an insignificant                  risk                  of loss in value.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|   | d)     | **Mineral                  Property Costs**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|   |   |  The                  Company has been in the exploration stage since its formation in                  January                  31, 2005 and has not yet realized any revenue from its planned                  operations.                  Until September 17, 2006, it was primarily engaged in the acquisition,                  exploration and development of mining properties. Mineral property                  acquisition and exploration costs are expensed as incurred. When                  it has                  been determined that a mineral property can be economically developed                  as a                  result of establishing proven and probable reserves, the costs                  incurred to                  develop such property, are capitalized. Such costs will be amortized                  using                  the units-of-production method over the estimated life of the probable                  reserve. As of September 30, 2006, no such costs have been                  incurred.  |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|   | e)     | **Long                  Lived Assets**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|   |   |  Long-lived                  assets are reviewed for impairment whenever events or changes in                  circumstances indicate that the carrying amount of the assets might                  not be                  recoverable or at least at the end of each reporting period. Conditions                  that would necessitate an impairment assessment include a significant                  decline in the observable market value of an asset, a significant                  change                  in the extent or manner in which an asset is used, or a significant                  adverse change that would indicate that the carrying amount of                  an asset or                  group of assets is not recoverable. For long-lived assets to be                  held and                  used, management measures fair value based on quoted market prices                  or                  based on discounted estimates of future cash flows.                                                           |

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|   | f)     | **Fair                  Value of Financial Instruments and Derivative Financial                  Instruments**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   |   |  The                  Company has adopted Statement of Financial Accounting Standards                  (“SFAS”)                  Number 119, “Disclosure About Derivative Financial Instruments and Fair                  Value of Financial Instruments.” The carrying amounts of cash and cash                  equivalents, accounts payable, accrued liabilities and amount due                  to                  related party approximate their fair values because of the short                  maturity                  of these items. Certain fair value estimates may be subject to                  and                  involve, uncertainties and matters of significant judgment, and,                  therefore, cannot be determined with precision. Changes in assumptions                  could significantly affect these estimates. The Company does not                  hold or                  issue financial instruments for trading purposes, nor does it utilize                  derivative instruments in the management of its foreign exchange,                  commodity price or interest rate market risks.                                                                                                                                                                                                                                                                    |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   | g)     | **Segmented                  Reporting**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   |   |  SFAS                  Number 131, “Disclosure About Segments of an Enterprise and Related                  Information”, changed the way public companies report information about                  segments of their business in their quarterly reports issued to                  shareholders. It also requires entity-wide disclosures about the                  products                  and services an entity provides, the material countries in which                  it holds                  assets and reports revenues and its major customers. Except for                  mineral                  property costs, which relate to operations in U.S.A., all other                  expenses,                  assets and liabilities relate to operations in Canada.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   | h)     | **Income                  Taxes**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   |   |  Deferred                  income taxes are reported for timing differences between items                  of income                  or expense reported in the financial statements and those reported                  for                  income tax purposes in accordance with SFAS Number 109, “Accounting for                  Income Taxes”, which requires the use of the asset/liability method of                  accounting for income taxes. Deferred income taxes and tax benefits                  are                  recognized for the future tax consequences attributable to differences                  between the financial statement carrying amounts of existing assets                  and                  liabilities and their respective tax bases, and for tax loss and                  credit                  carryforwards. Deferred tax assets and liabilities are measured                  using                  enacted tax rates expected to apply to taxable income in the years                  in                  which those temporary differences are expected to be recovered                  or settled.                  The Company provides for deferred taxes for the estimated future                  tax                  effects attributable to temporary differences and carryforwards                  when                  realization is more likely than not.  |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   | i)     | **Basic                  and Diluted Net Loss Per Share**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   |   |  Loss                  per common share is calculated in accordance with Statement of                  Financial                  Accounting Standards No. 128, Earnings Per Share (“FAS 128"). Basic loss                  per common share is computed based upon the weighted average number                  of                  shares of common stock outstanding for the period and excludes                  any                  potential dilution. Shares associated with stock options, warrants                  and                  convertible preferred stock are not included because their inclusion                  would                  be antidilutive (i.e., reduce the net loss per share). The                  common shares potentially issuable arising from these instruments,                  which                  were outstanding during the periods presented in the financial                  statements,                  consisted of:                                                                                                                                                                                                                                                                                                                                                                                                                                                       |

|       |       | **Six                  Months Ended September 30,** | ** ** |
|------------|------------|-----------------------------------------------------|------------|
| ** ** | ** ** | ** **                                          | **2006**   | ** ** | ** ** | **2005** |   |
|       |       |                                                |       |   |   |   |   |
| Warrants   |       |                                                | 1,333,333  |   |   | - |   |
|       |       |                                                | 1,333,333  |   |   | - |   |

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|   | j)     | **Risks                  and Uncertainties**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   |   |  The                  Company is a shell company and its sole business consists of identifying                  a                  suitable operating company to acquire and is subject to significant                  risks                  and uncertainties, including the need to raise additional capital                  and                  operational risks of any business the Company acquires.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | k)     | **Foreign                  Currency Translations**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   |   |  The                  Company’s functional and reporting currency is the US dollar. All                  transactions initiated in other currencies are translated into                  the US                  dollars using the exchange rate prevailing on the date of transaction.                  Monetary assets and liabilities denominated in foreign currencies                  are                  translated into the US dollar at the rate of exchange in effect                  at the                  balance sheet date. Unrealized exchange gains and losses arising                  from such                  transactions are deferred until realization and are included as                  a separate                  component of shareholders’ equity (deficit) as a component of                  comprehensive income or loss. Upon realization, the amount deferred                  is                  recognized in income in the period when it is realized.  |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   |   |  No                  significant realized exchange gain or losses were recorded in the                  period                  ended September 30, 2006.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | l)     | **Concentrations                  of Credit Risk**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   |   |  The                  Company’s financial instruments that are exposed to concentrations of                  credit risk primarily consist of its cash and cash equivalents                  and related                  party payables. The Company places its cash and cash equivalents                  with                  financial institutions of high credit worthiness. At times, its                  cash and                  cash equivalents with a particular financial institution may exceed                  any                  applicable government insurance limits. The Company’s management also                  routinely assesses the financial strength and credit worthiness                  of any                  parties to which it extends funds, and as such, it believes that                  any                  associated credit risk exposures are limited.                                                                                          |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | m)     | **Derivative                  Financial Instruments**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   |   |  The                  Company was not a party to any derivative financial instruments                  during the                  reported fiscal period.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |

|   | n)     | **Stock-Based                  Compensation**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|   |   |  The                  Company follows Financial Accounting Standards Board (FASB) Statement                  of                  Financial Accounting Standard (SFAS) No. 123R, “Share Based Payment”. SFAS                  123R is a revision of SFAS No. 123 “Accounting for Stock-Based                  Compensation”, and supersedes APB Opinion No. 25, “Accounting for Stock                  Issued to Employees” and its related implementation guidance. SFAS 123R                  establishes standards for the accounting for transactions in which                  an                  entity exchanges its equity instruments for goods or services.                  It also                  addresses transactions in which an entity incurs liabilities in                  exchange                  for goods or services that are based on the fair value of the entity’s                  equity instruments or that may be settled by the issuance of those                  equity                  instruments. SFAS 123R focuses primarily on accounting for transactions                  in                  which an entity obtains employee services in share-based payment                  transactions. SFAS 123R does not change the accounting guidance                  for                  share-based payment transactions with parties other than employees                  provided in SFAS 123 as originally issued and Emerging Issues Task                  Force                  Issue No. 96-18, “Accounting for Equity Instruments That Are Issued to                  Other Than Employees for Acquiring, or in Conjunction with Selling,                  Goods                  or Services”. SFAS 123R does not address the accounting for employee share                  ownership plans, which are subject to AICPA Statement of Position                  93-6,                  “Employers’ Accounting for Employee Stock Ownership Plans”. SFAS 123R                  requires a public entity to measure the cost of employee services                  received                  in exchange for an award of equity instruments based on the grant-date                  fair value of the award (with limited exceptions). That cost is                  recognized                  over the period during which an employee is required to provide                  service in                  exchange for the award - the requisite service period (usually                  the vesting                  period). SFAS 123R requires that the compensation cost relating                  to                  share-based payment transactions be recognized in financial statements.                  That cost is measured based on the fair value of the equity or                  liability                  instruments issued. The adoption of this accounting policy did                  not have                  any effect on prior periods.  |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|   |   |  As                  at September 30, 2006, the Company had no stock-based compensation                  plans                  nor had it granted options to employees. No stock-based employee                  compensation cost is reflected in net loss, as no options had been                  granted.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |

----

|   | o)     | **Comprehensive                  Income (Loss)**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   |   |  SFAS                  No. 130, “Reporting Comprehensive Income”, establishes standards for                  reporting and display of comprehensive income and its components                  in a full                  set of general-purpose financial statements. For the period ended                  September 30, 2006, the Company had no items of other comprehensive                  income. Therefore, net loss equals comprehensive loss for the period                  ended                  September 30, 2006.                                                                                                                                                                                                                                |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   | p)     | **Asset                  Retirement Obligations**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   |   |  The                  Company accounts for asset retirement obligations in accordance                  with the                  provisions of SFAS 143 “*Accounting                  for Asset Retirement Obligations*”.                  SFAS 143 requires the Company to record the fair value of an asset                  retirement obligation as a liability in the period in which it                  incurs a                  legal obligation associated with the retirement of tangible long-lived                  assets that result from the acquisition, construction, development                  and/or                  normal use of the assets. The Company had no asset retirement obligation                  as of September 30, 2006.  |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |

| **3.**  | **Mineral                  Property Costs**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|--------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|         |  By                  Exploration Lease Agreement dated April 18, 2005 with Gold Explorations                  LLC (“Gold”), the Company had the right to conduct exploration work on                  certain properties consisting of 15 unpatented mineral claims,                  known as                  the Black Rock Basin property (“the Property”) located in the Maricopa                  County of Arizona, United States. The lease had a 25-year term                  and expires                  on April 18, 2030. The Company can terminate the lease at any time                  by                  giving a 30 days notice prior to an anniversary date. On August                  17, 2006,                  the Company, gave a 30-day advance notice to terminate this lease                  agreement There were no penalties for terminating the lease with                  30-days’                  notice and as of September 17, 2006 no further obligations and                  no further                  payments are due under the terms of the lease.   |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| **4.**  | **Capital                  Stock**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |

|   | a)     | **Authorized                  Stock**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|   |   |  The                  Company has authorized 66,666,667 common shares with a par value                  of                  $0.00001 per share. The Company has also authorized 100,000,000                  preferred                  shares with a par value of $0.00001 per share. Each common share                  entitles                  the holder to one vote, in person or proxy, on any matter on which                  action                  of the stockholder of the corporation is sought.  On                  October 3, 2006, the Company effected a four-to-one forward split                  of its                  common stock, $0.00001 par value per share, through a dividend                  of three                  shares for each share of common stock outstanding as of October                  2, 2006,                  the record date. After giving effect to the stock split, there                  were                  13,000,000 issued and outstanding shares of common stock of the                  Company. On                  October 24, 2006, the Company effected a reverse split of the Company's                  common stock, at a ratio of two-for-three, resulting in stockholders                  receiving two shares of common stock for every three shares of                  common                  stock owned as of October 24, 2006, the record date. As a result                  of the                  reverse split, the Company reduced the number of shares of common                  stock it                  is authorized to issue. After giving effect to the reverse split                  there                  will be 8,666,667 issued and outstanding shares of common stock                  and                  66,666,667 shares of common stock authorized for issuance. These                  stock splits have been incorporated into the accompanying                  financials. |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|   | b)     | **Share                  Issuance**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|   |   |  Since                  the inception of the Company on January 31, 2005 as of September                  30, 2006,                  the Company has issued 8,666,667 common shares at a purchase price                  of                  $0.0075 per share for total proceeds of $65,000. Of this amount,                  $87 was                  accounted for as par value and $64,913 was accounted for as capital                  in                  excess of par. Of these shares 2,000,000 were issued to directors                  and                  officers of the Company at a purchase price of $0.0075 per share                  for total                  proceeds of $15,000. .                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |

----

|         |                                            |
|--------------|-------------------------------------------------|
|         |                                            |
| **5.**  | **Due                  to Related Party**  |

|   | a)                     | As                  of August 31, 2006, the Company was obligated to a director and                  officer of                  the Company, for a non-interest bearing unsecured demand loan with                  a                  balance of $42,998. On August 31, 2006 this loan was forgiven in                  connection with a separation agreement with the officer. This forgiveness                  was reported in capital in excess of par in the accompanying financial                  statements.   |
|--------|----------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |  b)                         | During                the second                quarter, SPH Investments, a related party, loaned the Company $1,000.                The                loan is payable on demand and bears no interest. The amount was unpaid                as                of September 30, 2006.                                                                                                                                                                                                                                               |

|   |  The                  above transactions, occurring in the normal course of operations,                  are                  measured at the exchange amounts, which is the amount of consideration                  established and agreed by related parties.   |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                         |

----

**6.        Merger Related Activities**

**7.        Change in Control and Principle Officers**

**8.        Supplementary Disclosure of Cash Flow Information**

----

**CAUTIONARY      STATEMENT REGARDING FORWARD-LOOKING STATEMENTS**

**Risk      Factors**

| **Item                2.** | **Plan                of Operation.** |
|----------------------------|---------------------------------------|

**Overview**

----

** **

**Liquidity      and Capital Resources**

----

** **
** **

**Off-Balance      Sheet Arrangements**

**RISK      FACTORS**

*An      investment in our common stock involves a high degree of risk. You should      carefully consider the following risk factors in addition to other information      in this report on Form 10-QSB and our other filings with the Securities and      Exchange Commission before purchasing our common stock. The risks and      uncertainties described below are those that we currently deem to be material      and that we believe are specific to our company. In addition to these risks,      our      business may be subject to risks currently unknown to us. If any of these or      other risks actually occur, our business may be adversely affected, the trading      price of our common stock may decline and you may lose all or part of your      investment.*

----

***Risks      Associated With Our Business***

**Based      on our recurring losses during our development stage and inability to implement      our business plan, our auditors have included an explanatory paragraph in their      opinion as to the substantial doubt about our ability to continue as a going      concern**

**We      have no operations, will not generate any revenue unless we complete a business      combination with an operating company, and need additional capital to fund      our      activities. **

**We      may not be able to acquire an operating company and if we complete such an      acquisition, we expect that we will need to raise additional capital.**

----

***Risks      Related to Our Stock***

**There      is no market for our common stock.**

**Applicable      SEC Rules governing the trading of “penny stocks” limits the trading and      liquidity of our common stock which may affect the trading price of our common      stock.**

**We      intend to raise additional capital in the future, and such additional capital      may be dilutive to stockholders or impose operational      restrictions.**

**The      trading price of our common stock is likely to be highly      volatile.**

----

**We      do not intend to pay dividends in the foreseeable future.**

| **Item                3.** | **Controls                and Procedures.** |
|----------------------------|---------------------------------------------|

** **

**PART      II**

**OTHER      INFORMATION**

| **Item                5.** | **Other                Information.** |
|----------------------------|---------------------------------------|

----

| **Item                  6.** | **Exhibits.** |
|------------------------------|---------------|

| Exhibit                No. |   | Exhibit                                                                                                                                                                                                                                      |
|----------------------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  10.1            |   |  Amended                and Restated Warrant issued by Zone Mining Limited to Trident Growth                Fund,                L.P., dated November 8, 2006                                                                           |
|  31.1                 |   |  Certification                of Chief Executive Officer and Chief Financial of the Company required                by                Rule 13a-14(a) under the Securities Exchange Act of 1934, as                amended               |
|  32.1                 |   |  Certification                of Chief Executive Officer and Chief Financial Officer of the Company                required by Rule 13a-14(b) under the Securities Exchange Act of 1934,                as                amended  |

----

**SIGNATURES**

|                                            |                                                     |                                        |
|-------------------------------------------------|----------------------------------------------------------|---------------------------------------------|
|                                            | **Zone              Mining Limited**                     |
|                                       |                                                |                                   |
| Date: November              14, 2006  | By:                                            | /s/ Stephen              P. Harrington |
|                                            | Stephen P. HarringtonChief Executive Officer   |

----

**EXHIBIT      INDEX**

| Exhibit                  Number |   | Description                                                                                                                                                                                                                                          |
|---------------------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  10.1                 |   |  Amended                  and Restated Warrant issued by Zone Mining Limited to Trident Growth                  Fund,                  L.P., dated November 8, 2006                                                                             |
|  31.1                      |   |  Certification                  of Chief Executive Officer and Chief Financial of the Company required                  by                  Rule 13a-14(a) under the Securities Exchange Act of 1934, as                  amended               |
|  32.1                      |   |  Certification                  of Chief Executive Officer and Chief Financial Officer of the Company                  required by Rule 13a-14(b) under the Securities Exchange Act of                  1934, as                  amended  |