----

| U.S. SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549Form 10-Q |
|------------------------------------------------------------------------|

----

| Zoro Mining Corp.(Name of small business issuer in its charter)                            |
|--------------------------------------------------------------------------------------------|
|                                                              |        |
|  Nevada                                                                               |  N/A |
| (State or other jurisdiction of incorporation or organization)                             | (I.R.S. Employer Identification No.) |
|                                                              |        |
| 3040 North Campbell Ave. #110Tucson, Arizona 85719(Address of principal executive offices) |
|                                                              |        |
| (520) 299-0390(Issuer’s telephone number)                                            |
|                                                              |        |
| Securities registered pursuant to Section12(b) of the Act:None                             | Name of each exchange on whichregistered: |
|                                                                                       |   |
|                                                              |        |
| Securities registered pursuant to Section 12(g) of the Act:                                |
| Common Stock, $0.00001(Title of Class)                                                     |

----

|  Large accelerated filer o |  Accelerated filer o         |
|---------------------------------|-----------------------------------|
|                            |                              |
|  Non-accelerated filer o   |  Smaller reporting company x |

----

| ClassCommon Stock, $0.00001 | Outstanding as of  September 14, 20094,345,014 |
|-----------------------------|----------------------------------------------------------|
|                        |                                                     |

----

| Part 1                      | FINANCIAL INFORMATION                                                                       |      |
|--------------------------------------------|---------------------------------------------------------------------------------------------|-----------|
|                                       |                                                                                        |      |
| Item 1                                     | Financial Statements                                                                        |      |
|                             |    Consolidated Balance Sheets                                               |   4  |
|              |    Consolidated Statements of Operations                                     |   5  |
|                                       |    Consolidated Statements of Cash Flows                                     |   6  |
|                                       |    Consolidated Statement of Stockholders’ Equity                      |   7  |
|                                       |    Notes to the Consolidated Financial Statements                       |   8  |
| Item 2.                     | Management’s Discussion and Analysis of Financial Condition and Results of Operations |   13 |
|              |                                                                                        |      |
| Item 3.                     | Quantitative and Qualitative Disclosures About Market Risk                                  |   24 |
|              |                                                                                        |      |
| Item 4.                                    | Controls and Procedures                                                                     |   24 |
|                                       |                                                                                        |      |
| Part II.                                   | OTHER INFORMATION                                                                           |   28 |
|              |                                                                                        |      |
| Item 1                      | Legal Proceedings                                                                           |   28 |
|              |                                                                                        |      |
| Item 2.                          | Changes in Securities and Use of Proceeds                                                   |   28 |
|                                       |                                                                                        |      |
| Item 3                      | Defaults Upon Senior Securities                                                             |   28 |
|              |                                                                                        |      |
| Item 4       | Submission of Matters to a Vote of Security Holders                                         |   29 |
|                                       |                                                                                        |      |
| Item 5                           | Other Information                                                                           |   29 |
|              |                                                                                        |      |
| Item 6       | Exhibits                                                                                    |   29 |
|              |                                                                                        |      |
|                                       | Signatures                                                                                  |   29 |

----

|                                                                                       |   | July 31, 2009$ |            |   | April 30, 2009$ |   |
|--------------------------------------------------------------------------------------------|--------|---------------------|-----------------|--------|----------------------|--------|
|                                                                                       |   |                |            |   |                 |   |
| CURRENT ASSETS                                                                             |   |                |            |   |                 |   |
| Cash                                                                                       |   |                | 2,674           |   |                 |   | 4,485 |   |
| Other receivables                                                                          |   |                | 4,954           |   |                 |   | 6,072 |   |
|                                                                                       |   |                |            |   |                 |   |   |   |
| Total Current Assets                                                                       |   |                | 7,628           |   |                 |   | 10,557 |   |
|                                                                                       |   |                |            |   |                 |   |   |   |
| EQUIPMENT (Note 3)                                                                         |   |                | 312,596         |   |                 |   | 339,305 |   |
| MINERAL PROPERTIES (Note 2)                                                                |   |                | 635,910         |   |                 |   | 635,910 |   |
|                                                                                       |   |                |            |   |                 |   |   |   |
| TOTAL ASSETS                                                                               |   |                | 956,134         |   |                 |   | 985,772 |   |
|                                                                                       |   |                |            |   |                 |   |   |   |
|                                                                                       |   |                |            |   |                 |   |   |   |
| LIABILITIES AND STOCKHOLDERS’ EQUITY                                                 |   |                |            |   |                 |   |   |   |
|                                                                                       |   |                |            |   |                 |   |   |   |
| Current Liabilities                                                                        |   |                |            |   |                 |   |   |   |
|                                                                                       |   |                |            |   |                 |   |   |   |
| Accounts payable and accrued liabilities                                                   |   |                | 564,844         |   |                 |   | 456,859 |   |
| Promissory notes payable (Note 5)                                                          |   |                | 737,416         |   |                 |   | 706,312 |   |
| Due to related parties (Note 4)                                                            |   |                | 1,772,339       |   |                 |   | 1,534,594 |   |
|                                                                                       |   |                |            |   |                 |   |   |   |
| Total Current Liabilities                                                                  |   |                | 3,074,599       |   |                 |   | 2,697,765 |   |
|                                                                                       |   |                |            |   |                 |   |   |   |
| CONVERTIBLE NOTE (Note 5)                                                                  |   |                | 148,527         |   |                 |   | 136,651 |   |
| DEFERRED INCOME TAX LIABILITY                                                              |   |                | 216,208         |   |                 |   | 216,208 |   |
|  Total Liabilities                                                                    |   |                |  3,439,334 |   |                 |   |  3,050,624 |   |
|                                                                                       |   |                |            |   |                 |   |   |   |
| Stockholders’ Equity (Deficit)                                                       |   |                |            |   |                 |   |   |   |
|                                                                                       |   |                |            |   |                 |   |   |   |
|  Capital stock (Note 6) 180,000,000 common shares authorized, $0.00001 par value |   |                |            |   |                 |   |   |   |
|  4,345,014 shares issued and outstanding (2008 – 4,345,014)                     |   |                | 869             |   |                 |   | 869 |   |
|  Additional paid-in capital                                                           |   |                | 5,035,664       |   |                 |   | 5,035,664 |   |
|  Equity component of convertible notes (Note 5)                                       |   |                | 84,026          |   |                 |   | 84,026 |   |
|  Donated capital                                                                      |   |                | 34,500          |   |                 |   | 34,500 |   |
|  Deficit accumulated during the exploration stage                                     |   |                | (7,638,259      | )      |                 |   | (7,219,911 | ) |
|                                                                                       |   |                |            |   |                 |   |   |   |
| Total Stockholders’ Equity (Deficit)                                                 |   |                | (2,483,200      | )      |                 |   | (2,064,852 | )  |
|                                                                                       |   |                |            |   |                 |   |   |   |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)                                 |   |                | 956,134         |   |                 |   | 985,772 |   |

----

  

|                                                                     |   |                     |      |   |                |   |       | From April 20, 2004   |   |
|--------------------------------------------------------------------------|--------|--------------------------|-----------|--------|---------------------|--------|------------|---------------------------------|--------|
|                                                                     |   |  For the Three      |      |   |  For the Three |   |       | (Date of              |   |
|                                                                     |   | Months Ended             |      |   |  Months Ended  |   |       | Inception)                      |   |
|                                                                     |   |  July 31, 2009 |      |   |  July 31, 2008 |   |       |  to July 31, 2009          |   |
|                                                                     |   | $                        |      |   | $                   |   |       | $                               |   |
| Expenses                                                                 |   |                     |      |   |                |   |       |                            |   |   |   |   |
|     Bad Debt                                         |   |                     | -         |   |                |   | -          |                            |   |   | 136,250 |   |
|     Depreciation                                     |   |                     | 26,710    |   |                |   | 26,052     |                            |   |   | 205,918 |   |
|     Donated services                                 |   |                     | -         |   |                |   | -          |                            |   |   | 25,500 |   |
|     Filing and transfer agent fees                   |   |                     | 3,698     |   |                |   | 2,155      |                            |   |   | 30,212 |   |
|     Impairment of mineral property costs             |   |                     | -         |   |                |   | -          |                            |   |   | 420,298 |   |
|     Management and administration fees (Note 4)      |   |                     | 135,567   |   |                |   | 144,797    |                            |   |   | 1,416,874 |   |
|     Mineral exploration costs (Note 2)               |   |                     | 169,678   |   |                |   | 880,301    |                            |   |   | 4,293,917 |   |
|     Office and general (Note 4)                      |   |                     | 70,875    |   |                |   | 90,730     |                            |   |   | 713,975 |   |
|     Professional fees                                |   |                     | 11,820    |   |                |   | 27,213     |                            |   |   | 463,360 |   |
|                                                                     |   |                     | (418,348  | )      |                |   | (1,171,248 | )                               |   |   | (7,706,304 | ) |
| Other income                                                             |   |                     |      |   |                |   |       |                            |   |   |   |   |
|    Interest income                                        |   |                     | -         |   |                |   | 1,875      |                            |   |   | 68,046 |   |
|                                                                     |   |                     |      |   |                |   |       |                            |   |   |   |   |
| Net loss                                                                 |   |                     | (418,348  | )      |                |   | (1,169,373 | )                               |   |   | (7,638,258 | ) |
|                                                                     |   |                     |      |   |                |   |       |                            |   |   |   |   |
| Basic and diluted  loss per common share                       |   |                     | (0.10     | )      |                |   | (0.27      | )                               |   |   |   |   |
|                                                                     |   |                     |      |   |                |   |       |                            |   |   |   |   |
| Weighted average number of common shares outstanding - basic and diluted |   |                     | 4,344,446 |   |                |   | 4,342,167  |                            |   |   |   |   |

----

Zoro Mining Corp. 

|                                                                                 |   |                 |     |   |                 |   |       |  From            |   |
|--------------------------------------------------------------------------------------|--------|----------------------|----------|--------|----------------------|--------|------------|-----------------------|--------|
|                                                                                 |   |  For the Three  |     |   |  For the Three  |   |       |  April 20, 2004  |   |
|                                                                                 |   |  Months         |     |   | Months          |   |       |  (Date of        |   |
|                                                                                 |   |  Ended July 31, |     |   |  Ended July 31, |   |       |  Inception)      |   |
|                                                                                 |   |  2009           |     |   |  2008           |   |       |  to July 31,2009 |   |
|                                                                                 |   | $                    |     |   | $                    |   |       | $                     |   |
|                                                                                 |   |                 |     |   |                 |   |       |                  |   |
| Cash Flows Used In Operating Activities                                              |   |                 |     |   |                 |   |       |                  |   |
|                                                                                 |   |                 |     |   |                 |   |       |                  |   |
| Net loss                                                                             |   |                 | (418,348 | )      |                 |   | (1,169,373 | )                     |   |   | (7,638,259 | ) |
| Adjustments to reconcile net loss to cash used in operating activities:              |   |                 |     |   |                 |   |       |                  |   |   |   |   |
|    Depreciation                                                       |   |                 | 26,710   |   |                 |   | 26,052     |                  |   |   | 205,917 |   |
|    Non-cash management fees                                           |   |                 | -        |   |                 |   | 40,000     |                  |   |   | 329,293 |   |
|    Accrued interest income                                            |   |                 | -        |   |                 |   | (1,875     | )                     |   |   | (11,250 | ) |
|    Accrued interest expense                                           |   |                 | 25,250   |   |                 |   | -          |                  |   |   | 49,033 |   |
|    Accretion of interest on convertible note                          |   |                 | 11,876   |   |                 |   | -          |                  |   |   | 32,553 |   |
|    Bad debt                                                           |   |                 | -        |   |                 |   | -          |                  |   |   | 136,250 |   |
|    Impairment of mineral properties                                   |   |                 | -        |   |                 |   | -          |                  |   |   | 420,298 |   |
|    Donated rent                                                       |   |                 | -        |   |                 |   | -          |                  |   |   | 9,000 |   |
|    Donated services                                                   |   |                 | -        |   |                 |   | -          |                  |   |   | 25,500 |   |
| Change in operating assets and liabilities:                                          |   |                 |     |   |                 |   |       |                  |   |   |   |   |
| Decrease in prepaid expenses                                                         |   |                 | -        |   |                 |   | -          |                  |   |   | - |   |
| Decrease (increase) in other receivables                                             |   |                 | 1,118    |   |                 |   | 9,006      |                  |   |   | (4,954 | ) |
| Increase  in due to related parties                                        |   |                 | 223,699  |   |                 |   | 574,616    |                  |   |   | 1,758,293 |   |
| Increase in accounts payable and accrued liabilities                                 |   |                 | 107,885  |   |                 |   | 96,458     |                  |   |   | 564,744 |   |
|                                                                                 |   |                 |     |   |                 |   |       |                  |   |   |   |   |
| Net Cash Used in Operating Activities                                                |   |                 | (21,810  | )      |                 |   | (425,116   | )                     |   |   | (4,123,582 | ) |
|                                                                                 |   |                 |     |   |                 |   |       |                  |   |   |   |   |
| Cash Flows Used In Investing Activities                                              |   |                 |     |   |                 |   |       |                  |   |   |   |   |
|       Purchase of equipment                            |   |                 | -        |   |                 |   | (544       | )                     |   |   | (518,513 | ) |
|       Loan receivable                                  |   |                 | -        |   |                 |   | -          |                  |   |   | (125,000 | ) |
|                                                                                 |   |                 |     |   |                 |   |       |                  |   |   |   |   |
| Net Cash Used In Investing Activities                                                |   |                 | -        |   |                 |   | (544       | )                     |   |   | (643,513 | ) |
|                                                                                 |   |                 |     |   |                 |   |       |                  |   |   |   |   |
| Cash Flows From Financing Activities                                                 |   |                 |     |   |                 |   |       |                  |   |   |   |   |
|      Promissory note payable                                |   |                 | 20,000   |   |                 |   | 367,000    |                  |   |   | 702,529 |   |
|      Convertible note                                       |   |                 | -        |   |                 |   | -          |                  |   |   | 200,000 |   |
|      Proceeds from common stock issuances and subscriptions |   |                 | -        |   |                 |   | -          |                  |   |   | 3,867,240 |   |
|                                                                                 |   |                 |     |   |                 |   |       |                  |   |   |   |   |
| Net Cash From Financing Activities                                                   |   |                 | 20,000   |   |                 |   | 367,000    |                  |   |   | 4,769,769 |   |
|                                                                                 |   |                 |     |   |                 |   |       |                  |   |   |   |   |
| Increase (Decrease) in Cash                                                          |   |                 | (1,811   | )      |                 |   | (58,660    | )                     |   |   | 2,674 |   |
|                                                                                 |   |                 |     |   |                 |   |       |                  |   |   |   |   |
| Cash – Beginning                                                               |   |                 | 4,485    |   |                 |   | 68,551     |                  |   |   | – |   |
|                                                                                 |   |                 |     |   |                 |   |       |                  |   |   |   |   |
| Cash – Ending                                                                  |   |                 | 2,674    |   |                 |   | 9,891      |                  |   |   | 2,674 |   |
|                                                                                 |   |                 |     |   |                 |   |       |                  |   |   |   |   |
|                                                                                 |   |                 |     |   |                 |   |       |                  |   |   |   |   |
| Supplemental Disclosures                                                             |   |                 |     |   |                 |   |       |                  |   |   |   |   |
| Interest paid                                                                        |   |                 | –  |   |                 |   | –    |                  |   |   | – |   |
| Income taxes paid                                                                    |   |                 | –  |   |                 |   | –    |                  |   |   | – |   |

----

Zoro Mining Corp. 

|                                                                          |   |         |       |   |    |   |    |       |   | Equity        |      |   |    |   |   | Deficit     |       |   |    |   |       |   |   |
|-------------------------------------------------------------------------------|--------|--------------|------------|--------|---------|--------|---------|------------|--------|---------------|-----------|--------|---------|--------|--------|-------------|------------|--------|---------|--------|------------|--------|--------|
|                                                                          |   |         |       |   |    |   |    |       |   | Component     |      |   |    |   |   | Accumulated |       |   |    |   |       |   |   |
|                                                                          |   |         |       |   |    |   |    | Additional |   | Of            |      |   | Common  |   |   | During the  |       |   |    |   |       |   |   |
|                                                                          |   |         |       |   |    |   |    | Paid-in    |   | Convertible   |      |   | Stock   |   |   | Exploration |       |   | Donated |   |       |   |   |
|                                                                          |   | Common Stock |       |   | Capital |   | Debt    |       |   | Subscriptions |      |   | Stage   |   |   | Capital     |       |   | Total   |   |
|                                                                          |   | #            |       |   | $       |   |    | $          |   | $             |      |   | $       |   |   | $           |       |   | $       |   |       | $      |   |
|                                                                          |   |         |       |   |    |   |    |       |   |          |      |   |    |   |   |        |       |   |    |   |       |   |   |   |   |   |   |   |   |   |
| Balance – April 20, 2004 (Date of Inception)                            |   |         | –    |   |    |   | – |       |   |          | -         |   | -  |   |   |        | –    |   |    |   | –    |   |   |   | – |   |   |   | – |   |
| Issuance of common shares for cash                                            |   |         |       |   |    |   |    |       |   |          |      |   |    |   |   |        |       |   |    |   |       |   |   |   |   |   |   |   |   |   |
|    at $.0002/share                                             |   |         | 7,200,000  |   |    |   | 1,440   |       |   |          | (1,400    | )      | -  |   |   |        | (40        | )      |    |   | –    |   |   |   | – |   |   |   | – |   |
| Net loss for the period                                                       |   |         | –    |   |    |   | – |       |   |          | –   |   | -  |   |   |        | –    |   |    |   | (1,858     | )      |   |   | – |   |   |   | (1,858 | ) |
| Balance – April 30, 2004                                                |   |         | 7,200,000  |   |    |   | 1,440   |       |   |          | (1,400    | )      | -  |   |   |        | (40        | )      |    |   | (1,858     | )      |   |   | – |   |   |   | (1,858 | ) |
| Issuance of common shares for cash                                            |   |         |       |   |    |   |    |       |   |          |      |   |    |   |   |        |       |   |    |   |       |   |   |   |   |   |   |   |   |   |
|    at $.0002/share                                             |   |         | 1,800,000  |   |    |   | 360     |       |   |          | (350      | )      | -  |   |   |        | (10        | )      |    |   | –    |   |   |   | – |   |   |   | – |   |
| Share subscriptions received                                                  |   |         | –    |   |    |   | – |       |   |          | –   |   | -  |   |   |        | 40         |   |    |   | –    |   |   |   | – |   |   |   | 40 |   |
| Donated rent and services                                                     |   |         | –    |   |    |   | – |       |   |          | –   |   | -  |   |   |        | –    |   |    |   | –    |   |   |   | 10,500 |   |   |   | 10,500 |   |
| Net loss for the year                                                         |   |         | –    |   |    |   | – |       |   |          | –   |   | -  |   |   |        | –    |   |    |   | (32,480    | )      |   |   | – |   |   |   | (32,480 | ) |
| Balance – April 30, 2005                                                |   |         | 9,000,000  |   |    |   | 1,800   |       |   |          | (1,750    | )      | -  |   |   |        | (10        | )      |    |   | (34,338    | )      |   |   | 10,500 |   |   |   | (23,798 | ) |
| Share subscriptions received                                                  |   |         | –    |   |    |   | – |       |   |          | –   |   | -  |   |   |        | 10         |   |    |   | –    |   |   |   | – |   |   |   | 10 |   |
| Donated rent and services                                                     |   |         | –    |   |    |   | – |       |   |          | –   |   | -  |   |   |        | –    |   |    |   | –    |   |   |   | 12,000 |   |   |   | 12,000 |   |
| Net loss for the year                                                         |   |         | –    |   |    |   | – |       |   |          | –   |   | -  |   |   |        | –    |   |    |   | (12,690    | )      |   |   | – |   |   |   | (12,690 | ) |
| Balance – April 30, 2006                                                |   |         | 9,000,000  |   |    |   | 1,800   |       |   |          | (1,750    | )      | -  |   |   |        | –    |   |    |   | (47,028    | )      |   |   | 22,500 |   |   |   | (24,478 | ) |
| Issuance of common shares for cash                                            |   |         |       |   |    |   |    |       |   |          |      |   |    |   |   |        |       |   |    |   |       |   |   |   |   |   |   |   |   |   |
|    at $0.0544/share                                            |   |         | 1,822,500  |   |    |   | 364     |       |   |          | 100,886   |   | -  |   |   |        | –    |   |    |   | –    |   |   |   | – |   |   |   | 101,250 |   |
| Share subscriptions received                                                  |   |         | –    |   |    |   | – |       |   |          | –   |   | -  |   |   |        | 2,600,000  |   |    |   | –    |   |   |   | – |   |   |   | 2,600,000 |   |
| Donated rent and services                                                     |   |         | –    |   |    |   | – |       |   |          | –   |   | -  |   |   |        | –    |   |    |   | –    |   |   |   | 12,000 |   |   |   | 12,000 |   |
| Net loss for the year                                                         |   |         | –    |   |    |   | – |       |   |          | –   |   | -  |   |   |        | –    |   |    |   | (220,450   | )      |   |   | – |   |   |   | (220,450 | ) |
| Balance – April 30, 2007                                                |   |         | 10,822,500 |   |    |   | 2,164   |       |   |          | 99,136    |   | -  |   |   |        | 2,600,000  |   |    |   | (267,478   | )      |   |   | 34,500 |   |   |   | 2,468,322 |   |
| Shares and warrants issued for private placement at $25 per unit (Note 6(a))  |   |         | 157,514    |   |    |   | 32      |       |   |          | 3,765,908 |   | -  |   |   |        | (2,600,000 | )      |    |   | –    |   |   |   | – |   |   |   | 1,165,940 |   |
| Share cancellation (Note 7(a))                                                |   |         | (6,642,500 | )      |    |   | (1,328  | )          |   |          | 1,328     |   | -  |   |   |        | –    |   |    |   | –    |   |   |   | – |   |   |   | – |   |
| Fair value of warrants issued for mineral properties (Note 3)                 |   |         | –    |   |    |   | – |       |   |          | 840,000   |   | -  |   |   |        | –    |   |    |   | –    |   |   |   | – |   |   |   | 840,000 |   |
| Fair value of warrants issued for services    (Note 7(b)) |   |         | –    |   |    |   | – |       |   |          | 209,293   |   | -  |   |   |        | –    |   |    |   | –    |   |   |   | – |   |   |   | 209,293 |   |
| Net loss                                                                      |   |         | –    |   |    |   | – |       |   |          | –   |   | -  |   |   |        | –    |   |    |   | (3,539,499 | )      |   |   | – |   |   |   | ( 3,539,499 | ) |
| Balance – April 30, 2008                                                |   |         | 4,337,514  |   |    |   | 868     |       |   |          | 4,915,665 |   | -  |   |   |        | –    |   |    |   | (3,806,977 | )      |   |   | 34,500 |   |   |   | 1,144,056 |   |
| Issuance of common shares for services                                        |   |         | 7,500      |   |    |   | 1  |       |   |          | 119,999   |   | -  |   |   |        | -     |   |    |   | -     |   |   |   |  - |   |   |   | 120,000  |   |
| Equity component of convertible note                                          |   |         | -          |   |    |   | -       |       |   |          | -         |   | 84,026  |   |   |        | -          |   |    |   | -          |   |   |   | - |   |   |   | 84,026 |   |
| Net loss                                                                      |   |         | -          |   |    |   | -       |       |   |          | -         |   | -  |   |   |        | -          |   |    |   | (3,412,934 | )      |   |   | – |   |   |   | (3,412,934 | ) |
| Balance – April 30, 2009                                                |   |         | 4,345,014  |   |    |   | 869     |       |   |          | 5,035,664 |   | 84,026  |   |   |        | -          | 0      |    |   | (7,219,911 | )      |   |   | 34,500 |   |   |   | (2,064,852 | ) |
| Net loss                                                                      |   |         | -          |   |    |   | -       |       |   |          | -         |   | -  |   |   |        | -          |   |    |   | (418,348   | )      |   |   | – |   |   |   | (418,348 | ) |
| Balance – July 31, 2009                                                 |   |         | 4,345,014  |   |    |   | 869     |       |   |          | 5,035,664 |   | 84,026  |   |   |        | -          | 0      |    |   | (7,638,259 | )      |   |   | 34,500 |   |   |   | (2,483,200 | ) |

----

  

| 1.  |   Basis of Presentation  |
|----------|------------------------------------|

----

| 2. | Mineral Properties |
|----|--------------------|

|                                 |   | Three months ended July 31, 2009$ |    |   | Three months ended July 31, 2008$ |   |
|--------------------------------------|--------|-----------------------------------|---------|--------|-----------------------------------|--------|
| Chile                                |   |                              |    |   |                              |   |
|  Drilling                       |   |                              | -       |   |                              |   | 134,940 |   |
|  Field supplies                 |   |                              | -       |   |                              |   | 22,278 |   |
|  Geological, mapping and survey |   |                              | 6,825   |   |                              |   | 313,965 |   |
|  Property maintenance           |   |                              | 8,815   |   |                              |   | 99,870 |   |
|  Site administration            |   |                              | 127,657 |   |                              |   | 190,226 |   |
|  Travel                         |   |                              | 15,131  |   |                              |   | 27,384 |   |
|                                 |   |                              | 158,428 |   |                              |   | 788,663 |   |
| Peru                                 |   |                              |    |   |                              |   |   |   |
|  Field supplies                 |   |                              | -       |   |                              |   | - |   |
|  Geological, mapping and survey |   |                              | -       |   |                              |   | 15,000 |   |
|  Property maintenance           |   |                              | -       |   |                              |   | - |   |
|  Site administration            |   |                              | 11,250  |   |                              |   | 26,309 |   |
|  Travel                         |   |                              | -       |   |                              |   | 5,329 |   |
|                                 |   |                              | 11,250  |   |                              |   | 46,638 |   |
| Mexico                               |   |                              |    |   |                              |   |   |   |
|  Geological, mapping and survey |   |                              | -       |   |                              |   | - |   |
|  Property maintenance           |   |                              | -       |   |                              |   | - |   |
|  Site administration            |   |                              | -       |   |                              |   | 45,000 |   |
|                                 |   |                              | -       |   |                              |   | 45,000 |   |
| Total                                |   |                              | 169,678 |   |                              |   | 880,301 |   |

| 3. | Equiipment |
|----|------------|

|                   |   |           |    |   | Accumulated    |   |    | Net Book       |   |   | Net Book              |   |
|------------------------|--------|----------------|---------|--------|----------------|--------|---------|----------------|--------|--------|-----------------------|--------|
|                   |   | Cost           |    |   | Depreciation   |   |    | Value          |   |   | Value                 |   |
|                   |   | July 31, 2009$ |    |   | July 31, 2009$ |   |    | July 31, 2009$ |   |   | April 30,  2009$ |   |
| North America          |   |           |    |   |           |   |    |           |   |   |                  |   |
| Computers              |   |           | 7,020   |   |           |   | 5,305   |           |   |   | 1,715                 |   |   |   | 2,082 |   |
| South America          |   |           |    |   |           |   |    |           |   |   |                  |   |   |   |   |   |
| Computers              |   |           | 3,315   |   |           |   | 1,865   |           |   |   | 1,450                 |   |   |   | 1,727 |   |
| Furniture              |   |           | 12,639  |   |           |   | 4,364   |           |   |   | 8,275                 |   |   |   | 8,919 |   |
| Exploration equipment  |   |           | 14,204  |   |           |   | 5,526   |           |   |   | 8,678                 |   |   |   | 9,438 |   |
| Vehicles               |   |           | 105,752 |   |           |   | 32,907  |           |   |   | 72,845                |   |   |   | 78,727 |   |
| Earth moving equipment |   |           | 375,583 |   |           |   | 155,950 |           |   |   | 219,633               |   |   |   | 238,412 |   |
|                   |   |           | 511,493 |   |           |   | 200,612 |           |   |   | 310,881               |   |   |   | 337,223 |   |
|                   |   |           |    |   |           |   |    |           |   |   |                  |   |   |   |   |   |
| Total                  |   |           | 518,513 |   |           |   | 205,917 |           |   |   | 312,596               |   |   |   | 339,305 |   |

----

  

| 4.  | Related Party Transactions During the three months ended July 31, 2009, the Company incurred the following amounts to officers, directors, and other related parties to the Company.  All unpaid balances due to related parties are unsecured do not bear interest, and are payable on demand. |
|----------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | a) | incurred $22,500 (2008: $22,500) to a director and officer of the Company for geological services rendered of which $107,870 (2008: $85,370) was owed this director at July 31, 2009 for unpaid services and reimbursement of expenses, with such costs recorded as mineral exploration costs; |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | b) | incurred to a director and officer of the Company $22,500 (2008: $22,500) for management of exploration with such costs recorded as mineral exploration costs.  An aggregate of $573,019 (April 31, 2009: $504,007) was owed to this director for unpaid fees and reimbursement of expenses.  Certain of these debts weresettled for common shares on August 15, 2009 (Note 8); |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | c) | incurred to a director and officer of the Company $37,745 (2008: $48,811) for management services with respect to the administration of the Company.  An aggregate of $63,196 (April 31, 2009: $26,809) was owed to this officer at July 31, 2009 for unpaid services and reimbursement of expenses.  Certain of these debtswere settled for common shares on August 15, 2009 (Note 8); |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | d) | paid an officer of the Company $10,283 (2008: $15,167) for administrative services; |
|--------|----|-------------------------------------------------------------------------------------|

|   | f) | the Company incurred a total of $109,846 (2008: $33,000) to a private Chilean company with a common director that provides exploration services to the Company in Chile, with such costs recorded as exploration costs in Chile, South America.  An aggregate of $1,028,254 (April 31, 2009: $918,408) was owing at July 31, 2009.Subsequent to July 31, 2009, certain of the amounts due to related parties were settled by the issuance of common shares (Note 8). |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.  | Convertible and Promissory Notes |
|----------|----------------------------------|

----

| 6.  | Capital Stock |
|----------|---------------|

|   | a)  | During the quarter ended July 31, 2009, the Company did not issue any shares of its common stock or warrants and did not grant any stock options.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|--------|----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |     |
|   | b)  | Warrants: On May 18, 2007 and in connection with the Mineral Property Acquisition Agreement, the Company issued an aggregate of 233,500 warrants to purchase restricted common shares of the Company at a price of $14 per share for a term until May 18, 2009.  The warrants were granted for mineral property acquisition costs in connectionwith the exploration properties acquired. The fair value of these warrants at the date of grant of $840,000 was estimated using the Black-Scholes warrant pricing model with an expected life of 2 years, a risk free interest rate of 4.38%, a dividend yield of 0%, and an expected volatility of 40%.  The warrants expired unexercised during the quarter. On May 18, 2007 and in connection with management services to be rendered over a one year period by the current President and director of the Company, the Company issued an aggregate of 40,000 warrants to purchase common shares of the Company at a price of $30 per share for a term until May 18, 2009.  The fair value of thesewarrants at the date of grant of $209,293 was estimated using the Black-Scholes option pricing model with an expected life of 2 years, a risk free interest rate of 4.38%, a dividend yield of 0%, and an expected volatility of 40%, and was recorded to management and administration fees. The warrants expired unexercised during the quarter. Between May 4, 2007 and July 11, 2007, and in connection with a private placement, the Company issued in four tranches a total of 157,520 warrants (3,150,400 pre-reverse stock split) to purchase common shares stock at a price of $30 ($1.50 pre-reverse stock split) until October 31, 2009. In addition, 5,040 (100,800 pre-reverse stock split)warrants were issued to consultants as finders’ fees. These warrants have the same terms and conditions as the warrants in the private placement.  The fair value of these warrants at the date of grant of $1,218,136 was estimated using the Black-Scholes warrant pricing model with an expected life of 2 years, a risk free interest rate average of 4.31%, a dividend yield of 0%, and an expected volatility of 40%. Warrant transactions are summarized as follows: |

|                       |   | Number of Warrants |      |   | Weighted Average Exercise Price per Share ($) |   |   | Weighted Average Contractual Life Remaining (in Years) |   |
|----------------------------|--------|--------------------|-----------|--------|-----------------------------------------------|--------|--------|--------------------------------------------------------|--------|
| Balance, April 30, 2009    |   |               | 436,060   |   |                                          |   | 21.37  |                                                   |   |   | 0.22 |   |
| Expired during the quarter |   |               | (273,500) |   |                                          |   | 14.00  |                                                   |   |   | - |   |
| Balance, July 31, 2009     |   |               | 162,560   |   |                                          |   | 30.00  |                                                   |   |   | 0.25 |   |

----

  

| 7.  | Commitments and Contingencies On May 1, 2007, the Company entered into a corporate support services agreement effective January 1, 2007 with a third party to perform office and administrative services for approximately $12,000 per month. The Company is a guarantor of a lease agreement effective September, 1, 2007 that obligates the Company under conditions of default by a related party lessee (a company with two directors in common with the Company), to pay for the entire lease relating to the Company’s Tucson, Arizona office until the end of the lease termthrough October 31, 2010 or as amended or renewed.  As at July 31, 2009, the gross value of the guarantee was $212,774.  The lessee has defaulted on the lease and subsequently moved offices. The potential liability, if any, as a result of the lessee’s default due to joint and severable provisions relating to the lease guarantee is presently not determinable and negotiations by the lessee to settle this potential liability with the landlord are ongoing. |
|----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.  | Subsequent Events On August 15, 2009, the Company issued 4,366,522 shares of common stock to various related and unrelated parties in exchange for retirement of promissory notes, advances, services, and other debts in the aggregate amount of $1,746,607 at 0.40 per share.  Of an aggregate of $1,221,367 of the debts settled with related parties,$176,757 was for services rendered, and $1,044,610 was for promissory notes, and accrued interest. |
|----------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

----

| Location             | Project                                                                                     | Exploration Target |   | Concession Acres |   |
|----------------------|---------------------------------------------------------------------------------------------|--------------------|--------|------------------|--------|
| Sonora, Mexico       | The Las Animas Project                                                                      | Gold, Copper       |   |             | 6,822  |   |
| Chile, South America | The Costa Rica Project                                                                      | Gold, Copper       |   |             | 4,817  |   |
| Chile, South America | The Escondida Project                                                                       | Gold, Platinum     |   |             | 5,063  |   |
| Chile, South America |             The Rio Sur Project | Gold, Copper       |   |             | 2,840  |   |
| Chile, South America |             Don Beno Project    | Gold, Copper       |   |             | 14,574 |   |
| Peru, South America  |             The Yura Project    | Gold               |   |             | 4,940  |   |
|                 |                                                                                        | Total Net Acreage: |   |             | 39,056 |   |

----

----

----

|                                 |   | Three Month Periods Ended July 31, 2009and July 31, 2008 |     |   | For the Period from April 20, 2004 (inception) toJuly 31, 2009 |   |
|--------------------------------------|--------|----------------------------------------------------------|----------|--------|----------------------------------------------------------------|--------|
|                                 |   | 2009                                                     |     |   | 2008                                                           |   |   |   |   |
| Expenses                             |   |                                                     |     |   |                                                           |   |   |   |   |
| Bad Debt                             |   |                                                     | -0-      |   |                                                           |   | -0- |   |   |   | 136,250 |   |
| Depreciation                         |   |                                                     | 26,710   |   |                                                           |   | 26,052 |   |   |   | 205,918 |   |
| Donated services                     |   |                                                     | -0-      |   |                                                           |   | -0- |   |   |   | 25,500 |   |
| Filing and transfer agent fees       |   |                                                     | 3,698    |   |                                                           |   | 2,155 |   |   |   | 30,212 |   |
| Impairment of mineral property costs |   |                                                     | -0-      |   |                                                           |   | -0- |   |   |   | 420,298 |   |
| Management and administration fees   |   |                                                     | 135,567  |   |                                                           |   | 144,797 |   |   |   | 1,416,874 |   |
| Mineral exploration costs            |   |                                                     | 169,678  |   |                                                           |   | 880,301 |   |   |   | 4,293,917 |   |
| Office and general                   |   |                                                     | 70,875   |   |                                                           |   | 90,730 |   |   |   | 713,975 |   |
| Professional fees                    |   |                                                     | 11,820   |   |                                                           |   | 27,213 |   |   |   | 463,360 |   |
| Total Expenses                       |   | $                                                        | (418,348 | )      |                                                           | $      | (1,171,248 | ) |   | $ | (7,706,304 | ) |
| Other Income                         |   |                                                     |     |   |                                                           |   |   |   |   |   |   |   |
| Interest                             |   |                                                     | -0-      |   |                                                           |   | 1,875 |   |   |   | 68,046 |   |
| Net Loss                             |   | $                                                        | (418,348 | )      |                                                           | $      | (1,169,373 | ) |   | $ | (7,638,258 | ) |

----

----

----

----

----

----

----

| (1) | Inadequate segregation of duties consistent with control objectives; |
|-----|----------------------------------------------------------------------|

| (2) | insufficient written policies and procedures for accounting and financial reporting with respect to the requirements and application of US GAAP and SEC disclosure requirements; |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | infrequent ongoing monitoring and a lack of separate evaluations when an effective monitoring and evaluative system is deemed necessary for corporate integrity; |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4) | a lack of country specific controls and written protocols leading to timely reporting of previously budgeted expenditures. |
|-----|----------------------------------------------------------------------------------------------------------------------------|

| (5) | ineffective controls over period end financial close and reporting processes. |
|-----|-------------------------------------------------------------------------------|

----

|   | i) | define, document, implement, and monitor written policies and procedures for accounting and financial reporting with respect to the requirements and application of US GAAP , and create country specific controls and protocols, |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ii) | prepare and implement sufficient written policies and checklists which will set forth procedures for accounting and financial reporting with respect to the requirements and application of US GAAP and SEC disclosure requirements, and |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | iii) | ineffective controls over period end financial close and reporting processes. |
|--------|------|-------------------------------------------------------------------------------|

----

----

|   | (i) | our President and director settled $17,757 of amounts due for services rendered with 44,393 common shares; |
|--------|-----|------------------------------------------------------------------------------------------------------------|

|   | (ii) | our VP Exploration and director settled $76,500 of amounts due for services rendered with 191,250 common shares; and |
|--------|------|----------------------------------------------------------------------------------------------------------------------|

|   | (iii) | our Chief Operating Officer and director settled $82,500 of amounts due for services rendered with 206,250 common shares, $126,202 in advances provided to the Company for 315,506 common shares, and a company with this director in common settled $918,408 in advances, promissory notes, and interest provided to the Company for direct expenditures incurred in Chile for 2,296,021 common shares; |
|--------|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   |  Exhibit No. |  Description                                                                                                                                                                         |
|--------|-------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |  31.1        | Certification of Chief Executive Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a).                                                                         |
|   |              |                                                                                                                                                                                      |
|   |  31.2   | Certification of Chief Financial Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a).                                                                    |
|   |              |                                                                                                                                                                                      |
|   |  32.1        | Certifications pursuant to Securities Exchange Act of 1934 Rule 13a-14(b) or 15d-14(b) and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes- Oxley Act of 2002. |

|                            | ZORO MINING CORP. |                                             |
|---------------------------------|-------------------|--------------------------------------------------|
|                            |              |                                             |   |
| Dated: September 14, 2009  | By:               | /s/ ANDREW BRODKEY                          |   |
|                            |              | Andrew Brodkey                                   |   |
|                            |              | President/Chief and  Executive Officer |   |
|                            |              |                                             |   |

|                                  |   |                         |   |
|---------------------------------------|--------|------------------------------|--------|
| Dated: September 14, 2009   | By:    | /s/ JAS BUTALIA         |   |
|                                  |   | Jas Butalia                  |   |
|                                  |   | Chief Financial Officer |   |
|                                  |   |                         |   |

----