**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**Washington,      D.C. 20549**

**FORM      10-QSB**

| [xx] | QUARTERLY                REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF                1934                FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30,                2005 |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**MCNAB      CREEK GOLD CORP.**

----

**MCNAB      CREEK GOLD CORP.**

----

**MCNAB      CREEK GOLD CORP.**

**September      30, 2005**

**Index**

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| **MCNAB                CREEK GOLD CORP.**                                                      |   |
|------------------------------------------------------------------------------------------------|--------|
| (formerly                Parthenon Development Corporation)                                    |   |
| (An                exploration stage company)                                                  |   |
|                                                                                           |   |   |   |   |   |
| BALANCE                SHEETS                                                                  |   |
| (Expressed                in U.S. Dollars)                                                     |   |
|                                                                                           |   |   |   |   |   |
|                                                                                           |   | **September                30,** |   | **March                31,** |   |
|                                                                                           |   | **2005** |   | **2005** |   |
| **See                Note 1 - Basis of Presentation and Going Concern                Matters** |   | **(Unaudited)** |   | **(Audited)** |   |
|                                                                                           |   |   |   |   |   |
| **ASSETS**                                                                                     |   |   |   |   |   |
|                                                                                           |   |   |   |   |   |
| **Current                Assets**                                                              |   |   |   |   |   |
| Cash                                                                                           |   | $ | 891 |   | $ | 21,403 |   |
|                                                                                           |   |   |   |   |   |   |   |
| **Equipment**                                                                                  |   |   | 218 |   |   | 257 |   |
|                                                                                           |   |   |   |   |   |   |   |
| **Mineral                Properties - Note 2**                                                 |   |   | - |   |   | - |   |
|                                                                                           |   |   |   |   |   |   |   |
| **Total                Assets**                                                                |   | $ | 1,109 |   | $ | 21,660 |   |
|                                                                                           |   |   |   |   |   |   |   |
| **LIABILITIES                AND STOCKHOLDERS' EQUITY**                                        |   |   |   |   |   |   |   |
|                                                                                           |   |   |   |   |   |   |   |
| **Current                Liabilities**                                                         |   |   |   |   |   |   |   |
| Accounts                payables and accrued expenses                                          |   | $ | 22,927 |   | $ | 13,324 |   |
| Due                to a director - Note 3                                                      |   |   | 4,544 |   |   | 4,544 |   |
| Promissory                notes payable to related parties - Note 3                            |   |   | 30,000 |   |   | 30,000 |   |
| Liabilities                to issue shares                                                     |   |   | 13,029 |   |   | - |   |
| Total                current liabilities                                                       |   |   | 70,500 |   |   | 47,868 |   |
|                                                                                           |   |   |   |   |   |   |   |
| **Stockholders'                Deficiency**                                                    |   |   |   |   |   |   |   |
| Common                Stock : $0.0001 Par Value                                                |   |   |   |   |   |   |   |
| Authorized                : 100,000,000                                                        |   |   |   |   |   |   |   |
| Issued                and Outstanding : 964,200 (2004: 964,200)                                |   |   | 96 |   |   | 96 |   |
| Additional                Paid In Capital                                                      |   |   | 98,574 |   |   | 98,574 |   |
| Deficit                accumulated during the exploration stage                                |   |   | (168,061 | ) |   | (124,878 | ) |
| **Total                Stockholders' Deficiency**                                              |   |   | (69,391 | ) |   | (26,208 | ) |
|                                                                                           |   |   |   |   |   |   |   |
| **Total                Liabilities and Stockholders' Deficiency**                              |   | $ | 1,109 |   | $ | 21,660 |   |
|                                                                                           |   |   |   |   |   |   |   |
| (See                accompanying notes to the financial                statements)             |

----

| **MCNAB                CREEK GOLD CORP.**                                                      |   |
|------------------------------------------------------------------------------------------------|--------|
| (formerly                Parthenon Development Corporation)                                    |   |
| (An                exploration stage company)                                                  |   |
|                                                                                           |   |   |   |   |   |   |   |   |   |   |   |
| STATEMENTS                OF OPERATIONS                                                        |   |
| (Expressed                in U.S. Dollars)                                                     |   |
| (Unaudited)                                                                                    |   |
|                                                                                           |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                           |   |   |   |   |   |   |   |   |   | **February                15,** |   |
|                                                                                           |   | **Three                months** |   | **Six                months** |   | **2001                (date of** |   |
|                                                                                           |   | **ended** |   | **ended** |   | **incorporation)                to** |   |
|                                                                                           |   | **September                30,** |   | **September                30,** |   | **September                30,** |   |
|                                                                                           |   | **2005** |   | **2004** |   | **2005** |   | **2004** |   | **2005** |   |
| **See                Note 1 - Basis of Presentation and Going Concern                Matters** |   |   |   |   |   |   |   |   |   |
|                                                                                           |   |   |   |   |   |   |   |   |   |   |   |
| **Expenses**                                                                                   |   |   |   |   |   |   |   |   |   |   |   |
| Compensation                expenses                                                           |   |   | - |   |   | - |   |   | - |   |   | - |   |   | 48,960 |   |
| Exploration                costs (Note 2)                                                      |   |   | 14,157 |   |   | - |   |   | 14,157 |   |   | - |   |   | 14,157 |   |
| General                and administrative                                                      |   | $ | 8,622 |   | $ | 19,594 |   | $ | 29,026 |   | $ | 20,522 |   | $ | 81,926 |   |
| Mineral                claims - acquisition costs (Note 2)                                     |   |   | - |   |   | 3,500 |   |   | - |   |   | 3,500 |   |   | 7,000 |   |
| Property                investigation costs                                                    |   |   | - |   |   | - |   |   | - |   |   | 250 |   |   | 16,018 |   |
| **Net                loss for the period**                                                     |   | $ | (22,779 | ) | $ | (23,094 | ) | $ | (43,183 | ) | $ | (24,272 | ) | $ | (168,061 | ) |
|                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Loss                per share attributable to common**                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **stockholders:**                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic                and diluted                                                               |   | $ | (0.02 | ) | $ | (0.02 | ) | $ | (0.04 | ) | $ | (0.03 | ) | $ | (0.10 | ) |
|                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Weighted                average number of**                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **common                shares outstanding:**                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic                and diluted                                                               |   |   | 964,200 |   |   | 964,200 |   |   | 964,200 |   |   | 964,200 |   |   | 1,622,098 |   |
|                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (See                accompanying notes to the financial                statements)             |

| **MCNAB                CREEK GOLD CORP.**                                                                                        |   |
|----------------------------------------------------------------------------------------------------------------------------------|--------|
| (formerly                Parthenon Development Corporation)                                                                      |   |
| (An                exploration stage company)                                                                                    |   |
|                                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |
| STATEMENT                OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIENCY)                                                         |   |
| for                the period from February 15, 2001 (Date of Incorporation) to September                30,                2005 |   |
| (Expressed                in U.S. Dollars)                                                                                       |   |
| (Unaudited)                                                                                                                      |   |
|                                                                                                                             |   |   |   |   |   |   |   | **Deficit** |   |   |   |
|                                                                                                                             |   |   |   |   |   |   |   | **Accumulated** |   |   |   |
|                                                                                                                             |   |   |   | **Stock** |   | **Additional** |   | **During                the** |   | **Stockholders'** |   |
|                                                                                                                             |   | **Common** |   | **Amount                At** |   | **Paid                In** |   | **pre-exploration** |   | **Equity** |   |
| **Stated                in U.S. dollars**                                                                                        |   | **Shares** |   | **Par                Value** |   | **Capital** |   | **stage** |   | **(Deficiency)** |   |
| **See                Note 1 - Basis of Presentation and Going Concern                Matters**                                   |   |   |   |   |   |   |   |   |   |
|                                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |
| Issuance                of common stock for services rendered                                                                    |   |   | 2,250,000 |   | $ | 225 |   | $ | 2,025 |   | $ | - |   | $ | 2,250 |   |
| at                $0.0001 per share, February 16, 2001                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Comprehensive                income (loss)                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss                for the period                                                                                               |   |   |   |   |   |   |   |   |   |   |   | (2,935 | ) |   | (2,935 | ) |
|                                                                                                                             |   |   |  |   |   |  |   |   |  |   |   |  |   |   |  |   |
| Balance,                March 31, 2003 and 2002                                                                                  |   |   | 2,250,000 |   |   | 225 |   |   | 2,025 |   |   | (2,935 | ) |   | (685 | ) |
|                                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cancellation                of common stock                                                                                      |   |   | (2,250,000 | ) |   | (225 | ) |   | 225 |   |   | - |   |   | - |   |
|                                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Capital                stock issued for cash                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| -                at $0.10                                                                                                        |   |   | 420,200 |   |   | 42 |   |   | 41,978 |   |   |   |   |   | 42,020 |   |
| -                at $0.01                                                                                                        |   |   | 544,000 |   |   | 54 |   |   | 54,346 |   |   |   |   |   | 54,400 |   |
|                                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Comprehensive                income (loss)                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss                for the year                                                                                                 |   |   |  |   |   |  |   |   |  |   |   | (78,562 | ) |   | (78,562 | ) |
|                                                                                                                             |   |   |  |   |   |  |   |   |  |   |   |  |   |   |  |   |
| Balance,                March 31, 2004                                                                                           |   |   | 964,200 |   |   | 96 |   |   | 98,574 |   |   | (81,497 | ) |   | 17,173 |   |
|                                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Comprehensive                income (loss)                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss                for the period                                                                                               |   |   |   |   |   |   |   |   |   |   |   | (43,381 | ) |   | (43,381 | ) |
|                                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance,                March 31, 2005                                                                                           |   |   | 964,200 |   |   | 96 |   |   | 98,574 |   |   | (124,878 | ) |   | (26,208 | ) |
|                                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Comprehensive                income (loss)                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss                for the period                                                                                               |   |   | - |   |   | - |   |   | - |   |   | (43,183 | ) |   | (43,183 | ) |
|                                                                                                                             |   |   |  |   |   |  |   |   |  |   |   |  |   |   |  |   |
| Balance,                September 30, 2005                                                                                       |   |   | 964,200 |   | $ | 96 |   | $ | 98,574 |   | $ | (168,061 | ) | $ | (69,391 | ) |
|                                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (See                accompanying notes to the financial                statements)                                               |

----

| **MCNAB                CREEK GOLD CORP.**                                                      |   |
|------------------------------------------------------------------------------------------------|--------|
| (formerly                Parthenon Development Corporation)                                    |   |
| (A                pre-exploration stage company)                                               |   |
|                                                                                           |   |   |   |   |   |   |   |
| STATEMENTS                OF CASH FLOWS                                                        |   |
| (Stated                in U.S. Dollars)                                                        |   |
| (Unaudited)                                                                                    |   |
|                                                                                           |   | **Six                months** |   | **Six                months** |   | **February                15, 2001 (date** |   |
|                                                                                           |   | **ended** |   | **ended** |   | **of                incorporation) to** |   |
|                                                                                           |   | **September                30, 2005** |   | **September                30, 2004** |   | **September                30, 2005** |   |
| **See                Note 1 - Basis of Presentation and Going Concern                Matters** |   |   |   |   |   |
|                                                                                           |   |   |   |   |   |   |   |
| **Cash                flows from operating activities**                                        |   |   |   |   |   |   |   |
| Net                loss for the period                                                         |   | $ | (43,183 | ) | $ | (24,272 | ) | $ | (168,061 | ) |
| Amount                not involving cash:                                                      |   |   |   |   |   |   |   |   |   |   |
| -                Shares issued for services                                                    |   |   | - |   |   | - |   |   | 2,250 |   |
| -                Compensation expenses paid with common stocks                                 |   |   | - |   |   | - |   |   | 48,960 |   |
| -                Depreciation                                                                  |   |   | 39 |   |   | 55 |   |   | 214 |   |
| Changes                in non-cash working capital items:                                      |   |   |   |   |   |   |   |   |   |   |
| -                Accounts payable and accrued liabilities                                      |   |   | 9,603 |   |   | (319 | ) |   | 22,927 |   |
| -                Due to a director                                                             |   |   | - |   |   | 1,633 |   |   | 4,544 |   |
| Net                cash used in operating activities                                           |   |   | (33,541 | ) |   | (22,903 | ) |   | (89,166 | ) |
|                                                                                           |   |   |   |   |   |   |   |   |   |   |
| **Cash                flows from investing activities**                                        |   |   |   |   |   |   |   |   |   |   |
| Additions                to equipment                                                          |   |   | - |   |   | - |   |   | (432 | ) |
| Net                cash flows used in investing activities                                     |   |   | - |   |   | - |   |   | (432 | ) |
|                                                                                           |   |   |   |   |   |   |   |   |   |   |
| **Cash                flows from financing activities**                                        |   |   |   |   |   |   |   |   |   |   |
| Proceeds                from the issuance of common stock                                      |   |   | - |   |   | - |   |   | 47,460 |   |
| Proceeds                from the issuance of promissory notes                                  |   |   | - |   |   | - |   |   | 30,000 |   |
| Proceeds                from liabilities to issue shares                                       |   |   | 13,029 |   |   | - |   |   | 13,029 |   |
| Net                cash flows provided by financing activities                                 |   |   | 13,029 |   |   | - |   |   | 90,489 |   |
|                                                                                           |   |   |   |   |   |   |   |   |   |   |
| **Increase                (Decrease) in cash**                                                 |   |   | (20,512 | ) |   | (22,903 | ) |   | 891 |   |
|                                                                                           |   |   |   |   |   |   |   |   |   |   |
| **Cash                - beginning of period**                                                  |   |   | 21,403 |   |   | 55,014 |   |   | - |   |
|                                                                                           |   |   |   |   |   |   |   |   |   |   |
| **Cash                - end of period**                                                        |   | $ | 891 |   | $ | 32,111 |   | $ | 891 |   |
|                                                                                           |   |   |   |   |   |   |   |   |   |   |
| **Supplementary                cash flow information**                                         |   |   |   |   |   |   |   |   |   |   |
| Interest                paid in cash                                                           |   | $ | 4 |   | $ | - |   | $ | 4 |   |
| Income                taxes paid in cash                                                       |   | $ | - |   | $ | - |   | $ | - |   |
|                                                                                           |   |   |   |   |   |   |   |   |   |   |
| (See                accompanying notes to the financial                statements)             |

----

**MCNAB      CREEK GOLD CORP**

**1.      Basis of Presentation and Going Concern Matters**

**2.      Mineral Properties**

----

**MCNAB      CREEK GOLD CORP**

**2.      Mineral Properties - continued**

|                            |   |                                |   |                              |   |                               |   |   |   | February                  15,  |   |
|---------------------------------|--------|-------------------------------------|--------|-----------------------------------|--------|------------------------------------|--------|--------|--------|--------------------------------|--------|
|                            |   |                                |   |                              |   |                               |   |   |   | 2001                  (date of |   |
|                            |   | Three                  months ended |   | Six                  months ended |   | incorporation)                  to |   |
|                            |   | September                  30,      |   | September                  30,    |   | September                  30,     |   |
|                            |   | 2005                                |   | 2004                              |   | 2005                               |   | 2004   |   | 2005                           |   |
|                            |   |                                |   |                              |   |                               |   |   |   |                           |   |
| Assays                          |   | $                                   | 1,200  |                              | $      | -                                  |   | $      | 1,200  |                           | $      | - |   | $ | 1,200 |   |
| Consulting                  fee |   |                                | 9,300  |                              |   | -                                  |   |   | 9,300  |                           |   | - |   |   | 9,300 |   |
| Supplies                        |   |                                | 430    |                              |   | -                                  |   |   | 430    |                           |   | - |   |   | 430 |   |
| Travel                          |   |                                | 3,227  |                              |   | -                                  |   |   | 3,227  |                           |   | - |   |   | 3,227 |   |
|                            |   | $                                   | 14,157 |                              | $      | -                                  |   | $      | 14,157 |                           | $      | - |   | $ | 14,157 |   |

**3.      Related Party Transactions**

|                                                       |   | September                  30, |   | March                  31, |   |
|------------------------------------------------------------|--------|--------------------------------|--------|----------------------------|--------|
|                                                       |   | 2005                           |   | 2005                       |   |
| Promissory                  note payable to a director     |   |                           |   |                       |   |
| of                  the Company, unsecured, interest at 8% |   |                           |   |                       |   |
| per                  annum, due January 9, 2006            |   | $                              | 10,000 |                       | $      | 10,000 |   |
|                                                       |   |                           |   |                       |   |   |   |
| Promissory                  note payable to a director     |   |                           |   |                       |   |   |   |
| of                  the Company, unsecured, interest at 8% |   |                           |   |                       |   |   |   |
| per                  annum, due March 19, 2006             |   |                           | 20,000 |                       |   | 20,000 |   |
|                                                       |   | $                              | 30,000 |                       | $      | 30,000 |   |

----

**PLAN      OF OPERATIONS**

| ·   | Surface              geochemical sample results with values that are suggestive of a mineral              deposit, when considered in the context of the geologic setting of              the              property. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Geophysical              anomalies that are suggestive of a mineral deposit, when considered              in the              context of the geologic setting of the              property. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Interpretation              of geological results that is indicative of a favorable setting for              a              mineral deposit. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------|

----

**SMH      PROPERTY - Plan of Operation**

**Stage      1**

| (a) | Soil                and rock chip sampling to be concentrated in the vicinity of drill                hole                93TELE 9 and on the southeast corner of the                property. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | VLF-EM                survey to locate and define faults. |
|-----|-----------------------------------------------------------|

|   | Soil                and rock chip sampling including analyses, 200 samples at                $20/sample | US$4,000 |
|--------|---------------------------------------------------------------------------------------------------------|----------|
|   | VLF-EM                survey, 20 line kilometers at 150/km                                              | 3,000    |
|   | Sub-total                                                                                               | 7,000    |
|   | All                10% contingencies                                                                    | 700      |
|   | Total                                                                                                   | 7,700    |

**Stage      2 - Contingent Upon Stage 1 Results**

| (a) | Reverse-circulation                drilling depending on the results of Stage 1. Deep holes of not less                than                1,200 feet would be employed to explore for gold mineralisation beneath                the Roberts Mountains Thrust. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Reverse-Circulation                Drilling 4800ft or 1464m at $25/metre | 36,600 |
|--------|--------------------------------------------------------------------------|--------|
|   | Engineering                and supervision                               | 6,000  |
|   | Transportation,                Accommodations and meals                  | 4,000  |
|   | Sub-total                                                                | 46,600 |
|   | All                10% contingencies                                     | 4,660  |
|   | Total                                                                    | 51,260 |

**ROXY      PROSPECT - Plan of Operation**

----

**Labor:**

**Rock      Sample Assaying and Geochemical Analyses:**

**Geophysical      Surveys:**

**Permitting      - BLM Notice of Intent:**

**Summary      of Phase I Expenditures:**

| **Task**                                              | **Cost**               |
|-------------------------------------------------------|------------------------|
| Labor                (map & geochem field work)   | $                8,800 |
| Labor                (map & geochem interp.)      | $                2,700 |
| Assaying                & Geochemical Analyses    | $                7,650 |
| Geophysics                (data acq. & re-interp) | $                7,500 |
| NOI                Permitting (start)                 | $                1,000 |
| Phase                I Total (US$)                    | $27,650                |

----

**Item      3 - Controls and Procedures**

* *

**PART      II**

**OTHER      INFORMATION**

----

31 Section      302 Certification of C.E.O. and C.F.O.

32 Section      906 Certification

**SIGNATURES**

**MCNAB      CREEK GOLD CORP.**