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

                                    FORM 10-Q

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

    FOR THE QUARTERLY PERIOD ENDED MAY 31, 2009

                        Commission file number 333-141426


                               ELKO VENTURES INC.
             (Exact name of registrant as specified in its charter)

                                     Nevada
         (State or other jurisdiction of incorporation or organization)

                                  650 Ruby Way
                            Crescent Valley, NV 89821
          (Address of principal executive offices, including zip code)

                                  (775)201-6669
                     (Telephone number, including area code)

Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the last 90 days. YES [X] NO [ ]

Indicate by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer, or a smaller reporting company. See
the definitions of "large accelerated filer, "accelerated filer,"
"non-accelerated filer," and "smaller reporting company" in Rule 12b-2 of the
Exchange Act.

Large accelerated filer [ ]                        Accelerated filer [ ]

Non-accelerated filer [ ]                          Smaller reporting company [X]

Indicate by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act). YES [X] NO [ ]

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date: 13,200,000 shares as of July 6, 2009
<PAGE>
ITEM 1. FINANCIAL STATEMENTS.

The un-audited financial statements for the quarter ended May 31, 2009
immediately follow.



                                       2
<PAGE>
                               ELKO VENTURES INC.
                         (An Exploration Stage Company)
                                 Balance Sheet
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                                     As of              As of
                                                                    May 31,          February 28,
                                                                     2009               2009
                                                                   --------           --------
<S>                                                                <C>                <C>
                                     ASSETS

CURRENT ASSETS
  Cash                                                             $ 21,175           $ 27,350
  Deposits                                                              235                235
                                                                   --------           --------
TOTAL CURRENT ASSETS                                                 21,410             27,585
                                                                   --------           --------

      TOTAL ASSETS                                                 $ 21,410           $ 27,585
                                                                   ========           ========

                       LIABILITIES & STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
  Accounts Payable                                                    1,800              3,380
                                                                   --------           --------
TOTAL CURRENT LIABILITIES                                             1,800              3,380

      TOTAL LIABILITIES                                               1,800              3,380

STOCKHOLDERS' EQUITY
  Common stock, ($0.001 par value, 250,000,000
   shares authorized; 13,200,000 shares issued and
   outstanding as of May 31, 2009 and February 28, 2009)             13,200             13,200
  Additional paid-in capital                                         58,800             58,800
  Deficit accumulated during development stage                      (52,390)           (47,795)
                                                                   --------           --------
TOTAL STOCKHOLDERS' EQUITY                                           19,610             24,205
                                                                   --------           --------

      TOTAL LIABILITIES & STOCKHOLDERS' EQUITY                     $ 21,410           $ 27,585
                                                                   ========           ========
</TABLE>


                        See Notes to Financial Statements

                                       3
<PAGE>
                               ELKO VENTURES INC.
                         (An Exploration Stage Company)
                             Statement of Operations
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                                                 February 5, 2007
                                       Three Months          Three Months          (inception)
                                          ended                 ended                through
                                         May 31,               May 31,               May 31,
                                          2009                  2008                  2009
                                       -----------           -----------           -----------
<S>                                    <C>                   <C>                   <C>
REVENUES
  Revenues                             $        --           $        --           $        --
                                       -----------           -----------           -----------
TOTAL REVENUES                                  --                    --                    --

OPERATIONG EXPENSES
  Mineral Exploration Expense                   --                 3,750                21,111
  Office and Administration                  1,095                   860                11,617
  Professional Fees                          3,500                 3,327                19,663
                                       -----------           -----------           -----------
TOTAL OPERATING EXPENSES                    (4,595)               (7,938)              (52,390)
                                       -----------           -----------           -----------

NET INCOME (LOSS)                      $    (4,595)          $    (7,938)          $   (52,390)
                                       ===========           ===========           ===========

BASIC EARNINGS PER SHARE               $     (0.00)          $     (0.00)
                                       ===========           ===========

WEIGHTED AVERAGE NUMBER OF
 COMMON SHARES OUTSTANDING              13,200,000            13,200,000
                                       ===========           ===========
</TABLE>


                        See Notes to Financial Statements

                                       4
<PAGE>
                               ELKO VENTURES INC.
                         (An Exploration Stage Company)
                             Statement of Cash Flows
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                                                                     February 5, 2007
                                                                 Three Months       Three Months       (inception)
                                                                    ended              ended             through
                                                                   May 31,            May 31,            May 31,
                                                                    2009               2008               2009
                                                                  --------           --------           --------
<S>                                                               <C>                <C>                <C>
CASH FLOWS FROM OPERATING ACTIVITIES
  Net income (loss)                                               $ (4,595)          $ (7,938)          $(52,390)
  Adjustments to reconcile net loss to net cash
   provided by (used in) operating activities:

  Changes in operating assets and liabilities:
    (Increase) Decrease in Deposits                                     --             (8,735)              (235)
    Increase (Decrease) in Due to a Director                            --                300                 --
    Increase (Decrease) in Accounts Payable                         (1,580)            (1,500)             1,800
                                                                  --------           --------           --------
          NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES       (6,175)           (17,873)           (50,825)

CASH FLOWS FROM INVESTING ACTIVITIES

          NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES           --                 --                 --

CASH FLOWS FROM FINANCING ACTIVITIES
  Issuance of common stock                                              --                 --             13,200
  Additional paid-in capital                                            --                 --             58,800
                                                                  --------           --------           --------
          NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES           --                 --             72,000
                                                                  --------           --------           --------

NET INCREASE (DECREASE) IN CASH                                     (6,175)           (17,873)            21,175

CASH AT BEGINNING OF PERIOD                                         27,350             51,661                 --
                                                                  --------           --------           --------

CASH AT END OF PERIOD                                             $ 21,175           $ 33,789           $ 21,175
                                                                  ========           ========           ========

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION

Cash paid during period for:
  Interest                                                        $     --           $     --           $     --
                                                                  ========           ========           ========
  Income Taxes                                                    $     --           $     --           $     --
                                                                  ========           ========           ========
</TABLE>


                        See Notes to Financial Statements

                                       5
<PAGE>
                               ELKO VENTURES INC.
                         (An Exploration Stage Company)
                          Notes to Financial Statements
                                  May 31, 2009
--------------------------------------------------------------------------------

NOTE 1 - CONDENSED FINANCIAL STATEMENTS

The accompanying  financial  statements have been prepared by Elko Ventures Inc.
(the  "Company")  without audit.  In the opinion of management,  all adjustments
(which include only normal  recurring  adjustments)  necessary to present fairly
the financial position,  results of operations,  and cash flows at May 31, 2009,
and for all periods presented herein, have been made.

Certain  information  and footnote  disclosures  normally  included in financial
statements prepared in accordance with accounting  principles generally accepted
in the United States of America have been condensed or omitted.  It is suggested
that  these  condensed  financial  statements  be read in  conjunction  with the
financial  statements and notes thereto  included in the Company's  February 28,
2009 audited  financial  statements.  The results of  operations  for the period
ended May 31, 2009 is not  necessarily  indicative of the operating  results for
the full year.

NOTE 2 - GOING CONCERN

The  Company's  financial  statements  are  prepared  using  generally  accepted
accounting  principles  in the United  States of America  applicable  to a going
concern  which  contemplates  the  realization  of  assets  and  liquidation  of
liabilities  in  the  normal  course  of  business.  The  Company  has  not  yet
established  an ongoing  source of revenues  sufficient  to cover its  operating
costs and allow it to continue as a going concern. The ability of the Company to
continue  as a going  concern is  dependent  on the Company  obtaining  adequate
capital to fund operating losses until it becomes profitable.  If the Company is
unable to obtain adequate capital, it could be forced to cease operations.

In order to continue as a going  concern,  the  Company  will need,  among other
things,  additional  capital  resources.  Management's  plan is to  obtain  such
resources for the Company by obtaining  capital from  management and significant
shareholders  sufficient  to meet its  minimal  operating  expenses  and seeking
equity and/or debt financing.  However  management cannot provide any assurances
that the Company will be successful in accomplishing any of its plans.

The ability of the Company to continue as a going concern is dependent  upon its
ability  to  successfully  accomplish  the  plans  described  in  the  preceding
paragraph and eventually secure other sources of financing and attain profitable
operations. The accompanying financial statements do not include any adjustments
that might be necessary if the Company is unable to continue as a going concern.

                                       6
<PAGE>
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.

FORWARD LOOKING STATEMENTS

This report contains forward-looking statements that involve risk and
uncertainties. We use words such as "anticipate", "believe", "plan", "expect",
"future", "intend", and similar expressions to identify such forward-looking
statements. Investors should be aware that all forward-looking statements
contained within this filing are good faith estimates of management as of the
date of this filing and actual results may differ materially from historical
results or our predictions of future results.

RESULTS OF OPERATIONS

We have generated no revenue since inception and have incurred $52,390 in
expenses through May 31, 2009. For the three months ended May 31, 2009 we
incurred operating expenses of $4,595. For the same period ended May 31, 2008 we
had operating expenses of $7,938.

Our cash in the bank at May 31, 2009 was $21,175, with total assets being
$21,410. Our outstanding liabilities were $1,800. Cash provided by financing
activities since inception is as follows:

     1.   On February 5, 2007, a total of 2,400,000 shares of common stock were
          issued in exchange for $12,000 US, or $.005 per share. These
          securities were issued to an officer and director of the company.

     2.   On June 28, 2007, we completed and closed our offering pursuant to a
          Registration Statement on Form SB-2 selling a total of 2,000,000
          shares at $.03 per share to raise $60,000.

On January 31, 2008, the company affected a three for one forward stock split of
our share capital such that every one share of common stock issued and
outstanding prior to the split was exchanged for three post-split shares of
common stock. The company also changed its post-split authorized capital to
250,000,000 shares of common stock with a par value of $0.001 per share. Our
issued and outstanding share capital increased from 4,400,000 shares of common
stock to 13,200,000 shares of common stock. An 8-K disclosing this information
was filed with the Securities and Exchange Commission on January 31, 2008.

After completing Phase 1 of the exploration program on the claim the geologist
recommended a continuation of Phase 1 (Phase 1A) to further examine anomalies
that were identified in the initial phase. We directed him to proceed with Phase
1A, which he completed and we are currently reviewing the results to determine
whether we will follow through with further exploration.

                                       7
<PAGE>
LIQUIDITY AND CAPITAL RESOURCES

Our cash balance at May 31, 2009 was $21,175. We have an outstanding asset of
$235 which consists of a prepaid expense. If we experience a shortage of funds
for operating expenses we may utilize funds from our directors, who have agreed
to advance funds for operations, however they have no formal commitment,
arrangement or legal obligation to advance or loan funds to us. We are an
exploration stage company and have generated no revenue to date.

PLAN OF OPERATION

Following is an outline of our exploration program:

PHASE 1 (COMPLETED)

Detailed prospecting, mapping and soil geochemistry.
The estimated cost for this program is all inclusive                     $ 8,500

PHASE 1A (COMPLETED)

Detailed prospecting and soil geochemistry in the
specific areas where anomalies were identified in Phase 1.
The estimated cost for this program is all inclusive                      8,500

PHASE 2

Magnetometer and VLF electromagnetic, grid controlled
surveys over the areas of interest determined by the
Phase 1 survey. Included in this estimated cost is
transportation, accommodation, board, grid installation,
two geophysical surveys, maps and report                                  10,500

PHASE 3

Induced polarization survey over grid controlled anomalous
area of interest outlined by Phase 1&2 fieldwork. Hoe or
bulldozer trenching, mapping and sampling of bedrock
anomalies. Includes assays, detailed maps and reports                     30,000
                                                                         -------

                                         Total                           $57,500
                                                                         =======

Each phase following phase 1 is contingent upon favorable results from the
previous phase.

The above program costs are management's estimates based upon the
recommendations of the professional geologist's report and the actual project
costs may exceed our estimates.

                                       8
<PAGE>
After completing Phase 1 of the exploration program on the claim the geologist
recommended a continuation of Phase 1 (Phase 1A) to further examine anomalies
that were identified in the initial phase. We directed him to proceed with Phase
1A, which he completed and we are currently reviewing the results to determine
whether we will follow through with further exploration. Following Phase 1A of
the exploration program, if we deem the results positive enough, we intend to
proceed with Phase 2 of our exploration program. The estimated cost of this
program is $10,500 and will take approximately 10 days to complete and an
additional one to two months for the consulting geologist to receive the results
from the assay lab and prepare his report.

Following Phase 2 of the exploration program, if it proves successful, and we
are able to raise additional funding, we intend to proceed with Phase 3 of our
exploration program. The estimated cost of this program is $30,000 and will take
approximately 20 days to complete and an additional one to two months for the
consulting geologist to receive the results from the assay lab and prepare his
report.

If we decide to follow through with further exploration we anticipate commencing
the second phase of our exploration program in summer 2009 and the third phase
in late 2009, if we are able to raise the funding to proceed with phase three.
We have a verbal agreement with James McLeod, the consulting geologist who
prepared the geology report on our claims, to utilize his services for our
exploration program. We cannot provide investors with any assurance that we will
be able to raise sufficient funds to proceed with any work after the exploration
program if we find mineralization.

If we experience a shortfall of operating capital our directors have agreed to
loan us the funds to continue operations.

We do not intend to purchase any significant property or equipment, nor incur
any significant changes in employees during the next 12 months.

OFF-BALANCE SHEET ARRANGEMENTS

We do not have any off-balance sheet arrangements that have or are reasonably
likely to have a current or future effect on our financial condition, changes in
financial condition, revenues or expenses, results of operations, liquidity,
capital expenditures or capital resources that is material to investors.

ITEM 4. CONTROLS AND PROCEDURES.

EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES

Under the supervision and with the participation of our management, including
our principal executive officer and the principal financial officer, we have
conducted an evaluation of the effectiveness of the design and operation of our
disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e)
under the Securities and Exchange Act of 1934, as of the end of the period

                                       9
<PAGE>
covered by this report. Based on this evaluation, our principal executive
officer and principal financial officer concluded as of the evaluation date that
our disclosure controls and procedures were effective such that the material
information required to be included in our Securities and Exchange Commission
reports is accumulated and communicated to our management, including our
principal executive and financial officer, recorded, processed, summarized and
reported within the time periods specified in SEC rules and forms relating to
our company, particularly during the period when this report was being prepared.

CHANGES IN INTERNAL CONTROLS OVER FINANCIAL REPORTING

There have been no changes in our internal control over financial reporting that
occurred during the last fiscal quarter ended May 31, 2009 that have materially
affected, or are reasonably likely to materially affect, our internal control
over financial reporting.

                           PART II. OTHER INFORMATION

ITEM 6. EXHIBITS.

<TABLE>
<CAPTION>
                                                                           Incorporated by Reference
Exhibit No.                 Exhibit                                            or Filed Herewith
-----------                 -------                                            -----------------
<S>            <C>                                                 <C>
   3.1         Articles of Incorporation                           Incorporated by reference to the Registration
                                                                   Statement  on Form SB-2 filed with the SEC on
                                                                   3/20/07 and subsequently amended and filed on
                                                                   Form 8-K on 1/31/08, File No. 333-141426

   3.2         Bylaws                                              Incorporated by reference to the Registration
                                                                   Statement on Form SB-2 filed with the SEC on
                                                                   3/20/07, File No. 333-141426

   31          Section 302 Certification of Chief Executive        Filed herewith
               Officer and Chief Financial Officer

   32          Section 906 Certification of Chief Executive        Filed herewith
               Officer and Chief Financial Officer
</TABLE>

                                       10
<PAGE>
                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

July 6, 2009               Elko Ventures Inc., Registrant


                           By: /s/ Lou Schiliro
                               -------------------------------------------------
                               Lou Schiliro, President, Chief Executive Officer,
                               Principal Accounting Officer, and Chief Financial
                               Officer & Director

In accordance with the Exchange Act, this report has been signed below by the
following persons on behalf of the registrant and in the capacities and on the
dates indicated.

July 6, 2009               Elko Ventures Inc., Registrant


                           By: /s/ Lou Schiliro
                               -------------------------------------------------
                               Lou Schiliro, President, Secretary, Chief
                               Executive Officer, Principal Accounting Officer
                               and Chief Financial Officer & Director

                                       11