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

                                   FORM 12b-25                  SEC FILE NUMBER
                                                                    0-13078
                           NOTIFICATION OF LATE FILING          ---------------
                                                                 CUSIP NUMBER
                                                                   521738 20 3

(Check One): | |Form 10-K |_|Form 20-F |_|Form 11-K |X| Form 10-Q |X|Form N-SAR

          For Period Ended:   4/30/01

          (   ) Transition Report on Form 10-K
          (   ) Transition Report on Form 20-F
          (   ) Transition Report on Form 11-K
          (   ) Transition Report on Form 10-Q
          (   ) Transition Report on Form N-SAR
          For the Transition Period Ended:_____________________________________

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 Read Instructions (on back page) Before Preparing Form. Please Print or Type.

      NOTHING IN THIS FORM SHALL BE  CONSTRUED TO IMPLY THAT THE COMMISSION  HAS
           VERIFIED ANY INFORMATION CONTAINED HEREIN.

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      If  the  notification  relates to a portion of the filing  checked  above,
           identify the Item(s) to which the notification relates:

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PART I -- REGISTRANT INFORMATION

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Full Name of Registrants:

LEADVILLE MINING & MILLING CORPORATION
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Former Name if Applicable

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Address of Principal Executive Offices (Street and Number)

76 Beaver Street
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City, State and Zip Code

NY, NY  10005
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PART II - RULES 12b-25(b) AND (c)

If the subject report could not be filed without  unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed (Check box if appropriate)



       (a)  The reasons  described in reasonable detail in Part III of this form
            could not be eliminated without unreasonable effort or expense;
  X    (b)  The subject  quarterly report  on  Form  10-QSB  will be filed on or
            before the fifteenth calendar day following the prescribed due date;
            and
       (c)  The  accountant's  statement  or  other  exhibit  required  by  Rule
            12(b)-25(c) has been attached if applicable.

PART III -- NARRATIVE

State below in  reasonable  detail the reasons why the Form 10-QSB  could not be
filed within the prescribed time period. (Attach Extra Sheets If Needed)

"The financial statements and Managements Discussion are not completed."

PART IV --OTHER INFORMATION

(1)  Name  and  telephone  number  of  person  to  contact  in  regard  to  this
     notification:

     Gifford Dieterle                               212             344-2785
        Name                                      Area Code    Telephone Number

(2)  Have all other periodic  reports  required under Section 13 or 15(d) of the
     Securities Exchange Act of 1934 or Section 30 of the Investment Company Act
     of 1940 during the  preceding 12 months (or for such  shorter)  period that
     the registrant was required to file such reports) been filed?  If answer is
     no, identify report(s). _
                                                               |X| Yes    |_| No

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(3)  Is it anticipated that any significant change in results of operations from
     the corresponding  period for the last fiscal year will be reflected by the
     earnings  statements  to be  included  in the  subject  report  or  portion
     thereof?
                                                                 |X| Yes  |_| No

    If so, attach an explanation of the anticipated change, both narratively and
    quantitatively,  and, if  appropriate,  state the  reasons why a  reasonable
    estimate of the results cannot be made.

The net loss for the three and nine months ended April 30, 2001 was $543,000 and
$2,125,000, respectively, compared to $497,000 and $1,216,000, respectively, for
the same periods in 2000.  the increased  loss results  primarily from increased
exploration  activities  and  the  availability  of  capital  from  the  sale of
securities to conduct these exploration activities.




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                             LEADVILLE MINING & MILLING CORPORATION
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                  (Name of Registrant as Specified in Charter)



has caused this  notification  to be signed on their  behalf by the  undersigned
hereunto duly authorized.


Date June 13, 2001                       By /s/ Gifford Dieterle
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                                          Gifford Dieterle


Instruction: The form may be signed by an executive officer of the registrant or
by any other duly  authorized  representative.  The name and title of the person
signing  the form  shall  be typed or  printed  beneath  the  signature.  If the
statement is signed on behalf of the registrant by an authorized  representative
(other than an executive officer), evidence of the representative's authority to
sign on behalf of the registrant shall be filed with the form.

-----------------------------------ATTENTION------------------------------------
    INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL
                        VIOLATIONS (SEE 18 U.S.C. 1001).
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