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


            Form 10-QSB


(Mark One)
     [X]     QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE 
SECURITIES EXCHANGE ACTO OF 1934

     For the quarter ended September 30, 1997

     [   ]     TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE 
SECURITIES EXCHANGE ACT OF 1934

     For the transition period from ________ to __________

          Commission File Number: 2-89616

GOLDEN MAPLE MINING AND LEACHING COMPANY, INC.
(Exact name of Registrant as specified in charter)

     Montana                           82-0369233     
State or other jurisdiction of       I.R.S. Employer I.D. No.
incorporation or organization

421 Coeur d'Alene Avenue, Suite 3, Coeur d'Alene, ID   83814
(Address of principal executive offices)               (Zip Code)

Issuer's telephone number, including area code:  (208) 664-3544

Check whether the Issuer (1) has 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 fling requirements for the past 90 days.  (1)  Yes 
[X]  No [    ]       (2)  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: At December 1, 1997, there 
were 216,057 shares of the Registrant's Common Stock outstanding.

PART I

ITEM 1.  FINANCIAL STATEMENTS

     The financial statements attached hereto and included herein have been 
prepared by the Company, without audit, pursuant to the rules and regulations 
of the Securities and Exchange Commission.  Certain information and footnote 
disclosures normally included in financial statements prepared in accordance 
with generally accepted accounting principles nave been condensed or omitted.  
However, in the opinion of management, all adjustments (which include only 
normal recurring accruals) necessary to present fairly the financial position 
and results of operations for the periods presented have been made.  The 
results for interim periods are not necessarily indicative of trends or of 
results to be expected for the full year.  These financial statements should 
be read in conjunction with the financial statements and notes thereto 
included in the Company's annual report on Form 10-KSB for the year ended 
December 31, 1996.

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Overview

     Since discontinuing operations in 1990, the Company has had no 
operations, other than the ownership of unpatented mining claims which were 
abandoned in August 1993.  The Company was organized for the purpose of 
engaging in mining activities; however, the Company does not have any 
significant cash or other material assets, nor does it have an established 
source of revenues sufficient to cover operating costs and to allow it to 
continue as a going concern.  The Company intends to take advantage of any 
reasonable business proposal presented which management believes will provide 
the Company and its stockholders with a viable business opportunity.  The 
board of directors will make the final approval in determining whether to 
complete any acquisition, and, unless required by applicable law, the articles 
of incorporation, or the bylaws, or by contract, stockholders' approval will 
not be sought.

     The investigation of specific business opportunities and the negotiation, 
drafting, and execution of relevant agreements, disclosure documents, and 
other instruments will require substantial management time and attention and 
will require the Company to incur costs for payment of accountants, attorneys, 
and others.  If a decision is made not to participate in or complete the 
acquisition of a specific business opportunity, the costs incurred in a 
related investigation will not be recoverable.  Further, even if an agreement 
is reached for the participation in a specific business opportunity by way of 
investment or otherwise, the failure to consummate the particular transaction 
may result in a the loss to the Company of all related costs incurred.

     Currently, management is not able to determine the time or resources that 
will be necessary to locate and acquire or merge with a business prospect.  
There is no assurance that the Company will be able to acquire an interest in 
any such prospects, products, or opportunities that may exist or that any 
activity of the Company, regardless of the completion of any transaction, will 
be profitable.  If and when the Company locates a business opportunity, 
management of the Company will give consideration to the dollar amount of that 
entity's profitable operations and the adequacy of its working capital in 
determining the terms and conditions under which the Company would consummate 
such an acquisition.  Potential business opportunities, no matter which form 
they may take, will most likely result in substantial dilution for the 
Company's shareholders due to the possible issuance of stock to acquire such 
an opportunity.  At the present time the Company has no merger or acquisition 
negotiations in process.

Liquidity and Capital Resources

     As of September 30, 1997, the Company had no assets and liabilities in 
the amount of $36,056, as compared to assets and liabilities of $840 and 
$216,598, respectively, for the year ended December 31, 1996.  The Company had 
no revenues during the quarter ended September 30, 1997, and had losses of 
$4,914 during such quarter.  Likewise the Company had no revenues during the 
nine months ended September 30, 1997, and had losses of $13,983.  Since 
discontinuing operations in 1990, the Company has not generated revenue and it 
is unlikely that any revenue will be generated until the Company locates a 
business opportunity with which to acquire or merge.  Management of the 
Company will be investigating various business opportunities.  These efforts 
may cost the Company not only out-of-pocket expenses for its management, but 
also expenses associated with legal and accounting costs.  Some expenses have 
been advanced by officers of the Company, but there is no arrangement or 
assurance that such officers will continue to advance such costs on behalf of 
the Company.  There can also be no guarantees that the Company will receive 
any benefits from the efforts of management to locate such business 
opportunities.

     The Company has had no employees since discontinuing its operations and 
does not intend to employ anyone in the future, unless its present business 
operations were to change.  The president of the Company is providing the 
Company with a location for its offices on a "rent free" basis.  The Company 
is not paying salaries or other forms of compensation to any officers or 
directors of the Company for their time and effort.  Unless otherwise agreed 
to by the Company, the Company does intend to reimburse its officers and 
director for out-of-pocket expenses.


Results of Operations

     The Company has not had any operations during the period ended September 
30, 1997, and has not had any significant operations since discontinuing 
mining operations.  Since that time, the Company's only operations have 
involved the negotiation of settlement of the Company's outstanding 
liabilities and the ownership of unpatented mining claims which were acquired 
in 1986 and abandoned in 1993.

PART II  OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS

     None

ITEM 2.  CHANGES IN SECURITIES

     None

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

     None

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

     The Board of Directors called a special meeting of shareholders to be 
held on June 30, 1997.  On such date a quorum was not present and the meeting 
was adjourned until a quorum could be obtained.  On August 26, 1997, the 
meeting was reconvened and the shareholders of the Company authorized a 
reverse split of the 5,401,279 outstanding shares of common stock of the 
Company at the rate of one share for each twenty-five shares outstanding.  The 
reverse spit reduced the number of outstanding shares to 216,057.  In 
addition, the shareholders approved an amendment to Article V of the Articles 
of Incorporation of the Company to increase the number of authorized shares of 
common stock to 50,000,000 and to reduce the par value to $.001.  Also, the 
shareholders elected the three current directors.

ITEM 5.  OTHER INFORMATION

     None

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

     (a)     Exhibits.  The following exhibits are included as part of this 
report:


     EXHIBIT NO.     DESCRIPTION OF EXHIBIT                    PAGE

     3.1               Articles of Incorporation                         *

     3.2               Amendment to Articles of Incorporation 
                       dated March 28, 1983                              *

     3.3               Amendment to Articles of Incorporation 
                       dated October 20, 1997                     Attached

     3.4               Bylaws of the Company                             *

        *Incorporated by reference from the Company's registration statement on
Form S-18 filed with the Securities and Exchange Commission, file no. 2-89616.

(b)  Reports on Form 8-K:  No reports on Form 8-K were filed during the 
quarter covered by this report.

SIGNATURES

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

                                         GOLDEN MAPLE MINING AND
                                         LEACHING COMPANY, INC.


Date: December 11, 1997                  By  /s/Donald L. Hess, President


Date: December 11, 1997                  By  /s/ Howard M. Oveson, 
Principal                                Financial and Accounting Officer

<PAGE>

EXHIBIT 3.3


ARTICLES OF AMENDMENT 

TO THE

ARTICLES OF INCORPORATION 

OF

GOLDEN MAPLE MINING AND LEACHING COMPANY, INC.

     Golden Maple Mining and Leaching Company, Inc., by and through the 
undersigned, constituting the President and Secretary of such entity, hereby 
amends the Articles of Incorporation of said corporation as follows:

1.     The name of the corporation is Golden Maple Mining and Leaching 
    Company, Inc.

2.     Article V of the Articles of Incorporation is amended to read as follows:

          The stock of the corporation shall consist of one class, namely: 
          common stock in the amount of fifty million (50,000,000) shares of the
          par value of $0.001 each.

3.     The foregoing amendment was adopted by the shareholders at a special 
    held on August 26, 1997.

4.     The number of shares of common stock outstanding and entitled to vote 
    upon such amendment was 5,401,279.  The number of votes indisputably 
    represented at the meeting was 2,762,800.

5.     The number of shares voted for the amendment was 2,657,200; against was 
    14,300; and abstained was 91,300. 

6.     The foregoing amendment does not provide for an exchange or cancellation
    of issued shares of the corporation.  All issued shares will be reclassified
    as having a par value of $0.001.  At the special meeting of shareholders,
    the shareholders duly approved a one-for-25 reverse split of the issued 
    and outstanding shares of the corporation effective August 26, 1997.

Dated: October 20, 1997                    Golden Maple Mining and Leaching 
                                           Company, Inc.

Attest:
                                           By /s/Donald L. Hess, President
/s/Howard M. Oveson, Secretary

<PAGE>

GOLDEN MAPLE MINING AND
 LEACHING COMPANY, INC.
(UNAUDITED)

September 30, 1997

<PAGE>

GOLDEN MAPLE MINING AND
LEACHING COMPANY, INC.                         Notes to Financial Statements
(Unaudited)                                        as of September 30, 
1997     


The financial statements of Golden Maple Mining and Leaching Company, Inc. 
included herein, have been prepared without audit, pursuant to the rules and 
regulations of the Securities and Exchange Commission.  Although certain 
information normally included in financial statements prepared in accordance 
with generally accepted accounting principles has been condensed or omitted, 
Golden Maple Mining Company, Inc. believes that the disclosures are adequate 
to make the information presented not misleading.  These financial statements 
should be read in conjunction with the financial statements and notes thereto 
included in Golden Maple Mining and Leaching Company's annual report on Form 
10-K for the year ended December 31, 1996.

The financial statements included herein reflect all normal recurring 
adjustments that, in my opinion of management, are necessary for a fair 
presentation.  The results for interim periods are not necessarily indicative 
of trends or of results to the expected for a full year.

<PAGE>

GOLDEN MAPLE MINING AND					
LEACHING COMPANY, INC.          	Statement of Financial Position as of				
(Unaudited)	                     September 30, 1997 and December 31, 1996				
					
                 ASSETS					
                              	         	September 30,			December 31,
		                                          1997	         		1996

CURRENT ASSETS - Cash			                                	$     840 
					
TOTAL ASSETS                            	$	 -0- 	       	$     840 
					

LIABILITIES AND STOCKHOLDERS' EQUITY					

CURRENT LIABILITIES					
    Accounts payable                    	$	            		$  75,187 
    Interest payable to related party					                  81,524 
    Advances from and accounts payable 
    to	related parties	                   	 36,056     			  59,887 
					
        Total Current Liabilities	        	 36,056 	    		 216,598 
					
STOCKHOLDERS' EQUITY					
    Common stock; $.01 par value; 
    10,000,000 shares authorized; 
    5,401,279 shares issued and 
    outstanding	as of December 31, 1996; 	             				 54,013 
    $.001 par value; 50,000,000 shares 
    authorized; 216,057	shares issued 
    and outstanding as of September 30, 
    1997                                        	 216 			
    Additional paid-in capital		            1,211,863  		 1,158,066 
    Accumulated deficit		                  (1,248,135)		 (1,427,837)
					
        Total Stockholders' Equity	      	    (36,056)	    (215,758)
					
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	 $ -0-      		$	 840 





GOLDEN MAPLE MINING AND	             Statement of Operations For the	          	
LEACHING COMPANY, INC.	              Three and Six Month Period        
(Unaudited)	                         Ended September 30, 1997

                                       		 Three 			 Nine 
                                       		 Months 		 Months 

REVENUE                                  	$	-0-	   	$	-0-

OPERATING EXPENSES					
    Legal and accounting	                 	 3,630 			 10,370 
    Fees		                                  1,284 			  3,411 
    Office					                                          202 
         Total operating expenses		         4,914 			 13,983 

(LOSS) FROM OPERATIONS		                   (4,914)			(13,983)

OTHER INCOME					
    Forgiveness of debt					                         193,681 
    Interest					                                          4 
       Total other income					                       193,685 
					
NET INCOME (LOSS)	                      $	 (4,914)	$ 179,702 
					
NET INCOME (LOSS) PER SHARE	            $   	(.03)	$   	 .05 

<PAGE>

GOLDEN MAPLE MINING AND							          Statement of Changes in Stockholders'
LEACHING COMPANY, INC.							           Equity For the Three Month Period
(Unaudited)			   				                   Ended September 30, 1997

                                    							Additional
                          	Common Stock						Paid-in 		Accumulated
                        	Shares	 		Amount		  Capital  	Deficit			   Totals

Balances as of													
    June 30, 1997	     5,401,279  $54,013  	$1,158,066  (1,243,221)  $(31,142)
													
Reverse stock split
on a one for 
twenty-five basis and 
change in par value	
from $.01 per share 
to $.001 per share    (5,185,222) (53,797) 	  	 53,797 						
													
Net (loss)			                                       							 (4,914)			 (4,914)
													
Balances as of													
  September 30, 1997     216,057		$ 	 216 		$1,211,863 	$(1,248,135) 	$(36,056)


<PAGE>

GOLDEN MAPLE MINING AND		               Statement of Cash Flows For the 			
LEACHING COMPANY, INC.		                Three and Nine Month Periods Ended 			
(Unaudited)		                           September 30, 1997 			
					
	                                     	 Three 		  	    Nine 
                                     		 Months 			     Months 

CASH FLOWS FROM OPERATING ACTIVITIES					
    Net income (loss)	                 $	 (4,914)	   	$	 179,702 
    (Decrease) in accounts payable					                  (73,839)
    (Decrease) in interest payable to 
    related party                                   				 (81,524)
    (Decrease) increase in advances 
      from and accounts payable to					
      related parties		                    4,914     			 (25,179)
       Net uses of cash from 
       operating activities	              	 -0- 	        		 (840)

NET DECREASE IN CASH		                      -0- 	        		 (840)

CASH AT BEGINNING OF PERIOD		               -0-          			 840 

CASH AT END OF PERIOD                 	$  	 -0-     		$    	 -0-