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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 March 31, 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 [   ]  No [X]       (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 September 3, 1997, giving effect to
a one-for-25 reverse split effective August 26, 1997, there were 215,971 shares
of the Registrant's Common Stock outstanding.

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NOTE:  GOLDEN MAPLE MINING AND LEACHING COMPANY, INC. (THE "COMPANY") HAS BEEN
DELINQUENT IN THE FILING OF ITS PERIODIC REPORTS SINCE MAY 1993.  THIS REPORT IS
ONE OF SEVERAL REPORTS BEING FILED ESSENTIALLY SIMULTANEOUSLY IN ORDER TO BRING
THE COMPANY CURRENT IN ITS REPORTING OBLIGATIONS.  UNLESS OTHERWISE INDICATED
THEREIN, THE REPORTS PROVIDE INFORMATION FOR THE PERIOD DESCRIBED IN THE COVER
PAGE THEREOF TO WHICH IT RELATES.  SUCH INFORMATION SHOULD BE CONSIDERED IN
LIGHT OF ALL OTHER REPORTS FILED BY THE COMPANY, PARTICULARLY REPORTS BEING
FILED FOR SUBSEQUENT PERIODS.

                                     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.  These
financial statements should be read in conjunction with the accompanying notes,
and with the historical financial information of the Company.

                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.
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     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.

Liquidity and Capital Resources

     As of March 31, 1997, the Company had minimal assets of cash in the amount
of $755 and liabilities in the amount of $216,598, as compared to assets and
liabilities of $840 and $216,598, respectively, for the year ended December 31,
1996.  The Company had no revenues and had losses of $89 for the three months
ended March 31, 1997.  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.

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Results of Operations

     The Company has not had any operations during the period ended March 31,
1997, and has not had any significant operations since discontinuing mining
operations in 1985.  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

     None

                           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            Bylaws of the Company                        *

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       *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:  September 10, 1997          By  /s/Donald L. Hess, President


Date:  September 10, 1997          By  /s/ Howard M. Oveson, Principal 
                                   Financial and Accounting Officer

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


                                 MARCH 31, 1997
<PAGE>
GOLDEN MAPLE MINING AND
LEACHING COMPANY, INC.                    Statement of Financial Position as of 
(Unaudited)                                March 31, 1997 and December 31, 1996 
________________________________________________________________________________
<TABLE>

                                     ASSETS
                                     ------
<CAPTION>
                                                       March 31,   December 31, 
                                                            1997           1996 
                                                     ------------   ------------
<S>                                                 <C>            <C>          
CURRENT ASSETS - Cash                                $       755    $       840 
                                                     ------------   ------------
TOTAL ASSETS                                         $       755    $       840 
                                                     ============   ============

                      LIABILITIES AND STOCKHOLDERS' EQUITY
                      ------------------------------------

CURRENT LIABILITIES
     Accounts payable                                $    75,187     $   75,187 
     Interest payable to related party                    81,524         81,524 
     Advances from and accounts payable to
      related parties                                     59,887         59,887 
                                                     ------------   ------------
       Total Current Liabilities                         216,598        216,598 
                                                     ------------   ------------

STOCKHOLDERS' EQUITY
     Common stock; $.01 par value; 10,000,000
      shares authorized; 5,401,279 shares 
      issued and outstanding                              54,013         54,013 
     Additional paid-in capital                        1,158,066      1,158,066 
     Accumulated deficit                              (1,427,922)    (1,427,837)
                                                     ------------   ------------
       Total Stockholders' Equity                       (215,843)      (215,758)
                                                     ------------   ------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY           $       755    $       840 
                                                     ============   ============
</TABLE>

    The accompanying notes are an integral part of these financial statements

<PAGE>
GOLDEN MAPLE MINING AND                         Statement of Operations For the 
LEACHING COMPANY, INC.                                 Three Month Period Ended 
(Unaudited)                                                      March 31, 1997 
________________________________________________________________________________

<TABLE>
<S>                                                <C>           
REVENUE                                              $       -0- 
                                                     ------------
OPERATING EXPENSES
     Office                                                   89 
                                                     ------------
(LOSS) FROM OPERATIONS                                       (89)
                                                     ------------
OTHER INCOME
     Interest                                                  4 
                                                     ------------
NET (LOSS)                                           $       (85)
                                                     ============
NET (LOSS) PER SHARE                                 $      (NIL)
                                                     ============

</TABLE>

    The accompanying notes are an integral part of these financial statements
<PAGE>
GOLDEN MAPLE MINING AND                    Statement of Changes in Stockholders'
LEACHING COMPANY, INC.                         Equity For the Three Month Period
(Unaudited)                                                 Ended March 31, 1997
________________________________________________________________________________

<TABLE>
<CAPTION>
                           Common Stock      Additional 
                       ----------------------   Paid-In Accumulated 
                           Shares    Amount     Capital      Deficit    Totals 
                       ---------------------------------------------------------
<S>                     <C>        <C>       <C>         <C>          <C> 
Balances as of
ecember 31, 1996         5,401,279  $ 54,013  $1,158,066  $(1,427,837)$(215,758)

Net (loss)                                                        (85)      (85)
                       ---------------------------------------------------------
Balances as of
March 31, 1997           5,401,279  $ 54,013  $1,158,066  $(1,427,922)$(215,843)
                       =========================================================

</TABLE>

      The accompanying notes are an integral part of these financial statements
<PAGE>
GOLDEN MAPLE MINING AND                             Statement of Cash Flows For 
LEACHING COMPANY, INC.                             the Three Month Period Ended 
(Unaudited)                                                      March 31, 1997 
________________________________________________________________________________

<TABLE>
<S>                                                              <C>          

CASH FLOWS FROM OPERATING ACTIVITIES
  Net (loss)                                                      $      (85) 
                                                                  ------------
NET DECREASE IN CASH                                                      (85)

CASH AT BEGINNING OF PERIOD                                               840 
                                                                  ------------
CASH AT END OF PERIOD                                             $       755 
                                                                  ============
</TABLE>

    The accompanying notes are an integral part of these financial statements
<PAGE>
GOLDEN MAPLE MINING AND
LEACHING COMPANY, INC.                            Notes to Financial Statements 
(Unaudited)                                                as of March 31, 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.