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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, 1996

     [   ]     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.
<PAGE>
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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 September 30, 1996, the Company had minimal assets of cash in the
amount of $860 and liabilities in the amount of $197,542, as compared to
assets and liabilities of $1,727 and $197,541, respectively, for the year
ended December 31, 1995.  The Company had no revenues and had losses of $868
for the nine months ended September 30, 1996.  Likewise the Company had no
revenues during the three months ended September 30, 1996, and had losses of
$20.  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 September
30, 1996, 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.

                              SEPTEMBER 30, 1996
                                  (UNAUDITED)

<PAGE>
GOLDEN MAPLE MINING
LEACHING COMPANY, INC.                    Statement of Financial Position as of 
(Unaudited)                            September 30, 1996 and December 31, 1995 
________________________________________________________________________________

<TABLE>
                                     ASSETS
                                     -------
<CAPTION>
                                                   September 30,   December 31, 
                                                            1996           1995 
                                                     ------------   ------------
<S>                                                 <C>            <C>          
CURRENT ASSET - Cash                                 $       860    $     1,727 
                                                     ------------   ------------
TOTAL ASSETS                                         $       860    $     1,727 
                                                     ============   ============

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

CURRENT LIABILITIES
     Accounts Payable                               $     67,769    $    67,769 
     Interest Payable                                     70,092         70,092 
     Advances from and accounts payable to 
      related parties                                     59,681         59,680 
                                                     ------------   ------------
       Total current liabilities                         197,542        197,541 

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                              (1,408,761)    (1,407,893)
                                                     ------------   ------------
       Total stockholders' equity                       (196,682)      (195,814)
                                                     ------------   ------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY           $       860    $     1,727 
                                                     ============   ============
</TABLE>
    The accompanying notes are an integral part of these financial statements
<PAGE>
GOLDEN MAPLE MINING AND
LEACHING COMPANY, INC.                Statement of Operations For the Three and 
(Unaudited)                                Nine Months Ended September 30, 1996 
________________________________________________________________________________

<TABLE>
<CAPTION>
                                                           Three           Nine 
                                                          Months         Months 
                                                     ------------   ------------
<S>                                                  <C>           <C>          

REVENUE                                              $       -0-    $       -0- 
                                                     ------------   ------------

GENERAL AND ADMINISTRATIVE EXPENSES                           20            868 
                                                     ------------   ------------

NET (LOSS)                                           $       (20)   $      (868)
                                                     ============   ============

NET (LOSS) PER SHARE                                 $      (NIL)   $      (NIL)
                                                     ============   ============
</TABLE>

    The accompanying notes are an integral part of these financial statements
<PAGE>
GOLDEN MAPLE MINING AND MINING AND            Statement of Stockholders' Equity 
LEACHING COMPANY, INC.                               for the Three Month Period 
(Unaudited)                                            Ended September 30, 1996 
________________________________________________________________________________

<TABLE>
<CAPTION>
                                Common Stock     Additional 
                         ----------------------     Paid-In Accumulated 
                              Shares    Amount      Capital     Deficit    Totals 
                         ---------------------------------------------------------
<S>                       <C>        <C>        <C>        <C>         <C>        
Balances as of 
June 30, 1996              5,401,279  $ 54,013   $1,158,066 $(1,408,741)$(196,662)

Net (loss)                                                          (20)      (20)
                         ---------------------------------------------------------
Balances as of 
September 30, 1996         5,401,279  $ 54,013   $1,158,066 $(1,408,761)$(196,682)
                         =========================================================
</TABLE>

      The accompanying notes are an integral part of these financial statements
<PAGE>
GOLDEN MAPLE MINING AND
LEACHING COMPANY, INC.                Statement of Cash Flows For the Three and 
(Unaudited)                        Nine Months Periods Ended September 30, 1996 
________________________________________________________________________________

<TABLE>
<CAPTION>

                                                      Three           Nine 
                                                     Months         Months 
                                                ------------   ------------
<S>                                            <C>            <C>          

CASH FLOWS FROM OPERATING ACTIVITIES
     Net (Loss)                                 $       (20)   $      (867)
     (Decrease) in accounts payable                    (749)               
                                                ------------   ------------
       Net uses of cash flows from 
       Operating activities                            (769)          (867)
                                                ------------   ------------

NET DECREASE IN CASH                                   (769)          (867)

CASH AT BEGINNING OF PERIOD                           1,629          1,727 
                                                ------------   ------------
CASH AT END OF PERIOD                           $       860    $       860 
                                                ============   ============
</TABLE>

     The accompanying note is an integral part of these financial statements
<PAGE>
GOLDEN MAPLE MINING AND 
LEACHING COMPANY, INC. 
(Unaudited)                                       Notes to Financial Statements 
________________________________________________________________________________


NOTE 1 -  MANAGEMENT OPINION
          ------------------

     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 and Leaching Company, Inc., believes that
     the disclosures are adequate to make the information presented not
     misleading.  The condensed financial statements should be read in
     conjunction with the financial statements and notes thereto included in
     Golden Maple's annual report on Form 10-K for the fiscal year ended
     December 31, 1996.