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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 June 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<PAGE>
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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.

Liquidity and Capital Resources

     As of June 30, 1996, the Company had minimal assets of cash in the
amount of $1,629 and liabilities in the amount of $198,291, 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
$832 for the six months ended June 30, 1996.  Likewise the Company had no
revenues during the three months ended June 30, 1996, and had losses of
$848.  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.<PAGE>
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Results of Operations

     The Company has not had any operations during the period ended June
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                        *
<PAGE>
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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)

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

<TABLE>
                                     ASSETS
                                     -------
<CAPTION>
                                                        June 30,   December 31, 
                                                            1996           1995 
                                                     ------------   ------------
<S>                                                 <C>            <C>          
CURRENT ASSETS - Cash                                $     1,629    $     1,727 
                                                     ------------   ------------

TOTAL ASSETS                                         $     1,629    $     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                                      60,430         59,680 
                                                     ------------   ------------
      Total Current Liabilities                          198,291        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                                (1,408,741)    (1,407,893)
                                                     ------------   ------------
      Total Stockholders' Equity                        (196,662)      (195,814)
                                                     ------------   ------------
      TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY     $     1,629    $     1,727 
                                                     ============   ============
</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 and Six Month Periods 
(Unaudited)                                                 Ended June 30, 1996 
________________________________________________________________________________

<TABLE>
<CAPTION>
                                                           Three            Six 
                                                          Months         Months 
                                                     ------------   ------------
<S>                                                 <C>            <C>          
REVENUE                                              $       -0-    $       -0- 
                                                     ------------   ------------

GENERAL AND ADMINISTRATIVE EXPENSES                          832            848 
                                                     ------------   ------------
NET (LOSS)                                                  (832)          (848)
                                                     ------------   ------------
NET (LOSS) PER SHARE                                 $      (NIL)   $      (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 June 30, 1996
________________________________________________________________________________

<TABLE>

                            Common Stock      Additional 
                         -------------------     Paid-in Accumulated 
                             Shares   Amount     Capital      Deficit     Totals 
                         --------------------------------------------------------
<S>                     <C>                    <C>        <C>         <C>            <C>        
Balances as of
  March 31, 1996          5,401,279 $ 54,013  $1,158,066  $(1,407,909) $(195,830)

Net income                                                       (832)      (832)
                         --------------------------------------------------------
Balances as of
  June 30, 1996           5,401,279 $ 54,013  $1,158,066  $(1,408,741) $(196,662)
                         ========================================================

</Table

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


</TABLE>
<TABLE>
<CAPTION>
                                                           Three            Six 
                                                          Months         Months 
                                                     ------------   ------------
<S>                                                 <C>            <C>          
CASH FLOWS FROM OPERATING ACTIVITIES
     Net income                                      $      (832)   $      (848)
     Increase in accounts payable                            750            750 
                                                     ------------   ------------
       Net uses of cash from operating activities            (82)           (98)
                                                     ------------   ------------

NET DECREASE IN CASH                                         (82)           (98)

CASH AT BEGINNING OF PERIOD                                1,711          1,727 
                                                     ------------   ------------
CASH AT END OF PERIOD                                $     1,629    $     1,629 
                                                     ============   ============

</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 June 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 and Leaching
     Company, Inc. believes that the disclosures are adequate to make the
     information presented not misleading.  These 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 year ended December 31, 1996.