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, 1998

     [   ]     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 April 14, 1998, there were 
2,716,057 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, 1997.

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 March 31, 1998, the Company had no assets and liabilities in the 
amount of $18,578, as compared to no assets and liabilities of $53,614 for the 
year ended December 31, 1997.  The Company had no revenues during the quarter 
ended March 31, 1998, and had losses of $2,481 during such quarter.  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.  In March 1998 the Company issued 2,500,000 shares of its 
common stock in settlement of outstanding debts in the amount of $37,517.

     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 March 31, 
1998, 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

     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               Amendment to Articles of Incorporation 
                       dated October 20, 1997                    **

     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.

          **Incorporated by reference from the Company's quarterly report 
dated September 30, 1997 on Form 10-QSB 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: April 15, 1998                    By  /s/Donald L. Hess, President


Date: April 15, 1998                    By  /s/ Howard M. Oveson, 
Principal                                    Financial and Accounting Officer



GOLDEN MAPLE MINING AND					
LEACHING COMPANY, INC.

Statement of Financial Position as of				
(Unaudited)	March 31, 1998 and December 31, 1997				
					
ASSETS					
                                        		(Unaudited)
                                         		March 31,	          		December 31,
                                             1998                  		1997

CURRENT ASSETS                            	$	 -0-                		$	 -0- 
					
TOTAL ASSETS                              	$	 -0- 	               	$	 -0- 
					

LIABILITIES AND STOCKHOLDERS' EQUITY					

CURRENT LIABILITIES					
    Advances from and accounts payable to					
        related parties	                   $	 18,578             		$	 53,614 
					
STOCKHOLDERS' EQUITY					
    Common stock; $.001 par value;
    50,000,000 shares authorized; 
    2,716,057 shares issued and 
    outstanding as of March 31, 1998;
    and 216,057 shares issued	and
    outstanding as of December 31, 1997		      2,716 		                	 216 

    Additional paid-in capital		           1,246,880 	          		 1,211,863 
    Accumulated deficit                		 (1,268,174)	         		 (1,265,693)
					
        Total Stockholders' Equity	        	 (18,578)		            	 (53,614)
					
TOTAL LIABILITIES AND STOCKHOLDERS'
EQUITY                                    	$	 -0- 	               	$	 -0- 



<PAGE>

GOLDEN MAPLE MINING AND	      	    Statement of Operations For the Three			
LEACHING COMPANY, INC.		           Month Periods Ended March 31, 1998			
(Unaudited)		                      and March 31, 1997			
					
                                           		March 31,	       		 March 31, 
                                             		1998		             	1997

REVENUE                                   	$ 	-0-	               	$ 	-0-

OPERATING EXPENSES					
    Accounting		                             1,769 			
    Fees		                                     712
    Office					                                                      89
      Total operating expenses		             2,481               			 89 

(LOSS) FROM OPERATIONS	                    	(2,481)	              		(89)

OTHER INCOME					
    Interest		                                                    			 4 

NET (LOSS)                              	$	 (2,481)	            	$	 (85)
					
NET (LOSS) PER SHARE                     	$	 (0.01)	            	$	 (NIL) 




GOLDEN MAPLE MINING AND							      Statement of Changes in Stockholders'
LEACHING COMPANY, INC.	 				        Equity For the Three Month Periods						
(Unaudited)							                  Ended March 31, 1998 and March 31, 1997	

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

Balances as of
December 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)
													
Balances as of
December 31,
1997             216,057 		$	    216 		$	 1,211,863		$ (1,265,693) $  (53,614)
													
Common stock 
issued for													
advances from
related													
parties at 
$.015 per													
share          2,500,000   			 2,500 	    		 35,017 			            			 37,517 

Net (loss)						                                         	 (2,481)   	 (2,481)
													
Balances as of													
March 31, 
1998	          2,716,057 		$ 	 2,716 		$	 1,246,880 	$ (1,268,174) $  (18,578)


<PAGE>
GOLDEN MAPLE MINING AND	     	    Statement of Cash Flows For the Three			
LEACHING COMPANY, INC.		          Month Periods Ended March 31, 1998			
(Unaudited)                  	    and March 31, 1997			
					
    	                                       	March 31,	          		 March 31, 
                                              	1998                			1997

CASH FLOWS FROM OPERATING ACTIVITIES					
    Net (loss)                              	$	 (2,481)	           	$	 (85)
    Increase from and accounts payable					
         to related parties		                    2,481 			
                                                 		 -0- 	           		 (85)
					
NET DECREASE IN CASH		                              -0-            			 (85)
					
CASH AT BEGINNING OF PERIOD	                      	 -0-             			840 

CASH AT END OF PERIOD                       	$    	 -0-           		$	 755 
					
NON-CASH FINANCING ACTIVITIES					
    Issuance of 2,500,000 shares of
     common stock for	payment of
     advances from related parties	          $	 37,517 			




<PAGE>GOLDEN MAPLE MINING AND
LEACHING COMPANY, INC.                         Notes to Financial Statements
(Unaudited)                                        as of March 31, 
1998          


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, 1997.

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.