**UNITED
      STATES**


**SECURITIES
      AND EXCHANGE COMMISSION**




Washington,
      DC 20549




**FORM
      10-QSB**




|X|
      QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE
      ACT
      OF 1934




For
      the
      quarterly period ended **January
      31, 2007**




|_|
      TRANSITION REPORT PURSUANT TO 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF
      1934




For
      the
      transition period _____________ to _____________




Commission
      File Number ** 333-126680




**RAVEN
      GOLD CORP.**


(Exact
      name of small Business Issuer as specified in its charter)




**Nevada**
              **20-2551275**(State
                  or other jurisdiction of incorporation
                  or organization)
              (IRS
                  Employer Identification No.)





**Suite
      205 - 598 Main Street**


**Penticton,
      British Columbia, Canada V2A-5C7**


(Address
      of principal executive offices)




Issuer's
      telephone number, including area code: (604)
      688-7526







**2470
      Saint Rose Parkway, Suite 304**


**Henderson,
      Nevada 89074**


(Former
      name, former address and former fiscal year, if changed since last
      report)




Check
      whether the issuer (1) filed all reports required to be filed by Section 13
      or
      15(d) of the Securities Exchange Act of 1934 during the preceding 12 months
      (or
      for such shorter period that the issuer was required to file such reports),
      and
      (2) has been subject to such filing requirements for the past 90 days |X| Yes
      |_| No




Indicate
      by check mark whether the registrant is a shell company (as defined in Rule
      12b-2 of the Exchange Act). |_| Yes |X| No




State
      the
      number of shares outstanding of each of the issuer's classes of common stock,
      as
      of the latest practicable date: 75,240,000 shares of Common Stock, $0.001 par
      value per share, issued and outstanding as of March 14, 2007.













**TABLE
      OF CONTENTS**







PART
                I. FINANCIAL INFORMATION**Page**ITEM 1.
            Financial
                Statements (unaudited)Balance
                Sheets at January 31, 2007 and April 30, 2006
            4Statements
                of Operations for the three and nine months ended January 31, 2007
                and
                2006
            5Statement
                of Cash Flows for the nine months ended January 31, 2007 and
                2006
            6Notes
                to Financial Statements
            7ITEM 2
            Management’s
                Discussion and Analysis or Plan of Operation
            12ITEM 3
            Controls
                and Procedures
            16PART
                II. OTHER INFORMATIONITEM 1
            Legal
                Proceedings
            16ITEM 2.
            Unregistered
                Sales of Equity Securities and Use of Proceeds
            16ITEM 3.
            Defaults
                Upon Senior Securities
            16ITEM 4.
            Submission
                of Matters to a Vote of Security Holders.
            16ITEM 5.
            Other
                Information
            16ITEM 6
            Exhibits
            16Signatures
            18















2













**PART
      1 - FINANCIAL INFORMATION**




**Item
      1. Financial Statements**




The
      accompanying unaudited financial statements have been prepared in accordance
      with the instructions to Form 10-QSB and Item 310 (b) of Regulation S-B, and,
      therefore, do not include all information and footnotes necessary for a complete
      presentation of financial position, results of operations, cash flows, and
      stockholders' equity in conformity with generally accepted accounting
      principles. In the opinion of management, all adjustments considered necessary
      for a fair presentation of the results of operations and financial position
      have
      been included and all such adjustments are of a normal recurring nature.
      Operating results for the three and nine months ended January 31, 2007 are
      not
      necessarily indicative of the results that can be expected for the year ending
      April 30, 2007.





3












**RAVEN
      GOLD CORP.**





(formerly
      Riverbank Resources Inc.)




(An
      Exploration Stage Company)




INTERIM
      FINANCIAL STATEMENTS




January
      31, 2007 and April 30, 2006




(Stated
      in US Dollars)




( Unaudited )



















**RAVEN
      GOLD CORP.**


(formerly
      Riverbank Resources Inc.)


(An
      Exploration Stage Company)


INTERIM
      BALANCE SHEETS


January
      31, 2007 and April 30, 2006


(Stated
      in US Dollars)


( Unaudited )








January
                31,
            
            April
                30,**ASSETS**
            
            2007
            
            2006CurrentCash
                and Equivalents
            
            $
            71,859
            
            $
            -Prepaid
                Expenses
            
            
            -
            
            
            1,37071,859
            
            
            1,370$
            71,859
            
            $
            1,370**LIABILITIES**CurrentBank
                overdraft
            
            $
            -
            
            $
            2,957Accounts
                payable
            
            
            15,124
            
            
            -Advances
                from Related Party
            
            
            3,100
            
            
            -Loans
                payable
            
            
            575,000
            
            
            -Total
                Current Liabilities
            
            
            593,224
            
            
            2,957**STOCKHOLDERS’
                DEFICIENCY**Capital
                stockPreferred
                stock, $0.001 par value, 1,000,000 shares authorized, none issued
                and
                outstandingCommon
                stock, $0.001 par value, 69,000,000 authorized, 37,620,000 shares
                issued
                and outstanding, 7,424,000 as of April 30, 2006
            
            
            37,620
            
            
            7,424Additional
                paid-in capital
            
            
            119,000
            
            
            49,196Subscription
                receivable
            
            
            (100,000
            )
            
            -Accumulated
                deficit accumulated during the pre-exploration stage
            
            
            (577,985
            )
            
            (58,207
            )(521,365
            )
            
            (1,587
            )$
            71,859
            
            $
            1,370







SEE
        ACCOMPANYING NOTES







4




**RAVEN
      GOLD CORP.**


(formerly
      Riverbank Resources Inc.)


(An
      Exploration Stage Company)


INTERIM
      STATEMENTS OF OPERATIONS


for
      the
      nine months ended January 31, 2007 and 2006 and


for
      the
      period February 9, 2005 (Date of Inception) to January 31, 2007


(Stated
      in US Dollars)


( Unaudited )





February
                9, 2005Three
                months ended
              January
                31,
            
            
            Nine
                months ended
              January
                31,
            
            
            (Date
                    ofIncorporation) to January
                  31,2007
            
            
            2006
            
            
            2007
            
            
            2006
            
            
            2007ExpensesExploration
                costs and expenses
            
            $
            -
            
            $
            25,000
            
            $
            -
            
            $
            25,000
            
            $
            29,750Professional
                fees
            
            
            18,071
            
            
            3,316
            
            
            26,110
            
            
            10,768
            
            
            47,717General
                and administrative
            
            
            23,697
            
            
            306
            
            
            24,065
            
            
            6,446
            
            
            24,363Listing
                and filing
            
            
            3,559
            
            
            225
            
            
            23,144
            
            
            2,937
            
            
            26,592Investor
                relations
            
            
            14,668
            
            
            -
            
            
            19,668
            
            
            -
            
            
            19,947Total
                expenses
            
            
            59,995
            
            
            28,847
            
            
            92,987
            
            
            45,151
            
            
            148,369Loss
                from operations
            
            
            (59,995
            )
            
            (28,847
            )
            
            (92,987
            )
            
            (45,151
            )
            
            (148,369
            )Other
                Income and ExpensesImpairment
                (loss) of Mineral Rights
            
            
            -
            
            
            (3,000
            )
            
            (425,000
            )
            
            -
            
            
            (428,000
            )Foreign
                Currency transaction (loss)
            
            
            (498
            )
            
            -
            
            
            (1,791
            )
            
            -
            
            
            (1,616
            )Net
                loss for the period
            
            $
            (60,493
            )
            $
            (31,847
            )
            $
            (519,778
            )
            $
            (45,151
            )
            $
            (577,985
            )Basic
                and diluted loss per share
            
            $
            (0.00
            )
            $
            (0.00
            )
            $
            (0.01
            )
            $
            (0.00
            )
            $
            (0.00
            )Weighted
                average number of shares outstanding
            
            
            37,258,888
            
            
            7,424,000
            
            
            37,258,888
            
            
            7,424,000
            
            
            35,735,648







SEE
        ACCOMPANYING NOTES







5





**RAVEN
      GOLD CORP.**


(formerly
      Riverbank Resources Inc.)


(An
      Exploration Stage Company)


INTERIM
      STATEMENTS OF CASH FLOWS


for
      the
      nine months ended January 31, 2007 and 2005 and


for
      the
      period February 9, 2005 (Date of Inception) to January 31, 2007


(Stated
      in US Dollars)


( Unaudited )








February
                9, 2005(Date
                ofNine
                months ended
            
            Inception)
                toJanuary
                31,
            
            January
                31,2007
            
            2006
            
            2007Operating
                ActivitiesNet
                loss for the period
            
            $
            (519,778
            )
            $
            (45,151
            )
            $
            (577,986
            )Change
                in non-cash working capital balance:Prepaid
                expenses
            
            
            1,370
            
            
            (1,370
            )
            
            -Accounts
                payable and accrued expenses
            
            
            15,081
            
            
            144
            
            
            18,082Cash
                used in operating activities
            
            
            (503,327
            )
            
            (46,377
            )
            
            (559,904
            )Investing
                ActivitiesPurchase
                of mineral rights
            
            
            -
            
            
            -
            
            
            (3,000
            )Financing
                ActivitiesIssuance
                of common stocknet
                of subscriptions receivable
            
            
            -
            
            
            -
            
            
            56,620Issuance
                of promissory notes payable
            
            
            575,000
            
            
            -
            
            
            575,000Due
                to related party
            
            
            3,100
            
            
            -
            
            
            3,100Cash
                from financing activities
            
            
            578,100
            
            
            -
            
            
            634,720Net
                Increase (decrease) in cash during the period
            
            
            74,773
            
            
            (46,377
            )
            
            71,816Cash,
                beginning of the period
            
            
            (2,957
            )
            
            48,744
            
            
            -Cash,
                end of the period
            
            $
            71,816
            
            $
            2.67
            
            $
            71,816





SEE
        ACCOMPANYING NOTES
   6




**RAVEN
      GOLD CORP.**


(formerly
      Riverbank Resources Inc.)


(An
      Exploration Stage Company)


NOTES
      TO
      THE INTERIM FINANCIAL STATEMENTS


January
      31, 2007


(Stated
      in US Dollars)


( Unaudited )










Note
      1  SUMMARY
      OF SIGNIFICANT ACCOUNTING POLICIES AND ORGANIZATION





(A)
            Basis
                of Presentation





The
      accompanying unaudited financial statements have been prepared in accordance
      with accounting principles generally accepted in the United States of America
      and the rules and regulations of the Securities and Exchange Commission for
      interim financial information. Accordingly, they do not include all the
      information necessary for a comprehensive presentation of financial position
      and
      results of operations.





It
      is
      management’s opinion however, that all material adjustments (consisting of
      normal recurring adjustments) have been made which are necessary for a fair
      financial statement presentation. The results for the interim period are not
      necessarily indicative of the results to be expected for the year.





(B)
            Organization





Riverbank
      Resources Inc. (an exploration stage company) (“the Company”) was incorporated
      under the laws of the State of Nevada on February 9, 2005. The Company is a
      natural resource exploration company with an objective of acquiring, exploring
      and if warranted and feasible, developing natural resource properties.
      Activities during the development stage include developing the business plan
      and
      raising capital.





On
      August
      14, 2006 the Company filed a certificate of amendment to the Nevada Secretary
      of
      State to change its name to Raven Gold Corp.





(C)  Use
      of
      estimates





In
      preparing financial statements in conformity with generally accepted accounting
      principles, management is required to make estimates and assumptions that affect
      the reported amounts of assets and liabilities and the disclosure of contingent
      assets and liabilities at the date of the financial statements and revenues
      and
      expenses during the reported period. Actual results could differ from those
      estimates.





(D)
            Cash
                and Cash Equivalents





For
      purposes of the cash flow statements, the Company considers all highly liquid
      investments with original maturities of three months or less at the time of
      purchaser to be cash equivalent.








7







**RAVEN
      GOLD CORP.**


(formerly
      Riverbank Resources Inc.)


(An
      Exploration Stage Company)


NOTES
      TO
      THE INTERIM FINANCIAL STATEMENTS


January
      31, 2007


(Stated
      in US Dollars)


( Unaudited )








Note
      1  SUMMARY
      OF SIGNIFICANT ACCOUNTING POLICIES AND ORGANIZATION - (Continued)





(E)
            Mineral
                Interest





Pursuant
      to SFAS No. 141 and SFAS No. 142, as amended by EITF 04-02, mineral interest
      associated with other than owned are classified as tangible assets. The Company
      had capitalized $3,000 related to the mineral rights acquired in 2005 and which
      were impaired as of January 31, 2007.





(F)
            Long-lived
                Assets





The
      Company accounts for long-lived assets under the statements of Financial
      Accounting Standards Nos. 142 and 144 “Accounting for Goodwill and Other
      Intangible Assets” and “Accounting for Impairment or Disposal of Long-lived
      Assets” (“SFAS No. 142 and 144”). In accordance with SFAS No. 142 and 144,
      long-lived assets held and used by the Company are reviewed for impairment
      whenever events or changes in circumstances indicate that the carrying amount
      of
      an asset may not be recoverable. For purposes of evaluating the recoverability
      of long-lived assets, goodwill and intangible assets, the recoverability test
      is
      performed using undiscounted net cash flows related to the long-lived
      assets.





(G)
            Income
                Taxes





The
      Company accounts for income taxes under the Statement of Financial Accounting
      Standards No. 109, “Accounting for Income Taxes” (“Statement 109”). Under
      Statement 109, deferred tax assets and liabilities are recognized for future
      tax
      consequences attributable to differences between the financial statement
      carrying amounts of existing assets and liabilities and their respective tax
      bases. Deferred tax assets and liabilities are measured using enacted tax rates
      expected to apply to taxable income in the years in which those temporary
      differences are expected to be recovered or settled. Under Statement 109, the
      effect on deferred tax assets and liabilities of a change in tax rates is
      recognized in income in the period that includes the enactment
      date.





(H)
            Loss
                Per Share





Basic
      and
      diluted net loss per common share is computed based upon the weighted average
      common shares outstanding as defined by Financial Accounting Standards No.
      128,
“Earnings Per Share.” As of January 31, 2007, there were no dilutive securities
      outstanding.











8








**RAVEN
      GOLD CORP.**


(formerly
      Riverbank Resources Inc.)


(An
      Exploration Stage Company)


NOTES
      TO
      THE INTERIM FINANCIAL STATEMENTS


January
      31, 2007


(Stated
      in US Dollars)


( Unaudited )







Note
      1  SUMMARY
      OF SIGNIFICANT ACCOUNTING POLICIES AND ORGANIZATION - (Continued)





(I)
            Business
                Segments





The
      Company operates in one segment and therefore segment information is not
      presented.





(J)
            Recent
                Accounting Pronouncements





SFAS
      155,
      Accounting for certain Hybrid Financial Instruments and SFAS 156, Accounting
      for
      servicing of Financial Assets were recently issued. SFAS 155 and 156 have no
      current applicability to the Company and have no effect on the financial
      statements.





In
      May
      2005, the FASB issued SFAS 154, Accounting Changes and Error Corrections. This
      Statement replaces APB Opinion No. 20, Accounting Changes, and FASB statement
      No
      3, Reporting Accounting Changes in Interim Financial Statements, and changes
      the
      requirements for the accounting for and reporting of a change in accounting
      principle. This (Expressed in U.S. Dollars) Statement applies to all voluntary
      changes in accounting principle. It also applies to changes required by an
      accounting pronouncement in the usual instance that the pronouncement does
      not
      include specific transition provisions. SFAS 154 also requires that a change
      in
      depreciation, amortization or depletion method for long-lived, non-financial
      assets be accounted for as a change in accounting estimate effected by a change
      in accounting principle. This Statement is effective in fiscal years beginning
      after December 15, 2005. The Company has not yet determined the effect of
      implementing this standard.





NOTE
      2  ACQUISITION
      OF MINERAL RIGHTS




On
        April
        26, 2005, the Company acquired the mining rights to two claims collectively
        known as the Big Mike Border Gold property located in the Skeena Mining District
        of British Columbia, Canada, for a purchase price of $3,000. The Company
        received rights to all minerals contained in the Big Mike Border Gold
        property.
 
 On
        August
        23, 2006 the Company entered into an agreement with Tara Gold Resources Corp.,
        for the La Currita Property, which was effective as of May 30, 2006. According
        to the agreement the Company was to make payments of $50,000 on the
        25 th day of
        each month commencing June 2006 and ending April 2007. A final payment of
        $25,000 is to be made May 25, 2007. Furthermore, according to the agreement
        on
        October 26, 2006, the Company issued and delivered to Tara Gold Resources
        Corp.
        250,000 restricted shares of common stock. The Company has not made payments
        according to the scheduled required payments and has only paid a total of
        $150,000 against the scheduled required payments. An amount owing of $425,000
        for the agreement is owing.
 
 On
        August
        23, 2006 the Company also entered into an agreement with Tara Gold Resources
        Corp., for the Las Minitas Property, which was effective as of June 1, 2006.
        According to the agreement the Company was to make payments of $75,000 on
        the
        date of the agreement, $225,000 by August 1, 2006, and a final payment of
        $300,000 was to be made November 1, 2006. Furthermore, according to the
        agreement on October 26, 2006, the Company issued and delivered to Tara Gold
        Resources Corp. 250,000 restricted shares of common stock. The Company has
        not
        made payments according to the scheduled required payments and has only paid
        a
        total of $250,000 against the scheduled required payments. An amount owing
        of
        $450,000 for the agreement is owing. Upon payment of the balance, the Company
        will retain a 20% interest in this property.





9











**RAVEN
      GOLD CORP.**


(formerly
      Riverbank Resources Inc.)


(An
      Exploration Stage Company)


NOTES
      TO
      THE INTERIM FINANCIAL STATEMENTS


January
      31, 2007


(Stated
      in US Dollars)


( Unaudited )





NOTE
      3  LOANS





In
      May of
      2006, the Company received $3,000 in advances from its former president.
      The balance is non-interest bearing and due on demand





On
      May
      25, 2006 the Company borrowed funds in the amount of $75,000 from Paradisus
      Investment Corp. The Company wired $75,000 on the same date to Tara Gold
      Resources Corp. as part of a purchase agreement between Raven Gold Corp. and
      Tara Gold Resources Corp. for “Las Minitas” property.





On
      May
      26, 2006 the Company borrowed funds in the amount of $75,000 from Paradisus
      Investment Corp. The Company wired $75,000 on the same date to Tara Gold
      Resources Corp. as part of a purchase agreement between Raven Gold Corp and
      Tara
      Gold Resources Corp for “La Currita” property.





On
      June
      25, 2006 the Company borrowed $50,000 from RPMJ Corporate Communications Ltd.
      The Company wired $50,000 on the same date to Tara Gold Resources Corp. as
      part
      of the purchase agreement between Raven Gold Corp and Tara Gold Resources Corp
      for “La Currita” property.





On
      June
      27, 2006 the Company borrowed $175,000 from Zander Investment Limited. The
      Company wired $175,000 on the same date to Tara Gold Resources Corp. as part
      of
      the purchase agreement between Raven Gold Corp. and Tara Gold Resources Corp.
      for “Las Minitas” property.





On
      July
      27, 2006 the Company borrowed $50,000 from Zander Investment Limited. The
      Company wired $50,000 on the same date to Tara Gold Resources Corp. as part
      of
      the purchase agreement between Raven Gold Corp. and Tara Gold Resources Corp
      for
“La Currita” property.





On
      October 3, 2006 the Company borrowed $200,000 from 1230144 Alberta Ltd., a
      private corporation. The loan is non-interest bearing and due on demand.





On
      January 25, 2007 the Company wired $50,000 to Tara Gold Corp. as part of the
      purchase agreement between Raven Gold Corp. and Tara Gold Resources Corp for
“La
      Currita” property. A total amount of $425,000 is owing to Tara Gold Resources
      Corp. at January 31, 2007.





NOTE
      4  STOCKHOLDERS’
      EQUITY





During
      2005, the Company issued 6,420,000 shares of common stock to its founders for
      cash of $6,420 ($0.001 per share)





During
      2005, the Company issued 1,004,000 shares of common stock for cash of $50,200
      ($0.05 per share).





In
      August
      2006 the Company performed a 5:1 forward split of its common stock for a total
      of 37,120,000 shares issued and outstanding.





On
      October 6, 2006 the Company entered into an agreement to acquire certain mineral
      properties from Tara Gold Resources Corp. Terms of the agreement required the
      Company to issue 500,000 restricted shares of common stock of the Company.
      On
      October 6 the Company issued the required restricted common stock of the Company
      for a stock subscription price of $100,000 ($0.20 per share).






10





**RAVEN
      GOLD CORP.**


(formerly
      Riverbank Resources Inc.)


(An
      Exploration Stage Company)


NOTES
      TO
      THE INTERIM FINANCIAL STATEMENTS


January
      31, 2007


(Stated
      in US Dollars)


( Unaudited )





NOTE
                5
            GOING
                CONCERN





As
      reflected in the accompanying financial statements, the Company is in the
      exploration stage with no operations and has a negative cash flow from
      operations of $612,904 from inception and an accumulated deficit during the
      exploration stages of $627,986 from inception. This raises serious substantial
      doubt about its ability to continue as a going concern. The ability of the
      Company to continue as a going concern is dependent on the Company’s ability to
      raise additional capital and implement its business plan. These financial
      statements do not include any adjustments that might be necessary if the Company
      is unable to continue as a going concern.





Management
      believes that actions presently being taken to obtain additional funding and
      implement its strategic plans provide the opportunity for the Company to
      continue as a going concern.




NOTE
                  6
              SUBSEQUENT
                  EVENTS
 
 In
        March
        2007 the Company pursuant to the approval of its shareholders holding the
        majority of its issued and outstanding shares as of February 20, 2006, increased
        its authorized common stock from 69,000,000 shares to 500,000,000
        shares.
 
 In
        addition, in March 2007 the Company performed a 2:1 forward split of its
        common
        stock such that there were 75,240,000 shares issued and outstanding after
        the
        forward split.





11


**Item
        2. Management's Discussions and Analysis or Plan of
        Operation**
  **Forward-Looking
        Statements**
 
 Some
        of
        the statements contained in this Quarterly Report on Form 10-QSB (the “Quarterly
        Report”) that are not historical facts are “forward-looking statements” which
        can be identified by the use of terminology such as “estimates,” “projects,”
“plans,” “believes,” “expects,” “anticipates,” “intends,” or the negative or
        other variations, or by discussions of strategy that involve risks and
        uncertainties. We urge you to be cautious of the forward-looking statements,
        that such statements, which are contained in this Quarterly Report, reflect
        our
        current beliefs with respect to future events and involve known and unknown
        risks, uncertainties and other factors affecting our operations, market growth,
        services, products and licenses. No assurances can be given regarding the
        achievement of future results, as actual results may differ materially as
        a
        result of the risks we face, and actual events may differ from the assumptions
        underlying the statements that have been made regarding anticipated events.
        Some
        of the factors that may cause actual results, our performance or achievements,
        or industry results, to differ materially from those contemplated by such
        forward-looking statements include without limitation the
        following:
 
 **•**
              
              our
                  ability to attract and retain management;**•**
              
              our
                  growth strategies;**•**
              
              anticipated
                  trends in our business;**•**
              
              environmental
                  risks;**•**
              
              exploration
                  and development risks;**•**
              
              competition;**•**
              
              the
                  ability of our management team to execute its plans to meet its
                  goals;**•**
              
              general
                  economic conditions, whether internationally, nationally or in
                  the
                  regional and local market areas in which we are doing business,
                  that may
                  be less favorable than expected; and**•**
              
              other
                  economic, competitive, governmental, legislative, regulatory, geopolitical
                  and technological factors that may negatively impact our businesses,
                  operations and pricing.
 
 All
        written and oral forward-looking statements made in connection with this
        Quarterly Report that are attributable to us or persons acting on our behalf
        are
        expressly qualified in their entirety by these cautionary statements. Given
        the
        uncertainties that surround such statements, you are cautioned not to place
        undue reliance on such forward-looking statements.
  **Overview**
  Raven
        Gold Corp. ("the Company", "we", "us") was incorporated in the state of Nevada
        on February 9, 2005. On April 26, 2005, we entered into a Purchase and Sale
        Agreement with Gudmund Lovang, an individual residing in North Vancouver
        British
        Columbia, whereby he sold to us a 100% undivided right title and interest
        in one
        mineral claim located in the Skeena Mining Division of British Columbia,
        Canada
        known as the Big Mike mineral property. We acquired this interest in the
        Big
        Mike property by paying $3,000 to Mr. Lovang. During the year ended April
        30,
        2006 the Company decided to discontinue exploration work on the Big Mike
        mineral
        project property and consequently the mineral rights were impaired
        100%.
  In
          August
          of 2006 and effective as of June 1, 2006 we entered an agreement with Tara
          Gold
          Resources Corp for the "Las Minitas" property. The Las Minitas Property
          is
          located in Sonora, Mexico, approximately 40 air kilometers northwest of
          the town
          of Alamos. The property lies at the western edge of the province known
          as the
          Sierra Madre Occidental gold-silver belt where a number of successful
          gold/silver exploration projects are ongoing. Historical information regarding
          Las Minitas indicates three mineralized zones of interest that contain
          an
          estimated of 13,534,398 million tonnes of ore grading 7.58 oz/t silver
          and
          0.0089 oz/t gold. Metallurgical testing indicates that recoveries of 90%
          for
          both silver and gold may be achievable by cyanidation alone. We plan to
          focus
          our initial efforts on the validation of the previous exploration work
          that
          outlined three wide, high-grade, lode-type mineralized bodies: the North,
          Central, and El Negro zones, with postulated strike lengths of 400, 500,
          and 700
          meters respectively. These three zones are considered to be outstanding
          precious
          metal exploration targets and Tara Gold is currently developing a plan
          to
          confirm previous findings and conduct a focused sampling and drilling
          program.
  In
        addition, in
        August
        of 2006 andeffective as of May 30, 2006 we entered an agreement
        with Tara Gold Resources Corp for the "La Currita" property. In this agreement
        Raven Gold Corp. has the option to earn up to 60% interest in the La Currita
        Groupings by making certain payments to Tara Gold, issuing 750,000 shares,
        making all remaining property payments and by spending a minimum of $3.5
        million
        over the next 36 months. In addition to the capital investment on exploration
        and mill expansion, we are required to expand the La Currita Mill to a minimum
        of 4,000 tons per month before earning 40% and a minimum of 8,000 tons per
        month
        before earning 60% interest. The property includes 4 mines, a 150 ton/day
        operating floatation mill and stockpiled ore. The La Currita mine was in
        steady
        production from 1983 until 1998. A diamond drilling exploration program
        conducted in 1998 indicated 109,000 tons of 2.59 g/t Au and 200 g/t Ag. La
        Currita Groupings are located in the Sierra Madre Gold-Silver belt.
 
 12
 On
        February 23, 2007, we filed a Certificate of Amendment to our Articles of
        Incorporation, as amended, (the “Amendment”) with the Secretary of State of the
        State of Nevada that was effective as of March 5, 2007, to increase our
        authorized common stock from 69,000,000 shares to 500,000,000 shares (the
        “Increase”). In addition, we filed the Amendment to effect a forward split (the
“Forward Split”) of all of our shares of common stock issued and outstanding as
        of the close of business on March 5, 2007 (the “Split Date”), whereby we issued
        for every 1 share of our common stock issued and outstanding as of the close
        of
        business on the Split Date, 1 additional share of our common stock.
 
 Effective
        as of March 6, 2007, in connection with the Forward Split, our Common Stock
        commenced trading under the new ticker symbol “RVNG.OB”.
 
 Our
        financial results depend upon many factors, particularly the price of gold
        and
        silver and our ability to market our production. Commodity prices are affected
        by changes in market demands, which are impacted by overall economic activity,
        basis differentials and other factors. As a result, we cannot accurately
        predict
        future gold and silver prices, and therefore, we cannot determine what effect
        increases or decreases will have on our capital program, production volumes
        and
        future revenues. In addition to production volumes and commodity prices,
        finding
        and developing sufficient amounts of gold and silver reserves at economical
        costs are critical to our long-term success.
 
 **Plan
        of Operation**
  Our
        plan
        of operation for the next twelve months is to complete our efforts on the
        validation of the previous exploration work with respect to the “Las Minitas”
and “La Currita” properties.
  We
        have
        not earned any revenues from the date of our incorporation on February 9,
        2005
        to January 31, 2007. We do not anticipate earning revenues unless we achieve
        net
        operating revenues from our “Las Minitas” and “La Currita” properties, which is
        questionable pending the exploration and mill expansion results.  We have
        not commenced the exploration stage of our business and can provide no assurance
        that we will discover gold or mineral findings on the properties, or if such
        findings are discovered, or that we will enter into commercial
        production.
  **Results
        of Operations**
 
 ***Three
        Months Ended January 31, 2007 Compared to Three Months Ended January 31,
        2006***
 
 We
        did
        not have any revenues for the three months ended January 31, 2007.
 
 We
        did
        not incur any exploration expenses during the three months ended January
        31,
        2007 and 2006, as we have not commenced the exploration stage of our business.
        As we did not earn any revenues for three months ended January 31, 2007,
        our
        cost of revenues for three months ended January 31, 2007 was 0.
 
 Total
        expenses for the three months ended January 31, 2007 were $59,995 as compared
        to
        $28,847 for the three months ended January 31, 2006, representing an increase
        in
        total expenses of $31,148 or 108%. The increase was primarily due to a
        substantial increase in filing costs incurred by the Company associated with
        an
        increased amount of transactions undertaken by the Company.
 
 Our
        net
        loss for the three months ended January 31, 2007 was $60,493 compared to
        a net
        loss of $31,847 for three months ended January 31, 2006, an increase of $28,646,
        or 90%. The net loss increase was primarily due to the listing and filing
        expenses incurred by us in satisfying requirements of being a reporting
        company.
 
 ***Nine
        Months Ended January 31, 2007 Compared to Nine Months Ended January 31,
        2006***
 
 We
        did
        not have any revenues for the nine months ended January 31, 2007.
 
 We
        did
        not incur any exploration expenses during the nine months ended January 31,
        2007
        and 2006, as we have not commenced the exploration stage of our business.
        As we
        did not earn any revenues for nine months ended January 31, 2007, our cost
        of
        revenues for nine months ended January 31, 2007 was 0.
 
 Total
        expenses for the nine months ended January 31, 2007 were $92,987 as compared
        to
        $45,151 for the nine months ended January 31, 2006, representing an increase
        in
        total expenses of $47,836 or 106%. The increase was primarily due to higher
        listing, filing and investor relations costs.
 
 Our
        net
        loss for the nine months ended January 31, 2007 was $519,778 compared to
        a net
        loss of $45,151 for nine months ended January 31, 2006, an increase of $474,627,
        or 1000.5%. The substantial net loss increase was primarily due to loss of
        mineral rights incurred in connection with the application of SFAS 154
        (‘Accounting Changes and Error Corrections’).
 
 13
 **Liquidity
        and Capital Resources**
 
 Our
        total
        current assets as of January 31, 2007 were $71,859, including $71,859 in
        cash as
        compared with $1,370 in total current assets as of April 30, 2006, which
        included cash of $0. Additionally, we had a shareholders deficiency in the
        amount of $521,365 as of January 31, 2007 as compared to shareholders’
deficiency of $1,587 as of April 30, 2006. The shareholders’ deficit is a result
        of the Company incurring a loss of mineral rights during the aforementioned
        period. We have historically incurred losses and have financed our operations
        through loans and from the proceeds of the corporation selling shares of
        our
        common stock privately.
 
 The
        number of common shares outstanding increased from 37,620,000 to 75,240,000
        effective as of March 6, 2007. This increase was a direct result of a 2-for-1
        forward stock split of our common stock which we effected in March of
        2007.
 
 We
        had
        $503,327 of negative cashflow (cash outflow) from operating activities for
        the
        nine months ended on January 31, 2007, compared to a negative cashflow of
        $46,377 for the nine months ended January 31, 2006, an increase in cash outflow
        of approximately 980.5% or $456,950. The substantial increase in cash outflow
        was primarily attributable to loss incurred by the Company in connection
        with
        the loss of mineral rights during the aforementioned period.
 
 We
        had
        $578,100 of cash inflow from financing activities during the nine months
        ended
        January 31, 2007, as compared to no cashflow from financing activities for
        the
        nine months ended January 31, 2006, attributable to issuance of promissory
        notes
        payable.
 
 We
        had no
        cashflow from investing activities for the nine months ended on January 31,
        2007, and we did not have any cashflow from investing activities during the
        nine
        months ended on January 31, 2006.
  The
        on-going negative cash flow from operations raises substantial doubt about
        our
        ability to continue as a going concern. Our ability to continue as a going
        concern is dependent on our ability to raise additional capital and implement
        its business plan.
  We
        have
        not realized any revenues since inception, and for the nine month period
        ended
        January 31, 2007, and we are presently operating at an ongoing
        deficit.
  We
        have
        not attained profitable operations and will require additional funding in
        order
        to cover the anticipated professional fees and general administrative expenses
        and to proceed with the anticipated investigation to identify and purchase
        new
        mineral properties worthy of exploration or any other business opportunities
        that may become available to us. We anticipate that additional funding will
        be
        required in the form of equity financing from the sale of our common stock.
        However, we cannot provide investors with any assurance that we will be able
        to
        raise sufficient funding from the sale of our common stock to fund the purchase
        and the development of any future projects. We believe that debt financing
        will
        not be an alternative for funding future corporate programs. We do not have
        any
        arrangements in place for any future equity financings.
  **Off
        Balance Sheet Arrangements**
  We
        do not
        have any off balance sheet arrangements that are reasonably likely to have
        a
        current or future effect on our financial condition, revenues, results of
        operations, liquidity or capital expenditures.
  **CRITICAL
        ACCOUNTING POLICIES**
  We
        have
        identified the policies outlined below as critical to our business operations.
        The list is not intended to be a comprehensive list of all of our accounting
        policies. In many cases, the accounting treatment of a particular transaction
        is
        specifically dictated by accounting principles generally accepted in the
        United
        States, with no need for management's judgment in their application. The
        impact
        and any associated risks related to these policies on our business operations
        are discussed throughout Management's Plan of Operations where such policies
        affect our reported and expected financial results. Note that our preparation
        of
        the financial statements requires us to make estimates and assumptions that
        affect the reported amount of assets and liabilities, disclosure of contingent
        assets and liabilities at the date of our financial statements, and the reported
        amounts of revenue and expenses during the reporting period. There can be
        no
        assurance that actual results will not differ from those estimates.
  **Mineral
        Interest**
  Pursuant
        to SFAS No. 141 and SFAS No. 142, as amended by EITF 04-02, mineral interest
        associated with other than owned properties are classified as tangible assets.
        The mineral rights will be amortized using the units-of-production method
        when
        production at each project commences.
  **Long-lived
        Assets**
  We
        account for long-lived assets under the statements of Financial Accounting
        Standards Nos. 142 and 144 “Accounting for Goodwill and Other Intangible Assets”
and “Accounting for Impairment or Disposal of Long-lived Assets” (“SFAS No. 142
        and 144”). In accordance with SFAS No. 142 and 144, long-lived assets held and
        used by us are reviewed for impairment whenever events or changes in
        circumstances indicate that the carrying amount of an asset may not be
        recoverable. For purposes of evaluating the recoverability of long-lived
        assets,
        goodwill and intangible assets, the recoverability test is performed using
        undiscounted net cash flows related to the long-lived assets.
 
 14
 **Income
        Taxes**
 
 We
        account for income taxes under the Statement of Financial Accounting Standards
        No. 109, “Accounting for Income Taxes” (“Statement 109”). Under Statement 109,
        deferred tax assets and liabilities are recognized for future tax consequences
        attributable to differences between the financial statement carrying amounts
        of
        existing assets and liabilities and their respective tax bases. Deferred
        tax
        assets and liabilities are measured using enacted tax rates expected to apply
        to
        taxable income in the years in which those temporary differences are expected
        to
        be recovered or settled. Under Statement 109, the effect on deferred tax
        assets
        and liabilities of a change in tax rates is recognized in income in the period
        that includes the enactment date.
  **Going
        Concern**
  As
        reflected in the accompanying financial statements, we are in the exploration
        stage and have not commenced the exploration stage of our business and have
        a
        negative cash flow from operations of $559,904 from inception. This raises
        substantial doubt about our ability to continue as a going concern. Our ability
        to continue as a going concern is dependent on our ability to raise additional
        capital and implement our business plan. The financial statements do not
        include
        any adjustments that might be necessary if we are unable to continue as a
        going
        concern.
  Management
        believes that actions presently being taken to obtain additional funding
        and
        implement its strategic plans provide the opportunity for us to continue
        as a
        going concern.
  We
        currently do not have enough cash to satisfy our minimum cash requirements
        for
        the next twelve months. In addition, we will require additional funds to
        expand
        operations.
  **Recent
        Accounting Pronouncements**
  Statement
        of Financial Accounting Standards ("SFAS") No. 151, "Inventory Costs - an
        amendment of ARB No. 43, Chapter 4"" SFAS No. 152, "Accounting for Real Estate
        Time-Sharing Transactions - an amendment of FASB Statements No. 66 and 67,"
        SFAS
        No. 153, "Exchanges of Non-monetary Assets - an amendment of APB Opinion
        No.
        29," and SFAS No. 123 (revised 2004), "Share-Based Payment," were recently
        issued. SFAS No. 151, 152, 153 and 123 (revised 2004) have no current
        applicability to us and have no effect on the financial statements.
  SFAS
        155,
        Accounting for certain Hybrid Financial Instruments and SFAS 156, Accounting
        for
        servicing of Financial Assets were recently issued. SFAS 155 and 156 have
        no
        current applicability to us and have no effect on the financial
        statements.
  In
        May
        2005, the FASB issued SFAS 154, Accounting Changes and Error Corrections.
        This
        Statement replaces APB Opinion No. 20, Accounting Changes, and FASB statement
        No
        3, Reporting Accounting Changes in Interim Financial Statements, and changes
        the
        requirements for the accounting for and reporting of a change in accounting
        principle. This (Expressed in U.S. Dollars) Statement applies to all voluntary
        changes in accounting principle. It also applies to changes required by an
        accounting pronouncement in the usual instance that the pronouncement does
        not
        include specific transition provisions. SFAS 154 also requires that a change
        in
        depreciation, amortization or depletion method for long-lived, non-financial
        assets be accounted for as a change in accounting estimate effected by a
        change
        in accounting principle. This Statement is effective in fiscal years beginning
        after December 15, 2005. We have not yet determined the effect of implementing
        this standard.


15




**Item
      3. Controls and Procedures**




Our
      management, which includes our Chief Executive Officer and our Chief Financial
      Officer, have conducted an evaluation of the effectiveness of our disclosure
      controls and procedures (as defined in Rule 13a-14(c) promulgated under the
      Securities and Exchange Act of 1934, as amended) as of a date (the "Evaluation
      Date") as of the end of the period covered by this Quarterly Report. Based
      upon
      that evaluation, our management has concluded that our disclosure controls
      and
      procedures are effective for timely gathering, analyzing and disclosing the
      information we are required to disclose in our reports filed under the
      Securities Exchange Act of 1934, as amended. There have been no significant
      changes made in our internal controls or in other factors that could
      significantly affect our internal controls subsequent to the end of the period
      covered by this report based on such evaluation.




**Item
      3A(T). Controls and Procedures**




Not
      applicable.




**PART
      II - OTHER INFORMATION**




**Item
      1. Legal Proceedings**





We
      are
      not currently a party to, nor is any of our properties currently the subject
      of,
      any pending legal proceeding. None of our directors, officers or affiliates
      is
      involved in a proceeding adverse to our business or has a material interest
      adverse to our business.




**Item
      2. Unregistered Sales of Equity Securities and Use of
      Proceeds**




None.




**Item
      3. Defaults Upon Senior Securities**




None .




*Purchases
      of Equity Securities by the Small Business Issuer and Affiliated
      Purchasers*




None.




**Item
      4. Submission of Matters to a Vote of Security Holders**




On
      February 20, 2007, our shareholders holding 53% of our issued and outstanding
      common stock as of the equal date approved via an action by the written consent
      of the majority of shareholders for us to increase our authorized common stock
      from 37,620,000 shares to 75,240,000 shares. In connection with said increase,
      we also effected a 2-for-l (2:1) forward stock split (the “Forward Split”). The
      Forward Split became effective on March 6, 2007 (“Effective Date”), upon the
      filing by us of the Certificate of Amendment with the Nevada Secretary of State.
      On the Effective Date, 37,620,000 issued and outstanding shares of our common
      stock were increased to 75,240,000 shares, and in connection with the Forward
      Split our common stock commenced trading under the new ticker symbol
“RVNG.OB”.






16






**Item
      5. Other Information**





(a)  None.





(b)  As
      of the
      date of this Quarterly Report, the Company does not have any board of directors
      committees. No material changes to the procedures by which security holders
      may
      recommend nominees to the Company’s board of directors occurred or implemented
      since the Company’s last periodic filing, its Quarterly Report filed on Form
      10-QSB for the six months ended October 31, 2006.




**Item
      6. Exhibits and Report on Form 8-K**





3(i)1
            
            Articles
                of Incorporation of Raven Gold Corp. (1)3(i)(2)
            
            Certificate
                of Amendment filed with the Secretary of State of the State of Nevada
                on
                February 23, 2007. (2)3(ii)
            
            By-laws
                of Raven Gold Inc (formerly Riverbank Resources Corp.)
                (1)31.1
            
            Certification
                of Periodic Financial Reports by Gary Haukeland in satisfaction of
                Section
                302 of the Sarbanes-Oxley Act of 2002. *31.2
            
            Certification
                of Periodic
                Financial Reports by Bashir Virji in satisfaction of Section 302
                of the
                Sarbanes-Oxley Act of 2002. *32.1
            
            Certification
                of Periodic Financial Reports by Gary Haukeland in satisfaction of
                Section
                906 of the Sarbanes-Oxley Act of 2002 and 18 U.S.C. Section 1350.
                *32.2
            
            Certification
                of Periodic Financial Reports by Bashir Virji in satisfaction of
                Section
                906 of the Sarbanes-Oxley Act of 2002 and 18 U.S.C. Section 1350.
                *





*
      Filed
      Herewith


(1)
                Incorporated by reference to the Company’s Registration Statement filed
                with the SEC on Form SB-2 on June 18, 2005.(2)
                Incorporated by reference to the Company’s Current Report filed with the
                SEC on Form 8-K on March 12, 2007.





17


**SIGNATURES**




Pursuant
      to the requirements of Section 13 or 15(d) of the Securities Exchange Act of
      1934, the registrant has duly caused this report to be signed on its behalf
      by
      the undersigned, thereunto duly authorized.




**RAVEN
                GOLD CORP.**Date: March
              21, 2007
            By:
            /s/ Gary
              HaukelandGary
                HaukelandChief
                Executive Officer




Date: March
              21, 2007
            By:
            /s/ *Bashir
              Virji*Bashir
                VirjiChief
                Financial Officer








18