UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 10-QSB

(Mark One)

[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended  September 30, 2003

[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

For the transition period from __________ to __________

Commission file number  333-62482

|GEOCOM RESOURCES INC.                                            
|-----------------------------------------------------------------
|(Exact name of small business issuer as specified in its charter)

|Nevada                                                         |  | 98-0349734                       
|-------------------------------------------------------------- |  | ---------------------------------
|(State or other jurisdiction of incorporation or organization) |  | (IRS Employer Identification No.)

|Suite 413 - 114 West Magnolia Street, Bellingham, Washington 98225
|------------------------------------------------------------------
|(Address of principal executive offices)                          

|360.392.2898               
|---------------------------
|(Issuer's telephone number)

|                                                                                  
|----------------------------------------------------------------------------------
|(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 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 filing requirements for the past 90 days.     Yes [X]     No [ ]

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
PROCEEDINGS DURING THE PRECEDING FIVE YEARS

Check whether the issuer has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by a court.     Yes [ ]     No  [ ]

APPLICABLE ONLY TO CORPORATE REGISTRANTS

State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date:  17,359,532 common shares issued and outstanding as of November 7, 2003

Transitional Small Business Disclosure Format (Check one):     Yes [ ]     No [X]

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PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements.

GEOCOM RESOURCES INC.
(AN EXPLORATION STAGE COMPANY)
BALANCE SHEET
(unaudited)



|                                                                                                         | September 30,
|-------------------------------------------------------------------------------------------------------- | -------------
|                                                                                                         | 2003         
|ASSETS                                                                                                   |              
|                                                                                                         |              
|Current assets                                                                                           |              
|Cash                                                                                                     | $ 187,720    
|Other current assets                                                                                     | 3,587        
|Total current assets                                                                                     | 191,307      
|                                                                                                         |              
|Property and equipment, net                                                                              | 2,551        
|                                                                                                         |              
|                                                                                                         | $ 193,858    
|                                                                                                         |              
|                                                                                                         |              
|LIABILITIES AND STOCKHOLDERS' DEFICIT                                                                    |              
|                                                                                                         |              
|Current liabilities:                                                                                     |              
|Accounts payable & accrued liabilities                                                                   | $ 2,608      
|Advances - related parties                                                                               | 122,907      
|Total current liabilities                                                                                | 125,515      
|                                                                                                         |              
|Commitments                                                                                              |              
|                                                                                                         |              
|STOCKHOLDERS' DEFICIT:                                                                                   |              
|Common stock, $.00001 par value, 100,000,000 shares authorized, 16,993,678 shares issued and outstanding | 170          
|Additional paid in capital                                                                               | 1,046,311    
|Deficit accumulated during the exploration stage                                                         | (978,138)    
|Total Stockholders' Deficit                                                                              | 68,343       
|                                                                                                         |              
|TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT                                                              | $ 193,858    

3

GEOCOM RESOURCES, INC.
(AN EXPLORATION STAGE COMPANY)
STATEMENTS OF OPERATIONS
(unaudited)

|                                     | Three Months Ended September 30, |  | Inception through September 30,
|------------------------------------ | -------------------------------- |  | -------------------------------
|                                     | 2003                             |  | 2002                           
|Operating expenses:                  |                                  |  |                                
|Consulting fees                      | $ 12,449                         |  | $ -                            
|Salaries and benefits                | -                                |  | -                              
|Exploration expenditures             | 213,791                          |  | -                              
|Oil and gas interests                | -                                |  | -                              
|Interest expense                     | 54,374                           |  | 64                             
|Other general and administrative     | 27,419                           |  | 12,212                         
|                                     |                                  |  |                                
|Net loss                             | $ (308,033)                      |  | $ (12,276)                     
|                                     |                                  |  |                                
|Net loss per share:                  |                                  |  |                                
|Basic and diluted                    | $ (0.02)                         |  | $ (0.01)                       
|                                     |                                  |  |                                
|Weighted average shares outstanding: |                                  |  |                                
|Basic and diluted                    | 16,940,017                       |  | 28,000,000                     

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GEOCOM RESOURCES, INC.
(AN EXPLORATION STAGE COMPANY)
STATEMENTS OF CASH FLOWS
(unaudited)

|                                                                                   | Three Months Ended September 30, |  | Inception through 
September 30,
|---------------------------------------------------------------------------------- | -------------------------------- |  | --------------------------------
|                                                                                   | 2003                             |  | 2002                            
|CASH FLOWS FROM OPERATING ACTIVITIES:                                              |                                  |  |                                 
|Net loss                                                                           | $ (308,033)                      |  | $ (12,276)                      
|Adjustments to reconcile net income to net cash 
provided by operating activities: |                                  |  |                                 
|Amortization of debt discount                                                      | 53,396                           |  | -                               
|Depreciation                                                                       | 231                              |  | -                               
|Common shares issued for services                                                  | -                                |  | -                               
|Changes in:                                                                        |                                  |  |                                 
|Other current assets                                                               | -                                |  | -                               
|Accounts payable & accrued liabilities                                             | (20,850)                         |  | 1,713                           
|NET CASH USED IN OPERATING ACTIVITIES                                              | (275,256)                        |  | (10,563)                        
|                                                                                   |                                  |  |                                 
|CASH FLOWS FROM INVESTING ACTIVITIES:                                              |                                  |  |                                 
|Purchase of property and equipment                                                 | -                                |  | -                               
|                                                                                   |                                  |  |                                 
|CASH FLOWS FROM FINANCING ACTIVITIES:                                              |                                  |  |                                 
|Proceeds from note payable                                                         | -                                |  | -                               
|Proceeds from notes payable - related parties                                      | -                                |  | -                               
|Repayment of notes payable - related parties                                       | -                                |  | (4,618)                         
|Proceeds from advances - related parties                                           | 15,000                           |  | -                               
|Repayments from advances - related parties                                         | -                                |  | (15,000)                        
|Issuance of common stock                                                           | -                                |  | -                               
|CASH FLOWS FROM FINANCING ACTIVITIES                                               | 15,000                           |  | (19,618)                        
|                                                                                   |                                  |  |                                 
|NET CHANGE IN CASH                                                                 | (260,256)                        |  | (30,181)                        
|Cash, beginning of period                                                          | 447,976                          |  | 30,203                          
|Cash, end of period                                                                | $ 187,720                        |  | $ 22                            
|                                                                                   |                                  |  |                                 
|SUPPLEMENTAL CASH FLOW INFORMATION:                                                |                                  |  |                                 
|Interest paid                                                                      | $ -                              |  | $ -                             
|Income taxes paid                                                                  | $ -                              |  | $ -                             

5

GEOCOM RESOURCES, INC.
(AN EXPLORATION STAGE COMPANY)
NOTES TO FINANCIAL STATEMENTS
(unaudited)

NOTE 1 - BASIS OF PRESENTATION

The accompanying unaudited interim financial statements of Geocom Resources, Inc. have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission ("SEC"), and should be read in conjunction with the audited financial statements and notes thereto contained in the Company's registration statement filed with the SEC on Form 10-KSB. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosure contained in the audited financial statements for the most recent fiscal year end June 30, 2003 as reported in Form 10-KSB, have been omitted.

NOTE 2 - RECLASSIFICATIONS

Certain amounts in the September 30, 2002 financial statements have been reclassified to conform with the September 30, 2003 financial statement presentation.

NOTE 3 - CAPITAL STOCK

In July 2003, Geocom converted its note payable from Windsor of $513,425 ($500,000 principle, $13,425 interest) into 493,678 common shares of Geocom. The $513,425 was converted based on the share price of $1.04 or 90% of the market price on the date of election.

NOTE 4 - SUBSEQUENT EVENT

In October 2003, Geocom formed a Chilean subsidiary, named Minera Geocom Resources-Chile Limitada. This subsidiary was formed to continue its exploration and acquisition efforts in Chile.

In October 2003, Geocom conducted a private placement and sold 365,854 units for gross proceeds of $750,000. Each unit consists of 1 share of common stock and 1 non-transferable warrant. The warrants have an exercise price of $2.50 and expire in one year form the purchase date.

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Item 2.  Management's Discussion and Analysis or Plan of Operation.

FORWARD-LOOKING STATEMENTS

This quarterly report contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as "may", "will", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including the risks in the section entitled "Risk Factors", that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.

Our financial statements are stated in United States Dollars (US$) and are prepared in conformity with generally accepted accounting principles in the United States of America for interim financial statements. The following discussion should be read in conjunction with our financial statements and the related notes that appear elsewhere in this quarterly report.

As used in this quarterly report, the terms "we", "us", "our company", and "Geocom" mean Geocom Resources Inc., unless otherwise indicated. All dollar amounts refer to US dollars unless otherwise indicated.

Background

We are in the business of acquiring, exploring, and developing mineral resource properties and interests. We were incorporated on June 19, 2000. From the inception of our business on April 23, 2001, we were engaged in a working interest in respect of the exploration of certain oil and natural gas interests in the state of California referred to as the Coalinga Nose Project. The Coalinga Nose Project was unsuccessful and we commenced pursuing other resource sector opportunities. In April 2003 we made the decision to focus our efforts on the mineral resource exploration and development sector.

General

We were incorporated in the State of Nevada on June 19, 2000. From the inception of our business on April 23, 2001, we were engaged in the exploration of certain oil and natural gas interests in the state of California. These exploration efforts were unsuccessful and we commenced pursuing other resource sector opportunities. In April 2003 we made a strategic decision to focus and pursue opportunities in the mineral resource exploration and development sector.

On April 28, 2003 we entered into a letter of intent with TNR Resources Ltd. to acquire an option to purchase a 75% working interest in La Carolina mineral project, located in the Sierra San Luis Mountains of Central Argentina. On May 2, 2003 we entered into a formal agreement with TNR Resources Ltd. ("TNR") to acquire a 75% interest in the La Carolina Project. The La Carolina Project comprises 1,318 hectares in the San Juan Province of Argentina, located 90 kilometers northeast of the provincial capital of San Luis. To earn our 75% interest, we must spend $2,000,000 over four years on exploration and development at La Carolina. We must issue or arrange for transfer of 50,000 common shares to TNR upon formalization of the option agreement, and annually thereafter until its obligations have been met. Upon vesting our interest in the project, we and TNR will enter into a formal venture agreement to manage the development of the project.

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On May 16, 2003, we entered into an agreement in principle with TNR Resources Ltd. ("TNR") and BHP Minerals International Exploration Inc. ("BHP") to earn a majority interest in BHP's Iliamna Project in Alaska. On May 20, 2003, we announced that we had entered into a formal agreement with TNR Resources Ltd. ("TNR") to earn a 75% interest in TNR's option to earn a 70% interest in BHP Minerals International Exploration Inc.'s (BHPB) Iliamna Project in Alaska. Upon accomplishing our earn-in obligations, we will hold a net 52.5% interest in the project. To earn our interest, we must expend US$500,000 prior to September 26, 2004. The interest earned is subject to a back-in right held by BHP to reacquire a 70% interest in the project with obligation to fund the project through a formal feasibility study. BHP can earn an additional 10% interest by agreeing to arrange the financing necessary to bring the project into commercial production.

On September 29, 2003 we announced the drill and assay results from our core-drilling program at the Iliamna Project in western Alaska. Those results are discussed later in this Form 10QSB.

On October 21, 2003 we announced the mobilization of our field crew to the La Carolina project, San Luis Province, Argentina to conduct mapping, sampling, and geochemical studies.

On October 24, 2003 we announced the formal incorporation of our Chilean subsidiary, Minera Geocom Resources-Chile Limitada which was recorded on October 16, 2003 with the Registry of Commerce of Santiago. The formation of this subsidiary us to carry out exploration and acquisition efforts in Chile.

On October 31, 2003 we announced the acquisition of two gold and base metal projects in Chile. Geocom personnel staked both properties on behalf of the Corporation. The claims were staked prior to the incorporation of Minera Geocom Resources-Chile Limitada, the Corporation's Chilean subsidiary, due to competitive activity in the area, and will be transferred to Minera Geocom Resources-Chile Limitada upon completion of the claimfiling process.

We are also currently pursuing other projects within the mineral resource sector. Our principal capital resources have been acquired through issuance of common stock, shareholder loans and borrowing.

Competitive Factors

The mineral exploration, development, and production industry is largely unintegrated. We compete with other exploration companies looking for mineral resources. We are one of the smaller exploration companies presently active. While we compete with other exploration companies, there is no competition for the removal or sales of mineral products from our properties. Readily available markets exist worldwide for the sale of gold and other mineral products. Therefore, we will likely be able to sell any gold or mineral products that we are able to produce.

Current Projects

La Carolina Project, San Luis, Argentina

On April 28, 2003 we entered into a letter of intent with TNR Resources Ltd. to acquire an option to purchase a 75% working interest in the La Carolina mineral project, located in the Sierra San Luis Mountains of Central Argentina. On May 2, 2003 we entered into a formal agreement with TNR Resources Ltd. ("TNR") to acquire a 75% interest in the La Carolina Project. The La Carolina Project comprises 1,318 hectares in the San Juan Province of Argentina, located 90 kilometers northeast of the provincial capital of San Luis. To earn our 75% interest, we must spend US$2,000,000 over four years on exploration and development at La Carolina. We must issue or arrange for transfer of 50,000 common shares to TNR upon formalization of the option agreement, and annually thereafter until our obligations have been met. Upon vesting its interest in the project, TNR and we will enter into a formal venture agreement to manage the development of the project.

Property and Claims

The La Carolina property consists of 11 claims, which total approximately 3255.46 acres.

8



|Location Area | Name            | File Number | Owner | Size     | Date Granted
|------------- | --------------- | ----------- | ----- | -------- | ------------
|              |                 |             |       | hectares |             
|Carolina      | Atenea          | 672-D-88    | CMSA  | 200      | 7/6/1999    
|Carolina      | Afrodita        | 276-V-87    | CMSA  | 100      | 7/6/1999    
|Carolina      | Adonis          | 673-D-88    | CMSA  | 200      | 7/6/1999    
|Carolina      | Arbol de Anibal | 441-C-85    | CMSA  | 100      | 7/6/1999    
|Carolina      | Arbolito        | 677-D-88    | CMSA  | 200      | 7/6/1999    
|Carolina      | Penélope        | 538-C-88    | CMSA  | 100      | 7/6/1999    
|Carolina      | Baco            | 674-D-88    | CMSA  | 100      | 7/6/1999    
|Carolina      | Carolina II     | 719-N-98    | CMSA  | 100      | 7/6/1999    
|Carolina      | Carolina III    | 720-N-98    | CMSA  | 100      | 7/6/1999    
|Carolina      | Carolina IV     | 721-N-98    | CMSA  | 100      | 7/6/1999    
|Carolina      | La Estancia     | 775-C-2003  | CMSA  | 18       | 3/12/2003   
|              |                 |             |       | 1318     |             

To date we have not made any exploration expenditures in respect of the La Carolina property. We are presently in the exploration stage and there is no assurance that a commercially viable mineral deposit or an ore reserve exists in the La Carolina Property until further exploration is done and a comprehensive evaluation concludes economic and legal feasibility. We have not obtained any insurance in respect of the property.

Location and Access

The property is located approximately 90 km Northeast of the provincial capital of San Luis in San Luis province. The project is centred on latitude 32 49' S and longitude 66 01' 32" W (Gauss Kruger 6369200 N 3497600 E).

The property is easily accessible year round by paved roads leading from the Provincial capital of San Luis. A paved road crosses the property. A network of gravel and dirt roads provide access throughout the project area.

Agreement and Terms

We have option agreements with TNR Gold Corp. in respect of the property. To earn our 75% interest, we must make exploration expenditures of $2,000,000 prior to May 3, 2007, and we must expend $100,000 in exploration on the property on or before April 30, 2004 to maintain our right to earn an interest.

Previous Work.

There are numerous old workings and prospect pits on the property. The area was the site of substantial alluvial gold mining in the creeks and ravines in the area. Gold found in the placer deposits was coarse, an indication of a proximal hard rock source. However, a source for the placer deposits has yet to be delineated.

The government of Argentina conducted minimal exploration activities in the period 1978-1984. In 1986 the government of Argentina designated a twenty square kilometre area in the Carolina - Canada Honda mining district as a mineral reserve. In 1999, the government of Argentina released the property to the public. Compania Minera Solitario Argentina (CMSA), a wholly owned subsidiary of TNR Resources Inc. acquired the Carolina property by staking claims on the property.

9

Property Description

La Carolina property is situated within the in the sierra de San Luis of north-central Argentina. Elevations on the property range from 1,600 to 1980 meters above seal level.

The topography at the La Carolina property consists of low but locally steep hills, with elevations ranging from 1,600 meters to 1980 meters above sea level. Vegetation consists mainly of scrub brush. The climate features hot summers and warm winters. The region is very dry all year with average yearly precipitation at 3.66 inches. Due to the mild weather, low altitude, and the paved access road bisecting the property, surface exploration, as well as drilling or underground exploration can be conducted on a year round basis.

Property Geology

La Carolina gold property is located in the westernmost side of the 80 kilometer-long northwest- trending Tertiary (Mio-Pliocene) volcanic belt in the geologic province ofSierras Pampeanas in San Luis province, Argentina Republic. This volcanic belt is comprised oflatite-trachites, trachy-andesites with areas having a high content of sanidine.

The volcanic complex at La Carolina comprises ofa multisystem maar diatremes, conforming autoclastic breccias, hydrothermal breccias and phreatomagmatic breccias. Mineralization is vein hosted as well as disseminated. Generally mineralization is hosted in the structures developed by the maar diatreme systems.

Sulfide mineralization is widespread in hydrothermal breccias and explosion breccias or is present as a fine stocwork throughout the autoclastic flow breccia. It is dominated by pyrite, arsenopyrite, pyrrhotite, marcasite, sphalerite, galena, wurzite, tennantite-tetrahedrite and chalcopyrite.

The alteration features correspond to a volcanic-hosted epithermal gold deposit of adularia-sericite type.

We have not obtained a geologist or mining engineer's report on the property.

Proposed Exploration Program

General

We must conduct exploration to determine what amount of valuable minerals, if any, exist on our properties and if any valuable minerals, which are found, can be economically extracted and profitably processed. Our exploration targets are gold, silver, copper and zinc, or other valuable minerals, all of which have been found in exploration occurring within the regional area of our property.

Our exploration programs are designed to efficiently explore and evaluate our properties.

We do not claim to have any valuable minerals or reserves whatsoever at this time on any of our properties.

Proposed Exploration Program

Previous work at La Carolina has successfully delineated areas containing anomalous gold and silver. The previous work is insufficient to adequately evaluate the economic potential of the mineralized zones, and the Registrant intends to fully explore and delineate the ore potential of the anomalous zones in a staged exploration program that will incorporate the following activities:

1.	Acquisition of all available previous data and formation of a property-wide database,

2.	Evaluation of existing geochemical data for statistical trends within the data that will aid surface and subsurface exploration activities,

10

3.	surface mapping of geological features combined with rock chip and stream sediment sampling programs to further define known anomalies and identify new areas of anomalous mineralization,

4.	Evaluation of new data, compilation, and integration with satellite or other remote sensing data to aid prioritization of drill targets,

5.	Drill individual targets and analyze samples for gold, silver, copper, and a suite of pathfinder trace elements to add additional drilling programs.

A qualified geologist with extensive experience in exploration of gold and mineral properties will manage a technical team conducting the multiple phases of exploration. John Hiner, our President and Chief Executive Officer will oversee the exploration programs.

Regulations

Our mineral exploration program at La Carolina is subject to the 1997 Argentine Mining Act and Regulation. This act sets forth rules for

Locating claims

Posting claims

Working and exploring on mining claims

Reporting on work performed

We must comply with this law in order to maintain our claims. The purpose of the Actis to assist persons and companies desiring to explore for valuable minerals in Argentina to understand the process whereby exploration activities are permitted and regulated. The Act establishes province- wide standards for mineral exploration and development activities. The Actalso serves to manage and administer exploration, development, and reclamation activities to ensure maximum extraction with a minimum of environmental disturbance.

Explorations

On October 21, 2003 we announced the mobilization of our field crew to the La Carolina project, San Luis Province, Argentina to conduct mapping, sampling, and geochemical studies. A team of Argentine and Canadian geologists will work to confirm prior target areas defined by previous studies and drilling, and to identify new targets.

The La Carolina Project comprises a significant portion of a mining district. The district is an historic producer of gold, silver, and base metals, and the region has been a prolific producer of alluvial gold. Numerous prospect pits can be found across the project area. Previous work has identified a minimum of six target areas for gold.

Prior to initiation of fieldwork, our Argentine staff assembled a property-wide database of stream sediment and rock chip sampling, previous drilling by the Argentine government, and mapping conducted by several authors, including a large Australian mining company. The geochemistry database was further compiled and analyzed by our geochemist.

Analysis of the database confirms at least three distinct types of mineralization in separate geologic settings on the property. Statistical comparison of the chemistry indicates a strong gold-silver-lead-arsenic- mercury association. Pathfinder elements have been identified, which have been used to confirm known target areas, and to identify new targets that will be checked on the ground and sampled by the technical team.

We are encouraged by the results of the compilation studies, which in combination with the results of the upcoming fieldwork, will serve to guide the subsequent drill program planned for late 2003 or early 2004.

11

Iliamna Project, Alaska, USA

On May 16, 2003, we entered into an agreement in principle with TNR Resources Ltd. ("TNR") and BHP Minerals International Exploration Inc. ("BHP") to earn a majority interest in BHP's Iliamna Project in Alaska. On May 20, 2003, we announced that we entered into a formal agreement with TNR Resources Ltd. ("TNR") to earn a 75% interest in TNR's option to earn a 70% interest in BHP Minerals International Exploration Inc.'s (BHPB) Iliamna Project in Alaska. Upon accomplishing our earn-in obligations, we will hold a net 52.5% interest in the project. To earn our interest, we must expend US$500,000 prior to September 26, 2004. The interest earned is subject to a back-in right held by BHP to reacquire a 70% interest in the project with obligation to fund the project through a formal feasibility study. BHP can earn an additional 10% interest by agreeing to arrange the financing necessary to bring the project into commercial production.

Property and Claims

The Iliamna Project is held by 63 unpatented lode mining claims located on U.S. federal lands and state of Alaska state-select lands. State select land comprises land selected by the state during the process of statehood and in combination with dividing lands for the Alaska native corporations. Both descriptions are managed under the auspices of the Bureau of Land Management, Department of Interior, U.S. government. Total acreage held in the project is 31,340.

Location and Access

The Iliamna Project is located in western Alaska, about fifty miles east-northeast of Dillingham. There are no roads in the area, and access into the northern part of the project can be had via barge to Koliganek, with helicopter transport to the claims thereafter. Access to the southern part of the claims is possible via helicopter from Igiugig, a small fishing and barge village on the western shore of Lake Iliamna.

Agreement and Terms

We have option agreements with TNR Gold Corp. and BHP Billiton in respect of the property. We must expend $500,000 in exploration on the property by September 26, 2004, including an expenditure of $350,000 by May 7, 2004 in respect of the Iliamna property to maintain our right to earn an interest.

Previous Work

In 2000, Rio Algom Exploration Inc. began exploring for supergene enriched porphyry copper deposits in SW Alaska. During the year, they conducted an airborne magnetic survey, which identified three regional magnetic anomalies. An IP/resistivity survey was conducted on selected targets after which the company staked claims - the Illiamna property - to cover the geophysical anomalies. Subsequent to claim staking, Rio Algom was acquired by BHP Billition Inc. On October 15, 2002 TNR Resources Inc. (now TNR Gold Corp.) acquired an option to acquire 70% of the property from BHP Minerals International Exploration Inc.

Property Description

The Iliamna property is situated within southwest Alaska, with elevations ranging from 15 meters above seal level to 200 meters above sea level. The project area is low-lying, and topography is flat. Vegetation consists entirely of tundra made up of moss, low scrub brush, and stunted spruce growth. The climate features warm summers and cold winters. The coastal region is fairly moist in the summer. The area receives about 26 inches of rainfall during the year, and about 65 inches of snow. The recommended field exploration season is from June to October, although year-round helicopter access provides for drilling or underground exploration on a year round basis.

Property Geology

The main rock types occurring in the surrounding area are Upper Triassic andesites and andesitic breccia and tuffs of the Karmutsen Formation, Vancouver Group, which are intruded by granodiorite of the Early to Middle Jurassic

12

Island Intrusions, and Tertiary dacitic dykes. The rocks are cut by northwest trending faults, which typically show intense shearing and local sericitization, silicification and pyritization. Planar quartz veinlets trend northeast through andesitic breccias and flow near the contact with granitic intrusives. The veinlets dip steeply and vary from 0.1 to 10 centimetres thick. Veins comprise coarsely crystalline quartz, calcite and sulphides, which include pyrrhotite, pyrite, chalcopyrite, arsenopyrite, sphalerite and galena. The veins are locally silicified. (Assessment Reports 9606, 12767).

Gold is found in volcanic rocks, as well as quartz monzonite and quartz diorite. We have not determined if there is any economic gold on the property nor whether there is other mineralization of any economic significance.

The source of the above description of the rock formation and mineralization of the property was reports by Rio Algom, BHP Billiton, and State of Alaska geologic data.

Proposed Exploration

We must conduct exploration to determine what amount of valuable minerals, if any, exist on our properties and if any valuable minerals, which are found, can be economically extracted and profitably processed. Our exploration targets are gold, silver, copper and zinc, or other valuable minerals, all of which have been found in exploration occurring within the regional area of our property.

Our exploration programs are designed to efficiently explore and evaluate our properties.

We do not claim to have any valuable minerals or reserves whatsoever at this time on any of our properties.

Exploration Program

Previous reconnaissance-level airborne magnetic studies defined a large anomaly in western Alaska. Follow up ground-based geophysical analysis confirmed the regional anomaly and further defined target areas for additional work. Because the area is completely covered by recent glacial till and glacially derived materials, the standard progression of exploration has been foreshortened, and drilling is required to test the validity of the geophysical anomaly.

We therefore intend to conduct a 4,000 ft 4 hole diamond drill program to test two geophysical anomalies on the property. We will contract an experienced drilling company to conduct the drilling and will have a professional geologist as an independent contractor to act as the project geologist. We will contract a fixed - wing airplane to transport the diamond drill and all associated equipment to the nearest airstrip to the property from where a helicopter will transport the equipment to site. The helicopter will also provide daily transport for the crew and geologist. An experienced exploration geologist, overseen by our CEO John Hiner, will manage the entire exploration program. The cost of the program is estimated to be $350,000.

Regulations

We are subject to the federal Mining Law of 1872, as modified from time to time, as well as BLM and U.S. Forest Service regulations where applicable, dependent upon jurisdiction. We must also comply with State of Alaska mining and surface management regulations, and regulations governing the fish and fauna of the state. We are also required to observe the 1976 Federal NEPA (National Environmental Policy Act), and its subsidiary regulations.

Explorations

On September 29, 2003 we announced the drill and assay results from our core-drilling program at the Iliamna Project in western Alaska.

Four core holes were drilled to test two buried geophysical targets. Two holes were drilled at the "H" claims area, which constitutes the southern anomaly, and two holes were drilled at the "D" claims area, which constitutes the northern anomaly.

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At the "H" claims, the drill hole IL-03-H-01 encountered bedrock at 220 feet, and was drilled to a final depth of 685 feet. The core is a very fine-grained metamorphic rock, which is host to fracture-controlled and disseminated sulfide minerals consisting of chalcopyrite, pyrrhotite, and traces of molybdenite. Drill hole IL-03-H-02 was drilled about 0.6 miles southwest of the first hole, at a - 70 degree angle, and encountered quartz diorite intrusive at 280 feet, which continued to a total depth of 835 feet. The intrusive contains disseminated and fracture-controlled chalcopyrite, pyrrhotite, and pyrite as well as fracture-controlled chalcopyrite. The following table provides the weighted gold and copper assays for each entire hole, as well as selected intervals within each hole.



|Drill Hole No.           | From (ft) | To (ft) | Interval (ft) | Au (ppm) | Cu (ppm)
|------------------------ | --------- | ------- | ------------- | -------- | --------
|IL-03-H-01 (metamorphic) | 220       | 685     | 465           | 0.0195   | 231     
|including                | 220       | 285     | 65            | 0.0300   | 304     
|                         | 345       | 375     | 30            | 0.0297   | 528     
|                         | 445       | 685     | 240           | 0.0195   | 244     
|IL-03-H-02 (intrusive)   | 282       | 835     | 553           | 0.0484   | 212     
|including                | 282       | 365     | 83            | 0.0378   | 284     
|                         | 395       | 505     | 110           | 0.0500   | 417     
|                         | 555       | 715     | 160           | 0.0755   | 209     

At the "D" claims, the final two holes of this year's program were terminated at 428 feet and 330 feet in glacial sands, and did not reach bedrock due to adverse drilling conditions. Estimates of depth to bedrock in this area, based on geophysical data, were substantially shallower; as a result the Registrant has asked its geophysicists to review the original data for an explanation of the disparity.

We are very encouraged by these copper-gold results. Anomalous intervals of copper-gold mineralization in both the intrusive and metamorphic rocks suggest that a mineralized system has been intersected and additional work is warranted. The distance between the two mineralized drill holes is over a half-mile, which may be an indication of a large mineralizing system.

As a result of the success of the 2003 drill program, we are planning additional geophysical work this winter to provide further information to guide next year's drill program.

Santa Rosa and Marcelita, Chile

The Santa Rosa and Marcelita properties comprise a total of 2433 hectares located in the Zapallar mining district, 40 kilometers southeast of Copiapo, Tierra Amarilla County, Region III, Chile. Mines in the Zapallar district produced gold, silver, copper, lead, and zinc from volcanic-hosted veins, stockwork, breccia pipes, and other mineralized settings. Previously held by LAC Minerals in the late 1980s, the ground recently became open to staking. The Corporation controls 100% of the property acquired.

The Santa Rosa property includes the Cuarteadero 1-6 claims covering 10.5 square kilometers. Large zones of intense hydrothermal alteration that host silicification, stockwork veining, and silicified breccias within stratified volcanic rocks underlie the area. Reconnaissance rock-chip sampling returned anomalous gold and base metal values ranging up to 0.312 ppm gold, 45.4 ppm silver, 7700 ppm copper, 4.02% lead and 6.96% zinc.

The Marcelita property comprises the Chanar 1-6 claims totaling 13.9 square kilometers. Numerous quartz-tourmaline breccia pipes pierce intensely altered and metamorphosed volcanic and intrusive rocks, which are juxtaposed with the eastern margin of the Cabeza de Vaca intrusive complex. Anomalous gold has been found within breccias and stockwork zones on the property and ore-grade gold values occur within contact-metamorphic rocks above the intrusive with copper oxide visible along a ridge extending over one half kilometer. Gold values reach 1.97 ppm and copper grades up to 1.63%.

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The Corporation has initiated evaluation programs on both properties to compile geologic and geochemical data to confirm existing targets, and to delineate new drill targets.

RISK FACTORS

We own options to earn interest in our properties and if we fail to meet the requirements of our option agreements we will lose our interests and cease operations.

We hold options to earn interests in our properties and if we fail to meet the requirements of our option agreements we will lose our rights to earn those interests and cease operations.

We have limited operating history and losses that we expect to continue into the future.

We have not yet realized any revenues. We have limited operating history upon which an evaluation of our future success or failure can be made. Our net loss since inception is $978,138. Our ability to achieve and maintain profitability and positive cash flow is dependent upon the following:

Our ability to locate a profitable mineral property;

Our ability to generate revenues; and

Our ability to reduce exploration costs.

Based upon current plans, we expect to incur operating losses in future periods. This will happen because there are expenses associated with exploration of our mineral properties. We may not be successful in generating revenues in the future. Failure to generate revenues will cause us to go out of business.

We have no known ore reserves and we may not find any mineral resources, or if we find mineral resources, the deposits may be uneconomic or production from those deposits may not be profitable.

We have no known ore reserves and we may not find any mineral resources. Even if we recover mineral substances, we may not make a profit. If we cannot find economic mineral resources or if it is not economic to recover the mineral resources, we will have to cease operations.

If we do not raise enough money for exploration, we will have to delay exploration or go out of business.

We are in the very early exploration stage and we need additional financing before we are able to continue our exploration efforts. We have not made any arrangements for financing and we may be unable to raise financing. If we are not able to raise any financing we will have to delay our exploration or go out of business.

Weather conditions and climate may make access to our Iliamna project difficult.

Rain and snow may make access to our Iliamna project difficult. While we plan to conduct exploration year round, weather constraints could impact the access and efficiency of our exploration programs.

Because we are small and do not have much capital, we must limit our exploration and consequently may not find mineralized material. If we do not find mineralized material, we will cease operations.

Because we are small and do not have much capital, we must limit our exploration. Because we may have to limit our exploration, we may not find mineralized material, although our property may contain mineralized material. If we do not find mineralized material, we will cease operations. We require additional financing before we can undertake any explorations of our properties.

We may not have access to all of the supplies and materials we need to begin exploration that could cause us to delay or suspend operations.

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Competition and unforeseen limited sources of supplies in the industry could result in occasional spot shortages of supplies, such as explosives, and certain equipment such as bulldozers and excavators that we might need to conduct exploration. We have not attempted to locate or negotiate with any suppliers of products, equipment or materials. We will attempt to locate products, equipment and materials after this offering is complete. If we cannot find the products and equipment we need, we will have to suspend our exploration plans until we do find the products and equipment we need.

We do not have enough money to complete our exploration and consequently may have to cease or suspend our operations unless we are able to raise additional financing.

We have enough money to commence first stages of the exploration of the Iliamna and La Carolina Projects. We will require additional funding to complete subsequent phases of exploration. Because we are conducting exploration on undeveloped projects, we do not know how much we will have to spend to find out if there is mineralized material on our property. It could cost as little as $500,000 and as much as $10,000,000 to find out. If it turns out that we are not able to raise enough money to complete our exploration program, we will try to raise additional funds from a public offering, a private placement or loans. At the present time, we have not made any plans to raise additional money and there is no assurance that we would be able to raise additional money in the future. In we need additional money and cannot raise it, we will have to suspend or cease operations.

Because the SEC imposes additional sales practice requirements on brokers who deal in our shares that are penny stocks, some brokers may be unwilling to trade them. This means that you may have difficulty in reselling your shares and may cause the price of the shares to decline.

Our shares qualify as penny stocks and are covered by Section 15(g) of the Securities Exchange Act of 1934, which imposes additional sales practice requirements on broker/dealers who sell our securities in this offering or in the aftermarket. In particular, prior to selling a penny stock, broker/dealers must give the prospective customer a risk disclosure document that: contains a description of the nature and level of risk in the market for penny stocks in both public offerings and secondary trading; contains a description of the broker/dealers' duties to the customer and of the rights and remedies available to the customer with respect to violations of such duties or other requirements of Federal securities laws; contains a brief, clear, narrative description of a dealer market, including "bid" and "ask" prices for penny stocks and the significance of the spread between the bid and ask prices; contains the toll free telephone number for inquiries on disciplinary actions established pursuant to section 15(A)(i); defines significant terms used in the disclosure document or in the conduct of trading in penny stocks; and contains such other information, and is in such form (including language, type size, and format), as the SEC requires by rule or regulation. Further, for sales of our securities, the broker/dealer must make a special suitability determination and receive from you a written agreement before making a sale to you. Because of the imposition of the foregoing additional sales practices, it is possible that brokers will not want to make a market in our shares. This could prevent you from reselling your shares and may cause the price of the shares to decline.

Our officers and directors own a total of 6,000,000 shares of our company. They may sell some of their shares in the future, which could cause the price of our common stock to fall, which will reduce the value of your shares.

Our officers and directors own a total of 6,000,000 shares of stock. Subject to all holding periods under applicable securities laws, they will likely sell a portion or all of their stock in the future. If they do sell their stock into the market, the sales may cause the market price of the stock to drop.

Financial Condition, Liquidity and Capital Resources

We are in the business of acquiring and exploring resource properties and interests. We were incorporated on June 19, 2000. From the inception of our business on April 23, 2001, we were engaged in a working interest in respect of the exploration of certain oil and natural gas interests in the state of California referred to as the Coalinga Nose Project. The Coalinga Nose Project was unsuccessful and we commenced pursuing other resource sector opportunities.

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On September 25, 2002 we entered into a letter of intent with ADS Drilling Services Inc., a privately held Texas company specializing in directional drilling for the oil and gas industry, entitling us to acquire all of their issued and outstanding shares, subject to financing and certain other terms and conditions. On December 22, 2002 the letter of intent with ADS was cancelled due to an inability to secure financing for the project.

On April 28, 2003 we entered into a letter of intent with TNR Resources Ltd. to acquire an option to purchase a 75% working interest in La Carolina mineral project, located in the Sierra San Luis Mountains of Central Argentina. On May 2, 2003 we entered into a formal agreement with TNR Resources Ltd. ("TNR") to acquire a 75% interest in the La Carolina Project. The La Carolina Project comprises 1,318 hectares in the San Juan Province of Argentina, located 90 kilometers northeast of the provincial capital of San Luis. To earn its 75% interest, the Corporation must spend US$2,000,000 over four years on exploration and development at La Carolina. The Corporation must issue or arrange for transfer of 50,000 common shares to TNR upon formalization of the option agreement, and annually thereafter until its obligations have been met. Upon vesting its interest in the project, the Corporation and TNR will enter into a formal venture agreement to manage the development of the project.

On September 29, 2003 we announced the drill and assay results from our core-drilling program at the Iliamna Project in western Alaska. Those results are discussed elsewhere in this Form 10QSB.

On October 21, 2003 we announced the mobilization of our field crew to the La Carolina project, San Luis Province, Argentina to conduct mapping, sampling, and geochemical studies.

On October 24, 2003 we announced the formal incorporation of our Chilean subsidiary, Minera Geocom Resources-Chile Limitada which was recorded on October 16, 2003 with the Registry of Commerce of Santiago. The formation of this subsidiary us to carry out exploration and acquisition efforts in Chile.

On October 31, 2003 we announced the acquisition of two gold and base metal projects in Chile. Geocom personnel staked both properties on behalf of the Corporation. The claims were staked prior to the incorporation of Minera Geocom Resources-Chile Limitada, the Corporation's Chilean subsidiary, due to competitive activity in the area, and will be transferred to Minera Geocom Resources-Chile Limitada upon completion of the claimfiling process.

We are also pursuing other potential projects within the mineral resource sector.

Our principal capital resources have been acquired through issuance of common stock, shareholder loans and borrowing.

At September 30, 2003, there was a working capital of $65,792 compared to a working capital of $306,773 at June 30, 2003.

At September 30, 2003, our total assets were $193,858.

At September 30, 2003, our total current liabilities decreased to $125,515 from $144,790 at June 30, 2003, primarily reflecting a decrease in accounts payable.

We have not had revenues from inception.

Results of Operations.

We posted losses of $308,033 for the three months ending September 30, 2003 and $978,138 since inception to September 30, 2003. The principal components of the losses for the three months ended September 30, 2003 were administrative and exploration expenses of $27,419 and $213,791. The principal components of the losses since inception through September 2003 were salaries, administrative and exploration expenses of $275,000, $343,566 and $95,968.

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Operating expenses for the three months ending September 30, 2003 were $308,033, compared to the three months ending September 30, 2002 which were $12,276.

APPLICATION OF CRITICAL ACCOUNTING POLICIES

Our unaudited financial statements and accompanying notes have been prepared in conformity with generally accepted accounting principles in the United States of America for interim financial statements. Preparing financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. These estimates and assumptions are affected by management's application of accounting policies. We believe that understanding the basis and nature of the estimates and assumptions involved with the following aspects of our financial statements is critical to an understanding of our financials.

Going Concern

We have historically incurred losses, and through September 30, 2003 have incurred losses of $978,138 from our inception. Because of these historical losses, we will require additional working capital to develop its business operations.

We intend to raise additional working capital through private placements, public offerings and/or bank financing. As of November 18, 2003, we were in discussions with several investors, however no definitive agreements have been reached.

There are no assurances that we will be able to either (1) achieve a level of revenues adequate to generate sufficient cash flow from operations; or (2) obtain additional financing through either private placements, public offerings and/or bank financing necessary to support our working capital requirements. To the extent that funds generated from operations and any private placements, public offerings and/or bank financing are insufficient, we will have to raise additional working capital. No assurance can be given that additional financing will be available, or if available, will be on terms acceptable to us. If adequate working capital is not available we may not increase our operations.

These conditions raise substantial doubt about our ability to continue as a going concern. The financial statements do not include any adjustments relating to the recoverability and classification of asset carrying amounts or the amount and classification of liabilities that might be necessary should we be unable to continue as a going concern.

Item 3.  Controls and Procedures.

As required by Rule 13a-15 under the Exchange Act, within the 90 days prior to the filing date of this report, we have carried out an evaluation of the effectiveness of the design and operation of our company's disclosure controls and procedures. This evaluation was carried out under the supervision and with the participation of our management, including our president and chief executive officer. Based upon that evaluation, our president and chief executive officer concluded that our disclosure controls and procedures are effective. There have been no significant changes in our internal controls or in other factors, which could significantly affect internal controls subsequent to the date we carried out our evaluation.

Disclosure controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed in our company's reports filed or submitted under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Securities and Exchange Commission's rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed in our reports filed under the Exchange Act is accumulated and communicated to management, including our president and chief executive officer as appropriate, to allow timely decisions regarding required disclosure.

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PART II - OTHER INFORMATION

Item 1.  Legal Proceedings.

We know of no material, active or pending legal proceedings against us, nor are we involved as a plaintiff in any material proceedings or pending litigation. There are no proceedings in which any of our directors, officers or affiliates, or any registered or beneficial shareholder are an adverse party or has a material interest adverse to us.

Item 2.  Changes in Securities.

On March 1, 2003 we entered into a convertible loan agreement to borrow up to $500,000. The loan amount was convertible into common stock at the election of the lender and bore interest at 10% per annum. We borrowed a total of $500,000 under the agreement. On July 9, 2003 the lender elected to exercise its right to convert all of the outstanding principal ($500,000) and accrued interest ($13,424.64) under the loan agreement into common shares of our stock at a price of $1.04 per share. Accordingly, we issued a total of 493,678 shares of common stock to the lender to fulfil our obligations under the loan agreement.

Subsequent to September 30, 2003 we announced the closing of a private placement on October 29, 2003 resulting in gross proceeds of $750,000. The Company issued 365,854 units at a price of $2.05 per unit. Each unit consists of a share and a non-transferable share purchase warrant. Each warrant will entitle the holder to purchase an additional share in the capital of the Company at price of $2.50 per common share for a period of one year from the date of closing. The proceeds will be used for projects advancement, exploration and general working capital.

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.

Exhibits required by Item 601 of Regulation S-B

(3)	Articles of Incorporation and By-laws

3.1	Restated Articles of Incorporation (incorporated by reference from our Registration Statement on Form SB-2, filed on June 7, 2001).

3.2	By-laws (incorporated by reference from our Registration Statement on Form SB-2, filed on June 7, 2001).

(4)	Instruments Defining the Rights of Holders, including Indentures

4.1	Specimen Stock Certificate (incorporated by reference from our Registration Statement on Form SB-2, filed on June 7, 2001).

(10)	Material Contracts

10.1	Participation Agreement: Coalinga Nose Prospect dated January 1, 2001 (incorporated by reference from our Registration Statement on Form SB-2, filed on June 7, 2001).

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10.2	Cash Call No. 2 dated May 1, 2001 (incorporated by reference from our Registration Statement on Form SB-2, filed on June 7, 2001).

10.3	Assignment Agreement dated May 4, 2001 (incorporated by reference from our Registration Statement on Form SB-2, filed on June 7, 2001).

(31)	Section 302 Certifications

31.1	Section 302 Certification.

31.2	Section 302 Certification.

(32)	Section 906 Certification

32.1	Section 906 Certification.

(99)	Additional Exhibits

99.1	Subscription Agreement (incorporated by reference from our Registration Statement on Form SB-2, filed on June 7, 2001).

Reports on Form 8-K

None.

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SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

GEOCOM RESOURCES INC.

|Date: November 19, 2003 | /s/ John Hiner_______________________                            
|----------------------- | -----------------------------------------------------------------
|                        | John Hiner, President and CEO
(Principal Executive Officer)      
|                       
|Date: November 13, 2003 | /s/ Paul Chung_______________________                            
|                        | Paul Chung, Chief Financial Officer
(Principal Financial Officer)
|                       
|Date: November 19, 2003 | /s/ Andrew Stewart___________________                            
|                        | Andrew Stewart
Director                                          
|                       
|Date: November 19, 2003 | /s/ Talal Yassin_______________________                          
|                        | Talal Yassin
Director                                            
|