SECURITIES AND EXCHANGE COMMISSION
                        Washington, D.C.  20549

                                FORM 10-QSB

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

             For the quarterly period ended February 29,2000

                  Commission File Number:    001-05970

                         SILVER BUTTE MINING COMPANY
            (Exact name of registrant as specified in its charter)

                  IDAHO                            82-0263301
 (State or other jurisdiction of            (I.R.S. Employer
   Incorporation or organization) Identification Number)


            520 Cedar Street, Sandpoint, ID                   83864
       (Address of Principal Executive Offices)             (Zip Code)

                             (208) 263-5154
          Registrant's telephone number, including area code


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 registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.

                 Yes    ( )            No (X)This report is being filed 45 days
                                        late due to change of accountants


The number of shares of Common Stock, $.05 par value, outstanding as
of February 29,2000, was 7,828,748.



DOCUMENTS INCORPORATED BY REFERENCE:  NONE

Transitional Small Business Disclosure Format (Check One):  Yes ( ) No (X)









<page>
SILVER  BUTTE  MINING  COMPANY
FORM  10-QSB  QUARTERLY  REPORT
February 29,2000



INDEX

                                                                   Page
                                                                  Number

Part  I - FINANCIAL  INFORMATION

Item  1.  Condensed  Financial  Statements

     Balance Sheets, February 29,2000, and August 31, 1999          3

     Income statements for the three months
          ended February 29, 2000, and February 28, 1999            4

     Cash Flow Statements for the three months ended
          February 29,2000 and February 29, 1999                    5

     Notes  to  Condensed  Financial  Statements                    6

Item  2.  Management's  Discussion  and  Analysis  of
          Financial  Condition  and  Results  of  Operations        7

Signature  Page                                                     8



























<page>
SILVER BUTTE MINING COMPANY
CONDENSED BALANCE SHEETS
February 29,2000 and August 31, 1999


                                             February 29,        August 31,
                                                 2000              1999
                                             ____________      ____________
ASSETS
CURRENT ASSETS
     Cash and cash equivalents               $       553       $     1,893
     Certificate of deposit for State lease        5,000             5,000
     Marketable securities                        64,093            64,521
     Accounts receivable                             829               829
     Prepaid expenses                                492               667
                                             ____________      ____________

         TOTAL CURRENT ASSETS                     70,967            72,910

PROPERTY, PLANT & EQUIPMENT
     Properties                                    3,000             3,000
     Equipment and machinery                      19,704            19,704
     Accumulated depreciation                    (19,704)          (19,704)
                                             ____________      ____________
                                                   3,000             3,000
                                             ____________      ____________

TOTAL ASSETS                                 $    73,967       $    75,910
                                             ============      ============

LIABILITIES AND SHAREHOLDERS' EQUITY

CURRENT LIABILITIES
   Accounts payable                          $     1,767       $     2,283
                                             ____________      ____________

         TOTAL CURRENT LIABILITIES                 1,767             2,283
                                             ____________      ____________
SHAREHOLDERS' EQUITY
     Common stock, $.05 par value
       authorized 10,000,000 shares,
       issued and outstanding,
       7,828,748 shares                          391,437           391,437
     Additional paid-in capital                  392,953           392,953
     Accumulated deficit                        (712,190)         (710,763)
                                             ____________      ____________

         TOTAL SHAREHOLDERS' EQUITY               72,200            73,627
                                             ____________      ____________

TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY   $    73,967       $    75,910
                                             ============      ============


The accompanying notes are an integral part of these financial statements.

<page>
SILVER BUTTE MINING COMPANY
CONDENSED INCOME STATEMENTS
For the Three and Six Months Ended February 28, 1999 and February 29,2000


                             Three Months Ended           Six Months Ended
                        __________________________   __________________________
                        February 28,  February 29,   February 28,   February
29,
                            1999         2000           1999        2000
                        ____________  ____________   ___________   ___________

REVENUES
  Dividend income       $       707   $       750         1,606        1,572
  Interest income                87            67           159          134
  Rock sales                    -              -            504          -
  Misc. other income             14            -             47            -
                        ____________  ____________ ____________  ___________

       Total Revenues           808           817         2,316        1,706
                        ____________  ____________ ____________  ___________


EXPENSES
  Wages and other
    compensation              2,130           985         4,727        1,034
  Professional
    services                    505         1,026           970        1,135
  Taxes and insurance           204            48         1,044            -
  Rent                          204           700           471          875
  Office expense                155            27           155           85
  Miscellaneous                  65            -            754            4
                        ____________  ____________ ____________  ___________

        Total Expenses        3,263         2,786         8,121        3,133
                        ____________  ____________ ____________  ___________

INCOME (LOSS) BEFORE         (2,455)       (1,969)      (5,805)      (1,427)
  INCOME TAXES
INCOME TAXES                    -             -               -            -
                        ____________  ____________ ____________ ____________

NET INCOME (LOSS)       $    (2,455)  $    (1,969) $    (5,805) $    (1,427)
                        ============  ========================= ============

Income (Loss) per Share
  Of Common Stock
  Outstanding           $   (0.0003)  $   (0.0003) $   (0.0007) $    (0.002)
                        ============  ========================= ============
Weighted Average Number
  Of Common Shares
  Outstanding             7,828,748     7,828,748     7,828,748    7,828,748
                        ============  ========================= ============

The accompanying notes are an integral part of these financial statements.

<page>
SILVER BUTTE MINING COMPANY
CONDENSED STATEMENTS OF CASH FLOWS
For the Six Months Ended February 28, 1999 and February 29,2000


                                                   Six Months Ended
                                             ______________________________
                                             February 28,      February 29,
                                                 1999              2000
                                             ____________      ____________


CASH FLOWS FROM OPERATING ACTIVITIES

  Net Income (Loss)                          $    (5,805)      $    (1,427)
  Adjustments to reconcile net income
    (loss) to net cash provided by
    (used in) operating activities:
      Increase in payables                           (41)             (516)
      Decrease in prepaid expenses                  (331)              176
      Decrease in receivables                        263                 1
                                             ____________      ____________
           Net cash provided by (used in)
             operating activities                 (5,914)           (1,766)
                                             ____________      ____________

CASH FLOWS FROM INVESTING ACTIVITIES

      Decrease (increase) in marketable
        securities                                 7,395               426
                                             ____________      ____________
           Net cash provided by (used in)
              investing activities                 7,395               426
                                             ____________      ____________

NET INCREASE (DECREASE) IN
   CASH AND CASH EQUIVALENTS                       1,481            (1,340)

Cash and Cash Equivalents at Beginning
  of Period                                          480             6,893
                                             ____________      ____________

Cash and Cash Equivalents at End of Period   $     1,961       $     5,553
                                             ============      ============

Interest expense paid                        $       -         $       -
                                             ============      ============


Income taxes paid                            $       -         $       -
                                             ============      ============



The accompanying notes are an integral part of these financial statements.

<page>
SILVER  BUTTE  MINING  COMPANY
NOTES  TO  CONDENSED  FINANCIAL  STATEMENTS
February 29,2000

Note  1.     Presentation  of  Interim  Information

The  accompanying unaudited condensed financial statements have been prepared by
Silver  Butte  Mining  Company's  management.  In  management's  opinion,  these
condensed  financial  statements  include   all  normal  adjustments  considered
necessary  to present fairly the financial position as of February 29,2000,  and
the  results of  operations for  the three  months ended  February  29,2000  and
February 28,  1999,and cash  flows for the  three months  ended February 29,2000
and February 28, 1999.   Interim results  are  not   necessarily  indicative  of
results  for  a  full  year.

The  condensed financial statements and notes are presented as permitted by Form
10-QSB, and do not contain certain information that is included in the Company's
annual  financial  statements.

Note  2.     Company  Business

The Company was incorporated under the laws of the State of Idaho on January 19,
1965,  and  was  in  the  exploratory  mining  stage from its inception until it
decided  to  abandon its status as a development stage enterprise by ceasing all
exploration  activities in 1994.  The company's exploration efforts developed no
commercial ore deposits, and all capitalized mining costs were written off.  The
Company  continues  to search for business opportunities in the mining industry,
and  will  also  investigate  opportunities  in other industries.  The Company's
meager  financial  resources severely limit its ability to carry out the type of
exploration  activity  that  it  performed  in  past  years,  and  the Company's
management considers it unlikely that the Company will obtain additional funding
with  which  to  undertake  such  exploration in the future

Note  3.     Commitments  and  Contingencies

The Company sold a seven acre parcel of land in the fiscal year ended August 31,
1996  that  contained  mine  waste rock and mill tailings.  The Company believes
there  is  a remote possibility that this property may require some cleanup, and
an  even more remote possibility that the Company may be required to participate
in the cost of such a cleanup, which the Company's management estimates would be
less  than  $10,000.















<page>
SILVER  BUTTE  MINING  COMPANY
FORM  10-QSB  QUARTERLY  REPORT
February 29, 2000


Item 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF  OPERATION

The  Company  was  a  mining  company engaged in exploration activities from its
inception  in 1965 through 1994.  In 1994, the Company abandoned all exploration
activities, and  is  now seeking other business opportunities in mining or other
industries.  The Company continues  to  hold  and  maintain  the  properties  on
which  it performed its exploration  efforts.  The  Company's  fiscal  year ends
on  August  31.

OVERVIEW

The  Company's  management  determined in 1994 that the Company did not have the
financial  resources  to  continue to explore for a commercial ore deposit after
many  years of unsuccessful efforts.  The Company has performed some reclamation
work  on  its  mining  properties  since  1994, and is soliciting buyers for its
remaining  real  estate  and mining equipment.  The Company is seeking out other
business opportunities.  Management is unaware of any such opportunities at this
time  and  will  disclose  such  opportunities  when  and  if they should arise.

RESULTS  OF  OPERATIONS

REVENUES.  The Company's interest income and dividend income increased slightly
for the quarter ended February 29,2000, compared to the same period ended
February 28, 1999.  Interest income decreased slightly and dividend increased
slightly for the six months ended February 29, 2000, compared to the same
period ended February 28,1999.  This was a result of management's decision to
invest a significant portion of the Company's funds in money market equity
securities during the second quarters ended February 28,1998.  There were no
rock sales during the second quarters ended February 29,2000 or February 28,
1999, because of the seasonal nature of such sales.

EXPENSES.  Professional services were lower in the six months ended February
29, 2000, when compared to the same period for 1998, because management
required fewer services from outside consultants.

FINANCIAL  POSITION.  There was a decrease in marketable securities at February
29,2000, when compared to the balance at August 31, 1999, the previous fiscal
year end.  Securities were sold to provide funds for administrative and
reclamation expenses, and to increase the cash balance at February 29,2000.
The increase in value of securities owned due to dividend received was not high
enough to offset expenditures.

     The company may continue to sell marketable securities, if necessary,
during the balance of the fiscal year to provide cash for operating expenses in
excess of income.





<page>
SILVER  BUTTE  MINING  COMPANY
FORM  10-QSB  QUARTERLY  REPORT
February 29,2000

CASH FLOWS. Cash and cash equivalents decreased slightly during the three months
ended  February 29,2000. The net loss from operations was funded by the sale of
marketable securities as discussed on the previous page.  The Company has no
plans for capital expenditures that will require significant amounts of cash.




SIGNATURE


     In  accordance  with section 13 or 15(d) of the  Exchange  Act,  the
registrant  caused  this  report  to  be  signed  on  its  behalf  by  the
undersigned,  thereunto  duly  authorized.



SILVER  BUTTE  MINING  COMPANY
(Registrant)


     Date: June 29,2000          /s/    /TERRY MCCONNAUGHEY/
                                      --------------------------------------
                                      Terry McConnaughey, President
                                      (Principal  Executive  Officer)