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<PAGE>

                     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 May 31, 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    (x)            No ( )



The number of shares of Common Stock, $.05 par value, outstanding as
of May 31, 2000, was 7,828,748.



DOCUMENTS INCORPORATED BY REFERENCE:  NONE

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














*****************************************************************************
Document page 1 of 8
<PAGE>
SILVER  BUTTE  MINING  COMPANY
FORM  10-QSB  QUARTERLY  REPORT
May  31,  2000



INDEX

                                                                   Page
                                                                  Number

Part  I - FINANCIAL  INFORMATION

Item  1.  Condensed  Financial  Statements

     Balance Sheets, May 31, 2000, and August 31, 1999               3

     Income statements for the three months and nine months
          ended  May  31,  2000,  and  1999                          4

     Cash Flow Statements for the nine months ended May  31, 2000,
          and 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
































Document page 2 of 8
<PAGE>
SILVER BUTTE MINING COMPANY
CONDENSED BALANCE SHEETS
May 31, 2000 and August 31, 1999

<TABLE>
                                                May 31,         August 31,
                                                 2000              1999
                                             ____________      ____________

<C>                                          <S>               <S>
ASSETS

CURRENT ASSETS
     Cash and cash equivalents               $       506       $     1,893
     Certificate of deposit for State lease        5,000             5,000
     Marketable securities                        64,843            64,521
     Accounts receivable                               0               829
     Prepaid expenses                                  0               667
                                             ____________      ____________

         TOTAL CURRENT ASSETS                     70,349            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                                 $    73,349       $    75,910
                                             ============      ============

LIABILITIES AND SHAREHOLDERS' EQUITY

CURRENT LIABILITIES

   Accounts payable                          $     1,400       $     2,283
                                             ____________      ____________

         TOTAL CURRENT LIABILITIES                 1,400             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                        (712,441)         (710,763)

                                             ____________      ____________

         TOTAL SHAREHOLDERS' EQUITY               71,949            73,627
                                             ____________      ____________

TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY   $    73,349       $    75,910
                                             ============      ============

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

Document page 3 of 8
<PAGE>
SILVER BUTTE MINING COMPANY
CONDENSED INCOME STATEMENTS
For the Three and Nine Months Ended May 31, 2000 and 1999


</TABLE>
<TABLE>
                             Three Months Ended         Nine Months Ended
                        __________________________ __________________________
                           May 31,      May 31,         May 31,       May 31,
                            2000         1999            2000          1999
                        ____________  ____________   ____________  __________
<S>                     <C>           <C>            <C>           <C>
REVENUES
  Dividend income       $       750   $       831    $     2,322   $     2,437
  Interest income                47            74            181           233
  Rock sales                    -             -              -             504
  Misc. other income            -              70            -             117
                        ____________  ____________   ____________  ____________

       Total Revenues           797           975          2,503         3,291
                        ____________  ____________   ____________  ____________


EXPENSES
  Wages and other
    Compensation                -            (918)           985         3,810
  Professional
    Services                     85           173          1,231         1,143
  Rent & royalties              175           175            875           646
  Office expense                 21            79             96           234
  Taxes and
    Insurance                   -             -               49         1,044
  Miscellaneous                 767            94            945           848
                        ____________  ____________   ____________  ____________

        Total Expenses        1,048          (397)         4,181         7,725
                        ____________  ____________   ____________  ____________

INCOME (LOSS) BEFORE           (251)        1,372         (1,678)       (4,434)
  INCOME TAXES

INCOME TAXES                    -             -              -             -
                        ____________  ____________   ____________  ____________

NET INCOME (LOSS)       $      (251)  $     1,372    $    (1,678)  $    (4,434)
                        ============  ============   ============  ============

Income (Loss) per Share
  Of Common Stock
  Outstanding           $    NIL      $    0.0002    $   (0.0002)  $   (0.0006)
                        ============  ============   ============  ============

Weighted Average Number
  Of Common Shares
  Outstanding             7,828,748     7,828,748      7,828,748     7,828,748
                        ============  ============   ============  ============

</TABLE>

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

Document page 4 of 8
                                        4
<PAGE>
SILVER BUTTE MINING COMPANY
CONDENSED STATEMENTS OF CASH FLOWS
For the Nine Months Ended May 31, 2000 and 1999

<TABLE>

                                                    Nine Months Ended
                                             ______________________________
                                               May 31,            May 31,
                                                 2000              1999
                                             ____________      ____________


<C>                                          <S>               <S>

CASH FLOWS FROM OPERATING ACTIVITIES

  Net Loss                                   $    (1,678)      $    (4,434)
  Adjustments to reconcile net loss
    to net cash used in operating
    activities:
      Decrease in payables                          (884)             (880)
      Increase in prepaid expenses                   667              (156)
      Decrease in receivables                        830               260
                                             ____________      ____________
           Net cash used in
             operating activities                 (1,065)           (5,210)
                                             ____________      ____________

CASH FLOWS FROM INVESTING ACTIVITIES

      Dividends received and reinvested
        in marketable securities                   2,000
      Marketable Securities redeemed               (2322)            6,563
                                             ____________      ____________
           Net cash provided by (used in)
              investing activities                 (2322)            6,563
                                             ____________      ____________

NET INCREASE (DECREASE) IN
   CASH AND CASH EQUIVALENTS                      (1,387)            1,353

Cash and Cash Equivalents at Beginning
  of Period                                        1,893               480
                                             ____________      ____________

Cash and Cash Equivalents at End of Period   $       506       $     1,833
                                             ============      ============

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


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


</TABLE>

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

Document page 5 of 8
<PAGE>

SILVER  BUTTE  MINING  COMPANY
NOTES  TO  CONDENSED  FINANCIAL  STATEMENTS
May  31,  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  May  31,  2000,  and  the
results  of  operations  for  the  three  and  nine  months  ended  May
31,  2000  and  1999,  and  cash  flows  for  the  nine  months  ended  May
31,  2000  and  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
that  are  presented  with  Form  10-KSB.

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  abandoned  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.

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.













Document page 6 of 8
<PAGE>
SILVER  BUTTE  MINING  COMPANY
FORM  10-QSB  QUARTERLY  REPORT
May  31,  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 a majority of 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
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  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  decreased  slightly for
the  quarter ended  May  31,  2000,  compared  to  the  quarter ended May 31,
1999.  Interest income decreased slightly for the nine months ended May  31,
2000 compared  to  the  same  period ended  May  31,  1999.  There were no rock
sales  during  the third  quarters  ended  May  31,  2000  as compared to $504
the previous year to date.

Expenses.  Wages  and  other  compensation were reported  as  a  negative
$918  during  the  quarter  ended  May  31,  1999,


        Total expenses for the periods involved were

                        Three months                        Nine months
                5-31-2000        5-31-1999          5-31-2000        5-31-1999

                 $1,048            $(397)             $4,181          $7,725














Document page 7 of 8
<PAGE>
SILVER  BUTTE  MINING  COMPANY
FORM  10-QSB  QUARTERLY  REPORT
May  31,  2000




Financial  Position.  There  was  an increase  in  marketable  securities
of  $322  at  May  31,  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.  There  were  no  other  remarkable  changes  in  financial
position during  the  third  quarter,  other  than  a  reduction  in
accounts payable.

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

Cash  Flows.  Cash  and  cash  equivalents  decreased  $1,387  during
the  nine  months  ended  May  31,  2000.  The  net  loss  from
operations  was  funded  by  the  sale  of  marketable  securities  as
discussed  above.  The  Company  has  no  plans  for  capital
expenditures  that  will  require  significant  amounts  of  cash.




SIGNATURE


     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.



SILVER  BUTTE  MINING  COMPANY



     Date     August  29,  2000         /s/  Robert Evans
                                      --------------------------------------
                                       Robert Evans
                                       (Principal  Accounting  Officer)