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

                                   FORM 10-QSB

(Mark One)
__X__  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
       SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended September 30, 1997
                               ------------------
                                 OR
_____  TRANSITION   REPORT   PURSUANT   TO   SECTION   13   OR   15(d)  OF   THE
       SECURITIES EXCHANGE  ACT OF 1934
For  the  transition  period  from  ___________________  to  ___________________
Commission file number 0-25658
                      ---------

                             Kalan Gold Corporation
                             ----------------------
             (Exact name of registrant as specified in its charter)

           Colorado                                        84-1357927      
--------------------------------------------------------------------------------
 (State or other jurisdiction of                       (I.R.S. Employer 
  incorporation or organization)                       Identification No.)
  
      Tower I, Suite 340, 12835 E. Arapahoe Road Englewood, Colorado 80112
                    (Address of principal executive offices)

                                 (303) 706-1606
--------------------------------------------------------------------------------
              (Registrant's telephone number, including area code)

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

     Indicate  by check mark  whether the  registrant  (1) has filed all reports
required to be filed by Sections 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 _____

                APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
                  PROCEEDINGS DURING THE PRECEDING FIVE YEARS:
     Indicate by check mark whether the  registrant  has filed all documents and
reports  required  to be filed by  Sections  12, 13, or 15(d) of the  Securities
Exchange Act of 1934 subsequent to the  distribution of securities  under a plan
confirmed by a court.                                         Yes _____ No _____

                      APPLICABLE ONLY TO CORPORATE ISSUERS:
     Indicate the number of shares  outstanding of each of the issuer's  classes
of common stock, as of the latest practicable date.
           7,090,000 common shares outstanding as of November 5, 1997
--------------------------------------------------------------------------------
                      The document is comprised of 9 pages.

<PAGE>


                             Kalan Gold Corporation
                        (a Development Stage Enterprise)

                                      Index

                                                                 Page
Part I   Item 1. Financial Information                           ----

                 Condensed balance sheet as of
                   September 30, 1997 .........................   2

                 Condensed statements of operations,
                   three and nine months ended September 30,
                   1997 and 1996 and January 1, 1993 through
                   September 30, 1997 .........................   3

                 Condensed statements of cash flows,
                   nine months ended September 30, 1997
                   and 1996 and January 1, 1993 through
                   September 30, 1997 .........................   4

                 Notes to condensed financial
                   statements .................................   5

         Item 2. Plan of operation ............................   7

Part II
-------          Other information ............................   8

                 Item 1. Legal Proceedings
                 Item 2. Changes in Securities
                 Item 3. Defaults Upon Senior Securities
                 Item 4. Submission of Matters to a Vote
                           of Security Holders
                 Item 5. Other information
                 Item 6. Exhibits and Reports on Form 8-K


                 Signatures ...................................   9

                                      -1-

<PAGE>


Part I.  Item 1.  Financial information

                             Kalan Gold Corporation
                        (a Development Stage Enterprise)

                             Condensed Balance Sheet

                               September 30, 1997

                                     ASSETS


Cash .................................................. $     1,109
Furniture and equipment ...............................       5,446
Accumulated depreciation ..............................      (1,134)
Mining concession acquisition costs ...................      59,904
                                                        ------------
                                                        $    65,325
                                                        ============

                      LIABILITIES AND SHAREHOLDERS' DEFICIT

LIABILITIES
 Accounts payable and accrued expenses ...............  $    1,414
 Advance from affiliate ..............................      73,026
 Current portion of long-term debt ...................      50,165
 Long-term notes payable .............................      25,654
                                                        -----------
                                     TOTAL LIABILITIES     150,259
                                                        -----------

SHAREHOLDERS' DEFICIT
 Common stock ........................................          71
 Additional paid in capital ................. ........      26,385
 Deficit accumulated during development ..............    (111,390)
                                                        -----------
                           TOTAL SHAREHOLDERS' DEFICIT     (84,934)
                                                        -----------

                                                        $   65,325
                                                        ===========



            See accompanying notes to condensed financial statements.

                                       -2-

<PAGE>

                                              KALAN GOLD CORPORATION
                                        (a Development Stage Enterprise)

                                       Condensed Statements of Operations

<TABLE>
<CAPTION>

                                                                                                     
                                                                                                       January 1,
                                                                                                         1993
                                                     Three months ended        Nine months ended      (Inception)
                                                        September 30,            September 30,          through
                                                  -----------------------  ------------------------  September 30,
                                                      1997        1996         1997        1996          1997
                                                  ----------- -----------  ---------- -------------  -------------

<S>                                               <C>         <C>          <C>         <C>           <C>
COSTS AND EXPENSES
 General and administrative ..................... $   38,761  $   10,733   $  134,292  $    16,038   $   190,254
 Depreciation ...................................        290       -              871         -            1,134
                                                  ----------- -----------  ----------- ------------  ------------
                                   OPERATING LOSS    (39,051)    (10,733)    (135,163)     (16,038)     (191,388)

NONOPERATING INCOME
 Gain on sale of properties .....................        -         -           86,041         -           86,041

INTEREST EXPENSE ................................     (1,209)      -           (3,626)        -           (6,043)
                                                  ----------- -----------  ----------- ------------  ------------

                                         NET LOSS $  (40,260) $  (10,733)  $  (52,748) $   (16,038)  $  (111,390)
                                                  =========== ===========  =========== ============  ============

Weighted average shares outstanding .............  7,090,000   3,347,021    7,069,167    3,347,021     2,616,535
                                                  =========== ===========  =========== ============  ============

Net (loss) per share ............................ $    *      $    *       $    *      $     *       $     (0.04)
                                                  =========== ===========  =========== ============  ============
</TABLE>


*  Less than $.01


            See accompanying notes to condensed financial statements.

                                       -3-

<PAGE>


                             KALAN GOLD CORPORATION
                        (a Development Stage Enterprise)

                       Condensed Statements of Cash Flows


<TABLE>
<CAPTION>
                                                         January 1,
                                                           1993
                                                        (inception)
                                  Nine Months Ended       Through
                                    September 30,      September 30,
                                  1997        1996         1997
                                ---------- -----------  -----------
<S>                             <C>        <C>          <C>
            NET CASH (USED IN)
          OPERATING ACTIVITIES   (134,869)    (15,829)    (188,400)
                                ---------- -----------  -----------

INVESTING ACTIVITIES:
 Purchase of equipment .......          -           -       (5,446)
 Sale of interest in mining
   concessions ...............    145,945           -      145,945
                                ---------- -----------  -----------
          NET CASH PROVIDED BY
          INVESTING ACTIVITIES    145,945           -      140,499
                                ---------- -----------  -----------

FINANCING ACTIVITIES:
 Proceeds from advances from
   affiliate .................     37,000      10,544      127,971
 Repayment of affiliate
   advance ...................    (54,945)          -      (54,945)
 Payments of long-term debt ..          -           -      (30,000)
 Capital contribution ........        750       5,027        4,450
                                ---------- -----------  -----------
NET CASH PROVIDED BY (USED IN)
          FINANCING ACTIVITIES    (17,195)     15,571       47,476
                                ---------- -----------  -----------

NET (DECREASE) IN CASH
 AND CASH EQUIVALENTS.........     (6,119)       (258)        (425)

Cash and cash equivalents,
 beginning of year ...........      7,228         647        1,534
                                ---------- -----------  -----------

CASH AND CASH EQUIVALENTS,
 END OF YEAR ................. $    1,109  $      389   $    1,109
                               =========== ===========  ===========

SUPPLEMENTARY DISCLOSURE OF CASH FLOW INFORMATION:
 Cash paid for:
   Interest .................. $        -  $        -   $        -
   Income taxes .............. $        -  $        -   $        -

NONCASH INVESTING AND FINANCING TRANSACTIONS:
 Common stock issued for
   services .................. $        -  $        -   $       15
</TABLE>


     See accompanying notes to condensed financial statements.

                                -4-

<PAGE>


                             KALAN GOLD CORPORATION
                        (a Development Stage Enterprise)

                     Notes to Condensed Financial Statements

                               September 30, 1997

Note A: Basis of presentation

        The  financial  statements  presented  herein have been  prepared by the
        Company in accordance with the accounting  policies in its annual 10-KSB
        report dated  December 31, 1996 and should be read in  conjunction  with
        the notes thereto.

        In the opinion of management, all adjustments (consisting only of normal
        recurring   adjustments)   which  are   necessary   to  provide  a  fair
        presentation of operating results for the interim periods presented have
        been made.

        Interim financial data presented herein are unaudited.

Note B: Related party transactions

        During the three months ended  September  30, 1997,  an affiliate of the
        Company made short-term cash advances  totalling  $37,000 to the Company
        for working capital purposes.

Note C: Gain on sale of properties

        On February 18, 1997,  the Company  entered into an agreement  with Trio
        Gold Corporation,  an Alberta private corporation  (Trio),  whereby Trio
        purchased a fifty percent ownership  interest in the Ahanta and Esikaman
        mining concessions.  Proceeds from the sale were approximately $145,945.
        Trio also agreed to expend approximately $384,000 on certain exploration
        and  geochemical  work  performed,  by an affiliate of the Company,  and
        future exploration and geochemical work to be performed by Trio, related
        to the two properties.

Note D: Shareholders' deficit

        On November 14, 1996, the  Company  reserved  237,500  shares of  common
        stock  for  issuance  under  a   non-compensatory   stock  option  plan.
        The options allow the officers of the Company to purchase 37,500, 75,000
        and 125,000 shares of common stock at $.02 per share.  The officers were
        vested and the options were exercisable as of the grant date.


                                       -5-

<PAGE>



                             KALAN GOLD CORPORATION
                        (a Development Stage Enterprise)

                     Notes to Condensed Financial Statements

                               September 30, 1997

Note D: Shareholders' deficit, continued

        On May 27, 1997,  an officer paid $750 to exercise his option for 37,500
        shares of the Company's  common  stock,  leaving  200,000  shares of the
        stock option plan outstanding and exercisable at September 30, 1997. The
        remaining stock options expire on November 14, 2001.

Note E: Income taxes

        The Company  records its income taxes in  accordance  with  Statement of
        Financial  Accounting  Standard No. 109,  "Accounting for Income Taxes".
        Continuing net operating  losses during the quarter ended  September 30,
        1997 were offset by an increase to the valuation allowance of $6,039.


                                       -6-

<PAGE>


                             KALAN GOLD CORPORATION
                        (a Development Stage Enterprise)

Part I. Item 2.  Plan of operation

The plan of the Company's  management,  for the next twelve months,  is that the
Company will focus on the gold mining business,  initially,  solely with respect
to the two mining concessions  acquired in 1996. The Company's  management plans
to develop operations in conjunction with their joint venture partner, Trio Gold
Corporation. The Company plans to continue to acquire loans from an affiliate to
finance its development stage operations. Trio is the designated operator of the
gold properties.  Trio is continuing their  geochemistry  program in preparation
for core  drilling.  At September  30, 1997 the Company had three  employees and
does not  anticipate  materially  increasing the number of employees in the next
twelve months.

Financial condition

The sale of certain  mining  concessions as discussed in Note C to the financial
statements,  provided the Company with cash to repay  working  capital  advances
received  from an affiliate and also provided  liquidity for  operations.  There
have been no other material changes to the Company's  financial condition during
the quarter to which this Quarterly Report is filed.

Results of operations

No income  producing  operations were conducted  during the most recent quarter.
Expenses,  since  year end and in the  current  quarter,  consisted  of rent and
office expenses,  salaries,  travel,  postage,  accounting fees,  transfer agent
costs, interest and depreciation.


                                       -7-

<PAGE>


                             KALAN GOLD CORPORATION
                        (a Development Stage Enterprise)


Part II.  Other Information

Item 1.   Legal Proceedings
          not applicable

Item 2.   Changes In Securities
          not applicable

Item 3.   Defaults Upon Senior Securities
          not applicable

Item 4.   Submission Of Matters To A Vote Of Security Holders
          not applicable

Item 5.   Other Information
          not applicable

Item 6.   Exhibits and Reports On Form 8-K
          a) Exhibits
             not applicable
          b) Reports On Form 8-K were filed on:
             not applicable


                                -8-

<PAGE>


                             KALAN GOLD CORPORATION
                        (a Development Stage Enterprise)

                                   SIGNATURES


The  financial   information  furnished  herein  has  not  been  audited  by  an
independent accountant;  however, in the opinion of management,  all adjustments
(only consisting of normal recurring accruals) necessary for a fair presentation
of the results of operations for the three months ended  September 30, 1997 have
been included.

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.





                                     Kalan Gold Corporation
                                     (Registrant)




Date:_____________________        /s/Sandy Altberger
                                     ----------------------------------------
                                     Sandy Altberger
                                     President


                                -9-