|OMB APPROVAL                                                                                          
|------------------------------------------------------------------------------------------------------
|OMB Number: 3235-0416
Expires: February 28, 2006
Estimated average burden
hours per response    182.00



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, 2003



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:  001-08429



THUNDER MOUNTAIN GOLD, INC.

___________________________________________________________________________________________________

(Exact name of registrant as specified in its charter)



State of Washington

91-1031075



___________________________________________________________________________________________________

(State or other jurisdiction of incorporation or organization)

(I.R.S. Employer Identification No.)



3605  E. 16th Avenue

Spokane,  Washington

99223

___________________________________________________________________________________________________

(Address of principal executive offices)

(Zip Code)



509-535-6092

___________________________________________________________________________________________________

(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 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 at least the past 90 days.         Yes  (x)No  ( )



State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date. 9,727,852



Transitional Small Business Disclosure Format (check one): Yes ( ) No (X)









SEC 2334 (8-03)

Potential persons who are to respond to the collection of information contained in this form are not

required  to  respond unless the  form displays a currently valid OMB control number.



---

THUNDER MOUNTAIN GOLD, INC.

FORM 10-QSB

FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2003



PART I. - FINANCIAL INFORMATION



The Registrant falls within the provisions of Rule 13a-13(c)(2) of the Securities Exchange Act of 1934, as amended, and claims exemption thereunder from the requirement to file Part I.





PART II. - OTHER INFORMATION



ITEM 1   LEGAL PROCEEDINGS

NONE



ITEM 2   CHANGES IN SECURITIES

NONE



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 8K.



(a)

Exhibits



Exhibit 31.1  Certification required by Rule 13a-14(a) or Rule 15d-14(a).



Exhibit 31.2  Certification required by Rule 13a-14(a) or Rule 15d-14(a).



Exhibit 32.1  Certification required by Rule 13a-14(b) or Rule 15d-14(b) and section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350.



Exhibit 32.2  Certification required by Rule 13a-14(b) or Rule 15d-14(b) and section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350.



(b) Reports on Form 8K.  The registrant filed no reports on 8K during the period ended September 30, 2003.

























---



SIGNATURES





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.



THUNDER  MOUNTAIN  GOLD,  INC.

________________________________________________________________________________________________

(Registrant)



By:  /s/ E. James Collord

-----------------------------------             Date:  October 24,  2003

E. James Collord

President and Director

Chief Executive Officer



By: /s/ Robin S. McRae

-----------------------------------             Date:  October 24,  2003

Robin S. McRae

Secretary/Treasurer and

Director and Chief Financial

Accounting Officer