SECURITIES  AND  EXCHANGE  COMMISSION

Washington,  D.C.  20549



FORM  10-QSB



[ X ]  QUARTERLY REPORT PURSUANT TO  SECTION 13 OR 15(d) OF THE SECURITIES

EXCHANGE  ACT  OF  1934



For  the  quarterly  period  ended  June 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                          (I.R.S.  Employer

of  incorporation  or  organization)                     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)























<PAGE>

THUNDER  MOUNTAIN  GOLD,  INC.

FORM  10-QSB

FOR  THE  QUARTERLY  PERIOD  ENDED  JUNE 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 June 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:  August 14,  2003

E.  James  Collord

President  and  Director

Chief  Executive  Officer



By: /s/ Robin S. McRae

-----------------------------------             Date:  August 14,  2003

Robin  S.  McRae

Secretary/Treasurer  and

Director  and  Chief  Financial

Accounting  Officer