|OMB APPROVAL                                                                                         
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UNITED STATES

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 September 30, 2004



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)



Idaho

91-1031075



(State or other jurisdiction of

(IRS identification No.)

incorporation  or  organization)



|                                                    | With copies to:    
|--------------------------------------------------- | -------------------
|                                                    | E. James Collord   
|3605 E. 16th Avenue                                 | 1239 Parkview Drive
|Spokane,  Washington   99223                        | Elko, Nevada 89801 
|(509) 535-6092                                      | (775) 738-9826     
|(Address of Principal Executive Offices) (Zip 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 shares of Common Stock outstanding as of June 30, 2004.



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, 2004



PART 1.  FINANCIAL INFORMATION



The Registrant fall 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 1.



PART II.  OTHER INFORMATION



Items deleted are not applicable



Item 6. Exhibits and Reports on Form 8k



(a)

Exhibits



31.1  Certification Required by Rule 13a-14(a) or Rule 15d-14(a). Collord

31.2  Certification Required by Rule 13a-14(a) or Rule 15d-14(a). McRae

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

32.1-- Certification required by Rule 13a-14(a)  or Rule 15d-14(b) and section 906 of

the Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350. McRae



(b)

Reports on Form 8K



The Company filed no Forms 8K during the period ended September 30, 2004.  Subsequent to that period the Company filed one Form 8K, Item 5, regarding a press release.



SIGNATURES



Pursuant to the requirements of Section 143 of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf of the undersigned, thereunto duly authorized.



THUNDER MOUNTAIN  GOLD,  INC.



/s/ James Collord

By  __________________________________

E.  James Collord

President, Director and Chief Executive Officer

Date:  November 15, 2004



Pursuant to the requirements of the Securities Act of 1934 this report signed below by the following person on  behalf of the Registrant and in the capacities on the date indicated.



/s/ Robin S. McRae

By  ____________________________________

Robin S.  McRae

Secretary/Treasurer and Director and Chief Financial Accounting Officer

Date:  November 15, 2004