UNITED STATES

                     SECURITIES AND EXCHANGE COMMISSION

                           Washington, D.C. 20549

                                 FORM 10-QSB

Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange
Act of 1934

For the quarterly period ended         September 30, 1997

Commission file Number          0-20193

                       AMERICOMM RESOURCES CORPORATION
           (Exact name of registrant as specified in its charter)

           Delaware                               73-1238709
(State or other jurisdiction of               (I.R.S. Employer
incorporation or organization)                Identification No.)

9 E. 4th Street, Suite 305, Tulsa, Oklahoma       74103-5109
(Address of principal executive offices)          (Zip Code)

Registrant's telephone number, including area code:  (918) 587-0096

     Indicate by check mark whether the registrant (1) has 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 [ ]

     Indicate the number of shares outstanding of each of the issuer's
classes of common stock, as of the latest practical date:
   
     Common Stock, $.001 Par Value - 11,204,592 shares as of June 30, 1997.
    
<PAGE>
<TABLE>

                       PART I. - FINANCIAL INFORMATION

                       AMERICOMM RESOURCES CORPORATION

                                BALANCE SHEET


(Amounts in thousands, except per share data)
<CAPTION>
                                                 September 30, 1997
                                                   ______________

<S>                                                <C>
ASSETS
Current assets
   Cash and cash equivalents                       $       19,167
   Prepaid expenses                                             0
                                                   ______________
Total Current Assets                               $       19,167
Investments in prospects                                  829,113
                                                   ______________
TOTAL ASSETS                                       $      848,280
</TABLE>
<TABLE>

<CAPTION>
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY)
<S>                                                <C>
Current liabilities
   Accounts payable                                $            0
   Notes payable - related party                           20,000     
   Accruals                                                   (67)
   Deferred payment proceeds                               50,000
                                                   ______________
Total Current Liabilities                          $       69,933  

Stockholders' equity (deficiency)
   Common stock, $.001 par value;
     authorized 50,000,000 shares
     11,204,724 shares issued, of
     which 132 shares are held in
     treasury                                              11,204
   Capital in excess of par value                       1,260,538
   Deficit accumulated during the
     development stage                                   (493,395)
                                                   ______________
Total Stockholders' Equity                         $      778,347

TOTAL LIABILITIES AND STOCKHOLDERS'
EQUITY (DEFICIENCY)                                $      848,280
<FN>
See accountants' report and accompanying notes to financial statements
</TABLE>

<PAGE>
<TABLE>
                       AMERICOMM RESOURCES CORPORATION

                            STATEMENT OF INCOME

                            FOR THE THREE MONTHS

                               AND NINE MONTHS

                      ENDED SEPTEMBER 30, 1997 AND 1996

(Amounts in thousands, except per share data)
<CAPTION>
                            Three Months  Three Months   Nine Mos.   Nine Mos.
                                   Ended         Ended       Ended       Ended
                               Sept. 30,     Sept. 30,   Sept. 30,   Sept. 30, 
                                    1997          1996        1997        1996
                            ____________  ____________  __________  __________
<S>                         <C>           <C>           <C>         <C>  
Revenues
   Income                   $          0  $          0  $        0  $        0
   Interest income                     0           721         407       4,865
   Miscellaneous income                0             0           0       5,806            
                            ____________  ____________  __________  __________
Total Income                           0           721         407      10,671           
                            ____________  ____________  __________  __________

Costs and expenses
   General & administrative
     expenses                     12,371        19,792      45,308      67,282      
   Abandoned prospects                 0             0           0       5,979           
   Interest expense                    0             0           0           0
                            ____________  ____________  __________  __________
Total Costs and Expenses          12,371        19,792      45,308      73,261      
                            ____________  ____________  __________  __________

Net Income (Loss)           $    (12,371) $    (19,071) $  (44,901) $  (62,590) 

Net Income (Loss)
   per common share         $          0  $          0

Weighted average number of
   common shares outstanding  11,204,592    11,204,724
<FN>
See accountants' report and accompanying notes to financial statements
</TABLE>

<PAGE>
<TABLE>
                       AMERICOMM RESOURCES CORPORATION

                           STATEMENT OF CASH FLOWS

                            FOR THE THREE MONTHS
 
                               AND NINE MONTHS

                      ENDED SEPTEMBER 30, 1997 AND 1996

(Amounts in thousands)
<CAPTION>
                              Three Months  Three Months   Nine Mos.  Nine Mos.
                                     Ended         Ended       Ended      Ended
                                 Sept. 30,     Sept. 30,   Sept. 30,  Sept. 30,
                                      1997          1996        1997       1996
                              ____________  ____________  __________  _________
<S>                           <C>           <C>           <C>         <C>
Cash Flow From Operating
Activities
  Operations
  Net income (loss)           $    (12,371) $    (19,071) $  (44,901) $ (62,590) 
   Plus adjustments to reconcile
   net income to net cash flows
   from operating activities
   Abandoned prospects                   0             0           0      5,979               
  Changes in operating assets
   and liabilities
   Increase(Decrease)in accounts
     payable                             0             0     (11,574)         0
   Increase(Decrease)in prepaid
     expenses                            0             0         350          0  
   Accruals                              0             0         (67)      (357)      
   Deferred payment proceeds             0             0      50,000          0
   Treasury Stock                        0            (8)          0       (  8)
                               ___________  ____________  __________  _________
  Net cash provided (used)
   by operating activities         (12,371)      (19,079)     (6,192)   (56,976)    

Cash Flows From Investing 
Activities
  Cash payments for investments 
   in prospects                    (15,750)      (55,788)    (23,952)  (153,846)  
                               ___________  ____________  __________  _________
  Net cash provided (used)
   by investing activities         (15,750)      (55,788)    (23,952)  (153,846)  
                               ___________  ____________  __________  _________

Cash Flows From Financing 
Activities
  Proceeds from issuance of 
   common stock                          0             0           0          0 
  Proceeds from note payable-
   related party                    20,000             0      20,000          0
  Repayment of note payable-   
   related party                         0             0           0          0
                              ____________  ____________  __________  _________

Net Cash provided (used) 
  by financing activities           20,000             0      20,000          0
                              ____________  ____________  __________  _________ 

Net Increase(Decrease) in
  Cash and Cash Equivalents         (8,121)      (74,867)    (10,144)  (210,822)

Cash and Cash Equivalents,
  beginning of quarter              27,288       124,752      29,311    260,707       
                              ____________  ____________  __________  _________

Cash and Cash Equivalents,
  end of quarter              $     19,167  $     49,885  $   19,167  $  49,885    
<FN>
See accountants' report and accompanying notes to financial statements
</TABLE>

<PAGE>
                       AMERICOMM RESOURCES CORPORATION

                        NOTES TO FINANCIAL STATEMENTS

                             SEPTEMBER 30, 1997

Note 1.  Basis of Presentation

     In the opinion of management the accompanying unaudited financial
statements contain all adjustments, all of which were of a normal recurring
nature, necessary to summarize fairly the Registrant's financial position
and results of operations.  The results of operations for the nine months
ended September 30, 1997 may not be indicative of the results that may be 
expected for the year ending December 31, 1997.  These statements should
be read in conjunction with the financial statements and notes thereto
included in the Registrant's Form 10-KSB for its fiscal year ended
December 31, 1996.

Note 2.  Summary of Significant Accounting Policies

     Mining and oil and gas properties - The Company uses the successful
efforts method of accounting for its mining activities.  Costs incurred
are deferred until exploration and completion results are evaluated.
At such time, costs of activities with economically recoverable reserves
are capitalized as proven properties, and costs of unsuccessful or
uneconomical development work are expensed.

     Cash and cash equivalents - The Company defines cash and cash
equivalents to be cash on hand, cash in checking accounts, certificates
of deposit, cash in money market accounts and certain investments with
maturities of three months or less from the date of purchase.

Note 3.  Income Taxes

     As of December 31, 1996, the Company has tax net operating loss
carryforwards totaling approximately $422,000.  If not used, these
carryforwards will expire in the years 2000 to 2009.

<PAGE>

                       AMERICOMM RESOURCES CORPORATION

                              PLAN OF OPERATION

     In December 1996, the Registrant and Echo Bay Exploration Inc.
("Echo Bay") entered into a Heads of Agreement (the "Agreement") which grants
Echo Bay the right to earn an undivided fifty-one percent (51%) interest in
the Jessup Property at any time during a five (5) year period by (i)
expending Two Million Dollars ($2,000,000) over the five-year period on or
for the direct benefit of the Jessup Property and (ii) making cash payments
to the Registrant over a five-year period totaling Seven Hundred Fifty
Thousand Dollars ($750,000).  Echo Bay paid the first $50,000 of the cash
payment, conducted the work program for the first year and, under the terms 
of the Agreement, is obligated to maintain liability insurance and pay all 
federal claim rental fees, payments and obligations required to maintain the 
leases and unpatented claims comprising the Jessup Property while the 
Agreement is in full force and effect.  Echo Bay has informally advised the
Registrant that it intends to continue the work program for another year.
In such event, under the terms of the Agreement an additional cash payment of
$100,000 is payable to the Registrant on or before December 1, 1997.  If Echo
Bay elects to continue the work program in future years, additional cash 
payments of $150,000, $200,000 and $250,000 are payable to the Registrant on 
or before December 1st of each year thereafter.  As Echo Bay may terminate 
the Agreement at any time without further obligation to the Registrant, no 
assurance can be given that these payments will be made.  Reference is made 
to the Registrant's Annual Report on Form 10-KSB for the year ended December 
31, 1996 for a more particular description of the Agreement.

     On September 23, 1997 the Registrant borrowed $20,000 for a period of 
one year from the Albert E. Whitehead Living Trust pursuant to a 6% 
Convertible Note due September 23, 1998 issued to such trust to evidence 
such indebtedness, which note is convertible, at the option of the holder 
thereof, into shares of Common Stock of the Corporation at a purchase price 
of $0.15 per share.  Proceeds of this note are expected to be used to fund 
the Registrant's operating expenses and commitments over the next four 
months.  If Echo Bay elects to terminate the Agreement and does not pay the 
Registrant $100,000 on December 1, 1997 the Registrant will be required to 
raise additional capital to fund its operations and to conduct its exploration 
activities.  If Echo Bay elects to continue the work program and makes the 
payment due on December 1, 1997, the Registrant may elect to raise additional 
capital.  Additional capital may be raised through debt or equity offerings, 
encumbering properties or entering into arrangements whereby certain costs of 
exploration will be paid by others to earn an interest in the properties.  
There can be no assurance that additional capital will be available on 
economically acceptable terms, if at all.

     Exploration for mineral resources, such as gold, is highly
speculative and involves greater risks than many other businesses.
Mineral exploration is frequently marked by unprofitable efforts,
not only from unproductive prospects, but also from producing
prospects which do not produce sufficient amounts to return a
profit on the amount expended.  Accordingly, there can be no
assurance that the Registrant will be able to discover, develop
or produce sufficient reserves to recover the expenses incurred
in connection with the exploration of its properties, to fund
additional exploration or to achieve profitability.

     The Registrant does not expect any significant change in the
number of its employees during 1996.  It will employ part-time
or temporary persons and consultants in situations where special
expertise is required.
<PAGE>

                         PART II - OTHER INFORMATION


Item #5  Other Information

In August 1997 the Registrant acquired a 100 percent interest in twenty (20)
gold mining claims in Powell County, Montana by a Quitclaim Deed from North
Lily Mining Company and a payment of Two Thousand Dollars ($2,000.00) to
North Lily and an assignment of a three percent (3%) net smelter run (NSR)
interest in any production from the property, to North Lily.  This is the
Registrant's Gold Creek Prospect (a.k.a. Pioneer Project) in which it 
previously held a 3% net smelter run (NSR) non-participating royalty interest
with North Lily.

Item #6  Exhibits and Reports on Form 8-K

         a.  Exhibits - NONE

         b.  Reports on Form 8-K - The Registrant has not filed, during 
             the quarter for which this report is filed, a Form 8-K.
        
         c.  27-Financial Data Schedule

<PAGE>

                       AMERICOMM RESOURCES CORPORATION

                                 SIGNATURES

     In accordance with the requirements of the Securities Exchange Act of
1934, the Registrant caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.


                                      AMERICOMM RESOURCES CORPORATION
                                      Registrant

November 14, 1997                     Thomas R. Bradley
Date                                  Thomas R. Bradley
                                      President & CEO

November 14, 1997                     Thomas R. Bradley
Date                                  Thomas R. Bradley
                                      Principal Financial and Accounting
                                        Officer