SECURITIES AND EXCHANGE COMMISSION
                                 Washington, DC




                                    FORM 8-K




                                 CURRENT REPORT

                       Pursuant to Section 13 or 15(d) of
                       The Securities Exchange Act of 1934




                         Date of Report: OCTOBER 8, 1998




                        GOLDEN EAGLE INTERNATIONAL, INC.
              ----------------------------------------------------
             (Exact name of registrant as specified in its charter)




   Colorado                         0-23726                    84-1116515
   --------                         -------                    ----------
(State of other                   (Commission                 (IRS Employer
jurisdiction of                  File Number)              Identification No.)
incorporation)




          4949 South Syracuse Street, Suite 300, Denver, Colorado 80237
          -------------------------------------------------------------
               (Address of principal executive offices) (Zip Code)




       Registrant's telephone number, including area code: (303) 694-6101
                                                            -------------

<PAGE>


Item 5. Other Events
        ------------

     On October 7, 1998,  Golden  Eagle  International,  Inc.  ("Golden  Eagle")
entered into a consulting  agreement with Behre Dolbear & Company,  Inc. ("BDC")
of  Denver,  Colorado,  an  internationally-known  consultant  to  the  minerals
industry.  BDC agreed to make a site visit to Golden Eagle's  Cangalli,  Bolivia
prospect and perform work necessary to determine the extent of mineralization at
the prospect,  geologically  evaluate  areas of the prospect  and,  based on the
results of the  foregoing  work,  generate  a plan of work to  develop  mineable
resources on the Cangalli  property.  Golden Eagle has  previously  reported the
results of work by other consultants,  but concluded that the techniques used by
the other consultants were insufficient to justify the calculations made.

     Golden Eagle has advanced funds to BDC to accomplish the work identified in
its letter agreement, and Golden Eagle expects that the work may be accomplished
within the next 6-8 weeks.  Any mining  work is subject to delays as a result of
unforeseen events,  weather, and other factors beyond the control of the Company
and its  consultants;  thus any report to Golden Eagle may be delayed beyond the
estimated  time period.  Golden Eagle expects to announce the results of the BDC
work as soon as they are available and have been confirmed by management.

     Golden Eagle has obtained  loans from  unaffiliated  investors and has used
the  proceeds of the loans to finance the  proposed  work by BDC, as well as for
its working capital.  Golden Eagle is still  endeavoring to bring its reports to
the Securities and Exchange  Commission  current through September 30, 1998, and
hopes to be able to  complete  this  work  within  the next two to three  weeks.
Again,  Golden  Eagle's  ability to complete its reports is dependent on certain
factors (such as the  availability of information from  non-affiliated  persons)
which are not within its  control,  and these  factors may  necessitate  further
delays. Management is also continuing to address issues raised by the Securities
and Exchange  Commission in the civil action it filed against  Golden Eagle (SEC
vs. Golden Eagle International, Inc., No. 98-Z-1020 [D. Colo.]).

     As noted, the future conduct of business of the Company and its response to
issues raised by third parties are dependent upon a number of factors, and there
can be no assurance  that Golden Eagle will be able to conduct its operations as
contemplated. Certain statements contained in this report using the terms "may,"
"expects to," and other terms denoting future possibilities, are forward-looking
statements.  The accuracy of these  statements  cannot be guaranteed as they are
subject to a variety of risks which are beyond the Company's  ability to predict
or control  and which may cause  actual  results to differ  materially  from the
projections or estimates  contained  herein.  These risks  include,  but are not
limited  to, the risks  described  above,  and the other risks  associated  with
start-up mineral  exploration  operations,  and the operations of a company with
insufficient  liquidity and no historical  profitability.  It is important  that
each person reviewing this report understands the significant risks attendant to
the operations of the Company and its subsidiaries. As noted, the future conduct
of the business of the Company and its  subsidiaries  is dependent upon a number
of factors,  and there can be no assurance  that any of these  companies will be
able to conduct its operations as contemplated herein. The Company disclaims any
obligation to update any forward-looking statement made herein.

                                       2

<PAGE>



                                   SIGNATURES

     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.



Date:  October 8, 1998                       Golden Eagle International, Inc.




                                             By:    /s/ Terry C. Turner
                                                    ----------------------------
                                                    Terry C. Turner, President


                                       3
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SECURITIES AND EXCHANGE COMMISSION
                                 Washington, DC

                                    FORM 8-K

                                 CURRENT REPORT

                       Pursuant to Section 13 or 15(d) of
                       The Securities Exchange Act of 1934

                         Date of Report: OCTOBER 8, 1998

                        GOLDEN EAGLE INTERNATIONAL, INC.
              ----------------------------------------------------
             (Exact name of registrant as specified in its charter)

   Colorado                         0-23726                    84-1116515
   --------                         -------                    ----------
(State of other                   (Commission                 (IRS Employer
jurisdiction of                  File Number)              Identification No.)
incorporation)

          4949 South Syracuse Street, Suite 300, Denver, Colorado 80237
          -------------------------------------------------------------
               (Address of principal executive offices) (Zip Code)

       Registrant's telephone number, including area code: (303) 694-6101
                                                            -------------
Item 5. Other Events
        ------------

     On October 7, 1998,  Golden  Eagle  International,  Inc.  ("Golden  Eagle")
entered into a consulting  agreement with Behre Dolbear & Company,  Inc. ("BDC")
of  Denver,  Colorado,  an  internationally-known  consultant  to  the  minerals
industry.  BDC agreed to make a site visit to Golden Eagle's  Cangalli,  Bolivia
prospect and perform work necessary to determine the extent of mineralization at
the prospect,  geologically  evaluate  areas of the prospect  and,  based on the
results of the  foregoing  work,  generate  a plan of work to  develop  mineable
resources on the Cangalli  property.  Golden Eagle has  previously  reported the
results of work by other consultants,  but concluded that the techniques used by
the other consultants were insufficient to justify the calculations made.

     Golden Eagle has advanced funds to BDC to accomplish the work identified in
its letter agreement, and Golden Eagle expects that the work may be accomplished
within the next 6-8 weeks.  Any mining  work is subject to delays as a result of
unforeseen events,  weather, and other factors beyond the control of the Company
and its  consultants;  thus any report to Golden Eagle may be delayed beyond the
estimated  time period.  Golden Eagle expects to announce the results of the BDC
work as soon as they are available and have been confirmed by management.

     Golden Eagle has obtained  loans from  unaffiliated  investors and has used
the  proceeds of the loans to finance the  proposed  work by BDC, as well as for
its working capital.  Golden Eagle is still  endeavoring to bring its reports to
the Securities and Exchange  Commission  current through September 30, 1998, and
hopes to be able to  complete  this  work  within  the next two to three  weeks.
Again,  Golden  Eagle's  ability to complete its reports is dependent on certain
factors (such as the  availability of information from  non-affiliated  persons)
which are not within its  control,  and these  factors may  necessitate  further
delays. Management is also continuing to address issues raised by the Securities
and Exchange  Commission in the civil action it filed against  Golden Eagle (SEC
vs. Golden Eagle International, Inc., No. 98-Z-1020 [D. Colo.]).

     As noted, the future conduct of business of the Company and its response to
issues raised by third parties are dependent upon a number of factors, and there
can be no assurance  that Golden Eagle will be able to conduct its operations as
contemplated. Certain statements contained in this report using the terms "may,"
"expects to," and other terms denoting future possibilities, are forward-looking
statements.  The accuracy of these  statements  cannot be guaranteed as they are
subject to a variety of risks which are beyond the Company's  ability to predict
or control  and which may cause  actual  results to differ  materially  from the
projections or estimates  contained  herein.  These risks  include,  but are not
limited  to, the risks  described  above,  and the other risks  associated  with
start-up mineral  exploration  operations,  and the operations of a company with
insufficient  liquidity and no historical  profitability.  It is important  that
each person reviewing this report understands the significant risks attendant to
the operations of the Company and its subsidiaries. As noted, the future conduct
of the business of the Company and its  subsidiaries  is dependent upon a number
of factors,  and there can be no assurance  that any of these  companies will be
able to conduct its operations as contemplated herein. The Company disclaims any
obligation to update any forward-looking statement made herein.

                                       2
SIGNATURES

     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.

Date:  October 8, 1998                       Golden Eagle International, Inc.

                                             By:    /s/ Terry C. Turner
                                                    ----------------------------
                                                    Terry C. Turner, President

                                       3