SECURITIES AND EXCHANGE COMMISSION
                       Washington, D. C.  20549

                               Form 8-K
Current Report Pursuant to Section 13 or 15(d) of The Securities Act 
of 1934

Date of Report (date of earliest event reported):  May 24, 1996

                      Mallon Resources Corporation
      (exact name of registrant as specified in its charter)

     Colorado             0-17267           84-1095959
(State or other         (Commission      (I.R.S. Employer
jurisdiction            File Number)     Identification No.)
of incorporation)

999 18th Street, Suite 1700, Denver, Colorado     80202
(address of principal executive offices)     (zip code)

Registrant's telephone number, including area code:  (303) 293-2333

                          not applicable
 (former name or former address, if changed since last report)

Item 5.  Other Events

On May 27, 1996, Mallon Resources Corporation (the "Company") issed a 
press release, the text of which was as follows:

Mallon Resources Corporation (Nasdaq:  MLRC) reported that its gold 
mining unit, Laguna Gold Company, has completed a US$5,000,000 private 
financing in Canada.  

Laguna sold 5,000,000 Special Warrants at a price of US$1.00 per 
Special Warrant, for total proceeds of US$5,000,000.  Each Special 
Warrant represents one share of Laguna common stock and a warrant to 
purchase an additional share for US$1.50 at any time on or before 
November 24, 1997.  Following the financing, Mallon's 14.4 million 
shares represent approximately 57% of Laguna's issued and outstanding 
common shares.  As part of the financing, Laguna is obligated to 
register its common stock for trading on the Toronto Stock Exchange, 
as soon as possible.

Laguna is engaged in the exploration for and development of precious 
metals in Costa Rica.  It holds concessions covering approximately 277 
square kilometers, including the Rio Chiquito Deposit, which contains 
diluted proven and probable mineable ore reserves of 3,578,659 tonnes 
with average grades of 1.520 grams of gold and 10.914 grams of silver 
per tonne.  Net proceeds derived from the Special Warrant financing 
are intended to be used to further explore Laguna's mineral 
exploration projects.

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 hereunto duly authorized.

                             Mallon Resources Corporation


June 3, 1996                 __/s/ Roy K. Ross________________
                               Roy K. Ross, Executive Vice President

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SECURITIES AND EXCHANGE COMMISSION
                       Washington, D. C.  20549

                               Form 8-K
Current Report Pursuant to Section 13 or 15(d) of The Securities Act 
of 1934

Date of Report (date of earliest event reported):  May 24, 1996

                      Mallon Resources Corporation
      (exact name of registrant as specified in its charter)

     Colorado             0-17267           84-1095959
(State or other         (Commission      (I.R.S. Employer
jurisdiction            File Number)     Identification No.)
of incorporation)

999 18th Street, Suite 1700, Denver, Colorado     80202
(address of principal executive offices)     (zip code)

Registrant's telephone number, including area code:  (303) 293-2333

                          not applicable
 (former name or former address, if changed since last report)

Item 5.  Other Events

On May 27, 1996, Mallon Resources Corporation (the "Company") issed a 
press release, the text of which was as follows:

Mallon Resources Corporation (Nasdaq:  MLRC) reported that its gold 
mining unit, Laguna Gold Company, has completed a US$5,000,000 private 
financing in Canada.  

Laguna sold 5,000,000 Special Warrants at a price of US$1.00 per 
Special Warrant, for total proceeds of US$5,000,000.  Each Special 
Warrant represents one share of Laguna common stock and a warrant to 
purchase an additional share for US$1.50 at any time on or before 
November 24, 1997.  Following the financing, Mallon's 14.4 million 
shares represent approximately 57% of Laguna's issued and outstanding 
common shares.  As part of the financing, Laguna is obligated to 
register its common stock for trading on the Toronto Stock Exchange, 
as soon as possible.

Laguna is engaged in the exploration for and development of precious 
metals in Costa Rica.  It holds concessions covering approximately 277 
square kilometers, including the Rio Chiquito Deposit, which contains 
diluted proven and probable mineable ore reserves of 3,578,659 tonnes 
with average grades of 1.520 grams of gold and 10.914 grams of silver 
per tonne.  Net proceeds derived from the Special Warrant financing 
are intended to be used to further explore Laguna's mineral 
exploration projects.

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 hereunto duly authorized.

                             Mallon Resources Corporation

June 3, 1996                 __/s/ Roy K. Ross________________
                               Roy K. Ross, Executive Vice President

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