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):  September 3, 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)


                               -1-


Item 5.  Other Events

Mallon Resources Corporation (the "Company") issued two press 
releases, one dated September 3 and one dated September 6, 1996, the 
texts of which were, respectively, as follows:

Mallon Resources Corporation (Nasdaq: "MLRC"), reported today that 
shares of Laguna Gold Company's Common Stock have commenced trading on 
the Canadian Inter-Dealer Network, under the trading symbol "LAGU."  
The Company also reported that Laguna's Common Stock has been 
conditionally approved for listing on The Toronto Stock Exchange under 
the trading symbol "LGC," but that its listing on that exchange will 
not occur before September 12.

Laguna Gold Company is a Denver-based mining company engaged in the 
exploration for and development of precious metals in Costa Rica.  
Mallon's 14.4 million Laguna shares represent approximately 57% of 
Laguna's issued and outstanding common shares.

Mallon's oil and gas operations, located primarily in the western 
United States, are conducted by its wholly-owned subsidiary, Mallon 
Oil Company.  Mallon is headquartered in Denver, Colorado.  Mallon's 
common stock is listed on the Nasdaq National Market System under the 
trading symbol "MLRC."

AND

Mallon Resources Corporation (Nasdaq:  "MLRC") reported that its 
shareholders overwhelmingly approved a 4 to 1 reverse split of the 
Company's Common Stock.  At a Special Meeting of Shareholders, the 
vote was 5,072,805 shares for the reverse split, and 161,352 shares 
against.  The reverse split will be effective at the close of market 
on September 9, 1996, at which time each 4 outstanding shares of the 
Company's Common Stock will be automatically converted into 1 
outstanding share of the Company's Common Stock.

Mallon's oil and gas operations, located primarily in the western 
United States, are conducted by its wholly-owned subsidiary, Mallon 
Oil Company.  Mallon also owns 14.4 million shares of common stock in 
Laguna Gold Company, a company engaged in the exploration for and 
development of gold and silver in Costa Rica.  Laguna common shares 
are traded on the Canadian Inter-Dealer Network under the symbol 
"LAGU", and have been conditionally approved for listing on the 
Toronto Stock Exchange under the symbol "LGC" for approximately 
September 12, 1996.  Mallon is headquartered in Denver, Colorado.  
Mallon's Common Stock is quoted on the Nasdaq National Market under 
the symbol "MLRC."

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


September 9, 1996              ___/s/ Roy Ross______________________
                               Roy K. Ross, Executive Vice President


                                  -2-
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{"company-data": {"conformed-name": "MALLON RESOURCES CORP", "cik": "0000837759", "assigned-sic": "1311", "irs-number": "841095959", "state-of-incorporation": "CO", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-17267", "film-number": "96627869"}, "business-address": {"street1": "999 18TH ST STE 1700", "city": "DENVER", "state": "CO", "zip": "80202", "phone": "3032932333"}, "mail-address": {"street1": "999 18TH STREET", "street2": "STE 1700", "city": "DENVER", "state": "CO", "zip": "80202"}}
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):  September 3, 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)

                               -1-

Item 5.  Other Events

Mallon Resources Corporation (the "Company") issued two press 
releases, one dated September 3 and one dated September 6, 1996, the 
texts of which were, respectively, as follows:

Mallon Resources Corporation (Nasdaq: "MLRC"), reported today that 
shares of Laguna Gold Company's Common Stock have commenced trading on 
the Canadian Inter-Dealer Network, under the trading symbol "LAGU."  
The Company also reported that Laguna's Common Stock has been 
conditionally approved for listing on The Toronto Stock Exchange under 
the trading symbol "LGC," but that its listing on that exchange will 
not occur before September 12.

Laguna Gold Company is a Denver-based mining company engaged in the 
exploration for and development of precious metals in Costa Rica.  
Mallon's 14.4 million Laguna shares represent approximately 57% of 
Laguna's issued and outstanding common shares.

Mallon's oil and gas operations, located primarily in the western 
United States, are conducted by its wholly-owned subsidiary, Mallon 
Oil Company.  Mallon is headquartered in Denver, Colorado.  Mallon's 
common stock is listed on the Nasdaq National Market System under the 
trading symbol "MLRC."

AND

Mallon Resources Corporation (Nasdaq:  "MLRC") reported that its 
shareholders overwhelmingly approved a 4 to 1 reverse split of the 
Company's Common Stock.  At a Special Meeting of Shareholders, the 
vote was 5,072,805 shares for the reverse split, and 161,352 shares 
against.  The reverse split will be effective at the close of market 
on September 9, 1996, at which time each 4 outstanding shares of the 
Company's Common Stock will be automatically converted into 1 
outstanding share of the Company's Common Stock.

Mallon's oil and gas operations, located primarily in the western 
United States, are conducted by its wholly-owned subsidiary, Mallon 
Oil Company.  Mallon also owns 14.4 million shares of common stock in 
Laguna Gold Company, a company engaged in the exploration for and 
development of gold and silver in Costa Rica.  Laguna common shares 
are traded on the Canadian Inter-Dealer Network under the symbol 
"LAGU", and have been conditionally approved for listing on the 
Toronto Stock Exchange under the symbol "LGC" for approximately 
September 12, 1996.  Mallon is headquartered in Denver, Colorado.  
Mallon's Common Stock is quoted on the Nasdaq National Market under 
the symbol "MLRC."

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

September 9, 1996              ___/s/ Roy Ross______________________
                               Roy K. Ross, Executive Vice President

                                  -2-