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

Mallon Resources Corporation (Nasdaq:  MLRC) announces that its gold 
mining unit, Laguna Gold Company, has reported the results of its 
recently completed Phase 2 drilling program conducted on its Rio 
Chiquito Project in Costa Rica.  The program consisted of 27 core 
holes containing an aggregate of 2,890 meters.  The intercept data 
quoted below are based on a 0.5 grams per tonne gold cut-off, and 
independent lab assays.

Laguna reported that the most notable intercepts were in DD-242 and 
DD-246.  DD-242 intercepted 12.5 meters averaging 10.57 grams per 
tonne gold and 6.0 grams per tonne silver, including a 3 meter sample 
at 38.1 grams per tonne gold.  This intercept is about 20 meters below 
the floor of the previously planned pit.  DD-246 intercepted 33.60 
meters of material averaging 8.84 grams per tonne gold and 5.6 grams 
per tonne silver, including a 3.05 meter intercept that measured 58.7 
grams per tonne gold.  This intercept was made approximately 20 meters 
below a previously delineated high-grade intercept.

According to Laguna, the best intercept in the hangingwall area is in 
hole DD-239, which averaged 9.89 grams per tonne gold and 74.8 grams 
per tonne silver over 18.3 meters.  This intercept includes 3.1 meters 
at 36.8 grams per tonne gold.  Three holes were drilled on targets in 
the vicinity of the existing Rio Chiquito pit.  The two holes designed 
to test northerly extensions of silicification encountered low-grade 
material.  The third hole, DD-221, intersected the main zone at depth, 
and also encountered a low-grade stockwork zone in the hangingwall 
that was previously undetected.

                       Phase 2 Test Hole Results
<TABLE>
<CAPTION>
 Hole     Interval      Length         Gold            Silver
Number    (meters)     (meters)  (grams per tonne)  (grams per tonne)
<S>       <C>    <C>    <C>        <C>               <C>
DD-217     6.00  19.80   13.80      0.63              14.9
DD-220    33.00  42.00    9.00      2.90              35.6
DD-221    80.45  99.45   19.00      0.84              30.7
DD-221   108.80 113.60    4.80      3.34              49.0
DD-222    71.55  83.75   12.20      5.14             107.9
DD-224    43.70  65.60   21.90      3.19               8.5
DD-225    93.10  98.85    5.75     16.02              12.6
DD-226    90.20 103.90   13.70      1.42               3.8
DD-228    46.55  64.00   17.45      5.32              28.8
DD-229    77.20  79.00    1.80     26.10              53.1
DD-232   105.20 116.15   10.95      4.28               2.8
DD-234   104.80 122.75   17.95      5.19               4.2
DD-236    52.20  56.80    4.60      2.16               3.1
DD-239    94.80  97.85    3.05     14.70             186.0
DD-239    70.40  88.70   18.30      9.89              74.8
  (include in above)      3.10     36.80           1,070.0
DD-242   133.20 145.70   12.50     10.57               6.0
  (include in above)      3.00     38.10              14.0
DD-242    17.60  20.35    2.75      7.60               7.0
DD-243    27.90  30.95    3.05      3.04               9.8
DD-243    61.45  67.55    6.10      2.44               8.7
DD-246    87.75 121.35   33.60      8.84               5.6
  (include in above)      3.05     58.70               8.6
DD-246    63.25  69.35    6.10     12.03              64.9

Laurence Marsland, Laguna's President, said, "The Company is 
encouraged by the results of this drilling program, especially the 
deep high-grade intercepts.  We will pursue these targets further in 
our next round of drilling.  We plan to accelerate our exploration and 
development operations, both at the Rio Chiquito Deposit and at the 
six highly prospective gold anomalies we have already identified on 
other portions of the Rio Chiquito Project acreage."

Laguna's wholly-owned Rio Chiquito Project controls 19 concessions 
covering approximately 277 square kilometers.  Included among the 
properties is the Rio Chiquito Deposit, which, without considering the 
results described above, was known to contain a geologic resource of 
409,000 ounces of gold and 7,760,000 ounces of silver.  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's National Market System under 
the trading 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


June 27, 1996              __/s/ Roy K. Ross______________________
                             Roy K. Ross, Executive Vice President






</TABLE>
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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": "96588190"}, "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):  June 27, 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 June 27, 1996, Mallon Resources Corporation (the "Company") issued 
a press release, the text of which was as follows:

Mallon Resources Corporation (Nasdaq:  MLRC) announces that its gold 
mining unit, Laguna Gold Company, has reported the results of its 
recently completed Phase 2 drilling program conducted on its Rio 
Chiquito Project in Costa Rica.  The program consisted of 27 core 
holes containing an aggregate of 2,890 meters.  The intercept data 
quoted below are based on a 0.5 grams per tonne gold cut-off, and 
independent lab assays.

Laguna reported that the most notable intercepts were in DD-242 and 
DD-246.  DD-242 intercepted 12.5 meters averaging 10.57 grams per 
tonne gold and 6.0 grams per tonne silver, including a 3 meter sample 
at 38.1 grams per tonne gold.  This intercept is about 20 meters below 
the floor of the previously planned pit.  DD-246 intercepted 33.60 
meters of material averaging 8.84 grams per tonne gold and 5.6 grams 
per tonne silver, including a 3.05 meter intercept that measured 58.7 
grams per tonne gold.  This intercept was made approximately 20 meters 
below a previously delineated high-grade intercept.

According to Laguna, the best intercept in the hangingwall area is in 
hole DD-239, which averaged 9.89 grams per tonne gold and 74.8 grams 
per tonne silver over 18.3 meters.  This intercept includes 3.1 meters 
at 36.8 grams per tonne gold.  Three holes were drilled on targets in 
the vicinity of the existing Rio Chiquito pit.  The two holes designed 
to test northerly extensions of silicification encountered low-grade 
material.  The third hole, DD-221, intersected the main zone at depth, 
and also encountered a low-grade stockwork zone in the hangingwall 
that was previously undetected.

                       Phase 2 Test Hole Results
Hole     Interval      Length         Gold            Silver
Number    (meters)     (meters)  (grams per tonne)  (grams per tonne)
DD-217     6.00  19.80   13.80      0.63              14.9
DD-220    33.00  42.00    9.00      2.90              35.6
DD-221    80.45  99.45   19.00      0.84              30.7
DD-221   108.80 113.60    4.80      3.34              49.0
DD-222    71.55  83.75   12.20      5.14             107.9
DD-224    43.70  65.60   21.90      3.19               8.5
DD-225    93.10  98.85    5.75     16.02              12.6
DD-226    90.20 103.90   13.70      1.42               3.8
DD-228    46.55  64.00   17.45      5.32              28.8
DD-229    77.20  79.00    1.80     26.10              53.1
DD-232   105.20 116.15   10.95      4.28               2.8
DD-234   104.80 122.75   17.95      5.19               4.2
DD-236    52.20  56.80    4.60      2.16               3.1
DD-239    94.80  97.85    3.05     14.70             186.0
DD-239    70.40  88.70   18.30      9.89              74.8
  (include in above)      3.10     36.80           1,070.0
DD-242   133.20 145.70   12.50     10.57               6.0
  (include in above)      3.00     38.10              14.0
DD-242    17.60  20.35    2.75      7.60               7.0
DD-243    27.90  30.95    3.05      3.04               9.8
DD-243    61.45  67.55    6.10      2.44               8.7
DD-246    87.75 121.35   33.60      8.84               5.6
  (include in above)      3.05     58.70               8.6
DD-246    63.25  69.35    6.10     12.03              64.9

Laurence Marsland, Laguna's President, said, "The Company is 
encouraged by the results of this drilling program, especially the 
deep high-grade intercepts.  We will pursue these targets further in 
our next round of drilling.  We plan to accelerate our exploration and 
development operations, both at the Rio Chiquito Deposit and at the 
six highly prospective gold anomalies we have already identified on 
other portions of the Rio Chiquito Project acreage."

Laguna's wholly-owned Rio Chiquito Project controls 19 concessions 
covering approximately 277 square kilometers.  Included among the 
properties is the Rio Chiquito Deposit, which, without considering the 
results described above, was known to contain a geologic resource of 
409,000 ounces of gold and 7,760,000 ounces of silver.  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's National Market System under 
the trading 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

June 27, 1996              __/s/ Roy K. Ross______________________
                             Roy K. Ross, Executive Vice President