UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) X QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 	For The Quarterly Period Ended: June 30, 2010 _ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. 	For the Transition Period from _________to ___________. 	Commission File Number: 0-16468 MOTHER LODE GOLD MINES CONSOLIDATED (Exact name of Registrant as specified in its charter) 	CALIFORNIA	94-2236016 (State or other jurisdiction of	(I.R.S. Employer incorporation or organization)	Identification Number) 1312 CONCANNON BOULEVARD, LIVERMORE, CA 94550-6004 (Address of principal executive offices) (925) 606-5939 (Registrants telephone number) 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 past 12 months (or for such shorter period that he 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 by check mark whether the registrant has submitted electronically and posted on its corporate web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (232.405 of this chapter) during the preceding 12 months (or such shorter period that the registrant was required to submit and post such files). 		Yes ? No X Indicate by a check mark whether the registrant is a large accelerated filer, a nonaccelerated filer or a small reporting company. Large accelerated filer ?					Accelerated filer ? Nonaccelerated filer ?					Smaller reporting company X Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange act 						Yes ? No X APPLICABLE ONLY TO CORPORATE ISSUERS Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date. TRADING SYMBOL: MLGM 	Class	Outstanding Common Stock, without par value, as of June 30, 2010	7,614,770 	 Total Pages: 14 	Exhibit Index on Page: 9 	PART I - FINANCIAL INFORMATION Item 1. Financial information required by Item 310(b) of Regulation S-B and by Rule 10.01 of Regulation SX, for the Company's fiscal quarter ended June 30, 2010. The Company has prepared this information without independent audit or review. MOTHER LODE GOLD MINES CONSOLIDATED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2010 TABLE OF CONTENTS Balance Sheets as of June 30, 2010 and December 31, 2009	3 Statement of Operations for the 6-month periods ending June 30, 2010 and 2009.	4 Statement of Cash Flows for the 6-month period ending June 30, 2010 and 2009	5 Statements of Stockholders Equity from December 31, 2007 to June 30, 2010	6 Notes to Consolidated Statements	7 (The balance of this page is intentionally left blank) <table> MOTHER LODE GOLD MINES CONSOLIDATED BALANCE SHEETS June 30, 2010 and December 31, 2009 (Unaudited) ASSETS <caption> <s> <c> <c> 	ASSETS <s> <c> <c> 	 June 30	December 31 	2010	2009 	(Unaudited)	(Unaudited) Current Assets 	Checking	$ 183	$ 302 Total Current Assets	 183	 302 Other Assets 	Loan Receivable, Amador United Gold Mines	225,290	220,008 	Investment, Amador United Gold Mines	(103,762)	(101,228) 	Investment, Pacific FarEast Minerals, Inc. 	(166,221)	(163,510) 	Pre-paid State Taxes	 25	 25 	Pacific FarEast Minerals common stock	10,560	10,560 	Pacific FarEast Mine4rals Warrants	 939	 939 Total other assets	 (62,475)	(33,206) 	Total Assets	$(32,987)	 $(32,904) LIABILITIES AND SHAREHOLDERS EQUITY Current Liabilities 	Accounts payable	$5,400	$4,800 	Total current liabilities	5,400	4,800 Shareholders equity 	Common stock, without par value, 	Authorized, 15,000,000 shares: 	Issued and outstanding, March 31 	2009: 7,614,770 	2008: 7,572,618	7,434,235	7,434,235 Deficit accumulated	(7,472,622)	(7,417,939) Net Stockholders equity	 (38,387)	 (37,704) 	Total Liabilities and Shareholders Equity	$(32,987)	$(32,904) </table> See accompanying notes <table> MOTHER LODE GOLD MINES CONSOLIDATED STATEMENTS OF OPERATIONS Three Months and Six Months for Periods Ending June 30, 2010 and 2009 (Unaudited) <caption> <s>	<c>	<c>	<c>	<c> 	Three Months Ended	Six Months Ended 	Jun 30	Jun 30	Jun 30	Jun 30 	2010	2009	2010	2009 	(Unaudited)	(Unaudited)(Unaudited)(Unaudited) Pre-operating revenues: 	Interest Income	2,657	2,656	5,256	5,253 	Miscellaneous Income	 0	 0	 45	 361 		 2,657	 2,656	 5,301	 5,614 Pre-operating Expenses 	Rent expense	300	 0	 600	 0 	Other administrative expense	 57	342	 114	 684 	California Franchise tax	 0	 0	 25	 25 		 357	 342	 739	 709 Net Operating Income (Loss)	 2,300	 2,314	4,562	4,905 Investment Income Amador United Gold Mines (Loss)	(1,281)	(1,414)	(2,534)	( 2,810) Pacific FarEast Minerals (Loss)	(16,022)	(25,066)	(32,016)	(44,825) 		(17,303)	(26,480)	(34,550)	(47,635) Net Income (Loss)	$(15,003)	$(24,166)	$(29,988)	$(42,730) Primary gain/(loss) per share	$(0.002)	$(0.003)	$(0.004)	$(0.006) Fully diluted gain/(loss) per share	$(0.002)	$(0.003)	$(0.004)	$(0.006) </table> (The balance of this page is intentionally left blank) See accompanying notes <table> MOTHER LODE GOLD MINES CONSOLIDATED STATEMENTS OF CASH FLOW For Six Month Periods Ending June 30, 2010 and 2009 (Unaudited) <caption> <s>	<c>	<c> 		Six Months Ended 	Jun 30	Jun 30 	2010	2009 	(Unaudited)	(Unaudited) Cash flows from Operations:	$(29,988)	$(42,730) Adjustments to reconcile net loss to net cash used in operations: 	(Inc) Dec in loans receivable	(5,256)	(5,278) 	Inc (Dec) in accounts payables	600	 600 	Inc (Dec) in income taxes payable	 (25)	 25 Net cash provided (used) in operations	(34,669)	(47,383) Investment Income 	Amador United Gold Mines	 2,534	 2,810 	Pacific FarEast Minerals, Inc. 	32,016	44,825 Net Cash provided by Investment	 34,550	 47,635 	Net increase (decrease) in cash	$ (119)	$ 252 	Cash, beginning of period	302	 232 	Cash, end of period	$ 183	$ 484 A. Supplemental disclosures of cash flow information	$ 25	$ 25 </table> (The balance of this page is intentionally left blank) See accompanying notes <table> <caption> <s> <c> <c> <c> <c> <c> 	Common Stock			Total 		Issued and Outstanding	Paid-in	Accumulated	Shareholders 	Shares	Amount	Capital	Deficit		Equity Balance at December 31, 2008	7,614,770	$7,434,235	$ 0	$(7,383,904)	$ 50,331 Issuance of common stock upon exercise of Series A stock options	 0	 0	 0	0 Net gain/(loss)	 0	 0	 0	 ( 58,730) (58,730) Balance at December 31, 2009	7,614,770	$7,434,235	$0	$(7,442,634)	$(8,399) Issuance of common stock upon exercise of Series A stock options	 0	 0	 0	0 Net gain/(loss)	 0	 0	 0	 ( 29,988) (29,988) Balance at June 30, 2010	7,614,770	$7,434,235	$0	$(7,472,622)	$(38,387) </table> (The balance of this page is intentionally left blank) MOTHER LODE GOLD MINES CONSOLIDATED NOTES TO FINANCIAL STATEMENTS JUNE 30, 2010 1.	 BASIS OF PRESENTATION The accompanying unaudited financial statements have been prepared by the Company in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included. Operating results for the six-month period ended June 30, 2010 are not necessarily indicative of the results that may be expected for the year ending December 31, 2010. For further information, refer to the consolidated financial statements and footnotes thereto included in the Company's Form 10K for the year ended December 31, 2009. 2.	MINING PROPERTIES As of the date of this report, the Company holds no mining properties directly. Amador United Gold Mines, an investee company, holds mineral rights to 204.03 acres of the Argonaut Mine, one of California's largest past gold producers. 3.	STOCK OPTION PLANS A. The Company has no active stock option plans and there are no options outstanding as of June 30, 2010. B. Compensatory options for a Series A had been issued for services and/or in satisfaction of Company indebtedness to officers and others. As of June 30, 2010 there are no compensatory options that are in effect. The last options were exercised in June 2008. 4. OTHER As of December 31, 2008, the Company agreed to a conversion of its loan made to its investee company, Pacific FarEast Minerals, Inc. The principal of the loan, $10,559.50 was converted to 52,795 shares of common stock valued at $0.20 per share for a total value of $10,339.50. The accrued, but unpaid interest of $939.10 was converted to 4,695 warrants, valued at $0.20 per share, to purchase a like number of common shares. The warrants expire on the fifth anniversary date of the December 31, 2008 date of issue. 4.	OFFICE LEASE The Company does not lease office space, but shares 875 square feet provided by Pacific FarEast Minerals, Inc. at 1312 Concannon Boulevard, Livermore, California, a one-story office building in a suburban office park. PFEM charges the Company $100 per month as its fair share of the monthly rent and related expenses. (The balance of this page is intentionally left blank) Part I - Financial Information (continued) Item 2. Management's Plan of Operations 	Plan of Operations. The sole activity of the Company during the Second Quarter of 2010 was to assist Pacific FarEast Minerals, Inc. in the identification, management, administration and exploration/development of properties in the Mother Lode Gold Belt of California that may have economic potential for the recovery of minerals, especially gold. The Company owns 19.27% of the common stock of Pacific FarEast Minerals, Inc., the only outstanding security of Pacific FarEast Minerals, Inc. Other than minor cash payment for the transfer of stock, the Company has no cash income. Income from this source through the Second Quarter 2010 was $45. The company's minimal expenses to maintain operations of the Company are, when required, paid by private loans from officers and directors of the Company. 	Summary of Financial Results. Mother Lode Gold Mines Consolidated (the Company) showed a Second Quarter 2010 loss of $29,988, compared with a loss of $42,730 for the Second Quarter 2009. Sources of cash flow to the Company had historically been derived from: (1) mining contracts with other mining companies, (2) securities offerings and (3) drilling programs. As of June 30, 2010, there were 7,614,770 shares of common stock issued and outstanding. 	Preparation of Financial Statements. The financial statements of June 30, 2010, and for the six-month period then ended, were prepared by the Company and have not been audited or reviewed by independent auditors prior to filing. 	Investee Companies 	A. - Amador United Gold Mines (AUGM). There was no activity by this corporation during the Second Quarter 2010. The Company owns 48.20% of the common stock (the only outstanding security) of AUGM. AUGM holds 43,000 shares of Sutter Gold Mining Inc (SGM) and 204.03 acres of mineral rights to the Argonaut Mine, one of California's largest past gold producers. B. - Pacific FarEast Minerals, Inc. (PFEM). During the Second Quarter of 2010, PFEM, continued an exploration program in the Mother Lode gold belt region of California. During 2008, through a Private Placement Memorandum, dated February xx, 2008, PFEM raised $656,201, which corresponds to 1,051,673 common shares of PFEM. The offering price was $0.60 per common share As of June 30, 2010, there were 11,038,500 total issued and outstanding common shares (the only outstanding security) of Pacific FarEast Minerals, Inc. The Company currently owns 2,127,386 shares, or 19.27%, of the common stock of Pacific FarEast Minerals, Inc. Item 3. Disclosure Controls and Procedures (a) The principal executive and financials officers of the Company are of the opinion that all required disclosures have been properly made (b) The have been no changes in the internal controls for financial reporting. PART II - OTHER INFORMATION Item 1. Legal Proceedings:	Not Applicable. Item 2. Changes in Security:	Not Applicable. Item 3. Default Upon Senior Securities:	Not applicable. Item 4. Submission of Matters to a Vote of Security Holders: 	Not applicable. Item 5. Other Information: Item 6. Exhibits Exhibit 11, Statement re Computation of Per Share Earnings 	Page 14 Note: Exhibits 2,3,4,10,15,18, 19, 22,23,24,31, 32, 99 and 100, as specified under Item 601 of Regulation S-B are not applicable and therefore are not included as Exhibits with this Form 10Q. SIGNATURES In accordance with the requirements of the Exchange Act, the Registrant caused this report to be signed on its behalf by the undersigned thereunto duly authorized. 	MOTHER LODE GOLD MINES CONSOLIDATED Date: November 5, 2010		o/s Frank M. Orrell 	Frank M. Orrell 	Chairman, CEO Date: November 5, 2010		o/s Byron S. James 	Byron S. James, 	Chief Financial Officer CERTIFICATION OF PERIODIC REPORT We, Frank M. Orrell, Chief Executive Officer and Byron S. James, Chief Financial Officer, respectively of Mother Lode Gold Mines Consolidated (the "Company"), do certify, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350, that: (1) the Quarterly Report on Form 10Q of the Company for the quarterly period ended June 30, 2010 (the "Report") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m or 78o(d); and (2) the information contained in this unaudited Report fairly presents, in all material respects, the financial condition and results of operations of the Company to the best of our knowledge. Date: November 5, 2010		o/s Frank M. Orrell 	Frank M. Orrell 	Chairman, CEO Date: November 5, 2010		o/s Byron S. James 	Byron S. James, 	Chief Financial Officer (The balance of this page is intentionally left blank) I, Frank M. Orrell, certify that: 1. I have reviewed this quarterly report on Form l0Q of Mother Lode Gold Mines Consolidated; 2. Based on my knowledge, this quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this quarterly report; 3. Based on my knowledge, the financial statements and other financial information included in this quarterly report, fairly present in all material respects the financial condition of this quarterly report; 4. The registrant's other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined m Exchange Act Rules l3a-14 and 15d-14) for the registrant and we have: a) designated such disclosure contro1s and procedures to ensure that material information relating to the registrant, including its consolidated subsidiaries is made known to us by others within those entities, particularly during the period in which this quarterly report is being prepared; b) evaluated the effectiveness of the registrant's disclosure controls and procedures as of a date within 90 days prior to the filing date of this quarterly report (the "Evaluation Date); and c) presented in this quarterly report our conclusions about the effectiveness of the disclosure controls and procedures based on our evaluation as of the Evaluation Date; 5. The registrant's other certifying officers and I have disclosed, based on our most recent evaluation, to the registrant's auditors and the audit committee of registrant's board of directors (or persons performing the equivalent function): a) all significant deficiencies in the design or operation of internal controls which could adversely affect the registrant's ability to record, process, summarize and report financial data and have identified for the registrant's auditors any material weaknesses in internal controls; and b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal controls; and 6. The registrant's other certifying officers and I have indicated in this quarterly report whether or not there were significant changes in internal controls or in other factors that could significantly affect internal controls subsequent to the date of our most recent evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses. Date: November 5, 2010		o/s Frank M. Orrell 	Chairman, CEO I, Byron S. James, certify that: 1. I have reviewed this quarterly report on Form l0Q of Mother Lode Gold Mines Consolidated; 2. Based on my knowledge, this quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this quarterly report; 3. Based on my knowledge, the financial statements and other financial information included in this quarterly report, fairly present in all material respects the financial condition of this quarterly report; 4. The registrant's other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined m Exchange Act Rules l3a-14 and 15d-14) for the registrant and we have: a) designated such disclosure contro1s and procedures to ensure that material information relating to the registrant, including its consolidated subsidiaries is made known to us by others within those entities particularly during the period in which this quarterly report is being prepared; b) evaluated the effectiveness of the registrant's disclosure controls and procedures as of a date within 90 days prior to the filing date of this quarterly report (the "Evaluation Date); and c) presented in this quarterly report our conclusions about the effectiveness of the disclosure controls and procedures based on our evaluation as of the Evaluation Date; 5. The registrants other certifying officers and I have disclosed, based on our most recent evaluation, to the registrant's auditors and the audit committee of registrant's board of directors (or persons performing the equivalent function): a) all significant deficiencies in the design or operation of internal controls which could adversely affect the registrant's ability to record, process, summarize and report financial data and have identified for the registrant's auditors any material weaknesses in internal controls; and b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal controls; and 6. The registrant's other certifying officers and I have indicated in this quarterly report whether or not there were significant changes in internal controls or in other factors that could significantly affect internal controls subsequent to the date of our most recent evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses. Date: November 5, 2010		o/s Byron S. James 	Secretary, CFO <table> MOTHER LODE GOLD MINES CONSOLIDATED EARNINGS PER SHARE (FULLY DILUTED) <caption> <s> <c> <c> <c> <c> <c> <c> <c> <c> <c> 	CUMULATIVE	3 MO TO	3 MO TO	6 MO TO 	6 MO TO	12 MO TO 	DATE		SHARES	SHARES	MONTHS 	 6/30/10 	6/30/09	6/30/10	6/30/09	12/31/09 For the period 2/8/74 thru 12/31/07 (A) 01/01/08(A)	176,855	7,530,466	3 03/31/08 (A)	42,152	7,572,618	3 06/30/08 (A)	42,152	7,614,770	3 09/30/08 		0	7,614,770	3 12/31/08		0	7,614,770	3 03/31/09		0	7,614,770	3										22,844,310 06/30/09		0	7,614,770	3										22,844,310 09/30/09 		0	7,614,770	3										22,844,310 12/31/09		0	7,614,770	3						22,844,310		22,844,310		22,844,310 03/31/10		0	7,614,770	3		22,844,310		22,844,310		22,844,10		22,844,310 06/30/10		0	7,614,770	0 					22,841,310	22,841,310		45,688,620			45,688,620		91,377,240 MONTHS					3		3	 	6		6	12 WEIGHTED AVERAGE SHARES			7,614,770		7,614,770		7,614,770		7,614,770		7,614,770 NET INCOME/LOSS)				$(24,166)		$(52,443)		$(42,730)		$6,688	$(73,566) EARNINGS/LOSS PER SHARE, FULLY DILUTED $(0.003) $(0.007) $(0.006)		$0.001		$(0.010) Notes: (A) conversion to common stock of Series A preferred shares previously issued. </table> (The balance of this page is intentionally left blank) <table> MOTHER LODE GOLD MINES CONSOLIDATED EARNINGS PER SHARE (PRIMARY) <caption> <s> <c> <c> <c> <c> <c> <c> <c> <c> <c> 	CUMULATIVE	3 MO TO	3 MO TO	6 MO TO 	6 MO TO	12 MO TO 	DATE		SHARES	SHARES	MONTHS 	 6/30/09 	6/30/08	6/30/09	6/30/08	12/31/08 For the period 2/8/74 thru 12/31/07 (A) 01/01/08(A)	176,855	7,530,466	3 03/31/08 (A)	42,152	7,572,618	3 06/30/08 (A)	42,152	7,614,770	3 09/30/08 		0	7,614,770	3 12/31/08		0	7,614,770	3 03/31/09		0	7,614,770	3										22,844,310 06/30/09		0	7,614,770	3										22,844,310 09/30/09 		0	7,614,770	3										22,844,310 12/31/09		0	7,614,770	3						22,844,310		22,844,310		22,844,310 03/31/10		0	7,614,770	3		22,844,310		22,844,310		22,844,10		22,844,310 06/30/10		0	7,614,770	0 					22,841,310	22,841,310		45,688,620			45,688,620		91,377,240 MONTHS					3		3	 	6		6	12 WEIGHTED AVERAGE SHARES			7,614,770	7,614,770		7,614,770		7,614,770			7,614,770 NET INCOME/LOSS)				$(29,988)		$(52,443)		$(42,730)		$6,688	$(73,566) EARNINGS/LOSS PER SHARE, FULLY DILUTED $(0.003) $(0.007) $(0.006)		$0.001		$(0.010) Notes: (A) conversion to common stock of Series A preferred shares previously issued. </table> (The balance of this page is intentionally left blank) 		Sequential Page Number 1