<ARTICLE> 5 <CIK> 0000850083 <NAME> TOUCAN GOLD CORPORATION <MULTIPLIER> 1 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> MAR-31-1997 <CASH> 1,781,917 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,815,501 <PP&E> 1,911,320 <DEPRECIATION> 0 <TOTAL-ASSETS> 3,726,821 <CURRENT-LIABILITIES> 319,143 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 74,326 <OTHER-SE> 3,333,352 <TOTAL-LIABILITY-AND-EQUITY> 3,726,821 <SALES> 0 <TOTAL-REVENUES> 15,421 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 298,242 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (282,821) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (282,821) <EPS-PRIMARY> (0.04) <EPS-DILUTED> 0