PLANET RESOURCES INC
8-K, 1997-06-20
METAL MINING
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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 EXCHANGE ACT OF 1934

                        Date of Report:   June 16, 1997


                            PLANET RESOURCES, INC.
                     (Formerly Allied Silver-Lead Company)

            (Exact name of registrant as specified in its charter)

                                   DELAWARE
                               (Formerly Idaho)
         (State or other jurisdiction of incorporation or organization)

           1-7149                                   82-0277987
  (Commission  File  Number)          (IRS  Employer Identification Number)

                                C/O A.W. DUGAN
                          1415 LOUISIANA, SUITE 3100
                             HOUSTON, TEXAS  77002
                   (Address of principal executive offices)

                                (713) 658-1142
             (Registrant's telephone number, including area code)









ITEM  5.                    OTHER  EVENTS.
- --------                    --------------

     On  June  10,  1997,  the  Company  received  from  the  United  States
Environmental  Protection Agency ("EPA") a request for information pursuant to
Section  104(e)  of the Comprehensive Environmental Response, Compensation and
Liability  Act ("CERCLA").  The request for information is seeking information
and  documents  relating  to  the  Company's  knowledge  of  or involvement in
releases or threatened releases of hazardous substances associated with mining
activities  occurring  within  the Coeur d'Alene Basin of Northern Idaho.  The
investigation  includes an inquiry into the identification, nature, source and
quantity of materials transported to or generated, treated, stored or disposed
of  within  the  Coeur  d'Alene  Basin.

     Management  of the Company is in the process of responding to the request
for  information  and  does not believe the Company is involved in releases or
threatened releases of hazardous substances associated with mining activities.
SIGNATURE

     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.


     /s/A.W.  Dugan
     --------------
     A.W.  Dugan,  President


Date:    June  16,  1997






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