[sp]You are quite correct: the equation should be $3*5^rk = 7^{2s} - 7^t$. My original idea was to say that the right side of this equation is a multiple of $7$. On the left side, the only possibility then is that $k$ must be a multiple of $7$. But in that case the original equation, reduced mod $7$, says that $5^m \equiv0\pmod7$, which is impossible.
However, there is a gap in that argument, because it overlooks the possibility that $t=0$, in which case $7^{2s} - 7^t$ becomes $7^{2s} - 1$, which is not a multiple of $7$. I tried to get round this difficulty by using the "even-odd" argument in my previous comment, but that clearly does not work. All I can say in that case is that $3*5^rk = 7^{2s} - 1 = (7^s+1)(7^s-1)$, which is a multiple of $8$. But so far I have not been able to get a contradiction out of that.[/sp]