<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
NUGGET EXPLORATION, INC.
-----------------------------------------
(Name of Issuer)
$0.01 PAR VALUE COMMON STOCK
-----------------------------------------
(Title of Class of Securities)
669903 10 6
-----------------------------------------
(CUSIP Number)
Check the following box if a fee is being paid with this statement [ ].
(A fee is not required only if the filing person: (1) has a previous
statement on file reporting beneficial ownership of more than five
percent of the class of securities described in Item 1; and (2) has
no amendment subsequent thereto reporting beneficial ownership of five
percent or less of such class.) (See Rule 13d-7.)
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information
which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the
Securities Exchange Act of 1934 ("Act") or otherwise subject to the
liabilities of that section of the Act but shall be subject to all
other provisions of the Act (however, see the Notes).
(Continued on following page(s))
Page 1 of 6 Pages
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CUSIP NO. 669903 10 6 13G PAGE 2 OF 6 PAGES
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
JOHN W. MACGUIRE ###-##-####
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
5 SOLE VOTING POWER
2,235,423
NUMBER OF 6 SHARED VOTING POWER
SHARES 2,268,429
BENEFICIALLY
OWNED BY
EACH
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 2,235,429
WITH
8 SHARED DISPOSITIVE POWER
2,268,429
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,503,858
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *
N/A
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
25%
12 TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTION BEFORE FILLING OUT!
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 10549
---------------------------------
SCHEDULE 13G UNDER THE SECURITIES
EXCHANGE ACT OF 1934
---------------------------------
Item 1. (a). Name of Issuer:
NUGGET EXPLORATION, INC.
(b). Address of Issuer's Principal Executive Offices:
815 SOUTH DURBIN ST
CASPER, WY 82601
Item 2. (a). Name of Person Filing:
JOHN W.MACGUIRE
(b). Address of Principal Business Office:
815 SOUTH DURBIN
CASPER, WY 82601
Page 3 of 6 Pages
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Item 2. (c). Citizenship:
UNITED STATES OF AMERICA
(d). Title of Class of Securities:
$0.01 PAR VALUE COMMN STOCK
(e). CUSIP Number:
669903 10 6
Item 3.
Item 4. Ownership.
(a). Amount Beneficially Owned
4,503,858 SHARES
(b). Percent of Class:
25%
(c). Number of Shares as to which JOHN MACGUIRE has:
(i) sole power to vote or to direct the vote 2,235,429
(ii) shared power to vote or to direct the vote 2,268,429
(iii) sole power to dispose or to direct the
disposition of 2,235,429
(iv) shared power to dispose or to direct the
disposition of 2,268,429
Page 4 of 6 Pages
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Item 5. Ownership of Five Percent or Less of a Class:
Item 6. Ownership of More Than Five Percent on Behalf of Another
Person:
Item 7. Identification and Classification of Subsidiaries which
Acquired the Security Being Reported on by the Parent
Holding Company:
Item 8. Identification and Classification of Members of the Group:
Page 5 of 6 Pages
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Item 9. Notice of Dissolution of Group:
Item 10. Certification:
AFTER REASONABLE INQUIRY AND TO THE BEST OF MY
KNOWLEDGE AND BELIEF, I CERTIFY THAT THE INFORMATION
SET FORTH IN THIS STATEMENT IS TRUE, COMPLETE AND
CORRECT.
By: MARY MACGUIRE
------------------------
Title: TREASURER
Dated: MARCH 25, 1997
Page 6 of 6 Pages
