<PAGE>
UNITED STATES
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 (Date of earliest event reported): October 1, 1998
HANOVER GOLD COMPANY, INC.
- ----------------------------------------------------------------------
(Exact Name of Registrant as Specified in Charter)
Delaware 000-23022 11-2740461
- ----------------------------------------------------------------------
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
15102 E. Indiana Ave., Spokane, WA 99216
- ----------------------------------------------------------------------
(Address of principal executive offices)
Registrant's telephone number, including area code (509) 891-8817
--------------
<PAGE>
Item 5. Other Events
On October 1, 1998 the registrant's Board of Directors
appointed Raymond A. Hanson to act as the registrant's President
and CEO. Mr. Hanson replaces James A. Fish who will serve as Vice
President. Mr. Hanson and Mr. Fish will continue in their
capacities for the remainder of the ensuing year and until their
successors are appointed. Mr. Hanson has been an advisor to the
registrant and is the founder of R. A. Hanson Company, a
corporation that designs and manufactures construction and mining
equipment for distribution worldwide. Subsequent to a
reorganization in 1994, the mining, machinery, and real estate
development divisions of R. A. Hanson Company were spun off and
now operate as Hanson Industries, Inc. Hanson Industries is
privately owned and under Mr. Hanson's management.
The company further announced the relocation of its corporate
offices to Hanson Industries' complex of offices at 15102 E.
Indiana Ave., Spokane, Washington 99216. The Company's new
telephone number is (509) 891-8817 and its new fax number is
(509) 891-8901.
Item 7. Financial Statements and Exhibits.
No financial statements are required to be included as part of
this report.
The exhibits hereto consist of:
(a) A copy of Hanover's press release dated October 5, 1998
SIGNATURES
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.
HANOVER GOLD COMPANY, INC.
--------------------------
(Registrant)
Date: October 6, 1998 By: /s/Raymond A. Hanson
--------------------------
(Raymond A. Hanson, President)
<PAGE>
EXHIBIT A
NEWS RELEASE
---------------------------------------------------
For Immediate Release 98-04
October 5, 1998
Newly Appointed President of Hanover Gold Announces
Preliminary Drill Results at Virginia City, Montana
Raymond A. Hanson, the new President and CEO of Hanover Gold
Company, Inc. (NASDAQ SmallCap Symbol: "HVGO"), announced high
grade drill intercepts on its property near Virginia City,
Montana. Core hole 98-5 intercepted 4.5 feet of 0.699 opt Au and
12 opt Ag in the Pacific target area. The high-grade lies within
a thicker intercept of 145 feet of 0.075 opt Au and 1.32 opt Ag
that extends from 182 feet to 328 feet. Drilling tested the south
end of the 100,000 ounce gold resource previously identified
under the historic Pacific pit. Hole 98-7, 400 feet to the south,
intercepted 47 feet of 0.060 opt Au and 1 opt Ag. Hanson said the
preliminary drilling results "show we're on the right track, and
although it may be too soon to say, these results justify our
drilling plans and are right in line with our expectations."
Shallow rotary drilling on the Kearsarge target intercepted
gold values that include 5 feet of 0.534 opt Au and 0.13 opt Ag
at 20 foot depth in hole KSPD-8. Kearsarge intercepts include 100
feet of 0.091 opt Au in KSPD-1 and 100 feet of 0.044 opt Au in
KSPD-3. This drilling indicates that significant near-surface
mineralization extends south of the previously identified 475,000
ounce gold resource at the Kearsarge.
Two holes have intercepted the 3000 foot long High Up
structure in Hungry Hollow. Drill hole 98-4 intercepted 26 ft of
0.079 opt Au and drill hole 98-2 intercepted 30 ft of 0.044 opt
Au. The mineralization and alteration in this structure are
similar to that of the Kearsarge resource.
Core drilling is currently in progress at the Easton mine,
the largest historic lode producer in the district. Quartz-
sulfide veins with adjacent quartz-sericite-ankerite alteration
and stockwork quartz veining have been intercepted over
significant widths. Assays are pending. This target has not been
previously drilled.
Hanover Gold has drilled over 5000 feet of core in 14 holes
this season. Assay results have been received for 7 of these
holes. All but one of the holes has intercepted ore grade
mineralization. Targets are being tested along a 2.5 mile long
trend of mineralization and favorable alteration. Hanover expects
to drill an additional 2,800 feet in 5 more holes. Hanson said
further drilling results will be available in about a month.
In order to better focus the Company's direction, the Board
of Directors appointed Raymond A. Hanson as President and CEO
effective October 1, 1998. Former president James A. Fish is
stepping down for health reasons but will continue to serve as
Vice President. Hanson has moved the corporate offices to Spokane
to lower expenses and is continuing to renegotiate land payments.
William S. Neal, senior geologist, has been appointed to Vice
President of Exploration.
Hanover Gold has consolidated an extensive land position
covering the source areas of the rich Alder Gulch placers in the
Virginia City mining district, Montana. Placer production from
Alder Gulch has been estimated at between 2.5 and 10 million
ounces of gold.
For more information please contact Hanover Gold Company,
Inc. at its new address: 15102 E. Indiana Avenue, Spokane, WA
99216; new telephone (509) 891-8817, new fax (509) 891-8901 or e-
mail ([email protected])
