FORM 3
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OMB APPROVAL
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OMB Number 3235-0104
Expires: April 30, 1997
Estimated average burden
hours per response...........0.5
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities
Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section
30(f) of the Investment Company Act of 1940
1. Name and Address of Reporting Person:
Drummond Financial Corp.
400 Burrard St., Suite 1250
Vancouver, British Columbia V6C 3A6
2. Date of Event Requiring Statement:
November 19, 1996
3. IRS or Social Security Number of Reporting Person (Voluntary):
4. Issuer Name and Ticker or Trading Symbol:
ICHOR Corporation
5. Relationship of Reporting Person to Issuer:
10% Owner
6. If Amendment, Date of Original:
N/A
Table I - Non-Derivative Securities Beneficially owned
<TABLE>
<CAPTION>
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1. Title of Security 2. Amount of Securities 3. Ownership 4. Nature of Indirect Beneficial Ownership
(Instr. 4) Beneficially Owned Form: Direct (Instr. 5)
(Instr. 4) (D) or Indirect
(I) (Instr. 5)
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<S> <C> <C> <C>
Common Shares 1,470,320 D
</TABLE>
Reminder: Report on a separate line for each class of securities
beneficially owned directly or indirectly
<PAGE>
Table II-- Derivative Securities Beneficially Owned (e.g., puts, calls,
warrants, options, convertible securities)
<TABLE>
<CAPTION>
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1. Title of Derivative Security 2. Date Exercisable 3. Title and Amount 4. Conversion or 5. Ownership 6. Nature
(Instr. 4) and Expiration of Securitities Underlying Exercise Price Form of of Indirect
Date Derivative Security of Derivative Derivative Benficial
(Month/Day/Year) (Instr. 4) Security Security: Ownership
Direct (D) or (Instr. 5)
Indirect (I)
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Date Amount or
Exer- Expira- Title Number of
cisable tion Date Shares
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<S> <C> <C> <C> <C> <C> <C> <C>
N/A
</TABLE>
Explanation of Responses: N/A
/s/ Michael J. Smith Date: December 12, 1996
__________________________
Michael J. Smith
Drummond Financial Corp.
**Signture of Reporting Person
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, Drummond Financial Corp. See Instruction 6
for procedure.
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