FORM 6-K

                            SECURITIES EXCHANGE COMMISSION
                                Washington, D.C. 20549

                               REPORT OF FOREIGN ISSUER
                         Pursuant to Rule 13a-16 or 15d-16 of
                         the Securities Exchange Act of 1934

                            COMMISSION FILE NUMBER 0-15577
                             FOR THE MONTH OF MARCH 1998  

                      CONSOLIDATED NEVADA GOLDFIELDS CORPORATION
                   -----------------------------------------------
                   (Translation of registrant's name into English)

                              1801 Broadway, Suite 1620
                              -------------------------
                                Denver, Colorado 80202
                                ----------------------
                       (Address of Principal Executive Office)

          Indicate by check mark whether the registrant files or will file 
annual reports under cover Form 20-F or Form 40-F.

               Form 20-F    X                Form 40-F         
                         ------                        ------

          Indicate by check mark whether the registrant by furnishing the 
information contained in this Form is also thereby furnishing the information 
to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange 
Act of 1934.

               Yes                           No   X   
                   -------                      ------

          If "Yes" is marked, indicate below the file number assigned to the 
registrant in connection with Rule 12g3-2(b): 82-      .

ENCLOSED IS PRESS RELEASE #98-005 FOR CONSOLIDATED NEVADA GOLDFIELDS
CORPORATION.

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, thereunto duly authorized.

                         CONSOLIDATED NEVADA GOLDFIELDS CORPORATION
                         ------------------------------------------
                         (Registrant)



Date:  Mar. 26, 1998               
     ---------------     ---------------------------------------
                         By: Mike Kolin, Chief Operating Officer



DENVER, CO - MARCH 23, 1998
#98 - 005
2:00 PM MST


            CONSOLIDATED NEVADA GOLDFIELDS CORPORATION ANNOUNCES
            CHANGES AT THE AURORA MINE AND CHANGES IN MANAGEMENT

Consolidated Nevada Goldfields Corporation ("CNGC") announces that considering 
the low gold price, it has decided to place the Aurora mine on a care and 
maintenance basis.

Significant prestripping and other capital investments, which include the 
expansion of the tailings impoundment, would be required to continue 
operations. Consequently, the Company has decided to temporarily suspend 
operations at its Aurora mine in Hawthorne, Nevada, and await higher gold 
prices.

CNGC also announces that Mike Kolin has been promoted to the position of Chief 
Operating Officer. He will be in charge of the Company's operations. CNGC 
further announces that its Senior Vice President of Operations, Jack 
Haptonstall, resigned on March 17, 1998. James S. Stirbis, Jr., the Corporate 
Secretary / Treasurer, has also resigned effective March 18, 1998.  Both Mr. 
Haptonstall and Mr. Stirbis contributed greatly to CNGC during their tenures 
and will be missed by everyone.

Consolidated Nevada Goldfields Corporation is a Denver-based, international 
mining company with three producing mining properties. The Company reserves 
include 51 million ounces of silver and 740,000 ounces of gold.  The Company's 
principal property is the Pachuca silver mine, which has continuously produced 
silver for five centuries, in central Mexico north of Mexico City.  The 
Company shares trade on the Toronto Stock Exchange under the symbol KNV; on 
NASDAQ under the symbol KNVCF; and on the Stuttgart, Frankfurt, and Berlin 
exchanges under the symbol CNV.

Statements in this release which are not historical data are forward looking 
and involve a number of risks and uncertainties, including but not limited to 
the price of commodities, currencies, production, construction, and 
permitting or regulatory delays, reserve estimation of tonnage, grade and 
metallurgical recoveries, exploration success and reserve growth, litigation, 
capital costs, and other risks that are detailed in the Company's SEC filings.

CONTACT:  Consolidated Nevada Goldfields Corporation, Denver, Colorado
          Phone (303) 296-3200    Fax (303) 296-9130