MAGE Magellan Gold Corporation (PK)

CUSIP NO. 559078 209

(1) Names of Reporting Persons, S.S. or I.R.S. Identification Nos. of Above Persons

JOHN D. GIBBS

(2) Check the Appropriate Box if a Member (a) [_] of a Group* (b) [_]

(3) SEC Use Only

(4) Source of Funds*   PF

(5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)

(6) Citizenship or Place of Organization

U.S.A.

(11) Aggregate Amount Beneficially Owned by Each Reporting Person

1,340,773 shares of Common Stock

   150,000 shares of Common Stock issuable upon conversion of Promissory Note

1,991,290 shares of Common Stock issuable upon conversion of Series A Preferred Stock

(12) Check if the Aggregate Amount in the Row (11) Excludes Certain Shares* [_]

(13) Percent of Class Represented by Amount in Row (11)   60.40% 

(14) Type of Reporting Person*     IN

*SEE INSTRUCTION BEFORE FILLING OUT!

The class of securities to which this statement relates is common stock, par value $.001 per share (the "Common Stock") of Magellan Gold Corporation, a Nevada corporation (the “Company”). The address and principal executive offices of the Company is 500 Marquette Avenue NW, #1200, Albuquerque, NM 87102.

(a) - (c)                John D. Gibbs; 807 Wood N Creek, Ardmore, OK  73041, President of TriPower Resources, 16 E. Street SW, Ardmore, OK 73401.

(d) - (f)                The natural person referred to above is a United States Citizen. During the last five years, he has not been ( i ) convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

Item No. 3 is hereby amended to read as follows:

On September 30, 2019, Mr. Gibbs acquired 199,129 Shares of Series A Convertible Preferred Stock pursuant to an Agreement to Convert Debt. The amount of converted debt was $1,991,290 giving the Series A shares a stated value of $10.00 per share. The conversion price is $1.00 per share.

The securities of the Company were acquired by Mr. Gibbs for investment. Mr. Gibbs reserves the right to acquire or dispose of additional shares of the Company’s common stock, either in open market purchases or in private transactions.

Item No. 5 is hereby amended to read as follows:

(a)       At the close of business on October 31, 2019, Mr. Gibbs would be deemed the beneficial owner, within the meaning of Rule 13d-3 under the Exchange Act, of an aggregate of 3,482,063 shares, consisting of 1,330,443 shares owned individually, a Promissory Note convertible into 150,000 shares of Common Stock (excluding any future accrued interest that may be convertible), 10,330 shares owned by Tri Power Resources, Inc., controlled by Mr. Gibbs and 1,991,290 shares of Common Stock issuable upon conversion of Series A Convertible Preferred Shares (excluding any accrued interest that may be convertible). The securities represent 60.40% of the issued and outstanding shares of common stock of the Company. The foregoing is based upon 3,624,003 shares of common stock issued and outstanding as of the date of this report.

(b)       Mr. Gibbs has the sole voting and dispositive power with respect to all of the shares of common stock identified in Item 5(a) above, except as noted.

(c)       Mr. Gibbs has not purchased or sold any shares of common stock during the past 60 days, except as disclosed herein.

(d)       Not applicable.

(e)       Not applicable.

Not applicable.

None.

SIGNATURE

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.