-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Gnb8VjkXILDeUYhx6J6DF3v/YyVOpXM8nEN9IXY3UTGDtFoQtWC3JVZ3CW4BELaC Ny7EN/xdsUTcIkiJTOw2xg== 0000914233-97-000073.txt : 19970514 0000914233-97-000073.hdr.sgml : 19970514 ACCESSION NUMBER: 0000914233-97-000073 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19970512 ITEM INFORMATION: Other events FILED AS OF DATE: 19970513 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: LA TEKO RESOURCES LTD CENTRAL INDEX KEY: 0000357281 STANDARD INDUSTRIAL CLASSIFICATION: GOLD & SILVER ORES [1040] IRS NUMBER: 870483319 STATE OF INCORPORATION: A1 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-10104 FILM NUMBER: 97601915 BUSINESS ADDRESS: STREET 1: 50 WEST BROADWAY STREET 2: SUTTE 800 CITY: SALT LAKE CITY STATE: UT ZIP: 84101 BUSINESS PHONE: 8014661402 MAIL ADDRESS: STREET 1: 180 EAST 2100 SOUTH STREET 2: STE 204 CITY: SALT LAKE CITY STATE: UT ZIP: 84115 8-K 1 - ---------------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT UNDER TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): MAY 8, 1997 Commission File Number: 0-10104 LA TEKO RESOURCES LTD. (Exact Name of Registrant as Specified in its Charter) BRITISH COLUMBIA 87-0483319 (State or other jurisdiction of (IRS Employer incorporation or organization) Identification No.) 625 HOWE STREET, SUITE 500 VANCOUVER, B.C. V6C 2T6 (Address of Principal Executive Offices) (Zip Code) Registrant's Telephone Number, including Area Code: (604) 688-0833 NOT APPLICABLE (Former name, former address, and formal fiscal year, if changed since last report) - ---------------------------------------------------------------------------- ITEM 5: OTHER EVENTS - ---------------------------------------------------------------------------- On May 8, 1997, La Teko Resources Ltd. (the "Company") reported iniital results from the first phase 1997 drilling program on its True North property, Fairbanks Mining District, Alaska,as reported by the project operator, Newmont Exploration Limited ("Newmont"). Results are from the first 26 reverse circulation drill holes of a $2.1 milion porgram schedule for completion in June 1997. The True North property is accessible by road, 16 miles northeast of Fairbanks and seven miles northwest of Cyprus Amax's Fort Knox mine. Drilling of the Central Zone was designed to provide fill-in detail between previously 400-foot fences. Drill hole 588 intersected 40 feet grading 0.119 oz. Au/Ton and 591 intersected 45 feet grading 0.182 oz. Au/Ton. Management of the Company believes that these shallow, oxidized high grade intercepts are of particular interest because they are significantly richer than adjacent, wider- spaced holes within the Central Zone. The deeper intersection in hole 591 (135 feet grading 0.084 oz. Au/Ton) represents a strike extension from previous hole 522 (110 feet grading 0.242 oz. Au/Ton) which together appear to represent a steeply dipping zone. The deep intercept in hole 590 represents a new, sulfide mineralized horizon. Drilling at Zeppelin was less successful and was hampered by poor drilling conditions, which resulted in a number of holes not reaching target. Holes drilled up-dip and down-dip from hole 568 (75 feet of 0.377 oz. Au/Ton) intersected only low grade values, while a wide-spaced step-out hole to the southwest failed to intersect the zone. Because of the spring thaw, the drills have moved out of both areas. - 2 - Newmont can earn a 65% interest in the True North property by paying $7 million to La Teko, now fully paid, and spending $21 million on exploration and development of the property, including a feasibility study. Expenditures by Newmont to the end of 1996 were $6.1 million. La Teko Resources Ltd. is a gold exploration company active in the Fairbanks Mining District of Alaska. The Company holds two projects in the advanced exploration to development, the True North and Ryan Lode, and several early stage exploration projects. TRUE NORTH DRILLING RESULTS Thickne Grade Hole No. From To (ft.) ss (oz. Zone (ft.) (ft.) Au/ton) 574 180 220 40 0.059 Zeppelin 265 285 20 0.013 575 135 145 10 0.195 Zeppelin 160 180 20 0.196 576 95 100 5 0.046 Zeppelin 115 130 15 0.016 155 170 15 0.026 578 115 130 15 0.047 Hindenburg 150 175 25 0.015 190 200 10 0.048 225 230 5 0.089 265 280 15 0.097 - 3 - 365 400 35 0.028 579 175 190 15 0.026 Zeppelin 580 40 90 50 0.024 Hindenburg 100 120 20 0.016 135 150 15 0.080 170 180 10 0.027 255 285 30 0.018 390 400 10 0.017 410 420 10 0.086 582 5 50 45 0.044 Hindenburg 85 95 10 0.090 105 150 45 0.089 584 160 170 10 0.059 Upper Central Zone 585 170 180 10 0.023 Upper Central Zone 586 150 205 55 0.076 Upper Central Zone 587 130 145 15 0.022 Hindenburg 588 0 10 10 0.048 Hindenburg 30 70 40 0.119 90 120 30 0.019 589 5 30 25 0.021 Upper Central Zone 130 145 15 0.082 340 370 30 0.071 590 45 65 20 0.030 Hindenburg 80 95 15 0.015 105 130 25 0.060 165 180 15 0.110 375 430 55 0.104 591 5 50 45 0.184 Central 185 320 135 0.082 375 435 60 0.030 592 85 95 10 0.056 Central Zone, multiple - 4 - 160 205 45 0.081 593 65 95 30 0.040 Central Zone 115 160 45 0.025 175 195 20 0.029 594 45 80 35 0.039 Zeppelin 180 195 15 0.092 595 110 120 10 0.029 Zeppelin 596 25 60 35 0.047 Hindenburg 571, 572, 573, 577, 581, and 583 had no significant values. - ---------------------------------------------------------------------------- SIGNATURES - ---------------------------------------------------------------------------- Pursuant to the requirements of section 13 or 15(d) of the Securities Exchange of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. LA TEKO RESOURCES LTD. Dated: May 12, 1997 By /s/ Gerald G. Carlson, President end -----END PRIVACY-ENHANCED MESSAGE-----