-----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, M/cRH4at+6y53uVafzXpiKFvJNU1Q1zXOr8QuxvABuRh6Cc+Aiui4cNPT+yL+wrR e/uS4EK3rI5g6Az8sGsnpg== 0000914233-97-000115.txt : 19970813 0000914233-97-000115.hdr.sgml : 19970813 ACCESSION NUMBER: 0000914233-97-000115 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19970618 ITEM INFORMATION: Other events FILED AS OF DATE: 19970812 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: 97656081 BUSINESS ADDRESS: STREET 1: 625 HOWE ST STREET 2: STE 500 CITY: VANCOUVER, B.C. STATE: A1 ZIP: 84101 BUSINESS PHONE: 6046880833 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): June 18, 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 (Zip Code) Offices) 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 - ------------------------------------------------------------------------------- La Teko Resources Ltd. (the "Company") announced on June 18, 1997, new results from the first phase 1997 drill program on its True North Property, as reported by project operator Newmont Exploration Limited ("Newmont"). Two significant drill holes were returned from the New Zone, an emerging zone of higher than average grades and significant tonnage potential quite separate from the area of the recently announced 1,314 million ounce True North mineral inventory which was based on calculations of 18,208,000 tons having an average grade of 0.72 oz. Au/ton. Hole T-609 intersected 30 feet of 0.259 oz. Au/ton from 110 to 140 feet, followed by 55 feet grading 0.335 oz. Au/ton from 195 to 250 feet. Hole TN-610 intersected 10 feet of 0.077 oz. Au/ton from 15 to 25 feet, followed by 135 feet grading 0.037 oz. Au/ton from 235 to 350 feet. Management of the Company believes these results from widely spaced holes are important because they show the potential of the new Zone to develop into a significant new deposit and to add to the gold inventory of True North. Fill-in drilling within the main mineralized zone continues to produce good grades between existing widely spaced holes. In the Central Zone, hole TN-591 hit 45 feet grading 0.182 oz. Au/ton near surface, followed by a deeper zone of 135 feet grading 0.084 oz. Au/ton. TN-597 intersected a deep zone of 20 feet of 2.079 oz. Au/ton, and TN-600 intersected 30 feet of 0.327 oz. Au/ton. These and previously announced higher grade results from recent drilling in the Central Zone continue to add ounces within the area of the existing gold deposits. A selected list of significant assay results is shown on the attached table. The True North Property is accessible by road, 16 miles northeast of Fairbanks and seven miles northwest of Cyprus Amax's Fort Knox mine. Today's announced results are from 28 reverse circulation drill holes which are part of a $2.1 million program scheduled for completion in June 1997. Newmont, must spend $27 million in order to earn a 65% interest in the True North Property, including $6 million in payments to La Teko, now fully paid. Expenditures by Newmont on exploration to the end of 1996 were $6.1 million. La Teko is a gold exploration company active in the Fairbanks Mining District of Alaska. The Company holds two projects in the advanced exploration to development stage, True North and its 100% owned Ryan Lode project, as well as several early stage exploration projects. SELECTED TRUE NORTH DRILL RESULTS JUNE 18, 1997 FROM TO WIDTH GRADE OZ. HOLE NO. (FT.) (FT.) (FT.) AU/TON TYPE ZONE - ---------- ------ ------- ----- -------- ------- --------- TN-591 5 50 45 0.182 Oxide Central 185 320 135 0.084 Sulfide TN-592 65 95 30 0.056 Oxide Central 160 205 45 0.081 Sulfide TN-597 205 220 15 0.026 Sulfide Central 255 275 20 2.079 Sulfide TN-600 130 160 30 0.327 N/A Central TN-609 110 140 30 0.259 N/A New 195 250 55 0.335 N/A T-610 15 25 10 0.077 N/A New 235 350 135 0.037 N/A TN-615 180 195 15 0.020 Oxide Shepard 345 355 10 0.021 Oxide 375 385 10 0.030 Oxide 430 475 45 0.208 Sulfide T-617 140 150 10 0.017 N/A Shepard 245 345 100 0.067 N/A 385 395 10 0.024 N/A - ------------------------------------------------------------------------------- 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: August 11, 1997 By /s/ Gerald G. Carlson, President - 5 - -----END PRIVACY-ENHANCED MESSAGE-----