-----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, MD/DurZeMWnogyz7tBwHzt3TUBifwlRIh/dpkRXALbYmZ2iOeo8NPwi9r/tWg2DE xKiD68Docfrhg3Rr12cG1Q== 0000914233-97-000049.txt : 19970409 0000914233-97-000049.hdr.sgml : 19970409 ACCESSION NUMBER: 0000914233-97-000049 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19970326 ITEM INFORMATION: Other events FILED AS OF DATE: 19970407 SROS: NASD 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: 97575807 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): MARCH 26, 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.) SUITE 500, 625 HOWE STREET VANCOUVER, B.C. V6C 2T6 (Address of Principal (Zip Code) Executive 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 - -------------------------------------------------------------------------- On March 26, 1997, La Teko Resources Ltd. (the "Company") announced assay results from a drill hole completed late last year on its True North property. Drill hole #568 encountered a high grade extension into the Zeppelin zone. The hole intersected a gold mineralized zone of 75 feet, believed to very close to true thickness with an average grade of 0.377 oz. Au per ton. Management of the Company is excited by this result and believes it is one of the highest grade holes yet drilled on the property, opening up a very promising extension of the Zeppelin to the southwest. This hole along with others announced in January of this year (see table below), is both higher grade and thicker than most of the previous intercepts on the property. It demonstrates the potential of these new zones to significantly increase reserves. INTERVAL (FEET) GRADE ------------------ WIDTH OZ. HOLE ZONE FROM TO (FEET) AU/TON - -------- -------------- -------- ------ ------ -------- 522(2) Central (deep) 245 ....... 355 110 0.242 539(2) New Zone ...... 40 ....... 95 55 0.123 .............. 140 ....... 160 20 0.121 541(2) New Zone ...... 165 ....... 230 65 0.178 568(1) Zeppelin ...... 70 ....... 145 75 0.377 incl. .............. 70 ....... 100 30 0.611 incl. .............. 100 ....... 145 45 0.221 (1) New results (2) Previously announced A number of additional core holes from the 1996 program are in the process of being split for assay. Newmont Exploration, Ltd. ("Newmont") has informed the Company that it has commenced its 1997 drilling program on the True North joint venture. The first hole, number 571, is located to test the high grade Zeppelin extension identified in hole 568. A second drill will be added within a week, as part of the previously announced $21. million program which will extend into June 1997. The True North property is located 16 miles northeast of Fairbanks, Alaska, just off the paved Steese Highway, and seven miles northwest of the Fort Know Mine of Cyprus AMAX Minerals. The Company has received $6 million in cash payments from Newmont which is earning a 65% interest in the property. Newmont must now complete a feasibility study which recommends placing the property into production and spend the first $21 million in exploration and development costs. La Teko Resources Ltd. is a gold exploration company active in Alaska. The Company holds two projects in the advanced exploration to development stage, True North and Ryan Lode, and several early stage exploration projects. - -------------------------------------------------------------------------- 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: April 2, 1997 By /s/ Gerald G. Carlson, President -----END PRIVACY-ENHANCED MESSAGE-----