-----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, Swkr0eom6QRLJa0ZimZ0lTrpBaEdKvTskBlfULOUwlHV+l5GL49Tf/cC/NjtCyI9 Tk2r3YlUlc22lDmBYaofvQ== 0000914233-97-000137.txt : 19970912 0000914233-97-000137.hdr.sgml : 19970911 ACCESSION NUMBER: 0000914233-97-000137 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19970813 ITEM INFORMATION: FILED AS OF DATE: 19970828 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: SEC FILE NUMBER: 000-10104 FILM NUMBER: 97671526 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): August 13, 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 (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 - ------------------------------------------------------------------------------- La Teko Resources Ltd. (the "Company") announced on August 13, 1997, that Newmont Exploration Limited ("Newmont"), joint venture operator, has approved a $1.6 million 1997 Phase II exploration program for the True North Joint Venture project, Fairbanks Mining District, Alaska. This is in addition to the $2.1 million Phase I program already completed, bringing the total 1997 program to $3.7 million. Exploration expenditures by Newmont prior to 1997 total $6.1 million. The focus of the Phase I drilling program, carried out from March through June 1997, was the addition of gold to the True North mineral inventory by drilling extensions and fill-in holes around and within the currently defined mineralization. This program was successful, as demonstrated in the following table of highlights from assay data which have been released over the last six months. Some of the deeper intercepts may or may not be continuous with the main mineralized body. LENGTH GRADE OZ. HOLE NO. FROM (FT.) TO (FT.) (FT.) AU/TON - -------------- ----------- --------- --------- --------- Central Zone TN-522* 245 355 110 .242 TN-588 30 70 40 .119 TN-591 5 50 45 .182 TN-597* 255 275 20 2.079 TN-600 130 160 30 .327 TN-615* 430 475 45 .208 TN-627 135 150 15 1.524 TN-628* 505 550 45 .488 Shepard/Zeppelin TN-568 70 145 75 .377 TN-617* 245 345 100 .067 TN-625 40 70 30 .315 On June 5, 1997, the Company announced Newmont's updated mineral inventory calculation as 18,208,000 tons grading .072 oz Au/ton gold, or 1.314 million contained ounces. That mineral inventory will have already expanded, since many of the new results were not included in the calculation. The Phase II exploration program will have a shift in focus, from drilling within and around the known gold zones to stepping out and testing new targets. Over the past several months, Newmont has completed detailed investigations of the geological, structural, and alternation patterns associated with the gold mineralization at True North. From this, several high priority targets which have the potential to host gold mineralization in zones similar to those already identified have been established. One of these, the New Zone, has already seem some drilling and has returned some high grade intercepts (TN-541 - 65 ft. of .178 oz. Au/ton; TN-609 - 30 ft. of .259 oz Au/ton and 55 ft. of .335 oz Au/ton) and is open for expansion. This zone has not yet been sufficiently defined to be included in resource calculations. The discovery of one or more new mineralized zones, similar to Hindenburg or Central, would have the effect of significantly increasing the gold resource potential of the True North Property. The True North project is located 16 miles northeast of Fairbanks, Alaska, just off the paved Steese Highway, and seven miles northwest of the 350,000 ounce per year Fort Knox Mine of Cyprus Amax Minerals. La Teko 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 concentrating its efforts in the prolific Fairbanks Mining District of Alaska. The Company has no debt and $1.5 million in working capital. - ------------------------------------------------------------------------------- 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 26, 1997 By/s/ Gerald G. Carlson, President -----END PRIVACY-ENHANCED MESSAGE-----