-----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, KwHx30F1vDpFLMaehgg+Ft0glz1v0XcEp4mh/dXMJvTDgS5ENScPeLsuIrifCvdj XVAndBNpnsEkxzu+LOEJdg== 0000914233-97-000145.txt : 19970922 0000914233-97-000145.hdr.sgml : 19970922 ACCESSION NUMBER: 0000914233-97-000145 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19970917 ITEM INFORMATION: FILED AS OF DATE: 19970918 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: 97682139 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): September 17, 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 September 17, 1997, that Newmont Exploration Limited ("Newmont"), joint venture operator, has provided initial results from the Phase II exploration program on the True North Joint Venture project, Fairbanks Mining District, Alaska. A promising new gold zone, named the Merlyn, has been intersected in three drill holes. Hole TN-648 intersected 30 feet grading 0.314 oz. Au/ton of sulfide mineralization at 180 feet depth and hole TN-661 intersected 25 feet grading 0.118 oz. Au/ton of probable oxide mineralization at 65 feet depth. Assays are awaited for the third intercept. The Merlyn Zone is located west of the Shepard deposit. Newmont is continuing to test other new targets developed through geological, structural, and alteration studies based on patterns identified from the known gold zones at True North. This work is part of Newmont's expanded $3.7 million program for the True North joint venture in 1997. In a new aspect of the program, Newmont has commenced initial engineering studies. A 2,000 foot, larger diameter (PQ - 3 3/8 inch) core drilling program is in progress in the Hindenburg and Shepard deposits to extract mineralized material for metallurgical testing. Surface bulk sampling from the Hindenburg and Shepard deposits for large diameter column leach testing is under consideration. Preliminary studies for the placement of leach pads and waste dumps, which will include drilling to examine soil and bedrock conditions, are also underway. Newmont has also added two additional parcels of land which will become part of the True North joint venture. A 263 acre Exclusive Minerals Exploration Permit with the Alaska Mental Health Trust Authority was assigned to Newmont from Placer Dome U.S., Inc. One of four holes drilled last year on this block intersected 62 feet grading 0.054 oz. Au/ton, starting from bedrock surface. The second block consists of 38 State of Alaska mining claims covering approximately 1,520 acres acquired from BSTC Corporation. This brings the total area of the True North joint venture lands to approximately 10,794 acres, or 16.9 square miles, nearly four times the size of the property when it was originally optioned to Newmont in 1995. Based on drilling to the end of 1996, Newmont calculated a mineral inventory of 18,208,000 tons at an average grade of 0.072 oz. Au/ton, for a contained gold resource of 1,311,899 ounces of gold (see June 5, 1997 news release). The Company believes the 1997 Phase I program has expanded this resource significantly. Project drilling statistics to date are as follows: Pre-1977 Jan-Aug 1997 Project Totals -------------- --------------- --------------- No. Footage No. Footage No. Footage --- ------- --- ------- --- ------- RC Drill Holes 444 116,836 93 32,650 537 149,486 Core Drill Holes 109 39,888 - - 109 39,888 --- ------- --- ------- --- ------- Total Drill Holes 553 156,724 93 32,650 656 189,374 === ======= === ======= === ======= [Map attached indicating location of existing and new acreage.] 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 $1.0 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: September 18, 1997 By /s/Gerald G. Carlson, President - 4 - -----END PRIVACY-ENHANCED MESSAGE-----