-----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, MDh+FxYZ1fn2aEHbz3zUwnpI8xCpacBiTooDAf6SXqca14PMH7wyymAkf4GmeWDl sIkoGaXBMJNOLCkrC/z5dQ== 0000914233-98-000034.txt : 19980407 0000914233-98-000034.hdr.sgml : 19980407 ACCESSION NUMBER: 0000914233-98-000034 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19980330 ITEM INFORMATION: FILED AS OF DATE: 19980406 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: SEC FILE NUMBER: 000-10104 FILM NUMBER: 98587905 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): March 30, 1998 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 Identification incorporation or organization) 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. announced on March 30, 1998 that it has received notice from Silverado Gold Mines Ltd. ("Silverado") that Silverado wishes to terminate its option to purchase La Teko's Ryan Lode Property, Fairbanks Mining District, Alaska, effective immediately. The Ryan Lode Property contains previously announced proven and probable reserves of 14.5 million tons grading 0.056 oz. Au per ton with a strip ratio of 3.8 tons of waste per ton of ore, within which is as higher grade core of 4.6 million tons grading .09 oz. Au per ton with a strip ratio of 7.1 tons of waste per ton of ore. During the fall of 1997, Silverado completed a program of 8,855 feet of drilling in 38 drill holes within the area of the known reserve. According to Silverado, this work confirmed the continuity of gold mineralization above .1 oz Au per ton, supporting the concept of a small tonnage, high-grade operation. La Teko will now examine other options regarding the development of the Ryan Lode Property, either through ongoing development of the property by La Teko or through sale or joint venture to a third party. In other news, La Teko has closed its option to acquire a 100% interest in the Discovery Gulch property in the Circle Mining District, 100 miles northeast of Fairbanks, Alaska. In order to earn this interest, La Teko must pay the vendors $10,000 in 1998 and $35,000 annually thereafter. Work requirements are $35,000 in 1998, $100,000 in 1998, and increase in $50,000 increments annually thereafter. The option can be exercised upon completion of a feasibility study and payment of $300,000. The vendors retain a 2% NSR. In 1997, work by La Teko identified a gold-in-soil geochemical anomaly on the Discovery Gulch property, which appears to indicate a mineralized bedrock source. In an area 1,000 feet long and up to 500 feet wide, 44 of the 78 soil samples returned better than 100 parts per billion gold and elevated arsenic values. Plans for the 1998 field season include additional geochemical sampling and trenching, followed by a drilling program, if warranted. - ------------------------------------------------------------------------------- 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 6, 1998 By /s/ Gerald G. Carlson, President -----END PRIVACY-ENHANCED MESSAGE-----