-----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, Gm37iMIFW/5flF3LryhEqx9uf2K5/SBgABcYVO9ncX9KszvXxYIgTaWM2pvLxgXo HVQTHcwZiBnN/73j7O7UnA== 0000914233-98-000060.txt : 19980505 0000914233-98-000060.hdr.sgml : 19980505 ACCESSION NUMBER: 0000914233-98-000060 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19980428 ITEM INFORMATION: FILED AS OF DATE: 19980504 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: 98609100 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 PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): April 28, 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 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 former fiscal year, if changed since last report) - ------------------------------------------------------------------------------- ITEM 5: OTHER EVENTS - ------------------------------------------------------------------------------- On April 28, 1998, La Teko Resources Ltd. announced that it and Kennecott Canada Exploration, Inc. have finalized and entered into the formal option agreement in respect to the Scheelite Dome property in central Yukon. The agreement, announced November 25, 1997, gives La Teko the right to earn a 100% interest in the project by making payments to the underlying landowner of C$135,000 and spending C$800,000 on exploration over four years. Kennecott has a 49% back-in right. With respect to the C$135,000 due to the underlying landowner, La Teko has paid C$30,000. Subject to regulatory approval, the underlying landowner has agreed to accept C$38,000 plus 43,000 common shares of La Teko in full satisfaction of the remaining C$150,000. The Scheelite Dome property contains a gold anomaly of impressive magnitude - 40 parts per billion (ppo) gold enclosing a core of 100 ppb gold in an area 4 km by 2 km, both in soils and in near surface bedrock. The anomaly lies adjacent to several 90 million year old granitic intrusive rocks, a key feature in virtually all major gold mines and deposits lying within an arcuate belt which cuts across Alaska and the Yukon. Large areas of the geochemical anomaly remain untested for a bulk tonnage deposit, as well as the potential for a smaller high grade deposit. Of particular interest are the geological and geochemical similarities between this property and the newly discovered Pogo deposit in Alaska. Pogo is known to contain 4.5 million ounces of gold at a high grade, 0.4 ounces per ton, has the potential to grow much bigger and is currently Teck's premier exploration and development project. La Teko plans to conduct an initial geological and geophysical program in June to identify specific drill site locations. A drilling program later in the summer will then test a number of areas within the gold anomaly as well as the mineralization character at depth. Management believes that the Scheelite Dome acquisition represents an excellent opportunity for a new gold discovery. It is well located within an area with a long history of gold mining activity which is enjoying a growing exploration boom in the search for world class, lode gold deposits. With La Teko's recently announced US$2.3 million financings and the current high level of exploration activity and interest in Alaska and adjacent Yukon, La Teko is very well positioned for exciting activity and growth in 1998. - ------------------------------------------------------------------------------- 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: May 4, 1998 By /s/ Gerald G. Carlson, President -----END PRIVACY-ENHANCED MESSAGE-----