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): July 21, 1997
Commission File Number: 0-10104
LA TEKO RESOURCES LTD.
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(Exact Name of Registrant as Specified in its Charter)
BRITISH COLUMBIA 87-0483319
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(State or other jurisdiction of (IRS Employer
incorporation or organization) Identification No.)
625 HOWE STREET, SUITE 500
VANCOUVER, B.C. V6C 2T6
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(Address of Principal Executive (Zip Code)
Offices)
Registrant's Telephone Number, including Area Code:
(604) 688-0833
NOT APPLICABLE
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(Former name, former address, and formal fiscal year, if changed since
last report)
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ITEM 5: OTHER EVENTS
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La Teko Resources Ltd. (the "Company") announced on July 21, 1997, new gold
intersections, including some high grade intervals, from its True North joint
venture drilling program in Alaska. Over the past half year, Newmont
Exploration Limited ("Newmont"), joint venture operator, has significantly
increased its understanding of the stratigraphic and structural controls on the
gold mineralization at True North. This knowledge, combined with the predictive
power of Newmont's computer modeling program, has resulted in a number of new
drill holes located to fill important gaps within the known mineralized zone.
Drill hole T-616 intersected 55 feet grading 0.07 oz. Au/ton from 235 to 290
feet, further demonstrating the connection between the Shepard and Central
zones. Hole TN-625, with 30 feet grading 0.315 oz. Au/ton, occurs in a gap
between the Zeppelin and Shepard zones, currently a high priority exploration
target. Holes TN-627 and T-628, listed below, expand the area of oxide
mineralization within the Central zone.
FROM TO LENGTH GRADE OZ.
HOLE NO. (FT.) (FT.) (FT.) AU/TON TYPE ZONE
- --------- ------ ------ ------ -------- ------- --------
T-616 235 290 55 .07 Oxide Shepard
T-625 0 10 10 .052 Oxide Zeppelin
40 70 30 .315 Oxide
TN-627 135 150 15 1.524 Sulfide Central
190 250 60 .057 Oxide
305 345 40 .046 Oxide
T-628 70 90 20 .074 Oxide Central
370 445 105 .037 Sulfide
505 550 45 .588 Sulfide
These results will add to the recently announced 1.314 million ounce True North
mineral inventory, based on calculations of 18,208,000 tons having an average
grade of 0.72 oz Au/Ton. The Company is a 35% participant in the True North
joint venture, with Newmont funding all the exploration costs. The project is
situated in the Fairbanks Mining District, Alaska, on the Steese Highway, 16
north of Fairbanks and seven miles northwest of the Fort Knox mine of Cyprus
Amax. Exploration at True North continues.
La Teko Resources Ltd. is a gold exploration and development company
concentrating its efforts in the prolific Fairbanks Mining District of Alaska.
The Company has no debt and $1.5 million in working capital.
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SIGNATURES
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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 11, 1997 By /s/ Gerald G. Carlson, President
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