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): June 18, 1997
Commission File Number: 0-10104
LA TEKO RESOURCES LTD.
(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 June 18, 1997, new results
from the first phase 1997 drill program on its True North Property, as reported
by project operator Newmont Exploration Limited ("Newmont"). Two significant
drill holes were returned from the New Zone, an emerging zone of higher than
average grades and significant tonnage potential quite separate from the area of
the recently announced 1,314 million ounce True North mineral inventory which
was based on calculations of 18,208,000 tons having an average grade of 0.72 oz.
Au/ton. Hole T-609 intersected 30 feet of 0.259 oz. Au/ton from 110 to 140
feet, followed by 55 feet grading 0.335 oz. Au/ton from 195 to 250 feet. Hole
TN-610 intersected 10 feet of 0.077 oz. Au/ton from 15 to 25 feet, followed by
135 feet grading 0.037 oz. Au/ton from 235 to 350 feet. Management of the
Company believes these results from widely spaced holes are important because
they show the potential of the new Zone to develop into a significant new
deposit and to add to the gold inventory of True North.
Fill-in drilling within the main mineralized zone continues to produce good
grades between existing widely spaced holes. In the Central Zone, hole TN-591
hit 45 feet grading 0.182 oz. Au/ton near surface, followed by a deeper zone of
135 feet grading 0.084 oz. Au/ton. TN-597 intersected a deep zone of 20 feet of
2.079 oz. Au/ton, and TN-600 intersected 30 feet of 0.327 oz. Au/ton. These and
previously announced higher grade results from recent drilling in the Central
Zone continue to add ounces within the area of the existing gold deposits.
A selected list of significant assay results is shown on the attached table.
The True North Property is accessible by road, 16 miles northeast of Fairbanks
and seven miles northwest of Cyprus Amax's Fort Knox mine. Today's announced
results are from 28 reverse circulation drill holes which are part of a $2.1
million program scheduled for completion in June 1997. Newmont, must spend $27
million in order to earn a 65% interest in the True North Property, including $6
million in payments to La Teko, now fully paid. Expenditures by Newmont on
exploration to the end of 1996 were $6.1 million.
La Teko is a gold exploration company active in the Fairbanks Mining District of
Alaska. The Company holds two projects in the advanced exploration to
development stage, True North and its 100% owned Ryan Lode project, as well as
several early stage exploration projects.
SELECTED TRUE NORTH DRILL RESULTS
JUNE 18, 1997
FROM TO WIDTH GRADE OZ.
HOLE NO. (FT.) (FT.) (FT.) AU/TON TYPE ZONE
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TN-591 5 50 45 0.182 Oxide Central
185 320 135 0.084 Sulfide
TN-592 65 95 30 0.056 Oxide Central
160 205 45 0.081 Sulfide
TN-597 205 220 15 0.026 Sulfide Central
255 275 20 2.079 Sulfide
TN-600 130 160 30 0.327 N/A Central
TN-609 110 140 30 0.259 N/A New
195 250 55 0.335 N/A
T-610 15 25 10 0.077 N/A New
235 350 135 0.037 N/A
TN-615 180 195 15 0.020 Oxide Shepard
345 355 10 0.021 Oxide
375 385 10 0.030 Oxide
430 475 45 0.208 Sulfide
T-617 140 150 10 0.017 N/A Shepard
245 345 100 0.067 N/A
385 395 10 0.024 N/A
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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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