SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT UNDER SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported): July 17, 1998
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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On July 17, 1998, La Teko Resources Ltd. announced that plans for a diamond
drill program on its Scheelite Dome property, central Yukon. The Scheelite Dome
property contains a strong, east-west trending gold mineralized system as
reflected by anomalous gold in soils and bedrock over an area 4 km long and 1-
1/2 km wide. The geologic setting, within felsic metamorphic rocks next to a 90
million year old granitic intrusion, is very similar to the new Teck/Sumitomo
Pogo discovery (4.5 million ounces) as well as the Fort Knox Mine and the La
Teko/Newmont True North deposit in Alaska. Another similarity with Pogo is the
gold-arsenic-antimony-bismuth geochemical signature. All of these deposits are
within the evolving Tintina Gold Belt.
In June, under the direction of Equity Engineering Ltd., the Company completed a
12 km induced polarization geophysical survey. This survey identified several
high chargeability anomalies at depth. These appear to correlate with important
structures previously identified on surface by Kennecott Canada Exploration Inc.
("Kennecott") within areas of strong gold geochemical anomalies. However, they
would not have been intersected by Kennecott's previous drilling on the
property. There is a high probability that these anomalies, at interpreted
depths of 50 to 100 m and widths of 25 m or more, represent zones of
concentrated sulphide mineralization.
La Teko has an option to earn a 100% interest in Scheelite Dome from Kennecott
by spending C$800,000 on exploration over four years and paying C$135,000 to the
underlying claim owner (fully paid). Kennecott can either retain a 2% NSR or
exercise a 49% back-in right at a decision to mine. The property is road
accessible, 25 km northwest of Mayo.
The Company's drilling program will include a minimum of 1,000 m of core
drilling and is expected to commence in early August.
In other news, in the private placement of 700,000 units of the Company
announced April 24, 1998, the sale of 200,000 units to Thermo Dynamics Ltd., a
company owned by Mr. John Hardesty, a La Teko director, has closed. The sale of
the remaining 500,000 units has not closed and will be withdrawn.
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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: July 20, 1998 By /s/ Gerald G. Carlson, President
