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): September 2, 1998
Commission file number 0-10104
LA TEKO RESOURCES LTD.
(Exact name of registrant as specified in its charter)
BRITISH COLUMBIA, CANADA 87-0483319
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
SUITE 500, 625 HOWE ST.
VANCOUVER, B.C. V6C 2T6
(Address of principal executive offices) (Zip code)
Registrant=s telephone number, including area code:
(604) 688-0833
NOT APPLICABLE
(Former name, former address and formal fiscal year, if changes since last
report)
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ITEM 5: OTHER EVENTS
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On September 2, 1998, La Teko Resources Ltd. announced that the Discovery Gulch
Option Agreement has been accepted for filing by the VSE, whereby Camnor
Resources Ltd. ("Camnor") has the right to earn a 51% interest in the company's
Discovery Gulch property in the Circle Mining District, Alaska.
The Discovery Gulch project covers in excess of 3,000 acres and is underlain by
the same variety of schists and intrusions which host Teck Corporation's Pogo
deposit. The project is road accessible. Work conducted by La Teko has defined
two significant gold in soils anomalies. The first is 1,200 feet long and up to
400 feet wide as defined by the 100 ppb gold contour with a maximum value of
1,125 ppb gold. The second anomaly is 1,500 feet long and up to 400 feet wide
and open as defined by the 25 ppb gold contour with the maximum value being
3,060 ppb gold. This work has demonstrated that the geological setting and
geochemical signature of Discovery Gulch is similar to that at the Pogo deposit
(4.5 million ounces) and several of the deposits in the Fairbanks District. The
Pogo deposit is a blind target which was discovered by drilling a gold in soil
anomaly.
Pursuant to the Option Agreement, Camnor can earn a 51% interest in the property
by making payments of US$215,000 and by completing exploration expenditures of
US$800,000 over a four-year period. A minimum exploration program of US$75,000
will be conducted on the property during 1998. Camnor will also issue 400,000
common shares to La Teko in 6 tranches of 50,000 shares. The initial payment of
US$10,000 and issuance of 50,000 shares to La Teko have been completed. The
50,000 share block will be subject to a hold period expiring December 6, 1998.
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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: September 3, 1998 By /s/ Gerald G. Carlson
Gerald G. Carlson, President & CEO
