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 10, 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, CANADA 87-0483319
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
SUITE 500, 625 HOWE ST.
VANCOUVER, B.C. V6C 2T6
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(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 10, 1998, La Teko Resources Ltd. announced that the seven hole
drill program on the Scheelite Dome gold property in the central Yukon has been
completed. A total of 1,268 meters (4,160 feet) of core drilling was carried out
on targets selected within a 2.1 km by 1.2 km (1.3 miles by 0.8 miles) area of
the 116 square kilometer (45 square miles) property. The drill holes included
vertical and angled holes ranging in length from 147 m to 216 m (482 ft to 708
ft). Each hole successfully reached the target depth.
The Scheelite Dome drilling tested targets selected using a combination of
features, including soil and rock gold anomalies, geological structures which
are believed to be possible controlling features of the mineralization and
chargeability and resistivity anomalies from an induced polarization survey
completed in June of this year. The targets are within a strong east-west
trending gold mineralized system as outlined by anomalous gold in soils and
bedrock over an area 4 km by 1.5 km (2.5 miles by 0.9 miles). The geologic
setting, within metasedimentary rocks intruded by a 90 million year old granitic
intrusion, is very similar to the new Teck/Sumitomo Pogo discovery (4.5 million
ounces of gold) as well as the Fort Knox mine and the La Teko/Newmont True North
deposit in Alaska. All of these deposits are within the evolving Tintina Gold
Belt.
Each of the drill holes intersected primarily quartzite and phyllite
metasedimentary units with minor dykes. Within the drilling numerous sections
were variably silicified and sulphide mineralization, including arsenopyrite,
pyrite, pyrrhotite and stibnite, was present. Cross cutting quartz veins also
occurred in various sections. The rock units, alteration and structures observed
indicate that the drilling successfully tested the identified targets.
The core has been split and sent to a laboratory for gold and 32 element ICP
analysis. The results are anticipated by the end of the month and will be
released when they are available.
La Teko has an option to earn a 100% interest in Scheelite Dome from Kennecott
Canada Exploration Inc. by spending C$800,000 on exploration over four years and
paying C$135,000 to the underlying vendor (fully paid). Kennecott can either
retain a 2% NSR or exercise a 49% back-in right upon completion of a feasibility
study. The property is road accessible, 25 km (16 miles) northwest of the town
of Mayo.
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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 16, 1998 By /s/ Gerald G. Carlson, President & CEO
