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): February 3, 1998
Commission File Number: 0-10104
LA TEKO RESOURCES LTD.
(Exact Name of Registrant as Specified in its Charter)
BRITISH COLUMBIA 87-0483319
(State or other jurisdiction of (IRS Employer Identification No.)
incorporation or organization)
625 HOWE STREET, SUITE 500
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 changed since
last report)
ITEM 5: OTHER EVENTS
La Teko Resources Ltd. ("La Teko") reported on February 3, 1998, that True North
Joint Venture operator, Newmont Alaska Limited, has proposed a $3.7 million
dollar program for the project in 1998. True North is an advanced
exploration/development gold project in the Fairbanks Mining District, Alaska,
in which Newmont is earning a 65% interest.
Pre-Feasibility Study
Engineering studies, budgeted at approximately $2.1 million, will include pre-
feasibility metallurgical work expected to be completed by June 1998. This
metallurgical testing will utilize the large diameter core samples and surface
bulk samples collected in the fall of 1997. The core will be subjected to
mineralogical examination followed by smaller diameter (eight inch) column leach
testing; while the two 25 ton bulk samples will also undergo large diameter (two
foot) column leach tests. Prior preliminary metallurgical tests have indicated
good leaching characteristics for the oxidized mineralization. Subject to
satisfactory test results and favorable market conditions, this metallurgical
testing will lay the foundation for scoping and engineering studies scheduled
for the second half of 1998. This work will encompass siting studies,
geotechnical work, engineering design, and detailed cost estimates. There will
also be some fill-in drilling in the Central Zone for reserve definition
purposes.
Exploration
A further $1.5 million Phase I budget will be directed toward exploring targets
outside the current resource area through the end of June this year. Power
auger sampling will be the key exploration took, following on from the
successful 1997 results with a program of developing and testing new targets
throughout the expanded True North property. The goal is to discover new zones
of economic mineralization within the 22 square mile property in addition to the
1.3 million ounces of gold (18.2 million tons grading 0.072 ounces gold per
ton), already outlined. A Phase II exploration program for the second half of
1998 will be considered in June.
SIGNATURES
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: March 16, 1998 By /s/ Gerald G. Carlson, President
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