NEWS ROUNDUP — La Teko advancing Alaskan projects

A subsidiary of La Teko Resources (VSE) plans to resume exploration and development of its Ryan Lode and True North projects near Fairbanks, Alaska.

About 60,000 ft. of drilling is planned in an effort to increase proven and probable reserves to at least 1.25 million oz. gold by year-end. These reserves are contained within a larger geological resource, which is also expected to increase substantially.

Since 1991, La Teko has drilled 225,000 ft. of core and reverse circulation holes on the properties. A proven and probable minable reserve has been blocked out to the tune of 942,000 oz. gold, which is contained in 16 million tons grading 0.06 oz. per ton. La Teko says 75% of these reserves are classified as proven and have been certified by an independent engineering firm.

During this year’s program, La Teko will continue to perform baseline studies on the Ryan Lode and will begin studies at True North. This work is expected to lead, later this year, to final feasibility studies and applications for permits.