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LA TEKO ANNOUNCES RESULTS OF INDEPENDENT ECONOMIC STUDY ON RYAN LODE

 SALT LAKE CITY, March 30 /PRNewswire/ -- La Teko Resources Ltd. (NASDAQ: LAORF) and its wholly owned subsidiary, Citigold Alaska Inc., today released results of the newly completed economic study by Mine Development Associates (MDA) on its Ryan Lode gold property near Fairbanks, Alaska. The study includes mine pit designs and cost analysis of the project.
 In January, La Teko announced that MDA had certified ore reserves of 636,000 ounces gold contained in 8.3 million tons of ore, which could be mined in an open pit having a waste-to-ore ratio of 4.5 to 1.
 The completed study indicates that approximately 540,000 ounces gold could be recovered during a six-year production life at a cost of production of less than $200 per ounce. Several combinations of processing methods are being studied, including CIP milling, vat leaching and valley heap leaching; the final decision will be based on the results of on-going metallurgical test work. La Teko estimates that construction costs will be between $10 and $25 million, based on the methods selected.
 To insure that the mine life will extend beyond the present ore reserves, La Teko is continuing its aggressive program of land acquisition and exploration. Approximately 300 acres of mining claims have been acquired or leased within the past year, giving the company a total of approximately 1,050 acres of owned or leased claims.
 The company plans a drilling program consisting of reverse- circulation drilling, core drilling and auger drilling (for geochemical soil sampling) during 1993, on the original land and on the newly acquired land, at a cost in excess of $1 million.
 -0- 3/30/93
 /CONTACT: John W. Greenslade, director if La Teko, 801-466-1437/
 (LAORF)


CO: La Teko Resources Ltd. ST: Utah IN: MNG SU:

EH -- LA016 -- 1041 03/30/93 12:10 EST
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Publication:PR Newswire
Date:Mar 30, 1993
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The other side of the mountain.

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