The LKA Strategy
LKA acquires and develops properties in politically stable jurisdictions capable of yielding high profit margins even during volatile economic conditions. The Company looks for projects in advanced stages of exploration that can generate a cash flow within a relatively short period of time.
LKA is currently engaged in the search for another bonanza-grade ore body adjacent to one of the richest gold deposits in the Americas. During the Company’s ownership, an extraordinarily rich gold deposit was discovered, developed, and mined on LKA property yielding some of the highest ore grades of any commercial gold deposits in modern times. LKA’s Golden Wonder mine has a production history (Life Of Mine) of 141,510 ounces of gold at an astonishing average ore grade of 11.63 ounces (362 grams) gold per ton and costs, during commercial production, of less than $100 per ounce. Due to the unique geology of this deposit, LKA believes that one, or possibly several, more high-grade ore bodies may exist near the original discovery on its property.
Exploration is currently in the advanced stages and multiple zones possessing many of the same characteristics of the original discovery have been already been identified. Exploratory mining conducted by LKA crews (2009-2015) yielded over $5.1 million which has covered a large portion of the Company’s exploration cost to date. Extensive surface evaluation work and an initial drilling program has been conducted by Kinross Gold USA (2015-2017) and is expected to be followed up by LKA in 2018.
LKA has proven that, with the right properties and management team, enormous capital investment and muti-decades of development are not necessarily required to achieve profitable gold production.
For Golden Wonder production and shipment records, mining videos, and geological reports go to “Golden Wonder Mine” on this website.