The Greatest Treasure Hunt in the West
Sunset - 6 Level Golden Wonder Mine
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.
Searching for another bonanza-grade ore body at one of the world’s richest historical gold deposits
Along with exploration partner, Kinross Gold, USA, LKA is searching for another bonanza-grade ore body at one of the richest gold deposits in the Americas. The Company’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. 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.
Life of Mine average grade – 11.63 oz (362 grams) gold per ton Read More
Exploratory mining at LKA’s Golden Wonder mine yields exceptional gold grades (up to 78 ounces gold per ton) as the Company attempts to re-establish high-grade reserves and return to commercial production. Recent surface exploration conducted by Kinross geologists identified up to six potential new ore zones on the Company’s claims. LKA believes this provides investors an unparalleled opportunity to participate with one of the world’s preeminent gold producers in what may be “The Greatest Treasure Hunt In The West.”
Q-4 2016 – Kinross commences drilling on four permitted sites.
Q-3 2016 – Kinross adds another site to 2016 drilling program.
Q-2 2016 – Kinross Gold locates six new potential high-grade zones adjacent to Golden Wonder mine.
Q-2 2015 – LKA and Kinross Gold USA sign exploration & option agreement.
Q-3 2014 – Completes $1.8 million in equity financing to expand exploration program and repurchase 3.5 million shares.
Q-2 2014 – Golden Wonder gold grades exceed anything seen thus far in current exploration program, 5.5 oz (171 grams) per ton.
Q-1 2013 – Golden Wonder exploration shipments up 90% over year-ago period.
Q-1 2013 – Completes donation of historic Ute-Ulay mill & townsite to Hinsdale County.
Q-1 2013 – Completes restructuring – name change & elimination of all long-term debt.
Q-4 2012 – Second consecutive year of exploration profit (project level). Up 147%
Q-4 2012 – 2012 Gold sales from exploration up 100% over previous year.
Q-3 2012 – LKA converts $1.5 million of debt to equity.
Q-2 2012 – Gold sales increase 337% over year-ago period as LKA records its second profitable quarter since exploration program began.
Q-2 2012 – First quarter deliveries of vein material up 183% over year-ago period. Grade continues to rise (2.48 oz per ton) as sales continue to cover expenses of Golden Wonder exploration program.
Q-4 2011 -Gold sales from exploration exceed $1.27 million and produce a profit at the “project level” for 2011.
Q-3 2011 – Gold sales from exploration result in first profitable quarter.
Q-1 2010 – Bulk sample of 128.6 tons shipped to Echo Bay Kinross facility in Republic, WA. Average grade 2.04 oz (63.45 grams) gold per ton.
Q-3 2009 -LKA crews establish existence of high-grade gold bearing structures 100′ beyond previous bonanza-grade production zone. Over 40 vein samples in this area yield average assays of 16.92 oz gold per ton.
Q-2 2009 -First bulk ore sample of 88 dry weight toms shipped to Teck-Cominco’s smelter in Trail, B.C. Average grade 3.85 ounces (120 grams) per ton.
LKA Gold News
Exploratory Ore Shipments Up 90% over Year-Ago Period
Golden Wonder 2012 Exploration Profit Up 147%
GIG HARBOR, Wash., April 10, 2013 /PRNewswire/ — LKA International, Inc. (OTCQB:LKAID) (temporary) announced today that for the second consecutive year its exploration program at the Company’s Golden Wonder mine…Read More
Golden Wonder May Contain Multiple High-Grade Ore Bodies
GIG HARBOR, Wash., April 1, 2013 /PRNewswire/ — LKA Gold Incorporated (OTCQB: LKAID temporary) announced that its project geologist has reason to believe that the existing Golden Wonder workings may be just…Read More
Kye Abraham, President & Chairman
President’s Email Messages
“The Greatest Treasure Hunt in the West?” Perhaps.
Why a 150,000 oz Golden Wonder discovery beats anyone’s else’s 1.5 million ounce deposit.
I get asked all the time why I’m so enthused about the prospects of finding another high-grade ore shoot of a mere 150,000 ounces, like our first one, vs. a…Read More