|The Richest Gold Producer in the Americas
Located near Lake City, Colorado, the Golden Wonder is an extremely high-grade telluride (epithermal) gold deposit. As one of only two commercial gold producers in Colorado from 1998-2007 the mine was one of the highest grade gold producers in North America with an average ore grade of 16.01 ounces (453.87 grams) per ton over an eight year period. Over 134,000 ounces of gold were produced at an average cost below $100 per ounce. Efforts are currently underway to re-establish the mine's reserves and return it to commercial production.
Exceptional Ore Grades Cover Majority of Exploration Costs
Even now, as LKA crews are engaged in probing the fracture system of the caldera in search of yet another highly enriched ore shoot, average grades of extracted vein material have exceeded 1.5 ounces (42.5 grams) per ton. This vastly exceeds industry averages of less than 0.2 ounces (5.7 grams) per ton and has enabled LKA to cover most of its exploration costs. If experts are right in their assessment of this deposit, there may be multiple, highly enriched ore shoots awaiting discovery. Less than ten percent of LKA's property has been examined to date.
Inspecting a new high-grade Vein Drilling another round Blasting a round in the vein
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Mine operations are conducted by Coal Creek Construction and the exploration program is directed by Mr. Rauno Perttu, Project Geologist. A highly skilled team of experienced advisors and consultants oversee all facets of the Golden Wonder operations.
Recent Surface Discoveries by Kinross Gold USA Could Be A Game Changer - Kinross geologists identify six new potential high-grade ore zones.
December 6, 2016 - Kinross commences drilling program to test multiple targets possessing geochemical characteristics similar to original Golden Wonder high-grade ore body.
September 21, 2016 - Kinross identifies up to six new potential ore bodies from surface exploration work. Four sites permitted for drilling in late 2016.
July 15, 2015 - Kinross Gold USA commences detailed surface exploration over a wide area centered
around Golden Wonder claims.
March 9, 2015 - LKA Reports Drilling Progress. Initial vein intercepts average 10.86 Oz Gold Per Ton
April 17, 2014 - Golden Wonder gold grades exceed anything seen thus far in current exploration program, 5.5 oz (156 grams) per ton.
May 21, 2013 Q-1 Gold Ore Shipments Up 90% Over Year-Ago Period
February 28, 2013 2012 Gold Sales Increase 100% Over Previous Year
November 20, 2012 - LKA Reports Gold Sales Up 140%
November 7, 2012 - Golden Wonder Ore Sales Up 24% Over Previous Quarter
August 13, 2012 - LKA reports profitable 2nd quarter. Gold ore deliveries up 337%
March 29, 2012 - Gold Values From Exploration Program Exceed $1.27 Million in 2011.
"...Clay mineralogy from soil samples defines a mappable dickite zone that is interpreted to represent strataform alteration developed along the base of a flow breccia carapace in the rhyolite dome. This low pH, high temperature alteration clay suggests there is hydrothermal fluid upflow along the inferred northeast extension of the
Golden Wonder structure up to 500 meters northeast of the current mine workings. High level,opaline quartz + alunite alteration developed in andesitic lithologies in the Horse Creek area suggest the mineralized zone extends over 1,000 meters northeast of the Golden Wonder mine. Both of these drill target areas represent the opportunity to explore and discovery bonanza grade gold mineralization, along with exploring the immediate extension of gold mineralization in the Golden Wonder mine."
Jeffrey A Cary, M.Sc. for Kinross Gold USA