The Richest Gold Producer in North America
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 Current 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 chute, average ore grades have exceeded 1.5 ounces (42.5 grams) per ton. This vastly exceeds industry averages of less than .2 ounces (5.7 grams) per ton and has enabled LKA to cover its exploration costs. If experts are right in their assessment of this deposit, there may be multiple, highly enriched ore chutes 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 YouTube Video YouTube Video YouTube Video
Mine operations are conducted by Coal Creek Constructionand 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 Events: 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.
Excerpts from some highly respected American and Canadian geologists:
"The fact that high-grade gold was discovered at the boiling zone elevation on both sides of the canyon that separates the Golden Fleece from the Golden Wonder and these are the only two exposures of the boiling zone, strongly suggests that gold mineralization occurs semi-continuously along the boiling zone elevation within the northeast-trending ore structure for several miles. I postulate that the boiling zone below the surface contains additional ore bodies, possibly several. The very high grade multi-ounce per ton nature of the Golden Wonder ore means that new ore bodies, of even limited size, can contain large volumes of gold, possibly much more than the 140,000 ounces produced at the Golden Wonder to date. Telluride systems, such as the Golden Wonder, can be multi-million ounce in ultimate size...."
Rauno Perttu - Project Geologist
“……The Golden Wonder Mine mineralization could also be related to a bigger hydrothermal system potentially linked with the Eureka Graben fracture system which played an important role in the location of some other gold veins known to the W-SW of Lake City area (Sunnyside, Idarado). Major Gold-Tellurides deposits are known elsewhere in the world (Cripple Creek in Colorado, 24 M oz district – Golden Sunlight & Zortman-Landusky in Montana, 4.1 M oz – Emperor in the Fiji, 10 M oz – and Porgera in Papouasie New-Guinea, 10 M oz). Golden Wonder area may not necessarily contain such a resource but the potential grades of that kind of structure and the fact that these mineralization types occur in complex systems of veins, breccias and disseminations gives a lot of exploration opportunities.”
Marie France Bugnon, Geologist, M.Sc. Manager, Exploration-Cambior, Inc.
“…..The Golden Wonder deposit is a member of the "telluride gold" class of ore deposits. Other members of the telluride gold class, such as Cripple Creek and Red Mountain in Colorado and Kalgoorlie in Australia, have produced multi-million ounce gold deposits with vertical extents of over 1500-2500 feet."
Clyde L. Smith, Ph.D., P.Eng,
" ......Obviously, the Golden Wonder rhyolite (host) has a quite significant, albeit unknown aerial extent. Likewise, the vertical limits of the rhyolite are totally unknown, and as has been pointed out in this report, it is expected that it would extend downward along its vent source to the original magma chamber from which the rhyolitic magma was derived. A number of mineralized vein structures have been recognized on Gold Hill above and for a considerable distance to the east of the Golden Wonder mine. At the time of the author's initial geological studies on this area in the 1960's, it became apparent that mineralization was widespread throughout a broad area beyond the recognized Golden Wonder vein structure. Evidence suggests the vein structure continues downward to a still undetermined depth.