The LKA-Kinross Deal - Golden Wonder Exploration Shifts Into Higher Gear
August 3, 2015
With the financial muscle and technical expertise of the world's 7th largest gold producer joining our hunt for the next big "find" at the Golden Wonder,our exploration program has shifted into a whole new gear.
Until now, we've focused underground drilling and exploratory mining on a limited target zone. In the new exploration and JV option arrangement with Kinross, the objective is to focus Kinross efforts and resources on the largely unexplored portion of the property that comprises about 80% of our property while we continue exploration in the "carve-out" area...an expanded zone around our current workings.If THEY discover another high-grade ore shoot, or multiple shoots, measuring 50,000 ounces or more, WE'LL have the opportunity to evaluate the discovery and, if WE like it, reimburse Kinross 40.25% of their exploration expenses in exchange for a 35% joint venture interest. If Kinross turns up less than 50,000 ounces over the next 5 years, THEY walk and WE keep it to ourselves. In the meantime, if LKA makes any discoveries within the carve-out area during the same time period, WE keep it all.
From the LKA perspective, this is exactly the way to get a good look at the wider area comprising the Uncompahgre Caldera without spending millions of our own money and diluting our shareholders....with one of the best and biggest gold producers in the world.
An independent report with a slightly different perspective on this deal, and project detail, was recently prepared by CBS MarketWatch co-founder and editor-in-chief, Thom Calandra. Thom is the editor of The Calandra Report and reports on mining projects world wide. You can read Thom's report at the following link: The Calandra Report - Rocky Mountain High-Grade: LKA Gold As always, you're welcome to contact me directly with any questions or comments: email@example.com
Mr. Abraham's views and opinions may not reflect those of Kinross, regulatory authorities, or other gold industry members. His comments contain no material non-public information. This message is intended to provide investors and shareholders with management's views and opinions of current operations, objectives, and industry conditions and may contain certain forward-looking statements. For more complete assessment of project and investor risk readers are encouraged to read the Company's most recent public filings with the Securities & Exchange Commission. Mr. Abraham's statements, projections, and opinions expressed in this message are made pursuant to the "safe harbor'" provisions of the Private Securities Litigation Reform Act of 1995 and the Bespeaks Caution Doctrine.