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 modern history 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 Large Portion of LKA’s Exploration Cost
Even now, as LKA crews are engaged in probing the fracture system of the caldera in search of yet another highly enriched ore shoot, even the average grade of extracted vein material has 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 a substantial portion 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.                   (Golden Wonder Production & Shipments)

Recent Surface Discoveries by Kinross Gold USA Could Be A Game Changer

During an extensive surface evaluation of LKA’s mining claims, Kinross geologists identified six areas (targets) possessing geochemical characteristics remarkably similar to those found at the site of the original bonanza-grade ore shoot at the Golden Wonder mine.

                                     (Click on maps for enhanced view)

 

Four drill sites have already been permitted to test these recently discovered targets (potential high-grade ore bodies). Drilling from one site has already started.

Excerpts from some highly respected American and Canadian geologists:

Recent Events

February 28, 2017 – Kinross reports that early drilling results confirm extension of Golden Wonder structure 136 meters beyond current workings.
December 6, 2016 – Kinross commences drilling program to test multiple targets with geochemical signatures remarkably similar to original bonaza-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.

Inspecting a New High-Grade Vein

Drilling a New Round

Blasting a Round in New Rich Vein