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)