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Golden Wonder 2012 Exploration Profit Up 147%

By April 10, 2013 No Comments

GIG HARBOR, Wash., April 10, 2013 /PRNewswire/ — LKA International, Inc. (OTCQB:LKAID) (temporary) announced today that for the second consecutive year its exploration program at the Company’s Golden Wonder mine was profitable. Gold ore sales exceeded $1.72 million in 2012, which more than doubled 2011 ore sales of $851,561. Project profits were $542,532 in 2012 vs. 219,625 in 2011. As previously announced, the average grade of ore sold was 1.55 ounces (43.9 grams) gold per ton in 2012 vs. an average grade of 1.44 ounces (40.8 grams) in 2011.

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