President & Chairman
We’re still a bit puzzled as to why many of the best targets that were identified by the surface evaluation program were left undrilled by Kinross. A couple of the holes encountered the exact same characteristics that we find in the bonanza-grade zone of the first ore shoot….breccia, gold & silver tellurides and more. With only five holes drilled over a wide area we’ve barely gotten a peek at this property’s potential.
As we’ve discussed in recent press releases, through extensive surface work on LKA mining claims, Kinross geologists identified multiple, potential ore zones…actually six of them. The five holes drilled last year by Kinross were far to few and widely dispersed (only a single hole in four of the six targets) to provide us with a real look or draw any conclusions. Trying to locate an ore body that’s likely to be only 100 feet +/- long and 3-4 feet wide with a 2″ drill from the surface takes a bit more effort. If it were that easy we would have found it a long time ago. We are still convinced the same geologic conditions that formed our first bonanza-grade ore shoot spawned several others…the tendency for these types of deposits. As I’ve discussed in previous updates, multiple ore bodies possessing anywhere near the size and grades of our first discovery would be a literal bonanza for LKA shareholders. Of course it’s going to take some more money and more work but we have the Kinross data and 100% of our project.
Our project geologist, Rauno Perttu prepared a report on the Kinross effort for LKA management that summarizes his view on this subject. You can read his report by clicking on the Presentations & Reports section of this site.
For more commentary on this subject you should read my previous updates entitled:
“Why LKA Should Be a Part of Every Gold Portfolio” and “Why a 150,000 oz Golden Wonder discovery beats anyone else’s 1.5 million ounce deposit.”
As always, you’re welcome to contact me directly with any questions or comments: email@example.com
**To read these and all previous President’s Email Updates simply click on the “Archive” button below**
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.