LKA
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GrB
PR Newswire
GIG HARBOR, Wash., Feb. 21, 2014
GIG HARBOR, Wash., Feb. 21, 2014 /PRNewswire/ -- LKA Gold Incorporated (OTCQB:LKAI) announced that its mine operator, Coal Creek Construction, has been pursuing a high-grade vein structure in this North Raise area both above and below the mine's 6th level. Ore grades in this structure, seem to diminish with depth in this particular area however, previous experience suggests this could change quickly. (Multiple vein assays in the high double digits, measured in gold ounces per ton, were encountered at slightly greater depths in earlier exploration.) Conversely, as current operations are extending a "raise" above 6 level, gold enrichment has improved dramatically.
According to LKA President, Kye Abraham, "We're especially encouraged by the vein(s) width and grade as we raise above 6 Level. We're in an area adjacent to the previous production zone, in what our project geologist calls the "boiling zone." This is approximately the same elevation in the mine where the last high-grade ore chute was discovered. At some point along this trend we expect to encounter another one…or perhaps, several."
For short videos of Mr. Abraham's discussion with lead miner, Tony Schell, concerning the North Raise workings, go to the "Projects" tab on LKA's website at: http://lkagold.com/Golden-Wonder.php. Interested parties are also encouraged to read Rauno Perttu's recent reports regarding the Golden Wonder's potential which can be found with the same web link.
Ore grades/assays and fourth quarter, 2013 shipments will be announced shortly.
About LKA's exploration program at its Golden Wonder Mine
Vein material is extracted as crews follow the volcanic vent system along the wall of the Uncompahgre Caldera. This method of exploratory mining and underground drilling proved successful in locating the first commercial ore body which yielded more than 133,000 ounces of gold from a single ore chute measuring less than 10,000 cubic feet. From 1998, through the second quarter of 2006, the average grade of Golden Wonder ore was 16.01 ozs. (454 grams) gold per ton. LKA believes that additional such ore chutes may exist on its mining claims. Upon resuming exploratory operations in the first quarter of 2009, LKA has shipped twenty-seven bulk ore samples containing more than 4,000 ounces of gold with a net value, after processing, of over $4.2 million. The Company is continuing to evaluate financing options to expand/accelerate this program. Investors are cautioned that the Company continues to generate substantial losses and additional funding and exploration work is required. A commercially viable ore reserve has yet to be established.
Safe Harbor Statement
LKA's plans to resume/expand Golden Wonder production are subject to a number of conditions including, but not limited to, favorable geology, successful exploration efforts, favorable financing terms/availability, permits, gold prices, market conditions, etc. Mining and related activities are inherently high-risk endeavors and there can be no assurance that LKA will be successful. This press release contains certain forward-looking statements. Statements contained in this press release that are not purely historical are considered forward-looking. When used in this press release, the words "plan", "target", "anticipate," "believe," "estimate," "intend" and "expect" and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding LKA Gold's future plans for exploration and/or production, future expenses and costs, future liquidity and capital resources, and estimates of ore, ore grades and mineralized material. All forward-looking statements in this press release are based upon information available to LKA Gold on the date of this press release and the Company assumes no obligation to update any such statements. Forward-looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The Company's actual results could differ materially from those discussed in this press release. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the Company's reports filed with the Securities and Exchange Commission.
Company Contact
LKA Gold Incorporated
Kye Abraham
(253) 514-6661
info@lkagold.com
http://lkagold.com
Investor Contact
Riverview Capital Enterprises?
Jonathan Barkman, President ?
?(484) 224-3032
jbarkman@riverviewcapitalent.com
SOURCE LKA Gold Incorporated
Quelle: PR Newswire
PR Newswire
GIG HARBOR, Wash., March 4, 2014
GIG HARBOR, Wash., March 4, 2014 /PRNewswire/ -- LKA Gold Incorporated (OTCQB:LKAI) as previously announced, Golden Wonder mine operator, Coal Creek Construction, continues to probe a high-grade vein structure in the North Raise area above the mine's 6th level. A limited number of vein assays taken at the commencement of the current operation, in this raise, averaged 10.37 ounces (294 grams) per ton.
Subsequently, thirty-six assays derived from the first 60 dry weight tons of this material, averaged 3.03 ounces (85.9 grams) gold per ton. Grade fluctuations in the vein and dilution (waste material) during the mining process account for most of the difference between vein assays and crushed ore assays.
According to LKA President, Kye Abraham, "The level of gold enrichment we're consistently encountering in this area is exciting. We're anxious to determine the length and vertical extent of this structure. It's right on trend and at the right elevation. Even if it doesn't prove to be the next big ore chute, it's a strong indicator that we're moving in the right direction."
It is LKA's belief, based upon prior experience, that when veins carrying gold values at these levels converge, vein widths widen (ore chute) and gold enrichment increases dramatically. The previous ore chute carried an average ore grade of 16.01 ounces gold per ton and yielded 133,000 ounces.
About LKA's exploration program at its Golden Wonder Mine
Vein material is extracted as crews follow the volcanic vent system along the wall of the Uncompahgre Caldera. This method of exploratory mining and underground drilling proved successful in locating the first commercial ore body which yielded more than 133,000 ounces of gold from a single ore chute measuring less than 10,000 cubic feet. From 1998, through the second quarter of 2006, the average grade of Golden Wonder ore was 16.01 ozs. (454 grams) gold per ton. LKA believes that additional such ore chutes may exist on its mining claims. Upon resuming exploratory operations in the first quarter of 2009, LKA has shipped twenty-nine bulk ore samples containing nearly 4,000 ounces of gold with a net value, after processing, of over $4.4 million. The Company is continuing to evaluate financing options to expand/accelerate this program. Investors are cautioned that the Company continues to generate substantial losses and additional funding and exploration work is required. A commercially viable ore reserve has yet to be established.
Safe Harbor Statement
LKA's plans to resume/expand Golden Wonder production are subject to a number of conditions including, but not limited to, favorable geology, successful exploration efforts, favorable financing terms/availability, permits, gold prices, market conditions, etc. Mining and related activities are inherently high-risk endeavors and there can be no assurance that LKA will be successful. This press release contains certain forward-looking statements. Statements contained in this press release that are not purely historical are considered forward-looking. When used in this press release, the words "plan", "target", "anticipate," "believe," "estimate," "intend" and "expect" and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding LKA Gold's future plans for exploration and/or production, future expenses and costs, future liquidity and capital resources, and estimates of ore, ore grades and mineralized material. All forward-looking statements in this press release are based upon information available to LKA Gold on the date of this press release and the Company assumes no obligation to update any such statements. Forward-looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The Company's actual results could differ materially from those discussed in this press release. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the Company's reports filed with the Securities and Exchange Commission.
Company Contact
LKA Gold Incorporated
Kye Abraham
(253) 514-6661
info@lkagold.com
http://lkagold.com
Investor Contact
Riverview Capital Enterprises?
Jonathan Barkman, President ?
(484) 224-3032
jbarkman@riverviewcapitalent.com
SOURCE LKA Gold Incorporated
Quelle: PR Newswire
PR Newswire
GIG HARBOR, Wash., March 14, 2014
GIG HARBOR, Wash., March 14, 2014 /PRNewswire/ -- LKA Gold Incorporated (OTCQB:LKAI) announced that Thom Calandra, a widely recognized researcher and specialist in undervalued resource companies, recently revealed to his subscribers in the The Calandra Report that he would begin buying stock in LKA Gold.
According to Mr. Calandra, "I am going to purchase this one as soon as our TCR report goes out this minute…"
Mr. Calandra went on to point out that the initial exploration on LKA's Golden Wonder mine was funded through a tax-shelter limited partnership that included flamboyant gold investors such as Mark Skousen, the late James U. Blanchard III, and Doug Casey…..and they're still in it. Calandra said of LKA's high-grade, Colorado gold producer, "….looks like it might have another elusive ore shoot within its reach." Calandra cautions that, at present, "there is no established resource (commercial reserve) at LKA's Golden Wonder mine but the grades of exploratory ore that the mine is shipping are near or surpass 2 ounces per ton in many cases. During the good old days of 2005 and prior, and even on the occasional charged stringer, that ounces-per-ton measure has been in the teens. We'll see."
Thom Calandra is the editor of The Calandra Report, (www.thomcalandra.com) is a paid subscription investment newsletter that specializes in on-site visits and reporting on deeply undervalued resource companies. Mr. Calandra is widely regarded as a researcher and is a frequent speaker at investment conferences around the world. Mr. Calandra is also a principal at Torrey Hills Capital (www.torreyhillscapital.com). Calandra previously co-founded, and was founding editor of, CBS MarketWatch, one of the world's largest financial web sites. He also co-founded Ticker Trax for Stockhouse.com (www.stockhouse.com) Canada's #1 financial portal and North America's largest natural resource site for small cap investor communities.
The Calandra Report subscription information is available at: https://www.paypal.com/cgi-bin/...&hosted_button_id=UNBMNH3LW8ZLE for Paypal information.
Mr. Calandra is not an affiliate of LKA Gold and was not paid for any reports or comments concerning LKA.
About LKA's exploration program at its Golden Wonder Mine
Vein material is extracted as crews follow the volcanic vent system along the wall of the Uncompahgre Caldera. This method of exploratory mining and underground drilling proved successful in locating the first commercial ore body which yielded more than 133,000 ounces of gold from a single ore chute measuring less than 10,000 cubic feet. From 1998, through the second quarter of 2006, the average grade of Golden Wonder ore was 16.01 ozs. (454 grams) gold per ton. LKA believes that additional such ore chutes may exist on its mining claims. Upon resuming exploratory operations in the first quarter of 2009, LKA has shipped twenty-seven bulk ore samples containing more than 4,000 ounces of gold with a net value, after processing, of over $4.2 million. The Company is continuing to evaluate financing options to expand/accelerate this program. Investors are cautioned that the Company continues to generate substantial losses and additional funding and exploration work is required. A commercially viable ore reserve has yet to be established.
Safe Harbor Statement
LKA's plans to resume/expand Golden Wonder production are subject to a number of conditions including, but not limited to, favorable geology, successful exploration efforts, favorable financing terms/availability, permits, gold prices, market conditions, etc. Mining and related activities are inherently high-risk endeavors and there can be no assurance that LKA will be successful. This press release contains certain forward-looking statements. Statements contained in this press release that are not purely historical are considered forward-looking. When used in this press release, the words "plan", "target", "anticipate," "believe," "estimate," "intend" and "expect" and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding LKA Gold's future plans for exploration and/or production, future expenses and costs, future liquidity and capital resources, and estimates of ore, ore grades and mineralized material. All forward-looking statements in this press release are based upon information available to LKA Gold on the date of this press release and the Company assumes no obligation to update any such statements. Forward-looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The Company's actual results could differ materially from those discussed in this press release. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the Company's reports filed with the Securities and Exchange Commission.
Company Contact
LKA Gold Incorporated
Kye Abraham
(253) 514-6661
info@lkagold.com
http://lkagold.com
Investor Contact
Riverview Capital Enterprises?
Jonathan Barkman, President ?
(484) 224-3032
jbarkman@riverviewcapitalent.com
SOURCE LKA Gold Incorporated
Quelle: PR Newswire
In Euro: 0,3593 € | Nasdaq OTC Other, 18.03.14::::: ist es anner grünen Tickerlampe zu sein ..sprach der Igel zum Stachelschwein ..ich und Du und Du und ich ..wir beide im Global Boerse grell hellem Parkett Ticker Licht
Kosmonova buran
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GrB
In Euro: 0,3773 € | Nasdaq OTC Other, 20.03.14:::::: also GEH
PR Newswire
GIG HARBOR, Wash., March 21, 2014
GIG HARBOR, Wash., March 21, 2014 /PRNewswire/ -- LKA Gold Incorporated (OTCQB: LKAI) announced that ore deliveries, derived from it's 2013 exploration program, yielded 829.76 ounces of gold. The average grade of the ore delivered for the year was 1.13 oz. (31.18 grams) gold per ton.
According to LKA President, Kye Abraham, "While not our primary objective at this stage, ore sales are a welcome by-product of the exploration program and continue to cover the cost of our operations….which is highly unusual in this business. If we can nail down a financing package we can increase revenues and the pace of our search for the next big ore shoot….which would make these ore shipments and grades look insignificant by comparison."
The Company also reports that the current quarter ore grades have risen considerably (more than double 2013 averages) as focus has shifted to an area above the mine's 6 level in the North Raise. Year-end 2013 financial results will be reported in the Company's 10-K which is scheduled for filing with the SEC at the end of the current quarter. Detailed ore shipment records, through 2013, can be found on the Home Page of the Company's website at: www.lkagold.com
All 2013 ore shipments/sales were made to Kinross and Freeport McMoRan.
More discussion on this and related subjects can be found in the "President's Email Updates" and "President's Archive" on the Company's website at: http://lkagold.com/Management_Team_-_LKA_Inter.html
About LKA's exploration program at its Golden Wonder mine
Vein material is extracted as mining crews follow the volcanic vent system along the wall of the Uncompahgre Caldera. This method of exploratory mining and underground drilling proved successful in locating the first commercial ore body which yielded more than 133,000 ounces of gold from a single ore chute measuring less than 10,000 square feet. From 1998, through the second quarter of 2006, the average grade of Golden Wonder ore was 16.01 ozs. (454 grams) gold per ton. LKA believes that additional such ore bodies may exist on its mining claims. Upon resuming exploratory operations in the first quarter of 2009, LKA has shipped twenty-nine bulk ore samples containing nearly 4,00 ounces with a net value, after processing, of over $4.3 million. Ore sales to date have funded LKA exploration program. The Company is currently evaluating financing options to expand/accelerate this program. Investors are cautioned that additional exploration is required and a commercially viable ore reserve has yet to be established.
Safe Harbor Statement
LKA's plans to resume/expand Golden Wonder production are subject to a number of conditions including, but not limited to, favorable geology, successful exploration efforts, favorable financing terms/availability, permits, gold prices, market conditions, etc. Mining and related activities are inherently high-risk endeavors and there can be no assurance that LKA will be successful. This press release contains certain forward-looking statements. Statements contained in this press release that are not purely historical are considered forward-looking. When used in this press release, the words "plan", "target", "anticipate," "believe," "estimate," "intend" and "expect" and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding LKA Gold's future plans for exploration and/or production, future expenses and costs, future liquidity and capital resources, and estimates of ore, ore grades and mineralized material. All forward-looking statements in this press release are based upon information available to LKA Gold on the date of this press release and the Company assumes no obligation to update any such statements. Forward-looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The Company's actual results could differ materially from those discussed in this press release. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the Company's reports filed with the Securities and Exchange Commission.
Company Contact
Kye Abraham
(253) 514-6661
info@lkagold.com
http://lkagold.com
Investor Contact
Jonathan Barkman
Riverview Capital Enterprises??
(484) 224-3032
jbarkman@riverviewcapitalent.com
SOURCE LKA Gold Incorporated
Quelle: PR Newswire
In Euro: 0,5167 € | Nasdaq OTC Other, 24.03.14:::::: und sie hielten auf uns zu SANSIBA
18:25 28.03.14
PR Newswire
LAKE CITY, Colo., March 28, 2014
LAKE CITY, Colo., March 28, 2014 /PRNewswire/ -- LKA Gold Incorporated (OTCQB:LKAI) announced that Thom Calandra, in a recent report to his subscribers, provided further details about his interest in OTC markets and his intention to accumulate LKA shares.
According to Mr. Calandra, "It appears that OTC Markets finally has its act together and is convincing a flood of fresh and young investors that its securities are transparent, open & connected. Canadian and European (and Latin American) investors -- young ones especially -- are finding it much easier to purchase free-wheeling OTC shares than those in often-parched small-cap Canada and European markets."
Calandra further commented, "It's also possible that all those folks in North America who missed out on the blue-chip rally are turning to the -- count 'em -- 9,589 companies listed on OTCQB, OTCQX and OTCPink. There are some bargains here."
Concerning his recent decision to accumulate shares of LKA Gold, Calandra said, "…on our TCR list of OTCs, the one that continues to look cheap, in an iffy gold market, is LKA Gold. If I prove correct, LKA will see its shares return to the land of dollar-stock -- a level that separates the baby OTCs from the tweener OTCs. The LKA team may be zeroing in on the next (their second) golden ore shoot -- one that might provide another four or five years of 13 to 16 oz per ton ore. I'll be adding to my position."
To read Mr. Calandra's comments about LKA, in their entirety, go to the Investors tab on the LKA website at: http://lkagold.com/Presentations___Reports.html
Thom Calandra is the editor of The Calandra Report, (www.thomcalandra.com) is a paid subscription investment newsletter that specializes in on-site visits and reporting on deeply undervalued resource companies. Mr. Calandra is widely regarded as a researcher and is a frequent speaker at investment conferences around the world. Calandra previously co-founded, and was founding editor of, CBS MarketWatch, one of the world's largest financial web sites. He also co-founded Ticker Trax for Stockhouse.com (www.stockhouse.com) Canada's #1 financial portal and North America's largest natural resource site for small cap investor communities.
Mr. Calandra is not an affiliate of LKA Gold and was not paid for any reports or comments concerning LKA.
Investors are cautioned that the Company continues to generate losses and additional funding and exploration work is required. A commercially viable ore reserve has yet to be established.
Safe Harbor Statement
LKA's plans to resume/expand Golden Wonder production are subject to a number of conditions including, but not limited to, favorable geology, successful exploration efforts, favorable financing terms/availability, permits, gold prices, market conditions, etc. Mining and related activities are inherently high-risk endeavors and there can be no assurance that LKA will be successful. This press release contains certain forward-looking statements. Statements contained in this press release that are not purely historical are considered forward-looking. When used in this press release, the words "plan", "target", "anticipate," "believe," "estimate," "intend" and "expect" and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding LKA Gold's future plans for exploration and/or production, future expenses and costs, future liquidity and capital resources, and estimates of ore, ore grades and mineralized material. All forward-looking statements in this press release are based upon information available to LKA Gold on the date of this press release and the Company assumes no obligation to update any such statements. Forward-looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The Company's actual results could differ materially from those discussed in this press release. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the Company's reports filed with the Securities and Exchange Commission.
Company Contact
LKA Gold Incorporated
Kye Abraham
(253) 514-6661
info@lkagold.com
http://lkagold.com
Investor Contact
Riverview Capital Enterprises?
Jonathan Barkman, President ?
?(484) 224-3032
jbarkman@riverviewcapitalent.com
SOURCE LKA Gold Incorporated
Quelle: PR Newswire
22:10 04.04.14
PR Newswire
LAKE CITY, Colo., April 4, 2014
LAKE CITY, Colo., April 4, 2014 /PRNewswire/ -- LKA Gold Incorporated (OTCQB: LKAI) reports that the average grade of gold ore shipped/settled during the first quarter of 2014 was 2.04 ounces (57.8 grams) gold per ton. This represents an 81% increase over the 2013 full-year average grade of 1.13 ounces (32 grams) gold per ton.
Three small ore shipments, derived from exploratory mining in the North Raise area of LKA's Golden Wonder mine, yielded 184.06 ounces of gold from 90.35 dry weight tons that were delivered/sold during the quarter. Of these, two shipments totaling 47.91 tons with a grade of 2.9 ounces (82.2 grams) gold per ton were made to a private ore buyer and one shipment of 42.4 tons with a grade of 1.04 ounces (29.5 grams) was made to Kinross.
According to LKA President, Kye Abraham, "The ore grades in the North Raise continue to rise….even beyond these levels. We're anxious to see if it holds up…but it sure looks interesting."
More discussion on this and related subjects can be found in the "President's Email Updates" and "President's Archive" on the Company's website at: http://lkagold.com/Management_Team_-_LKA_Inter.html
Details of Golden Wonder commercial and exploratory ore shipments can be found on the Home Page of the Company's website at: www.lkagold.com
First quarter, 2014 financial results will be reported in LKA's 10-Q which will be filed later this quarter.
About LKA's exploration program at its Golden Wonder Mine
Vein material is extracted as crews follow the volcanic vent system along the wall of the Uncompahgre Caldera. This method of exploratory mining and underground drilling proved successful in locating the first commercial ore body which yielded more than 133,000 ounces of gold from a single ore chute measuring less than 10,000 cubic feet. From 1998, through the second quarter of 2006, the average grade of Golden Wonder ore was 16.01 ozs. (454 grams) gold per ton. LKA believes that additional such ore chutes may exist on its mining claims. Upon resuming exploratory operations in the first quarter of 2009, LKA has shipped twenty-nine bulk ore samples containing nearly 4,000 ounces of gold with a net value, after processing, of over $4.4 million. The Company continues to seek and evaluate financing options to expand/accelerate this program. Investors are cautioned that the Company continues to generate substantial losses and additional funding and exploration work is required. A commercially viable ore reserve has yet to be established.
Safe Harbor Statement
LKA's plans to resume/expand Golden Wonder production are subject to a number of conditions including, but not limited to, favorable geology, successful exploration efforts, favorable financing terms/availability, permits, gold prices, market conditions, etc. Mining and related activities are inherently high-risk endeavors and there can be no assurance that LKA will be successful. This press release contains certain forward-looking statements. Statements contained in this press release that are not purely historical are considered forward-looking. When used in this press release, the words "plan", "target", "anticipate," "believe," "estimate," "intend" and "expect" and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding LKA Gold's future plans for exploration and/or production, future expenses and costs, future liquidity and capital resources, and estimates of ore, ore grades and mineralized material. All forward-looking statements in this press release are based upon information available to LKA Gold on the date of this press release and the Company assumes no obligation to update any such statements. Forward-looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The Company's actual results could differ materially from those discussed in this press release. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the Company's reports filed with the Securities and Exchange Commission.
Company Contact
LKA Gold Incorporated
Kye Abraham
(253) 514-6661
info@lkagold.com
http://lkagold.com
Investor Contact
Riverview Capital Enterprises?
Jonathan Barkman, President ?
(484) 224-3032
jbarkman@riverviewcapitalent.com
SOURCE LKA Gold Incorporated
Quelle: PR Newswire
21:10 17.04.14
PR Newswire
LAKE CITY, Colo., April 17, 2014
LAKE CITY, Colo., April 17, 2014 /PRNewswire/ -- LKA Gold Incorporated (OTCQB:LKAI) reports that the recent average grade of crushed vein material extracted from the North Raise area of the Company's Golden Wonder mine was 5.55 ounces gold per dry ton. These ore grades were derived from detailed sampling and 28 independent assays from the first 50 tons of material mined and prepared for shipment during the current quarter.
According to LKA President, Kye Abraham, "The ore grades we're encountering now in the North Raise exceed anything we've seen since the current exploration program began in 2009. Our guys are pushing hard to determine the size and grade of this structure."
Year-to-date ore grades have risen steadily to 3.55 ounces gold per ton, up more than 214% over the full-year, 2013 average of 1.13 ounces per ton. Some of the material described above has been shipped but sales have yet to be settled.
More discussion on this and related subjects can be found in the "President's Email Updates" and "President's Archive" on the Company's website at: http://lkagold.com/Management_Team_-_LKA_Inter.html
Details of Golden Wonder commercial and exploratory ore shipments can be found on the Home Page of the Company's website at: www.lkagold.com
Ore grades, expressed in ounces per dry weight ton, can vary by as much as 15%, in either direction, upon settlement. Final ore shipment and settlement details will be reported at the end of the current quarter.
About LKA's exploration program at its Golden Wonder Mine
Vein material is extracted as crews follow the volcanic vent system along the wall of the Uncompahgre Caldera. This method of exploratory mining and underground drilling proved successful in locating the first commercial ore body which yielded more than 133,000 ounces of gold from a single ore chute measuring less than 10,000 cubic feet. From 1998, through the second quarter of 2006, the average grade of Golden Wonder ore was 16.01 ozs. (454 grams) gold per ton. LKA believes that additional such ore chutes may exist on its mining claims. Upon resuming exploratory operations in the first quarter of 2009, LKA has shipped thirty bulk ore samples containing over 4,000 ounces of gold with a net value, after processing, of over $4.5 million. The Company continues to seek and evaluate financing options to expand/accelerate this program. Investors are cautioned that the Company continues to generate substantial losses and additional funding and exploration work is required. A commercially viable ore reserve has yet to be established.
Safe Harbor Statement
LKA's plans to resume/expand Golden Wonder production are subject to a number of conditions including, but not limited to, favorable geology, successful exploration efforts, favorable financing terms/availability, permits, gold prices, market conditions, etc. Mining and related activities are inherently high-risk endeavors and there can be no assurance that LKA will be successful. This press release contains certain forward-looking statements. Statements contained in this press release that are not purely historical are considered forward-looking. When used in this press release, the words "plan", "target", "anticipate," "believe," "estimate," "intend" and "expect" and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding LKA Gold's future plans for exploration and/or production, future expenses and costs, future liquidity and capital resources, and estimates of ore, ore grades and mineralized material. All forward-looking statements in this press release are based upon information available to LKA Gold on the date of this press release and the Company assumes no obligation to update any such statements. Forward-looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The Company's actual results could differ materially from those discussed in this press release. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the Company's reports filed with the Securities and Exchange Commission.
Company Contact
LKA Gold Incorporated
Kye Abraham
(253) 514-6661
info@lkagold.com
http://lkagold.com
Investor Contact
Riverview Capital Enterprises?
Jonathan Barkman, President ?
(484) 224-3032
jbarkman@riverviewcapitalent.com
SOURCE LKA Gold Incorporated
Quelle: PR Newswire
achte er einfach auf die links
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14:35 13.07.15
PR Newswire
LAKE CITY, Colo., July 13, 2015
LAKE CITY, Colo., July 13, 2015 /PRNewswire/ -- LKA Gold Incorporated (OTCQB: LKAI) announces that it recently executed an "Exploration Agreement & Option" (the "Agreement") with Kinross Gold U.S.A., Inc. for the purpose of expanding its Golden Wonder Mine exploration beyond LKA's active workings. http://www.ariva.de/news/...-Exploration-amp-Option-Agreement-5420874