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lka gold inc (LKAI) Details

LKA Gold Incorporated, an exploration stage company, acquires and develops various mineral properties in the United States. It explores for gold, silver, lead, and zinc metals. The company owns various real and personal property interests located near Lake City, Colorado. Its principal property includes the Golden Wonder Mine that consists of three patented and 25 unpatented mining claims located to the south of Lake City, Colorado. The company was formerly known as LKA International, Inc. and changed its name to LKA Gold Incorporated in March 2013. LKA Gold Incorporated was incorporated in 1988 and is based in Gig Harbor, Washington.

1 Employees
Last Reported Date: 04/15/14
Founded in 1988

lka gold inc (LKAI) Top Compensated Officers

Chairman, Principal Executive Officer, Presid...
Total Annual Compensation: $138.0K
Compensation as of Fiscal Year 2013.

lka gold inc (LKAI) Key Developments

LKA Gold Incorporated Plans to Commence Underground Drilling to Test Targets Revealed by High-Resolution Mapping

LKA Gold Incorporated reported that it recently engaged San Juan Drilling of Montrose, CO, to commence drilling from the 6th level of the Golden Wonder to test potential, close-in, high-grade targets adjacent to the current exploration areas. Drilling will also probe for extensions of the Golden Wonder vein structure(s) several hundred feet beyond the current working area. Following the high-resolution mapping of the mine's exploration and historic production zones, it is anticipated that this new underground drilling program will provide a much clearer understanding of this unique gold deposit.

LKA Gold Incorporated Initiates High Resolution Mapping of Underground Workings at Golden Wonder Mine

LKA Gold Incorporated reports that it recently engaged Maptek of Denver Colorado to conduct a detailed, 3-D map/model of the company's Golden Wonder mine using its proprietary laser scanning technology, I-Site. Once completed, a high-resolution view will emerge showing the previously extracted vein structures within the mine and their relationship to the surface and previous production ore shoot which produced more than 135,000 ounces of gold at an average ore grade of 16 ounces gold per ton. On the date of this release, Maptek engineers have completed the initial underground survey and expect to integrate the results, with surface mapping and intuitive software for delivery to LKA in the next 30 days.

LKA Gold Reports Substantial Increase in Grade and Ounces Derived from Exploration Program During First Half of 2014

LKA Gold Incorporated reported that during the first half of 2014, the company's exploratory mining program yielded approximately 774 ounces of gold from 329 tons of gold enriched vein material. This represents an increase of 1.24 ounces in average grade (ounces of gold per ton) and a 281 ounce increase (57%) over the same period last year. Approximately 56% of this material has been shipped and sold. The remaining material will be sold during the current quarter. Final values of stockpiled vein material (grade and ounces) may, and usually does, vary upon actual settlement.


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