Businessweek

LKA Gold Incorporated engages in the acquisition and development of properties. The company owns certain real and personal property interests, including patented and unpatented mining claims, water rights, buildings, fixtures, improvements, equipment, and permits situated near Lake City, Colorado. Properties The company owns a 100% interest in the Ute-Ule and Golden Wonder Properties. The Ute-Ule silver mine and milling facility, and the Golden Wonder gold mine (respectively, the ‘Ute-Ule Property’ and the ‘Golden Wonder Property’ or, collectively, the ‘Properties’), consist of certain patented and unpatented mining claims and a milling facility located in Hinsdale County, Colorado. Ute-Ule Property The Ute-Ule Property consists of 23 patented mining claims located approximately 4 miles west of Lake City, Colorado. The Ute-Ule Property is the subject of an engineering evaluation and cost analysis, which identifies certain environmental hazards on the property. Golden Wonder Property The Golden Wonder Property consists of 3 patented and 25 unpatented mining claims located approximately 2- 1/2 miles south of Lake City, Colorado. The company engages in the exploration and production at the Golden Wonder mine. Governmental Regulations The company is subject to the reporting requirements of Section 13 of the Securities Exchange Act of 1934, as amended, and subject to the disclosure requirements of Regulation S-K of the SEC, as a ‘smaller reporting company’. The company is also subject to the Sarbanes/Oxley Act of 2002. History The company was incorporated in 1988 in the state of Delaware. It was formerly known as LKA International, Inc. and changed its name to LKA Gold Incorporated in March 2013.