GIG HARBOR, Wash.--(BUSINESS WIRE)--LKA International, Inc. (OTCBB:LKAI) announces that its most recent ore
shipment of 132 dry weight tons to Kinross???s Kettle River facility
yielded over 215 ounces of gold. This latest ore shipment is the fourth
since LKA began its renewed exploration effort at the Golden Wonder mine
in 2009. The average grade of ore produced (mostly development grade)
during this program to date exceeds 2 oz. (57.8 grams) gold per ton.
While LKA is still in the process of proving the extension(s) of
previous high-grade zones within the Golden Wonder mine, gold produced
during the current year has more than offset the Company???s direct
exploration expenses for the same period. LKA expects ore grades to
increase as its exploration program progresses.
About the Golden Wonder Mine
From 1998 through the second quarter of 2006 the mine produced over
133,701 oz. (82% of which came during the period of 2002-2006) from ore
with an average grade of 14.73 oz. gold per ton. Upon resuming
exploratory operations in 2009, LKA has shipped four bulk ore samples to
Teck, Kinross & Yukon Nevada Gold (Jerritt Canyon).
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.
Forward-looking statements in this release are made pursuant to the
'safe harbor' provisions of the Private Securities Litigation Reform Act
of 1995. Investors are cautioned that such forward-looking statements
involve risks and uncertainties, including, but not limited to, market
conditions and price for the company's products, reliance on key
personnel, availability of labor, equipment, consulting services,
financing and technological changes, as well as any and all 'other
risks' associated with business.