"It's not about the number of tons you mine. It's about the number of dollars you keep."
LKA acquires and develops properties in politically stable jurisdictions capable of yielding high profit margins even during volatile economic conditions. The Company looks for projects in advanced stages of exploration that can cash flow in a relatively short period of time. With a production history of 138,000 ounces of gold from a single property LKA has proven that this model is highly effective in maximizing earnings while minimizing investor risk.
Recent Company Milestones:
Q-1 2012 - First quarter ore deliveries (bulk samples from exploration) up 183% over year-ago period. Grade continues to rise (2.48 oz. per ton) as ore sales continue to cover expense of Golden Wonder exploration program.
Q-4 2011 - Gold values from exploration exceed $1.27 million for the year and produce a profit at the "project level" for 2011.
Q-4 2011 - LKA and Premier Gold Mines (PG:TSX) sign agreement to expand Golden Wonder exploration across a much wider area beyond the current workings.
Q-3 2011 - Gold ore sales from exploration result in the Company's first profitable quarter.
Q-1 2010 - A bulk sample of 128.6 tons was shipped to the Echo Bay-Kinross milling facility in Republic, WA. The average ore grade was 2.04 ounces ( 57.83 grams) gold per ton.
Q-3 2009 - LKA establishes the existence of high-grade gold bearing structures 100' beyond previous production zone. Over forty vein samples in this area yielded average assays of 16.92 ounces gold per ton.
Q-2 2009 - LKA's first bulk ore sample off 88 dry weight tons shipped to Teck-Cominco's smelter in Trail, B.C.
This first bulk sample averaged 3.85 ounces (109 grams) per ton.
Recent Company Milestones:
Q-1 2012 - First quarter ore deliveries (bulk samples from exploration) up 183% over year-ago period. Grade continues to rise (2.48 oz. per ton) as ore sales continue to cover expense of Golden Wonder exploration program.
Q-4 2011 - Gold values from exploration exceed $1.27 million for the year and produce a profit at the "project level" for 2011.
Q-4 2011 - LKA and Premier Gold Mines (PG:TSX) sign agreement to expand Golden Wonder exploration across a much wider area beyond the current workings.
Q-3 2011 - Gold ore sales from exploration result in the Company's first profitable quarter.
Q-1 2010 - A bulk sample of 128.6 tons was shipped to the Echo Bay-Kinross milling facility in Republic, WA. The average ore grade was 2.04 ounces ( 57.83 grams) gold per ton.
Q-3 2009 - LKA establishes the existence of high-grade gold bearing structures 100' beyond previous production zone. Over forty vein samples in this area yielded average assays of 16.92 ounces gold per ton.
Q-2 2009 - LKA's first bulk ore sample off 88 dry weight tons shipped to Teck-Cominco's smelter in Trail, B.C.
This first bulk sample averaged 3.85 ounces (109 grams) per ton.
