Golden Wonder Exploration Yields Another 390 Ounces Gold in Fourth Quarter.
GIG HARBOR, Wash. -- LKA International, Inc. (OTCBB:LKAI) announces continuing efforts to extend previous production zones within the mine resulted in limited production of approximately 133 dry weight tons of ore with an average grade of 2.4 ozs. (69 grams) gold per ton and 112 tons of lower grade material averaging .39 ozs. (11 grams) gold per ton. The ore was derived from two potential ore targets above and below the mine's 6 level.
As part of a continuing bulk sampling program, the ore has been crushed and prepared for shipment to a commercial processor during the first quarter of 2010.
While a commercial ore body has yet to be established, LKA's exploration activities produced over 729 ounces of gold during 2009.
About the Golden Wonder Mine
During an eight year period ending in mid 2006, the Golden Wonder Mine produced 133,701 ounces of gold at an average grade of 16.01 ounces (453.87 grams) of gold per ton. During this period Golden Wonder ore was shipped and sold directly to ASARCO, Barrick and Teck. A bulk ore sample of 88 dry weight tons at an average grade of 3.85 ounces of gold per ton was sold to Teck during the first quarter of 2009.
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 the mining business.
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|Date:||Feb 13, 2010|
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