LKA International Inc and Hinsdale County partnership to complete Phase II donation of Ute Mill Site, Colorado.
M2 EQUITYBITES-March 1, 2013-LKA International Inc and Hinsdale County partnership to complete Phase II donation of Ute Mill Site, Colorado(C)2013 M2 COMMUNICATIONS http://www.m2.com
Mineral company LKA International Inc (OTC Markets:LKAI) reported on Thursday that it has entered into an agreement to transfer the ownership of its historic Ute Mill site to Hinsdale County, Colorado.
Under a two-part arrangement, this second phase two conveys the title of both the town and mill site portions of LKA's in inactive silver properties to the County.
LKA has reportedly been working with County, State and Federal regulatory authorities to complete property evaluation studies, subdivision and the transfer of LKA's permits and title.
This Phase II donation will include the land, reclamation permits, buildings and structures known as the Ute mill site and includes the original blacksmith shop, assay lab, powerhouse and mill buildings. The mines and mill were the primary catalyst for the establishment of Lake City, the seat of Hinsdale County, and home to the men who worked in the mines.
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