Mar 10 2015
LKA Gold Incorporated Golden Wonder project geologist, Rauno Perttu recently completed a progress report detailing the results of the ongoing underground drilling program at the Company's Golden Wonder mine located near Lake City, CO.
In selected excerpts from his report, dated March 3, 2015, Mr. Perttu states: "The first stage is primarily focused on providing "close-in" targets for immediate exploratory mining adjacent to the northeast end of the active workings on the 600 level. Initial drilling has identified minable, high-grade vein(s) in close proximity to the existing mining area. Drill holes CH-1, CH-3 and CH-5 spanned an area adjacent to the workings that is 20 feet wide and extends to 55 feet above the 600 level. The vein intercepts in these holes averaged a gold grade of 10.86 ounces per ton over an average true vein width of 16.8 inches." (Emphasis added.)
Mr. Perttu further reported: "My observations of holes CH-12 and CH-13 indicate an even more favorable environment for gold mineralization near their terminations than their beginning points... Additional outward exploration will, I believe, be successful in finding additional new gold veins. There is a good possibility that some of the 'stringers' intercepted in each of these three holes will develop into gold veins in nearby parts of the mineral system...Most of the Golden Wonder gold system remains unexplored.