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Kinross Terminates Its Exploration Program at LKA's Golden Wonder Mine
Kinross Terminates Its Exploration Program at LKA's Golden Wonder Mine.
About this update from Lka Gold Inc
[{"type":"text","content":"\n\n\n\nKinross Terminates Its Exploration Program at LKA's Golden Wonder Mine\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nKinross Terminates Its Exploration Program at LKA's Golden Wonder Mine\nFailure to follow up initial drilling results leaves experts puzzled.\nPR Newswire\nGIG HARBOR, Wash., Sept. 25, 2017\n\n\n\nGIG HARBOR, Wash., Sept. 25, 2017 /PRNewswire/ -- LKA Gold Incorporated (OTCQB: LKAI) reports that Kinross has informed the Company of its decision to terminate its exploration program at LKA's Golden Wonder mine located near Lake City, CO.\n\nConsidering the encouraging results from both the surface evaluation program conducted in 2015 and the subsequent drilling program, LKA management was surprised by the Kinross decision.  \n\nClosely following the Kinross surface evaluation and drilling data from the inception of the program, LKA project geologist, Rauno Perttu observed:\n\n\"After reviewing the Kinross drilling results I'm a bit puzzled as to why they would discontinue the program after only five drill holes, all of which penetrated the Golden Wonder structure and encountered gold and telluride shows. Drill cores from the third and fourth holes contained many of the elements encountered in the Golden Wonder's high-grade zones. Expecting to hit a relatively small target like an ore chute with five widely dispersed surface drill holes seems a bit unrealistic to me. This program definitely needs to be followed up on and completed. Two of the holes may have been near new ore chutes, and the strongest new targets remain untested.\"\n\nSince Kinross has consistently refused to comment on this exploration project, even when asked for off-the-record opinions by LKA management, the decision to terminate the project this early in the process remains a matter of speculation. \n\nAccording to LKA President, Kye Abraham, \"Historically, widely-dispersed surface drilling at the Golden Wonder has been notoriously inconclusive and failed to discover the first bonanza-grade ore shoot. It's been tried before. If we had known that Kinross expected to hit a...