SOURCE: IO Circuit

November 17, 2011 07:30 ET

LKA International (OTCQB: LKAI) and Premier Gold Mines (TSX: PG) Enter Into a Letter of Intent

Note to Editors: The Following Is an Investment Opinion Being Issued by the IO CIRCUIT.

NEW YORK, NY--(Marketwire - Nov 17, 2011) - LKA International, Inc. (OTCQB: LKAI) and Premier Gold Mines, Ltd. (TSX: PG) announced on November 2nd, 2011 that they have entered into a Letter of Intent to jointly conduct exploration at LKA's Golden Wonder mine near Lake City, Colorado.

Seabreeze Partners Management's GP Doug Kass stated, "I expect junior miners to have a banner year. Even with my expectation of increased volatility in precious metal stocks throughout 2011, I believe that 2011 will be another strong up year for junior mining stocks after a very solid year last year." This could pan out well for LKA International, as well as other juniors like Sagebrush Gold (OTCBB: SAGE) and Gold Resource Corp (NYSE Amex: GORO).

From 1998 through the second quarter of 2006, the Golden Wonder mine produced over 133,701 ounces (82% of which came during the period of 2002-2006) from ore with an average grade of 16.01 ozs. gold per ton. Upon resuming operations (exploration) in the first quarter of 2009, LKA has focused its efforts on extending the mine's previous production zones.

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