LKA International, Inc. (OTCQB: LKAI) announced today that it recently signed an agreement to transfer ownership of its historic Ute Mill site to Hinsdale County, Colorado. This second and most recent agreement sets in motion phase two of a two-part arrangement to convey both the town and mill site portions of LKA's in inactive silver properties to the County. LKA signed deeds conveying title to the town site last October, 2012.
As part of this process, LKA has been working closely 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 of the 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. Some of these structures date back to the late 1800s when 250-300 miners worked the rich silver veins of Ute and Ulay mines, the first significant silver discovery in the Lake City mining district. The mines and mill were the primary catalyst for the establishment of Lake City, the seat ofHinsdale County, and home to the men who worked the mines intermittently from 1874-1940.
According to LKA Chairman, KyeAbraham , "We are extremely pleased to be a part of this cooperative and efficient effort between the Company, County, State and Federal regulatory authorities. Generally speaking, there's inherent, and often unnecessary, tension between the public and private sectors where natural resources are concerned. Not in this case. It's been very gratifying to see everyone pooling their talents and resources to preserve this historic treasure for the citizens of Hinsdale Countyand Colorado."
In addition to Hinsdale County, the agencies/entities who've played a pivotal role in this process include: Colorado Department of Public Health & Environment, Division of Mining, Reclamation & Safety, EPA (Region 8) BLM, Colorado Brownfields Foundation and Colorado Art Ranch. Funding for property renovation and remediation has, or will be provided by CDPHE, EPA and Colorado Brownfields Foundation.
Riverview Capital EnterprisesJonathan Barkman , President(866) firstname.lastname@example.org
SOURCE LKA International, Inc.