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VANCOUVER,
British Columbia - Orko Silver Corp. (TSX.V - OK) is pleased to
announce that it has received further assay results from the current
Diamond drilling program in the Mina La Preciosa and La Preciosa Norte
sectors on La Preciosa Project in Durango, Mexico.
1) Orko
Silver Drills 3.92 m of greater than One Kilogram/tonne Silver
Equivalent
Of particular
note is a new substantial width and grade intercept of the Abundancia Vein
in La Preciosa Norte sector in hole BP06-78. It yielded 6.45 metres true
width grading 640.6 g/t Ag and 1.101 g/t Au, for a Silver-Equivalent of
706.7 g/t including 3.92 metres true width grading 981.3 g/t Ag and
1.585 g/t Au for a Silver-Equivalent of 1,076.4 g/t. This sector was
not included in the previously released Inferred Resource Estimate (13
March 2007).
La Preciosa Norte
Sector
BP06-78
| Vein |
From
(m) |
To
(m) |
Length |
True Width |
Au
(g/t) |
Ag
(g/t) |
Ag-Eq
(g/t) |
| |
|
|
|
|
|
|
|
| Abundancia |
374.40 |
381.52 |
7.12 |
6.45 |
1.101 |
640.6 |
706.7 |
| Includes |
374.40 |
378.73 |
4.33 |
3.92 |
1.585 |
981.3 |
1,076.4 |
| Includes |
375.81 |
378.13 |
2.32 |
2.10 |
1.530 |
1,242.2 |
1,334.0 |
| |
|
|
|
|
|
|
|
Hole BP06-78 was drilled in La Preciosa
Norte sector, 200 m east of hole BP05-14, azimuth 070 degrees, dip -45
degrees, on mine-section 15,700 N.
2) Orko Silver Discovers Major New Vein
Approaching 10 metres True Width
Mina La Preciosa
Sector
The Company is
also pleased to report that multiple new veins at depth have been
intersected in BP06-77, including one, now named the Martha Vein, with a
major thickness of 9.97 metres true width grading gold 0.339 g/t and
silver 249.5 g/t for a silver-equivalent of 269.8 g/t. This discovery
will alter future drill hole planning for deeper
holes.
BP06-77
| Vein |
From
(m) |
To
(m) |
Length |
True Width
|
Au
(g/t) |
Ag
(g/t) |
Ag-Eq
(g/t) |
| |
|
|
|
|
|
|
|
| Abundancia |
116.44 |
120.51 |
4.07 |
3.69 |
0.152 |
146.8 |
155.9 |
| Includes |
116.77 |
119.83 |
3.06 |
2.77 |
0.138 |
170.6 |
178.9 |
| |
|
|
|
|
|
|
|
| Unnamed |
380.66 |
380.86 |
0.20 |
0.19 |
0.657 |
1,620.0 |
1,659.4 |
| |
|
|
|
|
|
|
|
| Unnamed |
401.74 |
405.47 |
3.73 |
3.51 |
0.361 |
130.6 |
152.3 |
| Includes |
401.74 |
404.45 |
2.71 |
2.56 |
0.428 |
157.1 |
182.8 |
| |
|
|
|
|
|
|
|
| Marthita |
426.79 |
429.58 |
2.79 |
2.62 |
0.360 |
325.8 |
347.4 |
| Includes |
427.04 |
427.34 |
0.30 |
0.28 |
0.660 |
1,980.0 |
2,019.6 |
| |
|
|
|
|
|
|
|
| Martha |
434.89 |
445.50 |
10.61 |
9.97 |
0.339 |
249.5 |
269.8 |
| Includes |
438.52 |
445.50 |
6.98 |
6.56 |
0.390 |
296.4 |
319.8 |
| Includes |
442.65 |
445.50 |
2.85 |
2.68 |
0.415 |
490.0 |
514.9 |
| |
|
|
|
|
|
|
|
Hole BP06-77
was drilled from the northern side of La Preciosa Ridge, azimuth 090
degrees, dip -45 degrees, on mine-section 15,400 N.
Gary Cope,
President of Orko, adds, The increasing grade and thickness of the
intercept in the Abundancia Vein and the discovery of a major new vein
with a true width approaching 10 meters coupled with substantial grade
represent major steps forward at La Preciosa for Orko Silver. These new
results were not included in our recently released 43-101 compliant
Inferred Resource Estimate which only included results up to hole 76.
Given that we are currently drilling holes 105 and 106, we anticipate
adding the results of at least 30 additional holes in our next resource
estimate. These new developments only serve to increase our confidence
level that our minimum goal at La Preciosa will be achieved.
Current Inferred Resource Estimate (March 13,
2007)
| Cut-off
Grade |
Tonnes |
Ag
(g/t) |
Au
(g/t) |
Ag-Eq
(g/t) |
Contained
Ag-Eq
grams |
Contained
Ag-Eq
ounces |
| |
|
|
|
|
|
|
| 100 g/t |
5.72
million |
192.9 |
0.345 |
213.3 |
1,223
million |
39.3
million |
| 150 g/t |
4.39
million |
229.9 |
0.396 |
253.7 |
1,114
million |
35.8
million |
| |
|
|
|
|
|
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BP06-76
The Company also wishes to
report on further results from a previously released hole. The top half of
BP06-76 was previously announced on March 5th, 2007 and the lower Luz
Elena Vein intercept is announced below.
| Vein |
From
(m) |
To
(m) |
Length |
True Width (m) |
Au
(g/t) |
Ag
(g/t) |
Ag-Eq
(g/t) |
| |
|
|
|
|
|
|
|
| Unnamed
* |
129.44 |
129.65 |
0.21 |
0.21 |
0.654 |
450.0 |
489.2 |
| |
|
|
|
|
|
|
|
| Abundancia* |
155.25 |
161.34 |
6.09 |
6.00 |
0.455 |
217.5 |
244.8 |
| Includes* |
155.25 |
159.61 |
4.36 |
4.29 |
0.526 |
258.8 |
290.4 |
| Includes* |
155.25 |
156.21 |
0.96 |
0.94 |
1.665 |
386.3 |
486.2 |
| |
|
|
|
|
|
|
|
| Luz
Elena |
315.77 |
317.43 |
1.66 |
1.58 |
0.706 |
236.2 |
278.5 |
| |
|
|
|
|
|
|
|
* Previously
released
Hole BP06-76 was drilled from the west side of La Preciosa
Ridge, azimuth 090 degrees, dip -45 degrees, on mine-section 15,000
N.
A detailed drill plan map is available at the link
below:
http://www.orkosilver.com/i/pdf/drillplanmap.pdf
A
complete table of drill results is available at the link below:
http://www.orkosilver.com/i/pdf/drillresults.pdf
A
printer friendly PDF format is available at the link below:
http://www.investorhub.ca/orkonews.pdf
Ben
Whiting, P.Geo., is the Qualified Person and takes responsibility for the
technical disclosure in this news release. Full details of the Companys
sampling protocols and QA/QC program can be located at our website at
www.orkosilver.com. Silver-equivalent for the purposes of this drilling
program is defined as silver grade plus 60 times gold grade. Metallurgical
recoveries and net smelter returns are assumed to be
100%.
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The TSX Venture
Exchange has not reviewed and does not accept responsibility for this News
Release. This News Release may contain forward-looking statements
including but not limited to comments regarding the timing and content of
upcoming work programs, geological interpretations, receipt of property
titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve
inherent risks and uncertainties. Actual results may differ materially
from those currently anticipated in such statements. Orko relies upon
litigation protection for forward-looking statements.
*Cautionary
Note to U.S. Investors The United States Securities and Exchange
Commission permits U.S. Mining companies, in their filings with the SEC,
to disclose only those mineral deposits that a company can economically
and legally extract or produce. We use certain terms in this press release, such as measured, indicated, and inferred resources, which
the SEC guidelines strictly prohibit U.S. registered companies from
including in their filings with the SEC. U.S. Investors are urged to
consider closely the disclosure in our Form 20-F, File No. 000-51923,
which may be secured from us, or from the SECs website at http://www.sec.gov/edgar.shtml
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