Orko Silver Corporation

Published : July 19th, 2007

C ontinues to Hit Martha Vein; Adds Third Drill Rig to Projects in Mexico

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment

 

 

July 18, 2007���

TSX Venture Exchange Tier 1

 

Trading Symbol: OK

 

 

Orko Silver Continues to Hit Martha Vein; Adds Third Drill Rig to Projects in Mexico

 

  

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 on La Preciosa Project in Durango, Mexico.

The Martha Vein, first discovered in drill hole BP06-77, is proving to be a major structure.To illustrate the Martha Vein?s emerging importance, the table below summarizes the intercepts to date.

Gary Cope, President of Orko, adds, "These latest assays continue to support the consistency of our overall excellent results from La Preciosa to date, and in particular the strength of the Martha vein. Furthermore, we have managed to add a third rig, which is now drilling on the San Juan property, adjacent to La Preciosa.We are looking forward to results from early targets there.?

Martha Vein Intercepts

Drill Hole

From

(metres)

To

(metres)

Core Length

True Width

Au

(g/t)

Ag

(g/t)

Ag-Eq

(g/t)

 

 

 

 

 

 

 

 

BP06-77

434.89

445.50

10.61

9.97

0.339

249.5

269.8

BP06-85

537.87

540.10

2.23

2.10

0.248

121.8

136.6

BP06-87

592.87

594.73

1.86

1.75

0.363

116.4

138.2

BP06-90

338.59

358.62

20.03

18.82

0.286

144.8

161.9

BP07-92

425.96

439.93

13.97

12.10

0.212

127.9

140.6

BP07-95

430.41

433.43

3.02

2.84

0.145

110.5

119.2

BP07-96

341.85

347.47

5.62

5.42

0.181

187.5

198.4

BP07-98

389.23

404.97

15.74

14.79

0.389

240.0

263.4

BP07-99

475.34

478.56

3.22

3.03

0.300

269.8

287.8

BP07-101

537.33

540.18

2.85

2.47

0.839

74.0

124.3

BP07-102

442.16

456.17

14.68

13.79

0.320

376.5

395.7

BP07-103

412.64

439.39

26.75

23.17

0.532

216.5

248.4

BP07-104

479.50

481.47

1.97

1.71

0.545

149.3

182.0

 

Third Drill Rig

Major Drilling S.A. de C.V. of Hermosillo, Sonora, Mexico, has delivered a third diamond drilling rig and crew to Orko Silver?s San Juan project located immediately adjacent to Orko Silver?s 100% owned La Preciosa project which saw drilling begin on March 21st, 2005 with the first rig and has since contracted a second rig and drilled in excess of 50,000 metres to date. Recently, Orko Silver succeeded in contracting a third rig which is currently operating on the San Juan property, a joint venture project with Silver Standard Resources Inc.

New Drill Results

New results from drilling on La Preciosa Project have been received for holes BP07-95, 96, 99, and 104.

BP07- 95

Vein

From

(metres)

To

(metres)

Core Length

True Width

Au

(g/t)

Ag

(g/t)

Ag-Eq

(g/t)

 

 

 

 

 

 

 

 

Abundancia

232.16

236.13

3.97

3.91

0.173

180.5

190.9

Includes

233.54

236.13

2.59

2.55

0.207

222.8

235.2

 

 

 

 

 

 

 

 

Unnamed

394.54

395.18

0.38

0.34

0.215

698.7

711.6

 

 

 

 

 

 

 

 

Martha

427.94

434.54

6.60

6.20

0.194

98.4

110.1

Includes

430.41

433.43

3.02

2.84

0.145

110.5

119.2

 

 

 

 

 

 

 

 

 

Hole BP07-95 was collared north of La Preciosa Ridge in ?Mina La Preciosa Sector?, east of holes BP05-10, 11 & 99 and west of holes BP07-92 & 90 on mine-section 15,600 N, azimuth 090, dip -45 degrees.Note: The Martha Vein intercept had poor core recovery in a leached area, possibly resulting in local removal of silver.

 

BP07- 96

Vein

From

(metres)

To

(metres)

Core Length

True Width

Au

(g/t)

Ag

(g/t)

Ag-Eq

(g/t)

 

 

 

 

 

 

 

 

Abundancia

63.39

74.40

11.01

10.84

0.065

57.8

61.8

Includes

63.39

65.92

2.53

2.49

0.148

108.0

116.9

Includes

63.39

64.70

1.31

1.29

0.216

139.4

152.4

 

 

 

 

 

 

 

 

Luz Elena

115.05

119.09

4.04

3.80

0.047

110.2

113.0

Includes

117.05

119.09

2.04

1.92

0.047

159.1

162.0

Includes

115.05

115.65

0.60

0.56

0.150

172.3

181.3

 

 

 

 

 

 

 

 

Martha

341.85

347.47

5.62

5.42

0.181

187.5

198.4

Includes

341.85

346.08

4.23

4.09

0.217

232.3

245.3

 

 

 

 

 

 

 

 

 

Hole BP07-96 was collared north of La Preciosa Ridge in ?Mina La Preciosa Sector?, east of holes BP05-12, 13 and BP07-98, 102, 103 and 104 on mine-section 15,500 N, azimuth 090, dip -45 degrees.Abundancia vein is immediately below the paleo-surface at the base of the basaltic cover and is strongly leached. Martha Vein is strong and up-dip from the intercept in BP07-98.

 

BP07- 99

Vein

From

(metres)

To

(metres)

Core Length

True Width

Au

(g/t)

Ag

(g/t)

Ag-Eq

(g/t)

 

 

 

 

 

 

 

 

Unnamed

246.07

248.97

2.90

2.73

0.130

52.9

60.7

Includes

246.57

246.83

0.26

0.24

0.150

92.0

101.0

Includes

248.73

248.97

0.24

0.23

0.140

327.3

335.7

 

 

 

 

 

 

 

 

Abundancia

281.55

286.28

4.73

4.44

0.208

166.0

178.4

Includes

283.13

286.28

3.15

2.96

0.217

178.3

191.4

Includes

283.40

285.67

2.27

2.13

0.251

219.7

234.8

Includes

283.40

284.79

1.39

1.31

0.252

228.5

243.6

 

 

 

 

 

 

 

 

Martha

475.34

478.56

3.22

3.03

0.300

269.8

287.8

Includes

476.95

478.56

1.61

1.51

0.516

511.2

542.2

Includes

478.17

478.56

0.39

0.37

0.585

1,170.3

1,205.4

 

 

 

 

 

 

 

 

 

Hole BP07-99 was collared north of La Preciosa Ridge in ?Mina La Preciosa Sector?, east of holes BP05-10 & 11 and west of holes BP07-95 & 92 on mine-section 15,600 N, azimuth 090, dip -45 degrees.

 

BP07- 104

Vein

From

(metres)

To

(metres)

Core Length

True Width

Au

(g/t)

Ag

(g/t)

Ag-Eq

(g/t)

 

 

 

 

 

 

 

 

La Gloria

53.30

55.88

2.58

2.23

0.025

90.6

92.1

Includes

53.30

53.98

0.68

0.59

0.053

135.3

138.5

Includes

55.57

55.88

0.31

0.27

0.020

289.9

291.1

 

 

 

 

 

 

 

 

Abundancia

92.57

96.94

4.37

4.11

0.174

318.2

328.6

Includes

92.57

96.26

3.69

3.47

0.204

370.6

382.9

Includes

92.57

95.33

2.76

2.59

0.261

448.4

464.1

 

 

 

 

 

 

 

 

Carmen

240.17

243.14

2.97

1.91

0.283

481.0

498.0

Includes

240.43

242.83

2.40

1.54

0.331

571.3

591.1

Includes

241.40

241.75

0.35

0.22

1.430

1,801.3

1,887.1

 

 

 

 

 

 

 

 

Unnamed

403.82

404.05

0.23

0.22

0.398

2,389.6

2,413.5

 

 

 

 

 

 

 

 

Martha

471.80

481.47

9.67

8.37

0.254

56.2

71.4

Includes

479.50

481.47

1.97

1.71

0.545

149.3

182.0

Includes

479.90

481.18

1.28

1.11

0.727

210.4

254.0

 

 

 

 

 

 

 

 

 

Hole BP07-104 was collared north of La Preciosa Ridge in ?Mina La Preciosa Sector?, east of holes BP05-12, 13 and west of hole BP07-102 on mine-section 15,500 N, azimuth 090, dip -45 degrees. It contains many silver-gold mineralized veinlets and several major veins. La Gloria vein is near the paleo-surface contact beneath the basaltic cover and is locally leached.

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 of this news release 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 Company?s sampling protocols and QA/QC program can be located at our website at the link below:

http://www.orkosilver.com/s/QAQC.asp

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%.

 

About Orko Silver Corp.

Orko Silver Corp. is a professional exploration company with an increasing silver resource. Orko Silver's principal project, La Preciosa, located near the city of Durango, Mexico, is an advanced silver and gold project. The Company is currently drilling at La Preciosa using 2 rigs working 24 hours a day, 7 days a week. The deposit remains open in all directions and to depth.Two additional projects include the Santa Monica east of La Preciosa and the San Juan west of La Preciosa.All are undergoing exploration.

 

ON BEHALF OF THE BOARD OF DIRECTORS

 

Gary Cope

President

 

For further information, contact Orko Silver Corp. at (604) 684-4691 or

Via email at info@orkosilver.com or visit our website on line at www.orkosilver.com

 

 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 SEC?s website at http://www.sec.gov/edgar.shtml .

 

I

Orko Silver Corporation

DEVELOPMENT STAGE
CODE : OK.V
CUSIP : 685930
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Orko Silver is a silver development stage company based in Canada.

Orko Silver develops silver and gold in Mexico, and holds various exploration projects in Mexico.

Its main asset in development is LA PRECIOSA in Mexico and its main exploration properties are SAN JUAN and SANTA MONICA in Mexico.

Orko Silver is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 1.8 millions as of today (US$ 1.4 millions, € 1.2 millions).

Its stock quote reached its highest recent level on July 22, 2011 at CA$ 3.25, and its lowest recent point on February 08, 2019 at CA$ 0.02.

Orko Silver has 73 760 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Corporate Presentations of Orko Silver Corporation
9/9/2008MARTHA THINNING OUT TO SOUTH… BUT THEN?
4/18/2008Research notes
1/16/2008La Preciosa Thins to the North and Continues to the Southeas...
11/20/2007Drilling Hits Best Hole to Date on La Preciosa
10/9/200773.1 MILLION OUNCES SILVER EQUIVALENT RESOURCE IN DURANGO ST...
8/9/2007Martha Tips the Silver Balance at Preciosa
4/2/2007Orko takes nino steps in Mexico
10/13/2006Keeps drills turning at La Preciosa
5/19/2006New recommandation
5/1/2006Article of ICMJ Mining Journal
In the News and Medias of Orko Silver Corporation
6/27/2011Announces Update on Postal Strike and AGM
2/27/2008Follow up N° 7
1/15/2008 Expands the Martha Vein to the Southeast at La Preciosa
Annual reports of Orko Silver Corporation
2009 Annual Report
2007 Annual Report
Project news of Orko Silver Corporation
4/16/2013Coeur Completes Acquisition of Orko Silver Corp.
2/16/2012(La Preciosa)Provides an Update of Activities at La Preciosa
2/9/2011(La Preciosa)has Retained the Services of AMEC for a Review of La Precios...
4/29/2010(La Preciosa)More drill results at La Preciosa
6/22/2009(La Preciosa)Pan American Silver and Orko Silver Begin Comprehensive Dril...
2/18/2009(La Preciosa)Increases and Upgrades La Preciosa Resource Estimate
7/22/2008(La Preciosa)Reports Multiple Hits into Martha Vein at La Preciosa
2/28/2008Drilling Hits Best Martha to Date and a New High-Grade Vein ...
11/19/2007(La Preciosa)Hits 16.55 metres grading 377.7 g/t silver-equivalent on Mar...
10/10/2007(La Preciosa) Adds Fourth Drill Rig
10/1/2007(La Preciosa)Increases Resource Estimate by 86% to 73.1 Million Ounces Si...
9/19/2007(La Preciosa)Continues to Hit Wide High Grade Intercepts at La Preciosa
9/19/2007(La Preciosa)Reports High Grade Assay Results from Transversal Vein
6/5/2007(La Preciosa)Continues to Hit Major Silver-Gold Intercepts at La Preciosa
5/30/2007(La Preciosa) Intercepts 19.05 metres of 239.6 g/t Silver-Equivalent
5/9/2007(La Preciosa)Hits Major Intercept in Martha Vein at La Preciosa
4/18/2007(La Preciosa)Delivers More Positive Drilling Results from La Preciosa
2/21/2007(La Preciosa)Santa Monica Project Yields Excellent Gold and Silver Values...
Corporate news of Orko Silver Corporation
4/10/2013Shareholders Approve Arrangement with Coeur
3/18/2013Mails Meeting Materials
2/20/2013Announces Agreement With Coeur D'Alene
2/13/2013Announces Superior Proposal
11/8/2012(La Preciosa)Announces Filing of NI 43-101 Technical Report for its La Pr...
10/10/2012& Commonwealth Silver | Today, October 10th, 2012
10/4/2012Up close and personal with Orko Silver | Wednesday October 1...
9/20/2012=?windows-1252?Q?Orko_Announces_a_Significant_Upgraded_Resou...
9/12/2012(La Preciosa)Commences Exploration in the Esmeralda Targets Area of La Pr...
5/23/2012REMINDER: Timmins Gold and Orko Silver | Investors Forum May...
5/15/201210 days left until our next event in Vancouver: Timmins Gold...
5/15/2012Quest Rare Minerals, Orko Silver and REBgold Corp | Investor...
5/10/2012Timmins Gold and Orko Silver Investors Forum, May 24th 2012
5/7/2012Quest Rare Minerals, Orko Silver and REBgold Corp Investors...
5/2/2012Releases the Results of a New Engineering Study
8/11/2011(La Preciosa)Pan American Silver and Orko Silver Release Positive Prelimi...
8/11/2011(La Preciosa)Commentary on recently released La Preciosa Preliminary Econ...
6/1/2011President's Update
1/7/2009Provides 2008 Year End Summary
12/2/2008Drills 3.99 metres of 1 Kilogram per ton Silver Equivalent
11/26/2008Delays Resource Estimate until January 2009
6/5/2008Exhibit at World Resource Investment Conference 2008 in Vanc...
3/31/2008 Increases Resource Estimate by 41% to 103.2 Million Ounces ...
2/27/2008 Hits Massive Intercept on Martha Vein
2/1/2008Provides Video Update
10/5/2007Research Capital Updates Coverage on Orko Silver
7/19/2007C ontinues to Hit Martha Vein; Adds Third Drill Rig to Proje...
3/27/2007Announces Two Major Developments at La Preciosa
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (OK.V)FRANKFURT (OG3.F)
0.025+25.00%1.45-0.96%
TSX-V
CA$ 0.025
02/13 09:30 0.010
25%
Prev close Open
0.020 0.025
Low High
0.025 0.025
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.025 -%
Volume 1 month var.
2,500 -%
Produces
Develops Gold - Silver
Explores for Gold - Silver
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 10/19/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.75+0.52%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 11.11+2.21%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.56+2.55%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06-8.33%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.47+3.78%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 15.25-3.42%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.19+0.00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.79-3.76%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 52.57+0.84%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :