|
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.
Additional drilling has extended the Martha Vein south-eastward; including a
thick mineralized zone 400
metres south of the area reported in the October 1st,
2007, 43-101 Compliant Resource Estimate.
Hole
BP07-146 hit a true width of 15.15 metres grading gold 0.321 g/t, silver
141.7 g/t for a silver-equivalent of 160.9 g/t. It includes a higher grade
core of 8.20 metres
grading gold 0.519 g/t, silver 213.3 g/t for a silver-equivalent of 244.5
g/t. This hole expands the area previously reported with hole BP07-135, which
yielded 16.55 metres
of gold 0.363 g/t and silver 355.9 g/t for a silver equivalent of 377.7 g/t
(see news release dated November 19th, 2007).
Gary Cope, President of Orko Silver, adds, ?These results continue to
demonstrate that the Martha Vein is a major developing story at La Preciosa.
The grades combined with large widths are very encouraging for our next
43-101 Resource Estimate expected to be released at the end of the first
quarter. We are also happy to report that the 2008 Exploration program is now
fully operational with all 4 rigs drilling at La Preciosa.?
The
following holes highlight results from drilling targeted to intercept the
Martha Vein and other veins.
BP07-146
|
Vein
|
From(metres)
|
To
(metres)
|
Core
Length
|
True
Width
|
Au
(g/t)
|
Ag
(g/t)
|
Ag-Eq
(g/t)
|
|
|
|
|
|
|
|
|
|
|
Martha
|
302.54
|
318.66
|
16.12
|
15.15
|
0.321
|
141.7
|
160.9
|
|
Includes
|
309.93
|
318.66
|
8.73
|
8.20
|
0.519
|
213.3
|
244.5
|
|
Includes
|
317.55
|
318.66
|
1.11
|
1.04
|
1.035
|
443.4
|
505.5
|
|
|
|
|
|
|
|
|
|
|
Unnamed
|
333.45
|
334.15
|
0.70
|
0.54
|
0.404
|
422.7
|
447.0
|
|
Includes
|
333.95
|
334.15
|
0.20
|
0.15
|
0.602
|
1,089.7
|
1,125.8
|
|
|
|
|
|
|
|
|
|
|
Unnamed
|
348.94
|
349.46
|
0.52
|
0.49
|
1.648
|
256.0
|
354.9
|
|
|
|
|
|
|
|
|
|
|
Unnamed
|
369.93
|
370.45
|
0.52
|
0.50
|
0.341
|
467.5
|
488.0
|
|
|
|
|
|
|
|
|
|
Hole BP07-146 is located east of La Preciosa Ridge on
mine section 15,100 N, 100
metres east of hole BP07-136, as well as 100 metres east and 100 metres north of
high-grade hole BP07-141. It is oriented azimuth 090, dip -45 degrees.
BP07-144
|
Vein
|
From(metres)
|
To
(metres)
|
Core
Length
|
True
Width
|
Au
(g/t)
|
Ag
(g/t)
|
Ag-Eq
(g/t)
|
|
|
|
|
|
|
|
|
|
|
Martha (total)
|
327.56
|
357.49
|
29.93
|
28.03
|
0.080
|
82.6
|
87.4
|
|
|
|
|
|
|
|
|
|
|
Marthita
|
327.56
|
331.68
|
4.12
|
3.87
|
0.090
|
172.2
|
177.5
|
|
Includes
|
329.74
|
331.68
|
1.94
|
1.82
|
0.124
|
317.7
|
325.2
|
|
Includes
|
330.05
|
330.25
|
0.20
|
0.19
|
0.375
|
1,006.5
|
1,029.0
|
|
|
|
|
|
|
|
|
|
|
Martha
|
348.50
|
357.49
|
8.99
|
8.45
|
0.179
|
147.2
|
158.0
|
|
Includes
|
353.71
|
357.49
|
3.78
|
3.55
|
0.272
|
207.9
|
224.2
|
|
Includes
|
355.62
|
356.20
|
0.58
|
0.55
|
0.815
|
531.2
|
580.1
|
|
|
|
|
|
|
|
|
|
Hole BP07-144 is located on the east side of La Preciosa Ridge,
azimuth 090o, dip -45o, 100 metres east of
hole BP07-141 and 100
metres south of BP07-146, on mine-section 15,000 N.
The interval Martha (total) is from Marthita to Martha and all the
sub-intervals.
BP07-143
|
Vein
|
From(metres)
|
To
(metres)
|
Core
Length
|
True
Width
|
Au
(g/t)
|
Ag
(g/t)
|
Ag-Eq
(g/t)
|
|
|
|
|
|
|
|
|
|
|
Martha
|
391.36
|
397.67
|
6.31
|
5.93
|
0.311
|
181.1
|
199.8
|
|
Includes
|
395.08
|
397.67
|
2.59
|
2.43
|
0.611
|
415.9
|
452.6
|
|
Includes
|
395.68
|
395.90
|
0.22
|
0.21
|
1.035
|
982.4
|
1,044.5
|
|
|
|
|
|
|
|
|
|
Hole BP07-143 is located on the east side of La Preciosa Ridge,
azimuth 090o, dip -45o, 100 metres east of
hole BP06-138 and 100
metres south of hole BP07-144, on mine-section 14,900
N. There is one internal interval of ?no recovery? entered as zero grade,
thus the overall grade may be understated.
BP07-142
|
Vein
|
From(metres)
|
To
(metres)
|
Core
Length
|
True
Width
|
Au
(g/t)
|
Ag
(g/t)
|
Ag-Eq
(g/t)
|
|
|
|
|
|
|
|
|
|
|
Martha
|
231.17
|
237.10
|
5.93
|
5.57
|
0.059
|
37.6
|
41.2
|
|
Includes
|
233.75
|
235.07
|
1.32
|
1.24
|
0.146
|
95.6
|
104.4
|
|
Includes
|
233.99
|
234.25
|
0.26
|
0.24
|
0.320
|
239.8
|
259.0
|
|
|
|
|
|
|
|
|
|
Hole BP07-142 is located north of La Preciosa Ridge on
mine section 15,800 N, 100
metres east of hole BP07-125A. It is oriented azimuth
090, dip -45 degrees.
BP07-141
|
Vein
|
From(metres)
|
To
(metres)
|
Core
Length
|
True
Width
|
Au
(g/t)
|
Ag
(g/t)
|
Ag-Eq
(g/t)
|
|
|
|
|
|
|
|
|
|
|
Martha (total)
|
398.84
|
431.17
|
33.35
|
31.34
|
0.082
|
81.2
|
86.1
|
|
|
|
|
|
|
|
|
|
|
Marthita
|
398.84
|
403.01
|
4.17
|
3.92
|
0.040
|
101.0
|
103.4
|
|
Includes
|
399.54
|
401.26
|
1.72
|
1.62
|
0.042
|
117.8
|
120.3
|
|
Includes
|
402.71
|
403.01
|
0.30
|
0.28
|
0.030
|
410.8
|
412.6
|
|
|
|
|
|
|
|
|
|
|
Martha
|
426.38
|
432.19
|
5.81
|
5.46
|
0.349
|
280.5
|
301.4
|
|
Includes
|
429.40
|
432.19
|
2.79
|
2.62
|
0.554
|
500.6
|
533.8
|
|
Includes
|
429.40
|
431.17
|
1.77
|
1.66
|
0.745
|
661.7
|
706.4
|
|
|
|
|
|
|
|
|
|
Hole BP07-141 is located on the east side of La Preciosa Ridge,
azimuth 090o, dip -50o, 100 metres east of
hole BP07-135, on mine-section 15,000 N. The interval Martha (total) is from
Marthita to Martha and all the sub-intervals. Martha (total) also grades 0.21
% Pb and 0.71 % Zn.
BP07-140
|
Vein
|
From(metres)
|
To
(metres)
|
Core
Length
|
True
Width
|
Au
(g/t)
|
Ag
(g/t)
|
Ag-Eq
(g/t)
|
|
|
|
|
|
|
|
|
|
|
Martha
|
246.30
|
259.53
|
13.23
|
12.43
|
0.068
|
60.4
|
64.5
|
|
Includes
|
246.30
|
248.91
|
2.61
|
2.45
|
0.167
|
107.5
|
117.5
|
|
Includes
|
246.30
|
247.78
|
1.48
|
1.39
|
0.254
|
157.1
|
172.4
|
|
|
|
|
|
|
|
|
|
Hole BP07-140 is located north of La Preciosa Ridge on
mine section 15,600 N, 100
metres east of hole BP07-124. It is oriented azimuth
090, dip -48 degrees.
BP07-139
|
Vein
|
From(metres)
|
To
(metres)
|
Core
Length
|
True
Width
|
Au
(g/t)
|
Ag
(g/t)
|
Ag-Eq
(g/t)
|
|
|
|
|
|
|
|
|
|
|
Unnamed
|
187.93
|
189.13
|
1.20
|
1.13
|
0.095
|
277.9
|
283.6
|
|
|
|
|
|
|
|
|
|
|
Martha
|
220.50
|
235.92
|
15.42
|
14.49
|
0.169
|
59.4
|
69.5
|
|
Includes
|
220.50
|
222.68
|
2.08
|
1.95
|
0.444
|
146.6
|
173.2
|
|
Includes
|
220.50
|
221.79
|
1.29
|
1.21
|
0.611
|
215.0
|
251.6
|
|
|
|
|
|
|
|
|
|
Hole BP07-139 is located north of La Preciosa Ridge on
mine section 15,500 N, 100
metres east of hole BP07-128. It is oriented azimuth
090, dip -60 degrees.
BP07-138
|
Vein
|
From(metres)
|
To
(metres)
|
Core
Length
|
True
Width
|
Au
(g/t)
|
Ag
(g/t)
|
Ag-Eq
(g/t)
|
|
|
|
|
|
|
|
|
|
|
Martha
|
436.94
|
442.86
|
5.92
|
5.56
|
0.130
|
47.0
|
54.8
|
|
Includes
|
436.94
|
438.60
|
1.66
|
1.56
|
0.181
|
95.0
|
105.9
|
|
Includes
|
437.14
|
437.59
|
0.45
|
0.42
|
0.406
|
248.7
|
273.1
|
|
|
|
|
|
|
|
|
|
Hole BP07-138 is located on the east side of La Preciosa Ridge,
azimuth 090o, dip -50o, 100 metres east of
hole BP06-68, on mine-section 14,900 N.
BP07-137
|
Vein
|
From(metres)
|
To
(metres)
|
Core
Length
|
True
Width
|
Au
(g/t)
|
Ag
(g/t)
|
Ag-Eq
(g/t)
|
|
|
|
|
|
|
|
|
|
|
Martha
|
455.25
|
460.06
|
4.81
|
4.35
|
0.069
|
35.1
|
39.3
|
|
Includes
|
455.64
|
459.61
|
3.97
|
3.60
|
0.065
|
36.7
|
40.6
|
|
Includes
|
457.78
|
458.05
|
0.27
|
0.24
|
0.039
|
111.2
|
113.5
|
|
|
|
|
|
|
|
|
|
Hole BP07-137 is located on the east side of La Preciosa Ridge, 100 metres east of
hole BP06-65, on mine grid 14,800 N, azimuth 090, dip -50 degrees. The Martha
structure is present, but does not meet current grade requirements.
BP07-136
|
Vein
|
From(metres)
|
To
(metres)
|
Core
Length
|
True
Width
|
Au
(g/t)
|
Ag
(g/t)
|
Ag-Eq
(g/t)
|
|
|
|
|
|
|
|
|
|
|
Martha
|
324.07
|
331.04
|
6.97
|
4.93
|
0.134
|
48.1
|
56.2
|
|
Includes
|
324.07
|
325.87
|
1.80
|
1.27
|
0.347
|
93.8
|
114.6
|
|
Includes
|
324.07
|
324.89
|
0.82
|
0.58
|
0.445
|
121.3
|
148.0
|
|
|
|
|
|
|
|
|
|
|
Unnamed
|
407.47
|
411.06
|
3.59
|
3.11
|
0.322
|
109.8
|
129.1
|
|
Includes
|
407.47
|
409.18
|
1.71
|
1.48
|
0.463
|
132.9
|
159.1
|
|
|
|
|
|
|
|
|
|
Hole BP07-136 is located east of La Preciosa Ridge on
mine section 15,100 N, 100
metres east of hole BP07-133. It is oriented azimuth
090, dip -50 degrees.
BP07-134
|
Vein
|
From(metres)
|
To
(metres)
|
Core
Length
|
True
Width
|
Au
(g/t)
|
Ag
(g/t)
|
Ag-Eq
(g/t)
|
|
|
|
|
|
|
|
|
|
|
Unnamed
|
118.09
|
119.85
|
1.76
|
1.65
|
0.140
|
115.9
|
124.3
|
|
Includes
|
118.09
|
118.29
|
0.20
|
0.19
|
0.057
|
515.6
|
519.0
|
|
|
|
|
|
|
|
|
|
|
Martha
|
243.32
|
255.05
|
11.73
|
11.33
|
0.609
|
106.2
|
142.7
|
|
Includes
|
243.84
|
249.12
|
5.28
|
5.10
|
0.977
|
125.3
|
184.0
|
|
Includes
|
254.00
|
254.20
|
0.20
|
0.19
|
0.821
|
1,043.1
|
1,092.4
|
|
|
|
|
|
|
|
|
|
|
Unnamed
|
405.21
|
406.96
|
1.75
|
1.52
|
0.248
|
170.3
|
185.2
|
|
Includes
|
405.64
|
406.96
|
1.32
|
1.14
|
0.267
|
222.4
|
238.4
|
|
|
|
|
|
|
|
|
|
Hole BP07-134 is located on the east side of La Preciosa Ridge,
mine-section 15,200 N, at azimuth 090, dip -50. It was drilled from the same
pad as the vertical hole BP07-131, thus its Martha intercept is further to
the east.
A complete table of drill results is available at the link below:
http://www.orkosilver.com/i/pdf/drillresults.pdf
A detailed drill
plan map is available at the link below:
http://www.orkosilver.com/i/pdf/drillplanmap.pdf
A printer friendly PDF format of this news release
is available at the link below:
http://www.investorhub.ca/orkonews011508.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 4 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 .
|
