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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 on La Preciosa Project in Durango,
Mexico.
Of particular
note is a new major width and high grade intercept of the Martha Vein in
Mina La Preciosa sector and an increase in width in the Abundancia Vein
in drill hole BP07-102. The Martha Vein yielded 13.79 metres true width
grading 376.5 g/t Ag and 0.320 g/t Au for a silver-equivalent of 395.7
g/t, including 3.07 metres true width grading 1,374.0 g/t Ag and 0.605
g/t Au for a silver-equivalent of 1,410.3 g/t. This vein was not
included in the previously released Inferred Resource Estimate (13 March
2007). Abundancia Vein in this hole yielded an impressive 26.80 metres
true width grading 152.3 g/t Ag and 0.205 g/t Au for a silver-equivalent
of 164.5 g/t.
Gary Cope,
President of Orko, adds, "These results increase our confidence, that we
will exceed expectations on La Preciosa. The recent discovery of the
Martha Vein, given its initial widths and grades, could potentially change
the entire dynamic of the project. Hole 102 encompasses the best assay
results to date at La Preciosa. We are extremely pleased with the ongoing
exploration program and look forward to releasing more results as we
receive them.
| Vein |
From
(m) |
To
(m) |
Length |
True Width |
Au
(g/t) |
Ag
(g/t) |
Ag-Eq
(g/t) |
| |
|
|
|
|
|
|
|
| Abundancia |
151.51 |
179.29 |
27.75 |
26.80 |
0.205 |
152.3 |
164.5 |
| Includes |
155.69 |
172.66 |
16.94 |
16.36 |
0.232 |
189.9 |
203.9 |
| Includes |
157.59 |
160.94 |
3.35 |
3.24 |
0.282 |
366.6 |
383.5 |
| |
|
|
|
|
|
|
|
| Chabelita |
220.99 |
227.77 |
6.78 |
6.55 |
0.170 |
177.9 |
188.1 |
| Includes |
220.99 |
225.86 |
4.87 |
4.70 |
0.191 |
205.4 |
216.8 |
| Includes |
222.94 |
225.42 |
2.48 |
2.40 |
0.194 |
257.7 |
269.3 |
| |
|
|
|
|
|
|
|
| Luz
Elena |
299.92 |
302.38 |
2.46 |
2.31 |
0.110 |
120.6 |
127.3 |
| |
|
|
|
|
|
|
|
| Unnamed |
391.57 |
392.44 |
0.87 |
0.82 |
0.685 |
3,761.7 |
3,802.8 |
| |
|
|
|
|
|
|
|
| Martha |
442.16 |
456.17 |
14.68 |
13.79 |
0.320 |
376.5 |
395.7 |
| Includes |
442.16 |
450.03 |
8.54 |
8.02 |
0.377 |
567.8 |
590.5 |
| Includes |
442.16 |
445.43 |
3.27 |
3.07 |
0.605 |
1,374.0 |
1,141.3 |
Hole BP07-102 was collared north
of La Preciosa Ridge in Mina La Preciosa Sector, east of holes BP05-12,
13 and BP07-104 on mine-section 15,500 N, azimuth 090, dip -45 degrees.
This hole is 200 metres west of Hole BP07-98.
BP07-98
| Vein |
From
(m) |
To
(m) |
Length |
True Width
|
Au
(g/t) |
Ag
(g/t) |
Ag-Eq
(g/t) |
| |
|
|
|
|
|
|
|
| Abundancia |
128.95 |
133.75 |
4.80 |
4.73 |
0.136 |
319.8 |
328.0 |
| Includes |
130.85 |
133.75 |
2.90 |
2.86 |
0.144 |
423.3 |
431.9 |
| |
|
|
|
|
|
|
|
| Luz
Elena |
208.10 |
211.45 |
3.35 |
3.30 |
0.169 |
113.2 |
123.4 |
| |
|
|
|
|
|
|
|
| Martha |
389.23 |
404.97 |
15.74 |
14.79 |
0.389 |
240.0 |
263.4 |
| Includes |
393.97 |
402.10 |
8.13 |
7.64 |
0.471 |
310.5 |
338.8 |
| Includes |
398.23 |
402.10 |
3.87 |
3.64 |
0.411 |
391.6 |
416.3 |
Hole BP07-98
was collared north of La Preciosa Ridge in Mina La Preciosa Sector, east
of holes BP05-12, 13 and BP07-102, 103 and 104 on mine-section 15,500 N,
azimuth 090, dip -45 degrees. It is 100 metres north of the previously
reported hole BP06-77, which contained a major Martha Vein
intercept.
BP07-94
Hole BP07-94
was a northward oriented hole, -45 degrees dip, to test the transition
area between Mina La Preciosa Sector and La Preciosa Norte Sector. The
results show a post-mineralization intense fracturing and brecciation
zone. No structures of economic mineralization present.
BP06-85
| Vein |
From
(m) |
To
(m) |
Length |
True Width
|
Au
(g/t) |
Ag
(g/t) |
Ag-Eq
(g/t) |
| |
|
|
|
|
|
|
|
| Martha |
537.87 |
540.10 |
2.23 |
2.10 |
0.248 |
121.8 |
136.6 |
| Includes |
537.87 |
539.59 |
1.72 |
1.62 |
0.179 |
154.1 |
161.8 |
Hole BP06-85 was collared
in the flats west of La Preciosa Ridge as a deep hole in Mina La Preciosa
Sector, 200 metres west of hole BP05-07 on mine-section 15,200 N, azimuth
090, dip -50 degrees. Minor stringers exist where Abundancia Vein projects
to a sandy conglomerate. The deeper structure, hosted in schist near the
conglomerate contact, matches with Martha Vein position.
Hole BP06-84A, 83 and 82
were drilled in La Preciosa Norte Sector at 090 degrees azimuth, -45
degrees dip, on mine-section 15,800 N, east of hole BP05-16. Quartz vein
and veinlets zones, with galena and sphalerite, were identified, yielding
elevated Pb and Zn, but precious metal content is low. These holes may
represent a between ore shoots location on the veins
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
Due to the use of
two certified analytical labs, with different times to delivery of
results, and the difference in speed of drilling of the two drill rigs,
the announcement of drill results will be out of numeric sequence for some
of the drill holes. All drill results will be announced and reported as
received.
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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