February 27,
2008 TSX Venture Exchange Tier
1 Trading Symbol: OK
Orko Silver Hits Massive Intercept on Martha
Vein
VANCOUVER, British Columbia - Orko Silver
Corp. (TSX.V - OK) is pleased to
announce that it has received further assay results from its on-going
Diamond drilling program at La Preciosa Project in Durango,
Mexico.
A deepening of hole BP06-75
was performed in late 2007, from 250 metres to a new depth of 521 metres,
and the extended hole name was changed to BP06-75ext. The Martha Vein was
intersected at a depth of 351.22 to 393.42 metres for a true width of
39.66 metres grading gold 0.370 g/t and silver 235.2 g/t, for a
silver-equivalent of 257.5 g/t.
Hole BP06-75ext is located
southeast of and adjacent to the area reported in the 43-101 compliant
Resource Estimate (news release 01 October 2007) for the Martha Vein, thus
will be included in the next resource estimate.
Gary Cope, President of Orko,
adds, "The massive intercept announced in the extension of Hole 75 is
certainly amongst the best to date at La Preciosa. Also of
particular interest is an unnamed intercept in Hole 147 over 3.82 metres
true width grading 643.3 g/t silver-equivalent encountered approximately
140 metres below the Martha Vein. As this could be the discovery of
a new vein, future drilling will be designed to further test this new
development. The Company anticipates releasing its next 43-101
compliant resource estimate before the end of March
2008.?
The following tables highlight results from drilling
targeted to intercept the Martha Vein and other
veins.
BP06-75ext
Vein |
From(metres) |
To (metres) |
Core
Length |
True
Width |
Au (g/t) |
Ag (g/t) |
Ag-Eq (g/t) |
|
|
|
|
|
|
|
|
Martha |
351.22 |
393.42 |
42.20 |
39.66 |
0.370 |
235.2 |
257.5 |
Includes |
351.64 |
356.26 |
4.62 |
4.34 |
0.530 |
677.6 |
709.4 |
Includes |
376.01 |
380.75 |
4.74 |
4.45 |
1.020 |
588.2 |
649.4 |
Includes |
378.46 |
379.65 |
1.19 |
1.12 |
1.456 |
1,283.6 |
1,371.0 |
Hole BP06-75ext is located near
the north end of La Preciosa Ridge, azimuth 090o, dip -45
degrees, on mine-section 15,400 N, 150 metres east of hole BP06-77 and 100
metres west of hole BP07-126.
BP07-149
Vein |
From(metres) |
To (metres) |
Core
Length |
True
Width |
Au (g/t) |
Ag (g/t) |
Ag-Eq (g/t) |
|
|
|
|
|
|
|
|
Martha |
190.90 |
194.39 |
3.49 |
3.28 |
0.231 |
176.9 |
190.7 |
Includes |
190.90 |
192.66 |
1.76 |
1.65 |
0.436 |
270.2 |
296.4 |
Includes |
191.10 |
191.30 |
0.20 |
0.19 |
3.095 |
1,050.4 |
1,236.1 |
Hole BP07-149 is located east
of La Preciosa Ridge on mine section 15,300 N, 116 metres east of hole
BP07-132, as well as 100 metres north of hole BP07-148. It is oriented
azimuth 090, dip -45 degrees.
BP07-148
Vein |
From metres) |
To (metres) |
Core
Length |
True Width |
Au (g/t) |
Ag (g/t) |
Ag-Eq (g/t) |
|
|
|
|
|
|
|
|
Martha |
233.25 |
243.70 |
10.45 |
9.82 |
0.256 |
134.7 |
150.0 |
Includes |
233.25 |
242.21 |
8.96 |
8.42 |
0.272 |
147.9 |
164.2 |
Includes |
237.10 |
238.79 |
1.69 |
1.59 |
0.315 |
205.1 |
224.0 |
Hole BP07-148 is located east
of La Preciosa Ridge on mine section 15,200 N, 150 metres east of hole
BP07-131, as well as 100 metres north of hole BP07-146. It is oriented
azimuth 090, dip -45 degrees. A significant silver-rich Martha Vein is
present, with stringer mineralization in hanging and foot
walls.
BP07-147
Vein |
From metres) |
To (metres) |
Core
Length |
True Width |
Au (g/t) |
Ag (g/t) |
Ag-Eq (g/t) |
|
|
|
|
|
|
|
|
Martha |
186.61 |
195.00 |
8.32 |
8.19 |
0.355 |
111.8 |
133.1 |
Includes |
186.61 |
192.32 |
5.71 |
5.62 |
0.507 |
144.3 |
174.8 |
Includes |
186.61 |
188.78 |
2.17 |
2.14 |
1.142 |
162.2 |
230.7 |
|
|
|
|
|
|
|
|
Unnamed |
340.04 |
344.10 |
4.06 |
3.82 |
0.416 |
618.7 |
643.6 |
Includes |
340.31 |
343.90 |
3.59 |
3.37 |
0.459 |
695.0 |
722.5 |
Includes |
343.11 |
343.90 |
0.79 |
0.74 |
0.959 |
2,114.1 |
2,171.6 |
Hole BP07-147 is located east
of La Preciosa Ridge on mine section 15,400 N, 110 metres east of hole
BP07-130, as well as 100 metres north of hole BP07-149. It is oriented
azimuth 090, dip -45 degrees. A significant silver-gold rich Martha Vein
is present, as well as a deeper silver-gold rich unnamed vein 140 metres
further down the drill hole.
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 |
498.56 |
499.74 |
1.18 |
0.90 |
13.220 |
1.0 |
794.2 |
Hole BP07-146 (partially
reported in news release 15 January 2008) 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. A significant silver rich Martha
Vein is present, with stringer mineralization in hanging and foot walls.
The pyritic vein at 498.56 is at 40 degrees perpendicular to the core
and is gold rich.
BP07-145
Vein |
From metres) |
To (metres) |
Core Length |
True Width |
Au (g/t) |
Ag (g/t) |
Ag-Eq (g/t) |
|
|
|
|
|
|
|
|
Martha |
230.73 |
235.56 |
4.83 |
4.54 |
0.064 |
6.5 |
10.3 |
Includes |
234.98 |
235.18 |
0.20 |
0.19 |
0.284 |
52.6 |
69.6 |
Hole BP07-145 is located north
of La Preciosa Ridge on mine section 15,700 N, 100 metres east of hole
BP07-122. It is oriented azimuth 090, dip -45 degrees. The Martha Vein is
present, as marked by quartz veinlets and elevated base metals, but it is
of low grade in this location.
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/orkonews02272008.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
.
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