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Orko Silver Corporation

Publié le 19 juillet 2007

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

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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

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CODE : OK.V
CUSIP : 685930
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Orko Silver est une société développant des projet miniers d'argent basée au Canada.

Orko Silver est en développement de projets d'argent et d'or au Mexique, et détient divers projets d'exploration au Mexique.

Son principal projet en développement est LA PRECIOSA au Mexique et ses principaux projets en exploration sont SAN JUAN et SANTA MONICA au Mexique.

Orko Silver est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 1,8 millions CA$ (1,4 millions US$, 1,2 millions €).

La valeur de son action a atteint son plus haut niveau récent le 22 juillet 2011 à 3,25 CA$, et son plus bas niveau récent le 08 février 2019 à 0,02 CA$.

Orko Silver possède 73 760 000 actions en circulation.

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Présentations des Compagnies de Orko Silver Corporation
09/09/2008MARTHA THINNING OUT TO SOUTH… BUT THEN?
18/04/2008Research notes
16/01/2008La Preciosa Thins to the North and Continues to the Southeas...
20/11/2007Drilling Hits Best Hole to Date on La Preciosa
09/10/200773.1 MILLION OUNCES SILVER EQUIVALENT RESOURCE IN DURANGO ST...
09/08/2007Martha Tips the Silver Balance at Preciosa
02/04/2007Orko takes nino steps in Mexico
13/10/2006Keeps drills turning at La Preciosa
19/05/2006New recommandation
01/05/2006Article of ICMJ Mining Journal
Dans les médias de Orko Silver Corporation
27/06/2011Announces Update on Postal Strike and AGM
27/02/2008Follow up N° 7
15/01/2008 Expands the Martha Vein to the Southeast at La Preciosa
Rapports annuels de Orko Silver Corporation
2009 Annual Report
2007 Annual Report
Projets de Orko Silver Corporation
16/04/2013Coeur Completes Acquisition of Orko Silver Corp.
16/02/2012(La Preciosa)Provides an Update of Activities at La Preciosa
09/02/2011(La Preciosa)has Retained the Services of AMEC for a Review of La Precios...
29/04/2010(La Preciosa)More drill results at La Preciosa
22/06/2009(La Preciosa)Pan American Silver and Orko Silver Begin Comprehensive Dril...
18/02/2009(La Preciosa)Increases and Upgrades La Preciosa Resource Estimate
22/07/2008(La Preciosa)Reports Multiple Hits into Martha Vein at La Preciosa
28/02/2008Drilling Hits Best Martha to Date and a New High-Grade Vein ...
19/11/2007(La Preciosa)Hits 16.55 metres grading 377.7 g/t silver-equivalent on Mar...
10/10/2007(La Preciosa) Adds Fourth Drill Rig
01/10/2007(La Preciosa)Increases Resource Estimate by 86% to 73.1 Million Ounces Si...
19/09/2007(La Preciosa)Continues to Hit Wide High Grade Intercepts at La Preciosa
19/09/2007(La Preciosa)Reports High Grade Assay Results from Transversal Vein
05/06/2007(La Preciosa)Continues to Hit Major Silver-Gold Intercepts at La Preciosa
30/05/2007(La Preciosa) Intercepts 19.05 metres of 239.6 g/t Silver-Equivalent
09/05/2007(La Preciosa)Hits Major Intercept in Martha Vein at La Preciosa
18/04/2007(La Preciosa)Delivers More Positive Drilling Results from La Preciosa
21/02/2007(La Preciosa)Santa Monica Project Yields Excellent Gold and Silver Values...
Communiqués de Presse de Orko Silver Corporation
10/04/2013Shareholders Approve Arrangement with Coeur
18/03/2013Mails Meeting Materials
20/02/2013Announces Agreement With Coeur D'Alene
13/02/2013Announces Superior Proposal
08/11/2012(La Preciosa)Announces Filing of NI 43-101 Technical Report for its La Pr...
10/10/2012& Commonwealth Silver | Today, October 10th, 2012
04/10/2012Up close and personal with Orko Silver | Wednesday October 1...
20/09/2012=?windows-1252?Q?Orko_Announces_a_Significant_Upgraded_Resou...
12/09/2012(La Preciosa)Commences Exploration in the Esmeralda Targets Area of La Pr...
23/05/2012REMINDER: Timmins Gold and Orko Silver | Investors Forum May...
15/05/201210 days left until our next event in Vancouver: Timmins Gold...
15/05/2012Quest Rare Minerals, Orko Silver and REBgold Corp | Investor...
10/05/2012Timmins Gold and Orko Silver Investors Forum, May 24th 2012
07/05/2012Quest Rare Minerals, Orko Silver and REBgold Corp Investors...
02/05/2012Releases the Results of a New Engineering Study
11/08/2011(La Preciosa)Pan American Silver and Orko Silver Release Positive Prelimi...
11/08/2011(La Preciosa)Commentary on recently released La Preciosa Preliminary Econ...
01/06/2011President's Update
07/01/2009Provides 2008 Year End Summary
02/12/2008Drills 3.99 metres of 1 Kilogram per ton Silver Equivalent
26/11/2008Delays Resource Estimate until January 2009
05/06/2008Exhibit at World Resource Investment Conference 2008 in Vanc...
31/03/2008 Increases Resource Estimate by 41% to 103.2 Million Ounces ...
27/02/2008 Hits Massive Intercept on Martha Vein
01/02/2008Provides Video Update
05/10/2007Research Capital Updates Coverage on Orko Silver
19/07/2007C ontinues to Hit Martha Vein; Adds Third Drill Rig to Proje...
27/03/2007Announces Two Major Developments at La Preciosa
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