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Orko Silver Corporation

Publié le 19 novembre 2007

Hits 16.55 metres grading 377.7 g/t silver-equivalent on Martha Vein

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November 19, 2007
TSX Venture Exchange Tier 1

Trading Symbol: OK


Orko Silver Hits 16.55 metres grading 377.7 g/t silver-equivalent on Martha Vein

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.

Ten more drill holes have extended the Martha Vein structure from the previously reported Inferred Resource Estimate area (see news release 01 October 2007), of which seven exceed 5 metres true width, illustrating the continuity of this major structure. Hole BP07-135 hit a true width of 16.55 metres grading gold 0.363 g/t, silver 355.9 g/t for a silver-equivalent of 377.7 g/t.

Gary Cope, President of Orko, adds, "Since the last resource estimate that included holes to BP07-120, the focus of the ongoing drilling program has been to drill test the Martha Vein both to the east and to the south of the previously defined area of Martha Vein resource reported in the Oct 1 resource estimate (see news release Oct 1, 2007 for details). To date the company has drilled approximately 35 holes further testing the extent of the Martha Vein which now has been intercepted continuously in numerous holes up to a further kilometer south and east of the holes that contain the Martha Vein mineral resource estimate. The Martha Vein is an encouraging structure, varying in thickness but consistent in predictability as the drills move east and south of the previous Martha resource estimates. Grades for many of the Martha vein holes recently drilled are unknown and will be released as the company receives the results of the sampling.

The discovery of Martha and the newly available drilling data suggests that we are onto a deposit of much larger scale and scope than had originally been conceived.To that end, we are focusing our attention and resources on drill testing the Martha Vein more aggressively.We are proud of what our team has accomplished at La Preciosa and are excited about the prospect of releasing more drill results.We look forward to releasing new resource estimate in Q1 2008.?

The following holes highlight results from drilling targeted to intercept the Martha Vein and other veins.

 

BP07-135

Vein

From

(metres)

To

(metres)

Core Length

True Width

Au

(g/t)

Ag

(g/t)

Ag-Eq

(g/t)

 

 

 

 

 

 

 

 

Martha

472.83

490.44

17.61

16.55

0.363

355.9

377.7

Includes

476.68

490.44

13.76

12.93

0.451

430.5

457.6

Includes

481.91

483.76

1.85

1.74

0.684

1,033.6

1,074.6

 

 

 

 

 

 

 

 


Hole BP07-135 is located on the east side of La Preciosa Ridge, azimuth 090o, dip -50o, 100 metres east of hole BP06-69, on mine-section 15,000 N.

BP07-133

 

Vein

From

(metres)

To

(metres)

Core Length

True Width

Au

(g/t)

Ag

(g/t)

Ag-Eq

(g/t)

 

 

 

 

 

 

 

 

Martha

308.23

321.26

13.03

11.28

0.358

126.3

147.8

Includes

310.94

321.26

10.32

8.94

0.412

139.6

164.3

Includes

318.21

321.26

3.05

2.64

0.540

186.4

218.8

 

 

 

 

 

 

 

 

 

Hole BP07-133 is located east of La Preciosa Ridge on mine section 15,100 N, 100 metres east of hole BP06-71 and 100 metres north of hole BP07-135. It is oriented azimuth 090, dip -50 degrees.

BP07-132

 

Vein

From

(metres)

To

(metres)

Core Length

True Width

Au

(g/t)

Ag

(g/t)

Ag-Eq

(g/t)

 

 

 

 

 

 

 

 

Martha(total)

230.73

246.55

15.82

13.70

0.144

79.7

88.3

 

 

 

 

 

 

 

Marthita

230.73

234.03

3.30

2.86

0.305

141.7

160.0

Includes

231.38

234.03

2.65

2.29

0.342

160.1

180.6

 

 

 

 

 

 

 

 

Martha

241.33

246.55

5.22

4.52

0.097

109.0

114.8

Includes

244.03

246.55

2.52

2.18

0.072

161.0

165.4

Includes

244.03

245.55

1.52

1.32

0.077

235.9

240.5

 

 

 

 

 

 

 

 


Hole BP07-132 is located east of La Preciosa Ridge on mine section 15,300 N, 100 metres east of hole BP06-72. It is oriented azimuth 090, dip -45 degrees. The Martha (total) is the structure of Martha plus Marthita intersections and lower grade material in between.

BP07-131

 

Vein

From

(metres)

To

(metres)

Core Length

True Width

Au

(g/t)

Ag

(g/t)

Ag-Eq

(g/t)

 

 

 

 

 

 

 

 

Martha

241.17

253.50

12.33

11.17

0.322

129.1

148.4

Includes

241.17

247.26

6.09

5.52

0.346

144.7

165.4

Includes

241.17

243.03

1.86

1.69

0.546

236.5

269.3

 

 

 

 

 

 

 

 


Hole BP07-131 is located east of La Preciosa Ridge on mine section 15,200 N, 100 metres east of hole BP06-62. It is oriented azimuth 000, dip -90 degrees.

BP07-130

 

Vein

From

(metres)

To

(metres)

Core Length

True Width

Au

(g/t)

Ag

(g/t)

Ag-Eq

(g/t)

 

 

 

 

 

 

 

 

Martha

257.05

262.20

5.15

4.46

0.538

182.8

215.1

Includes

257.05

259.65

2.60

2.25

0.950

210.2

267.2

Includes

257.05

258.60

1.55

1.34

1.359

306.9

388.4

 

 

 

 

 

 

 

 

 

Hole BP07-130 is located north of La Preciosa Ridge on mine section 15,400 N, 100 metres east of hole BP07-126. It is oriented azimuth 090, dip -45 degrees. 

BP07-128

 

Vein

From

(metres)

To

(metres)

Core Length

True Width

Au

(g/t)

Ag

(g/t)

Ag-Eq

(g/t)

 

 

 

 

 

 

 

 

Martha

288.65

296.74

8.09

7.33

0.186

105.2

116.4

Includes

288.65

292.92

4.27

3.87

0.242

171.7

186.2

Includes

288.65

290.37

1.72

1.56

0.259

257.8

273.3

 

 

 

 

 

 

 

 

 

Hole BP07-128 is located north of La Preciosa Ridge on mine section 15,500 N, 100 metres east of hole BP07-96. It is oriented azimuth 090, dip -45 degrees.

BP07-126

Vein

From

(metres)

To

(metres)

Core Length

True Width

Au

(g/t)

Ag

(g/t)

Ag-Eq

(g/t)

 

 

 

 

 

 

 

 

Martha(total)

298.34

315.41

17.07

16.04

0.167

72.5

82.5

 

 

 

 

 

 

 

 

Marthita

298.34

306.02

7.68

7.22

0.259

87.1

102.7

Includes

298.74

302.92

4.18

3.93

0.313

113.8

132.6

Includes

302.59

302.92

0.33

0.31

0.650

484.3

523.3

 

 

 

 

 

 

 

 

Martha

312.28

315.41

3.13

2.94

0.176

131.6

142.2

Includes

313.60

315.41

1.81

1.70

0.199

190.9

202.8

 

 

 

 

 

 

 

 

 

Hole BP07-126 is located north of La Preciosa Ridge on mine section 15,400 N, 100 metres east of hole BP06-77. It is oriented azimuth 090, dip -45 degrees. The Martha (total) is the structure of Martha plus Marthita intersections and lower grade material in between.

BP07-125A

 

Vein

From

(metres)

To

(metres)

Core Length

True Width

Au

(g/t)

Ag

(g/t)

Ag-Eq

(g/t)

 

 

 

 

 

 

 

 

Martha

256.33

267.34

11.01

9.98

0.244

144.8

159.4

Includes

256.33

263.17

6.84

6.20

0.293

208.4

226.0

Includes

258.16

260.02

1.86

1.69

0.560

374.7

408.4

 

 

 

 

 

 

 

 

 

Hole BP07-125A is located north of La Preciosa Ridge on mine section 15,800 N, 100 metres east of hole BP07-127. It is oriented azimuth 090, dip -45 degrees. 

BP07-124

 

Vein

From

(metres)

To

(metres)

Core Length

True Width

Au

(g/t)

Ag

(g/t)

Ag-Eq

(g/t)

 

 

 

 

 

 

 

 

Martha

269.36

274.86

5.50

5.17

0.286

125.9

143.1

Includes

270.16

273.94

3.78

3.55

0.373

146.8

169.1

Includes

270.16

270.36

0.20

0.19

0.530

355.4

387.2

 

 

 

 

 

 

 

 

 

Hole BP07-124 is located north of La Preciosa Ridge on mine section 15,600 N, 100 metres east of hole BP07-118. It is oriented azimuth 090, dip -45 degrees.

BP07-121

 

Vein

From

(metres)

To

(metres)

Core Length

True Width

Au

(g/t)

Ag

(g/t)

Ag-Eq

(g/t)

 

 

 

 

 

 

 

 

Martha

423.40

425.22

1.82

1.71

0.096

245.8

251.5

Includes

423.40

424.89

1.49

1.40

0.109

298.8

305.4

Includes

423.40

424.27

0.87

0.81

0.118

488.8

495.9

 

 

 

 

 

 

 

 

 

Hole BP07-121 is located north of La Preciosa Ridge, 100 metres east of BP07-119. It is on mine grid 15,900 N, azimuth 090, dip -45 degrees.

BP07-116

 

Vein

From

(metres)

To

(metres)

Core Length

True Width

Au

(g/t)

Ag

(g/t)

Ag-Eq

(g/t)

 

 

 

 

 

 

 

 

Unnamed

130.10

132.26

2.16

1.96

0.324

124.6

144.1

Includes

130.10

131.84

1.74

1.58

0.389

137.8

161.2

Includes

130.10

131.05

0.95

0.86

0.646

194.9

233.6

 

 

 

 

 

 

 

 

 

Hole BP07-116 did not reach target depth for the Martha Vein due to a jamming of the drill rods, but did intercept a vein. It is located on the east side of La Preciosa Ridge, 200 metres east of hole BP06-65, on mine grid 14,800 N, azimuth 090, dip -50 degrees.

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/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 3 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.

If you feel you have received this message in error or no longer wish to subscribe to this service
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Orko Silver Corporation

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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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