|
July 22, 2008
TSX Venture Exchange Tier 1
Trading Symbol: OK
Orko Silver
Reports Multiple Hits into Martha Vein at La Preciosa
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.
Of
particular note in this release for the Martha Vein is hole BP08-212A, which
yielded a true thickness of 8.16 metres grading gold 0.184 g/t and silver
247.9 g/t for a silver-equivalent of 258.9 g/t. Also, hole BP08-192 yielded
2.98 metres grading gold 0.435 g/t and silver 556.3 g/t for a
silver-equivalent of 583.4 g/t.
Gary
Cope, President of Orko, adds, ?We are very pleased with this set of drill
results and the overall success of our drilling program. Expanding the
Martha Vein along strike and at depth is the focus of the current drilling
program. The Martha
Vein is relatively flat lying, averages 10m in true widths and is dipping an
average of 20 degrees to the west. To date, the Martha Vein has been drill
tested over a length of approximately two kilometers in a north-south
direction and 800 metres in an east-west direction. The company?s technical
team sees the potential of an additional 3 kilometers of length for the
Martha Vein structure to the south-east.
The
latest resource estimate includes the results of 51 Martha drill holes which
accounted for 56% of the overall resource (see News Release dated March 31,
2008). All of the over 130 holes not in the latest resource estimate have
intercepted the Martha Vein structure. We look forward to releasing
further results in the near future.?
BP08-213A
|
Vein
|
From(metres)
|
To
(metres)
|
Core
Length
|
True
Width
|
Au
(g/t)
|
Ag
(g/t)
|
Ag-Eq
(g/t)
|
|
|
|
|
|
|
|
|
|
|
Martha
|
359.19
|
372.57
|
13.38
|
13.18
|
0.077
|
87.1
|
91.7
|
|
Includes
|
367.92
|
372.57
|
4.65
|
4.58
|
0.142
|
177.8
|
186.3
|
|
Includes
|
369.41
|
371.87
|
2.46
|
2.42
|
0.156
|
199.7
|
209.1
|
Hole BP08-213A is
located east of La Preciosa Ridge on mine section 14,700 N, between holes
BP08-214 and BP08-208. It is oriented azimuth 090, dip -75 degrees. Martha
vein is a strong structure adjacent to the conglomerate / schist contact.
Lead and zinc are elevated in the Martha vein at 0.35 % and 1.22 %
respectively for the 13.18 metre intercept and 0.73 % and 3.02 % respectively
for the 4.58 metre intercept.
BP08-212A
|
Vein
|
From(metres)
|
To
(metres)
|
Core
Length
|
True
Width
|
Au
(g/t)
|
Ag
(g/t)
|
Ag-Eq
(g/t)
|
|
|
|
|
|
|
|
|
|
|
Martha
|
286.60
|
295.28
|
8.68
|
8.16
|
0.184
|
247.9
|
258.9
|
|
Includes
|
286.60
|
292.43
|
5.83
|
5.48
|
0.235
|
300.5
|
314.6
|
|
Includes
|
286.60
|
288.52
|
1.92
|
1.80
|
0.134
|
520.2
|
528.3
|
Hole BP08-212A is
located east of La Preciosa Ridge on mine section 14,700 N, between holes
BP08-208 and BP08-220. It is oriented azimuth 090, dip -75 degrees. Martha
vein is a strong structure adjacent to the andesite / conglomerate contact.
BP08-211
|
Vein
|
From(metres)
|
To
(metres)
|
Core
Length
|
True
Width
|
Au
(g/t)
|
Ag
(g/t)
|
Ag-Eq
(g/t)
|
|
|
|
|
|
|
|
|
|
|
Transversal
|
107.05
|
119.63
|
12.58
|
8.08
|
0.102
|
34.2
|
40.3
|
|
Includes
|
112.02
|
113.12
|
1.10
|
0.70
|
0.064
|
88.6
|
92.4
|
|
|
|
|
|
|
|
|
|
|
Unnamed
|
341.36
|
341.86
|
0.50
|
0.49
|
0.604
|
269.0
|
305.3
|
|
|
|
|
|
|
|
|
|
|
Martha
|
344.27
|
352.99
|
8.72
|
8.58
|
0.285
|
91.9
|
109.0
|
|
Includes
|
351.31
|
352.99
|
1.68
|
1.65
|
0.990
|
169.6
|
229.0
|
|
Includes
|
344.27
|
345.63
|
1.38
|
1.36
|
0.421
|
338.7
|
363.9
|
Hole BP08-211 is
located east of La Preciosa Ridge on mine section 14,600 N, 100 metres east
of BP08-210 and 100 metres west of BP08-216. It is oriented azimuth 090, dip
-75 degrees. Martha vein is a strong structure adjacent to the conglomerate
schist contact. Lead and zinc are elevated in the Martha vein at 0.78 % and
1.30 % respectively for the 8.58 metre intercept. Transversal vein is an
oblique intercept with low grade.
BP08-192
|
Vein
|
From
(metres)
|
To
(metres)
|
Core
Length
|
True
Width
|
Au
(g/t)
|
Ag
(g/t)
|
Ag-Eq
(g/t)
|
|
|
|
|
|
|
|
|
|
|
Martha
|
191.34
|
194.35
|
3.01
|
2.98
|
0.435
|
556.3
|
583.4
|
|
Includes
|
191.34
|
192.54
|
1.20
|
1.19
|
0.752
|
970.3
|
1,015.4
|
|
Includes
|
191.62
|
192.54
|
0.92
|
0.91
|
0.668
|
1,115.0
|
1,155.1
|
Hole BP08-192 is
located east of La Preciosa Ridge on mine section 14,800 N. It is oriented
azimuth 090, dip -50 degrees, 100 metres east of holes BP08-188. Martha vein
is a structure along the andesite / conglomerate contact.
BP08-188
|
Vein
|
From
(metres)
|
To
(metres)
|
Core
Length
|
True
Width
|
Au
(g/t)
|
Ag
(g/t)
|
Ag-Eq
(g/t)
|
|
|
|
|
|
|
|
|
|
|
Martha
|
223.72
|
230.37
|
6.65
|
6.42
|
1.007
|
187.6
|
248.0
|
|
Includes
|
229.40
|
229.82
|
0.42
|
0.41
|
13.017
|
452.1
|
1,233.1
|
Hole BP08-188 is
located east of La Preciosa Ridge on mine section 14,800 N. It is oriented
azimuth 090, dip -50 degrees, between holes BP08-179 and BP08-192. Martha
vein is a structure mainly in andesite near the conglomerate contact.
BP08-187
|
Vein
|
From(metres)
|
To
(metres)
|
Core
Length
|
True
Width
|
Au
(g/t)
|
Ag
(g/t)
|
Ag-Eq
(g/t)
|
|
|
|
|
|
|
|
|
|
|
Unnamed
|
275.99
|
279.04
|
3.05
|
2.95
|
0.017
|
100.5
|
101.6
|
|
|
|
|
|
|
|
|
|
|
Martha
|
281.60
|
291.87
|
10.27
|
9.92
|
0.188
|
176.5
|
187.8
|
|
Includes
|
285.04
|
289.15
|
4.11
|
3.97
|
0.339
|
378.3
|
398.6
|
|
Includes
|
288.00
|
288.24
|
0.24
|
0.23
|
0.507
|
1,177.2
|
1,207.6
|
Hole BP08-187 is
located east of La Preciosa Ridge on mine section 14,800 N. It is oriented
azimuth 090, dip -60 degrees, from the same drill pad as hole BP07-167 and
100 metres east of BP07-150A. Martha vein is a structure mainly in
conglomerate near the andesite contact. It is also enriched in base metals at
Zn 1.21 % and Pb 0.42 %.
BP08-184
|
Vein
|
From(metres)
|
To
(metres)
|
Core
Length
|
True
Width
|
Au
(g/t)
|
Ag
(g/t)
|
Ag-Eq
(g/t)
|
|
|
|
|
|
|
|
|
|
|
Martha
|
268.90
|
273.76
|
4.86
|
4.21
|
0.658
|
143.6
|
183.1
|
|
Includes
|
272.05
|
273.76
|
1.71
|
1.48
|
1.334
|
334.7
|
414.7
|
Hole BP08-184 is
located east of La Preciosa Ridge on mine section 15,000 N, between holes
BP08-183 and BP08-190. It is oriented azimuth 090, dip -45 degrees. Martha
vein is a strong structure along the andesite conglomerate contact.
BP08-179
|
Vein
|
From(metres)
|
To
(metres)
|
Core
Length
|
True
Width
|
Au
(g/t)
|
Ag
(g/t)
|
Ag-Eq
(g/t)
|
|
|
|
|
|
|
|
|
|
|
Martha
|
274.27
|
292.55
|
18.08
|
17.80
|
0.082
|
82.3
|
87.2
|
|
Includes
|
282.73
|
292.00
|
9.27
|
9.13
|
0.124
|
99.6
|
107.0
|
|
Includes
|
285.90
|
290.26
|
4.36
|
4.29
|
0.185
|
146.6
|
157.7
|
|
Includes
|
287.67
|
289.70
|
2.03
|
2.00
|
0.198
|
204.3
|
216.1
|
|
|
|
|
|
|
|
|
|
|
Unnamed
|
295.90
|
297.26
|
1.36
|
1.11
|
0.049
|
226.9
|
229.9
|
Hole BP08-179 is
located east of La Preciosa Ridge on mine section 14,800 N. It is oriented
azimuth 090, dip -60 degrees, between holes BP08-187 and BP07-188. Martha
vein is a broad structure in andesite.
BP08-178
|
Vein
|
From(metres)
|
To
(metres)
|
Core
Length
|
True
Width
|
Au
(g/t)
|
Ag
(g/t)
|
Ag-Eq
(g/t)
|
|
|
|
|
|
|
|
|
|
|
Martha
|
315.52
|
318.16
|
2.64
|
2.02
|
0.049
|
143.3
|
146.3
|
|
Includes
|
316.66
|
318.16
|
1.50
|
1.15
|
0.066
|
235.7
|
239.6
|
|
Includes
|
316.99
|
317.25
|
0.26
|
0.20
|
0.155
|
729.5
|
738.8
|
Hole BP08-178 is
located east of La Preciosa Ridge on mine section 15,100 N, between holes
BP07-163 and BP08-182. It is oriented azimuth 090, dip -45 degrees. Martha
vein is a stock work zone hosted in conglomerate.
BP08-176
|
Vein
|
From(metres)
|
To
(metres)
|
Core
Length
|
True
Width
|
Au
(g/t)
|
Ag
(g/t)
|
Ag-Eq
(g/t)
|
|
|
|
|
|
|
|
|
|
|
Martha
|
175.69
|
176.48
|
0.79
|
0.74
|
1.501
|
163.2
|
253.3
|
Hole BP08-176 is
located east of La Preciosa Ridge on mine section 15,300 N, between holes
BP07-171 and BP08-186. It is oriented azimuth 090, dip -45 degrees. Vein lets
occur, but there is no consistent vein in this hole.
BP08-174
|
Vein
|
From(metres)
|
To
(metres)
|
Core
Length
|
True
Width
|
Au
(g/t)
|
Ag
(g/t)
|
Ag-Eq
(g/t)
|
|
|
|
|
|
|
|
|
|
|
Martha
|
148.71
|
150.14
|
1.43
|
1.24
|
0.033
|
59.4
|
61.4
|
|
Includes
|
148.71
|
149.16
|
0.45
|
0.39
|
0.010
|
114.3
|
114.9
|
|
|
|
|
|
|
|
|
|
|
Unnamed
|
205.44
|
206.19
|
0.75
|
0.38
|
0.420
|
625.3
|
650.5
|
Hole BP08-174 is
located east of La Preciosa Ridge on mine section 15,400 N, between BP08-173
and BP08-207. It is oriented azimuth 090, dip -45 degrees. Only stringer vein
mineralization was encountered.
BP08-172
|
Vein
|
From(metres)
|
To
(metres)
|
Core
Length
|
True
Width
|
Au
(g/t)
|
Ag
(g/t)
|
Ag-Eq
(g/t)
|
|
|
|
|
|
|
|
|
|
|
Martha
|
348.05
|
353.65
|
5.60
|
4.85
|
0.214
|
151.3
|
164.2
|
|
Includes
|
349.15
|
351.50
|
2.35
|
2.04
|
0.264
|
266.4
|
282.3
|
|
Includes
|
349.35
|
349.57
|
0.22
|
0.19
|
0.568
|
645.2
|
679.3
|
|
|
|
|
|
|
|
|
|
|
Unnamed
|
376.71
|
379.09
|
2.38
|
2.06
|
0.328
|
74.8
|
94.5
|
|
|
|
|
|
|
|
|
|
|
Unnamed
|
387.13
|
394.66
|
7.53
|
6.52
|
1.478
|
89.4
|
178.1
|
|
Includes
|
388.77
|
393.76
|
4.99
|
4.32
|
2.113
|
109.0
|
235.8
|
|
Includes
|
389.60
|
390.28
|
0.68
|
0.59
|
11.950
|
313.3
|
1,030.3
|
Hole BP08-172 is
located on La Preciosa Ridge on mine section 15,100 N, between holes
BP06-71ext and BP08-180. It is oriented azimuth 090, dip -60 degrees. Martha
vein is a structure within the andesite and the lower structure is in the
conglomerate.
BP08-170
|
Vein
|
From(metres)
|
To
(metres)
|
Core
Length
|
True
Width
|
Au
(g/t)
|
Ag
(g/t)
|
Ag-Eq
(g/t)
|
|
|
|
|
|
|
|
|
|
|
Unnamed
|
167.93
|
171.27
|
3.34
|
3.03
|
0.164
|
70.5
|
80.4
|
|
Includes
|
168.55
|
169.01
|
0.46
|
0.42
|
0.255
|
143.3
|
158.6
|
|
|
|
|
|
|
|
|
|
|
Martha
|
174.25
|
183.17
|
8.92
|
8.38
|
0.580
|
98.0
|
132.8
|
|
Includes
|
175.74
|
179.26
|
3.52
|
3.31
|
0.596
|
131.1
|
166.9
|
|
Includes
|
178.76
|
179.26
|
0.50
|
0.47
|
1.015
|
169.8
|
230.7
|
|
|
|
|
|
|
|
|
|
|
Unnamed
|
303.93
|
304.93
|
1.00
|
0.94
|
0.643
|
226.5
|
259.1
|
|
Includes
|
304.53
|
304.73
|
0.20
|
0.19
|
1.226
|
606.6
|
680.2
|
Hole BP07-170 is
located east of La Preciosa Ridge on mine section 15,300 N, 116 metres east
of hole BP07-132, on the same drill pad as hole BP07-149. It is oriented
azimuth 090, dip -75 degrees. The lowest intercept is also high in base
metals at Pb = 1.47 % and Zn = 15.23 %.
Most of the holes in
the mid-170s, plus some in the 180s and 190s, are along the eastern margin of
the main mineralized trend and, as expected, do not carry ore grades. This is
the case for holes BP08-171, 173, 177, 185, 186 and 190. Hole BP08-175 was
abandoned short of target due to drilling difficulties and has been replaced
by Hole P08-207.
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/orkonews07222008.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 .
If you feel you have received this message in error or no longer wish
to subscribe to this service click here.
|