Orko Silver Expands the Martha Vein to the Southeast at La Preciosa
January 15 2008 - 7:00AM
Marketwired Canada
Orko Silver Corp. (TSX VENTURE: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.
Additional drilling has extended the Martha Vein southeastward; including a
thick mineralized zone 400 metres south of the area reported in the October 1st,
2007, 43-101 Compliant Resource Estimate.
Hole BP07-146 hit a true width of 15.15 metres grading gold 0.321 g/t, silver
141.7 g/t for a silver-equivalent of 160.9 g/t. It includes a higher grade core
of 8.20 metres grading gold 0.519 g/t, silver 213.3 g/t for a silver-equivalent
of 244.5 g/t. This hole expands the area previously reported with hole BP07-135,
which yielded 16.55 metres of gold 0.363 g/t and silver 355.9 g/t for a silver
equivalent of 377.7 g/t (see news release dated November 19th, 2007).
Gary Cope, President of Orko Silver, adds, "These results continue to
demonstrate that the Martha Vein is a major developing story at La Preciosa. The
grades combined with large widths are very encouraging for our next 43-101
Resource Estimate expected to be released at the end of the first quarter. We
are also happy to report that the 2008 Exploration program is now fully
operational with all 4 rigs drilling at La Preciosa."
The following holes highlight results from drilling targeted to intercept the
Martha Vein and other veins.
BP07-146
------------------------------------------------------------------------
From To Core True Au Ag Ag-Eq
Vein (metres) (metres) Length Width (g/t) (g/t) (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 333.45 334.15 0.70 0.54 0.404 422.7 447.0
Includes 333.95 334.15 0.20 0.15 0.602 1,089.7 1,125.8
------------------------------------------------------------------------
------------------------------------------------------------------------
Unnamed 348.94 349.46 0.52 0.49 1.648 256.0 354.9
------------------------------------------------------------------------
------------------------------------------------------------------------
Unnamed 369.93 370.45 0.52 0.50 0.341 467.5 488.0
------------------------------------------------------------------------
Hole BP07-146 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.
BP07-144
------------------------------------------------------------------------
From To Core True Au Ag Ag-Eq
Vein (metres) (metres) Length Width (g/t) (g/t) (g/t)
------------------------------------------------------------------------
------------------------------------------------------------------------
Martha
(total) 327.56 357.49 29.93 28.03 0.080 82.6 87.4
------------------------------------------------------------------------
------------------------------------------------------------------------
Marthita 327.56 331.68 4.12 3.87 0.090 172.2 177.5
Includes 329.74 331.68 1.94 1.82 0.124 317.7 325.2
Includes 330.05 330.25 0.20 0.19 0.375 1,006.5 1,029.0
------------------------------------------------------------------------
------------------------------------------------------------------------
Martha 348.50 357.49 8.99 8.45 0.179 147.2 158.0
Includes 353.71 357.49 3.78 3.55 0.272 207.9 224.2
Includes 355.62 356.20 0.58 0.55 0.815 531.2 580.1
------------------------------------------------------------------------
Hole BP07-144 is located on the east side of La Preciosa Ridge, azimuth 090
degrees, dip -45 degrees, 100 metres east of hole BP07-141 and 100 metres south
of BP07-146, on mine-section 15,000 N. The interval Martha (total) is from
Marthita to Martha and all the sub-intervals.
BP07-143
------------------------------------------------------------------------
From To Core True Au Ag Ag-Eq
Vein (metres) (metres) Length Width (g/t) (g/t) (g/t)
------------------------------------------------------------------------
------------------------------------------------------------------------
Martha 391.36 397.67 6.31 5.93 0.311 181.1 199.8
Includes 395.08 397.67 2.59 2.43 0.611 415.9 452.6
Includes 395.68 395.90 0.22 0.21 1.035 982.4 1,044.5
------------------------------------------------------------------------
Hole BP07-143 is located on the east side of La Preciosa Ridge, azimuth 090
degrees, dip -45 degrees, 100 metres east of hole BP06-138 and 100 metres south
of hole BP07-144, on mine-section 14,900 N. There is one internal interval of
"no recovery" entered as zero grade, thus the overall grade may be understated.
BP07-142
------------------------------------------------------------------------
From To Core True Au Ag Ag-Eq
Vein (metres) (metres) Length Width (g/t) (g/t) (g/t)
------------------------------------------------------------------------
------------------------------------------------------------------------
Martha 231.17 237.10 5.93 5.57 0.059 37.6 41.2
Includes 233.75 235.07 1.32 1.24 0.146 95.6 104.4
Includes 233.99 234.25 0.26 0.24 0.320 239.8 259.0
------------------------------------------------------------------------
Hole BP07-142 is located north of La Preciosa Ridge on mine section 15,800 N,
100 metres east of hole BP07-125A. It is oriented azimuth 090, dip -45 degrees.
BP07-141
------------------------------------------------------------------------
From To Core True Au Ag Ag-Eq
Vein (metres) (metres) Length Width (g/t) (g/t) (g/t)
------------------------------------------------------------------------
------------------------------------------------------------------------
Martha
(total) 398.84 431.17 33.35 31.34 0.082 81.2 86.1
------------------------------------------------------------------------
------------------------------------------------------------------------
Marthita 398.84 403.01 4.17 3.92 0.040 101.0 103.4
Includes 399.54 401.26 1.72 1.62 0.042 117.8 120.3
Includes 402.71 403.01 0.30 0.28 0.030 410.8 412.6
------------------------------------------------------------------------
------------------------------------------------------------------------
Martha 426.38 432.19 5.81 5.46 0.349 280.5 301.4
Includes 429.40 432.19 2.79 2.62 0.554 500.6 533.8
Includes 429.40 431.17 1.77 1.66 0.745 661.7 706.4
------------------------------------------------------------------------
Hole BP07-141 is located on the east side of La Preciosa Ridge, azimuth 090
degrees, dip -50 degrees, 100 metres east of hole BP07-135, on mine-section
15,000 N. The interval Martha (total) is from Marthita to Martha and all the
sub-intervals. Martha (total) also grades 0.21 % Pb and 0.71 % Zn.
BP07-140
------------------------------------------------------------------------
From To Core True Au Ag Ag-Eq
Vein (metres) (metres) Length Width (g/t) (g/t) (g/t)
------------------------------------------------------------------------
------------------------------------------------------------------------
Martha 246.30 259.53 13.23 12.43 0.068 60.4 64.5
Includes 246.30 248.91 2.61 2.45 0.167 107.5 117.5
Includes 246.30 247.78 1.48 1.39 0.254 157.1 172.4
------------------------------------------------------------------------
Hole BP07-140 is located north of La Preciosa Ridge on mine section 15,600 N,
100 metres east of hole BP07-124. It is oriented azimuth 090, dip -48 degrees.
BP07-139
------------------------------------------------------------------------
From To Core True Au Ag Ag-Eq
Vein (metres) (metres) Length Width (g/t) (g/t) (g/t)
------------------------------------------------------------------------
------------------------------------------------------------------------
Unnamed 187.93 189.13 1.20 1.13 0.095 277.9 283.6
------------------------------------------------------------------------
------------------------------------------------------------------------
Martha 220.50 235.92 15.42 14.49 0.169 59.4 69.5
Includes 220.50 222.68 2.08 1.95 0.444 146.6 173.2
Includes 220.50 221.79 1.29 1.21 0.611 215.0 251.6
------------------------------------------------------------------------
Hole BP07-139 is located north of La Preciosa Ridge on mine section 15,500 N,
100 metres east of hole BP07-128. It is oriented azimuth 090, dip -60 degrees.
BP07-138
------------------------------------------------------------------------
From To Core True Au Ag Ag-Eq
Vein (metres) (metres) Length Width (g/t) (g/t) (g/t)
------------------------------------------------------------------------
------------------------------------------------------------------------
Martha 436.94 442.86 5.92 5.56 0.130 47.0 54.8
Includes 436.94 438.60 1.66 1.56 0.181 95.0 105.9
Includes 437.14 437.59 0.45 0.42 0.406 248.7 273.1
------------------------------------------------------------------------
Hole BP07-138 is located on the east side of La Preciosa Ridge, azimuth 090
degrees, dip -50 degrees, 100 metres east of hole BP06-68, on mine-section
14,900 N.
BP07-137
------------------------------------------------------------------------
From To Core True Au Ag Ag-Eq
Vein (metres) (metres) Length Width (g/t) (g/t) (g/t)
------------------------------------------------------------------------
------------------------------------------------------------------------
Martha 455.25 460.06 4.81 4.35 0.069 35.1 39.3
Includes 455.64 459.61 3.97 3.60 0.065 36.7 40.6
Includes 457.78 458.05 0.27 0.24 0.039 111.2 113.5
------------------------------------------------------------------------
Hole BP07-137 is located on the east side of La Preciosa Ridge, 100 metres east
of hole BP06-65, on mine grid 14,800 N, azimuth 090, dip -50 degrees. The Martha
structure is present, but does not meet current grade requirements.
BP07-136
------------------------------------------------------------------------
From To Core True Au Ag Ag-Eq
Vein (metres) (metres) Length Width (g/t) (g/t) (g/t)
------------------------------------------------------------------------
------------------------------------------------------------------------
Martha 324.07 331.04 6.97 4.93 0.134 48.1 56.2
Includes 324.07 325.87 1.80 1.27 0.347 93.8 114.6
Includes 324.07 324.89 0.82 0.58 0.445 121.3 148.0
------------------------------------------------------------------------
------------------------------------------------------------------------
Unnamed 407.47 411.06 3.59 3.11 0.322 109.8 129.1
Includes 407.47 409.18 1.71 1.48 0.463 132.9 159.1
------------------------------------------------------------------------
Hole BP07-136 is located east of La Preciosa Ridge on mine section 15,100 N, 100
metres east of hole BP07-133. It is oriented azimuth 090, dip -50 degrees.
BP07-134
------------------------------------------------------------------------
From To Core True Au Ag Ag-Eq
Vein (metres) (metres) Length Width (g/t) (g/t) (g/t)
------------------------------------------------------------------------
------------------------------------------------------------------------
Unnamed 118.09 119.85 1.76 1.65 0.140 115.9 124.3
Includes 118.09 118.29 0.20 0.19 0.057 515.6 519.0
------------------------------------------------------------------------
------------------------------------------------------------------------
Martha 243.32 255.05 11.73 11.33 0.609 106.2 142.7
Includes 243.84 249.12 5.28 5.10 0.977 125.3 184.0
Includes 254.00 254.20 0.20 0.19 0.821 1,043.1 1,092.4
------------------------------------------------------------------------
------------------------------------------------------------------------
Unnamed 405.21 406.96 1.75 1.52 0.248 170.3 185.2
Includes 405.64 406.96 1.32 1.14 0.267 222.4 238.4
------------------------------------------------------------------------
Hole BP07-134 is located on the east side of La Preciosa Ridge, mine-section
15,200 N, at azimuth 090, dip -50. It was drilled from the same pad as the
vertical hole BP07-131, thus its Martha intercept is further to the east.
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/orkonews011508.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
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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