Orko Silver Hits 20.85 Metres Grading 458.3 g/t Silver-Equivalent on Martha Vein Including Over 3 Metres Grading Greater Than 1.
March 31 2008 - 8:00AM
Marketwired Canada
Orko Silver Corp. (TSX VENTURE: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 BP06-71 was performed in late 2007, from 251 metres to a new
depth of 533 metres, and the extended hole name was changed to BP06-71ext. The
Martha Vein was intersected at a depth of 389.43 to 411.62 metres for a true
width of 20.85 metres grading gold 0.414 g/t and silver 433.5 g/t, for a
silver-equivalent of 458.3 g/t. Within this interval is a true width 3.05 metres
grading gold 0.802 g/t and silver 1,547.4 g/t, for a silver equivalent of
1,595.5 g/t.
Hole BP06-71ext 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 estimate.
In addition, the extended holes BP06-74ext, BP06-70ext, BP06-64ext, BP06-62ext
and BP06-60ext also intersected the Martha Vein (see tables below).
Gary Cope, President of Orko, adds, "We are obviously very pleased with the
intercept reported in Hole 71ext and the impact it will have on our upcoming
43-101 compliant Resource Estimate. Moreover, drilling is continuing at a brisk
pace at La Preciosa with all four rigs working at full capacity and Hole 220 is
now underway. Even with the inclusion of all currently available assay results
in the next Resource Estimate, the Company will have drilled over 70 holes that
will not be included in the upcoming Resource Estimate. We are eagerly looking
forward to reporting the next Resource Estimate and beyond that foresee a
continued stream of assay results from on-going drilling at La Preciosa."
BP06-71ext
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From To Core True Au Ag Ag-Eq
Vein (metres) (metres) Length Width (g/t) (g/t) (g/t)
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Unnamed 271.73 272.28 0.55 0.55 1.678 58.3 159.0
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Martha 389.43 411.62 22.19 20.85 0.414 433.5 458.3
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Includes 389.43 395.97 6.54 6.15 0.455 872.1 899.4
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Includes 389.71 392.96 3.25 3.05 0.802 1,547.4 1,595.5
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Includes 390.29 390.63 0.34 0.32 0.510 4,036.6 4,067.2
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Unnamed 527.39 528.09 0.70 0.61 0.138 150.5 158.8
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Hole BP06-71ext is located on the east side of La Preciosa Ridge, azimuth 090
degrees, dip -50 degrees, on mine-section 15,100 N. It was originally drilled in
2006 to a depth of 251.46 metres and was extended in late 2007 to a depth of
533.10 metres. The Martha vein is a prominent structure in this hole.
BP06-74ext
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From To Core True Au Ag Ag-Eq
Vein (metres) (metres) Length Width (g/t) (g/t) (g/t)
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Martha 375.18 380.04 4.86 4.69 0.190 53.1 64.5
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Includes 377.11 379.32 2.21 2.13 0.268 86.1 102.1
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Includes 377.32 377.72 0.40 0.39 0.517 186.3 217.3
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Hole BP06-74 is on the east side of La Preciosa Ridge, azimuth 000 degrees, dip
-90 degrees, on mine-section 15,100 N. It was originally drilled to a depth of
300.23 metres in 2006 then extended to a depth of 516.33 in late 2007. Base
metal content (zinc and lead) are elevated.
BP06-70ext
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From To Core True Au Ag Ag-Eq
Vein (metres) (metres) Length Width (g/t) (g/t) (g/t)
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Martha 444.89 460.37 15.42 14.49 0.234 88.8 102.9
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Includes 444.89 450.68 5.79 5.44 0.232 166.2 180.1
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Includes 447.89 450.68 2.79 2.62 0.325 313.9 333.4
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Includes 448.11 448.51 0.40 0.38 0.670 1,364.4 1,404.6
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Hole BP06-70ext was drilled in 2006 and later extended near the end of 2007 to a
depth of 514.20 metres. It is located on the east side of La Preciosa Ridge,
azimuth 000 degrees, dip -90 degrees, 100 metres south of hole BP07-135, on
mine-section 14,900 N. Base metal content increases in the Martha vein and
veinlets below.
BP06-64ext
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From To Core True Au Ag Ag-Eq
Vein (metres) (metres) Length Width (g/t) (g/t) (g/t)
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Unnamed 276.83 277.03 0.20 0.19 2.207 330.0 462.4
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Martha 299.50 325.70 26.20 24.62 0.276 100.2 116.8
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Includes 308.32 324.31 15.99 15.03 0.303 136.1 154.3
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Includes 320.41 324.31 3.90 3.66 0.324 366.4 385.9
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Includes 321.26 321.96 0.70 0.66 0.434 1,177.4 1,203.4
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Hole BP06-64ext is located on the east side of La Preciosa Ridge, azimuth 090
degrees, dip -50 degrees, on mine-section 15,200 N. It was originally drilled in
2006 then extended to a depth of 480.90 metres in late 2007. The Martha vein is
a prominent structure in this hole.
BP06-62ext
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From To Core True Au Ag Ag-Eq
Vein (metres) (metres) Length Width (g/t) (g/t) (g/t)
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Unnamed 244.44 245.04 0.60 0.56 0.156 118.2 127.5
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Unnamed 260.15 261.24 1.09 0.83 0.073 114.5 118.9
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Martha 284.76 295.85 11.09 10.42 0.108 61.6 68.0
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Includes 289.90 295.20 5.30 4.98 0.126 95.2 102.8
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Includes 289.90 292.05 2.15 2.02 0.243 102.8 117.4
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Includes 289.90 290.70 0.80 0.75 0.607 231.1 267.5
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Hole BP06-62 was drilled in 2006 east of the outcropping Abundancia Vein in the
"Mina La Preciosa Sector", on section mine-grid 15,200 N, to test the Luz Elena
vein. In late 2007 the hole was extended to a depth of 480.06 metres to test the
Martha vein. The Martha vein is a network of veins and veinlets in this hole.
BP06-60ext
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From To Core True Au Ag Ag-Eq
Vein (metres) (metres) Length Width (g/t) (g/t) (g/t)
--------------------------------------------------------------------------
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Martha 364.12 368.91 4.79 4.50 0.134 16.7 24.7
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Includes 367.38 367.82 0.44 0.41 0.185 63.5 74.6
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Hole BP06-60ext is located in the "Mina La Preciosa Sector", high on La Preciosa
Ridge, on section mine-grid 15,200 N, east of holes BP05-03, 04 and 07, and west
of hole BP06-62 and 64. Orientation was azimuth 090 degrees and dip -80 degrees.
It was designed to pass through Abundancia vein, targeting the Luz Elena vein
when initially drilled in 2006 and was extended deeper in late 2007 to intercept
Martha vein, with the end of hole to 517.25 metres. Martha structure is present,
with elevated base metal and gold values, but is low in silver.
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/orkonews03312008.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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