Orko Silver Hits 7.30 Metres of 425 g/t Silver-Equivalent
October 30 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.
Of particular note is a thick, high-grade intercept for the Martha Vein in hole
BP08-289. This hole is located on the eastern side of the mineralized trend.
Hole BP08-289 yielded a true thickness of 7.30 metres grading 0.312 g/t gold and
406.5 g/t silver for a silver-equivalent of 425.3 g/t.
Also, hole BP08-273 yielded a true thickness of 10.35 metres grading 0.386 g/t
gold and 208.8 g/t silver for a silver-equivalent of 231.0 g/t.
Gary Cope, President of Orko, adds: "We are very encouraged with this set of
drill results, particularly with the increasing grades and widths of the Martha
Vein as evidenced in holes 273 and 289. We remain very optimistic about the
future of La Preciosa and anticipate releasing our next 43-101 compliant
Resource Estimate next month."
Key Martha Vein intercepts added for this release:
------------------------------------------------------------------
From To Core True Au Ag Ag-Eq
Vein (metres) (metres) Length Width (g/t) (g/t) (g/t)
------------------------------------------------------------------
------------------------------------------------------------------
BP08-201 131.79 134.53 2.74 2.70 0.168 104.0 114.1
------------------------------------------------------------------
BP08-267 163.07 165.32 2.25 2.24 0.198 90.1 102.0
------------------------------------------------------------------
BP08-269 136.65 139.67 3.02 3.01 0.181 139.9 150.8
------------------------------------------------------------------
BP08-272 108.43 111.31 2.88 2.78 0.181 106.5 117.4
------------------------------------------------------------------
BP08-273 133.27 144.48 11.01 10.35 0.386 208.8 231.0
------------------------------------------------------------------
BP08-278 83.63 89.06 5.43 5.10 1.004 251.3 311.5
------------------------------------------------------------------
BP08-281 75.94 79.02 3.08 2.98 0.515 262.4 293.3
------------------------------------------------------------------
BP08-283 160.10 165.65 5.55 5.03 0.344 199.1 219.7
------------------------------------------------------------------
BP08-284 119.94 122.68 2.74 2.47 0.306 213.6 232.0
------------------------------------------------------------------
BP08-286 143.58 148.59 5.01 4.71 0.151 127.4 136.5
------------------------------------------------------------------
BP08-289 123.17 131.60 8.43 7.30 0.312 406.5 425.3
------------------------------------------------------------------
BP08-292 96.94 99.95 3.01 2.61 0.145 137.0 145.7
------------------------------------------------------------------
Several holes were either drilled along the periphery of the main mineralized
trend in Martha or do not make either the thickness, or the cut-off grade,
requirements for the Martha vein. These include BP08-203, BP08-204, BP08-205,
BP08-207, BP08-232, BP08-233, BP08-240, BP08-245, BP08-247, BP08-295, and
BP08-298.
A complete table of drill results is available on our website at the link below:
http://www.orkosilver.com/i/pdf/drillresults.pdf
A detailed drill plan map is available on our website 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/orkonews10302008.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% for the silver-equivalent value. Base metal values are
not included in the silver-equivalent.
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, 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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