Orko Silver Drills 3.99 Metres of 1 Kilogram Per Ton Silver Equivalent
December 02 2008 - 7:00AM
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
BP08-280. This hole is located on the eastern side of the mineralized trend.
Hole BP08-280 yielded a true thickness of 6.74 metres grading 1.111 g/t gold and
561.6 g/t silver for a silver-equivalent of 628.2 g/t. Within this intercept is
3.99 metres grading 1.822 g/t gold and 927.4 g/t silver for a silver-equivalent
of 1,036.7 g/t.
Also of interest is hole BP08-278 which yielded 5.10 metres grading 1.004 g/t
gold and 251.3 g/t silver for a silver-equivalent of 311.5 g/t and hole
BP08-325A (a re-drill of hole BP08-325, which was abandoned during drilling)
yielded 6.47 metres grading 0.860 g/t gold and 421.5 g/t silver for a
silver-equivalent of 473.1 g/t.
Gary Cope, President of Orko, adds: "We are particularly pleased with the
results of Hole 280. It represents another in a long list of holes at La
Preciosa that have yielded a significant intercept over 1 kilogram per ton
Silver Equivalent. Holes 278, 280 and 325A were noteworthy not only for their
impressive grades and widths but also because the high grade mineralization was
encountered at a relatively shallow depth. Although we encountered a low grade
section of the Martha Vein in some of the holes reported, which is typical in
Mexican Epithermal Vein Systems, the vein is structurally strong and we
anticipate encountering better grade mineralization with progression to the
southeast."
Key Martha Vein intercepts added for this release:
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From To Core True Au Ag Ag-Eq
Vein (metres) (metres) Length Width (g/t) (g/t) (g/t)
--------------------------------------------------------------------------
BP05-238 325.33 327.36 2.03 2.00 0.250 138.6 153.7
--------------------------------------------------------------------------
BP08-239 338.27 347.94 9.67 9.63 0.443 125.4 152.0
--------------------------------------------------------------------------
BP08-251 307.10 309.33 2.23 2.19 0.095 100.0 105.7
--------------------------------------------------------------------------
BP08-252 341.63 345.88 4.25 4.19 0.104 147.0 153.3
--------------------------------------------------------------------------
BP08-262 188.55 190.61 2.06 2.03 0.034 166.0 168.1
--------------------------------------------------------------------------
BP08-264 254.19 260.95 6.76 6.35 0.285 147.6 164.7
--------------------------------------------------------------------------
BP08-267 163.07 165.32 2.25 2.24 0.198 90.1 102.0
--------------------------------------------------------------------------
BP08-268 161.90 164.22 2.32 2.24 0.183 97.8 108.8
--------------------------------------------------------------------------
BP08-277 109.60 112.95 3.35 3.30 0.218 247.1 260.2
--------------------------------------------------------------------------
BP07-278 83.63 89.06 5.43 5.10 1.004 251.3 311.5
--------------------------------------------------------------------------
BP08-280 46.77 53.61 6.84 6.74 1.111 561.6 628.2
--------------------------------------------------------------------------
BP08-287 93.41 98.16 4.75 4.46 0.198 226.5 238.4
--------------------------------------------------------------------------
BP08-288 57.17 62.54 5.37 4.87 0.183 208.3 219.3
--------------------------------------------------------------------------
BP08-299 214.00 228.26 14.26 13.40 0.151 159.3 168.4
--------------------------------------------------------------------------
BP08-300 170.20 179.01 8.81 8.68 0.321 137.1 156.4
--------------------------------------------------------------------------
BP08-312 75.23 83.04 7.81 7.69 0.441 148.2 174.7
--------------------------------------------------------------------------
BP08-324 182.27 189.76 7.49 6.49 0.098 103.5 109.4
--------------------------------------------------------------------------
BP08-325 114.47 120.81 6.34 6.24 0.301 359.5 377.6
--------------------------------------------------------------------------
BP08-325A 117.42 123.89 6.47 6.37 0.860 421.5 473.1
--------------------------------------------------------------------------
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: BP08-196, BP08-234, BP08-237,
BP08-241, BP08-246, BP08-248, BP08-249, BP08-250, BP08-255, BP08-256, BP08-257,
BP08-258, BP08-259, BP08-260, BP08-261, BP08-263, BP08-265, BP08-266, BP08-271,
BP08-274, BP08-275, BP08-276, BP08-285, BP08-290, BP08-291, BP08-293, BP08-294,
BP08-295, BP08-296, BP08-297, BP08-298, BP08-301, BP08-302, BP08-303, BP08-304,
BP08-305, BP08-306 and BP08-311. Hole BP08-282 did not reach the target depth.
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/orkonews12022008.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 on 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.
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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