Orko Silver Continues to Receive Encouraging Drilling Results
November 12 2009 - 8:01AM
Marketwired Canada
Orko Silver Corp. (TSX VENTURE:OK) is pleased to announce that it continues to
receive favorable results from the ongoing drilling program being completed by
our joint venture partner, Pan American Silver Corp. (PAA) on the La Preciosa
Project in Durango, Mexico.
Diamond drill hole BP09-375 yielded 15.65 metres grading Au 0.579 g/t and Ag
439.4 g/t for a silver-equivalent of 474.1 g/t. Included in this hole is an
interval of 5.85 metres grading Au 1.146 g/t and Ag 942.0 g/t for a
silver-equivalent of 1,010.7 g/t. Also of note is hole BP09-392 with 16.89
metres grading Au 0.441 g/t and Ag 225.3 g/t for a silver-equivalent of 251.8
g/t.
Gary Cope, President of Orko Silver, states; "We are extremely pleased to see
that Pan American's delineation drilling results confirm those initially
reported by Orko Silver. The presence of wide high grade intervals is also very
encouraging for the project."
The Pan American Phase-I delineation (infill) drilling at La Preciosa consisted
of 19 HQ diamond drill holes for a total of 6,316.83 meters and was reported in
a news release dated September 08, 2009.
The Phase-II drilling program has commenced and includes further delineation
drilling, plus drilling on the previously identified exploration targets located
immediately surrounding the La Preciosa deposit. To date, PAA has drilled 40
Phase-II holes, an additional 17 delineation holes and 23 holes on the
exploration targets for a total of 9,924.44 meters. Assays for 25 of the
Phase-II holes are now available. Delineation drilling is in the Central Area of
the La Preciosa Resource. Exploration drilling around the periphery of the
Resource includes nine holes from the South Area on the Martha Vein.
Multiple mineralized intercepts are presented in the two tables for the Central
Area and South Area testing of the Martha Vein.
The delineation results from the new holes are all located in the known Martha
vein structure and were drilled at approximately 50 metre spacing in an area
previously drilled by Orko Silver at 100 metre spacing. This data again confirms
Orko Silver's previously reported results, and will form the basis of a
geostatistical study, toward ultimate resource definition. Phase-II diamond
drilling is still underway.
The results of the exploration drilling to date from Baritina and El Vaquero,
which are targets outside of the Martha vein resource, have been inconclusive.
Further drilling has been done in both areas; results of which are pending.
Based on the visual information encountered in the drill core and geological
interpretation on cross sections, additional drilling is contemplated in these
areas during November and December.
Central Area - La Preciosa Resource
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From To Core True Au Ag Ag-Eq
Hole/Vein (m) (m) Length Width (g/t) (g/t) (g/t)
--------------------------------------------------------------------------
--------------------------------------------------------------------------
BP09-375
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Martha (Sup)(i) 241.00 256.65 15.65 15.65 0.579 439.4 474.1
--------------------------------------------------------------------------
Includes 244.85 250.70 5.85 5.85 1.146 942.0 1,010.7
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Martha 269.50 272.15 2.65 2.65 0.274 153.5 169.9
--------------------------------------------------------------------------
Martha (Inf)(i) 289.90 304.50 14.60 14.38 0.266 97.0 113.0
--------------------------------------------------------------------------
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BP09-376
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Martha 218.55 245.00 26.45 26.05 0.464 142.4 170.3
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Includes 222.95 229.00 6.05 5.96 1.491 328.2 417.6
--------------------------------------------------------------------------
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BP09-378
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Martha 293.65 303.00 9.35 9.35 0.557 185.0 218.5
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Includes 294.75 297.75 3.00 3.00 0.753 283.5 327.6
--------------------------------------------------------------------------
--------------------------------------------------------------------------
BP09-380
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Martha 289.95 309.20 19.25 19.25 0.319 175.1 194.3
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Includes 295.95 297.00 1.05 1.05 1.730 1,640.0 1,743.8
--------------------------------------------------------------------------
--------------------------------------------------------------------------
BP09-381
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Martha 296.70 303.55 6.85 6.75 0.417 120.1 145.1
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Includes 296.70 300.10 3.40 3.35 0.684 179.1 220.1
--------------------------------------------------------------------------
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BP09-383
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Martha 274.05 284.10 10.05 9.90 0.198 94.9 106.8
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Includes 274.95 275.75 0.80 0.79 0.569 326.0 360.1
--------------------------------------------------------------------------
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BP09-386
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Martha 274.30 288.40 14.10 12.88 0.223 77.7 91.1
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Includes 285.95 288.40 2.45 2.24 1.002 163.3 223.5
--------------------------------------------------------------------------
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BP08-388
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Martha 227.25 243.20 15.95 15.00 0.504 137.1 167.4
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Includes 227.25 233.50 6.25 5.87 1.050 253.6 316.6
--------------------------------------------------------------------------
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BP09-390
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Martha 293.35 300.20 6.85 6.85 0.735 224.1 268.2
--------------------------------------------------------------------------
Includes 295.30 299.30 4.00 4.00 1.122 320.0 387.3
--------------------------------------------------------------------------
Martha (Inf)(i) 358.55 364.40 5.85 5.76 0.377 199.5 222.1
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Includes 362.05 362.90 0.85 0.84 0.951 1,030.0 1,087.1
--------------------------------------------------------------------------
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BP09-392
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Martha (Sup)(i) 239.30 256.45 17.15 16.89 0.441 225.3 251.8
--------------------------------------------------------------------------
Includes 254.80 255.70 0.90 0.89 1.470 1,740.0 1,828.2
--------------------------------------------------------------------------
Martha 268.80 276.00 7.20 7.09 0.376 342.9 365.5
--------------------------------------------------------------------------
Includes 270.00 271.00 1.00 0.98 0.958 1,770.0 1,827.5
--------------------------------------------------------------------------
Martha (Inf)(i) 322.85 327.40 4.55 4.48 0.275 151.6 168.1
--------------------------------------------------------------------------
Includes 322.85 323.40 0.55 0.54 0.444 372.0 398.6
--------------------------------------------------------------------------
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BP09-396
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Martha 273.20 294.85 21.65 21.32 0.216 37.0 49.9
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Includes 275.70 276.60 0.90 0.89 0.560 100.0 133.6
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(i)- In certain holes the Martha vein can be composed of several
sub-parallel, silver rich veins: Martha (Sup) - refers to that
portion of the Martha vein above the main Martha vein (Superior), and
Martha (Inf) - refers to that portion of the Martha vein below the
main Martha vein (Inferior)
South Area - La Preciosa Resource
--------------------------------------------------------------------------
From To Core True Au Ag Ag-Eq
Hole/Vein (m) (m) Length Width (g/t) (g/t) (g/t)
--------------------------------------------------------------------------
--------------------------------------------------------------------------
BP09-382
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Martha 142.70 150.15 7.45 7.45 0.199 22.3 34.3
--------------------------------------------------------------------------
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BP09-384
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Martha 119.55 123.00 3.45 3.45 0.429 185.0 210.7
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Includes 120.80 122.00 1.20 1.20 0.680 270.0 310.8
--------------------------------------------------------------------------
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BP09-385
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Martha (Sup)(i) 174.40 178.00 3.60 3.38 0.018 110.6 111.7
--------------------------------------------------------------------------
Includes 174.40 175.85 1.45 1.36 0.003 135.0 135.2
--------------------------------------------------------------------------
Martha 187.35 193.40 6.05 5.96 0.111 198.2 204.9
--------------------------------------------------------------------------
Includes 191.90 193.40 1.50 1.48 0.137 531.0 539.2
--------------------------------------------------------------------------
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BP09-387
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Martha 233.70 237.35 3.65 3.59 0.090 34.2 39.5
--------------------------------------------------------------------------
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BP09-389
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Martha 283.45 285.40 1.95 1.92 0.070 174.0 178.2
--------------------------------------------------------------------------
Includes 284.40 285.40 1.00 0.98 0.061 297.0 300.7
--------------------------------------------------------------------------
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BP09-391
--------------------------------------------------------------------------
Martha 245.30 247.75 2.45 2.41 0.282 49.6 66.5
--------------------------------------------------------------------------
Includes 245.30 246.05 0.75 0.74 0.608 110.0 146.5
--------------------------------------------------------------------------
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BP09-393
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Martha 89.30 95.26 5.96 5.94 0.513 242.5 273.3
--------------------------------------------------------------------------
Includes 90.50 94.18 3.68 3.67 0.697 272.6 314.4
--------------------------------------------------------------------------
--------------------------------------------------------------------------
BP09-394
--------------------------------------------------------------------------
Martha 122.00 126.00 4.00 3.98 0.143 57.5 66.1
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Includes 122.00 123.00 1.00 1.00 0.242 133.0 147.5
--------------------------------------------------------------------------
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BP09-401
--------------------------------------------------------------------------
Martha 152.45 154.65 2.20 2.20 0.381 386.2 409.1
--------------------------------------------------------------------------
Includes 153.20 154.65 1.45 1.45 0.493 562.0 591.6
--------------------------------------------------------------------------
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(i)- In certain holes the Martha vein can be composed of several
sub-parallel, silver rich veins: Martha (Sup) - refers to that
portion of the Martha vein above the main Martha vein (Superior), and
Martha (Inf) - refers to that portion of the Martha vein below the
main Martha vein (Inferior)
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/drillplanmaps.pdf
A printer friendly PDF format of this news release is available at the link below:
http://www.orkosilver.com/i/pdf/orkonews11122009.pdf
Ben Whiting, P.Geo., and George Cavey, P.Geo are the Qualified Persons for Orko
Silver Corp. and take responsibility for the technical disclosure in this news
release.
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 developing one of the world's largest primary silver
deposits, La Preciosa, located near the city of Durango, in the State of
Durango, Mexico.
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.
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