Orko Silver Corp. - News Releases - Orko Gold Granted Option on the La Preciosa Project By Wheaton River

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	December 01, 2003 Orko Gold Granted Option on the La Preciosa Project By Wheaton River
	News release via Canada NewsWire, Vancouver 604 604-669 669-7764 Attention Business Editors: Orko Gold Granted Option on the La Preciosa Project By Wheaton River TSX TSX-VEN: OK VANCOUVER, Dec. 1 /CNW/ - Orko Gold Corp. (the "Company") is pleased to announce that it has entered into an option agreement (the "Option") with Minas Sanluis S.A. de C.V. ("Minas Sanluis"), a subsidiary of Wheaton River Minerals Ltd. ("Wheaton River") through Luismin, S.A. de C.V. ("Luismin"), and with Minera Thesalia, S.A. de C.V., another subsidiary of Wheaton River, to acquire an interest in the La Preciosa gold/silver project ("La Preciosa"), located in the state of Durango, Mexico. Project Acquisition Under the terms of the Option, the Company can earn a 51% interest in the project by incurring US$ 1,000,000 in exploration and development expenditures over the next 5 years and issuing 100,000 shares of the Company. The Company can earn another 24% by expending an additional US$ 500,000 by the end of the sixth year. Upon the Company earning a 75% interest, Minas Sanluis will then have a 90 days option period to buy back to a 60% controlling interest by paying the Company US$ 1,500,000. The Company will issue 50,000 shares of its stock to Minas Sanluis within 5 business days after the day upon which the agreement has been accepted for filing by the TSX Venture Exchange, and an additional 50,000 shares on or before the day which is 12 months after such acceptance date. Once all of the above options have expired, the Company and Minas Sanluis will form a jointly held Mexican corporation to carry on joint operations on the La Preciosa. The La Preciosa Project The La Preciosa Project was acquired by Wheaton River as one of the intermediate exploration projects included in the Luismin S.A. de C.V. acquisition completed on June 19, 2002. The La Preciosa Property hosts Tertiary aged gold and silver bearing epithermal quartz vein systems, associated with barite and minor quantities of base metals. Host rocks are from oldest to youngest: andesitic agglomerate, basalt and agglomerated basalt. At La Preciosa, the vein trend is principally north north-south, although there are subordinate, mineralized vein systems that run in an east east-west direction. These east east-west veins typically yield higher gold values. The veining typically averages 2.5 meters in width. Upwards of 2.5 kilometres of underground development has been carried out at the site. There is a winze that creates access to workings 70 metres beneath the 2065 Level. There are also many stopes that break through the surface above the 2065 Level. To the east of the old workings, there is a north north-northwest trending zone of siliceous breccia bodies associated with northwest trending epithermal veining. Here, sampling has revealed anomalies in gold, silver, lead and zinc. The La Preciosa claims cover over 1,300 hectares and are located about one hour and a half by road from the city of Durango, Durango State, Mexico. Approximately US$ 2,000,000 has been spent by Luismin on this project. Gary Cope, President of the Company, states: "We are very excited about this initial joint venture with Wheaton River. We believe La Preciosa has the potential to host numerous gold/silver deposits of economic grades in both vein and breccia systems." The Company is currently evaluating the existing data and will announce its 2003/2004 work program shortly. On Behalf of the Board of ORKO GOLD CORPORATION "Gary Cope" Gary Cope, President and Director THE TSX VENTURE EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED OF THE CONTENTS HEREIN. %SEDAR: 00007626E /For further information: please call 604 604-684 684-4691/ (OK.)

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