Jul 02, 2008
Orko Silver Welcomes New Board Member
Jun 24, 2008
Orko Silver Encounters Multiple High-grade Intercepts from Martha Vein
Jun 12, 2008
Orko Silver Closes $12.0 Million Bought Deal Private Placement
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April 01, 2008
Orko Silver Corp. (TSX Venture Exchange: OK.V) focuses on resource exploration and development for Silver and Gold in Mexico. The Company has a large land position in Durango State, a historically prolific silver mining region located along the Sierra Madre Occidental Mountains and is involved in three main projects, La Preciosa, Santa Monica and San Juan. The company owns a 100% interest in La Preciosa Project and is earning a 75% interest in the adjacent Santa Monica Project from Goldcorp, Inc. (NYSE: GG) by expending $US 1.5 Million on exploration. As well, the Company has an option agreement to earn a 75% interest in the adjacent San Juan property from Silver Standard Resources Inc. (NASDAQ: SSRI) by expending $750,000 on exploration.
The Company has focused most of its attention at its La Preciosa project. On March 31st, 2008, the Company released its 5th NI 43-101 compliant Inferred Resource Estimate of 15.35 million tonnes grading 0.321 g/t Au and 190.0 g/t Ag for a Silver-Equivalent grade of 209.2 g/t. at a cut off grade of 100 g/t. The contained metal equals 93.7 million ounces of Silver and 158,000 ounces of Gold for a Silver Equivalent of 103.2 Million Ounces*. The deposit, consisting of multiple veins, remains open along strike and at depth.
*Estimated at a 60 to 1 Silver/Gold ratio with metallurgical recoveries and net smelter returns assumed to be 100%.
Encouraged by its success at La Preciosa, the Company is drilling 24 hours a day, 7 days a week utilizing 4 diamond drill rigs.
The Company's 5th Resource Estimate was based only on the results of 149 of over 220 holes drilled to date. The Company will be releasing a continuous flow of news from assay results of holes drilled to date as well from the ongoing drill program including the follow-up of the discovery of the Martha Vein which made a significant contribution to the current Resource Estimate.
A new Resource Estimate is anticipated during the 3rd quarter of 2008.
Orko Silver Corp. is also exploring on its Santa Monica and San Juan projects. Both projects are located adjacent to La Preciosa and have compelling geological characteristics. Excellent potential exists to host a similar epithermal vein systems such as found at La Preciosa.
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