Orko Silver Corp. - News Releases - Orko Silver Hits Highest Grade Gold Intersection at La Preciosa

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January 18, 2007
Orko Silver Hits Highest Grade Gold Intersection at La Preciosa

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VANCOUVER, British Columbia - Orko Silver Corp. (TSX.V - OK) is pleased to announce that it has received further assay results from the Phase-IV diamond drilling in the "Zona Sur", "El Orito", "Mina La Preciosa" and "Cerro El Venado" sectors on La Preciosa Project in Durango, Mexico.

La Preciosa is well known as a silver project, but gold makes a significant contribution. The first hole drilled in the "El Orito" sector, located 3.4 kilometres south of the portal at La Preciosa and along the same structural trend, yielded a 0.6 m sample containing 67.4 g/t gold and 42.7 g/t silver. This equates to a gold-equivalent of 68.1 g/t (2.0 oz/ton), or a silver-equivalent of 4,086.7 g/t (119.2 oz/ton), and represents the highest gold value ever obtained at La Preciosa. The previous highest gold value was 23.0 g/t.

In addition, testing of the Luz Elena vein in the "Mina La Preciosa" sector is underway, with hole BP06-60 adding another intercept meeting required width and grade criteria (1.5 metres true width at 150 g/t silver-equivalent). A down-dropped block of the Abundancia Vein on the western side of "Zona Sur" has been located and in the "Cerro El Venado" sector, silver-bearing veins have been hit starting 200 metres south of the "Zona Sur", including the first intercept on the Ramal Sur vein.

Gary Cope, President of Orko adds: "I am very excited about the bonanza grade gold intercept at El Orito. I am also encouraged by the continuing high grade silver intercepts on other areas of the property on both known and newly discovered veins. We anticipate reporting a New Resource Estimate during the first quarter of 2007. As of December 15th, the drills were setup for holes BP06-90 and BP06-91. Total drilling to date on La Preciosa stands at 42,294 metres (a little over 42 kilometres). Drilling has taken place in six sectors (Mina La Preciosa, La Preciosa Norte, Zona Sur, Zona Oriente, Cerro El Venado and Mina El Orito). After a short break for Christmas holidays and maintenance downtime, I am pleased to announce both rigs have resumed drilling at La Preciosa."

EL ORITO SECTOR

The "El Orito" sector on the southern part of La Preciosa is host to the El Orito vein, which is along the same structural trend as La Preciosa, but exhibits mineralogical differences in veining styles. The first hole to test the El Orito vein hit three auriferous zones. True thicknesses are approximate at this stage of examination for El Orito.

BO-06-01
Vein	From	To	Width (m)	True Width (m)	Au(g/t)	Ag(g/t)	Ag-Eq(g/t)
Unnamed	57.99	58.59	0.60	0.56	0.993	8.2	64.2

El Orito	73.57	76.06	2.49	2.34	16.290	14.6	992.3
Includes	75.08	76.06	0.98	0.92	41.284	28.0	2,505.1
Includes	75.46	76.06	0.60	0.56	67.400	42.7	4,086.7

Unnamed	153.77	155.90	2.13	2.00	0.321	4.1	23.3
Includes	187.30	187.88	0.58	0.55	0.647	3.9	42.7

MINA LA PRECIOSA SECTOR

A program designed to test the Luz Elena vein in the "Mina La Preciosa" sector confirms that it is a significant silver-gold vein located beneath the Abundancia vein. Hole BP06-60 passes through the Abundancia vein and into the Luz Elena vein, plus a thinner mineralized vein footwall to Luz Elena. This hole is located high on La Preciosa Ridge, on section mine-grid 15,200 N, east of previously reported holes BP05-03, 04 and 07.

BP06-60
Vein	From	To	Width (m)	True Width (m)	Au(g/t)	Ag(g/t)	Ag-Eq(g/t)
Abundancia	16.81	19.55	2.74	2.70	0.356	148.7	170.1
Includes	17.41	19.55	2.14	2.10	0.425	163.4	188.8
Includes	18.35	19.55	1.20	1.18	0.670	224.5	264.7

Luz Elena	221.95	224.80	2.85	2.68	0.188	168.2	179.5
Includes	223.05	224.80	1.75	1.64	0.213	222.8	235.6
Includes	223.05	223.58	0.53	0.50	0.268	367.5	383.5

Unnamed	229.15	230.15	1.00	0.94	0.543	144.6	177.1
Includes	229.15	229.85	0.70	0.66	0.750	195.6	240.6
Includes	229.15	229.65	0.50	0.47	1.010	238.0	298.6

ZONA SUR - DEEPS

On the western side of "Zona Sur" sector, in a down-dropped block, are holes BP06-44 and BP06-48. Mineralization was intercepted at a deeper level than expected. The criteria for inclusion in an ore-shoot, greater than or equal to 1.5 metres at 150 g/t Ag-Eq was met in hole BP06-44.

Hole BP06-44 is located in the "Zona Sur - Deeps" west of BP05-30 and BP06-33 on mine grid section 14,400 N.

BP06-44
Vein	From	To	Width (m)	True Width (m)	Au(g/t)	Ag(g/t)	Ag-Eq(g/t)
Ab-Deeps	425.20	430.31	5.11	4.80	0.266	96.1	112.1
Includes	426.64	429.56	2.92	2.74	0.362	143.9	165.7
Includes	427.29	429.56	2.27	2.13	0.252	167.3	182.5

Hole BP06-48 is located in the "Zona Sur - Deeps", 100 metres south of hole BP06-44, and west of hole BP06-35, on mine section 14,300 N.

BP06-48
Vein	From	To	Width (m)	True Width (m)	Au(g/t)	Ag(g/t)	Ag-Eq(g/t)
Ab-Deeps	450.67	451.71	1.04	1.02	0.387	199.0	222.2
Includes	450.67	451.47	0.80	0.79	0.468	246.0	274.1

THE GAP

Between the "Zona Sur" sector and the "Cerro El Venado" sector there is a depression on the ridge. Holes drilled in this area do not yield strong veins, nor significant mineralization. This area is being called "The Gap". Holes in "The Gap" include BP06-39, 40, 41, 43, 51, and 53.

CERRO EL VENADO SECTOR

Hole BP06-42 was the first hole drilled south of "The Gap" in an area called the "Cerro El Venado" sector. Hole BP06-42 is located 200 metres south of previously reported BP06-37. It includes an intersection meeting the defined ore-shoot requirement. Hole BP06-42 is located on mine section 14,100 N.

BP06-42
Vein	From	To	Width (m)	True Width (m)	Au(g/t)	Ag(g/t)	Ag-Eq(g/t)
Unnamed	2.25	2.75	0.50	0.48	0.019	191.5	192.6

Abundancia 108.43	110.61	2.18	2.15	0.356	135.9	157.3
Includes	108.43	109.62	1.19	1.17	0.605	220.0	256.3

Unnamed	137.88	139.33	1.45	1.26	0.127	73.2	80.8
Includes	137.88	138.33	0.45	0.39	0.275	202.0	218.5

Luz Elena	267.54	268.10	0.56	0.24	0.110	120.0	126.6

Veta Sur	367.81	368.95	1.14	1.03	0.182	142.0	152.9
Includes	368.42	368.70	0.28	0.25	0.580	500.0	534.8

Also in the "Cerro El Venado" sector are holes BP06-50 and BP06-52, containing significantly higher base metal values.

Hole BP06-50 is located 100 metres south of BP06-42, on mine section 14,000 N. While being only anomalous in silver, this intersection also yielded 0.50% Pb and 0.50% Zn for the main interval, and 1.17% Pb and 1.37% Zn for the sub-interval.

BP06-50
Vein	From	To	Width (m)	True Width (m)	Au(g/t)	Ag(g/t)	Ag-Eq(g/t)
Abundancia 111.44	113.16	1.72	1.62	0.028	19.8	21.5
Includes	111.64	112.16	0.52	0.49	0.052	44.0	47.1

Hole BP06-52 is located 100 metres south of BP06-50, on mine section 13,900 N. Most notable in the Luz Elena (second intersection) is the high lead content. This interval yielded 7.67% Pb, with the sub-intervals yielding 20.15% Pb and 37.41% Pb respectively.

BP06-52
Vein	From	To	Width (m)	True Width (m)	Au(g/t)	Ag(g/t)	Ag-Eq(g/t)
Abundancia	94.80	96.41	1.61	1.51	0.086	101.3	106.4
Includes	94.80	95.59	0.79	0.74	0.125	177.3	184.8
Includes	95.21	95.59	0.38	0.36	0.201	296.0	308.1

Luz Elena	235.79	237.57	1.78	1.67	0.038	122.0	124.2
Includes	235.79	236.46	0.67	0.63	0.085	295.8	301.0
Includes	236.10	236.46	0.36	0.34	0.146	543.3	552.1

Hole BP06-55 is located near the boundary between "The Gap" and "Cerro El Venado" sector. It is an easterly oriented hole which intersected an anomalous vein in the upper portions of the hole.

BP06-55
Vein	From	To	Width (m)	True Width (m)	Au(g/t)	Ag(g/t)	Ag-Eq(g/t)
Unnamed	39.04	40.84	1.80	1.69	0.015	53.3	54.2
Includes	40.32	40.84	0.52	0.49	0.030	81.7	83.5

The first intercept in Ramal Sur vein to exceed the defined ore-shoot grade and thickness requirements was hit in hole BP06-58. This is an encouraging development for this newly tested vein. Hole BP06-58 is oriented southeasterly azimuth 145 degrees dip -45 degrees to intersect the Ramal Sur vein.

BP06-58
Vein	From	To	Width (m)	True Width (m)	Au(g/t)	Ag(g/t)	Ag-Eq(g/t)
Ramal Sur	28.36	31.36	3.00	2.95	0.218	114.5	127.6
Includes	28.36	30.16	1.80	1.77	0.339	165.4	185.8
Includes	28.36	29.56	1.20	1.18	0.486	235.8	265.0

A drill plan map providing drill hole locations and sector definitions is available in PDF format at:

http://www.orkosilver.com/i/pdf/drillplanmap.pdf

Ben Whiting, P.Geo., is the Qualified Person and takes responsibility for the technical disclosure in this news release. The samples are prepared in Durango, Mexico, by SGS Laboratories and shipped to the SGS laboratory in Toronto, Canada, for analyses. The Company maintains a diligent QA/QC program using prepared standards. Silver-equivalent for the purposes of this drilling program is defined as silver grade plus 60 times gold grade, with no provisions made for relative recovery rates.

About Orko Silver Corp.

Orko Silver Corp. is an aggressive 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 using 2 rigs working 24 hours a day, 7 days a week. The deposit remains open in all directions and to depth.

ON BEHALF OF THE BOARD OF DIRECTORS

Gary Cope
President

For further information, contact Orko Silver Corp. at (604) 684-4691 or
via email at [email protected] or visit our website on line at www.orkosilver.com

The TSX Venture Exchange has not reviewed and does not accept responsibility for this News Release. 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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