November 26, 2008 Orko Silver Delays Resource Estimate until January 2009
VANCOUVER, British Columbia - Orko Silver Corp. (TSX.V - OK) wishes to report that the Company will be delaying the issuance of its 6th NI 43-101 Resource Estimate, which was originally scheduled for November 2008. The Company has been advised by Mine Development Associates of Reno Nevada, (MDA), that additional metallurgical testing of the Martha Vein is necessary for completion of its resource related studies.
Orko Silver will proceed to carry out this study over the next several weeks, under the supervision of Gary Hawthorn of Westcoast Mineral Testing Inc. The met-testing will be carried out by PRA Labs., of Richmond B.C. With this added data, MDA has suggested they will be able to publish their La Preciosa Resource Estimate during the month of January 2009.
Gary Cope, President of Orko, adds: "We respect our association with MDA, and feel it is necessary to complete this additional phase of metallurgical work toward a more comprehensive and definitive Resource Estimate, which will be to the benefit of our shareholders."
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
For further information, contact Orko Silver Corp. at (604) 684-4691 or
Via email at 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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