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| June 07, 2006 Drilling at La Preciosa Confirms Mineralization at Depth | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| VANCOUVER, British Columbia - Orko Silver Corp. -- (TSX.V - OK) is pleased to announce that results from three deep drill holes have confirmed that the Abundancia Vein structure continues at depth. These holes were designed to target the vein beneath the previously announced Inferred Resource Area (see news release dated 19 January 2006). The holes, each exceeding 600 metres in length, intersected both the Abundancia and Luz Elena Veins. As described in the Technical Report, silver and gold mineralization occurs in ore-shoots in the vein structures. Hole BP06-34 intersected the Abundancia Vein in ore-shoot A-2 at a vertical depth of 340 metres, yielding 1.61 metres true thickness grading gold 1.653 g/t and silver 61.9 g/t for a silver-equivalent of 161.1 g/t. The down-dip depth on this vein is 640 metres from the surface outcrop. Base metal values are increasing, yielding Pb 1.01 %, Zn 0.95 % and Cu 0.55%. Also, hole BP06-34 contains an intersection of the Luz Elena Vein of 1.81 metres true thickness grading gold 0.219 g/t and silver 138.4 g/t for a silver-equivalent of 151.6 g/t, plus Pb 1.15 %, Zn 0.83 % and Cu 0.19 %. Luz Elena occurs at a vertical depth of 400 metres and a down-dip depth of 720 metres. BP06-34
Hole BP05-31 intersected the Abundancia Vein between ore-shoots A-2 and A-3 and contains mineralized sections, but below ore-grade. BP05-31
Hole BP06-36 intersected the Abundancia Vein between ore-shoots A-1 and A-2 and also contains mineralized intersections but below ore-grade. BP06-36
In addition, testing of earlier drilling results during QA/QC examination has revealed that the results for hole BP05-07 were previously understated (see news release 12 July 2005). The Company is pleased to announce that Hole BP05-07 intersected the Abundancia Vein in ore-shoot A-2 and yielded the following very high-grade results. BP05-07
In examining metal ratios for the Abundancia Vein in ore shoot A-2, a trend of increasing gold to silver ratio with depth has been identified. This is coincident with a general increase in base metal values. Gary Cope, President of Orko, adds, "We are very pleased that these results extend the A-2 ore shoot further to depth by 150 metres. Though successful, these results represent only a limited initial 3-hole program to test mineralization at depth in the area of the Company's Initial Resource Estimate. More drilling is definitely warranted. The Company is currently drilling a 10,000 metre Phase 4 program utilizing 2 drill rigs 24 hours a day, 7 days a week. The Company anticipates completing a New Resource Estimate shortly." Ben Whiting P.Geo., is a 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 analysis. The Company maintains a diligent QA/QC program using prepared standards. About Orko Silver 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. An independently verified NI-43-101 compliant Initial Inferred Mineral Resource Estimate, announced January 19, 2006, concluded that the property contains an Inferred Resource of 2.72 million tonnes grading 0.463 grams of gold per tonne (g/t) and 227.2 grams of silver per tonne (g/t) for a silver-equivalent grade of 255.0 g/t. Contained metal in the Inferred Resource equals 19.9 million ounces of silver and 40,400 ounces of gold for a silver-equivalent of 22.3 million ounces of silver using a 60 to 1 silver/gold ratio with no provisions for relative anticipated recovery rates. Less than 30% of the initial target has been drilled along strike and only to a true depth of 340 metres. 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 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. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
You can view the Next News Releases item: Wed Aug 23, 2006, Orko's Drilling at La Preciosa Continues to Extend Zone of Mineralization You can view the Previous News Releases item: Wed May 3, 2006, Orko Silver's Assays Expand New Zone South of Resource Estimate Area You can return to the main News Releases page, or press the Back button on your browser. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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