| ||February 09, 2011|
Orko has Retained the Services of AMEC for a Review of La Preciosa
| ||VANCOUVER, British Columbia - Orko Silver Corp. (TSX.V: - OK) has retained the services of the engineering consultancy firm AMEC Americas Limited to provide a technical review of Orko's La Preciosa Silver-Gold Deposit in Durango, Mexico. |
Orko has a joint-venture with Pan American Silver Corp. (TSX: -- PAA) for the design and mine development of La Preciosa, a major epithermal, silver-rich deposit, located 45 kilometres northeast of the city of Durango. Pan American has been conducting diamond drilling, engineering and community relations work since June 2009 and can earn a 55% interest in the JV by bringing La Preciosa into production. Orko retains a 45% interest carried to production.
AMEC will be working in conjunction with the consulting firm Snowden, which has been retained by Pan American for evaluating the resource estimates and mine designs.
Gary Cope, President of Orko, states; "AMEC has worldwide experience in project evaluations of this type and we value their advice."
A Preliminary Assessment (PA) for La Preciosa has been scheduled for the second quarter of 2011. This will give Pan American and its technical consultants sufficient time to examine various alternate mining methods and extraction scenarios. The three main approaches are to examine the mining as i) an underground operation, ii) a combined underground / open-pit operation, or iii) a large open-pit operation.
Adjacent to La Preciosa is the low-sulphidation silver-gold "Carina Project" of Canasil Resources Inc. (TSX.V: CLZ). Canasil announced on November 19, 2010, that Pan American has optioned the Carina Project. As the 12,147 hectares of mineral concessions on the Carina Project are contiguous with La Preciosa, within the area-of-interest, Pan American has assigned Carina to the La Preciosa Joint Venture.
Terms of the Carina joint venture can be found on the following website:
About Orko Silver Corp.
Orko Silver Corp. is developing one of the world's largest primary silver deposits, La Preciosa, located near the city of Durango, in the State of Durango, Mexico.
ON BEHALF OF THE BOARD OF DIRECTORS
For further information, contact Orko Silver Corp. at (604) 687-6310 or
via 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.
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