| ||July 12, 2005|
Orko Gold Drilling Hits Increased Vein Width And Further High Grade Silver/Gold; New Vein Structure Encountered
| ||Vancouver, BC, Orko Gold Corp., ("Orko" or the "Company"), (TSXV-OK), is pleased to announce that it has received assay results from holes 5 to 9 of a 13 hole, 5000m diamond drill program on its La Preciosa property in Durango, Mexico currently under option from Goldcorp. |
The Company is encouraged by increased vein widths containing both high grade silver and gold mineralization. In particular, drill hole BP05-07 encountered a mineralized vein with a true width of 14.76 metres, including a silver equivalent assay of 523.98 g/t over a true width of 0.88 metres (a combined 5.85g/t Au and 172.8g/t Ag) . Hole BP05-08 encountered a mineralized vein including a silver equivalent assay of 366.8 g/t over a true width of 1.64 metres (a combined 0.596g/t Au and 331.0 g/t Ag). This same hole hit a weakly mineralized zone with a true width of 16.52 metres. Holes 5,6 and 9 returned assay values from a low of 29.8g/t silver equivalent over 5.5 metres to 264.0g/t silver equivalent over 1.0 metres. (Silver equivalent values were derived using a 60 to 1 silver to gold ratio. Calculations do not take recovery rates into account).
Company geologists and management are also pleased by the discovery of a new, previously undetected mineralized vein structure at La Preciosa. This vein, which is at least 2.0 metres thick and is totally hidden from surface, has been named the Incognita Vein. Testing of this vein may be conducted in future phases of drilling.
Gary Cope, President of Orko Gold, says: "I am greatly encouraged by the success in exploratory drilling to date. Not only have we confirmed our previously anticipated model of high grade silver mineralization, but we are also pleased by excellent mineralized vein widths and by a new mineralized vein structure at La Preciosa. Drilling has indicated a strike length that now exceeds 680 metres, which remains open to both the north and south as well as at depth. This increasing mineralized vein package continues to strengthen resolve in our efforts. I look forward to announcing results from remaining drill holes as they become available."
George Cavey P.Geo., company director, is a Qualified Person and takes responsibility for the technical disclosure in this news release. The samples are prepared in Durango by SGS Laboratories and shipped to the SGS laboratory in Toronto for analysis. The Company maintains a diligent QC/QA program using prepared standards. For a list of full assay results, please visit
View Drill Results
ON BEHALF OF THE BOARD OF DIRECTORS
For further information, please contact investor relations at (604) 689-7422 or the Company at (604) 684-4691 or via email at [email protected]
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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