| ||August 29, 2005|
Orko Gold Hits Highest Grade Silver/Gold Intersection In Drilling To Date At La Preciosa
| ||Vancouver, BC, Orko Gold Corp., ("Orko" or the "Company"), (TSXV-OK), is pleased to announce that it has received assay results from holes 12 and 13 of our 10,000m diamond drill program (7,000 m drilled to date) on its La Preciosa property in Durango, Mexico currently under option from Goldcorp Inc. |
The Company reports that assay results from drill hole BP05-12 included a 1.706 kilogram per tonne (kg/t) (60.05 ounces per tonne) silver equivalent ("Ag-Eq") assay (a combined 1.219 g/t Au and 1,633 g/t Ag) over a true width of 0.56 metres at the La Gloria vein. This was included in a 3.28 metre intersection grading 341.9 grams per tonne (g/t) Ag-Eq (a combined 0.251 g/t Au and 326.8 g/t Ag). The Abundancia vein was also intercepted and returned an Ag-Eq assay of 452.5 g/t (a combined 0.611 g/t Au and 415.8 g/t Ag) over a true width of 1.57 metres as part of a 4.57 metre intersection grading 305.7 g/t Ag-Eq (a combined 0.434 g/t Au and 279.7 g/t Ag). Also of note was Ag-Eq assay of 352.4 g/t (a combined 0.10 g/t Au and 346.4 g/t Ag) over a true width of 0.58 metres in the Esperancita vein. (Silver equivalent values were derived using a 60 to 1 silver to gold ratio. Calculations do not take recovery rates into account).
Hole BP05-13 hit low grade silver mineralization in the Abundancia vein while the Esperancita vein returned a 0.91 metre true width intersection grading 519.5 g/t AgEq (a combined 0.658 g/t Au and 480.0 g/t Ag).
Gary Cope, President of Orko Gold, says: "The high grade nature of the La Preciosa project, the increasing vein widths, and the fact that the system has been traced for over 5.0 km encourages all of us here at Orko. We are currently drilling our 18th hole as part of our expanded drill program with further assay results expected soon. At the end of the expanded program, we aim to have a tonnage model outlined from all data collected during the drill program. As the entire system is open to the north, the south and to depth, we are eager to continue drilling the system. Orko is currently seeking a second drill rig which, if available, will increase exploration drilling at La Preciosa."
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:
La Preciosa Drill results
ON BEHALF OF THE BOARD OF DIRECTORS
For further information, please contact The Kottmeier Resolution Group, 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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