| ||November 11, 2005|
Orko Gold Corp. Releases further Drill Results From La Preciosa
| ||Vancouver, B.C., November 11, 2005. Orko Gold Corp., ("Orko" or the "Company"), (OK: TSX-V), is pleased to announce assay results from holes BP05-14 to BP05-18 of its twenty-four hole Phase 2 drill program at its La Preciosa property in Durango State, Mexico. |
Holes BP05-14 to BP05-17 were drilled in "La Preciosa Norte", which is further north and in a different structural domain on the property than the main "La Preciosa Mina" (where holes one to thirteen were drilled). Highlights from BP05-14 returned assays grading 198.2 grams per tonne (g/t) Ag-Eq (a combined 0.55 g/t Au and 165.0 g/t Ag) over a true width of 3.76 metres (m) including a true width of 0.64 m grading 449.1 g/t Ag-Eq (a combined 1.00 g/t Au and 389.1 g/t Ag). Also a veinlet intersected just above the Abundancia vein assayed 1,000.00 g/t (1 kg/t) and 1.4 g/t Au over 0.2m. Holes BP05-14 to 17 did not intersect La Gloria vein due to faulting offset.
Hole BP05-18 was drilled to the south of La Preciosa Mina (100m south of hole BP05-01) and intersected eight veins, including five new (and currently unnamed) veins. Highlights from this hole returned assays of 451.1 Ag-Eq (a combined 0.16 g/t Au and 441.8 g/t Ag) over a true width of 1.06 m, including a 569.7 g/t Ag-Eq (a combined 0.16 g/t Au and 560.0 g/t Ag) over a true width of 0.70 m. (Silver equivalent values were derived using a 60 to 1 silver to gold ratio. Calculations do not take recovery rates into account).
Gary Cope, President of Orko stated: "This is the first time the northern area has been tested and we are encouraged by having located the mineralized structures north of the fault. Due to this faulting, deeper capacity is required to intersect the projection of the Abundancia vein at depth. The second drill obtained for the Phase 3 program (announced November 9, 2005) will enable us to do this, while the first drill continues to test targets further to the south. We continue to feel very strongly that a significant ore body exists on the La Preciosa property. We expect to provide an initial inferred resource once assay results are in from remaining six holes of the Phase program. Phase 3 is designed to add to an inferred resource as well as testing additional targets."
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 complete assay results, please click here.
Orko is a dynamic junior mineral exploration company comprised of highly qualified mining professionals focused on prospective silver and gold properties in Mexico. Orko's principal property, La Preciosa, located near the city of Durango, is a potential world-class silver and gold project under option from Luismin S.A. de C.V., a subsidiary of Goldcorp Inc. Santa Monica, Orko's second project, is located immediately adjacent to the La Preciosa property and has the potential to host a vein system similar to Hecla's nearby San Sebastian mine.
ON BEHALF OF THE BOARD OF DIRECTORS
Gary Cope, President
For further information, please contact Orko Gold Corp. at (604) 684-4691 or via email at
[email protected] or visit our website on line at www.orkogold.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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