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| April 29, 2010 Multiple High Grade Silver intersections at La Preciosa. Including: 51.15 metres grading 270.8 g/t Silver Equivalent and 6 metres grading 1,219.7 g/t Silver-Equivalent. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| VANCOUVER, British Columbia - Orko Silver Corp. (TSX.V - OK) is pleased to announce that it continues to receive favourable results from the ongoing drilling program being completed by our joint venture partner, Pan American Silver Corp. (PAA) on the La Preciosa Project in Durango, Mexico. Diamond drill hole BP09-413, collared in the La Preciosa main resource area, yielded 51.15 metres grading Au 0.468 g/t and Ag 242.7 g/t for a silver-equivalent of 270.8 g/t. Drill hole BP10-472 yielded 6.01 metres true thickness grading Au 1.972 g/t and Ag 1,101.4 g/t for a silver-equivalent of 1,219.7 g/t.
Gary Cope, President of Orko, states; "We are extremely pleased to see that Pan American's ongoing drilling results continue to confirm those initially recorded by Orko and the earlier holes of Pan American. The presence of high grade intervals is also very encouraging for the project." As of the beginning of April, Pan American has completed over 43,000 metres of diamond drilling on La Preciosa in 2009-2010. Combined with Orko's 2005-2008 drilling of 154,000 metres, the project is now approaching the 200,000 metre mark. Results from Pan American's Phase-I and part of Phase-II were reported in news releases dated September 08 and October 21, 2009. The information below is in addition to these earlier news releases. Multiple mineralized intercepts for the Martha Vein, plus the upper vein sets for 74 drill holes are included in Appendix "A" of this news release. In places, the Martha structure is geologically classified into an Upper, Middle and/or Lower Martha, with lower grade stringer zones in between. "Martha (Total)" is for the total structure, "Martha (Sup)" is for the Upper -- Superior part of Martha, "Martha (Med)" is for the Middle -- Medio part of Martha, and "Martha (Inf)" is for the Lower -- Inferior part of Martha. "NSI" is for No Significant Intercept and "TBA" is for results To Be Announced. The delineation drilling results from the new holes are mainly located in the known Martha vein structure and were drilled at approximately 18 metre and 50 metre spacings in an area previously drilled by Orko at 100 metre spacing. This data again confirms Orko's previously reported results, and forms the basis of a geostatistical study, toward ultimate reserve definition. Phase-III diamond drilling is still underway. In addition to diamond drilling, a ground magnetometer survey is being conducted along a northwestward projection of structures, with east-west oriented lines totaling 70 line-kilometres. Consulting engineers from Golder Associates have also been contracted to conduct geotechnical engineering. A complete table of drill results is available on our website at the link below: http://www.orkosilver.com/i/pdf/geol-postred_DDH_Orko_PAS_210410.pdf A detailed drill plan map is available on our website at the link below: http://www.orkosilver.com/i/pdf/drillplanmap.pdf A printer friendly PDF format of this news release is available at the link below: http://www.orkosilver.com/i/pdf/OrkoPR2010-04-29.pdf Ben Whiting, P.Geo., is the Qualified Person for Orko Silver Corp. and takes responsibility for the technical disclosure in this news release. Silver-equivalent for the purposes of this drilling program is defined as silver grade plus 60 times gold grade. This 60:1 ratio was determined from the ten-year average of gold and silver prices from the London Metal Exchange. Metallurgical recoveries and net smelter returns are assumed to be 100% for the silver-equivalent value. Base metal values are not included in the silver-equivalent. 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 Gary Cope President 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. *Cautionary Note to U.S. Investors -- The United States Securities and Exchange Commission permits U.S. Mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this press release, such as "measured", "indicated", and "inferred" resources, which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No. 000-51923, which may be secured from us, or from the SEC's website at http://www.sec.gov/edgar.shtml. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
You can view the Next News Releases item: Mon Jul 5, 2010, La Preciosa Drilling Yields 46 Metres of 219 g/t Silver-Equivalent - Development Update. You can view the Previous News Releases item: Wed Jan 13, 2010, Orko Silver Provides an Update of Activities for 2010 and a 2009 Year End Summary You can return to the main News Releases page, or press the Back button on your browser. |
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