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| February 14, 2007 Orko Silver's Drilling Increases Width of Abundancia Vein and Includes Multiple High Grade Hits in Luz Elena and Esperancita Veins | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| VANCOUVER, British Columbia - Orko Silver Corp. (TSX.V - OK) is pleased to announce that it has received further assay results from the Phase-IV diamond drilling in the "Mina La Preciosa" sector on its La Preciosa Project in Durango, Mexico. Of particular note is the substantial width of the Abundancia Vein intersected in hole BP06-61. It yielded 10.24 metres true width grading gold 0.233 g/t and silver 209.7 g/t for a silver-equivalent grade of 223.7 g/t. This intersect is represented by 23 individual samples, of which 14 samples exceeded silver 100 g/t and one sample of 0.20 metres length graded gold 0.164 g/t and silver 1,050.0 g/t for a silver-equivalent of 1,059.7 g/t. Luz Elena Vein, a sub-parallel vein below Abundancia, was also intersected several times, including its greatest thickness to date in hole BP06-62 at 6.79 metres true width grading gold 0.233 g/t and silver 150.9 g/t for a silver-equivalent of 164.8 g/t. Esperancita Vein, an east-west transversal type structure, was intersected obliquely in hole BP06-60 at 0.85 metres true thickness grading gold 0.398 g/t and silver 497.4 g/t for a silver-equivalent of 521.3 g/t. This included a 0.29 metre intercept of gold 0.851 g/t and silver 1,237.2 g/t for a silver equivalent of 1,288.3 g/t. Quality Control work revealed that the silver grades previously reported for the Abundancia Vein in the upper portion of hole BP06-60 were understated by 30 % (news release 18 January 2007). The retesting revealed that the quoted intersect is 2.48 metres true thickness grading gold 0.356 g/t and silver 207.2 g/t for a silver-equivalent of 228.5 g/t. Alternatively, it can be extended to 4.44 metres true thickness of gold 0.225 g/t and silver 158.1 g/t for a silver-equivalent of 171.6 g/t. Gary Cope, President of Orko, adds, "These results show a significant widening of both Abundancia and Luz Elena veins. They will be added to our next resource estimate which we anticipate releasing by the end of Q1 2007. Of particular interest will be the addition of the Luz Elena vein to the next resource estimate. In our last resource estimate, the Luz Elena vein was not included because we did not have sufficient drilling data that intersected the vein. We are very encouraged by these results as we continue to strive to meet our minimum target of 100 Million silver-equivalent ounces at La Preciosa." "I am also pleased to announce that we have begun to receive assays from our initial surface sampling of rocks and soils from our Santa Monica joint venture with Goldcorp, Inc. We are compiling the results and anticipate reporting them in the near future." MINA LA PRECIOSA SECTOR A program designed to test the Luz Elena vein in the "Mina La Preciosa" sector confirms that it is a significant silver-gold vein located beneath the Abundancia vein. Hole BP06-60 passed through the Abundancia vein and into the Luz Elena vein, plus a thinner mineralized vein footwall to Luz Elena. Multiple thinner veins were hit before the hole reached oblique intercepts of Esperancita and Carmen Veins. This hole is located on section mine-grid 15,200 N. BP06-60
Hole BP06-61 is located on section mine-grid 15,300 N, 100 metres north of BP06-60. It intersected obliquely the Esperancita Vein before reaching a major intercept of Abundancia Vein, multiple smaller veins in the footwall of Abundancia and finally the Luz Elena Vein. BP06-61
Hole BP06-62 was drilled east of the outcropping Abundancia Vein, on section mine-grid 15,200 N, to test the underlying Luz Elena Vein. BP06-62
Ben Whiting, P.Geo., is the Qualified Person and takes responsibility for the technical disclosure in this news release. The samples are prepared in Durango, Mexico, by SGS Laboratories and shipped to the SGS laboratory in Toronto, Canada, for analyses. The Company maintains a diligent QA/QC program using prepared standards. Silver-equivalent for the purposes of this drilling program is defined as silver grade plus 60 times gold grade. Metallurgical recoveries and net smelter returns are assumed to be 100%. A detailed drill plan map is available at the link below: http://www.orkosilver.com/i/pdf/drillplanmap.pdf About Orko Silver Corp. Orko Silver Corp. is an aggressive exploration company with an increasing silver resource. Orko Silver's principal project, La Preciosa, located near the city of Durango, Mexico, is an advanced silver and gold project. The Company is currently drilling at La Preciosa using 2 rigs working 24 hours a day, 7 days a week. The deposit remains open in all directions and to depth. ON BEHALF OF THE BOARD OF DIRECTORS Gary Cope President For further information, contact Orko Silver Corp. at (604) 684-4691 or via email at [email protected] or visit 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 . | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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