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| August 23, 2006 Orko's Drilling at La Preciosa Continues to Extend Zone of Mineralization | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| VANCOUVER, British Columbia - Orko Silver Corp. -- (TSX.V - OK) is pleased to announce that is has received assay results from Holes BP06-35, BP06-37 and BP06-38. All 3 holes were drilled in Zona Sur and all on the same section. The results expand vein intersections and ore-shoots in the Abundancia Vein 100 metres further to the south of previously reported drill hole BP05-33 (see News Release dated May 3, 2006). Hole BP06-35 is in Zona Sur, west of and deeper than BP06-37 and BP06-38.
Hole BP06-37 is in Zona Sur, between BP06-35 and BP06-38
Hole BP06-38 is in Zona Sur, east of holes BP06-35 and BP06-37. There are multiple quartz-barite veins and veinlet zones.
Gary Cope, President of Orko, adds, "We are very pleased with the progress on La Preciosa to date. We are continuing to build the resource utilizing 2 drill rigs 24 hours a day, 7 days a week at La Preciosa. The Company anticipates announcing a New Resource Estimate shortly. Work has also begun on the adjacent Santa Monica project, our joint venture with Goldcorp, Inc." Ben Whiting P.Geo., is a 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 analysis. The Company maintains a diligent QA/QC program using prepared standards. About Orko Silver 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. An independently verified NI-43-101 compliant Initial Inferred Mineral Resource Estimate, announced January 19, 2006, concluded that the property contains an Inferred Resource of 2.72 million tonnes grading 0.463 grams of gold per tonne (g/t) and 227.2 grams of silver per tonne (g/t) for a silver-equivalent grade of 255.0 g/t. Contained metal in the Inferred Resource equals 19.9 million ounces of silver and 40,400 ounces of gold for a silver-equivalent of 22.3 million ounces of silver using a 60 to 1 silver/gold ratio with no provisions for relative anticipated recovery rates. Less than 30% of the initial target has been drilled along strike and only to a true depth of 340 metres. 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 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: Tue Aug 29, 2006, Orko Silver Corp. Graduates to Tier 1 Listing You can view the Previous News Releases item: Wed Jun 7, 2006, Drilling at La Preciosa Confirms Mineralization at Depth You can return to the main News Releases page, or press the Back button on your browser. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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