| ||August 09, 2005|
La Preciosa Drilling Hits Further High Grade Silver/Gold Mineralization; Strike Length Increased To 880 Metres
| ||Vancouver, B.C., August 9, 2005. Orko Gold Corp., ("Orko" or the "Company"), (OK-TSX.V), is pleased to announce that it has received further silver/gold assay results from its 13 hole, 5000 metre (m) diamond drill program on its La Preciosa property in Durango, Mexico, currently under option from Goldcorp.|
Assay results from drill hole BP05-11 include a 2.73m true width intersection of the La Gloria vein grading 364.2 g/t Ag equivalent* (322.5 g/t Ag & 0.694 g/t Au), containing a 0.87m intersection of 641.8 g/t Ag equivalent (582.0 g/t Ag & 0.997 g/t Au). A 2.50m true width intersection of the Abundancia vein in drill hole BP05-10 returned a 266.8 g/t Ag equivalent (236.6 g/t Ag & 0.503 g/t Au) assay result.
Drill results continue to increase the known strike at La Preciosa, now over 880 metres in length. To date, each Orko Gold drill hole has encountered multiple mineralized veins. Known structure and recent mapping has traced the La Preciosa system for over 5.0 kilometres (km) and is open to the north and south. Drilling furthest to the north of the system shows the structure is still very much intact and structurally sound.
Gary Cope, President of Orko Gold, says: "Orko Gold is getting a much better picture of the overall potential of the La Preciosa vein package. I am pleased by continued mineralization proven in drilling along trend. I am also very pleased to see the La Preciosa strike length has increased by a further 200 m with results from only two holes. The sound structure of this trend gives us increased confidence in our ongoing efforts to prove high grade silver/gold mineralization along the 5.0 km structure traced to date."
George Cavey P.Geo. and 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:
View Drill Results
(*Silver equivalent values were derived using a 60 to 1 silver to gold ratio. Calculations do not take recovery rates into account).
ON BEHALF OF THE BOARD OF DIRECTORS
For further information, please contact 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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