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| March 31, 2008 Orko Silver Hits 20.85 metres grading 458.3 g/t silver-equivalent on Martha Vein including over 3 metres grading greater than 1.5 kilos | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| VANCOUVER, British Columbia - Orko Silver Corp. (TSX.V - OK) is pleased to announce that it has received further assay results from its on-going diamond drilling program at La Preciosa Project in Durango, Mexico. A deepening of hole BP06-71 was performed in late 2007, from 251 metres to a new depth of 533 metres, and the extended hole name was changed to BP06-71ext. The Martha Vein was intersected at a depth of 389.43 to 411.62 metres for a true width of 20.85 metres grading gold 0.414 g/t and silver 433.5 g/t, for a silver-equivalent of 458.3 g/t. Within this interval is a true width 3.05 metres grading gold 0.802 g/t and silver 1,547.4 g/t, for a silver equivalent of 1,595.5 g/t. Hole BP06-71ext is located southeast of and adjacent to the area reported in the 43-101 compliant Resource Estimate (news release 01 October 2007) for the Martha Vein, thus will be included in the next estimate. In addition, the extended holes BP06-74ext, BP06-70ext, BP06-64ext, BP06-62ext and BP06-60ext also intersected the Martha Vein (see tables below). Gary Cope, President of Orko, adds, "We are obviously very pleased with the intercept reported in Hole 71ext and the impact it will have on our upcoming 43-101 compliant Resource Estimate. Moreover, drilling is continuing at a brisk pace at La Preciosa with all four rigs working at full capacity and Hole 220 is now underway. Even with the inclusion of all currently available assay results in the next Resource Estimate, the Company will have drilled over 70 holes that will not be included in the upcoming Resource Estimate. We are eagerly looking forward to reporting the next Resource Estimate and beyond that foresee a continued stream of assay results from on-going drilling at La Preciosa." BP06-71ext
Hole BP06-71ext is located on the east side of La Preciosa Ridge, azimuth 090o, dip -50o, on mine-section 15,100 N. It was originally drilled in 2006 to a depth of 251.46 metres and was extended in late 2007 to a depth of 533.10 metres. The Martha vein is a prominent structure in this hole. BP06-74ext
Hole BP06-74 is on the east side of La Preciosa Ridge, azimuth 000o, dip -90o, on mine-section 15,100 N. It was originally drilled to a depth of 300.23 metres in 2006 then extended to a depth of 516.33 in late 2007. Base metal content (zinc and lead) are elevated. BP06-70ext
Hole BP06-70ext was drilled in 2006 and later extended near the end of 2007 to a depth of 514.20 metres. It is located on the east side of La Preciosa Ridge, azimuth 000o, dip -90o, 100 metres south of hole BP07-135, on mine-section 14,900 N. Base metal content increases in the Martha vein and veinlets below. BP06-64ext
Hole BP06-64ext is located on the east side of La Preciosa Ridge, azimuth 090o, dip -50o, on mine-section 15,200 N. It was originally drilled in 2006 then extended to a depth of 480.90 metres in late 2007. The Martha vein is a prominent structure in this hole. BP06-62ext
Hole BP06-62 was drilled in 2006 east of the outcropping Abundancia Vein in the "Mina La Preciosa Sector", on section mine-grid 15,200 N, to test the Luz Elena vein. In late 2007 the hole was extended to a depth of 480.06 metres to test the Martha vein. The Martha vein is a network of veins and veinlets in this hole. BP06-60ext
Hole BP06-60ext is located in the "Mina La Preciosa Sector", high on La Preciosa Ridge, on section mine-grid 15,200 N, east of holes BP05-03, 04 and 07, and west of hole BP06-62 and 64. Orientation was azimuth 090o and dip -80o. It was designed to pass through Abundancia vein, targeting the Luz Elena vein when initially drilled in 2006 and was extended deeper in late 2007 to intercept Martha vein, with the end of hole to 517.25 metres. Martha structure is present, with elevated base metal and gold values, but is low in silver. A complete table of drill results is available at the link below: http://www.orkosilver.com/i/pdf/drillresults.pdf A detailed drill plan map is available 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.investorhub.ca/orkonews03312008.pdf Ben Whiting, P.Geo., is the Qualified Person and takes responsibility for the technical disclosure in this news release. Full details of the Company's sampling protocols and QA/QC program can be located at our website at the link below: http://www.orkosilver.com/s/QAQC.asp 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%. About Orko Silver Corp. Orko Silver Corp. is a professional 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 4 rigs working 24 hours a day, 7 days a week. The deposit remains open in all directions and to depth. Two additional projects include the Santa Monica east of La Preciosa and the San Juan west of La Preciosa. All are undergoing exploration. 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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