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| | February 08, 2006 Orko Extends Zone of Mineralization
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| VANCOUVER, British Columbia - Orko Gold Corporation ("Orko" or the "Company") is pleased to report that it has received assay results from Holes BP05-25 and BP05-26 of its Phase 3 drill program currently underway on its La Preciosa project in Durango, Mexico.
Gary Cope, President of Orko, adds, "We are very happy that the new drilling extends mineralization south of the Transversal Fault into the previously untested Zona Sur. Drilling continues at La Preciosa using two rigs and further assay results will be released as they are received."
Hole BP05-25 is the first hole collared south of the Transversal Fault, an east-west striking, south dipping normal fault, which marks the boundary between the Mina La Preciosa area and Zona Sur. It has successfully proven that significant silver values can be found in veins in Zona Sur. The Abundancia Vein, below the merger of La Gloria/Abundancia, is the key intercept.
Further down the hole is an oblique intercept of the Transversal Vein at 60 degrees to the core perpendicular. In this location, it is anomalous in silver and gold, but not in a high grade shoot.
Two additional veins, one possibly correlating to the Chabelita vein, are found structurally below and thus north of the Transversal Vein.
BP05-25
Vein From To Width True Width Au(g/t) Ag(g/t) Ag-Eq(g/t)
(m) (m)
-----------------------------------------------------------------------------
Abundancia 124.60 129.04 4.44 4.17 0.186 179.6 190.7
Includes 125.67 129.04 3.37 3.17 0.194 209.7 221.4
Unnamed 267.00 269.37 2.37 2.23 0.131 177.9 185.8
Unnamed 280.35 283.74 3.39 3.19 0.057 162.3 165.7
Includes 280.35 281.95 1.60 1.50 0.081 249.9 254.7
BP05-26
Hole BP05-26 is the first hole to directly target the Transversal Vein and does meet the requirement of a minimum 1.5 metres greater than 150 g/t silver-equivalent.
Vein From To Width True Width Au(g/t) Ag(g/t) Ag-Eq(g/t)
(m) (m)
-----------------------------------------------------------------------------
Transversal 74.59 76.16 1.57 1.52 0.210 138.6 151.2
Includes 75.09 76.16 1.07 1.03 0.219 158.9 172.0
According to Ben Whiting, P.Geo., principal consulting geologist for Orko, " From our geological interpretation, we were expecting lower silver values in the shallow holes of Zona Sur, as compared to the Mina La Preciosa area, because the Zona Sur holes are testing mineralization higher in the epithermal model. Lower grades in this part of the epithermal model are consistent with what we have traditionally seen on surface sampling and with the Mina La Preciosa drilling to date. Potential is considered excellent in Zona Sur."
ABOUT ORKO
Orko is an exploratory resource company focused on silver and gold properties in Mexico. La Preciosa, the Company's principal project, located near the city of Durango, is an advanced silver and gold project under option from Luismin S.A. de C.V., a subsidiary of Goldcorp Inc. Orko maintains a detailed QA/QC program under the supervision of Ben Whiting, P.Geo. Samples are sent to SGS Mineral Services prep lab in Durango, with the pulps then sent to SGS Mineral Services, an accredited laboratory in Toronto, Canada for analysis.
ON BEHALF OF THE BOARD OF DIRECTORS
Gary Cope
President
For further information, please contact Orko Gold Corp. at (604) 684-4691 or
Via email at in[email protected] or visit our website on line at www.orkogold.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. |
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