| ||January 10, 2005|
Commencement of Geophysics on La Preciosa Project
| ||Mr. Gary Cope, President of ORKO Gold Corporation (TSX-V: OK, "ORKO") is pleased to announce that Orko has contracted S. J. Geophysics Ltd. of Delta, British Columbia to complete an IP Survey on its La Preciosa Property in Durango State, Mexico.|
Orko holds an option to acquire the La Preciosa property from Wheaton River Minerals ("Wheaton"). Under the terms of the Option Agreement, Orko can earn up to an undivided 75% interest by spending US$1.5 million over 6 years. Wheaton then has a 90 day window to pay Orko US$1.5 million and form a joint venture with Wheaton holding a 60% interest and Orko a 40% interest.
The Company's exploration team is very anxious to see the results of the IP Survey, which should give Orko multiple drill targets. Orko anticipates commencing a drill program soon after the IP Survey is completed and evaluated. Orko is currently searching for a suitable drilling contractor.
Please visit our web site at www.orkogold.com or we contact us at [email protected].
ON BEHALF OF THE BOARD OF DIRECTORS
ORKO Gold Corporation
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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