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 September 08, 2008
Orko Silver Hits 26 Metre Intercept on Martha Vein

 

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.

Of particular note in this release for the Martha Vein is hole BP08-217, which yielded a true thickness of 5.52 metres grading gold 0.446 g/t and silver 306.0 g/t for a silver-equivalent of 332.7 g/t, plus lead 2.70 % and zinc 1.65 %.

Also, hole BP08-228 yielded 26.15 metres grading gold 0.111 g/t and silver 95.7 g/t for a silver-equivalent of 102.4 g/t, including a 5.85 metre portion grading gold 0.457 g/t and silver 199.8 g/t for a silver-equivalent of 227.3 g/t.

Gary Cope, President of Orko, adds, "We continue to expand the known Martha mineralization and we look forward to the next resource estimate, which should continue to grow the total resource at La Preciosa. We are also anticipating reporting additional assay results in the next few weeks."

The following Table is a summary of the Martha vein intercepts only, full details of each intercept follows this table.

Martha Vein Intercepts
Hole From
(metres)
To
(metres)
Core
Length
True
Width
Au
(g/t)
Ag
(g/t)
Ag-Eq
(g/t)
BP08-191 179.29 182.69 3.40 3.19 0.150 94.0 103.0
BP08-193 170.95 177.47 6.46 5.59 0.079 114.4 119.2
BP08-206 125.58 128.13 2.55 2.39 0.126 135.8 143.4
BP08-215 398.99 404.65 6.19 6.19 0.220 127.5 140.7
BP08-216 303.64 306.65 3.01 3.01 0.258 119.1 134.6
BP08-217 387.84 393.71 5.87 5.52 0.446 306.0 332.7
BP08-218 276.39 284.16 7.77 7.65 0.162 218.6 228.3
BP08-220 257.77 266.06 8.29 8.01 0.127 103.6 111.2
BP08-223 354.94 357.29 2.43 2.27 0.889 342.3 395.7
BP08-224 321.84 327.36 5.52 5.52 0.241 151.4 165.9
BP08-225 392.95 395.57 2.62 2.53 0.451 308.0 335.1
BP08-226 246.16 248.92 2.76 2.59 0.205 134.8 147.1
BP08-227 255.12 258.67 3.55 3.50 0.383 92.8 115.8
BP08-228 256.79 283.34 26.55 26.15 0.111 95.7 102.4
BP06-61ext 369.04 371.54 2.50 2.35 0.416 183.2 208.2

A few of the holes were drilled along the periphery of the main mineralized trend in Martha and do not make either the thickness, or the cut-off grade, requirements for the Martha vein. These include BP08-194 to BP08-199, BP08-208 and BP08-214.

BP08-191
Vein From
(metres)
To
(metres)
Core Length True Width Au
(g/t)
Ag
(g/t)
Ag-Eq
(g/t)
Martha 179.29 182.69 3.40 3.19 0.150 94.0 103.0
Includes 179.29 181.88 1.64 1.54 0.161 111.5 121.2

Hole BP08-191 is located east of La Preciosa Ridge on mine section 15,100 N, 100 metres east of hole BP08-182. It is oriented azimuth 090, dip -45 degrees. Martha vein is a structure along the andesite/conglomerate contact.

BP08-193
Vein From
(metres)
To
(metres)
Core Length True Width Au
(g/t)
Ag
(g/t)
Ag-Eq
(g/t)
Martha 170.95 177.47 6.46 5.59 0.079 114.4 119.2
Includes 171.63 172.98 1.35 1.17 0.227 191.2 204.8
Includes 171.63 172.15 0.52 0.45 0.280 258.7 275.5

Hole BP08-193 is located east of La Preciosa Ridge on mine section 15,500 N. It is oriented azimuth 090, dip -55 degrees, between holes BP08-139 and BP08-194. Martha vein is a structure in andesite near the conglomerate contact.

BP08-194
Vein From
(metres)
To
(metres)
Core Length True Width Au
(g/t)
Ag
(g/t)
Ag-Eq
(g/t)
Unnamed 135.54 136.19 0.65 0.50 0.120 223.9 231.1
               
Martha 156.93 160.95 4.02 3.64 0.044 48.6 51.2
Includes 156.93 157.33 0.40 0.36 0.145 267.0 275.7

Hole BP08-194 is located east of La Preciosa Ridge on mine section 15,500 N. It is oriented azimuth 090, dip -55 degrees, between holes BP08-193 and BP08-198. Martha vein is a weak structure in conglomerate near the andesite contact.

BP08-198
Vein From
(metres)
To
(metres)
Core Length True Width Au
(g/t)
Ag
(g/t)
Ag-Eq
(g/t)
Martha 120.76 122.89 2.13 1.84 0.013 66.3 67.1
Includes 120.76 121.83 1.07 0.92 0.015 122.2 123.1
               
Unnamed 194.58 195.17 0.59 0.55 0.136 185.5 193.7

Hole BP08-198 is located east of La Preciosa Ridge on mine section 15,500 N. It is oriented azimuth 090, dip -50 degrees, between holes BP08-194 and BP08-203. Martha vein is a weak structure in andesite near the conglomerate contact.

BP08-206
Vein From
(metres)
To
(metres)
Core Length True Width Au
(g/t)
Ag
(g/t)
Ag-Eq
(g/t)
Martha 125.58 128.13 2.55 2.39 0.126 135.8 143.4
Includes 125.58 126.81 1.23 1.16 0.178 186.9 197.6
               
Unnamed 134.28 134.97 0.69 0.65 0.199 105.4 117.4

Hole BP08-206 is located east of La Preciosa Ridge on mine section 15,200 N, east of hole BP08-185. It is oriented azimuth 090, dip -45 degrees. Martha vein is located at the andesite / conglomerate contact.

BP08-208
Vein From
(metres)
To
(metres)
Core Length True Width Au
(g/t)
Ag
(g/t)
Ag-Eq
(g/t)
Unnamed 145.70 146.68 0.98 0.92 0.105 550.1 556.3
               
Martha 335.07 339.54 4.47 4.20 0.150 52.7 61.7
Includes 336.60 339.54 2.94 2.76 0.167 68.3 78.3
Includes 339.22 339.54 0.32 0.30 0.250 181.3 196.3

Hole BP08-208 is located east of La Preciosa Ridge on mine section 14,700 N, between holes BP08-213A and BP08-212A. It is oriented azimuth 090, dip -75 degrees. Martha vein is a strong structure adjacent to the conglomerate / schist contact. It is elevated in the base metals Pb 0.87 % and Zn 1.05 %.

BP08-214
Vein From
(metres)
To
(metres)
Core Length True Width Au
(g/t)
Ag
(g/t)
Ag-Eq
(g/t)
Unnamed 39.00 39.27 0.27 0.25 0.195 1,907.0 1,918.7
               
Unnamed 147.32 149.30 1.98 1.79 0.120 134.7 141.9
Includes 147.32 148.47 1.15 1.04 0.195 216.2 227.9
Includes 147.32 148.07 0.75 0.68 0.264 294.8 310.7
               
Unnamed 175.13 175.80 0.67 0.61 0.034 136.3 138.4
               
Unnamed 340.06 340.68 0.62 0.58 0.125 111.5 119.0
               
Unnamed 373.27 374.20 0.93 0.87 0.085 125.4 130.5
               
Unnamed 397.30 397.70 0.40 0.39 0.504 1,693.7 1,723.9
               
Martha 424.24 426.69 2.45 2.41 0.163 42.4 52.2
Includes 424.24 424.73 0.49 0.48 0.408 91.4 115.9

Hole BP08-214 is located east of La Preciosa Ridge on mine section 14,700 N, between holes BP08-213A and BP08-219. It is oriented azimuth 090, dip -75 degrees. Martha vein is elevated in base metals adjacent to the conglomerate / schist contact. Martha vein also grades Pb 0.79 % and Zn 1.90 %.

BP08-215
Vein From
(metres)
To
(metres)
Core Length True Width Au
(g/t)
Ag
(g/t)
Ag-Eq
(g/t)
Unnamed 0.00 3.05 3.05 2.95 0.010 291.4 292.0
               
Transversal 99.18 102.58 3.40 2.40 0.098 65.3 71.2
Includes 99.43 99.96 0.53 0.37 0.102 137.2 143.3
               
Unnamed 108.35 109.02 0.67 0.66 0.053 226.3 229.5
               
Unnamed 306.57 307.12 0.55 0.55 0.080 108.3 113.1
               
Martha 398.99 404.65 6.19 6.19 0.220 127.5 140.7
Includes 400.69 404.65 3.96 3.96 0.273 170.6 187.0
Includes 401.39 404.27 2.88 2.88 0.294 205.6 223.3
               
Unnamed 411.62 411.92 0.30 0.30 0.415 2,589.5 2,614.4

Hole BP08-215 is located east of La Preciosa Ridge on mine section 14,600 N, between holes BP08-210 and BP08-217. It is oriented azimuth 090, dip -75 degrees. Martha vein is a strong structure in conglomerate. Base metal values are elevated in the Martha intercept at Pb 0.51 % and Zn 1.16 %.

BP08-216
Vein From
(metres)
To
(metres)
Core Length True Width Au
(g/t)
Ag
(g/t)
Ag-Eq
(g/t)
Unnamed 164.07 169.25 5.18 3.97 0.013 135.4 136.2
Includes 165.48 168.86 3.38 2.59 0.018 175.4 176.5
Includes 168.44 168.86 0.42 0.32 0.003 592.5 592.7
               
Unnamed 228.80 229.67 0.87 0.86 0.080 70.8 75.6
Includes 228.80 229.02 0.22 0.22 0.032 153.1 155.0
               
Martha 303.64 306.65 3.01 3.01 0.258 119.1 134.6
Includes 303.64 305.55 1.91 1.91 0.315 163.2 182.1

Hole BP08-216 is located east of La Preciosa Ridge on mine section 14,600 N, between holes BP08-211 and BP08-218. It is oriented azimuth 090, dip -75 degrees. Martha vein is a strong structure at the andesite / conglomerate contact.

BP08-217
Vein From
(metres)
To
(metres)
Core Length True Width Au
(g/t)
Ag
(g/t)
Ag-Eq
(g/t)
Unnamed 95.01 96.14 1.13 0.93 0.179 112.4 123.1
               
Martha 387.84 393.71 5.87 5.52 0.446 306.0 332.7
Includes 390.06 393.71 3.65 3.43 0.698 458.4 500.3
Includes 390.26 390.80 0.54 0.51 0.880 1,641.6 1,694.4

Hole BP08-217 is located east of La Preciosa Ridge on mine section 14,600 N, west of hole BP08-215. It is oriented azimuth 000, dip -90 degrees. Martha vein is a strong structure in conglomerate. Base metal values in Pb and Zn are elevated in this intercept at Pb = 2.70 % and Zn = 1.65 %.

BP08-218
Vein From
(metres)
To
(metres)
Core Length True Width Au
(g/t)
Ag
(g/t)
Ag-Eq
(g/t)
Unnamed 264.92 266.26 1.34 1.26 0.020 109.5 110.7
               
Martha 276.39 284.16 7.77 7.65 0.162 218.6 228.3
Includes 280.68 283.24 2.56 2.52 0.281 431.1 448.0
Includes 281.36 281.93 0.57 0.56 0.250 725.6 740.6

Hole BP08-218 is located east of La Preciosa Ridge on mine section 14,600 N, between holes BP08-216 and BP08-227. It is oriented azimuth 090, dip -75 degrees. Martha vein is a strong structure hosted in andesite close to the conglomerate contact. Base metal values in Pb = 0.51 % and Zn = 1.25 % are elevated in this intercept.

BP08-220
Vein From
(metres)
To
(metres)
Core Length True Width Au
(g/t)
Ag
(g/t)
Ag-Eq
(g/t)
Unnamed 213.37 214.58 1.21 0.78 0.660 127.7 167.3
               
Martha 257.77 266.06 8.29 8.01 0.127 103.6 111.2
Includes 261.16 266.06 4.90 4.73 0.186 143.2 154.4
Includes 261.63 262.05 0.42 0.41 0.059 310.1 313.6
               
Unnamed 276.27 278.50 1.78 1.54 0.210 123.9 136.5

Hole BP08-220 is located east of La Preciosa Ridge on mine section 14,700 N, between holes BP08-212A and BP08-226. It is oriented azimuth 090, dip -75 degrees. Martha vein is a strong structure adjacent to the andesite / conglomerate contact. Base metals are elevated.

BP08-223
Vein From
(metres)
To
(metres)
Core Length True Width Au
(g/t)
Ag
(g/t)
Ag-Eq
(g/t)
Martha 354.94 357.29 2.43 2.27 0.889 342.3 395.7
Includes 354.94 356.74 1.88 1.82 1.175 459.4 529.9

Hole BP08-223 is located east of La Preciosa Ridge on mine section 14,400 N, 100 metres west of hole BP08-224. It is oriented azimuth 090, dip -75 degrees. Martha vein is a strong structure hosted in andesite at the conglomerate contact. Base metal values in Pb 2.40 % and Zn 1.00 % are elevated in this intercept.

BP08-224
Vein From
(metres)
To
(metres)
Core Length True Width Au
(g/t)
Ag
(g/t)
Ag-Eq
(g/t)
Martha 321.84 327.36 5.52 5.52 0.241 151.4 165.9
Includes 323.21 325.77 2.56 2.56 0.400 285.7 309.7
Includes 323.21 324.31 1.10 1.10 0.525 337.3 368.8

Hole BP08-224 is located east of La Preciosa Ridge on mine section 14,400 N, between hole BP08-223 and BP08-236. It is oriented azimuth 090, dip -75 degrees. Martha vein is a strong structure hosted in andesite at the conglomerate contact. Base metal values in Pb 0.54 % and Zn 0.73 % are elevated in this intercept.

BP08-225
Vein From
(metres)
To
(metres)
Core Length True Width Au
(g/t)
Ag
(g/t)
Ag-Eq
(g/t)
Boulders* 4.27 9.13 4.86 * 0.008 102.6 103.1
Includes 4.27 6.03 1.76 * 0.010 218.5 219.1
               
Unnamed 241.73 243.85 2.12 1.99 0.004 130.5 130.7
Includes 241.73 242.69 0.96 0.90 0.006 209.2 209.5
               
Martha 392.95 395.57 2.62 2.53 0.451 308.0 335.1
Includes 393.30 395.27 1.97 1.90 0.561 398.7 432.3
Includes 393.30 394.62 1.32 1.28 0.646 476.2 515.0

Hole BP08-225 is located east of La Preciosa Ridge on mine section 14,300 N, at 100 metres west of hole BP08-234. It is oriented azimuth 090, dip -75 degrees. * At the beginning of the hole are large boulders, through which the drill core sampled, but there is no true width. Deeper is the Martha vein, a strong structure hosted in andesite at the conglomerate contact. Base metal values in Pb 3.16 % and Zn 6.32 % are high in this intercept.

BP08-226
Vein From
(metres)
To
(metres)
Core Length True Width Au
(g/t)
Ag
(g/t)
Ag-Eq
(g/t)
Martha 235.14 248.92 13.78 12.95 0.047 64.8 67.6
Includes 246.16 248.92 2.76 2.59 0.205 134.8 147.1
Includes 247.25 248.92 1.67 1.57 0.317 200.8 219.9

Hole BP08-226 is located east of La Preciosa Ridge on mine section 14,700 N, between holes BP08-220 and BP08-229. It is oriented azimuth 090, dip -75 degrees. Martha vein is a strong structure adjacent to the andesite / conglomerate contact.

BP08-227
Vein From
(metres)
To
(metres)
Core Length True Width Au
(g/t)
Ag
(g/t)
Ag-Eq
(g/t)
Martha 255.12 258.67 3.55 3.50 0.383 92.8 115.8
Includes 255.12 257.06 1.94 1.91 0.470 125.1 153.3

Hole BP08-227 is located east of La Preciosa Ridge on mine section 14,600 N, between holes BP08-218 and BP08-231. It is oriented azimuth 090, dip -75 degrees. Martha vein is a structure hosted in andesite close to the conglomerate contact.

BP08-228
Vein From
(metres)
To
(metres)
Core Length True Width Au
(g/t)
Ag
(g/t)
Ag-Eq
(g/t)
Martha 256.79 283.34 26.55 26.15 0.111 95.7 102.4
Includes 277.40 283.34 5.94 5.85 0.457 199.8 227.3
Includes 278.78 279.40 0.62 0.61 1.175 1,140.5 1,211.0

Hole BP08-228 is located east of La Preciosa Ridge on mine section 14,500 N, between holes BP08-222 and BP08-230. It is oriented azimuth 090, dip -75 degrees. Martha vein is a strong structure hosted in andesite and conglomerate along the contact.

BP06-61ext
Vein From
(metres)
To
(metres)
Core Length True Width Au
(g/t)
Ag
(g/t)
Ag-Eq
(g/t)
Esperancita 31.34 36.73 5.39 2.70 0.555 95.3 128.6
Includes 31.54 34.69 3.15 1.58 0.909 144.5 199.1
Includes 31.54 32.49 0.95 0.48 2.820 380.0 549.2
               
Unnamed 71.46 71.68 0.22 0.21 0.270 570.0 586.2
               
Abundancia 80.05 90.45 10.40 10.24 0.233 209.7 223.7
Includes 86.54 89.90 3.36 3.31 0.375 348.8 371.3
Includes 80.86 81.06 0.20 0.20 0.162 1,050.0 1,059.7
               
Unnamed 101.35 102.65 1.30 1.28 0.059 100.7 104.3
               
Unnamed 110.15 116.42 6.27 6.17 0.191 107.0 118.5
Includes 110.15 113.96 3.81 3.75 0.222 133.7 147.0
               
Unnamed 150.68 153.11 2.43 2.28 0.058 76.5 80.0
Includes 150.68 151.79 1.11 1.04 0.054 127.9 131.1
               
Unnamed 163.05 163.96 0.91 0.55 0.094 129.9 135.5
               
Unnamed 182.29 183.19 0.90 0.85 0.182 110.1 121.0
               
Unnamed 341.95 345.39 3.44 3.23 0.366 116.9 138.9
Includes 342.24 344.20 1.96 1.84 0.526 184.5 216.0
Includes 342.24 343.24 1.00 0.94 0.684 305.6 346.6
               
Martha 369.04 371.54 2.50 2.35 0.416 183.2 208.2
Includes 369.04 370.94 1.90 1.79 0.495 235.0 264.7
               
Unnamed 446.64 447.11 0.47 0.43 0.808 2,831.5 2,879.9
               
Unnamed 449.25 450.21 0.96 0.87 0.109 281.2 287.7

Hole BP06-61ext is located on La Preciosa Ridge on section mine-grid 15,300 N, 100 metres north of BP06-60. This hole was extended to a core length of 489.81 metres, thus the results below 350 metres are new reporting. It intersected obliquely the Esperancita Vein before reaching a major intercept of Abundancia vein, multiple smaller veins in the footwall of Abundancia, then Martha vein at depth. Martha vein is hosted in conglomerates and has elevated base metals at Pb 0.69 % and Zn 2.04 %.

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/orkonews09082008.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% for the silver-equivalent value.

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.

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 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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You can view the Next News Releases item: Wed Oct 22, 2008, Orko Silver Extends Martha Vein by 400 metres

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