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:
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:
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.