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124 million oz Silver Equivalent
Message: Drills 3.99 Metres of 1 Kilogram Per Ton Silver Equivalent
| December 2, 2008 | |
| Orko Silver Drills 3.99 Metres of 1 Kilogram Per Ton Silver Equivalent | |
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 2, 2008) - Orko Silver Corp. (TSX VENTURE: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 is a thick, high-grade intercept for the Martha Vein in hole BP08-280. This hole is located on the eastern side of the mineralized trend. Hole BP08-280 yielded a true thickness of 6.74 metres grading 1.111 g/t gold and 561.6 g/t silver for a silver-equivalent of 628.2 g/t. Within this intercept is 3.99 metres grading 1.822 g/t gold and 927.4 g/t silver for a silver-equivalent of 1,036.7 g/t. Also of interest is hole BP08-278 which yielded 5.10 metres grading 1.004 g/t gold and 251.3 g/t silver for a silver-equivalent of 311.5 g/t and hole BP08-325A (a re-drill of hole BP08-325, which was abandoned during drilling) yielded 6.47 metres grading 0.860 g/t gold and 421.5 g/t silver for a silver-equivalent of 473.1 g/t. Gary Cope, President of Orko, adds: "We are particularly pleased with the results of Hole 280. It represents another in a long list of holes at La Preciosa that have yielded a significant intercept over 1 kilogram per ton Silver Equivalent. Holes 278, 280 and 325A were noteworthy not only for their impressive grades and widths but also because the high grade mineralization was encountered at a relatively shallow depth. Although we encountered a low grade section of the Martha Vein in some of the holes reported, which is typical in Mexican Epithermal Vein Systems, the vein is structurally strong and we anticipate encountering better grade mineralization with progression to the southeast." Key Martha Vein intercepts added for this release:
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From To Core True Au Ag Ag-Eq
Vein (metres) (metres) Length Width (g/t) (g/t) (g/t)
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BP05-238 325.33 327.36 2.03 2.00 0.250 138.6 153.7
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BP08-239 338.27 347.94 9.67 9.63 0.443 125.4 152.0
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BP08-251 307.10 309.33 2.23 2.19 0.095 100.0 105.7
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BP08-252 341.63 345.88 4.25 4.19 0.104 147.0 153.3
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BP08-262 188.55 190.61 2.06 2.03 0.034 166.0 168.1
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BP08-264 254.19 260.95 6.76 6.35 0.285 147.6 164.7
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BP08-267 163.07 165.32 2.25 2.24 0.198 90.1 102.0
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BP08-268 161.90 164.22 2.32 2.24 0.183 97.8 108.8
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BP08-277 109.60 112.95 3.35 3.30 0.218 247.1 260.2
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BP07-278 83.63 89.06 5.43 5.10 1.004 251.3 311.5
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BP08-280 46.77 53.61 6.84 6.74 1.111 561.6 628.2
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BP08-287 93.41 98.16 4.75 4.46 0.198 226.5 238.4
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BP08-288 57.17 62.54 5.37 4.87 0.183 208.3 219.3
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BP08-299 214.00 228.26 14.26 13.40 0.151 159.3 168.4
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BP08-300 170.20 179.01 8.81 8.68 0.321 137.1 156.4
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BP08-312 75.23 83.04 7.81 7.69 0.441 148.2 174.7
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BP08-324 182.27 189.76 7.49 6.49 0.098 103.5 109.4
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BP08-325 114.47 120.81 6.34 6.24 0.301 359.5 377.6
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BP08-325A 117.42 123.89 6.47 6.37 0.860 421.5 473.1
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A complete table of drill results is available on our website at the link below: http://www.orkosilver.com/i/pdf/dril... A detailed drill plan map is available on our website at the link below: http://www.orkosilver.com/i/pdf/dril... A printer friendly PDF format of this news release is available at the link below: http://www.investorhub.ca/orkonews12... 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 on 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. Base metal values are not included in the silver-equivalent. 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, 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 |
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