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OKOFF: Plan of Arrangement. Persuant to the plan, Orko Shareholders who have elected or are deemed to have elected to receive the cash and share consideration will receive $0.70 cash, 0.0815 of a common share of Coeur (each whole common share, a "Coeur Share") and 0.01118 of a warrant to purchase Coeur Shares (each whole warrant, a "Coeur Warrant") for each common share of Orko (an "Orko Share") held. Orko Shareholders who have elected to receive the share consideration will receive 0.1118 of a Coeur Share and 0.01118 of a Coeur Warrant for each Orko Share held. And Orko Shareholders who have elected to receive the cash consideration will receive $0.74 cash, 0.0797 of a Coeur Share and 0.01118 of a Coeur Warrant for each Orko Share held, after proration.
http://www.otcbb.com/asp/dailylist_detail.asp?d=04/16/2013&mkt_ctg=NON-OTCBB
Coeur d’Alene Mines Corporation Makes Proposal to Acquire Orko Silver Corp. for Cad$2.70 Per Share in Cash and Stock
http://www.businesswire.com/news/canadacom/20130213005510/en/Coeur-d%E2%80%99Alene-Mines-Corporation-Proposal-Acquire-Orko
Fresh Releases - December 19, 2012
First Majestic Silver T.FR | Hana Mining V.HMG | Sutter Gold V.SGM
Kevin Michael Grace
First Majestic inks $50M Forward Sale, Buys Orko Silver
Hana reports Botswana Assays up to 1.26% Copper, 19.8 g/t Silver over 37.3m
Sutter pours California Gold
Read the rest of these press releases and assay results here. http://resourceswire.com/2012/12/fresh-releases-28/
Yea! Yes, congrats to yourself. Kick myself as I almost bought a bunch more last week when it was testing 1.5,but it is all good.
Did you notice our CEO Gary Cope's other, lately overly much beaten up, company Orex Minerals (REX.CA) caught some sympathy today, with big (for REX) volume on Toronto venture?
PS
I and I'll wager you also have some hopefuls ahead of EXS in the line for payout but it would be nice.
Very ,true =about time ! exsff next lol !CONGRATS W/OKOFF !
First Majestic Announces Friendly Acquisition of Orko Silver
http://ih.advfn.com/p.php?pid=nmona&article=55482391&symbol=AG
Finally! after a couple years waiting for the take-out. I'll take it, even though I feel AG got a screaming deal.
Company is on the Takeover Radar list. Expecting something (buyout) in the next 2-6 months.
insert-text-here
Orko Silver Corp. (OK.V) has hit its lowest levels since November 2009 with more than 5 million shares traded after announcing today that Pan American Silver Corp (PAA.TO) - which has hit new year lows - has decided not to deliver a feasibility study for the La Preciosa project as required under the terms of the joint venture agreement between Orko and Pan American. Pan American is relinquishing its right to earn a 55% interest in the La Preciosa project and Orko will retain 100% of the project.
Gary Cope, President and CEO of Orko, noted, "We are very excited about regaining 100% ownership of the La Preciosa project and developing it into a large primary silver mine. With over $18 million in exploration and development expenditures funded by Pan American, there has been significant progress in developing the La Preciosa project over the past three years."
Geoff Burns, President and CEO of Pan American, commented, "After completing almost three years of exploration, engineering and project development work, we have come to the unfortunate conclusion that our continued participation in the La Preciosa project is unlikely to generate a rate of return that meets Pan American's internal economic hurdle rate. As a consequence, we have decided to relinquish our right to earn a 55% interest in La Preciosa. We thank Orko for the positive relationship that we have developed as partners and wish them good fortune with La Preciosa going forward."
Orko has already engaged AMEC Americas Limited to complete an updated preliminary economic assessment on the project, which is expected late July.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.
Read more: http://community.nasdaq.com/News/2012-04/update-orko-silver-at-lowest-levels-since-november-2009-on-pan-american-silver-corp-news-paa-at-yr-lows.aspx?storyid=132488#ixzz1rfDkHLoy
yep, quite the trend lately, even on days the sector has rough headwinds it shows relative strength . . . so what's with PAA anyway
No one has posted in a while. Share price is steadily moving upwards towards the $3.00 share price or more as we get close to the April 14th deadline.
Orko Silver Corp.: Multiple High Grade Silver Intersections at La Preciosa
Including: 51.15 metres grading 270.8 g/t Silver Equivalent and 6 metres grading 1,219.7 g/t Silver-Equivalent
http://finance.yahoo.com/news/Orko-Silver-Corp-Multiple-ccn-539029341.html?x=0&.v=1
On February 18, 2009, the Company released its 6th NI 43-101 compliant Resource Estimate. The La Preciosa deposit now comprises 47% Indicated Resources and 53% Inferred Resources. Current Indicated Resources are 10.64 million tonnes grading 0.27 g/t Au and 185 g/t Ag for a Silver-Equivalent grade of 201 g/t. at a cut off grade of 100 g/t. The contained metal equals 63.2 million ounces of Silver and 94,000 ounces of Gold for a Silver Equivalent of 68.9 Million Ounces. Current Inferred Resources are 12.0 million tonnes grading 0.25 g/t Au and 185 g/t Ag for a Silver-Equivalent grade of 200 g/t. at a cut off grade of 100 g/t. The contained metal equals 71.8 million ounces of Silver and 97,000 ounces of Gold for a Silver Equivalent of 77.6 Million Ounces.*
*Estimated at a 60 to 1 Silver/Gold ratio with metallurgical recoveries and net smelter returns assumed to be 100%.
The current resource estimate is based on all of Orko Silver's drilling to date, including the 2008 drilling of an additional 205 holes (79,021metres). There remains significant potential for defining a larger resource.
On April 14th, 2009 Pan American Silver Corp. and Orko Silver announced that they have agreed to form a joint venture to develop the La Preciosa project. Pan American will contribute its demonstrated mine development expertise, as well as 100% of the funds necessary to develop and construct an operating mine, in consideration for a 55% interest in the joint venture. Orko Silver retains a 45% interest fully carried to production.
Key aspects to the joint venture and the development strategy for La Preciosa include:
Pan American currently operates 7 primary silver mines
Pan American has completed 3 successful mining project in the past 4 years
Pan American will fast track the deposit to production
Orko Silver retains a 45% fully carried interest to production
No financing risk or further dilution for Orko Silver shareholders
Orko Silver's shareholders will benefit from the financial capacity and extensive mine development expertise that Pan American brings to the joint venture as well as retain the upside potential for the discovery of additional resources from Orko Silver's exploration team.
Since assuming operatorship of the project in April, Pan American has drilled 91 holes, including 23 holes on exploration targets for a total of 27,097m. Delineation drilling is in the Central Area of the La Preciosa Resource and consists of 66 holes (21,734m). Exploration drilling around the periphery of the Resource includes 15 holes (5,363m) from the South Area on the Martha Vein. The results of the exploration drilling to date from Baritina and El Vaquero, which are targets outside of the Martha vein resource, have been inconclusive. Further drilling has been done in both areas; results of which are pending.
In 2010, Pan American plans a continued aggressive exploration program. Work will include approximately 51,000m of diamond drilling, with the majority of the drilling slated for further resource definition; 100km of magnetometer surveys; more detailed metallurgical testing; additional engineering studies, a preliminary economic assessment and continued community relations. Drill testing of two additional exploration targets and the completion of a preliminary environmental impact study (EIS) are also integral parts of this year's planned program.
Pan American has budgeted $10 million for the planned 2010 exploration and development and is working towards completing a full feasibility study towards the end of the year; more than a year ahead of the timing contemplated in the April 2009 joint venture agreement.
Pan American Silver and Orko Silver Announce Positive Test Results at the La Preciosa Project
Metallurgical Testing Yields 91% Average Silver Recovery
Press Release Source: Pan American Silver Corp. and Orko Silver Corp. On Wednesday December 16, 2009, 5:30 am EST
http://finance.yahoo.com/news/Pan-American-Silver-and-Orko-iw-2350093054.html?x=0&.v=1
VANCOUVER, BRITISH COLUMBIA--(Marketwire - 12/16/09) - Orko Silver Corp. ("Orko") (TSX-V:OK - News) and Pan American Silver Corp. ("Pan American") (TSX:PAA - News)(NASDAQ:PAAS - News) are pleased to announce that phase one metallurgical testing conducted on representative samples of the different veins at the La Preciosa joint venture project in Durango, Mexico have yielded excellent results.
Pan American has completed a first phase detailed metallurgical program, which included: work index tests, abrasion tests, mineralogical studies, gravity tests, floatation tests and cyanide leach tests. The program was a follow-up to the preliminary testing conducted in 2008 by Orko (Orko's news release April 17, 2008). Additional flotation studies are still underway.
Simple cyanide leaching yielded average silver recoveries of 91%, although the use of selective oxidants could further enhance these results. In addition, Pan American has been successful in reducing cyanide consumption to 1.6 kg/t, which is materially lower than the results from the metallurgical work previously completed by Orko. Lastly, the current test work has shown that with the use of oxidants, the leach cycle times can be reduced to 48 hours with minimal impact on ultimate silver recovery.
Gary Cope, president of Orko Silver Corp., stated: "This is excellent news. Confirming the straightforward leaching characteristics of the ore while reducing both cyanide consumption and leach times are clear enhancements to the La Preciosa project."
Also commenting on the metallurgical results, Geoff Burns, President and CEO of Pan American Silver, said: "These are very good results and better than we expected. We are fully engaged in all aspects of the project and still expect to produce a full feasibility study for La Preciosa by the end of next year."
In addition to continuing delineation and exploration drilling, as well as doing additional metallurgical testing, the project is being actively advanced on a number of other critical path items. Hydrogeological services have been contracted to begin determining appropriate water sources and Pan American has been in active dialogues with the local communities and land owners in the project's immediate vicinity who would be affected by La Preciosa's development.
Technical information contained in this news release has been reviewed by Michael Steinmann, P.Geo., Executive Vice President Geology & Exploration, and Martin Wafforn, P.Eng., VP Technical Services, who are Pan American's Qualified Persons for the purposes of NI 43-101. George Cavey, P. Geo. is Orko's Qualified Person for the purposes of NI-43-101.
About Orko Silver Corp.
Orko Silver Corp. is developing one of the world's largest primary silver deposits, La Preciosa, located near the city of Durango, in the State of Durango, Mexico.
About Pan American Silver Corp.
Pan American Silver's mission is to be the world's largest and lowest cost primary silver mining company, and to achieve this by increasing its low cost silver production and its silver reserves. The Company has eight silver mining operations in Mexico, Peru, Argentina and Bolivia.
THIS NEWS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS" WITHIN THE MEANING OF THE UNITED STATES PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND "FORWARD-LOOKING INFORMATION" WITHIN THE MEANING OF APPLICABLE CANADIAN SECURITIES LEGISLATION. ALL STATEMENTS, OTHER THAN STATEMENTS OF HISTORICAL FACT, ARE FORWARD-LOOKING STATEMENTS. WHEN USED IN THIS NEWS RELEASE, THE WORDS "ANTICIPATE", "BELIEVE", "ESTIMATE", "EXPECT", "INTEND", "TARGET", "PLAN", "FORECAST", "STRATEGIES", "GOALS", "OBJECTIVES", "BUDGET", "MAY", "SCHEDULE" AND OTHER SIMILAR WORDS AND EXPRESSIONS, IDENTIFY FORWARD-LOOKING STATEMENTS OR INFORMATION. SUCH FORWARD-LOOKING STATEMENTS AND INFORMATION INCLUDE, BUT ARE NOT LIMITED TO, STATEMENTS AS TO: PAN AMERICAN'S FUTURE EXPENDITURES AND ACTIVITIES FOR THE BENEFIT OF THE JOINT VENTURE, WHICH ARE CONDITIONAL TO PAN AMERICAN MAINTAINING ITS INTEREST IN THE JOINT VENTURE; LA PRECIOSA ACHIEVING FUTURE PRODUCTION; VALUE CREATION AND GROWTH FOR PAN AMERICAN'S AND ORKO'S SHAREHOLDERS; CONTINUITY OR EXPECTED IMPROVEMENTS IN METAL RECOVERIES, CYCLE TIMES, CYANIDE CONSUMPTION RATES OR OTHER METALLURGICAL RESULTS, OR THE APPLICABILITY OF ANY SUCH RESULTS TO THE LA PRECIOSA PROJECT MORE BROADLY.
SUCH FORWARD-LOOKING STATEMENTS REFLECT THE CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE NECESSARILY BASED UPON A NUMBER OF ASSUMPTIONS AND ESTIMATES THAT, WHILE CONSIDERED REASONABLE, ARE INHERENTLY SUBJECT TO SIGNIFICANT BUSINESS, ECONOMIC, COMPETITIVE, POLITICAL AND SOCIAL UNCERTAINTIES AND CONTINGENCIES. MANY FACTORS, BOTH KNOWN AND UNKNOWN, COULD CAUSE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS TO BE MATERIALLY DIFFERENT FROM THE RESULTS, PERFORMANCE OR ACHIEVEMENTS OF PAN AMERICAN, ORKO OR THEIR RESPECTIVE OPERATIONS THAT ARE OR MAY BE EXPRESSED OR IMPLIED BY SUCH FORWARD-LOOKING STATEMENTS CONTAINED IN THIS NEWS RELEASE AND THE COMPANIES HAVE MADE ASSUMPTIONS AND ESTIMATES BASED ON OR RELATED TO MANY OF THESE FACTORS. SUCH FACTORS IN RELATION TO PAN AMERICAN INCLUDE, WITHOUT LIMITATION: FLUCTUATIONS IN SPOT AND FORWARD MARKETS FOR SILVER, GOLD, BASE METALS AND CERTAIN OTHER COMMODITIES (SUCH AS NATURAL GAS, FUEL OIL AND ELECTRICITY); FLUCTUATIONS IN CURRENCY MARKETS (SUCH AS THE PERUVIAN SOLES, MEXICAN PESO, ARGENTINE PESO AND BOLIVIAN BOLIVIANO VERSUS THE U.S. DOLLAR); RISKS RELATED TO THE TECHNOLOGICAL AND OPERATIONAL NATURE OF PAN AMERICAN'S BUSINESS; CHANGES IN NATIONAL AND LOCAL GOVERNMENT, LEGISLATION, TAXATION, CONTROLS OR REGULATIONS AND POLITICAL OR ECONOMIC DEVELOPMENTS IN CANADA, THE UNITED STATES, MEXICO, PERU, ARGENTINA, BOLIVIA OR OTHER COUNTRIES WHERE PAN AMERICAN MAY CARRY ON BUSINESS IN THE FUTURE; RISKS AND HAZARDS ASSOCIATED WITH THE BUSINESS OF MINERAL EXPLORATION, DEVELOPMENT AND MINING (INCLUDING ENVIRONMENTAL HAZARDS, INDUSTRIAL ACCIDENTS, UNUSUAL OR UNEXPECTED GEOLOGICAL OR STRUCTURAL FORMATIONS, PRESSURES, CAVE-INS AND FLOODING); RISKS RELATING TO THE CREDIT WORTHINESS OR FINANCIAL CONDITION OF SUPPLIERS, REFINERS AND OTHER PARTIES WITH WHOM PAN AMERICAN DOES BUSINESS;
INADEQUATE INSURANCE, OR INABILITY TO OBTAIN INSURANCE, TO COVER THESE RISKS AND HAZARDS; EMPLOYEE RELATIONS; RELATIONSHIPS WITH AND CLAIMS BY LOCAL COMMUNITIES AND INDIGENOUS POPULATIONS; AVAILABILITY AND INCREASING COSTS ASSOCIATED WITH MINING INPUTS AND LABOUR; THE SPECULATIVE NATURE OF MINERAL EXPLORATION AND DEVELOPMENT, INCLUDING THE RISKS OF OBTAINING NECESSARY LICENSES AND PERMITS AND THE PRESENCE OF LAWS AND REGULATIONS THAT MAY IMPOSE RESTRICTIONS ON MINING, INCLUDING THOSE CURRENTLY IN THE PROVINCE OF CHUBUT, ARGENTINA; DIMINISHING QUANTITIES OR GRADES OF MINERAL RESERVES AS PROPERTIES ARE MINED; GLOBAL FINANCIAL CONDITIONS; BUSINESS OPPORTUNITIES THAT MAY BE PRESENTED TO, OR PURSUED BY, PAN AMERICAN; PAN AMERICAN'S ABILITY TO COMPLETE AND SUCCESSFULLY INTEGRATE ACQUISITIONS AND TO MITIGATE OTHER BUSINESS COMBINATION RISKS; CHALLENGES TO, OR DIFFICULTY IN MAINTAINING, PAN AMERICAN'S TITLE TO PROPERTIES AND CONTINUED OWNERSHIP THEREOF; THE ACTUAL RESULTS OF CURRENT EXPLORATION ACTIVITIES, CONCLUSIONS OF ECONOMIC EVALUATIONS, AND CHANGES IN PROJECT PARAMETERS TO DEAL WITH UNANTICIPATED ECONOMIC OR OTHER FACTORS; INCREASED COMPETITION IN THE MINING INDUSTRY FOR PROPERTIES, EQUIPMENT, QUALIFIED PERSONNEL, AND THEIR COSTS; AND THOSE FACTORS IDENTIFIED UNDER THE CAPTION "RISKS RELATED TO PAN AMERICAN'S BUSINESS" IN PAN AMERICAN'S MOST RECENT FORM 40F AND ANNUAL INFORMATION FORM FILED WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION AND CANADIAN PROVINCIAL SECURITIES REGULATORY AUTHORITIES. INVESTORS ARE CAUTIONED AGAINST ATTRIBUTING UNDUE CERTAINTY OR RELIANCE ON FORWARD-LOOKING STATEMENTS. ALTHOUGH PAN AMERICAN AND ORKO HAVE ATTEMPTED TO IDENTIFY IMPORTANT FACTORS THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY, THERE MAY BE OTHER FACTORS THAT CAUSE RESULTS NOT TO BE AS ANTICIPATED, ESTIMATED, DESCRIBED OR INTENDED. THE COMPANIES DO NOT INTEND, AND DO NOT ASSUME ANY OBLIGATION, TO UPDATE THESE FORWARD-LOOKING STATEMENTS OR INFORMATION TO REFLECT CHANGES IN ASSUMPTIONS OR CHANGES IN CIRCUMSTANCES OR ANY OTHER EVENTS AFFECTING SUCH STATEMENTS OR INFORMATION, OTHER THAN AS REQUIRED BY APPLICABLE LAW.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Contact:
Contacts:Pan American Silver Corp.Kettina CorderoCoordinator, Investor Relations(604) 684-1175
info@panamericansilver.comwww.panamericansilver.comOrko Silver Corp.Gary CopePresident(604) 684-4691info@orkosilver.comwww.orkosilver.com
Yes, I bought 4,000 shares today; I owned it a while back and am glad to be back here.
sumi
Interesting jv with PanAmerican Silver:
http://www.orkosilver.com/s/Home.asp
http://www.orkosilver.com/i/pdf/OrkoPresentation.pdf
futr
Orko Silver Increases and Upgrades La Preciosa Resource Estimate
Wednesday February 18, 8:02 am ET
http://biz.yahoo.com/ccn/090218/200902180512365001.html?.v=1
Orko Silver Provides 2008 Year End Summary
Wednesday January 7, 8:00 am ET
http://biz.yahoo.com/ccn/090107/200901070505344001.html?.v=1
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 7, 2009) - Orko Silver Corp. (TSX VENTURE:OK - News) - The Company wishes to provide a year end summary and update of activities planned for 2009.
Calendar Year 2008 represented a significant expansion of the Martha Vein with four diamond drills turning until October when the Company cut back to two drills in order to preserve working capital. All drills were idled in early December, with present plans to resume drilling early in 2009, subsequent to the issuance of the Company's upcoming sixth resource estimate being conducted by Mine Development Associates of Reno, Nevada (MDA), and incorporating their recommendations for ongoing drill testing.
During 2008, Orko Silver drilled over 70,700 metres at La Preciosa bringing the total drilled to date to over 146,000 metres in 366 holes. All drilling was conducted by Major Drilling International under the direction of Orko Silver.
Orko released its fifth NI 43-101 compliant resource estimate during 2008, which demonstrated an increase in the resource at La Preciosa by approximately 30% to 103.2 million Silver-equivalent ounces. The independently verified estimate, announced on March 31st, 2008, concluded that work to date on the property had outlined an estimated Inferred Resource of 15.35 million tonnes grading 0.321 g/t Au and 190 g/t Ag at a cut-off grade of 100 g/t for a Silver-equivalent grade of 209.2 g/t, and equaling 3,211 million grams Ag-Eq or 103.2 million oz Ag-Eq(i).
The mineral resource estimate was based on assay results from diamond drill holes BP05-01 to BP07-149 plus seven extensions of holes previously drilled on La Preciosa Ridge. Average drill-hole spacing approximates 100 metres. Not all of the holes were used in the resource estimation as a number of holes tested targets outside the defined resource block. Orko is pleased to have added over 30 million ounces to the resource estimate which included assay data from an additional 36 holes of drilling since the previous estimate in October 2007. The Martha Vein accounted for all of the additional ounces added and now represents 56% of the total resource at La Preciosa. The Martha Vein has an average true thickness of 9.92 metres.
During 2008, Orko Silver also retained Mine Development Associates of Reno, Nevada to complete an independent resource estimate. This sixth resource estimate, initially scheduled for completion in the 4th quarter 2008, has been delayed until early 2009, so that additional metallurgical testing of the Martha Vein can be completed and missing information can be gathered, all with the expectation of upgrading the resource classification.
The final product will be a 3D block model including detailed recommendations for the next stage of drilling. Subsequent to the issuance of the MDA results, a Preliminary Economic Assessment analysis will be completed.
The Martha Vein oriented drilling program has extended the mineralization in a SSE direction, toward the La Preciosa/Santa Monica Property boundary. The Company's geologists have noted a drop in the silver values to the southeast, where drilling has taken place on the periphery of a small Quaternary basaltic volcano. Here Martha vein thickness remains strong.
A similar depletion in grade is also noted along the southern boundary of a second basaltic volcano along the northern boundary of Martha drilling. Our technical team now believes that heat from the emplacement of the northern volcano may have remobilized and caused the pooling of silver-bearing fluids into large mineralized zones, as seen in the vicinity of hole BP07-71ext (20m of 460 g/t Ag-Eq) and hole BP07-75ext (40m of 260 g/t Ag-Eq) as well as a number of other thick intercepts where our best portion of the current resource estimate lies. A similar scenario may be in place in the southeast in the vicinity of the second volcano. Orko geologists plan to test this theory in 2009 by drilling wider spaced holes south and southeast of the southern volcano, toward definition of richer areas of silver concentration.
The Company remains extremely optimistic about its future prospects at La Preciosa. For 2009, Orko Silver plans to carryout in-fill drilling that will allow the Company to increase the resource confidence of the Martha vein, as well as drill testing along the extensions of the other known vein trends, within the overall property package.
A printer friendly PDF format of this news release is available at the link below:
http://www.investorhub.ca/orkonews01072009.pdf
George Cavey, 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
(i) Silver-equivalent, for the purposes of this resource estimate, was defined as the silver grade plus 60 times the gold grade. The reported numbers are for in situ metal content without consideration of metallurgical recoveries and net smelter returns.
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. 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
George Cavey, Vice-President Exploration
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.
The TSX Venture Exchange has not reviewed and does not accept responsibility for this news release.
Contact:
(604) 684-4691
Orko Silver Corp.
(604) 684-4601 (FAX)
Email: info@orkosilver.com
Website: www.orkosilver.com
--------------------------------------------------------------------------------
Source: Orko Silver Corp.
Orko Silver Drills 3.99 Metres of 1 Kilogram Per Ton Silver Equivalent
Tuesday December 2, 8:00 am ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 2, 2008) - Orko Silver Corp. (TSX VENTURE:OK - News) 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
[continued in following link]
http://biz.yahoo.com/ccn/081202/200812020500556001.html?.v=1
Besides other results:
October 30, 2008
Orko Silver Hits 7.30 metres of 425 g/t Silver-Equivalent
--------------------------------------------------------------------------------
View News Release in PDF Format
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 is a thick, high-grade intercept for the Martha Vein in hole BP08-289. This hole is located on the eastern side of the mineralized trend. Hole BP08-289 yielded a true thickness of 7.30 metres grading 0.312 g/t gold and 406.5 g/t silver for a silver-equivalent of 425.3 g/t.
Also, hole BP08-273 yielded a true thickness of 10.35 metres grading 0.386 g/t gold and 208.8 g/t silver for a silver-equivalent of 231.0 g/t.
Gary Cope, President of Orko, adds: "We are very encouraged with this set of drill results, particularly with the increasing grades and widths of the Martha Vein as evidenced in holes 273 and 289. We remain very optimistic about the future of La Preciosa and anticipate releasing our next 43-101 compliant Resource Estimate next month."
Key Martha Vein intercepts added for this release:
Vein
From
(metres)
To
(metres)
Core Length
True Width
Au
(g/t)
Ag
(g/t)
Ag-Eq
(g/t)
1
BP08-267
163.07
165.32
2.25
2.24
0.198
90.1
102.0
BP08-269
136.65
139.67
3.02
3.01
0.181
139.9
150.8
BP08-272
108.43
111.31
2.88
2.78
0.181
106.5
117.4
BP08-273
133.27
144.48
11.01
10.35
0.386
208.8
231.0
BP08-278
83.63
89.06
5.43
5.10
1.004
251.3
311.5
BP08-281
75.94
79.02
3.08
2.98
0.515
262.4
293.3
BP08-283
160.10
165.65
5.55
5.03
0.344
199.1
219.7
BP08-284
119.94
122.68
2.74
2.47
0.306
213.6
232.0
BP08-286
143.58
148.59
5.01
4.71
0.151
127.4
136.5
BP08-289
123.17
131.60
8.43
7.30
0.312
406.5
425.3
BP08-292
96.94
99.95
3.01
2.61
0.145
137.0
145.7
Several holes were either drilled along the periphery of the main mineralized trend in Martha or do not make either the thickness, or the cut-off grade, requirements for the Martha vein. These include BP08-203, BP08-204, BP08-205, BP08-207, BP08-232, BP08-233, BP08-240, BP08-245, BP08-247, BP08-295, and BP08-298.
A complete table of drill results is available on our website at the link below:
http://www.orkosilver.com/i/pdf/drillresults.pdf
A detailed drill plan map is available on our website 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/orkonews10302008.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. Base metal values are not included in the silver-equivalent.
Orko Silver Hits 26 Metre Intercept on Martha Vein
Monday September 8, 8:00 am ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 8, 2008) - Orko Silver Corp. (TSX VENTURE:OK - News) 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
[continued in following link]
http://biz.yahoo.com/ccn/080908/200809080484313001.html?.v=1
Orko Silver Encounters Multiple High-grade Intercepts from Martha Vein
Tuesday June 24, 8:00 am ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 24, 2008) - Orko Silver Corp. (TSX VENTURE:OK - News) 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 for the Martha Vein is hole BP08-189 which yielded a true thickness of 9.47 metres grading gold 1.369 g/t and silver 323.3 g/t for a silver-equivalent of 405.4 g/t. Also, hole BP08-181 yielded 6.80 metres grading gold 0.251 g/t and silver 551.5 g/t for a silver-equivalent of 566.6 g/t.
BP08-210 exhibited higher base metals than usual along a deep portion of the Martha Vein. This hole yielded a true thickness of 6.29 metres grading gold 0.661 g/t and silver 232.8 g/t for a silver-equivalent of 272.5 g/t, plus lead 2.04% and zinc 4.76%. Base metals are not used in determining silver-equivalent values for this project.
Gary Cope, President of Orko, adds, "We now have assay results that extend the strike length of the Martha Vein to over one kilometer. We continue to intercept the Martha Vein one kilometer further to the southeast but await assay results for this drilling. We are starting to receive data from the labs at a much faster pace and expect to report further drill results in the near future. Our drilling program is moving at a rapid pace with the rigs currently drilling hole 279. The Company has also begun a 5 hole diamond drilling program at its Santa Monica project to test initial geophysical and geochemical targets."
BP08-210
[table in following link]
http://biz.yahoo.com/ccn/080624/200806240470364001.html?.v=1
Orko Silver Hits 25.59 Metres Grading 222.3 g/t Silver-Equivalent on Martha Vein
Monday April 28, 8:00 am ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 28, 2008) - Orko Silver Corp. (TSX VENTURE:OK - News) 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.
Gary Cope, President of Orko, adds, "The Martha Vein continues to yield excellent grades across exceptionally wide intercepts. The strike length of the Martha structure is growing to the south east and current drilling is focused towards that direction. We are currently drilling holes 236-240 and we now have 85-90 holes drilled that were not in the last resource estimate. This, along with the significant intercepts from yet unnamed veins gives me cause for great optimism about the Company's future."
[CONTINUED IN FOLLOWING LINK]
http://biz.yahoo.com/ccn/080428/200804280457562001.html?.v=1
Orko Silver's Metallurgical Test Results Indicate Silver Recoveries Approaching 90%
Thursday April 17, 8:00 am ET
http://biz.yahoo.com/ccn/080417/200804170455484001.html?.v=1
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 17, 2008) - Orko Silver Corp. (TSX VENTURE:OK - News) is pleased to announce that it has received results from the first laboratory testing program to investigate the mineral processing characteristics of the La Preciosa silver deposit. The results indicate that metallurgical recovery of silver from the La Preciosa silver deposit will approach 90%.
Gary Hawthorn, P. Eng, President of Westcoast Mineral Testing Inc. adds, "These are the best silver recovery results that I've ever seen when utilizing the cyanidation process on Mexican silver deposits."
Orko provided 5 composites from drill core assay rejects to Westcoast Mineral Testing Inc. of North Vancouver, BC, from which a single master composite, grading a nominal 0.4 g/t Au and 300 g/t Ag was prepared.
Three cyanidation tests were then completed by Process Research Associates (PRA) of Richmond, BC. The first test determined that cyanidation is an effective processing option for this deposit. The next two tests evaluated cyanide concentration and grind. The cyanidation testing reported the following:
- A medium fine grinding is required to adequately expose the precious metals for cyanidation. The optimum has not yet been determined but it would appear to be about P80 equals 100 microns, or 70% passing 200 mesh.
- The tests also indicate that the optimum cyanide concentration will be in the range of 1 - 2 g/l. This is reflected by a cyanide consumption of about 2.3 kg/t.
- Under these conditions, 88% silver and 75% gold extractions can be expected.
- The data suggests that finer grinding will increase the silver recovery to approximately 90%.
Flotation concentration reported only 73.5% silver and 44.0% gold recovery from the master composite. The data from this single test indicated that flotation is unlikely to be a desirable processing option, so future testing will investigate only cyanidation.
This initial laboratory testing program has adequately defined the processing parameters for the submitted samples, so that the exploration program can proceed with the knowledge that the material can be processed in a conventional agitation cyanidation circuit.
The initial laboratory testing shows an improvement of 5% in silver recovery compared with historical data available from Luismin which indicated initial recoveries of 85% silver and 75% gold. Elsewhere in Mexico, other silver companies report recoveries of 50% - 90%, the La Preciosa results appear to be comparable with some of the better metallurgical recoveries reported.
As the exploration program advances, additional bench scale testing will be completed to determine the universality of these results and to evaluate other processing characteristics to confirm that the silver recovery will achieve 90% recovery or better.
The technical content of this news release has been prepared by Gary Hawthorn, P.Eng, an independent Qualified Person as defined by NI 43-101.
A printer friendly PDF format of this news release is available at the link below:
http://www.investorhub.ca/orkonews04172008.pdf
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. All are undergoing exploration.
ON BEHALF OF THE BOARD OF DIRECTORS
Gary Cope, President
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.
The TSX Venture Exchange has not reviewed and does not accept responsibility for this News Release.
Contact:
(604) 684-4691
Orko Silver Corp.
(604) 684-4601 (FAX)
Email: info@orkosilver.com
Website: www.orkosilver.com
--------------------------------------------------------------------------------
Source: Orko Silver Corp.
Orko Silver Hits 20.85 Metres Grading 458.3 g/t Silver-Equivalent on Martha Vein Including Over 3 Metres Grading Greater Than 1.5 Kilos
Monday March 31, 8:00 am ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 31, 2008) - Orko Silver Corp. (TSX VENTURE:OK - News) 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.
A deepening of hole BP06-71 was performed in late 2007, from 251 metres to a new depth of 533 metres, and the extended hole name was changed to BP06-71ext. The Martha Vein was intersected at a depth of 389.43 to 411.62 metres for a true width of 20.85 metres grading gold 0.414 g/t and silver 433.5 g/t, for a silver-equivalent of 458.3 g/t. Within this interval is a true width 3.05 metres grading gold 0.802 g/t and silver 1,547.4 g/t, for a silver equivalent of 1,595.5 g/t.
Hole BP06-71ext is located southeast of and adjacent to the area reported in the 43-101 compliant Resource Estimate (news release 01 October 2007) for the Martha Vein, thus will be included in the next estimate.
In addition, the extended holes BP06-74ext, BP06-70ext, BP06-64ext, BP06-62ext and BP06-60ext also intersected the Martha Vein (see tables below).
Gary Cope, President of Orko, adds, "We are obviously very pleased with the intercept reported in Hole 71ext and the impact it will have on our upcoming 43-101 compliant Resource Estimate. Moreover, drilling is continuing at a brisk pace at La Preciosa with all four rigs working at full capacity and Hole 220 is now underway. Even with the inclusion of all currently available assay results in the next Resource Estimate, the Company will have drilled over 70 holes that will not be included in the upcoming Resource Estimate. We are eagerly looking forward to reporting the next Resource Estimate and beyond that foresee a continued stream of assay results from on-going drilling at La Preciosa."
[remainder in following link]
http://biz.yahoo.com/ccn/080331/200803310451660001.html?.v=1
Orko Silver Increases Resource Estimate by 41% to 103.2 Million Ounces Silver Equivalent
Monday March 31, 11:46 am ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 31, 2008) - Orko Silver Corp. (TSX VENTURE:OK - News) is pleased to report that an updated NI 43-101 compliant mineral resource estimate has been completed on its La Preciosa Project in Durango, Mexico. The study concludes that work to date on the property has outlined an estimated Inferred Resource of 15.35 million tonnes grading 0.321 g/t Au and 190.0 g/t Ag at a cut-off grade of 100 g/t for a Silver-Equivalent grade of 209.2 g/t.
Contained metal in the Inferred Resource equals 2,915 million grams Ag (93.7 million oz Silver) and 4.92 million grams Au (158,000 oz Gold) for a silver-equivalent 3,211 million grams Ag-Eq (103.2 million oz Silver Equivalent). Silver-equivalent values reported in this Resource Estimate are determined by adding the silver grade to 60 times the gold grade. Metallurgical recoveries and net smelter returns are assumed to be 100%.
Table of Comparative Change between Resource Estimate IV (Oct 2007) and Resource Estimate V (March 2008)
[table included in following link]
http://biz.yahoo.com/ccn/080331/200803310451900001.html?.v=1
sumisu, I believe that this will continue to be a good producer, even before any digging starts. The bores are looking healthy and the latest results look great. Silver has been a favorite of mine for the last 4-5 years. People are all goo-goo over gold but if you run a gold/silver chart for the last 5 years, silver has kicked its butt. Thank you for posting the updates and I wish you well.
arbormon, just hope that it keeps burning either by itself or as an acquisition.
Long term silver will be an outstanding producer.
sumi
From all of the activity this week, I almost expected a buyout; maybe that is just around the corner.
sumi
Orko Silver Hits Massive Intercept on Martha Vein
Wednesday February 27, 8:00 am ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 27, 2008) - Orko Silver Corp. (TSX VENTURE:OK - News) 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.
A deepening of hole BP06-75 was performed in late 2007, from 250 metres to a new depth of 521 metres, and the extended hole name was changed to BP06-75ext. The Martha Vein was intersected at a depth of 351.22 to 393.42 metres for a true width of 39.66 metres grading gold 0.370 g/t and silver 235.2 g/t, for a silver-equivalent of 257.5 g/t.
Hole BP06-75ext is located southeast of and adjacent to the area reported in the 43-101 compliant Resource Estimate (news release 01 October 2007) for the Martha Vein, thus will be included in the next resource estimate.
Gary Cope, President of Orko, adds, "The massive intercept announced in the extension of Hole 75 is certainly amongst the best to date at La Preciosa. Also of particular interest is an unnamed intercept in Hole 147 over 3.82 metres true width grading 643.3 g/t silver-equivalent encountered approximately 140 metres below the Martha Vein. As this could be the discovery of a new vein, future drilling will be designed to further test this new development. The Company anticipates releasing its next 43-101 compliant resource estimate before the end of March 2008."
The following tables highlight results from drilling targeted to intercept the Martha Vein and other veins.
BP06-75ext
[continued in following link]
http://biz.yahoo.com/ccn/080227/200802270444740001.html?.v=1
silver,
Thanks for the heads up. I just added 1,400 shares @ A $1.71.
Seemed like a good discount today and should it go lower, I will buy more.
sumi
Everything is looking good to me, some much needed consolidation in gold and silver last couple days.
Orko Silver "buy," target price raised
Wednesday, January 16, 2008 10:45:02 AM ET
Research Capital
NEW YORK, January 16 (newratings.com) - Analysts at Research Capital maintain their "buy" rating on Orko Silver Corp (ticker: OG3). The 12-month target price has been raised from C$2.30 to C$2.65.
In a research note published this morning, the analysts mention that the recent drill results from the La Preciosa mine point towards a thinning of the zone to the northeast and continuation of the 6-15 metre zones towards the southeast. The silver resource at La Preciosa is in the initial stages of definition and the company would continue expansion of the resource to the southeast, the analysts say. The upward revision in the target price reflects the revision in the estimates for gold and silver prices, Research Capital adds.
http://www.newratings.com/analyst_news/article_1681311.html
Orko Silver Expands the Martha Vein to the Southeast at La Preciosa
Tuesday January 15, 8:00 am ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 15, 2008) - Orko Silver Corp. (TSX VENTURE:OK - News) is pleased to announce that it has received further assay results from the current diamond drilling program on La Preciosa Project in Durango, Mexico.
Additional drilling has extended the Martha Vein southeastward; including a thick mineralized zone 400 metres south of the area reported in the October 1st, 2007, 43-101 Compliant Resource Estimate.
Hole BP07-146 hit a true width of 15.15 metres grading gold 0.321 g/t, silver 141.7 g/t for a silver-equivalent of 160.9 g/t. It includes a higher grade core of 8.20 metres grading gold 0.519 g/t, silver 213.3 g/t for a silver-equivalent of 244.5 g/t. This hole expands the area previously reported with hole BP07-135, which yielded 16.55 metres of gold 0.363 g/t and silver 355.9 g/t for a silver equivalent of 377.7 g/t (see news release dated November 19th, 2007).
Gary Cope, President of Orko Silver, adds, "These results continue to demonstrate that the Martha Vein is a major developing story at La Preciosa. The grades combined with large widths are very encouraging for our next 43-101 Resource Estimate expected to be released at the end of the first quarter. We are also happy to report that the 2008 Exploration program is now fully operational with all 4 rigs drilling at La Preciosa."
The following holes highlight results from drilling targeted to intercept the Martha Vein and other veins.
BP07-146
[continued in following link]
http://biz.yahoo.com/ccn/080115/200801150436173001.html?.v=1
Glad you liked the charts.
Go Orko.
sumi
Orko Silver Provides Year End Summary and Update for 2008
Friday December 21, 8:00 am ET
http://biz.yahoo.com/ccn/071221/200712210433503001.html?.v=1
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 21, 2007) - Orko Silver Corp. (TSX VENTURE:OK - News) - The Company wishes to provide a year end summary and update of activities planned for 2008.
Calendar Year 2007 included a milestone event for Orko Silver with the discovery of the Martha Vein in Hole 77 announced on March 27th, 2007. The Company also managed to double the number of rigs drilling at its projects from 2 to 4. We also released two NI 43-101 compliant resource estimates during 2007. The most recent of which increased our resource at La Preciosa by 86% to 73.1 Million Silver-equivalent ounces of contained metal. The independently verified estimate, announced on October 1st, 2007, concluded that work to date on the property had outlined an estimated Inferred Resource of 10.36 million tonnes grading 0.328 g/t Au and 200.0 g/t Ag at a cut-off grade of 100 g/t for a Silver-Equivalent grade of 219.0 g/t. Silver-equivalent for the purposes of this resource estimate was defined as silver grade plus 60 times gold grade. Metallurgical recoveries and net smelter returns were assumed to be 100%.
The October 1st, 2007 resource estimate was based on data that included 120 holes drilled by Orko Silver at La Preciosa. To further our objective of increasing the resource at La Preciosa, we have since completed hole 167 and deepened another 8 previously drilled holes to further test the Martha Vein.
During Calendar Year 2007, Orko Silver managed to drill over 35,500 metres at La Preciosa bringing the total drilled at La Preciosa to date to over 73,000 metres. Orko Silver also completed an 8 hole program comprising of over 5300 metres of drilling at its contiguous San Juan Project, a joint venture with Silver Standard Resources Inc.
The Company has now completed its drill program for Calendar Year 2007 with all 4 drill rigs currently undergoing yearly maintenance overhauls. Two of the rigs will resume drilling in the first week of January with the other 2 to follow in the second week of the month. The geological team at La Preciosa will continue to work into next year with the usual holiday season breaks with a goal towards mobilizing to full capacity during the first week of January 2008.
The Company remains extremely optimistic about its future prospects and its progress at La Preciosa as it awaits assay results from drilling completed during 2007. For 2008, we intend to vigorously continue our drilling program at La Preciosa with a focus towards expanding our resource based on the Martha Vein and other drill targets. The Company also began the interpretation of geophysical data recently received on its contiguous Santa Monica Project, a joint venture with Goldcorp, Inc. The Company hopes to begin a drill program at Santa Monica in the New Year.
A printer friendly PDF format of this news release is available at the link below:
http://www.investorhub.ca/orkonews.pdf
George Cavey, 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
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. All are undergoing exploration.
ON BEHALF OF THE BOARD OF DIRECTORS
George Cavey, Vice-President Exploration
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.
The TSX Venture Exchange has not reviewed and does not accept responsibility for this News Release.
Contact:
(604) 684-4691
Orko Silver Corp.
(604) 684-4601 (FAX)
Email: info@orkosilver.com
Website: http://www.orkosilver.com
--------------------------------------------------------------------------------
Source: Orko Silver Corp.
Thank you for posting the report. I like the LT debt line and that thye are good on working capt. till 08. Again thanx.
FUNDAMENTAL RESEARCH CORP.
November 23, 2007
http://www.researchfrc.com/research/pdf/orko/OK%20Update%20November%2021%202007.pdf
WOW. "The discovery of Martha and the newly available drilling data suggests that we are onto a deposit of much larger scale and scope than had originally been conceived."
I thought it was decent size before.
Orko Silver Hits 16.55 Metres Grading 377.7 g/t Silver-Equivalent on Martha Vein
Monday November 19, 8:00 am ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 19, 2007) - Orko Silver Corp. (TSX VENTURE:OK - News) is pleased to announce that it has received further assay results from the current diamond drilling program on La Preciosa Project in Durango, Mexico.
Ten more drill holes have extended the Martha Vein structure from the previously reported Inferred Resource Estimate area (see news release 01 October 2007), of which seven exceed 5 metres true width, illustrating the continuity of this major structure. Hole BP07-135 hit a true width of 16.55 metres grading gold 0.363 g/t, silver 355.9 g/t for a silver-equivalent of 377.7 g/t.
Gary Cope, President of Orko, adds, "Since the last resource estimate that included holes to BP07-120, the focus of the ongoing drilling program has been to drill test the Martha Vein both to the east and to the south of the previously defined area of Martha Vein resource reported in the Oct 1 resource estimate (see news release Oct 1, 2007 for details). To date the company has drilled approximately 35 holes further testing the extent of the Martha Vein which now has been intercepted continuously in numerous holes up to a further kilometer south and east of the holes that contain the Martha Vein mineral resource estimate. The Martha Vein is an encouraging structure, varying in thickness but consistent in predictability as the drills move east and south of the previous Martha resource estimates. Grades for many of the Martha vein holes recently drilled are unknown and will be released as the company receives the results of the sampling.
The discovery of Martha and the newly available drilling data suggests that we are onto a deposit of much larger scale and scope than had originally been conceived. To that end, we are focusing our attention and resources on drill testing the Martha Vein more aggressively. We are proud of what our team has accomplished at La Preciosa and are excited about the prospect of releasing more drill results. We look forward to releasing new resource estimate in Q1 2008."
The following holes highlight results from drilling targeted to intercept the Martha Vein and other veins.
BP07-135
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http://biz.yahoo.com/ccn/071119/200711190426429001.html?.v=1
With all thats going on Im suprised how quite it is here. One eighty some odd off from a run over two. One year chart is nice. GLTA
Orko Silver's Drilling Increases Width of Abundancia Vein and Includes Multiple High Grade Hits in Luz Elena and Esperancita Veins
VANCOUVER, BRITISH COLUMBIA, Feb 14, 2007 (CCNMatthews via COMTEX News Network) --
Orko Silver Corp. (TSX VENTURE:OK) is pleased to announce that it has received further assay results from the Phase-IV diamond drilling in the "Mina La Preciosa" sector on its La Preciosa Project in Durango, Mexico.
Of particular note is the substantial width of the Abundancia Vein intersected in hole BP06-61. It yielded 10.24 metres true width grading gold 0.233 g/t and silver 209.7 g/t for a silver-equivalent grade of 223.7 g/t. This intersect is represented by 23 individual samples, of which 14 samples exceeded silver 100 g/t and one sample of 0.20 metres length graded gold 0.164 g/t and silver 1,050.0 g/t for a silver-equivalent of 1,059.7 g/t.
Luz Elena Vein, a sub-parallel vein below Abundancia, was also intersected several times, including its greatest thickness to date in hole BP06-62 at 6.79 metres true width grading gold 0.233 g/t and silver 150.9 g/t for a silver-equivalent of 164.8 g/t.
Esperancita Vein, an east-west transversal type structure, was intersected obliquely in hole BP06-60 at 0.85 metres true thickness grading gold 0.398 g/t and silver 497.4 g/t for a silver-equivalent of 521.3 g/t. This included a 0.29 metre intercept of gold 0.851 g/t and silver 1,237.2 g/t for a silver equivalent of 1,288.3 g/t.
Quality Control work revealed that the silver grades previously reported for the Abundancia Vein in the upper portion of hole BP06-60 were understated by 30% (news release 18 January 2007). The retesting revealed that the quoted intersect is 2.48 metres true thickness grading gold 0.356 g/t and silver 207.2 g/t for a silver-equivalent of 228.5 g/t. Alternatively, it can be extended to 4.44 metres true thickness of gold 0.225 g/t and silver 158.1 g/t for a silver-equivalent of 171.6 g/t.
Gary Cope, President of Orko, adds, "These results show a significant widening of both Abundancia and Luz Elena veins. They will be added to our next resource estimate which we anticipate releasing by the end of Q1 2007. Of particular interest will be the addition of the Luz Elena vein to the next resource estimate. In our last resource estimate, the Luz Elena vein was not included because we did not have sufficient drilling data that intersected the vein. We are very encouraged by these results as we continue to strive to meet our minimum target of 100 Million silver-equivalent ounces at La Preciosa."
"I am also pleased to announce that we have begun to receive assays from our initial surface sampling of rocks and soils from our Santa Monica joint venture with Goldcorp, Inc. We are compiling the results and anticipate reporting them in the near future."
MINA LA PRECIOSA SECTOR
A program designed to test the Luz Elena vein in the "Mina La Preciosa" sector confirms that it is a significant silver-gold vein located beneath the Abundancia vein. Hole BP06-60 passed through the Abundancia vein and into the Luz Elena vein, plus a thinner mineralized vein footwall to Luz Elena. Multiple thinner veins were hit before the hole reached oblique intercepts of Esperancita and Carmen Veins. This hole is located on section mine-grid 15,200 N.
BP06-60
------------------------------------------------------------------------- From To True Au Ag Ag-EqVein (metres) (metres) Length Width (g/t) (g/t) (g/t)--------------------------------------------------------------------------------------------------------------------------------------------------Abundancia 14.65 19.55 4.90 4.44 0.225 158.1 171.6------------------------------------------------------------------------- Includes 16.81 19.55 2.74 2.48 0.356 207.2 228.5------------------------------------------------------------------------- Includes 18.35 19.55 1.20 1.09 0.670 302.5 342.7--------------------------------------------------------------------------------------------------------------------------------------------------Luz Elena 221.95 224.80 2.85 2.68 0.188 168.2 179.5------------------------------------------------------------------------- Includes 223.05 224.80 1.75 1.64 0.213 222.8 235.6------------------------------------------------------------------------- Includes 223.05 223.58 0.53 0.50 0.268 367.5 383.5--------------------------------------------------------------------------------------------------------------------------------------------------Unnamed 229.15 230.15 1.00 0.94 0.543 144.6 177.1------------------------------------------------------------------------- Includes 229.15 229.75 0.70 0.66 0.750 195.6 240.6------------------------------------------------------------------------- Includes 229.15 229.65 0.50 0.47 1.010 238.0 298.6--------------------------------------------------------------------------------------------------------------------------------------------------Unnamed 285.54 285.89 0.35 0.33 0.638 251.0 289.3--------------------------------------------------------------------------------------------------------------------------------------------------Unnamed 326.42 327.05 0.63 0.59 0.185 114.7 125.8--------------------------------------------------------------------------------------------------------------------------------------------------Esperancita 334.90 336.60 1.70 0.85 0.398 497.4 521.3------------------------------------------------------------------------- Includes 335.40 336.60 1.20 0.60 0.540 699.5 731.9------------------------------------------------------------------------- Includes 335.70 336.28 0.58 0.29 0.851 1,237.2 1,288.3--------------------------------------------------------------------------------------------------------------------------------------------------Carmen 347.51 348.37 0.86 0.43 0.137 137.8 146.0-------------------------------------------------------------------------
Hole BP06-61 is located on section mine-grid 15,300 N, 100 metres north of BP06-60. It intersected obliquely the Esperancita Vein before reaching a major intercept of Abundancia Vein, multiple smaller veins in the footwall of Abundancia and finally the Luz Elena Vein.
BP06-61
------------------------------------------------------------------------- From To True Au Ag Ag-EqVein (metres) (metres) Length Width (g/t) (g/t) (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------------------------------------------------------------------------- Includes 110.15 110.90 0.75 0.74 0.983 574.0 633.0--------------------------------------------------------------------------------------------------------------------------------------------------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 163.05 164.85 1.80 1.69 0.077 84.7 89.4------------------------------------------------------------------------- Includes 163.05 163.64 0.59 0.55 0.104 174.9 181.2--------------------------------------------------------------------------------------------------------------------------------------------------Unnamed 182.29 183.19 0.90 0.85 0.182 110.1 121.0--------------------------------------------------------------------------------------------------------------------------------------------------Luz Elena 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-------------------------------------------------------------------------
Hole BP06-62 was drilled east of the outcropping Abundancia Vein, on section mine-grid 15,200 N, to test the underlying Luz Elena Vein.
BP06-62
------------------------------------------------------------------------- From To True Au Ag Ag-EqVein (metres) (metres) Length Width (g/t) (g/t) (g/t)--------------------------------------------------------------------------------------------------------------------------------------------------Luz Elena 168.78 177.14 8.36 7.73 0.211 133.2 145.9------------------------------------------------------------------------- Includes 168.78 176.01 7.23 6.79 0.233 150.8 164.8------------------------------------------------------------------------- Includes 171.76 175.11 3.35 3.15 0.329 268.9 288.6--------------------------------------------------------------------------------------------------------------------------------------------------Unnamed 191.12 192.89 1.68 1.58 0.073 56.4 60.8------------------------------------------------------------------------- Includes 191.91 192.44 0.53 0.50 0.118 106.0 113.1--------------------------------------------------------------------------------------------------------------------------------------------------Unnamed 208.90 209.15 0.25 0.23 0.134 205.0 213.0--------------------------------------------------------------------------------------------------------------------------------------------------Unnamed 216.94 217.64 0.70 0.66 0.098 279.0 284.9-------------------------------------------------------------------------
Ben Whiting, P.Geo., is the Qualified Person and takes responsibility for the technical disclosure in this news release. The samples are prepared in Durango, Mexico, by SGS Laboratories and shipped to the SGS laboratory in Toronto, Canada, for analyses. The Company maintains a diligent QA/QC program using prepared standards. 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%.
A detailed drill plan map is available at the link below:
http://www.orkosilver.com/i/pdf/drillplanmap.pdf
About Orko Silver Corp.
Orko Silver Corp. is an aggressive 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 2 rigs working 24 hours a day, 7 days a week. The deposit remains open in all directions and to depth.
ON BEHALF OF THE BOARD OF DIRECTORS
Gary Cope, President
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.
SOURCE: Orko Silver Corp.
Orko Silver Corp. (604) 684-4691 (604) 684-4601 (FAX) Email: info@orkosilver.com Website: www.orkosilver.com
Copyright (C) 2007 CCNMatthews. All rights reserved.
Orko Silver Hits Highest Grade Gold Intersection at La Preciosa
Thursday January 18, 8:30 am ET
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 18, 2007) - Orko Silver Corp. (TSX VENTURE:OK - News) is pleased to announce that it has received further assay results from the Phase-IV diamond drilling in the "Zona Sur", "El Orito", "Mina La Preciosa" and "Cerro El Venado" sectors on La Preciosa Project in Durango, Mexico.
ADVERTISEMENT
La Preciosa is well known as a silver project, but gold makes a significant contribution. The first hole drilled in the "El Orito" sector, located 3.4 kilometres south of the portal at La Preciosa and along the same structural trend, yielded a 0.6 m sample containing 67.4 g/t gold and 42.7 g/t silver. This equates to a gold-equivalent of 68.1 g/t (2.0 oz/ton), or a silver-equivalent of 4,086.7 g/t (119.2 oz/ton), and represents the highest gold value ever obtained at La Preciosa. The previous highest gold value was 23.0 g/t.
In addition, testing of the Luz Elena vein in the "Mina La Preciosa" sector is underway, with hole BP06-60 adding another intercept meeting required width and grade criteria (1.5 metres true width at 150 g/t silver-equivalent). A down-dropped block of the Abundancia Vein on the western side of "Zona Sur" has been located and in the "Cerro El Venado" sector, silver-bearing veins have been hit starting 200 metres south of the "Zona Sur", including the first intercept on the Ramal Sur vein.
Gary Cope, President of Orko, adds: "I am very excited about the bonanza grade gold intercept at El Orito. I am also encouraged by the continuing high grade silver intercepts on other areas of the property on both known and newly discovered veins. We anticipate reporting a New Resource Estimate during the first quarter of 2007. As of December 15th, the drills were setup for holes BP06-90 and BP06-91. Total drilling to date on La Preciosa stands at 42,294 metres (a little over 42 kilometres). Drilling has taken place in six sectors (Mina La Preciosa, La Preciosa Norte, Zona Sur, Zona Oriente, Cerro El Venado and Mina El Orito). After a short break for Christmas holidays and maintenance downtime, I am pleased to announce both rigs have resumed drilling at La Preciosa."
EL ORITO SECTOR
The "El Orito" sector on the southern part of La Preciosa is host to the El Orito vein, which is along the same structural trend as La Preciosa, but exhibits mineralogical differences in veining styles. The first hole to test the El Orito vein hit three auriferous zones. True thicknesses are approximate at this stage of examination for El Orito.
BO-06-01
True
Width Width
Hole From To (m) (m) Au(g/t) Ag(g/t) Ag-Eq(g/t)
-----------------------------------------------------------------------
Unnamed 57.99 58.59 0.60 0.56 0.993 8.2 64.2
El Orito 73.57 76.06 2.49 2.34 16.290 14.6 992.3
Includes 75.08 76.06 0.98 0.92 41.284 28.0 2,505.1
Includes 75.46 76.06 0.60 0.56 67.400 42.7 4,086.7
Unnamed 153.77 155.90 2.13 2.00 0.321 4.1 23.3
Includes 187.30 187.88 0.58 0.55 0.647 3.9 42.7
MINA LA PRECIOSA SECTOR
A program designed to test the Luz Elena vein in the "Mina La Preciosa" sector confirms that it is a significant silver-gold vein located beneath the Abundancia vein. Hole BP06-60 passes through the Abundancia vein and into the Luz Elena vein, plus a thinner mineralized vein footwall to Luz Elena. This hole is located high on La Preciosa Ridge, on section mine-grid 15,200 N, east of previously reported holes BP05-03, 04 and 07.
BP06-60
True
Width Width
Hole From To (m) (m) Au(g/t) Ag(g/t) Ag-Eq(g/t)
-----------------------------------------------------------------------
Abundancia 16.81 19.55 2.74 2.70 0.356 148.7 170.1
Includes 17.41 19.55 2.14 2.10 0.425 163.4 188.8
Includes 18.35 19.55 1.20 1.18 0.670 224.5 264.7
Luz Elena 221.95 224.80 2.85 2.68 0.188 168.2 179.5
Includes 223.05 224.80 1.75 1.64 0.213 222.8 235.6
Includes 223.05 223.58 0.53 0.50 0.268 367.5 383.5
Unnamed 229.15 230.15 1.00 0.94 0.543 144.6 177.1
Includes 229.15 229.85 0.70 0.66 0.750 195.6 240.6
Includes 229.15 229.65 0.50 0.47 1.010 238.0 298.6
ZONA SUR - DEEPS
On the western side of "Zona Sur" sector, in a down-dropped block, are holes BP06-44 and BP06-48. Mineralization was intercepted at a deeper level than expected. The criteria for inclusion in an ore-shoot, greater than or equal to 1.5 metres at 150 g/t Ag-Eq was met in hole BP06-44.
Hole BP06-44 is located in the "Zona Sur - Deeps" west of BP05-30 and BP06-33 on mine grid section 14,400 N.
BP06-44
True
Width Width
Hole From To (m) (m) Au(g/t) Ag(g/t) Ag-Eq(g/t)
-----------------------------------------------------------------------
Ab-Deeps 425.20 430.31 5.11 4.80 0.266 96.1 112.1
Includes 426.64 429.56 2.92 2.74 0.362 143.9 165.7
Includes 427.29 429.56 2.27 2.13 0.252 167.3 182.5
Hole BP06-48 is located in the "Zona Sur - Deeps", 100 metres south of hole BP06-44, and west of hole BP06-35, on mine section 14,300 N.
BP06-48
True
Width Width
Hole From To (m) (m) Au(g/t) Ag(g/t) Ag-Eq(g/t)
-----------------------------------------------------------------------
Ab-Deeps 450.67 451.71 1.04 1.02 0.387 199.0 222.2
Includes 450.67 451.47 0.80 0.79 0.468 246.0 274.1
THE GAP
Between the "Zona Sur" sector and the "Cerro El Venado" sector there is a depression on the ridge. Holes drilled in this area do not yield strong veins, nor significant mineralization. This area is being called "The Gap". Holes in "The Gap" include BP06-39, 40, 41, 43, 51, and 53.
CERRO EL VENADO SECTOR
Hole BP06-42 was the first hole drilled south of "The Gap" in an area called the "Cerro El Venado" sector. Hole BP06-42 is located 200 metres south of previously reported BP06-37. It includes an intersection meeting the defined ore-shoot requirement. Hole BP06-42 is located on mine section 14,100 N.
BP06-42
True
Width Width
Hole From To (m) (m) Au(g/t) Ag(g/t) Ag-Eq(g/t)
-----------------------------------------------------------------------
Unnamed 2.25 2.75 0.50 0.48 0.019 191.5 192.6
Abundancia 108.43 110.61 2.18 2.15 0.356 135.9 157.3
Includes 108.43 109.62 1.19 1.17 0.605 220.0 256.3
Unnamed 137.88 139.33 1.45 1.26 0.127 73.2 80.8
Includes 137.88 138.33 0.45 0.39 0.275 202.0 218.5
Luz Elena 267.54 268.10 0.56 0.24 0.110 120.0 126.6
Veta Sur 367.81 368.95 1.14 1.03 0.182 142.0 152.9
Includes 368.42 368.70 0.28 0.25 0.580 500.0 534.8
Also in the "Cerro El Venado" sector are holes BP06-50 and BP06-52, containing significantly higher base metal values.
Hole BP06-50 is located 100 metres south of BP06-42, on mine section 14,000 N. While being only anomalous in silver, this intersection also yielded 0.50% Pb and 0.50% Zn for the main interval, and 1.17% Pb and 1.37% Zn for the sub-interval.
BP06-50
True
Width Width
Hole From To (m) (m) Au(g/t) Ag(g/t) Ag-Eq(g/t)
-----------------------------------------------------------------------
Abundancia 111.44 113.16 1.72 1.62 0.028 19.8 21.5
Includes 111.64 112.16 0.52 0.49 0.052 44.0 47.1
Hole BP06-52 is located 100 metres south of BP06-50, on mine section 13,900 N. Most notable in the Luz Elena (second intersection) is the high lead content. This interval yielded 7.67% Pb, with the sub-intervals yielding 20.15% Pb and 37.41% Pb respectively.
BP06-52
True
Width Width
Hole From To (m) (m) Au(g/t) Ag(g/t) Ag-Eq(g/t)
-----------------------------------------------------------------------
Abundancia 94.80 96.41 1.61 1.51 0.086 101.3 106.4
Includes 94.80 95.59 0.79 0.74 0.125 177.3 184.8
Includes 95.21 95.59 0.38 0.36 0.201 296.0 308.1
Luz Elena 235.79 237.57 1.78 1.67 0.038 122.0 124.2
Includes 235.79 236.46 0.67 0.63 0.085 295.8 301.0
Includes 236.10 236.46 0.36 0.34 0.146 543.3 552.1
Hole BP06-55 is located near the boundary between "The Gap" and "Cerro El Venado" sector. It is an easterly oriented hole which intersected an anomalous vein in the upper portions of the hole.
BP06-55
True
Width Width
Hole From To (m) (m) Au(g/t) Ag(g/t) Ag-Eq(g/t)
-----------------------------------------------------------------------
Unnamed 39.04 40.84 1.80 1.69 0.015 53.3 54.2
Includes 40.32 40.84 0.52 0.49 0.030 81.7 83.5
The first intercept in Ramal Sur vein to exceed the defined ore-shoot grade and thickness requirements was hit in hole BP06-58. This is an encouraging development for this newly tested vein. Hole BP06-58 is oriented southeasterly azimuth 145 degrees dip -45 degrees to intersect the Ramal Sur vein.
BP06-58
True
Width Width
Hole From To (m) (m) Au(g/t) Ag(g/t) Ag-Eq(g/t)
-----------------------------------------------------------------------
Ramal Sur 28.36 31.36 3.00 2.95 0.218 114.5 127.6
Includes 28.36 30.16 1.80 1.77 0.339 165.4 185.8
Includes 28.36 29.56 1.20 1.18 0.486 235.8 265.0
A drill plan map providing drill hole locations and sector definitions is available in PDF format at:
http://www.orkosilver.com/i/pdf/drillplanmap.pdf
Ben Whiting, P.Geo., is the Qualified Person and takes responsibility for the technical disclosure in this news release. The samples are prepared in Durango, Mexico, by SGS Laboratories and shipped to the SGS laboratory in Toronto, Canada, for analyses. The Company maintains a diligent QA/QC program using prepared standards. Silver-equivalent for the purposes of this drilling program is defined as silver grade plus 60 times gold grade, with no provisions made for relative recovery rates.
About Orko Silver Corp.
Orko Silver Corp. is an aggressive 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 2 rigs working 24 hours a day, 7 days a week. The deposit remains open in all directions and to depth.
ON BEHALF OF THE BOARD OF DIRECTORS
Gary Cope, President
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.
The TSX Venture Exchange has not reviewed and does not accept responsibility for this News Release.
Contact:
(604) 684-4691
Orko Silver Corp.
(604) 684-4601 (FAX)
Email: info@orkosilver.com
Website: www.orkosilver.com
--------------------------------------------------------------------------------
Source: Orko Silver Corp.
It appears that volume may be picking up. Recent drill results sound promising as well. Hmm
Orko Silver Corp.: Drilling at La Preciosa Confirms Mineralization at Depth
6/7/2006
VANCOUVER, BRITISH COLUMBIA, Jun 7, 2006 (CCNMatthews via COMTEX News Network) --
Orko Silver Corp. - (TSX VENTURE:OK) is pleased to announce that results from three deep drill holes have confirmed that the Abundancia Vein structure continues at depth. These holes were designed to target the vein beneath the previously announced Inferred Resource Area (see news release dated 19 January 2006). The holes, each exceeding 600 metres in length, intersected both the Abundancia and Luz Elena Veins.
As described in the Technical Report, silver and gold mineralization occurs in ore-shoots in the vein structures. Hole BP06-34 intersected the Abundancia Vein in ore-shoot A-2 at a vertical depth of 340 metres, yielding 1.61 metres true thickness grading gold 1.653 g/t and silver 61.9 g/t for a silver-equivalent of 161.1 g/t. The down-dip depth on this vein is 640 metres from the surface outcrop. Base metal values are increasing, yielding Pb 1.01%, Zn 0.95% and Cu 0.55%.
Also, hole BP06-34 contains an intersection of the Luz Elena Vein of 1.81 metres true thickness grading gold 0.219 g/t and silver 138.4 g/t for a silver-equivalent of 151.6 g/t, plus Pb 1.15%, Zn 0.83% and Cu 0.19%. Luz Elena occurs at a vertical depth of 400 metres and a down-dip depth of 720 metres.
BP06-34 TrueVein From To Width Width Au Ag Ag-Eq Pb Zn Cu (m) (m) (g/t) (g/t) (g/t) (%) (%) (%)-----------------------------------------------------------------------Abundancia 408.97 411.54 2.57 2.53 1.067 40.8 104.8 0.68 0.71 0.35 Includes 409.91 411.54 1.63 1.61 1.653 61.9 161.1 1.01 0.95 0.55 Includes 410.31 411.54 1.23 1.21 2.186 81.6 212.7 1.31 1.12 0.72Luz Elena 471.19 473.12 1.93 1.81 0.219 138.4 151.6 1.15 0.83 0.19 Includes 471.19 472.39 1.20 1.13 0.146 200.5 209.3 1.39 0.79 0.29 Includes 471.47 472.09 0.62 0.58 0.152 324.4 351.6 1.48 0.66 0.54
Hole BP05-31 intersected the Abundancia Vein between ore-shoots A-2 and A-3 and contains mineralized sections, but below ore-grade.
BP05-31 TrueVein From To Width Width Au Ag Ag-Eq Pb Zn Cu (m) (m) (g/t) (g/t) (g/t) (%) (%) (%)-----------------------------------------------------------------------Abundancia 356.63 358.34 1.71 1.61 0.145 66.9 75.6 0.17 0.24 0.02 Includes 357.46 357.82 0.36 0.34 0.475 298.0 326.5 0.48 0.64 0.07Luz Elena 466.42 473.55 7.13 6.70 0.105 25.1 31.4 0.27 0.32 0.01 Includes 466.42 468.17 1.75 1.64 0.099 34.1 40.0 0.34 0.18 0.01
Hole BP06-36 intersected the Abundancia Vein between ore-shoots A-1 and A-2 and also contains mineralized intersections but below ore-grade.
BP06-36 TrueVein From To Width Width Au Ag Ag-Eq Pb Zn Cu (m) (m) (g/t) (g/t) (g/t) (%) (%) (%)-----------------------------------------------------------------------Abundancia 353.20 355.99 2.79 2.79 0.112 54.6 61.3 0.09 0.21 0.01 Includes 353.91 355.60 1.69 1.69 0.094 82.2 87.9 0.08 0.15 0.01 Includes 353.91 354.11 0.20 0.20 0.288 610.0 627.3 0.54 1.21 0.07Unnamed 538.54 541.02 2.48 2.48 0.075 48.2 52.7 0.31 0.60 0.07 Includes 538.54 539.16 0.62 0.62 0.166 107.3 117.3 0.82 0.04 0.21 Includes 538.76 538.98 0.20 0.20 0.281 288.0 304.9 2.42 0.04 0.61
In addition, testing of earlier drilling results during QA/QC examination has revealed that the results for hole BP05-07 were previously understated (see news release 12 July 2005). The Company is pleased to announce that Hole BP05-07 intersected the Abundancia Vein in ore-shoot A-2 and yielded the following very high-grade results.
BP05-07 TrueVein From To Width Width Au Ag Ag-Eq Pb Zn Cu (m) (m) (g/t) (g/t) (g/t) (%) (%) (%)-----------------------------------------------------------------------Abundancia 225.67 240.66 14.99 14.76 0.488 167.9 197.2 0.02 0.06 0.02 Includes 225.67 228.56 2.89 2.85 1.908 744.1 858.6 0.02 0.03 0.02 Includes 227.67 228.56 0.89 0.88 5.351 1910.0 2231.1 0.05 1.05 0.04
In examining metal ratios for the Abundancia Vein in ore shoot A-2, a trend of increasing gold to silver ratio with depth has been identified. This is coincident with a general increase in base metal values.
Gary Cope, President of Orko, adds, "We are very pleased that these results extend the A-2 ore shoot further to depth by 150 metres. Though successful, these results represent only a limited initial 3-hole program to test mineralization at depth in the area of the Company's Initial Resource Estimate. More drilling is definitely warranted. The Company is currently drilling a 10,000 metre Phase 4 program utilizing 2 drill rigs 24 hours a day, 7 days a week. The Company anticipates completing a New Resource Estimate shortly."
Ben Whiting P.Geo., is a Qualified Person and takes responsibility for the technical disclosure in this news release. The samples are prepared in Durango, Mexico by SGS Laboratories and shipped to the SGS laboratory in Toronto, Canada for analysis. The Company maintains a diligent QA/QC program using prepared standards.
About Orko Silver
Orko Silver Corp. is an aggressive 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. An independently verified NI-43-101 compliant Initial Inferred Mineral Resource Estimate, announced January 19, 2006, concluded that the property contains an Inferred Resource of 2.72 million tonnes grading 0.463 grams of gold per tonne (g/t) and 227.2 grams of silver per tonne (g/t) for a silver-equivalent grade of 255.0 g/t. Contained metal in the Inferred Resource equals 19.9 million ounces of silver and 40,400 ounces of gold for a silver-equivalent of 22.3 million ounces of silver using a 60 to 1 silver/gold ratio with no provisions for relative anticipated recovery rates. Less than 30% of the initial target has been drilled along strike and only to a true depth of 340 metres. The deposit remains open in all directions and to depth.
ON BEHALF OF THE BOARD OF DIRECTORS
Gary Cope, President
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.
SOURCE: Orko Silver Corp.
Orko Silver Corp. (604) 684-4691 (604) 684-4601 (FAX) info@orkosilver.com www.orkosilver.com
Copyright (C) 2006 CCNMatthews. All rights reserved.
Orko Silver's Assays Expand New Zone South of Resource Estimate Area
Wednesday May 3, 8:00 am ET
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 3, 2006) - Orko Silver Corp. (TSX VENTURE:OK - News) is pleased to announce that it has received further results from drilling at its La Preciosa project. The Abundancia Vein in Zona Sur has been extended another 150 metres further south of the previously reported diamond drill hole BP05-28, which contained 5.5 m of 532.4 Ag-Eq g/t (see news release dated March 21, 2006).
BP06-33
True
Width Width Au Ag Ag-Eq
Vein From To (m) (m) (g/t) (g/t) (g/t)
--------------------------------------------------------------------
Abundancia 85.98 89.34 3.34 2.91 0.179 289.4 300.1
Includes 85.98 87.84 1.84 1.61 0.295 498.1 515.8
Includes 85.98 87.34 1.34 1.18 0.390 670.0 693.4Luz Elena 160.18 162.03 1.85 1.60 0.031 287.0 288.9
Includes 161.18 162.03 0.85 0.74 0.047 593.5 596.4
Includes 161.53 162.03 0.50 0.43 0.072 950.0 954.3BP05-29
True
Width Width Au Ag Ag-Eq
Vein From To (m) (m) (g/t) (g/t) (g/t)
--------------------------------------------------------------------
Abundancia 38.50 49.31 10.81 10.16 0.047 113.8 116.6
Includes 38.50 40.71 2.21 2.08 0.152 291.1 300.3BP05-30
True
Width Width Au Ag Ag-Eq
Vein From To (m) (m) (g/t) (g/t) (g/t)
--------------------------------------------------------------------
Abundancia 143.06 146.49 3.43 2.97 0.104 119.3 125.5
Includes 143.32 145.51 2.19 1.90 0.115 147.0 153.9BP05-32
True
Width Width Au Ag Ag-Eq
Vein From To (m) (m) (g/t) (g/t) (g/t)
--------------------------------------------------------------------
Transversal 158.70 163.82 5.12 4.81 0.205 55.1 67.4
Includes 158.70 159.50 0.80 0.75 0.075 100.0 104.4Unnamed 174.54 175.54 1.00 0.86 0.117 1,180.0 1,187.0
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Issued: 94,952,966 Warrants: 4,423,500 Options: 13,934,000 Fully diluted: 113,310,466Working Capital $8,100,000 Cash upon Dilution $21,300,000 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ WEB SITE http://www.orkosilver.com/s/Home.asp ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ORKO SILVER CORP. FILINGS & PUBLIC DOCUMENTS with SEDAR http://www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00007626 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ DUE DILIGENCE FUNDAMENTAL RESEARCH CORP., November 23, 2007 http://www.researchfrc.com/research/pdf/orko/OK%20Update%20November%2021%202007.pdf ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ CHART OF OK.V source of chart: dumbas ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ OTHER CHARTS
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