InvestorsHub Logo
Followers 439
Posts 18663
Boards Moderated 0
Alias Born 09/10/2000

Re: None

Wednesday, 02/14/2007 10:33:41 AM

Wednesday, February 14, 2007 10:33:41 AM

Post# of 53
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.

There is no substitute for conducting your own research

Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.