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| July 22, 2008 Orko Silver Reports Multiple Hits into Martha Vein at La Preciosa | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
VANCOUVER, British Columbia - Orko Silver Corp. (TSX.V - OK) is pleased to announce that it has received further assay results from its on-going diamond drilling program at La Preciosa Project in Durango, Mexico. Of particular note in this release for the Martha Vein is hole BP08-212A, which yielded a true thickness of 8.16 metres grading gold 0.184 g/t and silver 247.9 g/t for a silver-equivalent of 258.9 g/t. Also, hole BP08-192 yielded 2.98 metres grading gold 0.435 g/t and silver 556.3 g/t for a silver-equivalent of 583.4 g/t. Gary Cope, President of Orko, adds, "We are very pleased with this set of drill results and the overall success of our drilling program. Expanding the Martha Vein along strike and at depth is the focus of the current drilling program. The Martha Vein is relatively flat lying, averages 10m in true widths and is dipping an average of 20 degrees to the west. To date, the Martha Vein has been drill tested over a length of approximately two kilometers in a north-south direction and 800 metres in an east-west direction. The company's technical team sees the potential of an additional 3 kilometers of length for the Martha Vein structure to the south-east. The latest resource estimate includes the results of 51 Martha drill holes which accounted for 56% of the overall resource (see News Release dated March 31, 2008). All of the over 130 holes not in the latest resource estimate have intercepted the Martha Vein structure. We look forward to releasing further results in the near future." BP08-213A
Hole BP08-213A is located east of La Preciosa Ridge on mine section 14,700 N, between holes BP08-214 and BP08-208. It is oriented azimuth 090, dip -75 degrees. Martha vein is a strong structure adjacent to the conglomerate / schist contact. Lead and zinc are elevated in the Martha vein at 0.35 % and 1.22 % respectively for the 13.18 metre intercept and 0.73 % and 3.02 % respectively for the 4.58 metre intercept. BP08-212A
Hole BP08-212A is located east of La Preciosa Ridge on mine section 14,700 N, between holes BP08-208 and BP08-220. It is oriented azimuth 090, dip -75 degrees. Martha vein is a strong structure adjacent to the andesite / conglomerate contact. BP08-211
Hole BP08-211 is located east of La Preciosa Ridge on mine section 14,600 N, 100 metres east of BP08-210 and 100 metres west of BP08-216. It is oriented azimuth 090, dip -75 degrees. Martha vein is a strong structure adjacent to the conglomerate schist contact. Lead and zinc are elevated in the Martha vein at 0.78 % and 1.30 % respectively for the 8.58 metre intercept. Transversal vein is an oblique intercept with low grade. BP08-192
Hole BP08-192 is located east of La Preciosa Ridge on mine section 14,800 N. It is oriented azimuth 090, dip -50 degrees, 100 metres east of holes BP08-188. Martha vein is a structure along the andesite / conglomerate contact. BP08-188
Hole BP08-188 is located east of La Preciosa Ridge on mine section 14,800 N. It is oriented azimuth 090, dip -50 degrees, between holes BP08-179 and BP08-192. Martha vein is a structure mainly in andesite near the conglomerate contact. BP08-187
Hole BP08-187 is located east of La Preciosa Ridge on mine section 14,800 N. It is oriented azimuth 090, dip -60 degrees, from the same drill pad as hole BP07-167 and 100 metres east of BP07-150A. Martha vein is a structure mainly in conglomerate near the andesite contact. It is also enriched in base metals at Zn 1.21 % and Pb 0.42 %. BP08-184
Hole BP08-184 is located east of La Preciosa Ridge on mine section 15,000 N, between holes BP08-183 and BP08-190. It is oriented azimuth 090, dip -45 degrees. Martha vein is a strong structure along the andesite conglomerate contact. BP08-179
Hole BP08-179 is located east of La Preciosa Ridge on mine section 14,800 N. It is oriented azimuth 090, dip -60 degrees, between holes BP08-187 and BP07-188. Martha vein is a broad structure in andesite. BP08-178
Hole BP08-178 is located east of La Preciosa Ridge on mine section 15,100 N, between holes BP07-163 and BP08-182. It is oriented azimuth 090, dip -45 degrees. Martha vein is a stock work zone hosted in conglomerate. BP08-176
Hole BP08-176 is located east of La Preciosa Ridge on mine section 15,300 N, between holes BP07-171 and BP08-186. It is oriented azimuth 090, dip -45 degrees. Vein lets occur, but there is no consistent vein in this hole. BP08-174
Hole BP08-174 is located east of La Preciosa Ridge on mine section 15,400 N, between BP08-173 and BP08-207. It is oriented azimuth 090, dip -45 degrees. Only stringer vein mineralization was encountered. BP08-172
Hole BP08-172 is located on La Preciosa Ridge on mine section 15,100 N, between holes BP06-71ext and BP08-180. It is oriented azimuth 090, dip -60 degrees. Martha vein is a structure within the andesite and the lower structure is in the conglomerate. BP08-170
Hole BP07-170 is located east of La Preciosa Ridge on mine section 15,300 N, 116 metres east of hole BP07-132, on the same drill pad as hole BP07-149. It is oriented azimuth 090, dip -75 degrees. The lowest intercept is also high in base metals at Pb = 1.47 % and Zn = 15.23 %. Most of the holes in the mid-170s, plus some in the 180s and 190s, are along the eastern margin of the main mineralized trend and, as expected, do not carry ore grades. This is the case for holes BP08-171, 173, 177, 185, 186 and 190. Hole BP08-175 was abandoned short of target due to drilling difficulties and has been replaced by Hole P08-207. A complete table of drill results is available at the link below: http://www.orkosilver.com/i/pdf/drillresults.pdf A detailed drill plan map is available at the link below: http://www.orkosilver.com/i/pdf/drillplanmap.pdf A printer friendly PDF format of this news release is available at the link below: http://www.investorhub.ca/orkonews07222008.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%. 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 Via email at info@orkosilver.com or visit our website on line at www.orkosilver.com The TSX Venture Exchange has not reviewed and does not accept responsibility for this News Release. This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Orko relies upon litigation protection for forward-looking statements. *Cautionary Note to U.S. Investors - The United States Securities and Exchange Commission permits U.S. Mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this press release, such as "measured", "indicated", and "inferred" resources, which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No. 000-51923, which may be secured from us, or from the SEC's website at http://www.sec.gov/edgar.shtml. View News Release in PDF Format: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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