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| June 24, 2008 Orko Silver Encounters Multiple High-grade Intercepts from Martha Vein | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 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
Hole BP08-210 is located east of La Preciosa Ridge on mine section 14,600 N, 100 metres west of BP08-211 and 100 metres south of BP08-213A. It is oriented azimuth 090, dip -75 degrees. Martha vein is a strong structure adjacent to the conglomerate schist contact. Base metal values in Pb 2.04 % and Zn 4.76 % are high in this intercept. BP08-189
Hole BP08-189 is located east of La Preciosa Ridge on mine section 14,900 N, 100 metres east of hole BP08-181. It is oriented azimuth 090, dip -45 degrees. Martha vein is a strong structure in the conglomerate. BP08-183
Hole BP08-183 is located east of La Preciosa Ridge on mine section 15,000 N, between holes BP07-157 and BP08-184. It is oriented azimuth 090, dip -45 degrees. Martha vein is a strong structure along the andesite conglomerate contact. The base metals zinc and lead are elevated in the Martha vein. BP08-182
Hole BP08-182 is located east of La Preciosa Ridge on mine section 15,100 N, between holes BP08-178 and BP08-191. It is oriented azimuth 090, dip -45 degrees. Martha vein is a strong structure along the andesite conglomerate contact. BP07-181
Hole BP07-181 is located east of La Preciosa Ridge on mine section 14,900 N, between holes BP06-164 and BP08-189. It is oriented azimuth 090, dip -45 degrees. Martha vein is a strong structure along the andesite conglomerate contact. BP07-180
Hole BP07-180 is located on La Preciosa Ridge on mine section 15,100 N, between holes BP06-74ext and BP08-172. It is oriented azimuth 090, dip -75 degrees. Martha vein is a strong structure along the andesite conglomerate contact. Base metal values for zinc and lead are elevated. BP07-167
Hole BP07-167 is located east of La Preciosa Ridge on mine section 14,800 N. It is oriented azimuth 090, dip -60 degrees, approximately 100 metres east of hole BP06-150A. Martha vein is a strong structure along the andesite and conglomerate contact, with zinc values elevated in the central part of the intercept. BP07-166
Hole BP07-166 is located east of La Preciosa Ridge on mine section 15,000 N, 100 metres west of BP07-162. It is oriented azimuth 000, dip -90 degrees. Martha vein is in the conglomerate. Zinc, lead and gold are elevated in the Martha vein, but silver values are lean. BP07-165
Hole BP07-165 is located east of La Preciosa Ridge on mine section 15,200 N, between holes BP07-148 and BP08-177. It is oriented azimuth 090, dip -45 degrees. Martha vein is at the andesite - conglomerate contact. BP07-164
Hole BP07-164 is located east of La Preciosa Ridge on mine section 14,900 N, between holes BP07-158 and BP08-181. It is oriented azimuth 090, dip -45 degrees. Martha vein is in the conglomerate close to the conglomerate to andesite contact. The base metals zinc and lead are elevated in the Martha vein. BP07-163
Hole BP07-163 is located east of La Preciosa Ridge on mine section 15,100 N, between holes BP07-146 and BP08-178. It is oriented azimuth 090, dip -45 degrees. Martha vein is along the conglomerate to andesite contact. BP07-162
Hole BP07-162 is located east of La Preciosa Ridge on mine section 15,000 N, between holes BP07-166 and BP07-159. It is oriented azimuth 000, dip -90 degrees. Martha vein is in the conglomerate close to the conglomerate to schist contact. The base metals zinc and lead are elevated in the Martha vein. BP07-161
Hole BP07-161 is located on La Preciosa Ridge on mine section 15,200 N, oriented azimuth 000, dip -90 degrees, to intercept Martha Vein 100 metres west of BP06-60ext. The Abundancia Vein is greatly leached in this hole and is hosted in andesite. Luz Elena Vein is hosted in andesite and Martha vein is hosted in conglomerate. BP07-160
Hole BP07-160 is located east of La Preciosa Ridge on mine section 14,800 N, oriented azimuth 090, dip -75 degrees, from the same pad as BP07-152. The Martha vein is a narrow structure near the andesite to conglomerate contact. BP07-159
Hole BP07-159 is located east of La Preciosa Ridge on mine section 15,000 N, oriented azimuth 000, dip -90 degrees, collared on the same pad as BP07-141. Multiple veinlets are present in andesite and conglomerate, with elevated base metals at depth. BP07-158
Hole BP07-158 is located east of La Preciosa Ridge on mine section 14,900 N, oriented azimuth 090, dip -45 degrees, 100 metres east of hole BP07-143. Martha vein is a strong structure in conglomerate. BP07-157
Hole BP07-157 is located east of La Preciosa Ridge on mine section 15,000 N, oriented azimuth 090, dip -45 degrees, collared 100 metres east of hole BP07-144. Martha vein is hosted in andesite near the conglomerate contact and has elevated zinc values. BP07-156
Hole BP07-156 is located east of La Preciosa Ridge on mine section 15,000 N, oriented azimuth 090, dip -70 degrees, collared on the same pad as BP07-141. Martha vein is hosted in the schist unit with Pb 0.71% and Zn 1.55%. BP07-155
Hole BP07-155 is located east of La Preciosa Ridge on mine section 14,800 N, 100 metres south of hole BP07-143. It is oriented azimuth 090, dip -70 degrees. Martha vein is a vein and stock work structure in andesite at the conglomerate contact. The base metals zinc and lead are elevated. BP07-153
Hole BP07-153 is located east of La Preciosa Ridge on mine section 14,900 N, oriented azimuth 090, dip -60 degrees, collared on the same pad as BP07-151. Martha vein is a quartz-sulphides veinlets structure along the conglomerate/schist contact area, with elevated zinc and lead. BP07-152
Hole BP07-152 is located east of La Preciosa Ridge on mine section 14,800 N, 100 metres east of BP07-154. It is oriented azimuth 000, dip -90 degrees. Martha is a vein and veinlets structure in conglomerate. Base metals and precious metals are elevated in Martha, but of low grade. BP06-67ext
Hole BP06-67ext was initially drilled in 2006 and later extended near the end of 2007 to a depth of 556.87 metres. It is located on the east side of La Preciosa Ridge, azimuth 000o, dip -90o, on mine-section 14,800 N, 100 metres south of hole BP06-70ext. It was originally drilled to target Luz Elena vein and deepened to intersect Martha vein. Base metal content increases in a sulphide zone in the schist deeper than Martha vein. 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/orkonews06242008.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 For further information, contact Orko Silver Corp. at (604) 684-4691 or 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. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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