YeOldGoldNugget's Blog Spot: La Preciosa

Showing posts with label La Preciosa. Show all posts

Wednesday, November 18, 2009

Orko Silver Chart November 18, 2009

By 79Atoms on Wednesday, November 18, 2009

Orko Silver Daily Chart

Chart is courtesy of marketclub.
Marketclub - Orko Silver Corp. Trend Analysis.

Breakout alert today! Some very solid action going on in Orko Silver. Too bad I forgot to take a screen shot of the level 2 quotes so you could see the shares being bought. Already early on at around nine thirty about 50K were traded and around eleven o clock another big block of almost 130K and basically on and off buying throughout the entire day.

Not the million shares action like some time ago but more than plenty enough for this trading action today to qualify as a breakout. So yeah, pretty pleased with the chart, daily and weekly. Always nice to have the low the same as the open of the day which was at 1.05. When we hit noon we were already looking at our high of the day at 1.14.

To me, that was like, well, a breath of fresh air to finally see Orko trading above 1.00 and with such decent volume. Really bodes well and I am really excited about what may come next with Orko Silver or La Preciosa. Which treasures of the Sierra Madre are yet to be uncovered and revealed to us?

100 Ounce Silver Bars Johnson Matthey and Englehard - Copyright © 2009 Northwest Territorial Mint

I'm sure most of you have been waiting for Orko Silver to get above 1.00 and looking to stay above 1.00. Well, with today's action that moment is drawing nearer and nearer and I have to say we are already there.

With today's action we've hit a new 3 week high and a new 3 month high. Those are flashing indicators stating we're on the way up and looking for higher ground. Short term, so daily wise, I'm looking at a continuation of this uptrend. MACD looks very bullish and makes me think we will head up further.

Next target or resistance I'd say would be around 1.20 and to finish the cup and handle would be around 1.40. Extremely bullish I know but if the pattern is completed than 1.40 is the target to look for.

Could it be that investors are realizing that either Orko Silver is an undervalued silver treasure or is this just Orko Silver benefiting of higher silver prices? I think a decent mix of the two ofcourse.

No way anybody is ever going to sell me the story about Orko Silver not having the potential to make it far in this market OR to create shareholder value! I'm not buying! I stick by my decision and turns out at least in my case to have been the right one.

Management has not disappointed me yet and with that I mean, I'm getting a steady, solid and well built march up to higher prices. No more worries about dilution, finances,...just a calm relaxing and exciting train ride to production.

Orko Silver Weekly Chart

Orko Silver Chart November 18, 2009 (Weekly)

Chart is courtesy of marketclub.
Marketclub - Orko Silver Corp. Trend Analysis.

On to the weekly,...again, I'm sure you agree, a very bullish looking chart and bound to make higher highs in the coming weeks ahead. Depending on what gold will do in the times ahead of course.

Looking at the indicators. Weekly volume looks to be increasing. MACD is trading above the center line again and trading upwards which indicates Orko is now officially in a verified uptrend. Trading again above all moving averages.

All in all, things are indeed looking up for Orko. I'm sure there are always some WHINERS out there who'd love no more than to bad mouth a good story. Tough luck and good luck with that trading strategy!

Spend more time whining and become a better whiner, spend more time trading and be bound to become a better trader.

That's YeOldGoldNugget's saying of the day and with that I will leave you and bid you prosperity.

YeOldGoldNugget's links of interest

Thursday, November 12, 2009

Orko Silver Continues to Receive Encouraging Drilling Results

By 79Atoms on Thursday, November 12, 2009

Orko Silver Corp.

TSX VENTURE: OK
Orko Silver Corp.
Nov 12, 2009 09:00 ET

Orko Silver Continues to Receive Encouraging Drilling Results

The original news release on the Orko Silver Corp. website can be found by clicking here.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 12, 2009) - Orko Silver Corp. (TSX VENTURE:OK) is pleased to announce that it continues to receive favorable results from the ongoing drilling program being completed by our joint venture partner, Pan American Silver Corp. (PAA) on the La Preciosa Project in Durango, Mexico.

Diamond drill hole BP09-375 yielded 15.65 metres grading Au 0.579 g/t and Ag 439.4 g/t for a silver-equivalent of 474.1 g/t. Included in this hole is an interval of 5.85 metres grading Au 1.146 g/t and Ag 942.0 g/t for a silver-equivalent of 1,010.7 g/t. Also of note is hole BP09-392 with 16.89 metres grading Au 0.441 g/t and Ag 225.3 g/t for a silver-equivalent of 251.8 g/t.

Gary Cope, President of Orko Silver, states:

We are extremely pleased to see that Pan American's delineation drilling results confirm those initially reported by Orko Silver. The presence of wide high grade intervals is also very encouraging for the project.

The Pan American Phase-I delineation (infill) drilling at La Preciosa consisted of 19 HQ diamond drill holes for a total of 6,316.83 meters and was reported in a news release dated September 08, 2009.

The Phase-II drilling program has commenced and includes further delineation drilling, plus drilling on the previously identified exploration targets located immediately surrounding the La Preciosa deposit. To date, PAA has drilled 40 Phase-II holes, an additional 17 delineation holes and 23 holes on the exploration targets for a total of 9,924.44 meters. Assays for 25 of the Phase-II holes are now available. Delineation drilling is in the Central Area of the La Preciosa Resource. Exploration drilling around the periphery of the Resource includes nine holes from the South Area on the Martha Vein.

Multiple mineralized intercepts are presented in the two tables for the Central Area and South Area testing of the Martha Vein.

The delineation results from the new holes are all located in the known Martha vein structure and were drilled at approximately 50 metre spacing in an area previously drilled by Orko Silver at 100 metre spacing. This data again confirms Orko Silver's previously reported results, and will form the basis of a geostatistical study, toward ultimate resource definition. Phase-II diamond drilling is still underway.

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. Based on the visual information encountered in the drill core and geological interpretation on cross sections, additional drilling is contemplated in these areas during November and December.

Central Area – La Preciosa Resource

*- In certain holes the Martha vein can be composed of several sub-parallel, silver rich veins: Martha (Sup) - refers to that portion of the Martha vein above the main Martha vein (Superior), and Martha (Inf) - refers to that portion of the Martha vein below the main Martha vein (Inferior)

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/drillplanmaps.pdf

A printer friendly PDF format of this news release is available at the link below:

http://www.orkosilver.com/i/pdf/orkonews11122009.pdf

Ben Whiting, P.Geo., and George Cavey, P.Geo are the Qualified Persons for Orko Silver Corp. and take responsibility for the technical disclosure in this news release.

Silver-equivalent for the purposes of this drilling program is defined as silver grade plus 60 times gold grade. Metallurgical recoveries and net smelter returns are assumed to be 100% for the silver-equivalent value. Base metal values are not included in the silver-equivalent.

About Orko Silver Corp.

Orko Silver Corp. is developing one of the world's largest primary silver deposits, La Preciosa, located near the city of Durango, in the State of Durango, Mexico.

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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for this News Release.

Saturday, October 17, 2009

F.A.Q. - Frequently Asked Questions October 16, 2009

By 79Atoms on Saturday, October 17, 2009

October 16, 2009

Orko Silver – Frequently Asked Questions (FAQ)

Direct download to this pdf from the Orko Silver Corp company website.

There was and still exists confusion surrounding the details of the Joint Venture with Pan American Silver announced on April 14, 2009. Lingering questions remain regarding the terms of the Joint Venture. In an effort to respond to those questions, we have prepared this Frequently Asked Questions (FAQ). The most commonly asked questions were:

Is Orko giving Pan American a 55% interest in La Preciosa by spending US $16 million?

No. We are of the opinion that the confusion surrounding the News Release can be attributed to its length and lack of clarity in the text of the news release itself. People do have a tendency to focus in on a few facts and key in on them. The text of the April 14th, 2009 News Release stated: "Pan American will contribute its demonstrated mine development expertise, as well as 100% of the funds necessary to develop and construct an operating mine", not just the $16 million that most people have asked about. The $16 million is an estimate of the costs involved to complete a feasibility study. They do not earn their 55% until they build the mine/mill and we are in commercial production.

The News Release only mentions the 55% and $16 million, why wasn’t a figure for commercial production mentioned?

The other sum, the mine/mill construction, cannot be determined until the feasibility study is completed. One of the principal purposes of a feasibility study is to determine what it will cost to put a mine into production. Therefore there is no way we could state a figure for the mine construction in the News Release as it is not known right now. A 3,000 tonne/day mine could cost an estimated $150 million, a 5,000 t/d mill could cost an estimated $240 million so there is no way we can say what it will cost until the feasibility study determines the mill throughput which then dictates the capital costs. However, we will be releasing what is called a Preliminary Economic Assessment (also known as a Scoping Study) early in the new year which is a preliminary economic study on what could be a possible economic scenario at La Preciosa.

How will commercial production be financed?

Pan American Silver has to finance the construction of the mine/mill and achieve commercial production to earn their 55% regardless of whether it costs $150 Million or $240 million.

Does Pan American have the ability to finance the project to production?

Pan American has the financial capabilities to finance the 3,000 t/d mine construction out of cash on hand without financing should they choose to do so but will like need to get some top up financing for a larger mine operation. They have significant cash flow so should easily be able to do any sort of financing should they need to do so.

If Orko Silver had to say 'finance $200 million for production', would it not mean significant dilution to current shareholders?

Yes, if we had to finance production. But with this agreement Pan American carries the entire costs to commercial production and we end up owning 45% of a producing mine without having any further dilution of Orko Silver shares. Yes, we give up 55% but if we would have to finance this to production ourselves, we would have to create a mining team (we are explorationists) and likely have to issue ~250 million more shares plus find a brokerage firm or bank to finance this to production. Given the global credit crisis and how difficult it is right now to get any serious financing done, this is a great deal for Orko Silver shareholders. Will the same financing hurdles be in place in 2-3 years from now when this mine might be ready for a production decision, who knows? By entering into this agreement, we took significant financing and dilution risk off the table for Orko Silver’s shareholders.

On the dilution element, does this mean that present shareholders don't suffer further dilution beyond the 4 million in new shares for the Pan American private placement?

There should be no more shareholder dilution beyond the 4 million new shares of Orko Silver issued to Pan American in exchange for $5 million. Note that the private placement to Pan American was done at a significant premium to the market. There could be further dilution should the Board of Orko Silver decide to aggressively acquire & explore a new project. We are looking at projects all the time and if we found something that might fit with Orko; we might consider acquiring an additional asset for the benefit of our shareholders. Make no mistake; our focus is still La Preciosa.

With regard to the Private Placement with Pan American, what does "certain anti dilution clauses" mean?

Our deal allows Pan American to maintain their present percentage interest, 3.5%, so if we do a new equity issue such as for the scenario we described above, Pan American can participate in that financing to maintain their 3.5%. This is not a gift; they have to buy their shares at the same price as the issue price.

With Pan American as operator, will there still be regular exploration news and further resource estimates?

One of the concerns shareholders may have is that there will be no news because Pan American is now operator. That is incorrect, we will still be drilling and as such there still will be regular news releases as we are obliged to continue announce the results. However, there may not be exactly the same approach as when we were aggressively drilling. Pan American has two mandates, to complete a feasibility study with infill drilling and secondly to continue the exploration of La Preciosa. That will also mean that there should also be another resource estimate. In the meantime as PAA has been getting very active at La Preciosa, news releases are beginning to flow with the results.

Is the JV covering all Orko property/mineral occurrences/silver deposits or just Martha or just La Preciosa but not Santa Monica and San Juan?

The JV covers all properties including San Juan & Santa Monica. Everything in the current land package is a part of the new joint venture. If we find new deposits in the exploration (which is being fully funded by Pan American), it will benefit us as the amount of ounces will increase and improve the bottom line for both parties.

Why wouldn't Pan American just buy Orko Silver?

At this point in time, Pan American will be focused on developing and delivering a feasibility study and then building a mine/mill. Until we get through the feasibility process, we doubt they will need to be aggressive towards us on the chance that the conditions at the time the mine goes into production do not favour a complete takeover. However, two years from now, if we are in a robust economy we would not be surprised if someone makes a friendly move to acquire us. We are hoping that no other company tries to acquire us right now as we strongly believe that are shares are undervalued based on the term of this JV with Pan American, i.e. a full carried interest to production.

What is the cost/consequence to Pan American or Orko Silver if either party wants to leave the Joint Venture?

If Pan American walks before completing a feasibility study, they get nothing. If they have spent the $16 million and deliver a positive feasibility study but decide that the economy at that time doesn't justify mill construction, they give the property back to us, we owe them $8 million which we can pay out of production proceeds or they get a 1.5% NSR until we pay out the $8 million. If they partly build the mill and walk, all they get back is that $8 million and/or the 1.5%NSR as just discussed. There is no reason Orko Silver would walk, we have a free ride to production so there is no need for us to walk. If our team moves to another project, La Preciosa still continues along and we still have our carried 45% interest.

Short term, you will carry-on drilling, right?

Yes, Orko Silver will be involved with all the drilling and in particular, the exploration drilling. We have a technical committee in place that directs the exploration. There will be two company representatives from both companies on the committee. Orko Silver will submit a budget to Pan American for exploration drilling and direct all that exploration. Pan American will complete the necessary infill drilling they need to complete their feasibility study. The Orko Silver technical team will continue as is although Pan American has added some additional geologists. Our initial exploration targets will be Martha North, Martha South and Nancy Vein. The results of that drilling will determine where the next round of drilling may take place. We may not actually leave those three areas if the results are good enough.

Now that we can see the 'light at the end of the tunnel', when do you expect your first sales of silver? 2012?

We are hopeful for 2012. Pan American has indicated that they plan to aggressively attack this project so they may be in a position to get through the feasibility study step sooner and therefore begin construction earlier. Time will tell on that issue.

YeOldGoldNugget's links of interest

Sunday, September 13, 2009

Orko Silver in the News September 13, 2009

By 79Atoms on Sunday, September 13, 2009

VANCOUVER — Pan American Silver Corp. (TSX:PAA) says its net profit fell in the first quarter due to lower base metal and silver prices.

The Vancouver company reported Wednesday it earned US$6.6 million or eight cents per share in the three months ended March 31.

That compared with earnings of $30.2 million or 38 cents per share last year due to lower base metal and silver prices.

Sales at the company, which reports in U.S. dollars and has eight operating mines in Mexico, Peru, Argentina and Bolivia, fell to $70.4 million from $108.8 million for the same period last year.

Pan American said the decrease, also due to lower commodity prices, was partially offset by an 11 per cent increase in production.

It said silver production grew eight per cent to 4.9 million ounces, compared to last year's first quarter.

It also reported record gold production of 20,858 ounces, up 206 per cent from last year.

President and CEO Geoff Burns said the company, which had more than 3,800 employees at the end of 2007 and streamlined late last year to cope with lower revenues, is poised to grow again.

He noted the company recently announced a deal with Orko Silver to jointly develop a silver project in Mexico.

“With no debt, our major capital expenditures now behind us and our liquidity bolstered by February's equity issue, we are well positioned to capitalize on new opportunities,” he said in a release.

I am also very excited to be partnering with Orko Silver in the joint development of La Preciosa in Mexico. The La Preciosa silver project already hosts a large silver resource and it is at an ideal stage to take the next steps toward future production.

In Wednesday trading on the TSX, Pan American shares fell nine cents to C$22.83

Source : http://news.guelphmercury.com/arts/article/480936

YeOldGoldNugget's links of interest

Tuesday, August 18, 2009

Pan American Silver And Orko Silver Begin Comprehensive Drilling And Development Program At 'La Preciosa'

By 79Atoms on Tuesday, August 18, 2009

June 22, 2009.
Pan American Silver And Orko Silver Begin Comprehensive Drilling And Development Program At "La Preciosa".

(Read original article here.)

Vancouver, British Columbia - June 22, 2009 - Pan American Silver Corp. ("Pan American") (PAAS: NASDAQ; PAA: TSX) and Orko Silver Corp. ("Orko") (OK: TSX.V) are pleased to announce that this week they commenced a comprehensive exploration and delineation drilling program at the La Preciosa silver project in Mexico.

The Companies expect to complete approximately 30,000 meters of drilling on the property between now and the end of December of this year. The initial delineation drilling is specifically designed to upgrade Martha Vein inferred resources to measured and indicated status, while the exploration drilling will focus on several untested prominent vein structures within the joint venture property, that had been previously discovered by Orko.

Pan American, operator of the La Preciosa joint venture, plans to spend a total of US $5.7 million in 2009, to complete the drill programs, as well as to initiate other project development related activities, including advanced metallurgical testing.

Drilling activities will be carried out by Major Drilling S.A. de CV of Hermosillo. The first rig is now drilling and a second rig is scheduled to commence drilling in the next 10 days. Assay testing will be performed by SGS Mineral Services in Durango, Mexico.

Gary Cope, President and CEO of Orko said, "We are extremely pleased to resume drilling at La Preciosa. Pan American and Orko have jointly developed a program to further delineate the Martha vein while testing for down dip and along strike extensions. But, perhaps more exciting is that we also will begin drill testing several other vein targets that we know exist on the property and we look forward to regularly disclosing drill results, over the balance of the year."

Geoff Burns, President and CEO of Pan American added, "We have assembled a project development team and put together an aggressive drilling program for La Preciosa for 2009. We are set up, we are in the field working and I am extremely optimistic about the potential for a meaningful expansion of the resource base."

On April 14th, 2009 Pan American and Orko jointly announced an agreement to create a joint venture to develop the La Preciosa silver project in Mexico. The La Preciosa and adjacent mineral concessions of Santa Monica and San Juan cover 32,422 hectares of contiguous mining claims. Orko had previously defined an indicated resource estimated at 10,637,000 tonnes grading 185 grams of silver per tonne and 0.27 grams of gold per tonne for a total of approximately 63,000,000 ounces of silver and 94,000 ounces of gold. In addition, the property hosts an inferred resource estimated to comprise 12,087,000 tonnes, grading 185 grams of silver per tonne and 0.25 grams of gold per tonne, for a total of approximately 71,700,000 ounces of silver and 97,000 ounces of gold.

The Joint Venture partners have agreed to delay the completion of a Preliminary Economic Assessment until the 2009 drilling and metallurgical test program has been completed. This will allow them to accumulate more extensive resource and metallurgical detailed data that will form the basis of the comprehensive Preliminary Economic Assessment.

George Cavey, P.Geo., Orko's Vice-President, Exploration, is the Qualified Person who takes responsibility for the technical disclosure in this news release.

About Pan American Silver

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 operating silver mines in Mexico, Peru, Argentina and Bolivia.

About Orko Silver

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.

Information Contacts

Pan American Silver Corp.
Kettina Cordero
Coordinator, Investor Relations
(604) 684-1175
www.panamericansilver.com

Orko Silver Corp.
Gary Cope
President
(604) 684-4691
www.orkosilver.com

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.

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: THE TERMS AND CONDITIONS OF THE JOINT VENTURE, WHICH MAY BE AMENDED BY FUTURE NEGOTIATIONS BETWEEN PAN AMERICAN AND ORKO; 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; DEFINITION OF A LARGER MINERAL RESOURCE AT LA PRECIOSA; AND TSX VENTURE EXCHANGE ACCEPTANCE OF THE PRIVATE PLACEMENT. PAN AMERICAN AND ORKO DO NOT INTEND, AND DO NOT ASSUME ANY OBLIGATION TO, UPDATE SUCH FORWARD-LOOKING STATEMENTS OR INFORMATION, OTHER THAN AS REQUIRED BY APPLICABLE LAW.

FORWARD-LOOKING STATEMENTS OR INFORMATION INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES AND OTHER FACTORS THAT MAY CAUSE THE ACTUAL RESULTS, LEVEL OF ACTIVITY, PERFORMANCE OR ACHIEVEMENTS OF PAN AMERICAN, ORKO OR THEIR RESPECTIVE OPERATIONS TO BE MATERIALLY DIFFERENT FROM THOSE EXPRESSED OR IMPLIED BY SUCH STATEMENTS. SUCH FACTORS IN RELATION TO PAN AMERICAN INCLUDE, AMONG OTHERS: FLUCTUATIONS IN THE SPOT AND FORWARD PRICE OF SILVER, GOLD, BASE METALS OR CERTAIN OTHER COMMODITIES (SUCH AS NATURAL GAS, FUEL OIL AND ELECTRICITY); FLUCTUATIONS IN THE CURRENCY MARKETS (SUCH AS THE PERUVIAN SOL AND MEXICAN PESO VERSUS THE U.S. DOLLAR); CHANGES IN NATIONAL AND LOCAL GOVERNMENT, LEGISLATION, TAXATION, CONTROLS, REGULATIONS AND POLITICAL OR ECONOMIC DEVELOPMENTS IN CANADA, PERU, MEXICO, ARGENTINA, BOLIVIA, THE UNITED STATES OR OTHER COUNTRIES IN WHICH PAN AMERICAN MAY CARRY ON BUSINESS IN THE FUTURE; OPERATING OR TECHNICAL DIFFICULTIES IN CONNECTION WITH MINING OR DEVELOPMENT ACTIVITIES; RISKS AND HAZARDS ASSOCIATED WITH THE BUSINESS OF MINERAL EXPLORATION, DEVELOPMENT AND MINING (INCLUDING ENVIRONMENTAL HAZARDS, INDUSTRIAL ACCIDENTS, UNUSUAL OR UNEXPECTED FORMATIONS, PRESSURES, CAVE-INS AND FLOODING); INADEQUATE INSURANCE, OR INABILITY TO OBTAIN INSURANCE, TO COVER THESE RISKS AND HAZARDS; EMPLOYEE RELATIONS; 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; DIMINISHING QUANTITIES OR GRADES OF MINERAL RESERVES AS PROPERTIES ARE MINED; BUSINESS OPPORTUNITIES THAT MAY BE PRESENTED TO, OR PURSUED BY PAN AMERICAN; PAN AMERICAN'S ABILITY TO SUCCESSFULLY INTEGRATE ACQUISITIONS; AND CHALLENGES TO PAN AMERICAN'S TITLE TO PROPERTIES; AS WELL AS THOSE FACTORS DESCRIBED IN THE SECTION "RISK RELATED TO PAN AMERICAN'S BUSINESS" CONTAINED IN PAN AMERICAN'S MOST RECENT FORM 40F/ANNUAL INFORMATION FORM FILED WITH THE SEC AND CANADIAN PROVINCIAL SECURITIES REGULATORY AUTHORITIES. ALTHOUGH PAN AMERICAN AND ORKO HAVE ATTEMPTED TO IDENTIFY IMPORTANT FACTORS THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN FORWARD-LOOKING STATEMENTS OR INFORMATION, THERE MAY BE OTHER FACTORS THAT CAUSE RESULTS TO BE MATERIALLY DIFFERENT FROM THOSE ANTICIPATED, DESCRIBED, ESTIMATED, ASSESSED OR INTENDED. THERE CAN BE NO ASSURANCE THAT ANY FORWARD-LOOKING STATEMENTS OR INFORMATION WILL PROVE TO BE ACCURATE AS ACTUAL RESULTS AND FUTURE EVENTS COULD DIFFER MATERIALLY FROM THOSE ANTICIPATED IN SUCH STATEMENTS OR INFORMATION. ACCORDINGLY, READERS SHOULD NOT PLACE UNDUE RELIANCE ON FORWARD-LOOKING STATEMENTS OR INFORMATION.

YeOldGoldNugget's links of interest

Tuesday, June 16, 2009

Orko Silver's Surface Trenching of Nancy Vein Yields Excellent Results

By 79Atoms on Tuesday, June 16, 2009

June 16, 2009.

Orko Silver's Surface Trenching of Nancy Vein Yields Excellent Results.

(Read original article here.)

VANCOUVER, British Columbia - Orko Silver Corp.("Orko") - (TSX.V - OK) is pleased to announce that it has received positive assay results from its surface trenching program on the Nancy Vein at the La Preciosa Project in Durango, Mexico.

The Nancy Vein is located on the western structural trend and is outside of the current resource estimate area for La Preciosa. Of particular note are trench sample NT09-12, which yielded 4.20 metres grading 1.342 g/t gold and 217.4 g/t silver for a silver-equivalent of 298.0 g/t and trench sample NT09-07, which yielded 8.25 metres grading 0.653 g/t gold and 132.4 g/t silver for a silver-equivalent of 171.0 g/t.

The Nancy Vein is sub-parallel to all the other known veins that comprise this large silver deposit. The Nancy Vein has been exposed by trenching for a distance of over 450 metres and remains open along strike in both directions.

Trenching of vein structures at La Preciosa, including the surface expression of the Martha Vein, has historically yielded lower silver values near surface due to the mobility of silver in low pH rainwater. Thus, these high silver values at surface, along with high gold values, are considered very promising.

Gary Cope, President of Orko, adds: "These results illustrate the excellent exploration potential at La Preciosa. The Nancy Vein represents a distinct separate target and as such, we have prioritized it on the list of drill targets for the upcoming 2009 drilling program."

Trench From To Width Au(g/t) Ag(g/t) Ag-Eq (g/t)
NT09-02 17.55 23.75 6.20 0.508 113.7 144.1
NT09-03 20.00 23.25 3.25 0.673 62.4 102.8
NT09-04 23.00 25.20 2.20 0.337 68.5 88.8
NT09-05 22.70 30.40 7.70 0.215 38.1 51.0
NT09-06 17.50 22.50 5.00 0.368 73.0 95.1
NT09-07 12.20 20.45 8.25 0.643 132.4 171.0
NT09-08 14.00 18.50 4.50 0.704 65.0 107.2
NT09-11 18.20 25.30 7.10 0.175 75.0 85.5
NT09-12 21.80 26.00 4.20 1.324 217.4 298.0
NT09-13 14.70 22.60 7.90 0.713 27.4 70.2
NT09-14 25.40 34.50 9.10 0.321 39.5 58.8
NT09-15 27.80 31.20 3.40 0.327 31.6 51.2
NT09-16 12.00 14.00 2.00 0.394 20.4 44.0

Trench NT09-01, 09 and 10 did not return appreciable results.

A table of complete trench results is available on our website at the link below:

http://www.orkosilver.com/i/pdf/trenchresults.pdf

A detailed trench plan map is available on our website at the link below:

http://www.orkosilver.com/i/pdf/trenchplanmap.pdf

A printer friendly PDF format of this news release is available at the link below:

http://www.investorhub.ca/orkonews06162009.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 trenching program is defined as silver grade plus 60 times gold grade. Metallurgical recoveries and net smelter returns are assumed to be 100% for the silver-equivalent value. Base metal values are not included in the silver-equivalent.

About Orko Silver

Orko Silver Corp. is developing one of the world's largest primary silver deposits, La Preciosa, located near the city of Durango, Mexico.

ON BEHALF OF THE BOARD OF DIRECTORS

Gary Cope
President

For further information, contact Orko Silver Corp. at (604) 684-4691 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.

YeOldGoldNugget's links of interest

Thursday, April 16, 2009

Orko Silver provides Clarification of Joint Venture Agreement

By 79Atoms on Thursday, April 16, 2009

April 16, 2009
Orko Silver provides Clarification of Joint Venture Agreement

(Read original article here.)

VANCOUVER, British Columbia - Orko Silver Corp.("Orko") - (TSX.V - OK) wishes to clarify the confusion surrounding the terms of the Joint Venture agreement announced in a joint press release with Pan American Silver Corp. dated April 14, 2009.

Pan American Silver Corp. and Orko Silver Corp. have reached an agreement for the joint development of Orko Silver's La Preciosa silver project.

Under the terms of the Joint Venture agreement:

Pan American Silver will contribute 100% of the necessary funds to develop La Preciosa to production to acquire 55% interest in the project. Orko Silver retains a 45% interest carried to production.

In addition, Pan American Silver is undertaking a private placement 4,000,000 common shares of Orko at a purchase price of CDN $1.25 per share, with certain anti-dilution and pre-emptive rights to participate in future financings of Orko.

About Orko Silver

Orko Silver Corp. is developing one of the world's largest primary silver deposits, La Preciosa, located near the city of Durango, Mexico.

ON BEHALF OF THE BOARD OF DIRECTORS

Gary Cope
President

For further information, contact Orko Silver Corp. at (604) 684-4691 or
Via email 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.

YeOldGoldNugget's links of interest

Tuesday, April 14, 2009

Pan American Silver And Orko Silver To Jointly Develop The 'La Preciosa' Silver Project

By 79Atoms on Tuesday, April 14, 2009

April 14, 2009
Pan American Silver And Orko Silver To Jointly Develop The 'La Preciosa' Silver Project

(Read original article here.)

Vancouver, British Columbia - April 14, 2009 - Pan American Silver Corp. ("Pan American") (PAAS: NASDAQ; PAA: TSX) and Orko Silver Corp. ("Orko") (OK; TSX.V) are pleased to announce that they have reached an agreement for the joint development of Orko Silver's La Preciosa silver project in the state of Durango, Mexico.

The Project

The La Preciosa silver project and adjacent mineral concessions of Santa Monica and San Juan, cover 32,422 hectares of contiguous mining claims on which Orko has already defined an indicated and inferred mineral resource. The indicated resource is estimated to comprise 10,637,000 tonnes, grading 185 grams of silver per tonne and 0.27 grams of gold per tonne, for a total of approximately 63,000,000 ounces of silver and 94,000 ounces of gold, while the inferred resource is estimated to comprise 12,087,000 tonnes, grading 185 grams of silver per tonne and 0.25 grams of gold per tonne, for a total of approximately 71,700,000 ounces of silver and 97,000 ounces of gold. The primary discovery is the Martha vein, which ranges from 2 to 40 meters in thickness and has been traced over 3.5 kilometers on strike. Martha remains open at depth and along strike, as do several other promising veins and earlier stage exploration targets within the remainder of the La Preciosa claims. For more details on the resource estimates, refer to the technical report by Mine Development Associates ("MDA") dated March 31, 2009. George Cavey, P.Geo., Orko's Vice-President, Exploration, is the Qualified Person who takes responsibility for the technical disclosure in this news release.

The Joint Venture Agreement

Pan American and Orko 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, while Orko will contribute its exploration expertise and the La Preciosa project and related concessions to retain a 45% interest.
Over the next 36 months, Pan American has agreed to spend an estimated US$16 million at La Preciosa to conduct resource definition drilling, acquire necessary surface rights, obtain permits, and ultimately prepare and deliver a feasibility study to maintain its interest in the Joint Venture. Furthermore, Pan American has agreed to spend a minimum of US$5.0 million in the first 12 months of the development program to maintain its interest in the Joint Venture, of which a minimum of US$2.5 million will be spent to continue to explore the highly prospective land package that Orko is contributing to the Joint Venture.

Key terms of the joint venture and the development strategy for La Preciosa include:

Pan American will be the operator for the joint venture and has agreed to share with Orko all technical information relating to the development of La Preciosa

A joint venture Management Committee will be formed, with representation from both Orko and Pan American, which will be responsible for monitoring the project's development

Any mine construction decision and subsequent operating budgets will require the unanimous approval of the Management Committee

Pan American has agreed to a "standstill" with Orko for as long as the joint venture is in operation.

Commenting on the agreement, Mr. Geoff Burns, President and CEO of Pan American stated: "I am extremely pleased to be partnering with Orko Silver in the joint development of La Preciosa. Orko has done a first class job in defining a very significant silver resource and the project is at an ideal stage to take the next step towards future production. Having just completed the development and construction of two mines, we had been actively seeking opportunities to re-deploy our talented team of mine builders. The timing is right, the location is right and the resource seems right to allow for some real value creation and growth for both Pan American's and Orko's shareholders."

Mr. Gary Cope, President and CEO of Orko commented: "We have long believed in the value of La Preciosa and it is rewarding to know that Pan American has recognized that same potential by committing both its capital and human resources to the project. We believe that with further exploration we should be able to define a significantly larger silver resource. Most importantly, we have structured a Joint Venture which is truly an open partnership. Orko's shareholders will benefit from the financial capacity and extensive mine development expertise that Pan American brings to the joint venture. As such, this transaction significantly reduces the financing and dilution risk for our shareholders. We believe this will be a strategic advantage for Orko and we look forward to working closely with Pan American's team as La Preciosa moves toward production."

GMP Securities L.P. and BMO Capital Markets acted as financial advisers to Orko and have both provided fairness opinions that the transaction is fair from a financial point of view.

Private Placement

Coincident with the formation of the La Preciosa joint venture, Pan American has also agreed to purchase, on a private placement basis, 4,000,000 common shares of Orko at a purchase price of CDN $1.25 per share. Pan American's investment in Orko's common shares is subject to certain anti-dilution and pre-emptive rights to participate in future financings of Orko. The price represents a premium to the current market price and further reflects Pan American's confidence in the value of the project. The private placement is subject to acceptance by the TSX Venture Exchange.

About Pan American Silver

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 operating silver mines in Mexico, Peru, Bolivia and Argentina.

About Orko Silver

Orko Silver Corp. is developing one of the world's largest primary silver deposits, La Preciosa, located near the city of Durango, in Durango State, Mexico.

Information Contacts

Pan American Silver Corp.
Kettina Cordero
Coordinator, Investor Relations
(604) 684-1175
www.panamericansilver.com

Orko Silver Corp.
Gary Cope
President
(604) 684-4691
www.orkosilver.com

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.

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. SUCH FORWARD-LOOKING STATEMENTS AND INFORMATION INCLUDE, BUT ARE NOT LIMITED TO, STATEMENTS AS TO: THE TERMS AND CONDITIONS OF THE JOINT VENTURE, WHICH MAY BE AMENDED BY FUTURE NEGOTIATIONS BETWEEN PAN AMERICAN AND ORKO; 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; DEFINITION OF A LARGER MINERAL RESOURCE AT LA PRECIOSA; AND TSX VENTURE EXCHANGE ACCEPTANCE OF THE PRIVATE PLACEMENT. PAN AMERICAN AND ORKO DO NOT INTEND, AND DO NOT ASSUME ANY OBLIGATION TO, UPDATE SUCH FORWARD-LOOKING STATEMENTS OR INFORMATION, OTHER THAN AS REQUIRED BY APPLICABLE LAW.

FORWARD-LOOKING STATEMENTS OR INFORMATION INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES AND OTHER FACTORS THAT MAY CAUSE THE ACTUAL RESULTS, LEVEL OF ACTIVITY, PERFORMANCE OR ACHIEVEMENTS OF PAN AMERICAN, ORKO OR THEIR RESPECTIVE OPERATIONS TO BE MATERIALLY DIFFERENT FROM THOSE EXPRESSED OR IMPLIED BY SUCH STATEMENTS. SUCH FACTORS IN RELATION TO PAN AMERICAN INCLUDE, AMONG OTHERS: FLUCTUATIONS IN THE SPOT AND FORWARD PRICE OF SILVER, GOLD, BASE METALS OR CERTAIN OTHER COMMODITIES (SUCH AS NATURAL GAS, FUEL OIL AND ELECTRICITY); FLUCTUATIONS IN THE CURRENCY MARKETS (SUCH AS THE PERUVIAN SOL AND MEXICAN PESO VERSUS THE U.S. DOLLAR); CHANGES IN NATIONAL AND LOCAL GOVERNMENT, LEGISLATION, TAXATION, CONTROLS, REGULATIONS AND POLITICAL OR ECONOMIC DEVELOPMENTS IN CANADA, PERU, MEXICO, ARGENTINA, BOLIVIA, THE UNITED STATES OR OTHER COUNTRIES IN WHICH PAN AMERICAN MAY CARRY ON BUSINESS IN THE FUTURE; OPERATING OR TECHNICAL DIFFICULTIES IN CONNECTION WITH MINING OR DEVELOPMENT ACTIVITIES; RISKS AND HAZARDS ASSOCIATED WITH THE BUSINESS OF MINERAL EXPLORATION, DEVELOPMENT AND MINING (INCLUDING ENVIRONMENTAL HAZARDS, INDUSTRIAL ACCIDENTS, UNUSUAL OR UNEXPECTED FORMATIONS, PRESSURES, CAVE-INS AND FLOODING); INADEQUATE INSURANCE, OR INABILITY TO OBTAIN INSURANCE, TO COVER THESE RISKS AND HAZARDS; EMPLOYEE RELATIONS; 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; DIMINISHING QUANTITIES OR GRADES OF MINERAL RESERVES AS PROPERTIES ARE MINED; BUSINESS OPPORTUNITIES THAT MAY BE PRESENTED TO, OR PURSUED BY PAN AMERICAN; PAN AMERICAN'S ABILITY TO SUCCESSFULLY INTEGRATE ACQUISITIONS; AND CHALLENGES TO PAN AMERICAN'S TITLE TO PROPERTIES; AS WELL AS THOSE FACTORS DESCRIBED IN THE SECTION "RISK RELATED TO PAN AMERICAN'S BUSINESS" CONTAINED IN THE COMPANY'S MOST RECENT FORM 40F/ANNUAL INFORMATION FORM FILED WITH THE SEC AND CANADIAN PROVINCIAL SECURITIES REGULATORY AUTHORITIES. ALTHOUGH PAN AMERICAN AND ORKO HAVE ATTEMPTED TO IDENTIFY IMPORTANT FACTORS THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN FORWARD-LOOKING STATEMENTS OR INFORMATION, THERE MAY BE OTHER FACTORS THAT CAUSE RESULTS TO BE MATERIALLY DIFFERENT FROM THOSE ANTICIPATED, DESCRIBED, ESTIMATED, ASSESSED OR INTENDED. THERE CAN BE NO ASSURANCE THAT ANY FORWARD-LOOKING STATEMENTS OR INFORMATION WILL PROVE TO BE ACCURATE AS ACTUAL RESULTS AND FUTURE EVENTS COULD DIFFER MATERIALLY FROM THOSE ANTICIPATED IN SUCH STATEMENTS OR INFORMATION. ACCORDINGLY, READERS SHOULD NOT PLACE UNDUE RELIANCE ON FORWARD-LOOKING STATEMENTS OR INFORMATION

YeOldGoldNugget's links of interest

Tuesday, March 31, 2009

Orko Silver Corp. Acquires 100% of San Juan

By 79Atoms on Tuesday, March 31, 2009

March 31, 2009
Orko Silver Corp. Acquires 100% of San Juan

(Read original article here.)

VANCOUVER, British Columbia - Orko Silver Corp. ("Orko") -- (TSX.V - OK) announces that it has signed an agreement with Silver Standard Resources Inc. to acquire a 100% interest in the San Juan Property located immediately west of Orko Silver's La Preciosa project.

The terms of the agreement provides for the transfer of the remaining 25% interest not currently controlled by Orko Silver for the lump sum purchase price of US $250,000, such sum to be paid by the issuance of Orko Silver capital stock, each share having an attributed value of CA $1.03. The agreement is subject to approval by the TSX Venture Exchange, and the issued shares will be subject to a four month plus one day resale restriction under applicable securities laws in Canada and any other resale restrictions that may be imposed by the TSX Venture Exchange.

Gary Cope, President of Orko, states that "We are extremely pleased to have reached this agreement with Silver Standard to enhance and consolidate our property holding immediately west of La Preciosa. We believe that this acquisition will be of great benefit to Orko Silver shareholders".

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, Mexico.

ON BEHALF OF THE BOARD OF DIRECTORS

Gary Cope
President

For further information, contact Orko Silver Corp. at (604) 684-4691 or Via email 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.

Links of interest

Saturday, March 28, 2009

F.A.Q. - Frequently Asked Questions

By 79Atoms on Saturday, March 28, 2009

Is Orko giving Pan American a 55% interest in La Preciosa by spending US $16 million?

The News Release only mentions the 55% and $16 million, why wasn’t a figure for commercial production mentioned?

How will commercial production be financed?

Pan American Silver has to finance the construction of the mine/mill and achieve commercial production to earn their 55% regardless of whether it costs $150 Million or $240 million.

Does Pan American have the ability to finance the project to production?

If Orko Silver had to say 'finance $200 million for production', would it not mean significant dilution to current shareholders?

On the dilution element, does this mean that present shareholders don't suffer further dilution beyond the 4 million in new shares for the Pan American private placement?

With regard to the Private Placement with Pan American, what does "certain anti dilution clauses" mean?

With Pan American as operator, will there still be regular exploration news and further resource estimates?

Is the JV covering all Orko property/mineral occurrences/silver deposits or just Martha or just La Preciosa but not Santa Monica and San Juan?

Why wouldn't Pan American just buy Orko Silver?

What is the cost/consequence to Pan American or Orko Silver if either party wants to leave the Joint Venture?

Short term, you will carry-on drilling, right?

Now that we can see the 'light at the end of the tunnel', when do you expect your first sales of silver? 2012?