YeOldGoldNugget's Blog Spot: diamond drill

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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

Orko Silver Corp. Corporate Profile October 16, 2009

By 79Atoms on Saturday, October 17, 2009

Developing One of the World's Largest Primary Silver Deposits
Link to Corporate Profile (PDF) on Orko Silver Corp. website.

Orko Silver Corp.( TSX Venture Exchange : OK ) is developing one of the world’s largest primary silver deposits, La Preciosa, located near the city of Durango, in Durango State, Mexico. The La Preciosa silver project and adjacent mineral concessions cover 80,000 acres of contiguous mining claims.

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 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%.

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 projects 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 dilutionary financing risk 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.

Going forward, the Joint Venture partners have already begun releasing results
from the 2009 exploration program which will include trenching, detailed
metallurgical tests as well as more than 35,000m of diamond drilling both in
the known deposit but also in the exploration targets previously identified by
Orko Silver.

Recent August 2009 drill results include assays such as hole BP09-374, which
yielded a true thickness of 32.68 meters grading 0.376 g/t gold and 245.4 g/t silver for a silver-equivalent of 267.9 g/t and drill hole BP-09359, which yielded 34.77 meters grading 0.278 g/t gold and 202.4 g/t silver for a silver-equivalent of 219.1 g/t. These values are comparable with earlier drilling by Orko Silver at La Preciosa.

To receive updates via email visit www.orkosilver.com

This document 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

Saturday, January 1, 2005

San Juan

By 79Atoms on Saturday, January 01, 2005

April 01, 2008.

Summary

click to download in pdf.

The San Juan property is 24,580 hectares and is located North-West from La Preciosa Project. The company has an option agreement with Silver Standard Resources Inc. (NASDAQ: SSRI) to earn a 75% interest, by expending US$750,000 on exploration. Thus far, three silver-gold epithermal veins have been located; La Plomosa, El Vaquero and San Juan veins are known to outcrop on this property.

Objective

To locate a similar vein system like Abundancia, La Gloria and Martha on the La Preciosa Project.

Strategy