Delineation Drilling by Pan American Confirms Orko Results
VANCOUVER, BC - Orko Silver Corp. reported that it has received the Phase-I delineation drilling assay results from joint venture partner Pan American Silver Corp. (PAA) on La Preciosa Project in Durango, Mexico.
The Pan American Phase-I delineation drilling at La Preciosa consisted of 31 HQ diamond drill holes for a total of 8,850 meters. To date, PAA has received results for approximately 6,300 metres of the drilling. The holes are located in the heart of the Martha vein structure and were drilled at approximately 50 metre spacing in an area previously drilled by Orko at 100 metre spacing. This data confirms La Preciosa results and will form the basis of a geostatistical study, toward ultimate reserve definition. Phase-II diamond drilling is underway.
In addition to the drilling, PAA has completed 57 trenches on regional exploration targets with the resultant collection of 557 samples. These results have encouraged PAA to commence drilling on the exploration targets such as El Vaquero, Nancy, Baritina, Baritina Norte (Martha North) and Orito Norte.
Pan American has also completed 90% of a planned first phase detailed metallurgical program that has included work index tests, abrasion tests, mineralogical studies, gravity tests, cyanide tests and flotation tests. Full results from these studies will be released when they are completed.
Gary Cope, President of Orko, states; "We are extremely pleased to see that Pan American's delineation drilling results confirm Orko's drill results. We also look forward to exploration success in future drilling scheduled to test new exploration targets such as Nancy, Vaquero, Orito Norte, Baritina and Baritina Norte."
The Phase I delineation drill program has been successful in confirming the results from the previous drilling completed by Orko from 2005-2008. The detailed drilling has been completed in a 50m by 50m grid, centered in the vicinity of Orko hole BP-06-75(ext) which returned results of 39.66m of 235.2 g/t Ag, 0.37 g/t Au for a silver equivalent of 257.5 g/t.
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