To: Boolish who wrote (20581 ) 11/12/2009 9:45:58 AM From: Rocket Red Read Replies (1) | Respond to of 233807 Orko Silver partner drills 15.65 m of 0.579 g/t Au 2009-11-12 09:43 ET - News Release Shares issued 114,458,979 OK Close 2009-11-11 C$ 0.97 Mr. Gary Cope reports ORKO SILVER CONTINUES TO RECEIVE ENCOURAGING DRILLING RESULTS Orko Silver Corp. continues to receive favourable results from the continuing drilling program being completed by its joint-venture partner, Pan American Silver Corp., 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 -------------------------------------------------------------------------- From To Core True Au Ag Ag-Eq Hole/Vein (m) (m) Length Width (g/t) (g/t) (g/t) -------------------------------------------------------------------------- -------------------------------------------------------------------------- BP09-375 -------------------------------------------------------------------------- Martha (Sup)(i) 241.00 256.65 15.65 15.65 0.579 439.4 474.1 -------------------------------------------------------------------------- Includes 244.85 250.70 5.85 5.85 1.146 942.0 1,010.7 -------------------------------------------------------------------------- Martha 269.50 272.15 2.65 2.65 0.274 153.5 169.9 -------------------------------------------------------------------------- Martha (Inf)(i) 289.90 304.50 14.60 14.38 0.266 97.0 113.0 -------------------------------------------------------------------------- -------------------------------------------------------------------------- BP09-376 -------------------------------------------------------------------------- Martha 218.55 245.00 26.45 26.05 0.464 142.4 170.3 -------------------------------------------------------------------------- Includes 222.95 229.00 6.05 5.96 1.491 328.2 417.6 -------------------------------------------------------------------------- -------------------------------------------------------------------------- BP09-378 -------------------------------------------------------------------------- Martha 293.65 303.00 9.35 9.35 0.557 185.0 218.5 -------------------------------------------------------------------------- Includes 294.75 297.75 3.00 3.00 0.753 283.5 327.6 -------------------------------------------------------------------------- -------------------------------------------------------------------------- BP09-380 -------------------------------------------------------------------------- Martha 289.95 309.20 19.25 19.25 0.319 175.1 194.3 -------------------------------------------------------------------------- Includes 295.95 297.00 1.05 1.05 1.730 1,640.0 1,743.8 -------------------------------------------------------------------------- -------------------------------------------------------------------------- BP09-381 -------------------------------------------------------------------------- Martha 296.70 303.55 6.85 6.75 0.417 120.1 145.1 -------------------------------------------------------------------------- Includes 296.70 300.10 3.40 3.35 0.684 179.1 220.1 -------------------------------------------------------------------------- -------------------------------------------------------------------------- BP09-383 -------------------------------------------------------------------------- Martha 274.05 284.10 10.05 9.90 0.198 94.9 106.8 -------------------------------------------------------------------------- Includes 274.95 275.75 0.80 0.79 0.569 326.0 360.1 -------------------------------------------------------------------------- -------------------------------------------------------------------------- BP09-386 -------------------------------------------------------------------------- Martha 274.30 288.40 14.10 12.88 0.223 77.7 91.1 -------------------------------------------------------------------------- Includes 285.95 288.40 2.45 2.24 1.002 163.3 223.5 -------------------------------------------------------------------------- -------------------------------------------------------------------------- BP08-388 -------------------------------------------------------------------------- Martha 227.25 243.20 15.95 15.00 0.504 137.1 167.4 -------------------------------------------------------------------------- Includes 227.25 233.50 6.25 5.87 1.050 253.6 316.6 -------------------------------------------------------------------------- -------------------------------------------------------------------------- BP09-390 -------------------------------------------------------------------------- Martha 293.35 300.20 6.85 6.85 0.735 224.1 268.2 -------------------------------------------------------------------------- Includes 295.30 299.30 4.00 4.00 1.122 320.0 387.3 -------------------------------------------------------------------------- Martha (Inf)(i) 358.55 364.40 5.85 5.76 0.377 199.5 222.1 -------------------------------------------------------------------------- Includes 362.05 362.90 0.85 0.84 0.951 1,030.0 1,087.1 -------------------------------------------------------------------------- -------------------------------------------------------------------------- BP09-392 -------------------------------------------------------------------------- Martha (Sup)(i) 239.30 256.45 17.15 16.89 0.441 225.3 251.8 -------------------------------------------------------------------------- Includes 254.80 255.70 0.90 0.89 1.470 1,740.0 1,828.2 -------------------------------------------------------------------------- Martha 268.80 276.00 7.20 7.09 0.376 342.9 365.5 -------------------------------------------------------------------------- Includes 270.00 271.00 1.00 0.98 0.958 1,770.0 1,827.5 -------------------------------------------------------------------------- Martha (Inf)(i) 322.85 327.40 4.55 4.48 0.275 151.6 168.1 -------------------------------------------------------------------------- Includes 322.85 323.40 0.55 0.54 0.444 372.0 398.6 -------------------------------------------------------------------------- -------------------------------------------------------------------------- BP09-396 -------------------------------------------------------------------------- Martha 273.20 294.85 21.65 21.32 0.216 37.0 49.9 -------------------------------------------------------------------------- Includes 275.70 276.60 0.90 0.89 0.560 100.0 133.6 -------------------------------------------------------------------------- (i)- 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) South Area - La Preciosa Resource -------------------------------------------------------------------------- From To Core True Au Ag Ag-Eq Hole/Vein (m) (m) Length Width (g/t) (g/t) (g/t) -------------------------------------------------------------------------- -------------------------------------------------------------------------- BP09-382 -------------------------------------------------------------------------- Martha 142.70 150.15 7.45 7.45 0.199 22.3 34.3 -------------------------------------------------------------------------- -------------------------------------------------------------------------- BP09-384 -------------------------------------------------------------------------- Martha 119.55 123.00 3.45 3.45 0.429 185.0 210.7 -------------------------------------------------------------------------- Includes 120.80 122.00 1.20 1.20 0.680 270.0 310.8 -------------------------------------------------------------------------- -------------------------------------------------------------------------- BP09-385 -------------------------------------------------------------------------- Martha (Sup)(i) 174.40 178.00 3.60 3.38 0.018 110.6 111.7 -------------------------------------------------------------------------- Includes 174.40 175.85 1.45 1.36 0.003 135.0 135.2 -------------------------------------------------------------------------- Martha 187.35 193.40 6.05 5.96 0.111 198.2 204.9 -------------------------------------------------------------------------- Includes 191.90 193.40 1.50 1.48 0.137 531.0 539.2 -------------------------------------------------------------------------- -------------------------------------------------------------------------- BP09-387 -------------------------------------------------------------------------- Martha 233.70 237.35 3.65 3.59 0.090 34.2 39.5 -------------------------------------------------------------------------- -------------------------------------------------------------------------- BP09-389 -------------------------------------------------------------------------- Martha 283.45 285.40 1.95 1.92 0.070 174.0 178.2 -------------------------------------------------------------------------- Includes 284.40 285.40 1.00 0.98 0.061 297.0 300.7 -------------------------------------------------------------------------- -------------------------------------------------------------------------- BP09-391 -------------------------------------------------------------------------- Martha 245.30 247.75 2.45 2.41 0.282 49.6 66.5 -------------------------------------------------------------------------- Includes 245.30 246.05 0.75 0.74 0.608 110.0 146.5 -------------------------------------------------------------------------- -------------------------------------------------------------------------- BP09-393 -------------------------------------------------------------------------- Martha 89.30 95.26 5.96 5.94 0.513 242.5 273.3 -------------------------------------------------------------------------- Includes 90.50 94.18 3.68 3.67 0.697 272.6 314.4 -------------------------------------------------------------------------- -------------------------------------------------------------------------- BP09-394 -------------------------------------------------------------------------- Martha 122.00 126.00 4.00 3.98 0.143 57.5 66.1 -------------------------------------------------------------------------- Includes 122.00 123.00 1.00 1.00 0.242 133.0 147.5 -------------------------------------------------------------------------- -------------------------------------------------------------------------- BP09-401 -------------------------------------------------------------------------- Martha 152.45 154.65 2.20 2.20 0.381 386.2 409.1 -------------------------------------------------------------------------- Includes 153.20 154.65 1.45 1.45 0.493 562.0 591.6 -------------------------------------------------------------------------- -------------------------------------------------------------------------- (i)- 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 and a detailed drill plan map are available on the company's website. 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. We seek Safe Harbor.