🕐18.10.10 - 17:54 Uhr

Orko Silver Drills High-Grade Intercepts Including 3.59 Metres






Orko Silver Corp.-Engineering Studies Advance on La Preciosa Silver Project: Additional High-Grade Intercepts Include 3.59 Metres Grading 1,040 g/t Silver-Equivalent

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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 18, 2010) - Orko Silver Corp. (TSX VENTURE:OK) is pleased to announce that excellent progress is being made in the technical studies to advance the "La Preciosa" Project in Durango, Mexico. The project also continues to yield favourable results from the ongoing diamond drilling program being completed by our joint venture partner, Pan American Silver Corp. (TSX - PAA).

Pan American Silver is examining various scenarios for the economic evaluation of La Preciosa, including coordinating the work of external engineering studies. These studies have been completed, or are soon to be completed, and are being incorporated into the overall project review:

Golder Associates Ltd. (Canada) has been contracted to conduct geotechnical engineering for both underground and open pit mine design; M-3 Engineering (USA) has been contracted for plant and tailings design, as well as infrastructure costing; Quantitative Group Pty. Ltd. (Australia) has been contracted to conduct geostatistical evaluation and resource modeling; SGS Mineral Services (Mexico) has been contracted to conduct additional metallurgical studies; and Clifton Associates Ltd. (Canada) has been contracted for environmental studies.

Gary Cope, President of Orko, states; "The additional excellent drilling results and engineering studies will lead to a Preliminary Economic Assessment (PEA), to be released by Pan American Silver, which is expected to be ready for the end of the year, or early first quarter 2011. The project is on schedule."

In the Resource area, more high-grade values have been intercepted, such as hole BP10-539, which yielded a true thickness of 7.71 metres in the Gloria vein grading Au 0.646 g/t and Ag 648.0 g/t for a silver-equivalent of 686.8 g/t. This included 3.59 metres grading Au 0.894 g/t and Ag 986.7 g/t for a silver-equivalent of 1,040.3 g/t.

Highlights of Recent Resource Diamond Drilling on La Preciosa

Hole/Vein From To Core Length True Width Au (g/t) Ag (g/t) Ag-Eq (g/t) BP10-539 Abundancia 268.55 271.10 2.55 2.51 0.327 166.6 186.2 Includes 269.70 270.20 0.50 0.49 0.529 288.0 319.7 BP10-546 Abundancia 150.50 160.35 9.85 9.70 0.184 173.9 184.9 Includes 151.60 157.75 6.15 6.06 0.235 232.4 246.5 Includes 157.35 157.75 0.40 0.39 0.477 1,041.0 1,069.6 BP10-551 Abundancia 130.65 136.50 5.85 5.49 0.094 294.1 299.8 Includes 130.65 131.50 0.85 0.80 0.146 906.0 914.8 BP10-539 Gloria 177.75 186.65 8.90 7.71 0.646 648.0 686.8 Includes 179.95 184.10 4.15 3.59 0.894 986.7 1,040.3 Includes 181.95 182.70 0.75 0.65 1.086 1,345.0 1,410.2 BP10-546 Martha 308.90 316.05 7.15 7.12 0.584 101.8 136.8 Includes 309.75 313.10 3.35 3.34 0.769 141.8 188.0 Includes 312.20 313.10 0.90 0.90 0.992 320.0 375.3 BP10-551 Martha 316.65 325.65 9.00



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