Orko Announces A Significant Upgraded Resource At La Preciosa Silver Project

VANCOUVER - Orko Silver Corp. reported that an updated resource estimate performed by MiningPlus on its La Preciosa Silver Project has resulted in an increase of 124% in the size of the open pit Indicated Mineral Resource and an increase of 535% for the open pit Inferred Mineral Resource.

Gary Cope, President of Orko, states; "It is immensely satisfying to finally see the new resource for La Preciosa. The increase in grade and tonnes of the open pit model confirms our belief in the La Preciosa deposit. We cannot emphasize enough the significance that the 110 million Indicated silver equivalent ounces and 127 million Inferred silver equivalent ounces are contained within an optimized Whittle Pit. This bodes extremely well for the potential economic viability of the La Preciosa project and for our objective of seeing La Preciosa become a prominent Mexican silver producer. We always felt that the deposit could possibly be mined by way of much larger open pits thus capturing many more ounces than in the previous modelling. We are eagerly awaiting the completion of the new PEA to see the how this could potentially enhance the economics of La Preciosa."Resource Statement The open pit mineral resources for the La Preciosa Project are 29,213,000 tonnes grading an average of 117 g/t silver equivalent classified as Indicated Mineral Resources, with an additional 40,026,000 tonnes grading an average of 98 g/t silver equivalent classified as Inferred Mineral Resources. This resource is based upon a 25 g/t silver cut-off grade and contained within two potentially economically mineable pit shells.  Underground mineral resources are 80,000 tonnes grading an average of 79 g/t silver equivalent classified as Indicated Mineral Resources, with an additional 2,900,000 tonnes grading an average of 116 g/t silver equivalent classified as Inferred Mineral Resources. The resource is based upon a 60 g/t silver cut-off grade to reflect the higher mining costs associated with underground mining methods.

The updated Indicated Mineral Resource contains an estimated 110,000,000 oz AgEq with another 138,000,000 oz AgEq categorized as Inferred. The following material changes incorporated into the updated resource estimation contributed to the significant increase in the open pit mineral resource: 32 previously drilled holes have been added to the resource model; Vein definition has been refined through the careful review and correlation of drill hole intercepts, reducing errant dilution and nugget effect; MiningPlus modeled 68 discrete veins independently to define the deposit model, an increase from the 18 veins previously modeled in the last resource estimate.