Proactiveinvestors recommends
Additional Information
Market: TSX-V
Sector: General Mining - Silver
EPIC: OK
Latest Price: C$1.39  (0,00%)
52-week High: C$3.18
52-week Low: C$1.05
Market Cap: C$183.09M
1 year chart
digital-look imported chart image
1 day chart
digital-look imported chart image
Watchlist/Portfolio

Add to watchlist:

Only registered members can add into watchlist !

Register here !
Orko Silver
www.orkosilver.com/s/home.asp

Orko Silver Corp. (TSX-V: OK.V) 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 32,400 hectares (80,000 acres) of contiguous mining claims.

Full Orko Silver profile here
Is OK a Buy, Sell or Hold?Get your FREE analysis of OK
Pdf

Orko Silver reports “excellent progress” on preliminary economic assessment of La Preciosa

19th Oct 2010, 9:07 am

Orko Silver (TSX-V:OK) reported additional high grade silver intersects from ongoing drilling and confirmed that “excellent progress” was being made on a Preliminary Economic Assessment (PEA) at the La Preciosa Silver Project in Mexico.  Mid-tier silver producer Pan American Silver (TSX:PAA, NASDAQ:PAAS) is contributing 100% of the funds necessary to develop and construct an operating mine, in consideration for a 55% interest the project.


Drill results released today included some impressive intersects, including (true thickness) 7.7 meters averaging 0.656 grams per tonne gold and 648 grams per tonne silver in drill hole BP10-539, which was drilled into the Gloria vein.


In total Pan American has now completed over 76,000 meters of diamond drilling on La Preciosa designed to both focus on upgrading the current resource and continuing with exploration drilling around the resource area. The current 43 101 compliant Indicated resource estimate is 68.9 million ounces of silver equivalent and an Inferred resource estimate of 77.6 Million ounces of silver equivalent.


Alongside the extensive drilling budget, Pan American is also undertaking a range of studies as part of the PEA. 

Orko Silver confirmed a number of milestones on this front, including the contracting of Golder Associates to complete geotechnical engineering and underground and pit designs, contracting of M-3 Engineering for plant and tailings design, plus infrastructure costing, contracting of Clifton Associates for environmental studies, and Quantitative Group and SGS Mineral Services to undertake resource modelling and metallurgical studies respectively.


"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,” Gary Cope, President of Orko, stated.


Byron Capital Markets recently initiated coverage on Orko Silver with a ‘buy’ rating and a price target of CAD$2.85

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.