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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.
Orko Silver hires independent firm for technical review of La Preciosa
Orko Silver Corp. (CVE:OK) said today it has hired engineering consultancy AMEC Americas to provide a technical review of its La Preciosa silver-gold deposit in Durango, Mexico.
La Preciosa is under a joint venture agreement with Pan American Silver (TSE:PAA), which has the option to earn a 55% interest in the property by bringing the deposit into production. Orko retains a 45% interest carried to production.
AMEC will be working together with consulting firm Snowden, which was appointed by Pan American for evaluating the resource estimates and mine designs.
A preliminary assessment for La Preciosa has been scheduled for the second quarter, which is expected to give consultants sufficient time to examine three mining scenarios: underground, combined underground / open-pit, and a large open-pit operation.
Pan American recently optioned a property next to La Preciosa, called the Carina project, from Canasil Resources (CVE:CLZ). Because of the proximity of the two properties, Carina has been assigned to the La Preciosa joint venture by Pan American.
