La Preciosa project

Orko Silver and Pan American Silver continue to advance the La Preciosa project.

Orko Silver Corp. (under previous name "Orko Gold Corporation") entered into an option agreement in late 2003 with two companies under the direction of Luismin S.A. de C.V., now a part of Goldcorp Inc., to acquire an interest in the La Preciosa silver-gold prospect. A news release, dated 4 March 2006, states that Orko has reached an earn-in position and by agreement has 100% of La Preciosa, with Goldcorp holding an equity interest in Orko.

La Preciosa property is located in Durango State, 47 km northeast of the city of Durango. It consists of a block of mineral exploitation concessions covering 32,400 hectares (80,000 acres) located southeast of the village of Francisco Javier Mina, northwest of the village of Francisco I. Madero and east of the village of Ricardo Flores Magon.

La Preciosa property covers Tertiary aged gold and silver bearing epithermal quartz veins, with barite and lesser quantities of base metals, primarily zinc and lead. There are three major vein and vein-breccia systems exposed on a series of hills and ridges, separated by flat floored valleys roughly 800 m wide. The main vein system consists of northward striking and westward dipping veins, plus east striking south dipping cross-cutting veins. The eastern vein-breccia system (Zona Oriente) strikes northwest. Two systems may intersect to the north beneath younger basalt. To the west of these is a third sub-parallel vein system, with north and northwest trending veins, dipping to the west.

La Preciosa veins are composed of poly-phase veins of quartz, often banded, smoky, chalcedonic and amathystine, with a substantial amount of barite laths. Sulphide mineralization is scarce on surface and in the shallow underground workings. Drill core contains disseminated sphalerite, galena, pyrite and acanthite, plus iron and manganese oxides. Wall rocks adjacent to the veins are silicified, particularly between the prominent veins La Gloria and Abundancia. Kaolinite and hematite alteration is common, as well as more distal propylitic chlorite, epidote and pyrite. (Read More)

Gary Cope
Position: President, CEO and Director
Also President of Orex Minerals Inc. Former President & CEO of Eaglecrest Explorations Ltd., has helped raise funds for various mining projects.
     
Mike Devji
Position: Executive Vice President and Director
Also President & CEO of Blackcomb Minerals Inc. An experienced financier of public companies, Mr. Devji led a group of investors who financed a 40% interest in the South Kemess Gold-Copper Deposit in British Columbia, Canada. That interest was subsequently sold for over $400 Million.
     
George Cavey, P.Geo.
Position: Vice-President Exploration and Director
Has managed exploration programs worldwide for 30 years. Past President of the Canadian Council of Professional Geoscientists. The 2004 recipient of the C.J. Westerman Award-APEGBC's highest honor for a Professional Geoscientist.

B. H. (Ben) Whiting, M.Sc., P.Geo.
Position: Chief Geologist
Please also an adjunct Professor at Queen's University, Mr. Whiting is a member of the Association of Professional Engineers and Geoscientists of British Columbia (APEGBC). He is also a recipient of the Economic Geology Award from the Aaro Aho Foundation.
     
Art Freeze, P.Geo.
Position: Consulting Geologist, Advisory Board Member
Has held consulting, supervising and managing positions with several mining companies including: Cominco Ltd., Pasminco Exploration, Echo Bay Mines and Pan American Silver Corp. He is President of Stillwater Enterprises Ltd. and was the primary Consulting Geologist for Goldcorp Inc. until June 2007.

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