Orko has Retained the Services of AMEC for a
Review of La Preciosa
VANCOUVER, British Columbia - Orko Silver Corp. (TSX.V: - OK) has retained the services of the engineering
consultancy firm AMEC Americas Limited
to provide a technical review of Orko�s La Preciosa Silver-Gold Deposit in
Durango, Mexico.
Orko has a
joint-venture with Pan American Silver
Corp. (TSX: � PAA) for the design and mine development of La Preciosa, a
major epithermal, silver-rich deposit, located 45 kilometres northeast of the
city of Durango. Pan American has been conducting diamond drilling, engineering
and community relations work since June 2009 and can earn a 55% interest in the
JV by bringing La Preciosa into production. Orko retains a 45% interest carried
to production.
AMEC will
be working in conjunction with the consulting firm Snowden, which has been
retained by Pan American for evaluating the resource estimates and mine
designs.
Gary Cope, President of Orko, states; �AMEC has worldwide experience in project
evaluations of this type and we value their advice.�
A
Preliminary Assessment (PA) for La Preciosa has been scheduled for the second
quarter of 2011. This will give Pan American and its technical consultants
sufficient time to examine various alternate mining methods and extraction
scenarios. The three main approaches are to examine the mining as i) an
underground operation, ii) a combined underground / open-pit operation, or iii)
a large open-pit operation.
Adjacent to
La Preciosa is the low-sulphidation silver-gold �Carina Project� of Canasil Resources Inc. (TSX.V: CLZ).
Canasil announced on November 19, 2010, that Pan American has optioned the
Carina Project. As the 12,147 hectares of mineral concessions on the Carina
Project are contiguous with La Preciosa, within the area-of-interest, Pan
American has assigned Carina to the La Preciosa Joint Venture.
Terms of
the Carina joint venture can be found on the following website:
http://www.canasil.com/news_releases/index.php?&content_id=182
About Orko Silver Corp.
Orko Silver Corp. is developing
one of the world�s largest primary silver deposits, La Preciosa, located near
the city of Durango, in the State of Durango, Mexico.
ON BEHALF OF THE BOARD OF DIRECTORS
Gary Cope
President
For further information, contact Orko Silver Corp. at (604) 687-6310 or via our website on line at www.orkosilver.com
The TSX Venture Exchange has
not reviewed and does not accept responsibility for this News Release.� This News Release may contain forward-looking
statements including but not limited to comments regarding the timing and
content of upcoming work programs, geological interpretations, receipt of
property titles, potential mineral recovery processes, etc. Forward-looking
statements address future events and conditions and therefore
involve inherent risks and uncertainties. Actual results may differ materially from
those currently anticipated in such statements. Orko
relies upon litigation protection for forward-looking statements.
.