Mr. Gary Cope reports
ORKO HAS RETAINED THE SERVICES OF AMEC FOR A REVIEW OF LA PRECIOSA
OrkoSilver Corp. has retained the services of the engineering consultancyfirm AMEC Americas Ltd. to provide a technical review of Orko's LaPreciosa Silver-Gold Deposit in Durango, Mexico.
Orko has a joint-venture with Pan American Silver Corp. for the designand mine development of La Preciosa, a major epithermal, silver-richdeposit, located 45 kilometres northeast of the city of Durango. PanAmerican has been conducting diamond drilling, engineering and communityrelations work since June, 2009 and can earn a 55-per-cent interest inthe JV by bringing La Preciosa into production. Orko retains a 45 percent 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 resourceestimates and mine designs.
Gary Cope, president of Orko, states: "AMEC has worldwide experience inproject evaluations of this type and we value their advice."
A preliminary assessment (PA) for La Preciosa has been scheduled for thesecond quarter of 2011. This will give Pan American and its technicalconsultants sufficient time to examine various alternate mining methodsand extraction scenarios. The three main approaches are to examine themining as i) an underground operation, ii) a combinedunderground/open-pit operation, or iii) a large open-pit operation.
Adjacent to La Preciosa is the low-sulphidation silver-gold Carinaproject of Canasil Resources Inc. Canasil announced on Nov. 19, 2010,that Pan American has optioned the Carina project. As the 12,147hectares of mineral concessions on the Carina project are contiguouswith La Preciosa, within the area-of-interest, Pan American has assignedCarina to the La Preciosa joint venture.