TSXV:NORA.H - Post by User
Post by
moltingon Sep 20, 2012 2:00pm
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Post# 20391843
News
News Orko Announces a Significant Upgraded Resource at the La Preciosa Silver Project in Durango, Mexico; A "Superpit" Is Now Being Considered as the Preferred Mining Method
20 Sep 2012 13:51 ET
Marketwire Canada
Orko Silver Corp. (TSX VENTURE:OK) - Orko Silver Corp. ("Orko") is pleased to announce that an updated resource estimate performed by MiningPlus (Canada) Ltd. Vancouver BC, ("MiningPlus") on its La Preciosa Silver Project has resulted in an increase of 124% in the size of the open pit Indicated Mineral Resource and an increase of 535% for the open pit Inferred Mineral Resource.
Highlights:
-- Intense re-evaluation of the database by MiningPlus has generated a revised block model -- Identified open pit Indicated ounces increase from 49 Moz AgEq to 110 Moz AgEq -- Identified open pit Inferred ounces increase from 20 Moz AgEq to 127 Moz AgEq -- Almost all of the mineral resources are now accessible by open pit mining methods