Orko Gold Corporation

Orko Gold Corporation

March 21, 2005 09:00 ET

Orko Commences Drilling on La Preciosa Mineral Project, Durango State, Mexico


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: ORKO GOLD CORPORATION

TSX VENTURE SYMBOL: OK

MARCH 21, 2005 - 09:00 ET

Orko Commences Drilling on La Preciosa Mineral
Project, Durango State, Mexico

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 21, 2005) - Orko Gold
Corp., ("Orko" or the "Company"), (TSX VENTURE:OK), is pleased to
announce that it has commenced a minimum 5,000 meter diamond drill
program to complete 12 to 15 holes on selected targets on La Preciosa
Silver/Gold project in Mexico. As previously announced, Major Drilling
Group International Inc. has been engaged to complete the drill program.
Mr. Ben Whiting, M.Sc., P. Geo, the Company's consulting geologist
conducted an initial mapping and sampling program which outlined eight
separate targets on the property. The Company also completed an IP
survey to further assist in determining drilling targets, results are
expected next week. La Preciosa is a classic Mexican style
low-sulphidation epithermal system that can be traced over 4.5
kilometres in length with well-defined individual veins exceeding 800
meters in length. The drill targets include Mina Las Preciosa, the site
of the old mine which contains 2.5 kilometers of drifts and crosscuts
completed in the 17th century. An exploration program initiated in the
early 1980 by Luismin S.A. de C.V. ("Luismin"), resampled the
underground workings and identified high grade zones over significant
thickness. In addition, Luismin completed seven diamond drill holes in
the area of principal workings. The following drill intercepts (drill
intervals report, not true widths) were among those encountered by
Luismin:



--------------------------------------------------------------------
Hole Hole No of
Depth Samples From To Interval Au Ag
(m) Analyzed (m) (m) (m) (g/t) (g/t)
--------------------------------------------------------------------
BP 1 123.5 2 88.50 103.60 13.6 0.1 232
--------------------------------------------------------------------
BP 3 195.0 10 145.00 150.00 5.15 0.2 86
--------------------------------------------------------------------
BP 6 156.5 10 146.00 148.85 2.75 1.0 343
--------------------------------------------------------------------
BP 6A 187.1 15 132.00 136.90 4.45 0.8 145
--------------------------------------------------------------------
143.40 145.10 1.64 1.0 208
--------------------------------------------------------------------
150.00 150.55 0.55 0.5 270
--------------------------------------------------------------------
BP 7 310.1 37 104.60 106.30 1.5 1.5 235
--------------------------------------------------------------------
171.30 173.55 2.25 0.5 253
--------------------------------------------------------------------
262.00 265.00 2.73 0.8 232
--------------------------------------------------------------------


It is estimated that Luismin spent approximately US$2,000,000 at the
site.

At La Preciosa, the vein trend is principally northwesterly, although
there are subordinate mineralized vein systems that run in the east-west
direction. These east-west veins typically have higher gold values. The
veining typically averages 2.5 meters true width. Veta Abundancia trends
north-south and dips in a westerly direction between 400 and 600. Mining
has traced Veta Abundancia, over roughly 150 metres vertically, from the
uppermost surface breakthrough, to the lowest working, approximately 70
metres beneath the 2,065 Level. Veta Gloria lies to the west of
Abundancia and is almost vertical, to steep west dipping. The 17th
century underground work has traced Veta Gloria, over roughly 110 metres
from the uppermost surface breakthroughs, to the lowest workings, which
are along the 2,065 Level. A third vein called Luz Elena in a west
dipping vein that was cut in one of the drill holes (No. 7). All veins
are interpreted to converge at depth with an increased width, which is
the principal target of the current drill program. Typically, silver
grades in the Mexican low-sulphidation epithermal systems increase with
depth, work done to date has supported this model and the current
drilling program will be testing for a further increase in precious
metal grades at increased depths. For a schematic diagram of the vein
structures, please visit our website at
www.orkogold.com/projects/la_preciosa/map_gallery.

Previously, no drifting below the 2,065 meter level has taken place,
however the Company will drill below this level to try to intersect the
merging of known veins. The drilling program is budgeted at
approximately US$600,000.

Drilling will be conducted under the supervision of Ben Whiting, M.Sc.,
P.Geo. Mr. Whiting is a registered geoscientist with a international
consulting practice for planning and conducting projects from concept,
through to underground exploration, feasibility studies and development.
Mr. Whiting is also an adjunct Professor at Queen's University. His
research involves resource and reserve estimation methodologies and
reporting standards, feasibility studies and geological models. He
serves on the Masters of Mineral Exploration Program Committee. Mr.
Whiting is a Qualified Person and takes responsibility for the technical
disclosure in this news release.

ON BEHALF OF THE BOARD OF DIRECTORS

Gary Cope, President


-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Kottmeier Resolution Group
    Kris Kottmeier
    (604) 689-7422
    info@krgltd.com
    or
    Orko Gold Corp.
    Mike Devji
    (604) 684-4691
    (604) 684-4601 (FAX)
    info@orkogold.com
    www.orkogold.com
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.