Orko Gold Corporation

Orko Gold Corporation

March 21, 2006 08:00 ET

Orko Drills Best Hole to Date at La Preciosa

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 21, 2006) - Orko Gold Corporation ("Orko" or the "Company") (TSX VENTURE:OK) is pleased to report that it has received assay results for Holes BP05-27 and BP05-28 of its Phase 3 drill program currently underway on its 100% owned La Preciosa project in Durango, Mexico.


Hole BP05-27 was collared 100 metres south of Holes BP05-25 and BP05-26 in Zona Sur.

Width Width
Vein From To (m) (m) Au(g/t) Ag(g/t) Ag-Eq(g/t)
Abundancia 136.22 138.66 2.44 2.11 0.153 169.0 178.2

Unnamed 148.63 148.99 0.36 0.28 0.113 166.0 172.8

Unnamed 211.42 212.92 1.50 1.41 0.469 101.1 129.3
Includes 211.42 212.00 0.58 0.55 1.120 208.0 275.2


Hole BP05-28 was collared from Zona Sur, passing obliquely through the Abundancia Vein at a 50 degree angle, then a smaller unnamed vein before reaching the Transversal Vein, then onto another oblique vein, Chabelita.

Width Width
Vein From To (m) (m) Au(g/t) Ag(g/t) Ag-Eq(g/t)
Abundancia 71.92 80.47 8.55 5.50 0.179 521.6 532.4
Includes 71.92 77.34 5.42 3.48 0.255 690.6 705.8
Includes 71.92 76.72 4.80 3.09 0.285 756.1 773.3
Includes 71.92 74.37 2.45 1.57 0.389 1255.8 1279.2
Includes 73.17 74.37 1.20 0.77 0.491 2290.0 2319.5

Unnamed 105.00 107.90 2.90 1.86 0.143 75.6 84.2
Including 106.68 107.36 0.68 0.44 0.186 157.0 168.2

Transversal 158.29 167.16 8.87 7.68 0.093 84.8 90.4
Includes 163.71 167.16 3.45 2.99 0.091 145.9 151.4
Includes 163.71 165.46 1.75 1.52 0.136 177.0 185.1
Includes 163.71 165.16 1.45 1.26 0.155 190.0 199.3

Chabelita 201.77 204.84 3.07 1.54 0.621 688.5 725.8
Includes 201.77 204.59 2.82 1.41 0.666 723.0 762.9
Includes 203.78 204.84 1.06 0.53 0.745 1201.7 1264.4

Gary Cope, President of Orko, adds, "We are encouraged and excited that Hole BP05-28 intersected four vein structures and contains the best intercepts drilled to date on La Preciosa. Of significance is that Hole BP05-28 was collared 200 metres south of the furthest southern hole used to calculate our Initial Inferred Resource Estimate announced January 19th, 2006. It has successfully proven that significant mineralization is found south of the Transversal Fault, an east-west striking, south dipping normal fault, which marks the boundary between the Mina La Preciosa area and Zona Sur. The results add to our confidence that further extensions to the south should prove fruitful. Drilling continues at La Preciosa using two diamond drill rigs and we are eagerly anticipating further results from the ongoing 10,000 metre program."

Quality Assurance/Quality Control Program

The Company maintains a detailed QA/QC program under the supervision of Ben Whiting, P.Geo. Samples from the drill program were sent to SGS Mineral Services prep lab in Durango, with the pulps then sent to SGS Mineral Services, an accredited laboratory in Toronto, Canada. All samples have been analyzed by 40 element Inductively-Coupled Plasma (ICP) analyses, with gold determined by Fire Assay (FA) and silver determined by Atomic Absorption Spectrometry (AAS). Coarse sample rejects were then collected from SGS in Durango and returned to the project site to be available for future testing. A detailed QA/QC program has been implemented since the beginning of the 2005 drilling, with control standards and blanks being inserted every 10th sample submitted, as well as duplicate analyses.

About La Preciosa

La Preciosa is an epithermal vein hosted silver-gold deposit located on the eastern side of the Sierra Madre Occidental Mountains of north-central Mexico. An independently verified Initial Inferred Mineral Resource Estimate (released January 19, 2006) concluded, based on work completed, that the property contains an Inferred Resource of 2.72 million tonnes grading 0.463 grams of gold per tonne (g/t) and 227.2 grams of silver per tonne (g/t) for a silver-equivalent grade of 255.0 g/t. Contained metal in the Inferred Resource equals 19.9 million ounces of silver and 40,400 ounces of gold for a silver-equivalent of 22.3 million ounces of silver using a 60 to 1 silver/gold ratio with no provisions for relative anticipated recovery rates.

Less than 20% of the initial target has been drilled along strike and only to a depth of 300 metres. The deposit remains open to the North and South and to depth.

About Orko

Orko is an exploratory resource company focused on silver and gold properties in Mexico. La Preciosa, the Company's principal project, located near the city of Durango, is an advanced silver and gold project. On March 3rd, 2006, Orko acquired the remaining 25% interest to hold 100% in the project from Luismin S.A. de C.V. (a subsidiary of Goldcorp, Inc.), for USD $1 Million in shares of Orko at a deemed price of CAD $0.48 per share, making Goldcorp a significant shareholder and strategic partner of Orko.


Gary Cope, President

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.

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