Orko Gold Corporation

Orko Gold Corporation

March 03, 2005 09:00 ET

Orko Gold Corporation-I.P. Program Complete: Drilling to Commence on La Preciosa


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: ORKO GOLD CORPORATION

TSX VENTURE SYMBOL: OK

MARCH 3, 2005 - 09:00 ET

Orko Gold Corporation-I.P. Program Complete: Drilling
to Commence on La Preciosa

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 3, 2005) - Orko Gold
Corporation ("the Company") (TSX VENTURE:OK) is pleased to announce that
it has completed the field portion of its Induced Polarization (IP)
survey for the La Preciosa silver/gold project. Results from the
interpretation are expected in the next few weeks. In addition, the
Company is pleased to announce that it has engaged Major Drilling Group
International Inc. ("Major Drilling") for its planned 2005 drill program.

Major Drilling will complete a minimum of 5,000 metres of diamond
drilling encompassing twelve to fifteen holes on select targets at La
Preciosa. Drilling is projected to start in mid March 2005.

La Preciosa is a joint venture with Wheaton River Minerals and the
property is located approximately 70 kilometres north-west of Durango,
Mexico. La Preciosa is a classic low-sulphidation epithermal system that
can be traced over 4.5 kilometres in length with well-defined individual
veins exceeding 800 metres in length.

The existing 2.5 kilometres of underground workings at La Preciosa date
back prior to the Mexican Revolution. An exploration program initiated
in the early 1980's by Luismin SA de CV ("Luismin") acquired in 2003 by
Wheaton River, resampled the underground workings and identified
high-grade zones over significant thicknesses. Luismin initiated
drilling which was prematurely terminated due to falling metal prices.

Gary Cope, President of Orko Gold Corporation, says: "We are very eager
to begin the initial drilling phase at La Preciosa. We have just
completed an extensive IP program, the results of which will further
assist us in pinpointing drill targets especially to the North in
previously untested areas. We have seen evidence from previous Luismin
drill holes completed in the 1980's that show the vein increases
substantially in width at the first intersection. We believe that
further widening will occur at deeper intersections of the veins."

ON BEHALF OF THE BOARD OF DIRECTORS

"Gary Cope"

Gary Cope, President

Ben Whiting, P. Geo. Consulting geologist, will be serving as Orko Gold
Corporation's Qualified Person (QP) as defined under National Instrument
43-101.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Kottmeier Resolution Group
    Kris Kottmeier
    Investor Relations
    (604) 689-7422
    info@krgltd.com
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