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TSX-V: OSR |
DATE: 5/9/2008 | LAST: $0.53 | VOLUME: 96810 | CHANGE: $-0.09 | DELAY: 15-20min |
ORO SILVER DRILLS 8.2 g/t Au and 89 g/t Ag OVER 2.6 METRES; EXTENDS THE ADIT ZONE AT EL COMPAS MINE, ZACATECAS, MEXICO
Oro Silver Resources Ltd. ("Oro Silver") (TSX-V: OSR) is pleased to report encouraging results from its drilling program at its El Compas Mine property in Zacatecas, Mexico. The drilling confirms and expands the gold and silver continuity of the El Compas Adit zone.
Drill holes 08COM008 and 011 establish a depth extension to at least 60 metres below the underground workings on two, parallel gold and silver-bearing veins that constitute the Adit Zone:
| Drill Hole | From (m) | To (m) | Interval (m) | True Width (m) | Au (g/t) | Ag (g/t) |
| 08COM008 | 86.00 | 94.40 | 8.40 | 6.13 | 2.95 | 167.0 |
| including | 86.00 | 88.90 | 2.90 | 2.12 | 3.56 | 260.0 |
| and | 91.36 | 94.40 | 3.04 | 2.22 | 4.60 | 193.0 |
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| 08COM011 | 59.00 | 74.35 | 15.35 | 11.21 | 2.67 | 33.2 |
| including | 59.51 | 61.95 | 2.56 | 1.89 | 8.19 | 89.4 |
| and | 71.79 | 74.35 | 2.44 | 1.78 | 6.47 | 48.2 |
" We have successfully completed the 5,000 m drill program at El Compas and expect to add significant value to the property based on extending the El Compas ore chute at depth and discovering another significant parallel vein structure (El Orito), which has similar characteristics and potential to El Compas," stated Herve Thiboutot, Vice-President Exploration & Development of Oro Silver.
The longitudinal section (which can viewed in the company's website) shows the location of Oro Silver's current drill holes. All intervals are down-hole lengths.
Quality control
Oro Silver maintains strict quality control programs. All samples were submitted directly to Inspectorate de Mexico, S.A de C.V., for preparation in Durango, Mexico, and analysis in Reno, Nevada. Analysis was conducted on 2 assay ton samples, with standards and blanks inserted every 30 samples. Analysis of Au was by fire assay, with a gravimetric finish on samples exceeding 3 g/t Au. Analysis of Ag was by atomic absorption, with a gravimetric finish on samples exceeding 200 g/t Ag. Triple acid digestion was used on all samples. (download PDF version of the release)
About Oro Silver
Oro Silver is a silver exploration company pursuing early and advanced stage silver-based opportunities primarily in the western hemisphere. The company is focused on (i) developing resources and optimizing mining processes at its El Compas and Vetagrande Mine projects in Zacatecas, Mexico, and (ii) completing additional strategic acquisitions. Oro Silver's strategy is to become a mid-tier silver producer through an aggressive acquisition and development plan focused on advanced-stage projects with known silver resources that exhibit potential for expansion.
ON BEHALF OF THE BOARD OF DIRECTORS,
Gregory Cox
President and CEO
Suite 1400-625 Howe Street, Vancouver BC V6C 2T6
Telephone: 604 646-1586 Facsimile: 604 642-2411
www.orosilver.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Some statements in this release may contain forward-looking information. These statements include, but are not limited to, statements with respect to future exploration, development and production activities and future expenditures. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the time and success of future exploration, development and production activities and the timing and amount of expenditures.







