VANCOUVER, British Columbia, June 25, 2020 (GLOBE NEWSWIRE) -- Irving Resources Inc. (CSE:IRV) (“Irving” or the “Company”) is pleased to announce that recent drilling at Omui Mine Site, part of its 100% controlled Omu Gold Project, Hokkaido, Japan, has encountered multiple epithermal vein intercepts.
2020 Omui Mine Site Drilling Summary:
“We are very pleased with the numerous veins we have seen in our 2020 drill holes from Omui Mine site,” commented Dr. Quinton Hennigh, director and technical advisor to Irving Resources. “We clearly have a lot going on with vein sets following multiple trends. Although we did not see the same veins in the lower part of hole 20OMI-001 that we saw in last year’s hole 19OMI-010, we can now see that these likely follow a southeast trend and dip southwestward meaning we drilled in the footwall of that vein set. At Nanko, our first two holes, 20OMI-002 and 20OMI-003, have encountered multiple veins, some displaying ginguro, a very good sign. Ultimately, it might be that we find that the veins at the bottom of hole 19OMI-010 near Honpi link up with some of the veins we see at Nanko some 400-700 m away. Regardless, we have clearly discovered a robust network of epithermal veins on the property.”
Assays from the forth hole, 20OMS-004, drilled at Omu Sinter earlier this year have returned. This hole, oriented southeastward at an inclination of -60 degrees, encountered a 1.27 m long vein intercept grading 2.39 gpt Au and 58.34 gpt Ag (3.08 gpt Au eq) beginning at 290.73 m down hole. Zones of intense silicification and veining were noted deeper in this hole right before a broad zone of fault gouge was encountered at a down hole depth of approximately 388 m. Irving currently is thinking this silicification and veining may be associated with the targeted vein, but that post mineral faulting has displaced this vein in this area. Irving is currently studying results at Omu Sinter in preparation for follow-up drilling at this important target later in 2020.
The Omu region continues to report no cases of COVID-19, and Irving continues to operate under strict Company guidelines.
All samples discussed in this news release are ½ split sawn diamond core samples. Irving submitted rock samples to ALS Global, Vancouver, Canada, for analysis. Au and Ag were analyzed by fire assay with AA finish. Overlimit samples were assayed by fire assay with gravimetric finish. Multielements were analyzed by mass spectrometry following four acid digestion. Irving staff and personnel from Mitsui Mineral Development Engineering Co., Ltd. (MINDECO) are responsible for geologic logging and sampling of core. Au equivalent is calculated by adding Au (gpt) to Ag (gpt)/85.
Quinton Hennigh (Ph.D., P.Geo.) is the qualified person pursuant to National Instrument 43-101 responsible for, and having reviewed and approved, the technical information contained in this news release. Dr. Hennigh is a technical advisor and director of Irving Resources Inc.
About Irving Resources Inc.:
Irving is a junior exploration company with a focus on gold in Japan. Irving also holds, through a subsidiary, a Project Venture Agreement with Japan Oil, Gas and Metals National Corporation (JOGMEC). JOGMEC is a government organization established under the law of Japan, administrated by the Ministry of Economy, Trade and Industry of Japan, and is responsible for stable supply of various resources to Japan through the discovery of sizable economic deposits of base, precious and rare metals.
Additional information can be found on the Company’s website: www.IRVresources.com.
Akiko Levinson,
President, CEO & Director
For further information, please contact:
Tel: (604) 682-3234 Toll free: 1 (888) 242-3234 Fax: (604) 971-0209
info@IRVresources.com
Forward-looking information
Some statements in this news release may contain forward-looking information within the meaning of Canadian securities legislation including, without limitation, statements as to planned exploration activities. Forward-looking 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, without limitation, customary risks of the mineral resource exploration industry, the availability to Irving of sufficient cash to fund any planned drilling and other exploration activities, as well as the performance of services by third parties.
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