Japan's Ministry of Economy, Trade and Industry has approved Irving Resources' (CSX: IRV) Otoineppu prospecting plan, which includes drilling, at its Omu Sinter prospect, part of its 100% owned Omu gold-silver project near Hokkaido, Japan.
Irving will now submit a mine safety regulation permit to the Japanese government. The company meanwhile is trying to get work permits for a Canadian drill crew to run an upcoming drill program. The company brought a drill to Omu last year and it recently built a drilling and core processing yard about 1 km from Omu Sinter. Samples Irving took along a 1 km northwesterly trend beginning 700 metres west of Hokuryu include 35.2 grams per tonne gold and 568 grams per tonne silver
Last October, Irving sampled high grade quartz vein float at Omu. Irving geologists found banded quartz vein along newly built logging roads near the historic Hokuryu mine while following up on stream sediment anomalies.
Samples Irving took along a 1 km northwesterly trend beginning 700 metres west of Hokuryu include: 35.2 grams per tonne gold and 568 grams per tonne silver, 59.8 grams gold and 1,245 grams silver, 36.3 grams gold and 1,000 grams silver and 39.7 grams gold and 708 grams silver.
Shortly after, the Japanese government approved Irving's Omui mine plan, which covers drilling and bulk sampling at its Omui prospect, also part of the Omu project.
In late November 2018, the company raised more than $2 million by issuing 1.89 million shares at $1.10 per share. The company plans to use the private placement to fund further exploration.
This article originally appeared in The Northern Miner.