Mr. Akiko Levinson reports
IRVING RESOURCES SAMPLES HIGH-GRADE FLOAT AT ITS OMU GOLD-SILVER PROJECT, HOKKAIDO, JAPAN
Irving Resources Inc. has sampled high-grade quartz vein float at its 100-per-cent-controlled Omu gold-silver project in Hokkaido, Japan.
While following up stream sediment anomalies (please refer to Irving Resources' news release dated Jan. 3, 2018, for further details), Irving Resources geologists identified banded quartz vein and other pieces of mineralized float along recently constructed logging roads in areas around the historic Hokuryu mine. Logging roads often provide the only geologic exposure in this heavily vegetated terrain. Inquiries made by Irving Resources with the Hokkaido prefectural forestry agency and local logging road constructors confirm no exotic material was placed on these roads. All road base material is locally derived. Therefore, Irving Resources believes that the quartz vein float material reported in this news release is derived from nearby bedrock.
Samples of quartz vein float collected along a one-kilometre-long west-northwesterly trend, beginning approximately 700 metres west of the Hokuryu mine, are particularly noteworthy. Results are provided in the attached table.
QUARTZ VEIN FLOAT SAMPLES FROM HOKURYU WEST Sample IDAu (g/t)Ag (g/t)Au (o/t)Ag (o/t) OM-HT00335.2 5681.13 18.26OM-HT004 3.5 1020.113.28 OM-HT00559.8 1,2451.92 40.03OM-HT00636.3 1,0001.17 32.15OM-HT007 155 6174.98 19.84OM-HT009 138.5 5004.45 16.08OM-HT010 2.9 1800.095.79 OM-HT011 8.5530.27 1.7OM-RH02839.7 7081.28 22.77OM-RH03020.3 3420.6511.0 OM-RH03239.5 6711.27 21.58OM-RH044 8.2470.261.51 OM-RH04621.6 4570.69 14.69Samples in this table are of select float and not necessarily representative of mineralization at Hokuryu West.
In addition, Irving Resources geologists collected seven samples of variably altered and silicified volcanic rock and breccia, with gold values ranging from 0.14 gram per tonne to 0.53 gram per tonne, and silver values ranging from three grams per tonne to 19 grams per tonne.
Irving Resources believes the West Hokuryu area may host extensions of the Hokuryu vein system. The Hokuryu mine, owned by Nihon Mining Company Ltd., operated briefly around 1928 until it was shut in 1943 due to the Gold Mine Closure Act near the end of World War II. It produced approximately 2.8 tonnes gold and 11.5 tonnes silver during its short life.
In an area approximately 2.5 kilometres southwest of the Hokuryu mine, a sample of quartz vein float returned 20.8 g/t Au and 59 g/t Ag, and two samples of silicified and quartz-veined volcanic rock returned 1.78 g/tAu and 0.68 g/t Au, and 19 g/t Ag and 24 g/t Ag. One sample of quartz vein float collected approximately one kilometres northeast of Hokuryu mine returned 7.14 g/t Au and 41 g/t Ag. Six samples of variably silicified and quartz-veined volcanic rocks from areas north, northeast and east of the Hokuryu mine returned 0.03 g/t Au to 2.5 g/t Au as well as 0.5 g/t Ag to 57 g/t Ag. Samples discussed above are of select float and not necessarily representative of mineralization in this area.
Irving Resources is currently conducting further prospecting in vicinities around the Hokuryu mine and to the north, where there are historic reports of high-grade veins. Follow-up soil sampling and geophysical work is currently being planned at Hokuryu West.
"We are encouraged by results from select float samples collected around the historic Hokuryu mine," commented Akiko Levinson, president and a director of Irving Resources. "Right now, we are conducting further prospecting, sampling and baseline soil sampling at Hokuryu West. Next season, we plan to conduct more advanced exploration, including soil sampling and geophysical work similar to that done at our Omui mine and Omu sinter target areas."
Drill contract signed
Irving Resources recently signed a diamond drilling contract with Rodren Drilling Ltd. of Winnipeg, Man., to undertake diamond drilling at its Omu project. A diamond drill is currently being mobilized to Hokkaido and is expected to reach Omu in approximately two weeks. Although necessary permits are still awaiting, Irving Resources,Mitsui Mineral Development Engineering Co. Ltd. and Rodren are concurrently working on necessary staffing for a drill program. Further information about the commencement of drilling will be made available when more information is in hand.
All samples discussed in this news release were collected by Irving Resources geologists from float, loose rock in soil, believed derived from subcropping bedrock and veins. They are not necessarily representative.Irving Resources submitted rock samples to ALS Laboratory in Vancouver, B.C., for analysis.Gold and silver were analyzed by fire assay with gravimetric finish.Multielements were analyzed by mass spectrometry following three-acid digestion. Lab standard and blank samples were utilized for quality assurance and control.
Dr. Quinton Hennigh, PhD, PGeo, is the qualified person pursuant to National Instrument 43-101. Dr. Hennigh is responsible for, having reviewed and approved, the technical information contained in this news release. Dr. Hennigh is a technical adviser and director of Irving Resources.
About Irving Resources Inc.
Irving Resources is a junior exploration company with a focus on gold in Japan. Irving Resources also holds, through a subsidiary, project venture agreements with Japan Oil, Gas and Metals National Corp. (JOGMEC) for joint regional exploration programs in Tanzania, Malawi and Madagascar. 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.
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