Irving Resources Encounters High Grade Vein Intercepts in Every Hole at the Nanko Target, Omui Mine Site – Initiates 2021 Drill Program
IRVING RESOURCES INC.
999 Canada Place, Suite 404
Vancouver, B.C., Canada V6C 3E2
February 9, 2021
NEWS RELEASE
Irving Resources Encounters High Grade Vein Intercepts in Every Hole at the Nanko
Target, Omui Mine Site – Initiates 2021 Drill Program
Vancouver, British Columbia, February 9, 2021 (Globe Newswire) – Irving Resources Inc.
(CSE:IRV; OTCQX: IRVRF) (“Irving” or the “Company”) is pleased to announce that diamond
drill holes completed at the Nanko vein target have encountered high grade gold-silver vein
intercepts. Nanko is one of two robust vein targets at the Omui Mine Site, part of the Company’s
100% controlled Omu Gold Project, Hokkaido, Japan.
Summary:
- Holes 20OMI-006 through 20OMI-009 are all situated in the eastern part of the Nanko
target area and tested the recently discovered vein system at different orientations to
better understand the orientation of various veins (please refer to plan map in Figure 1
and table of drill orientations in Figure 2). All holes encountered multiple vein
intercepts (see table below). Results include:
o 2.39 m grading 6.77 gpt Au eq (5.22 gpt Au and 103.6 gpt Ag) in hole 20OMI-
006
o 2.99 m grading 4.74 gpt Au eq (4.34 gpt Au and 26.8 gpt Ag) in hole 20OMI-
007
o 2.00 m grading 4.37 gpt Au eq (3.98 gpt Au and 26.1 gpt Ag) in hole 20OMI-
008
o 1.87 m grading 10.27 gpt Au eq (8.88 gpt Au and 93.1 gpt Ag) and a second
interval of 6.50 m grading 4.73 gpt Au eq (4.37 gpt Au and 24.4 gpt Ag)
including 2.51 m grading 9.74 gpt Au eq (9.21 gpt Au and 35.2 gpt Ag) in hole
20OMI-009.
Summary of all 2020 drill results from Nanko:
Hole From (m) To (m) Length (m) Gold (gpt) Silver (gpt) Gold eq (gpt) Silver eq (gpt)
20OMI-002 11.50 14.00 2.50 0.99 49.56 1.73 115.9 *
29.11 34.40 5.29 1.07 12.04 1.25 83.7 *
including 34.06 34.50 0.44 6.10 48.00 6.82 456.7 *
53.65 54.65 1.00 1.60 10.85 1.76 117.7 *
74.70 89.20 14.50 2.90 29.50 3.34 223.8 *
including 75.20 77.00 1.80 7.54 60.79 8.45 566.0 *
including 80.29 82.30 2.01 12.59 91.36 13.95 934.9 *
including 89.00 89.20 0.20 5.24 36.10 5.78 387.2 *
107.70 108.00 0.30 1.80 246.00 5.47 366.6 *
20OMI-003 26.22 32.90 6.68 0.86 45.11 1.53 102.7 *
41.30 55.90 14.60 1.71 21.64 2.03 136.2 *
185.00 187.10 2.10 1.24 37.92 1.81 121.0 *
207.00 221.24 14.24 3.55 69.24 4.58 307.1 *
including 210.00 211.30 1.30 5.99 61.55 6.91 462.9 *
including 218.54 220.30 1.76 8.15 147.29 10.35 693.3 *
225.30 229.00 3.70 2.92 38.43 3.49 234.1 *
including 228.00 229.00 1.00 5.13 32.80 5.62 376.5 *
341.70 343.42 1.72 21.65 538.75 29.69 1989.3 *
including 342.20 342.80 0.60 56.10 1435.00 77.52 5193.7 *
20OMI-004 16.50 71.94 55.44 0.52 15.24 0.75 50.1 *
including 22.80 23.58 0.78 1.68 32.20 2.16 144.8 *
including 34.90 35.90 1.00 2.49 24.30 2.85 191.1 *
140.53 140.75 0.22 4.11 74.50 5.22 349.9 *
20OMI-005 27.45 109.18 81.73 1.02 31.29 1.49 99.6 *
including 28.70 30.30 1.60 7.05 102.50 8.58 574.9 *
including 36.82 37.58 0.76 2.63 47.56 3.34 223.8 *
including 38.00 40.36 2.36 2.51 52.43 3.29 220.6 *
including 52.35 55.70 3.35 3.09 17.89 3.36 224.9 *
including 63.89 64.46 0.57 1.63 140.00 3.72 249.2 *
including 78.40 79.95 1.55 2.95 22.21 3.28 219.9 *
including 92.59 94.00 1.41 5.05 168.96 7.57 507.3 *
including 93.26 93.58 0.32 20.50 572.00 29.04 1945.5 *
including 107.55 108.20 0.65 0.84 300.72 5.33 357.0 *
20OMI-006 33.20 34.16 0.96 1.20 22.3 1.53 102.3
37.20 37.50 0.30 2.12 36.8 2.67 178.8
50.50 52.27 1.77 3.27 42.4 3.90 261.4
68.55 68.90 0.35 0.54 99.7 2.02 135.5
82.00 111.55 29.55 0.88 23.6 1.24 82.8
includes 90.60 92.82 2.22 2.42 53.6 3.22 216.0
includes 104.96 107.35 2.39 5.22 103.6 6.77 453.4
20OMI-007 15.00 17.00 2.00 2.12 42.4 2.75 184.4
32.70 33.00 0.30 0.71 58.7 1.58 105.9
51.89 54.88 2.99 4.34 26.8 4.74 317.6
includes 54.30 54.88 0.58 18.00 92.4 19.38 1298.4
105.92 106.57 0.65 1.57 14.1 1.78 119.0
142.70 143.21 0.51 1.68 112.0 3.35 224.6
20OMI-008 5.00 8.00 3.00 2.84 8.4 2.97 198.7
11.00 13.00 2.00 3.98 26.1 4.37 293.0
17.92 18.50 0.58 1.72 19.5 2.01 134.4
34.61 35.00 0.39 1.34 2.7 1.37 92.1
46.77 48.47 1.70 1.07 32.5 1.55 104.1
84.75 86.75 2.00 1.64 10.6 1.79 120.1
88.75 89.75 1.00 1.09 18.6 1.37 91.6
20OMI-009 15.00 16.00 1.00 0.88 11.0 1.04 69.9
106.00 106.95 0.95 0.70 14.4 0.91 61.0
130.35 131.52 1.17 4.75 8.3 4.88 326.7
163.10 163.40 0.30 2.08 15.5 2.31 154.8
179.60 180.10 0.50 2.52 11.1 2.69 179.9
224.84 235.60 10.76 1.77 49.9 2.52 168.7
includes 227.50 229.37 1.87 8.88 93.1 10.27 688.2
245.50 246.65 1.15 1.39 16.7 1.64 110.1
314.01 320.51 6.50 4.37 24.4 4.73 317.2
includes 318.00 320.51 2.51 9.21 35.2 9.74 652.4
Au eq (gpt) = Au (gpt) + Ag (gpt)/67 (this formula is modified from previous news releases)
* Previously reported in Company news releases dated August 13, 2020 and November 13, 2020
- Remarkably, every drill hole completed at Nanko in 2020 encountered multiple
significant vein intercepts, a clear sign of a robust vein system underlying the area. This
vein system is open in all directions, and it is believed, based on northwest projections
of CSAMT resistivity anomalies that the Nanko veins will connect with the extensive
vein system encountered at the Honpi target approximately 600 m to the northwest.
- At least two principal vein orientations, one trending northwest and the other trending
northeast or east-northeast, are evident. A structural study of the vein system at Omui
Mine Site will be conducted the first half of 2021 and is expected to guide 2021 infill
and step-out drill programs at both the Honpi and Nanko targets.
The 2021 drill campaign has recently been initiated by mobilization of Rodren’s drill crews to
Japan immediately following the lifting of COVID19 travel restrictions by the Japanese
government. Drillers arrived in Japan a few days ago and are going through 14-day self-quarantine.
Drilling will recommence at Omu Sinter once the quarantine period is complete. The plan over the
next few weeks is to complete three of the four holes at Omu Sinter to follow up on targets
generated by the Company’s CSAMT geophysical surveys.
“Remarkably, all eight diamond drill holes completed at Nanko during the latter half of 2020
returned multiple vein intercepts,” commented Dr. Quinton Hennigh, director and technical
advisor to Irving. “To see a hit rate like this in an epithermal vein system in early stage drilling is
a good sign that we have discovered a robust, well-preserved vein system at Nanko. The vein
network is wide open in all directions, and we see evidence in our CSAMT data that Nanko
connects with the Honpi vein network 600 m northwest. We are pleased that Omui Mine Site
continues to show a positive exploration and discovery trajectory. We are also pleased that our
drill team has been able to enter Japan and will soon be gearing up our 2021 drill campaign.”
The Omu region continues to have very few 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)/67.
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
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.
THE CSE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS
RELEASE.
(Figure 1: Plan view of 2020 diamond drill holes at Nanko and assay flags)
(Figure 2: Drill Orientations)
HoleID UTM E UTM N Elevation Length Azimuth Dip
20OMI-002 651901.761 4932574.966 179.46 366.5 179.8 -60
20OMI-003 651709.656 4932485.731 184.231 632.5 15 -60
20OMI-004 651709.409 4932485.756 184.331 242 15.1 -50
20OMI-005 651709.313 4932484.857 184.13 364.7 15.1 -70
20OMI-006 651900.204 4932622.111 179.137 512 219 -55
20OMI-007 651900.592 4932621.932 179.149 359 159.9 -65
20OMI-008 651900.201 4932620.833 179.098 264.52 25 -55
20OMI-009 651833.362 4932789.335 178.257 767.2 165.1 -60