Irving Resources Applies for Prospecting Licenses Over Large Land Position Covering Multiple Geochemical Anomalies on the Noto Peninsula, Honshu, Japan
IRVING RESOURCES INC.
999 Canada Place, Suite 404
Vancouver, B.C., Canada V6C 3E2
March 12, 2021
NEWS RELEASE
Irving Resources Applies for Prospecting Licenses Over Large Land Position Covering
Multiple Geochemical Anomalies on the Noto Peninsula, Honshu, Japan
Vancouver, British Columbia, March 12, 2021 (Globe Newswire) – Irving Resources Inc.
(CSE:IRV; OTCQX: IRVRF) (“Irving” or the “Company”) is pleased to announce that its
wholly-owned subsidiary, Irving Resources Japan GK, has applied for 99 prospecting licenses
covering approximately 337.37 sq km on the Noto Peninsula, Honshu, Japan (Figures 1-4). These
prospecting licenses cover four discrete target areas displaying strong stream sediment gold, silver,
arsenic, antimony, mercury and/or copper anomalism and, once granted, would make Irving the
largest holder of prospecting licenses in this highly prospective area. Prospecting license
applications have been accepted by the Ministry of Economy, Trade and Industry (METI) Chubu
Bureau and a multi-step review now begins for the final approval. Mitusi Mineral Development
Engineering Co., Ltd. (MINDECO) is assisting the Company throughout the process.
During the latter half of 2020, Irving conducted stream sediment surveys over much of the Noto
Peninsula, a region with geologic similarities to nearby Sado Island, host to the famous high-grade
gold mine, Sado Kinzan (Mitsubishi Corporation). Gold was discovered at Sado Kinzan in 1601
and was mined continuously for 388 years making it one of the longest lived gold mines on earth
with recorded production of 2.51 million oz Au and 74 million oz Ag. Veins at Sado Kinzan are
classed as epithermal, were productive over vertical distances of several hundred meters and
display anomalously high copper values. Beyond Sado Kinzan type veins, Irving considers the
Noto Peninsula prospective for other styles of gold mineralization including intrusion related type.
Upon review of stream sediment analyses and recognition of several significant gold and multi-
element anomalies, Irving decided to stake four blocks of prospecting licenses, Northeast Noto,
East Noto, Central Noto and Southwest Noto. Each area is described below:
Northeast Noto: 16 prospecting license applications cover an area with a strong multi-catchment
gold and silver response. Strong to moderate arsenic and antimony is associated with this anomaly.
Mercury and copper are weakly anomalous. Irving believes that Northeast Noto is prospective for
epithermal vein and/or intrusion related gold-silver mineralization.
East Noto: 11 prospecting license applications cover an area with moderate multi-catchment gold
anomalism. Silver and copper are moderately to strongly anomalous, antimony is highly
anomalous in one catchment, and arsenic and mercury are low to moderately anomalous. Irving
believes East Noto is prospective for Sado Kinzan type epithermal mineralization.
Central Noto: 53 prospecting license applications cover a large area of varied geochemical
anomalism. In the west, numerous catchments display moderate to strong gold anomalism, the
most concentrated part of which is approximately 4 km in diameter. Silver is low to moderately
anomalous with the exception of one small catchment in which silver is strongly elevated. Arsenic
and antimony are moderately to strongly anomalous, interestingly, the most notable areas of which
occur on the fringes of the strongest gold anomalism. Copper is broadly moderately anomalous in
the same areas as gold. Mercury is strongly anomalous in an area east of the strongest gold, perhaps
a reflection of preservation of the high level part of an epithermal system in that area. Clay and
silica deposits are known in this region, perhaps an indication of hydrothermal activity. Irving
considers Central Noto highly prospective for Sado Kinzan type epithermal mineralization.
Southwest Noto: 19 prospecting license applications cover a discrete gold and multi-element
anomaly. Highest gold occurs in three catchments in the southern half of this block. Moderate to
strong silver, arsenic, antimony and mercury are associated with gold. Modest copper anomalism
occurs in this general area. Irving believes Southwest Noto is prospective for Sado Kinzan type
epithermal mineralization.
All prospecting license applications at Noto Peninsula are subject to the Irving-Newmont Mining
Exploration Alliance detailed in the Company’s news releases dated April 23, 2019 and February
13, 2020.
“We are very happy to add these exciting new Noto Peninsula prospects to our existing high quality
portfolio of Japanese gold projects,” commented Dr. Quinton Hennigh, director and technical
advisor to Irving. “Like Hokkaido and Kyushu, we see district scale opportunity at Noto. The
geology of this region shares similarities to nearby Sado Island, host to the famous Sado Kinzan.
The chemical signature of our four new blocks displays characteristics of this type of gold system.
We will be eager to conduct follow up prospecting activities at Noto this coming summer.”
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 were collected by MINDECO personnel under
supervision of Company staff. Stream sediment samples were processed to retrieve fine sediment
fractions. Samples were submitted to Newmont Mining’s analytical laboratory in Colorado and
subjected to proprietary gold and multi-element analyses. A strict regimen of blanks and duplicates
were inserted in the sample stream.
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.
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: Land Position Map.)
(Figure 2: Plan view of stream sediment Au results from the Northeast Noto, East Noto, Central
Noto and Southwest Noto claim blocks.)
(Figure 3: Plan view of stream sediment Ag results from the Northeast Noto, East Noto, Central
Noto and Southwest Noto claim blocks.)
(Figure 4: Plan view of stream sediment Cu results from the Northeast Noto, East Noto, Central
Noto and Southwest Noto claim blocks.)