Irving Resources Provides Update on its Yamagano and Satsuma Projects, Kagoshima Prefecture, Kyushu Island, Japan
IRVING RESOURCES INC.
999 Canada Place, Suite 404
Vancouver, B.C., Canada V6C 3E2
December 20, 2021
NEWS RELEASE
Irving Resources Provides Update on its Yamagano and Satsuma Projects,
Kagoshima Prefecture, Kyushu Island, Japan
Vancouver, British Columbia, December 20, 2021 (Globe Newswire) – Irving Resources Inc.
(CSE:IRV; OTCQX: IRVRF) (“Irving” or the “Company”) is pleased to provide an update and
announce plans of work on its Yamagano and Satsuma Au-Ag Vein Projects under the Newmont
Alliance, Kagoshima Prefecture, Kyushu Island, Japan.
Summary:
- Irving Resources recently secured an office near Kagoshima airport from which the
Company will oversee operations at all of its Kagoshima exploration projects (Figure 1).
- To oversee regional operations, Irving welcomes Mr. Masafumi Torimaru, its newly
appointed Kagoshima Mine Manager. Mr. Torimaru served as Director and Production
Manager of Kasuga Mines Co., Ltd., a subsidiary of JX Nippon Mining & Metals
Corporation and holds all prerequisite licenses and certificates necessary to operate all
aspects of exploration and mining.
- Over recent months, in preparation for gearing up its exploration activities, Irving has
engaged in consultations with local government offices, local communities and universities
in Kyushu Island. Irving sees such close relationships as key to its success.
- In response to re ceipt of positive stream sediment analyses, Irving has expanded its
Satusma B block of tenements bringing its total Kagoshima land holdings ( Figure 2) to
11,333 hectares (113.3 3km2). Each of Irving’s claim blocks, Yamagano, S atsuma A,
Satsuma B, S atsuma C and S atsuma D, is centered over an anomalously high gravity
anomaly considered highly prospective for blind epithermal vein mineralization.
- Irving recently contracted local geotechnical firm, Nagasaki Chiken Co., Ltd., to undertake
geologic mapping over the entirety of the Yamagano claim holdings. This work is of high
priority as the Company develops upcoming drill targets. Because the core Yamagano
mining right tenement has been held privately for several hundred years, this will be the
first integrated mapping exercise across the district.
- Detailed gravity and drone magnetics surveys have recently been conducted across the
Company’s Yamagano claims. (Figure 3 – video) The Company will discuss this data upon
final processing.
- Irving is targeting February 2022 to undertake a controlled source audio -magnetotelluric
survey over Yamagano, the final dataset necessary to define drill targets , subject to the
Covid entry restrictions imposed by the Japanese government at that time.
- Once drill targeting is complete, Irving plans to file all necessary applications for Phase
One drilling at Yamagano.
The Yamagano mining district, situated approximately 11 km southwest of the large, high -grade
Hishikari gold mine, is host to innumerable historic gold mine workings, some dating back to
1640AD during the early Edo Period in Japan. Mining was focused on a multitude of high-grade
epithermal gold veins hosted by volcanic rocks blanketing this region. Importantly, the mining
right tenement has seen no modern exploration, including drilling.
Gold veins at Yamagano appear associated with a particular geophysical feature, a n area of
anomalously high gravity, thought to represent a buried uplift, or dome, in underlying denser
basement sedimentary rocks. Such a geologic feature is believed to have focused gold -depositing
hydrothermal fluids to ascend into overlying faults and fissures where they formed extensive high-
grade vein networks.
A gravity high was recognized very early as an important ore control at the Kushikino gold mine
(56 tonnes or 1.80 Moz Au produced) situated approximately 39 km southwest of Yamagano. In
fact, based upon this geologic model, initial targeting of the famous Hishikari deposits (248.2
tonnes or 7.98 Moz Au produced) was driven largely by recognition of an anomalous gravity high
underlying that area. Irving believes the gravity high at Yamagano refl ects a buried dome of
basement rock, and that given the large footprint of this feature, there is considerable prospectivity
for veins elsewhere across the property.
Information published by Mitsui Kushikino Mines Co., Ltd. concerning the Kushikino mine, and
information published by Sumitomo Metal Mining concerning the Hishikari mine, may be
obtained at the links below.
(https://mitsuikushikino-mine.co.jp/en/corporate-information/introduction)
(https://www.smm.co.jp/en/corp_info/location/domestic/hishikari/)
“We are delighted to establish our operational base in Kagoshima,” commented Akiko Levinson,
President and director of Irving. “We are also delighted to welcome Mr. Torimaru, our new Mine
Manager. Mr. Torimaru has an impressive track record as Production Manager of Kasuga Mines
Co., Ltd., a Kagoshima based gold mining company. We are now focused on advancing all of our
Kagoshima assets, especially our Yamagano claim holdings covering one of the most prospective
unexplored high-grade vein districts in Japan. In addition to our plans to soon follow up recent
exploration success at Omu in Hokkaido, we have aggressive plans to explore in Kagoshima in
2022.”
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 Joint Exploration 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, the performance of services
by third parties, and the other risk factors identified in Irving‘s management’s discussion and analysis for the six-month period
ended August 31, 2021, which is available under Irving‘s profile on SEDAR at www.sedar.com. Forward-looking statements speak
only as of the date those statements are made. Except as required by applicable law, Irving assumes no obligation to update or to
publicly announce the results of any change to any forward-looking statement contained or incorporated by reference herein to
reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting the forward-
looking statements. If Irving updates any forward-looking statement(s), no inference should be drawn that it will make additional
updates with respect to those or other forward-looking statements.
THE CSE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS
RELEASE.
(Figure 1: Irving Resources’ new Kagoshima office.)
(Figure 2: Map showing Irving Resources’ Kyushu land holdings. Claims now cover 11,333
hectares, 113.33km2.)
(Figure 3: Video of Drone Magnetic Survey.)