Irving Resources Receives High-Grade Assays from Omui, Omu Project, Hokkaido, Japan
IRVING RESOURCES INC.
999 Canada Place, Suite 404
Vancouver, B.C., Canada V6C 3E2
June 6, 2023
NEWS RELEASE
Irving Resources Receives High-Grade Assays from Omui,
Omu Project, Hokkaido, Japan
Vancouver, British Columbia, June 6, 2023 (Accesswire) – Irving Resources Inc. (CSE:IRV;
OTCQX: IRVRF) (“Irving” or the “Company”) is pleased to announce high-grade assays from
three drilled diamond drill holes recently completed at Omui, part of its 100% controlled Omu Au-
Ag Vein Project, Hokkaido, Japan.
New High-Grade Veins Encountered at Nanko:
Hole 22OMI-003, drilled from north to south at an inclination of -60 degrees to test a deep-rooted
vertical resistivity anomaly, encountered two high-grade veins. The first, 13.87 gpt Au and 121.74
gpt Ag (15.43 gpt Au Eq) over 1.67m, started at a downhole depth of 378.91m, and the second,
8.49 gpt Au and 270.00 gpt Ag (11.95 gpt Au Eq) over 0.57m started at 490.20m (see table
below for a complete summary of significant assays from the Winter 2022/2023 diamond drill
campaign). These intercepts, the two deepest yet encountered at the Nanko target, clearly
demonstrate that high-grade veins extend in excess of 400m providing very encouraging
confirmation that Omui is a deep-rooted vein system. Estimated true width of these veins is
estimated at 50-70% of down-hole width.
Both veins display banded quartz with traces of ginguro, or silver sulphosalts. In 2020, similar
banded veins were encountered much closer to surface in hole 20OMI-003 positioned above hole
22OMI-003. This included a 14.24m wide intercept grading 4.47 gpt Au Eq. The two new veins
in 22OMI-003 do not appear to be connected to the much shallower vein in hole 20OMI-003, but
may represent hanging wall splays off of this very large vein. More drilling is needed to evaluate
this possibility.
Deep Test at Honpi
As a follow up test of the deep hydrothermal system discovered by drill hole 21OMI-002
completed in late 2021 at Honpi (please refer to the Company’s press release dated March 2,
2022), Irving drilled 23OMI-001, a south-oriented hole inclined at -75 degrees, to crosscut this
older hole (Figure 1). As described in the Company’s news release dated March 6, 2023, hole
23OMI-001 encountered silica sinter at about 120m followed by an extensive interval of quartz
stockwork veining. The silica sinter interval persisted for 14.40m and grades 0.58 gpt Au and 15.85
gpt Ag (0.79 gpt Au Eq), very strong values for this type of material. Underneath the sinter, nearly
57m of stockwork quartz veining grading 0.65 gpt Au and 7.09 gpt Ag (0.74 gpt Au Eq) was
encountered. Based on these results, the Company believes the position of 23OMI-001 is
peripheral to the main feeder zone at Honpi.
West Honpi Extension
In order to test the depth extension of West Honpi, Irving drilled hole 23OMI-002, a north-oriented
hole inclined at -50 degrees. West Honpi Extension was encountered at the top of hole 21OMI-
002 which encountered 9.88 gpt Au Eq over 9.90m (please refer to the Company’s press release
dated March 2, 2022). Hole 23OMI-002 encountered West Honpi Extension approximately 70m
vertically beneath surface. This intercept includes 5.80 gpt Au and 13.80 gpt Ag (5.98 gpt Au Eq)
over 2.00m within 1.91 gpt Au and 13.89 gpt Ag (2.08 gpt Au Eq) over 10.00m. Given the high
quartz content of this interval, it is believed to be suitable for smelter flux material. True width is
estimated at about 60% of down hole width.
Omu Sinter Drilling
In March and April, 2023, Irving completed a series of nine diamond drill holes at Omu Sinter to
evaluate the potential for a shallow, gold- and silver-bearing silica body suitable for smelter flux
material. The target area is capable of hosting several million tonnes of such material. Assays from
these holes are currently awaited.
Hokuryu Drilling Resumes
In mid-May, 2023, Irving commenced diamond drilling at the Hokuryu historic mine site. Two
holes are planned for completion here over the coming few weeks. Both holes are designed to test
deep-rooted vertical resistive features observed in CSAMT data. Previous drilling of such features
has yielded discovery of multiple new veins at Hokuryu (please refer to the Company’s press
release dated March 6, 2023).
“We are happy to be back drilling steady at Omu,” commented Dr. Quinton Hennigh, technical
advisor and a director of Irving. “We are now on our 13th hole of 2023 and have many more planned
through the end of the year. Our most recent assays from Nanko confirm the presence of deep-
rooted high-grade veins here. While we have not yet hit the high-grade feeder underlying the Honpi
area, we think we are vectoring in on it and have plans for further follow up drilling for later this
year.”
All samples discussed in this news release are ½ split sawn diamond core samples. Irving
submitted 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 routinely
inserts standard and blank samples in assay batches submitted to the laboratory. Company staff
are responsible for geologic logging and sampling of core. Au equivalent is calculated by adding
Au (gpt) to Ag (gpt)/78. Results referred to in this news release are not necessarily representative
of mineralization throughout Hokuryu.
Significant Assays from Winter 2023 Diamond Drill Holes:
Hole ID From (m) To (m)
Length
(m)
Au
(gpt)
Ag
(gpt)
Au Eq
(gpt)
Ag Eq
(gpt) Comments
22OMI-
003 24.50 25.57 1.07 0.74 5.41 0.81 63.47
33.65 34.65 1.00 0.99 8.50 1.10 85.64
41.18 41.68 0.50 2.14 41.90 2.68 208.82
153.70 155.45 1.75 1.32 11.91 1.47 114.48
163.50 165.50 2.00 0.92 17.83 1.14 89.23
184.35 186.30 1.95 0.58 76.71 1.56 122.00
378.91 380.58 1.67 13.87 121.74 15.43 1203.82 New Vein
including 378.91 380.00 1.09 19.99 176.94 22.26 1736.44 New Vein
490.20 490.77 0.57 8.49 270.00 11.95 932.22 New Vein
815.10 816.00 0.90 0.00 93.20 1.20 93.51
833.00 834.00 1.00 2.59 0.43 2.60 202.45
23OMI-
001 85.35 89.00 3.65 1.08 107.13 2.45 191.08
102.85 104.30 1.45 0.55 7.61 0.64 50.16
119.50 133.90 14.40 0.58 15.85 0.79 61.42 Sinter
including 124.50 132.40 7.90 0.84 17.56 1.06 82.91 Sinter
144.55 201.50 56.95 0.65 7.09 0.74 58.09 Stockwork
including 146.40 152.00 5.60 0.87 8.67 0.98 76.46 Stockwork
and 162.90 168.72 5.82 1.14 9.96 1.27 98.99 Stockwork
and 194.70 200.37 5.67 1.11 8.83 1.22 95.31 Stockwork
239.56 243.50 3.94 0.25 38.03 0.73 57.14
261.00 263.90 2.90 1.60 32.69 2.02 157.87
23OMI-
002 30.00 36.39 6.39 0.59 7.05 0.68 52.78
86.00 96.00 10.00 1.91 13.89 2.08 162.62 W Honpi Ext
including 88.00 90.00 2.00 5.80 13.80 5.98 466.20 W Honpi Ext
98.00 99.00 1.00 0.31 60.70 1.09 84.80
109.00 112.15 3.15 1.06 10.66 1.20 93.70
147.00 150.00 3.00 0.26 39.03 0.76 59.57
Au eq = Au + (Ag/78); Ag eq = Ag + (Au x 78); recovery of both Au and Ag is expected to be +95% as smelter flux
Drill Collar Data:
Hole No. Type Grid
Collar
Easting
Collar
Northing Elevation Depth Azimuth Angle
22OMI-003 Core
WGS84-
54N 651762.12 4932907.171 180.898 936.2 190° -53°
23OMI-001 Core
WGS84-
54N 651530.7 4933262.647 170.375 400.03 165.1° -75°
23OMI-002 Core
WGS84-
54N 651518.1 4933122.799 176.734 150 309.9° -50°
Quinton Hennigh (Ph.D., P.Geo.) is the qualified person pursuant to National Instrument 43-101
Standards of Disclosure for Mineral Projects responsible for, and having reviewed and approved,
the technical information contained in this news release. Dr. Hennigh is a technical advisor and a
director of Irving Resources Inc. and has verified the data disclosed including sampling, through
review of photographs of core prior to and after sawing and sampling, and analytical, through
review of standard and blank analyses.
About Irving Resources Inc.:
Irving is a junior exploration company with a focus on gold in Japan. Irving resulted from
completion of a plan of arrangement involving Irving, Gold Canyon Resources Inc. and First
Mining Finance Corp.
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, the possibility of a delay in delivery of Irving’s newly purchased
Zinex A-5 drill to the Omu project, 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: East-looking cross sectional view of the Honpi area at Omui highlighting hole 23OMI-
001. While hole 23OMI-001 encountered a very long interval of sinter and stockwork
mineralization, it is considered peripheral to the high-grade target.)