Irving Resources Updates Omu Exploration; Appoints Project Manager
IRVING RESOURCES INC.
999 Canada Place, Suite 404
Vancouver, B.C., Canada V6C 3E2
August 15, 2019
NEWS RELEASE
Irving Resources Updates Omu Exploration; Appoints Project Manager
Vancouver, British Columbia , August 15, 2019 (Globe Newswire) – Irving Resources Inc. (CSE:IRV)
(“Irving” or the “ Company”) is pleased to provide an update on exploration activities at its 100%
controlled Omu Gold Project, Hokkaido, Japan and welcomes Dr. Takeshi Uemoto as its new Omu
Project Manager.
Appointment of Dr. Takeshi Uemoto:
Dr. Uemoto holds a B.Sc. and M.Sc. from Hiroshima University and a Ph.D. from the University of
Western Australia. Prior to joining Irving, Dr. Uemoto worked as senior exploration geologist for Gold
Fields Australasia at its St. Ives and Agnew gold mines, Western Australia. Prior to that, he served as
senior geologist for Mitsubishi Materials Corporation exploring for geothermal resources in Japan.
“We are delighted to have Dr. Takes hi Uemoto join Irving as Omu Project Manager,” commented Akiko
Levinson, President and Director of Irving Resources. “Dr. Uemoto, having extensive exploration
experience with Gold Fields Australasia, is exceptionally well-qualified to oversee exploration activities
at Omu. We look forward to his guidance as we move this exciting project forward.”
Omu Sinter Drilling:
- Irving recently completed hole 19OMS-008, the southern-most hole of its initial eight-hole, phase
one diamond drill program at Omu Sinter. These first eight holes , collectively totaling
approximately 3,388.5 m, test approximately one kilometer of strike from north to south along the
very large zone of alteration and mineralization underlying the Omu Sinter terrace (Figures 1 and
2).
- All eight drill holes have intersected long intervals of highly altered volcanic and sedimentary
rocks. Notable vein intervals have been intersected in all holes.
- Sawing of all core has recently been completed. Several batches of samples are currently being
dispatched to or are currently in transit from Omu to ALS Global Laboratory, Brisbane, Australia,
and several additional batches are currently undergoing analysis. At present, approximately 40%
of core has been assayed.
- As discussed in the Company’s news release dated June 13, 2019, current drilling is believed to
be testing a high level within the hot spring system at Omu Sinter. Nevertheless, high -grade
mineralization has alre ady been encountered (48.96 gpt Au and 945.4 gpt Ag between 184.93 -
185.72 m in hole 19OMS -002 discussed in the Company’s news release dated May 6, 2019 ).
Although a majority of phase one core has yet to be assayed, recent notable intervals include
12.92 gpt Au and 44.1 gpt Ag between 308.27 -310.3 m in hole 19OMS -005 (Figure 3), 3.65 gpt
Au and 27.5 gpt Ag between 356.1 -357.4 m in hole 19OMS -003, and 2.34 gpt Au and 34.5 gpt
Ag between 311.3-311.7 m in hole 19OMS -004. (The foregoing are not necessarily indicative or
representative of mineralization hosted at Omu Sinter.)
- Geophysical surveys designed to help elucidate subsurface geology have been completed at Omu
Sinter. These include a twelve-line controlled source audio -magnetotellurics (“CSAMT”) and
audio-magnetotellurics (“AMT”) survey to look for structures and silicified rocks and a detailed
gravity survey to help identify significant cross structures that might host vein mineralization but
were not necessarily tested by phase one dr ill holes,. Interpretation of this data is expected to be
complete by late August at which time it will be presented to the public along with future drill
targets to be tested.
- Additional core drilling supplies, including large -diameter PQ drill pipe, is c urrently en route to
Japan. The Company believes PQ drilling will enable deeper targets to be adequately tested and
also enable better core recovery from future shallow drill targets including those at Omui mine
site. Drilling is planned to resume in September once equipment is on site.
Omui Mine Site Exploration Program:
- Exploration trenching recently commenced at Omui mine site. Prior to the onset of recent heavy
rains, three north -south oriented trenches totaling approximately 200 m length were dug across
the Honpi target area. The weathering profile has proved to be thicker than anticipated being over
three meters deep in places (Figure 4). This has made gaining exposure of bedrock challenging in
certain areas. Mapping and sampling of the initial three trenches is complete.
- Several in situ veins, all generally trending east -west, have been encountered including an
approximately 1.5 m wide extension of the N. Honpi vein ( Figure 5) situated a few meters north
of the historic Honpi high -grade vein mine and approximately eight vein and/or vein breccia
zones in areas south of Honpi min e. In some places, very large dislodged pieces of vein have
been encountered ( Figure 6). It is believed these originate from a proximal, yet slightly deeper
source.
- Once rains have ceased, trenching activities will resume at Omui . Trenching is planned at the
Nanko target where historic trenching uncovered at least four high -grade veins. Lateral trenches
are planned along several significant veins to access material for bulk sampling. Trenching and
bulk sampling activities are expe cted to continue at Omui over the remainder of the field season
which usually lasts until November.
- A ten -line CSAMT survey is currently being undertaken at Omui mine site to help identify
structural zones that might host high-grade veins as well as areas of silicification associated with
hydrothermal activity. This survey is expected to be complete by month end at which point data
will be processed and interpreted to help generate drill targets.
- Irving plans to undertake a phase one drill program at Omui, testing several near surface high -
grade vein targets later this year.
Hokuryu and Maruyama Exploration Work:
- Mapping, prospecting and soil sampling are soon commencing around the historic Hokuryu high-
grade vein mine and nearby extensive Maruyama sinter terrace discovered in late 2018. Work
will focus on defining initial drill targets and is planned to continue till the end of the field
season.
- A multi -line CSAMT survey is schedule to be undertake n at Hokuryu before the end of the
current field season.
- Irving is currently targeting phase one drilling at Hokuryu and Maruyama in mid 2020.
All samples discussed in this news release are ½ split sawn diamond core samples. Irving submitted rock
samples to ALS Global Laboratory, Brisbane, Australia, for analysis. Au and Ag were analyzed by fire
assay with MS finish. Overlimit samples were assaye d by fire assay with gravimetric finish.
Multielements were analyzed by MS following three acid digestion. Irving staff and personnel from
Mitsui Mineral Development Engineering Co, Ltd (“MINDECO”) are responsible for geologic logging
and sampling of core.
Quinton Hennigh (Ph.D., P.Geo.) is the qualified p erson pursuant to National Instrument 43 -101
responsible for, and having reviewed and approved, t he 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) for joint regional exploration programs in Republic of Malawi . 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) 641-1214
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 and the expected timing of the receipt of
results and the completion of interpretation of data . 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 explor ation 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: Map showing Irving Resources Omu concessions and locations of exploration targets. )
(Figure 2: Map showing eight recently completed drill holes at Omu Sinter. These holes test a north-south trending
zone of alteration and mineralization that underlies the Omu Sinter terrace. All holes have encountered long
intervals of altered and mineralized volcanic and sedimentary rocks. Approximately 40% of core has been assayed.
Some holes have been partially assayed and others have yet to be assayed. Complete assays will be presented once
all data has returned.)
(Figure 3: Vein material from high grade interval in hole 19OMS-005. Thus far, high grade veins at Omu Sinter
display a similar banded quartz-pyrite-marcasite assemblage. Irving plans to use recently collected geophysical data
to better vector on high-grade structures. It is currently believed that higher grades may occur at deeper levels within
the system.)
(Figure 4: First trench opened at Omui mine site. The weathering profile is over three meters deep in places. Pieces
of freshly exposed vein material are present on the trench floor in the foreground. Trenches have been systematically
mapped and sampled. Further trenching is planned over coming weeks.)
(Figure 5: Sample of vein material from a 1.5 m wide exposure of the N. Honpi vein recently exposed in trenching.
The outcrop that was exposed is approximately 20 m long.)