Irving Updates Progress at its East Yamagano JV Project, Kyushu, Japan
IRVING RESOURCES INC.
999 Canada Place, Suite 404
Vancouver, B.C., Canada V6C 3E2
January 22nd, 2025
NEWS RELEASE
Irving Updates Progress at its East Yamagano JV Project, Kyushu, Japan
Vancouver, British Columbia, January 22nd, 2025 (Accesswire) – Irving Resources Inc. (CSE:IRV;
OTCQX:IRVRF) (“Irving” or the “Company”) is pleased to provide an update on exploration activities at
its East Yamagano JV project, Kyushu, Japan.
Yamagano and Noto JV project Update
In the third quarter of 2024, Irving, as manager of theYamagano and Noto joint venture, completed the
second diamond drill hole at East Yamagano, 24SY-001, a south-oriented 702.5m deep drill hole inclined
at -65 degrees designed to test a steeply oriented electrically resistive zone evident in AMT data (Figures 1
and 2). This zone is thought to be related to hydrothermal silicification resulting from fossil hot spring
activity, a favorable setting for discovery of blind epithermal gold veins. Hole 24SY-001 is situated
approximately 950m east of historic underground mine workings at the famous Yamagano mine. A similar
resistive feature was tested by the first drill hole, 23SY-001, situated approximately 550m east of the
historic Yamagano mine working, which encountered high-grade gold vein mineralization, 5m grading 9.62
gpt Au (for full results, please refer to the Company’s news release dated May 7, 2024).
Although hole 24SY-001 did not encounter similar high grade vein mineralization to that in hole 23SY-
001, a zone of argilization and silicification and associated quartz veinlets were encountered between
approximately 280m and 610m down hole depth. Figure 2 illustrates a broad distribution of low grade gold
that was encountered within this silicified zone, the highest individual gold assay being 2.19 gpt Au over
0.6m. Irving’s geologists interpret this anomalous gold and silicification to represent a halo above a deeper
rooted vein zone. Based upon this interpretation, Irving is scheduling further drilling of the underlying
resistive feature.
In late 2024, Irving commenced drilling a third hole at East Yamagano, 24SY-002, located 100m east of
hole 23SY-001, and oriented to 180 degree south at -70 degrees. Like previous holes, 24SY-002 is designed
to test a very pronounced steeply dipping resistive zone in the hopes of finding new high-grade gold veins.
This hole is in progress and currently at a depth of approximately 300m. It is planned to reach a target depth
of around 500m. Beginning at approximately 180m down hole depth, extensive quartz veins and vein
breccias have been observed, far more than evident in the previous two drill holes. Irving is optimistic that
these veins and vein breccias are evidence of the hypothesized structural fluid feeder in this area.
Completion of this hole is expected over the next three to four weeks after which it will be logged, split and
sampled for assay. It is anticipated that at least two additional holes will be drilled by mid-2025. Based
upon drilling to date, the joint venture between Newmont Overseas Exploration Limited (“Newmont”), a
wholly-owned subsidiary of Newmont Corporation, Sumitomo Corporation (“Sumitomo”), and Irving has
already decided to pursue permitting of at least another six holes that may be drilled subsequent to the
currently planned drill holes.
The initial interests of the parties in the Yamagano and Notojoint venture are Newmont, 60%, Sumitomo,
12.5%, and Irving, 27.5%.
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, customary risks of the mineral resource exploration industry,
the funding of 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 showing the trace of drill hole 24SY-002 at East Yamagano. Au assays marks are
presented.)
(Figure 2: Cross sectional view looking west showing the trace of drill hole 24SY-002 at Easy Yamagano.
Au assays marks are presented. This hole appears to glance over the top of the prominent resistive feature
evident in CSAMT data presented in the background. The light gray dashed structure is the interpreted
root fluid feeder associated with this resistive zone. Silcification and associated low level gold
mineralization encountered in 24SY-002 is though to represent a halo above this zone. )