Irving Resources Forms Joint Venture for Yamagano and Noto Properties

Irving Resources Inc. announced on October 17, 2024, the formation of a joint venture with Newmont Overseas Exploration Limited and Sumitomo Corporation. This venture focuses on the Yamagano and Noto properties. Newmont holds a 60% stake, Irving 27.5%, and Sumitomo 12.5%. Irving will initially manage the venture, with Newmont retaining the right to take over management responsibilities.

The joint venture marks Irving's strategic entry into Japan, targeting the high potential for large epithermal gold deposits. Yamagano, closely situated to Sumitomo Metal Mining’s Hishikari mine, shows promising geological characteristics. Early drilling has identified high-grade veins outside historically mined areas. Irving recently completed its second drill hole at East Yamagano and plans to commence a third.