VANCOUVER, BC / ACCESSWIRE / November 22, 2022 / Irving Resources Inc. (CSE:IRV)(OTCQX:IRVRF) (" Irving " or the " Company ") is pleased to announce that extended diamond drill hole 21HKR-001 completed at Hokuryu, part of its 100% controlled Omu Au-Ag Vein Project, Hokkaido, Japan, has encountered multiple high-grade Au-Ag veins.
Summary of Diamond Drill Results from Hokuryu Historic Mine Site:
Omu Au-Ag Project 2023 Drill Program
Irving has recently purchased Rodren Drilling Ltd.'s EF-75 diamond drill and, together with the recently acquired Zinex A-5 drill, now has two drills capable of drilling at its Omu Au-Ag project, Hokkaido. Development of an in-house team of drillers has been hampered by delays in visa applications, but the Company is in the process of contracting the services of three internationally based drillers who are able to start work in January following receipt of visas.
In 2023, Irving plans to drill at each of the three principal targets at Omu, Omui mine site, Hokuryu and Omu Sinter as well as one new target, Maruyama, located a couple km north of Hokuryu. The Company believes drill rates in 2023 will exceed each of the past three years during the COVID pandemic. Targets to be drill tested in 2023 include:
Summary of assays from diamond drill hole 21HKR-001:
Au eq = Au + (Ag/80); Ag eq = Ag + (Au x 80); recovery of both Au and Ag is expected to be +95% as smelter flux
"The known Hokuryu vein assemblage appears to be underlain by significant vein extensions, a good sign this area has a lot more potential for expansion," commented Dr. Quinton Hennigh, technical advisor and a director of Irving. "We are pleased to see Hokuryu, our third target at the Omu project, deliver strong results similar to those at the other two, Omui mine site and Omu Sinter. We have three strong targets to follow up at Omu, and an exciting new one, Maruyama, to test with a maiden program and we are hopeful that drill production will accelerate significantly in 2023."
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)/80. Results referred to in this news release are not necessarily representative of mineralization throughout Hokuryu.
Drill Collar Data:
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 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 .
President, CEO & Director
For further information, please contact:
Tel: (604) 682-3234 Toll free: 1 (888) 242-3234 Fax: (604) 971-0209
Some statements in this news release may contain forward-looking information within the meaning of Canadian securities legislation including, without limitation, statements as to the potential for high-grade mineralization at the Omu project, as to planned exploration activities, and that Irving has two drills capable of drilling at the Omu project. 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, 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 map showing the trace of hole 21HKR-001 and interpreted locations of important Hokuryu veins. Cross section A-B is shown in Figure 2.)
(Figure 2: Cross sectional view looking west showing hole 21HKR-001 and various vein intercepts. Note that an important vein junction is evident at the bottom of the image. The location of this cross section is shown in Figure 1.)
SOURCE: Irving Resources Inc