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News Update


Gold Explorer Encounters Extensive Shallow Mineralization at Japanese Hot Spring System
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Irving Resources reported that it has encountered vast amounts of mineralization in shallow depths in the Nanko vein at the Omui Mine Site of its Hokkaido Omu Project.

In a news release, Vancouver-based mineral exploration company Irving Resources Inc. (IRV:CSE; IRVRF:OTC) reported "gold and silver assay results from drilling at the Nanko vein target, Omui Mine Site, part of its 100%-controlled Omu Gold Project, Hokkaido, Japan."

Irving Resources indicated that holes 20OMI-004 and 20OMI-005 were drilled from the same drill pad and were focused on the same target as drill hole 20OMI-003, which the company had previously reported encountered multiple high grade veins.

The company advised that hole 20OMI-005 intercepted 81.73 meters grading 1.44 g/t Au eq (1.02 g/t Au and 31.29 g/t Ag) at depth of 27.45m to 109.18m. These results included several higher grade segments including 8.42 g/t Au eq over 1.60m, 3.33 g/t Au eq over 3.35m and 7.30 g/t Au eq over 1.41m.

The firm added that hole 20OMI-004 returned 55.44 meters grading 0.72 g/t Au eq (0.52 g/t Au and 15.24 g/t Ag) from a depth of 16.5m to 71.94m.

The company stated that the Nanko mineralized hot spring system's root structure is interpreted to be the high grade vein network it encountered at somewhat deeper depths drilled in hole 20OMI-003.

The company reported that it plans to conduct a structural study of the Omui Mine Site vein system in early 2021. The purpose of the study is to schedule and create the plan for the firm's 2021 infill and step-out drill program at the Honpi and Nanko targets.

The firm advised that drilling at the Omui Mine site has been completed and that it has repositioned the drill to Omu Sinter where it will be used to complete four new schedule holes during the next few months.

The company noted that the plan for the first of these four holes will be to investigate and test a feature situated below hole 20OMS-002, which earlier this year returned results showing 22.9m grading 0.99 g/t Au eq in a shallow sinter cap, which may possibly be associated with a feeder structure for this hot spring system.

Irving Resources Director and Technical Advisor Dr. Quinton Hennigh stated, "Assays from holes 20OMI-004 and 20OMI-005 provide us with a more complete profile of the Nanko hot spring system...We clearly have a well-preserve deposit with a large silicified cap and veins underneath. At least two sets of veins are present, one trending generally northwest, and the other, northeast. Recently completed holes approximately 200m northeast of the Nanko discovery holes have intersected veins that appear to be part of the same network."

The company commented that all core samples were submitted to ALS Global in Vancouver, Canada for analysis. The firm stated that assay results turnaround has been slower than usual due to COVID-19 and high throughput demand at the laboratory.


1) Stephen Hytha compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
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