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Irving Resources Inc
Symbol C : IRV
Shares Issued 43,482,077
Close 2019-02-04 C$ 1.92
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Irving subsidiary acquires two gold projects in Japan

2019-02-04 09:31 ET - News Release

Ms. Akiko Levinson reports

IRVING RESOURCES ACQUIRES TWO GOLD PROJECTS AND EXPANDS OMU GOLD PROJECT IN HOKKAIDO, JAPAN

Irving Resources Inc.'s wholly owned subsidiary, Irving Resources Japan GK, has recently acquired two new gold projects in Hokkaido, Japan.

Shimokawa gold project

Irving recently filed applications for 15 mineral prospecting licences totalling 48.50 square kilometres (4,850 hectares) at Shimokawa, an area prospective for hot spring epithermal gold mineralization. All applications have been accepted by the Ministry of Economy, Trade and Industry, Hokkaido Bureau, and a multistep review now begins for final approval. Mitsui Mineral Development Engineering Co. Ltd. is assisting the company throughout the process.

Irving identified this area as prospective upon discovery of extensive, stacked hot spring silica terraces. The exceptional continuity of these terraces suggests they may have formed in a shallow lake or bay, and Irving believes the feeder structures that generated these deposits are a potential target for high-grade gold-silver veins like those found at the company's Omu project 25 kilometres northeast of Shimokawa. Irving plans to undertake stream sediment sampling, as well as preliminary mapping and prospecting, at Shimokawa during the 2019 field season.

Engaru gold project

Near the town of Engaru, Irving recently filed applications for 25 mineral prospecting licences totalling 84.42 square kilometres (8,442 hectares) covering an area a few kilometres south of the historic Konomai goldfield. All applications have been accepted by METI, and a multistep review now begins for final approval.

Reconnaissance prospecting near Engaru by Irving geologists in November, 2018, led to discovery of several areas of epithermal quartz vein float within a subbasin of Miocene intermediate and felsic volcanic rocks. Hot spring silica sinter deposits, some with fossilized wood, are also present at Engaru. Like Shimokawa, Irving believes the feeder structures that fed these deposits are a potential target for high-grade gold-silver veins. Irving plans to undertake stream sediment sampling as well as preliminary mapping and prospecting at Engaru during the 2019 field season.

Omu gold project additions

Irving recently filed applications for five mineral prospecting licences totalling 16.26 square km (1,626 hectares) extending its Omu gold project farther west. The Omu gold project now encompasses 168.29 square km (16,829 hectares). These tenements cover prospective areas west of the recently discussed Hokuryu West high-grade vein float samples (please refer to the company's news release dated Oct. 19, 2018, for further details). All applications have been accepted by METI, and a multistep review now begins for final approval.

Dr. Quinton Hennigh (PhD, PGeo) is the qualified person pursuant to National Instrument 43-101 responsible for, and having reviewed and approved, the technical information contained in this news release. Dr. Hennigh is a technical adviser and director of Irving Resources.

About Irving Resources Inc.

Irving is a junior exploration company with a focus on gold in Japan. Irving also holds, through a subsidiary, project venture agreements with Japan Oil, Gas and Metals National Corporation (JOGMEC) for joint regional exploration programs in the United Republic of Tanzania, the Republic of Malawi and the Republic of Madagascar.

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