13:38:08 EDT Tue 21 May 2019
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Irving Resources Inc
Symbol C : IRV
Shares Issued 43,988,327
Close 2019-03-13 C$ 2.00
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Irving Resources starts drilling at Omu

2019-03-13 09:28 ET - News Release

Ms. Akiko Levinson reports


All necessary work permits have been received for Irving Resources Inc.'s drill crew, and the company has commenced diamond drilling at its Omu gold project in Hokkaido, Japan. Drilling is being conducted by Mitsui Mineral Development Engineering Co. Ltd. and Rodren Drilling International Ltd., Winnipeg, Man. The first target that will be tested is the Omu sinter, an eight-to-20-metre-thick terrace of silica that was deposited within an ancient hot spring pool.

Irving discovered the Omu sinter in late 2016, and subsequent prospecting resulted in collection of spot rock chip samples grading up to 14.6 grams per tonne gold and 50.8 g/t silver along with strongly elevated arsenic (676 parts per million), mercury (over 100 ppm), antimony (1,675 ppm) and selenium (93 ppm), all elements associated with hot spring mineralization (please refer to the company's news release dated Sept. 21, 2017, for further details). Geophysical data, including drone-based magnetics and gravity, collected in late 2017 revealed evidence of a prominent north-south structural zone under Omu sinter, a potential conduit for hydrothermal fluids that once fed the hot spring (please refer to the company's news release dated Jan. 22, 2018, for further details).

Irving has eight initial holes planned to test areas underneath the sinter terrace for feeder structures that could potentially host epithermal gold-silver veins. Holes will be inclined and drilled to depths of 300 to 425 metres to test the prospective boiling zone, the part of a hot spring system in which potentially high-grade mineralization can be deposited. Planned holes are staggered over approximately 1.2 kilometres of strike along the targeted structural zone. Should results from these first eight holes prove promising, Irving has an additional 15 holes fully permitted to further test this important target.

Omu sinter (also known as Otoineppu mine) is the first target of Irving's 2019 Omu exploration program. Drilling at Omui mine site, where Irving has identified three robust drill targets (Honpi, Nanko and Sakinyama), will commence in approximately two to three months following completion of trench and bulk sample work at Omui. Irving also plans to expedite baseline work including soil sampling and geophysical surveys at its new Hokuryu West target so that drill targets can be outlined there later this year.

"We are delighted to commence drilling at our Omu gold project," commented Akiko Levinson, president and director of Irving Resources. "Drilling at Omu sinter is just the beginning of a long list of exploration objectives Irving has at Omu this year. In a few months, we will be trenching, bulk sampling and diamond drilling our three high-priority targets at the nearby Omui mine site. We also plan aggressive follow-up fieldwork at our newly discovered high-grade Hokuryu West target so that it can be readied for drilling. This year is shaping up to be a very busy one for Irving."

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 Corp. for joint regional exploration programs in the United Republic of Tanzania, the Republic of Malawi and the Republic of Madagascar.

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