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Irving Resources Inc
Symbol IRV
Shares Issued 61,874,516
Close 2023-01-24 C$ 0.84
Market Cap C$ 51,974,593
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Irving Resources begins 2023 Omu exploration program

2023-01-25 12:50 ET - News Release

Mr. Akiko Levinson reports


Irving Resources Inc. has begun its 2023 exploration campaign; it has resumed diamond drilling at its 100-per-cent-controlled Omu high-grade vein project in Hokkaido, Japan. Irving has an aggressive exploration program planned for 2023 including:

  • Testing multiple new drill targets and vein extensions at the Omui mine site;
  • Follow-up drilling at Omu Sinter to test for feeders under the southern portion of the extensive sinter terrace;
  • Follow-up drilling at Hokuryu where the maiden hole completed in the prvious year encountered multiple deep vein intercepts;
  • Conduct maiden drilling at the Maruyama target, interpreted to be a major diatreme vent that shows evidence of hosting high-grade Au-Ag mineralization.

Irving recently brought on several Chilean drillers to augment its growing Japanese drill team and operate the company's drills. Drilling at Omui is expected to continue through April followed by drilling at Omu Sinter, Hokuryu and Maruyama. The company believes it will be able to drill year-round going forward.

At Irving's Yamagano project, Kyushu, Japan, recently collected CSAMT data is being interpreted in preparation for drill targeting. Within the next couple months, once targets have been delineated and access has been evaluated, Irving's exploration team will submit permits for drilling with the intent of conducting a maiden drill program late this year.

"We are getting everything in place to pursue exploration more aggressively," commented Dr. Quinton Hennigh, director and technical adviser to Irving Resources. "We are delighted to secure a team of Chilean drillers to join our growing Japanese drill crew. We expect to be able to pursue year-round drilling as we move forward. This year, we will test all four mineralized systems at our Omu project and, by late year, we hope to be drilling at Yamagano. Things are shaping up nicely for Irving to pursue its ambition of making the next great gold discovery in Japan."

Dr. Hennigh (PhD, PGeo) is the qualified person pursuant to National Instrument 43-101 -- Standards of Disclosure for Mineral Projects; he is responsible for, having reviewed and approved, the technical information contained in this news release.

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 Corp. Japan Oil, Gas and Metals National is a government organization established under the law of Japan, administrated by the Ministry of Economy, Trade and Industry of Japan; it is responsible for the stable supply of various resources to Japan through the discovery of sizable economic deposits of base, precious and rare metals.

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