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Irving Resources Inc.
Summary
| Project: | Omu | |
|---|---|---|
| Deposit: | Omu | |
| Location: | Japan | |
| Commodities: | Gold-Silver | |
| Date: | 6/13/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-6-2019: Irving Resources Inc. announces an Exploration/Drilling Update report for its Omu deposit at the Omu project. Drilling results incl. 0.79m @ 48.96g/t Au, 945.4g/t Ag from 184.93m (weighted average). Vancouver, British Columbia, June 13, 2019 (G | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Quinton Hennigh (Internal) | |
| ABSTRACT: | Vancouver, British Columbia, June 13, 2019 (Globe Newswire) – Irving Resources Inc. (CSE:IRV) (“Irving” or the “Company”) is pleased to provide an update on drilling and loop electromagnetic (“EM”) surveys at its 100% controlled Omu Gold Project, Hokkaido, Japan. Assays have returned for hole 19OMS-002 from 182.0 meters to the end of the hole at 421.2 m. Assays from the upper part of this hole are expected back soon. Continuous gold and silver mineralization occurs between 182.0 m and a major fault zone encountered at 334.05 m (refer to nearby table of assays). In addition to the high-grade vein encountered between 184.93-185.72 m (48.96 gpt Au and 945.4 gpt Ag discussed in the Company’s news release dated May 6, 2019), sixteen significant vein and vein breccia zones were encountered (highlighted in grey in the nearby table of assays). A drill plan map is shown in Figure 1, and Figures 2 and 3 illustrate cross sections showing Au equivalent values and silver-to-gold ratios, respectively, in hole 19OMS-002. Reference should be made to the table of assays for the grade of each used to establish gold equivalent values. Irving believes there were two phases of mineralization at Omu Sinter, an early silver-rich phase followed by a later gold-rich phase. Vein material associated with the early silver-rich phase typically displays banded white quartz along with thin seams of black, Ag-bearing sulfide minerals termed “ginguro”. Where high gold values are present, bands of pyrite and/or marcasite are present in and around quartz veins. Holes 19OMS-004 and 19OMS-005, both recently completed, encountered intervals of banded veins displaying pyrite and marcasite (Figure 4 and 5) as well as multiple vein intervals displaying ginguro. Of particular note is a nearly 7.5 m long interval of quartz-pyrite-marcasite vein material intercepted in hole 19OMS-005 beginning at approximately 334 m. Parts of hole 19OMS-004 have been split, sampled and shipped to the laboratory for assay. Splitting and sampling of hole 19OMS-005 is currently underway | |
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