IRV. IRVING RESOURCES

Irving Resources Announces Commencement of Drilling at Hokuryu, Omu Au-Ag Vein Project, Hokkaido, Japan

Irving Resources Announces Commencement of Drilling at Hokuryu, Omu Au-Ag Vein Project, Hokkaido, Japan

VANCOUVER, British Columbia, Sept. 20, 2021 (GLOBE NEWSWIRE) -- Irving Resources Inc. (CSE:IRV; OTCQX: IRVRF) (“Irving” or the “Company”) is pleased to announce it has commenced its maiden drill program at Hokuryu and will soon commence follow up drilling at the Omui Mine Site. These two targets are part of Irving’s 100% controlled Omu Au-Ag Vein Project, Hokkaido, Japan.

Summary of Planned Maiden Hokuryu Diamond Drill Campaign

  • Irving’s maiden drill program at Hokuryu will be undertaken using a Japanese-based drill contracted from Sumiko Resources Exploration & Development Co., Ltd. (“SRED”), a wholly-owned subsidiary of Sumitomo Metal Mining Co., Ltd.
  • Up to four holes are designed as a maiden drill test of the Hokuryu vein system. Mining was undertaken at Hokuryu for a few short years until it abruptly ceased in 1943.
  • Irving’s recent controlled source audio-magnetotellurics geophysical program (CSAMT) has identified a large corridor of resistive, presumably silicified, rock extending well beyond the historic mine area. These initial holes will test select areas along this corridor for vein extensions and new veins.
  • Given the higher altitude at Hokuryu, completion of this program is dependant on weather. If holes remain uncompleted in 2021, Irving plans to complete this program as soon as possible in the spring of 2022.

"We are pleased to commence drilling at Omu once again", commented Dr. Quinton Hennigh, director and technical advisor to Irving. "The newly arrived SRED drill will undertake maiden drilling at Hokuryu, a very large untested high-grade vein target. After a long break in response to the pandemic, we are very eager to get back to work."

Quinton Hennigh (Ph.D., P.Geo.) 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 advisor and director of Irving.

About Irving:

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 Corporation (JOGMEC). JOGMEC is a government organization established under the law of Japan, administrated by the Ministry of Economy, Trade and Industry of Japan, and is responsible for stable supply of various resources to Japan through the discovery of sizable economic deposits of base, precious and rare metals.

Additional information can be found on the Company’s website:  .

Akiko Levinson,

President, CEO & Director

Forward-looking information

Some statements in this news release may contain forward-looking information within the meaning of Canadian securities legislation including, without limitation, statements as to the timing of receipt of the results of drill samples and planned exploration activities. Forward-looking statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, without limitation, customary risks of the mineral resource exploration industry, the availability to Irving of sufficient cash to fund planned drilling and other exploration activities, as well as the performance of services by third parties.

THE CSE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE.



For further information, please contact:
Tel: (604) 682-3234 Toll free: 1 (888) 242-3234 Fax: (604) 971-0209
 
EN
20/09/2021

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on IRVING RESOURCES

 PRESS RELEASE

Irving Resources Reports 2022 Grant of Stock Options

Irving Resources Reports 2022 Grant of Stock Options VANCOUVER, British Columbia, Sept. 12, 2022 (GLOBE NEWSWIRE) -- Irving Resources Inc. (CSE:IRV; OTCQX: IRVRF) (“Irving” or the “Company”) announces that pursuant to the Company’s stock option plan, it has granted incentive stock options to its directors, officers, employees and consultants to purchase an aggregate of 1,795,000 common shares at an exercise price of $1.00 per share. The stock options have a term of three (3) years, with one-third of the grant vesting every six (6) months from grant day with full vesting in the first 18 mo...

 PRESS RELEASE

Irving Resources Reports Voting Results of Annual General Meeting

Irving Resources Reports Voting Results of Annual General Meeting VANCOUVER, British Columbia, Aug. 24, 2022 (GLOBE NEWSWIRE) -- Irving Resources Inc. (CSE:IRV; OTCQX: IRVRF) (“Irving” or the “Company”) is pleased to announce that its Annual General Meeting of shareholders was held in Vancouver, British Columbia on August 24, 2022 at which: the incumbent directors of the Company standing for re-election, being Akiko Levinson, Quinton Hennigh, Kevin Box, Douglas Buchanan and Haruo Harada, were all re-elected as directors of Irving for the coming year; andDavidson & Company, the incumbent ...

 PRESS RELEASE

Irving Resources Announces Completion of Non-Brokered Private Placemen...

Irving Resources Announces Completion of Non-Brokered Private Placement Not for Distribution to United States Newswire Services or for dissemination in the United States VANCOUVER, British Columbia, Aug. 04, 2022 (GLOBE NEWSWIRE) -- Irving Resources Inc. (CSE:IRV; OTCQX: IRVRF) (“Irving” or the “Company”) is pleased to announce that it has raised gross proceeds of US$2,600,000 (C$3,327,220) in a private placement with Sumitomo Corporation (“Sumitomo”) by the issuance of 2,705,056 common shares of the Company at a purchase price of C$1.23 per share. These shares are subject to a hold pe...

 PRESS RELEASE

Irving Resources Announces Completion of Non-Brokered Private Placemen...

Irving Resources Announces Completion of Non-Brokered Private Placements Not for Distribution to United States Newswire Services or for dissemination in the United States VANCOUVER, British Columbia, July 13, 2022 (GLOBE NEWSWIRE) -- Irving Resources Inc. (CSE:IRV; OTCQX: IRVRF) (“Irving” or the “Company”) is pleased to announce the closing of its private placement with Newmont Corporation (“Newmont”) and concurrent private placement of units (the “Unit Placement”), both announced in the Company’s news release of June 20, 2022. Newmont invested US$4,400,000 (the “2022 Newmont Placement”...

 PRESS RELEASE

Irving Resources Announces Non-Brokered Private Placements

Irving Resources Announces Non-Brokered Private Placements Not for Distribution to United States Newswire Services or for dissemination in the United States VANCOUVER, British Columbia, June 20, 2022 (GLOBE NEWSWIRE) -- Irving Resources Inc. (CSE:IRV; OTCQX: IRVRF) (“Irving” or the “Company”) reports that the investment agreement (the “Investment Agreement”) entered into between Irving and Newmont Corporation (“Newmont”) in April 2019, as amended (please refer to the Company’s news releases dated April 23, 2019, February 20, 2020 and April 12, 2021), has been further amended such that th...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch