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Irving Resources’ First Drill Holes at Omui Mine Site Return High-Grade Gold and Silver (Au-Ag)
VANCOUVER, British Columbia, Dec. 17, 2019 (GLOBE NEWSWIRE) -- Irving Resources Inc. (CSE:IRV) (“Irving” or the “Company”) is pleased to announce its first two
About this update from Irving Resources, Inc.
[{"type":"text","content":" VANCOUVER, British Columbia, Dec. 17, 2019 (GLOBE NEWSWIRE) -- Irving Resources Inc. (CSE:IRV) (“Irving” or the “Company”) is pleased to announce its first two diamond drill holes completed at Omui Mine site, part of its 100% controlled Omu Gold Project, Hokkaido, Japan, have encountered high-grade Au-Ag vein intercepts. In addition, a recently completed deep hole at Omui Mine site has encountered multiple epithermal veins within the boiling zone at vertical depths of over 300 m. Omui Mine Site Drilling Highlights: The first two diamond drill holes completed at Omui Mine site, 19OMI-001 (oriented northwest at an inclination of 45 degrees) and 19OMI-002 (oriented south at an inclination of 50 degrees), have encountered high-grade Au-Ag vein mineralization (Figures 1 and 2). Results are summarized below: Summary of vein intercepts from holes 19OMI-001 and 19OMI-002: Hole From (m) To (m) Length (m) Au (gpt) Ag (gpt) Au Eq (gpt) 19OMI-001 5.30 6.30 1.00 19.25 27.50 19.57 45.92 47.00 1.08 4.38 6.15 4.45 including 45.92 46.50 0.58 6.34 8.52 6.44 19OMI-002 46.40 58.50 12.10 1.58 139.90 3.23 including 54.70 56.50 1.80 6.05 808.18 15.56 including 55.55 55.88 0.33 28.90 4180.00 78.08 67.00 68.00 1.00 1.04 326.68 4.88 including 67.00 67.19 0.19 3.46 1195.00 17.52 Au Eq = Au (gpt) + Ag (gpt)/85 Veins in both holes were intersected at shallow levels, and because Irving believes this area has seen limited erosion since vein formation approximately 12 million years ago, it is likely these formed within 100 m of the paleo-surface. This implies that these veins may result from leakage from a larger vein system at depth, an intriguing possibility given the very high grades encountered. As discussed in the Company’s news release dated November 5, 2019, recent controlled-source audio-magnetotelluric (“CSAMT”) data gathered from Omui Mine site indicates the presence of a broad, deep-rooted, northwest-trending electrically resistive zone underlying the target area. This feature is interpreted to be silicified rocks generated by hydrothermal activity. A recent study of hydrothermal fluid inclusions trapped in vein quartz from Omui indicates the top of the prospective boiling zone starts at around 380 m beneath the paleo-surface. Irving believes the most prospective target at Omui lies at depths of over 300 m below present surface along ...