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Irving Resources Further Defines Gold System at Omu Sinter
VANCOUVER, British Columbia, June 13, 2019 (GLOBE NEWSWIRE) -- Irving Resources Inc. (CSE:IRV) (“Irving” or the “Company”) is pleased to provide an update on dr
About this update from Irving Resources, Inc.
[{"type":"text","content":" 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. Highlights: Assays from hole 19OMS-002 show continuous gold (Au) and silver (Ag) mineralization over 152 m including multiple significant vein and vein breccia zones. Two phases of mineralization are evident at Omu Sinter, an early Ag-rich phase and a later Au-rich phase. Recent data indicates the boiling zone lies at approximately 380 m below surface. Irving believes regions at or below this level are most prospective for high-grade gold mineralization and is making plans to drill test this deeper level. Holes 19OMS-004 and 19OMS-005 intercept veins displaying similar sulfide assemblages to those seen in the high-grade vein encountered in hole 19OMS-002. Of particular note is an approximately 7.5 m long intercept of such vein material intercepted in hole 19OMS-005. Possible Mesozoic basement sedimentary rocks encountered in hole 19OMS-003 give rise to a potential “Hishikari”-like geologic setting at Omu Sinter. Recent ground loop EM survey shows detailed picture of structure and stratigraphy at Omu Sinter further helping define the high-grade target. Discussion: 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 assoc...