Irving Resources Intersects New High-Grade Au-Ag Veins at Hokuryu and Encounters Significant Vein System at Depth at Omui, Omu Project, Hokkaido, Japan

About this update from Irving Resources, Inc.

[{"type":"text","content":"Irving Resources Intersects New High-Grade Au-Ag Veins at Hokuryu and Encounters Significant Vein System at Depth at Omui, Omu Project, Hokkaido, JapanVANCOUVER, BC / ACCESSWIRE / March 6, 2023 / Irving Resources Inc. (CSE:IRV)(OTCQX:IRVRF) (\"Irving\" or the \"Company\") is pleased to announce that it has discovered a new high-grade vein system in an area approximately 300 m west of Hokuryu historic mine site and encountered substantial veining in a newly drilled diamond drill hole at Omui, both areas part of its 100% controlled Omu Au-Ag Vein Project, Hokkaido, Japan.Major New Vein System Discovered at Hokuryu Historic Mine Site:Hole 22HKR-001 completed at Hokuryu in late 2022 encountered a new high-grade Au-Ag vein system nearly 300 m west-northwest of know underground mine workings (Figures 1 and 2). Results are summarized in the table below:Hole IDFrom (m)To (m)Length (m)Au (gpt)Ag (gpt)Au Eq (gpt)Ag Eq (gpt)22HKR-0017.4040.3532.951.3515.451.55120.75including10.5013.152.655.5511.325.70444.22including12.5213.150.6315.0025.7015.331195.70and28.8031.302.507.8225.908.15635.86including28.8029.050.2523.9040.4024.421904.60including31.0031.300.3042.70120.0044.243450.60Au eq = Au + (Ag/78); Ag eq = Ag + (Au x 78); recovery of both Au and Ag is expected to be +95% as smelter fluxThese veins were intercepted near the top of the hole and occur within a broad envelope of mineralization extending 33m grading 1.35 gpt Au and 15.45 gpt Ag. Although the exact orientation of these veins is unknown at this point in time, they do not appear to reconcile with any known veins at the Hokuryu historic mine. Interestingly, multiple vein intercepts deeper in the hole encountered sub 1 gpt Au grades.This new vein set is believed to represent a major new discovery and is open along strike, currently thought to be roughly E-W. Irving believes that these veins, like those mined at Hokuryu, will persist to depths of several hundred meters. True widths are believed to be approximately 70-80% of reported widths.Given the region west of Hokuryu mine site has seen no historic exploration, Irving believes there is substantial opportunity for making further discoveries of veins given the abundance of resistive features discernable in geophysical data here. More drilling is currently being contemplated to follow up these results later this year. A second diamond...

More updates from Irving Resources, Inc.