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Irving Resources Receives Final Approval and Registration of the Omui Mining Right in Hokkaido, Japan
VANCOUVER, British Columbia, Feb. 20, 2018 (GLOBE NEWSWIRE) -- Irving Resources Inc. (CSE:IRV) (“Irving” or the “Company”) is pleased to announce it has receive
About this update from Irving Resources, Inc.
[{"type":"text","content":" VANCOUVER, British Columbia, Feb. 20, 2018 (GLOBE NEWSWIRE) -- Irving Resources Inc. (CSE:IRV) (“Irving” or the “Company”) is pleased to announce it has received the final approval and registration of the Omui Mining Right from the Ministry of Economy, Trade and Industry (“METI”), Hokkaido Bureau. The Omui Mining Right encompasses an area of roughly 2.98 sq km (298 hectares) covering a hot spring centre hosted by Miocene intermediate and felsic volcanic rocks and is part of Irving’s 100% controlled Omu high-grade gold-silver vein project. Registration of the Omui Mining Right allows Irving to now submit plans for trial mining and exploration activities within Omui Mining Right. Irving plans to undertake trenching and bulk sample extraction and diamond core drilling as part of exploration and evaluation of high-grade veins discovered at surface at Honpi, Nanko and other recently identified target areas (Please refer to Irving’s news releases dated September 21 and December 6, 2017 and January 3 and January 22, 2018 for further details.). Irving is currently working with Mitsui Mineral Development Engineering Co., Ltd (“MINDECO”) to develop trial mining plans and exploration for submission to METI Hokkaido Bureau. “Irving would like to thank MINDECO for their tireless effort to complete the transfer of the Omui Mining Right and for their exceptional work and continuing support for Irving in Japan,” stated Mrs. Akiko Levinson, President and Chief Executive Officer of Irving. Over the past 18 months, Irving has filed a total of 50 prospecting licenses covering an area of approximately 152.03 sq km in the vicinity of the Omui mine including another past producing mine, Hokuryu, situated 8 km west of Omui. In addition, the Company has secured 1.99 sq km (198.68 hectares) of surface rights by way of land acquisitions and long-term lease agreements. These key properties are considered critical for proceeding with exploration and test mining work and put the Company in a strong position to advance the Omu Gold-Silver Project. Granting of approval to exploration license applications in areas surrounding the Omui Mining Right, including those that cover the newly discovered Omu sinter target, is awaited. About Omui Mining Right: In a news release dated August 29, 2016, Irving announced it had entered into an agreement to purchase th...