Irving Resources, Inc. · CSE:IRV
Irving Resources — Technical Presentation (July 2022)
37 slides from Irving Resources's technical presentation, Jul 1, 2022
Slide 1: Discovery of a buried siliceous hot spring deposit beneath the Omui Mine
The discovery of a buried siliceous hot spring deposit beneath the Omui Mine: Implications to the evolution of a complex low sulfidation epithermal deposit in Omu, Hokkaido, Japan S. M. Frias, A. V. Cirineo, H. Takaoka, H. Harada, Q. Hennigh Irving Resources Japan GK 01 July 2022 The Society of Reso
Slide 2: Gold Mining in Japan
Introduction Gold Mining in Japan Japan’s tectonic setting Affected by the interaction of 4 tectonic plates: Eurasian Plate, North American Plate (Okhotsk Microplate), Pacific Plate and Philippine Sea Plate A product of complex tectonic processes since the Paleozoic which involves subduction, accret
Slide 3: The Company
Introduction The Company Irving Resources Inc. A Canadian-based mineral exploration company with a focus on gold in Japan. Incorporated a 100% owned subsidiary named Irving Resources Japan GK in May 2016, which enables the Company to hold mining and exploration projects in Japan. Newmont Corporation
Slide 4: Kitami Metallogenic Province
Introduction Kitami Metallogenic Province Epithermal Mineralization Bark-arc extension occurred during the middle to late Miocene (Kimura and Tamaki, 1986) and volcanism migrated from northwest to southeast from 14Ma to 6Ma (Watanabe, 1995; Watanabe, 1996) • Hydrothermal activity was closely associa
Slide 5: The Omu Project
The Omu Project The company’s lead project is the Omu Project located in the town of Omu on Japan’s northern island of Hokkaido. The project is comprised of the 2.98 km2 Omui mining license and 56 prospecting licenses covering an additional 171.38 km2.
Slide 6: Geology
The Omu Project Geology Omui Prospect Elevation: ~150-220m asl Includes the Old Omui Mine, which produced 0.34t Au and 8.5t Ag (8000t of ore at a grade of 15-20 g/t Au, 400-500g/t from the Honpi vein (Honko area) from 1925 to 1928 (Jones and Lu, 1995) Hokuryu Prospect Elevation: ~150-485m asl Includ
Slide 7: Gravity Survey
The Omu Project Gravity Survey Graben-bounding structures 3 prospects sit atop or on the edges of gravity highs • Reflect shallowly buried dense basement rocks Bouguer gravity horizontal gradient clearly highlights graben-bounding structures • NE-trending gravity low extending across the area reflec
Slide 8: The Omui Mine
The Omui Mine The Omui Mine is a registered mine of a low sulfidation epithermal gold deposit situated within the Omu Project, northern Hokkaido. It includes the historical Omui Mine (Honko), the Sakinyama placer deposit, and the Nanko prospect which features a complex epithermal vein - hydrothermal
Slide 9: The Historical Mine
The Omui Mine The Historical Mine Placer mining and discovery Historical small-scale prospecting and placer mining activities started in the 1890s. An outcropping gold-bearing vein was later discovered by local prospectors and was named the Honpi vein in Honko. In 1920, Mr. Mitsuo Tachibana carried
Slide 10: Timeline of exploration activities
The Omui Mine Timeline of exploration activities Rock chip sampling Rock chip sampling Rock chip sampling 2016 121 samples 2019 50 samples 2021 13 samples Trenching Soil sampling Rock chip sampling 747.56m 626 samples 2017 248 samples Diamond drilling (Phase 3) CSAMT survey Soil sampling 2 holes, 75
Slide 11: Geology
The Omui Mine Geology Host Rock Features a complex epithermal vein - hydrothermal breccia system hosted in rhyolitic to andesitic volcaniclastic sequences of the Miocene Motoineppu Lava and Propylite Lava, respectively Veins 8 reported east trending veins in Honko (dipping 80°N) and 2 veins in Nanko
Slide 12: Geology
The Omui Mine Geology Sinter Occurrences Silica sinter floats were mapped along a steep cliff about 500m north of Honko and around Nanko road. Honko Nanko Sakinyama 2022 | Irving Resources Japan GK 12
Slide 13: Structural Interpretation: A Pull-Apart Basin
The Omui Mine Structural Interpretation: A Pull-Apart Basin 1. 1 Sinistral strike slip - steep sidewall faults bounding the basin (NNW-SSE) - western-bounding fault interpreted as potential limit to mineralization - eastern-bounding fault interpreted further to the east as new gravity and soil geoch
Slide 14: 2019-2022 Omui Drilling Programs
2019-2022 Omui Drilling Programs The 2019-2020 drilling programs at Honko and Nanko aimed to determine the extent of the shallow epithermal mineralization reported by historical data and to test several deeper drilling targets delineated by controlled-source audio-frequency magnetotelluric (CSAMT) s
Slide 15: Host Rock
Drilling Results Host Rock Motoineppu Lava Composed of flowbanded quartz eye rhyolite flows, rhyolitic tuff and lapilli tuff Intersected only in Honko (deeper erosional level in Nanko) Flowbanding generally strikes NW and gently dips to the SW A Honko B A’ Nanko Sakinyama B’ 2022 | Irving Resources
Slide 16: Host Rock
Drilling Results Host Rock Propylite Lava Composed of porphyritic and flowbanded andesite flows and andesitic tuff and lapilli tuff. Possibly includes an andesitic intrusive body intercepted beneath Honko (not enough data to determine if pre- mineralization or post-mineralization) Intersected undern
Slide 17: Host Rock
Drilling Results Host Rock Kamiomu Formation Composed of bedded mudstones, sandstones and conglomerate Contains carbonized plant fragments indicating terrestrial origin Beds at the top strike NNE and dips gently SE, then shifts orientation towards the bottom striking E-W and dipping S Carbonized pla
Slide 18: Silica Sinter Horizons
Drilling Results Host Rock Silica Sinter Horizons At least 2 silica sinter horizons with different orientations were found intercalated with the sedimentary sequences of the Kamiomu Formation (represent at least 2 paleosurfaces) Finely laminated and composed of dark gray, light gray to bluish white
Slide 19: Silica Sinter Horizons
Drilling Results Host Rock Silica Sinter Horizons Upper silica horizon: Dark gray massive to laminated from 236.20 m to 254.70 m drill depth Strikes NNW and dips 24° to 32° WSW Pyrite A Honko B A’ Nanko Sakinyama B’ Looking North 2022 | Irving Resources Japan GK 19
Slide 20: Silica Sinter Horizons
Drilling Results Host Rock Silica Sinter Horizons Upper silica horizon: Au Ag As Hg Sb ppm ppm ppm ppm ppm Ave 0.89 8.25 263.49 5.52 115.77 Min 0.22 2.70 58.00 1.30 41.80 Max 3.55 29.30 892.00 24.60 239.00 A Honko B A’ Nanko Sakinyama B’ Looking North 2022 | Irving Resources Japan GK 20
Slide 21: Silica Sinter Horizons
Drilling Results Host Rock Silica Sinter Horizons Lower silica horizon: Multiple layers of bluish white to dark gray laminated silica sinter intercalated with silicified clastic rocks from 279.27 m to 342.27 m drill depth Strikes NNE and dips 13° to 37° SE A Honko B A’ Nanko Sakinyama B’ Looking Nor
Slide 22: Silica Sinter Horizons
Drilling Results Host Rock Silica Sinter Horizons Lower silica horizon: Au Ag As Hg Sb ppm ppm ppm ppm ppm Ave 0.37 3.41 224.43 2.01 135.56 Min 0.02 0.51 17.40 0.18 44.90 Max 1.80 14.10 1390.00 13.75 342.00 A Honko B A’ Nanko Sakinyama B’ Looking North 2022 | Irving Resources Japan GK 22
Slide 23: Silica Sinter Horizons
Drilling Results Host Rock Silica Sinter Horizons The configuration of the upper and lower sinter horizons indicates: • The upper sinter horizon is the later paleosurface of the two. • The western extent of the lower sinter horizon is eroded upon the deposition of the upper sinter horizon • The east
Slide 24: Silica Matrix Breccia
Drilling Results Mineralization Silica Matrix Breccia Honpi style vein breccias contain elongated crustiform to massive quartz vein fragments surrounded by dark gray to brownish white silica. Ginguro and electrum are found in both the quartz vein clasts and silica matrix A Honko B A’ Nanko Sakinyama
Slide 25: Silica Matrix Breccia
Drilling Results Mineralization Silica Matrix Breccia Honpi style vein breccias contain elongated crustiform to massive quartz vein fragments surrounded by dark gray to brownish white silica. Ginguro and electrum are found in both the quartz vein clasts and silica matrix. At Honko, shallow steeply d
Slide 26: Silica Matrix Breccia
Drilling Results Mineralization Silica Matrix Breccia Honpi style vein breccias contain elongated crustiform to massive quartz vein fragments surrounded by dark gray to brownish white silica. Ginguro and electrum are found in both the quartz vein clasts and silica matrix. At Nanko, the steeply dippi
Slide 27: Silica Matrix Breccia
Drilling Results Mineralization Silica Matrix Breccia Other silica matrix breccias contain silicified host rock clasts and silica sinter clasts. Some intervals contain elevated Sb content (more than 10000ppm Sb) aside from Au and Ag (up to 56.1ppm Au, 1435ppm Ag) Sinter clasts Stibnite A Honko B A’
Slide 28: Carbonate Matrix Breccia
Drilling Results Mineralization Carbonate Matrix Breccia Intersected at depth in holes 19OMI-010 and 22OMI-001. Contained chlorite-carbonate altered andesitic host rock clasts, surrounded by white calcite matrix.(up to 9.17ppm Au, 137ppm Ag) Sometimes partially replaced by silica 3.59 ppm Au, 27.80
Slide 29: Quartz Veins - Crustiform
Drilling Results Mineralization Quartz Veins - Crustiform White-brown to white-gray crustiform veins often crosscut dark gray quartz veins and early silica matrix breccias. At Honko and Nanko, steeply dipping crustiform veins strike NE to E-W but dip direction varies. 12.65 ppm Au, 104.00 ppm Ag A H
Slide 30: Quartz Veins – Lattice Bladed
Drilling Results Mineralization Quartz Veins – Lattice Bladed White-brown lattice bladed veins often crosscut dark gray quartz veins and early silica matrix breccias. Lattice bladed quartz veins sometimes occur as bands within crustiform quartz veins. At Honko and Nanko, steeply dipping lattice blad
Slide 31: Quartz Veins - Massive
Drilling Results Mineralization Quartz Veins - Massive Early dark gray to brown-black massive quartz veins are crosscut by later sugary white massive quartz veins. At Honko, massive veins generally strike to the NW. At Nanko, massive veins generally strike to the NE. 5cm 0.309 ppm Au, 49.80 ppm Ag A
Slide 32: Quartz Veins Crosscutting Sinter Horizon
Drilling Results Mineralization Quartz Veins Crosscutting Sinter Horizon White massive quartz veins crosscut the buried upper silica sinter horizon intersected in hole 21OMI-002. These veins strike approximately E-W and dominantly dips steeply to the S 0.345 ppm Au, 5.38 ppm Ag A Honko B A’ Nanko Sa
Slide 33: Carbonate-Quartz Veins
Drilling Results Mineralization Carbonate-Quartz Veins Intercepted at depth in holes 19OMI-010 and 22OMI-001 Composed of crustiform, lattice bladed and massive carbonate veins, some partially replaced by silica. Crustiform veins are generally dipping SW while lattice bladed and massive veins have di
Slide 34: Geological Model
The Omui Epithermal Deposit Geological Model Sinistral fault at the west potentially the limit for mineralization (barren drill hole in Sakinyama) W E Downthrown blocks towards the SW Deeper erosion at Nanko explain the SW dip Sakinyama Honko Nanko compared to Honko of the rhyolite and exposing the
Slide 35: Geological Model
The Omui Epithermal Deposit Geological Model Buried siliceous hot spring deposit • Indicates an early Miocene age for the initial hydrothermal system contemporaneous with the deposition of the sedimentary sequences of the Kamiomu Formation • Indicates the discharge of hot near-neutral pH, amorphous
Slide 36: Thank you.
Thank you.
Slide 37: Head Office, Tokyo Office, Omu Project Office
Head Office Tokyo Office Omu Project Office 999 Canada Place, Suite 404 Tokyo Club Building 11F 678-1 Aza Omu Vancouver, BC, Canada V6C 3E2 1-3-11 Kasumigaseki, Chiyoda Ku, Omu Town, Monbetsu County, Email: Info@IRVresources.com Tokyo, Japan 100-0013. Hokkaido, Japan 098-1702 Tel: 604-682-3234 Tel:
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