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Be the first with the news that moves the market- Irving Resources (IRV) has revealed the first gold assays from a drilling program on its Omui mine site in Hokkaido, Japan
- The first drill sunk into the property returned 2.9 gram per tonne gold and 29.5 gram per tonne silver over 14.5 metres
- The second drill returned 14.24 metres of strike at 3.55 grams per tonne gold and 69.24 grams per tonne silver result
- The highest-grade intercept came from the bottom of the second hole, at 56.1 grams per tonne gold and 1,435 grams per tonne silver across 0.6 metre
- Irving Resources (IRV) is up 2.3 per cent and is trading at C$4.13 per share
Irving Resources (IRV) has revealed the first gold and silver assays from a drilling program at its Omui mine site in Hokkaido, Japan.
The diamond drills on the property has confirmed the presence of silver and gold veins, specifically on the Nanko target.
The company’s standout result from the first two holes was a 12.59 grams per tonne gold and 91.36 grams per tonne silver strike over 2.01 metres. This came from a larger intercept of 2.90 grams per tonne gold and 29.5 grams per tonne silver over 14.5 metres.
The second hole returned a 14.24 metre long intercept of 3.55 grams per tonne gold and 69.24 grams per tonne silver which included a higher grade intercept of 1.76 metres at 8.15 grams per tonne gold and 147.29 grams per tonne silver.
The highest grade intercept came from the bottom of the second hole, where the company hit a 1.72 metre long intercept that graded at 21.65 grams per tonne gold and 538.75 grams per tonne silver, which included 0.6 metres that graded at 56.1 grams per tonne gold and 1,435 grams per tonne silver.
Irving Resources’ Director and Technical Advisor, Dr Quinton Hennigh, said the company now had solid confirmation that a significant precious metal vein system underlies the Nanko target.
“Interestingly, we see preservation of the entire profile of the hot spring system here much like at Omu Sinter. That means we have some near surface gold mineralization associated with the sinter cap as well as some high-grade veins below.
“To gain a better understanding of this robust mineralising system, our plan is to drill several more holes here before the end of the Omui mine site program later this year,” he said.
Irving Resources (IRV) is up 2.3 per cent and is trading at C$4.13 per share at 10:15 am EDT.
