Subscribe
Be the first with the news that moves the market- Irving Resources (CSE:IRV) has revealed the results from a recent drilling program at the Omui mine site in Japan
- The company has intersected multiple epithermal veins that stretch across the site, some with high grade results
- One drill returned assays of 12.59 grams per tonne gold and 12.22 grams per tonne silver over 2.72 meters
- At a separate target 700 metres away, the company also intersected cores containing ginguro mineralisation, which often hosts silver minerals
- Irving Resources (IRV) is up one per cent and is trading at $2.85 per share at
Irving Resources (CSE:IRV) has revealed the results from a recent drilling program at the Omui mine site in Japan.
Irving has intersected multiple epithermal veins across the site, with early indications the site could contain high-grade deposits.
One drill returned assays as high as 12.59 grams per tonne gold and 12.22 grams per tonne silver over 2.72 metres. This result included a higher grade of 125 grams per tonne gold and 65.9 grams per tonne silver over 0.25 metres within the drill core.
The drill hole was located 65 kilometres south of the site’s Honpi past producing mine. Honpi’s vein trends east across the property before a sudden vertical dip down into the earth, which matches the mineralisation found in the drill hole.
The company has also been testing the Nanko target, which is approximately 700 metres southeast of Honpie.
At Nanko, the company encountered multiple epithermal veins and breccia rocks in the upper half of the drill cores. Some of these cores contained a band of silver minerals called ginguro, which suggests further mineralization surrounding the drill core.
Director and Technical Advisor to Irving, Dr Quinton Hennigh said he was very pleased with the veins the company has intersected in the hole thus far.
“Although we did not see the same veins in the lower part of hole 20 that we saw in last year’s hole 19, we can now see that these likely follow a southeast trend and dip south-westward meaning we drilled in the footwall of that vein set.
“At Nanko, our first two holes have encountered multiple veins, some displaying ginguro, a very good sign.
“Ultimately, it might be that we find that the veins at the bottom of hole 10 near Honpi link up with some of the veins we see at Nanko some 400 to 700 metres away,” he said.
Irving Resources (IRV) is up one per cent and is trading at C$2.85 per share at 12:45 pm EDT.
