Vancouver, British Columbia, August 24, 2023 (Accesswire) – Irving Resources Inc. (CSE:IRV; OTCQX: IRVRF) (“Irving” or the “Company”) is pleased to announce that recent drilling at the Omu Sinter target, part of its 100% controlled Omu Au-Ag Project, Hokkaido, Japan, has defined a robust deposit of silica with appreciable gold and silver. Irving’s business model is to find precious metal-bearing, silica-rich rock suitable for use as smelter flux. It believes the newly defined hot spring sinter deposit is significant, especially given that this material starts at surface and is therefore easily accessible.

Figure 1 shows the footprint of the approximately 200m wide and 400m long silica sinter deposit. This terrace of silica starts at surface and is open to the north. Cross sections showing gold equivalent and silica results from drill holes are presented in figures 2-5. Silica thicknesses range from a few meters up to 54.5m. Gold values in reported intervals range between 0.54-1.04 gpt, and silver, between 6-32 gpt. Gold equivalency ranges between 0.78-1.21gpt. Silica contents are high, commonly above 95%, making this exceptional quality for smelter flux. Deleterious elements including arsenic, antimony and mercury, are generally low also making this material attractive.

Importantly, by drilling this robust precious metal-bearing silica sinter deposit, the Company is confident it can underpin a justifiable case to convert the prospecting license at Omu Sinter to a mining license, a critical step to maintaining long term tenure over the property. Internal study of these results is progressing rapidly with the goal of establishing such a case by early next year.

Silica-rich rock utilized for smelter flux has commercial value on the order of a few tens of dollars per tonne. With payable precious metals, paid in the range of 90-95%, significant value is added to this material. A robust precious metal-bearing silica deposit in Japan is viewed as having strategic value given the numerous smelters active in the country. Irving takes the view that Omu Sinter has ideal characteristics for smelter flux and is a potential important future source of such material.

“We are very pleased to see such continuity in grade and silica content at Omu Sinter,” commented Dr. Quinton Hennigh, technical advisor and a director of Irving. “With low deleterious elements, this material has the potential to be an important source of smelter flux. The current footprint of the silca body is approximately 200x400m and its average thickness is approximately 20m indicating we have a deposit of over one million cubic meters all immediately below surface. Given our drilling from a few years ago that demonstrates there is an underlying high-grade vein system beneath this silica, Omu Sinter is shaping up to be a potentially important advanced-stage smelter flux deposit that could be of strategic importance to a smelter in Japan.”

Significant Assays from Omu Sinter Drilling:

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