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.
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
'We are very pleased to see such continuity in grade and silica content at Omu Sinter,' commented Dr.
All drill holes were drilled at a steep inclinations and encountered the sinter unit at nearly orthogonal orientation. Therefore, drill intercepts are considered to be very close to true widths. All samples discussed in this news release are 1/2 split sawn diamond core samples. Irving submitted samples to ALS Global,
About
Irving is a junior exploration company with a focus on gold in
Additional information can be found on the Company's website: www.IRVresources.com.
Contact:
Tel: (604) 682-3234
Email: info@IRVresources.com
Forward-looking information
Some statements in this news release may contain forward-looking information within the meaning of Canadian securities legislation including, without limitation, statements as to planned exploration activities and that Irving feels confident it can underpin a justifiable case to convert the prospecting license at Omu Sinter to a mining license by early next year. Forward-looking statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, without limitation, the possibility of a delay in delivery of Irving's newly purchased Zinex A-5 drill to the Omu project, customary risks of the mineral resource exploration industry, the availability to Irving of sufficient cash to fund any planned drilling and other exploration activities, as well as the performance of services by third parties.
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