Irving Resources Reports Grant of Option to JX Advanced Metals Corporation
Irving Resources has signed an Option Agreement with JX Advanced Metals , allowing JX Metals to earn up to a 75% interest in specific properties at Omu, Hokkaido, Japan. The agreement focuses on precious metal-bearing silica deposits at Omu Sinter Pit and Omuisenbu. To exercise the option, JX Metals must invest at least 300,000,000 yen (approximately C$2,850,000) in exploration and property-related expenditures over three years. Irving will serve as the operator under this agreement, which aligns with their vision to develop high-silica deposits suitable for use as smelter flux in Japan's base metal smelting industry.
Irving Resources ha firmato un Accordo di Opzione con JX Advanced Metals, permettendo a JX Metals di acquisire fino al 75% di interesse in specifiche proprietà a Omu, Hokkaido, Giappone. L'accordo si concentra su depositi di silice contenenti metalli preziosi presso Omu Sinter Pit e Omuisenbu. Per esercitare l'opzione, JX Metals deve investire almeno 300.000.000 yen (circa C$2.850.000) in spese di esplorazione e relative alla proprietà nel corso di tre anni. Irving fungerà da operatore in base a questo accordo, che si allinea con la loro visione di sviluppare depositi ad alto contenuto di silice adatti per l'uso come flusso di fusione nell'industria della metallurgia dei metalli di base in Giappone.
Irving Resources ha firmado un Acuerdo de Opción con JX Advanced Metals, permitiendo a JX Metals obtener hasta un 75% de participación en propiedades específicas en Omu, Hokkaido, Japón. El acuerdo se centra en depósitos de sílice que contienen metales preciosos en Omu Sinter Pit y Omuisenbu. Para ejercer la opción, JX Metals debe invertir al menos 300.000.000 yenes (aproximadamente C$2.850.000) en exploración y gastos relacionados con la propiedad durante tres años. Irving actuará como operador bajo este acuerdo, que está alineado con su visión de desarrollar depósitos de alta sílice adecuados para su uso como fundente en la industria de fundición de metales base en Japón.
Irving Resources는 JX Advanced Metals와 옵션 계약을 체결하여 JX Metals가 일본 홋카이도 오무에 있는 특정 자산에서 최대 75%의 지분을 얻을 수 있도록 허용했습니다. 이 계약은 오무 신터 피트와 오무이센부에 있는 귀금속 함유 실리카 매장물에 초점을 맞추고 있습니다. 옵션을 행사하기 위해 JX Metals는 3년 동안 탐사 및 자산 관련 비용으로 최소 300,000,000엔(약 C$2,850,000)을 투자해야 합니다. Irving은 이 계약에 따라 운영자 역할을 하며, 이는 일본의 비철금속 제련 산업에서 제련 플럭스 용도로 적합한 고실리카 매장물을 개발하겠다는 비전과 일치합니다.
Irving Resources a signé un Accord d'Option avec JX Advanced Metals, permettant à JX Metals d'acquérir jusqu'à 75 % d'intérêts dans des propriétés spécifiques à Omu, Hokkaido, Japon. L'accord se concentre sur des dépôts de silice contenant des métaux précieux à Omu Sinter Pit et Omuisenbu. Pour exercer l'option, JX Metals doit investir au moins 300.000.000 yen (environ 2.850.000 $ CA) en exploration et en dépenses liées à la propriété sur une période de trois ans. Irving agira en tant qu'opérateur en vertu de cet accord, qui s'aligne avec leur vision de développer des dépôts à haute teneur en silice adaptés à l'utilisation comme flux de fusion dans l'industrie de la métallurgie des métaux de base au Japon.
Irving Resources hat einen Optionsvertrag mit JX Advanced Metals unterzeichnet, der es JX Metals ermöglicht, bis zu 75% an bestimmten Liegenschaften in Omu, Hokkaido, Japan, zu erwerben. Der Vertrag konzentriert sich auf siliziumhaltige Ablagerungen mit Edelmetallen im Omu Sinter Pit und Omuisenbu. Um die Option auszuüben, muss JX Metals mindestens 300.000.000 Yen (etwa C$2.850.000) in Erkundung und damit verbundene Ausgaben über drei Jahre investieren. Irving wird als Betreiber im Rahmen dieses Vertrags fungieren, der mit ihrer Vision übereinstimmt, hochsiliziumhaltige Ablagerungen zu entwickeln, die sich als Flussmittel in der Basismetallverhüttung in Japan eignen.
- Strategic partnership with major metals JX Metals
- Potential C$2.85M investment in exploration over three years
- Irving maintains operational control as project operator
- Dilution of ownership interest up to 75% in key property areas
- depth coverage in the agreement (50-60 meters below surface)
VANCOUVER, BC / ACCESSWIRE / November 13, 2024 / Irving Resources Inc. (CSE:IRV)(OTCQX:IRVRF) ("Irving" or the "Company") is pleased to announce that, further to its news release of February 29, 2024, it has entered into an agreement (the "Option Agreement") with JX Advanced Metals Corporation ("JX Metals") whereby JX Metals may earn an interest in certain of Irving's properties in Omu, Hokkaido, Japan, focusing on precious metal-bearing silica deposits.
Under the Option Agreement, JX Metals may earn a
Irving will be the operator under the Option Agreement.
JX Metals conducts global business operations in the area of nonferrous metals, focusing primarily on copper and minor metals. These operations cover the full range from resource development, and smelting and refining, to the development and manufacture of advanced materials essential to societies in which the IoT and AI are progressing. The JX Group's operations also encompass recycling from end-of-life electronic equipment and devices. Additional information can be found on JX Metals' website: https://www.jx-nmm.com/english/.
"We are delighted with JX Metals' commitment to our Omu project," commented Ms. Akiko Levinson, a director of Irving and its president and chief executive officer. "When we first acquired the Omu project in 2016, we did so based upon our business model of developing high-silica deposits suitable for use as smelter flux in the expansive Japanese base metal smelting industry. At Omu, we have identified several precious metal-bearing silica deposits including the large, shallow body of hot spring silica at Omu Sinter. We have also identified numerous precious metal-rich high-silica veins at Omui, Hokuryu and Omu Sinter. Our vision is to develop such deposits into a long-lived source of smelter flux, and JX Metals shares our goal. Although Irving plans to continue to explore at Omu on its own especially at depth, we see this collaboration with JX Metals as the start of an important relationship and our Omu project potentially becoming the newest source of precious metals-rich silica flux in Japan."
About Irving Resources Inc.:
Irving is a junior exploration company with a focus on gold in Japan. Irving resulted from completion of a plan of arrangement involving Irving, Gold Canyon Resources Inc. and First Mining Finance Corp. Additional information can be found on the Company's website: www.IRVresources.com.
Akiko Levinson,
President, CEO & Director
For further information, please contact:
Tel: (604) 682-3234 Toll free: 1 (888) 242-3234 Fax: (604) 971-0209
info@IRVresources.com
THE CSE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE
SOURCE: Irving Resources Inc
View the original press release on accesswire.com
FAQ
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