Welcome to our dedicated page for Irving Res news (Ticker: IRVRF), a resource for investors and traders seeking the latest updates and insights on Irving Res stock.
Irving Resources Inc. (IRVRF) maintains this dedicated news hub for tracking developments in its Japanese gold exploration projects. Investors and industry observers will find authoritative updates on drilling results, strategic partnerships, and technical advancements across key properties including the East Yamagano and Omu projects.
This resource consolidates all official communications regarding resistivity survey findings, joint venture progress with partners like Newmont and Sumitomo, and option agreement updates. Users can expect regular coverage of diamond drilling outcomes, geophysical analysis reports, and corporate strategy announcements.
The curated news collection serves as a vital tool for monitoring exploration milestones in challenging volcanic terrains. Content emphasizes verifiable operational updates rather than speculative analysis, aligning with compliance standards for financial disclosures.
For consistent access to IRVRF's exploration developments, bookmark this page or check back regularly. All updates are sourced directly from company releases to ensure accuracy in reporting technical achievements and partnership developments.
Irving Resources Inc. (CSE:IRV; OTCQX: IRVRF) announces a strategic investment from Crescat Capital LLC of $1 million in a private placement. This investment involves 1 million Units, each comprising one Common Share and a half Common Share purchase warrant, exercisable at $1.60 for three years. Crescat will have future financing participation rights as long as it maintains over 1% of the outstanding shares. Irving focuses on gold exploration in Japan and collaborates with the Japan Oil, Gas and Metals National Corporation for resource discovery.
Irving Resources Inc. (CSE:IRV; OTCQX: IRVRF) announced an amendment to its investment agreement with Newmont Corporation. Newmont will require Irving to undertake a private placement worth up to US$4.4 million this year, with an additional potential US$6 million placement. The funds will support exploration on the Omu project in Japan. Concurrently, Irving plans to raise up to C$3 million through a non-brokered private placement, targeting mineral resource projects and general working capital.
Irving Resources has acquired two diamond drills to enhance its exploration initiatives in Japan. The first, a Zinex A5 drill, is set to arrive mid-July, while an LF90DT drill is expected in Q3 2022. This in-house drilling strategy, adopted due to pandemic-related travel issues, allows for simultaneous drilling at multiple targets, expediting exploration efforts. Key projects include Omu and Yamagano. Following a recent COVID outbreak, drilling operations have resumed, aiming for high-grade target follow-ups. The company emphasizes this initiative as pivotal for advancing its gold-silver portfolio.
Irving Resources Inc. (CSE:IRV; OTCQX:IRVRF) has announced significant findings from its diamond drill campaign at the Omu Au-Ag Vein Project in Hokkaido, Japan. The first drill hole, 21HKR-001, intercepted high-grade Au-Ag veins, with results including 3.12 gpt Au and 469 gpt Ag over 0.41m, and a deeper vein showing 14.05 gpt Au and 13.35 gpt Ag over 0.33m. Despite being halted at 294.7m due to snow, further drilling is planned to continue in May. The company aims to extend the drilling campaign, indicating strong potential for finding high-grade mineralization.
Irving Resources Inc. (CSE:IRV; OTCQX:IRVRF) has reported high-grade vein intercepts at the Omui Mine Site in Hokkaido, Japan, confirming a significant lower mineralized system. Notable findings include:
- 21OMI-001: 10.41gpt Au and 13.48gpt Ag over 3.80m
- 21OMI-002: 15.92gpt Au and 25.50gpt Ag over 3.95m
The weighted average grade is 7.61gpt Au and 11.07gpt Ag over 7.7m. A new drilling campaign has started with plans to explore deeper systems. The results suggest potential for substantial precious metal deposits.
Irving Resources Inc. (CSE:IRV; OTCQX: IRVRF) announced the granting of 1,745,000 incentive stock options to its directors, officers, employees, and consultants. These options have an exercise price of $1.09 per share and a term of three years, with one-third vesting every six months. The company focuses on gold exploration in Japan and has a Joint Exploration Agreement with Japan Oil, Gas and Metals National Corporation (JOGMEC), which aims to discover economic deposits of metals in Japan.
Irving Resources announced plans to advance its Yamagano and Satsuma Au-Ag vein projects in Kagoshima, Japan, under the Newmont Alliance. The company has established a local operational base and welcomed new Mine Manager Masafumi Torimaru, previously with Kasuga Mines Co., Ltd. Recent positive stream sediment analyses led to an expansion of land holdings to 11,333 hectares. The company is preparing for upcoming geologic mapping, gravity surveys, and drilling activities targeted for early 2022, focusing on high-grade vein mineralization potential.
Irving Resources Inc. (CSE:IRV; OTCQX: IRVRF) announced the discovery of a new hot spring system beneath the Omui Mine Site, indicating potential deeper mineralization associated with precious metals. The second diamond drill hole, 21OMI-002, showed a significant 100 m intercept of sinter beds approximately 200 meters deep. Additionally, drilling at the Hokuryu site encountered a notable vein, with results pending. Follow-up drilling is planned for February 2022, building excitement around the exploration potential of the Omu Au-Ag Vein Project in Japan.
Irving Resources has commenced its maiden drill program at the Hokuryu site in Japan, part of its Omu Au-Ag Vein Project. The drilling, contracted with Sumiko Resources Exploration, aims to test four holes in unexplored areas of the Hokuryu vein system, which were historically mined until 1943. A recent geophysical program indicated a significant corridor of resistive rock extending beyond previous mining areas. If drilling is incomplete in 2021 due to weather, it will resume in spring 2022.
Irving Resources Inc. held its Annual General Meeting on August 25, 2021, in Vancouver. The meeting resulted in the re-election of all incumbent directors: Akiko Levinson, Quinton Hennigh, Kevin Box, Douglas Buchanan, and Haruo Harada. Additionally, Davidson & Company was re-appointed as the Company's auditors for the upcoming year. Irving focuses on gold exploration in Japan and has a Joint Exploration Agreement with JOGMEC, a government organization aimed at resource stability in Japan.
