Irving Resources’ wholly-owned subsidiary, Irving Resources Japan GK, has filed 56 contiguous mineral prospecting licences to explore for gold and other metals in an area called Rubeshibe on the island of Hokkaido, Japan. All applications have been accepted by the Ministry of Economy, Trade and Industry (METI), Hokkaido Bureau.
A multi-step review now begins for the final approval of the licences which total 188.8sqkm. Mitsui Mineral Development Engineering Co Ltd (MINDECO) is assisting Irving throughout the process.
The Rubeshibe application covers parts of a broad Tertiary-aged graben filled with intermediate to felsic volcanic rocks overlying a thick sequence of Mesozoic-aged sedimentary rocks. Hot spring alteration and silicification are evident in multiple areas and may be related to late-stage rhyolitic domes that have emerged along graben faults.
Several small epithermal gold-silver veins were mined in the region, mostly prior to the middle of the last century.
Canadian-based Irving is aggressively reviewing gold opportunities in Japan and plans to acquire further projects in the near future.
Irving, through a subsidiary, holds three project venture agreements with JOGMEC for joint regional exploration programs in the United Republic of Tanzania, the Republic of Malawi and the Republic of Madagascar.
JOGMEC is a government organisation established under the law of Japan, administrated by the Ministry of Economy, Trade and Industry of Japan, and is responsible for stable supply of various resources to Japan through the discovery of sizable economic deposits of base, precious and rare metals.