Projects
Omu Project
The Company’s lead project is the Omu Project located in the town of Omu on Japan’s northern island of Hokkaido.
The project is comprised of the 2.98 km2 Omui mining license and 56 prospecting licenses covering an additional 171.38 km2.
The Omu Project encompasses the entirety of the northeast-trending Omu volcanic graben, host to multiple high-grade epithermal gold and silver veins exploited at the historic Omui Mine and Hokuryu Mine.
As disclosed on November 13, 2024, Irving and JX Metals entered into a farm-in agreement (the “Option Agreement“) whereby JX Metals may earn a 75% interest at Omu Sinter Pit (covering 1.962 square kilometres) to a depth of approximately 50 metres below sea level. Under the Option Agreement, JX Metals may also earn an interest at Omuisenbu (covering 0.127 square kilometres), the specific percentage of which interest will be determined based upon a calculation set out in the Option Agreement which will take into account an evaluation of Omuisenbu; in any event, the interest of JX Metals in Omuisenbu will not exceed 75%. Irving retains 100% control over the remainder of the Omui Mining License and entire Omu Project.
Please click the following links to download PDF descriptions for the Omu Project and its three project areas: Omui, Hokuryu and Omu Sinter.
