Detailed Gold and Silver Surveys Complete on Noto Peninsula Project
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
Irving Resources Inc. announced the completion of detailed geological, geochemical, and geophysical surveys for its Noto Epithermal Au-Ag Project in the Noto Peninsula of Honshu, Japan. The project is a joint venture between Irving, Newmont Overseas Exploration Limited, and Sumitomo Corporation. The prospecting licenses cover four target areas showing various anomalisms for gold, silver, arsenic, antimony, mercury, and copper. Previous reconnaissance samples indicated gold-bearing quartz vein float with values up to 38.5 g/t Au and 45.6 g/t Ag.
From torontotelegraph.com
Why it matters
The Noto Project is a joint venture where the interests are split between Newmont (60%), Sumitomo (12.5%), and Irving (27.5%). The successful completion of these detailed surveys increases the potential value of the investment for Sumitomo Corporation.
From torontotelegraph.com
Who's involved
- Sumitomo CorporationPartner in the Noto Project, a joint venture focused on resource exploration.
- NotoGeographical area in Ishikawa Prefecture, Japan, hosting the resource project.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Sumitomo CorporationSpeculative
Sumitomo Corporation might see an increase in the potential value of its investment in the Noto Project.
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The entities involved
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Noto
dissolved municipality in Fugeshi district, Ishikawa prefecture, Japan
Nothing else this week.
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Sado Island
Japanese island
Nothing else this week.
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Sumitomo Corporation
Japanese trading company
Nothing else this week.