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Clarification of News Release Dated March 21, 2019, "Delrey Announces Signing of Term Sheet on the Four Corners Vanadium-Iron-Titanium Project in Newfoundland"
Vancouver, British Columbia--(Newsfile Corp. - March 22, 2019) - DELREY METALS CORP. (CSE: DLRY) (FSE: 1OZ) (OTC Pink: DLRYF) ("Delrey" or the "Company") announ
About this update from Carlyle Commodities Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - March 22, 2019) - DELREY METALS CORP. (CSE: DLRY) (FSE: 1OZ) (OTC Pink: DLRYF) (\"Delrey\" or the \"Company\") announces that, as a result of a review by the Investment Industry Regulatory Organization of Canada, the Company wishes to clarify certain disclosures made in its previously disseminated March 21, 2019 news release (the \"News Release\"). Specifically, the Company wishes to clarify that: The Company wishes to retract any and all reference to the \"potential excess of 10 billion tonnes of mineralized rock\" on the Four Corners project (the \"Project\"); and In regards to the representative samples quoted in the News Release pertaining to mineralized strike length assays of >40% Fe, 5% Ti, and 0.30% V205 with individual assays returning as high as 56.92% Fe, 15.13% Ti, and 0.39% V205, the Company wishes to state, in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects (\"NI 43-101\") Section 3.3(2), these are \"select samples\" from the Project and are not \"representative\" in nature at this time. Further exploration work needs to be done in order to consider these samples as being representative. All analyses undertaken for Four Corners Mining Corporation/Triple Nine Resources Ltd. and its predecessor prospectors in connection with the Project prior to December 2009 were conducted by Eastern Analytical Ltd. (\"Eastern Analytical\") in Springdale, Newfoundland and Labrador. Those performed after December, 2009 were conducted by Activation Laboratories Ltd. (\"Act Labs\") of Ancaster, ON. Scott Dorion, P.Geo., the designated Qualified Person of the Company as defined by NI 43-101, is unable comment on the data verification. No independent verification of the geochemical data, through the submission of duplicates and/or blanks, was carried out on the whole rock samples. Samples were only shipped to and analysed by Eastern Analytical (December 2009 and before) or to Act Labs (from 2010 onward). Data verification for the geophysical survey rests with Atlantic Geophysics and Fugro Airborne Surveys. About Delrey Delrey is a mineral exploration company focused on the acquisition, exploration and development of mineral resource properties, specifically in the strategic energy minerals space. The Company has an option agreement to purchase a ...