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Delrey Metals Announces Positive Phase II Results from Its Blackie, Star and Porcher Properties
Vancouver, British Columbia--(Newsfile Corp. - May 16, 2019) - DELREY METALS CORP. (CSE: DLRY) (FSE: 1OZ) (OTC: DLRYF) ("Delrey" or the "Company") is pleased to
About this update from Carlyle Commodities Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - May 16, 2019) - DELREY METALS CORP. (CSE: DLRY) (FSE: 1OZ) (OTC: DLRYF) (\"Delrey\" or the \"Company\") is pleased to announce results from a Phase II prospecting program recently completed on its wholly-owned Star, Porcher and Blackie properties located along tide-water near Prince Rupert, British Columbia. A total of 125 rock samples were collected by Delrey Metals Corp. personnel from the three properties (Porcher - 61, Star - 43, Blackie - 21) with assays returning as high as 0.513% V205 (49.3% Fe, 4.01% Ti). Prospecting focused on the strongest magnetic anomalies that were mapped during the Phase I airborne magnetic surveys (see news release dated April 15, 2019), and in all cases ground truthing confirmed that these anomalies are caused by variably mineralized vanadium-rich titaniferous magnetite. The Company is very encouraged by the consistency of V205, titanium and iron enrichment identified by the Phase II work program on all three properties and has submitted five-year area-based permit applications which will allow Delrey to establish up to 40 drill sites on the Blackie, Porcher and Star properties. Blackie Highlights: Selective outcrop sample results up to 0.513% V2O5, with 5 of the 21 samples returning >0.30% V2O5, and 21 of the 22 samples returning >0.10% V2O5 (Fig. 1).1 Strong V2O5 enrichment was mapped over an approximately 800m x 300m area centered on the magnetic anomaly identified by the Phase I survey. Porcher Highlights: Selective outcrop sample results up to 0.422% V2O5, with 11 of 61 rock samples returning >0.20% V2O5 along a strike length of 1 km (Fig 2).1 An approximately 2.8km x 1.8km strong magnetic anomaly remains to be ground truthed in the southern portion of the property (see news release dated April 15, 2019). Star Highlights: Assay results are highlighted by 11 of the 43 selective outcrop samples returning >47% Fe (up to 61.2%) from exposed northwest-southeast oriented semi-massive to massive magnetite outcrops along a strike length of approximately 4.7km.1 V2O5 enrichment in massive magnetite samples returned as high as 0.10% V2O5. Strong V-in-stream sediment results ranging from a low of 447 ppm up to 637 ppm V2O5, suggest higher V2O5 concentrations in bedrock may occur elsewhere on the property below forest cover. 1Grab samples are s...