Business
Delrey Metals Models Large Geopyhsical Anomalies on Its Blackie, Porcher, and Star Properties
Increases Land Position Due to Postive Results Vancouver, British Columbia--(Newsfile Corp. - April 15, 2019) - DELREY METALS CORP. (CSE:DLRY) (FSE:1OZ) (OTC Pi
About this update from Carlyle Commodities Corp.
[{"type":"text","content":" Increases Land Position Due to Postive Results Vancouver, British Columbia--(Newsfile Corp. - April 15, 2019) - DELREY METALS CORP. (CSE:DLRY) (FSE:1OZ) (OTC Pink: DLRYF) (\"Delrey\" or the \"Company\") is pleased to announce that it has completed airborne geophysics across its Porcher, Blackie and Star properties located near Prince Rupert, British Columbia. The results are very encouraging and outline sizeable magnetic anomalies on all three properties. This is highlighted by two, 3km x 2km & 2.7km x 1.8km, magnetic highs located on its wholly-owned Porcher property (Fig. 1), a 11km long northwest-southeast trending magnetic high located on its wholly-owed Star property (Fig. 2), and a 1.5km x 800m magnetic high (up to 68,000nT raw) located on its wholly-owned Blackie property (Fig. 3). A historic 2.14% V205 bedrock sample from the Blackie is believed to be coincident with the newly mapped geophysical anomaly (McDougall, 1984).1 The three surveys were completed by Ridgeline Exploration Services Inc. out of Kelowna, B.C., and were flown in a systematic low-level grid pattern at 150-m line spacing. The average terrain clearance was 75m across all surveys and a total of 1,105.55 line-km (Porcher: 472.48 line-km; Star: 457.48 line-km; Blackie: 175.59 line-km) were flown. Based on results from the surveys the Company is pleased to announce that it has increased to size of the Porcher property from 3,122.16 to 3,525.46-hectares, and the Star property from 3,646.8 to 4,618.3-hectares to fully encompass the newly discovered magnetic anomalies. The results from the surveys will be used in helping Delrey's technical team plan a Phase II work program which will include prospecting, mapping and rock sampling over the geophysical anomalies. The crews are currently mobilizing to the Peneece property and it is estimated that the survey will be completed within the week with results released shortly thereafter. \"The Delrey team is quite excited by the results of the Phase I work program on the Blackie, Porcher and Star properties. High-resolution magnetics are an effective tool used for vectoring towards Fe-Ti-V bearing magnetite deposits. The large anomalies identified by the 2019 surveys combined with historic surface sampling confirming vanadium and titanium mineralization gives us confidence in the potential of these three propertie...