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Delrey Metals samples up to 0.513% V2O5 at Blackie 2019-05-16 06:47 ET - News Release Mr. Morgan Good reports DELREY ANNOUNCES POSITIVE PHASE II RESULTS FROM ITS BLACKIE, STAR AND PORCHER PROPERTIES Delrey Metals Corp. has released results from a phase 2 prospecting program recently completed on its wholly owned Star, Porcher and Blackie properties located along tidewater near Prince Rupert, B.C. 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% V2O5 (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).1Strong 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).1An 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.1V2O5 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 selective in nature and not necessarily representative of the mineralization hosted on the property. Morgan Good, Delrey President and CEO, stated, "The Delrey team is very pleased with our Phase II results as the assays not only show excellent continuity with the previous Phase I geophysical anomalies, but include some impressive vanadium, iron and titanium grades. A systematic approach to exploration at Blackie, Porcher and Star has allowed us to put the second piece of the puzzle into place on our BC assets. We're optimistic we will be in a position to initiate our Phase III work program consisting of diamond drilling this summer at our Blackie, Porcher and Star properties, further enhancing the value of Delrey for its shareholders." Update on LOI with Triple Nine Resources/Four Corners Project The Company is also pleased to report it has been working diligently to finalize negotiations on the definitive option and joint venture agreements with Triple Nine Resources for the option to earn 80% of The Four Corners Project in Newfoundland and Labrador. Delrey's CEO Morgan Good, Director Mike Blady, and Qualified Person Scott Dorion P.Geo., visited the Triple Nine team, as well as the project site among other strategic locations last week and the Company expects to be in a position to sign such agreements in the near future. QA/QC Procedures All rock samples were placed in polybags and locations marked in the field with labelled pink flagging tape by Delrey Metals Corp. personnel. Sample notes for each sample were recorded using field-ready smartphones and GPS locations were recorded using handheld Garmin devices. Prior to shipment to ALS Global's sample preparation facility in Kamloops, British Columbia, blanks and pulp duplicates were inserted at a ratio of approximately 1 in every 10 rock samples. Delrey is currently working with several laboratories to develop a suitable vanadium standard which will allow the Company to test for calibration errors on future projects. Limiting the chain of custody, the samples were dropped off at the Kamloops preparation facility by the Delrey Metals Corp. field staff. Samples were prepared in Kamloops by crushing the entire sample to 70% passing -2mm, riffle splitting off 1kg and pulverizing the split to better than 85% passing 75 microns. After preparation in Kamloops, the prepared pulps were shipped to ALS Global's analytical laboratory in North Vancouver, British Columbia. The vanadium assays are determined by ME-MS85 lithium borate fusion and reported in parts per million (ppm) and converted by the lab into V2O5 (%). The remaining analytes were determined using ME-ICP61 four acid ICP-AES. The analytical results are verified with the application of industry standard Quality Control and Quality Assurance (QA-QC) procedures. 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 recently announced a letter of intent to acquire an 80% interest in the Four Corners Project located in Newfoundland and Labrador. The Four Corners Project is an advance stage exploration project with positive historic drilling, metallurgy, and development economics. The Company also recently purchased the Star, Porcher, Peneece and Blackie Fe-Ti-V properties located along tidewater in western British Columbia. Delrey will continue to review and acquire projects showing potential for materials used in the energy storage and electric vehicle markets. The Company is based in Vancouver, British Columbia, and is listed on the CSE under the symbol "DLRY". Qualified person Scott Dorion, P.Geo., is the designated Qualified Person of the Company as defined by NI 43-101 and has reviewed and approved the technical information contained in this release. We seek Safe Harbor. \u00a9 2019 Canjex Publishing Ltd. All rights reserved. Quelle:https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aDLRY-276… |
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| aus der Diskussion: | Delrey Metals Diskussion |
| Autor (Datum des Eintrages): | Moneymaker78 (16.05.19 14:19:33) |
| Beitrag: | 16 von 18 (ID:60583798) |
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