Blue-Sky Vanadium Discovery Potential in Canada
Delrey Metals Corp. (CSE:DLRY, FWB:1OZ, OTC:DLRYF) is a mineral exploration company focused on the acquisition, exploration and development of energy metals properties. Delrey Metals is focused on developing its five vanadium properties in Canada.
Delrey Metals has signed a definitive option agreement to earn an 80 percent interest in the company’s flagship Four Corners vanadium-iron-titanium project in Newfoundland, Canada. Newfoundland and Labrador is one of Canada’s top-ranked mining jurisdictions, partly due to the province’s straightforward permitting process, which is relatively easy for companies to navigate.
As part of its option agreement, Delrey Metals will form a joint venture partnership with Triple Nine Resources Ltd upon earning the 80% interest. Through the partnership, Delrey Metals will be gaining access to the knowledge of Triple Nine Resources COO Vic French, who has been a part of the exploration and development of the Four Corners project for the past 10 years and has numerous connections throughout the jurisdiction.
- Strong drill defined vanadium mineralization at the Keating Hill Zone, with a potential strike length in excess of 4.5 kilometers, as well as four other vanadium mineralized zones on the Project which have never been drill tested.
- Independent interpretation and modeling by SJ Geophysics demonstrates that five target zones on the Project could host a potentially substantial mineralized zone