Commences Airborne Magnetic Geophysical Surveys
3707‐1111 Alberni Street, Vancouver, British Columbia V6E 0A8
News Release
DELREY COMMENCES AIRBORNE MAGNETIC GEOPHYSICAL SURVEYS
ON ITS BC VANADIUM PROJECTS
March 25, 2019 CSE:DLRY | FSE:1OZ | US:DLRYF
DELREY METALS CORP. (CSE:DLRY, FSE:1OZ, US:DLRYF) (“Delrey” or the “Company”) is pleased to
announce that is has commenced a phase I work program consisting of four airborne magnetic
geophysical surveys to be flown over the coming weeks on its 100% wholly‐owned Blackie, Porcher, Star
and Peneece projects located near Prince Rupert, and Port Hardy British Columbia.
The Company will oversee the completion of four individual surveys covering a combined 9482.56‐
hectares. The survey blocks will be flown in a systematic low‐level grid pattern at 150‐meter line
spacing. The properties are all prospective for vanadium‐bearing massive titaniferous magnetite and the
surveys will focus on known mineralized exposures mapped by previous operators with coincident
magnetic anomalies identified in the Canada 200m Residual Total Magnetic Field dataset.1
The results from all of these surveys will be used in helping Delrey’s technical team plan a phase II work
program which will include prospecting and rock sampling over the identified magnetic highs.
“The team is excited to have initiated geophysical surveys on its 100% wholly‐owned BC vanadium
projects. Delrey expects to receive the survey results within the coming weeks allowing the Company to
revert back for its phase II work program which will be conducted in mid‐ to late‐spring. The phase III
work program on the properties will ideally take place during the summer months which will include
diamond drilling over the highest priority targets”, commented Morgan Good, Delrey’s President and
Chief Executive Officer.
About Blackie
Blackie is a 1213.2‐hectare property 100% owned by Delrey located 96km south‐southwest of Prince
Rupert, British Columbia along tide‐water. The property is centered on a large gabbroic body with
estimated dimensions of 1.2km x 0.4km x 0.5km hosting iron‐titanium‐vanadium mineralization within
massive titaniferous magnetite with historic bedrock samples assaying as high as 2.14% V205.1
About Porcher
Porcher is a 3122.16‐hectare property 100% owned by Delrey located 38km south‐southwest of Prince
Rupert, British Columbia along tide‐water. The property is centered on two north‐south trending
gabbroic dykes (5.2km x 1km and 4km x 0.6km) hosting iron‐titanium‐vanadium mineralization within
massive titaniferous magnetite with historic concentrate grades assaying as high as 0.84% V205.1
About Star
Star is a 3646.8‐hectare property 100% owned by Delrey located 27km south‐southwest of Prince
Rupert, British Columbia along tide‐water. The Property is centered on a 5km x 7km magnetic high
(Canada 200m Residual Total Magnetic Field) and is drained by up to 158ppm vanadium‐in‐silt (99th
percentile), as identified in the British Columbia Geological Survey Regional Geochemical Survey (RGS)
completed in 2000.1
About Peneece
Peneece is a 1500.4‐hectare property 100% owned by Delrey located 68km east of Port Hardy, British
Columbia along tide‐water. The property is centered on a northwest‐southeast trending 4.8km x 0.8km
pyritic gabbroic complex hosting iron‐titanium‐vanadium mineralization within massive titaniferous
magnetite with historic concentrate grades ranging from 0.29% to 0.59% V205 and up to 6.5g/t Ag, a
precious metal not often found in appreciable quantities in these systems.1
Option Grant
The Company also pleased to announce that it has granted stock options (the “Options”) to certain
consultants for the purchase of up to 100,000 Shares pursuant to the Company’s Stock Option Plan. The
Options are exercisable for a period of five (5) years at an exercise price of $0.25 per Share and vest
immediately.
About Delrey
Delrey is a mineral exploration company focused on the acquisition, exploration and development of
mineral resource properties, specifically in the strategic energy metals space. The Company has an
option to earn a 100% interest in the highly prospective Sunset property located in the Vancouver
Mining Division near Pemberton, British Columbia. The Company has also recently purchased the Star,
Porcher, Peneece and Blackie Fe‐Ti‐V properties located along tide‐water 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.
ON BEHALF OF THE BOARD OF DIRECTORS OF
DELREY METALS CORP.
“Morgan Good”
Morgan Good
President and Chief Executive Officer
For more information regarding this news release, please contact:
Morgan Good, CEO and Director
T: 604‐620‐8904
W: www.delreymetals.com
1Historical information contained in this presentation cannot be relied upon as the Company’s QP, as
defined under NI 43‐101 has not prepared nor verified the historical information.
Cautionary Note Regarding Forward‐Looking Statements
Certain statements contained in this news release, constitute “forward‐looking information” as such term is used in applicable
Canadian securities laws. Forward‐looking information is based on plans, expectations and estimates of management at the
date the information is provided and is subject to certain factors and assumptions, including, but are not limited to, general
business and economic uncertainties. Forward‐looking information is subject to a variety of risks and uncertainties and other
factors that could cause plans, estimates and actual results to vary materially from those projected in such forward‐looking
information. Factors that could cause the forward‐looking information in this news release to change or to be inaccurate
include, but are not limited to, the risk that any of the assumptions referred to prove not to be valid or reliable, which could
result in delays, or cessation in planned work, that the Company’s financial condition and development plans change, delays in
regulatory approval, risks associated with the interpretation of data, the geology, grade and continuity of mineral deposits, the
possibility that results will not be consistent with the Company’s expectations, as well as the other risks and uncertainties
applicable to mineral exploration and development activities and to the Company as set forth in the Company’s Management’s
Discussion and Analysis reports filed under the Company’s profile at www.sedar.com. There can be no assurance that any
forward‐looking information will prove to be accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, the reader should not place any undue reliance on forward‐looking information or
statements. The Company undertakes no obligation to update forward‐looking information or statements, other than as
required by applicable law.
1Historical information contained in this news release cannot be relied upon as the Company’s Qualified Person, as defined
under NI 43‐101 has not prepared nor verified the historical information.
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE)
accepts responsibility for the adequacy or accuracy of this release.