Date: Jan 7, 2019

PORT HARDY, B.C. – A Vancouver-based company is set to explore land near the top of Seymour Inlet.

Delrey Metals has purchased land on the property, located about 68 kilometres away from Port Hardy on northern Vancouver Island.

RELATED: Vancouver company buys up vanadium property on Seymour Inlet

The property, known as Peneece, contains large amounts of vanadium mineralization. The metal is used in automobiles, jet engines, pipelines, steel production and batteries.

Delrey Metals’ founder and CEO, Morgan Good, said phase one of the exploration project should start up within the next two weeks.

“The plan over the next 60 to 90 days is to initiate our phase one exploration program which should commence this week or next, weather-dependent,” he said.

“The idea is to do some preliminary geological mag survey…airborne…followed up by seeing what those results are like with some subsequent ground work.”

Good said the second phase would include follow-up with potential drill testing, which he said would require permits.

“The first phase should only take about seven to ten days once the actual work commences, at the most,” he noted.

“Following that, we’ll take our results, and get the crew back up on the site, hopefully to be initiating the drill program sometime in February or March.”

Good said the Mount Waddington Regional District will be contacted after phase one, if the results justify a drill program starting up.

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