It marks the southeast "corner" where the generally east–west coast turns sharply north.
To the west the Simpson Strait separates King William Island from the Adelaide Peninsula.
Chantrey Inlet is the historical territory of the Utkuhiksalik (the people of the place where there is soapstone), nomadic Inuit who lived in snowhouses (igloos) in the winter, tents in the summer, and whose diet centered on trout (lake trout and Arctic char), whitefish, and caribou.
In 1839 Peter Warren Dease and Thomas Simpson reached it by sailing along the coast from the west.
In the present day, sportsmen arrive in Chantrey Inlet by chartered bushplane for fishing.