I'm not sure I'd use it myself. I didnt use Lewes, DE sand for several reasons, including recent to historic oil spills in the Bay. If Cape May has had a recent beach replenishment the sand should be from just offshore. I'd agree with Howard, it'll very likely be silica based, with a bit of calcium carbonate from shell matter, but not a lot. So, weakly capable of buffering the system.
All in all, I've used wild substrates from other potentially questionable sources and havent had any trouble. I also havent been trying to rear larval stages of fish or corals (which would probably be sensitive).. but for a planted tank its probably fine.
>Sarah