| Date: Feb 27, 2018 |
| Anfield Energy Inc (CVE:AEC) is focused on energy metals, in particular uranium and vanadium. It’s not just an exploration play, however. In addition to attractive exploration opportunities in Arizona, Utah, Colorado and Wyoming, the company also owns the Shootaring Canyon Mill in Garfield County, Utah, one of only three licensed uranium mills in the United States.
Uranium exploration assets Anfield’s conventional uranium assets consist of mining claims and state leases in southeastern Utah, and Arizona in areas where past uranium mining or prospecting occurred. Anfield’s uranium assets include the Velvet-Wood project in Utah, the Frank M project, and the Findlay Tank breccia pipe. All conventional uranium assets are situated within a 125-mile radius of the Shootaring Mill. Resource pending for Nine Mile project Nine Mile in Wyoming is of particular interest currently, as Anfield commissioned BRS Engineering in November 2017 to complete a mineral resources report for the project. Nine Mile is part of a portfolio of 24 Wyoming properties acquired in 2016 from Uranium One. Existing resource on two Wyoming Properties Anfield has already reported a resource at two properties acquired in this transaction. At Clarkson Hill, it has demonstrated at 957,000 tons of ore inferred, with an average uranium equivalent grade of 0.058% U3O8. Meanwhile, at Red Rim, the company has proved up an indicated resource of 336,655 tons of mineralised material with an average grade of 0.17% e U3O8, and an inferred resource of 472,988 tons of mineralised material with an average grade of 0.163% e U3O8. Resin Processing Agreement A key aspect of this acquisition of the Wyoming properties was an agreement with Uranium One that will allow Anfield to process up to 500,000 pounds of uranium at Uranium One’s Irigaray processing plant. |
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