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Anfield Resources' Velvet-Wood completes vanadium target report at Velvet-Wood mine

“We believe that the recent upsurge of interest in vanadium provides Anfield with a unique opportunity to create a vanadium co-product production plan," which will both complement and enhance the attractiveness of uranium extraction
Vanadium
The exploration target report shows a vanadium exploration target of between 6.3 million pounds and 9.7 million lb at a grade of between 0.4% V2O5 and 0.61% V2O5.

Anfield Resources Inc. (CVE:ARY) said BRS Engineering Inc has completed an exploration target report at its Velvet-Wood mine, located in Utah.

The exploration target report by BRS Engineering, shows a vanadium exploration target of between 6.3 million pounds and 9.7 million lb at a grade of between 0.4% V2O5 (vanadium oxide) and 0.61% V2O5.

READ: Anfield Resources to assess vanadium processing option for Shootaring Canyon mill

The potential quantities and grades are conceptual in nature and have been approximated.

The company said there has been insufficient exploration to define a mineral resource for vanadium.

It is also uncertain if additional exploration will result in the exploration target being delineated as a mineral resource.

Corey Dias, Anfield's chief executive officer, said: "We are pleased to announce a vanadium exploration target at our Velvet-Wood mine, which builds on the historical production of five million pounds of vanadium at this site -- as stated in our 2016 preliminary economic assessment for the Velvet-Wood project.

READ: Anfield Resource hires BRS Engineering to evaluate vanadium potential at Velvet-Wood mine

“We believe that the recent upsurge of interest in vanadium provides Anfield with a unique opportunity to create a vanadium co-product production plan," which will both complement and enhance the attractiveness of uranium extraction at the Velvet-wood mine.

The current mineral resources of the combined Velvet and Wood mines have been estimated to comprise 4.6 million pounds of U3O8 at a grade of 0.29% U3O8 (measured and indicated resource) and 552,000 pounds of U3O8 at a grade of 0.32% U3O8 (inferred resource).

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