Anfield Energy Inc (CVE:AEC, OTCQB:ANLDF, FRANKFURT:0AD) has hired BRS Engineering to complete a mineral resource for its Taylor Ranch uranium project in Wyoming - the fifth of its 25 projects.
Taylor Ranch project was bought from Uranium One Americas Inc (Uranium One) in September 2016 and is one of the 25 uranium mining properties acquired in the Black Hills, Powder River Basin, Great Divide Basin, Laramie Basin, Shirley Basin and Wind River Basin areas of Wyoming.
“We are pleased to update and further delineate another uranium resource from amongst the 25 uranium projects acquired in Wyoming, said Corey Dias, Anfield CEO.
"Including the recently-commissioned Charlie Project resource report, this will be only the fifth NI 43-101 resource report commissioned for our Wyoming projects."
So far, the firm's three completed resource reports have increased its indicated uranium resource by around 3.6mln pounds and its inferred resource by around 4.5mln pounds.
"Given that 80% of Anfield’s Wyoming projects have yet to be addressed in terms of resource delineation, we believe a significant pipeline is emerging. Importantly, Anfield remains on course to deliver on its strategy of creating a long-term viable uranium production complex in Wyoming as a vital part of its portfolio of U.S. uranium assets."
Earlier this month, the group unveiled an NI 43 101 report for its Nine Mile Lake uranium project in Natrona County, Wyoming.
That showed an indicated resource of 2.108mln tons with an average grade of 0.059%, which is equivalent to an indicated resource of 2.504mln pounds of uranium.
The inferred resources is 1.297mln tons of mineralized material with an average grade of 0.070% , which is equivalent to an inferred resource of 1.804mln pounds of uranium.
"We are very pleased to announce the receipt of this resource report. Since acquiring 24 Wyoming uranium projects from Uranium One in 2016, we have committed to updating and confirming resources held on those properties," said Corey Dias.
"This report is the third to have been completed, and there remains a significant opportunity to delineate further uranium resources on the remaining 21 projects.
"Moreover, with the Charlie project resource report expected to be completed within the next 60 days, we expect to see continued significant growth in our uranium resource base.
"Finally, Anfield remains on course to deliver on its strategy of creating a viable uranium production complex in Wyoming as it looks to pair its resource base with the Resin Processing Agreement it has in place with Uranium One whereby it can process up to 500,000 pounds of uranium per year at Uranium One’s Irigaray Central Processing Plant.”