Anfield Energy Inc. (TSX-V:AEC, OTCQB:ANLDF) has announced the expansion of its claim holdings within the uranium-rich Artillery Peak project area of Mohave County, Arizona.
The expansion includes 54 claims contiguous to the company’s current project in the Date Creek Basin, making a total of 119 claims in the area, the company said.
With the additional claims in tow, the company has commissioned engineering firm BRS Inc to complete an NI 43-101 uranium resource report for the combined Date Creek Basin/Artillery Peak projects. Historical records indicate a potential uranium resource in the Artillery Peak/Date Creek Basin area of approximately 2.8 million pounds of U3O8, the company said.
READ: Anfield Energy inks deal to sell its uranium royalty portfolio to Uranium Royalty (USA) for US$1.5M
“This undertaking fits our ongoing two-fold strategy of acquiring assets which fit into either our near-term or longer-term production plans,” CEO Corey Dias said in a statement. “The near-term strategy centers on our Colorado and Utah uranium and vanadium mines underpinned by our wholly-owned Shootaring Canyon mill, one of only three licensed conventional mills in the US.”
“The longer-term production strategy includes the acquisition of complementary assets with potential to feed additional uranium and vanadium resource to our Shootaring Canyon mill,” Dias added. “We believe that the expected uranium resource delineated for these holdings will serve as a core component of our longer-term strategy.”
Anfield Energy is a uranium and vanadium development and near-term production company with uranium assets in southeastern Utah, Colorado and Arizona, targeting areas where past uranium mining or prospecting occurred.
Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com
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