Anfield Resources Engages BRS Engineering to Complete a Uranium Resource Report for Third of 24 Projects in Wyoming
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608, 1199 West Pender Street
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Anfield Resources Engages BRS Engineering to Complete a Uranium
Resource Report for Third of 24 Projects in Wyoming
VANCOUVER, BRITISH COLUMBIA -- MARKETWIRED – November 15, 2017 — Anfield Resources Inc.
(TSX.V: ARY) (OTCQB: ANLDF) (FRANKFURT: 0AD) (“Anfield” or “the Company”) is pleased to announce
that is has engaged BRS Engineering to complete a mineral resource report for the Nine Mile uranium
project in Wyoming. The Nine Mile project was purchased from Uranium One Americas Inc. (“Uranium
One”) in September 2016 and is one of the 24 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. As a key part of this 2016 transaction, Anfield also signed a Resin Processing Agreement with
Uranium One whereby Anfield would process up to 500,000 pou nds per annum of its mined material at
Uranium One’s Irigaray processing plant in Wyoming.
Anfield has previously released two NI 43-101 compliant mineral resource technical reports for properties
acquired from Uranium One in the 2016 transaction: 1) the Clarkson Hill uranium project, entitled
“Clarkson Hill Uranium Project, Mineral Resource NI 43-101 Technical Report, Natrona County, Wyoming,
USA” with an effective date of July 27, 2017 (the “Clarkson Hill Report”) ; and 2) the Red Rim uranium
project, entitled “Red Rim Uranium Project, Mineral Resource Technical Report, National Instrument 43-
101, Carbon County, Wyoming, USA” and dated March 31, 2017 (the “Red Rim Report”). These reports
are filed on SEDAR and state the following estimated mineral resources:
• Clarkson Hill:
o Inferred Mineral Resource of 957,000 tons with an average grade of 0.058 % eU3O8, estimated
to contain 1,113,000 pounds of eU3O8.
• Red Rim:
o an Indicated Resource of 336,655 tons of mineralized material with an average grade of
0.170% eU3O8 (equivalent to an Indicated Resource of 1,142,449 pounds of eU3O8); and
o an Inferred Resource of 472,988 tons of mineralized material with an average grade of 0.163%
eU3O8 (equivalent to an Inferred Resource of 1,539,447 pounds of eU3O8).
Corey Dias, Anfield CEO, states “We are pleased to update and further delineate another uranium
resource from amongst the 24 Wyoming uranium projects acquired from Uranium One in 2016.
Importantly, this is only the third Wyoming project for which we are commissioning a resource report and,
given that the Company acquired 24 Wyoming projects form Uranium One, we believe a significant
pipeline remains.
Given the recent Cameco news, we also feel it is an important time to solidify our resource base and
determine which of our uranium projects are the most viable. Near-term supply disruptions may continue
as the spot price remains below the cost of production of many companies, and long-term utility contracts
come to an end. We believe that the current uranium price is unsustainable at such low levels, and Anfield
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is committed to positioning itself as a future uranium producer to coincide with the expected rebound in
the uranium price. Ultimately, Anfield aims to pair a future viable uranium resource with the Resin
Processing Agreement it has in place with Uranium One in Wyoming whereby it can process up to 500,000
pounds of uranium per year at Uranium One’s Irigaray Central Processing Plant”.
About the Nine Mile Project
The Nine Mile Project is located in Natrona County Wyoming approximately nine miles north of Casper
and both east and west of US Interstate 25. Roll -front type uranium mineralization occurs in the Teapot
Sandstone within the Mesaverde Formation. Between November 1976 and November 1980 a test In Situ
Leach ("ISL") plant was operated on the Nine Mile Project by Rocky Mountain Energy Company (RME),
with mixed results. A total of four wellfield patterns underwent testing and development, 3 patterns were
completed using sulfuric acid and one using a carbonate leach. Acid was chosen after preliminary core
tests suggested a 90% recovery versus 80% with carbonate leaches. The first test pattern using sulfuric
acid created a gypsum build -up, limiting acid contact with t he uranium resulting in poor recovery. The
second wellfield pattern, also using sulfuric acid, utilized a water jet perforation method developed with
the U.S. Bureau of Mines. This test was successful with solution concentrations ranging from 70 to 300
ppm U3O8, averaging a little over 100 ppm. Results for the last two wellfield trials are not available. In
addition, in 1977 the US Bureau of Mines, in cooperation with RME, commissioned a field demonstration
of hydraulic mining of uranium sands in the same general area of the ISL testing.
In 1981, RME issued an internal report titled “Nine Mile Lake Geological Evaluation” by B. Atherley, C.
Heidenreich, and J. Moran, dated April 22, 1981, which summarizes “Uranium Reserves” for mineralized
areas east of I25 and “Uranium Resources” west of I25. Both estimates were completed using a standard
polygonal method. Both estimates applied a minimum uranium grade cutoff of 0.02 eU3O8. The “Uranium
Reserves” east of I25 applied a minimum GT cutoff that varied by depth f rom 0.13 at 100 feet to 0.30 at
600 feet. The “Uranium Resources” west of I25 applied a minimum GT cutoff of 0.04. The report states
“Mineral Reserves” of 3.9 million pounds of uranium (no average grade stated) and “Mineral Resources”
of 1.1 million pounds at an average grade of 0.054% eU3O8. Anfield considers these estimates to be
historical and cautions that a qualified person has not done sufficient work to classify the historical
estimate as current mineral resources or mineral reserves and the Anfield is not treating the historical
estimate as current mineral resource or mineral reserves.
About BRS
BRS, Inc. is an engineering and geology consulting corporation with expertise in mining and mineral
exploration. Of particular note, it specializes in uranium exploration, mineral resource evaluation, mine
design, feasibility, mine operations, and reclamation. It has completed numerous uranium projects
including technical reports and feasibility studies for underground, open pit, ISR, and conventional
uranium mills. Representative projects include technical reports and due diligence for project financing
for conventional uranium projects including the Sheep Mountain and the JAB -RD open pit in Wyoming,
the Cibola Project in New Mexico, the Coles Hill, Virginia open pit and underground mine, and numerous
ISR uranium projects in Wyoming and Paraguay.
Douglas L. Beahm, P.E., P.G., the principal engineer at BRS, is a Qualified Person as defined in NI 43 -101
with 40 years of professional and managerial experience. Mr. Beahm has a proven track record in a variety
of mining and mine reclamation projects including surface and underground mining, heap leach recovery,
ISR, and uranium mill tailings projects. Mr. Beahm’s experience includes coal, precious metals, and
industrial minerals, but his emphasis throughout his career has been on uranium.
About Anfield
Anfield is an energy metals exploration, development and near -term production company that is
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committed to becoming a top -tier energy-related fuels supplier by creating value through sustainable,
efficient growth in its energy metals assets. Anfield is a publicly -traded corporation listed on the TSX -
Venture Exchange (ARY -V), the OTCQB Marketplace (ANLDF) and the Frankfurt Stock Exchange (0AD).
Anfield is focused on two production centres, as summarized below:
Arizona/Utah – Shootaring Canyon Mill
A key asset in Anfield’s existing portfolio is the Shootaring Canyon Mill in Garfield County, Utah. The
Shootaring Canyon Mill is strategically located within one of the historically most prolific uranium
production areas in the United States, and is one of only three licensed uranium mills in the United States.
Anfield’s conventional uranium assets consist of mining claims and state leases in southeastern Utah and
Arizona, targeting areas where past uranium mining or prospecting occurred. Anfield’s conventional
uranium assets include the Velvet-Wood Project, the Frank M Uranium Project, as well as the Findlay Tank
breccia pipe. All conventional uranium assets are situated within a 125-mile radius of the Shootaring Mill.
Wyoming – Irigaray ISR Processing Plant (Resin Processing Agreement)
Anfield has also signed a Resin Processing Agreement with Uranium One wherein Anfield would process
up to 500,000 pounds per annum of its mined material at Uranium One’s Irigaray processing plant in
Wyoming. In addition, should Anfield sign uranium sales contracts, the Company can both buy and borrow
uranium from Uranium One in order to fulfill some or all of its contract s.
Anfield’s 24 ISR mining projects are located in the Black Hills, Powder River Basin, Great Divide Basin,
Laramie Basin, Shirley Basin and Wind River Basin areas in Wyoming.
On behalf of the Board of Directors
ANFIELD RESOURCES INC.
Corey Dias, Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact:
Anfield Resources, Inc.
Clive Mostert
Corporate Communications
780-920-5044
www.anfieldresources.com
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