Anfield Resources to Evaluate the Addition of a Vanadium Milling Circuit at its Shootaring Canyon Mill
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2005, 4390 Grange Street
Burnaby, BC V5H 1P6
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www.anfieldresources.com
TSX.V: ARY
OTCQB: ANLDF
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Anfield Resources to Evaluate the Addition of a Vanadium Milling Circuit at
its Shootaring Canyon Mill
VANCOUVER, BRITISH COLUMBIA -- MARKETWIRED – December 5, 2017 — Anfield Resources Inc.
(TSX.V: ARY) (OTCQB: ANLDF) (FRANKFURT: 0AD) (“Anfield” or “the Company”) will evaluate the
feasibility of adding a vanadium processing facility to its Shootaring Canyon uranium mill. This reflects
Anfield’s intent to capitalize on potential opportunities as vanadium continues to become an even-more
relevant commodity in the energy sector. To this end, Anfield has engaged BRS Engineering, Inc. to
update Anfield’s NI 43-101 Preliminary Economic Assessment related to the Velvet-Wood Mine to
include a vanadium milling circuit as part of a production scenario.
Corey Dias, Anfield’s CEO, commented, “We are excited to explore the feasibility of vanadium
production at Shootaring via our Velvet-Wood mine. Importantly, the Velvet mine has historically
produced 4 million pounds of uranium and 5 million pounds of vanadium. While uranium production
remains our core pursuit – especially in the current environment, where uranium producers Cameco and
Kazatomprom have announced a combined uranium production cut of over 40 million pounds over 3
years – we are nevertheless committed to seeing the effective development and production of
vanadium resources contained and commingled in our feedstock ore. Importantly, a positive outcome
related to this evaluation could have a positive effect on our uranium production scenario through by-
product credits which will reduce our overall operating costs”.
Shootaring Canyon Uranium Mill
The Shootaring Canyon Uranium Mill is one of only three licensed, permitted and constructed
conventional uranium mills in existence in the U.S. Located approximately 48 miles (77 kilometers)
south of Hanksville, Utah, the Shootaring Canyon Mill is a conventional acid-leach facility that is
permitted to process up to 750 tonnes of ore per day, with a capacity to process up to 1,000 tonnes per
day. The mill was built in 1980 and during its period of operation it processed and sold 27,825 pounds
of U3O8. It ceased operation with the collapse of the uranium price in the early 1980s.
Velvet-Wood Mine
Based upon historical production, the Velvet-Wood Mine has the potential to be a significant source of
vanadium. Between 1979 and 1984, Atlas Minerals mined approximately 400,000 tons of ore from the
Velvet Deposit at grades of 0.46% U3O8 and 0.64% V2O5, recovering approximately 4 million pounds of
U3O8 and 5 million pounds of V2O5.
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). Source: Velvet-Wood Mine
Uranium Project, San Juan County, Utah USA NI 43-101 Mineral Reserve and Resource Report, Author:
BRS Inc.; Date: 11/14/2014.
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About Anfield
Anfield is an energy metals exploration, development and near-term production company that is
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:
Wyoming – Irigaray ISR Processing Plant (Resin Processing Agreement)
Anfield has 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 contracts.
Anfield’s 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.
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.
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, has approved the scientific and technical
disclosure in the news release. He 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.
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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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