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Anfield Resources Inc. (TSXV:ARY,OTCQB:ANLDF) reported a mineral resource for the Velvet-Wood project: a combined measured and indicated resource of 4.627 million pounds of uranium at an average grade of 0.29%. The NI 43-101 Technical Report also includes an inferred resource of 552,000 pounds of uranium at an average grade of 0.32%.
As quoted in the press release:
The Technical Report, dated November 14, 2014 and prepared by Douglas L. Beahm of BRS, Inc., estimates that the Project, which includes the combined Velvet and Wood properties, contains a combined measured and indicated resource of 4.627 million pounds of U3O8 at an average grade of 0.29% U3O8.
The Report also included an inferred resource of 552,000 pounds of U3O8 at an average grade of 0.32% U3O8.
Anfield CEO Corey Dias, said:
We are very pleased with the results of the technical report for the Velvet-Wood Project. As recommended in the report, after completing the purchase of the Project we intend to move forward with both mine design and feasibility studies for the Project, as we expect that it will be an important source of feed for the anticipated restart of the Shootaring Canyon Uranium Mill.
Click here to read the Anfield Resources Inc. (TSXV:ARY,OTCQB:ANLDF) press release
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