Anfield Resources Discloses Conceptual Vanadium Exploration Target at its Velvet-Wood Mine

Anfield Resources (TSX VENTURE: ARY) (OTCQB: ANLDF) (FRANKFURT: 0AD)(“Anfield” or “the Company”) announces a conceptual vanadium exploration target at its Velvet-Wood Mine, located in Utah. BRS Engineering has completed an Exploration Target report, entitled “Velvet-Wood Vanadium Exploration Target, National Instrument 43-101, Utah, U.S.A.”, with effective date of December 11, 2017 (the “Velvet-Wood Vanadium Report”) which provides a vanadium exploration target of between 6.3Mlbs and 9.7Mlbs at a grade of between 0.4% V₂O₅ and 0.61% V₂O₅.
BRS is a consulting and engineering firm with nearly 40 years of experience assessing both uranium and vanadium projects. The potential quantities and grades, as stated below, are conceptual in nature and have been approximated. There has been insufficient exploration to define a mineral resource for vanadium. Furthermore, it is uncertain if additional exploration will result in the exploration target being delineated as a mineral resource.
Corey Dias, Anfield’s CEO stated:

“We are pleased to announce a vanadium exploration target at our Velvet-Wood mine, which builds on the historical production of 5 million pounds of vanadium at this site — as stated in our 2016 Preliminary Economic Assessment for the Velvet-Wood project.
We believe that the recent upsurge of interest in vanadium provides Anfield with a unique opportunity to create a vanadium co-product production plan” which will both complement and enhance the attractiveness of uranium extraction at the Velvet-wood mine.”

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