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Anfield Energy Engages BRS Engineering to Complete a PEA for the Charlie Uranium Project
VANCOUVER, British Columbia, May 13, 2019 (GLOBE NEWSWIRE) -- Anfield Energy Inc. (TSX.V: AEC; OTCQB: ANLDF; FRANKFURT: 0AD) (“Anfield” or “the Company”) is ple
About this update from Anfield Energy Inc
[{"type":"text","content":" VANCOUVER, British Columbia, May 13, 2019 (GLOBE NEWSWIRE) -- Anfield Energy Inc. (TSX.V: AEC; OTCQB: ANLDF; FRANKFURT: 0AD) (“Anfield” or “the Company”) is pleased to announce that it has engaged BRS Engineering to complete a Preliminary Economic Assessment (PEA) for the recently-acquired Wyoming-based Charlie Uranium Project (“Charlie Project”). The PEA is expected to be completed by the end of June 2019. Anfield had previously issued a revised mineral resource technical report for the Charlie Project, entitled “Charlie Uranium Project Mineral Resource NI 43-101 Technical Report, Johnson County, Wyoming, USA” and dated February 7, 2019. This report is filed on SEDAR and states the following estimated mineral resources: An Indicated Mineral Resource of 1,255,000 tons with an average grade of 0.123% eU3O8 (equivalent to an Indicated Resource of 3,100,000 pounds of eU3O8); and An Inferred Mineral Resource of 411,000 tons with an average grade of 0.12% eU3O8 (equivalent to 988,000 pounds of eU3O8). Corey Dias, Anfield CEO, states, “We are pleased to begin the process of moving Charlie forward through the commissioning of a Preliminary Economic Assessment. We believe that, when combined with our Resin Process Agreement with Uranium One, this project will place Anfield in a strong position for potential future production. Moreover, with the U.S. Department of Commerce’s Section 232 recommendation before the White House to implement a supportive U.S. uranium policy, a positive outcome could prove a boon to companies such as Anfield with a U.S. production horizon”. 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 Pa...