Business
Anfield Resources Inc. Announces Acquisition of Colorado Uranium Assets
(via Thenewswire.ca) -- continues its strategic investment in uranium assets with ne...
About this update from Anfield Energy Inc
[{"type":"text","content":"Anfield Resources Inc. Announces Acquisition of Colorado Uranium Assets(via Thenewswire.ca)\n\n \n\n\n-- continues its strategic investment in uranium assets with near-term cash flow potential\n\n\n\n-- acquires 239 new unpatented uranium mining claims in Colorado with a prolific history of uranium production\n\n\n\n-- uranium portfolio now consists of 600 unpatented uranium mining claims, making Anfield one of the largest uranium claimholders within one of the most historically prolific uranium mining regions within the United States \n\n\n\n-- all of the Utah and Colorado claims lie within a 120-mile radius of the White Mesa Mill\n\n\n\n \n \nVANCOUVER, BRITISH COLUMBIA-- TNW-ACCESSWIRE - May 8, 2014 ... Anfield Resources Inc. (ARY-V) (\"Anfield\" or \"the Company\") is pleased to announce that it is continuing its strategic investment in uranium assets with the acquisition of 239 unpatented mining claims in 49 mining claim groups on federal land in Colorado, located pursuant to applicable law, from Alamosa Mining Corp. (\"Alamosa\"). The acquisition gives Anfield access to mineral rights on over 4,800 acres (1,943 hectares) in four separate districts within the Uravan Mineral Belt, a region with prolific past uranium and vanadium production. Anfield's uranium portfolio now consists of 600 unpatented mining claims in 113 claim groups in Utah, Colorado and Arizona, and 9 mineral leases on Utah State Trust Land. Moreover, the Company now has access to mineral rights on over 17,500 acres (7,082 hectares) in Utah and Colorado in districts where historical uranium and vanadium production reached over 37 million pounds and 100 million pounds, respectively. \n\n\n \nThe acquisition represents a significant increase in Anfield's uranium footprint, and further advances the strategy of targeting mineralized areas with past uranium production or historical underground workings, as at least one uranium prospect or past-producing uranium mine has been identified within each acquired claim group. The claims all lie within a 100-mile (161 km) radius of Energy Fuels Inc.'s White Mesa mill, the only operating conventional uranium mill in the US, which would facilitate the Company's aim of toll milling in order to generate near-term cash flow. The claims are also within a 35-mile (56 km) radius of the Energy Fuels Inc.'s proposed Pinion Ridge M...