Business
Anfield Resources Inc. Considers Vanadium Potential of its Assets
(via Thenewswire.ca) VANCOUVER, BRITISH COLUMBIA / TheNewswire / May 19, 2016 -- Anf...
About this update from Anfield Energy Inc
[{"type":"text","content":"Anfield Resources Inc. Considers Vanadium Potential of its Assets(via Thenewswire.ca)\n\n \nVANCOUVER, BRITISH COLUMBIA / TheNewswire / May 19, 2016 -- Anfield Resources Inc. (TSX.V: ARY) (FRANKFURT: 0AD)(\"Anfield\" or \"the Company\"), as part of its asset review, has identified for consideration the vanadium potential of both its Velvet-Wood uranium property and its Henry Mountains uranium property. Both of these assets were acquired as part of the Uranium One transaction.\n\n \n \nVelvet-Wood Project\n\n \n \nThe Velvet-Wood Project is one of the most advanced conventional uranium projects in the U.S. Between 1979 and 1984, approximately 400,000 tons of ore were mined from the Velvet Deposit at grades of 0.46% U3O8 and 0.64% V2O5 (vanadium oxide), recovering approximately 4 million pounds of U3O8 and 5 million pounds of V2O5 (vanadium oxide),.\n\n \n \nThe remaining mineral resources of the combined Velvet and Wood mines have been estimated to comprise 4.6 million pounds of U3O8at 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). A vanadium resource has not yet been calculated. (Source: Velvet-Wood Mine Uranium Project, San Juan County, Utah USA 43-101 Mineral Reserve and Resource Report, Author: BRS Inc.; Date: 11/14/2014)\n\n \n \nHenry Mountains Project\n\n \n \nHenry Mountains lies within twelve miles of the Shootaring Canyon mill. Based on historical production and resources hosted by the Salt Wash Member of the Jurassic Morrison Formation, US Energy identified geological targets within two areas of the Henry Mountains. Combined the potential of these two target areas is 5 million tons grading 0.3% U3O8 to 0.4% U3O8 containing 30 to 40 million pounds of U3O8 and 0.5% V2O5 (vanadium oxide), to 0.6% V2O5, containing 50 to 60 million pounds of V2O5 . \n\n \n \nUS Energy stated that the potential quantity and grade of the exploration targets were conceptual in nature and there was no assurance the targets would be further defined by further exploration drilling. Further, Anfield Resources Inc. has been unable to verify the data and further states that the presence of uranium mineralization and geological targets on the US Energy property are not necessarily indicative of similar mineralization on the Anfield Resources Inc. Henry Mountains propert...