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Anfield Resources Inc.
Summary
| Project: | Velvet Wood | |
|---|---|---|
| Deposit: | Velvet Wood | |
| Location: | United States | |
| Commodities: | Uranium | |
| Date: | 6/27/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-6-2016: Anfield Resources Inc. announces a PEA report for its Velvet Wood deposit at the Velvet Wood project. PEA results incl. pre-tax NPV (8%) of US$63M, IRR of 41%. VANCOUVER, BRITISH COLUMBIA -- TNW-ACCESSWIRE – June 27, 2016 — Anfield Resources In | |
| Resources: | (Resource): 4.6Mlbs U3O8 @ 0.29% U3O8 (M+I), 552000lbs U3O8 @ 0.32% U3O8 (Inf.) | |
| CP/QP: | [Overall Report]: Douglas L. Beahm, Terence P. McNulty (BRS Inc.;T.P. McNulty and Associates Inc.) | |
| ABSTRACT: | VANCOUVER, BRITISH COLUMBIA -- TNW-ACCESSWIRE – June 27, 2016 — Anfield Resources Inc. (TSX.V: ARY) (FRANKFURT: 0AD)(“Anfield” or “the Company”), is pleased to report the results of its Preliminary Economic Assessment (“PEA”) with regard to the Velvet-Wood Uranium Project (“VelvetWood”). The independent PEA was prepared in accordance with National Instrument 43-101 standards of disclosure for mineral properties. Velvet-Wood, as discussed herein, consists of two mine areas, located in Lisbon Valley, Utah and the Shootaring Canyon Uranium Mill (“Shootaring Mill”), located in Ticaboo, Utah. In the PEA, initial mineral processing will be via conventional vat or heap leaching methods conducted at Anfield’s existing mineral processing facility, the Shootaring Mill, which lies approximately 180 miles from the Velvet-Wood mine area. Under this scenario, only those portions of the Shootaring Mill necessary for the final processing of pregnant leach solutions, from either a vat or heap leach facility, will be refurbished. The project area covers approximately 2,425 acres, including unpatented mining claims and a State of Utah mineral lease related to the Velvet and Wood mine areas, and the Shootaring Mill. | |
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