- Anfield Energy (AEC) has hired an engineering firm to complete a mineral resource report on four of it West Slope Uranium/Vanadium properties
- The Vancouver-based mineral exploration company owns a total of nine mines on its West Slope Project in the Uravan region of Colorado
- The targeted West Slope properties represent a historical uranium and vanadium resource of approximately 7Mlbs and 33Mlb
- Given the rising uranium market, the company believes now is the time to conduct the detailed mineral resource report
- Anfield Energy is up 5.56 percent, trading at $0.095 at 10:32 a.m. EST
Anfield Energy (AEC) has hired an engineering firm to complete a mineral resource report on four of it West Slope Uranium/Vanadium properties.
The Vancouver-based mineral exploration company owns a total of nine mines on its West Slope Project in the Uravan region of Colorado.
The targeted West Slope properties represent a historical uranium and vanadium resource of approximately 7Mlbs and 33Mlbs, respectively, at the grades described below.
The company believes existing estimates to be historical in nature and that a qualified person has not done sufficient work to classify the historical estimate as current mineral resources. A qualified person will need to conduct an analysis of data from previous exploration activities to delineate an updated uranium and vanadium resource estimate.
The company believes now is the time to conduct that estimate.
“Given the strengthening global sentiment related to the uranium market, we are pleased to update and determine the potential economics for four of our West Slope properties in Colorado. We believe that these projects could serve as a critical portion of Anfield’s long-term viable conventional uranium production – underpinned by the Shootaring Canyon mill in Utah – as a part of its portfolio of U.S. uranium assets,” said Anfield CEO Corey Dias.
The West Slope Project, located in Montrose and San Miguel Counties of southwestern Colorado, consists of nine Department of Energy leases, associated with adjacent lode mining claims and leases, covering 6,913 acres.
Anfield Energy is up 5.56 percent, trading at $0.095 at 10:32 a.m. EST.