- Anfield Energy (AEC) has signed a definitive agreement with ACCO Resources to acquire a 100-per-cent interest in the Dripping Springs Quartzite Uranium Project
- The project is located in Arizona
- To acquire the claims and associated data, Anfield will pay US$50,000 in cash and issue 15 million of its common shares to the seller
- Anfield is a uranium and vanadium development and near-term production company that is committed to becoming a top-tier energy-related fuels supplier
- Anfield Energy Inc. opened trading at C$0.08 per share
Anfield Energy (AEC) has signed an agreement with ACCO Resources to acquire a 100-per-cent interest in the Dripping Springs Quartzite Uranium Project.
The project, located in Gila County, Arizona, consists of 115 unpatented mining claims and associated data covering more than 2,300 acres.
“We are pleased to acquire the Dripping Springs Quartzite Uranium Project, given both the history of uranium exploration and the identification by the US Geological Survey of more than 100 uranium deposits in the area, said Corey Dias, Anfield’s CEO.
“Moreover, the region hosts eight past-producing mines – which shipped material to the Globe, Arizona-based uranium-buying station in the 1950s – along with Uranium Energy Corp.’s Workman Creek project,” he added.
Although Anfield has not yet identified a uranium resource on its claims, studies of the greater Dripping Springs region have confirmed uranium resources in the vicinity.
For example, a historical uranium resource estimate prepared by Dravo Engineers in August 1980 as part of a feasibility study for the Dripping Springs Quartzite area, using a cut-off grade of 0.05 per cent, returned 4.4 million tons containing approximately 9.8 million pounds.
To acquire the claims and associated data, Anfield will pay US$50,000 in cash and issue 15 million of its common shares to the seller.
Anfield is a uranium and vanadium development and near-term production company that is committed to becoming a top-tier energy-related fuels supplier.
Anfield Energy Inc. opened trading at C$0.08 per share.