Anfield Resources Inc. Announces Acquisition of Colorado Uranium Assets

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Anfield Resources Inc. acquires 239 new unpatented uranium mining claims in Colorado with a prolific history of uranium production.

Anfield Resources Inc. (ARY-V) 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.

The 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 Mill.

“We are pleased to acquire such prospective uranium assets in Colorado to complement our uranium holdings in Utah,” stated Anfield CEO Corey Dias. “We believe that there is a significant opportunity to both identify and advance targeted properties in Colorado in a similar fashion to what we have recently commenced in Utah at our Firefly Mine Complex”.

Below is a summary of the acquired uranium assets:

Slick Rock District

The new acquisition includes fifteen claim groups consisting of 105 individual claims situated in the Slick Rock District in western San Miguel County, Colorado. Between 1956 and 1965, production in this district totalled 5,291,289 lbs of U3O8 and 37,708,517 lbs V2O5, with an average grade of 0.25% U3O8 and 1.8% V2O5.

Western Gypsum Valley District

The new acquisition also includes fifteen claim groups consisting of 43 individual claims situated in the Western Gypsum Valley District in western Montrose and San Miguel Counties, Colorado. Between 1956 and 1965, production in this district totalled 144,213 lbs of U3O8 and 1,127,747 lbs V2O5, with an average grade of 0.24% U3O8 and 1.91% V2O5.

Paradox District

The new acquisition also includes ten claim groups consisting of 45 individual claims situated in the Paradox District in western Montrose County, Colorado. Between 1956 and 1965, production in this district totalled 1,492,764 lbs of U3O8 and 8,366,789 lbs V2O5, with an average grade of 0.28% U3O8 and 1.56% V2O5. The Paradox District extends into eastern Utah, and includes Anfield’s previously acquired Firefly Mine Complex property.

Gateway District

The new acquisition also includes nine claim groups consisting of 46 individual claims situated in the Gateway District in southern Mesa County, Colorado. The Energy Fuels January 2009 Technical Report states the numerous underground mines on and immediately adjacent to the Torbyn Project produced 294,969 lbs U3O8 and 1,103,328 lbs V2O5 through 1978.

Unless otherwise specified, production figures in this news release are as reported in Mineral Resources in San Juan County, Utah and Adjacent Areas, Utah Geological and Mineralogical Survey Special Studies 24 (II) (1969).

About Anfield Resources Inc.
Anfield is a publicly traded corporation listed on the TSX-Venture Exchange (ARY-V) and is engaged in mineral exploration, development and production in the United States and Chile. Its focus is on acquiring and developing an array of strategic mineral projects.

Contact Info:
Name: Corey Dias, Chief Executive Officer
Email: Send Email
Organization: Anfield Resources Inc.
Phone: 1 (480) 288-6530
Website: http://anfieldresources.com

Release ID: 44046

CONTACT ISSUER
Name: Corey Dias, Chief Executive Officer
Email: Send Email
Organization: Anfield Resources Inc.
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