Anfield Resources Inc. Appoints Senior Geologist with Uranium Expertise to its Board of Directors
VANCOUVER, BRITISH COLUMBIA / TNW-ACCESSWIRE / December 18, 2014 / Anfield Resources Inc. (TSX.V: ARY; OTCQB: ANLDF) (Frankfurt: 0AD) ("Anfield" or "the Company") is very pleased to welcome Mr. Jim Rasmussen to its Board of Directors. Mr. Rasmussen is a geologist with over 40 years of experience gained while working in all stages of the mining process, ranging from exploration to mine development and operation, in both the uranium and other resource industries.
Mr. Rasmussen's expertise in the uranium industry began while working on both sediment-hosted and breccia pipe uranium projects with Energy Fuels Nuclear, Inc. in 1977, where he managed an exploration team that located and developed resources exceeding 20 million pounds of U3O8. Most recently, Mr. Rasmussen served as the Manager of Exploration for Uranium One Americas, where he executed and oversaw the evaluation, exploration and development of underground and surface mineable uranium deposits. In that role, he developed and executed exploration plans, prepared technical reports, and calculated resource and reserve of projects included in corporate "Life of Mine" planning. As a result of his work with both Uranium One and Energy Fuels Nuclear, he has direct, hands-on experience with the assets that are the subject of the Uranium One-Anfield transaction announced on August 18, 2014.
Mr. Rasmussen's exploration experience includes serving as a general manager for a well-established exploration service company, where he evaluated both base and precious metal deposits in the western U.S., and as a contract geologist for ASARCO where he evaluated sediment-hosted, detachment fault and acid-sulfate type gold deposits, and participated in the evaluation and development of a +250,000 ounce gold deposit in central Arizona. Mr. Rasmussen has also operated an underground gold mine development project in Honduras, and has worked on mining project evaluations in Panama and Peru.
Anfield CEO Corey Dias stated: "We are extremely pleased to have Jim Rasmussen join the Board of Directors. With the anticipated acquisition of the Shootaring Mill, Jim's appointment to the board will be a great benefit to the Company. His in-depth knowledge of uranium deposits on the Colorado Plateau, including the assets that are the subject of the Uranium One transaction, as well as his years of geologic, managerial, and operational experience in the mining industry, will be invaluable in propelling the Company towards its goal of becoming a uranium producer."
Anfield is also pleased to announce that Mr. Roy Fuller will be joining the Company's management team as Vice President of Legal and Regulatory Affairs. In connection therewith, he will be relinquishing his position as a Director of the Company. Mr. Fuller is an attorney with a background in geology focusing on environmental law and issues involving permitting and compliance. He has extensive experience working with mining operations ranging from exploration-stage through production.
Mr. Fuller earned a Bachelors of Science in Geology from Brigham Young University, a Master's of Science in Geological Sciences from the University of Texas, and a Juris Doctorate from the University of Utah. Mr. Fuller has a broad base of experience in the natural resources sector which he gained as an intern while in law school for the U.S. Department of the Interior, Office of the Solicitor, as an attorney in private practice, and as in-house counsel for an emerging natural resources company. During his time at a large Phoenix law firm, he was involved in the representation of a diverse group of resource companies including emerging market exploration companies, alternative energy developers, and large-scale mining companies. He has provided legal counsel and overseen permitting for a variety of projects in the western United States, Chile, and Mexico. Mr. Fuller's public company experience includes serving on Anfield's Board of Directors and as Executive Secretary for Continental Resources Group Inc.
Anfield CEO Corey Dias stated: "We are extremely pleased to have Roy Fuller joining Anfield's management team. As we move forward with licensing and permitting of Anfield's various projects, his expertise in environmental law and permitting will be instrumental in leading the charge towards production."
About Anfield
Anfield is an energy metals exploration, development and near-term production company that is committed to becoming a top-tier energy-related fuels supplier by creating value through sustainable, efficient growth in its energy metals assets. Anfield is a publicly-traded corporation listed on the TSX-Venture Exchange (ARY-V), the OTCQB (ANLDF) and the Frankfurt Stock Exchange (0AD). Anfield is focused on the acquisition and development of an array of strategic energy metals projects as summarized below:
Uranium
Upon the closing of the Shootaring Transaction, the key asset in Anfield's portfolio will be the Shootaring Mill in Garfield County, Utah. The Shootaring Mill is strategically located within one of the historically most prolific uranium production areas in the United States, and is one of only three licensed uranium mills in the United States.
Upon the closing of the Shootaring Transaction, Anfield's uranium assets will consist of mining claims and state leases in southeastern Utah, Colorado, South Dakota and Arizona totalling nearly 65,500 acres (26,507 hectares), targeting areas where past uranium mining or prospecting occurred. Upon the closing of the Shootaring Transaction, Anfield's uranium assets will include the Velvet-Wood Deposit, containing a measured and indicated resource of 4.6 million pounds U3O8 at an average grade of 0.29% (Velvet-Wood Uranium Project, 43-101 Mineral Resource Report, Garfield County, Utah USA dated 14-November-2014, prepared by BRS, Inc.), as well as additional deposits containing a historical measured and indicated U3O8 resource estimate of 2.2 million pounds, all situated within a 125-mile radius of the Shootaring Mill.
Note on Historical Estimates: Anfield is not treating the historical estimates referred to above as current mineral resources or mineral reserves. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves. The tonnages, grades and sources of the 2.2 million pound historic resources referred to above is the Frank M Uranium Project with an indicated resource of 1,095,000 indicated tonnes at 0.101% U3O8 for 2,210,000 pounds (Frank M Uranium Project, 43-101 Mineral Resource Report, Garfield County, Utah USA dated 10-June-2008, prepared by BRS, Inc.).
Copper
The Binghampton Copper Queen (BCQ) project, located 17 miles (27 km) southeast of Prescott, Arizona, and within the Arizona VMS Belt, consists of 5,021 acres (2,032 hectares) of both patented and State land, with two past-producing mines on the property.
The North Star Copper Project, located less than 50 miles (80 km) northwest of Tucson, consisting of 200 mining claims covering approximately 4,000 acres (1,619 hectares), targets relatively shallow oxide copper at the historic North Star site in the heart of copper country in southern Arizona.
The Aura Project, a nascent copper operation in Atacama, Chile, is located 20 miles (32 km) east of Copiapo and consists of eight mining concessions totalling over 2,800 acres (1,133 hectares) in one of the foremost copper producing regions in the world.
On behalf of the Board of Directors
Corey Dias, Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact:
Clive Mostert
Corporate Communications
780-920-5044
info@anfieldresources.com
www.anfieldresources.com
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