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Anfield To Commence Confirmation Drill Program at Its JD-7 Mine
Globenewswireยท 2025-08-25 11:00
Core Viewpoint - Anfield Energy Inc. has received approval for a drilling program at its JD-7 open pit mine in Colorado, which is part of its strategy to enhance uranium and vanadium resource exploration and production capabilities [1][2][4]. Group 1: Drilling Program Details - The company plans to conduct a 20-hole, 8,000-foot rotary drill program at the JD-7 mine, with drilling expected to start in mid-September and take about two weeks to complete [1]. - The objectives of the drilling program include collecting geological information on uranium mineralization, confirming existing pit resources, and assessing the potential for resource expansion [1]. Group 2: Strategic Developments - Anfield's CEO highlighted the significance of the drill program approval coinciding with the company's upcoming Nasdaq listing and its ongoing efforts to finalize a reactivation plan for the Shootaring mill in Utah [2]. - The proposed amendment to the radioactive materials license aims to increase mill throughput and annual production capacity, facilitating a hub-and-spoke production model for uranium and vanadium [2]. Group 3: Project Pipeline and Future Outlook - The company is advancing its pipeline of uranium and vanadium projects, including the Velvet-Wood mine and the Slick Rock mine, in anticipation of a mill restart in 2027 [3]. - Anfield is encouraged by the U.S. Department of Energy's initiatives to enhance domestic uranium supply chain capacity, which aligns with the company's production goals [4]. Group 4: Historical Production and Resource Estimates - Historical production data for the JD-7 mine indicates a total of 12,441 tons with a uranium grade of 0.186% and vanadium grade of 0.504%, resulting in contained uranium of 46,280 lbs and contained vanadium of 125,410 lbs [6]. - Current mineral resource estimates for the JD-7 mine show 865,000 tons with an indicated uranium grade of 0.196% and vanadium grade of 0.98%, translating to contained uranium of 3,385,000 lbs and contained vanadium of 16,925,000 lbs [6].