Anfield Energy (AEC) will carryout a mineral resource report for its Taylor Ranch ISR Project.
Taylor Ranch is one of the 25 uranium mining properties held by the company in the Black Hills, Powder River Basin, Great Divide Basin, Laramie Basin, Shirley Basin and Wind River Basin areas of Wyoming.
BRS Engineering has been hired to complete the mineral resource report on the project.
The Taylor Ranch Project is located in the Powder River Basin Uranium District in portions of Campbell, Converse, and Johnson Counties, Wyoming.
Mineral rights at the Taylor Ranch Project include mining claims, Wyoming State leases, and private leases totalling approximately 5,620 acres.
Regional exploration drilling programs were conducted on the project in the 1970’s by the American Nuclear-Tennessee Valley Authority partnership, Conoco Minerals, and Kerr McGee.
"Given the strengthening global sentiment related to the uranium market, we are pleased to update and further delineate another uranium resource from amongst the 25 uranium projects acquired in Wyoming. This will be only the fifth NI 43-101 resource report commissioned for our Wyoming projects, so there is significant potential pipeline of uranium resource available to us within our current portfolio. Importantly, Anfield remains on course to deliver on its strategy of creating a long-term viable uranium production complex in Wyoming as a vital part of its portfolio of U.S. uranium assets," said Anfield CEO Corey Dias.
Anfield Energy is down 4.17 per cent, trading at $0.12 at 10:31 am ET.