Anfield Energy Unveils Promising Developments in Drill Program
Positive Developments in Anfield Energy's JD-7 Mine Drill Program
Anfield Energy Inc. (TSX.V: AEC; NASDAQ: AEC; FRANKFURT: 0AD) is excited to share significant progress from its ongoing confirmation drill program at the JD-7 mine. Located in a well-known uranium and vanadium mining area, Anfield aims to enhance its resource estimates and confirm existing mining potential through a carefully designed drilling initiative.
Completion of Initial Drill Holes
The company has successfully completed 12 out of the planned 20 drill holes, contributing to a total depth of 8,000 feet in its confirmation program, which began recently. This drill campaign is critical as it serves multiple purposes: collecting geological data related to uranium mineralization, verifying current resource metrics within the pit, and identifying potential locations for resource expansion.
Impressive Drilling Results
Initial results from the drilling program have been highly encouraging. Among the highlights:
- One hole revealed an impressive intercept of 17.0 feet, graded at 5,190 ppm eU3O8, along with a peak of 14,850 ppm at a depth of 153.5 feet.
- Another hole showed 19.0 feet grading 2,380 ppm eU3O8, peaking at 9,240 ppm at a depth of 170.0 feet.
- A further 17.0 feet grading 1,620 ppm eU3O8 was recorded, with higher values detected at depth.
Such results not only underscore the potential for resource verification but also suggest promising opportunities for expansion at JD-7, aligning perfectly with Anfield's strategic objectives.
Drilling Methodology and Historical Comparison
The drill program utilizes a combination of air rotary methods and split-barrel core drilling, conducted by industry partner Tri-Park Drilling. The ongoing logging has indicated elevated uranium levels surpassing the threshold of 200 ppm eU3O8 across many drill holes, demonstrating consistency with historical datasets related to the JD-7 mine.
Assessing Mineralization Potential
Among the completed holes, seven have revealed commendable Grade Thickness (GT) values over 0.5, marking them as high-potential zones for further exploration. There are also several holes that exhibit moderate mineralization, providing a comprehensive view of the resource extent.
Core Analysis and Laboratory Collaboration
To complement the drilling efforts, two holes were carefully chosen for core sampling, allowing Anfield to gain physical samples of mineralized rock. These samples will go through rigorous examination at two well-known laboratories: Pace Analytical in Sheridan and Hazen Research in Golden. The focus will be on determining uranium and vanadium content and refining the overall geological model, which is crucial for production planning.
Commitment to Sustainable Growth
With a mission to evolve as a premier supplier of energy-related fuels, Anfield Energy is striving for growth through efficient asset management and focusing on sustainable practices. These latest drilling insights not only affirm the company's dedication to exploring its JD-7 mine but also highlight its vision for expanding its footprint in the uranium and vanadium markets.
Summary and Future Outlook
Corey Dias, Anfield’s CEO, expresses enthusiasm about the interim drill results, emphasizing their role in validating the underlying potential of JD-7 and the company’s broader ambitions. As the remaining drill holes are completed, Anfield expects to have results that could significantly influence future resource development strategies and operational planning, particularly in relation to its hub-and-spoke production model.
Frequently Asked Questions
What is the aim of Anfield's JD-7 drill program?
The drill program aims to collect geological data, confirm known resources, identify potential for resource expansion, and refine mining models.
How many holes were initially planned in the drill program?
The program plans to execute a total of 20 drill holes to further explore the mineral potential of JD-7.
What initial results has Anfield reported?
Initial results show high-grade uranium intercepts, with some holes yielding promising mineralization, underscoring the resource's potential.
What laboratories will analyze the core samples?
Core samples will be analyzed by Pace Analytical and Hazen Research to evaluate uranium and vanadium content.
How does Anfield Energy prioritize sustainable growth?
Anfield is committed to creating value through sustainable practices, focusing on efficient growth and effective management of its assets.
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