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VANCOUVER - Anfield Energy Inc. (TSX.V:AEC; NASDAQ:AEC) announced Tuesday it has completed the first 12 holes of its 20-hole confirmation drill program at the JD-7 uranium and vanadium mine in Montrose County, Colorado. For detailed analysis of mining companies and their exploration results, InvestingPro offers comprehensive metrics and expert insights on resource sector developments.
The drilling program, which began on September 15, has yielded significant uranium mineralization in 10 of the 12 completed holes, according to the company’s press release. Notable intercepts include 17 feet grading 0.519% eU3O8 in hole JD7-25-004B, 19 feet grading 0.238% eU3O8 in hole JD7-25-005, and 17 feet grading 0.162% eU3O8 in hole JD7-25-012.
The 8,000-foot program consists primarily of air rotary drilling with some split barrel core drilling conducted by Tri-Park Drilling. Seven of the completed holes showed Grade Thickness values over 0.5, which the company describes as high-potential zones.
Core samples from the program will be analyzed by Pace Analytical of Sheridan, Wyoming and Hazen Research of Golden, Colorado to determine uranium and vanadium content, validate gamma ray logging results, and refine resource estimates.
"We are very pleased with the interim drill results as they both underscore the potential for resource confirmation at JD-7," said Corey Dias, Anfield’s CEO, in the statement. Investors seeking deeper insights into exploration companies can access detailed financial analysis and peer comparisons through InvestingPro’s advanced screening tools and exclusive ProTips.
The company aims to collect geologic information, confirm existing pit resources, verify underground uranium and vanadium resources, and explore potential resource expansion. The program is part of Anfield’s strategy to advance projects toward production within its hub-and-spoke model centered around the Shootaring Canyon Mill in Utah. Track mining sector developments and discover investment opportunities with InvestingPro’s specialized portfolio ideas and real-time alerts.
Anfield expects to complete the remaining eight holes in the coming weeks, with full results to follow.
In other recent news, Anfield Energy has appointed former U.S. Representative Jeff Duncan to its board of directors. Duncan, who served South Carolina’s 3rd District until his retirement in 2024, brings a wealth of experience in energy policy to the company. His congressional experience includes serving on key committees such as Energy and Commerce, Natural Resources, Homeland Security, and Foreign Affairs. This strategic appointment is part of Anfield Energy’s efforts to strengthen its leadership team with expertise in energy policy. These developments are expected to enhance the company’s strategic direction in uranium and vanadium development. The addition of Duncan to the board underscores Anfield Energy’s commitment to bolstering its governance with seasoned professionals. This move is seen as a positive step for the company as it navigates the complexities of the energy sector.
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