Slick Rock Project Receives Final Drill Permit Application Approvals

VANCOUVER - Anfield Energy Inc. has received final approvals for its drill permit application to commence a 20-hole, 20,000-foot rotary drill program at its Slick Rock uranium and vanadium project, located in San Miguel County, Colorado. Permits approvals included the Bureau of Land Management, the Colorado Division of Resources Mining and Safety, and a Special Use Permit from San Miguel County, Colorado to allow access via county roads for the drilling project. The permits allow drilling between the months of June and September. Anfield will use local contractors to complete the drilling.

Anfield expects to commence the drill program in the third quarter of 2024. This is a crucial step in Anfield’s plan to secure a large mine permit for Slick Rock as the Company looks towards future uranium and vanadium production.

Corey Dias, CEO, said, “We are very pleased to commence development at Slick Rock as this project is integral to our hub-and-spoke uranium and vanadium production strategy. The 20-hole drill program, which will start during the third quarter of 2024, will allow us to both verify and upgrade our known resource at site and meet the criteria to secure a large mine permit from the appropriate agency. Our aim is to have both the Slick Rock and Velvet-Wood mines ready for production ahead of the restart of the Shootaring Canyon mill, with initial feed ready for transport once the mill is ready to receive it.”

The drill program will be used to collect geological information related to uranium mineralization in the area. Activities include minor repairs to the access roads, preparation of drill sites, drilling with mud rotary drilling equipment, data collection and reclamation of drill sites. Three or four of the drill holes will be converted into groundwater monitoring and observation wells to establish baseline aquifer parameters.