Anfield Nickel Corp.
TSX VENTURE : ANF

Anfield Nickel Corp.

April 20, 2010 08:30 ET

Anfield Intersects 22.40 Meters Grading 1.80% Nickel Including 8.30 Meters Grading 2.54% Nickel at Its Mayaniquel Project, Guatemala

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 20, 2010) - Anfield Nickel Corp. (TSX VENTURE:ANF) ("Anfield") is pleased to announce additional results from its ongoing drill program at its 100% owned Mayaniquel nickel laterite project located in northeastern Guatemala. The current results include a new discovery in the northeastern portion of the Nueva Caledonia target area where hole NCA10-017, intercepted 22.40 meters grading 1.80% nickel including 8.30 meters averaging 2.54% nickel, and NCA10-22, drilled 200 meters to the north, that intercepted 11.50 meters grading 2.23% nickel including 6 meters grading 2.95% nickel, the highest grade interval intersected to date on the Mayaniquel project.

This news release encompasses drill results from holes NCA10-03 to NCA10-46 at Nueva Caledonia and NCO10-12 to NCO10-63 at Nueva Concepcion. Significant intercepts from the latest drilling results are shown in the table below. Maps showing the location of the drill holes are attached to this news release (drill holes are currently drilled on a 100 meter by 100 meter grid pattern):

  From To Length Ni    
Drill Hole  (m) (m) (m) (%)   Comment
Nueva Caledonia          
NCA10-03 2.70 22.20 19.50 1.62   Central Zone
including 2.70 10.00 7.30 2.27    
NCA10-05 6.70 20.80 14.10 1.66   Central Zone
including 7.50 15.10 7.60 2.16    
NCA10-06 3.70 6.30 2.60 1.01   NE Zone
NCA10-07 8.00 17.20 9.20 1.59   Central Zone
NCA10-09 2.20 9.60 7.40 1.51   Central Zone
NCA10-13 1.20 2.50 1.30 1.97   Central Zone
NCA10-14 1.80 6.10 4.30 1.18   NE Zone
NCA10-15 2.10 10.80 8.70 1.49   Central Zone
NCA10-16 4.80 10.70 5.90 1.51   Central Zone
NCA10-17 1.00 23.40 22.40 1.80   Discovery Hole - Caledonia NE Zone
including 13.20 21.50 8.30 2.54    
NCA10-18 1.00 11.00 10.00 1.47   Central Zone
NCA10-19 1.40 10.00 8.60 1.16   NE Zone
NCA10-22 1.60 13.10 11.50 2.23   Confirmed discovery of NE Zone
including 2.30 8.30 6.00 2.95    
NCA10-24 0.00 2.40 2.40 1.03   Central Zone
NCA10-25 1.70 13.00 11.30 1.34   NE Zone
including 6.30 11.00 4.70 1.71    
NCA10-26 4.10 10.30 6.20 1.33   Central Zone
NCA10-27 3.65 7.80 4.15 1.06   NE Zone
and 9.30 11.60 2.30 1.38    
and 13.00 18.20 5.20 1.27    
NCA10-28 0.00 2.30 2.30 1.01   Central Zone
NCA10-29 10.40 18.20 7.80 1.07   Central Zone
and 21.30 22.80 1.50 1.03    
NCA10-30 5.30 16.80 11.50 1.44   NE Zone
including 12.60 15.30 2.70 1.91    
NCA10-31 2.90 9.30 6.40 1.05   Central Zone
NCA10-32 13.20 24.70 11.50 1.49   Central Zone
including 17.10 22.90 5.80 1.73    
NCA10-34 1.65 6.70 5.00 1.30   Central Zone
NCA10-35 2.60 15.50 12.90 1.17   Central Zone
including 5.80 10.30 4.50 1.44    
NCA10-36 0.00 6.30 6.30 1.28   NE Zone
NCA10-37 2.90 6.70 3.80 0.90   Central Zone
NCA10-38 6.80 14.50 7.70 1.04   Central Zone
NCA10-41 1.30 3.95 2.70 1.24   Central Zone
NCA10-43 1.60 4.50 2.90 2.00   NE Zone
NCA10-44 1.60 11.50 9.90 1.76   NE Zone
NCA10-45 0.40 4.25 3.80 1.23   Central Zone
NCA10-46 4.80 14.40 9.60 1.40   NE Zone
Nueva Concepcion          
NCO10-16 2.00 4.50 2.50 1.30   Northern margin of mineralization
NCO10-17 5.30 11.20 5.90 1.36   Northeastern margin of mineralization
NCO10-20 3.70 7.40 3.70 1.17   Northern margin of mineralization
NCO10-24 2.40 6.85 4.50 1.31   Northern margin of mineralization
NCO10-25 3.80 9.80 6.00 1.00   Western margin of zone
and 11.20 17.50 6.30 1.35    
and 21.80 24.00 2.20 1.63    
NCO10-26 8.00 15.00 7.00 1.44   Northern margin of mineralization
NCO10-29 1.00 11.10 10.10 1.04   Western margin of zone
NCO10-31 1.40 11.50 10.10 1.22   Western margin of zone
NCO10-32 7.80 9.50 1.70 1.12   Northern margin of mineralization
NCO10-34 0.00 2.90 2.90 1.49   Western margin of zone
NCO10-48 2.50 4.30 1.80 0.94   Extreme Northern margin of mineralization
NCO10-52 4.30 10.60 6.30 1.36   East-Central margin of zone
including 6.30 9.90 3.60 1.63    
NCO10-53 2.70 4.20 1.50 0.97   Northwestern margin (?) of zone, not closed off.
NCO10-55 1.00 2.60 1.60 0.97   Northwestern margin (?) of zone.
NCO10-56 2.70 21.70 19.00 1.45   Probable trough of unknown trend in North-Central
            portion of zone.
including 10.80 19.90 9.10 1.80    
NCO10-57 4.90 7.20 2.30 1.04   Northwestern portion of zone.
and 9.00 12.30 3.30 1.03    
NCO10-58 4.50 7.70 3.20 1.61   Northwestern margin (?) of zone, not closed off.
NCO10-59 8.00 11.80 3.80 1.26   North-Central portion of zone.
NCO10-60 9.30 18.40 9.10 1.16   Northwestern portion of zone.
NCO10-61 2.60 7.55 4.90 1.04   North-Central portion of zone.
NCO10-62 0.00 1.80 1.80 1.13   Northwestern portion of zone.
NCO10-63 2.70 4.30 1.60 1.11   North-Central portion of zone.
These drill results do not differentiate limonite, transition or saprolite zone mineralization. A 0.8% Ni cutoff was used to determine mineralized sample intervals, with one internal sub-cutoff sample allowed per interval.

In addition to the new discovery at Nueva Caledonia, holes NCA10-03, 05, 07, 09 and the previously reported hole NCA10-02 have defined a 500 meter wide zone across the central area of Nueva Caledonia grading 1.62% nickel over an average thickness of 11.9 meters. This zone appears to be a trough-shaped, near-surface nickel saprolite occurrence bounded by outcropping or shallow bedrock intercepted in poorly mineralized holes NCA10-004, 10, and 11. Mineralization continues to the west of this bedrock "high" for another 400 meters defined by intersections in holes NCA10-13, 15, 16, and 18. This 400 meter wide zone grades 1.51% nickel over an average thickness of 6.5 meters. Overall these holes, all located along an east – west section, define a mineralized zone 900 meters wide grading 1.59% nickel over an average thickness of 9.5 meters. Drilling is currently focused on extending these zones to the north and south and evaluating the extent of laterite mineralization to the north of the discovery hole NCA10-017 (see map: http://media3.marketwire.com/docs/anf0420m.pdf).

Drill intercepts from Nueva Concepcion have defined a continuous zone of mineralization approximately 900 meters long in a north/south direction (NCO10-01 to NCO10-55) and 600 meters wide in an east/west direction (NCO10-55 to NCO10-56). Mineralization outside this zone appears to be discontinuous and thinning, although large exposures of laterite material lying to the west and northwest remain to be tested. Current drilling is focused on defining mineralization within the zone outlined above and on expanding the known mineralization at the neighbouring Chiis deposit (see map: http://media3.marketwire.com/docs/anf0420m.pdf).

Four drill rigs are operating at the Mayaniquel project, two each at Nueva Caledonia and Nueva Concepcion. To date, 145 holes totaling 2,862 meters have been drilled at Nueva Caledonia, 99 holes totaling 2,008 meters at Nueva Concepcion, and 24 holes totaling 684 meters at the Chiis deposit. A fifth rig has arrived and is scheduled to start drilling at Nueva Concepcion by the end of the week.

The Mayaniquel project comprises mineral exploration licenses totaling approximately 80,000 hectares in the nickel laterite belt surrounding Lake Izabal, 120 kilometers northeast of Guatemala City. Anfield's mineral exploration licenses lie adjacent to the "Fenix Project" owned by Compania Guatemalteca de Niquel S.A., a subsidiary of HudBay Minerals, Inc.

On April 9, 2009, an independent NI 43-101 mineral resource estimate was prepared on the Mayaniquel project as shown in the table below:

    Cutoff Grade 0.8% Ni       Cutoff Grade 1.0% Ni    
Deposit Transition(1) Saprolite(2) Total   Transition Saprolite Total  
  DMT(3) Ni% DMT Ni% DMT Ni% DMT Ni% DMT Ni% DMT Ni%
Indicated Resources                      
Sechol 5.01 1.29 13.31 1.46 18.32 1.41 3.97 1.40 11.23 1.57 15.20 1.53
Inferred Resources                      
Sechol 3.54 1.19 15.55 1.38 19.09 1.34 2.20 1.38 12.46 1.50 14.66 1.48
Chatala 2.17 0.97 3.89 0.99 6.06 0.98 0.54 1.24 1.36 1.18 1.90 1.20
Chiis(4) 1.26 1.19 2.04 1.35 3.30 1.29 1.15 1.22 1.52 1.50 2.67 1.38
El Tunico 0.01 0.92 2.89 1.15 2.90 1.15 0.00 0.00 1.66 1.34 1.66 1.34
Total 6.98 1.12 24.37 1.28 31.35 1.25 3.89 1.31 17.00 1.46 20.89 1.43
Mineral resources do not have demonstrated economic viability.
(1)The Transition zone is a mixed horizon of limonite and saprolite material and was defined using both geological logging data and chemical analysis.
(2)The Saprolite zone represents the lower part of the laterite profile below the Transition zone and was defined using both geological logging data and chemical analysis
(3)DMT – dry million tonnes.
(4)Chiis is a zone within Nueva Concepcion.

In January 2010, Anfield initiated a 44,000 meter drill program at the project. The program, currently planned to last 18 months, is focused on expanding current NI 43-101 mineral resources at the Sechol and Nueva Concepcion (Chiis) deposits and delineating new resources at the Nueva Caledonia, Tres Juanes and San Lucas target areas.

Andrew Carstensen, CPG, Vice President, Exploration for Anfield, is the Qualified Person as defined by NI 43-101 for the Mayaniquel Project and has reviewed and approved the contents of this news release. The quality assurance/quality control program is monitored by independent consultant Dr. Bruce M. Davis, FAusIMM. Logging and sampling are completed at Anfield's secure facility located at the project. Drill core is mechanically split on site and samples securely transported to Inspectorate America Corp.'s Guatemala City sample preparation facility and subsequently to ALS Chemex's laboratory in Vancouver, Canada for X-Ray Fluorescence Spectroscopy (XRF) analysis, the common analytical technique used in nickel laterite exploration.

Anfield inserts standards, blanks and duplicates selected on a random basis into the sample stream and sends 5% of the sample pulps to a check laboratory in Perth, Australia.

Signed: "David Strang"

CAUTION REGARDING FORWARD LOOKING STATEMENTS: This news release contains "forward-looking statements" within the meaning of the applicable Canadian securities legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "can", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Anfield Nickel Corp. to be materially different from those expressed or implied by such forward- looking statements, including but not limited to: exploration plans, risks related to the exploration and potential development of the Company's projects, risks related to international operations, the actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters, future prices of commodities, as well as those factors discussed in the sections relating to risk factors of our business filed in Anfield Nickel Corp.'s required securities filings on SEDAR. Although Anfield Nickel Corp. has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended.

There can be no assurance that any forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Anfield Nickel Corp. does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Anfield Nickel Corp.
    David Strang
    + 604 646-1899
    + 604 687-7041 (FAX)