Anfield Nickel Corp.
TSX VENTURE : ANF

Anfield Nickel Corp.

January 13, 2011 08:31 ET

Anfield Discovers Additional Nickel Laterite Deposit and Continues Upgrading Existing Resources at Its Mayaniquel Project, Guatemala

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 13, 2011) - Anfield Nickel Corp. (TSX VENTURE:ANF) ("Anfield") is pleased to announce another nickel laterite deposit, Tres Juanes Rio, has been discovered at its 100% owned Mayaniquel nickel project located in eastern Guatemala. The discovery is highlighted by holes TJR10-002 that intersected 15.8 meters grading 2.02% nickel, and TJR10-005 that intersected 34.5 meters averaging 1.40% nickel including 20.0 meters grading 1.75% nickel.

Drilling at the Tres Juanes group of targets has revealed significant high-grade mineralization at each laterite occurrences drilled to date (Tres Juanes Norte, Sur and Rio). Outstanding assay results continue to be received from Tres Juanes Sur including TJS10-026 that intersected 19.4 meters grading 1.62% nickel including 7.5 meters grading 2.07% nickel, and TJS10-028 that intersected a total of 34.4 meters of nickel mineralization in two zones (17.2 meters grading 1.33% nickel including 4.3 meters averaging 2.22% nickel and 17.2 meters averaging 1.54% nickel including 7.3 meters grading 1.93% nickel).

Sechol - Inicio in-fill drilling continues to upgrade existing mineral resources from the Inferred to Indicated category, and to support on-going metallurgical and engineering studies. Significant recent results include holes SIN10-217, SIN10-274, and SIN10-287. SIN10-217 intersected 13.0 meters averaging 1.97% nickel including 10.30 meters averaging 2.20% nickel; SIN10-274 contained 20.80 meters averaging 2.07% nickel including 8.7 meters grading 3.13% nickel, and SIN10-287 intersected 10.80 meters averaging 1.72% nickel including 6.6 meters grading 2.23% nickel.

Drilling at the Chiis deposit has been completed and the mineral resource has been fully delineated. Nickel mineralization has now been defined over an area of approximately 1.7 kilometers by 1.5 kilometers. The holes reported in this news release relate to the drilling completed to define the southern boundary of the deposit and remaining in-fill holes. Of special note are holes NCC10-422 and NCC10-424 that intersected 14.6 meters averaging 1.83% nickel and 36.3 meters grading 1.34% nickel including 6.8 meters of 1.94% nickel respectively.

The 8 rig drill program paused in mid-December for the holiday season and is currently being re- started targeting laterite occurrences in the Tres Juanes area. Anfield's 2010 drill program totaled 32,783 meters in 1,574 holes at nine targets areas. Several additional un-tested laterite occurrences remain to be drilled in 2011.

This news release includes drill results from holes TRS10-015 to TJS10-035 at Tres Juanes Sur, TJR10-001 to TJR10-051 at Tres Juanes Rio, SIN10-170 to SIN10-288 at Sechol – Inicio, and NCC10-382 to NCC10-425 at Chiis. 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 (holes are drilled on a 100 meter by 100 meter grid pattern sufficient for calculation of Inferred Resources, except at Sechol-Inicio and the Chiis deposit where drilling is on nominal 70 meter centers for definition of Indicated Resources):

Drill Hole From (m) To (m) Length (m) Ni (%) Comments
Tres Juanes Sur          
TJS10-015 4.80 27.80 23.00 1.42 November Discovery
including 21.30 26.60 5.30 2.20  
and 31.40 37.80 6.40 1.26  
including 33.80 35.00 1.20 1.78  
TJS10-016 0.50 7.80 7.30 1.11 November Discovery
TJS10-017 1.00 18.10 17.10 1.44 November Discovery
including 7.00 9.40 2.40 1.98  
including 11.60 15.10 3.50 1.91  
TJS10-018 2.20 17.00 14.80 1.39 November Discovery
including 8.50 13.30 4.80 1.78  
TJS10-019 0.50 6.30 5.80 1.24 November Discovery
TJS10-020 0.50 7.80 7.30 1.79 November Discovery
TJS10-021 0.00 10.80 10.80 1.56 November Discovery
including 0.50 5.30 4.80 2.01  
TJS10-022 0.00 8.70 8.70 1.86 November Discovery
including 3.30 8.70 5.40 2.05  
TJS10-023 1.00 26.10 25.10 1.37 November Discovery
including 10.50 15.00 4.50 1.73  
including 22.50 26.10 3.60 1.58  
TJS10-024 1.00 9.30 8.30 1.51 November Discovery
including 6.30 9.30 3.00 2.06  
TJS10-025 0.60 8.00 7.40 1.54 November Discovery
including 4.00 7.00 3.00 1.99  
TJS10-026 2.20 21.60 19.40 1.62 November Discovery
including 14.10 21.60 7.50 2.07  
TJS10-027 2.20 17.10 14.90 1.45 November Discovery
including 12.30 17.10 4.80 1.98  
TJS10-028 0.60 17.80 17.20 1.33 November Discovery
including 8.00 12.30 4.30 2.22  
and 20.50 37.70 17.20 1.54  
including 20.50 27.80 7.30 1.93  
TJS10-029 2.10 12.30 10.20 1.21 November Discovery
TJS10-030 1.30 13.30 12.00 1.17 November Discovery
TJS10-031 1.50 10.80 9.30 1.21 November Discovery
including 6.20 7.80 1.60 2.01  
TJS10-032 2.60 16.80 14.20 1.34 November Discovery
including 11.30 16.80 5.50 1.79  
and 21.30 24.30 3.00 0.90  
TJS10-033 1.80 14.30 12.50 1.26 November Discovery
including 13.00 14.30 1.30 1.71  
TJS10-034 8.80 30.30 21.50 1.43 November Discovery
including 24.80 29.30 4.50 1.96  
TJS10-035 0.60 4.80 4.20 1.74 November Discovery
Tres Juanes Rio          
TJR10-001 8.50 29.60 21.10 1.42 New Discovery
including 24.20 28.10 3.90 2.34  
TJR10-002 7.00 9.40 2.40 0.83 New Discovery
and 11.80 40.70 28.90 1.19  
and 43.00 58.80 15.80 2.02  
TJR10-003 2.10 8.10 6.00 0.83 New Discovery
and 11.80 29.90 18.10 1.21  
including 21.30 26.30 5.00 1.53  
and 33.30 36.00 2.70 1.06  
TJR10-004 1.00 5.80 4.80 0.82 New Discovery
and 7.50 8.50 1.00 0.80  
and 10.20 11.40 1.20 0.80  
and 17.80 30.30 12.50 1.26  
including 21.10 23.00 1.90 1.68  
including 27.70 28.80 1.10 1.52  
and 35.30 36.30 1.00 0.80  
and 39.30 41.80 2.50 0.87  
TJR10-005 1.80 36.30 34.50 1.40 New Discovery
including 13.80 33.80 20.00 1.75  
TJR10-007 8.30 16.60 8.30 1.03 New Discovery
TJR10-008 3.30 14.30 11.00 1.03 New Discovery
TJR10-009 0.00 12.80 12.80 1.06 New Discovery
TJR10-010 3.00 6.00 3.00 0.95 New Discovery
and 9.00 16.20 7.20 0.95  
TJR10-011 0.00 7.20 7.20 1.66 New Discovery
TJR10-012 0.00 1.00 1.00 0.84 New Discovery
TJR10-013 7.00 20.60 13.60 1.38 New Discovery
including 11.60 16.80 5.20 1.69  
TJR10-014 0.80 14.60 13.80 1.30 New Discovery
including 12.00 13.40 1.40 2.13  
TJR10-016 4.00 25.00 21.00 1.12 New Discovery
TJR10-018 2.20 10.80 8.60 1.07 New Discovery
including 7.30 8.30 1.00 1.56  
TJR10-019 3.50 18.30 14.80 1.23 New Discovery
including 16.30 18.30 2.00 1.52  
TJR10-020 0.00 5.50 5.50 1.03 New Discovery
TJR10-021 1.80 20.00 18.20 1.13 New Discovery
and 22.80 25.80 3.00 1.01  
TJR10-022 0.00 19.80 19.80 1.19 New Discovery
including 16.30 17.60 1.30 1.60  
and 22.50 24.30 1.80 0.98  
and 31.00 37.80 6.80 1.30  
including 34.80 35.80 1.00 1.69  
TJR10-023 5.20 7.00 1.80 1.16 New Discovery
TJR10-024 7.00 17.50 10.50 1.10 New Discovery
including 9.50 10.80 1.30 1.71  
TJR10-025 2.00 6.30 4.30 1.34 New Discovery
including 3.70 4.80 1.10 1.58  
and 16.30 17.80 1.50 0.89  
TJR10-026 2.80 9.60 6.80 1.13 New Discovery
TJR10-027 1.80 4.00 2.20 1.02 New Discovery
TJR10-028 4.60 18.80 14.20 1.09 New Discovery
TJR10-029 1.00 6.00 5.00 0.95 New Discovery
TJR10-030 5.10 9.50 4.40 1.06 New Discovery
and 12.30 13.30 1.00 1.31  
TJR10-031 2.00 5.00 3.00 0.84 New Discovery
TJR10-033 1.00 7.30 6.30 1.02 New Discovery
TJR10-035 0.60 1.80 1.20 1.05 New Discovery
TJR10-038 0.00 1.00 1.00 0.83 New Discovery
and 5.00 11.90 6.90 1.16  
TJR10-039 0.00 6.30 6.30 1.04 New Discovery
TJR10-040 0.60 1.80 1.20 1.11 New Discovery
and 3.90 7.30 3.40 0.82  
TJR10-041 3.00 8.30 5.30 0.86 New Discovery
TJR10-043 1.30 5.30 4.00 0.98 New Discovery
TJR10-044 0.00 1.40 1.40 1.15 New Discovery
TJR10-045 2.00 6.80 4.80 1.20 New Discovery
TJR10-047 1.90 3.80 1.90 1.02 New Discovery
TJR10-048 0.00 1.00 1.00 1.17 New Discovery
TJR10-049 1.20 5.60 4.40 0.90 New Discovery
TJR10-051 1.20 4.30 3.10 0.95 New Discovery
Sechol - Inicio          
SIN10-170 0.00 4.70 4.70 1.58 In-Fill Inicio
SIN10-171 0.00 1.20 1.20 0.82 In-Fill Inicio
SIN10-172 0.00 1.20 1.20 0.82 In-Fill Inicio
SIN10-173 0.00 2.50 2.50 1.16 In-Fill Inicio
SIN10-182 1.20 8.80 7.60 1.59 Step-Out Inicio
including 3.80 7.80 4.00 2.07  
SIN10-185 5.50 12.30 6.80 1.47 Step-Out Inicio
including 6.50 8.80 2.30 1.86  
SIN10-192 6.80 13.80 7.00 1.26 Step-Out Inicio
SIN10-197 0.00 1.20 1.20 0.80 In-Fill Inicio
SIN10-217 0.00 13.00 13.00 1.97 In-Fill Inicio
including 0.00 10.30 10.30 2.20  
SIN10-221 0.00 9.30 9.30 1.38 In-Fill Inicio
including 0.00 3.60 3.60 2.06  
SIN10-222 2.40 8.40 6.00 1.04  
SIN10-223 0.00 14.50 14.50 1.69 In-Fill Inicio
including 4.90 13.50 8.60 2.18  
SIN10-226 0.00 5.70 5.70 1.63 In-Fill Inicio
SIN10-230 0.00 5.80 5.80 1.46 In-Fill Inicio
including 0.00 2.50 2.50 1.88  
SIN10-231 3.00 4.00 1.00 0.87  
SIN10-232 6.30 8.40 2.10 1.52  
SIN10-233 0.00 12.90 12.90 1.96 In-Fill Inicio
SIN10-236 0.00 3.30 3.30 1.44 In-Fill Inicio
SIN10-242 0.00 4.30 4.30 1.10 In-Fill Inicio
SIN10-245 0.00 3.70 3.70 1.46 In-Fill Inicio
SIN10-252 0.00 1.80 1.80 1.24 In-Fill Inicio
SIN10-254 0.00 1.60 1.60 0.84 In-Fill Inicio
SIN10-255 0.70 1.90 1.20 0.91 In-Fill Inicio
SIN10-258 0.00 12.30 12.30 2.01 In-Fill Inicio
SIN10-261 1.20 2.70 1.50 1.70 In-Fill Inicio
SIN10-264 7.80 11.80 4.00 1.44 In-Fill Inicio
including 7.80 9.70 1.90 1.71  
SIN10-267 1.00 2.30 1.30 1.52 In-Fill Inicio
SIN10-269 8.80 11.30 2.50 1.29 In-Fill Inicio
SIN10-270 0.00 1.90 1.90 0.97 In-Fill Inicio
SIN10-271 1.00 13.20 12.20 1.48 In-Fill Inicio
including 3.80 4.80 1.00 2.29  
including 6.80 9.80 3.00 1.86  
SIN10-274 0.50 21.30 20.80 2.07 In-Fill Inicio
including 5.80 18.30 12.50 2.87  
or 8.10 16.80 8.70 3.13  
SIN10-275 0.00 3.30 3.30 1.21 In-Fill Inicio
including 0.50 1.80 1.30 1.65  
SIN10-277 0.00 6.00 6.00 1.43 In-Fill Inicio
including 0.00 3.00 3.00 1.81  
SIN10-278 1.30 4.30 3.00 1.07 In-Fill Inicio
SIN10-280 0.50 3.30 2.80 1.55 In-Fill Inicio
including 1.30 3.30 2.00 1.83  
SIN10-283 1.50 7.30 5.80 1.27 In-Fill Inicio
including 3.70 5.50 1.80 1.88  
SIN10-285 0.00 4.20 4.20 1.28 In-Fill Inicio
including 0.90 2.60 1.70 1.61  
SIN10-286 0.00 7.50 7.50 1.53 In-Fill Inicio
including 3.40 6.80 3.40 2.07  
SIN10-287 0.00 10.80 10.80 1.72 In-Fill Inicio
including 1.20 7.80 6.60 2.23  
SIN10-288 0.00 1.80 1.80 1.51 In-Fill Inicio
Chiis          
NCC10-382 0.00 1.40 1.40 0.90 Southern Boundary
NCC10-384 1.30 2.30 1.00 0.96 Southern Boundary
NCC10-385 1.60 2.60 1.00 0.81 Southern Boundary
NCC10-386 4.50 8.30 3.80 1.09 Southern Boundary
NCC10-387 0.60 5.30 4.70 1.47 Southern Boundary
including 2.50 5.30 2.80 1.74  
NCC10-389 1.20 2.60 1.40 1.25 Southern Boundary
NCC10-390 2.30 10.80 8.50 1.19 Southern Boundary
including 5.40 9.30 3.90 1.43  
NCC10-391 1.40 2.60 1.20 1.13 Southern Boundary
NCC10-392 2.30 3.90 1.60 1.08 Southern Boundary
NCC10-393 1.40 4.80 3.40 1.26 In-Fill
including 3.80 4.80 1.00 1.62  
and 6.80 7.80 1.00 1.09  
NCC10-394 1.60 8.30 6.70 0.96 In-Fill
NCC10-395 3.90 14.30 10.40 1.08 In-Fill
including 11.50 13.30 1.80 1.56  
NCC10-398 11.00 17.00 6.00 1.30 In-Fill
including 14.60 15.80 1.20 1.69  
NCC10-399 2.20 13.30 11.10 1.16 In-Fill
NCC10-400 2.20 6.40 4.20 1.09 In-Fill
and 13.40 16.80 3.40 0.98  
and 19.80 21.80 2.00 1.05  
NCC10-401 0.00 9.60 9.60 1.01 In-Fill
and 11.30 15.30 4.00 1.14  
NCC10-402 8.50 19.30 10.80 1.22 In-Fill
including 13.00 15.60 2.60 1.62  
NCC10-403 18.80 46.80 28.00 1.20 In-Fill
and 54.30 56.30 2.00 0.96  
NCC10-404 8.00 19.80 11.80 1.09 In-Fill
NCC10-405 3.00 11.60 8.60 0.92 In-Fill
NCC10-406 2.00 12.30 10.30 1.01 In-Fill
NCC10-407 2.30 14.50 12.20 1.11 In-Fill
and 18.30 22.30 4.00 1.10  
NCC10-408 1.00 3.30 2.30 0.98 In-Fill
NCC10-409 0.50 3.00 2.50 1.07 In-Fill
NCC10-410 4.30 33.30 29.00 1.33 In-Fill
including 16.30 20.30 4.00 1.56  
including 23.30 27.30 4.00 1.67  
NCC10-411 7.00 11.30 4.30 1.35 In-Fill
including 7.80 8.80 1.00 1.51  
including 9.30 10.30 1.00 1.68  
NCC10-412 2.80 18.50 15.70 1.11 In-Fill
including 11.30 12.30 1.00 1.64  
and 26.30 28.30 2.00 1.53  
NCC10-413 5.30 7.00 1.70 0.93 In-Fill
and 8.80 10.90 2.10 1.04  
NCC10-414 1.80 7.30 5.50 1.11 In-Fill
NCC10-415 1.70 3.70 2.00 1.02 In-Fill
and 6.30 11.30 5.00 1.26  
NCC10-416 0.00 2.00 2.00 0.92 In-Fill
NCC10-417 0.60 5.70 5.10 0.90 In-Fill
NCC10-418 3.60 7.00 3.40 0.98 In-Fill
NCC10-419 2.80 4.60 1.80 1.03 In-Fill
NCC10-420 1.80 7.80 6.00 0.96 In-Fill
NCC10-421 1.80 2.80 1.00 0.84 In-Fill
NCC10-422 8.60 10.80 2.20 0.95 In-Fill
and 12.80 27.40 14.60 1.83  
and 29.00 33.50 4.50 1.29  
and 37.00 40.00 3.00 1.16  
NCC10-423 4.80 7.60 2.80 0.90 In-Fill
and 17.80 38.30 21.00 1.19  
including 22.80 24.80 2.00 1.53  
including 27.30 31.30 4.00 1.73  
NCC10-424 5.00 41.30 36.30 1.34 In-Fill
including 23.60 30.40 6.80 1.94  
NCC10-425 4.30 22.60 18.30 1.09 In-Fill

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.

The Mayaniquel project comprises mineral exploration licenses totaling approximately 60,000 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 September 20, 2010, Anfield announced that it had received an interim, independent NI 43-101 compliant mineral resource estimate for the Mayaniquel project. The mineral resource estimate is shown in the table below:

  Dry Metric Tonnes Nickel Grade Contained Nickel
1% Ni cutoff grade (million) (%) (million pounds)
Indicated Resource Category
Transition & Saprolite 12.1 1.57 416.4
Limonite 7.0 1.14 177.1
Inferred Resource Category
Transition & Saprolite 49.6 1.37 1,494.1
Limonite 13.1 1.11 319.6
Mineral resources do not have demonstrated economic viability.  

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 with sample preparation completed at a facility at Anfield's exploration compound. Samples are prepared in accordance with ALS Chemex's standards with pulps subsequently shipped to their laboratory in Vancouver, Canada for X-Ray Fluorescence Spectroscopy (XRF) analysis, the common analytical technique used in nickel laterite exploration. Quality from the on-site sample preparation lab is monitored by an independent, rigorous QA/QC program. Anfield also 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.

To view accompanying maps, click on the following link: http://media3.marketwire.com/docs/AnfieldMaps.pdf

ANFIELD NICKEL CORP.
 
Signed: "David Strang"
David Strang 

CAUTION REGARDING FORWARD LOOKING STATEMENTS: This news release may contain "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: 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 as plans continue to be refined, 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)