Anfield Nickel Corp.
TSX VENTURE : ANF

Anfield Nickel Corp.

April 07, 2011 08:31 ET

Anfield Intersects 22.1 Meters Grading 2.52% Nickel, Including 11.4 Meters Grading 3.03% Nickel at Its Mayaniquel Project, Guatemala

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 7, 2011) - Anfield Nickel Corp. (TSX VENTURE:ANF) ("Anfield") is pleased to announce new drilling results from its 100% owned Mayaniquel nickel project located in eastern Guatemala. The latest results are highlighted by results from the Tres Juanes Norte deposit that include hole TJN11-243 that intersected 22.1 meters grading 2.52% nickel, including 11.4 meters grading 3.03% nickel and hole TJN11-239 that intersected 13.8 meters grading 1.78% nickel including 10.6 meters grading 1.96% nickel.

Nickel mineralization at Tres Juanes Norte has now been delineated on all accessible land and the planned drilling program has been completed. Two distinct zones (North and South) of higher grade nickel mineralization have been defined. While nickel laterite mineralization has been mapped on land separating the two zones (see attached map), Anfield has not received approval from the surface rights owner to access the area to drill the laterite formation.

The drill program is now focused on extending the known mineral resources at Sechol - Segundo to the west and northwest and upgrading existing resources at Sechol - Inicio from the Inferred to Indicated category. Significant results from Sechol – Segundo include holes SSG11-012 that intersected 13.6 meters averaging 1.60% nickel including 5 meters averaging 2.19% nickel and SSG11-025 that intersected 9 meters grading 1.66% nickel including 2.9 meters averaging 2.57% nickel. The Sechol - Segundo zone has now been extended over an additional area measuring 1000 meters north to south by 600 meters east to west. Drill results from Sechol – Inicio include holes SIN11-300 that intersected 5.2 meters averaging 1.74% nickel and SIN11-307 that intersected 7.6 meters grading 1.73% nickel, including 2.5 meters averaging 2.25% nickel. Additional exploration drilling is also occurring at Tres Juanes Rio to identify new resource targets.

Five drill rigs are operating at Mayaniquel and 254 holes totaling 5,080 meters have been drilled to date in 2011.

Significant intercepts from the remaining drilling at Tres Juanes Norte as well as new results from Sechol – Segundo and Sechol - Inicio are shown in the table below. Maps showing the location of drill holes are attached to this news release. Holes at Tres Juanes Norte and Sechol – Inicio are drilled on a 70 meter by 70 meter grid pattern for definition of Indicated category resources while drilling at Sechol – Segundo has been completed at 100 meter by 100 meter spacing for identification of Inferred category resources.

Drill Hole From (m ) To (m ) Length (m ) Ni (% ) Comments
Tres Juanes Norte         
TJN11-226 1.70   2.80   1.10   1.06   North Central Area
TJN11-227 5.70   11.60   5.90   1.12   North Central Area
including 6.30   7.30   1.00   1.51    
TJN11-228 1.80   6.90   5.10   1.09   North Central Area
TJN11-229 1.00   2.20   1.20   0.93   North Central Area
TJN11-231 2.30   5.00   2.70   1.07   North Central Area
TJN11-232 0.00   2.30   2.30   1.32   North Central Area
and 4.30   11.20   6.90   1.32    
including 4.30   7.30   3.00   1.58    
TJN11-233 0.00   3.60   3.60   1.30   North Central Area
and 6.90   14.50   7.60   1.30    
including 10.90   14.50   3.60   1.52    
TJN11-235 1.00   6.30   5.30   1.25   North Central Area
including 2.60   4.30   1.70   1.67    
TJN11-236 1.00   7.20   6.20   0.97   North Central Area
TJN11-238 2.20   5.30   3.10   0.93   North Central Area
TJN11-239 1.50   15.30   13.80   1.78   North Central Area
including 3.80   14.40   10.60   1.96    
including 3.80   8.60   4.80   2.25    
TJN11-240 0.00   3.30   3.30   0.95   North Central Area
TJN11-241 1.80   3.30   1.50   1.23   North Central Area
TJN11-242 0.00   6.70   6.70   1.09   North Central Area
and 13.30   17.80   4.50   1.25    
TJN11-243 4.00   26.10   22.10   2.52   North Central Area
including 7.20   18.60   11.40   3.03    
TJN11-244 4.10   18.00   13.90   1.38   North Central Area
including 5.20   8.10   2.90   1.78    
including 10.10   11.10   1.00   1.60    
including 13.40   14.40   1.00   1.64    
TJN11-245 1.70   12.20   10.50   1.42   North Central Area
including 3.30   7.00   3.70   1.69    
including 10.20   11.30   1.10   1.71    
TJN11-246 6.60   9.90   3.30   1.46   North Central Area
including 7.60   9.90   2.30   1.72    
TJN11-247 1.50   4.50   3.00   0.95   North Central Area
TJN11-248 3.30   15.40   12.10   1.66   North Central Area
including 3.30   4.30   1.00   2.04    
including 8.30   9.80   1.50   1.62    
including 11.80   15.40   3.60   2.03    
TJN11-249 0.00   3.40   3.40   1.01   North Central Area
and 5.50   11.40   5.90   1.18    
TJN11-250 0.08   2.00   1.20   0.87   North Central Area
TJN11-251 8.60   18.00   9.40   1.41   North Central Area
including 9.80   13.80   4.00   1.62    
TJN11-252 2.00   9.30   7.30   1.77   North Central Area
including 2.00   5.80   3.80   2.39    
TJN11-253 1.20   4.30   3.10   0.93   North Central Area
TJN11-254 2.80   7.20   4.40   0.89   North Central Area
TJN11-256 2.80   4.30   1.50   1.37   North Central Area
TJN11-258 12.30   26.30   14.00   1.66   North Central Area
including 15.10   20.30   5.20   2.06    
and 28.00   32.60   4.60   1.00    
TJN11-259 3.30   5.80   2.50   1.35   North Central Area
including 3.80   4.80   1.00   1.53    
TJN11-261 6.80   15.50   8.70   1.40   North Central Area
including 9.30   14.80   5.50   1.61    
TJN11-262 3.00   9.70   6.70   1.04   North Central Area
TJN11-264 1.20   6.00   4.80   1.29   North Central Area
including 3.40   5.00   1.60   1.74    
TJN11-267 0.00   3.30   3.30   1.27   North Central Area
TJN11-268 1.50   3.40   1.90   1.95   North Central Area
TJN11-269 1.30   12.80   11.50   0.97   North Central Area
and 23.10   27.80   4.70   1.10    
TJN11-270 1.00   16.80   15.80   1.76   North Central Area
including 6.30   8.50   2.20   2.58    
TJN11-272 2.40   13.30   10.90   1.13   North Central Area
including 4.80   6.00   1.20   1.74    
TJN11-273 0.00   5.00   5.00   0.93   North Central Area
TJN11-274 0.00   9.30   9.30   1.13   North Central Area
TJN11-275 1.70   2.70   1.00   1.27   North Central Area
TJN11-276 8.20   13.40   5.20   1.79   North Central Area
and 16.20   18.60   2.40   1.13    
TJN11-278 6.95   7.95   1.00   0.88   North Central Area
and 14.30   24.50   10.20   1.65    
TJN11-279 0.90   3.60   2.70   1.43   North Central Area
TJN11-281 2.90   7.60   4.70   1.07   North Central Area
TJN11-282 3.60   10.20   6.60   1.11   North Central Area
TJN11-283 1.90   4.30   2.40   1.10   North Central Area
TJN11-285 1.90   3.90   2.00   0.83   North Central Area
TJN11-286 20.00   22.00   2.00   0.88   North Central Area
Sechol - Segundo         
SSG11-001 2.80   9.80   7.00   1.48   Expansion Drilling
including 6.00   9.00   3.00   2.09    
SSG11-004 2.30   6.80   4.50   0.95   Expansion Drilling
SSG11-005 0.00   1.20   1.20   0.91   Expansion Drilling
and 4.10   7.80   3.70   1.97    
SSG11-008 0.00   1.40   1.40   0.89   Expansion Drilling
SSG11-010 4.90   20.20   15.30   1.32   Expansion Drilling
including 12.50   16.80   4.30   1.73    
SSG11-011 1.50   12.30   10.80   0.93   Expansion Drilling
SSG11-012 6.50   20.10   13.60   1.60   Expansion Drilling
including 11.60   16.60   5.00   2.19    
SSG11-013 5.40   9.30   3.70   0.95   Expansion Drilling
SSG11-015 1.80   3.90   2.10   1.00   Expansion Drilling
SSG11-016 0.00   13.00   13.00   1.48   Expansion Drilling
including 5.10   9.80   4.70   1.87    
SSG11-017 4.80   22.30   17.50   1.16   Expansion Drilling
including 11.20   14.30   3.10   1.88    
SSG11-018 3.30   13.00   9.70   1.12   Expansion Drilling
SSG11-019 2.90   8.80   5.90   1.53   Expansion Drilling
SSG11-020 1.90   8.70   6.80   1.36   Expansion Drilling
SSG11-021 0.00   4.00   4.00   1.42   Expansion Drilling
SSG11-022 6.80   16.40   9.60   1.12   Expansion Drilling
SSG11-023 7.90   15.10   7.20   1.66   Expansion Drilling
including 9.60   12.60   3.00   2.20    
SSG11-024 2.80   7.30   4.50   1.24   Expansion Drilling
SSG11-025 2.30   11.30   9.00   1.66   Expansion Drilling
including 6.40   9.30   2.90   2.57    
SSG11-026 1.20   10.30   9.10   1.24   Expansion Drilling
and 13.10   17.80   4.70   1.68    
SSG11-027 6.30   7.80   1.50   1.35   Expansion Drilling
SSG11-028 2.20   3.40   1.20   0.84    
SSG11-029 1.70   5.70   4.00   1.08   Expansion Drilling
SSG11-030 1.00   9.70   8.70   1.58   Expansion Drilling
including 3.60   7.20   3.60   1.94    
SSG11-031 0.80   4.80   4.00   1.84   Expansion Drilling
SSG11-032 2.80   13.80   11.00   1.25   Expansion Drilling
including 4.80   6.80   2.00   1.82    
SSG11-033 0.00   1.80   1.80   0.84   Expansion Drilling
SSG11-034 3.50   10.30   6.80   1.06   Expansion Drilling
Sechol - Inicio         
SIN11-299 2.00   15.30   13.30   1.48   Infill for Indicated
SIN11-300 0.00   5.20   5.20   1.74   Infill for Indicated
SIN11-301 0.90   4.80   3.90   1.62   Infill for Indicated
SIN11-302 0.50   8.00   7.50   1.46   Infill for Indicated
including 3.30   6.80   3.50   1.83    
SIN11-303 0.00   2.80   2.80   0.93   Infill for Indicated
SIN11-304 1.20   4.80   3.60   1.63   Infill for Indicated
SIN11-306 2.30   3.30   1.00   1.46   Infill for Indicated
and 5.70   7.80   2.10   1.16    
SIN11-307 1.80   9.40   7.60   1.73   Infill for Indicated
including 3.50   6.00   2.50   2.25    
SIN11-308 0.00   6.70   6.70   1.14   Infill for Indicated
SIN11-309 0.00   9.50   9.50   1.32   Infill for Indicated
including 1.20   4.80   3.60   1.79    

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 54,000 hectares in the nickel laterite belt surrounding Lake Izabal, 120 kilometers northeast of Guatemala City. The bulk of 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. This mineral resource estimate does not incorporate or reflect the drilling results described above, and 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 verified the foregoing data and 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.

ANFIELD NICKEL CORP.    

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.

To view maps of the Tres Juanes Norte, Segundo and Inicio Targets, please visit the following link: http://media3.marketwire.com/docs/anfi407.pdf.

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)