VANCOUVER, BRITISH COLUMBIA / ACCESSWIRE / May 27, 2014 / Anfield Resources Inc. (TSX.V: ARY)(OTCQB: ANLDF) ("Anfield" or "the Company") today provides an update on its Purchase Agreement ("Agreement") with Blue Zen Memorial Parks, Inc. ("BZM"). The Agreement, which was announced in a press release on February 13, 2014, provides a mechanism for BZM to acquire a significant interest in Anfield's Binghampton/Copper Queen ("BCQ") copper project in Arizona.
Since the announcement of the Agreement, the parties have made significant progress into furthering the understanding of the project and its potential. During this time, BZM has performed a substantial amount of due diligence, having been given access to review all data, both historical and current, relating to the BCQ project. Moreover, representatives of BZM have also made two onsite visits to evaluate the physical property.
Subsequent to the Agreement, Anfield has acquired additional data (see news release dated May 20, 2014) relating to the BCQ project. As a result, the parties have agreed to extend the date the Agreement becomes operative to August 15th, 2014 to allow for additional time to perform on-the-ground development work to identify the first phase of resource delineation drilling. The new historical data, combined with the data to be acquired from new development work, will allow the Companies to produce a comprehensive, joint NI 43-101 Technical Report that fully incorporates both the historical data and the data that has been generated by Anfield since 2012.
Corey Dias, CEO of Anfield stated, "The recent data acquisition is a major development for the BCQ Project. The large volume of data necessitates a time extension for BZM to complete its due diligence. We look forward to working with BZM on both integrating the historic data with our recent data and commencing the upcoming drill program to define an NI 43-101 resource estimate. We continue to believe that the partnership will significantly contribute to project advancement, especially given that BZM's principal shareholder, Jiangsu TianDiLong Resource Technology Co. Ltd., is pursuing a vertical integration strategy in which copper production will feed directly to its copper smelter."
About Blue Zen
Blue Zen Memorial Parks Inc., a publicly traded corporation listed on the Canadian Securities Exchange (CSE:BZM) with a strategic focus to acquire and integrate select copper mining properties and related businesses within the Americas and internationally, in partnership with its principal shareholder Jiangsu Tiandilong Land Resource Technology Co. Ltd.
About Anfield Resources Inc.
Anfield is a publicly traded corporation listed on the TSX-Venture Exchange (ARY-V) and is engaged in mineral exploration, development and production in the United States and Chile. Its focus is on acquiring and developing an array of strategic mineral projects, which are summarized below:
-Anfield's uranium assets include mining claims and state leases in southeastern Utah, Colorado and Arizona totaling over 17,500 acres (7,082 hectares), targeting areas where past uranium mining or prospecting occurred within a potential shipping radius to the White Mesa Mill, the only operating conventional uranium mill in the US.
-The Binghampton Copper Queen (BCQ) project, located 17 miles (27 km) southeast of Prescott, Arizona, and within the Arizona VMS Belt, consists of 5,021 acres (2,032 hectares) of both patented and State land, with two past-producing mines on the property.
-The North Star Copper Project, located less than 50 miles (80 km) northwest of Tucson, consisting of 200 mining claims covering approximately 4,000 acres (1,619 hectares), targets relatively shallow oxide copper at the historic North Star site in the heart of copper country in southern Arizona.
The Aura Project, a nascent copper production operation in Atacama, Chile, is located 20 miles (32 km) east of Copiapo and consists of eight mining concessions totaling over 2,800 acres (1,133 hectares) in one of the foremost copper producing regions in the world.
On behalf of the Board of Directors
ANFIELD RESOURCES INC.
Corey Dias, Chief Executive Officer
Neither 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 release.
Anfield Resources Inc.
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SOURCE: Anfield Resources Inc.