Mayaniquel nickel project

Anfield Nickel Corporation announced that it has received an interim, independent, National Instrument 43-101 compliant mineral resource estimate that has significantly increased the size of its 100% owned Mayaniquel nickel project in northeastern Guatemala. At a 1% nickel cutoff grade, contained nickel in the Indicated resource category has increased by 16%, while contained nickel in the Inferred resource category has increased by 175%. The mineral resource estimate now includes limonite mineralization as the preliminary metallurgical test work completed to date shows that up to 30% of the processing plant’s feed material can comprise limonite mineralization. The Mayaniquel project comprises mineral exploration licenses totaling approximately 80,000 hectares in the nickel laterite belt surrounding Lake Izabal, 120km NE of Guatemala City. Anfield’s mineral exploration licenses lie adjacent to the Fenix Project owned by Compania Guatemalteca de Niquel SA, a subsidiary of HudBay Minerals Inc. In January 2010, Anfield initiated a 44,000 meter drill program at the project. The program is focused on expanding 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. Eight drilling crews operating 8 drill rigs are active on the Mayaniquel project; four crews at Tres Juanes, three at Chiis and one at Sechol. Based upon the current rate, the planned drill program is expected to be completed towards the end of the first quarter in 2011.

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