Anfield Is Granted the Sechol Exploitation License for the Mayaniquel Nickel Project, Guatemala
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jul 9, 2013) - Anfield Nickel Corp. (TSX VENTURE:ANF) ("Anfield" or the "Company") is pleased to announce that the Guatemalan government has granted Anfield's wholly-owned Guatemalan subsidiary, Mayaniquel S.A., an exploitation license for the Sechol area of its 100% owned Mayaniquel nickel laterite project in eastern Guatemala.
The exploitation license grants the Company the right to mine all of the nickel and iron mineralization contained within the exploitation licence area. The license has an initial term of 25 years with an option for the Company to extend the license for another 25-year period at the end of the first term.
The permitting process for the Sechol exploitation license was managed by the Guatemalan Ministry of Energy and Mines and involved an in-depth and rigorous review from several different Guatemalan governmental agencies over a period of two years.
CAUTION REGARDING FORWARD-LOOKING INFORMATION: Information and statements in this news release that are not historical facts are "forward-looking information" within the meaning of the applicable Canadian securities legislation. This news release contains forward-looking information such as estimates and statements that describe Anfield's future plans, objectives or goals, including words to the effect that Anfield or management expects a stated condition or result to occur. Generally, this forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "estimates", "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". Examples of forward-looking information in this news release include, but are not limited to statements with respect to Anfield's plans and expectations with respect to the Mayaniquel nickel project, Anfield's estimates of mineral reserves and mineral resources and the potential to mine mineralization within the exploitation license area. Forward-looking information is 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 information, including but not limited to: risks inherent in mineral reserve and mineral resource estimation and the material assumptions in respect thereof including selection of the appropriate cut-off grade, risks related to international operations, risks related to the potential development of Anfield's Mayaniquel project, the speculative nature of mineral exploration and development, uncertainty regarding the results of the Prefeasibility Study, changes in project parameters as plans continue to be refined, risks related to the loss of licences, mineral reserves and resources or defects in title, uncertainty regarding the timing of events, future prices of commodities, currency fluctuations and uncertainties, risks related to the availability of capital on acceptable terms, if at all, risks related to capital and operating cost escalation, risks related to environmental, safety and regulatory risks including increased regulatory burdens or delays 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 and risks that could cause actual results to differ materially from those contained in forward-looking information, 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 information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Anfield Nickel Corp. does not undertake to update any forward-looking information that are incorporated by reference herein, except in accordance with applicable securities laws.
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