Vancouver, British Columbia - Anfield Gold Corp. ("Anfield" or "Company") (TSXV: ANF) announces that it has determined that the Brazilian Ministério Público Federal ("MPF") has brought an action against the Secretaria de Estado de Meio Ambiente e Sustentabilidade ("SEMAS"), the Departamento Nacional de Produção Mineral ("DNPM") and Anfield's subsidiary, Chapleau Exploração Mineral Ltda ("Chapleau"). The action seeks to nullify the trial mining licenses previously granted to Chapleau by SEMAS and states that SEMAS should not have granted the licenses without requiring Chapleau to prepare a full socio-economic analysis and Environmental Impact Study ("EIS") for the Coringa Project (the "Project"). Anfield and its legal counsel believe that Chapleau has complied with all applicable regulations and are preparing a response to the action, even though the MPF has not served the action on Anfield or Chapleau. Anfield is continuing to advance its EIS, which is required for the license to operate the Project in accordance with the Feasibility Study for the Project dated effective July 1, 2017.
About Anfield Gold
Anfield Gold Corp. (TSXV: ANF) is a Vancouver, Canada based precious metal exploration and development company focused on the development of the Coringa Project located in Para State, Brazil. Anfield's strategic plan also includes the acquisition of other gold projects with the goal of becoming a mid-tier gold mining company.
Further details are available on the Company's website at https://anfieldgold.com
|Anfield Gold Corp.
||For further information contact:
|Signed: "Marshall Koval"
||tel: + 604 646-1884
|Marshall Koval, Chairman & CEO
||fax: + 604 687-7041
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.
Certain statements and information herein, including all statements that are not historical facts, contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Often, but not always, forward-looking statements can be identified by the use of words such as "plan", "is planning", "believe" or variations of such words. Forward looking statements or information in this press release include, but are not limited to, Anfield's strategic plan to acquire other gold projects with the goal of becoming a mid-tier gold mining company, Anfield's plans for the submission of its EIS, and Anfield and its legal counsel's belief that Chapleau has complied with all applicable regulations. Although Anfield considers these forward-looking statements to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such risk factors include, among others, risks associated with the business of Anfield, risks related to obtaining the permits and approvals necessary to develop and commission the Project on terms that are acceptable to Anfield; risks related to Anfield identifying suitable acquisition targets; business and economic conditions in the mining industry generally; changes in general economic conditions or conditions in the financial markets; and changes to business and economic conditions in the mining industry generally. Forward-looking information and statements are in addition based on various estimates, forecasts and projections as well as expectations, beliefs and assumptions including, without limitation, the expectations and beliefs of management, the assumed long-term price of gold; that the Company can access financing and that the political environment where the Company operates will continue to support the development and operation of mining projects; that the feasibility study is an accurate assessment of the feasibility of the Project; and that the necessary remaining permits and approvals for the Project will be issued in a timely manner on terms satisfactory to Anfield. Although Anfield has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information 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 information. Anfield does not undertake to update any forward-looking information, except in accordance with applicable securities laws.