Andover Ventures

Published : June 06th, 2011

AOX-TSX: V - AOVTF-United States

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Keywords :   Canada | Copper | Fixed | Gold | Lead | Silver | Storage | Utah | Zinc |

ANDOVER MOBILIZES DRILL AND CREW TO SUN PROPERTY ALASKA FOR 2011 PROGRAM

 

June 06, 2011, Vancouver, B.C. - Andover Ventures Inc. (�Andover� or the �Company�) (AOX-TSX: V) (AOVTF-United States) (R2X-Frankfurt Exchange) is pleased to announce that the mobilization for its 2011 drill program at the SUN volcanogenic massive sulfide (�VMS�) deposit in Alaska's Ambler Mining District is underway. 

 

The Company�s 100% owned SUN, silver-copper-lead-zinc-gold VMS prospect is located on approximately 17,980 acres of land in the eastern Ambler Mining District in Northwest Alaska. The Ambler District, as recognized by Metals Economics Group, is one of the world's largest undeveloped copper-zinc districts. The SUN deposit is generally accepted to be the second largest known deposit within the district � the largest is NovaGold's Arctic deposit in the central part of the district and the smallest in size is Teck Resources' Smucker deposit at the western end of the belt. 

 

Alaska Earth Sciences has been retained to provide the mobilization for Andover for 2011.  This work began in mid-May and includes: refurbishing the Company's camp (built in 2007); moving in all camp supplies, drill equipment and fuel for the camp, aircraft operations and fixed-wing aircraft support throughout the program; and demobilization of both the drill and camp.  Andover maintains a 25-man camp at the Sun project consisting of living quarters, a core-logging facility, geological office, mess facility, shower and laundry facilities, generator, shop and tool storage, indoor and outdoor core storage and a 1500-foot airstrip. 

 

The Company has signed a contract with Core One Drilling Inc. (�Core One�) of Delta, Colorado, to drill NQ2 diameter core at the SUN Project during the 2011 summer drill season.  Approximately 2000 to 2500 meters of drilling are anticipated.  The 2011 program has a preliminary budget of $1 million.  Mobilization of the drill is currently underway, and drilling should start within a few days.  The focus of the 2011 program will be to further extend the Main Sun deposit to the northeast towards Picnic Creek and also to the southeast and to test the S.W. SUN area. 

 

The 2011 program at Sun will be performed under the supervision of David Hedderly-Smith, Ph.D., P.G.  Dr. Hedderly-Smith, a consulting geologist, with some 40 years experience in mineral exploration in Alaska and throughout Western North America is an Andover Director and qualified person as defined by N.I. 43-101. 

 

The 2011 Sun geological team is now on site.  The team is headed up by Mr. Brian K. Jones and Mr. Bradley C. Peek.   Mr. Jones, who worked in the Ambler District for Kennecott Copper Corporation in the 1980�s and has studied many similar volcanogenic massive sulfide deposits throughout the State of Alaska, will be heading up the project.  Mr. Peek, one of Andover�s senior geologists, with 35 years of experience in the mineral exploration industry, has been hired by Andover to be General Manager for the Sun Project.  Mr. Peek will be taking full responsibility for the property at the completion of the 2011 field program.

 

Andover�s CEO, Gordon Blankstein comments, �We look forward to continuing to explore one of the most exciting base metal districts in North America. Although we have a lot of work to do on the SUN Deposit as we continue to advance the project, the high grade nature of the deposit, the low geopolitical risk of the District, the support of the State of Alaska and local Alaska Native Corporation (NANA) and the fact that Nova Gold Resources Inc. and Teck Resources Inc. are the other stakeholders in the District, gives us confidence that we can create significant value for our shareholders from the SUN Deposit.�

 

About Andover:

Andover Ventures is a precious and base metal exploration and development company, headquartered in Vancouver, British Columbia, Canada. Andover Ventures holdings are located in the historic East Tintic Mining District, Utah, USA, and the polymetallic rich Ambler Mining District, located in Alaska, USA.

 

 

For further information we invite you to visit us at www.andoverventures.com

 

 

ON BEHALF OF THE BOARD

Signed �Gordon Blankstein�

CEO and Chairman

 

CONTACT INFORMATION:

Investor Relations:                                      

Richard Martens                                          

Telephone: 1-604-682-2168

Int'l Toll Free: 1-800-266-4484

Suite 890-999 West Hastings St

Vancouver, BC    V6C-2W6

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

To be removed from Andover Ventures Inc. Email list please click

 

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Andover Ventures

EXPLORATION STAGE
CODE : AOX.V
ISIN : CA0343111005
CUSIP : 034388108
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Andover Ventures is a gold and silver development stage company based in Canada.

Andover Ventures holds various exploration projects in USA.

Its main exploration properties are TRIXIE MINE, BIG HILL, SUN and CHIEF CONSOLIDATED - BURGIN in USA.

Andover Ventures is listed in Canada. Its market capitalisation is CA$ 3.1 millions as of today (US$ 2.8 millions, € 2.1 millions).

Its stock quote reached its highest recent level on May 11, 2007 at CA$ 1.02, and its lowest recent point on February 07, 2014 at CA$ 0.02.

Andover Ventures has 122 350 000 shares outstanding.

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Project news of Andover Ventures
10/11/2012(Sun)Increases Strike Length to the Northeast of SUN Deposit, Amb...
9/24/2012(Sun)Announces Discovery of a Second New Massive Sulfide System a...
10/14/2011Lawrence Roulston's News Letter - Resource Opportunities - P...
7/19/2011(Sun)Completes 2011 Drill Program, Sun Property Alaska
6/27/2011(Big Hill)Kennecott Receives Drill Permits for Big Hill Project, East ...
4/7/2011(Big Hill)Kennecott Reports on Exploration Activities at Big Hill Prop...
3/31/2011(Sun)ANDOVER (AOX-TSX: V) (AOVTF-United States) HIRES GENERAL MAN...
2/23/2010(Big Hill)Signs with Kennecott Exploration Co.
Corporate news of Andover Ventures
9/12/2012(Sun)Reports Additional Assay Results From the 2012 Drill Program...
8/8/2011ANNOUNCES SEDAR FILING OF RESOURCE ESTIMATE FOR BURGIN EXTEN...
7/29/2011StockGuru shines its Spotlight on Andover Ventures Inc.
7/5/2011Announces Engagement of RedChip Companies for Public and Inv...
6/22/2011/ Andover Ventures - AOX.V - ANDOVER ANNOUNCES RESOURCE ESTI...
6/6/2011AOX-TSX: V - AOVTF-United States
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