Andover Mobilizes Drill and Crew to Sun Property Alaska for 2011 Program
06 6월 2011 - 10:00PM
Marketwired
Andover Ventures Inc. ("Andover" or the "Company") (TSX VENTURE:
AOX)(OTCBB: AOVTF)(FRANKFURT: R2X) 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 NovaGold 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
Gordon Blankstein, CEO and Chairman
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.
Contacts: Andover Ventures Inc. Richard Martens Investor
Relations 1-604-682-2168 or Int'l Toll Free: 1-800-266-4484
www.andoverventures.com
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