Andover Announces Sun Work Plan for 2011
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/12/11 -- Andover Ventures Inc. ('Andover' or the 'Company') (TSX VENTURE: AOX)(OTCBB: AOVTF)(FRANKFURT: R2X) is undertaking a new resource calculation for the SUN project located in the Ambler Mining District in Northwest Alaska. The Company's 100% owned silver-copper-lead-zinc-gold VMS (volcanic massive sulphide) prospect is located on approximately 17,980 acres of land. The VMS style mineralization has been drilled on approximately three kilometres of strike but the highly prospective meta-volcanic Ambler Schist Belt has been traced approximately another 16 kilometres on the Andover claim block.
The Ambler District, as recognized by Metals Economics Group, is one of the worlds largest undeveloped copper-zinc districts. The Ambler District has three known principal VMS deposits within the District. The largest is the Arctic, owned by NovaGold Resources Inc., the smallest is the Smucker, owned by Teck Resources Limited and the SUN is owned by Andover.
The Historical Four Volume Pre-feasibility Study on the Sun Deposit (Pre NI 43-101) conducted for Anaconda Copper Mining Company in 1977 by Canadian Mine Services Ltd., Kilborn Engineering (B.C.) Ltd., and Swan Wooster Engineering Co. Ltd., and projected the following resources. These historic resource calculations were done prior to the implementation of NI 43-101 and are not compliant with NI 43-101 and therefore should not be relied upon.
Tons Silver Copper Lead Zinc
Open pit 2,399,000 2.39 opt 1.93% 1.20% 4.51%
Underground 17,891,000 2.37 opt 1.91% 1.18% 4.46%
The new resource calculation will include the data from the successful 20 hole drill program conducted by Andover during the 2007 field season.
Planning for the 2011 drill season is also underway. Andover's 2007 drill program was focused on the Main SUN target and this years program is being designed to test the S.W. SUN and to further extend the Main SUN Deposit towards Picnic Creek to the Northeast.
North Western Alaska Corridor
The State of Alaska, Department of Transportation and Public Facilities (Northern Region) has commissioned and received a completed report by DOWL HKM consultants from Anchorage, Alaska on preliminary corridor alternatives to open up Western Alaska. The Report titled 'Western Alaska Access Planning Study' was completed in 2010.
The proposed road corridor would connect the Fairbanks area to the Sewart Peninsula. The study identified communities and resources that would benefit from the estimated project cost of between $2.3 to $2.7 billion, for the 500 mile long corridor.
The benefits, as outlined in the study, of this transportation corridor include;
-- Lower passenger transportation costs
-- Lower fuel delivery costs
-- Lower freight and mail delivery costs
-- Lower mining/resource and development costs
-- Lower energy and power infrastructure costs
-- Increased jobs, income and access to services for local villages
Public meetings are currently being conducted in most of the communities affected. Meetings are also being conducted with Tribal organizations and City governments, Regional and Village Native Corporations, mine owners and other interested parties.
Andover's Board of Directors
Dr. David A. Hedderly-Smith PhD., P.G. has been appointed to Andover's Board of Directors. Dr. Hedderly-Smith has his B.S. (Geology) from Western Washington University, his M.S. (Geological Sciences) from the University of Washington, and his PhD (Geology/ Geochemistry) from the University of Utah.
Dr. Hedderly-Smith is a 'QP' under Canadian Securities NI 43-101, a Fellow of the Society of Economic Geologists, a Member of the Society for Geology Applied to Mineral Deposits and a member of several other regional technical associations or societies. He is a licensed Professional Geologist in the State of Utah.
Andover has granted 250,000 options to purchase common shares in the Company to Dr. Hedderly-Smith exercisable at .70 cents per share for a period of 5 years.
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.
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
Telephone: 1-604-682-2168 or Int'l Toll Free: 1-800-266-4484
www.andoverventures.com