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Andover Ventures’ flagship property, the SUN, located in the Ambler Mining District in the Brooks Range in Northwestern Alaska, hosts strong VMS (Volcanogenic Massive Sulfide) mineralization presenting high potential for base and precious metals.
The Company has a 100% interest in this Zinc-Copper-Lead-Silver-Gold project in Northwestern Alaska. The SUN Property consists of sixty eight 160-acres State of Alaska mining claims on the south flank of the Brooks Range in Northwestern Alaska. The property hosts an important Zinc-Copper-Silver deposit first identified in the 1970s. The property was later explored by Noranda, Anaconda and Cominco. As defined by historical drilling, the SUN Property extends approximately three kilometers along strike. The highly prospective metavolcanic Ambler Schist Belt around and to the west of the SUN Property has been traced another 16 Kilometers on the 4,400-hectare Andover claim block.
The Ambler District hosts several VMS deposits which include Cominco’s Smucker deposit to the west, Rio Tinto/Nova Gold’s Artic deposit in the center and the SUN deposit on the east side of the district. Andover has staked a further fifty-seven 160 acre claims over favorable Ambler Schist Belt rocks in the area of Cominco’s Smucker deposit.
As the historical resources defined by Anaconda and Cominco are pre-NI 43-101, they have been restated as a “historical resource estimate.” The company intends to prove up the historical work to NI 43-101 standards and subsequently move toward a feasibility study. |