Proactiveinvestors recommends
Additional Information
Market: TSX-V
Sector: General Mining
EPIC: AOX
Latest Price: C$0.25  (0,00%)
52-week High: C$0.66
52-week Low: C$0.25
Market Cap: C$27.61M
1 year chart
digital-look imported chart image
1 day chart
digital-look imported chart image
Watchlist/Portfolio

Add to watchlist:

Only registered members can add into watchlist !

Register here !
Andover Ventures Inc.
www.andoverventures.com

Andover Ventures is a precious and base metal exploration and development company, headquartered in Vancouver, British Columbia, Canada, with world class properties located in the historic Tintic Mining District, Utah, USA and the Polymetallic rich Ambler Mining District, located in Alaska, USA.

 

Full Andover Ventures Inc. profile here
Is AOX a Buy, Sell or Hold?Get your FREE analysis of AOX
Pdf

Andover reports 6.9m oz indicated silver resource at Burgin Extension deposit

23rd Jun 2011, 1:56 pm by Deborah Sterescu

Andover Ventures (CVE:AOX)(OTCBB:AOVTF) released Wednesday an encouraging resource report for its Burgin Extension deposit, located in the East Tintic Mining District of Utah, with a preliminary economic assessment study due to follow by the end of the summer.

The silver-lead-zinc deposit is part of the 16,000 acres of patented claims in the Utah district owned by Chief Consolidated Mining Company, in which Andover holds a 78.5% stake.

At a cut-off of 5 silver equivalent ounces per ton, the NI 43-101 compliant report estimated indicated resources of 6.9 million silver ounces, and inferred resources of 11.8 million ounces.

In addition, 170.46 million indicated pounds of lead and 63.50 million pounds of zinc were established, alongside inferred resources of 391.59 million pounds of lead, and 140.85 million pounds of zinc.

"We are excited about the confirmation of this emerging high grade silver deposit, and look forward to receiving the full PEA from MDA in the coming period," said COO Larry Segerstrom.

"We emphasize that this resource calculation is based solely upon the Burgin Extension Deposit, and does not include any of the additional deposits within this promising complex."

Indeed, the Burgin Extension is part of a complex that includes other known deposits such as Zone A, 5340 Zone, Zone B and the Ball Park Zone, none of which were incorporated into the resource report.

Burgin Extension is also open on-strike and down dip, meaning there is further potential to boost resources.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.