Andover Ventures Increases Its Alaska Footprint
22 November 2011 - 3:16AM
Marketwired
Andover Ventures Inc. (TSX-V: AOX) announced on Friday that it has
more than doubled its land position to over 36,000 acres in
Northwest Alaska.
Alaska, home to some of the world's richest mineral deposits,
plays host to some of the most prolific mining and exploration
companies in the world, such as NovaGold (NYSE Amex: NG) and Anglo
American (LSE: AAL) as well as up-and-coming exploration companies
such as Andover Ventures and Northern Dynasty Minerals (NYSE Amex:
NAK).
A preliminary economic assessment, released in April, 2011 by
NovaGold, estimated total "payable metal production" over the life
of the company's Ambler project at 1.7 billion pounds of copper,
2.0 billion pounds of zinc, 291 million pounds of lead, 266,000
ounces of gold and 22 million ounces of silver. These findings by
NovaGold have encouraged Andover to up its stake in this
region.
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