- Andover Ventures Inc. (“Andover”, “AOX”, “the company”) is a Vancouver, British Columbia based exploration company focused on the mining friendly jurisdictions of Alaska and Utah.
- The SUN deposit located in the Ambler District of Alaska is considered to be one of the largest undeveloped VMS deposits in the world.
- Recently signed a Joint Venture proposal with a Rio Tinto subsidiary on the Big Hill property in Utah. The company has a 45% carried interest to the completion of a feasibility study.
- The Burgin and Trixie properties, also in Utah, include past producing mines by the same names.
- The Burgin Complex, part of the Burgin property, has historic resources of 73.5 Moz silver, 3.3 B lbs lead and 3.3 B lbs zinc.
- The past producing Trixie mine, and 250 tpd Burgin mill and plant, are fully permitted and bonded, sitting on patented claims.
- We estimate the company will have to rise about $6 – $7 million this year to pay off an outstanding $5 million note payable (due in September 2010) and for working capital purposes. Risks
- At this time, the company does not own a producing mineral property.
- The value of the company is heavily dependent on commodity prices.
- Access to capital and share dilution.
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