Vancouver-based Andover Ventures (CVE:AOX), a precious and base metal explorer, on Monday said that mobilization for its 2011 drill campaign at the Sun volcanogenic massive sulphide (VMS) deposit in Northwest Alaska is in progress.
The VMS prospect, which Andover Ventures owns, encompasses about 17,980 acres of land in the eastern Ambler mining district in Northwest Alaska.
Alaska Earth Science began work in mid-May to refurbish Andover’s camp built in 2007, and has since moved in camp supplies, drill equipment and fuel.
Meanwhile, Andover has signed a deal with Core One Drilling of Delta, Colorado to drill between 2,000 to 2,5000 metres at the Sun project this summer. The company has an estimated budget of $1 million, it said.
Currently, mobilization of the drill is underway and drilling is expected to begin in a few days. The focus of the 2011 program will be to extend the main Sun deposit to the northeast, towards Picnic Creek, and also to the southeast.
David Hedderly-Smith, a consulting geologist with 40 years worth of experience in mineral exploration, will be supervising the 2011 drill program.
"We look forward to continuing to explore one of the most exciting base metal districts in North America,” said Andover’s CEO Gordon Blankstein.
"Although we have a lot of work to do on the SUN Deposit as we continue to advance the project, the high grade nature of the deposit, the low geopolitical risk of the District gives us confidence that we can create significant value for our shareholders from the SUN Deposit,” he added.