Canadian Company Spotlight

Andover Ventures is a precious and base metals exploration and development company with high grade, world class projects located in both the historic Tintic Mining District of Utah and the Polymetallic rich Ambler Mining District of Alaska, USA.

Profile

Andover Ventures is a precious and base metals exploration and development company with high grade, world class projects located in both the historic East Tintic Mining District of Utah and the Polymetallic rich Ambler Mining District of Alaska, USA. Andover Ventures' current primary asset is the 100% owned Sun Property, a Zinc-Copper-Lead-Silver-Gold project located in the Ambler Mining District in the Brooks Range of North-western Alaska. The Sun hosts strong VMS (Volcanogenic Massive Sulfide) mineralization presenting high potential for base and precious metals. Andover intends to prove up the historical work to NI 43-101 standards and subsequently move toward a feasibility study.

Nearly all of the large and many of the small placer gold mines currently operating in the US are in Alaska. Alaska currently produces more gold (in 2007: 673,274 troy oz from lode mines, and 53,848 troy oz from placer deposits) than any state except Nevada. In 2007, gold accounted for 15% of the mining wealth produced in Alaska. Zinc and lead, mainly from the Red Dog mine, accounted for 73%; silver, mainly from the Greens Creek mine, accounted for 8%; coal and aggregates accounted for nearly 2% each. Alaska produced a total of 40.3 million troy ounces of gold from 1880 through the end of 2007. The Company has a 100% interest in this Zinc-Copper-Lead-Silver-Gold project in Northwestern Alaska.

Andover’s SUN property, consisting of over 10,000 acre State of Alaska mining claims on the south flank of the Brooks Range in the Ambler Mining District, Alaska, USA, hosts strong Polymetallic mineralization. The District has attracted world class majors including Cominco, Noranda, Sunshine Mining Company, Anaconda and Kennecott. The SUN deposit is the second largest deposit in the district, behind the Arctic deposit (Nova Gold & Rio Tinto).

The Sun deposit ranks among the World's largest undeveloped Copper-Zinc deposits. A historical prefeasibility study of the Sun Deposit indicated Open Pit deposits of 2.4 Million tonnes grading 2.39 opt Silver, 1.93% Copper, 1.20% Lead and 4.51% Zinc. The underground deposit size was 17.9 Million tonnes grading 2.37 opt Silver, 1.91% Copper, 1.18% Lead and 4.46% Zinc.

The East Tintic Mining District located in Utah, USA, is rich in history and host to numerous former producing mines. Andover is focusing on developing the last producing mine, the Trixie Mine, (Gold/ Silver) back into production. It last produced in February 2002, the mill and mine have been on stand by since that time.

Andover Ventures and Chief Consolidated Mining Company are engaged in the exploration and development of approximately sixteen thousand (16,000) acres of mining properties located in the prolific East Tintic District of Utah, adjacent to the historic mining city of Eureka. The properties also contain 23 former producing mines located within the Utah Mining properties including former Kennecott producers the “Trixie” and “Burgin” mines.

The Trixie Mine is a fully permitted and bonded Gold/ Silver Mine. The Trixie Mine processed 7,808 tons of ore in late 2001 until closure in February 2002 and produced some 4,460 ounces of gold. The total mining and milling cost at that time was US$89 per ton, processed.

Primarily a Silver, Lead, Zinc deposit, management is re-examining the feasibility of returning the Burgin Mine into production. The east Tintic District is rich in exploration targets that are near to the Burgin Mine, for example, the Ball Park, the Sunshine Target, Zone A, and other near by targets, which need to be examined closer.

The Burgin project is a past precious and base metal producing mine. Exploration targets include the Burgin extension which has historical grades of 16 opt Silver, 19% Lead and 6.3% Zinc. The Sunshine target has historical grades of 15 opt Silver, 15% Lead and 5% Zinc, the Burgin Gold target has historical grades of 10 opt Silver, and 0.25 opt Gold, the Zone "A Target" has historical grades of 1.5 opt Silver, 6.4% Lead and 7.8% Zinc, lastly, the Ball Park target has historical grades of 1.0 opt Silver, 4% Lead and 4-6% Zinc.

The Company has been on quite a bit of a bull run thanks in part to their portfolio properties, strategic acquisitions, a strong commodity price run-up and experienced management team. Looking at the Company's stock chart, the early October low has given way to a strong up-trend that seems to be trading in a quite narrow channel formation, of which the stock price is near the mid-way point of that channel pointing upwards. The ADX currently has the positive divergence separating from the negative signalling a sustained uptrend. The parabolic SAR has just recently turned bullish and the MACD looks as though it is on course for a sustained up trend. Volume has also picked up and is taking the price higher, as such, most technical's point to a continuation of the recent bullish channel pattern. Should this channel pattern be breached, stop losses around the $0.28-$0.29 range would be wise to make. At this point, investors are reminded that these are technical readings, and they are not 100% accurate, so further due diligence and consultation with a financial advisor are always recommended.

Andover Ventures has plenty of things going for it right now. It has a world-class property in Alaska as well as other past-producing properties in Utah that are putting out strong figures. Couple that with an experienced management and strong technical readings, most investors can see that this is a Company worth taking a second look at. Because of the extensive technical and fundamental positives associated with Andover Ventures, Inc. (TSX-Venture:AOX), we felt compelled to share this find with our visitors and as such it is AllPennyStocks.com's latest Canadian Company Spotlight.

Bruce Riederer
President

Mr. Riederer has 35 years of exploration, development and mining experience throughout the Western United States and Australia. He has project managed a myriad of Federal and State permitting requirements, fast tracked numerous pre-feasibility / feasibility studies and EPCM for base and precious metal projects.

Gordon Blankstein (MBA)
CEO & Chairman

Mr. Gordon Blankstein holds an MBA from the University of British Columbia. Mr. Blankstein is an international financier having founded several startup companies, overseen their growth and ultimate disposition. He has approximately 30 years experience in the capital markets both in Canada and the United States where he has had roles ranging from Directorships to Chairman and CEO roles. Most notably these include ICG, GST Telecom, NACT Telecom and Bestel SA de CV,. Mr. Blankstein was nominated as the Chairman and Chief Executive Officer of the Company and has assumed these roles. Mr. Blankstein is also the founder and remains active in the Mountainview Conservation Society.

David J. Lajack, (B.S.,Central Michigan University)
COO

Mr. Lajack has worked in lode mineral exploration since the early 1980's. In 1985 he founded a successful prospecting syndicate (Lajack and Associates) which still has active properties in Alaska. Mr. Lajack is a founding member and President of Royal Pretoria Gold Ltd., a private exploration company, incorporated in Alaska in August 2000. Mr. Lajack has worked as a consultant in the industry and has co-authored published papers on geology and geochemistry.

Jeff Bates
CFO

Mr. Bates is a qualified Chartered Accountant with the Institute of Chartered Accountants in England and Wales and has served as chief financial officer and controller in various corporations. For the past two years, Mr. Bates was the chief financial officer of another reporting issuer and was previously employed with KPMG in their audit group at their offices in the United Kingdom and Vancouver. Mr. Bates also had previous experience in the industry in the United Kingdom.

Mr. Manfred Schauer
Director

Director - Mr. Schauer was born and educated in Germany and spent 20 years as an international banker, 15 years of which were as Regional Treasurer Asia Pacific for the Deutsche Bank group based in Hong Kong. Mr. Schauer now runs his own consultancy and investment business based in New Zealand.

Mr. Peter Legault
Director

Mr. Peter Legault of Toronto, Ontario, has had a long career as an investment banker; Mr. Legault’s career includes tenures at both bulge bracket investment banking houses and Canadian Independently owned and operated firms. Prior to his role in investment banking Mr.Legault also served in the role as an investment analyst, and has extensive experience in serving on companies Board of Directors and in mergers and acquisitions.

David Greenway
Director

Mr. Greenway is currently the President and CEO of SNS Silver Corp. David Greenway studied at Nelson College on the tip of New Zealand’s South Island, later transferring to Poole College in Poole, England. He then attended Bournemouth University where he studied Accounting and Finance.

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