Andover Reports Initial Assay Results From the 2012 Drill Program at Sun Property, Ambler District, Alaska
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/18/12 -- Andover Mining Corp. ("Andover" or the "Company") (TSX VENTURE: AOX)(OTCBB: AOVTF)(FRANKFURT: R2X) is pleased to announce its assay results from the first drill hole of its 2012 drilling program on the SUN property located in the Ambler Mining District, Northwest Alaska. Drill hole SUN 12-29 was completed on June 21, 2012 at a depth of approximately 203 meters.
The 2012 drill core was logged, split and boxed on site by Andover's geologists. Core from SUN 12-29 was shipped to the ALS-Chemex Prep Lab in Fairbanks, Alaska. The pulps from Fairbanks were analyzed for 35 elements at the ALS-Chemex facilities in Vancouver, British Columbia and the gold assays were performed at ALS-Chemex facilities in Reno, Nevada. Base metal over-limits were wet assayed. Blanks and standards were inserted with each sample shipment.
Drill hole SUN 12-29 was the first drill hole of the 2012 drill program at the SUN property and tested the main SUN Deposit. Significant drill intercepts from SUN 12-29 are as follows.
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True
From To Interval Thickness Cu Pb Zn Ag Au
Drill Hole (M) (M) (M) (M) (%) (%) (%) (g/t) (g/t)
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SUN 12-29 71.9 80.5 8.6 8.6 1.49 1.60 9.03 66.2 .190
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SUN 12-29 100.5 106.7 6.2 6.2 2.73 1.27 6.54 116.4 .396
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SUN 12-29 130.0 132.3 2.3 2.3 1.68 .26 1.04 48.9 .142
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Drilling continues on both the SUN Deposit and S.W. SUN Deposit. Further assays will be released as they are received. Drilling is being conducted on a 24 hour basis, 7 days a week, and is expected to continue into September 2012.
This news release has been reviewed by Bradley C. Peek, Certified Professional Geologist (AIPG CPG-11299) and General Manager for Andover's Ambler District projects. Mr. Peek is a National Instrument 43-101 qualified person and is responsible for the technical aspects of this news release.
About Andover:
Andover is a precious and base metal exploration and development company focused on copper exploration at its flagship asset, the SUN project, located in the Ambler Mining District, Northwest, Alaska. The Ambler District hosts world-class VMS deposits containing copper, zinc, lead, gold and silver. The Ambler District is one of the richest and most-prospective copper districts located in one of the safest geopolitical jurisdictions in the world. In Utah, Andover, through its 83.5% ownership of Chief Consolidated Mining Company whose lands located in the historic East Tintic Mining District, has a multi faceted development approach. The Big Hill project, where Kennecott Exploration Company can earn a 55% interest by carrying Chief through to the end of a Feasibility Study is focused on a large porphyry copper prospect. The Burgin Complex, host to a limestone, silver lead zinc deposit has completed a PEA and is preparing this deposit and the Trixie gold mine toward exploitation.
For further information we invite you to visit us at www.andovermining.com.
ON BEHALF OF THE BOARD
Gordon Blankstein, CEO and Chairman
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Andover Mining Corp.
Richard Martens
Investor Relations
1-604-682-2168 or Int'l Toll Free: 1-800-266-4484
rick@andovermining.com
www.andovermining.com