Andover Reports Assay Results From the 2012 Drill Program at the SUN Property, Ambler Mineral Belt, Alaska
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 08/22/12 -- Andover Mining Corp. ("Andover" or the "Company") (TSX VENTURE: AOX)(OTCBB: AOVTF)(FRANKFURT: R2X) is pleased to announce updated results from its on-going drilling campaign at the S.W. SUN Deposit on the Company's SUN District project, located in the Ambler Mineral Belt, Northwest Alaska.
Assays have been received from drill holes SUN 12-30, SUN 12-32, SUN 12-34 and SUN 12-37 that targeted the S.W. SUN Deposit. These drill holes stepped out to the southwest and down dip from previous drilling. Drill hole SUN 12-30 was completed at a depth of approximately 136 meters, drill hole SUN 12-32 was completed at a depth of approximately 480 meters, drill hole SUN 12-34 was completed at a depth of approximately 379 meters and SUN 12-37 was completed at a depth of approximately 328 meters. Significant drill intercepts from SUN 12-30 and SUN 12-34 are reported in the following table. (see news releases dated August 21/ 2012, August 08/ 2012 and July 18/ 2012 for previously released 2012 results.)
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True
From To Interval Width Cu Pb Zn Ag Au
Drill Hole (M) (M) (M) (M) (%) (%) (%) (g/t) (g/t)
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SUN 12-30 37.8 40.5 2.7 2.1 1.65 0.06 0.66 12.0 0.062
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SUN 12-30 59.0 61.1 2.1 1.8 0.38 0.28 0.80 14.4 0.115
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SUN 12-34 319.8 323.8 4.0 3.6 1.02 2.13 6.45 80.7 0.206
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Note(i) SUN 12-32, SUN 12-37 had no significant intercepts.
The 2012 drill core was logged, split and boxed on site by Andover's geologists. Core from the S.W. SUN 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.
Drilling continues on both the Main SUN Deposit and S.W. SUN Deposit. New assays will be released as they are received from ALS-Chemex. Drilling is planned to continue into September of 2012.
A second drill rig operated by Core One Drilling of Delta, Colorado, is currently testing new targets outside of the known Main SUN and S.W. SUN Deposits. These targets were generated in the SUN District by Andover's 2012 reconnaissance efforts. Results from these drill holes will be reported as they are received. New targets will be addressed for as long as the exploration season allows.
"The drilling at S.W. SUN continues to increase the known size of the deposit and is allowing us to better understand the mineralization controls and structural setting of this deposit," says Kent Turner, Andover's COO. "We will continue to develop a new resource here to add to our Main SUN Deposit resource. We expect to be able to provide a National Instrument 43-101 compliant resource estimation on the S.W. SUN Deposit later this year or early in Q1, 2013."
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
1-604-682-2169 (FAX)
rick@andovermining.com
www.andovermining.com