Andover Reports Assay Results From Drill Hole Sun 12-41, Sun District, Ambler Mineral Belt, Alaska
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/26/12 -- Andover Mining Corp. ("Andover" or the "Company") (TSX VENTURE: AOX)(OTCBB: AOVTF)(FRANKFURT: R2X) is pleased to report continued results from the 2012 drill campaign conducted at the SUN District, Ambler Mineral Belt, northwestern Alaska.
Assays have been received from drill hole SUN 12-41, completed on August 24, 2012, targeting the northwest extension of the Main SUN Deposit. This drill hole is the most northwestern drill hole drilled into the Main SUN Deposit and assists in defining the strike of the deposit to the northwest. The extent of mineralization to the northwest remains open. Results from drill hole SUN 12-41 are summarized in the following table:
Previous results from the 2012 drill program targeting the Main SUN Deposit were reported in news releases dated July 18, August 21, August 29, September 12 and September 19, 2012.
"This drill hole serves not only to extend the Main SUN mineralization an additional 50 meters further to the northwest, but also allows better definition of the geometry of the Main SUN sulfide lens' in the sub-surface at this end of the deposit," states Kent Turner, Andover's COO. "Drill hole SUN 12-41 indicates that historic drilling in the northwestern area of the Main SUN Deposit, thought previously to limit this area of the deposit, may have failed to reach the mineralization. However," Mr. Turner cautions, "Further analysis of the drill data and additional drilling will be necessary to confirm this."
The 2012 drill core was logged, split and boxed on site by Andover's geologists. Core from the SUN Deposit were 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.
The 2012 drilling program at the SUN District has been completed and equipment is currently being demobilized from the site. Results from the remaining drill holes at the SUN District will be released as they are received from ALS-Chemex.
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 District, located in the Ambler Mineral Belt, Northwest, Alaska. The Ambler Mineral Belt hosts world-class VMS deposits containing copper, zinc, lead, gold and silver. The Ambler Mineral Belt is one of the richest and most-prospective copper mineral belts located in one of the safest geopolitical jurisdictions in the world. Andover controls approximately 36, 800 acres through sole ownership of 230 Alaska State mining claims in the SUN District and approximately 9,120 acres through sole ownership of 57 Alaska State claims in the Smucker area of the Ambler Mineral Belt.
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 replacement deposit, has completed a Preliminary Economic Assessment and is preparing this deposit and the Trixie gold mine toward exploitation. Chief owns fee simple approximately 16,000 acres in Utah.
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
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Datum: 26.09.2012 - 13:00 Uhr
Sprache: Deutsch
News-ID 186966
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Mining & Metals
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