Andover Completes 2011 Drill Program, Sun Property Alaska
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/19/11 -- Andover Ventures Inc. ("Andover" or the "Company") (TSX VENTURE: AOX)(OTCBB: AOVTF)(FRANKFURT: R2X) is pleased to announce the completion of the 2011 drilling program at the Sun Project, located in the Ambler Mining District, Northwest Alaska. The 2011 program was drilled by Core One Drilling Inc. of Delta, Colorado, USA and consisted of 7 drill holes totaling approximately 1514 meters of NQ2 diameter core. The focus of the 2011 drill program was to test the down dip extension of the Main Sun Deposit, to verify historical drilling and to fill in gaps in the previous drill patterns on the Main Sun Deposit and to test the S.W. Sun area with three exploration drill holes. The 2011 drill core has been split and sent to ALS Minerals located in Vancouver, British Columbia, Canada, for assays. Results will be released when they are received.
All three exploration drill holes drilled into the S.W. Sun encountered volcanogenic massive sulfide (VMS) mineralization and have now intersected the S.W. Sun over a strike length of .5 km. This new deposit is open down dip and to the Southwest. The three completed drill holes on the Main Sun Deposit encountered polymetallic massive sulfide mineralization and semi-massive sulfide mineralization.
Larry Segerstrom, Andover's COO, states, "VMS Deposits tend to cluster in a District and the discovery and verification of the S.W. Sun Deposit only further underlines the tremendous potential of Andover's holdings in the Ambler District. We have approximately 16 kms of strike to explore."
With the completion of the 2011 drill program, the project has 76 drill holes completed at the Sun. Andover completed 27 of these drill holes along with a further 49 drill holes completed by previous operators. Approximately 49,000 feet of drilling has been completed by various mining companies on Andover's Sun property including; Andover, Anaconda, Noranda, Cominco and Bear Creek.
The 2011 Sun geological team was headed up by Mr. Brian K. Jones and Mr. Bradley C. Peek. Mr. Jones, who worked in the Ambler district for Kennecott Copper Corporation in the 1980's and has studied many similar Volcanogenic Massive Sulfide Deposits throughout the State of Alaska. Mr. Peek, who has also worked on other VMS deposits in Alaska, has 35 years of experience in the mineral exploration industry, and is Andover's General Manager for the Sun project.
Anaconda had a four volume Pre-feasibility study completed on the Sun Deposit in September 1997 by Canadian Mine Services Ltd., Kilborn Engineering (B.C.) Ltd. and Swan Wooster Engineering Co Ltd. This Pre-feasibility study is historic in nature and a qualified person has not done sufficient work to classify the historical estimate as current mineral resources, the issuer is not treating the historical estimate as current mineral resources and the historical estimate should not be relied upon. However, Andover has no reason to believe that the data contained in the Anaconda Pre-Feasibility report is not accurate.
The above news release has been reviewed by Bradley C. Peek, Certified Professional Geologist (AIPG CPG-11299) and Senior Project Geologist for Andover Ventures, who is a National Instruments 43-101 Qualified Person and is responsible for the technical aspects of this press release.
About Andover:
Andover Ventures is a precious and base metal exploration and development company, headquartered in Vancouver, British Columbia, Canada. Andover Ventures' holdings are located in the historic East Tintic Mining District, Utah, USA, and the polymetallic-rich Ambler Mining District, Alaska, USA.
For further information we invite you to visit us at .
ON BEHALF OF THE BOARD
Gordon Blankstein, CEO and Chairman
Neither the 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 Ventures Inc.
Richard Martens
Investor Relations
1-604-682-2168
Int'l Toll Free: 1-800-266-4484
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Datum: 19.07.2011 - 13:00 Uhr
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