Andover Completes 2011 Drill Program, Sun Property Alaska
19 7월 2011 - 10:00PM
Marketwired
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.
Anaconda Historical Pre-feasibility Study
Tons Silver Copper Lead Zinc
Open pit 2,399,000 2.39 opt 1.93% 1.20% 4.51%
Underground 17,891,000 2.37 opt 1.91% 1.18% 4.46%
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
www.andoverventures.com.
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
www.andoverventures.com
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