News - New cyclical bull underway in gold stocksANDOVER REPORTS ASSAY RESULTS FROM THE 2012 DRILL PROGRAM AT SUN PROPERTY, AMBLER MINERAL BELT, ALASKA
August 29, 2012, Vancouver, B.C.- Andover Mining Corp. (“Andover” or the “Company”) (AOX-TSX: V) (AOVTF-United States) (R2X-Frankfurt Exchange) is pleased to announce the latest assay results from its 2012 drilling program on the Main SUN Deposit in the Company’s SUN District project located in the Ambler Mineral Belt, Northwest Alaska.
Drill hole SUN 12-35 was completed at a depth of approximately 164.6 meters. The drill hole tested the Main SUN Deposit (see news release dated August 22, 2012, August 21, 2012, August 8, 2012 and July 18, 2012 for previously released 2012 drill results). Significant drill intercepts from SUN 12-35 are reported in the following table.
|
DDH ID #
|
Intercept From
|
Intercept
To
|
Interval (m)
|
True Width
|
Cu (%)
|
Pb (%)
|
Zn (%)
|
Ag (g/T)
|
Au (g/T)
|
|
SUN-12-35
|
42.5
|
43.1
|
0.6
|
0.5
|
0.7%
|
0.5%
|
1.8%
|
58.9
|
0.415
|
|
SUN-12-35
|
51.4
|
53.7
|
2.3
|
2.0
|
1.2%
|
0.2%
|
1.0%
|
77.3
|
0.602
|
|
SUN-12-35
|
98.3
|
105.6
|
7.3
|
6.2
|
0.8%
|
0.4%
|
1.3%
|
33.9
|
0.181
|
|
SUN-12-35
|
109.7
|
110.4
|
0.7
|
0.6
|
0.0%
|
0.6%
|
2.7%
|
22.5
|
0.174
|
“SUN-12-35 confirms the presence and character of the mineralization on the northeastern extension of the Main SUN Deposit” says Kent Turner, COO of Andover Mining Corp, “and should serve to help increase our resources along strike in that direction when we have completed the seasons work and Mine Development Associates of Reno, Nevada completes a National Instrument 43-101 compliant resource calculation and a PEA for the Main SUN Deposit after the 2012 drill campaign is completed and the assays and QA/QC work have been completed. We continue to be pleased with the results of our 2012 program on our deposits within this emerging mineral belt”.
Drilling will continue 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.
Drill core from SUN 12-35, completed on 27 July 2012 was logged, split and boxed on site by Andover’s geologists. Core from SUN 12-35 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.
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
Signed “Gordon Blankstein”
CEO and Chairman
Investor Relations Contact Information
Richard Martens
Telephone: 1-604-682-2168
Int'l Toll Free: 1-800-266-4484
Suite 890-999 West Hastings St
Vancouver, BC V6C-2W6
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