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Andover's Chief begins industrial mineral evaluation
2013-05-23 09:21 ET - News Release
Mr. Gordon Blankstein reports
ANDOVER'S SUBSIDIARY CHIEF ANNOUNCES COMPREHENSIVE EVALUATION PROGRAM OF ITS INDUSTRIAL MINERALS DIVISION'S ASSETS
Andover Mining Corp.'s subsidiary, Chief Consolidated Mining Company (83.5 per cent owned by Andover), has commenced an evaluation program for its industrial minerals division in the East Tintic mining district in Utah.
The program will consist of the evaluation of the exploitation potential of several potential industrial mineral deposits on Chief's lands, including the existing bonded and permitted limestone quarry, calcium carbonate deposit, iron ore deposits, halocite clay deposits, and tintic quartzite silica deposits, all located on 100-per-cent-Chief-controlled lands.
The program is being managed by Chief's industrial mineral partner, and will consist of several individual sampling and drilling projects addressing a variety of industrial mineral assets. The initial cost of the program is estimated at $1.1-million, with Chief responsible for 10 per cent of the costs.
Results of the program will be released as they are received and validated.
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