Andover Ventures Inc.

Andover Ventures Inc.

October 11, 2007 15:09 ET

Andover Completes 2007 Work/Drill Program at Sun Property; Reports First Round Results from 2007 Drilling

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 11, 2007) - Andover Ventures Inc. ("Andover" or the "Company") (TSX VENTURE:AOX)(FRANKFURT:R2X) is pleased to announce the completion of the 2007 exploration program at the Company's flagship property, Sun, a volcanogenic massive sulfide (VMS) deposit located in the Ambler Mining District in the Brooks Range in northwestern Alaska. The Company has now completed the camp winterization, and has shipped the last of the core samples for assay. Two drill rigs have been retained on site to enable the Company to commence its 2008 drill program in April of 2008.

Highlights of the 2007 work program included the installation of a new 20-man camp, a 1500 foot airstrip, geochemical sampling along the strike of the mineralization at Sun, and diamond drilling. The drilling commenced in late July 2007 utilizing two Boart-Longyear LF 70s to drill a total of 4,496 meters (14,750 feet) of NQ2 core in 20 holes.

Nineteen of the twenty holes encountered mineralized zones ranging from an estimated 1.20 to 24.0 meters (3.9 to 78 feet) thick, pending geochemical analyses, according to the geologic logs of the core. One hole crossed a fault where the mineralization apparently had been "faulted out". Seven of the holes encountered two mineralized horizons and two more encountered three mineralized zones. The thirty total horizons encountered averaged over 6 meters (20 feet) in thickness of massive and semi-massive mineralization according to the geologic logs. All of the 2007 drilling at Sun was designed to be within 30 degrees of being perpendicular to bedding; hence these thicknesses should all be reasonably close to true thickness.

Complete results from ten of the holes in the first phase of drilling are now in hand. Highlights include Sun 07-10 with an upper 10.94-meter (35.8-foot) intercept of 2.34% copper, 0.77% lead, 5.98% zinc, 68.1 gm/T silver and 0.266 gm/T gold and a lower 5.08-meter (16.7-foot) intercept of 4.34% copper, 0.58% lead, 2.76% zinc, 99.1 gm/T silver and 0.199 gm/T gold.

Copper, lead, zinc, silver and gold analyses for the mineralized intercepts received from the lab to date are included in the table below:

from to thickness Cu Pb Zn Ag Au
Hole No. (m) (m) (m) (%) (%) (%) (gm/T) (gm/T)
------- ---- -- --------- -- -- -- ---- ----
Sun 07-01 84.50 88.55 4.05 0.70 2.60 6.00 133.0 0.273
Sun 07-02 136.70 139.70 3.00 7.40 2.50 7.40 182.9 0.241
Sun 07-03 140.00 145.00 5.00 0.30 0.03 5.00 265.0 0.462
Sun 07-04 171.00 173.74 2.74 0.14 0.27 1.02 6.2 0.059
Sun 07-05 165.00 167.00 2.00 0.93 0.49 1.08 29.5 0.124
Sun 07-06 93.35 96.35 3.00 0.15 3.59 5.92 148.0 0.217
Sun 07-07 89.20 89.45 0.25 0.37 1.24 2.91 75.0 0.174
Sun 07-09 106.30 111.40 5.10 8.61 0.68 3.85 206.9 0.929
Sun 07-10 83.80 94.74 10.94 2.34 0.77 5.98 68.1 0.266
and 128.57 133.65 5.08 4.34 0.58 2.76 99.1 0.199
Sun 07-11 108.80 110.80 2.00 1.17 0.04 0.22 4.9 0.251
and 168.70 173.40 4.70 0.66 1.87 8.85 64.4 0.163

The core samples were sawed and half the core was sent to Alaska Assay Labs in Fairbanks Alaska for a 30 element ICP-AA analysis with gold and silver fire assayed with an AA finish. Base metal overlimits were wet assayed. Check assays are being done at ALS Chemex labs in Vancouver, British Columbia. All samples have been submitted to the laboratory and partial results from most of the holes have been received from the lab. Andover is holding release of the partial analyses pending receipt of "over-limit" analyses for copper, lead and zinc. Full results will be released as these results are received over the next month.

Director, Dr. David Hedderly-Smith states, "The experience that Bill Ellis brings as project manager on the Sun Property enabled us to successfully complete the 2007 drill program. As all assay results from the holes drilled are received from the labs, coupled with the data from the 49 holes drilled by Anaconda, Cominco and Noranda in the late 1970's, we hope to calculate a new NI 43-101 compliant resource calculation for the Main Sun deposit. This drill data will also help us to plan our next drill program, expected to start in April 2008."

Bill Ellis, Manager for the Sun Project states, "Drilling at the Main Sun deposit in 2007 was spaced along fences approximately 150 meters apart with holes spaced approximately 50 meters down the dip of the mineral zones. The 2007 drill program tested approximately 1,400 meters along strike and approximately 250 meters in width. The 2007 program includes a 300 meter extension of the main Sun deposit to the north towards the Picnic Creek area."

Mr. Ellis also states, "After being part of the Sun deposit discovery team in the mid 70's it is very exciting to be managing this project. I am eager to get back to it in the spring of 2008!"

The contents of this release were prepared by Andover director and qualified person as defined by National Instrument 43-101, Dr. David Hedderly-Smith.

The Company also reports that it has granted incentive stock options to certain employees in the amount of 250,000 shares exercisable at .67 cents a share, subject to stock exchange approval.

Andover's website is located at


Robert Gardner, Chairman of the Board

The TSX Venture Exchange has not reviewed nor does it accept responsibility for the adequacy or accuracy of this press release.

Contact Information

  • Andover Ventures Inc.
    Richard Martens
    Investor Relations
    (604) 682-2168 or Int'l Toll Free: 1-800-266-4484
    (604) 682-2169 (FAX)