Andover Ventures Inc.

Andover Ventures Inc.

January 21, 2010 09:00 ET

Andover Ventures Inc.: Phase 1 Drill Program at East Tintic, Utah, Encounters Three New Zones Including 17.2-Meter Intercept of 171 g/T Silver Above High-Grade Burgin Extension Deposit

VANCOUVER, BRITISH COLUMBIA--(Marketwire – Jan. 21, 2010) - Andover Ventures Inc. ("Andover" or the "Company") (TSX VENTURE:AOX)(FRANKFURT:R2X) is pleased to report assay results from the first drill hole completed (C0903) during the Phase 1 drill program on Chief Consolidated Mining Company's Burgin Mine property located in the East Tintic Mining District, Utah, USA. (See Andover press releases dated October 22, 2009; November 3, 2009; November 30, 2009; and January 8, 2009.)

Hole C0903 encountered three new upper ore-grade silver-lead intercepts in quartzite breccia, above the historic Burgin Extension deposit.

  • UPPER ZONE I – 167 g/T (4.9 opt) of silver and 7.6% lead over 3.35-meter (11-foot) intercept from 428.5 m (1405 ft.) to 431.6 m (1416 ft.). 
  • UPPER ZONE II – 115 g/T (3.4 opt) of silver and 4.6% lead over 1.7-meter (5.5-foot) intercept from 438.3 m (1438 ft.) to 440 m (1443.5 ft.).
  • UPPER ZONE III – 171 g/T (5.0 opt) of silver and 2.17% lead over 17.2-meter (56.5-foot) intercept from 444.7 m (1459 ft.) to 463.9 m (1522 ft.), including an 9.9-meter (32.5-foot) intercept from 454 m (1489.5 ft) to 463.9 m (1522 ft.) which averaged 219 g/T (6.4 opt) silver and 2.3 % lead per ton.

Three mineralized zones encountered lower in the hole have been interpreted to be mineralization previously identified in the Burgin Extension deposit. The Burgin Extension was first intercepted at 470.15 meters (1542.5 feet) and contained 3 mineralized zones of 8.0 meters (26.1 feet), 9.75 meters (32 feet) and 14.3 meters (47 feet). 

The highest zone in the Burgin Extension of 8.0 meters was encountered from 470.1 to 478.1 meters of depth contained 130 g/T (3.8 opt) of silver, 10.2 % lead and 1.9% zinc. 

The 9.75-meter middle zone in the Burgin Extension was encountered from 480.4 to 490.7 meters. The average metal content over this zone was 452 g/T (13.2 opt) of silver, 9.2% lead and 4.8% zinc. A 4.25 meter (14-foot) high-grade intercept within the middle zone from 485.25 m to 489.5 m averaged 823 g/T (24 opt) of silver, 12.5% lead and 6.5% zinc. High grade intercepts over a 0.91 meter (3- foot) width, from 1599 feet to 1602 feet included results of 1370 g/T (40 opt) of silver, 7.7% lead and 6.5% zinc. Also included was a 1.22 meter (4-foot) intercept from 1602 feet to 1606 feet which contained 654.36 g/T (19.1 opt) silver, 15.3% lead and 11% zinc.

The deepest zone in the Burgin Extension was encountered from 493.2 to 507.5 meters, representing a 14.3-meter zone. The average grade over this zone was 339 g/T (9.9 opt) of silver, 7% lead and 6.3% zinc. Very high grade mineralization zones within the 14.33 meters (47-feet) of pay zone had intercepts of 0.91 meters (3-feet) between 1637.5 feet to 1640.5 feet, of 1240 g/T (36.2 opt) of silver, 62.47% lead and 7% zinc, a 1.07 meter, (3.5 foot) intercept between 1634 feet to 1637.5 feet, grading 1147.7 g/T (33.5 opt) silver, 6.4% lead and 4.3% zinc, a 0.91 meter (3- foot) intercept between 1645.5 feet to 1648.5 feet grading 438.5 g/T (12.8 opt) silver, 7.6% lead and 14.5% zinc and a 1.07 meter (3.5- foot) intercept between 1648.5 feet and 1652 feet grading 1019.5 g/T (29.5 opt) silver, 4.82% lead and 13.4% zinc.

HQ diamond drill holes C0902 and C0904 have also been completed with samples split and shipped to ALS-Chemex. Results from those holes have recently been received from the lab and will be released shortly after compilation by Andover. Hole C0901 is planned to be drilled in the spring of 2010. The four holes were designed to test the historic Burgin Extension deposit previously discovered and delineated by Sunshine Mining, Kennecott and Chief Consolidated.

The HQ core was split on site with a core splitter. Half of the core was retained on site and half was placed in sealed bags and shipped to the ALS-Chemex Labs facility in Elko, Nevada. Sample preparation and gold analyses were completed by ALS-Chemex in Elko while base metal and silver analyses were done by ALS-Chemex in North Vancouver, BC, Canada. A sample quality control/quality assurance program was implemented. 

All analytical data from C0903 is available for review on Andover's web site,, which can be found on the home page titled "Drill assay data for drill core DDH C0903".

This mineralization at the Burgin Extension zone is consistent with the 105 drill holes previously drilled by Sunshine, Kennecott and Chief that produced the feasibility study by Mine Development Associates of Reno, Nevada, in 2001 entitled: "UPDATE of 1988 Burgin Mine Feasibility Study". The study estimates, based upon the 105 holes drilled into the Burgin Extension deposit, a historic resource estimate (Pre-NI 43-101) of 1,482,000 tons averaging, 550 g/T (16.1 opt) of silver, 19.6% lead and 6.3% zinc for an estimated contained metal content of 23,873,321 ounces of silver, 582,537,148 lbs. of lead and 185,926,269 lbs. of zinc in the Burgin Extension deposit. This historic resource estimate was made prior to implementation of NI 43-101 and should not be relied upon.

The three "new" upper zones have not been previously noted by Andover geologists in review of reports and data from the historic work on the property. Core from the earlier drilling is available for examination and sampling, and the next phase of work at the Burgin will include such examination in hopes of confirming that these zones are present in the earlier drilling and perhaps were not noted or sampled due to a focus at the time on base metal rather than precious metal content. 

Mr. Gordon Blankstein; Chairman and CEO of Andover states, "the initial results of the drill program commenced at the Burgin Extension Deposit in 2009 have been consistent with expectations derived from the prior operators drilling results, and previously completed pre-NI 43-101-compliant feasibility studies. We're very excited to have discovered the new zones of ore-grade material which were previously not factored into the feasibility studies nor any previously completed economic assessments of the deposit. The drill program was situated in close proximity to the historical operations of the Burgin Mine and haul ways used by previous operators to access the ore body."

Technical information in this press release has been reviewed by David A. Hedderly-Smith, Ph.D., P.G. Dr. Hedderly-Smith is an advisor to Andover and a qualified person under the definitions established by National Instrument 43-101. 

For further information we invite you to visit us at

Signed "Gordon Blankstein"
CEO and Chairman

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, located in Alaska, USA.

*Feasibility studies on the mentioned properties have not been completed nor is there any certainty that any proposed operations will be viable. All resources and reserves included in this letter were estimated from historical sampling and drilling and were prepared prior to the creation of the CIM Standards on Mineral Resources and Reserves Definitions and Guidelines (the "CIM Standards").
As such, such historical estimates do not comply with the definitions as described in the CIM Standards or with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101"). Andover believes that the historical estimates are relevant to the extent they show potential mineralization on the properties, however, a qualified person has not done sufficient work to classify the historical estimates as current mineral resources or mineral reserves and Andover is not treating the historical estimates as current mineral resources or mineral reserves as defined in section 1.2 and 1.3 of NI 43-101, and therefore the historical estimates should not be relied upon.*

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

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