Andover Ventures Inc.
TSX VENTURE : AOX
OTC Bulletin Board : AOVTF
FRANKFURT : R2X

Andover Ventures Inc.

August 12, 2011 09:00 ET

Andover Announces Assay Results From Three Discovery Holes on the S.W. Sun "VMS" Target

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 12, 2011) - Andover Ventures Inc. ("Andover" or the "Company") (TSX VENTURE:AOX)(OTCBB:AOVTF)(FRANKFURT:R2X) is pleased to announce the assay results from three (3) exploration drill holes from the 2011 drilling program drilled into the S.W. Sun target, located in the Ambler Mining District, Northwest, Alaska. All three drill holes encountered volcanogenic massive sulfide mineralization ("VMS") and have intersected the S.W. Sun over a strike length of approximately 0.5 kilometers. This new target is open down-dip and to the southwest. Drill holes Sun11-25, Sun11-26 and Sun11-27 were completed in June and July, 2011 at depths of 242.9, 285.9 and 214.3 meters, respectively. Assay results from drill holes Sun11-23A and Sun11-24 were reported in a previous news release. (see Andover's news release dated July 27th, 2011.)

The 2011 drill core was split on site by Company staff and sent for assay to ALS Minerals located in Vancouver, British Columbia, Canada. The core was analyzed for a 30 element ICP-AA analysis with gold and silver fire assayed with an AA finish. Base metal over limits were wet assayed. Blanks and standards were inserted with each sample shipment.

The assay results from selected intercepts from drill holes Sun11-25 and Sun11-26 are shown in the following table:

Drill Hole From
(m)
To
(m)
Interval
(m)
True
Thickness (m)
Cu % Pb % Zn % Ag g/T Au g/T
Sun11-25 155.00 159.00 4.00 3.86 1.13 1.27 4.88 46.3 0.229
Sun11-25 174.00 180.00 6.00 5.64 0.67 0.06 0.26 4.7 0.117
Sun11-26 228.00 237.30 9.30 7.12 0.41 1.57 4.79 164.2 0.248
Including 232.85 237.30 4.45 3.41 0.48 2.18 5.11 304.6 0.395

Drill holes Sun11-25 and Sun11-26 were drilled from the same platform at angles of -60º and -82º, respectively. The two holes succeeded in extending the known volcanogenic massive sulfide (VMS) mineralization for 300 meters toward the southwest at the S.W. Sun target area. VMS mineralization at S.W. Sun now extends for at least 500 meters along strike. In addition the favorable "white schist" package of rocks have been mapped for 9.5 km to the west of the currently known S.W. Sun target. This area of "white schist" is untested by drilling.

Drill hole Sun11-27 was also drilled in the S.W. Sun target approximately 500 meters northeast of holes Sun11-25 and Sun11-26 to confirm historic drill results and to test the down dip extension of the S.W. Sun. Assay results from selected intercepts from Sun11-27 are tabulated below:

Drill Hole From
(m)
To
(m)
Interval
(m)
True
Thickness (m)
Cu % Pb % Zn % Ag g/T Au g/T
Sun11-27 159.00 164.00 5.00 3.58 2.10 0.35 1.23 231.1 0.619
Including 159.00 160.60 1.60 1.15 6.08 1.08 3.81 692.9 1.792
Sun11-27 210.00 210.50 0.50 0.36 8.10 1.08 4.57 43.2 0.049

Bradley C. Peek, Andover's General Manager for the Sun Project states, "We are very pleased with the results of the 2011 drilling. We were successful in proving the S.W. Sun to be another exciting new VMS target for future exploration. The higher silver values we are now seeing at S.W. Sun are very encouraging."

Larry Segerstrom, Andover's Chief Operating Officer stated, "We are very pleased with these results from the S.W. Sun exploratory program. We look forward to the 2012 drill program where we will continue to step out and test this deposit down-dip and to the southwest where it is open on strike."

With the completion of the 2011 drill program, 76 holes (approximately 49,000 feet) have been drilled on the property. Andover drilled 27 of these holes; the others were done by previous operators, including Anaconda, Noranda, Sunshine Mining Company, Cominco and Bear Creek Mining Company.

The above news release has been reviewed by Bradley C. Peek, Certified Professional Geologist (AIPG CPG-11299) and General Manager for the Sun Project for Andover Ventures. Mr. Peek 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 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.

Contact Information

  • Andover Ventures Inc.
    Richard Martens
    Investor Relations
    1-604-682-2168 or Int'l Toll Free: 1-800-266-4484
    www.andoverventures.com