Andover Ventures Inc.
TSX VENTURE : AOX
FRANKFURT : R2X

Andover Ventures Inc.

September 10, 2007 12:04 ET

Andover Provides Progress Report on 2007 Field Work/Drill Programs

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 10, 2007) - ANDOVER VENTURES INC. ("Andover" or the "Company") (TSX VENTURE:AOX)(FRANKFURT:R2X) today announces progress achieved through August, 2007, on its Alaskan projects including the Sun VMS (volcanogenic massive sulfide) deposit in the Brooks Range of northwestern Alaska, the Bulk Gold hard-rock gold prospect near Nome, the several properties optioned from Bristol Bay Native Corporation in the Iliamna Lake region of southwestern Alaska, including the KUY gold-copper property, and the Kamishak copper-gold deposit which is also south of Iliamna Lake.

Sun -

The Sun property in the Ambler Mining District of northwestern Alaska is owned 100% by Andover (see AOX News, April 17, 2007) and is the Company's flagship property. 2007 work at Sun to date includes the installation of a new 20-man camp with a 1500-foot airstrip, completed in May, geochemical sampling along the strike of the mineralization at Sun and over 2000 meters of diamond drilling.

Over 760 soil and rock chip samples were collected in June and July. Soil samples were taken generally at 25-meter stations on lines roughly perpendicular to the mineralized trend; multi-station, multi-element base metal anomalies ranged up to greater than 400 ppm Cu, greater than 300 ppm Pb and greater than 450 ppm Zn. These anomalies extend the mineralized trend another three kilometers to the west of the "SW Sun" area, which itself is some two kilometers southwest of the northern edge of the "Main Sun" deposit which contains the historic resources previously reported by Andover (see AOX News, April 17, 2007 & May 1, 2007). While no detailed analysis of the soil geochemistry has yet been performed, anomalies of arsenic and barium associated with the base metal anomalies suggest potential for these two elements as "path-finders" for precious metal mineralization associated with the base metals at Sun. A detailed analysis of the soil geochemistry and in conjunction with mapped geology will be performed at the end of the drill season.

Two drills are currently active at Sun. The first drill started coring on June 19th and the second on August 20th. As of August 31st, ten NQ2 drill holes had been completed totaling 2084 meters (6837 feet). This drilling in the first phase of Andover's 2007 program was all in the Main Sun area and was designed to confirm drill results from some of the 38 historic holes on the property and to "step-out" down dip in the Main Sun area. Of the ten drill holes, seven intersected significant 3 to 12.5 meter (9.8 to 41 feet) thick massive sulfide zones. As of August 31 all but the last hole's mineralized zone had been submitted to the laboratory and results will be released when all assays have been received and correlated.

The drill program will continue until freeze-up - anticipated in early October or possibly late September, and weather permitting the Company expects to complete its previously announced 5,000 meter program for the Main Sun area this year.

An airborne geophysical program over the mineralized trend at Sun (including the Main Sun area, the SW Sun area, the areas of geochemical anomalies identified in this summer's work, and projections of the mineralized trend further to the west in Andover's 7,250 hectare (17,920 acre) claim block) is planned for this fall or winter. Anticipated drilling early in the 2008 season will include holes in the SW Sun area where historic drilling by The Anaconda Company in the 1970s and 1980s hit several mineralized intercepts.

Bulk Gold -

The Bulk Gold property is held 100% by Andover (see AOX News, August 15, 2006). The 2007 work at Andover's Bulk Gold prospect near Nome focused on core drilling. Seven HQ holes totaled some 650 meters (2000 feet) at the prospect. BG-07-01 was drilled to test the down-dip potential of the old Hed & Strand vein. BG-07-05 and BG-07-07 were drilled to test the +1600 meter (+5000 foot) long Dorothy Creek soil anomaly and spaced approximately 1000 meters (3000 feet) apart. Only partial analytical results have been returned by the lab to date. BG-07-05 contained a 14.6 meter (48-foot) intercept of 1.02 gm/T and BG-07-07 a 10.5 meter (34.6-foot) intercept of 0.59 gm/T.

BBNC Properties -

Andover has several properties in the Iliamna Lake region of southwestern Alaska (near Northern Dynasty's Pebble project) under option from Bristol Bay Native Corporation (see AOX News, August 24, 2006). These properties are held in a joint-venture with NPN Investment Group (see AOX News, July 31, 2007).

Historic drill core from the Kemuk PGM prospect north of Iliamna Lake was re-logged and analyzed during the spring of 2007. Kemuk was initially explored as an iron deposit, but historic core drilling discovered a mafic intrusive from which analyses had detected significant PGM anomalies. The 2007 sampling of the historic core included an additional 344 samples totaling 2,920 meters (6,300 feet). While additional anomalies were found, no significant PGM mineralized zones were detected.

Three additional claim blocks north of Iliamna Lake, each comprised of thirty-six 160-acre State of Alaska Mining claims (2330 total hectares (6,760 acres) each), are also included in the BBNC option. Andover conducted first-pass geologic and geochemical examination of each of these claim blocks. Work at the Samuelsen prospect located an unmapped rhyolite dike but found little hydrothermal alteration. No anomalous gold values were detected in preliminary geochemical sampling. Work at the Chilikat West and Chilikat East prospects found geology permissive of porphyry copper-gold mineralization. Scattered gold anomalies were detected on each property, but complete geochemical results from these two blocks are still pending. Between the three blocks 542 samples were collected in July of 2007.

Located adjacent to and immediately southeast of the Chilikat East prospect is Andover's Koksetna prospect (also part of the Andover/BBNC agreement) which the Company staked in the fall of 2006 on an alteration zone discovered by The Anaconda Company in the 1980s. No work was performed at Koksetna in 2007.

The bulk of Andover's effort on the lands involved in the Andover/BBNC agreement in 2007 was at the KUY prospect located south of Iliamna Lake. In addition to IP and resistivity surveying previously reported (see AOX News, August 13, 2007), four BTW holes totaling 793 meters (2602 feet) were drilled at KUY in August with holes KUY-08-07 and KUY-09-07 encountering significant clay (kaolinite?) alteration with up to 15% sulfides. Silica flooding and quartz stockwork were common throughout the two holes though more abundant in 08. Mineralization, though primarily pyrite, included zones of chalcopyrite both disseminated and in veinlets within the altered dacitic rocks. Analyses of the core from the KUY drilling is currently pending.

No work was done in 2007 at the Fog copper-gold property, also south of Iliamna Lake, that is also part of the Andover/BBNC agreement.

Kamishak -

The Kamishak copper-gold prospect, also south of Iliamna Lake, is a joint venture between Andover and Full Metal Minerals (see AOX News, April 3, 2006). 2007 work at Kamishak included an IP survey consisting of 6.3 kilometers in three reconnaissance lines across the known mineralized area and in adjacent areas where geochemical anomalies were detected in 2006 stream sediment and soil sampling. While the response in the known mineralized area was only modest, strong, relatively shallow chargeability and resistivity anomalies were detected in adjacent area - most notably along the hillside north of the area of the previous drilling.

Michael England, President of Andover comments, "We are very encouraged by Andover's progress this summer, especially on our flagship - Sun Property. The results to date have exceeded what our summer work program was designed to define and prove. With anticipation we wait now for the pending assay results." As assay results are received by the company they will be released on a timely basis.

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

For further information we invite you to visit us at www.andoverventures.com.

ON BEHALF OF THE BOARD

Michael England, President

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)
    Website: www.andoverventures.com