VANCOUVER, BRITISH COLUMBIA--(Marketwire -01/25/12)- Andover Mining Corp. ("Andover" or the "Company") (TSX-V: AOX.V - News)(OTC.BB: AOVTF.PK - News)(Frankfurt: R2X.F - News) is pleased to outline the 2012 work program for the SUN project, the Company's 100% owned copper-silver-lead-zinc-gold VMS (volcanogenic massive sulfide) prospect in the Ambler Mining District of Alaska, USA.
Andover has signed a contract with Core One Drilling Inc. ("Core One") of Delta, Colorado, to provide two drill rigs for the 2012 drill season. One rig will drill NQ2 diameter core focused at the Main SUN and S.W. SUN Deposits. The second drill, a man portable drill, will drill BTW core on some of the Company's exploration targets. Core One expects to mobilize to the SUN project in late May 2012. The 2012 program has a preliminary budget of approximately $3.5 million USD and is anticipated to run from May until September 2012.
The 2012 SUN drilling program with the NQ2 core drill will be an estimated 21 hole, 19,000 foot, drill program designed to further extend and delineate the Main SUN Deposit and to extend and further test the S.W. SUN Deposit. The Main SUN Deposit and the S.W. SUN Deposits have had 76 drill holes or approximately 49,000 feet of historic drilling. Andover drilled 27 of these 76 holes; the other drill holes were done by previous operators, including Anaconda, Noranda, Sunshine Mining Company, Cominco and Bear Creek Mining Company, (Kennecott/Rio Tinto). In this 2012 exploration program, the Main SUN Deposit will have an expected additional 16 drill holes totaling approximately 15,000 feet, and the S.W. SUN Deposit will have an additional 5 drill holes totaling approximately 4,000 feet. Drilling priorities may change as the season progresses and drilling results are received.
The results of our 2012 drilling program at the SUN Deposit and S.W. SUN Deposit are expected to add substantial resources to the property's resource base.
The Company will utilize a man-portable drill capable of drilling BTW core to a depth of approximately 490 feet. This drill will be used to conduct exploration drilling on the 16 kilometers of strike length that has yet to be drill tested by Andover Mining Corp. The Picnic Creek area located to the North of the Main SUN Deposit will also be tested by this drill program. The man-portable drill is estimated to drill approximately 700 - 800 feet per week.
Planning for the 2012 drill locations at the Main SUN Deposit and S.W. SUN Deposit were done by Andover's management and Mine Development Associates ("MDA") of Reno, Nevada, to maximize projected results. Previous drill assays, logs and data were analyzed and deposit modeling was performed using past drill holes completed by Andover, Anaconda, Cominco, Sunshine and Noranda. This preparatory work will enable the Company to more effectively locate the drill holes for the 2012 drill season and allow MDA to complete a new resource calculation for the Main SUN Deposit following the completion and analysis of the results from the 2012 drill season.
John Spencer has been retained to perform the duties of Camp Manager and to provide the mobilization for Andover in 2012. This work will include:
-- restore and refurbish as needed at the SUN camp after the winter
-- move all camp supplies and personnel to and from camp
-- mobilize fuel for the helicopter and fixed-wing aircraft
-- supervise the mobilization and demobilization of drills and drilling
-- maintenance of the camp's 1500 foot airstrip
-- fixed wing aircraft support through out the 2012 program.
Andover maintains a 25-man camp at the SUN project consisting of living quarters, a core logging facility, geological office, mess facility, shower and laundry facilities, generator, tool storage and indoor and outdoor core storage.
The 2012 program at SUN will be performed under the supervision of Mr. Bradley C. Peek, MSc, CPG, the Company's General Manager for the SUN Project.
Andover Mining Corp. is a precious and base metal exploration and development company, headquartered in Vancouver, British Columbia, Canada. Andover's holdings are located in the polymetallic rich Ambler Mining District, Alaska, USA and the historic East Tintic Mining District, Utah, USA.
For further information we invite you to visit us at www.andovermining.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.
Andover Mining Corp.
1-604-682-2168 or Int'l Toll Free: 1-800-266-4484