October 31, 2007
Vancouver, B.C. – Andover Ventures Inc. (“Andover” or the “Company”) (AOX-TSX:V) (R2X-Frankfurt Exchange) announces results from three additional drill holes completed during 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. Thirteen of Twenty completed drill holes have been released from the 2007 exploration season, including those released October 11, 2007 by Andover. The remaining assay results from the final seven drill holes will be released when assays are received.
These 3 holes were drilled on a fence 250 meters to the North of hole SUN 07-10, (holes SUN 07-12, SUN 07-13) and 500 meters, north for hole SUN 07-14. (Please see attached drill hole location map) These three holes were planned after a newly identified thickened zone was discovered in hole SUN 07-10. The upper zone in SUN 07-10 had an upper intercept of 10.94 meters (35.8 feet) of 2.34% Copper, 0.77% Lead, 5.98% Zinc, 68.1 gm/T Silver, 0.266 gm/T Gold and a lower 5.08 meter (16.7 feet) intercept of 4.34% Copper, 0.58% Lead, 2.76% Zinc, 99.1 gm/T Silver and 0.199 gm/T Gold. Drill hole, Sun 07-13, intercepted 37.01 meters (121.4 feet) that averaged 1.17% Copper, 1.85% Lead, 7.26% Zinc, 44.0gm/T Silver and .179g/T Gold. Highlights Included in SUN 07-13, was an 11.9 meter (39 feet) intercept grading 1.07% Copper, 5.38% Lead, 16.54% Zinc, 86.6 gm/T Silver and .210 g/T Gold.
Copper, Lead, Zinc, Silver and Gold analysis for the mineralized intercepts received from Alaska Assay Labs in Fairbanks, Alaska are included in the table below.
| Hole No. |
From
(m) |
to (m) |
Thickness
(m) |
Cu (%) |
Pb (%) |
Zn (%) |
Ag
(gm/T) |
Au
(gm/T) |
| Sun07-12 |
114.55 |
146.97 |
32.42 |
1.04 |
0.80 |
2.83 |
81.2 |
0.261 |
| Includes |
114.55 |
119.80 |
5.25 |
1.94 |
1.91 |
6.52 |
194.0 |
0.391 |
| Includes |
123.53 |
124.17 |
0.64 |
1.10 |
6.54 |
9.30 |
628.6 |
2.360 |
| Includes |
133.00 |
146.97 |
13.97 |
1.61 |
0.90 |
3.65 |
82.4 |
0.317 |
| Sun07-13 |
71.44 |
108.45 |
37.01 |
1.17 |
1.85 |
7.26 |
44.0 |
0.179 |
| Includes |
72.10 |
84.00 |
11.90 |
1.07 |
5.38 |
16.54 |
86.6 |
0.210 |
| Includes |
84.00 |
94.40 |
10.40 |
2.11 |
0.31 |
6.28 |
41.9 |
0.322 |
| Includes |
104.9 |
108.45 |
3.55 |
0.98 |
0.08 |
0.52 |
9.9 |
0.660 |
| And |
139.33 |
141.00 |
1.67 |
1.41 |
1.59 |
5.93 |
73.8 |
0.162 |
| Sun07-14 |
38.43 |
40.64 |
2.21 |
3.53 |
0.50 |
1.48 |
47.7 |
0.138 |
| And |
52.00 |
82.20 |
30.20 |
1.06 |
0.69 |
2.03 |
43.0 |
0.344 |
| Includes |
52.00 |
59.20 |
7.20 |
1.68 |
2.64 |
5.53 |
156.5 |
1.188 |
| Includes |
67.70 |
74.00 |
6.30 |
0.99 |
0.12 |
1.86 |
10.4 |
0.115 |
| Includes |
78.64 |
82.20 |
3.56 |
2.61 |
0.19 |
2.34 |
25.1 |
0.153 |
These holes were drilled at angles to be relatively perpendicular to bedding however the mineralized intervals could be 15 to 30% wider than true thickness.
Core samples were sawed in half, and the core 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, B.C. 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 over-limit results are received.
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 included a 300 meter extension of the main Sun deposit to the north towards the Picnic Creek area. I’m very encouraged with the newly identified thickened zone discovered during this phase of our drill program.”
Andover wishes to announce that Mr. Brian Mountford, P.Eng, C Eng., has agreed to join the Company’s Board of Directors.
Mr. Brian Mountford P.Eng., C Eng., is a mining engineer with both National and International mining experience. He has been involved as Principal and/or Manager of several projects that went from initial exploration through to operating mines. He has expertise in all technical facets of mine development along withcorporate and financial acumen.
The contents of this release were prepared by Bill Ellis, Manager of the Sun Project and qualified person as defined by National Instrument 43-101.
Andover’s website - www.andoverventures.com.
ON BEHALF OF THE BOARD
Signed “Robert Gardner”
Robert Gardner
Chairman of the Board
FOR FURTHER INFORMATION PLEASE CONTACT:
Investor Relations: Richard Martens
Telephone: 1-604-682-2168
Int’l Toll Free: 1-800-266-4484
Facsimile: 1-604-682-2169
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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