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

Andover Ventures Inc.

August 17, 2011 09:00 ET

Andover Ventures Inc.: Kennecott has Commenced Drilling on Big Hill Prospect, Utah, USA

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 17, 2011) - Andover Ventures Inc. ("Andover") (TSX VENTURE:AOX)(OTCBB:AOVTF)(FRANKFURT:R2X) announces today that Kennecott Exploration Company ("Kennecott"), a division of Rio Tinto plc, has notified Chief Consolidated Mining Company ("Chief") (78.5% controlled by Andover) that it has completed the drill site construction, has mobilized the drilling team and has commenced drilling on the Big Hill porphyry (copper-gold-molybdenum) project located in the East Tintic District, Utah, USA. Boart Longyear will be drilling for Kennecott on the project.

Under the terms of the agreement, Kennecott may earn a 51% interest in the Big Hill project by completing a Pre-feasibility Study or incurring $20,000,000 in expenditures, whichever occurs first, and an additional 4% interest by funding all project costs until delivery of a Feasibility Study accepted by Rio Tinto plc. Chief is carried on 45% interest until the completion of the Feasibility Study.

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