Andover Ventures Inc.: Kennecott has Commenced Drilling on Big Hill Prospect, Utah, USA
17 8월 2011 - 10:00PM
Marketwired
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.
Contacts: Andover Ventures Inc. Richard Martens Investor
Relations 1-604-682-2168 or Int'l Toll Free: 1-800-266-4484
www.andoverventures.com
(TSXV:AOX)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024
(TSXV:AOX)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024