Andover Ventures Given C$1.29 Price Target

   Andover Ventures, Inc. (TSX-V: AOX) (PINKSHEETS: AOVTF) a precious and base metals exploration and development company, has been given a 'Speculative Buy' Rating and a C$1.29 price target by RedChip Research. (http://redchip.com/files/redchipReports/AOX_20111101_Initial%20Report.pdf)

Andover's main assets are in areas that some of the world's largest mining outfits already have a stake in. The East Tintic Mining District is located just south of Rio Tinto's (NYSE: RIO) Big Hill Property in Utah and junior mining company Inspiration Mining Corp's (TSX: ISM) property. Andover's other properties in The Ambler Mining District in Alaska has Novagold (NYSE Amex: NG) who has invested heavily in the area.

Andover has near-term gold and silver production which it expects to have online by the end of this year. This will help the company take advantage in the price increase precious metals have gained over the last year.

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