Aim Res. Share Discussion Threads

[j4kes] 21/10/2008 13:37

Bloody hell, I might start stockpiling Zinc if it gets much lower, my garden aint that big but it goes up along way!!!

[sagem] 18/10/2008 16:38

hoggar - ..Well we will just have to watch the share price go up in OZ which might even be better than AIM market..ALSO.........
This could be huge potential for AIM RESOURCES ....are we/them overlooking the potential of this company.................
COULD THIS COMPANY BE THE GEM OF A LIFETIME A POSSIBILITY.

Located in west central Zambia and lying within known mineralised iron oxide copper-gold (IOCG) terrain, the Mumbwa Copper-Gold Project licence area is some 5,200km² in extent. Containing a large IOCG mineralisation system with anomalous uranium, comparisons have inevitably been made between this deposit and Australia's legendary world-class Olympic Dam.
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Chairman Vic Bradley said, "We are very pleased that Nicki has agreed to join the Board. The Directors believe that with her knowledge, experience and expertise, Nicki will make an important contribution as we move into a new era and change the face of AIM Resources. Nicki's appointment is in-line with other changes to progress towards best practice in Corporate Governance and Strategic Management".
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MOVE INTO A NEW ERA AND CHANGE THE FACE OF AIM RESOURCES,I WONDER JUST WHAT THAT STATEMENT MEANS AND JUST HOW WILL THAT BE CARRIED OUT I WONDER

[hoggar] 18/10/2008 09:17

It must surely be the next step for the company. Duel listing is very expensive for any company, let alone a company heading for the out door.

The fact is there are no buyers for this stock on the aim market and it cost the company over £130k to maintain a trading platform here. Many other duel listed companies will also remove themselves from this market in due course.

[sagem] 18/10/2008 08:47

Found this mentioned on an OZ BULLETIN BOARD has any body heard anything about this ;-

Aim de-listing on LSE and a share dilution of 1/10?

[sagem] 17/10/2008 14:36

SOME INTEREST AND WORTH READING....TO KNOW IS TO BELIEVE........




=========THIS IS THE INTERESTING BIT TO KNOW ABOUT===========
Containing a large IOCG mineralisation system with anomalous uranium, comparisons have inevitably been made between this deposit and Australia's legendary world-class Olympic Dam.WOW....WOW
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Mumbwa Copper Gold Mine, Zambia
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key facts
Key Data
Producer of
Copper and gold
Location
West central Zambia
Licence area
5,200km²
Ownership
AIM Resources/BHP Billiton JV
Geology type
Clastic and carbonate sediments of the Kundelungu Group of the late Proterozoic Katanga Sequence
Mineral type
Iron oxide copper gold (IOCG) deposit
Drilling results (Kitumba ridge anomaly)
0.6% copper and 0.11g/t gold
Full specifications

Located in west central Zambia and lying within known mineralised iron oxide copper-gold (IOCG) terrain, the Mumbwa Copper-Gold Project licence area is some 5,200km² in extent. Containing a large IOCG mineralisation system with anomalous uranium, comparisons have inevitably been made between this deposit and Australia's legendary world-class Olympic Dam.

The project is a BHP Billiton/AIM Resources joint venture – AIM earning a 70% interest with a budget of $1.5m being spent on the scheme during 2006/07.
"Over 5,500m² of diamond drilling was originally planned and phase 1 was completed by the end of February 2007."

A major drilling campaign was begun in mid-2006. Over 5,500m² of diamond drilling was originally planned and phase 1 was completed by the end of February 2007. The drilling targets themselves were defined by in-depth 3D geophysical interpretation of Falcon data; the programme comprised eight holes at a vertical depth of around 500m to investigate geophysical targets suggested by the preliminary integrated datasets. A total of 23 exploration targets were identified by the Falcon survey.

GEOLOGY

The mineralisation is associated with large-scale and highly variable magmatic-hydrothermal iron oxide breccia complexes, which themselves exhibit signs of multiple brecciation.

Clastic and carbonate sediments of the Kundelungu Group of the late Proterozoic Katanga Sequence underlie most of the area, with peripheral granite of the Kafue Hook batholith – intruded into the Katangan sediments during tectonic activity – underlying the western reaches.

In addition, the Katangan sedimentary rocks have undergone complex deformations, metamorphosing to form lower greenschist facies, while adjacent to the post-tectonic granitic rocks, higher grade contact metamorphism and skarn formation has taken place.

EXPLORATION

Billiton explored Mumbwa during the mid to late 1990s, finding geological, textural and geophysical data supporting the presence of intensive leaching and oxidation of the upper portions, particularly in areas where the extent of silicification is weak. A large and potentially supergene-enriched zone at the base of the oxidised zone was suggested by the geophysical and geological data.

To help ensure effective placement of the drill holes, AIM commissioned a Falcon geophysical survey, covering an area roughly 50km x 40km, to collect high-resolution gravity, magnetic and radiometric data. The magnetic and radiometric data allows for an improved identification and structural analysis of lithological units, while gravity data can help to identify mineralisation associated with iron alteration.

Drawing on the expertise of BHP Billiton and their SolidEarth software, AIM was able to obtain a direct 3D inversion of the gravity gradient, magnetic and radiometric data from the survey and subsequently analyse it for anomalies. Inverting the data on a 100m lateral and 25m vertical resolution and extending the models to 2km below the surface, dense bodies lying adjacent to the magnetic zones detected appear as valid targets, since magnetic anomalies can indicate the presence of IOCG mineralisation.

Those detected were then ranked on the basis of their related vertical gravity gradient signal amplitude as well as anomalous uranium signatures, leading to the identification of a total of 23 potential drilling targets.

DRILLING CAMPAIGN

This analysis ultimately led to 11 high-priority targets being distinguished, with eight being examined in the first round of drilling. Although the remaining three holes were made, two of them were abandoned – the targeted anomaly having yielded disappointing results – and poor progress stopped the conclusion of the third before heavy seasonal rain forced the suspension of the programme.

Drilling was initially focused on the Kitumba region, where work by BHP Billiton had previously revealed significant levels of mineralisation within eight of nine drill-holes, over a strike length 6km in extent.
"Drilling was initially focused on the Kitumba region, where work by BHP Billiton previously revealed significant levels of mineralisation."

A major feature, some 800m across and running for nearly 2.5km along an exposed ridge at Kitumba – corresponding with a strong uranium anomaly – forms one of the key drill targets.

Largely untested in previous drillings, where the KD3 drill-hole did intersect its far north edge at 60m, it revealed 0.6% copper and 0.11g/t gold. In addition, targets in the Mutoya and Worm regions also underwent first-pass drilling.

The outcome indicated the presence of significant mineral deposits within the target area, with seven of the holes yielding results in line with the historical findings from the earlier work.

The eighth hole – drill-hole S36 – at a total depth of nearly 700m and an inclination of 70° investigated the Kitumba ridge feature and intersected a considerable depth of mineralisation over most of its length, with higher-grade mineralisation in discrete regions.

S36 intersected variably altered syenite, quartz porphry and hematite breccias, with green copper phosphate being present from a depth of 172m to 305m and some thin veins of pyrite chalcopyrite occurring from depth of 280m. In addition, massive hematite replacement – with abundant pyrite and trace amounts of chalcopyrite – was also intersected from 640m to the end of the drill-hole.

THE FUTURE

A second phase of drilling is planned to explore further targets, with MSA GeoServices supervising the drilling of 15 additional cored holes – over 10,000m – to collect approximately 4,000 samples.


Expand Image Expand Image
The Geology of Zambia; the Mumbwa project lies within known mineralised iron oxide copper-gold terrain.


Expand Image Expand Image
Mumbwa location map.


Expand Image Expand Image
1890s historical relief map of the Katanga mines; most of the area around Mumbwa lies above sediments of the Katanga sequence.

[sagem] 17/10/2008 14:12

TAKEN FROM OZ BULLETIN BOARD DOES THIS MEAN ANYTHING TO ANYBODY ;-


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Sth West corner of the anomaly.

Interesting in that there are multiple low grade hits in this one.Not as consistent as S36 001 but it still gives hope that as one moves up and east towards 001 it could get more consistent.

Dont forget this is over 2Km's long.

Hope yet Aimers.Id say the share price might move a tad prior if theres aqnything better as they get closer to 001.

I wonder how they plan to release the holes?

Across and up

Straight up

Random

Order of drilling perhaps.

[dcroston] 17/10/2008 13:17

Sagem, you would be better advised to put your AIM shares in the bottom draw and come back and take a look in 6 month to a years time and see if things are looking any rosier instead of posting comments on here that no one really cares about at the moment......that would be my advice to you anyway.

I will say this, drill results don't look too shabby but nobody much cares about anything metal these days and certainly not companies that arent producing anything.

If the zinc price strengthens in the next year back above $100 or so and fuel costs stay low then it could well be a good time to start looking at Aim resources again, until such time i'm afraid its just another explorer spending money and not making any.

[control1] 17/10/2008 13:14

Anyone any good at interpreting these figures cos I can't!

[sagem] 17/10/2008 10:47

igohi ...Well at least I am trying to stay positive....what is happening to AIMR is very good considering the state of the markets/economy so stop being all gloom and doom and show some positiveness instead. They WERE buying in OZ and that is more than what is happening here.

[igohi] 17/10/2008 10:13

sagem - please stop your drivel. what do you mean there is lots of buying in OZ?
how many buys have there been. i see a total of 1.1 million shares traded. that amounts to about $17,000aus. about £6,800 in total. that's buys and sells for the whole day.
take your head from out of the sand

[sagem] 17/10/2008 10:13

PERHAPS THIS IS WHY THEY WERE BUYING IN OZ

RNS Number : 0869G
AIM Resources Limited
17 October 2008

AIM RESOURCES LIMITED

17 OCTOBER 2008

MUMBWA DRILLING RESULTS

AIM Resources Limited ("the Company", ASX: AIM, AIM: AIMR) is pleased to provide the
following assay results from the current Phase 3
drilling program being completed on the Mumbwa Joint Venture Project in Zambia.
The Company received results for hole S36-014, and drill interpreted intersections are
presented below.
These intersections represent drilled thickness and are calculated based on "cut off"
grades of 0.25% copper (Cu) and 0.25g/t gold (Au).

True width intersections were not quoted in these results as additional interpretation is
required to correlate data from adjacent drill
holes.

Summary of Results for drillhole S36-014

· 2 metres @ 0.38 % Cu between 85 to 87 metres.
· 1 metre @ 0.65 % Cu between 118 to 119 metres.
· 6 metres @ 0.95 % Cu between 154 to 160 metres,
including 3 metres @ 1.57 % Cu between 157 to 160 metres.
· 33 metres @ 0.43 % Cu between 224 to 257 metres,
including 2 metres @ 0.49 % Cu between 224 to 226 metres,
and 2 metres @ 0.47 % Cu between 231 to 233 metres,
and 15 metres @ 0.65 % Cu between 242 to 257 metres,
and 1 metre @ 1.21 % Cu between 243 to 244 metres,
and 1 metre @ 1.02 % Cu between 252 to 253 metres.
· 9 metres @ 0.60 % Cu between 263 to 272 metres,
including 5 metres @ 0.85 % Cu between 267 to 272 metres,
and 1 metre @ 2.69 % Cu between 270 to 271 metres.
· 3 metres @ 0.35 % Cu between 278 to 281 metres.
· 7 metres @ 0.38 % Cu between 309 to 316 metres,
including 2 metres @ 0.67 % Cu between 310 to 312 metres.
· 39 metres @ 0.51 % Cu between 329 to 368 metres,
including 1 metre @ 1.04% Cu between 329 to 330 metres,
and 1 metre @ 1.31 % Cu between 339 to 340 metres,
and 2 metres @ 1.04 % Cu between 346 to 348 metres,
and 1 metre @ 1.02 % Cu between 350 to 351 metres,
and 1 metre @ 1.06 % Cu between 353 to 354 metres,
and 2 metres @ 0.74 % Cu between 358 to 360 metres,
and 2 metres @ 0.76 % Cu between 366 to 368 metres.
· 18 metres @ 0.44 % Cu between 372 to 390 metres,
including 4 metres @ 0.97% Cu between 380 to 384 metres,
and 1 metre @ 1.01% Cu between 389 to 390 metres.
· 3 metres @ 0.26 % Cu between 402 to 405 metres.
· 2 metres @ 0.61 % Cu between 423 to 425 metres.
· 4 metres @ 0.29 % Cu between 431 to 435 metres.
· 3 metres @ 0.28 % Cu between 462 to 465 metres.
· 2 metres @ 0.38 % Cu between 468 to 470 metres.
· 3 metres @ 0.32 % Cu between 528 to 531 metres.

Drillhole S36-014 is located on the western side of the target area, and situated
approximately 350 metres south from hole S36-001,
drilled in 2007 during the previous Phase 2 program.
S36-014 was drilled at an angle of 70 degrees towards the east (090 degrees), for an end
of hole depth totalling 594 meters. A total of
568 samples of drill core were submitted for preparation and analysis by AH Knight Group of
laboratories.
Diagrams and Table of Results from hole S36-014 are available on www.aimresources.com.au,
which provides a drill hole location plan,
cross section and details of all sample intervals for hole S36-014.

ATTRIBUTION The information in this report which relates to Exploration
Results at the Mumbwa JV Project has been reviewed and approved
for release by Mr Michael J Robertson, MSc, Pr.Sci.Nat., MSAIMM
who has 20 years experience in mineral exploration, and who is a
full-time employee of MSA Geoservices, and has sufficient
experience in relation to the style of mineralisation and type
of deposit under consideration to qualify as a Competent Person
as defined by the "Australasian Code for Reporting of
Exploration Results, Mineral Resources and Ore Reserves" (The
JORC Code 2004 Edition) and as a Qualified Person under the AIM
Rules. Mr Robertson has consented to inclusion of this
information in the form and context in which it appears.

Note:
Gold and copper assays are performed by ISO/17025 accredited Alaska Assay Laboratories (a
Member of the Alfred H. Knight Group) in
Alaska, using hot aqua regia atomic absorption spectroscopic (AAS) analyses for copper and
conventional fire assay procedures with AAS
finish on 30g aliquots for gold. Multi-element inductively coupled plasma mass spectroscopic
(ICP-MS) analyses are currently subcontracted
to ACME Analytical Laboratories Ltd in Vancouver.

A Quality Assurance/Quality Control (QA/QC) program forms part of the drilling, sampling
and assay program on the Mumbwa Project. This
program includes chain of custody protocol as well as systematic submittal of certified
reference materials, duplicates and blank samples
into the flow of samples produced by the drilling.

Should you require further information please contact:

Scott Lowe
Managing Director
Ph: + 61 2 9357 9000

Fiona Owen
Grant Thornton UK LLP
Ph: [phone]



www.aimresources.com.au


This information is provided by RNS
The company news service from the London Stock Exchange

END

DRLMRBPTMMJBMPP

[sagem] 17/10/2008 08:01

A lot of buying going on in OZ.....DO THEY KNOW SOMETHING WE DONT

[control1] 16/10/2008 08:07

SAGEM, you keep saying this but we never see anything happen here plus, have you seen the carnage going on again?!

[sagem] 15/10/2008 07:33

UP 6.7% IN OZ overnight could be a good plus for us today.

[control1] 14/10/2008 22:49

Yeah, but when is anything likely to happen, not in the near future I presume?

[sagem] 14/10/2008 07:57

Could be the bargain of the year....They still have all the same minerals and expectations that they had when the share price was about 17p....that was the valuation about 2 years ago from memory.

[sagem] 13/10/2008 07:32

UP 7.1% IN OZ could help us today

[cinoib] 10/10/2008 20:00

Tyler,
A Roy Orbisen song comes to mind. In Dreams, that's what you are in as this can't fall any further other than out of bed all togetherfrom the high teens to worthless. Keep dreaming.

[tyler90] 10/10/2008 09:36

Just been going thru' the bb's.

One thing u can say about AIMR is that it has been steady whilst all around have been falling like leafs! LOL!

[cinoib] 10/10/2008 09:30

could do with some paper to light the fire with anyone want to get rid of their worthless paper.
It's not over yet suggest you all dump everthing and buy gold bars untill the dust settles at least you can't burn it but you can barter with it.

[sagem] 10/10/2008 07:46

They are saying in OZ that AIM RESOURCES the value of this company is less than cash in the bank at current share price. MUST BE A BUY

[igohi] 09/10/2008 09:41

wait... that's a whole £1250!!
quick- everybody pile in!!

[j4kes] 08/10/2008 18:53

250,000, how much is that exactly? hmmm

[sagem] 08/10/2008 15:23

The 250,000 must be a buy at that price, someone has confidence and rightly so.

[2bodeswell] 08/10/2008 11:39

woo hoo ...I must rush out and top up!!!!!