AIM continues to report good copper grades at Mumbwa BHPB JV Project in Zambia November 4, 2008

African-focused resource company AIM Resources (ASX: AIM) released today the latest assay results from its Phase 3 drilling program at the company’s Mumbwa Copper-Gold joint venture Project with BHP Billiton in Zambia.

The Mumbwa Joint Venture Project is being explored with 50:50 partners, BHP Billiton, for Iron Oxide Copper-Gold (IOCG) style mineralisation. The Phase 3 drilling program involved drilling a total of 8,000m which was fully funded by AIM Resources.

Highlights:

• 401m of copper (Cu) mineralisation indentified in drillhole S36-017, between 62m and 463m depth;
• Average weighted Cu grade over the entire 401m sampled interval is 0.98%;
• Mineralisation appears to be more persistent from 161m to 431m depth for a drilled thickness for 270 metres @ 1.37 % Cu;
• Mineralised zones identified include the following drilled thicknesses:
- 12 metres @ 1.17 % Cu between 161 and 173 metres;
- 20 metres @ 1.01 % Cu between 177 and 197 metres;
- 228 metres @ 1.47 % Cu between 203 and 431 metres.
• Best drilled intersections greater than 10% copper include:
- 19.50 % Cu between 285 and 289 metres;
- 11.05 % Cu between 316 and 317 metres.

Managing Director Scott Lowe said: “These results continue to confirm the presence of copper mineralisation at Mumbwa and provide further confidence in the exploration strategy being undertaken by the Company and its JV partner, BHP Billiton.”

Click here to read the full announcement.

For further information, please contact:

Scott Lowe
Chief Executive Officer
AIM Resources
Ph: +61 2 9357 9000

or

James Moses
Partner
Fortbridge Consulting
Ph: 0420 991 574
E: james.moses@fortbridge.com