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AIM identifies new exploration targets in Burkina Faso November 18, 2008

Posted by Fortbridge in Mining.
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African-focused resource company AIM Resources (ASX: AIM) provided today an update of activities for its exploration tenements in Burkina Faso.

The Company is continuing to explore the region, commencing a follow up to the airborne Versatile Time-Domain Electro Magnetic (“VTEM”) survey completed in 2008. The survey identified 9 high priority targets from 46 target zones from within the Poa, Perkoa and Guido permit areas. Exploration over these areas is targeting primarily gold mineralisation and additional base metal resources.

Field activity has now resumed following the end of the wet season, which typically lasts between July and October annually. During this time, work focussed on the review and interpretation of the VTEM data set and integration with previous exploration data.

German based Terratec Geophysical Services has been commissioned to conduct ground testing of 14 targets using IP and Resistivity techniques prior to locating the most favourable sites for drilling.

The review of tenders for drilling services is in progress, with a view to conducting a drilling program totalling 6,000 metres in early 2009.

Click here to read the full announcement.

For further information, please contact:

Scott Lowe
Managing Director
AIM Resources
Ph: +61 2 9357 9000

or

James Moses
Fortbridge Consulting
Ph: +61 420 991 574
E: james.moses@fortbridge.com

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