RNS Number : 7246G
  AIM Resources Limited
  27 October 2008
   

    AIM RESOURCES LIMITED 

    27 OCTOBER 2008

    MUMBWA DRILLING RESULTS


    KEY POINTS
    *     Drilling intersected 130m of copper ("Cu") mineralisation in hole S36-015, between 125 to 155 metres and 180 to 280 metres depth;
    *     Average weighted Cu grade over the 130 metre sampled intervals is 0.30%;
    *     Three discrete mineralised zones were recognised during core logging which include:
    *     Malachite mineralisation between 125.5 and 162 metres; 
    *     Native copper mineralisation between 185.5 and 230 metres; and
    *     Malachite mineralisation between 263.5 and 270 metres.
    *     Distinct correlation between analytical results and observed mineralogy, particularly over the following intervals:
    *     10 metres @ 0.51 % Cu between 143 and 153 metres;
    *     47 metres @ 0.47 % Cu between 184 and 231 metres;
    *     9 metres @ 0.58 % Cu between 262 and 271 metres.

    AIM Resources Limited ("the Company") (ASX: AIM, AIM: AIMR) is pleased to provide the following assay results from the Phase 3 drilling
program of the Mumbwa Iron Oxide Copper-Gold Project - a Joint Venture ("JV") with BHP Billiton in Zambia.  
    The Company has received results for hole S36-015, and interpreted drill intersections are presented below.
    These reported 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 correllate data from
adjacent drill holes. 
    Results for drillhole S36-015
    * 3 metres @ 0.30 % Cu between 129 and 132 metres.
    * 10 metres @ 0.51 % Cu between 143 and 153 metres.
    * including 3 metres @ 0.94 % Cu between 143 and 146 metres.
    *     47 metres @ 0.47 % Cu; 0.03 g/t Au between 184 and 231 metres,
    *     including 6 metres @ 0.44 % Cu between 184 and 190 metres,
    *     *     and 7 metres @ 0.45 % Cu between 192 and 199 metres,
    *     *     and 2 metres @ 0.44 g/t Au between 199 and 201 metres,
    *     *     and 4 metres @ 0.52 % Cu between 201 and 205 metres,
    *     *     and 17 metres @ 0.58 % Cu between 208 and 225 metres,
    *     *     and 3 metres @ 0.85 % Cu between 228 and 231 metres.
    *     9 metres @ 0.58 % Cu between 262 and 271 metres,
    * including 2 metres @ 0.93 % Cu between 264 and 266 metres,
    * and 2 metres @ 1.00 % Cu between 268 and 270 metres.
    Drillhole S36-015 is located on the western side of the target area, and situated approximately 200 metres due east from hole S36-001,
which was drilled in 2007 during the previous Phase 2 program.  The Phase 3 drilling program is being conducted to follow up on
mineralisation previously identified in hole S36-001, as reported by the Company on 22 May 2007.
    S36-015 was core drilled at an angle of 70 degrees towards the east (090 degrees), for an end of hole depth totalling 355.50 meters. 
During the core logging process, three discrete mineralised zones were observed. These zones include:
    *     Malachite [Cu2(Co3)(OH)2] mineralisation identified between 125.5 and 162 metres;
    *     Native copper [Cu] mineralisation identified between 185.5 and 230 metres; and
    *     Malachite [Cu2(Co3)(OH)2] mineralisation identified between 263.5 and 270 metres.
    The proposed target depth for hole S36-015 was 400 metres, however due to deteriorating ground conditions during the drilling process,
this hole was abandoned at the risk of losing drilling equipment. No observable mineralisation, or zones of interest were identified at the
end of hole depth.
    A total of 146 samples of half drill core and quality control samples were submitted for preparation and analysis by AH Knight Group of
laboratories.  
    Diagrams and Table of Results from hole S36-015 are available on www.aimresources.com.au, which provides a drill hole location plan,
cross section and details of all sample intervals for hole S36-015.
 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: +44 20 7383 5100

    www.aimresources.com.au

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The company news service from the London Stock Exchange
 
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