Burkina Faso Exploration VTEM Results

RNS Number : 6372A
AIM Resources Limited
05 August 2008

AIM RESOURCES LIMITED

5 AUGUST 2008

BURKINA FASO EXPLORATION
VTEM RESULTS

AIM Resources Limited ("the Company", "AIM Resources") (ASX:AIM, AIM:AIMR) is pleased to announce the following update regarding
exploration projects in Burkina Faso, West Africa.

Key Points

VTEM Survey

Versatile Time-Domain Electro Magnetics ("VTEM") results have been received for the areas surveyed covering "Poa" and "Guido" - 2 of the
5 exploration permits in Burkina Faso, held by the Company.

An interpretation of the VTEM data by Condor Consulting Inc. ("Condor") has identified 9 high priority targets from 46 target zones
which are prospective for further follow up exploration work. A number of these VTEM anomalies coincide with anomalies previously
identified.

Independent Expert Geologists Report

Two international, independent senior geologists have reviewed exploration projects held by AIM Resources in Burkina Faso and provided a
report that concludes that the areas are prospective for mineralisation. The report also recommends further specific work be undertaken,
prioritising the northern permit areas.

Exploration program

An exploration program for 2008 / 2009 is being developed that takes into account the VTEM results and independent expert geologist
report, as well as historical work and data.

VTEM Report

Background

In February 2008, the Company engaged Geotech Airborne Limited ("Geotech") to conduct an airborne VTEM survey over the Perkoa Zinc
Project and surrounding Poa and Guido exploration permit areas. Geotech completed the VTEM survey in March 2008 after flying 3,535 line
kilometres. Flight lines were nominally spaced at 100m intervals and flown in a northwest - southeast orientation.

Condor, recognized experts in the field of airborne electromagnetics processing and analysis, performed a detailed interpretation of
results and provided conclusions regarding the significance of the survey.

Analysis
The magnetic response for the Perkoa deposit can be described as an eastward extension of a magnetic horizon within a larger
lithological unit, and not a discrete, stand alone feature. A diagram (available on www.aimresources.com.au) illustrates the dominant
geological structure where mineralisation is associated with at least two regional lineaments.

Recommendations

A diagram (available on www.aimresources.com.au) displays the 9 high priority targets identified within the Perkoa, Poa and Guido permit
areas, with previously interpreted underlying geology.

Independent Expert Geologists Assessment

During May 2008, independent senior geologists Mel Klohn and Chris Broili of BK Consulting conducted a review of exploration projects
and activities in Burkina Faso, including the 5 permit areas held by AIM Resources.

The report confirmed that the properties have positive potential for mineralisation and made a number of recommendations regarding
prioritisation of exploration work within a specific exploration program.

An extract from the report is quoted below:

"The Perkoa region is at the northern end of the Birimian greenstone belt. The Perkoa gold targets consist of gold-bearing
structurally-controlled quartz veins and veinlets following hydrothermal feeders in altered meta-sedimentary country rocks. The structure,
mineralization and host rocks are generally similar to that of the Ashanti Gold Belt in Ghana. *.."

"*. The Perkoa gold targets clearly merit a high-priority exploration effort. Potential for vein, stockwork or disseminated targets of
substantial size is good. Follow up work should consist of detailed outcrop and rock float mapping, geochemical soil grids (paying
particular attention to arsenic, gold and base metal anomalies) and high-resolution satellite imagery studies for interpreting structure and
alteration. *."

Exploration Program

The Company plans to further review the VTEM data and interpreted structure for the region and incorporate these findings into the
proposed 2008 / 2009 exploration programme.

The program being developed includes

* Ground locate VTEM anomalies with ground geophysics using Induced polarization
* Preparation of exploration grids and line cutting
* Soil geochemistry
* Trenches
* Drilling with Reverse Circulation to 50m, then diamond drilling.

Priority is being given to the "Guido" - North Eastern permit area.

The Company is currently finalising the details of this program including cost estimates. A budget for the work will be considered by
management prior to implementation.

ATTRIBUTION The information in this report which relates to Exploration
Results 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.

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

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

END

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