They are having talks with BHP next week to commence drilling on Uranium project, Zinc feasability should be out 2-3 weeks, quartely report out soon which will be very detailed regarding there progress on all projects, ive been given the green light to buy im in, very undervalued should be a 2-6 week play target .07-.10
With BHP looking to back there URANIUM projext its a No Brainer
Speculative Buy .047
Read below announcement market been quite & has forgoten AIM:
31 Mar 2005 23 Anomalies Identified at Mumbwa
Appendix 5B
Mining exploration entity quarterly report
A TOTAL OF 23 COPPER GOLD AND ASSOCIATED
URANIUM TARGETS IDENTIFIED BY
AIM RESOURCES AT MUMBWA
AIM Resources (“AIM”) recently flew a Falcon® Airborne Gravity Gradiometer survey for the
AIM-BHP Billiton joint venture on the Mumbwa project in Zambia.
The aim of the survey was to directly target Iron Oxide Copper Gold (“IOCG”) style
mineralisation and secondarily, to map major structures which may control such mineralisation.
The survey acquired 8,752 linear kilometres of gravity gradiometer, magnetic, radiometric and
DTM Laser Scanner data.
The data was analysed for related vertical gravity gradient (“GDD”) and magnetic anomalies that
may indicate the presence of IOCG mineralisation. The targets were ranked based upon the
GDD signal amplitude, areal extent, related magnetic signature, as well as anomalous Uranium
signatures and their location with respect to mineral occurrences and favourable drill results.
The interpretation and ranking process by BHP Billiton Falcon® team has identified a
total of 23 anomalous targets of which:
4 were assigned a priority 1 ranking;
8 were assigned a priority 2 ranking;
6 were assigned a priority 3 ranking: and
5 were assigned a priority 4 ranking.
The 8,752 kilometres was flown on an area of some 60.7 km by 61.4 km. This entire block was
flown with a line spacing of 400m. An area within this block of 25 km X 28 km was then infilled to
200m line spacing.
The radiometric data is of excellent quality and clearly maps argillites and other sedimentary
units and clearly shows up numerous Uranium anomalies. Anomalous Uranium is of direct
interest in IOCG targeting, so the existence of such associated signatures is highly rated. For
example Olympic Dam is a large Uranium source in addition to its Copper/Gold mineralisation.
Of the 4 priority one anomalies identified, two of them had strong Uranium signatures. Similarly
3 of the 8 priority two anomalies also had associated Uranium anomalies.
A drilling program to investigate the 12 priority one and two anomalies will be put together and it
is anticipated that these targets will be drilled in the 3rd quarter 2005.
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75.0¢ |
Change
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Mkt cap ! $156.6M |
Open | High | Low | Value | Volume |
80.0¢ | 80.0¢ | 75.0¢ | $620.3K | 796.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 2846 | 75.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
79.0¢ | 5000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 2846 | 0.750 |
3 | 8034 | 0.745 |
2 | 2009 | 0.720 |
2 | 10050 | 0.710 |
5 | 14302 | 0.700 |
Price($) | Vol. | No. |
---|---|---|
0.800 | 5000 | 1 |
0.810 | 19250 | 2 |
0.820 | 10000 | 1 |
0.825 | 23750 | 2 |
0.830 | 150 | 1 |
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