Sydney, Australia — MININGREVIEW.COM — 22 May 2008 – AIM Resources Limited – an Australian-based resources company with an exciting portfolio of African assets – has started work on the decline at its US$150 million (R1.1 billion) Perkoa zinc project in Burkina Faso.
In a letter to the Australian Stock Exchange today, the company confirmed that the first blast had been fired, providing access from the recently constructed portal to approximately 3m along the decline.
AIM Resources CEO Bill Cash said: “This is a major milestone for the company. We are rapidly advancing the development at Perkoa, and this stage of construction marks a key transition as the project develops into a mine.”
The announcement added that development of the decline was continuing, and that following the emplacement of support structures, a shotcrete unit would assist in stabilisation during construction of the decline.
The application of shotcrete to the faces of the box-cut was nearing the final stages, it said, and ramp drainage was complete, with the final surface of the ramp being laid shortly. Dewatering pumps and piping were being prepared for permanent installation following the completion of shotcreting.
The Perkoa zinc project is located in the Sanguie Province of Burkina Faso, approximately 120 km west of the country’s capital, Ouagadougou, and 35km from Koudougou, which is linked by rail to the port of Abidjan, in neighbouring Cote d’Ivoire.