AEXE – AIM Exploration Inc.
AEXE Company Profile
Aim Exploration Inc. (AEXE) is a Beverly Hills, California headquartered company with operational offices in Manila City, Philippines . Aim operates as a junior mining company focusing on global mining and exploration. The company currently has two existing projects, a 40% interest in a Feldspar mine located in the Philippines and an Anthracite coal project located in Peru. The Feldspar mine is currently producing and is undergoing upgrades for expanded production.
The operation is controlled in a Joint Venture with Paladino Management & Development Corp. The Anthracite Coal project AIM owns and controls through its wholly owned subsidiary Aim Exploration Inc. is considered to be a high grade Anthracite Coal mining property in the Alto Chicama basin, in the province of Otuzco in Peru. Aim SA acquired these rights by purchasing these assets from Percana Mining Corp (Percana SA), a Peruvian corporation.
Previous & Present Activities
Anthracite Samples from AIM’s Property, The assets encompass 1,000 hectares of mining concession property consisting of three sites of 600, 200 and 200 hectares respectively. Percana SA initially acquired these properties based on indications of the presence of high grade anthracite coal. Illegal artisan miners have started operating multiple one-entry mines on the property, which further indicates the presence and mine-ability of these deposits. To verify the geology and quality of the coal, Percana SA commissioned local geologists to compile a technical report on the 1,000 hectares. Although the report yielded optimistic estimates of resources, reserves and economics, it does not meet public reporting standards.
FELDSPAR RAVAL MINING CLAIMS
The Raval Mining Claims, which is controlled in a Joint Venture with Paladino Management & Development Corp., are located 350 meters above sea level, seven (7) kilometers from the Km. 511 post of the National Road in Barangay Sulongan, municipality of Pasuquin, in the province of Ilocos Norte. They are 518 km north of Manila and 31 km north of Ilocos Norte capital city of Laoag. The nearest commercial port is at Currimao, some 57 km to the south. Currimao Port is 420 nautical miles from the Taiwanese port of Keelung.
Joint Venture Partner Paladino Management & Development Corp.
Peru Project Site Details
Lajon is located in Huaranchal, which is one of ten districts in the province of Otuzco. It is about a two-hour drive from Trujillo (the second largest city in Peru), and an equal distance to the city of Otuzco. It is also strategically located 200km from Salaverry, which features a port that can service ships with capacities of up to 35,000 tons. The Port of Salaverry provides direct access to the Pacific Ocean.
Visit: http://www.otcmarkets.com/stock/AEXE/company-info to see complete details.
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PR Newswire (Mon, Oct 20)
AIM Exploration Completes Feldspar Quality Test Production Order With First Client; Begins Final Negotiations With This Client To Supply Its Entire 2015 Production Requirements
PR Newswire (Fri, Oct 17)
AIM Exploration Acquires a Total of 648 Hectares of a Producing Feldspar Mine in the Philippines and a 1,000-Hectare High Grade Anthracite Coal Project in Peru in Pre-Production Stage
AIM Exploration Inc.
9107 Wilshire Boulevard
Beverly Hills, CA 90210
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