Proactiveinvestors recommends
Additional Information
Market: TSX-V
Sector: General Mining
EPIC: XE
Latest Price: 0.04  (-12.50% Descending)
52-week High: 0.09
52-week Low: 0.04
Market Cap: 4.19M
1 year chart
digital-look imported chart image
1 day chart
digital-look imported chart image
Xemplar Energy Co
www.xemplar.ca
Xemplar Energy Corporation is a Canadian-based company focused on uranium exploration. Xemplar Energy seeks to identify, acquire and develop uranium projects worldwide that show promise of potentially economic grades and tonnages in a timely, responsible, and cost effective manner. The Company has assembled a team of geologists and directors with extensive experience in uranium exploration, raising exploration capital and building shareholder value through new acquisitions and exploration success.
Full Xemplar Energy Co profile here
Pdf

Xemplar Energy Intersects U3O8 Mineralization Over 18 Metres at Aluriesfontien

11th Aug 2009, 7:55 am by Sam Kiri
Xemplar Energy Intersects U3O8 Mineralization Over 18 Metres at Aluriesfontien

It may not be as fast as markets prefer but clearly the world economy is making a come back. Government stimulus packages and low interest rates have helped boost consumer confidence as well as consumer spending. Commodity prices have also started to gain ground in response to China restocking. Uranium companies are no exception as the end of the recession also marks an increase in demand for energy metals such as uranium.

Against this backdrop, excellent drill results by Canadian Venture, Frankfurt and Namibia listed Xemplar Energy (TSX.V: XE, Frankfurt: E7R, Namibia: XEM) comes as welcome news. Chemical assay results for an additional 18 drill holes from the Company's 2009 drill programme at Aluriesfontein located at its 100% owned Warmbad Uranium project in southern Namibia continues to show widespread uranium mineralisation.

Some drill holes have returned grades as high as 0.04% (Hole DDALU0008) and 0.038% (DDALU0006). The lowest grade has been 0.01 from drill hole DDALU0116. Grades and continuity has prompted considerable optimism over the extent of mineralisation. 

In addition to the Aluriesfontein assay results, 62 additional intervals of 1 to 4 meters with grades ranging from 100.3 parts per million (PPM) (0.01%) to 343.6 PPM (0.034%) were also noted, and available on the Company website. This includes assay results for RCALU0112, RCALU0115, RCALU0122, RCALU0124 and RCALU0127.

Brisk development activity in the 2009 drill programme is well underway with the objective to begin developing uranium resources. Exploration drilling continues with the objective of discovering new mineralization zones and further extending the size of the eight zones of mineralization that have already been discovered.

Namibia is known for low grade, large uranium deposits and is 5th largest uranium producer in the world. The country has several well-known mining companies in the uranium space with Rio Tinto at the helm. Rio Tinto’s Rossing Mine produces 7% of all uranium in the world and contributes 26% of Namibian export earnings. Other companies include Paladin Resources’ (Langer Heinrich deposit commenced production in May 2008), Areva (currently fast-tracking the Trekkopje Deposit) and Forsys Metals.

About Xemplar


Xemplar is a Canadian company focused on uranium exploration in Namibia.  The Company holds a 100% exploration rights in uranium properties in the Engo Valley, Cape Cross, Aus-Garub and Warmbad regions through its wholly owned Namibian subsidiary. 

The Company currently holds Exploration Prospecting Licenses (EPL) for its Cape Cross, Aus and Warmbad properties and is waiting to be awarded EPLs for its Engo Valley and Garub properties.  With the current EPLs that it holds, it is the largest uranium exploration license holder in Namibia.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.