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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
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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
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Xemplar Energy reports further wide zones of uranium mineralization at Warmbad Project, Namibia

17th Aug 2009, 4:04 pm

Xemplar Energy Corp. (TSX-V: XE, Frankfurt: E7R) reported chemical assay results for an additional 25 drill holes from the Company’s ongoing 2009 drill program at the ‘Big Yellow’ mineralized zones located at its 100% owned Warmbad Uranium project in southern Namibia. 

At Big Yellow East, the best intersects included 25 intervals of 1 to 4 meters grading from 101 parts per million (‘ppm’)(0.01%) to 295 ppm (0.03%). Table of best results below.

Meanwhile, at Big Yellow West, 70 intervals of 1 to 4 meters with grades ranging from 100.3 parts per million (PPM) (0.01%) to 211.0 PPM (0.021%) were also recorded. Table of best results below.

Simon Tam, Chief Executive Officer states “We continue to be greatly encouraged with the additional drill results from Big Yellow East and West. The results continue to demonstrate continuity of uranium mineralization, good widths and good grades.”

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.

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