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Market: TSX-V
Sector: General Mining
Epic: XE
News: Latest news
Web Site: Xemplar Energy Co
Other Articles: 18-01-201015-01-201018-09-2009

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Thursday September 02, 11:00Baobab Resources identifies distinct ore domain at Tete’s South Zone

Baobab MD Ben James said the latest drilling results from the Tete project's South Zone characterise a distinct, higher mass recovery, ore domain.

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Thursday September 02, 08:15Indonesia edges closer toward uranium mining and nuclear power

After nearly five decades of national debate on the issue, Indonesia's central government may finally be ready to develop a national nuclear policy, which may lead to domestic uranium mining.

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Wednesday September 01, 01:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

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Xemplar Energy Co

Xemplar Energy Co

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.
Monday, January 05, 2009

Xemplar Energy outlines plan for 2009, investors push shares 30% higher

by Ian Mclelland company news image

Uranium exploration and development company, Xemplar Energy (TSX-V:XE) climbed steadily in trading today, rising 30% after investors took notice of a end of year review and 2009 outlook from the company.

Xemplar Energy finds itself in the enviable position of holding a substantial cash pile.  The strong balance sheet has afforded the company the ability to continue its aggressive drill campaign in Namibia, where it is hunting for uranium mineralisation not dissimilar from Rio Tinto’s (LSE: RIO) world class Rossing Mine, which currently produces 7% of total uranium output, and is Namibia’s largest operating uranium mine.

In recent years Namibia has become a hot bed of activity for uranium exploration companies, and has already delivered two spectacular success stories, Paladin Resources and Forsys Metals, the latter recently acquired at a substantial premium to the prevailing share price.  Xemplar Energy, alongside Extract Resources and Bannerman Resources has also chalked up significant milestones in 2008, and continue to show excellent potential to find another substantial uranium deposit.

Investors were reminded today by Xemplar Energy of how much progress it made in 2008. The company completed some 40,000 metres of drilling at the Warmbad uranium prospect designed to drill test 14 alaskite bodies previously identified from airborne surveys.  Drilling defined eight large mineralized bodies, confirmed the presence of two other new areas of interest, confirmed the mineralization at Warmbad is similar to the Rossing Mine and Forsys’s Valencia Deposit, and also confirmed that grades at Aluriesfontein, Big Yellow East, Big Yellow Centre and Big Yellow West are consistent with the grades at Valencia.

Looking ahead to 2009, Xemplar reiterated that it required no additional cash from the markets, and could continue exploring for a further 2 years on its current cash reserves.


The 2009 operational plan includes continued drilling towards an initial resource statement, with particular focus on defining and extending zones of mineralisation at Aluriesfontein, Big Yellow East, Centre and West, Houms River, Girtis, and Gaobis/Energy Ridge.
 

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