Xemplar
Energy
February 18, 2009
Just a quick
note to let you know about Xemplar's latest news release: Xemplar Expands
Uranium Zone at Big Yellow
Vancouver,
British Columbia, Canada, February 18, 2009 � The Board of
Directors of Xemplar Energy Corp. (TSX-Venture: XE, Frankfurt: E7R, Namibia:
XEM) (�Xemplar� or the �Company�) is pleased to report the results for a
further five drill holes from the Company�s 2008 drill program in the Big
Yellow area on the Warmbad Uranium project in Namibia. The geological
environment is the same as that which hosts the Rossing uranium mine (operated
by Rio Tinto) that produced 7% of the world�s uranium in 2007, and with the
Valencia uranium deposit (Forsys Metals Corp.) which is subject to a CDN$579
million takeover offer.
These
results, coupled with previously announced drill results from Big Yellow,
continue to expand the size of the three mineralized zones which have been
identified. The grades encountered are consistent with the grade of the
Valencia deposit.
Further
assay results from the 2008 drill program are forthcoming.
Highlights
of chemical assay results from the Company�s drill program at Big Yellow
include:
Big
Yellow East, Hole RCBYE0055:
- 4
metres grading 127.5 parts per million (ppm) or 0.013% U3O8, from 82
metres to 86 metres.
Big
Yellow Centre, Hole RCBY0032:
- 4
metres grading 104.4 ppm or 0.010% U3O8, from 33 metres to 37 metres.
- 8
metres grading 154.0 ppm or 0.015% U3O8, from 46 metres to 54 metres.
Big
Yellow Centre, Hole RCBY0033:
- 13
metres grading 134.7 ppm or 0.013% U3O8, from 24 metres to 37 metres.
- 12
metres grading 136.8 ppm or 0.014% U3O8, from 64 metres to 76 metres.
Big
Yellow West, Hole RCBYW0017:
- 4
metres grading 106.1 ppm or 0.010% U3O8, from 85 metres to 89 metres.
- 5
metres grading 129.4 ppm or 0.013% U3O8, from 111 metres to 116 metres.
Big
Yellow West, Hole RCBYW0018:
- 9
metres grading 119.9 ppm or 0.012% U3O8, from 0 metres to 9 metres.
- 5
metres grading 126.6 ppm or 0.013% U3O8, from 20 metres to 25 metres.
- 5
metres grading 123.6 ppm or 0.012% U3O8, from 50 metres to 55 metres.
- 4
metres grading 106.0 ppm or 0.011% U3O8, from 110 metres to 114 metres.
- 4
metres grading 106.7 ppm or 0.011% U3O8, from 125 metres to 129 metres.
- 5
metres grading 107.3 ppm or 0.011% U3O8, from 138 metres to 143 metres.
- 5
metres grading 334.6 ppm or 0.033% U3O8, from 147 metres to 152 metres.
- 4
metres grading 101.7 ppm or 0.010% U3O8, from 171 metres to 175 metres.
Please refer
to the assay tables in the appendix of this news release for a complete summary
of chemical assay results from the above 5 holes. Assays greater than 100
ppm, or 0.010% U3O8 over one metre are reported.
Xemplar
Energy continues to carry out a balanced exploration drill program combining
definition and development drilling with the primary objective of defining a
resource for its Warmbad project. The exploration program in 2009, which
commenced on January 19, 2009, will entail:
- Drilling
to extend the size of the mineralized zones at Aluriesfontein and Big
Yellow.
- Aggressively
continue with surface exploration and drilling at Aluriesfontein, Big
Yellow East, Centre and West, Houms River, Girtis, and Gaobis/Energy Ridge
to define new zones of mineralization.
About
Xemplar Energy Corp.
Xemplar
Energy Corp. is a Canadian-based resource company focused on uranium
exploration in Namibia. Through Namura Mineral Resources Pty., its
wholly-owned Windhoek, Namibia-based subsidiary, the Company currently holds
Exploration Prospecting Licenses (EPL) for the Cape Cross, Aus, Garub and
Warmbad properties totaling 7,400 square kilometers.
The primary
focus of Xemplar Energy�s work in Namibia is the Warmbad project, where the
Company has been actively engaged in an exploration drilling program where
significant uranium mineralization is being encountered. The company had
originally identified 14 large, anomalously radioactive alaskitic bodies, which
has since been redefined as five larger bodies as some of the original alaskite
bodies merge with each other. Of these, the Aluriesfontein is the
largest, covering 36 square kilometres. Alaskitic rocks also host the
Rossing mine in Namibia, which produced 3,046 tonnes, representing 7% of the
global production of uranium oxide in 2007.
With nearly
$16.0 million (CDN) cash on hand, the Company is in a strong financial position
to execute its exploration programs for the next 24 months.
Mike Magrum,
P.Eng., a qualified person under National Instrument 43-101, has approved the
technical content of this news release.
On behalf of
the Board of Directors,
Xemplar Energy Corp.
Simon Tam,
CEO and Director
Appendix
Detailed Assay Results from Big Yellow (using
a 100 parts per million / 0.01% U3O8 cut-off grade)
Big
Yellow East
Hole Number
|
From (metres)
|
To (metres)
|
Width (metres)
|
Grades (parts per million)
|
Grades
(Pct.)
|
RCBYE0055
|
5
|
6
|
1
|
130.6
|
0.013%
|
|
82
|
86
|
4
|
127.5
|
0.013%
|
Including
|
83
|
84
|
1
|
256.5
|
0.026%
|
Big
Yellow Centre
Hole Number
|
From (metres)
|
To (metres)
|
Width (metres)
|
Grades (parts per million)
|
Grades
(Pct.)
|
RCBY0032
|
14
|
16
|
2
|
122.2
|
0.012%
|
|
33
|
37
|
4
|
104.4
|
0.010%
|
|
42
|
44
|
2
|
139.3
|
0.014%
|
|
46
|
54
|
8
|
154.0
|
0.015%
|
Includes
|
53
|
54
|
1
|
229.3
|
0.023%
|
|
62
|
64
|
2
|
104.2
|
0.010%
|
|
|
|
|
|
|
RCBY0033
|
24
|
27
|
13
|
134.7
|
0.013%
|
Includes
|
24
|
25
|
1
|
206.1
|
0.021%
|
Includes
|
36
|
37
|
1
|
227.2
|
0.023%
|
|
47
|
49
|
2
|
103.4
|
0.010%
|
|
64
|
76
|
12
|
136.8
|
0.014%
|
Includes
|
66
|
69
|
3
|
226.5
|
0.023%
|
|
80
|
85
|
5
|
124.4
|
0.012%
|
Big
Yellow West
Hole Number
|
From (metres)
|
To (metres)
|
Width (metres)
|
Grades (parts per million)
|
Grades
(Pct.)
|
RCBYW0017
|
19
|
21
|
2
|
102.0
|
0.010%
|
|
73
|
76
|
3
|
106.1
|
0.011%
|
|
32
|
33
|
1
|
139.5
|
0.014%
|
|
73
|
76
|
3
|
102.9
|
0.010%
|
|
80
|
81
|
1
|
108.0
|
0.011%
|
|
85
|
89
|
4
|
106.1
|
0.011%
|
|
101
|
102
|
1
|
124.4
|
0.012%
|
|
111
|
116
|
5
|
129.4
|
0.013%
|
Includes
|
112
|
113
|
1
|
318.8
|
0.032%
|
|
129
|
130
|
1
|
532.2
|
0.053%
|
|
RCBYW0018
|
0
|
9
|
9
|
119.9
|
0.012%
|
|
16
|
17
|
1
|
104.5
|
0.010%
|
|
20
|
25
|
5
|
126.6
|
0.013%
|
Includes
|
24
|
25
|
1
|
243.5
|
0.024%
|
|
50
|
55
|
5
|
123.6
|
0.012%
|
|
110
|
114
|
4
|
106.0
|
0.011%
|
|
125
|
129
|
4
|
106.7
|
0.011%
|
|
132
|
133
|
1
|
127.4
|
0.013%
|
|
138
|
143
|
5
|
107.3
|
0.011%
|
|
147
|
152
|
5
|
334.6
|
0.033%
|
Includes
|
147
|
148
|
1
|
649.7
|
0.065%
|
|
171
|
175
|
4
|
101.7
|
0.010%
|
The TSX Venture Exchange has not
reviewed and does not accept responsibility for the adequacy or accuracy of
this news release. This news release shall not constitute an offer to sell or
the solicitation of an offer to buy securities in any jurisdiction. "Safe
Har bor" statement under the private securities litigation reform act of
1995: this news release contains for ward looking statements that are not
historical facts and are subject to risks and uncertainties which could cause
actual results to differ materially from those set forth in or implied herein.
Cautionary
Statement Regarding Forward-Looking Information
All
statements, trend analysis and other information contained in this press
release relative to markets about anticipated future events or results
constitute forward-looking statements. Forward-looking statements are often,
but not always, identified by the use of words such as "seek",
"anticipate", "believe", "plan",
"estimate", "expect" and "intend" and statements
that an event or result "may", "will", "should",
"could" or "might" occur or be achieved and other similar
expressions. Forward-looking statements are subject to business and economic
risks and uncertainties and other factors that could cause actual results of
operations to differ materially from those contained in the forward-looking
statements. Forward-looking statements are based on estimates and opinions of
management at the date the statements are made. The Company does not undertake
any obligation to update forward-looking statements even if circumstances or
management's estimates or opinions should change. Investors should not place
undue reliance on forward-looking statements.
To see
previous news releases, please click here.
_____________________
Thank you for
your interest in Xemplar Energy Corp.
_____________________
.
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