Xemplar Energy Corp.
TSX VENTURE : XE

Xemplar Energy Corp.

May 07, 2007 13:45 ET

Xemplar Samples 10.26 lb/t U3O8 at Warmbad

Mr. W.G.McDowall reports, Xemplar discovers six significant uranium occurences at its Warmbad Project in Namibia

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 7, 2007) - Xemplar Energy Corp. (the "Company") (TSX VENTURE:XE) is pleased to update the progress at its Warmbad Project (EPL's 3567 and 3568) in Namibia.

Field mapping and follow-up ground truthing of airborne radiometric anomalies has identified six distinct, mineralised alaskite bodies. Each of these bodies appears to resemble a large "uranium porphyry". They have a strong resemblance to the uraniferous alaskites found at the Rossing Uranium mine. Uranium production at the Rossing mine surpassed 3,500 tonnes in 2004; the mine has been in operation since 1976. The Rossing deposit has an average grade of 250 ppm U3O8 (0.025% U3O8). The current open pit at Rossing is approximately 5kms long, 500 metres wide and 350 metres deep. Total tonnage at Rossing is estimated at over 200 million tonnes of ore. With the current spot price of uranium at $ 120 per lb the operations at Rossing will continue for some years.

The six bodies or large alaskite sills discovered at the Warmbad Project have been named as follows: Ramansdrift Sill, Gaidip-Sandfontein Sill, Houms-Revier Main Sill, Leopard-Trap Sill, Houms-Revier-Sandfontein Sill and Ramansdrift-Gaobis Sill. These bodies occur in an area measuring 40 kms by 12 kms. The average distance between these bodies is approximately 4 kms. All of these bodies are within 12 kms of the Orange River, which forms the border between Namibia and South Africa. The current flow rate of the river varies from 16 to 33 million cubic metres per day (Cambray et al, 1986). There are currently two main power lines from South Africa feeding the Namibian power grid, one of these runs through the farm Gaidip-146, which is located in the centre of the Warmbad project. The availability of power and water is a critical issue for any potential uranium mining operation in Namibia.

Over 200 sites have been investigated on these six alaskite bodies and a total of 71 outcrop samples have been collected and assayed. The sample sites are distributed along the length of each Alaskite. Sample results for this work are shown below. Sample assaying was carried out at Set Point Laboratories in Johannesburg. Set Point Laboratories is an ISO17025 credited laboratory based in Johannesburg, South Africa. Three separate samples were sent to ACME laboratories in Vancouver and these results are also shown below. Results from Set Point were reported in parts per million (ppm) U3O8, (1,000 ppm U3O8 is equal to 0.1% U3O8 or 2.2046 lb/t U3O8) and from ACME in parts per million (ppm) Uranium (ppm uranium multiplied by 1.1792 equals ppm U3O8).

Ramansdrift Sill

This alaskite is a vertically dipping coarse to very coarse-grained, partly weathered white alaskitic granite. Biotite-nests and yellow secondary mineralisation is visible in cavities (uraninite-replacement) and limonite-coated joints. This north-northeast striking body has a true-width of over 400 metres and a known strike length of approximately 3.3 kms. The body is open-ended in both directions. Some 20 outcrop samples were collected from this alaskite. Assay results are shown below.



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Sample Alaskite U3O8 U3O8 ThO2 U/Th
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Number Name ppm lb/t ppm
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V0041 Ramansdrift Sill 4656 10.26 90 51.7
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Acme-1 Ramansdrift Sill 4325 9.53 203 21.3
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Acme-2 Ramansdrift Sill 2125 4.68 190 11.2
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V0001 Ramansdrift Sill 1700 3.75 70 24.3
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Acme-3 Ramansdrift Sill 1283 2.83 136 9.5
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V0043 Ramansdrift Sill 849 1.87 72 11.8
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V0033 Ramansdrift Sill 567 1.25 32 17.7
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V0048 Ramansdrift Sill 453 1.00 33 13.7
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V0046 Ramansdrift Sill 393 0.87 26 15.1
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V0049 Ramansdrift Sill 380 0.84 65 5.8
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V0002 Ramansdrift Sill 303 0.67 27 11.2
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V0038 Ramansdrift Sill 215 0.47 13 16.5
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V0047 Ramansdrift Sill 204 0.45 40 5.1
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V0040 Ramansdrift Sill 114 0.25 27 4.2
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V0044 Ramansdrift Sill 68 0.15 34 2.0
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V0036 Ramansdrift Sill 36 0.08 55 0.7
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V0045 Ramansdrift Sill 26 0.06 9 2.9
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V0005 Ramansdrift Sill 23 0.05 14 1.6
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V0003 Ramansdrift Sill 17 0.04 9 1.9
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V0042 Ramansdrift Sill 17 0.04 9 1.9
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Average Value 888 1.96 58 11.5
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Gaidip-Sandfontein Sill

This northeast striking body is a very coarse-grained, white, graphic alaskite. It has a minimum true-width of approximately 500 metres; it dips steeply to the southeast at 80 degrees and has a strike length of approximately 12 kms. The body is open-ended in both directions. Some 19 samples were collected from this body. Assay results are shown below.



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Sample Alaskite U3O8 U3O8 ThO2 U/Th
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Number Name ppm lb/t ppm
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V0050 Gaidip-Sandfontein Sill 1531 3.38 253 6.1
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V0058 Gaidip-Sandfontein Sill 1282 2.83 9 142.4
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V0060 Gaidip-Sandfontein Sill 399 0.88 21 19.0
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V0017 Gaidip-Sandfontein Sill 300 0.66 55 5.5
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V0055 Gaidip-Sandfontein Sill 298 0.66 57 5.2
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V0053 Gaidip-Sandfontein Sill 274 0.60 11 24.9
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V0059 Gaidip-Sandfontein Sill 241 0.53 90 2.7
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V0021 Gaidip-Sandfontein Sill 235 0.52 67 3.5
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V0054 Gaidip-Sandfontein Sill 161 0.35 41 3.9
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V0018 Gaidip-Sandfontein Sill 142 0.31 32 4.4
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V0069 Gaidip-Sandfontein Sill 123 0.27 50 2.5
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V0051 Gaidip-Sandfontein Sill 96 0.21 40 2.4
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V0019 Gaidip-Sandfontein Sill 90 0.20 61 1.5
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V0057 Gaidip-Sandfontein Sill 62 0.14 18 3.4
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V0022 Gaidip-Sandfontein Sill 55 0.12 13 4.2
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V0034 Gaidip-Sandfontein Sill 51 0.11 16 3.2
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V0020 Gaidip-Sandfontein Sill 35 0.08 29 1.2
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V0052 Gaidip-Sandfontein Sill 34 0.07 92 0.4
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V0023 Gaidip-Sandfontein Sill 18 0.04 22 0.8
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Average Value 286 0.63 51 12.5
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Houms Revier Main Sill

A very coarse-grained, white and pink vertically dipping alaskite. This easterly striking body has a minimum true-width of 700 metres and a strike length in excess of 4 kms. The body is open ended in both directions. Some 23 outcrop samples were taken from this alaskite. Assay results are shown below.



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Sample Alaskite U3O8 U3O8 ThO2 U/Th
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Number Name ppm lb/t ppm
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V0031 Houms Revier Main Sill 4453 9.82 9 494.8
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V0027 Houms Revier Main Sill 657 1.45 9 73.0
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V0056 Houms Revier Main Sill 514 1.13 39 13.2
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V0032 Houms Revier Main Sill 504 1.11 9 56.0
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V0010 Houms Revier Main Sill 328 0.72 9 36.4
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V0012 Houms Revier Main Sill 316 0.70 9 35.1
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V0029 Houms Revier Main Sill 290 0.64 10 29.0
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V0025 Houms Revier Main Sill 262 0.58 10 26.2
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V0030 Houms Revier Main Sill 252 0.56 9 28.0
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V0039 Houms Revier Main Sill 251 0.55 87 2.9
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V0035 Houms Revier Main Sill 244 0.54 63 3.9
V0004 Houms Revier Main Sill 190 0.42 91 2.1
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V0013 Houms Revier Main Sill 166 0.37 9 18.4
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V0024 Houms Revier Main Sill 159 0.35 36 4.4
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V0062 Houms Revier Main Sill 126 0.28 57 2.2
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V0037 Houms Revier Main Sill 125 0.28 78 1.6
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V0006 Houms Revier Main Sill 81 0.18 90 0.9
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V0028 Houms Revier Main Sill 80 0.18 14 5.7
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V0026 Houms Revier Main Sill 66 0.15 9 7.3
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V0007 Houms Revier Main Sill 47 0.10 11 4.3
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V0067 Houms Revier Main Sill 47 0.10 34 1.4
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V0014 Houms Revier Main Sill 18 0.04 9 2.0
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V0068 Houms Revier Main Sill 17 0.04 64 0.3
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Average Value 400 0.88 33 36.9
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Leopard Trap Sill

This sill is a very coarse to coarse-grained white alaskitic granite. Slight hematite/limonite coating, partial weathering, some biotite and extensive yellow secondary uranium mineralisation is visible. The body has an 80-degree dip to the northwest; it has a true-width of approximately 400 metres and a known strike length of 2 kms. It is open ended in both directions. Four outcrop samples were collected from this alaskite. Assay results are shown below.



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Sample Alaskite U3O8 U3O8 ThO2 U/Th
------------------------------------------------------------
Number Name ppm lb/t ppm
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V0011 Leopard Trap Sill 961 2.12 88 10.9
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V0015 Leopard Trap Sill 260 0.57 98 2.7
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V0008 Leopard Trap Sill 62 0.14 9 6.9
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V0016 Leopard Trap Sill 24 0.05 33 0.7
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Average Value 327 0.72 57 5.3
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Ramansdrift-Gaobis Sill

Very coarse-grained oxidised, altered, brown, magnetite-rich alaskite. The body dips 30 degrees towards the east. It has an estimated true-width of approximately 900 metres and a strike length of over 2 kms. It is open ended in both directions. Three samples were taken from this alaskite. Assay results are shown below.



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Sample Alaskite U3O8 U3O8 ThO2 U/Th
------------------------------------------------------------
Number Name ppm lb/t ppm
------------------------------------------------------------
V0064 Ramansdrift-Gaobis Sill 1003 2.21 9 111.4
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V0066 Ramansdrift-Gaobis Sill 210 0.46 56 3.8
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V0061 Ramansdrift-Gaobis Sill 59 0.13 54 1.1
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Average Value 424 0.93 40 38.8
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Houms Revier-Sandfontein Sill

Mostly a very coarse-grained graphic, white and pink alaskite. The body dips 46 degrees to the southeast. It has a minimum true-width of 600 metres and a strike length of 2 kms. It is open ended in both directions. One sample was collected from this body. The single assay result is shown below.



------------------------------------------------------------
Sample Alaskite U3O8 U3O8 ThO2 U/Th
------------------------------------------------------------
Number Name ppm lb/t ppm
------------------------------------------------------------
V0063 Houms R-Sandfont. Sill 408 0.90 47 8.7
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In view of the success of this preliminary field program at Warmbad, the company has decided to carry out a detailed helicopter-borne radiometric survey. The contract for this work has been awarded to Fugro Airborne Surveys (Pty) Ltd. The survey will commence within the next two weeks and will entail the acquisition of some 16,000-line kms of data. This survey will acquire multi-channel radiometric and magnetic data along lines 50 metres apart at a height of 25 metres. The purpose of the survey is two-fold, firstly it will effectively map the alaskite bodies and secondly it will map the surface uranium mineralisation within the alaskites themselves.

This survey will be followed by a drill program. Tenders are being prepared for a 15,000-meter drill program to test all of these alaskitic bodies and any others that may be found as a result of the airborne radiometric survey.

Mike Magrum, PEng, 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.

W.G. McDowall, President and CEO

This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction. "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: this news release contains forward 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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Xemplar Energy Corp.
    W.G. McDowall
    President and CEO
    (604) 687-4191
    (604) 871-9926 (FAX)