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News
29.06.2009
Xemplar Intersects U3O8 Mineralization Over 22 Metres at Big Yellow
Xemplar Intersects U3O8 Mineralization Over 22 Metres at Big Yellow
Vancouver, British Columbia, Canada, June 24, 2009 – The Board of Directors of Xemplar Energy Corp. (TSX-Venture: XE, Frankfurt: E7R, Namibia: XEM) (“Xemplar” or the “Company”) is pleased to report chemical assay results for a further nineteen drill holes from the Company’s 2008/2009 drill program at the Big Yellow mineralized zones located at its 100% owned Warmbad Uranium project in southern Namibia.
Simon Tam, Chief Executive Officer states “Xemplar’s 2009 drill program continues to meet our expectations. The chemical assay results clearly demonstrate the size potential of our mineralized zones.”
Highlights of chemical assay results from the Company’s 2008/2009 drill program at Big Yellow West, East, and Center are shown in the ensuing three tables. Additional assay results for all drill holes currently reported on are available on the Company’s website www.xemplar.ca.
Big Yellow West: http://www.irw-press.com/dokumente/Xemplar_290609_Table1.pdf
Big Yellow West: http://www.irw-press.com/dokumente/Xemplar_290609_Table2.pdf
In addition to the above assay results reported for Big Yellow West, 40 intervals of 1 to 3 meters with grades ranging from 101.8 parts per million (PPM) (0.01%) to 337.87 PPM (0.034%) were also noted.
RCBYW0026 is of particular interest, as grades of 895.5 PPM (0.090%) U3O8 over 3 meters from 45 meters to 48 meters (including 1 meter from 45 to 46 meters at 1,824.5 PPM, or 0.182% and including 1 meter from 46 meters to 47 meters at 766.0 PPM or 0.08%) was encountered.
Big Yellow East: http://www.irw-press.com/dokumente/Xemplar_290609_Table3.pdf
In addition to the above assay results reported for Big Yellow East, 14 intervals of 1 to 3 meters with grades ranging from 100.3 parts per million (PPM) (0.01%) to 169.1 PPM (0.017%) were also noted, and available on the Company website. This includes assay results for Hole RCBYE0059, which is not listed in the above table, but is also available on the Company website.
Big Yellow Center: http://www.irw-press.com/dokumente/Xemplar_290609_Table4.pdf
In addition to the above assay results reported for Big Yellow Center, 30 intervals of 1 to 4 meters with grades ranging from 100.0 parts per million (PPM) (0.01%) to 631.7 PPM (0.063%) were also noted, and available on the Company website.
Two holes of particular interest are RCBYC0038,and RCBYC0039. In addition to the results shown in the table above, RCBYC0038 had one meter interval at 37 to 38 meters depth with grades of 412.4 PPM (0.041%) and at 103 meters to 104 meters depth with grades of 631.7 PPM (0.063%). RCBYC0039 had one meter interval at 87 to 88 meters with grades of 523.6 PPM (0.052%).
The 2009 drill program is well underway, with definition drilling beginning at three of the eight zones of mineralization. The objective is to begin developing uranium resources. Exploration drilling will continue with the objective of discovering new zones of mineralization and extending the size of the eight zones of mineralization that have already been discovered.
In other news, Gerard A. Pallotta was elected as Director of Xemplar on May 27th, 2009 and its wholly owned Namibian subsidiary Namura Mineral Resources (Pty) Ltd. (“Namura”) on June 4th, 2009. Peter Koep, in his desire to focus his energy on his legal practice, elected not to run for nomination as Director and as such, effective May 27th, 2009 is no longer a Director of Xemplar. As well, Mr. Koep resigned as Director of Namura on June 4th, 2009. The Board wishes to express its appreciation for Mr. Koep’s contribution during his tenure as Director of Xemplar. Mr. Koep, who is based in Namibia, has been retained by the Company as legal counsel and will continue to be the Trustee of Namura’s Warmbad Trust Fund. Lastly, Mike Magrum, Xemplar’s Technical Director, was appointed as Chief Operating Officer, formalizing his role in heading up all operational plans and activities of the company.
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,
“Simon Tam”
Simon Tam, CEO and Director
Xemplar Energy Corp.
Disclaimer and Cautionary Statement Regarding Forward-Looking Information
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction.
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.
Xemplar Energy Corp. seeks safe harbor.
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA9840071042
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.
Vancouver, British Columbia, Canada, June 24, 2009 – The Board of Directors of Xemplar Energy Corp. (TSX-Venture: XE, Frankfurt: E7R, Namibia: XEM) (“Xemplar” or the “Company”) is pleased to report chemical assay results for a further nineteen drill holes from the Company’s 2008/2009 drill program at the Big Yellow mineralized zones located at its 100% owned Warmbad Uranium project in southern Namibia.
Simon Tam, Chief Executive Officer states “Xemplar’s 2009 drill program continues to meet our expectations. The chemical assay results clearly demonstrate the size potential of our mineralized zones.”
Highlights of chemical assay results from the Company’s 2008/2009 drill program at Big Yellow West, East, and Center are shown in the ensuing three tables. Additional assay results for all drill holes currently reported on are available on the Company’s website www.xemplar.ca.
Big Yellow West: http://www.irw-press.com/dokumente/Xemplar_290609_Table1.pdf
Big Yellow West: http://www.irw-press.com/dokumente/Xemplar_290609_Table2.pdf
In addition to the above assay results reported for Big Yellow West, 40 intervals of 1 to 3 meters with grades ranging from 101.8 parts per million (PPM) (0.01%) to 337.87 PPM (0.034%) were also noted.
RCBYW0026 is of particular interest, as grades of 895.5 PPM (0.090%) U3O8 over 3 meters from 45 meters to 48 meters (including 1 meter from 45 to 46 meters at 1,824.5 PPM, or 0.182% and including 1 meter from 46 meters to 47 meters at 766.0 PPM or 0.08%) was encountered.
Big Yellow East: http://www.irw-press.com/dokumente/Xemplar_290609_Table3.pdf
In addition to the above assay results reported for Big Yellow East, 14 intervals of 1 to 3 meters with grades ranging from 100.3 parts per million (PPM) (0.01%) to 169.1 PPM (0.017%) were also noted, and available on the Company website. This includes assay results for Hole RCBYE0059, which is not listed in the above table, but is also available on the Company website.
Big Yellow Center: http://www.irw-press.com/dokumente/Xemplar_290609_Table4.pdf
In addition to the above assay results reported for Big Yellow Center, 30 intervals of 1 to 4 meters with grades ranging from 100.0 parts per million (PPM) (0.01%) to 631.7 PPM (0.063%) were also noted, and available on the Company website.
Two holes of particular interest are RCBYC0038,and RCBYC0039. In addition to the results shown in the table above, RCBYC0038 had one meter interval at 37 to 38 meters depth with grades of 412.4 PPM (0.041%) and at 103 meters to 104 meters depth with grades of 631.7 PPM (0.063%). RCBYC0039 had one meter interval at 87 to 88 meters with grades of 523.6 PPM (0.052%).
The 2009 drill program is well underway, with definition drilling beginning at three of the eight zones of mineralization. The objective is to begin developing uranium resources. Exploration drilling will continue with the objective of discovering new zones of mineralization and extending the size of the eight zones of mineralization that have already been discovered.
In other news, Gerard A. Pallotta was elected as Director of Xemplar on May 27th, 2009 and its wholly owned Namibian subsidiary Namura Mineral Resources (Pty) Ltd. (“Namura”) on June 4th, 2009. Peter Koep, in his desire to focus his energy on his legal practice, elected not to run for nomination as Director and as such, effective May 27th, 2009 is no longer a Director of Xemplar. As well, Mr. Koep resigned as Director of Namura on June 4th, 2009. The Board wishes to express its appreciation for Mr. Koep’s contribution during his tenure as Director of Xemplar. Mr. Koep, who is based in Namibia, has been retained by the Company as legal counsel and will continue to be the Trustee of Namura’s Warmbad Trust Fund. Lastly, Mike Magrum, Xemplar’s Technical Director, was appointed as Chief Operating Officer, formalizing his role in heading up all operational plans and activities of the company.
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,
“Simon Tam”
Simon Tam, CEO and Director
Xemplar Energy Corp.
Disclaimer and Cautionary Statement Regarding Forward-Looking Information
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction.
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.
Xemplar Energy Corp. seeks safe harbor.
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA9840071042
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.