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Message: Grading 0.012% U3O8 at Big Yellow / investor call on Wed Jan 14th
| January 8, 2009 |
| Xemplar Intersects 54 Metres Grading 0.012% U3O8 at Big Yellow |
| VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 8, 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 assay results for a further six drill holes drilled on its Warmbad uranium project in Namibia. The geological environment is the same as that hosts the Rossing uranium mine (operated by Rio Tinto), which produced 7% of the world's uranium in 2007, and 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 East, West, and Centre Zones, continue to expand the size of the three mineralized zones that 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 West, Hole RCBYW0013: - 54 metres grading 0.012% U3O8, from 22 metres to 76 metres. - 5 metres grading 0.010% U3O8, from 138 metres to 143 metres. Big Yellow Centre, Hole RCBYW0029: - 10 metres grading 0.036% U3O8 from 40 metres to 50 metres, including 1 metre at 0.202% (2,016.1 parts per million) from 47 metres to 48 metres. - 4 metres grading 0.016% U3O8, from 84 metres to 88 metres. Big Yellow West, Hole RCBYW0010: - 6 metres grading 0.027% U3O8, from 44 metres to 50 metres. - 6 metres grading 0.010% U3O8 from 62 metres to 68 metres. Big Yellow West, Hole RCBYW0016: - 10 metres grading 0.017% U3O8, from 27 metres to 37 metres. - 5 metres grading 0.012% U3O8 from 175 metres to 180 metres. Big Yellow West, Hole RCBYW0014: - 4 metres grading 0.014% U3O8, from 72 metres to 76 metres. - 5 metres grading 0.012% U3O8, from 82 metres to 87 metres. - 3 metres grading 0.017% U3O8 from 94 metres to 97 metres. Big Yellow West, Hole RCBYW0015: - 7 metres grading 0.010% U3O8, from 61 metres to 68 metres. - 7 metres grading 0.012% U3O8, from 71 metres to 78 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 6 holes. Assays greater than 100 parts per million, or 0.010% U3O8 over one metre are reported. Xemplar Energy plans to execute 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 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. - The size of the drill program will be dependant on the requirements to achieve the above goals. The Company owns 10 drills which will be used on the various drill sites. Other News The Board of Directors of Xemplar Energy will be hosting an investor conference call on Wednesday, January 14, 2009. Please refer to the Company website, http://www.xemplar.ca for details. |
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