Warmbad Pensioners to Benefit from Xemplar Grant - by Desie Heita


WINDHOEK - Xemplar Energy, which last week announced the discovery of sizeable uranium deposits at Warmbad, said it would soon start assisting pensioners in Warmbad with a N$150 monthly grant in addition to the State pension grant.

Newly established Warmbad Community Trust would administer the additional grant to pensioners. The objective is to assist the Warmbad community as it has a big number of old people caring for younger children, and is ravaged by unemployed and poverty.

Warmbad is located more than 700 kilometres south of Windhoek.

Xemplar Energy said in a year's time it would assess if the additional grant to the old people has improved the social well-being of the community. The assessment would help to decide whether to make the grant assistance long-term or look at other alternatives means of supporting the community.

Exploration company, Xemplar Energy, is listed on the Development Capital Board of the Namibian Stock Exchange, as well as on the Toronto Stock Exchange, and on the Frankfurt bourse.

Xemplar Energy has been conducting exploration drilling at Warmbad through wholly owned Namibian Uranium (Namura) Mineral Resources, which holds the Exclusive Prospecting Licences in the Karas Region.

Through Namura Mineral Resources, Xemplar currently holds Exploration Prospecting Licences for the Cape Cross, Aus, Garub and Warmbad properties totalling 7Â 382 square kilometres.

Last week, Xemplar announced that it found geological bodies at Warmbad similar to those at Rössing Uranium and Valencia Uranium Mine in the Erongo Region.

A further announcement was made this week that results from additional nine drillings are positive just as with the first findings.

"These results, coupled with previously announced drill results from Aluriesfontein continue to expand the size of the five mineralised zones that have been identified. The grades encountered are consistent with the grade of the Valencia deposit," the company said in a statement issued on Monday.
Warmbad area has no existing geological records, unlike the Erongo Region where records do exist from previous surveys of yester years.

Xemplar Energy said its primary focus in Namibia is the Warmbad project, where it is actively engaged in an exploration drilling programme and where significant uranium mineralisation is being encountered.

"The company had originally identified 14 large anomalously radiometric alaskitic bodies, which have since been redefined as five larger bodies as some of the original alakite bodies merge with each other. Of these, the Aluriesfontein is the largest, covering 36 square kilometres. Alaskitic rocks also host the Rössing mine in Namibia, which produced 3 046 tonnes, representing 7 percent of the global production of uranium oxide in 2007. With 16 million Canadian dollars on hand, the company is in a strong financial position to execute its exploration programmes for the next 24 months," Xemplar said in a statement.

http://www.newera.com.na/article.php...

14 January 2009