Intersects U3O8 Mineralization Over 57 Metres at Aluriesfontein

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Intersects U3O8 Mineralization Over 57 Metres at Aluriesfontein

posted on May 05, 2009 02:53PM

May 5, 2009

Xemplar Intersects U3O8 Mineralization Over 57 Metres at Aluriesfontein

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 5, 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 seventeen drill holes from the Company's successful 2008-2009 drill program at Aluriesfontein on the Warmbad Uranium project in Namibia.

During the 2008 calendar year, Xemplar completed 40,000 metres of reverse circulation drilling in 230 drill holes primarily at Aluriesfontein and Big Yellow, and at Gaobis and Leopard Trap to a lesser degree. On January 19, 2009, the Company commenced with its 2009 drilling program.

Simon Tam, CEO, states, "Though not all chemical assay results from our 2008 drill program have been received, from an operational perspective, 2008 has been a real success for Xemplar. The results of our drill program have demonstrated continuity of uranium mineralization within eight zones. With the advancements in geological knowledge made by our geologists, the priority targets that have been drilled and are being drilled are finding uranium mineralization over greater widths. The success that we have achieved with our 2008 drill program at Warmbad provides us with the optimism for further success with our 2009 drill program."

Highlights of chemical assay results from the Company's 2008 drill program at Aluriesfontein alaskite body are shown in the following table:

--------------------------------------------------------------------------
                                                           Grade     Grade
              Aluries-   Hole                             (parts   (percen-
              fontein  Inclin-   From       To    Width      per      tage)
Drill Hole       Zone   ation (metres) (metres) (metres) million)       (i)
--------------------------------------------------------------------------
RCALU0093      Area 1     -90      43       48        5    224.5    0.022%
                      degrees
            --------------------------------------------------------------
  Including                        46       47        1    551.0    0.055%
--------------------------------------------------------------------------
RCALU0094      Area 5     -90      49       57        8    101.1    0.010%
                      degrees
            --------------------------------------------------------------
                                   66       78       12    102.3    0.010%
            --------------------------------------------------------------
                                  128      134        6    137.3    0.014%
            --------------------------------------------------------------
  Including                       132      133        1    428.3    0.043%
            --------------------------------------------------------------
                                  160      167        7    102.6    0.010%
            --------------------------------------------------------------
  Including                       166      167        1    251.8    0.025%
            --------------------------------------------------------------
                                  187      197       10    107.8    0.011%
            --------------------------------------------------------------
  Including                       195      196        1    195.9    0.020%
--------------------------------------------------------------------------
RCALU0095      Area 1     -90     122      132       10    111.6    0.011%
                      degrees
            --------------------------------------------------------------
  Including                       122      124        2    232.5    0.024%
            --------------------------------------------------------------
                                  160      165        5    142.2    0.014%
--------------------------------------------------------------------------
RCALU0096      Area 5     -90     147      153        6    101.5    0.010%
                      degrees
--------------------------------------------------------------------------
RCALU0097      Area 1     -90      95      101        6    169.3    0.017%
                      degrees
            --------------------------------------------------------------
  Including                        87       98        1    432.4    0.043%
--------------------------------------------------------------------------
RCALU0100      Area 5     -90      20       26        6    168.7    0.017%
                      degrees
            --------------------------------------------------------------
  Including                        21       24        3    236.9    0.024%
            --------------------------------------------------------------
                                   56       64        8    107.4    0.011%
            --------------------------------------------------------------
                                   71       91       20    109.6    0.011%
            --------------------------------------------------------------
  Including                        76       77        1    234.5    0.023%
            --------------------------------------------------------------
                                   95      101        6    111.4    0.011%
            --------------------------------------------------------------
                                  110      116        6    100.8    0.010%
            --------------------------------------------------------------
                                  138      145        7    106.8    0.011%
            --------------------------------------------------------------
                                  173      186       13    102.8    0.010%
            --------------------------------------------------------------
  Including                       178      179        1    228.6    0.023%
--------------------------------------------------------------------------
RCALU0101       North     -50      46       54        8    146.9    0.015%
               Area 1 degrees
            --------------------------------------------------------------
  Including                        50       51        1    230.7    0.023%
            --------------------------------------------------------------
  Including                        53       54        1    206.0    0.021%
            --------------------------------------------------------------
                                   63       71        8    108.1    0.011%
            --------------------------------------------------------------
  Including                        68       69        1    241.5    0.024%
--------------------------------------------------------------------------
RCALU0103      Area 5     -90      34       42        8    101.7    0.010%
                      degrees
--------------------------------------------------------------------------
RCALU0104       North     -50       3       27       24    143.5    0.014%
               Area 1 degrees
            --------------------------------------------------------------
  Including                         7        8        1    280.8    0.028%
            --------------------------------------------------------------
  Including                        12       13        1    269.3    0.027%
            --------------------------------------------------------------
  Including                        16       17        1    378.8    0.038%
            --------------------------------------------------------------
  Including                        23       24        1    339.3    0.034%
            --------------------------------------------------------------
  Including                        25       26        1    325.6    0.033%
            --------------------------------------------------------------
                                  104      110        6    100.4    0.010%
--------------------------------------------------------------------------
RCALU0105      Area 5     -90     131      140        9    112.0    0.011%
                      degrees
            --------------------------------------------------------------
                                  143      200       57    103.6    0.010%
            --------------------------------------------------------------
  Including                       152      153        1    236.4    0.024%
            --------------------------------------------------------------
  Including                       168      169        1    200.9    0.020%
            --------------------------------------------------------------
  Including                       176      177        1    273.7    0.027%
            --------------------------------------------------------------
  Including                       184      185        1    248.9    0.025%
            --------------------------------------------------------------
  Including                       191      192        1    208.9    0.021%
--------------------------------------------------------------------------
RCALU0106      Area 3     -90      32       62       30    101.1    0.010%
            Extension degrees
            --------------------------------------------------------------
  Including                        45       46        1    314.5    0.031%
            --------------------------------------------------------------
  Including                        55       56        1    226.4    0.023%
--------------------------------------------------------------------------
RCALU0109      Area 3     -90      50       56        6    153.9    0.015%
            Extension degrees
            --------------------------------------------------------------
  Including                        51       52        1    205.4    0.021%
            --------------------------------------------------------------
  Including                        54       55        1    227.4    0.023%
--------------------------------------------------------------------------
(i) Rounded to the nearest 1/1000th of percentile.

The results in the table above show all intercepts greater than 5 metres and with grades greater than 100 PPM (0.010%) U3O8. Please refer to the assay tables in the appendix of this news release for a complete summary of chemical assay results from the above 12 holes, plus seven others, where assay results greater than 100 PPM or 0.010% U3O8 over one metre are reported. Further assay results from the 2008 drill program are forthcoming. Drill holes are planned to give true width intercepts.

Drilling continues at Warmbad (currently at Aluriesfontein and Big Yellow) and planning is underway to begin drilling at the Girtis target.

William Harley, Xemplar's President, adds: "We have learnt a great deal about the Aluriesfontein and Big Yellow alaskite bodies over the past 12 months. With our growing confidence in the deposit model at Warmbad, the radioactive anomalies at Girtis are compelling targets. Our priorities for 2009 remain steadfastly focused on defining new uranium zones at Warmbad, extending the size of the eight mineralized zones, and working to develop a resource at one or more of the eight zones that have been discovered. With CDN$14.5 million cash on hand and a current annualized burn rate of CDN$7.0 million, we are extremely well positioned to carry out our planned activities."

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 Aluriesfontein (using a 100 parts per 
million (PPM) / 0.01% U3O8 cut-off grade)

--------------------------------------------------------------------------
                                                           Grade     Grade
              Aluries-                                    (parts   (percen-
              fontein            From       To    Width      per      tage)
Drill Hole       Zone     Dip (metres) (metres) (metres) million)       (i)
--------------------------------------------------------------------------
RCALU0092      Area 5     -90     140      143        3    118.9    0.012%
                      degrees
            --------------------------------------------------------------
                                  155      159        4    104.7    0.010%
            --------------------------------------------------------------
                                  174      178        4    162.4    0.016%
            --------------------------------------------------------------
  Including                       175      176        1    340.0    0.034%
--------------------------------------------------------------------------


--------------------------------------------------------------------------
                                                           Grade     Grade
              Aluries-                                    (parts   (percen-
              fontein            From       To    Width      per      tage)
Drill Hole       Zone     Dip (metres) (metres) (metres) million)       (i)
--------------------------------------------------------------------------
RCALU0093      Area 1     -90      32       33        1    106.9    0.011%
                      degrees
            --------------------------------------------------------------
                                   43       48        5    224.5    0.022%
            --------------------------------------------------------------
  Including                        45       46        1    264.4    0.026%
            --------------------------------------------------------------
  Including                        46       47        1    551.0    0.055%
            --------------------------------------------------------------
                                   51       52        1    153.1    0.015%
            --------------------------------------------------------------
                                   56       59        3    114.8    0.011%
            --------------------------------------------------------------
                                  115      116        1    133.1    0.013%
            --------------------------------------------------------------
                                  155      156        1    113.0    0.011%
--------------------------------------------------------------------------


--------------------------------------------------------------------------
                                                           Grade     Grade
              Aluries-                                    (parts   (percen-
              fontein            From       To    Width      per      tage)
Drill Hole       Zone     Dip (metres) (metres) (metres) million)       (i)
--------------------------------------------------------------------------
RCALU0094      Area 5     -90      49       57        8    101.1    0.010%
                              degrees
            --------------------------------------------------------------
                                   66       78       12    102.3    0.010%
            --------------------------------------------------------------
                                   81       82        1    104.4    0.010%
            --------------------------------------------------------------
                                  128      134        6    137.3    0.014%
            --------------------------------------------------------------
  Including                       132      133        1    428.3    0.043%
            --------------------------------------------------------------
                                  137      138        1    113.5    0.011%
            --------------------------------------------------------------
                                  140      142        2    109.0    0.011%
            --------------------------------------------------------------
                                  146      150        4    108.7    0.011%
            --------------------------------------------------------------
                                  160      167        7    102.6    0.010%
            --------------------------------------------------------------
                                  166      167        1    251.8    0.025%
            --------------------------------------------------------------
                                  187      197       10    107.8    0.011%
            --------------------------------------------------------------
  Including                       195      196        1    195.9    0.020%
--------------------------------------------------------------------------


--------------------------------------------------------------------------
                                                           Grade     Grade
              Aluries-                                    (parts   (percen-
              fontein            From       To    Width      per      tage)
Drill Hole       Zone     Dip (metres) (metres) (metres) million)       (i)
--------------------------------------------------------------------------
RCALU0095      Area 1     -90      27       28        1    120.5    0.012%
                      degrees
            --------------------------------------------------------------
                                   44       45        1    103.4    0.010%
            --------------------------------------------------------------
                                  110      113        3    145.5    0.015%
            --------------------------------------------------------------
  Including                       110      111        1    274.3    0.027%
            --------------------------------------------------------------
                                  122      132       10    111.6    0.011%
            --------------------------------------------------------------
  Including                       122      124        2    232.5    0.023%
            --------------------------------------------------------------
                                  135      136        1    143.3    0.014%
            --------------------------------------------------------------
                                  141      142        1    149.6    0.015%
            --------------------------------------------------------------
                                  145      146        1    179.7    0.018%
            --------------------------------------------------------------
                                  160      165        5    142.2    0.014%
            --------------------------------------------------------------
                                  168      172        4    160.3    0.016%
            --------------------------------------------------------------
  Including                       169      170        1    262.4    0.026%
--------------------------------------------------------------------------


--------------------------------------------------------------------------
                                                           Grade     Grade
              Aluries-                                    (parts   (percen-
              fontein            From       To    Width      per      tage)
Drill Hole       Zone     Dip (metres) (metres) (metres) million)       (i)
--------------------------------------------------------------------------
RCALU0096      Area 5     -90      86       88        2    118.7    0.012%
                      degrees
            --------------------------------------------------------------
                                  101      102        1    132.1    0.013%
            --------------------------------------------------------------
                                  143      146        3    115.9    0.012%
            --------------------------------------------------------------
                                  147      153        6    101.5    0.010%
--------------------------------------------------------------------------


--------------------------------------------------------------------------
                                                           Grade     Grade
              Aluries-                                    (parts   (percen-
              fontein            From       To    Width      per      tage)
Drill Hole       Zone     Dip (metres) (metres) (metres) million)       (i)
--------------------------------------------------------------------------
RCALU0097      Area 1     -90      72       76        4    219.7    0.022%
                              degrees
            --------------------------------------------------------------
  Including                        72       74        2    272.0    0.027%
            --------------------------------------------------------------
                                   95      101        6    169.3    0.017%
            --------------------------------------------------------------
  Including                        95       96        1    258.7    0.026%
            --------------------------------------------------------------
  Including                        97       98        1    432.4    0.043%
            --------------------------------------------------------------
                                  104      107        3    144.2    0.014%
            --------------------------------------------------------------
  Including                       106      107        1    223.5    0.022%
            --------------------------------------------------------------
                                  112      113        1    108.8    0.011%
            --------------------------------------------------------------
                                  131      132        1    144.3    0.014%
            --------------------------------------------------------------
                                  169      171        2    102.7    0.010%
            --------------------------------------------------------------
                                  173      175        2    136.1    0.014%
            --------------------------------------------------------------
                                  191      192        1    122.3    0.012%
            --------------------------------------------------------------
                                  193      194        1    101.2    0.010%
            --------------------------------------------------------------
                                  198      199        1    102.1    0.010%
--------------------------------------------------------------------------


--------------------------------------------------------------------------
                                                           Grade     Grade
              Aluries-                                    (parts   (percen-
              fontein            From       To    Width      per      tage)
Drill Hole       Zone     Dip (metres) (metres) (metres) million)       (i)
--------------------------------------------------------------------------
RCALU0100      Area 5     -90      20       26        6    168.7    0.017%
                      degrees
            --------------------------------------------------------------
  Including                        21       24        3    236.9    0.024%
            --------------------------------------------------------------
                                   56       64        8    107.4    0.011%
            --------------------------------------------------------------
                                   71       91       20    109.6    0.011%
            --------------------------------------------------------------
  Including                        76       77        1    234.5    0.023%
            --------------------------------------------------------------
                                   95      101        6    111.4    0.011%
            --------------------------------------------------------------
                                  110      116        6    100.8    0.010%
            --------------------------------------------------------------
                                  119      122        3    104.2    0.010%
            --------------------------------------------------------------
                                  127      130        3    123.8    0.012%
            --------------------------------------------------------------
                                  138      145        7    106.8    0.011%
            --------------------------------------------------------------
                                  155      156        1    121.6    0.012%
            --------------------------------------------------------------
                                  173      186       13    102.8    0.010%
            --------------------------------------------------------------
  Including                       178      179        1    228.6    0.023%
--------------------------------------------------------------------------


--------------------------------------------------------------------------
                                                           Grade     Grade
              Aluries-                                    (parts   (percen-
              fontein            From       To    Width      per      tage)
Drill Hole       Zone     Dip (metres) (metres) (metres) million)       (i)
--------------------------------------------------------------------------
RCALU0101       North     -50      46       54        8    146.9    0.015%
               Area 1 degrees
            --------------------------------------------------------------
  Including                        50       51        1    230.7    0.023%
            --------------------------------------------------------------
  Including                        53       54        1    206.0    0.021%
            --------------------------------------------------------------
                                   63       71        8    108.1    0.011%
            --------------------------------------------------------------
  Including                        68       69        1    241.5    0.024%
            --------------------------------------------------------------
                                  104      106        2    127.5    0.013%
            --------------------------------------------------------------
                                  108      109        1    106.2    0.011%
            --------------------------------------------------------------
                                  112      113        1    154.4    0.015%
            --------------------------------------------------------------
                                  197      200        3    172.4    0.017%
            --------------------------------------------------------------
  Including                       198      199        1    266.3    0.027%
--------------------------------------------------------------------------


--------------------------------------------------------------------------
                                                           Grade     Grade
              Aluries-                                    (parts   (percen-
              fontein            From       To    Width      per      tage)
Drill Hole       Zone     Dip (metres) (metres) (metres) million)       (i)
--------------------------------------------------------------------------
RCALU0102      Area 3     -90      12       16        4    107.9    0.011%
            Extension degrees
            --------------------------------------------------------------
                                   48       50        2    114.7    0.011%
            --------------------------------------------------------------
                                   51       53        2    126.2    0.013%
--------------------------------------------------------------------------


--------------------------------------------------------------------------
                                                           Grade     Grade
              Aluries-                                    (parts   (percen-
              fontein            From       To    Width      per      tage)
Drill Hole       Zone     Dip (metres) (metres) (metres) million)       (i)
--------------------------------------------------------------------------
RCALU0103      Area 5     -90      34       42        8    101.7    0.010%
                     degrees
--------------------------------------------------------------------------


--------------------------------------------------------------------------
                                                           Grade     Grade
              Aluries-                                    (parts   (percen-
              fontein            From       To    Width      per      tage)
Drill Hole       Zone     Dip (metres) (metres) (metres) million)       (i)
--------------------------------------------------------------------------
RCALU0104       North     -50       3       27       24    143.5    0.014%
               Area 1 degrees
            --------------------------------------------------------------
  Including                         7        8        1    280.8    0.028%
            --------------------------------------------------------------
  Including                        12       13        1    269.3    0.027%
            --------------------------------------------------------------
  Including                        16       17        1    378.8    0.038%
            --------------------------------------------------------------
  Including                        23       24        1    339.3    0.034%
            --------------------------------------------------------------
  Including                        25       26        1    325.6    0.033%
            --------------------------------------------------------------
                                   36       37        1    110.2    0.011%
            --------------------------------------------------------------
                                   43       44        1    112.8    0.011%
            --------------------------------------------------------------
                                   54       57        3    112.0    0.011%
            --------------------------------------------------------------
                                   74       75        1    115.9    0.012%
            --------------------------------------------------------------
                                   78       80        2    133.3    0.013%
            --------------------------------------------------------------
                                   89       91        2    176.7    0.018%
            --------------------------------------------------------------
                                  104      110        6    100.4    0.010%
            --------------------------------------------------------------
                                  152      153        1    102.8    0.010%
--------------------------------------------------------------------------


--------------------------------------------------------------------------
                                                           Grade     Grade
              Aluries-                                    (parts   (percen-
              fontein            From       To    Width      per      tage)
Drill Hole       Zone     Dip (metres) (metres) (metres) million)       (i)
--------------------------------------------------------------------------
RCALU0105      Area 5     -90      70       71        1    139.1    0.014%
                      degrees
            --------------------------------------------------------------
                                  109      110        1    123.1    0.012%
            --------------------------------------------------------------
                                  113      114        1    133.3    0.013%
            --------------------------------------------------------------
                                  116      117        1    101.0    0.010%
            --------------------------------------------------------------
                                  131      140        9    112.0    0.011%
            --------------------------------------------------------------
  Including                       139      140        1    223.0    0.022%
            --------------------------------------------------------------
                                  143      200       57    103.6    0.010%
            --------------------------------------------------------------
  Including                       152      153        1    236.4    0.024%
            --------------------------------------------------------------
  Including                       168      169        1    200.9    0.020%
            --------------------------------------------------------------
  Including                       176      177        1    273.7    0.027%
            --------------------------------------------------------------
  Including                       184      185        1    248.9    0.025%
            --------------------------------------------------------------
  Including                       191      192        1    208.9    0.021%
--------------------------------------------------------------------------


--------------------------------------------------------------------------
                                                           Grade     Grade
              Aluries-                                    (parts   (percen-
              fontein            From       To    Width      per      tage)
Drill Hole       Zone     Dip (metres) (metres) (metres) million)       (i)
--------------------------------------------------------------------------
RCALU0106      Area 3     -90      26       27        1    127.5    0.013%
            Extension degrees
            --------------------------------------------------------------
                                   32       62       30    101.1    0.010%
            --------------------------------------------------------------
  Including                        45       46        1    314.5    0.031%
            --------------------------------------------------------------
  Including                        55       56        1    226.4    0.023%
--------------------------------------------------------------------------


--------------------------------------------------------------------------
                                                           Grade     Grade
              Aluries-                                    (parts   (percen-
              fontein            From       To    Width      per      tage)
Drill Hole       Zone     Dip (metres) (metres) (metres) million)       (i)
--------------------------------------------------------------------------
RCALU0107      Area 4     -90     112      116        4    100.3    0.010%
                      degrees
            --------------------------------------------------------------
                                  120      121        1    113.2    0.011%
            --------------------------------------------------------------
                                  126      127        1    109.2    0.011%
            --------------------------------------------------------------
                                  132      133        1    112.4    0.011%
--------------------------------------------------------------------------


--------------------------------------------------------------------------
                                                           Grade     Grade
              Aluries-                                    (parts   (percen-
              fontein            From       To    Width      per      tage)
Drill Hole       Zone     Dip (metres) (metres) (metres) million)       (i)
--------------------------------------------------------------------------
RCALU0108      Area 3     -50      10       12        2    114.4    0.011%
                      degrees
            --------------------------------------------------------------
                                   31       32        1    113.4    0.011%
            --------------------------------------------------------------
                                   38       39        1    146.4    0.015%
            --------------------------------------------------------------
                                   71       73        2    130.7    0.013%
            --------------------------------------------------------------
                                  155      156        1    142.1    0.014%
--------------------------------------------------------------------------


--------------------------------------------------------------------------
                                                           Grade     Grade
              Aluries-                                    (parts   (percen-
              fontein            From       To    Width      per      tage)
Drill Hole       Zone     Dip (metres) (metres) (metres) million)       (i)
--------------------------------------------------------------------------
RCALU0109      Area 3     -90       0        1        1    155.1    0.015%
            Extension degrees
            --------------------------------------------------------------
                                    4        8        4    116.0    0.012%
            --------------------------------------------------------------
                                    9       10        1    116.5    0.012%
            --------------------------------------------------------------
                                   11       12        1    106.1    0.011%
            --------------------------------------------------------------
                                   44       45        1    130.7    0.013%
            --------------------------------------------------------------
                                   50       56        6    153.9    0.015%
            --------------------------------------------------------------
  Including                        51       52        1    205.4    0.021%
            --------------------------------------------------------------
  Including                        54       55        1    227.4    0.023%
            --------------------------------------------------------------
                                  125      126        1    110.7    0.011%
--------------------------------------------------------------------------


--------------------------------------------------------------------------
                                                           Grade     Grade
              Aluries-                                    (parts   (percen-
              fontein            From       To    Width      per      tage)
Drill Hole       Zone     Dip (metres) (metres) (metres) million)       (i)
--------------------------------------------------------------------------
RCALU0110      Area 4     -90      63       64        1    144.7    0.014%
                      degrees
            --------------------------------------------------------------
                                  137      138        1    106.6    0.011%
--------------------------------------------------------------------------
(i) Rounded to the nearest 1/1000th of percentile.

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