Xemplar Energy Corp.
Xemplar Energy Corp.: XEMPLAR REPORTS FIRST DRILL RESULTS FROM WARMBAD URANIUM PROJECT – NAMIBIA
Xemplar Energy Corp. / Miscellaneous Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- February 4th, 2008, Vancouver - Xemplar Energy Corp (TSX-Venture: XE, Frankfurt: E7R, Namibia: XEM) ('Xemplar' or the 'Company') is pleased to announce that drilling at the company’s wholly owned Warmbad Project has intersected broad zones of uranium mineralisation. To date drilling has been confined to two of the 14 known uraniferous granite (Alaskitic) bodies. Drilling at Warmbad commenced on October 15th, 2007 and continued until the middle of December 2007. During this seven-week period some 2,064 metres of both diamond drilling and reverse circulation drilling (RC) was carried out. These drill results constitute the first set of drilling data from the Warmbad area. The Warmbad area has been shown to contain 14 Uraniferous (alaskitic) bodies spread over an area approximately 40 kilometres by 28 kms. Warmbad Drill Results Uranium assay results for the main mineralised sections intersected in the first 12 holes drilled into the uraniferous granite bodies, Big Yellow and Gaobis are presented in the table below; results for the RC hole RCBY10 have not yet been received. The best hole was RCBY-7 drilled in the central portion of the Big Yellow body. The single highest grade intersect was from RCBY-7 where a two metre section from 173m to 175 returned 490 ppm U3O8. If you cant view the table below please go to www.xemplar.ca Warmbad Drilling Results – 2007 Drill ProgramBorehole Easting Northing From To Width Grade UTM UTM (m) (m) (m) ppm U3O8 Big-Yellow RC Holes RCBY3 262105 6820256 13.7 18.28 4.58 108 45.72 80.772 35.052 100 including 57.912 64.008 6.096 381 EOH 88 hole to be deepened RCBY4 262120 6820009 7 16 9 109 Borehole Easting Northing From To Width Grade UTM UTM (m) (m) (m) ppm U3O8 23 45 22 104 including 26 29 3 180 57 76 19 101 135 155 20 90 162 176 14 103 including 170 174 4 286 190 198 8 116 EOH 201 RCBY5 262019 6819970 10 75 65 97 132 151 19 93 183 187 4 219 EOH 200 RCBY6 261895 6819827 64 71 4 108 EOH 84 RCBY7 262250 6820251 6 55 49 98 including 37 43 6 145 including 47 48 2 246 97 104 7 100 124 134 10 102 140 188 48 116 including 168 188 20 180 which includes 172 178 6 302 which includes 173 175 2 490 EOH 193 RCBY8 261457 6819723 0 31 31 100 38 43 5 111 63 107 44 94 including 63 82 19 140 which includes 73 82 9 206 Borehole Easting Northing From To Width Grade UTM UTM (m) (m) (m) ppm U3O8 including 94 100 6 127 179 181 2 143 EOH 201 RCBY9 262921 6821092 37 40 3 103 101 104 3 97 140 144 4 105 152 156 4 103 EOH 201 RCBY10 262988 6820598 results pending EOH 201 Diamond Holes DBY2 262150 6820139 0 4.38 4.38 100 14.6 48.17 33.57 101 72.71 79.88 7.17 101 127.98 142.29 14.31 110 196.01 196.75 0.74 198 EOH 196.75 Gaobis Diamond Holes DGAO1 248974 6815787 0 23.09 23.09 101 including 8.6 11.46 2.86 194 88.09 98.16 10.07 94 EOH 146.98 DGAO2 249373 6815981 30.36 57.63 27.27 129 including 41.79 53.44 11.65 181 140.14 144.53 4.39 109 EOH 175.49 RC Holes RCGAO1 248999 6815880 0 7.62 7.62 96 EOH 88 hole to be deepened Borehole Easting Northing From To Width Grade UTM UTM (m) (m) (m) ppm U3O8 RCGAO2 249125 6816067 19.81 42.67 22.86 111 EOH 88 hole to be deepenedThese results are very encouraging as they confirm the presence of mineralisation in large widths of uraniferous granite (alaskite) at depth. The drilling operations at Warmbad are under the supervision of Ralf Wartha, project geologist. Uraniferous Body - Big Yellow This elongated uraniferous granitic body has an outcropping strike length of approximately 3.5 kms and an apparent width greater than 300 metres. Drilling to date has concentrated on the south-eastern flank of the body. However two holes, the diamond drill hole DBY-2 and the RC hole RCBY-7, indicate the presence of higher grade mineralisation along the central axis of the body. A step out hole RCBY-11 has been drilled some 400 metres to the north-east of the hole RCBY-9. This hole (RCBY-11) intersected a thick succession of uraniferous granite and appears to indicate that the body extends further to the north east. Uraniferous Body – Gaobis This body has a strike length of some 4 kms and an apparent width of 900 metres. Four holes have been drilled in the central portion of the body. Further drilling will concentrate on the southern and northern portions of the body. Drilling Program 2008 Drilling at Warmbad resumed on the 17th of January 2008. As previously mentioned (News Release Dated: December 18, 2007) the current exploration strategy adopted by the company entails the 'grid' drilling of each uraniferous granite (alaskite) body to a depth of 200 metres. This will entail the drilling of between 10 and 15 vertical holes on each body. The company views this drilling program as a preliminary evaluation of each Alaskite. As of the end of January 2008 the company had a complement of 5 drilling rigs. This is made up of one contract RC rig, three company owned RC rigs and one company owned diamond drill rig. A second contract RC rig is expected by the middle of February 2008. Drilling will be completed at Big Yellow shortly. Drilling will also continue at Gaobis and Energy Ridge and will start at Aluriesfontein in early February 2008. Following this the smaller RC units will be moved to Girtis and Houms River. The table below lists each of the bodies discovered to date and their approximate outcrop size, a map showing the spatial distribution of these bodies can be seen on the company’s website (www.xemplar.ca). If you cant view the table below please go to www.xemplar.ca Warmbad Uraniferous Granites (alaskites) – January 2008 Outcrop (width) Outcrop (length) Alaskite Dimensions (kms) Dimensions (kms) Gaidip-Sandfontein ('Big Yellow') 0.3 3.5 Gaobis 0.9 4.0 Ramansdrift ('Energy Ridge') 0.4 3.0 Gaidip-Sandfontein ('Kink') 0.3 3.0 Gaidip-Sandfontein-South 0.2 5.0 Leopard Trap-West 0.3 2.0 Leopard Trap-East 0.3 1.0 Houms River Main-North 0.3 2.0 Houms River Main-Central 0.3 4.0 Houms River Main-South 0.2 2.0 Aluriesfontein 4.0 4.0 Norechab-Sandfontein 0.3 3.0 Girtis One 0.7 2.0 Girtis Two 0.5 2.0 Fieldwork - 2008 Geological field mapping at Aluriesfontein has been carried out by the company’s geologists during December 2007 and January 2008. They have concluded that the Aluriesfontein body appears to be a large intrusive batholith occupying an area of approximately 4 kms (North to South) by 4 kms (East to West). The intrusive is made up of predominantly coarse grained alaskite and to a lesser extent a fine even grained micro-Granite. The relation between these units is not clear; it is possible however that the micro-Granite is simply a thin capping, overlying the alaskite. Elsewhere at Aluriesfontein recent scree and sand covers the intrusive. As a result, the radiometric anomalies, especially in the middle of the body, are either subdued or absent. A truck mounted exploratory phase-one RC drill program will commence in early February 2008. Field mapping of the Girtis Alaskite has commenced. Drilling will be carried out using the smaller RC rigs which are easily transported by helicopter. Because of the rugged nature of the terrain, all movement of rigs will require helicopter support. Exclusive Prospecting License (EPL) - Status The company is also pleased to announce that as of the 31st of January 2008 the Ministry of Mines and Energy has renewed all of the company’s EPLs. These licenses have been extended from the original term of one year to an additional two years. 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. 'W.G. McDowall' W.G. McDowall President and CEO Contact Germany: Value Relations GmbH Tel.: +49 69 959246-11 n.arnautovic@vrir.de 04.02.2008 Financial News transmitted by DGAP ----------------------------------------------------------------------
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