Xemplar reports further good results from Big Yellow uranium deposit in Namibia

Xemplar Energy Corp (TSX-V: XE) said its 2009 drilling program continues to meet company expectations as it announced results for a further 19 drill holes at the Big Yellow mineralized zones located on its Warmbad uranium project in southern Namibia.

At Big Yellow West, hole RCBYW0019 encountered 22 metres at 110.1 parts per million triuranium octoxide, which included 1 metre at 339 ppm U3O8. Other highlights were RCBYW0024 finding 10 metres at 240.1 ppm, including 2 metres at 469.3 ppm U3O8, while RCBYW0026 encouintered 3 metres at 895.5 ppm which included 1 metre a 1,824.5 ppm.

RCBYE0062 at Big Yellow East found 18 metres 133.3 ppm of which 7 meters showed 203.8 ppm of U3O8.

At Big Yellow Center, results from RCBYC0031 show an intersection of 7 metres at 135.1 ppm, including 1 metre at 309.6 ppm. RCBYC0039 found 7 metres at 142.2 ppm of which 2 metres showed 294 ppm of U3O8.

Chief executive Simon Tam said: “Xemplar’s 2009 drill program continues to meet our expectations. The chemical assay results clearly demonstrate the size potential of our mineralized zones.”

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, the company added.

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