News

Xemplar Identifies Uranium Rich Alaskitic Pegmatites in the Warmbad Area, Namibia

Xemplar Energy Corp. ("the Company") advises that its subsidiary Namura Mineral Resources (Pty) Ltd. is the beneficial holder of Exclusive Reconnaissance Licences (ERL) No. 63, No. 64 and No. 65, covering uranium exploration properties in Namibia. It is also the registered holder of a fourth pending ERL application (ERL No. 62) over the Engo Valley uranium deposit. These ERL cover various uranium occurrences and uranium mineralization types, which include Rossing, Langer Heinrich and sandstone-conglomerate hosted epigenetic/diagenetic-type deposits.

Warmbad Uranium Project - ERL 65

The Warmbad Uranium Project is located along the north side of the Orange River. The project area is covered by igneous rocks of the Orange River Group and of the Namaqualand Metamorphic belt, by Karoo sills and sediments and to a minor extent by sediments of the Nama Group and by alluvial deposits. High radiation patterns extend over most of the area. It has been found that the Houms River alaskitic pegmatites demonstrate a clear and anomalous uranium channel response.

Anomalous uranium occurrences within the license area were first discovered and mapped during the period 1979 to 1980 by Swanson Enterprises and Southern Sphere Uranium (Pty) Ltd. These uranium locations occur along a linear feature some 30 kilometres in length and 15 kms in width. The main uranium mineralization was found to occur in a pegmatitic granite (alaskite) body located in the northeast portion of the farm Houms River. This body was found to be roughly 800 metres by 2 kilometres in size. The main uranium minerals observed in the Houms River alaskites were uranophane and pitchblende. Areas of visual mineralization vary from 0.5 to several square metres in area.

The following assay results were obtained by Swanson Enterprises in 1980 from rock samples collected from the Houms River area. Samples were collected over a random closed loop traverse. The total area covered by the traverse was approximately 1 square kilometer. Eight samples were taken; these were of a minimum weight of 0.5 kg each.

The following was quoted in a Swanson Monthly report for the area:

"It is immediately obvious that the alaskite here is of an extraordinary high background uranium content and this factor together with the spread of the mineralized sections observed must make this an important area for possible economic uranium potential. A further positive feature is indicated in the U/Th ratio. Considering that the U/Th ratios at Rossing mine samples are in the order of 9:1 to 10:1 further enhances the quality of the material sampled."

The above geological data and assay results are historical in nature and do not presently conform to the standards as outlined in National Instrument 43-101. Xemplar has relied on information obtained from geological reports prepared by Swanson Enterprises and Southern Sphere Uranium (Pty) Ltd. Xemplar has not conducted sampling to verify the above grades.

In summary, Xemplar has carried out a comprehensive review of all previous exploration and evaluation work carried out within the area defined by the Exclusive Reconnaissance Licence No 65. This includes an interpretation of detailed airborne radiometric data covering the area. This review clearly shows that areas of anomalous uranium mineralization occur at many localities throughout the Warmbad licence area. The form of the mineralization is best described as uraniferous alaskitic pegmatites. These alaskitic pegmatites have a strong resemblance to the uraniferous alaskitic pegmatites found at the Rossing uranium mine located in the central part of Namibia.



Rossing currently produces 8% of world U3O8 production. In 2004 Rossing processed 19 million tons of rock to produce 3582 tons of U3O8. The mine has been operating since 1976. At the moment it contributes some 26% of Namibia's export earnings and is responsible for 10% of Namibia's domestic GDP. The uranium mineralization at Rossing occurs within an alaskitic pegmatite. It is a unique granite related uranium occurrence. Another similar uranium occurrence in Namibia is the Valencia uranium occurrence discovered in the early 1970's by Goldfields of South Africa. Forsys Metals Corporation is currently working on the Valencia property.



This review by Xemplar has clearly shown that uranium mineralization is known to occur at many localities throughout the ERL 65 licence area. As a result Xemplar/Namura on the 18th day of May 2006 filed an application for two exclusive prospecting licences (EPL's) within the Warmbad area. These are EPL's 3567 and 3568, totaling some 174,000 hectares in size. These EPL's cover all of the uranium occurrences discovered by Swanson Enterprises and many other uranium channel airborne anomalies identified by Xemplar/Namura while interpreting the airborne radiometric data for the area.



Xemplar believes that this area has a high potential to host an economic uranium ore body very similar to that found at Rossing.

Mike Magrum, PEng, a qualified person under National Instrument 43-101, has approved the technical content of this news release.

Xemplar Energy Corp.

"Gennen McDowall"

Gennen McDowall

President


The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

Go back to the previous page