Properties

Warmbad

WARMBAD PROJECT (EPL 3567 and 3568)

• Review of historical information on Warmbad, which included government airborne radiometric survey led to the acquisition of an Exclusive Reconnaissance License, which subsequently became and Exclusive Prospecting License for the property by Xemplar Energy.
• The conclusion drawn from the historical information was the Warmbad region had high potential to host a number of economic ore bodies.
  • Early findings showed numerous mineralization occurrences at many locations throughout the licensed area appearing to be similar to the uraniferous alaskites that occur at Rossing.
  • Other indicators included size of the uraniferous prospect and the occurrence of a major fault running through the property.
• The Warmbad Project is located in the extreme south of Namibia along the Orange River, bordering on South Africa and the EPL land package covers a surface area of 1,811 km².
• Interpretation of an airborne radiometric survey flown by the Company in 2007 showed radiometric anomalies on 14 large, anomalously radiometric alaskite bodies. Subsequent ground exploration activities (mapping and sampling) redefined the 14 alaskite bodies as five more extensive bodies.
• The exploration model is a Rossing style uranium occurrence, with the potential for uranium occurrence of low grade and high tonnage.
• To date, Xemplar Energy has been actively conducting exploration and definition drilling on the Aluriesfontein and Big Yellow alaskite bodies, with some drilling having take place at the Gaobis and Houms River alaskite bodies.
• Eight zones of uranium mineralized continuity has been identified – 5 at Aluriesfontein, and 3 at Big Yellow (one at BY East, BY Centre and BY West).
• With an inventory of 11 company owned and operated drill rigs, the Company plans on aggressively extending the eight identified zones of mineralization and discover other zones of mineralization at Warmbad.
• The challenge for Xemplar Energy remains finding economic mineralization.
  

Warmbad Property Presentation
Warmbad 43-101F1 Technical Report, May 4, 2006 (Roscoe Postle Associates Inc.)
Photo Gallery of Warmbad

Geological Description

The preliminary drilling results show that the intersection of the alaskites consist of relatively thin sheeted leuco-granites (i.e., light colored granite rocks) that were inter-layered with the country rocks of the Namaqua Metamorphic Complex.  Not all of the alaskites are mineralized, but the geological groundwork and the drilling confirmed the widespread uranium mineralization on the property.

A revised geological model for the ‘uraniferous alaskites’ at Warmbad has been introduced where six distinct alaskitic phases, one of which is mineralized has been identified.  Though there are geological differences, the alaskites at Warmbad share many geological features with the uraniferous alaskites of the Central Damara Orogen which include the Rossing, Valencia and Goniakontes uranium deposits.  The main difference at Warmbad is that the alaskites were formed during the late phases of the Namaqua Metamorphic event (some 1.7 to 2.0 billion years ago), which makes these alaskites considerably older than the Pan African aged deposits of the Central Damara Orogen.

The focus at Warmbad has moved from identifying radiometric anomalies to the systematic geological evaluation of the composite sheeted leuco-granites that were emplaced in favorable structures near the Tantalite Valley Shear Zone. Favorable sites for finding larger coalescing sheeted leuco-granites are located in the core zones of anticlines. This is particularly relevant at Big Yellow East which is currently being drilled. The second target, which is being drilled based on the Company’s enhanced geological understanding is at Aluriesfontein where a number of relatively flat lying leucogranite sheets may form a large composite body.

2009 Drill Program

1. Continue with exploration drilling at Big Yellow East, Centre, West; Aluriesfontein; Girtis, Houms River, Gaobis and Energy Ridge to discover new zones of mineralized continuity.
2. Continue with definition drilling to extend the eight mineralized zones of continuity identified at Big Yellow (East, Centre, West) and Aluriesfontein (five zones).
3. Prepare for Resource Study.
   

Drill Maps

Aluriesfontein (Click images to enlarge)

Big Yellow (Click images to enlarge)

Leopard Trap, Houms River, Gaobis (Click image to enlarge)

Digital Orthophoto Maps of Warmbad Target Areas

Please see below maps of the Warmbad Licence area showing targets that have been drilled to June 2008. Click on image to enlarge.

The following map shows the target areas, airborne radiometric anomalies and boreholes (click to enlarge photo to see borehole numbers) including borehole numbers of the Warmbad Alaskite body “Big Yellow”:

The following map shows the target areas, airborne radiometric anomalies and boreholes (enlarge photo to see borehole numbers) including borehole numbers of the Warmbad Alaskite bodies “Gaobis” and “Energy Ridge”:

The following map shows the target areas, airborne radiometric anomalies and boreholes (enlarge photo to see borehole numbers) including borehole numbers of the Warmbad Alaskite body “Aluriesfontein”: