Xemplar Energy Corp. (TSX-Venture: XE) the uranium exploration and development company with interests in Namibia’s highly prospective uranium district, announced that it had been awarded two Exclusive Prospecting Licenses for the Garub property. The total area granted to Xemplar under the two licences is 188,417 hectares, and brings Xemplar’s total land package to 7,382 square kilometers.
Separately, Xemplar also confirmed that it had received the results and analysis from a recent ground radon survey at the Cape Cross project.
“The radon survey and analysis consisted of 1,042 radon cups on five detailed grids and a regional profile which identified a number of radiometric anomalies. This detailed work was conducted as a follow up on promising results returned from a 2,000 radon cup reconnaissance survey carried out in 2007,” the company added.
“Additional radon cup surveying will be carried out. Large portions of the Cape Cross project area are sand covered, limiting radiometric response, and as such, the most effective way to explore this type of terrain is to utilize radon detectors, which detects radon gas, a by-product of uranium decay.”
The results of the survey are now being correlated with historical geophysical and geomorphological data and reconnaissance drilling results to develop a drilling evaluation strategy for the property. An exploration drill campaign is also planned to test known palaeochannels.
Finally, Xemplar stated that drilling at the Warmbad Project was continuing, and reminded investors that it still had a strong cash balance of C$17.5 million which is enough to keep it busy for another 2 years.