For the Cape Cross Project, which is situated within the Uranium Corridor in Namibia, regional and detailed surface radiometric surveys discovered approximately eight radiometric anomalies.
Extensive ground exploration has been undertaken by Xemplar geologists and grab samples have returned values ranging from 938ppm to U-13,300ppm U.
A new target area has been identified, and it displays high grade surface mineralization with spectrometer readings increasing with depth in excavated areas and in naturally exposed bedrock.
An extensive and systematic surface exploration program along seven (800m long) traverses is in progress.
Xemplar will carry out a surface exploration program in early 2011, which will comprise detailed geological mapping, surface radiometric surveys, surface sampling and a drill program in the Mile 72 target areas.
For Big Yellow West, mineralization along a 1,200m strike length has been outlined and remains open in both strike directions, and the average uranium grade of the mineralized zone is approximately 120 to 130ppm.
For Big Yellow East, three relatively thin zones of mineralization have been identified, and typical uranium grades and thicknesses of these mineralized zones are 19m @ 152.2ppm (including 10m @ 167.3ppm) and 14m @ 144.7ppm (including 9m @ 167.2ppm).
In Houms-River, uranium mineralization along a 500m strike length has been identified with good potential to extend the zone of mineralization along a 1,800m strike length.
Typical grade and thickness along the known 500m strike length is 47m @ 165ppm, 22m @ 133ppm, 10m @ 214.9ppm and 17m @ 204.5ppm.
