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The company said some drill holes have returned grades as high as 0.04% and 0.038%.
The lowest grade has been 0.01 from a drill hole. Grades and continuity have prompted considerable optimism over the extent of mineralisation.
The company said a brisk development activity in the 2009 drill programme is well underway with the objective to begin developing the uranium resources.
"Exploration drilling continues with the objective of discovering new mineralisation zones and further extending the size of the eight zones of mineralisation that have already been discovered," the company said.
Namibia is known for low grade, large uranium deposits and is 4th largest uranium producer in the world. The country has several well-known mining companies in the uranium arena with Rio Tinto at the helm. Rio Tinto's RA¶ssing Mine produces 7% of all uranium in the world and contributes 26% to Namibia export earnings.
Other companies include Paladin Energy, whose Langer Heinrich project commenced production in May 2008, Areva -which is currently fast-tracking the development of its Trekkopje deposits - and Forsys Metals.
Xemplar is a Canadian company focused on uranium exploration in Namibia. The company holds 100% exploration rights on uranium properties in Engo Valley, Cape Cross, Aus-Garub and Warmbad.
The company currently holds Exploration Prospecting Licences (EPL) for its Cape Cross, Aus and Warmbad properties and is waiting for EPLs for its Engo Valley and Garub properties.
With the current EPLs that it holds, it is the largest uranium exploration licence holder in Namibia.
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