GREY:XEPRF - Post by User
Post by
drew17on Nov 27, 2006 9:48pm
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Post# 11760574
Corhill Airborne Survey Results???
Corhill Airborne Survey Results???I sent the below to Xemplar almost 2 weeks ago and have yet to receive a response. Does anyone know what the managements defintion of "a matter of days?"
I am a shareholder of XE and I would like to ask you a question about the below News Release.
It was mentioned that "Results are expected in a matter of days." As we are more than 3 months since this N.R. and there has not been an update on the results as of yet,
Q.1. What are the reasons for the delay in releasing the results?
I Thank you in advance for your response and I look forward to the companies success over the future years.
2006 August 11
Xemplar completes Corhill airborne survey
Helicopter-Borne Geophysical Survey Completed Corhill Uranium Property
Xemplar Energy Corp. has completed the helicopter-borne geophysical survey for its joint venture partner Garuda Ventures Canada Inc. over the Corhill uranium-gold-platinum property located in the Northwest Territories.
The airborne VTEM (time-domain electromagnetic and magnetic) survey was undertaken for the purposes of investigating the mineral potential of the property. Results are expected in a matter of days and upon receipt of the results Garuda will mobilize a crew with the objective of doing further exploratory work on the ground and defining drill targets.
The Corhill property comprises 18 mineral claims and covers 30,628 acres. The claims straddle the Northwest Territories/Nunavut border and are approximately 312 miles north-northwest of Yellowknife and 90 miles southwest of Kugluktuk (formerly named Coppermine).
The property holds potential for Athabasca basin-type unconformity uranium deposits and the genetically related Coronation Hill (Australia) type mineralization with associated gold and platinum group metals. The Corhill property does not have any substantiated mineral deposits or proven reserves of minerals. Garuda Ventures intends to carry out preliminary exploration work to ascertain whether the claims warrant advanced exploration to determine whether they possess commercially exploitable deposits of uranium, gold or platinum group metals. The current work being undertaken is part of this process.
The region was initially explored for radium due to the discovery of the radium mines at Port Radium. Subsequent exploration efforts focused on uranium potential and in the 1970s a number of uranium showings were identified, including two occurrences that are located on the property.
Xemplar Energy Corp.
Craig Walker
Director