re: Ann: EME: Significant Uranium Intercepts ... MORE...

re: Ann: EME: Significant Uranium Intercepts ... MORE SIGNIFICANT URANIUM INTERCEPTS FROM BIGRLYI
Energy Metals, as manager of the Bigrlyi Joint Venture, is pleased to advise that follow-up
geochemical sampling has confirmed previously announced downhole gamma probe intercepts with
significant uranium (and vanadium) intercepts including:
B08004 6m @ 0.26% U3O8 & 0.79% V2O5 from 37m
B08008 5m @ 0.48% U3O8 & 0.50% V2O5 from 80m
B08021 4m @ 0.44% U3O8 & 1.22% V2O5 from 114m
Discussion
An Updated Scoping Study based on current resources at Bigrlyi (23.4 M lbs U3O8 & 43.7M lbs of
V2O5) was announced in July 2008 and indicated that the Bigrlyi project has the potential to produce
16.2M lbs U3O8 and 14.5M lbs of V2O5 over a mine life of 12 years. This study also identified excellent
potential to delineate additional resources which would further enhance project economics.
An RC and diamond drill program (total 89 holes) designed to extend shallow resource positions at
the A4 and A15 deposits commenced in early September 2008 and was completed in mid December
2008. Geochemical assays have now been received for the initial 38 RC holes from this program, with
31 holes intersecting anomalous uranium values (>100ppm U3O8). Geochemical assays from the
remaining 51 holes are expected early in the January 2009 quarter.
An initial review of the follow-up geochemical sampling indicates that results compare favourably with
the previously announced downhole gamma logging probe values. Minor radiometric disequilibrium,
as noted in the previous announcements, occurs at near surface levels.
The following table (Table 1) compares significant uranium assays (>0.1% U3O8) received recently
with downhole gamma logging results previously announced to ASX.
Further downhole probe results and follow up geochemical assays will be released as they become
available.
LINDSAY DUDFIELD
Executive Director.