Debut Diamonds Announces Results from Its Phase One Diamond Drill Program
March 21 2013 - 2:36PM
Marketwired Canada
Debut Diamonds Inc. (CNSX:DDI) (the "Company" or "Debut") announces results from
its Phase 1 diamond drill program on its Timmins South Property, located 50 km
south of Timmins, Ontario.
Five holes were drilled for a total of 880 m on the Beavertail claim block, part
of the Timmins South Property optioned from Fletcher Nickel Inc. (see press
release dated October 23rd, 2012). Drilling targeted an 800 m long structural
corridor with numerous chargeability anomalies associated with anomalous bedrock
grab samples.
Drill holes TS13-01 through to TS13-04 intersected anomalous gold values
associated with mineralized felsic to intermediate dykes and fuchsitic
ultramafics that have been subjected to moderate to strong quartz and carbonate
veining. Intensification of the fuchsite alteration increased in proximity to
the felsic to intermediate dykes.
Drill hole TS13-05 did not intersect the IP target as planned due to possible
faulting that has occurred in the immediate area which may have offset the
stratigraphy.
A spring prospecting program is scheduled to commence in May that will follow up
on assay results obtained from the 2012 fall prospecting program that returned
values of up to 5.56 g/t gold in an area of very little outcrop exposure.
Selective IP and magnetometer surveys will be integrated with the prospecting
results to delineate future diamond drill targets.
About Debut Diamonds
Debut has joint venture and wholly owned exploration properties, which include
the previously discovered MacFadyen Kimberlites and the Victor West, Uniform
Surround and Pele claim blocks, contiguous to De Beers' Victor Mine west of
James Bay Ontario. The Nakina Project, DIAGNOS Initiative, Kyle Kimberlites and
Canada Chrome Soil Sampling joint venture are also located in the James Bay
lowlands. The Company's Timmins South Gold project is located south of Timmins,
Ontario.
Forward-Looking Statement
The foregoing information contains forward-looking statements relating to the
future performance of Debut Diamonds Inc. Forward-looking statements,
specifically those concerning future performance, are subject to many risks and
uncertainties, and actual results may differ materially from Debut Diamonds Inc.
plans and expectations. These plans, expectations, risks and uncertainties are
detailed herein and from time to time in the filings made by Debut Diamonds with
the CNSX Exchange and securities regulators. Debut Diamonds does not assume any
obligation to update or revise its forward-looking statements, whether as a
result of new information, future events or otherwise, except as required by
law.
For further information please visit the company's website at
www.DebutDiamonds.com.
Shares issued and outstanding: 54,790,934
FOR FURTHER INFORMATION PLEASE CONTACT:
Debut Diamonds Inc.
Bruce Hodgman
VP Corporate Communications
(416) 642-3575
info@kwgresources.com
www.DebutDiamonds.com
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