DDI Debut Diamonds Inc

Debut Diamonds Inc. (CNSX:DDI) (the "Company" or "Debut") is pleased to announce
that its fall work program at Timmins South is well underway as per Debut's
Letter Of Intent ("LOI") with Fletcher Nickel Inc. ("Fletcher") (Canadian
Unlisted Board: FL) to enter into an Option Agreement (the "Option") where Debut
would be entitled to earn up to a 65% joint venture interest in 65 contiguous
unpatented mining claims (totalling 730 claim units) covering an area of 116.5
square kilometers; collectively referred to as the Muskrat, Beaver Tail and
Otter claim groups. 


Option terms require Debut to spend $2,500,000 on the Property by December 31,
2014 (with $500,000 to be spent by December 31, 2012) to earn an initial 50%
interest in the Property (excluding nickel and cobalt minerals which shall
remain the property of Fletcher). An additional 15% interest in the Property can
be earned by Debut underwriting the entire cost of a feasibility study on any
deposit found (excluding nickel and cobalt mineral deposits) within the ensuing
5 years, provided that Debut maintains the Option in good standing by also
paying Fletcher $100,000 per annum commencing January 1, 2013.


At Beaver Tail, line cutting is complete totalling 33.5 kilometers and an IP
survey is underway and expected to be finished within the next three weeks. At
the Otter property, line cutting has begun on the Matawest Extension grid (which
will total 42.8 kilometers) and a selective IP and magnetometer survey is
scheduled for January, 2013. Both geophysical surveys, along with results from
the recently completed prospecting program, will assist in selecting diamond
drill targets along contact of the Deloro and Tisdale assemblages which has
identified anomalous gold values associated with locally sheared, brecciated,
and highly altered ultramafic volcanics that have been intruded by numerous
feldspar porphyry and syenite dykes oriented sub-parallel to the contact. Debut
is Operator of the project.


"While our recently completed Phase One exploration program at the company's
Nakina Project didn't visually identify any kimberlite in core, we're none the
less very pleased to be moving forward quickly and efficiently with our fall
work program at Timmins South, in preparation for Debut's proposed 10 hole,
2,000 meter winter drill program in early 2013" said Chris Meraw, President of
Debut Diamonds.


About Debut Diamonds - Debut has joint venture and wholly owned properties which
include the previously discovered MacFadyen Kimberlites and the Pele, Victor
West, and Uniform Surround claim blocks adjoining the De Beers' Victor Mine.
Also located in northern Ontario are the Nakina Project, Wawa Project and Canada
Chrome Soil Sampling joint venture. The Kyle Kimberlites and Diagnos Initiative
are within and adjacent to the Ring of Fire. The Timmins South Project is
located south of the Texmont mine in Northern Ontario. 


Forward-Looking Statement - No stock exchange, securities commission or other
regulatory authority has approved or disapproved the information contained
herein. 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.


Shares issued and outstanding: 54,590,934

For further information please visit the company's website at
www.DebutDiamonds.com. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Debut Diamonds Inc.
Bruce Hodgman
VP Corporate Communications
(416) 642-3575
info@kwgresources.com
www.DebutDiamonds.com

Debut Diamonds (CSE:DDI)
Graphique Historique de l'Action
De Nov 2024 à Déc 2024

Debut Diamonds (CSE:DDI)
Graphique Historique de l'Action
De Déc 2023 à Déc 2024