Debut's drilling did not intersect IP target at Timmins

2013-03-21 14:55 ET - News Release

Mr. Bruce Hodgman reports

DEBUT DIAMONDS ANNOUNCES RESULTS FROM ITS PHASE ONE DIAMOND DRILL PROGRAM

Debut Diamonds Inc. has released results from its phase 1 diamond drill program on its Timmins South property, located 50 kilometres south of Timmins, Ont.

Five holes were drilled for a total of 880 metres on the Beavertail claim block, part of the Timmins South property optioned from Fletcher Nickel Inc. (see press release dated Oct. 23, 2012). Drilling targeted an 800-metre-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 dikes 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 dikes.

Drill hole TS13-05 did not intersect the induced polarization (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, which will follow up on assay results obtained from the 2012 fall prospecting program that returned values of up to 5.56 grams per tonne 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.