Office Talk..Re:..Website, Date of Record, Upbeat on Properties
posted on
Aug 31, 2011 02:35PM
Adding Diamonds to the "Ring" of Fire
I had a lengthly conversation yesterday with the office and here are some of those hi-lights.
A new Website will be launched on or before Sept 15/2011
Record Date will be set for distribution of Debut Diamonds Inc shares on or before Sept 15/2011.
Very upbeat on all the diamond properties.
A bonus maybe in the offering based on the conversation and the last news release as stated here....."This exchange will provide KWG with additional shares of Debut for distribution to the KWG shareholders while providing Debut with sufficient working capital to qualify for listing", said KWG President Frank Smeenk.
This will all come in one or more News Releases between now and Sept 15th/2011.
Re-cape on the Diamond Properties and planned work on those.
New high-sensitivity-resolution magnetic survey to be completed at Victor area claims
Debut also contracted recently for completion of a new high-sensitivity/high-resolution airborne magnetic survey this summer over the entire MacFadyen area claim blocks, adjacent to the De Beers Victor Mine, at a budget of $1 million.
Option on 33 new diamond targets north of Nakina to be earned by drilling this summer
Debut has also agreed to acquire a 70% operating interest in a group of 28 claim blocks which each contain potential kimberlite pipe targets as determined by analysis of airborne magnetic data north of Nakina generated in 2010 by the Ontario Geological Survey. The area of the claim blocks straddles the Canada Chrome line of claims. Under an agreement with the vendors, Debut will issue 1.5 million shares, pay $30,000 plus 1.7 million KWG shares, and incur a total of $750,000 of exploration expenditures for an option to acquire the interest. Debut must pay $25,000 and issue 600,000 shares in each of the following two years to exercise the option. In order to complete the exploration expenditure a program is planned for later this summer to recover at least one drill core sample from each of 33 high priority targets to determine if they are kimberlites and diamondiferous.
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The long wait is coming to a close very shortly but I know this has taken many months of very hard work to execute.
Kudos, to Frank Smeenk and Staff
Have a great day
.......RL