Debut has joint venture and wholly owned properties which include the previously discovered MacFadyen Kimberlites as well as the Pele, Victor West, and Uniform Surround claim blocks adjoining the De Beers’ Victor Mine. The Diagnos Initiative and Kyle Kimberlites are within and adjacent to the Ring of Fire. Other exploration initiatives also include the Wawa Project, Nakina Project and Canada Chrome Soil Sampling joint venture.
Debut Diamonds main project is the MacFadyen Kimberlites. The MacFadyen Kimberlites are adjacent to the De Beers Victor Mine in northern Ontario.
Debut Diamonds has signed an option agreement to earn a 70% operating interest in a group of 28 claims contained in a 3 x 7 kilometre area located 125 km north of Nakina in the James Bay Lowlands (see Project Location box).
Debut Diamonds and KWG Resources Inc. (TSX.V: KWG) subsidiary company Canada Chrome Corporation (“CCC”), have come to an agreement which provides it with access to a valuable geotechnical database covering a 330 kilometre north-south transect through the base-metal-rich and diamond-bearing area from the Ring of Fire to Nakina (Proposed CCC Railway Route in RED below).
The Pele, Victor West and Uniform Surround properties comprise a group of 96 claims adjoining the MacFadyen Kimberlites (5 claims), as well as the north and west sides of the De Beers Victor property.
The five Kyle Kimberlite properties are located north and south of the Attawapiskat River in the James Bay Lowlands area of northern Ontario, approximately 130 kilometres west of the De Beers Victor Mine, and consist of diamondiferous kimberlites.
The Wawa joint project consists of exploration land located 35 km north of the town of Wawa, Ontario. Debut has a 48.89% interest in the Wawa joint project with Spider Resources Inc. (“Spider’) the operator, owning the balance. Cliffs Natural Resources Inc. acquired Spider in 2010 and subsequently renamed the company Cliffs Chromite Far North Inc. This document will continue to refer to Spider as all agreements are in this name.
The Diagnos Initiative is a joint venture between KWG Resources Inc. (“KWG”) and Spider Resources Inc. comprised of widely dispersed claims east and north of the McFaulds Lake area.
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