Ditem Acquires 2nd Claim Group in the Detour Gold Trend
05 Dezember 2013 - 5:30PM
Marketwired
Ditem Acquires 2nd Claim Group in the Detour Gold Trend
MONTREAL, QUEBEC--(Marketwired - Dec 5, 2013) - Ditem
Explorations (TSX-VENTURE:DIT) is pleased to announce that it has,
subject to regulatory approval, signed a purchase agreement for a
100% interest in a block of claims in the Detour Gold Trend in
northwestern Quebec. The property, situated near the Ontario/Quebec
border to the east of the Detour Lake Mine, is composed of 261
mining claims situated in the core region of the Trend. With this
acquisition Ditem has now acquired a key land position in this
area.
Geologically, the claims are situated in the Harricana-Turgeon
Greenstone belt which also includes the Matagami, Joutel, Brouillan
and Casa Berardi mining districts. Specifically, the properties are
within the east-west Detour Gold Trend which extends from the
Detour Mine in Ontario to the Matagami area in Quebec. This trend
is mainly composed of mafic to intermediate volcanic rocks (basalt,
andesite) with local felsic volcanic rocks (dacite, rhyolite). The
mafic volcanic rocks are bordered to the south by sedimentary rocks
mainly composed of alternate wacke and mudrock units and local iron
formation and conglomerate, and to the north with biotite-rich
granodiorite and tonalite units of the Opatica Sub-Province. All
claims are situated on the major east-west deformation corridor now
referred to as the Detour Gold Trend. Previous and recent
exploration programs indicated northeast and northwest faults
within the deformation corridor which may be associated with gold
mineralization, as notably the Bug Lake fault.
According to the agreement and in return for an immediate 100%
interest in the properties, Ditem will pay to two arm's length
vendors a total of 12,000,000 shares, being 6,000,000 shares each.
The vendors will also hold a total 2% NSR (1% each) on the
properties subject to a 1% buy back for $1 M in favour Ditem.
Ditem is an exploration and development company with properties
in the Quebec side of the Detour Gold Trend, in Val-d'Or with the
Bruell property, on the North Shore near La Romaine and in the
Otish Basin, and in Saskatchewan in the Athabasca Basin. Properties
and general information may be viewed on the Company's website at
www.ditem.com.
Mr. Mario Joly (M.Sc Geology) is the Qualified Person (as that
term is defined in National Instrument 43-101) who has reviewed
this news release and is responsible for the technical information
reported herein.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Raymond Savoie(514) 875-9034rs@ditem.com
(TSXV:DIT)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
(TSXV:DIT)
Historical Stock Chart
Von Jul 2023 bis Jul 2024