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DIT

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Share Name Share Symbol Market Type
TSXV:DIT TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Ditem Acquires 2nd Claim Group in the Detour Gold Trend

05/12/2013 3:30pm

Marketwired Canada


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Raymond Savoie
(514) 875-9034
rs@ditem.com

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