MONTREAL, QUEBEC--(Marketwire - Sep 25, 2012) -
This document corrects and replaces the press release that was sent today September 25th at 8:52 AM EDT.
Ditem Explorations (TSX VENTURE:DIT) is pleased to announce that it has signed a letter of intent with an arm''s length third party to acquire a 100% interest in the Bruell gold property in Vauquelin Townshiip near Val-d''Or, Abitibi. The Bruell Property is composed of 43 claims for a total of 2,474 hectares (24.74 km²). The link to a map presenting the location of Bruell, the regional geology and gold highlights and some occurences is: http://www.ditem.com/bruellpropertymap.pdf
The Bruell Property is situated about 30 km east of Val-d''Or in the Abitibi Greenstone Belt along the Garden Island Deformation Zone. It is underlain by mafic volcanic rocks (basalt) and some intermediate tuffaceous units of the Aurora Group (Assup Domain) to the north, and seudimentary rocks (sandstone, siltstone and mudstone) of the Garden Island Domain, to the south. The contact between the Aurora Group of the Assup Domain and the Garden Island Domain is marked by an east-west to northwest-southeast deformation zone called the Garden Island Deformation Zone. The mafic volcanic units of the Aurora Group are intruded by numerous porphyritic felsic dykes and dioritic magnetic dykes and by the synvolcanic granodioritic Bruell Pluton. From previous work, mineralized zones are mainly composed of quartz +/- carbonate +/- tourmaline veins and lenses with pyrite and free gold. These zones are found within sub-vertical east-west shear zones associated to the Garden Island Deformation Zone.
The Property contains three important gold showings at Avocalon and Bruell 1 and 2 as well as several others. Previous work and reports have established a historical resource to date of a minimum of 165,000 metric tonnes at 4.78 g/t for a total of about 25,000 ounces of gold. (The Qualified Person has not done sufficient work to classify the historical estimate as current mineral resources, and the issuer is not treating the historical estimate as current mineral resources.) The facies of the generally untested Bruell Pluton is of particular interest for further exploration programs. The Bruel Property has excellent exploration and development potential and work will begin as soon as possible.
According to the letter of intent, in return for a 100% interest in the property, Ditem will pay to the vendor a total of $150,000 over a 12 month period in three $50,000 payments and a total of 2 million shares over 2 years. The vendor will also hold a 2% NSR on the property, subject to a 1% buy back for $1 M in favour of Ditem
Ditem is an exploration and development company with properties in Quebec situated in the Detour Gold Trend, the North Shore near La Romaine, 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), President of Ditem Explorations 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.