Debut Diamonds has agreed to acquire a 70% interest in 33 diamond exploration targets near Nakina, Ontario, which an airborne magnetic survey has indicated may contain kimberlite pipes, the company announced Monday.

Debut President Chris Meraw said that planning was "well underway" to recover drill core samples from the targets in question and determine whether they contain diamondiferous kimberlites.

Diamond projects owned by Debut include the Uniform Surround, Pele Mountain, and Victor West claims. These are adjacent to De Beers' Victor diamond mine.