(TheNewswire)
Vancouver, BC / TheNewswire / April 4, 2017 - Dajin Resources Corp. (“Dajin”) (TSX-V: DJI) (OTC: DJIFF) (Germany: C2U1) is pleased to announce that it is releasing a National Instrument 43-101 report for its 100% owned Teels Marsh property in Mineral County, Nevada.
Dajin’s President, Brian Findlay remarked, “This report pulls together, interprets and verifies the results of the exploration work that Dajin has been undertaking at Teels Marsh since staking the property in 2014”. The report was prepared by Dajin Directors Dr. Mark Coolbaugh, CPG (the lead author) and Dr. Catherine Hickson, P. Geo, the Qualified Persons. Dajin’s exploration work has included auger sampling to a depth of 10 feet (3 meters), direct push drilling up to 200 feet (60 meters), completion of gravity and seismic surveys, and a structural analysis of basin development.
The significance of Dajin’s Teels Marsh project include identified near-surface Lithium brines, granted water rights, and minimal land fragmentation due to other stakeholders in the project area. The basin beneath the playa is up to 8,200 feet (2,500 metres) deep and has a catchment area of 313 miles2 (811 km2). Additionally, groundwater from the nearby Huntoon Valley catchment area (116 miles2 / 300 km2 in size) may flow into Teels Marsh. Teels Marsh basin also most likely contains significant quantities of ash from the Long Valley Caldera (Bishop Tuff). The Bishop Tuff deposit in Clayton Valley (50 miles / 80 km) to the south-east of Teels Marsh) is the Silver Peak Lithium mine’s (owned by Albemarle Holdings) most prolific brine producing aquifer.
In March, the Bureau of Land Management accepted Dajin’s Notice to proceed with civil works and drilling as recommended in the report. Dajin is now contracting these aspects in order to advance the exploration to test the deep potential for Lithium. Copies of the NI 43-101 report can be obtained by clicking here.
The technical information in this press release has been prepared in accordance with the Canadian regulatory requirements of National Instrument 43-101 and has been reviewed and approved on behalf of Dajin Resources Corp. by Dajin Directors, Dr. Catherine Hickson, P. Geo and Dr. Mark Coolbaugh, CPG, the Qualified Persons.
About Dajin: (www.dajin.ca)
Dajin is an early stage Lithium exploration company holding a 100% interest in 403 placer claims covering 7,914 acres (3,202 hectares) in the Teels Marsh region of Mineral County, Nevada. These claims are known to contain Lithium and Boron values and are adjacent to the birth place of US Borax Corp’s first borax mine. Dajin also holds a 100% interest in 191 placer claims covering 3,851 acres (1,558 hectares) in the Alkali Lake region of Esmeralda County, Nevada, located 7 miles (11 kilometers) northeast of Albemarle Holding’s Silver Peak Lithium brine operation in Clayton Valley.
Dajin, through Dajin Resources S.A. (“Dajin S.A.”), holds concessions or concession applications in Jujuy Province, Argentina that were acquired in regions known to contain brines with Lithium, Potassium, and Boron values. These concessions exceed 93,000 hectares (230,000 acres) and are primarily located in the Salinas Grandes/Guayatayoc salt lakes basin. Dajin S.A. is partnered with LSC Lithium Corporation who has agreed to spend $2,000,000 to earn a 51% interest in Dajin S.A.’s Lithium properties while building a significant presence in Argentina. (click here for information on LSC Lithium Corporation)
ON BEHALF OF THE BOARD OF DIRECTORS For further information please contact:
Brian Findlay Julie Hajduk at 604-609-6151or julie@dajin.ca
President & CEO Head of Corporate Development
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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