Dajin Completes Agreement in Argentina

equities Canada |

July 15, 2015  /  Vancouver, BC  -  Dajin Resources Corp. (“Dajin”) ($DJI:CA) ($DJIFF) is pleased to report that the company’s wholly owned subsidiary, Dajin Resources S.A. has signed an agreement with the Cooperativa de Trabajo Minero Producción de Boratos Jujeños Ltda. (The Mining Cooperative for the Production of Borates, Ltd.) in Jujuy Province, Argentina (the "Cooperative").  The Cooperative holds the mining rights to two properties in the south-east part of Salinas Grandes.  This agreement has a payment of $US60,000 which gives Dajin the exclusive right to explore the property during the term of three (3) years.  At the end of the three years, Dajin has the right to Option the property for a thirty-year time period for a payment of $700,000. During production Dajin will pay the Cooperative a 3% royalty.

The mining leases held by the Cooperative, “Navidad” and “San Jose”, cover a total area of 4,400 hectares (10873 acres). An initial payment of $US20,000 has been made and the Cooperativa now must acquire the exploration permits to receive a further payment of $US40,000. These permits will be the first to be granted to Dajin for exploration work in Salinas Grandes, a salar where Dajin has staked ground of 80,248 hectares (198,000 acres).

Salinas Grandes is approximately 70 km to the east of the recently completed Lithium plants of Cauchari-Olaroz (Lithium America/Western Lithium) and Orocobre. Click to see map.

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and has been reviewed and approved on behalf of the Dajin by Dr. Catherine Hickson, P.Geo, a qualified person.

About Dajin: (www.dajin.ca)

Dajin is an early stage energy metals exploration company who holds the Alkali Lake property which consists of 138 placer claims covering an area of 1,138 hectares (2,811 acres) of the enclosed basin. It also holds a 100% interest in claims known to contain lithium and boron values in the Teels Marsh region of Mineral County, Nevada. These claims cover 2,187 hectares (5,405 acres), and were the birth place of US Borax Corp’s first borax mine.  

Dajin also holds a 100% interest in concessions or concession applications in Jujuy Province, Argentina that were acquired in regions known to contain brines with potassium, lithium and boron values.  These concessions total approximately 100,000 hectares (247,000 acres) with 80,248 hectares (198,000 acres) located in the Salinas Grandes/Guayatayoc salt lakes basin adjacent to concessions held by Orocobre Limited (ORL-T: TSX), who is partnered with Toyota Tsusho.

For further information please contact:

DAJIN RESOURCES CORP.

Brian Findlay, President

Phone:  604-681-6151; Fax: 604-689-7654

Email info@dajin.ca

 

The TSX Venture Exchange has not reviewed and does not accept responsibility

for the adequacy or accuracy of this release.

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