July 23, 2015 / TheNewswire / Vancouver, BC - Dajin Resources Corp. (“Dajin”) ($DJI:CA) ($DJIFF) is pleased to report that the company’s wholly owned subsidiary, Dajin Resources (US) Corp. has completed a 550 station gravity survey at Alkali Lake.
The Alkali Lake property consists of 138 placer claims covering an area of 1,138 hectares (2,811 acres) of the enclosed basin. Surface sampling in March and April, 2015, confirmed the presence of near surface lithium. The results of the gravity survey are now undergoing processing to create a 3D image of the basin that will define its depth and volume. The depth of sediment in the basin as well as any geological structures that might be present are necessary parameters to define the potential volume of the basin before proceeding with additional exploration.
The basin is situated approximately 12 km east-northeast of Rockwood Lithium’s Clayton Valley/Silver Peak lithium operation, the only producing brine based lithium mine in operation in North America. Like Clayton Valley, Alkali Lake is a classic, fault bounded basin. Historically the basin was a catchment area on the northeast side of the Clayton Valley basin and may have been one of the sources of lithium brines into that basin. 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.
Dajin is an early stage energy metals exploration company who in addition to the Alkali Lake claims noted above, 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 lie about 35 miles (55 kms) ENE of the Mono Lake Crater, a lithium rich Mega Volcano that could have been a source for lithium rich volcanic ashes blown eastward to deposition in local basins such as Teels Marsh. Borax is a mineral family common to many of these lithium brine deposits and Teels Marsh was the birth place of US Borax Corp’s first borax mine. Both properties also have geothermal systems (hot springs) associated with them which may have had some influence on the development of lithium rich brines in the respective basins.
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. Dajin recently completed an agreement with the Tres Morres community for exploration of the 4,400 hectare (10873 acres) San Jose and Navidad concessions within Salinas Grande.
For further information please contact:
DAJIN RESOURCES CORP.
Brian Findlay, President
Phone: 604-681-6151; Fax: 604-689-7654
The TSX Venture Exchange has not reviewed and does not accept responsibility
for the adequacy or accuracy of this release.
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