Vancouver, BC / September 10, 2015 - Dajin Resources Corp. (“Dajin”) ($DJI:CA) ($DJIFF) is pleased to report that the company’s wholly owned subsidiary, Dajin Resources (US) Corp. has applied for water rights with the Nevada Division of Water Resources (NDWR) for Dajin’s 100% owned Teels Marsh claims, located in Mineral County, Nevada.
Dajin retained Mahannah and Associates, LLC, Reno, Nevada to carry out the application process with NDWR on behalf of Dajin. The application is for a Lithium development project designed to produce at a pump rate of 620 gallons per minute, not to exceed 1,000 acre feet per annum has successfully made it through the publication and protest period without any protests or opposition to the water right appropriation. This is a major step in completing the permitting process with NDWR.
The Teels Marsh property is located approximately 50 miles (80 kilometers) northwest of the lithium production unit of Rockwood Lithium Inc., currently the only producing brine based lithium mine in operation in North America. The geological model for Clayton Valley is a similar fault bounded half graben that has been imaged by gravity and magnetics at Teels Marsh. Over time, faulting in these locations has created a deep basin trapping ground water within the sedimentary fill rich in volcanic sediments high in Lithium. Teels Marsh is also the site of an active geothermal system, similar to Clayton Valley, Alkali Lake and other valleys with known Lithium concentrations. Dajin holds 150 claims comprising 3,010 acres (1,218 hectares). Click to see maps. (Please remember to refresh your browser to see newest maps.)
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.
Management of Dajin has granted 600,000 incentive stock options to certain directors and officers at a price of $0.10 per share for a period of five (5) years pursuant to the terms and conditions of Dajin’s Stock Option Plan.
About Dajin: (www.dajin.ca)
Dajin is an early stage energy metals exploration company holding a 100% interest in 150 placer claims known to contain lithium and boron values in the Teels Marsh region of Mineral County, Nevada. These claims, which cover 3,010 acres (1,218 hectares), was the birth place of US Borax Corp’s first borax mine. Dajin also hold a 100% interest in claims covering 2,811 acres (1,138 hectares) in Alkali Lake region of Esmeralda County, Nevada, 12 kilometers (7 miles) northeast of Rockwood’s Clayton Valley Lithium operations.
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 (10,873 acres) San Jose and Navidad concessions within the Salinas Grandes salar.
DAJIN RESOURCES CORP.
Brian Findlay, President
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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