Vancouver, BC / April 21, 2015 – Dajin Resources Corp. (“Dajin”) (DJI:CA) (DJIFF) is pleased to report that the company’s wholly owned subsidiary, Dajin Resources (US) Corp. has received lithium assay results from a sediment sampling program carried out on Dajin’s 100% owned Alkali Lake project in Esmeralda County, Nevada. There were eight widely spaced locations sampled and fourteen sediment samples submitted for analysis. The program confirmed the presence of near surface lithium in all fourteen samples ranging from a low value 73 ppm to the high value of 382 ppm. There were two assays that returned lithium values greater than 300 ppm and seven assays with values greater than 90 ppm.
Upon completion of the analysis and interpretation of the sampling program, Dajin is planning to carry out further ground based geophysical and sampling surveys in order to better define the depth and size of the aquifers within the Alkali Lake basin and their Lithium concentrations.
Alkali Lake consists of 138 placer claims covering an area of 2,811 acres (1,138 hectares). The property is located approximately 7 miles (12 km) northeast of Rockwood Lithium’s Clayton Valley lithium operation, the only producing brine based lithium mine in operation in North America. The Rockwood Lithium operation was recently acquired by Albemarle Corp., the world’s largest producer of lithium products, as part of a $6.2 billion transaction.
Like Clayton Valley, Alkali Lake is a classic, fault bounded closed basin where evaporation exceeds precipitation. Alkali Lake is in a known geothermal area and contains volcanic rocks with high lithium values. Just as with circulating basin waters, deep fluids, particularly hot ones associated with the geothermal resource, dissolve rocks, liberating boron, lithium and other elements such as sodium and chloride. These minerals are brought to the surface as springs emanating from the faults bounding the playa. The location of a closed basin in an arid environment with a geothermal system and plentiful sources of Lithium suggest that Alkali Lake may host significant Lithium rich brines.
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 company by Catherine Hickson, P.Geo, a qualified person.
About Dajin: (www.dajin.ca)
Dajin is an early stage energy metals exploration company holding a 100% interest in placer claims known to contain lithium and boron values in the Teels Marsh region of Mineral County, Nevada. These claims, which cover 2,187 hectares (5,405 acres), was the birth place of US Borax Corp’s first borax mine. Dajin also hold a 100% interest in placer claims known to contain lithium values covering 1,138 hectares (2,811 acres) in the Alkali Lake region of Esmeralda County, Nevada, 12 kilometers (7 miles) northeast of Rockwood Lithium’s Clayton Valley lithium brine operation.
In South America Dajin 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
The TSX Venture Exchange has not reviewed and does not accept responsibility
for the adequacy or accuracy of this release.
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