Gravity Survey Confirms Alkali Lake as a Deep Closed Basin 4,000 Feet (1,200 Meters) in Depth

Press Releases |

August 13, 2015 / 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 received the results from the recently completed gravity survey at Alkali Lake.  The survey was completed by Magee Geophysical Services LLC of Reno, Nevada and the 3D gravity and airborne magnetic basin modeling was prepared by Wright Geophysics Inc. of Elko, Nevada.

The total number of gravity stations used in the 3D gravity interpretation was 566.  Wright Geophysics also reprocessed public domain airborne magnetic data.  The gravity model shows the claim area is underlain by a circular basin estimated at 4,000 feet in depth (1,200 m).  It is separated from an adjacent basin to the east by a structure likely related to the Walker Lane Shear Zone. The magnetic data indicates a Mesozoic aged intrusive body to the north of the claim area.  These features are important for understanding the geometry of this complex basin and for estimating its potential volume. Click to view map

Dajin’s 100% owned Alkali Lake property consists of 138 placer claims covering an area of (2,811 acres) 1,138 hectares of the enclosed basin. Surface sampling in March and April, 2015, confirmed the presence of near surface lithium. The basin is situated approximately 7.5 miles (12 km) east-northeast of Rockwood Lithium’s Clayton Valley lithium operation, the only producing brine based lithium mine in operation in North America.  In addition, Alkali Lake claims are 12 miles (20 km) east-northeast of Pure Energy’s Clayton Valley project. Like Clayton Valley, Alkali Lake is a classic, fault bounded closed basin.  Click to view 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 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 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 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.  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 Grande salar.

 

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.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Emerging Growth

Inception Mining Inc

Inception Mining Inc a mining exploration stage company engaged in the acquisition, exploration, and development of mineral properties, for gold from owned mining properties.

Private Markets

WayBetter

The spark hit Jamie when he saw co-workers competing to lose weight. Instead of pizzas and subs, they were eating salads and jogging along the river. Some were sneakily leaving…

Snapchat

Snapchat is the fastest way to share a moment with friends. The mobile app, allows users to not only share photos with friends but also control how long they can…