Dajin Resources (U.S.) Corp., a wholly owned subsidiary of Dajin Resources Corp ($DJI:CA) ($DJIFF), has received positive geoprobe results from the company’s Teels Marsh placer claims. High-conductivity brines were intersected between surface and 195 feet, indicating the potential for commercially important lithium concentrations.
The preliminary exploration program, conducted by Pediment Gold LLC, will aid in the defining subsurface properties of the marsh in preparation for deep drilling. Also, analytical work is being directed by Western Environmental Testing Laboratories and sediment analysis, in an effort to determine the mineral species that contains the Lithium and Boron x-ray diffraction, was done by the Geothermal Research Group at the University of Utah.
Kicked off by the construction of Tesla Motors ($TSLA) gigafactory, Dajin is one of several exploration companies flocking to the mineral rich state of Nevada to help meet the increasing demand for lithium-ion batteries. The Teels Marsh property, once heavily prospected by the “Borax” Smith, is the site of an active geothermal system similar to Clayton Valley, Alkali Lake and other valleys with known Lithium concentrations.
Dajin has had a number of favorable developments in recent months. In September, the company purchased water rights to the Teels Marsh Project. Furthermore, an energy metals company with strategically located brine based lithium exploration projects in both North and South America, Dajin has plans to move forward with their 100% interest in 25 mineral concessions within Argentina’s“Lithium Triangle.” The “Lithium Triangle” is reported to contain nearly 80% of the world’s supply of lithium.
The Teels Marsh property continues to yield promising growth prospects for Dajin. Based on analysis of Dajin's gravity data and these new geochemical results, Dajin has staked an additional 65 placer claims increasing its claims to 215 comprising 4,574 acres (1,851 hectares), further cementing their place in the Nevada lithium race.
For more information about Dajin Resources, visit www.dajin.ca.
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