DGAP-News
Dajin Resources Corp. proceeds with Exploration and Permitting for Teels Marsh in Nevada
DGAP-News: Dajin Resources Corp. / Key word(s): Interim Report/Preliminary
Results
Dajin Resources Corp. proceeds with Exploration and Permitting for Teels
Marsh in Nevada
16.12.2015 / 17:02
The issuer is solely responsible for the content of this announcement.
Results
Dajin Resources Corp. proceeds with Exploration and Permitting for Teels
Marsh in Nevada
16.12.2015 / 17:02
The issuer is solely responsible for the content of this announcement.
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PRESS RELEASE
DAJIN PROCEEDS WITH EXPLORATION AND PERMITTING FOR TEELS MARSH,
NEVADA
December 16, 2015 - Vancouver, BC - Dajin Resources Corp. ("Dajin") (TSX-V:
DJI) (OTC: DJIFF) (Frankfurt: A1XF20) is pleased to report that it is
advancing exploration and permitting at Teels Marsh.
Dajin has retained the services of Reno, Nevada-based geothermal and
mineral exploration geologist, Dr. Mark Coolbaugh, to carry out a
structural and stratigraphic analysis of Teels Marsh. Using gravity,
magnetic and Geoprobe data already collected, a new structural map of the
basin is being created. The work is focused on identification of drill
targets to test favourable aquifers that might contain lithium-rich brines.
Structural analysis reveals that Teels Marsh is bounded by faults and is
tectonically active. Thick accumulations of ash deposits could occur
beneath the marsh because the marsh occupies a closed basin and is located
east of the nearby Mono Lake, Long Valley Caldera (Bishop Tuff) and other
ash producing volcanic centres. These ash layers have proven to be the
most productive brine sources in Clayton Valley, where the only North
American lithium brine deposit is being mined by Rockwood Lithium Inc.
(Click to see figures. [Please remember to refresh your browser to see
updated material]).
The structural work, combined with the Geoprobe results, suggests that
stratigraphy similar to that found at Clayton Valley may be present at
Teels Marsh. Published information from the Rockwood operations show
relatively low lithium concentrations close to the playa edges, with higher
concentrations deeper in the basin, consistent with Dajin's findings so
far. The model similarity suggests the possibility that higher brine
lithium concentrations could exist in the central, deeper portions of the
basin. These studies will be used for locating exploration wells and a
seismic survey to be carried out in 2016. Permitting for these activities
is currently underway.
The technical information in this news release has been prepared in
accordance with the Canadian regulatory requirements of 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 holding a 100%
interest in 215 placer claims known to contain lithium and boron values in
the Teels Marsh region of Mineral County, Nevada. These claims, which
cover 4,574 acres (1,851 hectares), was the birth place of US Borax Corp's
first borax mine. Dajin also hold a 100% interest in 191 placer claims
covering 3,851 acres (1,558 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 Grande salar.
DAJIN RESOURCES CORP.
Brian Findlay, President
Suite 450-789 West Pender Street
Vancouver, BC V6C 1H2
Telephone: (604) 681-6151
Fax: (604)689-7654
Email: info@dajin.ca
www.dajin.ca
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
---------------------------------------------------------------------------
16.12.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
424353 16.12.2015
PRESS RELEASE
DAJIN PROCEEDS WITH EXPLORATION AND PERMITTING FOR TEELS MARSH,
NEVADA
December 16, 2015 - Vancouver, BC - Dajin Resources Corp. ("Dajin") (TSX-V:
DJI) (OTC: DJIFF) (Frankfurt: A1XF20) is pleased to report that it is
advancing exploration and permitting at Teels Marsh.
Dajin has retained the services of Reno, Nevada-based geothermal and
mineral exploration geologist, Dr. Mark Coolbaugh, to carry out a
structural and stratigraphic analysis of Teels Marsh. Using gravity,
magnetic and Geoprobe data already collected, a new structural map of the
basin is being created. The work is focused on identification of drill
targets to test favourable aquifers that might contain lithium-rich brines.
Structural analysis reveals that Teels Marsh is bounded by faults and is
tectonically active. Thick accumulations of ash deposits could occur
beneath the marsh because the marsh occupies a closed basin and is located
east of the nearby Mono Lake, Long Valley Caldera (Bishop Tuff) and other
ash producing volcanic centres. These ash layers have proven to be the
most productive brine sources in Clayton Valley, where the only North
American lithium brine deposit is being mined by Rockwood Lithium Inc.
(Click to see figures. [Please remember to refresh your browser to see
updated material]).
The structural work, combined with the Geoprobe results, suggests that
stratigraphy similar to that found at Clayton Valley may be present at
Teels Marsh. Published information from the Rockwood operations show
relatively low lithium concentrations close to the playa edges, with higher
concentrations deeper in the basin, consistent with Dajin's findings so
far. The model similarity suggests the possibility that higher brine
lithium concentrations could exist in the central, deeper portions of the
basin. These studies will be used for locating exploration wells and a
seismic survey to be carried out in 2016. Permitting for these activities
is currently underway.
The technical information in this news release has been prepared in
accordance with the Canadian regulatory requirements of 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 holding a 100%
interest in 215 placer claims known to contain lithium and boron values in
the Teels Marsh region of Mineral County, Nevada. These claims, which
cover 4,574 acres (1,851 hectares), was the birth place of US Borax Corp's
first borax mine. Dajin also hold a 100% interest in 191 placer claims
covering 3,851 acres (1,558 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 Grande salar.
DAJIN RESOURCES CORP.
Brian Findlay, President
Suite 450-789 West Pender Street
Vancouver, BC V6C 1H2
Telephone: (604) 681-6151
Fax: (604)689-7654
Email: info@dajin.ca
www.dajin.ca
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
---------------------------------------------------------------------------
16.12.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
424353 16.12.2015
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