Dajin Initiates Exploration Program on Teels Marsh
Vancouver, BC / TNW-ACCESSWIRE / November 13, 2014 / Dajin Resources Corp. ("Dajin") (TSX-V: DJI) is pleased to announce that the company's wholly owned subsidiary, Dajin Resources (US) Corp. has commenced an initial near surface exploration program on Dajin 100% owned Teels Marsh claims which cover 2,187 hectares (5,405 acres) in Mineral County, Nevada. It has been reported, as a result of earlier sampling programs by the US Geological Survey (OFR: 76-567), the presence of lithium concentrations of up to 850 ppm. Western Geoscience, Inc., out of Mina, Nevada, has been retained to carry out an initial 70 hole shallow auger program to collect fluid and sediment samples.
The Teels Marsh property is located approximately 50 miles northwest of the Silver Peak Mine in Clayton Valley, the only producing brine based lithium mine operation in North America. The claims are adjacent to patented claims where borax was harvested by a forerunner of 20 Mule Team Borax, a member of the Rio Tinto Group. Tesla Motors Inc. has recently announced that they will construct a "Gigafactory" battery manufacturing facility in the vicinity of Reno, Nevada for the production lithium ion batteries.
About Dajin:
Dajin is an early stage energy metals exploration company holding a 100% interest in 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's recent oversubscribed private placement raised in excess of $1.2 million for Dajin's exploration programs and for general working capital.
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 Ltd. (ORL-T: TSX), who is partnered with Toyota Tsusho.
ON BEHALF OF THE BOARD OF DIRECTORS
The TSX Venture Exchange has not reviewed and does not accept responsibility for
the adequacy or accuracy of this release.
Copyright (c) 2014 TheNewswire - All rights reserved.