Dajin Reports Favourable Lithium Brine Assay Results from Teels Marsh, Nevada
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Vancouver, BC / TheNewswire / June 9, 2016 - Dajin Resources Corp. ("Dajin") (TSX-V: DJI) (OTC: DJIFF) (Frankfurt: A1XF20) is pleased to announce favourable results from an auger brine and sediment sampling program conducted in April, 2016, at its 100% owned Teels Marsh Lithium project, Mineral County, located 50 miles northwest of the producing lithium brine operation in Clayton Valley, Nevada. The sampling program provided detailed information in the northwestern portion of the playa, where a total of 20 brine samples yielded concentrations as high as 71 parts per million Lithium, averaging 19 parts per million and Boron concentrations as high as 930 parts per million, averaging 227 parts per million. Sediments associated with these brines have Lithium concentrations as high as 740 parts per million, averaging 475 parts per million. Boron concentrations are as high as 11,800 parts per million and averaging 2,600 parts per million.
These results, when combined with earlier auger sampling completed in late 2014 and early 2015, confirm that Lithium concentrations in near surface (12 feet (3.6 metres)) sediments increase from east to west in the playa, from a low of <50 parts per million in the northeastern portion of the playa to a high of 740 parts per million in the northwestern portion of the playa. Lithium brine concentrations from shallow levels of most the playa are less than 10 parts per million but increase to a maximum of 71 parts per million in the northwest portion of the playa. Elevated Lithium concentrations in the northwest are believed to be related to concealed geothermal waters that are known to occur in the subsurface on the northwestern, western, and southwestern margins of the playa.
Previous Geoprobe sampling in 2015 to depths of up to 200 feet (60 metres) was limited to the eastern portion of the playa where dryer ground conditions allowed easier access, but where Lithium concentrations in shallow sediments are low. Nevertheless, sediments retrieved from the deeper portions of cored Geoprobe holes (10 to 30 feet (3 to 9 metres)) have significantly higher concentrations (average 169 parts per million Lithium) when compared to sediments at shallower depths (surface to 10 feet; surface to 3 metres) (average 32 parts per million Lithium). This suggests potential exists for greater lithium concentrations at deeper levels within the closed basin.
The 20 brine samples discussed herein were filtered at 5 microns in the field and acidified prior to shipment to the laboratories. Standard and blank samples were included, and the fluids have been analyzed at several laboratories as part of an on-going QA/QC program. Research to document the characteristics of Lithium in the brines and sediments is in progress at the University of British Columbia, funded with a National Science and Engineering Research Council of Canada (NSERC) research grant (see press release dated March 21, 2016).
"These are some of the best Lithium brine numbers to be announced outside of Clayton Valley in Nevada for some time", commented Brian Findlay, President and CEO. "We are still in the early stage of exploration at Teels Marsh, and we are anxious to begin our initial drilling to test the potential for finding significant Lithium brines at depth."
Initial drilling at Teels Marsh is planned for the fall of this year. A seismic survey currently in progress will be combined with detailed gravity and structural models to define structural basins and aquifer targets.
The technical information in this press 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 Resources Corp. by Dajin Directors, Dr. Catherine Hickson, P. Geo and Dr. Mark Coolbaugh, CPG, the Qualified Persons.
About Dajin: (www.dajin.ca)
Dajin is an early stage energy metals exploration company holding a 100% interest in 265 placer claims known to contain Lithium and Boron values in the Teels Marsh region of Mineral County, Nevada. These claims, which cover 5,282 acres (2,138 hectares), are adjacent to the birthplace of US Borax Corp's first borax mine. Dajin also holds 191 placer claims covering 3,851 acres (1,558 hectares) in the Alkali Lake region of Esmeralda County, Nevada. Dajin has entered into an option agreement with Nevada Energy Metals Inc. (TSX-V:BFF) to explore these claims located 7 miles (12 kilometers) 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 93,000 hectares (230,000 acres) and are located in the Salinas Grandes/Guayatayoc salt lakes basin adjacent to concessions held by Orocobre Ltd. (TSX-T:ORL), who is partnered with Toyota Tsusho. In July 2015, Dajin executed an agreement with the Tres Morros Cooperativa for exploration of the San Jose Project consisting of 4,400 hectares (10,873 acres) of mineral concessions (San Jose and Navidad) within the Salinas Grandes salar.
On behalf of the Board of Directors of DAJIN RESOURCES CORP.
Brian Findlay, President
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