Dajin Resources Corp. Announces Drill Program at Teels Marsh
![Dajin Resources Corp. Announces Drill Program at Teels Marsh](https://www.minenportal.de/media/goldseiten-news.jpg)
With the seismic survey now complete, drill targets have been chosen and will be permitted under the Bureau of Land Management Notice of Intent (NOI) procedures. This exploration phase will focus on five acres - the maximum allowable disturbance under a NOI. Road construction and drill pad design is underway to access two sites on the playa surface. A water well will also be drilled to provide water for construction and drilling. Capuano Engineering (Santa Rosa, California) has prepared well design proposals to be used in discussions with drilling companies. Dajin plans to drill two wells from each pad. A shallow well will test the stratigraphy down to 500 feet and a second well will drill deeper to test deeper targets. The drilling results, in conjunction with the high resolution seismic survey and structural interpretation, will provide data to constrain any resource estimate calculated following drilling.
Dajin's geophysical and geological analysis has confirmed that the playa is over 6,500 feet (2,000 metres) deep. Within the playa a number of strong reflectors are present from shallow to deep levels. The nature of these strong reflectors will be confirmed during this drilling campaign. These reflectors may indicate interstratified accumulations of volcanic ash and sands, gravels, evaporites and other types of sedimentary deposits. Volcanic ash deposits from Long Valley Caldera (called the Bishop Tuff) are likely to be found in the marsh due to the size of the catchment basin (313 square miles or 812 square kilometers) and its proximity to Long Valley. These ash layers have proven to be productive brine sources in Clayton Valley, where the only North American lithium brine deposit is being mined by Rockwood Lithium Inc. (owned by Albemarle Corp.).
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 Director, Dr. Catherine Hickson, P. Geo, a Qualified Person.
About Dajin: (www.dajin.ca)
Dajin is an energy metals exploration company holding a 100% interest in 294 placer claims known to contain Lithium and Boron values in the Teels Marsh region of Mineral County, Nevada. These claims, which cover 5,853 acres (2,369 hectares), are adjacent to the birth place 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. to explore these claims located 7 miles (12 kilometers) northeast of Rockwood's Clayton Valley Lithium operation.
In Argentina, Dajin holds a 100% interest in concessions or concession applications in Jujuy Province, 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.. Dajin has signed a binding Memorandum of Understanding with Lithium S Corporation ("Lithium S") whereby Lithium S has been granted an option to earn a 51% interest in Dajin's lithium properties in Argentina by making a payment of CDN $1.0M and expending a total of CDN$2.0M on the properties. http://www.newswire.ca/en/releases/archive/July2016/21/c5536.html
DAJIN RESOURCES CORP.
Brian Findlay, President & CEO
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