Dajin Resources Corp. Optimizes Drill Locations at Teels Marsh
Vancouver, November 3, 2016 - Dajin Resources Corp.. ("Dajin") (TSX-V: DJI) (OTC: DJIFF) (Germany: C2U1) is pleased to report that Dajin management has optimized the location of drill sites at our 100% owned Teels Marsh Lithium brine project in Mineral County, Nevada based on results from a newly interpreted reflection seismic survey. A full interpretation of the 19 km (12 mi) long survey was recently completed by Dajin Director, Dr. Mark Coolbaugh, in conjunction with the University of Nevada, Reno. (See Dajin Press Release dated September 15, 2016) The new seismic interpretation has significantly improved the structural model of deep basin development, which in turn has been used to refine drill target locations. The updated structural model consists of a composite half-graben, within which basin development has shifted westward over time. (See well location map) The seismic interpretation also confirmed earlier estimates based on gravity modeling that the closed basin underlying Teels Marsh may be well over 2,000 metres (6,500 feet) deep.
Two proposed drill holes have been positioned above the deeper portions of two separate sub-basins in the new structural model. The first drill hole will test a sub-basin at the west end of Teels Marsh, where Lithium concentrations in shallow brines sampled by augers ranges from 0.2 to 71 ppm. The second drill hole will test the deepest sub-basin which is more centrally located within the playa.
On a separate note, Nevada Energy Metals Corp. ("NEMC") recently notified Dajin that it does not wish to pursue the earn-in agreement entered into in December, 2015 for the 191 placer claims covering 3,851 acres (1,558 hectares) at Dajin's 100% owned Alkali Lake property. NEMC did not carry out any further exploration on the Alkali Lake project, preferring instead to focus on its own projects.
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 294 placer claims known to contain Lithium and Boron values in the Teels Marsh region of Mineral County, Nevada. These claims cover 5,853 acres (2,369 hectares) and are adjacent to the birth place of US Borax Corp's first borax mine. Dajin also holds a 100% interest in 191 placer claims covering 3,851 acres (1,558 hectares) in the Alkali Lake region of Esmeralda County, Nevada, located 7 miles (12 kilometers) northeast of Albemarle's Clayton Valley Lithium operation.
Dajin, through, Dajin Resources S.A. (Argentina), holds a 49% 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 exceed 93,000 hectares (230,000 acres) and are primarily located in the Salinas Grandes/Guayatayoc salt lakes basin. Dajin Resources S.A. is now partnered with Lithium S Corporation, who are building a significant presence in Argentina (http://www.dajin.ca/en/lithium-s-corp).
DAJIN RESOURCES CORP.
Brian Findlay, President & CEO
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