Dajin Resources Corp. Stakes Lithium Claims in Gabbs Valley, Nevada
22.11.2016 | The Newswire
Vancouver, November 22, 2016 - Dajin Resources Corp. ("Dajin") (TSX-V: DJI) (OTC: DJIFF) (Germany: C2U1) is pleased to report that it has staked 690 placer claims at Gabbs Valley located north of the Don Campbell geothermal power plant, in Mineral County, Nevada. These placer claims cover 13,800 acres (5,600 hectares) in the lower-elevation western portion of Gabbs Valley, where a playa (salar) with surface salt and mud flats occurs.The Gabbs Valley playa is considered to be a viable prospect for sub-surface lithium brines for the following reasons: 1) it is a deep, closed basin in a dry, desert environment, 2) geothermal activity is known to occur on all sides of the playa, including the south end where the operating Don Campbell geothermal power plant is located, and 3) potential lithium source rocks are found throughout much of the catchment basin.
The catchment area of Gabbs Valley is sizeable at 3,295 km2, twice the size of Clayton Valley which is located approximately 130 km to the south. Clayton Valley hosts North America's only producing Lithium brine operation. Values of up to 720 ppm Lithium in sediments have been publicly reported but this data has not been confirmed by Dajin and Dajin has not yet conducted its own sampling program. Auger and/or Geoprobe sampling is planned by Dajin in the coming months to explore for subsurface lithium brines.
At the Teels Marsh Lithium brine project, the conclusion of environmental studies and receipt of permits is expected in early 2017, which will allow road construction and drilling to begin shortly thereafter.
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 brine operation.
Dajin, through Dajin Resources S.A. (Argentina), holds 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 will be spending $2,000,000 on Dajin's concessions to earn a 51% interest while building a significant presence in Argentina. (http://www.dajin.ca/en/lithium-s-corp)
DAJIN RESOURCES CORP.
Brian Findlay
President & CEO
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.