Dajin Resources Corp.: Tyler Powell Appointed Director
(via Thenewswire.ca)
Vancouver, B.C. - August 27, 2012 - Dajin Resources Corp. ("Dajin") (DJI-V: TSX) is pleased to announce that Mr. Tyler Powell has agreed to accept the position of director with Dajin Resources Corp. Mr. Powell brings to Dajin his energy and a broad range of skill sets to guide Dajin in the area of Corporate Development. His focus will be that of arranging equity funding's for Dajin and to seek out potential joint venture partners to further explore the companies gold and lithium exploration targets in British Columbia and Argentina. Mr. Powell has an extensive background in the Vancouver financial community as well as an impressive network of mining entrepreneurs on an international level. He has played a key role in the raising of funds for many TSX Venture Exchange companies similar to that of Dajin.
Dajin welcomes Mr. Powell's optimism and the board looks forward his energetic style in this key role he will play. In Mr. Powell's own words, "I look forward to being part of the management team as I feel I can assist Dajin at a time when the Canadian junior exploration companies are starting to show signs of life again. Gold prices remain relatively strong and many lithium exploration companies are coming off their bottoms. I think Dajin's lithium properties in South America are very well situated as we are now starting to see Argentina's Federal and Provincial governments grant exploration and development permits on a selected basis."
About Dajin: (www.dajin.ca)
Dajin's 100% owned Addie 1 property is located on the north side of the west arm of Quesnel Lake in the British Columbia Cariboo Mining District. The property consists of 29 mineral claims with a 1,500 meter long, linear gold-in-soils anomaly adjacent to Spanish Mountain Gold Ltd.'s (SPA: TSX-V) Spanish Mountain gold discovery. Dajin also owns a 100% interest in 34 mineral claims comprising the Addie 2 property located south of Quesnel Lake and adjacent to the Frasergold deposit. The Addie 2 property is another SHVD gold target with defined drill targets.
Dajin owns a 65% interest in 32 certain mineral claims and 100% interest in 3 additional mineral claims which comprise the Cowtrail Property. Dajin has intersected 1.16 g/t gold and 0.043% copper mineralization over 60.0 feet (18.3 meters) and 0.11 g/t gold and 0.20 % over 124.6 ft (38.0 meters). The Cowtrail Property is contiguous to Consolidated Woodjam Copper Corp's (WCC: TSX-V) Woodjam Copper-Gold project which has been optioned by Gold Fields Limited (NYSE: GFI) Gold Fields has a commitment to spend up to $40 million to earn a 70% interest in this project. An initial resource estimate of 146.5 million tonnes at 0.33% copper (1.06 billion pounds of copper) on the Woodjam Project has been reported by Gold Fields.
Dajin holds a 100% interest in concessions or concession applications in Salta and Jujuy Provinces that were acquired in regions known to contain brines with potassium, lithium and boron values. These lands total approximately 100,000 hectares, with 80,248 hectares located in the Salinas Grandes / Guayatayoc salt lakes basin. Other potash /lithium/boron companies currently exploring in Jujuy province include Lithium Americas Inc. (LAC: TSX-T) backed by Mitsubishi and Orocobre Limited (ORL: TSX-T) backed by Toyota. Orocobre previously sampled it's concessions and announced, "Extensive pit sampling at the Salinas Grandes salar shows the highest average lithium and potassium grades in Argentina and comparable with Atacama brines."
For additional information please contact: Brian Findlay, President or Tyler Powell, Corporate Development
The TSX Venture Exchange has not reviewed and does not accept responsibility
for the adequacy or accuracy of this release.
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