Tickers: PINX:DJIFF, XTSX:DJI
Tags: Mining
Vancouver, BC / TheNewswire / November 27, 2017 - Dajin Resources Corp. ("Dajin") (TSX-V: DJI) (OTC: DJIFF) (Germany: C2U1) is pleased to announce that the Cooperativa San Jose has received the Lithium brine exploration permits for the 4,400 hectares (10,873 acres) San Jose and Navidad minas located in Salinas Grandes, Jujuy Province, Argentina. These minas are part of the more than 93,000 hectares (230,000 acres) land package that is included in the LSC Lithium Corporation (TSX-V: LSC) and Dajin earn-in agreement signed in October, 2016 with Dajin S.A. LSC is the operator of the agreement.
The San Jose - Navidad property is located in the highly prospective Salinas Grandes, split between the provinces of Salta and Jujuy. LSC continues its program of engagement with local communities as well as consolidation of the land. LSC announced on November 23, 2017 the acquisition of another strategically located tenement, Mina Teresa (227-C-2004) in Salinas Grandes, Jujuy Province. This acquisition along with the land of Dajin S.A. gives LSC control of over 50% of the Jujuy Province portion of Salinas Grandes.
The San Jose (57-C-2002) - Navidad (213-G-1995) minas have not yet been explored for Lithium bearing brines but past exploration by other companies in close proximity to the minas included brine sampling from 1-meter-deep pits. The seven closest samples, taken at distances of 0 to 200 meters from both the north and west sides of the mina, yielded Lithium concentrations that ranged from 279 mg/l to 987 mg/l, averaging 551 mg/l. Samples within 1 km of the property boundary contain up to 1,122 mg/l Lithium. The highest reported value in Salinas Grandes exceeds 3,000 mg/l.
Dajin also announces that it will not be proceeding with the Memorandum of Understanding with Enirgi Group Corporation ("Enirgi Group" wholly-owned by Sentient Group Limited) as announced on September 7, 2017. Sentient Group is currently undergoing changes and has recently appointed a new Board of Directors. As a result, the new Board has undertaken a strategic review of Enirgi Group's business plans.
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 Lithium exploration company. Through its interest in Dajin Resources S.A. ("Dajin S.A."), it holds concessions or concession applications in Jujuy Province, Argentina that were acquired in regions known to contain brines with Lithium, Potassium, and Boron values. These concessions exceed 93,000 hectares (230,000 acres) and are primarily located in the Salinas Grandes and Guayatayoc salt lake basins. Dajin S.A. is partnered with LSC Lithium Corporation who has agreed to spend $2,000,000 to earn a 51% interest in Dajin S.A.'s Lithium properties while building a significant presence in Argentina.
Dajin also holds a 100% interest in 403 placer claims covering 7,914 acres (3,202 hectares) in the Teels Marsh valley of Mineral County, Nevada. These claims are known to contain Lithium and Boron values 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 valley of Esmeralda County, Nevada, located 7 miles (11 kilometers) northeast of Albemarle's Silver Peak Lithium brine operation in Clayton Valley.
ON BEHALF OF DAJIN'S BOARD OF DIRECTORS
Brian Findlay
For further information please contact:
Julie Hajduk at 604-609-6151 or julie@dajin.ca
Head of 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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