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Dajin Resources–Strategically Located Lithium Projects in North and South America


Dajin Resources Corp. (TSXV:DJI,OTCMKTS:DJIFF,Germany: C2U1) is a Canadian exploration and development company, holding strategically located brine-based lithium projects in Nevada and Argentina, with assets that tie Dajin to the green economy and growing demand for a strategic mineral.

Dajin has been exploring in Nevada since 2014 and holds a 100 percent interest in the Teels Marsh and Alkali Lake projects. Nevada hosts Tesla Motors’ (NASAQ:TSLA, partnered with Panasonic Corp.) new lithium-ion battery, power storage and electric vehicle gigafactory.

In Nevada, Dajin has been moving forward aggressively on exploration and development activities at Teels Marsh in preparation for drilling in 2017. Water rights for Teels Marsh were granted to Dajin by the Nevada Division of Water Resources in 2016 and represent an important aspect of development that is becoming increasingly evident as companies situated in Clayton Valley vie for permits and water rights.

Dajin continues to believe that obtaining water rights is a crucial milestone for lithium exploration projects given both the importance of water for lithium brine extraction and the political issues surrounding water allocation in the State of Nevada. The Alkali Lake project is outside the limits of the Clayton Valley basin and approximately 7 miles from Albemarle’s Silver Peak lithium mine. Water rights have been applied for at Alkali Lake and are in process.

Dajin’s Salinas Grandes lithium brine project covers a massive land position in the Salinas Grandes and Guayatayoc salars in northwestern Argentina. Dajin has held these concessions since 2009. In 2016, the company completed a transaction with LSC lithium Corporation (LSC) wherein LSC paid Dajin $1,000,000 and agreed to spend $2,000,000 on the properties to earn a 51 percent interest in Dajin Resources S.A.’s lithium properties. LSC has also been building a significant presence in Argentina, but states that Salinas Grandes may represent the best of all the properties they currently hold.

In April 2016, Dajin raised $1.27 million from a non-brokered private placement of 10.5 million units to 21 investors for the exploration and the development of their projects. As part of the transaction with LSC in September 2016, Dajin also closed a $500,000 non-brokered private placement with them.

Investment Highlights

  • Dajin holds high quality lithium exploration targets at a time of growing demand for this strategic metal.
  • Dajin’s key properties are advantageously located within Nevada’s lithium Hub and South America’s Lithium Triangle.
  • The company is exploring for brine-based lithium, which can be mined at a substantially lower cost than hard rock deposits.
  • In Nevada, Dajin holds water rights at Teels Marsh and water rights are in process at Alkali Lake.
  • Teels Marsh property has surface brines with lithium values up to 79 mg/l.
  • Teels Marsh has been permitted for drilling and construction of roads and drill pads.
  • Dajin has a partnership with LSC Lithium Corporation in Argentina; large land package in Salinas Grandes and Guayatayoc salars.
  • Salinas Grandes has some of the best reported Lithium brine grades within South America’s Lithium Triangle.
  • LSC has a strategic relationship with ENIRGI Group and their propriety DXP lithium extraction technology.
  • Dajin’s management team has a strong track record and experience in lithium brine exploration and taking exploration projects from the early stages through to production.

Key Properties

Teels Marsh, Nevada

The Teels Marsh project covers a surface area of 7,914 acres (3,202 hectares) consisting of 403 placer claims, 100-percent owned by Dajin Resources. The project is located in a separate closed basin roughly 50 miles (80 kilometers) northwest of Clayton Valley, home of Albemarle’s Silver Peak Lithium mine. This mine is the only producing brine-based lithium deposit in North America. Dajin’s claims cover the substantive portion of the playa eliminating the risk of resource fragmentation.

Dajin has been carrying out exploration at Teels Marsh since late 2014. The initial work on the marsh was surface sampling to confirm the presence of lithium bearing minerals reported from US government surveys in the 1970s. In addition to high levels of lithium in the sediments, Dajin also confirmed lithium in surface brines. These brines were found to contain as much as 79 mg/l lithium. Following these discoveries, the company carried out gravity, magnetic and seismic surveys in addition to a comprehensive structural interpretation using all the data sets thus far collected. This interpretation confirmed that the basin is at least 8,200 feet (2,500 meters) deep and extends farther to the north than originally thought.


Based on the finding, Dajin staked additional ground along the northern margins of its claims and now holds the substantive portion of the sub-surface basin based on these results. The great depth and lateral extent of the basin suggests that there is good potential to retain a large quantity of fluids within the subsurface aquifers.
In April 2017, the company released a NI 43-101 technical report for Teels Marsh. “This report pulls together, interprets and verifies the results of the exploration work that Dajin has been undertaking at Teels Marsh since staking the property in 2014,” said President Brian Findlay.

In April 2017, the company released a NI 43-101 technical report for Teels Marsh. “This report pulls together, interprets and verifies the results of the exploration work that Dajin has been undertaking at Teels Marsh since staking the property in 2014,” said President Brian Findlay.

Favorable Lithium Brine Assay Results

In June 2016, Dajin reported favorable lithium brine assays results from Teels Marsh. The sampling program provided detailed information in the northwestern portion of the playa, where a total of 20 brine samples yielded concentrations as high as 71 ppm lithium, averaging 19 ppm and Boron concentrations as high as 930 ppm, averaging 227 ppm. Sediments associated with these brines have lithium concentrations as high as 740 ppm, averaging 475 ppm. Boron concentrations are as high as 11,800 ppm and averaging 2,600 ppm.

“These are some of the best Lithium brine numbers to be announced outside Clayton Valley in Nevada for some time,” commented Brian Findlay, President and CEO of Dajin. “We are still in the early stage of exploration at Teels Marsh and we are anxious to begin our initial drilling to test the potential for finding significant lithium brines at depth.”

2017 Program

Dajin has received its Notice from the Bureau of Land Management allowing it to commence the civil works and drilling proposed in the permit. Construction of 1.5 miles (2.4 kilometers) of road specially engineered for the playa surface with up to 4 feet (1.3 meters) of gravel will commence soon. Drilling wells up to 4,000 feet (1,200 meters) in depth will begin when construction is completed.

The company used the results of the high resolution seismic survey at Teels Marsh to confirm its great depth as well as identify numerous reflectors that could represent thick accumulations of volcanic ash, sand, gravel and/or evaporites within the basin. The survey confirms these horizons extend for considerable distance within the basin and have been used to help target the exploration wells. This high resolution survey data will also assist in defining any inferred resources estimate that may be calculated following drilling.

Dajin has been working with EM Strategies of Reno (formally Enviroscientists) to prepare the baseline studies and documentation for a Plan of Operations (POO) to be submitted to the Bureau of Land Management. This POO will give Dajin flexibility to drill multiple wells in 2017 beyond the four approved in the Notice. Dajin also holds water rights at Teels Marsh, so this is facilitating the permitting for drilling, testing and discharging any proposed wells.

Alkali Lake, Nevada

Within the Alkali Lake basin, Dajin holds 3,834 acres (1,558 hectares) through 191 placer claims,100-percent owned. The basin is separate from Clayton Valley although only 7 miles (11 kilometers) away. Gravity and magnetic surveys have been completed which show the basin to be over 4,000 feet (1,200 meters) deep and similar geology to Clayton Valley in that it is a classic fault bound closed-basin playa. Dajin has applied for water rights in the basin, and the application process is underway. A preliminary National Instrument 43-101 has been completed.

Salinas Grandes, Argentina

Dajin controls a 100-percent interest in more than 93,000 hectares (230,000 acres) of lithium brine concessions located in Jujuy Province, Argentina, a region that is historically known to host lithium, potassium, and boron brine-based deposits. Commonly referred to as the Lithium Triangle, it is home to an estimated 80 percent of the world’s lithium supply. The properties are situated in the Salinas Grandes/Guayatayoc salt lakes basins. LSC, Dajin’s partner in Argentina, has announced acquisition of adjoining tenements in Salinas Grandes. This positions LSC to be the largest owner of tenements in Salinas Grandes. LSC anticipates that once approvals have been given to explore and exploit the very large lithium deposits in Salinas Grandes that it will be positioned to become the sole operator, thus avoiding resource fragmentation.


Dajin has been actively working with the Government of Jujuy and the indigenous communities to secure the exploration permits for its concessions. In October 2016, Dajin completed a transaction with LSC Lithium Corporation to earn a 51-percent stake in Dajin’s lithium properties in Argentina. LSC has made a $1 million payment in cash and will be spending an additional $2 million on the project. LSC is working with the Toronto-based Enirgi Group whose new Lithium Direct Extraction Process Technology (“DXP Technology”), is being deployed in Argentina at the Salar del Rincon. In addition, as part of the transaction, LSC has invested $500,000 at $0.18 per unit in a non-brokered private placement which Dajin has been using to advance its projects in Nevada.


Brian Findlay – President and Chief Executive Officer

Brian Findlay brings decades of senior management experience in various aspects of the industry. He learned the business from the ground up and has participated in the raising of large amounts of investment capital for a number of junior resource and technology companies. He is an expert at managing public companies with international interests. It is Findlay’s integrity, as an honest and dedicated CEO that builds trust and credibility with his shareholders.

Dr. Catherine Hickson P. Geo, FGAC, FSEG, FRGS, FGC – Director, Chief Operating Officer

A globally recognized geoscience expert and manager with more than 30 years’ experience, Catherine Hickson has a proven track record of delivering technical expertise and organizational enhancements that elevate corporate value. She began her career with NRCAN – Geological Survey of Canada – quickly progressed to the executive-level. Dr. Hickson has been recognized with a number of awards, including the prestigious C.J. Westerman Memorial Award presented by the APEGBC, and the Head of the Public Service Award, given by the Clerk of the Privy Council.

Dr. Mark Coolbaugh, CPG – Director

Dr. Mark Coolbaugh is a renowned metals and geothermal geologist with 30 years of project, research, and management experience in North and South America, Asia, and Europe. His experience includes management of corporate and country-wide exploration programs, research and development of geothermal exploration tools and predictive models, assessment of geothermal and mineral projects, and construction of quantitative ore reserve models. Dr. Coolbaugh played an instrumental role in a number of green-fields geothermal and precious metal discoveries including discovery of the blind geothermal systems in Teels, Rhodes, and Columbus marshes in southwestern Nevada.

Ben Ainsworth MA (OXON), P.Eng – Director

A senior geologist and mining consultant, Ben Ainsworth brings over 40 years of experience in the mining industry; serving with Placer Development Limited for more than 20 years and junior/senior mining company clients for over 20 years. He worked extensively in Chile and Mexico and has also worked on projects that included borates, lithium clays and other industrial minerals. Ainsworth and his son were jointly awarded AMEBC Colin Spence Award for Excellence in Global Mineral Exploration.

Technical Advisory Board (North America)

Dr. Mark King, PGeo, FGC

Dr. Mark King is a hydrogeologist educated in both the earth sciences and engineering. He received his PhD from the University of Waterloo where he studied transport of contaminates in groundwater. Dr. King is President of Groundwater Insight Inc. He is one of the few hydrogeologists in North America with experience in the field of lithium brine deposits and has conducted precedent-setting analysis in this emerging industry.

Walter (Dick) Benoit

Dick Benoit is President of Sustainable Solutions, a Nevada consulting company focused on geothermal resources and drilling. Sustainable Solution’s clients include a wide variety of private companies and governmental agencies, both domestically, and internationally. Completed and ongoing projects have included evaluations of prospect areas, exploration for geothermal resources using all available geoscience techniques, as well as drill program development and supervision.

Technical Advisory Board (South America)

Cosme Beccar Varela – Director, Dajin Resources S.A.

Cosme Varela graduated as a lawyer at the University of Buenos Aires in 1989 Practiced as a “foreign associate” in Winthrop, Stimson, Putnam & Roberts, New York (1990). He served as an Associate Professor of Contract Law in University of Buenos Aires as well as a Committee Member of Banking Lawyers. His practice focuses on Commercial Law, Mining Law, and Litigation. He has been associated with Dajin since 2008.

Roberto Page

Roberto Page graduated as a geologist from Buenos Aires University and has worked since graduation at Argentina’s Geological Survey (SEGEMAR) until his retirement in May 2016. Page reached the highest management position at the Survey including time directing the Institute of Geology and Mineral Resources (within SEGEMAR). During his tenure with the Survey he was involved in the promotion of mining investment in Argentina. Between 2005 and 2009, Page was the President of the Argentine Geological Association and the Argentine International Union of the Geological Sciences National Committee (IUGS).

Dr. Fernando Muñoz Carmona

Dr. Fernando Muñoz is a geoscientist and communications expert. He has worked with government and private organizations mostly within the energy and mines sectors. Dr. Muñoz has been responsible for the implementation of community engagement projects in Argentina, Bolivia, Chile, Colombia, Ecuador, Peru, United States and Venezuela. Since 2009, he has been involved with the identification and development of renewable energy resources in Central and South America with a particular emphasis on securing community, government, companies’ engagement and land/resource access.

Dr. Beatrice (Betty) Coira

Dr. Betty Coira is a noted geologist based in Jujuy, Argentina. She is a geoscience expert with more than 40 years’ experience in volcanism, regional mapping, geothermal energy and mining exploration in the Central Andes. She was Director of the Geological and Mining Institute, University of Jujuy, for 8 years and is now Professor Emeritus Universidad Nacional de Jujuy. She continues as Principal Investigator, National Council of Science and Technology Research (CONICET) as well as being a board member of the Center of Research and Transference. Dr. Coira has been recognized with a number of Honors and Prestigious Awards and in 2014 she received the Argentina Mining Award: Outstanding woman in Mining.

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