• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Battery Metals Market
    Battery Metals News
    Battery Metals Stocks
    • Battery Metals Market
    • Battery Metals News
    • Battery Metals Stocks
    lithium investing

    Dajin Initiates Drill Program For 2018

    Pia Rivera
    Dec. 19, 2017 06:57AM PST
    Battery Metals
    Lithium Investing

    Dajin Resources Corp. (TSXV:DJI,OTC: DJIFF) (Germany: C2U1) announces that following completion of a recent financing where it raised $1,281,150, thanks to the support of Dajin warrant holders, management is now moving forward with construction of roads and pads for drilling of their 100% owned Teels Marsh Lithium project in Mineral County, Nevada. Earlier exploration work by Dajin has …

    Dajin Resources Corp. (TSXV:DJI,OTC: DJIFF) (Germany: C2U1) announces that following completion of a recent financing where it raised $1,281,150, thanks to the support of Dajin warrant holders, management is now moving forward with construction of roads and pads for drilling of their 100% owned Teels Marsh Lithium project in Mineral County, Nevada.
    Earlier exploration work by Dajin has shown the Teels Marsh valley to be highly prospective for Lithium brines, and Dajin now has the funds to move the project forward. Director and COO, Dr. Catherine Hickson PGeo and fellow Director, Dr. Mark Coolbaugh CPG, were recently in Reno, Nevada meeting with contractors to prepare for the construction of roads and drill pads. This work will be overseen by Welsh Hagan Associates, Reno Nevada. Welsh Hagan is a full-service Mining, Civil and Environmental engineering firm and has been working with Dajin on the Teels Marsh valley project. Dajin has received all necessary permits from the Bureau of Land Management and holds 100% of the required water rights awarded by the Office of the State Engineer to move the project forward. Dajin plans to commence drilling as soon as the roads and pads are completed.
    Dajin is pleased to report that exploration work by Dajin’s partner, LSC Lithium Corporation (“LSC”) in Salinas Grandes, Jujuy Province, is gaining momentum. The Cooperativa San Jose received a permit for the exploration of the 4,400 hectare (10,873 acres) San Jose and Navidad minas. This exploration is commencing under the management of LSC, the operator of the earn-in agreement with Dajin. LSC is also verifying prior work completed on the Salinas Grandes salar by previous exploration companies and plans to release in early 2018 a National Instrument 43-101 report that will update the existing National Instrument 43-101 prepared by Orocobre Ltd. (August 12, 2013). The San Jose – Navidad minas have not yet been explored for Lithium but past exploration by other companies in close proximity to the property included sampling from one-meter-deep pits. Of the seven closest samples taken from the property boundary along both the north and west sides up to a distance of 200 meters, assays of Lithium brine concentrations ranged from 279 mg/l to 987 mg/l, averaging 551 mg/l. Lithium brine samples within one (1) km of the property boundary are reported to contain up to 1,122 mg/l Lithium. The highest reported Lithium value in the Salinas Grandes salar exceeds 3,000 mg/l.
    About Dajin:
    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 land holdings exceed 93,000 hectares (230,000 acres) and are primarily located in the Salinas Grandes and Guayatoyoc salt lake basins. Dajin S.A. is partnered with LSC Lithium Corporation (LSC) 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. The Cooperativa San Jose recently received exploration permits for a portion of the land package now part of the earn-in agreement with LSC. Exploration of the 4,400 hectares (10,873 acres) San Jose – Navidad minas will commence under the management of LSC, the operator of the earn-in agreement.
    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 kms) 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:
    President & CEO 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.
    Click here to connect with Dajin Resources Corp. (TSXV:DJI,OTC: DJIFF) for an Investor Presentation

    Source: www.thenewswire.com

    catherine hicksonargentinadajin resources corp.brian findlayboard of directorslithium investingdajin resources
    The Conversation (0)

    Go Deeper

    AI Powered
    Text saying "lithium" overlaid on stock chart with a globe in the background.

    Top 7 Global Lithium Stocks of 2025

    Canada Nickel Makes New Discovery at Newmarket Property, Achieves Best Drill Results at Reid to Date and Announces Grant of Options and RSUs

    Canada Nickel Makes New Discovery at Newmarket Property, Achieves Best Drill Results at Reid to Date and Announces Grant of Options and RSUs

    Latest News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Battery Metals Stocks

    International Lithium Corp.

    ILC:CA

    Metals Australia

    MLS:AU

    Lithium Africa

    Atlantic Lithium

    A11:AU

    Galan Lithium

    GLN:AU

    Jindalee Lithium

    JLL:AU
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×