Dajin Resource Corp. (TSXV:DJI,OTC:DJIFF,Germany: C2U1) would like to make you aware of several news events that have taken place over the past few weeks.
To our Dajin Shareholders and Interested Investors:
April 6, 2017 – Vancouver, BC – Dajin Resource Corp. (Dajin) (TSX-V: DJI) (OTC: DJIFF) (Germany: C2U1) would like to make you aware of several news events that have taken place over the past few weeks. In Nevada, Dajin has released news about obtaining permits to move forward on building roads and drill pads, and when completed, to drill up to four deep, large-diameter, cased wells with the ability to discharge. These wells are intended to not only measure the concentration of Lithium in the subsurface but to also carry out robust aquifer testing of any Lithium bearing subsurface aquifer(s) that may be encountered during the drilling. Dajin also released a National Instrument 43-101 report on the Teels Marsh project that integrates all the exploration work done to date. The key messages that Dajin is working to disseminate to the investor community is the importance of having water rights, a solid land holding that is contiguous over a substantial portion of the playa surface, and the presence of near surface brines containing Lithium. Dajin’s COO and Director Dr. Catherine Hickson was recently interviewed by Investor News Network (INN). The interview is available by clicking here.
In Argentina, Dajin’s partner LSC Lithium Corporation (TSX-V: LSC) after being launched publicly February 28th, 2017, continues to move forward and disseminate news about the Salinas Grandes salar and its other properties in Argentina. Last week they announced a transaction with Orocobre Limited (Orocobre) and lithium explorer and developer Advantage Lithium Corp. for the purchase of concessions in the Salinas Grandes salar. This transaction positions them to control this very significant strategic asset of which Dajin’s properties are an important part. On April 4th, 2017 LSC announced the historical resource estimates verified in a National Instrument 43 -101 report released by Orocobre in 2013. The reported brine chemistry for Salinas Grandes salar as detailed in the Orocobre report, is highly favourable for lithium and potash production, being low in both sulphates and magnesium and unsaturated in potassium. Pending the completion of the announced transactions, LSC will have a land package portfolio totaling over 295,000 hectares, which represents extensive lithium prospective salar holdings in Argentina. Of this land package Dajin’s contribution is over 93,000 hectares. Click here to link to LSC’s April 4th 2017 press release.
About Dajin: (www.dajin.ca) Dajin is an early stage Lithium exploration company holding a 100% interest in 403 placer claims covering 7,914 acres (3,202 hectares) in the Teels Marsh region 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 region of Esmeralda County, Nevada, located 7 miles (11 kilometers) northeast of Albemarle Holding’s Silver Peak Lithium brine operation in Clayton Valley.
Dajin, through Dajin Resources S.A. (Dajin S.A.), 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/Guayatayoc salt lakes basin. 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. (click here for information on LSC Lithium Corporation)
ON BEHALF OF THE BOARD OF DIRECTORS
President & CEO
For further information please contact:
Julie Hajduk at 604-609-6151or firstname.lastname@example.org
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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