The Conversation (0)
Dajin Resources Corp. (TSXV:DJI,OTC:DJIFF) President and CEO, Brian Findlay, issued a letter to shareholders. In the update, Mr. Findlay shares the milestones reached by Dajin from December 2014 to the most recent lithium assay results from Alkali Lake released in April 2015. Mr. Findlay also reports that trading on the OTC has been “picked up substantially as a result of the company being Blue-Skyed with Standards & Poor’s thus creating the ability for thousands of investment advisors in the US to increase exposure to Dajin Resources.”
As quoted in the letter:
In December, 2014 we delivered our first batch of shallow brines and solid samples to labs in Reno, Nevada, from Dajin’s 100% owned Teels Marsh claims in Mineral County, Nevada. In February, we received the lithium and boron assay results. Most importantly, this program confirmed the presence of near surface lithium in dry and wet sediments within an anomalous zone up to 18,000 feet (5,480 m) long and up to 6,000 feet (1,820 m) wide. Recall, our Teels Marsh property is located approximately 50 miles (80 km) northwest of the lithium production unit of Rockwood Lithium Inc., the only producing brine based lithium mine in North America.
Based on promising assay results in February, we initiated an exploration program consisting of a gravity survey followed by additional geological and geophysical work in preparation for exploratory drilling on the Teels Marsh claims. In March, our gravity survey was completed. The resultant three-dimensional images identified a deep closed basin of up to 8,900 feet (2,700 m) in depth which indicates the potential to retain a large quantity of fluids.
In April, we completed the staking of the Alkali Lake claims, in Esmeralda County, Nevada. This is very exciting for us as this property consists of 138 placer claims covering an area of 1,138 hectares (2,811 acres) of an enclosed basin located approximately 7.5 miles (12 km) northeast of Rockwood Lithium’s Clayton Valley operation.
In late April, we received lithium assay results from a sediment sampling program carried out on Dajin’s 100% owned Alkali Lake project. There were eight widely spaced locations sampled and fourteen sediment samples submitted for analysis. The program confirmed the presence of near surface lithium in all fourteen samples ranging from 73 ppm to a high of 382 ppm.
Make no mistake, the past six months has not all been about Nevada. In March, management met with the National Mining Secretary for Argentina, and other local mining authorities. A plan was organized to advance the exploration and development of the Dajin holdings in the Salinas Grandes salar located in the Province of Jujuy in northwestern Argentina. National and Provincial Government support for our plan was given during this meeting. Dajin holds a very substantial land position in the Lithium Triangle adjacent to concessions held by Orocobre Ltd.
Click here to read the Dajin Resources Corp (TSXV:DJI,OTC:DJIFF) press release
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