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Dajin Resources (TSXV:DJI,OTC:DJIFF) reported that its subsidiary, Dajin Resources S.A., has signed an agreement for its mining leases in Argentina’s Jujuy province, with the Cooperativa de Trabajo Minero Producción de Boratos Jujeños Ltda. Dajin will be granted exploration permits for properties owned by Cooperativa, or the Cooperative, in the Salinas Grandes.
Dajin Resources (TSXV:DJI,OTC:DJIFF) reported that its subsidiary, Dajin Resources S.A., has signed an agreement for its mining leases in Argentina’s Jujuy province, with the Cooperativa de Trabajo Minero Producción de Boratos Jujeños Ltda. Dajin will be granted exploration permits for properties owned by Cooperativa, or the Cooperative, in the Salinas Grandes.
As quoted in the press release:
The Cooperative holds the mining rights to two properties in the south-east part of Salinas Grandes. This agreement has a payment of $US60,000 which gives Dajin the exclusive right to explore the property during the term of three (3) years. At the end of the three years, Dajin has the right to Option the property for a thirty-year time period for a payment of $700,000. During production Dajin will pay the Cooperative a 3% royalty.
The mining leases held by the Cooperative, “Navidad” and “San Jose”, cover a total area of 4,400 hectares (10873 acres). An initial payment of $US20,000 has been made and the Cooperativa now must acquire the exploration permits to receive a further payment of $US40,000.
These permits will be the first to be granted to Dajin for exploration work in Salinas Grandes, a salar where Dajin has staked ground of 80,248 hectares (198,000 acres). Salinas Grandes is approximately 70 km to the east of the recently completed Lithium plants of Cauchari-Olaroz (Lithium America/Western Lithium) and Orocobre.
Click here to read the full Dajin Resources (TSXV:DJI,OTC:DJIFF) press release.
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