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Dajin Resources Corp. (“Dajin”) (TSX-V: DJI) (OTC: DJIFF) (Germany: C2U1) is pleased to provide its shareholders and interested investors an update regarding the recent visit to Germany and Argentina by Dajin Director and Chief Operating Officer, Dr. Catherine Hickson.
Dajin Resources Corp. (“Dajin”) (TSXV:DJI) (OTC:DJIFF) (Germany: C2U1) is pleased to provide its shareholders and interested investors an update regarding the recent visit to Germany and Argentina by Dajin Director and Chief Operating Officer, Dr. Catherine Hickson.
Following the successful participation of Dajin in the International Precious Metals and Commodities show held in Munich, Germany, November 2nd and 3rd, Dr. Hickson travelled on to Argentina. There she visited the new offices of LSC Lithium Corporation (LSC, TSX-V: LSC) in Salta and met with Carlos Galli, Chief Operating Officer. Dajin, through 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 land holdings. These mineral concessions exceed 93,000 hectares (230,000 acres) and are primarily located in the Salinas Grandes/Guayatayoc salt lakes basins (salar). Galli and Hickson, along with Dajin S.A. Director Cosme Beccar Varela, discussed the upcoming plans for exploration of the land package as well the initiatives with the communities. Hickson and Beccar also had the opportunity to meet with the consultants engaged to undertake the local community engagement work.
LSC has released updates on their concessions in Salinas Grandes salar, including analyses from properties near Dajin S.A.’s San Jose – Navidad property. This property has not been explored for Lithium but past exploration by other companies in close proximity to the property included sampling from one-meter-deep pits. The seven closest samples, taken from the property boundary along both the north and west sides up to a distance of 200 meters, yielded Lithium concentrations that ranged from 279 mg/l to 987 mg/l, averaging 551 mg/l. Brine samples within 1 km of the property boundary contain up to 1,122 mg/l Lithium. The highest reported Lithium value in Salinas Grandes salar exceeds 3,000 mg/l.
Farther north in the Guayatayoc basin, A.I.S. Resources Limited (TSX-V:AIS) has concessions abutting those of Dajin S.A. Pit samples of brines from their Guayatayoc property yielded values of less than 10 mg/l to 910 mg/l Lithium.
Hickson and Beccar also had the opportunity to visit Enirgi Group Corporation’s (Enirgi Group) demonstration plant on Salar del Rincón. Enirgi Group has developed a new, time-efficient process for extracting Lithium from brines using their Direct Xtraction Process Technology (DXP Technology). Importantly, this process minimizes the use of solar evaporation ponds and speeds up the processing time to as little as 24 hours. The DXP Technology demonstration plant has been operating on the Salar del Rincon since June, 2017. Discussions are underway between Enirgi Group and LSC to use these facilities for testing brines from LSC properties. This will help fast track production of the brines as their chemistry will be well characterized. Dajin has signed an MOU with Enirgi Group for exclusive access to their DXP technology in the United States.
About Dajin: (www.dajin.ca)
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 holdings 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.
In Nevada, Dajin 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 kilometers) northeast of Albemarle’s Silver Peak Lithium brine operation in Clayton Valley. Dajin has signed an MOU with Enirgi Group for exclusive access to their DXP technology in the United States. Dajin is actively advancing exploration on the ground it holds as well as seeking other opportunities in the United States.
ON BEHALF OF DAJIN’S BOARD OF DIRECTORS
Brian Findlay
President & CEO
For further information please contact:
Julie Hajduk at 1 604-609-6151
julie@dajin.ca or info@dajin.ca
Head of Corporate Development
Click here to connect with Dajin Resources Corp. (TSXV:DJI, OTCMKTS:DJIFF, Germany:C2U1) for an Investor Presentation.
