March 16, 2017 – Vancouver, BC – Dajin Resources Corp. (“Dajin”) (TSX-V: DJI) (OTC: DJIFF) (Germany: C2U1) is pleased to release the seismic interpretation report, with maps and cross sections, for its Teels Marsh property in Mineral County, Nevada. Dajin Director, Dr. Mark Coolbaugh in collaboration with researchers at the Nevada Bureau of Mines and Geology (NBMG), at the University of Nevada (“UNR”), Reno prepared the report. UNR’s involvement was made possible by a grant to the Nevada Bureau of Mines and Geology at UNR from Dajin Resources (US) Corp. The report completed the analysis of the high resolution reflection seismic data and updated the structural interpretation of the playa. These data have also been used to refine well targeting as to depth and location, and will provide constraints for interpreting aquifer distributions following drilling.
The results confirm that the sedimentary basin at Teels Marsh is up to 8,200 feet (2,500 metres) in depth. The seismic sections reveal a number of strong reflectors that are variable in strength with depth but can be traced laterally for significant distances. The exact nature of these strong reflectors cannot be confirmed until drilled, but their presence verifies the stratified nature of the basin fill deposits. Many of the reflectors are likely to correspond to accumulations of volcanic ash and/or gravels or other types of sedimentary deposits. Ash deposits from Long Valley Caldera (called the Bishop Tuff) are likely to be found in the marsh due to the size of the catchment basin (313 mi2 or 812 km2 in size) and its proximity to Long Valley. These ash layers have proven to be productive brine sources in Clayton Valley, where the Silver Peak Lithium brine mine is located and operated by Albemarle Corporation.
As stated in the seismic report, “The basin is bounded by normal faults that accommodated development of a composite northwest-tilted half-graben elongate in a N20E to N30E direction and approximately 7 km (4.3 miles) long and 1 to 2.4 km (0.6 to 1.5 miles) wide. Greater displacements along normal faults that form the northwestern margin of the basin led to the development of a northwest-tilted half-graben. The half-graben is filled with generally unconsolidated sediments dipping northwesterly to westerly with dips progressively increasing from 0° near the surface to as much as 25° at 2 km (6,560 feet) depth. Due to the consistent northwesterly to westerly dip of sediments, the deepest portion of any given sedimentary layer will generally lie northwest of the central axis of the graben, but southeast of the primary bounding graben faults on the northwest.”
This detailed analysis significantly expands the size of the basin filling deposits by showing that basin fill extends farther north-westward under surface gravel deposits. For this reason Dajin recently increased its claim size early this year by staking an additional 66 placer claims, bringing the total to 403 placer claims covering 7,914 acres (3,202 hectares). Dajin awaits approval from the Bureau of Land Management of a “Notice of Intent” which is required prior to commencing a drill program. Dajin has been granted the water right to the Teels Marsh by the Nevada Division of Water Resources and water permits for drilling have already been received.
To view a copy of the report “Interpretation of the Seismic Reflection Survey at Teels Marsh, Mineral County, Nevada” please click here.
The technical information in this press release has been prepared in accordance with the Canadian regulatory requirements of National Instrument 43-101 and has been reviewed and approved on behalf of Dajin Resources Corp. by Dajin Directors, Dr. Catherine Hickson, P. Geo and Dr. Mark Coolbaugh, CPG, the Qualified Persons.
About Dajin: (www.dajin.ca)
Dajin is an early stage Lithium exploration company holding a 100% interest in the aforementioned placer claims 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’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 Potassium, Lithium 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)
DAJIN RESOURCES CORP.
Brian Findlay, President
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