Dajin Resources Corp: Gold Targets Drilled at Addie 1
(via Thenewswire.ca)
Vancouver, B.C. - November 4, 2011 - Dajin Resources Corp. (“Dajin“) (DJI-V) reports that it has commenced a 12 hole - 2400 meter diamond drill program at Dajin's 100% owned Addie 1 gold project located in the Cariboo Mining District in south central British Columbia which is adjacent to and southeast of Spanish Mountain Ltd.'s (SPA -V) 1.9 million ounce Spanish Mountain gold deposit.
The 12 HQ gauge (2.5“ diameter) diamond drill holes will test the strong gold and gold pathfinder element targets identified by Dajin's 2010 soil sampling program. Gold was initially interpreted to occur mainly in colluvial materials, sediments and weathered bedrock that originated either in place or a short distances upslope from the sample locations. This interpretation and the targets were subsequently confirmed by Dajin's 2011 Quaternary mapping program carried out by Dr. Vic Levson, an independent geological consultant and former Executive Director of Resource Development and Geoscience with the BC Ministry of Energy and Mines. Dr. Levson commonly found even greater quantities of gold deeper in the soil profile at six multi-site multi-element (gold and arsenic and/or antimony) anomalous areas on the slopes occurring south of Spanish Lake.
About Dajin: (www.dajin.ca)
In the British Columbia Cariboo Mining District, on the north side of the west arm of Quesnel Lake, Dajin owns a 100% interest in 29 mineral claims with a 1,500 meter long, linear gold in soils anomaly adjacent to Spanish Mountain Gold Ltd.'s (SPA-V) Spanish Mountain gold discovery. The Company also owns a 100% interest in 48 mineral claims south of Quesnel Lake, adjacent to the Frasergold deposit. Dajin has an option agreement with Cariboo Rose Resources Ltd. (CRB-V) whereby Dajin can earn a 65% interest in the Cowtrail Property where the Company intersected 1.16 g/t gold and copper mineralization over 60.0 feet (18.3 meters). The Cowtrail Property is adjacent to the Fjordland/Cariboo Rose copper gold joint venture which has been optioned by Gold Fields Limited with a commitment to spend $40 million to earn a 70% interest in the project.
Dajin holds a 100% interest in concessions or concession applications in Salta and Jujuy Provinces that were acquired in regions known to contain brines with potassium, lithium and boron values. These lands total approximately 100,000 hectares, with 80,248 hectares located in the Salinas Grandes / Guayatayoc salt lakes basin. Other potash /lithium companies currently exploring in Jujuy province include Orocobre Limited (ORL: TSX-T) and Lithium Americas Inc. (LAC: TSX-T).
David Jenkins, P.Geo, a qualified person as defined by NI 43-101, has approved the technical content of this press release.
For further information please contact:
Brian Findlay or Dave Jenkins Don Mosher Rich Kaiser - Investor Relations
Phone: 604-681-151 Phone: 604638-3166 Phone : 800-63.1-8127
Email: brian@dajin.ca Email: don@dajin.ca Email: rich@yesinternational.com
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