Dajin Stakes Nevada Lithium Target
Vancouver, BC / TNW-ACCESSWIRE / October 29, 2014 / Dajin Resources Corp. (the "Company") ( DJI-V: TSX ) is pleased to report that the Company's wholly owned subsidiary, Dajin Resources (US) Corp., acquired by staking a 100% interest in 264 mineral claims covering 2,187 hectares (5,405 acres) in Mineral County, Nevada. These claims cover the region commonly known as Teels Marsh, a playa (closed lake basin), where it has been reported, as a result of extensive sampling programs by the US Geological Survey (OFR: 76-828), the presence of Lithium concentrations of up to 850 ppm. With the completion of the recent private placement of $1,221,500 the Company is currently organizing an initial exploration program.
The Teels Marsh property is approximately 50 miles northwest of the Clayton Valley lithium production unit of Rockwood Lithium Inc. (formerly Chemetall-Foote), the only producing brine based lithium mine operation in North America. The property is adjacent to patented claims where borax was harvested by a forerunner of 20 Mule Team Borax, a member of the Rio Tinto Group. Tesla Motors Inc. has recently announced that they will construct a "Gigafactory" battery manufacturing facility in the vicinity of Reno, Nevada for the production lithium ion batteries. Nevada is a mining friendly state with a well-established permitting procedure. The area has significant infrastructure including good road access, power and a local labour force.
About Dajin:
Dajin holds a 100% interest in 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 total approximately 100,000 hectares (247,000 acres) with 80,248 hectares (198,000 acres) located in the Salinas Grandes/Guayatayoc salt lakes basin adjacent to concessions held by Orocobre Ltd. (ORL-T: TSX), who is partnered with Toyota Tsusho.
For further information please contact:
DAJIN RESOURCES CORP.
Brian Findlay, President
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adequacy or accuracy of this release.
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