Dajin Granted Water Rights At Teels Marsh
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Vancouver, BC / TheNewswire / May 26, 2016 - Dajin Resources Corp. ("Dajin") (TSX-V: DJI) (OTC: DJIFF) (Frankfurt: A1XF20) is pleased to announce that it has acquired water rights at its 100% owned Teels Marsh Lithium project located in Mineral County, Nevada.
In May of 2015, Dajin began the process of applying for water rights through the Nevada Division of Water Resources (NDWR) (State Engineer). Dajin's Application #85204 sought to appropriate 620 gallons per minutes or 1,000 acre feet per annum of underground (UG) water rights in the Teels Marsh Valley in Hydrographic Basin #114. This quantity of water represents the total amount of unappropriated groundwater water that existed in the Teels Marsh hydrographic basin when the application was filed. The water rights were granted and Permit #85204 was issued on May 24, 2016. Dajin is planning a drill program for the fall of 2016 to prove up the water resource as well as continue its exploration of the Lithium brine potential at Teels Marsh.
Dajin believes that the acquisition of water rights is an important aspect of Lithium brine extraction and processing. Low cost and time proven traditional extraction methods require concentration of brines by evaporation in surface ponds. New technologies are being developed that use less water and can potentially return processed water to the reservoir. However, Dajin wishes to maintain maximum flexibility in the adoption of any future process technology for the extraction of Lithium from brine at Teels Marsh, hence the acquisition of water rights is an important step forward in Dajin's development plans.
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 Director, Dr. Catherine Hickson, P. Geo, a Qualified Person.
About Dajin: (www.dajin.ca)
Dajin is an early stage energy metals exploration company holding a 100% interest in 265 placer claims known to contain Lithium and Boron values in the Teels Marsh region of Mineral County, Nevada. These claims, which cover 5,282 acres (2,138 hectares), are adjacent to the birth place of US Borax Corp's first borax mine. Dajin also holds 191 placer claims covering 3,851 acres (1,558 hectares) in the Alkali Lake region of Esmeralda County, Nevada. Dajin has entered into an option agreement with Nevada Energy Metals Inc. (TSX-V:BFF) to explore these claims located 7 miles (12 kilometers) northeast of Rockwood's Clayton Valley Lithium operations.
Dajin also 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 93,000 hectares (230,000 acres) and are located in the Salinas Grandes/Guayatayoc salt lakes basin adjacent to concessions held by Orocobre Ltd. (TSX-T:ORL), who is partnered with Toyota Tsusho. In July 2015, Dajin executed an agreement with the Tres Morros Cooperativa for exploration of the San Jose Project consisting of 4,400 hectares (10,873 acres) of mineral concessions (San Jose and Navidad) within the Salinas Grandes salar.
On Behalf of the Board of Directors
DAJIN RESOURCES CORP.
Brian Findlay, President
The TSX Venture Exchange has not reviewed and does not accept responsibility
for the adequacy or accuracy of this release.
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