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Dajin Resources Corp (2)
Symbol DJI
Shares Issued 83,354,731
Close 2015-04-20 C$ 0.09
Market Cap C$ 7,501,926
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Dajin Resources samples up to 382 ppm Li at Alkali Lake

2015-04-21 09:06 ET - News Release

Mr. Brian Findlay reports

DAJIN RELEASES LITHIUM ASSAY RESULTS AT ALKALI LAKE

Dajin Resources Corp.'s wholly owned subsidiary, Dajin Resources (U.S.) Corp., has received lithium assay results from a sediment sampling program carried out on Dajin's 100-per-cent-owned Alkali Lake project in Esmeralda county, Nevada. There were eight widely spaced locations sampled and 14 sediment samples submitted for analysis. The program confirmed the presence of near-surface lithium in all 14 samples, ranging from a low value of 73 parts per million to the high value of 382 parts per million. There were two assays that returned lithium values greater than 300 parts per million and seven assays with values greater than 90 parts per million.

Upon completion of the analysis and interpretation of the sampling program, Dajin is planning to carry out further ground-based geophysical and sampling surveys in order to better define the depth and size of the aquifers within the Alkali Lake basin and their lithium concentrations.

Alkali Lake consists of 138 placer claims covering an area of 2,811 acres (1,138 hectares). The property is located approximately seven miles (12 kilometres) northeast of Rockwood Lithium's Clayton Valley lithium operation, the only producing brine-based lithium mine in operation in North America. The Rockwood lithium operation was recently acquired by Albemarle Corp., the world's largest producer of lithium products, as part of a $6.2-billion transaction.

Like Clayton Valley, Alkali Lake is a classic, fault-bounded closed basin where evaporation exceeds precipitation. Alkali Lake is in a known geothermal area and contains volcanic rocks with high lithium values. Just as with circulating basin waters, deep fluids (particularly hot ones associated with the geothermal resource) dissolve rocks, liberating boron, lithium, and other elements such as sodium and chloride. These minerals are brought to the surface as springs emanating from the faults bounding the playa. The location of a closed basin in an arid environment with a geothermal system and plentiful sources of lithium suggests that Alkali Lake may host significant lithium-rich brines.

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and has been reviewed and approved on behalf of the company by Catherine Hickson, PGeo, a qualified person.

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