Dajin Reports That Lsc Lithium Proceeds with Drilling of the San Jose - Navidad Concessions IN Argentina
Suite 450-789 West Pender Street Telephone: (604) 681-6151
Vancouver, BC V6C 1H2 Fax: (604) 689-7654
www.dajin.ca Email:[email protected]
PRESS RELEASE
DAJIN REPORTS THAT LSC LITHIUM PROCEEDS WITH DRILLING
OF THE SAN JOSE - NAVIDAD CONCESSIONS IN ARGENTINA
August 23, 2018 - Vancouver, BC - Dajin Resources Corp. (“Dajin”) (TSX-V: DJI) (OTCQB: DJIFF) (Germany: C2U1)
management wishes to report that LSC Lithium Corporation (LSC) has announced a Rights Offering (Press
Release, August 16, 2018). In the release LSC states that the net proceeds from the planned Rights Offering
will be used by the Company to support ongoing development activities at the ir three major projects, the
Pozuelos-Pastos Grandes Project, the Rio Grande Project and the Salinas Grandes Project. A portion of the
funds will be allocated for further exploration work on the Salinas Grandes Project with a view to completing
a maiden mineral resource. LSC reported that they have amassed a large portfolio of prospective lithium rich
salars and is focused on developing its ma jor projects: Pozuelos and Pastos Grandes Project, Rio Grande
Project and Salinas Grandes Project.
LSC (the project operator) have commenced their phase two exploration program of near-surface brines at the
San Jose-Navidad minas using a Vibracore drilling machine. Using this drilling method, the exploration crew
will take brine and core samples for Relative Brine Release Capacity (RBRC) determination. RBRC
determinations are used to provide information on the ability of brine to flow through the subsurface and,
combined with the assay results, provide a more complete picture of the resource potential. These new
measurements will augment the Lithium assay results from the phase one work announced in February 2018
on the San Jose-Navidad minas.
Dajin is LSC’s partner in the Salinas Grandes salar in the Province of Jujuy, Argentina. The San Jose-Navidad
minas form part of a 93,000 hectare s land package to be earned by LSC (51%). To fulfill the terms of the
earn-in agreement, LSC must complete $2,000,000 in exploration expenditures. Early in 2018, LSC completed
the phase one surface exploration program of the northwestern portion of the San Jose-Navidad minas located
on the Salinas Grandes salar. During the initial exploration program 25 shallow brine samples cover ing an
area of 550 hectares (5.5 km 2) in the northwestern corner of the 4,300 hectare s (43 km2) San Jose -Navidad
minas were taken. Lithium brine c oncentrations ranged from 281 mg/l to 1,353 mg/l, averaging 591 mg/l .
These assay results were announced in Dajin’s February 28, 2018 press release. (click here to see Geochemical Map)
About Dajin: (www.dajin.ca)
Dajin, is an early stage Lithium exploration company. Through its interest in Dajin Resources S.A. (“Dajin
S.A.”), it holds concessions or concession applications in Jujuy Province, A rgentina that were acquired in
regions known to contain brines with Lithium, Potassium and Boron values. These land holdings exceed
93,000 hectares (230,000 acres) and are primarily located in the Salinas Grandes and Guayatayoc salt lake
basins (salars). San Jose/Navidad mina s form part of the 93,000 hectare land package covered by the joint
venture between LSC (51%) and Dajin (49%). LSC is the operator of the exploration project and is required
to complete CDN$2,000,000 in expenditures.
In the United States Dajin holds a 100% interest in 403 placer claims covering 7,914 acres (3,202 hectares) in
the Teels Marsh valley of Mineral County, Nevada. Construction of drill pads and roads has been completed
in anticipation of commencing a drill program later in the year. 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 278 placer claims covering 5,591 acres (2,262 hectares) in the Alk ali Lake valley of
Esmeralda County, Nevada, located 7 miles (11 kilometers) northeast of Albemarle’s Silver Peak Lithium
brine operation in Clayton Valley.
ON BEHALF OF DAJIN’S BOARD OF DIRECTORS
Brian Findlay For further information please contact Dajin:
President & CEO 604-609-6151 or [email protected]
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or
accuracy of this release.