Vancouver, B.C. – May 27, 2010 - Dajin Resources Corp. (the "Company") ( DJI-V: TSX ) is pleased to report that it has applied for 20,000 hectares (approximately 49,420 acres) of cateos (mineral exploration concessions) in Jujuy Province, Argentina. The concessions are being acquired for the boron, lithium and potash rich brines believed to exist on the concessions. Palar Lake, located in the northwestern corner of Argentina at an elevation of 4,300m is the lowest elevation water body in an endorheic (internally draining) basin with a total area of 1,393 square kilometers. Palar Lake covers a reported 2,250 hectares of borate and salt deposits and a brine lake that is recorded in academic publications to average 69,000 ppm in total dissolved solids or approximately twice the salinity of average seawater. Small salt ponds that exist on the physiographic flats adjacent to Palar Lake and at a similar elevation are strongly suggestive of broadly extensive brine deposits in near surface geological materials on the floor of the basin and comprise exploration targets in addition to the brines comprising Palar Lake.
The recent application brings the Company’s brine concessions in Jujuy Province to a total of 103,000 hectares or approximately 254,500 acres.
The closed basin within which the new concessions are located is underlain by high potassium tuffs and ignimbrites erupted from the Vilama Caldera approximately 8 million years ago. The Vilama Caldera erupted approximately 2,000 cubic kilometers of ejecta making this one of the largest super explosive volcanic events known on Earth. Modern seismic data strongly suggest the magma source for this eruption is still active. Leaching of the dacite tuffs and ignimbrites by both groundwater and hydrothermal fluids emanating from the underlying magma are excellent sources of boron, lithium and potassium ions which are naturally concentrated by evaporation in these lakes. Precipitation in the region is only approximately 100mm per annum and is coupled with a high number of days per year of sunshine and nearly constant breezes. Thus climatic conditions in the region are excellent for concentrating all the salts in the natural brines and for high efficiencies in an evaporation based differential crystallization process for recovering lithium, potash and boron.
David Jenkins is the Qualified Person, as defined by National Instrument 43-101, who has approved the technical information presented in this news release.
About Dajin Resources Corp. (www.dajin.ca)
Dajin holds a 100% interest in boron/potash/lithium concessions, in the provinces of Salta and Jujuy in northwestern Argentina. The principal properties in the Salar de Salinas Grandes and Guyatayoc salt lake basin cover approximately 83,000 hectares or 200,500 acres.
For further information please contact:
DAJIN RESOURCES CORP.
Brian Findlay or Dave Jenkins
Phone: (604)-681-6151
E-mail: brian@dajin.caThe recent application brings the Company’s brine concessions in Jujuy Province to a total of 103,000 hectares or approximately 254,500 acres.
The closed basin within which the new concessions are located is underlain by high potassium tuffs and ignimbrites erupted from the Vilama Caldera approximately 8 million years ago. The Vilama Caldera erupted approximately 2,000 cubic kilometers of ejecta making this one of the largest super explosive volcanic events known on Earth. Modern seismic data strongly suggest the magma source for this eruption is still active. Leaching of the dacite tuffs and ignimbrites by both groundwater and hydrothermal fluids emanating from the underlying magma are excellent sources of boron, lithium and potassium ions which are naturally concentrated by evaporation in these lakes. Precipitation in the region is only approximately 100mm per annum and is coupled with a high number of days per year of sunshine and nearly constant breezes. Thus climatic conditions in the region are excellent for concentrating all the salts in the natural brines and for high efficiencies in an evaporation based differential crystallization process for recovering lithium, potash and boron.
David Jenkins is the Qualified Person, as defined by National Instrument 43-101, who has approved the technical information presented in this news release.
About Dajin Resources Corp. (www.dajin.ca)
Dajin holds a 100% interest in boron/potash/lithium concessions, in the provinces of Salta and Jujuy in northwestern Argentina. The principal properties in the Salar de Salinas Grandes and Guyatayoc salt lake basin cover approximately 83,000 hectares or 200,500 acres.
For further information please contact:
DAJIN RESOURCES CORP.
Brian Findlay or Dave Jenkins
Phone: (604)-681-6151
Don Mosher
Phone: 604-638-3166
E-mail: don@dajin.ca
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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