Vancouver, B.C. – The Board of Directors of Dajin Resources Corp. (“Dajin”) (DJI-V: TSX) is pleased to report that Dajin’s Argentine subsidiary has signed a contract with an Argentine contractor for drilling at its 100% owned 83,248 hectare Salinas Grandes/Guayatayoc project in Jujuy Province, Argentina. Drilling is scheduled to commence in October, 2010 under the supervision of AMEC Earth and Environmental, one of the world's leading environmental and engineering consulting organizations.
The six hole program of rotary drilling is designed to determine the characteristics of the several aquifers and their contained fluids that seismic data indicate underlie the Salinas Grandes and Guayatayoc salt lake basins. The holes will be collared with eight inch diameter pipe which will be reduced to six inches in diameter as required by drilling conditions. The holes will be completed as observation wells by installation of four inch slotted casing. In the event water of a quality suitable for domestic or agricultural purposes is encountered in the drilling that aquifer will be isolated, tested and developed for small scale local use.
The Company is approaching its exploration work with a full recognition of the traditional peoples and communities of the area. Consultation and transparency have been two key elements of this approach and the early awareness of this has been led by the Argentine project management. Access to the drill sites will be by means of the existing seismic grid lines and other access roads currently in use by the local inhabitants thus preserving scenic values. Dajin, rather than installing a temporary exploration camp, has chosen to join with the community in developing sleeping and dining accommodations in local settlements.
Dajin is assisting an initiative for growing a tourist industry that is currently under regional government sponsorship. This has been a co-operative development which, upon completion of the exploration phase of work, will continue to serve as facilities to encourage tourist traffic through the area. The contribution of Dajin allowed local families to develop accommodations with minimal financial risk and without incurring mortgages.
The arrangement of accommodation for the exploration work close to the community will offer simple options for some local employment in a region where the average family counts its annual income in a few hundreds of dollars. As an initial step in the program, Dajin has already contributed to the upgrading of a local nursing station which will cover early emergency response requirements for both the local community and the workers involved in the exploration on the project and help with access to regional ambulance service.
The technical basis for the drilling program has been well defined by review and analysis of earlier geophysical and geological studies. Mr. Marshall of Safari Energy Inc., a Calgary based geophysical consultant, previously reported its interpretation of 417.6 line kilometres of 2D seismic lines shot on and around Dajin’s Salinas Grandes/Guayatayoc project. The data indicate stacked salt deposits deposited in sedimentary/structural basins are interbedded with coarse clastic sediments which have potential to be collection zones for denser, higher grade brines. The seismic lines were originally acquired in the 1980’s by oil and gas operators whilst evaluating hydrocarbon potential of the sedimentary basin. The seismic lines comprise two data sets, one covering the northern block and a second covering the east side of the southern block.
From his interpretation of the seismic data, Mr. Marshall selected and recommends eleven drill sites for initial delineation and evaluation of possible reservoir quality lithologies. He, in addition, recommended the first holes be logged with standard geophysical wire-line logs in order to further delineate seismic reflectors and enhance correlation of lithologies to the seismic data.
Mr. Brian Findlay, President of Dajin comments, “I am pleased the drill program on the Salares Grandes/Guayatayoc salt lake basin can now proceed. The commencement of this drill program is one more positive step forward for Dajin to test its target of a substantial economic resource of potash, lithium and borates in one of the largest brine basins in Argentina.” He also points out that as a consequence of Dajin’s 100% ownership in these concessions the company will have no payments or work commitments to previous owners and no royalties to pay to third parties.
David Jenkins is the Qualified Person, as defined by National Instrument 43-101, who has approved the technical information presented in this news release.
For further information please contact:
The six hole program of rotary drilling is designed to determine the characteristics of the several aquifers and their contained fluids that seismic data indicate underlie the Salinas Grandes and Guayatayoc salt lake basins. The holes will be collared with eight inch diameter pipe which will be reduced to six inches in diameter as required by drilling conditions. The holes will be completed as observation wells by installation of four inch slotted casing. In the event water of a quality suitable for domestic or agricultural purposes is encountered in the drilling that aquifer will be isolated, tested and developed for small scale local use.
The Company is approaching its exploration work with a full recognition of the traditional peoples and communities of the area. Consultation and transparency have been two key elements of this approach and the early awareness of this has been led by the Argentine project management. Access to the drill sites will be by means of the existing seismic grid lines and other access roads currently in use by the local inhabitants thus preserving scenic values. Dajin, rather than installing a temporary exploration camp, has chosen to join with the community in developing sleeping and dining accommodations in local settlements.
Dajin is assisting an initiative for growing a tourist industry that is currently under regional government sponsorship. This has been a co-operative development which, upon completion of the exploration phase of work, will continue to serve as facilities to encourage tourist traffic through the area. The contribution of Dajin allowed local families to develop accommodations with minimal financial risk and without incurring mortgages.
The arrangement of accommodation for the exploration work close to the community will offer simple options for some local employment in a region where the average family counts its annual income in a few hundreds of dollars. As an initial step in the program, Dajin has already contributed to the upgrading of a local nursing station which will cover early emergency response requirements for both the local community and the workers involved in the exploration on the project and help with access to regional ambulance service.
The technical basis for the drilling program has been well defined by review and analysis of earlier geophysical and geological studies. Mr. Marshall of Safari Energy Inc., a Calgary based geophysical consultant, previously reported its interpretation of 417.6 line kilometres of 2D seismic lines shot on and around Dajin’s Salinas Grandes/Guayatayoc project. The data indicate stacked salt deposits deposited in sedimentary/structural basins are interbedded with coarse clastic sediments which have potential to be collection zones for denser, higher grade brines. The seismic lines were originally acquired in the 1980’s by oil and gas operators whilst evaluating hydrocarbon potential of the sedimentary basin. The seismic lines comprise two data sets, one covering the northern block and a second covering the east side of the southern block.
From his interpretation of the seismic data, Mr. Marshall selected and recommends eleven drill sites for initial delineation and evaluation of possible reservoir quality lithologies. He, in addition, recommended the first holes be logged with standard geophysical wire-line logs in order to further delineate seismic reflectors and enhance correlation of lithologies to the seismic data.
Mr. Brian Findlay, President of Dajin comments, “I am pleased the drill program on the Salares Grandes/Guayatayoc salt lake basin can now proceed. The commencement of this drill program is one more positive step forward for Dajin to test its target of a substantial economic resource of potash, lithium and borates in one of the largest brine basins in Argentina.” He also points out that as a consequence of Dajin’s 100% ownership in these concessions the company will have no payments or work commitments to previous owners and no royalties to pay to third parties.
David Jenkins is the Qualified Person, as defined by National Instrument 43-101, who has approved the technical information presented in this news release.
For further information please contact:
DAJIN RESOURCES CORP.
Brian Findlay or Dave Jenkins
Phone: (604)-681-6151
E-mail: brian@dajin.ca
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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