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Este blog fue creado para publicar novedades sobre la mineria en Argentina, complementando así nuestro web y presencia en redes sociales. Como todas nuestras actividades, apunta a conectar a la comunidad minera argentina y establecer un ámbito de promoción de la actividad en el mundo, generando oportunidades de negocios.
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This blog was created to publish news on argentinean mining, thus complementing our website and presence in social networks. As all of our activities, it intends to connect the mining community in Argentina and provide a place to promote the activity in the world, developing business opportunities.
Mostrando entradas con la etiqueta Dajin Resources. Mostrar todas las entradas
Mostrando entradas con la etiqueta Dajin Resources. Mostrar todas las entradas

26 nov 2010

Dajin and Byron Capital Enter Into Advisory Agreement


VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 24, 2010) - The Board of Directors of Dajin Resources Corp. ("Dajin") (TSX VENTURE:DJI) is pleased to report an Advisory Agreement (the "Agreement") has been entered into with Byron Capital Markets ("Byron"). Under the terms of the Agreement, Byron will provide various advisory services including introducing Dajin to capital market participants and other strategic investors; providing strategic advice to maximize shareholder value; assisting with advice on Dajin's strategic external growth initiatives including mergers, acquisitions and joint ventures; and making introductions and structuring relationships with strategic business partners. The engagement will initially focus on a strategic review of Dajin's interests in the 20,000 hectares boron, lithium, potash Palar project with a view to identifying possible joint venture partners and/or financing opportunities. Pursuant to the terms of the Agreement Byron will act as a nonexclusive advisor for an initial period of four months. Dajin will pay an advisory fee of $5,000 per month and a success fee equal to 3% of the value of any transaction successfully completed. The Agreement may be terminated by either party upon 30 days written notice.

Brian Findlay, Dajin's President & CEO, stated, "Byron Capital Markets is recognized as a leader in the financing and advisory of companies in the lithium and rare earth industries. We at Dajin are excited about teaming up with Byron at a time when we are actively exploring our boron, lithium and potash projects in northwestern Argentina."

About Byron Capital Markets:

Byron Capital Markets, a division of Byron Securities Limited, is a Toronto-based institutional investment dealer focused on small and mid market capitalization companies primarily in the energy and mining sectors. Byron is a member of the Industry Organization of Canada (IIROC) and provides companies with a full range of investment banking and advisory services to assist them through their various stages of development and growth.

Dajin holds a 100% interest in boron/potash/lithium concessions in the provinces of Salta and Jujuy in the heart of the "lithium triangle" in northwestern Argentina. The principal properties are in the Salar de Salinas Grandes and Guyatayoc salt lake basin and cover approximately 83,000 hectares or 200,500 acres. The drilling of the first hole of a six well drill program is currently underway in the northern block of the Salinas Grandes/Guyatayoc salar.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

For more information, please contact
Dajin Resources Corp.
Brian Findlay
(604)-681-6151
brian@dajin.ca
or
Dajin Resources Corp.
Dave Jenkins
(604)-681-6151
or
Dajin Resources Corp.
Don Mosher
604-638-3166
don@dajin.ca
www.dajin.ca
or
Investor Relations
Rich Kaiser
800-631-8127
Outside North America: #001-757-306-6090
rich@yesinternational.com


23 oct 2010

Drilling Operations Begin At Dajin’s Salinas Grandes/Guayatayoc Boron - Lithium - Potash Project


Vancouver, B.C. – October 19, 2010 - The Board of Directors of Dajin Resources Corp. (“Dajin”) (DJI: TSX-V) is pleased to report that drilling operations have commenced on Dajin’s six well 2,400 meter drill program. The first hole collared is located on the north concession block of Dajin’s 100% owned 83,248 hectare Salinas Grandes/Guayatayoc project in Jujuy Province, Argentina. The project is under the supervision of AMEC Earth and Environmental, one of the world's leading environmental and engineering consulting organizations.

Click the follow link to view our Corporate Fact Sheet: Fact Sheet Link

Orocobre Limited (ORL: TSX-V) who also hold mineral rights in Salinas Grandes/Guayatayoc basin have announced, “Extensive pit sampling at the Salinas Grandes salar shows the highest average lithium and potassium grades in Argentina and comparable with Atacama brines .”

Dajin’s 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 after sampling and geophysical logging 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.

David Jenkins, P.Geo, a qualified person as defined by NI 43-101, has approved the technical content of this press 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

Rich Kaiser - Investor Relations
Phone: 800-631-8127
Outside North America
#001-757-306-6090
E-mail: rich@yesinternational.com

13 oct 2010

Drilling Contract Signed For Dajin’s Salinas Grandes Boron - Lithium - Potash Project


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:

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.

27 may 2010

Dajin Applies For Boron Lithium Potash Concessions In Argentina


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.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.