Dajin drilling gold /copper targets at Cowtrail
09.11.2011 | The Newswire
Vancouver, B.C. - November 9, 2011 - Dajin Resources Corp. (“Dajin“) (DJI-V) reports that it has commenced a 6 hole - 2400 meter diamond drill program at Dajin's Cowtrail gold / copper porphyry project located north of Horsefly in the Cariboo Mining District of south central British Columbia. This location is within the mineral deposit prolific Quesnel Trough approximately midway between the Mount Polley copper / gold mine to the northwest and Gold Field Limited's advanced copper / gold porphyry project to the south.The 6 NQ2 gauge (2.0“ diameter) diamond drill holes will follow-up a gold / copper intersection (1.16 g/t gold and 0.043% copper over 18.3 meters) obtained by Dajin in an earlier drill program at the Cowtrail and will test additional I.P. anomalies identified in a survey Dajin completed in 2008.
About Dajin: (www.dajin.ca)
Dajin is currently drilling on the Addie 1 property in the British Columbia Cariboo Mining District, on the north side of the west arm of Quesnel Lake, where Dajin owns a 100% interest in 29 mineral claims with a 1,500 meter long, linear gold in soils anomaly adjacent to Spanish Mountain Gold Ltd.'s (SPA-V) Spanish Mountain gold discovery. The Company also owns a 100% interest in the Addie 2 property comprising of 48 mineral claims south of Quesnel Lake, and adjacent to the Frasergold deposit.
Dajin has an option agreement with Cariboo Rose Resources Ltd. (CRB-V) whereby Dajin can earn a 65% interest in the Cowtrail Property where the Company intersected 1.16 g/t gold and copper mineralization over 60.0 feet (18.3 meters). The Cowtrail Property is adjacent to the Fjordland/Cariboo Rose copper gold joint venture which has been optioned by Gold Fields Limited with a commitment to spend $40 million to earn a 70% interest in the project.
Dajin holds a 100% interest in concessions or concession applications in Salta and Jujuy Provinces that were acquired in regions known to contain brines with potassium, lithium and boron values. These lands total approximately 100,000 hectares, with 80,248 hectares located in the Salinas Grandes / Guayatayoc salt lakes basin. Other potash /lithium companies currently exploring in Jujuy province include Orocobre Limited (ORL: TSX-T) and Lithium Americas Inc. (LAC: TSX-T).
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: 604-681-151
Email: brian@dajin.ca
Don Mosher
Phone: 604638-3166
Email: don@dajin.ca
Rich Kaiser - Investor Relations
Phone : 800-63.1-8127
Email: rich@yesinternational.com