Dajin Resources Corp. Gold Mineralization Discovered On Addie 1
27.04.2012 | The Newswire
Vancouver, B.C. – April 27, 2012 - Dajin Resources Corp. ("Dajin") (DJI: TSX-V) is pleased to announce the discovery of a potentially large zone of gold mineralization, based upon results from the recent 12 hole (2,484 m) drill program at Dajin’s 100% owned Addie 1 gold prospect. The Addie 1 claims are located in the Cariboo Mining District in south central British Columbia adjacent to and southeast of Spanish Mountain Gold Ltd’s (SPA: TSX-V) gold discovery which is reported to contain 6 million ounces of gold.Significant gold results were encountered in both drill targets previously identified by geochemistry and airborne geophysics. Drill holes AD1-2011-007, AD1-2011-008, AD1-2011-011 and AD1-2011-012 ended in mineralization. The two southwestern most holes AD1-2011-011 and AD1-2011-012 have mineralized intervals of 92 meters and 85.2 meters respectively. Of particular note, the last sample in AD1-2011-011 assayed 0.283 g/t gold. In addition to the prospective region between the two drill patterns, gold mineralization is open in all directions.
Further trenching, ground geophysics and detailed structural mapping is planned prior to Dajin’s next phase of drilling. With gold grade and intersection lengths increasing to the south and west in the southern drill pattern, Dajin’s next drill program will extend into this under explored till-covered region. The Addie 1 claims extend southerly more than 1.5km beyond the drill pattern.
Addie 1 DDH Intervals (m) and average Gold Grades (g/t)
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|DDH# |from (m)|to (m)|interval (m)|Au g/t|
|------------------------------------------------|
|AD1-2011-009|6.0 |102.0 |96.0 |0.106 |
|------------------------------------------------|
|AD1-2011-009|148.0 |158.0 |10.0 |0.096 |
|------------------------------------------------|
|AD1-2011-010|150.0 |164.0 |14.0 |0.098 |
|------------------------------------------------|
|AD1-2011-011|108.0 |201.2 |93.2 |0.149 |
|------------------------------------------------|
|AD1-2011-012|20.0 |50.0 |30.0 |0.131 |
|------------------------------------------------|
|AD1-2011-012|116.0 |201.2 |85.2 |0.116 |
|------------------------------------------------|
|AD1-2011-001|4.9 |26.0 |21.1 |0.114 |
|------------------------------------------------|
|AD1-2011-002|10.0 |32.0 |22.0 |0.11 |
|------------------------------------------------|
|AD1-2011-003|42.0 |44.0 |2.0 |0.141 |
|------------------------------------------------|
|AD1-2011-004|no significant intervals |
|------------------------------------------------|
|AD1-2011-005|6.1 |36.0 |29.9 |0.116 |
|------------------------------------------------|
|AD1-2011-005|46.0 |52.0 |6.0 |0.13 |
|------------------------------------------------|
|AD1-2011-005|58.0 |80.0 |22.0 |0.107 |
|------------------------------------------------|
|AD1-2011-006|98.0 |104.0 |6.0 |0.111 |
|------------------------------------------------|
|AD1-2011-007|60.0 |84.0 |24.0 |0.111 |
|------------------------------------------------|
|AD1-2011-007|144.0 |152.0 |8.0 |0.109 |
|------------------------------------------------|
|AD1-2011-008|40.0 |60.0 |20.0 |0.101 |
|------------------------------------------------|
|AD1-2011-008|76.0 |84.0 |8.0 |0.116 |
|------------------------------------------------|
|AD1-2011-008|160.0 |190.0 |30.0 |0.133 |
|------------------------------------------------|
|AD1-2011-008|246 |259.1 |13.1 |0.113 |
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Intervals are drill intervals only. No true thickness as orientation of the mineral zones has yet to be determined.
The Addie 1 prospect belongs to the Sediment Hosted Vein Deposit (“SHVD”) class of mineral deposits. These are shale or siltstone hosted deposits emplaced during regional metamorphic events. They tend to occur in groups and may have very large aggregate tonnages and cumulative ounces of gold. They occur in many places but are most prolific in Asia. Important examples are Muruntau (>80M oz), Sukhoy Log (>20M oz), Amantaytau, Daugiztau, Kumtor, Bakirchik, Olympiada, Nezhdaninskoe, Natalka, and Maysky (all > 5M oz). In Australia, the numerous deposits of the Victorian gold fields include Bendigo (>20Moz), Ballarat, Fosterville, and Stawell. In New Zealand, Macraes Flat (~5M oz) and other smaller deposits are known. The Spanish Mountain Deposit that is being explored 8km northwest of the Addie 1 prospect is a local example of the deposit class that is reported to contain 6 million ounces of gold.
The drill program was supervised by Greg Davison, PGeo, who compiled the assay data reported herein and is the qualified person who has reviewed and approved this press release.
About Dajin: (www.dajin.ca)
Dajin’s Addie 1 property is located on the north side of the west arm of Quesnel Lake in the British Columbia Cariboo Mining District. 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: TSX-V) Spanish Mountain gold discovery. Dajin also owns a 100% interest in 34 mineral claims comprising the Addie 2 property located south of Quesnel Lake and adjacent to the Frasergold deposit. The Addie 2 property is another SHVD gold target with defined drill targets.
Dajin owns a 65% interest in 32 certain mineral claims and 100% interest in 20 additional mineral claims which comprise the Cowtrail Property. Dajin has intersected 1.16 g/t gold and 0.043% copper mineralization over 60.0 feet (18.3 meters) and 0.11 g/t gold and 0.20 % over 124.6 ft (38.0 meters). The Cowtrail Property is contiguous to Consolidated Woodjam Copper Corp's (WCC: TSX-V) Woodjam Copper-Gold project which has been optioned by Gold Fields Limited (NYSE: GFI) Gold Fields has a commitment to spend up to $40 million to earn a 70% interest in this project. An initial resource estimate of 146.5 million tonnes at 0.33% copper (1.06 billion pounds of copper) on the Woodjam Project has been reported by Gold Fields.
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/boron companies currently exploring in Jujuy province include Lithium Americas Inc. (LAC: TSX-T) backed by Mitsubishi and Orocobre Limited (ORL: TSX-T) backed by Toyota. Orocobre previously sampled it’s concessions and announced, “Extensive pit sampling at the Salinas Grandes salar shows the highest average lithium and potassium grades in Argentina and comparable with Atacama brines.”
For further information please contact:
Dajin Resources Corp.
Brian Findlay or Dave Jenkins
Phone: 604-681-6151
Email: brian@dajin.ca
Rich Kaiser – Investor Relations
Phone : 800-631-8127
Email: rich@yesinternational.com