Dajin Resources Corp. is a Lithium exploration company with brine-based lithium exploration projects located in the salar basins of northwest Argentina and Nevada.
The company holds a 100% interest in 403 placer claims totaling 3,202 hectares (7,914 acres) located on a desert playa known as Teels Marsh in Mineral County, Nevada. This is a potential brine-based lithium target. These claims are known to contain Lithium and Boron values and are adjacent to the birth place of US Borax Corp's first borax mine. Exploration activities since early 2015 have included: a gravity survey, a 9-hole Geoprobe survey, a structural analysis and most recently, a seismic survey carried out in May, June 2016.
The company also holds 278 placer claims totaling 2,262 hectares (5,591 acres) in Alkali Lake, Esmeralda County, Nevada, just 11 km from Albemarle's Silver Peak Lithium Brine Mine, North America's only producing brine-based lithium mine.
Dajin also holds mineral concessions totalling 93,000 hectares (230,000 acres) in a salt flat known as Salinas Grandes in Jujuy Province, Argentina. Exploration of the 4,400 hectares (10,873 acres) in San Jose/Navidad minas has commenced where 25 shallow brine samples were taken returning concentrations ranging from 281 mg/l to 1,353 mg/l averaging 591 mg/l Lithium. These claims sit within the "Lithium Triangle" which is reported to contain in excess of 80% of the world's supply of lithium.
On August 8, 2016, Dajin's wholly owned Argentinian subsidiary, Dajin Resources S. A., signed a binding Memorandum of Understanding ("MOU") with LSC Lithium Corporation ("LSC Lithium") whereby LSC Lithium was granted an option to earn a 51% interest in Dajin's lithium properties in Argentina. On October 27, 2016, Dajin reported that it has entered into a share purchase agreement with LSC Lithium Corporation whereby they paid $1,000,000 and agreed to spend $2,000,000 on exploration of the properties.