Dajin Resources Corp.: Exploration Innovation, The Next Discovery

OverviewDajin Resources Corp. (“Dajin”) is a British Columbia exploration company with mining projects in the Cariboo Mining District in Central BC and the Nelson Mining District in South-eastern BC. Within the Cariboo Mining District Dajin holds, southeast of Skygold Ventures Ltd. (TSX-V: SKV) recent gold discovery, a 100% interest in 28 Addie 1 mineral claims in Spanish Lake region where an airborne survey was flown in July 2007 and a 100% interest in 20 Addie 2 mineral claims in the Eureka Peak region where an airborne survey was conducted August 2007. In May 2007 Dajin entered into an option agreement with Hawthorne Gold Corp. (TSX-V: HGC) whereby, upon the expenditure of $500,000 over a three year period, Hawthorne shall earn a 70% interest in 18 mineral claims. The mineral claims are centered on Eureka Peak and the Eureka Peak syncline. Two styles of gold mineralization are known within this portion of the syncline. Historical drilling results indicated the presence of the 360,000 oz FRASERGOLD deposit which is hosted within phyllitic sediments and is located on the eastern limb of the syncline. Eureka Peak gold-sulphide mineralization is found closer to the core of the fold, near the base of volcanics that overlay the sediments. Similar deposits within the Orogenic Gold model range in size up to multi-million ounces and include such noted examples as McRaes Flat (New Zealand) and Sukhoi Log (Russia). Key Points:
Chief PropertiesDajin Resources Corp. (“Dajin”) holds an option to acquire 100% interest in 49 mineral claims over geological terrains that are prospective for gold deposits. Addie1:The twenty-nine Addie 1 claims located in the “Spanish Mountain” region are five (5) kilometers east of Likely covering 10,910 hectares of prospective geology along strike of the stratigraphy and regional structure that hosts potentially bulk tonnage mineable gold mineralization currently being drilled by Skygold Ventures Ltd. (www.skygold.ca) The 70 hole exploration program completed in 2006 by Skygold has encountered intersections, with intercepts of 94.5 meters grading 1.81 grams and 53.3 meters grading 2.05 grams of gold per tonne respectively. In the summer of 2006 Dajin completed a stream sediment sampling program on the Addie 1 claims which confirmed the presence of gold anomalies in a number of streams. An airborne survey, flown in July, will be followed by an extensive soil sampling program. Addie 2:The remaining twenty Addie 2 claims located in the “Eureka Peak” Mountain” region 25 kilometers east of Horsefly cover 8,705 hectares of prospective geology. The claims cover the same stratigraphy that hosted a 360,000 ounce gold deposit, explored in the 1980’s and early 1990’s. Previous work identified gold mineralization within a close spaced drill pattern that was reported to be in the order of 11.8 million tonnes in excess of 1.5 g/t. This historical zone was commonly referred to as the FRASERGOLD zone. It was reported that within its’ drill pattern there existed, to a depth of 100 meters, a drill indicated potential for 41 million tonnes of mineralization with no specified gold grade. Dajin has optioned eighteen of the Addie 2 claims, contiguous to the Frasergold zone, to Hawthorne Gold Corp. (www.hawthornegold.com) whereby Hawthorne shall spend $500,000 over the next three years to earn a 70% interest in the claims. In the Eureka Region a stream sediment sampling program was completed in the summer of 2006 which when analyzed provided very encouraging results from an area previously unexplored. A follow up soil sampling program covering 24 square kilometers was completed in September 2007. This exceptionally large anomalous area was further tested by a geochemical soil sampling program at twenty-five (25) meter intervals along nine (9) lines spaced at 500 metres. The approximately 1,800 soil samples acquired in the program were analyzed for gold using nominal 30 gram sample aliquots and wet chemical techniques at ACME Laboratories. Arsenic and other indicator elements were analyzed using a .5 gram sample aliquots and conventional ICP techniques which also gave a second gold analytical value for each sample. Through the soil sampling program four regions with anomalous gold or gold plus arsenic contents were encountered which management believes to have good potential for a sediment hosted gold deposit. Three of the gold anomalous areas, above a 50 ppb threshold, extend across four or five of the sampling control lines spaced at 500 metres, or lengths in excess of 2,000 and 2,500 metres. Peak gold values are 338 ppb to more than 400 ppb in three of the anomalous regions while the fourth anomalous region has peak gold values of 1173 ppb and 2063 ppb. Anomalous gold values peaked at 354 ppb. Management
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Sat, Jul 19, 2008
Post by Melissa Pistilli, Gold Senior Reporter