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DJI 45,500 Hectars - AIS 4,308
DJI is very undervalued. The asset in Argentina alone should have the stock at 25 cents. real oppertunity to make some good money as Pluspetrol prepares to move on to the property.
Vancouver, British Columbia – July 25, 2018 – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) is pleased to announce that the Company has entered into an option agreement to acquire five lithium brine mining tenements in the Salinas Grandes Salar, Salta province Argentina (“Salitinas” or “the Project”). The 4,308 hectare land package resides in the Puna region of northwest Argentina near the border of Chile, an area renowned for its lithium- and potassium-rich brine resources. The surface elevation of the Salinas Grandes salar is approximately 3,400 metres above sea level.
Under the terms of the Option Agreement AIS has agreed to incur total expenditures of at least US$1.2 million prior to June 13, 2020. The Company can acquire an undivided 100% in the Project at any time during the Agreement by making payments totaling US$4 million. To secure the Option Agreement, AIS has agreed to pay US$250,000.
COO In Argentina Now...
Touched down this morning. Pluspetrol's history in oil & gas & recently in Lithium brine is to buy out the competition. Keep on the radar.
COO off to Argentina next week....
As it sits, Pluspetrol needs to spend approx 1.7 million for 51% control. Leaving 49% or 45570 hectars of the 93000. What is the 45570 worth?
If LSC payed $2000,000 for 2,595 hectars, 45570 will cost plenty more with high grade lithium discovery already on a portion of the property. Now DJI sits where every Jr miner wishes it arrives to; have a major local mining company moving in on its property with deep pockets.
100,000 shares could make someone rich. Happy with my position here.
DJI Results:
The 25 shallow brine samples cover an area of 550 hectares (5.5 km2) in the northwestern corner of the 4,300 hectare (43 km2) San Jose/Navidad mina. Concentrations range from 281 mg/l to 1,353 mg/l, averaging 591 mg/l Lithium
DJI Results:
LSC Lithium Corp. said Nov. 23 that it entered into a binding letter of intent to buy Alqa Lithium SA for US$2 million.
Alqa owns the Mina Teresa lithium project, which covers 2,595 hectares in the Salar de Salinas Grandes of Jujuy, Argentina.
https://www.spglobal.com/marketintelligence/en/news-insights/trending/po7xwvgumde45ocwmhbyua2
https://www.globenewswire.com/news-release/2018/02/28/1401769/0/en/Dajin-Announces-High-Grade-Lithium-Assay-results-at-Salinas-Grandes-Salar.html
LETTER FROM THE PRESIDENT
To our Dajin Shareholders and Interested Investors:
In a relatively quiet Lithium market Dajin Resources Corp. (“Dajin”) (TSX-V: DJI) (OTC: DJIFF) (Germany: C2U1) has been working diligently with the management of Litica Resources S.A., the Lithium operating subsidiary of Pluspetrol Resources Corporation B.V., to advance the 2019 exploration program for the Salinas Grandes salar in Jujuy Province, Argentina. In Salta Argentina a meeting with the management of Litica Resources and Dajin is scheduled to be held during the week of June 17, 2019 to discuss a plan to comply with their investment commitment to explore and evaluate the Salinas Grandes and Guayatayoc salars. Dajin’s director Dr. Catherine Hickson, P. Geo, will represent Dajin’s interests at the meeting as well as attend the “Lithium in the South America Region” seminar to be held in Jujuy on June 18th and 19th to introduce Dajin to other participants and investors interested in the Lithium industry.
In March 2019, Pluspetrol Resources acquired the assets of LSC Lithium Corporation for a cash consideration of approximately CDN$111 million. LSC Lithium held an earn-in agreement with Dajin to spend CDN$2 million in exploration expenditures to earn a 51% interest in Dajin Resources S.A.’s. concessions of which approximately $325,000 has been spent. Litica’s exploration team has been organizing an over all plan to get a better understanding of the Salinas Grandes concessions since acquiring LSC Lithium.
Dajin’s S.A.’s land holdings exceed 93,000 hectares in the “LITHIUM TRIANGLE” in Jujuy province in northwestern Argentina. In 2018 Lithium assays results from the phase one near surface exploration program on the 4,300 hectares San Jose -Navidad minas were released. Lithium values received were as high as 1,353 mg/liter with the 25 assays taken averaging over 591 mg/liter (Click here for press release).
In the “LITHIUM HUB” in central Nevada, USA., Dajin is working with the management of Cypress Development Corp. in preparation of a drill program later this year. Exploration plans call for the expenditure of US$200,000 in 2019 and US$250,000 in 2020 for Cypress to earn a 50% interest in the Alkali Spring valley project. This project is located about seven miles from Albemarle’s Silver Peak Mine, the only producing Lithium brine mine in North America.
At Dajin’s 100% owned Teels Marsh valley Lithium brine project in Nevada, Dajin has completed the construction of engineered access roads and built two large drill pads in preparation for a fully permitted four hole, production-size drill program. Dajin has water rights to the Teels Marsh and near surface brines containing lithium. Management is reviewing various options prior to commencing a drill program later this year.
At a recent Minerals Summit held in Washington DC, Simon Moores from Benchmark Minerals reported there are now over 75 Lithium-ion battery giga-factories built or being constructed around the world. Moores stated that we are in the midst of a global battery arms race that is intensifying and the US has been a bystander in building a domestic supply chain capacity. This pent-up demand for the production of Lithium-ion batteries far exceeds the current available supply of Lithium products required for the automobile industry.
Please find listed below four recent interesting Lithium industry articles that you may like to read.
April 30, 2019 – The US Has a Battery Problem in the Race for Electric Car Supremacy
May 2, 2019 – Benchmark Minerals - US Senator Murkowski launches American Mineral Security Act
May 7, 2019 – Lithium Price : Battery Capacity of Electric Cars Doubles from Last Year
June 3, 2019 – Lithium mining superpowers seek riches as battery makers
To view Dajin’s Investors Presentation please click here.
Thanks for your interest and support.
Please call me should you have any questions.
Brian Findlay, President Dajin Resources Corp. 604-681-6151
http://www.pluspetrol.net/
Read between the lines. DJI's property next to be absorbed by Pluspetrol as they diversify to lithium brine production. With much support from the Argentine Government pushing to be the second largest producer of lithium as early as 2022 the president announced earlier this year.
"Under the Macri administration we are seeing the progress that will attract long-term investors in the lithium mining industry," Mackie said by phone. "Argentina is in a Goldilocks situation where it might have got the regulation just right, plus huge resources of lithium in a context of growing demand."
Litica Resources, as operator, intends to start before the end of this year with the exploratory activities, which will consist of a surface sampling and geology of the land, geophysical studies and diamond drilling to assess and know the area.
In this first stage, Litica Resources will centralize its objective in the development and production of lithium carbonate. Argentina is one of the countries with the greatest lithium resources in brine in the world. In the future, it will seek to expand its activities by exploring other non-traditional sources associated with volcaniclastic deposits and pegmatites.
With this important step in its business diversification strategy aimed at development and sustained growth, Pluspetrol consolidates its expansion in the energy area. (Litica Resources)
PRESS RELEASE March29/2019
DAJIN’S PARTNER PLUSPETROL PREPARES 2019 EXPLORATION PROGRAM
March 28, 2019 - Vancouver, BC – Dajin Resources Corp. (“Dajin”) (TSX-V: DJI) (OTCQB: DJI)
(Frankfurt: C2U1) reports that Pluspetrol Resources Corporation B.V. (“Pluspetrol”) has acquired 100% of the
issued and outstanding common shares of LSC Lithium Corporation (“LSC”) for a cash consideration of
approximately CDN $111 million. This acquisition includes an earn-in agreement with Dajin Resources S.A.
The agreement is to spend CDN $2,000,000 in exploration expenditures to earn a 51% interest in Dajin S.A.’s
concessions.
Pluspetrol has created the company Litica Resources for exploration and development of their concessions.
Litica’s exploration team is currently reviewing the Salinas Grandes exploration and drilling data. This data was
acquired with the takeover of LSC. The review is in preparation for commencing their 2019 exploration program.
Dajin S.A. holds concessions and concession applications in Jujuy Province, Argentina that was acquired in
regions known to contain brines with Lithium, Potassium, and Boron values. These concessions exceed 93,000
hectares (230,000 acres) and are primarily located in the Salinas Grandes and Guayatayoc salt lake basins.
During the initial exploration program, brine samples from a portion of the holdings covering an area of 550
hectares (1,359 acres) in the northwestern corner of the 4,300 hectares (10,621 acres) San Jose? Navidad minas
were taken. Lithium brine concentrations ranged from 281 mg/l to 1,353 mg/l, averaging 591 mg/l.
About Pluspetrol: (www.pluspetrol.net)
Pluspetrol is a private, international energy company with over 40 years of experience in the exploration and
production of oil and gas. Pluspetrol is the third largest hydrocarbons producer in Argentina with operations in
Angola, Argentina, Bolivia, Colombia, Netherlands, Peru, United States and Uruguay. Pluspetrol promotes
energy development and fosters activities at an international level. With a view to the future, Pluspetrol is
making significant investments in Argentina. Pluspetrol has created the company Litica Resources to enter the
business of "battery metals".
About Dajin: (www.dajin.ca)
In Nevada, Dajin holds a 100% interest in 403 placer claims covering 7,914 acres (3,202 hectares) in the Teels
Marsh valley of Mineral County, Nevada. These claims are known to contain Lithium and Boron values and are
adjacent to the birthplace of US Borax Corp’s first borax mine. Dajin has entered into an agreement with
Cypress Development Corp (CYP-V) whereby Cypress can earn a 50% interest in 145 placer claims covering
2,921 acres (1,182 hectares) in the Alkali Spring valley of Esmeralda County, Nevada, located 10 miles (15
kilometres) northeast of Albemarle’s Silver Peak Lithium brine operation in Clayton Valley.
ON BEHALF OF DAJIN’S BOARD OF DIRECTORS
Brian Findlay For further information please contact Dajin:
President & CEO 604-609-6151 or info@dajin.ca
"The biggest trend we will face in the 21st century"
At the Prospectors and Developers Association of Canada (PDAC) convention, the Investing News Network spoke to Benchmark Mineral Intelligence Managing Director Simon Moores about the future of lithium-ion megafactories, raw materials supply and what’s ahead for battery metals.
Moores shared his thoughts on his recent hearing to the US Senate, the second testimony the expert has given in less than two years. Moores warned representatives that in the current global battery arms race, the US is a “bystander.”
“This time around, I sent a more direct message […], and I think that message got through,” said Moores, who added that Benchmark Mineral Intelligence will work closely with senators and departments to keep the momentum going.
Moores also talked about lithium-ion megafactories and how global battery capacity in the pipeline has increased since Tesla’s (NASDAQ:TSLA) announcement of Gigafactory 1 in Nevada.
“Since then, we’ve had 71 [megafactories] being announced. I think the most important factor as well, which surprises a lot of people, is [that] 45 of those 71 are in production now,” he said. “We are starting to see supply chain restrictions, pressures on the biggest battery factories.”
For investors, Moores said it is quite simple: to have electric vehicles, there is a need for quality batteries, and “that’s why investors should focus on, specifically, the battery plants.”
Speaking about the energy storage revolution, Moores said delays are a given because of the scaling up needed in the raw materials supply chains.
“They are going from niche to mainstream,” he said. “No one has done [this] before; no one has produced lithium, cobalt, graphite anode or nickel chemicals [at the scale that’s going to be needed].”
But what is the biggest solution to these delays? Investment.
“Nowhere near enough of these lithium companies, or even from the cobalt perspective in the US, but lithium especially, […] are getting funded,” Moores said. “It’s almost like big investors have had their chance and they’ve turned it down. I can’t work out why you would turn down the biggest trend we will face in the 21st century, which is energy storage.”
For Moores, the money to fund these projects will need to come from the car industry.
“Another option is big mining companies and oil and gas companies,” he added.
PlusPetrol/Dajin DJI
Dajin is now in a very strong position. Dajin controls 1/3rd of the 300,000 hectares LSC 111. Million buys out consists of. PlusPetrol either buys the 1/3rd or continues to develop the property to earn the 51 percent controlling interest. Either way, DJI is now rubbing shoulders with a major in Argentina.
Teels March, drill ready, roads & pads are in. Prepared for 4 production size wells with a major lithium miner in the area, Abermarle.
At 5/ 5.55 cents the retail investor is getting a major bargain as demand for lithium increases year after year for the foreseeable future.
http://www.pluspetrol.net/
AREAS OF EXPERIENCE
Experience in operations with complex logistics.
Heavy crude extraction in remote areas.
Handling sensitive socio-environmental operations.
Exploration of mature fields and marginal fields with secondary recovery.
The ability to operate high-pressure multi-Tcf gas fields.
Political understanding in emerging markets.
The ability to operate with different partners
Offshore-inland operation techniques.
BUY OUT 111.Million LSC DJIFF JV PARTNER....
Definitely, a good time to be looking at DJIFF. DJIFF Argentina property is grading some of the highest grading lithium in Argentina. 2019 and beyond is the time to be watching advanced battery metal stock especially lithium advanced explorers.
A New Lithium War Is About To Begin
It’s the modern gold rush. Around the world, the most sought-after mineral isn’t a precious metal, nor is it oil and gas…it’s lithium.
Lithium, or “white petroleum” as some call it, has become a crucial element in today’s high-tech economy.
Demand for lithium is soaring, and producers are frantically searching for new sources of supply. Prices have doubled in the last two years, rising as high as $16,500 per ton.
The biggest reason for the surge? The immense demand for lithium-ion batteries needed to power electric vehicles (EV), cell phone and wind turbines.
As the Wall Street Journal reported, the surge in demand has pushed lithium miners to new areas in search of rich deposits.
Traditional production of lithium and lithium-ion batteries is concentrated in a few key areas, but with demand set to increase dramatically in the coming years, investors are searching for creative new ways to increase global supply.
The fact that China is trying to corner the market has made the search for new deposits even more intense, as U.S. and European firms try to get around Chinese domination.
For the last five years, the commodities world has focused on the epic showdown between OPEC and U.S. shale drillers for oil market share. But it’s the war over “white petroleum” that will dominate the next decade.
One Door Closes, Another Opens
A trade war has broken out between China and the United States. While that’s bad news for some industries that rely on Chinese imports, its good news for North American lithium miners.
In early April, the U.S. government slapped a big tariff on imported Chinese lithium batteries, part of a tariff on Chinese goods worth $50 billion. That means that lithium miners will see a bigger market for their products—and a surge of investment into North American mining, which has the lowest risk factor in the world.
China may be cornering the market on South American lithium in order to feed its battery factories and churn out electric cars, but protectionist policies by the U.S. and aggressive expansion into European lithium production may cut the Chinese out of the global battery market.
Booming demand for lithium could be fed by the lithium mines of Canada & USA —turning junior miners into major players virtually overnight.
Just as the world of oil has seen intense competition between OPEC and U.S. shale, the lithium world may be defined by its own war: China vs. Everyone Else.
Lithium demand from battery makers to almost double by 2027
Lithium demand from battery makers to almost double by 2017
Rising demand from the battery industry has changed the types of lithium compounds required, with the market privileging higher grade products. (Adobe Stock Image.)
The outlook for lithium continues to shine, with demand from companies that produce batteries to power electric cars, laptops and other high-tech devices, expected to increase 650% by 2027, with overall lithium demand forecast to rise more than threefold over that period, a new study shows.
While the next nine years will drain less than 1% of the reserves in the ground, battery makers will need more lithium to support their production, which will boost demand for the key metal almost 16% to reach 1 million tonnes, according to Roskill’s 15th edition market outlook report.
Expected supply, however, is far from the astronomical figure forecast by the research firm, with Canada’s Bank of Montreal expecting between 80,000 and 91,500 tonnes of lithium coming from mines by 2025. And BMO’s numbers include recently up-sized expansion plans by the market leaders, Chile’s SQM, China’s Tianqi Lithium, Albemarle and FMC, as well as Nemaska Lithium’s plans to build a spodumene mine in northwestern Quebec, Canada.
Lithium demand from battery makers to almost double by 2017
Wave of much-needed spodumene based supply coming online. (Source: BMO Capital Markets, companies reports.)
Roskill estimates that demand from lithium-ion battery manufacturers will grow from 46% last year to 83% by 2027. Use of lithium hydroxide, in turn, is also forecast to become more prevalent, increasing from 25% of lithium compounds used in rechargeable batteries in 2021 to 55% by 2027.
The analysts expect the market for battery-grade lithium compounds to remain tight, however, as installing new battery grade capacity has proven complex and forecast demand growth is greatest for these products.
Lithium demand from battery makers to almost double by 2017
Source: BMO Capital Markets.
In terms of lithium prices, they are expected to peak in 2018, as greater supply availability of mined and refined lithium will enter the market in coming years, causing prices to briefly fall back in 2019, with a floor of $11,000/t battery grade lithium carbonate, Roskill says.
Beyond 2021, the research firm expects lithium prices to rise above 2018 levels again, as continued demand growth for battery grade lithium compounds will apply greater demand-side pressure on prices.
speculation on buy out
October 17th is the Deadline for Canadian legalization of marijuana. It has raised many questions, including how large the market for cannabis in Canada will be and whether there will be enough product on store shelves. Estimates are from $4 billion to $10 billion in the first few years of implementation.
FSD Pharma (OTCMKTS: FSDDF) (CNSX: HUGE) through its wholly-owned subsidiary FV Pharma, is a licensed producer of marijuana under the Access to Cannabis for Medical Purposes Regulations. Headquartered at the 70-acre former Kraft Heinz Co. (NASDAQ: KHC) plant in Cobourg, Ontario, FV Pharma’s mission is to transform the facility into the largest hydroponic indoor cannabis facility in the world.
Additionally, they have intelligently secured strategic, highly liquid investments in 6 companies with Incredible Potential ROI, access to their products, customers, and/or profits. With their incredible balance sheet showing No Debt, $31M in Cash, and $51M in assets, this places them in an ideal situation for a major acquisition from the beverage or tobacco industry. FSD Pharma is also actively pursuing opportunities to uplist to NASDAQ.
FSD Pharma (OTCMKTS: FSDDF) (CNSX: HUGE) might be your last chance to get in early in the Canadian Cannabis Sector boom.
Capturing market share early
FV Pharma cuts the ribbon at Cobourg marijuana dispensary
Historic 'Certo' building being renovated and expected to open in six to eight weeks
NEWS 03:11 PM by Dominik Wisniewski Northumberland News
Cobourg marijuana dispensary
Representatives from FSD Pharma Inc. and its wholly-owned subsidiary, FV Pharma Inc., welcomed local dignitaries, including Cobourg Mayor Gil Brocanier, centre, to a ribbon cutting in front of the former 'Certo' building on Oct. 9. The building is currently being restored to become a new marijuana dispensary that is expected to open in six to eight weeks. - Dominik Wisniewski/Northumberland News
Cobourg marijuana dispensary
Representatives from FSD Pharma Inc. and its wholly-owned subsidiary, FV Pharma Inc., welcomed local dignitaries to the former 'Certo' building on Oct. 9, which is being restored to become a new marijuana dispensary that is expected to open in six to eight weeks. - Dominik Wisniewski/Northumberland News
1 / 2
COBOURG — With the recreational use of marijuana set to become legal on Oct. 17, representatives from FV Pharma cut the ribbon in front of a historic building that will be home to Cobourg’s first dispensary.
Located on Ontario Street beside the former Kraft plant, the building that features a Greek-style colonnade is known as the "Certo."
The building was the first in the British Empire to make commercial grade pectin, which it later sold to households under the product name of Certo.
On Tuesday, Oct. 9, Thomas Fairfull, the founder and CEO of FV Pharma Inc. which owns the entire property including the building, said that demolition inside had started and upgrades would be made to the heritage site.
RELATED CONTENT
Former Certo building to be saved in Cobourg
“It is going to take us approximately six to eight weeks and we will be opening our dispensary,” he said after cutting the ribbon with Cobourg Mayor Gil Brocanier and other local dignitaries. “The building is well over 100 years old and I think it is an important heritage site for Cobourg. It’s important for our company to support historical things in the town.”
Fairfull said members of Cobourg council have been in full support of the project and dispensary.
“It is going to be a great asset,” Brocanier said, pointing out his connection to the site having worked for General Foods and Kraft for 26 years. “This is where they originally started making Certo pectin and the operation got so big they moved it into the plant here on Ontario Street.”
The Certo building later became the company’s microbiology lab, which Brocanier said he was responsible for as its supervisor later in his career.
“This later became the micro lab where all of these spices that were coming in had to be checked for any micro-contamination,” the mayor added. “So I am really pleased to see that Tom has taken on the responsibility of restoring such a significant building in the Town of Cobourg.”
Brocanier said the building is not just a significant part of the community’s built heritage, but also part of its industrial heritage.
“That makes it really important and the fact that we’re going to have a dispensary here right on site, that will be accessible to the people in this whole area, is just a bonus,” said Brocanier. “We’re expecting great things from the medical marijuana cultivation, as well as the products that they are going to have available here.”
Anthony Durkacz, a director of FSD Pharma Inc. and its wholly-owned subsidiary, FV Pharma Inc., jokingly offered the mayor another job at the dispensary.
“I guess we’ll be producing a new type of pectin,” he said resulting in laughs from those attending the announcement. “For us, it’s really an honour to be able to bring back and restore a building that was part of the birthplace of commerce in the area.”
DJIFF Interview Good Read!
Dajin Resources Corp. (TSX-V: DJI, OTCQB: DJIFF): Lithium Exploration Company, Large 100% Owned Brine-Based Lithium Projects, in Argentina and Nevada, Interview with Mr. Brian Findlay, President and CEO, and Dr. Catherine Hickson, Director and COO
By Dr. Allen Alper, PhD Economic Geology and Petrology, Columbia University, NYC, USA
on 9/3/2018
Dajin Resources Corp. (TSX-V: DJI, OTCQB: DJIFF) is an early stage lithium exploration company, with large 100% owned brine-based fully permitted drill ready lithium exploration projects, located in the salar basins of northwest Argentina and Nevada. 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 by spending $2 million in exploration expenses. We learned from Mr. Brian Findlay, President and CEO of Dajin Resources, and Dr. Catherine Hickson, Director and Chief Operating Officer, that their project in Nevada is one of the few untested areas in all of North America for lithium brines, and Dajin has now built all the necessary infrastructure and is ready to start drilling. We also learned from Dr. Hickson, that the company just started this year's drilling campaign in Argentina.
Dajin Resources Corp.
Dr. Allen Alper: This is Dr. Allen Alper, Editor-in-Chief of Metals News, interviewing Brian Findlay, who is President and CEO of Dajin Resources Corp., and also Dr. Catherine Hickson, who is Director and Chief Operating Officer. I wonder if you could give us, our readers/investors an overview of Dajin Resources.
Mr. Brian Findlay: Well, Dajin Resources has been in the lithium exploration business for over 10 years. We've accumulated one of the largest landholdings in Argentina, over 230,000 acres or 93,000 hectares. In Nevada we've also accumulated a large landholding. We hold 100% of the Teels Marsh Valley, on which we've completed a gravity survey, a seismic survey, and completed all the access roads necessary to get to the center of the playa in Nevada. We have built two large drill pads, one of which is out in the playa. We're ready for drilling in Nevada. Our project in Nevada is one of the few untested playas in all of North America for lithium brines.
Dr. Allen Alper: That sounds excellent. Could you tell me a little bit more about each project, the Argentina one and then the other?
Mr. Brian Findlay: Well, Cathie Hickson is the Chief Operating Officer. I think she can give a little better description of both Argentina and Nevada. Cathie?
Dr. Catherine Hickson: In Argentina as you mentioned earlier, we have a partner, LSC Lithium Corp, which was established a couple of years ago. They are the operator. In order to earn 51% they have to spend $2 million in basically exploration expenses. In February, we announced the results of the first phase of exploration on a very small portion of our property. I think that's an important; point to make; we have this very large landholding and the exploration was just done on a very small portion of the landholding, on an area called San Jose-Navidad. And the reason that it was carried out there is in Argentina, in the province of Jujuy, you have to have exploration permits in order to do your exploration. San Jose – Navidad is already a “mina”, so it was easiest to obtain the Lithium brine exploration permits.
So we were able to obtain our permits first for this San Jose Navidad area. And the results were very encouraging. Actually, some of the best lithium brine analyses that have been announced, and similar in fact, to what you find in the Atacama in Chile. So we were very excited. In the southern hemisphere it's the opposite for the seasons. They couldn't start phase two exploration until now because January, February, March, April is their rainy season. With a lot of rain they get flooding of the salars and you can't do exploration.
So they've just started. Today they are commencing the next phase of exploration on this small portion, San Jose-Navidad. We will expect results in 8 to 12 weeks. They're doing shallow drilling, because San Jose Navidad is on a very large salar called Salinas Grandes, which means “big salt” in Spanish. It's a very small portion, but we know that Salinas Grandes is potentially very productive. It will have a very significant resource.
We announced those results back on February 28th. There's a press release associated with that, which gives the actual numbers. We're going to have a press release coming out tomorrow, announcing that the phase two exploration has started. Because they're the operators, they control the timing and execution of the project. The good thing is that it's their money that is being spent. The bad thing is we are not directing the program. But we're very comfortable with the crew that they have, their exploration team, and are happy with the work they're doing.
Dr. Allen Alper: That sounds excellent. I know both of you have impressive backgrounds and experience. Could you each tell us about your background and also your team’s and board’s background?
Mr. Brian Findlay: I've been involved with public companies for over 30 years. We've had a lot of different products over the years. Dajin has actually been involved in three or four different types of business. I've been with the company raising money and making changes as market conditions change. Lithium, I think, is probably the best opportunity right now for Dajin. We've been working on it for over 10 years. We're one of the first in Argentina, and I think the benefits are going to be coming to the shareholders very shortly. Raising money over the years, I've probably raised well over $500 million for various projects. Dajin is my favorite right now, and I'm giving it my full attention. That is definitely where our focus is and I think we're going to do very well.
Dr. Allen Alper: You have a great background. You've had great foresight, being in Argentina and working on your lithium projects there for some time and moving them along. Excellent! Cathie, could you tell our readers/investors a bit about your background? I see you have an extremely interesting, great background.
Dr. Catherine Hickson: I have a PhD, which when working with publicly traded companies can be an asset because it shows competency in a body of work. My focus has been volcanology and the link between volcanoes and lithium brines is a very direct one. The lithium concentration, in particular in brines, is associated with volcanism. I've also had significant experience in exploration in the geothermal field, which is also related to lithium in the sense that they're in the same environment and also related to volcanism. We use exactly the same exploration techniques for both geothermal resources as well as lithium brines. I've been with publicly traded companies now for a decade. It's a very different environment from working as a research scientist for the government of Canada, but a very interesting and a very exciting one.
Dr. Allen Alper: That sounds great. I noticed you have received recognition and some very prestigious awards. Could you tell us more about that?
Dr. Catherine Hickson: Probably the most important one is the Westerman Award, awarded by what is now called Engineers and Geoscientists, British Columbia. It is the top award presented to a geoscientist for their work in the field of geoscience. I received that a few years ago. More recently, one of our universities here honored me with an honorary doctorate of technology.
Dr. Allen Alper: That sounds excellent. The two of you make an excellent team to raise funds and also to carry out technical exploration, et cetera. Brian, could you mention a few other members of your team?
Mr. Brian Findlay: One of Cathie's associates is Dr. Mark Coolbaugh, a director of the Company. He has a very good resume as to his experience in the industry. He's very familiar with the geothermal side of the industry. He's written articles on the lithium brine prospects in North America and he's a very valuable person to have on board. He's located in Reno, Nevada, which is a hotbed for lithium companies right now. As we all know, our friend Elon Musk is just around the corner with his Gigafactory. He's been instrumental in kicking off this whole electric vehicle revolution that we're experiencing, which is going to last for another hundred years, I'm sure. There are three directors, Mark Coolbaugh, Cathie Hickson, and myself.
Dr. Allen Alper: Sounds excellent! That sounds like you have a great team and Board. Excellent! Could you tell our readers/investors why lithium is so important and why it's projected to be so great?
Mr. Brian Findlay: Cathie's our expert in that area. She and Mark are doing a special study right now, studying lithium brines and lithium from hard rocks. Their study is going to be very significant.
Dr. Allen Alper: Very good, Cathie! Could you update our readers/investors? We've published many, many articles on lithium and they are very popular with our readers/investors, so I know they will value your insight on lithium.
Dr. Catherine Hickson: It is very interesting. Mark Coolbaugh is also a research scientist, and I think that carries through in terms of how we deal technically with aspects of the company. Mark and I have been working on where the lithium in the brine comes from, as part of our exploration strategy for Dajin. There are hard rock sources, and those hard rock sources were the first to have been exploited as a source of Lithium. Back in the 1800s, when lithium was recognized as an element, it started with extraction developed specifically for spodumene. It wasn't until just before World War II that lithium was discovered in brine at Searles Lake in California. It was in fairly low concentrations.
A very interesting piece of this whole story is the role that Nevada and Clayton Valley played in the exploitation for lithium from brine and in successfully extracting the Lithium. The mine is called Silver Peak, and it's now owned by Albemarle. Silver Peak was the first place where lithium was extracted from brine in a process developed by Foote Minerals. The brine mine went into production in 1965. So they've been producing for more than 50 years now. Once lithium was identified in Searles Lake in California, companies started doing exploration and soon after Clayton Valley deposits were found by a small company called Leprechaun. In fact they were not looking for Lithium but were drilling for potash. It was only after they started exploration that they discovered it had significant lithium. At the same time Foote Mineral’s exploration crew started looking internationally and went to Chile, where they found significant resources. They took the extraction technology from Nevada, developed at Clayton Valley, and started exploiting the Chilean resources. So it's an interesting “made-in-the-USA” story with global implications.
Some literature out there says that lithium extracted from spodumene is better for batteries, but I don't buy that. Lithium as a battery metal has to be 99.5% pure lithium. That .5% in contaminants is in iron, an important one, and various other elements. That .5%, in contaminants is present whether you're working with spodumene or with a brine. In the end it's all about the purification process, and creating a product that is acceptable to the battery industry regardless of the source of the Lithium. Finding enough resource that is economic enough to go through the purification process and come up with that 99.5% pure, either lithium carbonate or lithium hydroxide, with contaminants acceptable to the battery manufacturers is the key. Brines have consistently proven to be the low cost alternative with the greatest potential resource. So we focused on the brines for those two reasons - largest single resource and lowest cost option.
Most of the world's lithium is produced from brine. The production from hard rock is about 80,000 tons per annum. Total world production of lithium is about 200,000 tons per annum right now. And what's important is what's the growth going to be? Depending on which pundit you believe, in a five to 10 year time span, predictions range from 500,000 tons to 3 million tons per annum. So all sources of lithium are going to be important down the road. Because brine has a lower cost for production and purification, it seems to be the way to go for the future.
Dr. Allen Alper: That sounds excellent. I appreciate you giving our readers/investors more insight on the market and also on brines and hard rock lithium.
Dr. Catherine Hickson: There is a third type, clay deposits. These deposits are getting more and more attention as they are being discovered in the USA and Mexico. There're significant deposits, even Clayton Valley has clay deposits. The clay deposits fall into two groups. One is an actual clay mineral, called Hectorite. In order to extract lithium from Hectorite, you have to use an acid dissolution process. So it has not been proven to be economic. The other are clay sized minerals, and that's what they're finding in Clayton Valley and other places in Nevada. But, no one has proven whether or not you can economically extract the lithium and purify it from the clay sized material. So you have those two potential sources of lithium, but unproven in terms of economic viability.
Dr. Allen Alper: Wow. That's very interesting. Brian, could you tell us a little bit about your share structure?
Mr. Brian Findlay: There are approximately 150 million shares issued, all through trading shares. The shares are held by well over 4,000 shareholders, to the best of our knowledge. I would like to think at least 50% or more are held by people that are very supportive of the company. The company's shares have been around for many years. So there's massive distribution.
Dr. Allen Alper: Could the two of you summarize why our high-net-worth readers/investors should consider investing in Dajin Resources?
Mr. Brian Findlay: Well, the fact that we're in both the United States and in Argentina, I think, is something an investor should look at. We have a large, large, large landholding in Argentina. Our joint venture partner, LSC Lithium, is committed to spending $2 million to prove up a substantial resource in the company. Argentina, by reputation, wants to be one of the leading lithium producers in the world. Today lithium is valued around $16,000 a ton. In China, it's just a little under $20,000 a ton. So there's a huge value in investing in a project that has good potential for production of lithium carbonate.
We chose to expand into the United States because it's more of a stable country than Argentina. We feel a little more comfortable there. We have 100% control of our project in Nevada. We completed drill pads and roads to access the drilling targets identified through exploration. We're going to be drilling these either later this year or early next year. I would be comfortable investing because we're in two different countries and we have good potential in both projects.
Dr. Catherine Hickson: I think that sounds right.
Dr. Allen Alper: Okay. Well, that sounds great. Very compelling reasons to consider investing in your company. Is there anything else, Brian or Cathie that you would like to add?
Dr. Catherine Hickson: I can tell you about our plans in Teels and Alkali in Nevada. At Teels as we have already mentioned we’ve just finished the roads and pads in preparation for drilling. Given the technical background that Mark and I have and other members of our technical board, we've chosen a different drilling approach. Other companies are using small diameter coring rigs. In most cases they don't have water rights. And as a result, they're running into a lot of difficulties in terms of completion of their holes to their planned depth, and with lack of water rights it's difficult to actually flow test the wells. With small diameter wells, you can't in fact, from a physics perspective, do an adequate flow test.
The Nevada government has recently brought in a change in regulations that allows for small volume flow testing. But we're going to do large diameter, deep wells, which will allow us to reach TD, we hope without too much difficulty. And we have water rights, so we will be able to flow these wells. Because not only is the concentration of lithium that you have important, but also the volume of material that you will be able to extract from the aquifer. So being able to test that, is the correct path to develop a successful project.
Dr. Allen Alper: That sounds excellent. Sounds like you're in a great position and you have great technology. It's so important that you have water rights. Excellent!
Dr. Catherine Hickson: Yes. In Nevada, water rights are king.
Dr. Allen Alper: Absolutely.
Mr. Brian Findlay: Without water rights, you don't go anywhere.
Dr. Allen Alper: Right. That's extremely important.
http://dajin.ca/
Brian Findlay
President & CEO
604-609-6151
info@dajin.ca
Time to take a position in DJIFF. Drill results will be pending soon!!
Dajin AnnouncesHigh Grade Lithium Assay results at Salinas Grandes Salar
High Lithium grades confirmed on Salinas Grandes salar
Peak assay returned 1,353 milligrams/ litre Lithium
60% of assays >500 mg/l Lithium and 16% >800 mg/l Lithium
Lithium Investing: Investors Look To Argentina'sLow-Cost Brine
Exploration and production capital continues to pour into Argentina's lithium triangle region as the country looks to increase lithium output.
Strategic Asian investors have made significant investments in the region; investors include automotive companies, investment firms, battery and material manufacturers.
Investors should consider focusing on advanced junior lithium exploration companies as they provide the greatest exposure to increasing investment into the country.
Source: OilPrice.com
There's no doubt about it...
There's nothing hotter than lithium right now. And the reason is simple:
It can't miss!
Lithium already powers the cell phone in your pocket, the tablet on your nightstand, and the laptop on your desk... It may already be powering the car in your garage.
That's why Goldman Sachs calls lithium the “new gasoline.” The Economist calls it “the world’s hottest commodity.”
On The Cusp Of 2 Major Discoveries!!!
Small-cap lithium plays
Consider the following quote about lithium brine opportunities, once up and running, the op-ex and production profile of brine projects are more easy to forecast and less prone to cost inflation from ore depletion and other known unknowns. According to a Credit Suisse report,
"Lithium brine deposits typically outperform hard rock and clay lithium sources on cost, sustainability and permitting. This gap is becoming more pronounced when we take into account technological advancements in brine processing....even though lithium is relatively abundant, it's the 33rd most common element — it’s very diffuse throughout nature, meaning that collecting and concentrating it is a very difficult task."
Yes, it still takes years to go from exploration to initial production, but the cost, managerial resources and time of proving up an economically viable project are considerably less. Time is money in both methods of extraction. Dajin Resources Corp, (DJI.V) (DJIFF) is an example of an early-stage company with substantial, 100% owned lithium brine prospects in both Nevada and Argentina. In Nevada, Dajin's owns two properties, one of which is 7km from the only producing brine project in North America. In Argentina, Dajin has a large, strategic property that could be explored, especially if lithium prices continue to increase.
Funding large-scale projects of any sort, iron ore, copper, gold, etc have been a tremendous problem for the past few years. It seems that "PEAs" done in 2010-2012 are routinely recast to show stronger economics and lower upfront costs. With large checks for huge projects nearly impossible to secure, it's no wonder companies are trying to deliver exactly what strategic and financial investors demand, lower risk projects. What makes a project less risky? Smaller scale, green, (less fossil fuel use/emissions), a predictable and sustainable plan of action to share with local communities and government agencies, a clear path from exploration to reclamation and therefore a better chance of obtaining project financing. That is exactly what Dajin Resources aims to do.
Dajin has demonstrated, solid financial backing allowing for the possibility of (Joint Venture) partnering with peers and farming out minority interests in their 100% owned properties. Dajin has both time and options, a rare combination in this brutal natural resource downturn. Dajin trades at one of the lowest market caps of the very few viable (my opinion only) lithium plays. Those looking for pure-play lithium exposure should include Dajin on their watch lists and due diligence review. A good place to start is at Dajin's excellent Corporate Website (Dajin.ca) and their blue-skyed S&P Market Access Profile.
Good Reason To Buy DJIFF
Poor lithium. The metal is so light it floats, so soft it crumbles and so unstable it’s perpetually searching for a partner, which is exactly why we love it. Lithium has what scientists call a valence electron, a single negatively charged particle orbiting far from the nucleus, which binds easily with other atoms. This inclination to “share” itself is what makes lithium particularly effective at transmitting energy and conducting electricity.
It’s also one of the reasons why lithium is ideal for rechargeable batteries, since that flirtatious electron can return home just as quickly as it left.
Hard to Find
Lithium is unquestionably a game changer, and flirtation has blossomed into true love among engineers designing power plants for electric vehicles, handheld devices, even large scale power grids. There are some complications however.
About two-thirds of proven reserves are concentrated in a small, high-elevation area of South America called the Golden Triangle, located at the intersection of Argentina, Bolivia, Chile. In addition, most lithium appears as tiny particles suspended in briny solutions that have to be pumped to the surface, and extracting lithium through evaporation can take months. Finally, just four companies account for 86% of global lithium production, compared to 739 publicly traded gold miners according to Bloomberg data.
Highly Concentrated & In-Demand
Lithium Overview
Lithium-Stocks
Perfect Storm
While lithium supply is highly concentrated, lithium demand is widespread and multiplying quickly. Two important new industries may ultimately swamp mobile device battery demand: Electric vehicles and utility power installations.
Tesla Inc’s (NASDAQ:TSLA) Model S battery power plant requires more than 100 times the amount of lithium in a typical cellphone. Goldman Sachs estimates, “Every 1% increase in battery electric vehicle penetration increases lithium demand by around 70,000 tonnes of LCE/year.”
Southern California Edison has just brought online 396 refrigerator-sized stacks of Tesla “Powerpack” batteries 40 miles east of Los Angeles. According to Moody’s Investors Services, “California is looking to the future, and in the long run, they would have less need — maybe no need — for new natural gas generation.”
Here’s your takeaway: Lithium stocks are about a lot more than cell phones. Lithium has a longer, steeper and wider glide path than forecast even two years ago. I like ground-floor businesses, and I especially like ground-floor stocks.
Source: Matteo Paciotti via Flickr
Poor lithium. The metal is so light it floats, so soft it crumbles and so unstable it’s perpetually searching for a partner, which is exactly why we love it. Lithium has what scientists call a valence electron, a single negatively charged particle orbiting far from the nucleus, which binds easily with other atoms. This inclination to “share” itself is what makes lithium particularly effective at transmitting energy and conducting electricity.
3 Cheap Lithium Stocks to Buy That Will Energize Your Portfolio
Source: Flickr
It’s also one of the reasons why lithium is ideal for rechargeable batteries, since that flirtatious electron can return home just as quickly as it left.
Hard to Find
Lithium is unquestionably a game changer, and flirtation has blossomed into true love among engineers designing power plants for electric vehicles, handheld devices, even large scale power grids. There are some complications however.
About two-thirds of proven reserves are concentrated in a small, high-elevation area of South America called the Golden Triangle, located at the intersection of Argentina, Bolivia, Chile. In addition, most lithium appears as tiny particles suspended in briny solutions that have to be pumped to the surface, and extracting lithium through evaporation can take months. Finally, just four companies account for 86% of global lithium production, compared to 739 publicly traded gold miners according to Bloomberg data.
Highly Concentrated & In-Demand
Lithium Overview
021617-Lithium-Stocks
Perfect Storm
While lithium supply is highly concentrated, lithium demand is widespread and multiplying quickly. Two important new industries may ultimately swamp mobile device battery demand: Electric vehicles and utility power installations.
Tesla Inc’s (NASDAQ:TSLA) Model S battery power plant requires more than 100 times the amount of lithium in a typical cellphone. Goldman Sachs estimates, “Every 1% increase in battery electric vehicle penetration increases lithium demand by around 70,000 tonnes of LCE/year.”
Southern California Edison has just brought online 396 refrigerator-sized stacks of Tesla “Powerpack” batteries 40 miles east of Los Angeles. According to Moody’s Investors Services, “California is looking to the future, and in the long run, they would have less need — maybe no need — for new natural gas generation.”
Here’s your takeaway: Lithium stocks are about a lot more than cell phones. Lithium has a longer, steeper and wider glide path than forecast even two years ago. I like ground-floor businesses, and I especially like ground-floor stocks.
Argentina Project About To Get Under-Way!!!
The results from Feb28th News.
High Lithium grades confirmed on Salinas Grandes salar
Peak assay returned 1,353 milligrams/liter Lithium
60% of assays >500 mg/l Lithium and 16% >800 mg/l Lithium
VANCOUVER, British Columbia, Feb. 28, 2018 (GLOBE NEWSWIRE) -- Dajin Resources Corp. (“Dajin”) (TSX-V:DJI) (OTCQB:DJIFF) (Germany:C2U1) management is pleased to report that LSC Lithium Corporation (LSC) has completed phase one surface exploration of the northwest portion of the San Jose/Navidad mina located on the Salinas Grandes salar in the Province of Jujuy, Argentina. The mina forms part of a 93,000 hectare land package being earned by LSC (51%). To fulfill the terms of the earn-in agreement LSC must complete CDN$2,000,000 in expenditures. LSC is the operator of the exploration project.
The 25 shallow brine samples cover an area of 550 hectares (5.5 km2) in the northwestern corner of the 4,300 hectare (43 km2) San Jose/Navidad mina. Concentrations range from 281 mg/l to 1,353 mg/l, averaging 591 mg/l Lithium. Click here to see Geochemical Map
Exploration Methodology
The 25 sample points were pre-planned on a 500m east/west and north/south grid, utilising the company geographical information system and located in the field with a hand held GPS. At each sample site an auger drill was used to excavate an 8 inch diameter hole to a depth of 2m. Thereafter a bailer was used to extract brine 0.5m to 1.0m below the phreatic level after the brine had been given time to settle over a 30 minute period. The bailed brine was then decanted into four sterilized plastic litre size bottles and sealed without any air being trapped in the bottle. There after the samples were delivered to the laboratory for analyses.
Sampling and QA/QC
Brine sampling involved collection of brine from the sample pits by a bailer and decanted into a 20-litre container, which was flushed with fresh brine several times prior to collection of the sample. Brine was poured into 1-litre sample bottles which had been previously flushed with fresh brine from the 20-litre container several times. Sample bottles were filled to the top to eliminate the inclusion of air and sealed with a leak-proof lid. Samples were labelled and labels covered with clear tape to prevent erasure of sample information. All samples remained in the possession of the site geologist until delivery to Alex Stewart Laboratory (ASA) in Jujuy, Argentina.
LSC has a well-developed QA/QC program. Brine assays are undertaken at ASA in Jujuy, Argentina. ASA is independent of LSC and has significant experience in assaying lithium brines and is certified to ISO17025 standards. Brine assays are undertaken using ICP, gravimetric, potentiometric and volumetric methods as detailed in a press release from LSC dated April 10, 2017. ASA runs internal duplicates at a rate of 1 in 20.
LSC inserts blanks and standards in sample batches at a rate of 1 in 20. Standards are internal standards developed by LSC that have been independently certified by round robin testing. LSC uses distilled water as blanks. The analytical results for standards, blanks, and replicate samples submitted as part of this project meet established protocols for accuracy and precision.
Qualified Person/Data Verification
The scientific and technical information included in this press release has been approved by Donald H. Hains, P.Geo. Mr. Hains is a qualified person, as defined in NI 43-101 and is independent of LSC and Dajin. Mr. Hains has verified all sampling, analytical and test data contained in this press release and review of certified assay certificates against the assay data base.
About Dajin: (www.dajin.ca)
Dajin, is an early stage Lithium exploration company. Through its interest in Dajin Resources S.A. (“Dajin S.A.”), it holds concessions or concession applications in Jujuy Province, Argentina that were acquired in regions known to contain brines with Lithium, Potassium and Boron values. These land holdings exceed 93,000 hectares (230,000 acres) and are primarily located in the Salinas Grandes and Guayatayoc salt lake basins (salars). San Jose/Navidad minas form part of the 93,000 hectare land package covered by the joint venture between LSC (51%) and Dajin (49%). LSC is the operator of the exploration project and is required to complete CDN$2,000,000 in expenditures.
In Nevada, Dajin holds a 100% interest in 403 placer claims covering 7,914 acres (3,202 hectares) in the Teels Marsh valley of Mineral County, Nevada. 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. Dajin also holds a 100% interest in 278 placer claims covering 5,591 acres (2,262 hectares) in the Alkali Lake valley of Esmeralda County, Nevada, located 7.5 miles (12 kilometers) northeast of Albemarle’s Silver Peak Lithium brine operation in Clayton Valley. Dajin is moving forward with construction of roads and pads at its Teels Marsh valley project in preparation for drilling of four (4) large diameter exploration wells.
ON BEHALF OF DAJIN’S BOARD OF DIRECTORS
DAJIN COMPLETES DRILL PADS AND ACCESS ROADS AT TEELS MARSH LITHIUM BRINE PROJECT
Dajin Resources Corp.'s engineer, Welsh Hagen Associates Inc. located in Reno, Nev., has completed the construction of access roads and drill pads at Dajin's 100-per-cent-owned Teels Marsh lithium brine project in Mineral County (Nevada). Welsh Hagen Associates provided the design, prepared the BLM notice of intent and construction services for Dajin. Construction equipment was supplied by Tipton Trucking, as well as Coan Equipment and MB America (both of Reno, Nev.).
The drill pads and roads were constructed to ensure that large-diameter, deep drilling can take place under all weather conditions in the Teels Marsh valley. During construction, the integrity of the engineered roads and pads was tested during two flash flood events that washed out local county roads, but left Dajin's structures unaffected. Dajin's exploration approach is significantly different than what other companies have undertaken in Nevada. The drill pads are designed to support a four-hole, large-diameter drill program to test for the presence of lithium-bearing aquifers to depth. Preparations for drilling these wells are now under way. These wells are intended to follow up on the favourable surface lithium brine results that Dajin previously announced on June 9, 2016.
The drilling of deep, large-diameter cased wells with the ability to discharge will make it possible to not only measure the concentration of lithium brine in the subsurface aquifers, but to also carry out the flow testing of any lithium-bearing subsurface aquifers that may be encountered during the drilling. As a result of Dajin holding water rights in Teels Marsh valley and being permitted under the Nevada Division of Water Resources (state engineer), the proposed volumes of the pump test for these wells are not limited by AB 52 Chapter 507 regulations codified under NRS 534B, which are administered by the Nevada Division of Minerals.
The technical information in this press release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101, and has been reviewed and approved on behalf of Dajin Resources by directors Dr. Catherine Hickson, PGeo, and Dr. Mark Coolbaugh, CPG, both qualified persons for the company.
About Dajin Resources Corp.
In the United States, Dajin holds a 100-per-cent interest in 403 placer claims covering 7,914 acres (3,202 hectares) in the Teels Marsh valley of Mineral county, Nevada. Construction of drilling pads and roads is under way in anticipation of commencing a drill program later in the year.
Dajin, through Dajin Resources SA, holds concessions or concession applications in Jujuy province, Argentina, that were acquired in regions known to contain brines with lithium, potassium and boron values. These concessions exceed 93,000 hectares (230,000 acres) and are primarily located in the Salinas Grandes/Guayatayoc salt lake basins.
DJIFF JV partner about to start drilling...
The value here could be HUGE if they continue as expected. GL all.
Exploration
In 2016, Dajin signed an earn in agreement with LSC Lithium Corp. As per the agreement LSC is the operator for Dajin S.A. On November 11, 2017 Dajin S.A. received the exploration permits for the San Jose/Navidad minas, part of Dajin S.A.’s Salinas Grandes land package. Exploration was carried out in late December on a portion of the minas and the results were released February 28, 2018. Twenty five (25) shallow brine samples were taken from an area of 550 hectares (5.5 km2) in the northwestern corner of the 4,300 hectare (43 km2) San Jose/Navidad minas. Concentrations range from 281 mg/l to 1,353 mg/l, averaging 591 mg/l Lithium. Of the analysis taken, 60% of assays returned greater than 500mg/l Lithium and 16% were greater than 800mg/l Lithium. The highest value was 1,353 mg/l. This sampling program will be followed up with geophysical surveys to generate a subsurface target and thereafter drilling later in 2018.
Who knows. I have received so many calls from these guys and nothing REALLY ever happens. It's all what they are about to do. Never doing. At best trade the stock on 2/3 penny gains the blow it out.
BKTPF On Fire!
Inline image 1
Cobalt Price per Pound reaches a
New 9-year HIGH of $29.03!
Multiple Cobalt Work Programs are
Now Underway in North America!
CUZ:TSX.v | BKTPF:USA | A2DMG8:Germany
Please see the link below to Cruz Cobalt Corp's fresh video content:
http://www.investmentpitch.com/video/0_1pkqpo2u/Whats-Behind-the-Global-Demand-for-Cobalt
Cruz Cobalt Corp (CUZ—TSXv, BKTPF—OTCBB, A2DMG8--FSE)
Thank you for your interest in Cruz Cobalt Corp. As you can see there are many compelling reasons to look at Cruz Cobalt Corp immediately. Cruz has recently hired experienced geologists to begin operations on our Ontario, Idaho, and Montana projects. Cruz has recently completed an airborne survey over our 4 Ontario cobalt prospects which has identified 6 primary cobalt targets. Also, Cruz has mobilized crews and commenced work programs on Cruz's 100-per-cent-owned Idaho Star cobalt prospect in Idaho, and Cruz's 100-per-cent-owned Chicken Hawk Cobalt Prospect in Montana, USA.
According to President James Nelson, “Cruz employed early mover advantage as Cruz has been able to acquire, what we feel is one of the best collections of high grade cobalt prospects in North America before the majority of the recent cobalt entrants were in the space. Cruz currently has Seven cobalt projects located in Canada, one in Idaho and one in Montana. Cruz's 4 separate Ontario cobalt prospects are all located in the vicinity of the city of Cobalt. According to government mineral files, the 1,265 acre Coleman Cobalt Prospect returned cobalt grades of 13%, the 900 acre Johnson Cobalt Prospect returned grades of 10.5% cobalt, and the 1,580 acre Bucke Cobalt Prospect returned cobalt grades of 13%. The 4,980 acre Hector Cobalt Prospect covers multiple cobalt occurrences. Our 4,935 acre War Eagle Cobalt Prospect in British Columbia covers a past producing mine as well and returned assays of 6.5% cobalt. Cruz’s USA projects include the 1,940 acre Chicken Hawk prospect in Montana and the 880 acre Idaho Star prospect. Based on these projects, management feels that Cruz has amassed a quality portfolio of cobalt assets that have some of the highest historic cobalt grades in North America, which sets Cruz apart from most cobalt companies in the junior space."
Cruz is now trading approximately 30% below our recent year highs.
"We feel that 2017 will be a break out year for cobalt prices and Cruz is well positioned to take full advantage of this. Cruz has the money already raised to commence full operations on these projects with our goal to make Cruz the 'go-to' North American Cobalt project generator and developer. The second half of 2017 will be an extremely active period for Cruz and management is optimistic about what will be discovered by Cruz on our cobalt properties.” states President Nelson.
Cruz has had one property transaction to date in line with the project generator and developer model. That Idaho Cobalt Property was vended to US Cobalt Inc (USCO--TSX.v, SCTFF--USA) formerly named Scientific Metals Corp (STM--TSX.v, SCTFF--USA) in late 2016.
Cruz is fully cashed up and currently underway with operations on multiple projects in North America.
Cobalt prices have increased significantly over the past 12 months and have recently broken out to new 9-year highs of over $29 per pound. We feel that cobalt prices could have the same type of parabolic move like lithium has had. Similar dynamics that have driven lithium prices higher are present in cobalt, and that is why Cruz established itself at the early stages of this sector move by securing multiple high grade cobalt projects.
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Below is the historical Lithium price (USD$) per metric tonne
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As you can see in the map below, Cruz Cobalt also has exposure to the lithium market through its property that is strategically located in the Clayton Valley of Nevada with access to deepest parts of the only lithium brine basin in production in North America.
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Planned Lithium-Ion Battery Megafactories:
Inline image 7
Additional Information:
Here is a good graphic explaining the battery make up and how cobalt fits in:
http://www.visualcapitalist.com/critical-ingredients-fuel-battery-boom/
Here is a link to a recent article reporting about the mining of cobalt in Africa. As you can see this is why we are focused on developing and acquiring high grade projects in politically stable, environmentally responsible and ethical mining jurisdictions:
https://www.washingtonpost.com/classic-apps/the-cobalt-pipeline-from-dangerous-tunnels-in-congo-to-consumers-mobile-tech/2016/09/30/66103382-5a8c-11e6-9767-f6c947fd0cb8_story.html?tid=hybrid_collaborative_1_na-amp
https://www.google.ca/amp/s/www.washingtonpost.com/amphtml/business/economy/companies-respond-to-questions-about-their-cobalt-supply-chains/2016/09/30/910f94de-7b51-11e6-bd86-b7bbd53d2b5d_story.html%3f0p19G=e?client=safari
Company Highlights:
· Cruz has recently completed an airborne survey over our 4 Ontario cobalt projects which has identified 6 primary cobalt targets
· Cruz has mobilized crews and commenced a work program on Cruz's 100-per-cent-owned Idaho Star cobalt prospect in Idaho and Cruz's 100-per-cent-owned Chicken Hawk Cobalt Prospect in Montana, USA
· Cruz has recently hired experienced geologists to begin operations on our Ontario, Idaho & Montana projects
· The Coleman Cobalt Prospect consisting of approximately 1,265 acres in the Larder Lake mining division of Ontario returned grades of up to 13% cobalt and appear to be an extension of the Tretheway veins (historic data)
· The 1,580 acre Bucke Cobalt Prospect in the Larder Lake mining division of Ontario returned assays grading 13% cobalt and 240 g/t silver (historic data)
· The 900 acre Johnson Cobalt Prospect in the Larder Lake mining division of Ontario encountered grab assays over 300m up to 10.5% cobalt, 69 g/t AG, 12% NI and .4% CU (historic data)
· The Hector Cobalt Prospect consisting of approximately 4,980 acres in the Larder Lake mining division of Ontario covers multiple cobalt occurrences
· The 4,935 acre War Eagle Cobalt Prospect in BC covers a past producing mine and has encountered surface samples of 6.41% cobalt, 3.59% nickel and 7.25% copper (historic data)
· The 880 acre Idaho Star Cobalt Prospect has Geological data showing this prospect area to have been active for mining of cobalt, silver and copper in the past
· In Montana, the 1,950 acre Chicken Hawk Cobalt Prospect claims surround 4 patented claims, no less than 15 prospects, and 3 adits
· Cobalt is one of the main elements in Lithium-Ion batteries
· Cruz Cobalt also has exposure to the lithium market through its property that is strategically located in the Clayton Valley of Nevada with access to deepest parts of the only lithium brine basin in production in North America.
If you would like to be added to Cruz’s email list please send an email to info@cruzcobaltcorp.com or twitter @CruzCobalt
Thank you for your time and consideration,
Seth Kay
Director
604.899.9150
Toll free 1.855.599.9150
www.cruzcobaltcorp.com
twitter @CruzCobalt
Yup. Typical of a Scam...
Mark Gustavson Insider SHRK- transferred shares to Elston Johnston in Richmond BC to sell the stock on Marks behalf avoiding insider trading reporting.
They then attempted to line-up promotion for the sale of the shares telling everyone who would listen "SHRK will take off in 2 weeks" with or without promotion trying to get promoters to work for free.
Then they come back to the promoters with restricted stock telling them SHRK will be on the NewYork stock exchange by Feb 2017 they will be able to sell the shares then.
Of course, none of it happened the stock plunged the company now on the verge of collapse.
Elston Johnston Scammer on EEC-tsx VTI-tsx SHRK and much more I'm sure.
HEY WoW!
Nothing happening here. Only good thing, not sub-pennies yet.
Don't burst that posters bubble...
They have been dreaming/pumping this dog from 20 cents to ZERO!
Elston Johnston...
EEC Halted. SHRK Tanked. VTI 1 penny on verge of collapse! You see this guy attached to any stock...RUN!
Sub-pennies! coming or taken right off the exchange. Garbage!
Listen...
I happen to have first-hand info the CFO of SHRK transferred shares to a 3rd party in BC to sell into all the BS Steve, Mark, Elston were spewing. The deal is a scam! The market doesn't lie. Look at this piece of garbage company's stock.
You need to take a breather on this board. If you want to convince yourself it's not a scam go ahead! Go look in the mirror and tap your heels 3 times you may end up in the fantasy land you keep pumping here. Seriously...GET REAL DUDE!
SOOOO...Any word on this POS company?
Who cares?
The deal is a scam. Mark(insider) was telling anyone who would listen to the bozo The deal was taking off in 2 WEEKS!!! Get everyone you can in...at the same time transferring shares to a 3rd party to sell for him. Yah Good Deal.
wow...
"Get the price down" Lol You have been posting on this dog from it's highs to it's lowest low's. Time to stop. The deal is dead. No money, no deals. Apparently no office.
(888) 481-6161 Out Of Service...
info@sharkreach.com
You may want to retract all the BS you posted here on this company.
Mark J. Gustavson = The insider who sent a million Shares or more to Elston Johnston. Both were saying the company was on the verge to explode! IN 2 WEEKS! Lol a year ago.
The whole thing smelled bad from the get go. All PR and no filings. Trying to get IR/promo on restricted shares....I see it worked out well for them 22 cents now 2 pennies.Lol
Lol You should check the website more often...
Before blowing a fuse defending this crap Management & Company.
The whole deal was a sham!
Anyone buying shares down here is gambling...
If they couldn't get their sht together @ 90 cents they certainly aren't going to be doing at 2cents. The deal is bunk! Right, Mark & Elston.
There are more greasy promoters...
Then Steve Smith around this deal. When we got introduced to the deal it was on a 2 week turn around promo or no promo the stock was going to fly to multiple $$$!!! Then in as short as 6 months the stock would be listed on the NYSE with big revenues and full disclosure financials etc...
ALL BS.
I wonder???
If Elston Johnston & Mark (insider) were able to off load all the stock before this piece of crap imploded?
I wonder how many of the insiders went through 3rd party entities to off load their stock?
Scam Scam Scam Scam....not a very good one...but a scam.
Always the story here...
A matter of time. 2 cents share price is pathetic. It's obvious these guy's have no clue how to run or promote a public company.
I post move along...talking to the likes of you : ) Anyone posting from 20 cents down too 2cents needs to move along.
Where Is All The Action?
This dog whimpered out big-time! Guess the NYSE listing is waaaayyysss off! Lol So are the current financials and the BIG funding etc...
Move on people nothing to see here....