Jackpot results are in. Care to have a look? Constant high zinc content. One very high silver find (658g/t)
I'm posting the full release. You be the judge.
2008-04-07 18:23 ET - News Release
Mr. Brian Findlay reports
DAJIN REPORTS SILVER ZINC LEAD RESULTS AT JACKPOT
Dajin Resources Corp. has released assay results from its 100-per-cent-owned Jackpot and Hunter V prospects at the Oscar project located in southeastern British Columbia. The Jackpot prospect is one of several zinc, lead and silver deposits known in the Kootenay Arc belt of similar deposits, several of which have been mined by major companies such as Placer Dome and Teck Cominco Ltd.
Dajin's drilling penetrated multiple zones of mineralization similar to those encountered in historical drilling on the prospect and, in addition, found what are believed to be previously unknown mineralized zones. Notably, holes JP-07-05 and JP-07-07 encountered new mineralization in a previously unexplored region. Hole JP-07-07 was sited as a 1,200-foot step-out hole to the south and east of drill holes JP-07-1B, JP-07-02 and JP-07-03. This hole encountered what can be interpreted as five separate zones of zinc mineralization. Drill hole JP-07-05 was sited as a step-out hole from the Hunter V prospect located west-southwest of the Jackpot prospect and was designed as a test for silver mineralization. The Hunter V prospect is a skarn deposit that was previously mined for smelter silica flux and for the three to four ounces of silver contained in the siliceous skarn. The hole drilled here encountered a narrow interval containing 658 grams per tonne of silver and a previously unreported 12.0-foot-thick interval containing 3.3 per cent zinc mineralization.
DRILL RESULTS
Total
Drill hole depth
No. (ft) Zone From (ft) To (ft) Length (ft) Zn% Pb% Ag (g/t)
JP 07 - 1 B 517 A 82.34 105.00 22.66 1.04 0.05 1.5
including 91.00 97.70 6.10 2.37 0.09 3.1
B 208.00 219.50 11.50 1.75 0.07 1.5
C 288.40 330.80 42.40 1.31 0.44 3.8
including 324.20 327.00 2.80 2.40 3.60 16.7
JP 07 - 02 287 A 9.30 19.20 9.90 0.40 0.02 0.9
B 43.00 50.40 7.40 5.83 0.06 3.2
JP 07 - 03 375 A 29.50 32.00 2.00 8.80 0.21 5.9
B 105.50 112.00 6.50 2.55 0.16 3.9
C 153.35 162.40 9.05 4.39 0.18 3.1
JP 07 - 05 736 A 123.75 124.50 0.75 1.54 0.59 658.0
B 290.40 311.30 20.90 1.96 0.15 2.3
including 290.40 302.40 12.00 3.30 0.07 2.3
including 290.40 297.75 7.35 3.86 0.07 2.1
JP 07 - 07 858 A 128.40 139.00 10.60 0.31 0.01 1.1
B 613.35 623.00 9.65 1.80 0.09 2.5
C 648.00 650.00 2.00 0.59 0.26 6.1
D 688.00 724.65 36.65 2.76 0.14 3.9
including 688.00 694.00 6.00 5.40 0.02 3.6
and 708.00 718.65 10.65 5.73 0.41 7.1
E 773.00 778.00 5.00 3.87 0.74 26.3
F 800.00 800.50 0.50 3.94 0.77 32.5
The diamond drill program was designed by Dajin to provide initial confirmation of historical drilling results reported from programs completed over several decades by New Jersey Zinc Co. and Teck Cominco and to locate additional mineralized zones of zinc, lead and silver mineralization. Said historical programs generated a database used by New Jersey Zinc and Teck Cominco to estimate historical and non-National Instrument 43-101-compliant resources of three to four million tons of zinc mineralization at the Jackpot prospect.
The Oscar project is the beneficiary of robust local infrastructure, including access by high-speed logging roads leading to the project's location five to 10 kilometres from the highway (No. 6). Electrical power exists alongside the highway where the villages of Salmo and Ymir are located in the near vicinity of the Oscar project. The city of Nelson, 30 kilometres to the north, is the source of most of the supplies needed to support Dajin's exploration work. The project is approximately 50 kilometres by paved road from the zinc smelter at Trail, B.C.
These drill results clearly confirm the presence of widespread zinc mineralization similar in grade to that mined from a number of mines in the region. Due to the structural complexity of the region being drilled, Dajin cannot at this time correlate mineralized zones between the drill holes or confidently determine true widths of the sulphide mineralization in each mineralized zone.
With the high zinc prices that are projected to continue into at least the intermediate future, zinc mineralization with the characteristic simple metallurgy common to Kootenay Arc deposits is very attractive. Mineralization available by low-cost adit entry and very close to not only the requisite infrastructure but also to smelting capacity is particularly attractive. The fact that a deposit of this nature can be quickly explored by drilling to only relatively shallow depths is an additional bonus.
Quality control and assurance
A rigorous quality-control-and-assurance program (QC/QA) is in place, including systematic inclusion of standard sample materials. Samples are sent in security-sealed sacks to Loring Laboratories Ltd. in Calgary, Alta. The control samples and duplicate assay results received for the drilling program demonstrated to Dajin that the assay results reported herein are reliable.
David M. Jenkins, PGeo, vice-president, exploration, is designated as the qualified person for the Oscar project.
eo NR. Watch the market reaction today. g.p.
