| www.grahamanalytics.com | ||||||
| Company Fact Sheet | ||||||
| Date of Report: | May 22 | |||||
| Company Name: | Dajin Resources Corp | |||||
| Stock Symbol: | DJI | |||||
| Exchange: | Venture | |||||
| Company Website: | www.Dajin.ca | |||||
| Section A. Financial | ||||||
| 1. When was the Company incorporated? | before 2000 | |||||
| 2. Nature of current operations: | Exploration | |||||
| 3. Shares outstanding: | 39,000,000 | |||||
| 4. Shares fully diluted: | 44,384,000 | |||||
| 5. Options outstanding (grouped in reverse order by date): | ||||||
| 1 (most recent) | 2 | 3 | 4 | |||
| Number | 1,000,000 | 1,640,000 | 825,000 | 65,000 | ||
| Price | $0.30 | $0.15 | $0.23 | $0.20 | ||
| Expiry | 5/2012 | 9/2010 | 9/2009 | 12/2008 | ||
| 6. Warrants outstanding, excluding brokers' warrants (in reverse order by date): | ||||||
| 1 (most recent) | 2 | 3 | 4 | |||
| Number | 817,500 | 312,500 | 500,000 | |||
| Price | $0.75 | $0.50 | $0.75 | |||
| Expiry | 12/2008 | 12/2008 | 10/2009 | |||
| 7. Financings in the past 24 months: | ||||||
| 1 (most recent) | 2 | 3 | 4 | |||
| Number of shares | 1,635,000 | 625,000 | 1,000,000 | 2,578,000 | ||
| Price of shares | $0.45 | $0.32 | $0.50 | $0.35 | ||
| Number of warrants (excluding brokers' warrants) | 817,500 | 312,500 | 500,000 | 1,289,000 | ||
| Exercise price of warrants | $0.75 | $0.50 | $0.75 | $0.45 | ||
| 8. Total number of shareholders: | 5000+ | |||||
| 9. Insider holdings: | ||||||
| Number of shares | 4,200,000 | |||||
| Number of options | 2,145,000 | |||||
| Number of warrants | nil | |||||
| 10. Is there a share-based incentive plan? | Yes | |||||
| 11. If yes, detail: | Stock options for directors and staff | |||||
| 12. Is there a Shareholders' Rights Plan in place? | No | |||||
| 13. Does a larger unrelated mining company hold greater than 5% of common shares, or is a joint venture with a larger company now in place? | No | |||||
| 14. Cash and short-term investments on hand ($): | Nil | |||||
| 15. Book value of ABCP ($): | $0-99k | |||||
| 16. How many geologists (full-time equivalent) are engaged | 3 | |||||
| by the company? | ||||||
| Section B. On the subject of the lead geologist: | ||||||
| 1. Name: | David Jenkins | |||||
| 2. Is this a Qualified person as defined in terms of NI 43-101? | Yes | |||||
| 3. Years of experience in the field: | 20+ | |||||
| 4. Has this person played a key role in advancing a project from early exploration to: | ||||||
| a) historic (non-compliant) resource, pre-NI 43-101 | Yes | |||||
| If yes, detail: | Limon Mine,
Nicaragua Sugitei, Mongolia Huckleberry, BC Baymag, BC Manatial Espejo, Argentina |
|||||
| b) NI 43-101 resource estimate | Yes | |||||
| If yes, detail, if different from above: | Moonlight, California | |||||
| c) joint venture with or buyout by a larger mining company | Yes | |||||
| If yes, detail, if different from above: | Sugitei, Mongolia | |||||
| d) an operating mine | Yes | |||||
| If yes, detail, if different from above: | Los Pinos,
Mexico Placer Mines, Mongoia redevelopment of Limon Mine, Nicaragua Huckleberry Mine, BC Baymag Mine,BC Manantial Espejo, Argentina |
|||||
| Section C. On the subject of the lead executive responsible for financing: | ||||||
| 1. Name: | Brian Findlay | |||||
| 2. Years of experience in the field: | 15-20 | |||||
| 3. Total funds ($CAD) raised for this company: | 5m-9.9m | |||||
| 4. Total funds ($CAD) raised in the mining sector: | 50m+ | |||||
| Section D. Property #1 | ||||||
| 1. Name of the property: | Addie 2 | |||||
| 2. Location: | Canada | |||||
| 3. Key resource targets (up to four): | Gold | |||||
| 4. Is there paved road access to the property? | No | |||||
| 5. Distance to the nearest major city: | 50 km.+ | |||||
| 6. Distance to the nearest adequate power grid: | 50 km.+ | |||||
| 7. Distance to the nearest adequate water supply: | <5 km. | |||||
| 8. Distance to the nearest adequate labour supply: | 20-49.9 km. | |||||
| 9. Distance to the nearest rail suitable for transport: | 50 km.+ | |||||
| 10. Distance to the nearest port suitable for transport: | 50 km.+ | |||||
| 11. Distance to the nearest protected wildlife refuge: | 10-19.9km. | |||||
| 12. Distance to the nearest tourist resort: | 10-19.9km. | |||||
| 13. What is the mean elevation (msl) of the property? | 500-999m. | |||||
| 14. Has this property been meaningfully mined before? | No | |||||
| 15. If yes, please describe any remaining usable infrastructure: | Abundant high speed industrial roads | |||||
| 16. Is this property currently an operating mine? | No | |||||
| 17. If no, distance to the nearest mine for target metals: | 50 km.+ | |||||
| 18. Name of that mine and operator: | ||||||
| 19. Is there a NI 43-101 compliant resource report for the property? | No | |||||
| 20. If yes, please describe the key report estimates: | ||||||
| 21. If no, distance to nearest property with NI 43-101 | 50 km.+ | |||||
| compliant resource report. | ||||||
| 22. Name of that property and operator: | Sky Gold Ventures Ltd. | |||||
| 23. Is the property owned outright by the company? | Partially | |||||
| 24. If no, has the company secured mineral rights? | Yes | |||||
| 25. If no, has the company secured surface rights? | No | |||||
| 26. Does the company have permitting to explore the property? | Yes | |||||
| 27. Does the company have permitting to mine the property? | No | |||||
| 28. Total metres of drilling now completed: | ||||||
| 29. Total metres of drilling planned for next 12 months: | 1-4,999 | |||||
| 30. Number of drilling rigs now on the property: | ||||||
| 31. Number of new rigs planned for next 12 months: | 2 | |||||
| 32. Number of months/yr. this property is open to exploration: | 7 | |||||
| 33. Number of months/yr. this property is open to mining: | 12 | |||||
| 34. Exploration budget on this property for next 12 months: | 1.5 million | |||||
| 35. Has metallurgical testing been completed in support of the case | No | |||||
| for successful recovery of target metals for this deposit? | ||||||
| For this property, describe up to the three best drilling results: | ||||||
| Hole number 1 | ||||||
| 36. Name | ||||||
| Mineralized Metres | Metal | Grade | Measure | |||
| 37. - 40. | Gold | |||||
| Hole number 2 | ||||||
| 41. Name | ||||||
| Mineralized Metres | Metal | Grade | Measure | |||
| 42. - 45. | ||||||
| Hole number 3 | ||||||
| 46. Name | ||||||
| Mineralized Metres | Metal | Grade | Measure | |||
| 47. - 50. | ||||||
| 51. Website link to detailed drilling results: | ||||||
| Section E. Property #2 | ||||||
| 1. Name of the property: | Oscar | |||||
| 2. Location: | Canada | |||||
| 3. Key resource targets (up to four): | Zinc | |||||
| 4. Is there paved road access to the property? | Yes | |||||
| 5. Distance to the nearest major city: | 20-49.9 km. | |||||
| 6. Distance to the nearest adequate power grid: | 10-19.9km. | |||||
| 7. Distance to the nearest adequate water supply: | <5 km. | |||||
| 8. Distance to the nearest adequate labour supply: | 5-9.9 km. | |||||
| 9. Distance to the nearest rail suitable for transport: | 5-9.9 km. | |||||
| 10. Distance to the nearest port suitable for transport: | 50 km.+ | |||||
| 11. Distance to the nearest protected wildlife refuge: | ||||||
| 12. Distance to the nearest tourist resort: | 50 km.+ | |||||
| 13. What is the mean elevation (msl) of the property? | 500-999m. | |||||
| 14. Has this property been meaningfully mined before? | Yes | |||||
| 15. If yes, please describe any remaining usable infrastructure: | Adits | |||||
| 16. Is this property currently an operating mine? | No | |||||
| 17. If no, distance to the nearest mine for target metals: | 20-49.9 km. | |||||
| 18. Name of that mine and operator: | Pend Oreille, Teck-Cominco | |||||
| 19. Is there a NI 43-101 compliant resource report for the property? | No | |||||
| 20. If yes, please describe the key report estimates: | ||||||
| 21. If no, distance to nearest property with NI 43-101 | <5 km. | |||||
| compliant resource report: | ||||||
| 22. Name of that property and operator: | Salmo Mine, Sultan Minerals Inc. | |||||
| 23. Is the property owned outright by the company? | Partially | |||||
| 24. If no, has the company secured mineral rights? | Yes | |||||
| 25. If no, has the company secured surface rights? | No | |||||
| 26. Does the company have permitting to explore the property? | Yes | |||||
| 27. Does the company have permitting to mine the property? | No | |||||
| 28. Total metres of drilling now completed: | 10,000-19,999 | |||||
| 29. Total metres of drilling planned for next 12 months: | 1-4,999 | |||||
| 30. Number of drilling rigs now on the property: | ||||||
| 31. Number of new rigs planned for next 12 months: | 2 | |||||
| 32. Number of months/yr. this property is open to exploration: | 7 | |||||
| 33. Number of months/yr. this property is open to mining: | 12 | |||||
| 34. Exploration budget on this property for next 12 months: | $1 million | |||||
| 35. Has metallurgical testing been completed in support of the case | Yes | |||||
| for successful recovery of target metals for this deposit? | ||||||
| For this property, describe up to the three best drilling results: | ||||||
| Hole number 1 | ||||||
| 36. Name | J35 | |||||
| 37. - 40. | Mineralized Metres | Metal | Grade | Measure | ||
| 12.2 | Zinc | 8.90 | % | |||
| Lead | 2.60 | % | ||||
| Hole number 2 | ||||||
| 41. Name | J35 | |||||
| 42. - 45. | Mineralized Metres | Metal | Grade | Measure | ||
| 11 | Zinc | 6.33 | % | |||
| Lead | 0.22 | % | ||||
| Hole number 3 | ||||||
| 46. Name | K18 | |||||
| 47. - 50. | Mineralized Metres | Metal | Grade | Measure | ||
| 7 | Zinc | 11.55 | % | |||
| Lead | 0.77 | % | ||||
| 51. Website link to detailed drilling results: | ||||||
| Additional comments provided by the Company | ||||||