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Cypress Development Corp.
Summary
| Project: | Clayton Valley | |
|---|---|---|
| Deposit: | Clayton Valley | |
| Location: | United States | |
| Commodities: | Lithium | |
| Date: | 4/23/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-4-2019: Cypress Development Corp. announces an Exploration/Drilling Update report for its Clayton Valley deposit at the Clayton Valley project. Drilling results incl. 140m @ 1332ppm Li from 3m. Vancouver, BC - Cypress Development Corp. (TSX-V: CYP) (OT | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Daniel Kalmbach (Not stated) | |
| ABSTRACT: | Vancouver, BC - Cypress Development Corp. (TSX-V: CYP) (OTCQB: CYDVF) (Frankfurt: C1Z1) (“Cypress” or the “Company”) is pleased to report assay results from its recently completed infill drilling program at the Company’s Clayton Valley Lithium Project in Nevada. The program which commenced in March is a critical step in the Prefeasibility Study (PFS) currently underway with Ausenco Engineering Canada Inc., Global Resource Engineering and others. The target area for this phase of drilling was the southwest portion of the initial pit area as described in the October 1, 2018 Preliminary Economic Assessment NI 43-101 Technical Report (PEA). The PEA included updated mineral resources with an Indicated Resource of 831 million tonnes at 867 ppm Li (3.835 million tonnes LCE) and an Inferred Resource of 1.12 billion tonnes at 860 ppm Li (5.126 million tonnes LCE), based upon a cut-off grade of 300 ppm Li. Complete assay results are as provided in the following table. | |
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