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Cypress Development Corp.
Summary
| Project: | Clayton Valley | |
|---|---|---|
| Deposit: | Clayton Valley | |
| Location: | United States | |
| Commodities: | Lithium | |
| Date: | 6/3/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-6-2020: Cypress Development Corp. announces a Pre-Feasibility Study report for its Clayton Valley deposit at the Clayton Valley project. PFS results incl. post-tax NPV (8%) of US$1.052B & IRR of 25.8%. Cypress Development Corp. (Cypress) commissioned th | |
| Resources: | (Resources, M+I): 593.3Mt @ 1,073ppm Li | |
| CP/QP: | [Resource]: Terre Lane (Global Resource Engineering Ltd.) | |
| ABSTRACT: | Cypress Development Corp. (Cypress) commissioned this Prefeasibility Study of the Clayton Valley Lithium Project (project or CVLP). The project is in Esmeralda County, Nevada, six miles east of the community of Silver Peak, and is located within township 2 south, range 40 east, and township 3 south, range 40 east, Mt. Diablo Meridian. Cypress’ property consists of 5,430 acres (2,197 hectares) of U.S. Federal mining claims. The claims are held 100% by Cypress and subject to an underlying net smelter return (NSR) agreement. Cypress issued a Mineral Resource Estimate in June 2018 (GRE, 2018a) and a Preliminary Economic Assessment (PEA) in September 2018 (GRE, 2018b). This PFS updates the PEA Mineral Resource Estimate and economic assessment. Geology & Mineralization The Clayton Valley is a closed basin near the southwestern margin of the Basin and Range geophysiographic province of western Nevada. Horst and graben normal faulting is a dominant structural element of the Basin and Range and likely occurred in conjunction with deformation due to lateral shear stress, resulting in disruption of large-scale topographic features. | |
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