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Cypress Development Corp.
Summary
| Project: | Clayton Valley | |
|---|---|---|
| Deposit: | Clayton Valley | |
| Location: | United States | |
| Commodities: | Lithium | |
| Date: | 2/7/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-2-2019: Cypress Development Corp. announces an Exploration/Drilling Update report for its Clayton Valley deposit at the Clayton Valley project. Drilling results incl. 42.7m @ 1309ppm Li from 29.9m. Vancouver, BC - Cypress Development Corp. (TSX-V: CYP) | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: David Kalmbach (Not stated) | |
| ABSTRACT: | Vancouver, BC - Cypress Development Corp. (TSX-V: CYP) (OTCQB: CYDVF) (Frankfurt: C1Z1) (“Cypress” or the “Company”) is pleased to report mobilization is underway for drilling on the Company’s Clayton Valley Lithium Project. The present drill program is an important data gathering component of the ongoing prefeasibility study (PFS) and will concentrate on an area between previous drill holes GCH-06, DCH-04 and DCH-05. (See drill hole location map). The primary objectives are to upgrade and convert resources to reserves in developing the PFS mine plan and to obtain material for further metallurgical testing. Secondary objectives are to obtain geotechnical data and additional information on lithology, mineralization, and clay speciation. Clayton Valley Lithium Project 2019 drill hole location map: https://cypressdevelopmentcorp.com/site/assets/files/3640/cvlp-drilling-map-a.jpg Drilling is expected to intersect lithium-bearing units from near-surface to depths of more than 100 meters. Actual depths will vary with drilling conditions and lithological contacts. The primary targets in the drilling area are the Upper Olive and Main Blue Mudstone units. Lithium values where intersected in nearby holes are relatively higher, as seen in GCH-06 where the lithium values are up to 1609 parts per million (ppm). The drilling program is anticipated to generate 500 to 800 meters of core. Drilling is expected to be completed in March depending on weather conditions. | |
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