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Cypress Development Corp.
Summary
| Project: | Clayton Valley | |
|---|---|---|
| Deposit: | Dean | |
| Location: | United States | |
| Commodities: | Lithium | |
| Date: | 5/1/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 1-5-2018: Cypress Development Corp. announces a Resource Estimation report for its Dean deposit at the Clayton Valley project. Initial mineral resource estimate at Clayton valley project. Vancouver, BC - Cypress Development Corp. (TSX-V: CYP) (OTCQB: CYDV | |
| Resources: | (Resource): 597Mt @ 0.09% Li (Ind.), 779Mt @ 0.088% Li (Inf.) | |
| CP/QP: | [Resources]: Terre Lane (Global Resource Engineering Ltd.) | |
| ABSTRACT: | Vancouver, BC - Cypress Development Corp. (TSX-V: CYP) (OTCQB: CYDVF) (Frankfurt: C1Z1) (“Cypress” or the “Company”) is pleased to announce a maiden independent resource estimate for its 100%-owned Clayton Valley Lithium Project in Nevada. Dr. Bill Willoughby, Cypress’ CEO, commented on the resource estimate, “This is a major milestone for Cypress. To have advanced from drilling the first hole on Dean just over a year ago to the resources we have now is truly remarkable. It’s exciting not only to see validation to the size of deposit, which is something we’ve anticipated, but also all the other factors line up that affect how a project can become a mine. I’m looking forward now to the PEA next, which I anticipate based on the results today, we will work to complete as quickly as possible.” Details of the Mineral Resource Estimate The National Instrument 43-101 Mineral Resource Estimate was estimated by Terre Lane, MMSA Qualified Professional and SME Registered Member, of Global Resource Engineering Ltd. (GRE) of Denver, Colorado. GRE has extensive experience in the resource estimation, mining, and extraction of sedimentary-hosted deposits. The NI 43-101 technical report will be filed on SEDAR within 45 days and carries an Effective Date of May 1, 2018. | |
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