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Cypress Development Corp.
Summary
| Project: | Clayton Valley | |
|---|---|---|
| Deposit: | Dean | |
| Location: | United States | |
| Commodities: | Lithium | |
| Date: | 6/20/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 20-6-2017: Cypress Development Corp. announces an Exploration/Drilling Update report for its Dean deposit at the Clayton Valley project. Drilling results incl. 75.1m @ 714ppm Li from 0.45m. Vancouver, BC - Cypress Development Corp. (TSX-V: CYP) (OTCBB: CY | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Robert Marvin (Internal) | |
| ABSTRACT: | Vancouver, BC - Cypress Development Corp. (TSX-V: CYP) (OTCBB: CYDVF) (Frankfurt: C1Z1) (“Cypress” or the “Company”) is pleased to announce, further to its News Releases on June 6th and May 15th, that the Company has received final assay results from a 2017 Phase 1 core drilling program completed at Cypress’ 100% held 2,700 acre Dean Lithium Project in Clayton Valley, Nevada. Cypress’ Dean Project is located to the immediate east of the Albemarle Silver Peak Mine, with Cypress' Glory Project, under option to Pure Energy Minerals, located to the immediate south. The mineralization at Cypress’ Dean Project is continuous from surface as has been seen in previously reported holes from the Phase 1 core drilling of the project. As with other reported holes, the lithium is concentrated in a thick, tabular body of volcanic ash and pumice rich mudstones. These mineralized, uplifted, sediments present an attractive target with the potential of defining a large scale and potentially highly reliable source of lithium. 2 Cypress is continuing with ongoing laboratory studies to explore the highly reactive and soluble nature of the large volume of lithium enriched rock seen on the Dean Project, so as to further understand a method of extraction and ultimately production. It is important to note that the uplifted and well mineralized lake bed sediments that outcrop widely in the eastern portion of the Clayton Valley, including those on the Dean Project, do not occur at surface elsewhere in the basin. Cypress, through its 100% held Dean Project, as well as the contiguous Glory Project area to the south, controls the heart of this newly discovered, large-scale slab of outcropping mineralization. | |
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