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Cypress Development Corp.
Summary
| Project: | Clayton Valley | |
|---|---|---|
| Deposit: | Dean | |
| Location: | United States | |
| Commodities: | Lithium | |
| Date: | 2/21/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 21-2-2018: Cypress Development Corp. announces an Exploration/Drilling Update report for its Dean deposit at the Clayton Valley project. Summary of exploration completed at Dean. Cypress Development Corp. has prepared this technical report detailing surfa | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Robert Marvin (Internal) | |
| ABSTRACT: | Cypress Development Corp. has prepared this technical report detailing surface and diamond core drill data from the initial exploration of its 100% owned Dean Lithium Property located in the Clayton Valley of Esmeralda County, Nevada. Cypress owns the mineral rights to 35 federal placer claims and 79 lode claims covering approximately 2700 acres. The property location is shown on figure 1-1 below. The map also shows the position of the immediately adjacent lithium brine production center owned by lithium production giant, Albemarle Corp. Albemarle’s Clayton Valley lithium production complex consists of a brine production well field and associated concentration and refining infrastructure. This “Silverpeak Lithium Mine” has been in continuous production since 1966 and is the largest lithium producer in North America currently accounting for roughly 3% of worldwide lithium carbonate and lithium hydroxide production. The Dean Lithium project lies along the eastern margin of the Clayton Valley. The valley contains a thick section of lake sedimentary origin rock units that were deposited within an arid, closed basin of late Miocene to recent age. Active faulting continues to down drop the basin against the surrounding mountain ranges. | |
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