For thousands of other reports visit RSC's Mineral Intellingence Map
Cypress Development Corp.
Summary
| Project: | Clayton Valley | |
|---|---|---|
| Deposit: | Dean | |
| Location: | United States | |
| Commodities: | Lithium | |
| Date: | 6/6/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-6-2017: Cypress Development Corp. announces an Exploration/Drilling Update report for its Dean deposit at the Clayton Valley project. Drilling results incl. 85.65m @ 1014ppm Li from 8.22m. Vancouver, BC - Cypress Development Corp. (TSX-V: CYP) (OTCBB: C | |
| 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 Release on May 15th, that the Company has received additional 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. Dean drill hole DCH-9 is a nearly two mile step-out located in the northeast eastern portion of the project area. Assays have been received from ALS Chemex and average 1014 ppm Li over 281 feet from a depth of 27 feet to 308 feet. The mineralization 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. Cypress continues with ongoing laboratory studies to explore the 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. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report