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Cypress Development Corp.
Summary
| Project: | Clayton Valley | |
|---|---|---|
| Deposit: | Dean | |
| Location: | United States | |
| Commodities: | Lithium | |
| Date: | 1/9/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 9-1-2018: Cypress Development Corp. announces an Exploration/Drilling Update report for its Dean deposit at the Clayton Valley project. Drilling results incl. 106.7m @ 1134ppm Li from 5.5m. 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 results from two more core holes from the Company’s Clayton Valley, Nevada drill program. Today’s results include an intersection of 107 meters of 1134 ppm Li within hole DCH-13 and 76 meters of 733 ppm Li within hole DCH-14, both located on the Dean property. Hole DCH-13 represents one of the longest and higher grade drill results from the property to date as Cypress continues to expand the lithium mineralized zone. The Company is reviewing drill results. Additional holes are planned for the first quarter of 2018 to infill and connect the Dean and Glory areas of drilling. The Company anticipates the further work will support a resource estimation and preliminary economic assessment (PEA) upon completion of the drilling, metallurgical studies and gathering necessary economic data. Cypress believes its lithium-bearing claystone deposit in Clayton Valley, which is located due east of Albemarle’s Silver Peak lithium brine operation, has the potential to become a significant source of lithium. The Company is working to advance the project into development by following its program of exploration drilling and metallurgy. Cypress is very active in Nevada, with its geological team focused on systematically exploring its properties for lithium. | |
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