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Cypress Development Corp.
Summary
| Project: | Clayton valley | |
|---|---|---|
| Deposit: | Dean, Glory | |
| Location: | United States | |
| Commodities: | Lithium | |
| Date: | 11/27/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-11-2017: Cypress Development Corp. announces an Exploration/Drilling Update report for its Dean, Glory deposit at the Clayton valley project. Drilling results incl. 106.1m @ 903ppm Li from 0m. Vancouver, BC - Cypress Development Corp. (TSX-V: CYP) (OTC | |
| 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”) has completed the first half of its fall 2017 drilling program on its Dean & Glory properties, located in Clayton Valley, Nevada. The fall 2017 program was planned for 12 to 14 drill holes, totaling up to 1500 meters of NQ-size core, to be divided between Cypress' contiguous Dean and Glory properties. The two properties cover an area totaling 4,220 acres and are 100 per cent controlled by Cypress. So far, in the fall program, the Company has completed five holes on the Dean property. These holes were drilled on two east-west fences, about one kilometer apart and with 400 meters between the holes. With this spacing, and another nine holes drilled earlier this year, the Company anticipates establishing several kilometers of continuous lithium mineralization across the property. All the core from these five holes has been logged, split and submitted to an assay laboratory for analysis. The Company expects to receive assay results later this month or in December. Geology and structure seen in all five holes are consistent with the drill results obtained on the Dean property earlier this year. To date, all of Cypress' drilling has been on the Dean property. Assays results from nine holes drilled earlier this year are summarized in the table below. All nine holes encountered significant lithium values within claystone, ranging up to 1,790 parts per million lithium (ppm) and averaging 900 ppm lithium (or 0.48 per cent lithium carbonate equivalent) throughout an average drill depth of 74 meters across all nine holes. | |
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