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Cypress Development Corp.
Summary
| Project: | Clayton Valley | |
|---|---|---|
| Deposit: | Dean, Glory | |
| Location: | United States | |
| Commodities: | Lithium | |
| Date: | 4/3/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 3-4-2018: Cypress Development Corp. announces an Exploration/Drilling Update report for its Dean, Glory deposit at the Clayton Valley project. Drilling results incl. 122.4m @ 977ppm Li from 2.0m. Vancouver, BC - Cypress Development Corp. (TSX-V: CYP) (OTC | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Daniel Kalmbach (Independent) | |
| ABSTRACT: | Vancouver, BC - Cypress Development Corp. (TSX-V: CYP) (OTCBB: CYDVF) (Frankfurt: C1Z1) (“Cypress” or the “Company”) is pleased to announce results from the last three holes drilled at the Company’s Clayton Valley lithium project in Nevada. Today’s results include an intersection of 97 meters averaging 1,144 ppm Li in the final hole, GCH-6, along with intersections of 122.4 meters averaging 977 ppm Li in DCH-17 and 129.5 meters averaging 767 ppm Li in GCH-5. The Company has completed its drilling program, and is awaiting the results of an independent resource estimate currently underway. With the completion of these three holes, the Company has concluded its current drilling on the Dean and Glory properties. All 23 of the Company’s drill holes will be incorporated in an independent resource estimate currently underway. The results of the resource estimate are expected later this month. Daniel Kalmbach, CPG and consulting geologist to Cypress Development Corp., is the qualified person as defined by National Instrument 43-101 and has approved the technical information in this release. Cypress announces the resignation of Robert Marvin as Vice President of Exploration and Director of the Company. Cypress expresses its appreciation to Mr. Marvin for his years of service and his key role in the discovery and exploration of the Company’s Clayton Valley lithium deposi | |
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