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Cypress Development Corp.
Summary
| Project: | Clayton Valley | |
|---|---|---|
| Deposit: | Dean, Glory | |
| Location: | United States | |
| Commodities: | Lithium | |
| Date: | 12/5/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-12-2017: Cypress Development Corp. announces an Exploration/Drilling Update report for its Dean, Glory deposit at the Clayton Valley project. Drilling results incl. 102.7m @ 1029ppm Li from 0.3m. Vancouver, BC - Cypress Development Corp. (TSX-V: CYP) (O | |
| 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 the Company’s first three holes completed in its fall, 2017 drill program at its 100%- owned Dean and Glory Lithium properties in Clayton Valley, Nevada. The results include an intersection of 102.7 meters of 1029 ppm Li within DCH-11 on the Dean property. Cypress has completed five core holes in its fall program on the Dean property. The results summarized here are from the first three holes, DCH-10, -11 and -12. Results from the remaining holes on Dean are expected in December, and will aide in determining where additional drilling is needed. In the meantime, as previously announced, the drill rig was moved south onto the adjoining Glory property where drilling is continuing and seven holes are planned. The fall 2017 program was planned for 12 to 14 drill holes, up to 1500 meters of core. All holes are vertical and drilling to be divided between Cypress' contiguous Dean and Glory properties. The properties cover an area totaling 4,220 acres and are 100% controlled by Cypress. Drilling is now underway on Glory. | |
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