Awake Property Location Map
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Cypress Development Corp. has acquired a 100% interest in the Awake gold property located in the Slumbering Hills area of Humboldt County, northern Nevada subject to a 2% N.R.I. in favor of the vendor. The Awake gold property is situated approximately 5 miles to the south of the Sleeper Mine, which is a well documented prolific past gold producer at the northern extension of the Battle Mountain - Cortez Geological Trend. Active mining was conducted at the Sleeper Mine until the end of 1997, and was operated as a conventional open pit, heap leach gold operation.

Summary

The Awake property consists of thirty Federal lode-mining claims on BLM lands in Humboldt County, Nevada. The property lies along the west edge of the widely mineralized Northern Nevada Rift belt. The NNW trending structural-magmatic belt is noted for bonanza grade, volcanic hosted precious metal deposits that are closely related to mid-Miocene age structural-volcanic-hydrothermal processes. Gold deposits include the Sleeper and Jumbo mines, Buckskin-National, and Mule Canyon. Abundant gold exploration is on going in the belt and significant gold intercepts are being reported.

Amax discovered the Sleeper Mine in 1982 during reconnaissance drilling beneath range front sand and gravel. No evidence of the bonanza grade Sleeper vein or surrounding mineralized hydrothermal breccia is evident in range front outcrops. Gold values within the Sleeper vein were extraordinary with centimeter-scale bands of electrum occurring within banded, quartz-adularia veins and vein breccias. The veins are enclosed within a low-grade (approx. 1ppm Au) breccia envelope.

Location, Access and Physiography

The Awake property lies 30 miles NW of Winnemucca, Nevada on lands administered by the BLM. The property is 5 miles south-southwest of the Sleeper Mine and three miles south of the Sleeper mine property (X-Cal, New Sleeper Gold).

Access to the property is via paved state highways, a maintained gravel mine access road to within 4 miles and then by dirt track roads to the claim group. High-voltage power exists within 5 miles of the property.

Awake Property Geology and Target Type

The Awake claims lie on the west flank of Gabica Butte. Gabica Butte is composed of highly fractured felsic to intermediate intrusive rock of pre-Miocene age. The butte is the only outcrop on the property. Gold values of 250 to 333 ppb with 500 to 800 ppm arsenic values have been obtained from NNE-trending, meter-scale breccia zones which outcrop on the butte. Surfical sand and gravel deposits surround the butte.

Gabica Butte lies on the SSW projection of the Sleeper vein trend. The target at the Awake property is gold mineralization within interpreted, down-faulted rock packages west of the butte, along strike with mineralization at Sleeper. Volcanic rocks are likely to exist on the west (down-faulted) sides of the range front normal faults extending SSW from the Sleeper area.

It is interpreted that the high degree of fracturing and highly anomalous gold-arsenic mineralization on Gabica Butte indicates the close proximity of gold mineralized structures. The trend of the weakly mineralized breccias on the butte is parallel to overall vein strike at Sleeper. Structural and vein trend projections from the Sleeper mine area strongly support the Awake property target concept.

Past exploration has occurred in the sandy basin east of the butte but there is no record or field evidence of drilling west of the butte within the Awake target area. The target at Awake is vein and breccia hosted gold mineralization within interpreted, Miocene age volcanic rocks along the west flank of the butte.

Proposed Exploration Program

A detailed prospecting and sampling program of Gabica Butte has been done resulting in the delineation of weakly gold mineralized breccia zones within granitic rocks.

Drilling will be the only definitive tool for exploring the vein and breccia hosted gold mineralization target area to west of the butte. It is recommended that R-C drilling be done west of the butte to test bedrock geology. It is anticipated that 2000 feet of drilling in five holes would be required for an initial target test.

Discovery of altered volcanic rocks and anomalous gold mineralization during drilling would validate the target model and indicate the need for a much larger claim block and an intensive drill program.