Cypress' Gunman Zinc-Silver Project, Nevada
Welcome to Cypress Development Corp.
Cypress Development Corp. (TSX-V: CYP) is a Canadian zinc, silver and gold exploration company developing projects in Nevada, U.S.A. and in Red Lake, Ontario, Canada.
Cypress holds a 100% interest in its flagship 2,300 acre high grade Gunman Zinc-Silver Project located in White Pine County, northeast of Eureka, Nevada. Five RC drill programs totaling approx. 55,000 feet have been completed by Cypress on the Gunman project with significant near surface grades up to 35% per ton zinc and up to 15.0 oz per ton silver over considerable widths encountered at the main RH Zone.
Planned drilling in the spring of 2015 will include additional mineralized zones identified during 2014 surface sampling including the RH South Target located approx. 500 feet to the south of the main RH Zone. 2014 surface sampling at the RH South Target assayed up to 41% zinc, 12 oz per ton silver, and 14% copper. The assays and geologic results from detailed sampling of the RH South Target indicate that very similar environments are present at both the main RH Zone and the RH South target.
Zinc could represent the next big base metal play due to ongoing demand growth and the closures of 3 major mines in Canada, Australia and Ireland and not enough supply coming on stream from new projects. Sentiment is shifting towards zinc with prices starting to rally due to tightening supplies.
Cypress also holds a 100% interest in the 4,720 acre McKenzie Island gold property located west and adjacent to Goldcorp's Cochenour / Bruce Channel Mine in the heart of the Red Lake gold camp in north-western Ontario. The project is also on strike with the currently producing Goldcorp (TSX: G) Red Lake and Campbell gold mines 7 kilometres to the east.
Cypress Development Corp.'s goal is to increase shareholder value by developing exploration projects near world-class deposits that have the potential of becoming new discoveries.
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