Broulan Reef Mother Drill Hole BR09-02 Completed to 2937 metres
Publisher: Don Myers, Corporate Communications
Author: Don Huston, President
The hole was collared with an azimuth of at 120 degrees and a dip of 78 degrees. The hole ended with an azimuth of 81.7 degrees and a dip of 65.2 degrees. This hole encountered Balmer Assemblage at 1586 metres and continued in same until the end of the hole.
At 2663.8 metres down hole, the companies encountered a major North / South Shear Zone that is also evident on the Goldcorp Inc. Bruce Channel property immediately to the North of the companies Broulan Reef property. This structure continued to a depth of 2862 metres in the hole.
The footwall of this structure is a large breccia zone with extensive and pervasive calcite alteration and carbonate vein material. Biotite alteration and patches of magnetite alteration are also pronounced. Bands of fine grey sulfides and arsenopyrite are noted. Several zones of ultramafic material are evident within the breccia.
Cypress & Skyharbour have established a wedge hole off of the main hole in an attempt to obtain a second section through this structure. The first deflection wedge was set at a depth of 2000 metres in the mother hole.
Assays are pending at this time.
Smartstox Report on Cypress Development Corp. February 2010
Publisher: Eric Carlson, Corporate Communications
Author: Smartstox
Below is a link to a Report by Smartstox dated February 2010 on Cypress Development Corp. (TSX-V: CYP) discussing the Company's ongoing drill program on its Broulan Reef gold property in Red Lake, NW Ontario. The property is located adjacent to the south of Goldcorp's Cochenour / Bruce Channel Deposit.
http://www.cypressdevelopmentcorp.com/i/pdf/Smartstox-02-10.pdf
Cypress Development Corp. is a Canadian gold and base metal exploration company developing projects in Red Lake, Ontario, Canada, and in Nevada, U.S.A.
To find out more about Cypress Development Corp. (TSX-V: CYP), visit the Company's website at www.cypressdevelopmentcorp.com.
"Don Huston"
DONALD C. HUSTON
President
Update from the Field on Broulan Reef Drilling
Publisher: Don Myers, Corporate Communications
Author: Don Huston, President
Dip 77.2 degrees
Azimuth last @ 111 degrees
Gyro to determine exact azimuth being done with down hole probe this am
Hole is stable
We have had a great deal of difficulty in managing this hole to the direction (*azimuth) that we desire. There is a tremendous amount of pull on the drill rods always to the North. Rock formations, structures, etc. tend to be laid in a north-south direction (generally speaking), so the drill bit encounters / takes the least path of resistance. Perhaps the hard part is now past us.
I have asked for many opinions in the last couple of months as to what can Cypress expect to accomplish drilling this deep (and expensive). There is a very real belief (CYP/SYH Geo's, Goldcorp, independent Geo's) that the extension of the Gold Eagle ore body crosses our Broulan Reef property, and, with the knowledge we are developing of the geological structures here, are well within our grasp.
The more we drill, the more data we garner, the better our ability to assess this property becomes.
We now have a specific target area that we are attempting to drill into. This very real target area lives in the Balmer Assemblage rocks immediately underneath the known flat lying "thrust package" (cross cutting fault). It is now our job to drill into this area and see what is there.
There is no doubt that our business of exploration is high risk, but there is also NO DOUBT that the rewards can be tremendous.
We are NOT digressing from our task of properly and fully exploring this Broulan Reef Project. This property is, without a doubt, very well located, geologically speaking.
Goldcorp, et al, are also very aware of the potential the Broulan Reef property has to host an ore body.
As to Cypress' latest announcement re: Lou Chastko, Regional Exploration Manager for Goldcorp in Red Lake, joining our Advisory Board, the Company believes his expertise in defining gold potential bearing zones within the Balmer Assemblage beneath the shallow waters of the Bruce Channel will be a major asset in exploring the Broulan Reef.
Regards,
Don Huston
President
Cypress Development Corp.
dhuston@ninetyeight.com
Drilling Update on Broulan Reef, Red Lake Project, Ontario
Publisher: Jordan Paul - Corporate Communications
Author: Don Huston - President
Drilling continues on the Cypress / Skyharbour Broulan Reef property with progress being seen to achieving depth on the McKenzie Island hole BR09-01. The hole is now at approximately 1295 metres in length with an azimuth of about 94 degrees and with a dip of 78 degrees.
Broulan Reef Drilling Location Map |
The companies have had issues the last month in attempting to keep the mother hole heading in an easterly direction. The foliation, hardness and general rock character have tended to make the drill hole deviate to the north with regularity. The companies have had to install several steel wedges in this mother hole to be able to direct the drill to the highly prospective geology underlying the "Thrust Package" within the Balmer Assemblage. This has attributed to slower meterage attained in the last few weeks on the Broulan Reef drilling.
However, the companies seem to have now overcome these structural dilemmas and drilling is continuing to head in the designated easterly direction. The drill core indicates that the known iron formation has now been intersected at 1221 metres. The Balmer Assemblage is expected in the next few hundred metres of drilling.
The anticipated length of this mother hole will be approximately 2700 metres. A series of wedge holes will be established from this main hole to allow Cypress and Skyharbour to properly explore the geologic horizon immediately below the existing "Thrust Package" within the Balmer Assemblage of rocks. The companies believe that the area immediately under the Thrust Package is highly prospective for the gold hosted in the Bruce Channel deposit owned by Goldcorp adjoining Cypress / Skyharbour property on our north boundary.
The two latest reports from the field on the Broulan Reef written by Bob Marvin and David Busch
David Busch Report on Broulan Reef May 2009
Broulan Reef Property Schematic Cross Section Looking North (June 10, 2009)
