CYPRESS DEVELOPMENT CORP. : http://www.cypressdevelopmentcorp.com/ : QwikReport
Projects
Cypress Development Corp. is a mineral resource exploration company whose principal assets include the ownership and development of several precious and base metal properties. Three are located in Canada and one is located in the United States. The Company is continually searching for high-potential properties to add to its exploration portfolio.
Broulan Reef & McKenzie Island Properties, Red Lake, Ontario, Canada:
Cypress Development Corp has an 82.5% interest in the Broulan Reef gold property and an 80% interest in the McKenzie Island gold property, both located in the heart of the Red Lake Mining District of Northwestern Ontario. The two properties, totalling 5,400 acres, are located adjacent to the south and west of Goldcorp's Gold Eagle Mines world-class Bruce Channel discovery, west of Goldcorp's / Premier Gold's Rahill-Bonanza project, and 5 miles due west of Goldcorp's operating Red Lake and Campbell gold mines.
Gunman Property, Nevada, U.S.A.:
The Company is developing its 100% owned high-grade Gunman zinc-silver project located northeast of Eureka, Nevada, where drilling recovered grades in excess of 25% zinc and 8 oz/ton silver over 75 feet.
South Voisey Bay Nickel Co. Ltd. (SVBN), Labrador, Canada:
Cypress has vended all of its land holdings in Voisey's Bay, Labrador into a private mineral exploration company called "South Voisey Bay Nickel Co. Ltd." (SVBN). Five companies (including Donner Minerals, Cypress Development, NDT Ventures, Rcom Ventures and Curion) have each vended their mineral acreage into SVBN on a dollar spent per property share equity basis, totaling 1,000 square kilometres. Cypress is the 2nd largest shareholder of SVBN at (11.4%) with Donner Metals the largest shareholder at (76.5%).