Overview of Cypress Development's Exploration Projects in Nevada, U.S.A.
Cypress Development Corp. (TSX-V: CYP) is a publicly traded lithium, zinc and silver exploration company whose main assets include the ownership and development of three projects located in Nevada, U.S.A. The Company is continually searching for high-potential mineral projects to add to its exploration and development portfolio. Cypress Development's mission is to increase shareholder value by developing mineral exploration projects near world-class deposits that have the potential of becoming new low cost producers.
Cypress' holds a 100% interest in the 1,520 acre Glory Lithium Claystone / Brine Project located in the heart of the Clayton Valley lithium production and exploration area of Esmeralda County, Nevada. Cypress' Glory Project is located to the southwest of lithium brine wells belonging to the Albemarle Silver Peak Mine with Cypress' Dean Project located to the immediate north and Pure Energy Minerals brine project to the immediate west.
Drilling at Cypress' Glory Project will target a 3 kilometer-long zone of strong lithium mineralization up to 3,800 ppm Li (2.02% Li2CO3 equivalent) in a highly soluble form of lithium-rich claystone discovered outcropping at surface. These non-hectorite lithium-rich claystone exposures are believed to represent uplifted portions of the lakebed stratigraphy within which the lithium brines of the Clayton Valley basin are found and produced from.
Solubility testing on claystone samples from across Cypress' Dean and Glory Projects have shown an impressive average of 35% Li recovery using a water leach and 95% Li recovery using a dilute Aqua Regia leach process. The data shows that a readily soluble non-hectorite mineral form of lithium-rich claystone exist at surface covering an area 7 kilometers-long across Cypress' Glory and Dean Projects.
Cypress' holds a 100% interest in the 2,700 acre Dean Lithium Claystone / Brine Project located immediately east of the Albemarle Silver Peak Mine in Clayton Valley, Nevada with Cypress' Glory Project on its south boundary and Pure Energy Minerals project on its southwest boundary.
Recent surface and drill exploration by Cypress at the Dean Project discovered an extensive 80 to 100 meter-thick blanket of consistent mineralization in excess of 1,000 ppm lithium over a 4 kilometer-long zone in a highly soluble uplifted lakebed claystone.
Cypress believes its lithium discovery has the potential scale to significantly impact the future production of lithium in the Clayton Valley. This developing lithium zone at its Dean and Glory Projects could well represent a long-term, reliable supply of lithium given the location, known size, chemistry and geometry of the discovery.
Cypress holds a 100% interest in the approximately 1,100 acre Gunman Zinc / Silver Project located in White Pine County, northeast of Eureka, Nevada. Five RC drill programs totaling over 15,000 meters have been completed by Cypress on the Gunman Project with significant near surface grades up to 35% zinc and up to 425 g/t silver over considerable widths encountered at the main RH Zone. Additional drilling will include the RH South Target, located approx. 150 meters south of the main RH Zone, where mineralized outcrops assayed up to 41% zinc and 340 g/t silver.
Robert Marvin, P.Geo., Director, VP of Exploration for Cypress Development is the Qualified Person as defined by National Instrument 43-101 and supervised both the project field exploration and the preparation of the technical information on this website.