Cypress Development Corp. : Cypress' Drill Program at Gunman Zinc-Silver Project Begins in Nevada
05 Maio 2014 - 4:00AM
Cypress Development Corp. / Cypress Development Corp. : Cypress'
Drill Program at Gunman Zinc-Silver Project Begins in Nevada .
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issuer is solely responsible for the content of this
announcement.
Suite 1610 - 777 Dunsmuir Street,
Vancouver, BC, Canada, V7Y 1K4
www.cypressdevelopmentcorp.com
TSX-V Trading Symbol: CYPEmail:
info@cypressdevelopmentcorp.com May 05, 2014
Vancouver,
BC - Cypress Development Corp. (TSX-V: CYP) (OTC Pink:
CYDVF) (Frankfurt: C1Z) ("Cypress" or the "Company") is pleased to
announce that the Phase 1 2014 drill program at its wholly owned
Gunman zinc oxide project, Nevada, has started. The 1140 acre
Gunman zinc-silver-gold project is located directly west of
Barrick's Bald Mountain gold mine complex on the southern Carlin
mineral trend in White Pine County, Nevada.
Southern Carlin Trend location
map:
http://www.cypressdevelopmentcorp.com/s/Image.asp?i=Maps/Gunman-43-101.jpg
Cypress Development Corp has
contracted to New Frontier Drilling of Fallon, Nevada, to complete
approximately 3000 feet of RC drilling in a Phase 1 program on the
Gunman project.
President Don Huston stated: "it's
time for Cypress Development to become proactive at the Company's
Gunman zinc-silver oxide project in northeast Nevada. There is a
bullish outlook for the zinc market with the tightening of zinc
mine supply world wide, illustrated by a global zinc metal deficit
in 2013 for the first time in five years. Cypress believes it has a
great opportunity to duplicate the RH zinc-silver rich zone
discovered at the Gunman project in 2000 with extended drilling in
2014 to the RH North Zone "
A surface sampling program has
also been initiated on the newly staked adjacent ground which forms
the northern extension of the Gunman property. The Company's senior
geologist, Mr. Robert Marvin, has mobilized to the Gunman project
and has established an exploration grid to facilitate the
systematic sampling of rock exposure on the north of the
property.
Gunman
zinc-silver project, Nevada claims map:
http://www.cypressdevelopmentcorp.com/s/Image.asp?i=Maps/Gunman2014Claims.jpg
Cypress will continue in its
exploration efforts to delineate the RH North target area with the
potential establishment of a mineralized zone similar to the
existing high grade RH zinc-silver oxide discovery zone located
approximately 1500 feet to the south in the middle of the
property.
2007 Gunman
zinc-silver project, Nevada drill map:
http://www.cypressdevelopmentcorp.com/s/Image.asp?i=Maps/CYP_Gunman_2007_Map.jpg
Mineralization at the Gunman project appears to be controlled by a
series of well developed NNE trending fracture zones. This setting
is seen in other locations along the Carlin and the Battle Mountain
gold trends where the NS to NNE alignments of mineralized zones are
located in cross cutting structural zones within or adjacent to the
main NNW striking trends. The mineralization of the zinc-silver
zones on the Gunman is located close to surface. The very high
grade of zinc-silver mineralization seen in the RH zone is a
compelling reason to continue exploration on the Gunman
project.
Past surface sampling and drilling
by Cypress on the Gunman property has resulted in the discovery of
a series of zones of zinc-silver mineralization over a strike
length of 2500 feet. The northern most mineralization known (hole
GD-15) on the property was discovered at the end of the most recent
drill program in 2007 and this mineralization remains essentially
unexplored.
Robert Marvin, P.Geo., CPG,
Exploration Manager for Cypress Development Corp. is the Qualified
Person as defined by National Instrument 43-101 and has supervised
both the project field work and the preparation of the technical
information in this release.
On March 18th,
Cypress announced the completion of a National Instrument (NI)
43-101 Compliant Technical Report onthe Gunman zinc-silver-gold
project. For additional information please refer to the full report
filed on SEDAR and on Cypress' web site dated March 17, 2014 and
titled: GUNMAN ZINC-SILVER PROJECT NATIONAL INSTRUMENT 43-101
COMPLIANT TECHNICAL REPORT.
About
Cypress Development Corp.:
Cypress Development Corp. is a
diversified precious and base metals exploration and development
company with properties in Red Lake, Ontario, Canada, and in
Nevada, U.S.A. The Company is well funded with approximately $1.5
million in its treasury.
To find out more about Cypress
Development Corp. (TSX-V: CYP), visit our website at
www.cypressdevelopmentcorp.com.
ON BEHALF OF THE BOARD OF
DIRECTORS
"Don Huston"
DONALD C. HUSTON
President
For further information contact myself
or:
Don Myers
Director
Cypress Development Corp.
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@cypressdevelopmentcorp.com
NEITHER THE TSX VENTURE EXCHANGE
NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
This release includes certain
statements that may be deemed to be "forward-looking statements".
All statements in this release, other than statements of historical
facts, that address events or developments that management of the
Company expects, are forward-looking statements. Although
management believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions,
such statements are not guarantees of future performance, and
actual results or developments may differ materially from those in
the forward-looking statements. The Company undertakes no
obligation to update these forward-looking statements if
management's beliefs, estimates or opinions, or other factors,
should change. Factors that could cause actual results to differ
materially from those in forward-looking statements, include market
prices, exploration and development successes, continued
availability of capital and financing, and general economic, market
or business conditions. Please see the public filings of the
Company at www.sedar.com for further information.
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
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The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Cypress Development Corp. via Globenewswire
HUG#1782386
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