Cypress Development

Cypress Development Closing In On A World Class Sized Resource For Its Dean/Glory Lithium Project

Drilling at Dean claystone project; Clayton Valley, Nevada

After completing their drill program, Cypress Development (TSXV: CYP; OTC: CYDVF; FRA: C1Z1) is on track to deliver the maiden resource estimate for the Dean and Glory projects before the end of this month. The latest results, published on April 3, 2018, provided very strong showings for the northern part of the Glory project, likely adding more tonnage than expected here.  Intercepts included an intersection of 97 meters averaging 1,144 ppm Li in the final hole, GCH-6, along with intersections of 122.4 meters averaging 977 ppm Li in DCH-17 and 129.5 meters averaging 767 ppm Li in GCH-5. All three holes show consistency in encountered Li grade with the  previous 20 holes drilled on the Dean and Glory properties.

Below is a map of the drill collar locations for both Dean and Glory:

Cypress Development Keeps Hitting Mineralization At Dean/Glory; Maiden Resource Estimate Expected To Be Significant

Dean claystone project; drilling Oct 2017

Cypress Development (CYP.V) seems to have a relatively easy job so far, as all completed drill holes returned thick mineralized intercepts, both on the Dean and Glory projects. Results for the Dean project consisted of two remaining assays: 106.7m @1134ppm Li for DCH-13, which is one of the best holes so far, and 75.7m @733ppm Li for DCH-14. The first hole also generated dark green to black ash-rich mudstone, starting at around 50m depth, just like a few other, earlier holes did in the 2017 program on Dean. On DCH-13, the lithium grade increased at depth.

Cypress Development: Positive Drill Results Confirm Large Scale Potential For Dean Lithium Project

Dean claystone project; Clayton Valley, Nevada

Things seem to go as planned for Cypress Development (CYP.V), as the first three holes drilled on the Dean project returned very solid intercepts, as part of the Stage 2 fall program. Results ranged from 102.7m @1029ppm Li for hole DCH-11 to 62.8m @677ppm Li for DCH-12. This last hole generated dark green to black ash-rich mudstone at a depth of 53.4m. Management hasn't seen this before, and assumes that this type of claystone doesn't differ a lot recovery-wise, and just has a different color, but has to sample and test this first of course to be sure. This is a table of the last results:

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