You have to hand it to them, the timing of Golden Independence Mining (CSE: IGLD, OTCQB:GIDMF, FRA:6NN) announcing their maiden resource estimate (MRE) on their Independence project in Nevada is pretty good, as precious metals sentiment becomes increasingly more positive, and other assets like bitcoin just seemed to have bowed out as a serious alternative, after getting into a tailspin of epic proportions, losing over 25% of value in one day.
Although gold has to battle higher interest rates, a stronger dollar and Bitcoin beating all time highs as I am writing this, Golden Independence Mining (CSE: IGLD, OTCQB:GIDMF, FRA:6NN) doesn’t appear to get fazed, and apparently has no trouble raising cash.
There are lots and lots of interesting gold projects to be found in Nevada these days, and most of them are in the hands of large entities like Nevada Gold Mines, Kinross, Coeur, Waterton etc. Once in a while, much smaller parties manage to dig up interesting projects, and one of those is optioned by tiny junior Golden Independence Mining (CSE: IGLD, OTCQB:GIDMF, FRA:6NN).
After closing an oversubscribed private placement of C$2.01M @C$0.22, Cypress Development (TSXV: CYP; OTC: CYDVF; FRA: C1Z1) is sufficiently cashed up to proceed towards a Pre Feasibility Study (PFS) on their Clayton Valley Lithium project in Nevada, which is scheduled for Q1 2019.
Despite negative sentiment in commodities and especially lithium of late, Cypress Development (TSXV: CYP; OTC: CYDVF; FRA: C1Z1) keeps delivering the goods at their Clayton Valley Lithium project in Nevada at high speed. A Preliminary Economic Assessment (PEA) was announced at September 6, 2018, and the resulting economics were impressive.
This article was published first on www.criticalinvestor.eu, a platform for junior mining
Some juniors can be agonizingly slow on following up to their self-imposed timelines and ability to deliver results, however there are exceptions to the contrary. Cypress Development (TSXV: CYP; OTC: CYDVF; FRA: C1Z1) is proceeding at breathtaking pace, going from their first drill hole at their Dean claystone lithium project in Nevada, US to the very recent announcement of a maiden resource estimate on both Dean and Glory projects in just over a year.
Fiore Gold (F.V) has progressed its Pan Mine in Nevada, US in a very steady fashion, on time and on budget. Exploration for additional resources (and hopefully years of mine life as well) has been successful so far, and a new COO has been hired.
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.