Cypress Development Corp.
Cypress Receives Phase 2 Drilling Permits for Gunman Zinc-Silver Project, Nevada
Cypress Development Corp. / Cypress Development Corp. : Cypress Receives Phase 2 Drilling Permits for Gunman Zinc-Silver Project, Nevada . Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.
TSX-V Trading Symbol: CYP
Email: info@cypressdevelopmentcorp.com
July 31, 2014
Vancouver, BC - Cypress Development Corp. (TSX-V: CYP) (OTC Pink: CYDVF) (Frankfurt: C1Z) is pleased to announce the Company has been advised by the Bureau of Land Management (BLM) Nevada that Cypress' application of a Notice of Intent to conduct a Phase 2 drilling and exploration program at its wholly owned 1140 acre Gunman zinc-silver-gold project in White Pine County, Nevada has been approved.
Southern Carlin Trend location map:
http://www.cypressdevelopmentcorp.com/s/Image.asp?i=Maps/Gunman-43-101 ...
Following a highly successful 2014 Phase 1 exploration and drilling program at the Gunman project (see news release June 12, 2014), Cypress is moving forward with a Phase 2 drill program. The very high grade zinc and silver drill intercepts returned from Phase 1 drilling at the RH Zone, with new exposures of the mineralization, has led to the conclusion that the spectacular oxide mineralization is likely a high grade polymetallic vein and breccia system and represents a very high quality zinc-silver project located in a very favorable geologic environment.
2014 Phase 1 delineation drilling at the RH Zone returned long, continuous intervals of very high grade, near surface oxidized zinc and silver mineralization. Highlights include Hole GMRC-9 which returned a 175 foot down hole interval of 12% zinc and 121 g/t silver and Hole GMRC-5 which retuned a 55 foot interval of 21% zinc and 147 g/t silver.
The Phase 2 program has begun with a detailed surface rock chip sampling program focused on additional, reconnaissance-stage targets at the Gunman project known as the Far South Copper, RH South Zinc, the Far North Zinc Target located approx. 6000 feet north of the RH Zone and the TQCU Copper Target located approx. 300 feet west of the RH Zone with assays on 107 rock chip samples pending.
The 2014 Phase 2 drill program at the RH Zone will consist of approximately 3000 feet of RC drilling at specific zinc and silver oxide targets. Cypress anticipates the drill program to start around
the middle of August.
Gunman Project zone target map:
http://www.cypressdevelopmentcorp.com/s/Image.asp?i=Maps/Phase-1-Rock-
...
The Gunman project is hosted by complex veining and brecciation zones localized along generally north-south trending faults. The total strike length containing mineralized positions along this trend is now approximately 9000 feet.