Welcome!

News Feed Item

Cypress Drilling at Gunman Zinc-Silver Project, Nevada to Commence in April, Additional Claims Staked

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 02/03/14 -- Cypress Development Corp. (TSX VENTURE:CYP) (PINKSHEETS:CYDVF) (FRANKFURT:C1Z) is pleased to announce it has commissioned an independent NI 43-101 Technical Report and has staked an additional 27 claims on strike to the immediate north and south of the Company's wholly owned Gunman zinc-silver project located on a well-developed N-S structural zone linking between the Carlin and Battle Mountain mineral trends. The property sits directly west of Barrick's Bald Mountain gold mine complex in White Pine County, Nevada.

Gunman zinc-silver project location map: http://www.cypressdevelopmentcorp.com/s/Image.asp?i=Maps/nevada.gif.

With the majority of past drilling on the Gunman project predating National Instrument (NI) 43-101 (Standards of Disclosure for Mineral Projects), Cypress has commissioned Riverbend Geological Services of Beausejour, Manitoba to complete an independent NI 43-101 Technical Report. The Technical Report and recommendations will be used by Cypress in the planning of a RC drill program in order to complete an independent NI 43-101 Compliant Resource Estimate on the Gunman RH Zone. The Company anticipates that this drill program will commence in early April.

A strike length of approximately 2 miles (south to north) has been staked to allow Cypress to effectively explore for additional high grade zinc-silver oxide and sulphide mineralization along the contact of Permian age carbonate-clastic units and recent gravels created by a range front normal fault. The mineralized carbonate unit at the Gunman project is localized within the east limb of a fault bounded syncline. The shallow mineralization consists of very high grade zinc-silver oxides and local sulphides along with arsenic, gold and mercury mineralization within karsted and strongly oxidized, Permian age silty limestone host rocks. The dominant surface expression of the known zone is a series of jasperiod outcrops and subcrops. These jasperiods are anomalous in zinc-silver-arsenic-gold-antimony and mercury.

Gunman Zinc-Silver Project Claims Map: http://www.cypressdevelopmentcorp.com/s/Image.asp?i=Maps/Gunman2014Claims.jpg.

Previously reported assays from Cypress drilling in 2000 (see news releases June 12th, July 25th, November 7th, 15th, 27th, 2000) include zinc values in the 5% to plus 30% range with silver values of 10ppm to plus 200ppm (up to 8 ounce/ton silver). Gold values over .033 ounce/ton occur locally within mineralized zones. Only a small percentage of the known and interpreted extent of the shallow sandy limestone zinc-silver host has been explored by RC and diamond drilling.

Significant zinc and silver assays previously reported by Cypress from the Gunman project include:


----------------------------------------------------------------------------
Hole ID             From         To   Intersection         Zn             Ag
----------------------------------------------------------------------------
GM-26                0ft      250ft          250ft      11.04%    2.6 oz/ton
----------------------------------------------------------------------------
Incl.              130ft      205ft           75ft      26.88%    7.7 oz/ton
----------------------------------------------------------------------------
Incl.              175ft      180ft            5ft      33.45%   15.1 oz/ton
----------------------------------------------------------------------------
Incl.              190ft      200ft           10ft      29.34%   12.9 oz/ton
----------------------------------------------------------------------------
GM-32               50ft      170ft          120ft       9.10%    1.5 oz/ton
----------------------------------------------------------------------------
Incl.               75ft      130ft           55ft      16.51%    2.3 oz/ton
----------------------------------------------------------------------------
Incl.              100ft      125ft           25ft      22.63%    1.9 oz/ton
----------------------------------------------------------------------------
GM-09              120ft      345ft          225ft       4.01%    0.9 oz/ton
----------------------------------------------------------------------------
Incl.              175ft      190ft           15ft      14.67%    2.4 oz/ton
----------------------------------------------------------------------------
Incl.              245ft      260ft           15ft      11.98%    1.9 oz/ton
----------------------------------------------------------------------------

Other significant zinc and silver assays previously reported by Cypress from the Gunman project include:


----------------------------------------------------------------------------
Hole ID              From         To Intersection          Zn             Ag
----------------------------------------------------------------------------
GM-01               115ft      215ft        100ft        4.91%    1.0 oz/ton
----------------------------------------------------------------------------
Incl.               165ft      185ft         20ft       19.62%    3.5 oz/ton
----------------------------------------------------------------------------
and                 355ft      385ft         30ft       10.03%    3.9 oz/ton
----------------------------------------------------------------------------
Incl.               355ft      365ft         10ft       23.37%    9.2 oz/ton
----------------------------------------------------------------------------
GM-07                70ft      205ft        135ft        6.98%    1.3 oz/ton
----------------------------------------------------------------------------
Incl.               115ft      150ft         35ft       14.73%    2.5 oz/ton
----------------------------------------------------------------------------
Incl.               185ft      195ft         10ft       21.68%    3.1 oz/ton
----------------------------------------------------------------------------
GM-08               130ft      250ft        120ft        2.69%    1.5 oz/ton
----------------------------------------------------------------------------
Incl.               185ft      205ft         20ft       12.61%    3.8 oz/ton
----------------------------------------------------------------------------
GM-24                60ft      110ft         50ft        6.32%    1.2 oz/ton
----------------------------------------------------------------------------
Incl.                65ft       80ft         15ft       16.76%    1.9 oz/ton
----------------------------------------------------------------------------
GM-25               150ft      155ft          5ft        6.17%    0.4 oz/ton
----------------------------------------------------------------------------
GM-27                 0ft      250ft        250ft        2.81%    0.5 oz/ton
----------------------------------------------------------------------------
Incl.               185ft      200ft         15ft       14.36%    2.3 oz/ton
----------------------------------------------------------------------------
Incl.               195ft      200ft          5ft       28.53%    2.7 oz/ton
----------------------------------------------------------------------------
GM-28                 0ft      210ft        210ft        8.12%    1.3 oz/ton
----------------------------------------------------------------------------
Incl.                85ft      175ft         90ft       14.18%    2.5 oz/ton
----------------------------------------------------------------------------
Incl.               135ft      170ft         35ft       20.93%    3.1 oz/ton
----------------------------------------------------------------------------
GM-29                 0ft      270ft        270ft        2.45%    0.6 oz/ton
----------------------------------------------------------------------------
Incl.                40ft       65ft         25ft       10.30%    1.6 oz/ton
----------------------------------------------------------------------------
Incl.               140ft      160ft         20ft        9.07%    1.6 oz/ton
----------------------------------------------------------------------------
GM-30                30ft       65ft         35ft        5.01%    0.7 oz/ton
----------------------------------------------------------------------------
Incl.                35ft       50ft         15ft       11.17%    1.3 oz/ton
----------------------------------------------------------------------------
GM-31                40ft       85ft         45ft        3.50%    0.6 oz/ton
----------------------------------------------------------------------------
Incl.                45ft       55ft         10ft       13.60%    1.7 oz/ton
----------------------------------------------------------------------------

(i) oz = troy ounce

Don Huston, President of Cypress previously commented: "The Gunman project is a high-quality asset in Cypress' portfolio with significant upside exploration potential. Three RC drill programs totaling approx. 38,000 feet have been completed by the Company on the project with significant grades between 5% to 33% zinc and 0.5 to 15.0 oz per ton silver over considerable widths encountered. There is a bullish outlook for the zinc market due to ongoing demand growth and an impending supply shortage coincident with the closures of numerous major mines globally. More than 2 million tons of required new zinc supply is forecasted by 2016 yet there are very few new zinc mines in the development pipeline. We believe there will be strong upward pressure on the price of the commodity and the high grade, shallow Gunman zinc-silver project offers Cypress and its shareholders leveraged exposure to this potential price increase."

A recompilation of all previous historic data on the Gunman project is currently underway.

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.

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.

To find out more about Cypress Development Corp. (TSX VENTURE: CYP), visit our website at www.cypressdevelopmentcorp.com.

ON BEHALF OF THE BOARD OF DIRECTORS

DONALD C. HUSTON, President

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.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
The IoTs will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm and share the must-have mindsets for removing complexity from the development proc...
In his session at @ThingsExpo, Chris Klein, CEO and Co-founder of Rachio, will discuss next generation communities that are using IoT to create more sustainable, intelligent communities. One example is Sterling Ranch, a 10,000 home development that – with the help of Siemens – will integrate IoT technology into the community to provide residents with energy and water savings as well as intelligent security. Everything from stop lights to sprinkler systems to building infrastructures will run ef...
SYS-CON Events announced today that Ericsson has been named “Gold Sponsor” of SYS-CON's @ThingsExpo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. Ericsson is a world leader in the rapidly changing environment of communications technology – providing equipment, software and services to enable transformation through mobility. Some 40 percent of global mobile traffic runs through networks we have supplied. More than 1 billion subscribers around the world re...
Increasing IoT connectivity is forcing enterprises to find elegant solutions to organize and visualize all incoming data from these connected devices with re-configurable dashboard widgets to effectively allow rapid decision-making for everything from immediate actions in tactical situations to strategic analysis and reporting. In his session at 18th Cloud Expo, Shikhir Singh, Senior Developer Relations Manager at Sencha, will discuss how to create HTML5 dashboards that interact with IoT devic...
Artificial Intelligence has the potential to massively disrupt IoT. In his session at 18th Cloud Expo, AJ Abdallat, CEO of Beyond AI, will discuss what the five main drivers are in Artificial Intelligence that could shape the future of the Internet of Things. AJ Abdallat is CEO of Beyond AI. He has over 20 years of management experience in the fields of artificial intelligence, sensors, instruments, devices and software for telecommunications, life sciences, environmental monitoring, process...
Internap Corporation has expanded its OpenStack-based bare-metal Infrastructure-as-a-Service offering, AgileSERVER 2.0, to its data centers in Amsterdam, Dallas and Santa Clara, Calif. Launched in 2015 out of Internap’s New York Metro data center in Secaucus, N.J., AgileSERVER 2.0 is now available in four locations globally, enabling enterprises and devops teams running mission-critical applications and big data workloads to build scale-out infrastructure environments that are higher performing ...
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
Much of the value of DevOps comes from a (renewed) focus on measurement, sharing, and continuous feedback loops. In increasingly complex DevOps workflows and environments, and especially in larger, regulated, or more crystallized organizations, these core concepts become even more critical. In his session at @DevOpsSummit at 18th Cloud Expo, Andi Mann, Chief Technology Advocate at Splunk, will show how, by focusing on 'metrics that matter,' you can provide objective, transparent, and meaningfu...
Struggling to keep up with increasing application demand? Learn how Platform as a Service (PaaS) can streamline application development processes and make resource management easy.
If there is anything we have learned by now, is that every business paves their own unique path for releasing software- every pipeline, implementation and practices are a bit different, and DevOps comes in all shapes and sizes. Software delivery practices are often comprised of set of several complementing (or even competing) methodologies – such as leveraging Agile, DevOps and even a mix of ITIL, to create the combination that’s most suitable for your organization and that maximize your busines...
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus inter...
In the world of DevOps there are ‘known good practices’ – aka ‘patterns’ – and ‘known bad practices’ – aka ‘anti-patterns.' Many of these patterns and anti-patterns have been developed from real world experience, especially by the early adopters of DevOps theory; but many are more feasible in theory than in practice, especially for more recent entrants to the DevOps scene. In this power panel at @DevOpsSummit at 18th Cloud Expo, moderated by DevOps Conference Chair Andi Mann, panelists will dis...
Up until last year, enterprises that were looking into cloud services usually undertook a long-term pilot with one of the large cloud providers, running test and dev workloads in the cloud. With cloud’s transition to mainstream adoption in 2015, and with enterprises migrating more and more workloads into the cloud and in between public and private environments, the single-provider approach must be revisited. In his session at 18th Cloud Expo, Yoav Mor, multi-cloud solution evangelist at Cloudy...
See storage differently! Storage performance problems have only gotten worse and harder to solve as applications have become largely virtualized and moved to a cloud-based infrastructure. Storage performance in a virtualized environment is not just about IOPS, it is about how well that potential performance is guaranteed to individual VMs for these apps as the number of VMs keep going up real time. In his session at 18th Cloud Expo, Dhiraj Sehgal, in product and marketing at Tintri, will discu...
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, will provide tips on how to be successful in large scale machine lear...