Welcome!

News Feed Item

Cypress Completes NI 43-101 Technical Report on Gunman Zinc-Silver Project, Nevada

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 03/18/14 -- Cypress Development Corp. (TSX VENTURE: CYP)(PINKSHEETS: CYDVF)(FRANKFURT: C1Z) is pleased to announce the completion of a National Instrument (NI) 43-101 Compliant Technical Report on the Company's wholly owned 1140 acre Gunman zinc-silver-gold project located directly west of Barrick's Bald Mountain gold mine complex on the southern Carlin mineral trend in White Pine County, Nevada.

Cypress Development's Gunman project is well located on the southern extent of the Carlin Trend and contains zones of carbonate replacement style, high grade zinc and silver oxide mineralization. Cypress intends to extend this type of mineralization along strike while also closely monitoring gold and trace element data. A planned 2014 Phase 1 drill program is expected to commence this spring.

Gunman zinc-silver project location map:

http://www.cypressdevelopmentcorp.com/s/Image.asp?i=Maps/nevada.gif

SUMMARY OF GUNMAN ZINC-SILVER PROJECT NATIONAL INSTRUMENT 43-101 COMPLIANT TECHNICAL REPORT

Cypress Development prepared this Technical Report detailing base metal and precious metal exploration results on its 100% owned Gunman project.

Surface sampling and past drilling on the property by Cypress has resulted in the discovery of a series of zones of zinc and silver mineralization over a strike length of approximately 2500 feet. The northern most mineralization known on the property was discovered at the end of the most recent drill program in 2007 and this mineralization remains essentially unexplored.

The mineralization at Gunman appears to be of carbonate replacement style with central zones of massive mineralization being flanked by halos of partial replacement and veining. The replacements are now very strongly oxidized within 400 feet of surface. Sulfide mineralization, sphalerite, pyrite and argentite, is seen at the base of the oxidized portion of the high grade zones.

The high grade Gunman RH Zone lies in the central portion of the 2500 foot strike length of known mineralization. Mineralization within the RH Zone is spectacular for its zinc and silver grade, for the down hole interval length of the very high grade mineralization and for the continuous nature of zinc grades in excess of 5% accompanied by multi ounce silver values. The mineralization is also located close to surface.

Very impressive oxide zinc and silver mineralization was found in reverse circulation drilling of the RH Zone in several holes including hole GM-26 in August of 2000. The interval in GM-26 from 40 to 250 feet down hole, a 210 foot interval, including lower grade upper and lower contact zones, grades 13.1% zinc and 4 oz/t silver. This interval includes a 165 foot interval from 50 feet down hole to 215 feet down hole that assayed 16.6% zinc and 5 oz/t silver.

Mineralization at Gunman 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 Battle Mountain gold trends where north-south to NNE alignments of mineralization and ore zones are located in cross cutting structural zones within or adjacent to the main NNW striking trends.

The complex carbonate and calcareous clastic sediments that host the known mineralization lie in the east limb of a north striking syncline. This rock package dips steeply west into the nose of the syncline located in the western portion of the property. The syncline is cut by a series of well-developed N-S trending fault-fracture zones that appear to control the position of mineralization. Fracturing along the axis of the syncline is covered by the Cypress claim block but has not been explored by drilling to date and represents one of the high quality exploration targets on the property.

The very high grade of zinc and silver mineralization in the RH Zone is a compelling reason to continue exploration on the Gunman property. Five main exploration targets have been identified and exploration recommendations are made for each of them in this report. The five targets are:

1.  North RH Zone. Hole GD-15 intersected multiple zones of zinc-silver
    mineralization in a position approximately 1300 feet north of the RH
    Zone. The grade of the mineralization in the hole is from 0.5 to 2.0%
    zinc and has accompanying silver mineralization in the 5 to 15 ppm
    range. This low grade mineralization is very similar to that seen on
    both the east and west flanks of the RH Zone. 1200 feet of RC drilling
    in a position north and east of GD-15 is recommended.

2.  Confirmation drilling of the high grade RH Zone is recommended in order
    to provide high quality data for a resource estimation and to obtain
    large samples of mineralization for metal recovery studies.
    Approximately 1000 feet of RC drilling is needed.

3.  Down-dip exploration of the east limb of the syncline. No systematic
    exploration of the deeper extensions of the RH Zone has been done. It is
    recommended that an east-west fence of holes be completed into the
    footwall carbonaceous shale which underlies the known mineralization at
    the RH Zone. A total of 1800 feet of RC drilling is recommended.

4.  Syncline axis exploration west of the RH Zone. Surface mapping and
    analysis of detailed DEM and satellite imagery indicate that the axis of
    the syncline at Gunman is strongly fractured. No drilling of the axis of
    the fold has been done. Drill testing of the target in a position down-
    dip of the RH Zone would require two holes totalling 1400 feet.

5.  Surface sampling of carbonate rubble crop in the far north portion of
    the property, the Far North Target Area is strongly recommended as
    preliminary observations made during the staking of the north extension
    claims indicate that abundant altered carbonate rock rubble crop or near
    source float is present in a position roughly on strike with the known
    mineralization to the south. Identification of significant Zn or Ag
    mineralization in the north portion of the property would immediately
    increase the scope of the project.

A phased approach to the recommended work is the most efficient way to proceed. Phase 1 would include items 1 and 2 above, the very important exploration drilling around RH North discovery hole GD-15 and the confirmation drilling of the RH Zone. This would amount to the drilling of 8 - 10 holes and a total of 2200 feet of R-C drilling. The phase 1 program should also include surface sampling in the Far North Target Area as this area has the potential to materially change the scope of the project at a very modest cost.

The drilling of the down dip RH target and the syncline axis fracture zone target along with follow-up and further extension drilling at RH North is recommended to form the core exploration work of a Phase 2 program. Drilling of any high quality targets that could result from the Phase 1 surface sampling at the Far North Target area could also be added to Phase 2. Priorities will be identified based on Phase 1 results. The Phase 2 program would entail approximately 4000 feet of R-C 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

For additional documentation of the data used in the Technical Report please refer to the full report filed on SEDAR and on Cypress' web site dated March 13, 2014 and titled: GUNMAN ZINC-SILVER PROJECT NATIONAL INSTRUMENT 43-101 COMPLIANT TECHNICAL REPORT.

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.

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.

Contacts:
Cypress Development Corp.
Don Myers
Director
604-687-3376 or Toll Free: 800-567-8181
604-687-3119 (FAX)
[email protected]
www.cypressdevelopmentcorp.com

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
Your job is mostly boring. Many of the IT operations tasks you perform on a day-to-day basis are repetitive and dull. Utilizing automation can improve your work life, automating away the drudgery and embracing the passion for technology that got you started in the first place. In this presentation, I'll talk about what automation is, and how to approach implementing it in the context of IT Operations. Ned will discuss keys to success in the long term and include practical real-world examples. Ge...
The challenges of aggregating data from consumer-oriented devices, such as wearable technologies and smart thermostats, are fairly well-understood. However, there are a new set of challenges for IoT devices that generate megabytes or gigabytes of data per second. Certainly, the infrastructure will have to change, as those volumes of data will likely overwhelm the available bandwidth for aggregating the data into a central repository. Ochandarena discusses a whole new way to think about your next...
So the dumpster is on fire. Again. The site's down. Your boss's face is an ever-deepening purple. And you begin debating whether you should join the #incident channel or call an ambulance to deal with his impending stroke. Yes, we know this is a developer's fault. There's plenty of time for blame later. Postmortems have a macabre name because they were once intended to be Viking-like funerals for someone's job. But we're civilized now. Sort of. So we call them post-incident reviews. Fires are ne...
Whenever a new technology hits the high points of hype, everyone starts talking about it like it will solve all their business problems. Blockchain is one of those technologies. According to Gartner's latest report on the hype cycle of emerging technologies, blockchain has just passed the peak of their hype cycle curve. If you read the news articles about it, one would think it has taken over the technology world. No disruptive technology is without its challenges and potential impediments t...
Hackers took three days to identify and exploit a known vulnerability in Equifax’s web applications. I will share new data that reveals why three days (at most) is the new normal for DevSecOps teams to move new business /security requirements from design into production. This session aims to enlighten DevOps teams, security and development professionals by sharing results from the 4th annual State of the Software Supply Chain Report -- a blend of public and proprietary data with expert researc...
CloudEXPO New York 2018, colocated with DevOpsSUMMIT and DXWorldEXPO New York 2018 will be held November 12-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI and Machine Learning to one location.
DXWorldEXPO LLC announced today that Nutanix has been named "Platinum Sponsor" of CloudEXPO | DevOpsSUMMIT | DXWorldEXPO New York, which will take place November 12-13, 2018 in New York City. Nutanix makes infrastructure invisible, elevating IT to focus on the applications and services that power their business. The Nutanix Enterprise Cloud Platform blends web-scale engineering and consumer-grade design to natively converge server, storage, virtualization and networking into a resilient, softwar...
CloudEXPO | DevOpsSUMMIT | DXWorldEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
The digital transformation is real! To adapt, IT professionals need to transform their own skillset to become more multi-dimensional by gaining both depth and breadth of a wide variety of knowledge and competencies. Historically, while IT has been built on a foundation of specialty (or "I" shaped) silos, the DevOps principle of "shifting left" is opening up opportunities for developers, operational staff, security and others to grow their skills portfolio, advance their careers and become "T"-sh...
Lori MacVittie is a subject matter expert on emerging technology responsible for outbound evangelism across F5's entire product suite. MacVittie has extensive development and technical architecture experience in both high-tech and enterprise organizations, in addition to network and systems administration expertise. Prior to joining F5, MacVittie was an award-winning technology editor at Network Computing Magazine where she evaluated and tested application-focused technologies including app secu...
DXWorldEXPO LLC announced today that Big Data Federation to Exhibit at the 22nd International CloudEXPO, colocated with DevOpsSUMMIT and DXWorldEXPO, November 12-13, 2018 in New York City. Big Data Federation, Inc. develops and applies artificial intelligence to predict financial and economic events that matter. The company uncovers patterns and precise drivers of performance and outcomes with the aid of machine-learning algorithms, big data, and fundamental analysis. Their products are deployed...
ICC is a computer systems integrator and server manufacturing company focused on developing products and product appliances to meet a wide range of computational needs for many industries. Their solutions provide benefits across many environments, such as datacenter deployment, HPC, workstations, storage networks and standalone server installations. ICC has been in business for over 23 years and their phenomenal range of clients include multinational corporations, universities, and small busines...
This sixteen (16) hour course provides an introduction to DevOps, the cultural and professional movement that stresses communication, collaboration, integration and automation in order to improve the flow of work between software developers and IT operations professionals. Improved workflows will result in an improved ability to design, develop, deploy and operate software and services faster.
Headquartered in Plainsboro, NJ, Synametrics Technologies has provided IT professionals and computer systems developers since 1997. Based on the success of their initial product offerings (WinSQL and DeltaCopy), the company continues to create and hone innovative products that help its customers get more from their computer applications, databases and infrastructure. To date, over one million users around the world have chosen Synametrics solutions to help power their accelerated business or per...
All in Mobile is a place where we continually maximize their impact by fostering understanding, empathy, insights, creativity and joy. They believe that a truly useful and desirable mobile app doesn't need the brightest idea or the most advanced technology. A great product begins with understanding people. It's easy to think that customers will love your app, but can you justify it? They make sure your final app is something that users truly want and need. The only way to do this is by ...