Welcome!

News Feed Item

Cypress Gunman Zinc-Silver Project Exploration Begins in Nevada

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/22/14 -- Cypress Development Corp. (TSX VENTURE:CYP)(PINKSHEETS:CYDVF)(FRANKFURT:C1Z) ("Cypress" or the "Company") is pleased to announce that the spring 2014 exploration program on its wholly owned Gunman zinc oxide project, Nevada, has now been initiated. The 1140 acre Gunman zinc-silver-gold project is located directly west of Barrick's Bald Mountain gold mine complex on the southern Carlin mineral trend in White Pine County, Nevada.

Southern Carlin Trend location map:

http://www.cypressdevelopmentcorp.com/s/Image.asp?i=Maps/Gunman-43-101.jpg

With the approval of the Bureau of Land Management (BLM) Nevada, Cypress has completed construction of access roads onto the property to allow for unrestricted mobility to the project. The Company is also establishing drill pads at specifically determined sites to allow for the drill contractor to move a Reverse Circulation (RC) drill rig onto the drill pads with relative ease and with a minimum of land disturbance therein facilitating a smooth start to the planned RC drill program announced by Cypress in a news release dated February 3, 1014.

Cypress Development Corp has contracted to New Frontier Drilling of Fallon, Nevada, to complete approximately 3000 feet of RC drilling in a Phase 1 program on the Gunman project. New Frontier will supply a track-mounted Foremost reverse circulation rig capable of drilling vertical holes to 600 foot depths. Cypress anticipates the mobilization of the drill rig and equipment to the Gunman project site shortly, with RC drilling to commence around May 1, 2014. All permits and environmental protocols have been satisfied and Cypress Development anticipates a well organized initial exploration program for the spring of 2014.

A surface sampling program has also been initiated on the newly staked adjacent ground which forms the northern extension of the Gunman property. The Company's senior geologist, Mr. Robert Marvin, has mobilized to the Gunman project and is establishing an exploration grid to facilitate the systematic sampling of rock exposure on the north of the property.

Gunman zinc-silver project, Nevada claims map:

http://www.cypressdevelopmentcorp.com/s/Image.asp?i=Maps/Gunman2014Claims.jpg

Cypress will continue in its exploration efforts to delineate the RH North target area with the potential establishment of a mineralized zone similar to the existing high grade RH zinc-silver oxide discovery zone located approximately 1500 feet to the south in the middle of the property.

2007 Gunman zinc-silver project, Nevada drill map:

http://www.cypressdevelopmentcorp.com/s/Image.asp?i=Maps/CYP_Gunman_2007_Map.jpg

Mineralization at the Gunman project 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 the Battle Mountain gold trends where the NS to NNE alignments of mineralized zones are located in cross cutting structural zones within or adjacent to the main NNW striking trends. The mineralization of the zinc-silver zones on the Gunman is located close to surface. The very high grade of zinc-silver mineralization seen in the RH zone is a compelling reason to continue exploration on the Gunman project.

Past surface sampling and drilling by Cypress on the Gunman property has resulted in the discovery of a series of zones of zinc-silver mineralization over a strike length of 2500 feet. The northern most mineralization known (hole GD-15) on the property was discovered at the end of the most recent drill program in 2007 and this mineralization remains essentially unexplored.

On March 18th, Cypress announced the completion of a National Instrument (NI) 43-101 Compliant Technical Report on the Gunman zinc-silver-gold project. For additional information please refer to the full report filed on SEDAR and on Cypress' web site dated March 17, 2014 and titled: GUNMAN ZINC-SILVER PROJECT NATIONAL INSTRUMENT 43-101 COMPLIANT TECHNICAL REPORT.

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-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
----------------------------------------------------------------------------
GM-25                    150ft     155ft           5ft     6.17%  0.4 oz/ton
----------------------------------------------------------------------------
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-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
----------------------------------------------------------------------------
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
----------------------------------------------------------------------------

(i)oz = troy ounce

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.

In other news, Cypress Development and Skyharbour Resources Ltd. (TSX VENTURE: SYH) announce that they have completed the sale of Skyharbour's 20% interest in the 4,720-acre McKenzie Island gold property in Red Lake, Ontario to Cypress pursuant to the companies news releases dated March 18, 2014. In consideration for the 20% interest, Cypress has paid $25,000 in cash to Skyharbour. Cypress now holds a 100% interest in the McKenzie Island gold property.

Location map of McKenzie Island Red Lake gold property:

http://www.cypressdevelopmentcorp.com/s/Image.asp?i=maps/CYP-Broulan-Reef-New-Map.jpg

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.

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

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
Telephone: 604-687-3376 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
Bill Schmarzo, author of "Big Data: Understanding How Data Powers Big Business" and "Big Data MBA: Driving Business Strategies with Data Science," is responsible for setting the strategy and defining the Big Data service offerings and capabilities for EMC Global Services Big Data Practice. As the CTO for the Big Data Practice, he is responsible for working with organizations to help them identify where and how to start their big data journeys. He's written several white papers, is an avid blogge...
As DevOps methodologies expand their reach across the enterprise, organizations face the daunting challenge of adapting related cloud strategies to ensure optimal alignment, from managing complexity to ensuring proper governance. How can culture, automation, legacy apps and even budget be reexamined to enable this ongoing shift within the modern software factory?
HyperConvergence came to market with the objective of being simple, flexible and to help drive down operating expenses. It reduced the footprint by bundling the compute/storage/network into one box. This brought a new set of challenges as the HyperConverged vendors are very focused on their own proprietary building blocks. If you want to scale in a certain way, let's say you identified a need for more storage and want to add a device that is not sold by the HyperConverged vendor, forget about it...
One of the biggest challenges with adopting a DevOps mentality is: new applications are easily adapted to cloud-native, microservice-based, or containerized architectures - they can be built for them - but old applications need complex refactoring. On the other hand, these new technologies can require relearning or adapting new, oftentimes more complex, methodologies and tools to be ready for production. In his general session at @DevOpsSummit at 20th Cloud Expo, Chris Brown, Solutions Marketi...
At the keynote this morning we spoke about the value proposition of Nutanix, of having a DevOps culture and a mindset, and the business outcomes of achieving agility and scale, which everybody here is trying to accomplish," noted Mark Lavi, DevOps Solution Architect at Nutanix, in this SYS-CON.tv interview at @DevOpsSummit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Historically, some banking activities such as trading have been relying heavily on analytics and cutting edge algorithmic tools. The coming of age of powerful data analytics solutions combined with the development of intelligent algorithms have created new opportunities for financial institutions. In his session at 20th Cloud Expo, Sebastien Meunier, Head of Digital for North America at Chappuis Halder & Co., discussed how these tools can be leveraged to develop a lasting competitive advantage ...
In his session at 21st Cloud Expo, James Henry, Co-CEO/CTO of Calgary Scientific Inc., introduced you to the challenges, solutions and benefits of training AI systems to solve visual problems with an emphasis on improving AIs with continuous training in the field. He explored applications in several industries and discussed technologies that allow the deployment of advanced visualization solutions to the cloud.
Most companies are adopting or evaluating container technology - Docker in particular - to speed up application deployment, drive down cost, ease management and make application delivery more flexible overall. As with most new architectures, this dream takes a lot of work to become a reality. Even when you do get your application componentized enough and packaged properly, there are still challenges for DevOps teams to making the shift to continuous delivery and achieving that reduction in cost ...
As you move to the cloud, your network should be efficient, secure, and easy to manage. An enterprise adopting a hybrid or public cloud needs systems and tools that provide: Agility: ability to deliver applications and services faster, even in complex hybrid environments Easier manageability: enable reliable connectivity with complete oversight as the data center network evolves Greater efficiency: eliminate wasted effort while reducing errors and optimize asset utilization Security: implemen...
From 2013, NTT Communications has been providing cPaaS service, SkyWay. Its customer’s expectations for leveraging WebRTC technology are not only typical real-time communication use cases such as Web conference, remote education, but also IoT use cases such as remote camera monitoring, smart-glass, and robotic. Because of this, NTT Communications has numerous IoT business use-cases that its customers are developing on top of PaaS. WebRTC will lead IoT businesses to be more innovative and address...
Charles Araujo is an industry analyst, internationally recognized authority on the Digital Enterprise and author of The Quantum Age of IT: Why Everything You Know About IT is About to Change. As Principal Analyst with Intellyx, he writes, speaks and advises organizations on how to navigate through this time of disruption. He is also the founder of The Institute for Digital Transformation and a sought after keynote speaker. He has been a regular contributor to both InformationWeek and CIO Insight...
In this presentation, you will learn first hand what works and what doesn't while architecting and deploying OpenStack. Some of the topics will include:- best practices for creating repeatable deployments of OpenStack- multi-site considerations- how to customize OpenStack to integrate with your existing systems and security best practices.
Your homes and cars can be automated and self-serviced. Why can't your storage? From simply asking questions to analyze and troubleshoot your infrastructure, to provisioning storage with snapshots, recovery and replication, your wildest sci-fi dream has come true. In his session at @DevOpsSummit at 20th Cloud Expo, Dan Florea, Director of Product Management at Tintri, provided a ChatOps demo where you can talk to your storage and manage it from anywhere, through Slack and similar services with...
Evan Kirstel is an internationally recognized thought leader and social media influencer in IoT (#1 in 2017), Cloud, Data Security (2016), Health Tech (#9 in 2017), Digital Health (#6 in 2016), B2B Marketing (#5 in 2015), AI, Smart Home, Digital (2017), IIoT (#1 in 2017) and Telecom/Wireless/5G. His connections are a "Who's Who" in these technologies, He is in the top 10 most mentioned/re-tweeted by CMOs and CIOs (2016) and have been recently named 5th most influential B2B marketeer in the US. H...
Gemini is Yahoo’s native and search advertising platform. To ensure the quality of a complex distributed system that spans multiple products and components and across various desktop websites and mobile app and web experiences – both Yahoo owned and operated and third-party syndication (supply), with complex interaction with more than a billion users and numerous advertisers globally (demand) – it becomes imperative to automate a set of end-to-end tests 24x7 to detect bugs and regression. In th...