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.

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
In his session at @DevOpsSummit at 20th Cloud Expo, Kelly Looney, director of DevOps consulting for Skytap, showed how an incremental approach to introducing containers into complex, distributed applications results in modernization with less risk and more reward. He also shared the story of how Skytap used Docker to get out of the business of managing infrastructure, and into the business of delivering innovation and business value. Attendees learned how up-front planning allows for a clean sep...
Blockchain is a shared, secure record of exchange that establishes trust, accountability and transparency across supply chain networks. Supported by the Linux Foundation's open source, open-standards based Hyperledger Project, Blockchain has the potential to improve regulatory compliance, reduce cost and time for product recall as well as advance trade. Are you curious about Blockchain and how it can provide you with new opportunities for innovation and growth? In her session at 20th Cloud Exp...
IoT is at the core or many Digital Transformation initiatives with the goal of re-inventing a company's business model. We all agree that collecting relevant IoT data will result in massive amounts of data needing to be stored. However, with the rapid development of IoT devices and ongoing business model transformation, we are not able to predict the volume and growth of IoT data. And with the lack of IoT history, traditional methods of IT and infrastructure planning based on the past do not app...
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. Jack Norris reviews best practices to show how companies develop, deploy, and dynamically update these applications and how this data-first...
Intelligent Automation is now one of the key business imperatives for CIOs and CISOs impacting all areas of business today. In his session at 21st Cloud Expo, Brian Boeggeman, VP Alliances & Partnerships at Ayehu, will talk about how business value is created and delivered through intelligent automation to today’s enterprises. The open ecosystem platform approach toward Intelligent Automation that Ayehu delivers to the market is core to enabling the creation of the self-driving enterprise.
"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.
In IT, we sometimes coin terms for things before we know exactly what they are and how they’ll be used. The resulting terms may capture a common set of aspirations and goals – as “cloud” did broadly for on-demand, self-service, and flexible computing. But such a term can also lump together diverse and even competing practices, technologies, and priorities to the point where important distinctions are glossed over and lost.
Internet-of-Things discussions can end up either going down the consumer gadget rabbit hole or focused on the sort of data logging that industrial manufacturers have been doing forever. However, in fact, companies today are already using IoT data both to optimize their operational technology and to improve the experience of customer interactions in novel ways. In his session at @ThingsExpo, Gordon Haff, Red Hat Technology Evangelist, shared examples from a wide range of industries – including en...
"We're here to tell the world about our cloud-scale infrastructure that we have at Juniper combined with the world-class security that we put into the cloud," explained Lisa Guess, VP of Systems Engineering at Juniper Networks, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Enterprise architects are increasingly adopting multi-cloud strategies as they seek to utilize existing data center assets, leverage the advantages of cloud computing and avoid cloud vendor lock-in. This requires a globally aware traffic management strategy that can monitor infrastructure health across data centers and end-user experience globally, while responding to control changes and system specification at the speed of today’s DevOps teams. In his session at 20th Cloud Expo, Josh Gray, Chie...
Consumers increasingly expect their electronic "things" to be connected to smart phones, tablets and the Internet. When that thing happens to be a medical device, the risks and benefits of connectivity must be carefully weighed. Once the decision is made that connecting the device is beneficial, medical device manufacturers must design their products to maintain patient safety and prevent compromised personal health information in the face of cybersecurity threats. In his session at @ThingsExpo...
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
"We're a cybersecurity firm that specializes in engineering security solutions both at the software and hardware level. Security cannot be an after-the-fact afterthought, which is what it's become," stated Richard Blech, Chief Executive Officer at Secure Channels, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
In his session at 20th Cloud Expo, Mike Johnston, an infrastructure engineer at Supergiant.io, discussed how to use Kubernetes to set up a SaaS infrastructure for your business. Mike Johnston is an infrastructure engineer at Supergiant.io with over 12 years of experience designing, deploying, and maintaining server and workstation infrastructure at all scales. He has experience with brick and mortar data centers as well as cloud providers like Digital Ocean, Amazon Web Services, and Rackspace. H...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.