Welcome!

News Feed Item

Cypress Completes Phase 1 Drill Program at Gunman Zinc-Silver Project in Nevada

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/27/14 -- Cypress Development Corp. (TSX VENTURE:CYP)(PINKSHEETS:CYDVF)(FRANKFURT:C1Z) ("Cypress" or the "Company") is pleased to announce that the Phase 1 2014 drill program at its wholly owned Gunman zinc-silver oxide project, Nevada, has been completed with all assays pending. 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.

Three previous Reverse Circulation (RC) drill programs totaling approximately 38,000 feet have been completed by Cypress on the Gunman project with significant grades between 5% to 33% zinc and 0.5 to 15.0 oz per ton silver encountered in the RH Zone.

Gunman Project Southern Carlin Trend location map: www.cypressdevelopmentcorp.com/s/Image.asp?i=Maps/Gunman-43-101.jpg

Cypress carried out a thirteen hole 2014 Phase 1 RC drill program at its Gunman poly metallic property in White Pine County, Nevada. The thirteen holes totaled 3,540 feet and were targeted at three areas of the central portion of the property. Additional work completed during Phase 1 includes the initiation of a detailed stratigraphic study in the central portion of the property and prospecting in the far north exploration area, located 5000 feet north of the central portion of the property.

2014 Gunman RC Drill Hole Location Map: www.cypressdevelopmentcorp.com/s/Image.asp?i=Maps/Gunman-May-2014-RC-Plan-Map.jpg

Main RH Zone Area

Seven holes were drilled into the known, well developed oxide zinc and silver mineralization at the RH Zone. These holes were completed to provide confirmation assays in order to complete an independent NI 43-101 Compliant Resource Estimate and for the opportunity to collect additional data on the style of mineralization at the RH Zone. The holes drilled into the western portion of the RH Zone intersected the distinctive poly lithic, rounded grain sandstone which is known from outcrop along the western margin of the RH Zone. Below this clastic marker unit, a well fractured, brecciated and stock work veined dolomite unit is encountered. Well-developed gossanous zones were logged from near surface to an approximate depth of 220 feet. Carbonaceous dolomite was intersected at depth in all the RH Zone area holes.

Bedrock exposures created during construction of the RH Zone area drill pads have provided valuable, detailed data on the style of mineralization in the near surface portion of the RH Zone. Gossanous boxworks form irregular bands through the exposed, highly brecciated dolomite. These gossan zones are associated with quartz veinlet swarms and quartz, carbonate, iron oxide breccia matrix in fills. These textures and observed veining zone associated with the gossanous boxworks suggest that the mineralization in the near surface portion of the RH Zone has a strong component of quartz and poly-metallic sulfide veining.

The exposed brecciated and veined gossanous have been sampled and specimens have been selected for more detailed study of the mineralization. Identification of quartz-poly metallic sulfide veining in the rubble crop and scrapped out crop is new information that will have an impact on targeting of future drilling on the property.

North RH Area

Four holes were completed as wide step outs to the north and east of mineralization intercepted in a previous diamond drill hole in 2007. All four holes passed through a complex, well oxidized, carbonate cemented breccia zone and down into well oxidized, calcareous sandstone units. Oxidized sandy limestone units were found under the overlying clastic sedimentary units. Carbonaceous limestone and dolomite were intersected in all holes at depth.

2007 Gunman zinc-silver project, Nevada drill map: www.cypressdevelopmentcorp.com/s/Image.asp?i=Maps/CYP_Gunman_2007_Map.jpg

Vuggy sandstone and limestone clasts from the upper portions of two of these exploration holes contain local needle like crystals of the zinc oxide mineral hemimorphite.

TQCU Target

The distinctive pellet clast sandstone exposed along the western margin of the RH Zone contains outcropping and subcropping copper oxide mineralization. Cypress has not previously explored the potential of this flanking zone of mineralization. The copper oxides are exposed along a 3000 foot strike length going south from the RH Zone area and continuing south of the known RH South Zone.

The exploration completed at the TQCU target during the Phase 1 program includes sampling of outcropping and sub cropping copper oxide mineralization and the drilling of two shallow RC holes. Further field work is planned to explore the details of the trend and controls on this mineralization.

The two completed RC holes passed through strongly oxidized pellet grain sandstone and down into well oxidized and locally gossanous sandy limestone.

Far North Area Reconnaissance Sampling Results

Reconnaissance rock chip sampling of the northern portion of the Gunman property was completed as part of the Phase 1 exploration program. A total of 42 samples were collected from outcrops, sub crop/rubble crop and float. The samples were assayed by ALS Chemex in Reno. The assay results show two very encouraging anomalies.


1.  A single float sample collected in a dry wash 1500 feet east of the
    property boundary retuned a 2.24% Zn assay. The source of the sampled
    float is unknown but the slope direction of the dry stream bed indicated
    that the sample was transported from the property area to the east.

2.  A significant cluster of highly anomalous Zinc-Arsenic-Mercury assays
    were returned from sampling of silicified and oxidized limestone
    conglomerate outcrops and rubble crops located approximately 5000 feet
    north of the RH Zone.

This multi-sample anomaly is hosted by the limestone conglomerate unit which caps the mineralized carbonates and siliciclastic rocks at the RH Zone, RH South Zone and the RH North Zone. While direct comparison of the zinc values in the new Far North Target results to the RH Zone area cannot be made due to complete erosion of the cap rock from the underlying mineralized sandy limestones, this cluster anomaly is a very promising development.

Low cost, direct sampling of altered outcrops has proven to be effective as an exploration tool at the Gunman project.

2007 Gunman zinc-silver project, Nevada drill map: www.cypressdevelopmentcorp.com/s/Image.asp?i=Maps/CYP_Gunman_2007_Map.jpg

Gunman Mineralization

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.

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.

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.

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 has approximately $1.1 million in its treasury.

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
Fifty billion connected devices and still no winning protocols standards. HTTP, WebSockets, MQTT, and CoAP seem to be leading in the IoT protocol race at the moment but many more protocols are getting introduced on a regular basis. Each protocol has its pros and cons depending on the nature of the communications. Does there really need to be only one protocol to rule them all? Of course not. In his session at @ThingsExpo, Chris Matthieu, co-founder and CTO of Octoblu, walk you through how Oct...
There is growing need for data-driven applications and the need for digital platforms to build these apps. In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications. In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...
SYS-CON Events announced today that Tintri Inc., a leading producer of VM-aware storage (VAS) for virtualization and cloud environments, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Tintri VM-aware storage is the simplest for virtualized applications and cloud. Organizations including GE, Toyota, United Healthcare, NASA and 6 of the Fortune 15 have said “No to LUNs.” With Tintri they mana...
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
Businesses are struggling to manage the information flow and interactions between all of these new devices and things jumping on their network, and the apps and IT systems they control. The data businesses gather is only helpful if they can do something with it. In his session at @ThingsExpo, Chris Witeck, Principal Technology Strategist at Citrix, will discuss how different the impact of IoT will be for large businesses, expanding how IoT will allow large organizations to make their legacy ap...
Adobe is changing the world though digital experiences. Adobe helps customers develop and deliver high-impact experiences that differentiate brands, build loyalty, and drive revenue across every screen, including smartphones, computers, tablets and TVs. Adobe content solutions are used daily by millions of companies worldwide-from publishers and broadcasters, to enterprises, marketing agencies and household-name brands. Building on its established design leadership, Adobe enables customers not o...
Major trends and emerging technologies – from virtual reality and IoT, to Big Data and algorithms – are helping organizations innovate in the digital era. However, to create real business value, IT must think beyond the ‘what’ of digital transformation to the ‘how’ to harness emerging trends, innovation and disruption. Architecture is the key that underpins and ties all these efforts together. In the digital age, it’s important to invest in architecture, extend the enterprise footprint to the cl...
Just over a week ago I received a long and loud sustained applause for a presentation I delivered at this year’s Cloud Expo in Santa Clara. I was extremely pleased with the turnout and had some very good conversations with many of the attendees. Over the next few days I had many more meaningful conversations and was not only happy with the results but also learned a few new things. Here is everything I learned in those three days distilled into three short points.
SYS-CON Events announced today that Numerex Corp, a leading provider of managed enterprise solutions enabling the Internet of Things (IoT), will exhibit at the 19th International Cloud Expo | @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Numerex Corp. (NASDAQ:NMRX) is a leading provider of managed enterprise solutions enabling the Internet of Things (IoT). The Company's solutions produce new revenue streams or create operating...
24Notion is full-service global creative digital marketing, technology and lifestyle agency that combines strategic ideas with customized tactical execution. With a broad understand of the art of traditional marketing, new media, communications and social influence, 24Notion uniquely understands how to connect your brand strategy with the right consumer. 24Notion ranked #12 on Corporate Social Responsibility - Book of List.
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.
As ridesharing competitors and enhanced services increase, notable changes are occurring in the transportation model. Despite the cost-effective means and flexibility of ridesharing, both drivers and users will need to be aware of the connected environment and how it will impact the ridesharing experience. In his session at @ThingsExpo, Timothy Evavold, Executive Director Automotive at Covisint, will discuss key challenges and solutions to powering a ride sharing and/or multimodal model in the a...
In his general session at 18th Cloud Expo, Lee Atchison, Principal Cloud Architect and Advocate at New Relic, discussed cloud as a ‘better data center’ and how it adds new capacity (faster) and improves application availability (redundancy). The cloud is a ‘Dynamic Tool for Dynamic Apps’ and resource allocation is an integral part of your application architecture, so use only the resources you need and allocate /de-allocate resources on the fly.
DevOps and microservices are permeating software engineering teams broadly, whether these teams are in pure software shops but happen to run a business, such Uber and Airbnb, or in companies that rely heavily on software to run more traditional business, such as financial firms or high-end manufacturers. Microservices and DevOps have created software development and therefore business speed and agility benefits, but they have also created problems; specifically, they have created software sec...
In this strange new world where more and more power is drawn from business technology, companies are effectively straddling two paths on the road to innovation and transformation into digital enterprises. The first path is the heritage trail – with “legacy” technology forming the background. Here, extant technologies are transformed by core IT teams to provide more API-driven approaches. Legacy systems can restrict companies that are transitioning into digital enterprises. To truly become a lea...