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.

Contacts:
Cypress Development Corp.
Donald C. Huston
President
604-687-3376 or Toll Free: 800-567-8181
604-687-3119 (FAX)

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
The technologies behind big data and cloud computing are converging quickly, offering businesses new capabilities for fast, easy, wide-ranging access to data. However, to capitalize on the cost-efficiencies and time-to-value opportunities of analytics in the cloud, big data and cloud technologies must be integrated and managed properly. Pythian's Director of Big Data and Data Science, Danil Zburivsky will explore: The main technology components and best practices being deployed to take advantage...
Andi Mann, Chief Technology Advocate at Splunk, is an accomplished digital business executive with extensive global expertise as a strategist, technologist, innovator, marketer, and communicator. For over 30 years across five continents, he has built success with Fortune 500 corporations, vendors, governments, and as a leading research analyst and consultant.
Cloud-enabled transformation has evolved from cost saving measure to business innovation strategy -- one that combines the cloud with cognitive capabilities to drive market disruption. Learn how you can achieve the insight and agility you need to gain a competitive advantage. Industry-acclaimed CTO and cloud expert, Shankar Kalyana presents. Only the most exceptional IBMers are appointed with the rare distinction of IBM Fellow, the highest technical honor in the company. Shankar has also receive...
Most DevOps journeys involve several phases of maturity. Research shows that the inflection point where organizations begin to see maximum value is when they implement tight integration deploying their code to their infrastructure. Success at this level is the last barrier to at-will deployment. Storage, for instance, is more capable than where we read and write data. In his session at @DevOpsSummit at 20th Cloud Expo, Josh Atwell, a Developer Advocate for NetApp, will discuss the role and value...
DXWorldEXPO LLC announced today that ICOHOLDER named "Media Sponsor" of Miami Blockchain Event by FinTechEXPO. ICOHOLDER gives detailed information and help the community to invest in the trusty projects. Miami Blockchain Event by FinTechEXPO has opened its Call for Papers. The two-day event will present 20 top Blockchain experts. All speaking inquiries which covers the following information can be submitted by email to [email protected] Miami Blockchain Event by FinTechEXPOalso offers sp...
Today, we have more data to manage than ever. We also have better algorithms that help us access our data faster. Cloud is the driving force behind many of the data warehouse advancements we have enjoyed in recent years. But what are the best practices for storing data in the cloud for machine learning and data science applications?
DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
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 guiding the technology strategy within Hitachi Vantara for IoT and Analytics. Bill brings a balanced business-technology approach that focuses on business outcomes to drive data, analytics and technology decisions that underpin an organization's digital transformation strategy.
DevOpsSummit New York 2018, colocated with CloudEXPO | DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City. Digital Transformation (DX) is a major focus with the introduction of DXWorldEXPO within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term.
@DevOpsSummit at Cloud Expo, taking place November 12-13 in New York City, NY, is co-located with 22nd international CloudEXPO | first international DXWorldEXPO and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time t...
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...
DXWorldEXPO LLC announced today that Kevin Jackson joined the faculty of CloudEXPO's "10-Year Anniversary Event" which will take place on November 11-13, 2018 in New York City. Kevin L. Jackson is a globally recognized cloud computing expert and Founder/Author of the award winning "Cloud Musings" blog. Mr. Jackson has also been recognized as a "Top 100 Cybersecurity Influencer and Brand" by Onalytica (2015), a Huffington Post "Top 100 Cloud Computing Experts on Twitter" (2013) and a "Top 50 C...
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...
When talking IoT we often focus on the devices, the sensors, the hardware itself. The new smart appliances, the new smart or self-driving cars (which are amalgamations of many ‘things'). When we are looking at the world of IoT, we should take a step back, look at the big picture. What value are these devices providing. IoT is not about the devices, its about the data consumed and generated. The devices are tools, mechanisms, conduits. This paper discusses the considerations when dealing with the...
Machine learning has taken residence at our cities' cores and now we can finally have "smart cities." Cities are a collection of buildings made to provide the structure and safety necessary for people to function, create and survive. Buildings are a pool of ever-changing performance data from large automated systems such as heating and cooling to the people that live and work within them. Through machine learning, buildings can optimize performance, reduce costs, and improve occupant comfort by ...