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.




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
You have great SaaS business app ideas. You want to turn your idea quickly into a functional and engaging proof of concept. You need to be able to modify it to meet customers' needs, and you need to deliver a complete and secure SaaS application. How could you achieve all the above and yet avoid unforeseen IT requirements that add unnecessary cost and complexity? You also want your app to be responsive in any device at any time. In his session at 19th Cloud Expo, Mark Allen, General Manager of...
SYS-CON Events announced today that Streamlyzer 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. Streamlyzer is a powerful analytics for video streaming service that enables video streaming providers to monitor and analyze QoE (Quality-of-Experience) from end-user devices in real time.
SYS-CON Media announced today that @WebRTCSummit Blog, the largest WebRTC resource in the world, has been launched. @WebRTCSummit Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. @WebRTCSummit Blog can be bookmarked ▸ Here @WebRTCSummit conference site can be bookmarked ▸ Here
In past @ThingsExpo presentations, Joseph di Paolantonio has explored how various Internet of Things (IoT) and data management and analytics (DMA) solution spaces will come together as sensor analytics ecosystems. This year, in his session at @ThingsExpo, Joseph di Paolantonio from DataArchon, will be adding the numerous Transportation areas, from autonomous vehicles to “Uber for containers.” While IoT data in any one area of Transportation will have a huge impact in that area, combining sensor...
DevOps theory promotes a culture of continuous improvement built on collaboration, empowerment, systems thinking, and feedback loops. But how do you collaborate effectively across the traditional silos? How can you make decisions without system-wide visibility? How can you see the whole system when it is spread across teams and locations? How do you close feedback loops across teams and activities delivering complex multi-tier, cloud, container, serverless, and/or API-based services?
Almost everyone sees the potential of Internet of Things but how can businesses truly unlock that potential. The key will be in the ability to discover business insight in the midst of an ocean of Big Data generated from billions of embedded devices via Systems of Discover. Businesses will also need to ensure that they can sustain that insight by leveraging the cloud for global reach, scale and elasticity.
So you think you are a DevOps warrior, huh? Put your money (not really, it’s free) where your metrics are and prove it by taking The Ultimate DevOps Geek Quiz Challenge, sponsored by DevOps Summit. Battle through the set of tough questions created by industry thought leaders to earn your bragging rights and win some cool prizes.
Today every business relies on software to drive the innovation necessary for a competitive edge in the Application Economy. This is why collaboration between development and operations, or DevOps, has become IT’s number one priority. Whether you are in Dev or Ops, understanding how to implement a DevOps strategy can deliver faster development cycles, improved software quality, reduced deployment times and overall better experiences for your customers.
Cloud based infrastructure deployment is becoming more and more appealing to customers, from Fortune 500 companies to SMEs due to its pay-as-you-go model. Enterprise storage vendors are able to reach out to these customers by integrating in cloud based deployments; this needs adaptability and interoperability of the products confirming to cloud standards such as OpenStack, CloudStack, or Azure. As compared to off the shelf commodity storage, enterprise storages by its reliability, high-availabil...
The security needs of IoT environments require a strong, proven approach to maintain security, trust and privacy in their ecosystem. Assurance and protection of device identity, secure data encryption and authentication are the key security challenges organizations are trying to address when integrating IoT devices. This holds true for IoT applications in a wide range of industries, for example, healthcare, consumer devices, and manufacturing. In his session at @ThingsExpo, Lancen LaChance, vic...
In the next forty months – just over three years – businesses will undergo extraordinary changes. The exponential growth of digitization and machine learning will see a step function change in how businesses create value, satisfy customers, and outperform their competition. In the next forty months companies will take the actions that will see them get to the next level of the game called Capitalism. Or they won’t – game over. The winners of today and tomorrow think differently, follow different...
The IoT industry is now at a crossroads, between the fast-paced innovation of technologies and the pending mass adoption by global enterprises. The complexity of combining rapidly evolving technologies and the need to establish practices for market acceleration pose a strong challenge to global enterprises as well as IoT vendors. In his session at @ThingsExpo, Clark Smith, senior product manager for Numerex, will discuss how Numerex, as an experienced, established IoT provider, has embraced a ...
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in Embedded and IoT solutions, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 7-9, 2017, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/Big Data, HPC and ...
The Internet of Things (IoT), in all its myriad manifestations, has great potential. Much of that potential comes from the evolving data management and analytic (DMA) technologies and processes that allow us to gain insight from all of the IoT data that can be generated and gathered. This potential may never be met as those data sets are tied to specific industry verticals and single markets, with no clear way to use IoT data and sensor analytics to fulfill the hype being given the IoT today.
Donna Yasay, President of HomeGrid Forum, today discussed with a panel of technology peers how certification programs are at the forefront of interoperability, and the answer for vendors looking to keep up with today's growing industry for smart home innovation. "To ensure multi-vendor interoperability, accredited industry certification programs should be used for every product to provide credibility and quality assurance for retail and carrier based customers looking to add ever increasing num...