Welcome!

News Feed Item

Cypress Development Announces Phase 2 Drill Program at Its Gunman Zinc and Silver Project in Nevada

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/25/14 -- Cypress Development Corp. (TSX VENTURE:CYP) (PINKSHEETS:CYDVF) (FRANKFURT:C1Z) ("Cypress" or the "Company") is pleased to announce its plans for a 2014 Phase 2 exploration and drill program at its 100% owned Gunman zinc-silver oxide project in Nevada. The 1140 acre Gunman zinc-silver project is located directly west of Barrick's Bald Mountain gold mine complex on the southern Carlin mineral trend in White Pine County, Nevada.

Gunman Project Southern Carlin Trend location map:

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

Following the a highly successful 2014 Phase 1 exploration and drill program at the Gunman project, Cypress is moving forward with a Phase 2 program. The very high grade zinc and silver drill intercepts returned from Phase 1 drilling at the RH Zone, with new exposures of the mineralization, has led to a conclusion that the spectacular oxide mineralization is likely a high grade polymetallic vein and breccia system and represents a very high quality zinc-silver project located in a very favorable geologic environment.

The 2014 Phase 2 exploration program will focus on three key target areas of the Gunman property in which Phase 1 results have been very encouraging. These three targets are:

Gunman Project zone target map:

http://www.cypressdevelopmentcorp.com/s/Image.asp?i=Maps/Phase-1-Rock-Assays.jpg

1. Delineation drilling at the RH Zone returned long, continuous intervals of very high grade, oxidized zinc and silver mineralization. Highlights include RC hole GMRC-9 which returned a 175 foot down hole interval of 12% zinc and 121 g/t silver and hole GMRC-5 which retuned a 55 foot interval of 21% zinc and 147 g/t silver.

The Phase 2 program will include approximately 10 additional holes along the periphery of the known RH Zone high grade mineralization. The holes will be located in identified block areas which have had no previous drilling.

2. Surface sampling in the Far North Target Area has identified an area of outcropping, silicified limestone conglomerate that contains a well-developed zinc-arsenic and mercury anomaly based on first pass rock chip sampling. In addition, a single sample of leached, weathered rock collected in a dry wash down slope and to the east of this area returned 2.235% zinc. It is likely that this material was eroded from a source area within the northern portion of the property.

The Phase 2 program will include a focused prospecting effort to determine the source of the high grade float sample as well as to provide more detail in the area of the altered, outcropping and anomalous limestone conglomerate.

Five holes are being permitted in the Far North area within the altered outcrop target and in adjacent areas along the interpreted structural zone which connects the Main RH Zone area to the Far North Target area. The Far North Target area lies 6000 feet north of the RH Zone and Cypress views the area as highly prospective due to the results of the Phase 1 program. Discovery of significant bedrock zinc-silver mineralization there would immediately change the scope of the project.

3. Outcropping copper oxide mineralization was sampled during Phase 1 and returned copper assays up to 10% copper along with very high arsenic values. This target area lies 300 feet west of the RH Zone and is known as the TQCU target area.

Gunman Outcropping Copper Oxide Mineralization:

http://www.cypressdevelopmentcorp.com/s/Image.asp?i=/photos/gunman/pic006.jpg

The copper showing has been explored by historical shallow workings and is one segment of a 2500 to 3000 foot long zone of outcropping copper oxide mineralization hosted in a distinctive coarse grained sandstone unit. This copper mineralization flanks the zinc-silver mineralization delineated at the RH and RH South Zones.

Detailed prospecting and mapping of the showings west of the RH Zone will be done in order to target exploration drilling of the outcropping copper oxide mineralization. Two to three holes are planned.

The 2014 Phase 2 program is envisioned to consist of approximately 5000 feet of RC drilling at specific zinc, silver and copper oxide targets covering a 6000 foot strike length as described above. Focused prospecting and mapping will be done in early July. BLM permitting is underway. Cypress anticipates the drill program to start around August 1st.

The Gunman project is hosted by complex veining and brecciation zones localized along generally north-south trending faults. The total strike length containing mineralized positions along this trend is now approximately 9000 feet.

Cypress continues to believe the project represents one of the best exploration targets along the southern extension of the Carlin Trend. There are multiple examples along both the Carlin and Battle Mountain Trends of well mineralized and highly economic zones and mines located in structural environments essentially identical to that at the Gunman project. Specifically, many mines are localized in north-south trending faults zones on both the north and south flanks of these world class mineral belts in north central Nevada.

The 2014 Phase 2 exploration and delineation drill and prospecting program represents another step by Cypress Development along the way to identifying the full extent of the mineralized structural zone at its 100% owned Gunman project.

RH Zone 2014 Phase 1 Results

The assays from the 2014 Phase 1 drilling within the RH Zone are summarized in the table below.

Phase 1 RH Zone Zinc and Silver Assay Results

Hole ID         From (ft)     To (ft)  Interval (ft)    Ag (g/t)      Zn (%)
GMRC-3                 55          95             40        60.3        2.00
----------------------------------------------------------------------------
and                   140         155             15        33.5        3.20
----------------------------------------------------------------------------
GMRC-4                 20         175            155       128.0        7.20
----------------------------------------------------------------------------
including             125         175             50        87.7       17.09
----------------------------------------------------------------------------
including             135         150             15        83.9       30.64
----------------------------------------------------------------------------
GMRC-5                  5         205            200        63.3        8.90
----------------------------------------------------------------------------
including             125         180             55       147.0       21.00
----------------------------------------------------------------------------
including             150         165             15       100.1       32.20
----------------------------------------------------------------------------
GMRC-8                130         185             55        54.3        6.50
----------------------------------------------------------------------------
GMRC-9                 50         225            175       121.0       12.00
----------------------------------------------------------------------------
including             130         215             85       209.2       19.70
----------------------------------------------------------------------------
GMRC-10                55          80             25        24.2        4.60
----------------------------------------------------------------------------
and                   105         120             15         8.0        1.70
----------------------------------------------------------------------------
and                   140         155             15         5.9        1.20
----------------------------------------------------------------------------
and                   170         220             50        20.3        8.70
----------------------------------------------------------------------------
GMRC-11                 0         150            150        18.3        3.10
----------------------------------------------------------------------------
and                   165         215             50       125.6        7.90
----------------------------------------------------------------------------

(i) All intervals above were computed from Chemex assay results of representative, 5 foot interval samples collected from the reverse circulation sample return. All intervals have been selected based on a 1% zinc lower cut-off. The intervals above are restricted to contain no more than one included interval that falls below the 1% zinc lower cut-off. No high grade cut has been applied. All samples were continuously collected from each 5 foot interval during drilling. The samples are large and average approximately 6 kilograms in weight.

(i) g/t = grams per metric tonne.

(i) The true width lengths are estimated to be approximately 65%-75% of down hole intervals.

As the table above indicates, zinc and silver mineralization occurs both as long, highly variable but completely continuous mineralized down hole intervals (Hole GMRC-9 for example) as well as holes with shorter intervals of strong mineralization separated by lower grade intervals (Hole GMRC-10 for example).

RH Zone Geologic Discussion

Evidence from both drilling and surface exposures of the RH Zone strongly suggests that the mineralization is structurally controlled and is focused within an envelope of hydrothermally altered, fractured and brecciated dolomite. Outcrop and drill data also indicate that the dolomite is of hydrothermal origin.

Data gathered during the 2014 Phase 1 drill program points strongly to base metal, precious metal veining within a focused zone of dolomite alteration, fracturing and brecciation forming within an active zone of faulting. Subsequent oxidation of the original poly metallic veining mineralization has produced significant down hole intervals of spectacular, silver rich, zinc and iron oxide gossans with local sulfide cast boxworks.

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.

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
With more than 30 Kubernetes solutions in the marketplace, it's tempting to think Kubernetes and the vendor ecosystem has solved the problem of operationalizing containers at scale or of automatically managing the elasticity of the underlying infrastructure that these solutions need to be truly scalable. Far from it. There are at least six major pain points that companies experience when they try to deploy and run Kubernetes in their complex environments. In this presentation, the speaker will d...
While DevOps most critically and famously fosters collaboration, communication, and integration through cultural change, culture is more of an output than an input. In order to actively drive cultural evolution, organizations must make substantial organizational and process changes, and adopt new technologies, to encourage a DevOps culture. Moderated by Andi Mann, panelists discussed how to balance these three pillars of DevOps, where to focus attention (and resources), where organizations might...
The deluge of IoT sensor data collected from connected devices and the powerful AI required to make that data actionable are giving rise to a hybrid ecosystem in which cloud, on-prem and edge processes become interweaved. Attendees will learn how emerging composable infrastructure solutions deliver the adaptive architecture needed to manage this new data reality. Machine learning algorithms can better anticipate data storms and automate resources to support surges, including fully scalable GPU-c...
When building large, cloud-based applications that operate at a high scale, it's important to maintain a high availability and resilience to failures. In order to do that, you must be tolerant of failures, even in light of failures in other areas of your application. "Fly two mistakes high" is an old adage in the radio control airplane hobby. It means, fly high enough so that if you make a mistake, you can continue flying with room to still make mistakes. In his session at 18th Cloud Expo, Le...
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 ...
As Cybric's Chief Technology Officer, Mike D. Kail is responsible for the strategic vision and technical direction of the platform. Prior to founding Cybric, Mike was Yahoo's CIO and SVP of Infrastructure, where he led the IT and Data Center functions for the company. He has more than 24 years of IT Operations experience with a focus on highly-scalable architectures.
CI/CD is conceptually straightforward, yet often technically intricate to implement since it requires time and opportunities to develop intimate understanding on not only DevOps processes and operations, but likely product integrations with multiple platforms. This session intends to bridge the gap by offering an intense learning experience while witnessing the processes and operations to build from zero to a simple, yet functional CI/CD pipeline integrated with Jenkins, Github, Docker and Azure...
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
Dhiraj Sehgal works in Delphix's product and solution organization. His focus has been DevOps, DataOps, private cloud and datacenters customers, technologies and products. He has wealth of experience in cloud focused and virtualized technologies ranging from compute, networking to storage. He has spoken at Cloud Expo for last 3 years now in New York and Santa Clara.
Enterprises are striving to become digital businesses for differentiated innovation and customer-centricity. Traditionally, they focused on digitizing processes and paper workflow. To be a disruptor and compete against new players, they need to gain insight into business data and innovate at scale. Cloud and cognitive technologies can help them leverage hidden data in SAP/ERP systems to fuel their businesses to accelerate digital transformation success.
Containers and Kubernetes allow for code portability across on-premise VMs, bare metal, or multiple cloud provider environments. Yet, despite this portability promise, developers may include configuration and application definitions that constrain or even eliminate application portability. In this session we'll describe best practices for "configuration as code" in a Kubernetes environment. We will demonstrate how a properly constructed containerized app can be deployed to both Amazon and Azure ...
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
Predicting the future has never been more challenging - not because of the lack of data but because of the flood of ungoverned and risk laden information. Microsoft states that 2.5 exabytes of data are created every day. Expectations and reliance on data are being pushed to the limits, as demands around hybrid options continue to grow.