Lithium

TSXV:CYP

Cypress Development (TSXV:CYP) reported results of sampling of surface claystones at its Clayton Valley lithium project in Nevada. The company is currently planning follow-up work at the project.

Cypress Development (TSXV:CYP) reported results of sampling of surface claystones at its Clayton Valley lithium project in Nevada. The company is currently planning follow-up work at the project.
As quoted in the press release:

The assays from the systematic traverse samples average >1500 ppm Li and are accompanied by a typical suite of other evoporite rock mineralization, including one sample with >1% strontium.
The results suggest a strong possibility of an essentially continuously mineralized volume of claystone at surface on the Cypress property in a position immediately east of both brine production wells at Albemarle Silver Peak mine and the north resource area of Pure Energy Minerals project.
It is important to note that the geometry of the claystone bedding is not readily apparent at the sample sites due the presence of a ten to twenty cm thick weather crust which completely masks the bedding of the claystones. Traverses completed in other areas of the property and along the flanks of Angel Island have shown that the claystones are locally highly deformed. Larger-scale exposure of clean rock faces along the traverse will be required to help determine whether the samples are localized within discrete beds or are in fact of a robust, massive nature.

Cypress president and CEO, Don Huston, said:

We are pleased with the results of our initial surface work on the Glory claims of our Clayton Valley project when compared to nearby brine production grades. We are at an early stage with this project and much work remains to be done to investigate the subsurface where we expect to find ground water aquifers within deeper portions of the same mineralized claystone evaporate sequence that is currently being explored at surface. We are confident that the position of our property adjacent to production wells and defined resources combined with current surface assay results indicates that Cypress is well situated to create value for our shareholders as we advance the exploration of our claims.

Click here for the full press release.

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