Cypress report up to 3,830 PPM Li at Glory Lithium Project in Clayton Valley, Nevada

- November 16th, 2016

Cypress Development Corp. (TSXV:CYP) has received results from a property-wide grid sampling program at Cypress’s 1,520-acre Glory lithium brine/claystone project located in Clayton Valley, Esmeralda county, Nevada. Cypress’ Glory Project is located within a 0.5 mile of lithium brine wells belonging to the Albemarle Silver Peak Mine and the property shares its western boundary with the lithium resource area of Pure Energy’s Clayton Valley South project.

Cypress Development Corp. (TSXV:CYP) has received results from a property-wide grid sampling program at Cypress’s 1,520-acre Glory lithium brine/claystone project located in Clayton Valley, Esmeralda county, Nevada. Cypress’ Glory Project is located within a 0.5 mile of lithium brine wells belonging to the Albemarle Silver Peak Mine and the property shares its western boundary with the lithium resource area of Pure Energy’s Clayton Valley South project.
In August 2016, Cypress optioned its Glory Project to Pure Energy Minerals with Cypress remaining the operator of the project until Pure Energy earns a 51% interest. The agreement allows the Company to advance its Glory Project while working with and utilizing the geological expertise of the Pure Energy team.
Highlights:

  • 239 Glory samples were collected on a systematic 100m X 100m grid 133
  • Glory samples assayed greater than 900 ppm Li
  • New Glory zone discovered with a high grade of 3830 ppm Li
  • Several open zones of 1400 to >2000 ppm Li have been identified
  • 3 km long by 1 one-half km wide zone of strong lithium mineralization is present at surface on the Glory property
  • Data supports that the lithium is from uplifted and exposed lake bed sediments
  • Grid sample results definitively confirm earlier samples reported by Cypress

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