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Cypress Samples up to 3,730 PPM Lithium at Dean Lithium Project in Clayton Valley, Nevada
Dec. 01, 2016 07:45AM PST
Battery MetalsVancouver, BC – Cypress Development Corp. (TSX-V: CYP) (OTCBB: CYDVF) (Frankfurt: C1Z1) (“Cypress” or the “Company”) is pleased to announce that the Company has received additional results from a Phase 2 sampling program at Cypress’ 2,700 acre Dean Lithium Brine/Claystone Project located in Clayton Valley, Esmeralda County, Nevada.
Vancouver, BC – Cypress Development Corp. (TSX-V: CYP) (OTCBB: CYDVF) (Frankfurt: C1Z1) (“Cypress” or the “Company”) is pleased to announce that the Company has received additional results from a Phase 2 sampling program at Cypress’ 2,700 acre Dean Lithium Brine/Claystone Project located in Clayton Valley, Esmeralda County, Nevada.
Cypress Clayton Valley Lithium Project, Nevada location map:
https://www.
The Company’s 2700 acre Dean Claim Group is located adjacent to producing lithium brine wells belonging to the Albemarle Silver Peak Mine on its west boundary, Pure Energy’s resource area on its southwest boundary and Cypress’ existing Glory Clayton Valley Project, optioned to Pure Energy, on its southern boundary.
In October, Cypress initiated a Phase 2 detailed surface sampling program on the Company’s 100% owned Dean Project. Another 72 samples were collected and submitted for analysis for lithium content.
Highlights:
- Maximum lithium value in claystone/mudstone was 3,730 ppm lithium (0.82% Li20 equivalent)
- 8 samples assayed greater than 2000 ppm lithium (0.43% Li20 equivalent)
- 29 samples assayed greater than 1000 ppm lithium (0.22% Li20 equivalent)
- An area of >2 square kilometers has been identified as a new high-grade zone.
- The new zone has been named the Frontera Verde Zone and this zone is open for expansion to the north and south
- Initial chip channel samples demonstrate vertical continuity of mineralization to 3.25 meters (see table 1 below).
- BLM permitting is underway in preparation for drilling of the new zone
Read full press release.
Click here to connect with Cypress Development Corp. (TSX-V: CYP) to receive an Investor Presentation.
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