Cypress Adds Additional Lithium Claims to its Clayton Valley Lithium Project in Nevada
(Thomson Reuters ONE) -
VANCOUVER, British Columbia, May 04, 2016 (GLOBE NEWSWIRE) -- Cypress
Development Corp. (TSX-V:CYP) (OTCBB:CYDVF) (Frankfurt:C1Z1) ("Cypress" or the
"Company") is pleased to announce that the Company has acquired, via staking, an
additional 12 placer claims as a compliment to Cypress' existing land package
located in the heart of the Clayton Valley, Nevada lithium brine exploration
area.
Cypress Clayton Valley Lithium Project, Nevada location map:
http://www.cypressdevelopmentcorp.com/i/maps/CYP-Clayton-topo-satalite-small.jpg
Cypress' 1520 acre Clayton Valley Project is located on the south flank of
"Angel Island" and immediately southeast of the Albemarle Silver Peak lithium
mine. Cypress' Clayton Valley claims share their western boundary with claims
controlled by Pure Energy Minerals.
Cypress Clayton Valley Lithium Project, Nevada claims map:
http://www.cypressdevelopmentcorp.com/i/maps/Clayton-Test-Wells-Plan-Map.jpg
The newly acquired placer claims are ideally located immediately adjacent to the
east of Pure Energy Mineral's CV-4 and CV-5 spudded brine wells that were
completed in January and February 2016.
Cypress believes that the 2 new groups of claims will have an impact on the area
of influence of any potential lithium brine production from the eastern portion
of Clayton Valley south.
The Company will assess all available and pertinent data for this latest land
package to be able to determine what exploration programs could be initiated at
the same time as Cypress is carrying out its planned Phase 3 drill program
targeting lithium brines at the Company's Clayton Valley Project which will also
include the drilling of shallow auger holes targeting areas of strongly lithium
mineralized claystones recently discovered at surface.
Cypress Clayton Valley Project Proposed Drill Hole Locations:
http://www.cypressdevelopmentcorp.com/i/maps/CYP-Clayton-Drill-Plan-Map-small-
apr16.jpg
Robert Marvin, P.Geo., Exploration Manager for Cypress Development Corp. is the
Qualified Person as defined by National Instrument 43-101 and has approved of
the technical information in this release.
About Cypress Development Corp.:
Cypress Development Corp. is a publicly traded lithium and zinc-silver
exploration company developing projects in Nevada, U.S.A.
Cypress Development Corp. has approx. 24.1 million shares issued and
outstanding.
To find out more about Cypress Development Corp. (TSX-V:CYP), visit our website
at www.cypressdevelopmentcorp.com.
CYPRESS DEVELOPMENT CORP.
"Don Huston"
DONALD C. HUSTON
President
For further information contact myself or:
Don Myers
Director
Cypress Development Corp.
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info(at)cypressdevelopmentcorp.com
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.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Cypress Development Corp via GlobeNewswire
[HUG#2009679]
Datum: 04.05.2016 - 14:00 Uhr
Sprache: Deutsch
News-ID 468685
Anzahl Zeichen: 5300
contact information:
Town:
Vancouver
Kategorie:
Business News
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"Cypress Adds Additional Lithium Claims to its Clayton Valley Lithium Project in Nevada"
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