Cypress & Skyharbour Drilling Update at Bruce Channel / Red Lake Gold
Project, NW Ontario
(Thomson Reuters ONE) - Suite 2230 - 885 West Georgia Street, Vancouver, BC, Canada, V6C 3E8 www.cypressdevelopmentcorp.comTSX-V Trading Symbol: CYP Telephone: (604) 687-3376Email: info(at)cypressdevelopmentcorp.com Facsimile: (604) 687-3119JOINT NEWS RELEASE September 15, 2009 Cypress & Skyharbour Drilling Update at Bruce Channel / Red Lake Gold Project, NW OntarioVancouver, BC - Cypress Development Corp. (TSX-V: CYP) (FWB: C1Z) andSkyharbour Resources Ltd. (TSX-V: SYH) continue unabated with theirmajor deep drilling program on Cypress' (80%) Skyharbour's (20%)Broulan Reef project located in the heart of the Red Lake gold campin Northwestern Ontario. The Broulan Reef property adjoins on striketo the south of the Cochenour / Bruce Channel gold deposits owned byGoldcorp. Bruce Channel Red Lake, Ontario Map:http://www.cypressdevelopmentcorp.com/s/Image.asp?i=maps/CYP-Broulan-Reef-New-Map.jpgHole BR09-01 is currently at a depth of approximately 2050 metres andis expected to be drilled to approximately 2700 metres. BR09-01entered the Balmer Assemblage formation at a depth of approximately1590 metres. The collar of this hole is located on the east shore ofMcKenzie Island on Goldcorp's ground with Goldcorp's permission andis being drilled in an easterly direction onto the Broulan reefproperty.Cypress' and Skyharbour's target continues to be structures in theBalmer Assemblage aged rocks below a known "Thrust Package".The Thrust Package could be viewed as a 'Trap Rock' that has confinedfluids below it. These fluids have severely altered the rock andresulted in gold being deposited in the footwall of the ThrustPackage. It has been speculated that the setting immediately belowthe Thrust Package is the host of some 6,000,000+ ounces of goldincluding the Bruce Channel, Finn Zone discoveries and the CouchenourMine. Broulan Reef schematic map showing Thrust Package:http://www.cypressdevelopmentcorp.com/s/Image.asp?i=maps/BR_XS_LN.gifIn other news, Cypress and Skyharbour announce the acquisition of anadditional claim contiguous with their Broulan Reef property.The new claim adds another 40 acres to the Broulan Reef land package.The claim is located on the immediate southwest side of the BroulanReef property. This particular claim was held as a leased claim for40+ years and became open for staking. This new acreage gives Cypressand Skyharbour broader exposure to the geological suite of rocks thatexist below the shallow waters of the Bruce Channel.David J. Busch, B.A., B.Sc., PGeo., Vice President of Explorations isthe qualified person under the meaning of National Instrument 43-101and has reviewed the data in this News Release.About Cypress Development Corp.:Cypress Development Corp. is a diversified precious and base metalexploration and development company with properties in Red Lake,Ontario, Canada, and in Nevada, U.S.A.To find out more about Cypress Development Corp. (TSX-V: CYP), visitour website at www.cypressdevelopmentcorp.com.About Skyharbour Resources Ltd.:Skyharbour Resources Ltd. is a gold and base metal explorationcompany developing projects in the RED LAKE district of northwesternOntario, Canada.To find out more about Skyharbour Resources Ltd. (TSX-V: SYH), visitthe Company's website at www.skyharbourltd.com.ON BEHALF OF THE BOARD OF DIRECTORS"Don Huston"DONALD C. HUSTONPresidentFor further information contact myself or:Don MyersDirectorCypress Development Corp.Telephone: 604-687-3376Toll Free: 800-567-8181Facsimile: 604-687-3119Email: info(at)cypressdevelopmentcorp.comNEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDERACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.This news release may contain certain "Forward-Looking Statements"that may involve a number of risks and uncertainties. There can be noassurance that such statements will prove to be accurate, and actualresults and future events could differ materially from thoseanticipated in such statements. For a more detailed discussion ofsuch risks and other factors, refer to the Company's filings withCanadian Securities regulators available on www.sedar.com .This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 15.09.2009 - 10:00 Uhr
Sprache: Deutsch
News-ID 5814
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Project, NW Ontario"
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