Cypress Development Corp. Samples Up to 10% Copper at Gunman Zinc-Silver Project in Nevada
04.06.2014 | Marketwire
VANCOUVER, BRITISH COLUMBIA -- (Marketwired - Jun 4, 2014) - Cypress Development Corp. (TSX VENTURE: CYP) (PINKSHEETS:CYDVF) (FRANKFURT:C1Z) ("Cypress" or the "Company") is pleased to announce the results of surface rock chip sampling and stratigraphic mapping completed as part of the 2014 Phase 1 exploration and drill program at its 100% owned Gunman zinc-silver oxide project in Nevada. The 1140 acre Gunman zinc-silver-gold project is located directly west of Barrick's Bald Mountain gold mine complex on the southern Carlin mineral trend in White Pine County, Nevada.Gunman Project Southern Carlin Trend location map:
http://www.cypressdevelopmentcorp.com/s/Image.asp?i=Maps/Gunman-43-101.jpg
Three previous Reverse Circulation (RC) drill programs totaling approximately 11,582 metres have been completed by Cypress at the Gunman project with significant grades between 5% to 33% zinc and 0.5 to 15.0 oz per ton silver encountered in the RH Zone.
Cypress has now completed a thirteen hole 2014 Phase 1 RC drill program at its Gunman poly metallic property with all assays still pending. The thirteen holes totaled 1,079 metres and were targeted at three areas of the central portion of the property. Additional work completed during Phase 1 included the initiation of a detailed stratigraphic study in the central portion of the property and prospecting in the far north exploration area, located 2000 metres north of the central portion of the property.
2014 Gunman RC Drill Hole Location Map:
http://www.cypressdevelopmentcorp.com/s/Image.asp?i=Maps/Gunman-May-2014-RC-Plan-Map.jpg
Surface sampling of outcrop and rubble crop was done within the new TQCU target in an area of outcropping copper oxide mineralization located 100 metres west of the main RH Zinc-Silver Zone
Gunman Project Phase 1 Surface Sampling map:
http://www.cypressdevelopmentcorp.com/s/Image.asp?i=Maps/Phase-1-Rock-Assays.jpg
A series of stratigraphic mapping traverses were completed to better understand the geology of the host rocks for several types of base metal and precious metal mineralization at the property.
TQCU Copper Oxide Showing Sample Results
The TQCU copper showing is located 100 metres west of the main RH Zinc-Silver Zone. The showing consists of copper oxide veining and fracture coatings exposed in outcrops and in historic prospect pits. The copper oxide mineralization is hosted by a distractive, coarse grained sandstone unit which lies stratigraphically above the main RH, RH South and RH North dolomite and sandy limestone.
Four grab samples were collected of the copper oxide mineralization. The assay results of the sampling are displayed in the table below
Table 1: TQCU Copper Oxide Showing Sample Results
| Ag | As | Cu | Hg | Sb | W | Zn | Cu | |
| Sample | ppm | ppm | ppm | ppm | ppm | ppm | ppm | % |
| TQCU-1 | 40.1 | >10000 | >10000 | 4.2 | 67 | 50 | 219 | 3.85 |
| TQCU-2 | 16.5 | 2520 | >10000 | 0.5 | 7 | <10 | 1460 | 2.51 |
| TQCU-3 | 3.7 | 7650 | >10000 | 2.4 | 32 | <10 | 6340 | 3.68 |
| TQCU-4 | 4.0 | >10000 | >10000 | 2.1 | 92 | <10 | 8470 | 10.10 |
The copper oxide mineralization occurs as dense veinlets swarms, cm-scale irregular seams, dense disseminations and as fracture coatings all hosted by a strongly oxidized, decalcified and silicified sandstone unit.
Far North Target Area Sample Results
Rock chip samples were collected in the Far North Target Area, located approximately 2000 metres north of the main RH Zinc-Silver Zone. Two important results from the ICP assays of these samples are:
- A sample of bleached, weathered float collected in a dry stream bed 650 metres east of the Gunman property boundary assayed 22350 ppm zinc or 2.235% zinc. The stream bed drains from an area of hills within the Far North Target area on the Gunman property.
- A cluster of outcrop samples of silicified and strongly oxidized limestone conglomerate contain highly anomalous zinc, arsenic and mercury. Scattered bismuth anomalies also occur in samples from the anomaly area. This anomaly cluster lies in the Far North Target area and is hosted by the limestone conglomerate unit which caps the strongly mineralized sandy dolomite and limestone in the RH area.
Gunman Mineralization
Mineralization at the Gunman project appears to be controlled by a series of well developed NNE trending fracture zones. This setting is seen in other locations along the Carlin and the Battle Mountain gold trends where the NS to NNE alignments of mineralized zones are located in cross cutting structural zones within or adjacent to the main NNW striking trends. The mineralization of the zinc-silver zones on the Gunman is located close to surface. The very high grade of zinc-silver mineralization seen in the RH Zone is a compelling reason to continue exploration on the Gunman project.
Robert Marvin, P.Geo., CPG, Exploration Manager for Cypress Development Corp. is the Qualified Person as defined by National Instrument 43-101 and has supervised both the project field work and the preparation of the technical information in this release.
About Cypress Development Corp.:
Cypress Development Corp. is a diversified precious and base metals exploration and development company with properties in Red Lake, Ontario, Canada, and in Nevada, U.S.A. The Company has approximately $1.1 million in its treasury.
To find out more about Cypress Development Corp. (TSX VENTURE:CYP), visit our website at www.cypressdevelopmentcorp.com.
ON BEHALF OF THE BOARD OF DIRECTORS
DONALD C. HUSTON
President
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.
Contact
Cypress Development Corp.
Don Myers, Director
604-687-3376 or Toll Free: 800-567-8181
604-687-3119
info@cypressdevelopmentcorp.com
www.cypressdevelopmentcorp.com