Cypress Completes Drilling at Clayton Valley, Nevada with 97 meters of 1,144 ppm Lithium
Suite 1610 - 777 Dunsmuir Street, Vancouver, BC, Canada, V7Y 1K4
www.cypressdevelopmentcorp.com
TSX Venture Exchange Symbol: CYP
Email: [email protected]
Telephone: (604) 687-3376
Facsimile: (604) 687-3119
NEWS RELEASE
April 3, 2018
Cypress Completes Drilling at Clayton Valley, Nevada
with 97 meters of 1,144 ppm Lithium
Vancouver, BC - Cypress Development Corp. (TSX-V: CYP) (OTCBB: CYDVF)
(Frankfurt: C1Z1) (“Cypress” or the “Company”) is pleased to announce results from
the last three holes drilled at the Company’s Clayton Valley lithium project in Nevada.
Today’s results include an intersection of 97 meters averaging 1 ,144 ppm Li in the
final hole, GCH-6, along with intersections of 122.4 meters averaging 977 ppm Li in
DCH-17 and 129.5 meters averaging 767 ppm Li in GCH-5. The Company has
completed its drilling program, and is awaiting the results of an independent resource
estimate currently underway.
Cypress Clayton Valley, Nevada Lithium Project location map:
https://www.cypressdevelopmentcorp.com/site/assets/files/3548/cyp-clayton-topo-
satalite-small.jpg
Drilling Highlights:
All three holes show consistency in encountered Li grade with the
Company’s previous 20 holes drilled on the Dean and Glory properties.
DCH-17, with 122.4 meters of 977 ppm Li, demonstrates the extension of
lithium mineralization into the southeast corner of Dean . This intersection
is comparable to the intersections in previous holes, DCH-15 and DCH -
16, to the north and west.
GCH-5 and GCH -6 demonstrate the extension of lithium mineralization
south, into the east ern portion of Glory. The intersection of lithium in
GCH-5, with 129.5 meters of 767 ppm Li, is the thickest drilled-to-date at
the project.
These three holes, as with all 20 previous holes, remain open at depth,
with DCH-17 ending in 797 ppm Li , GCH-5 in 665 ppm Li , and GCH-6 in
752 ppm Li.
A f ull table of Clayton Valley drill results can be found here :
https://www.cypressdevelopmentcorp.com/site/assets/files/3573/cyp_drill
_hole_table_for_clayton_valley-_nevada.jpg
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2017 Dean & Glory Projects, Clayton Valley, Nevada drill hole map:
https://www.cypressdevelopmentcorp.com/site/assets/files/3573/cyp_dean_glory_dill
_hole_map_march_2018.jpg
TABLE. Summary of Clayton Valley Project Drill Holes DCH-17, GCH-5 and GCH-6
Intersection (m) Lithium Values (ppm Li)
Drill Hole From To Length Min Max Average
DCH-17 2.0 124.4 122.4 548 1539 977
GCH-5 0.0 129.5 129.5 410 1298 767
GCH-6 3.0 100.0 97.0 699 1609 1144
Notes: Li=Lithium Metal, ppm=parts per million, m=meters, Average is weighted va lue by
sample length. All samples were submitted to Bureau Veritas in Reno, Nevada, for analysis.
Blind sample blanks and standards were inserted into the sample sequences at a rate of
approximately 1 per 20 samples.
With the completion of these three hol es, the Company has concluded its current
drilling on the Dean and Glory properties. All 23 of the Company’s drill holes will be
incorporated in an independent resource estimate currently underway. The results of
the resource estimate are expected later this month.
Daniel Kalmbach, CPG and consulting geologist to Cypress Development Corp., is
the qualified person as defined by National Instrument 43 -101 and has approved the
technical information in this release.
Cypress announces the resignation of Rober t Marvin as Vice President of
Exploration and Director of the Company. Cypress expresses its appreciation to Mr.
Marvin for his years of service and his key role in the discovery and exploration of
the Company’s Clayton Valley lithium deposit.
About Cypress Development Corp.:
Cypress Development Corp. is a publicly traded exploration company focused on
developing the Company’s 100%-owned Clayton Valley lithium project in the State of
Nevada, U.S.A.
Cypress' Dean & Glory Lithium Project is located immedia tely east of Albemarle’s
Silver Peak mine, North America’s only lithium brine operation. Recent exploration by
Cypress has discovered an extensive deposit of lithium -bearing claystone adjacent
to the brine field. With mineralization tested by drilling over a seven-kilometer trend,
the apparent size of the Dean & Glory deposit makes Clayton Valley a premier target
that has the potential to impact the future of lithium production in North America.
Cypress Development Corp. has approx. 56.0 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.
“Dr. Bill Willoughby”
3
WILLIAM WILLOUGHBY, PhD., PE
Chief Executive Officer
For further information contact myself or:
Don Myers
Cypress Development Corp.
Director, Investor Relations
Telephone: 604-639-3851
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: [email protected]
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 manag ement 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 actu al 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 c onditions. Please see the public filings of the Company at www.sedar.com for
further information.