Cypress Provides Drilling Update at Dean Lithium Claystone Project in Clayton Valley, Nevada
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
March 16, 2017
Cypress Provides Drilling Update at Dean Lithium Claystone Project
in Clayton Valley, Nevada
Vancouver, BC - Cypress Development Corp. (TSX -V: CYP) (OTCBB: CYDVF)
(Frankfurt: C1Z1) (“Cypress” or the “Company”) reports, further to its News Release
on February 14 th, that drilling has commenced at the Company’s Dean Lithium
Claystone Project in Nevada after a delay due to unforeseen maintenance of the
contractor’s equipment and difficulties in getting the required equipment to the site.
Preparations for core logging and a core cutting facility have already been
established on site in the Clayton Valley. Cypress is pleased to get the drilling
program underway.
Cypress Clayton Valley, Nevada Lithium Projects location map:
http://www.cypressdevelopmentcorp.com/i/maps/CYP-Clayton-topo-satalite-small.jpg
In other news, d etailed lithium extraction work on a series of mini-bulk samples of
claystone taken from the Cypress – Pure Energy joint exploration project at the
neighboring Glory Project is con tinuing at SGS Labs in Canada. The results of this
work will be reported as data is made available.
About Cypress Development Corp.:
Cypress Development Corp . is a publicly traded lithium and zinc exploration
company that continues to acquire and develop potentially viable mineral projects in
the State of Nevada, U.S.A.
Cypress is very active in Clayton Valley, Nevada with its team committe d to
systematically exploring its propert ies for both a lithiu m-brine resource and
expanding exploration relating to a lithium resource that exists within the large area
of non-hectorite “claystone” discovered at surface that has seen recent high li thium
assays recovered from these same “claystone”.
Cypress Development Corp. has approx. 34.9 million shares issued and outstanding.
To find out more about Cypress Development Corp. (TSX -V: CYP), visit our website
at www.cypressdevelopmentcorp.com.
2
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: [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 f acts, 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 statement s 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, esti mates 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 f inancing, and general economic, market or
business conditions. Please see the public filings of the Company at www.sedar.com for
further information.