Cypress Provides Drilling Update at Dean Lithium Claystone Project in Clayton Valley, NevadaMarch 16, 2017
Vancouver, BC - Cypress Development Corp. (TSX-V: CYP) (OTCBB: CYDVF) (Frankfurt: C1Z1) (“Cypress” or the “Company”) reports, further to its News Release on February 14th, 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.
In other news, detailed 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 continuing 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 committed to systematically exploring its properties for both a lithium-brine resource and expanding exploration relating to a lithium resource that exists within the large area of non-hectorite “mudstone” discovered at surface that has seen recent high lithium assays recovered from these same “mudstone”.
Cypress Development Corp. has approx. 34.9 million shares issued and outstanding.
CYPRESS DEVELOPMENT CORP.
DONALD C. HUSTON
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Cypress Development Corp.
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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.