NI 43-101 Technical Report Completed for Cypress’ Gunman Project

Cypress Development Corp. (TSXV:CYP,OTC Pink:CYDVF) announced that a NI 43-101 compliant technical report has been completed for its Gunman zinc-silver-gold project, located in Nevada.

As quoted in the press release:

A phased approach to the recommended work is the most efficient way to proceed. Phase 1 would include items 1 and 2 above, the very important exploration drilling around RH North discovery hole GD-15 and the confirmation drilling of the RH Zone. This would amount to the drilling of 8 – 10 holes and a total of 2200 feet of R-C drilling. The phase 1 program should also include surface sampling in the Far North Target Area as this area has the potential to materially change the scope of the project at a very modest cost.

The drilling of the down dip RH target and the syncline axis fracture zone target along with follow-up and further extension drilling at RH North is recommended to form the core exploration work of a Phase 2 program. Drilling of any high quality targets that could result from the Phase 1 surface sampling at the Far North Target area could also be added to Phase 2. Priorities will be identified based on Phase 1 results. The Phase 2 program would entail approximately 4000 feet of R-C drilling.

Click here to read the full Cypress Development Corp. (TSXV:CYP,OTC Pink:CYDVF) press release.