Cypress to Start Phase 1 Drilling at Gunman Zinc Oxide Project

Cypress Development Corp. (TSXV:CYP,OTC Pink:CYDVF) announced the start of the Phase 1 2014 drill program at its Nevada-based Gunman zinc oxide project. It will consist of about 3,000 feet of reverse-circulation drilling.

As quoted in the press release:

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.

Past surface sampling and drilling by Cypress on the Gunman property has resulted in the discovery of a series of zones of zinc-silver mineralization over a strike length of 2500 feet. The northern most mineralization known (hole GD-15) on the property was discovered at the end of the most recent drill program in 2007 and this mineralization remains essentially unexplored.

Don Huston, Cypress’ president, commented:

[I]t’s time for Cypress Development to become proactive at the Company’s Gunman zinc-silver oxide project in northeast Nevada. There is a bullish outlook for the zinc market with the tightening of zinc mine supply world wide, illustrated by a global zinc metal deficit in 2013 for the first time in five years. Cypress believes it has a great opportunity to duplicate the RH zinc-silver rich zone discovered at the Gunman project in 2000 with extended drilling in 2014 to the RH North Zone.

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