Source: Streetwise Reports 02/12/2019
Data for a prefeasibility study will result from the forthcoming drill program.
Cypress Development Corp. (CYP:TSX.V; CYDVF:OTCQB; C1Z1:FSE) announced in a Feb. 7 news release that drill rigs are being mobilized to its Clayton Valley lithium project in Nevada to begin drilling there.
The drill program will focus on the area between previous drill holes GCH-06, DCH-04 and DCH-05. The main targets there are the Upper Olive and Main Blue Mudstone units.
Primarily, Cypress aims to upgrade and convert resources for a prefeasibility study and to obtain material for additional metallurgical testing, including about 500–800 meters of core. Secondarily, the company intends to gain “geotechnical data and additional information on lithology, mineralization and clay speciation,” the release noted.
Weather permitting, drilling should conclude in March.
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( Companies Mentioned: CYP:TSX.V; CYDVF:OTCQB; C1Z1:FSE,
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