Cypress Development Corp. (TSXV: CYP | OTCQX: CYDVF) has reported results from a recently completed drill programme at its 100%-owned Clayton Valley Lithium Project in Nevada, U.S.
A sonic drill programme was conducted in May 2022, to obtain sample material for lithium extraction testing at the company’s lithium extraction facility in Amargosa Valley, Nevada, and to supplement the project’s resource model for the Feasibility Study that is currently underway.
Cypress has received all assays from the drilling programme. Highlights include:
- Best intersection of 70.1 meters of 1,336 parts per million (“ppm”) lithium
- Successful use of sonic drilling to obtain six- and four-inch diameter cores
- Completed 580 meters in eight drill holes ranging from 61 to 76 meters in depth
- Acquired 15 tonnes of claystone for testing at the Company’s Pilot Plant
- Confirmed resource model built by Global Resource Engineering (“GRE”)
- Confirmed drill data obtained in the acquisition of Enertopia Corporation (“Enertopia”) property
“The drill programme was highly successful in generating material for our pilot plant and providing distinct data to strengthen the project’s resource model” stated Bill Willoughby, Cypress president and CEO.
“These are significant steps as we continue to work to de-risk the project and provide information for the Feasibility Study.”
Representative core samples ranging from 0.1- to 3-m in length were collected and delivered to ALS Global in Reno, Nevada for analysis. Lithium values shown in the table are weighted averages over the length of claystone intersected in each hole. All eight holes ended in lithium-bearing claystone. Each sample submittal was accompanied with QA/QC samples of blanks, standards, and duplicates.
To find out more please visit https://cypressdevelopmentcorp.com/
