The Energy Report
Source: Streetwise Reports 06/20/2018
An independent resource estimate report has been completed and filed on SEDAR; a PEA is expected within a few months for a project that has the potential to be a major supplier of lithium products.
Cypress Development Corp. (CYP:TSX.V; CYDVF:OTCQB; C1Z1:FSE) recently announced it has filed a National Instrument (NI) 43-101 Technical Report on SEDAR with the title “Resource Estimate Clayton Valley Lithium Project.” Clayton Valley is the company’s 100%-owned lithium project in Nevada, and the report describes the independent resource estimate conducted there by Global Resource Engineering (GRE), a Colorado-based firm. Included within the document is a recommendation for a Preliminary Economic Assessment (PEA), which GRE expects to complete in the next couple of months.
Some key report findings are:
A database of 23 drill holes for 1,891 meters drilled by Cypress during 2017 and 2018 was employed by GRE to create the independent resource estimate. ALS Chemex or Bureau Veritas, which are ISO-9000 certified laboratories, assayed all the samples for the project.
Based on the results from laboratory testing and confirmation leach testing an overall lithium recovery of 80% was employed for the mineral resource. Early results have shown that lithium extractions of greater than 80% can be achieved.
Free Reports:
The overarching finding from the work conducted by GRE is that the Cypress’ Clayton Valley Lithium Project has the potential to be a major supplier of lithium products in the world.
Cypress Development Corp. is a mining company headquartered in Vancouver with lithium and zinc/silver projects in the state of Nevada.
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Disclosure:
1) Jake Richardson compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
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( Companies Mentioned: CYP:TSX.V; CYDVF:OTCQB; C1Z1:FSE,
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