President of
Lithium Company Cypress Development (TSX-V: $CYP) (OTCBB: $CYDVF)
updates
shareholders and Discusses Critical Lithium Investment Drivers
Vancouver, BC – March 8, 2017 (Investorideas.com
Newswire) Cypress Development Corp. (TSX-V: CYP) (OTCBB: CYDVF) (Frankfurt: C1Z1) (“Cypress” or the
“Company”) a lithium and zinc exploration
company developing projects in Nevada, U.S.A., today released a Letter to
Shareholders by President Don Huston.
My Fellow Shareholders and Investors:
Cypress is confident that the need, growth and current
limited supply for lithium will continue and expand for several years to come.
I would like to start my comments
A Tesla S, while arguably more a work of art than a
utilitarian vehicle, represents no more than an expensive (and very good
looking) paperweight without a critical couple of pounds of Lithium.
From our informative piece; Lithium
Primer: The Critical 7% Solution:
Many months of work has brought Cypress closer to the
establishment of a potential resource estimate containing some of the
highest-grade Lithium available. I will also speak to our announced drilling
plans, the uniqueness and value of our work with synthetic brine and our major
goals for 2017 and beyond.
Critical Lithium Investment Drivers
With apologies to Goldman Sachs, Lithium is not ‘the
new gasoline’. It is however, critical to battery power storage technology and
is agnostic as to the feed source; solar, wind, water etc.
·
Lithium is abundant in hard
rock, brine and clay deposits. Ironically, there are very few accessible
economically viable deposits.
·
Demand will outstrip supply
·
Traditional global fossil
fuel establishment are buying battery assets
·
Lithium production
dominated by 3 global companies. 2016 production was quickly sold out
·
As carmakers increase
demand for batteries there's going to need to be more gigafactories built. Just
to supply auto demand you need 200 gigafactories. (Elon Musk 2014)
·
Lithium component years
ahead of any competing metal.
·
Annual lithium market will grow
259% by 2025, representing a compound annual growth rate of 14% across all
demand sectors. Lithium-ion battery-based electric vehicles will be key driver
of this demand.
For Cypress, 2016 was about organization,
relationships, sample testing to delineate grades and prepare for a now
announced drill program.
We also closed several financings ensuring available
funds for both administration and drilling plans and execution.
2016 primarily moved Cypress forward to achieving its
goal of becoming a meaningful producer of this component. Growth in electronic
needs as well as batteries that power automobile, residential homes and
industrial applications is extremely compelling.
If you liked (or didn’t like) 2016….
The results of the fifty deionized water leach assays
(analyzed by ALS Chemex lab in Reno) show strong extraction of lithium with low
extraction of magnesium and calcium. The water and soluble element
“synthetic brine” produced for assay from the samples has very similar
chemistry to that of reported chemistry of production brines from the Clayton
Valley and to brines reported by Pure Energy Minerals within their northern
resource area.
2017 will be an exceptional year for Cypress and our
shareholders as we work to prove up tonnage and the economics of Clayton
Valley.
Before I speak about our announced extensive drilling
plans, investors will be extremely interested in a brief discussion of
‘synthetic brine’.
Robert Marvin, PGeo, Exploration Manager for Cypress
Development Corp., recently produced a focused article on the Company’s
compelling work producing Synthetic Lithium Brine through process ME-MS03 at our Clayton Valley Project in Nevada.
“The results of the fifty deionized water leach assays
show exactly that, strong extraction of lithium with very low extraction of
magnesium and calcium,” states Marvin. “The water and soluble element
“synthetic brine” produced for assay from the samples has very similar
chemistry to that of reported chemistry of production brines from the Clayton
Valley and to brines reported by Pure Energy Minerals within their northern resource
area.”
While you are encouraged read the technical in Bob’s
report, the bottom line is this:
Synthetic brine (process ME-MS03) produces significant
amounts of lithium and sodium and very low amounts of the undesirable by
products as produced by the more toxic 4-acid process (ME-ICP61).
|
Lithium
|
Magnesium
|
Calcium
|
Potassium
|
Sodium
|
|||||
|
ME-ICP61
|
ME-MS03
|
ME-ICP61
|
ME-MS03
|
ME-ICP61
|
ME-MS03
|
ME-ICP61
|
ME-MS03
|
ME-ICP61
|
ME-MS03
|
|
Li
|
Mg
|
Mg
|
Ca
|
Ca
|
K
|
K
|
Na
|
Na
|
|
|
0.12%
|
0.05%
|
2.12%
|
0.14%
|
4.87%
|
0.11%
|
4.54%
|
0.29%
|
3.59%
|
2.90%
|
The more
benign (less toxic and more cost-effective) water leach solution produced from Dean claystone is more than double
the content of lithium than that of the Pure Energy brine and is four times
that of the Albemarle production brine.
While Bob goes into more detail, the thrust for us and value to
shareholders is that the process vastly increases the viability of lithium
sourced claystone which to date has been a concern to production of brine and
is comparable and sometime superior to natural brines.
And put simply, that means more lithium, extracted cheaper and greener.
This process is a major step forward in unlocking lithium from claystone; a
process that was previously though too difficult, toxic and expensive.
|
Ratio
|
Dean
Claystone
|
CV-1
(@700 feet)
|
Well
392
|
|
Mg/Li
|
2.98
|
2.27
|
2.58
|
|
Ca/Li
|
2.34
|
4.09
|
3.25
|
|
K/Li
|
6.17
|
17.94
|
18.33
|
|
Na/Li
|
61.70
|
202.94
|
208.33
|
|
|
Cypress
|
Pure
Energy
|
Albemarle
|
Let the Drilling Begin.
Our work to date has
shown exceptional lithium grades in our Dean Project located east of
Albermarle’s Silver Peak mine, Glory Project located to
the immediate south and Advantage Lithium’s/Nevada Sunrise's project located to
the immediate north.
Now the time has arrived to commence the proving up of
tonnage, viability and economics of the area.
The U.S. Bureau of Land Management recently approved
12 exploration drill hole locations into the Dean Frontera Verde Zone. We plan
to drill the 12 vertical holes using NQ diamond drill core being approximately
2-inch diameter core.
Our program, now underway, is intended to measure the
depth/ thickness, from surface, of the known high grade lithium bearing
claystone on our 2700-acre Dean Project.
Extensive sampling by Cypress at the Dean Project has
identified strong lithium mineralization up to 3,700 ppm lithium (1.98% lithium
carbonate equivalent) in a highly soluble uplifted lakebed mudstone and
claystone in the 2-square kilometer Frontera Verde Zone that averages 1,500 ppm
lithium (0.80% lithium carbonate equivalent) at surface.
In conclusion, from our February 14th press
release:
“Assays
from surface sampling at the Dean Project have returned extremely encouraging
results in the form of widespread high lithium mineralization hosted within
highly reactive and soluble rock units.
We have
now completed detailed analysis of the results of several different assay
methods as a first order study of
potential extraction methods of the lithium
from the host rock sequence. This study highlights the similarity of the
solutions made from dissolving the surface claystone in a weak aqua regia
solution and deionized water compared to production brines of the basin.
The
results of the study strongly indicate that recovery of lithium from a solution
from the outcropping evaporates and water could potentially be done by methods
currently being used in the Clayton Valley and by new methods under development
by Pure Energy Minerals and others.”
Cypress’ mandate is to systematically explore its
properties for a world-class lithium-brine resource as well as expand
exploration relating to the potential for a lithium resource that exists within
the large area of non-hectorite “claystones,” which have shown recent high
grade lithium assay recoveries from these same resources.
I look forward to an exciting and watershed year for
our Company and know that we work every day to add consistent and meaningful
shareholder value.
Your support is very much appreciated and we welcome
your comments and ideas.
Sincerely,
Don Huston
CEO
Cypress Development Corp.
Cypress Development Corp.
About Cypress Development Corp.
Cypress
development Corp is a publicly traded lithium and zinc exploration company that
continues to acquire and develop potentially viable mineral projects in the
State of Nevada, U.S.A.
Cypress
is very active in Clayton Valley, Nevada with its team committed to
systematically exploring its properties for both a lithium-brine resource and
expanding exploration relating to the potential for a lithium resource that
exists within the large area of non-hectorite “claystones” discovered at
surface that has seen recent high lithium assays recovered from these same
“claystones”.
Cypress
Development Corp. has approx. 34 million shares issued and outstanding.
To
find out more about Cypress Development Corp. (TSX-V: CYP),
visit our website at www.cypressdevelopmentcorp.com.
CYPRESS DEVELOPMENT CORP.
“Don Huston”
DONALD C. HUSTON
President
DONALD C. HUSTON
President
For further information contact myself or:
Don Myers
Director
Cypress Development Corp.
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@cypressdevelopmentcorp.com
Don Myers
Director
Cypress Development Corp.
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@cypressdevelopmentcorp.com
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CONTENT OF THIS NEWS RELEASE.
This release includes certain statements that may
be deemed to be "forward-looking statements". All statements in this
release, other than statements of historical facts, that address events or
developments that management of the Company expects, are forward-looking
statements. Although management believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions, such statements
are not guarantees of future performance, and actual results or developments
may differ materially from those in the forward-looking statements. The Company
undertakes no obligation to update these forward-looking statements if
management's beliefs, estimates or opinions, or other factors, should change.
Factors that could cause actual results to differ materially from those in
forward-looking statements, include market prices, exploration and development
successes, continued availability of capital and financing, and general
economic, market or business conditions. Please see the public filings of the
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