VANCOUVER, BC - Cypress Development Corp. reported that it has entered into an Option Agreement with Robert D. Marvin (the "Optionor") of Reno, Nevada to earn a 100% interest in the Twenty-One Silver-Gold Project located in Mineral County, approximately 100 miles southeast of Carson City, Nevada.
The Twenty-One Silver-Gold Project sits 5 kilometres south of US Highway 95. Access to the property is by gravel roads. The Twenty-One property consists of two blocks of lode claims centered on an area of outcropping alteration and mineralization. The project sits on the direct east-northeast extension of the Mindora Silver-Gold Resources area.
Recent chip sampling of exposed quartz breccia veins has returned assay values from 211 g/t (6.5 ounces) silver to 1141 g/t (34.5 ounces) silver and up to 2 g/t gold. Andesitic and rhyolite sills, plugs, and dikes occur on the Twenty-One property. The mid-Miocene age intrusive activity in this district is considered to be highly favorable for the existence of both epithermal precious metal veins and related mineralization within carbonate wall rocks. Similar settings occur at other mining districts in the region. These districts include Tonapah,
Cypress Development continues to assess all available pertinent data and will conduct a detailed mapping and sampling program with the results leading to the establishment of a reverse circulation drill program in April to May 2010. The assay and mapping results to date are in themselves more than sufficient to warrant detailed exploration and drilling of the Twenty-One property.
The company’s address is Suite 2230 - 885 West Georgia Street Vancouver, BC V6C 3E8.