8/20/2014 - 9:53 AM EST - Cypress Development Corp. : announced its Phase 2 drill program has commenced at its wholly-owned 1140 acre Gunman zinc-silver-copper project in White Pine County, Nevada. Following a highly successful 2014 Phase 1 exploration and drilling program at the Gunman project, Cypress is moving forward with a Phase 2 drill program. The Phase 1 delineation drilling at the main RH Zone returned long, continuous intervals of very high grade, near surface oxidized zinc and silver mineralization. Highlights include Hole GMRC-9 which returned a 175-foot down hole interval of 12% zinc and 121 g/t silver and Hole GMRC-5 which retuned a 55-foot interval of 21% zinc and 147 g/t silver. Cypress Development Corp.
shares V.CYP are trading unchanged at $0.04.
