09:45 AM EST - Cypress Development Corp. : Reports that a Phase 1 core drilling program has now been completed on the Company's 100% held Dean Lithium Claystone Project in Clayton Valley, Nevada. A nine-hole exploratory core drill program was carried out. Cypress is now publishing assay results from the first five holes at this time. Highlights: All mineralized intercepts at Dean start at near surface; Average mineralized thickness is greater than 220 feet; The thick, tabular zone of pervasive lithium mineralization is considered to be open in all directions; Lithium mineralization appears to thicken and increase in grade towards the east; Potential exists for a water leach followed by dilute acid wash to mobilize lithium into solution. Cypress Development Corp.
shares V.CYP are trading down $0.005 at $0.12.
