| TSX Venture Exchange: CYP
Cypress Development Corp. is a publicly traded lithium and zinc exploration company advancing projects in the State of Nevada, U.S.A.
Cypress' flagship Glory Lithium Brine/Claystone Project is located in the heart of the Clayton Valley lithium exploration area of Esmeralda County, Nevada. The Company's Glory Project is within a 0.5 mile of lithium brine wells belonging to the Albemarle Silver Peak Mine and the property shares its western boundary with the lithium resource area of Pure Energy's Clayton Valley South project.
In August 2016, Cypress optioned its Glory Clayton Valley Project to Pure Energy Minerals with Cypress remaining the operator until Pure Energy earns a 51% interest. The agreement allows the Company to advance its flagship project while working with and utilizing the geological expertise of the Pure Energy team. A planned 2016 drilling program at Cypress' Glory Project targeting lithium-rich brines includes shallow holes targeting a wide 2 kilometer long zone of 1,100 ppm Li in a highly leachable form of lithium-rich claystone discovered at surface.
In September 2016, Cypress reached an agreement to acquire a 100% interest in the 2,700 acre Dean Lithium Brine/Claystone Project located adjacent to the Albemarle Silver Peak Mine on its western boundary, Pure Energy's resource area on its southwest boundary and Cypress' Glory Clayton Valley Project on its southern boundary.
Cypress Development's mission is to increase shareholder value by developing exploration projects near world-class deposits that have the potential of becoming new discoveries.