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April 17, 2007
NEWS RELEASE
Drill Program
Begins on Gunman Zinc Project in Nevada
Vancouver, BC - Cypress Development Corp. (TSX-V: CYP) announces
that a diamond drill program on the Cypress (73.13%) / Bison Gold Exploration
(26.87%) owned Gunman zinc project located in White Pine County, northeast
Nevada has commenced. The program will consist of up to 12,000 feet of
diamond drilling in Phase 1 2007.
Cypress Development,
as operator, completed a Titan electric survey, followed by a detailed
gravity survey in late 2006. Both surveys were centered on the high-grade
zinc-silver oxide/sulfide RH Zone area and extended a total of 1.2 miles to
cover the known alteration / mineralization in the host carbonate section
within the RH Trend. The survey was designed to map conductive bodies beneath
and lateral to the strongly oxidized RH Zone deposit. A series of strong
discrete conductors are apparent along the RH Trend. Detailed geologic
control from surface mapping indicates that these conductors occur within
north-south striking RH Zone carbonate stratigraphy.
The Gunman
RH Zone zinc oxide, sulfide, & silver mineralization highlights
encountered to date are partially illustrated below.
|
Hole ID
|
From |
To
|
Width
|
% Zinc
|
Silver
oz/ton
|
In Oxides
or Sulfides
|
|
GM-01
|
115 ft
|
215 ft
|
100 ft
|
4.91%
|
1.1 oz
|
oxide
|
|
Incl
|
165 ft
|
195 ft
|
30 ft
|
19.62%
|
3.5 oz
|
oxide
|
|
GM-01
|
355 ft
|
385 ft
|
30 ft
|
10.03%
|
2.6 oz
|
sulfide
|
|
Incl
|
355 ft
|
375 ft
|
20 ft
|
15.20%
|
3.5 oz
|
sulfide
|
|
Gm-09
|
120 ft
|
345 ft
|
225 ft
|
4.01%
|
1.0 oz
|
oxide
|
|
Incl
|
175 ft
|
190 ft
|
15 ft
|
14.67%
|
2.6 oz
|
oxide
|
|
GM-09
|
220 ft
|
330 ft
|
110 ft
|
4.00%
|
1.0 oz
|
sulfide
|
|
Incl
|
240 ft
|
280 ft
|
40 ft
|
8.10%
|
1.5 oz
|
sulfide
|
|
GM-26
|
0 ft
|
250 ft
|
250 ft
|
11.04%
|
2.7 oz
|
oxide
|
|
Inc
|
130 ft
|
205 ft
|
75 ft
|
26.88%
|
7.1 oz
|
oxide
|
|
GM-32
|
50 ft
|
170 ft
|
120 ft
|
9.10%
|
1.5 oz
|
oxide
|
In
addition to the RH Zone, at least 3 new targets were identified as having
zinc oxide potential. A total of 5 targets were identified as having zinc sulfide
potential. None of the targets have been drill tested and all but one of the
targets is within 1000 feet of surface. All of these anomalies lie within the
RH Trend. These anomalies could be the result of mineralization of a similar
nature to that found at the RH Zone, however they lie considerably south of
any known drill results. Cypress
will diamond drill these conductors with a program starting at the end of
March 2007. Of major significance is the size of all the potential targets in
that all of the new targets are believed to be significantly larger than that
of the RH Zone zinc-silver deposit.
Click here for location map and 3D Gunman property video:
http://www.cypressdevelopmentcorp.com/s/Gunman.asp
The RH
zinc-silver zone is contained in an area of approx. 260 feet by 150 feet and
to a depth of approx. 110 feet. The combined presence of host rock,
structure, surface and drill indicated zinc-silver mineralization and strong
Titan conductive anomalies make the RH Trend targets a priority for the
exploration of additional massive sulfide deposits on the Gunman project in Nevada.
David J.
Busch, B.A., B.Sc., PGeo., Vice President of Explorations, is the qualified
person under the meaning of National Instrument 43-101, and has reviewed the
data in this News Release.
Cypress
Development Corp. is a diversified precious and base metal exploration and
development company with 2 gold properties in Red Lake,
Ontario, Canada,
and 2 gold properties, a silver-copper property and a zinc property in Nevada, U.S.A.
To find
out more about Cypress Development Corp. (TSX-V: CYP), visit our website at www.cypressdevelopmentcorp.com.
ON BEHALF
OF THE BOARD OF DIRECTORS
“Don Huston”
DONALD C.
HUSTON
President
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