Re: RED LAKE -- - MY GUESS WILL HAVE TO BE REVISED
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Cypress Development Corp. is a Canadian gold and base metal exploration company developing projects in Red Lake, Ontario, Canada, and in Nevada, U.S.A.
Message: Re: RED LAKE -- - MY GUESS WILL HAVE TO BE REVISED
Yes -->>> My guess will have to be revised
Time for a little CYP And Syh ..Update
Talked to Stan this morning and he gave me an update for Red Lake's Cyp and Syh-
The 8 ft of steel that was wedged or dropped in the hole 10 days or so ago,, turned out to be more like 28 ft .
According to Don in Red Lake there was approximately 2 ft or so of steel left to bore through when the remaining piece decided to come free and started turning as well. They then decided it would be easier now, to just extract the remainder piece and on the way to the surface it got stuck / jammed on the way .
If it was not for bad luck , I suppose we would not have any luck at all. Ok, so now they can and will no doubt, cement this piece and start again to bore through it. Once the final piece is out of the friggin way , they will be able to continue back drilling.
Good news ,, I am told the drillers will be picking up the cost for the last approximately ...2 weeks...
This should bring all up to date on Red Lake Broulan Reef Project.
Syh South Bay Project.
I have heard that hole 12 has another big intersection @ approximate depth of 390 meters .. We have 2 more holes to drill ....
( 13 & 14 )....from what was said in the May 27th news report , to complete the phase # 1 drilling.
Knowing that lab results are slow to be returned, I am wondering if we stop at hole 14 and wait on the core results before proceeding on with more drilling.
If 11 and 12 are both looking good, and 13 and 14 continue the present.. good looking trend, will they decide not to wait and perhaps will just continue on and drill more holes ???.
At the same time our neighbour In Rainy River has some good news.
I also expect some more news this week.
( 13 & 14 )....from what was said in the May 27th news report , to complete the phase # 1 drilling.
Knowing that lab results are slow to be returned, I am wondering if we stop at hole 14 and wait on the core results before proceeding on with more drilling.
If 11 and 12 are both looking good, and 13 and 14 continue the present.. good looking trend, will they decide not to wait and perhaps will just continue on and drill more holes ???.
At the same time our neighbour In Rainy River has some good news.
I also expect some more news this week.
Now ..Here is a little humour for you all
I heard today from another CYP / Syh shareholder... that the have taken all chain and rope off the shelves in all the Hardware Stores in Red Lake and Area..
They "now have it safely locked up in a Very Secure Storage Area in another remote locality.
Do you know Why ????
"" SEE BELOW ""
Don Huston is in the area ...... and this could possibly prevent a "" HANGING """
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