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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.

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Message: Re: Update from Don Meyers
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Mar 10, 2009 11:30AM
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Mar 10, 2009 11:49AM
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Mar 14, 2009 01:41PM

Everything appears to be on track for a halt on or before April 03. The 1st daughter hole is now in progress. It shouldn't really take that long to complete. I expect it to leave the zone about the 2500m mark, but if it doesn't, that is even better. They should start seeing some good stuff by 2200m, which should only take 5-6 days. I am also forecasting the really good hit won't come till the next hole as the present one will help pinpoint exactly where we want to be. As I said, if we do hit visually, and the assays are close to being ready, the way to do this will be to halt it until both are released. $3 is easy to speculate on under those conditions as we know that if the assays are there, Goldcorp will be all over this, as they won't want a replay of the Agnico thing. As far as a buyout, who knows. It will really depend on whether Don wants to play hardball or not. With a visual hit, combined with what we know about the Finn Zone, he could easily opt to do a private placement for something in the $2 range, put $30 mill in the bank and just continue drilling. $7???

Regards

K

1
Mar 14, 2009 09:28PM
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Mar 15, 2009 05:56AM
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