Welcome To The Cypress Development HUB On AGORACOM

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.

Free
Message: Re: CYP is " UNDERVALUED "
2
Apr 21, 2010 01:05PM
2
Apr 21, 2010 02:34PM

Update

"Cypress Development & Skyharbour Resources have now completed themother hole #BR09-2 to a depth of 2937 metres on their Broulan ReefRed Lakegold project.

The hole was collared with an azimuth of at 120 degrees and a dip of 78degrees. The hole ended with an azimuth of 81.7 degrees and a dip of 65.2degrees. This hole encountered Balmer Assemblage a 1586 metres and continued insame until the end of the hole.

At 2663.8 metres down hole, the companies encountered a major North / SouthShear Zone that is also evident on the Goldcorp Inc. Bruce Channel property immediately to the North of the companies Broulan Reef property. This structure continued to a depth of 2862 metres in the hole.

The footwall of this structure is a large breccia zone with extensive andpervasive calcite alteration and carbonate vein material. Biotite alterationand patches of magnetite alteration are also pronounced. Bands of fine greysulfides and arsenopyrite are noted. Several zones of ultramafic material areevident within the breccia.

Cypress & Skyharbour have established a wedge hole off of the main hole inan attempt to obtain a second section through this structure. The firstdeflection wedge was set at a depth of 2000 metres in the mother hole."

Description of core has changed some what.

Must of liked what they saw too continue IMHO.

TH

Share
New Message
Please login to post a reply