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Cypress Development kicks off exploration program at Nev. lithium project

Cypress DevelopmentCorp. said April 5 that it is kicking off phase-two exploration at itsClayton Valley lithium project in Nevada, which it acquired in January.

Cypress will undertake a surface sampling program covering morethan 100 sample sites. The second-phase program will define a continuously mineralizedvolume of claystone at surface on several portions of the property.

A January rock chip sampling program also indicated near-surfacelithium mineralization.

Cypress Development has applied for a notice of work permit fromthe Nevada Bureau of Land Management for a planned phase-three exploration and drillprogram at the project.

The company has also acquired via staking two additional claimsin the Clayton Valley, adding 40 acres to its land package.