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Cypress Development expands Clayton Valley lithium project with new placer claims

Cypress DevelopmentCorp. said May 4 that it has acquired an additional 12 placer claimsthrough staking in Nevada's Clayton Valley.

The claims complement the company's existing 1,520-acre ClaytonValley lithium brine project.

Cypress will assess available data for the claims to determinewhat exploration programs could be conducted simultaneously with a planned third-phasedrilling program at Clayton Valley.

The program will also include drilling of shallow auger holestargeting areas of strongly lithium mineralized claystones.