Cypress Development Corp. (TSX-V: CYP) is a Canadian zinc, silver and gold exploration company developing projects in Nevada, U.S.A. and in Red Lake, Ontario, Canada.
Cypress holds a 100% interest in its approximately 2,300 acre flagship high grade Gunman Zinc-Silver Project located in White Pine County, northeast of Eureka, Nevada. Five RC drill programs totaling approximately 55,000 feet have been completed by Cypress on the Gunman project with significant near surface grades up to 35% per ton zinc and up to 15.0 oz per ton silver over considerable widths encountered. Zinc could represent the next big base metal play due to ongoing demand growth and the closures of 3 major mines in Canada, Australia and Ireland and not enough supply coming on stream from new projects. Sentiment could shift towards zinc, with prices potentially rallying in anticipation of tightening supplies.
Cypress also holds a 100% interest in the 4,720 acre McKenzie Island gold property located west and adjacent to Goldcorp's Cochenour / Bruce Channel Deposit. The project is also on strike with the currently producing Goldcorp (TSX: G) Red Lake and Campbell gold mines 7 kilometres to the east.
Cypress Development Corp.'s goal is to increase shareholder value by developing exploration projects near world-class deposits that have the potential of becoming new discoveries.