Cypress Development Receives Biological Report for Clayton Valley Lithium Project in Nevada
December 30 2020 - 07:00AM
Cypress Development Corp. (
TSX-V:
CYP) (
OTCQB:
CYDVF) (
Frankfurt:
C1Z1) (“Cypress” or “the Company”) is pleased to
report it received a Biological Baseline Report for the Company’s
Clayton Valley Lithium Project. The report was prepared by
consultants, Stantec Consulting Services Inc. of Reno, Nevada, and
documents biological surveys conducted during 2020. The work was
conducted in the course of environmental due diligence studies at
the Project. The data will aid in the design of a feasibility-level
plan-of-operations (POO) for the Project in coordination with the
National Environmental Policy Act process to support an
Environmental Assessment or Environmental Impact Statement. The
183-page report includes a habitat evaluation for the approximately
5,500-acre survey area, baseline survey methodologies and
biological findings including any species of concern.
Survey Area and Results
The biological survey area comprises the
proposed Project disturbance as outlined in the Company’s May 2020
Prefeasibility Study (“PFS”) and covers about 5,500 acres of
Cypress’ contiguous property around the project site.
Stantec performed the biological surveys for
vegetation and wildlife in the spring, summer, and fall of 2020.
Wildlife study included aerial golden eagle and raptor surveys to
identify nest sites and activity within 10 miles of the Project,
and local small mammal and bat surveys. The flora surveys included
vegetation community and soils mapping. In the surveys, no
threatened or endangered species were found. Several special status
species were observed which may result in modifications in the POO
as configured in the PFS or steps to mitigate any potential impacts
as the Project moves forward.
“While no threatened or endangered species were
found, mining by nature has a direct impact on the immediate and
surrounding environment,” said Cypress CEO Bill Willoughby.
“Cypress believes responsible and effective environmental
management is an integral part of project development. The
information in this report allows us to proceed with our pilot
plant program and will provide important information for permitting
as Cypress moves the project towards a feasibility study and our
goal for future production.”
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About Cypress Development
Corp.:
Cypress Development Corp. is a publicly traded
exploration company focused on developing the Company’s 100%-owned
Clayton Valley Lithium Project in Nevada. Exploration and
development by Cypress discovered a world-class resource of
lithium-bearing claystone adjacent to the Albemarle Silver Peak
mine, North America's only lithium brine operation. The size of the
resource makes the Clayton Valley Project a premier source that has
the potential to impact the supply of lithium for the fast-growing
global energy storage battery market.
Clayton Valley Lithium Project, Nevada
Claims Map:cyp_cypress_-_albemarle_properties_map.jpg
(1060×706) (cypressdevelopmentcorp.com)
Cypress Development Corp. has approximately 98.7
million shares issued and outstanding.
To find out more about Cypress Development Corp.
(TSX-V: CYP), visit our website at
www.cypressdevelopmentcorp.com.
CYPRESS DEVELOPMENT CORP.
“Dr. Bill
Willoughby”
WILLIAM WILLOUGHBY, PhD., PEChief Executive
Officer
For further information contact myself or: Don MyersCypress
Development Corp.Director, Corporate CommunicationsTelephone:
604-639-3851 Toll Free: 800-567-8181 Facsimile: 604-687-3119 Email:
info@cypressdevelopmentcorp.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
This release includes certain statements that
may be deemed to be "forward-looking statements". All statements in
this release, other than statements of historical facts, that
address events or developments that management of the Company
expects, are forward-looking statements. Although management
believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are
not guarantees of future performance, and actual results or
developments may differ materially from those in the
forward-looking statements. The Company undertakes no obligation to
update these forward-looking statements if management's beliefs,
estimates or opinions, or other factors, should change. Factors
that could cause actual results to differ materially from those in
forward-looking statements, include market prices, exploration and
development successes, continued availability of capital and
financing, and general economic, market or business conditions.
Please see the public filings of the Company at www.sedar.com for
further information.
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