Cypress Development has signed a second amending contract with. Robert Marvin,an independent consultant, in which the company received a work extension at the Twenty-One Silver-Gold claims, which is situated in west central Nevada-based Mineral County from July to December, 2011.
Location map of Twenty-One Silver-Gold Project
In January 2011, the company inked an option agreement with Marvin, by which the company can hold an option to get a 100% interest in the Twenty-One Silver-Gold claims.
The company conducted a former chip sampling at the bare quartz breccia vein layers and yielded assay values up to 2 g/t gold and silver from 211 g/t to 1141 g/t. The breccia veins are present in a parallel sequence of the east-northeast trending faults, which intersect a 1312 X 1640 ft hydrothermal, altered, and quartz matrix breccia zone. High values of arsenic, bismuth, lead, tellurium and zinc occur along with the sampled mineralization. Dikes, plugs, Andesitic and Rhyolite Sills exist in the Twenty-One Silver-Gold property. The district’s mid-Miocene age intrusive work is believed to be highly supportive for the presence of epithermal precious metal layers and associated mineralization in the carbonate wall rocks.
The location of the Twenty-One Silver-Gold project is in Mineral County, and around 100 mi to the southeast part of Carson City in Nevada. The property is sited 3 mi to the southern part of the US Highway 95 pavement. This project includes two lode claim blocks centered on the outcropping area.