Cypress Development has started the drill program at the company’s Twenty-One property, containing gold and silver. This property is situated in the Mineral County of West central Nevada.
Twenty One Silver-Gold Project mine trend map
The company has contracted Okeefe Drilling in order to drill 7 to 10 reverse circulation (RC) holes at the property. These holes have aimed to mine the possible depth expansions of two outcropping gold-silver mineralized regions. The exploration work has been specifically designed to examine carbonate rocks, which lie below a locally mineralized latite-quartz breccia cap unit. Cypress has considered that Jasperiod boulders are sourced from mineralized and altered Triassic age limestone units, which lie under the latite.
Cypress has tested a new outcropping silver mineralized area during the preparations for drilling program and the area seems to be associated to quartz veinlets that intersect the latite cap. The company has extended the veinlets’ region and has gathered further surface rock chip samples. Drilling at this region will be conducted in the 7 to 10 hole program.
34.5 line-km ground magnetic survey results have been processed and marked and these results have resulted in the discovery of subcrop exposures and surface outcrop of carbonate rocks containing strong iron oxide. Cypress is conducting surface sampling on these areas.
The property has enclosed the nearby gold and silver mineralization that is expanded towards E-NE at the Mindora deposit. Drilling was never conducted at the Twenty-One property.
The drill program’s key targets are rich in gold and silver and carbonate replacement deposits that have base metals and skarn type mineralization. Mineralized molybdenum present in felsic intrusive rocks was found in deeper holes of Mindora.
The property is located along a corridor trending towards north-east that has both pre-tertiary base metal and silver mineralization and Tertiary age mineralization containing gold-silver mineralization.