{"id":387558,"date":"2020-11-24T08:03:35","date_gmt":"2020-11-24T13:03:35","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=387558"},"modified":"2020-11-24T08:03:35","modified_gmt":"2020-11-24T13:03:35","slug":"cypress-development-reports-further-positive-metallurgical-results-from-clayton-valley-lithium-project-in-nevada","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cypress-development-reports-further-positive-metallurgical-results-from-clayton-valley-lithium-project-in-nevada\/","title":{"rendered":"Cypress Development Reports Further Positive Metallurgical Results from Clayton Valley Lithium Project in Nevada"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">VANCOUVER, British Columbia, Nov.  24, 2020  (GLOBE NEWSWIRE) &#8212; <strong>Cypress Development Corp. <\/strong>(<strong>TSX-V:<\/strong><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=STnBeSRHsOZcakvTM0gGE9z2nJtuZkrdTbs8OGyfV9GWrMI4jmuXOEh7w52GjJkat2nyvTT985JCzc5naCtc7A==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><strong><u>CYP<\/u><\/strong><\/a>) (<strong>OTCQB:<\/strong><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=QS1fNQ-doGTZRdl9PgAJ8Vtsjao89VOBasdAbgbSBy-dr8jPbqhnERXA8qOvFOExLDPANOjWpsvStdQeVQU864fDIyup1wk5iUgypO_8WAE=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><strong><u>CYDVF<\/u><\/strong><\/a>) (<strong>Frankfurt:<\/strong><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=qeUApvnn2z_K_ZR5AMdyO4cyz6mt88fMevoPoBuAT3CvMXc6qWfwSzOF49wbcf0qun5FMIaGuHdaeeasiLh1bOnYVn0TYCAdzYnMHxlCpn1cGlKUcZiZrNEW9sDh3Kdm\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><strong><u>C1Z1<\/u><\/strong><\/a>) (\u201cCypress\u201d or \u201cthe Company\u201d) reports the completion of additional metallurgical testing following the positive <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=a3ZbHNgo-UYEd3Mi4m82ETx2qkmXqjIVGQDgQ_pBx61IDp-0oWfbear5kdqC8e56foDXXUhuaan-2N6Ill6MeMu905qoJS5zs9P1PdD-xzzq9J2ZM0VmwYK60MN7NJBHT43xLDGRHc1cbftvSsd7d-8f_n3cyratg8IM7pE2kJ7Xm4s0L_ykDMHIEED2RvId\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Prefeasibility Study<\/a> (PFS) published on the Company\u2019s 100%-owned Clayton Valley Lithium Project in Nevada, USA. The testing was conducted at Continental Metallurgical Services in Montana and NORAM Engineering in British Columbia, in preparation for the Company\u2019s pilot plant program as outlined in the PFS.<\/p>\n<p align=\"justify\">\n        <strong>Highlights<\/strong>\n      <\/p>\n<ul type=\"disc\">\n<li style=\"text-align:justify\">Testing resulted in 80.2% extraction of lithium when a sodium chloride solution was used instead of distilled water in leaching claystone under Cypress\u2019 sulfuric acid leach process.\n<\/li>\n<li style=\"text-align:justify\">Lithium in the resulting leach solution was successfully concentrated at levels comparable to the PFS with limited interference by chlorides and other minerals present.\n<\/li>\n<li style=\"text-align:justify\">The ability to tolerate high chloride levels in the process is significant because it allows the consideration of a wider range of resources for water supply including geothermal solutions and lithium-bearing brine.\n<\/li>\n<li style=\"text-align:justify\">An alternate approach was tested using hydrochloric acid instead of sulfuric acid in leaching the claystone. A lithium extraction of 85.3% was obtained, suggesting hydrochloric acid may be a more effective reagent if high chloride levels are present in the water used in leaching.<\/li>\n<\/ul>\n<p align=\"justify\">\u201cThe test results are significant and demonstrate the Cypress process will work with high saline water sources,\u201d said Cypress CEO Bill Willoughby.<\/p>\n<p align=\"justify\">\u201cThe observation that leaching clay is more efficient when using hydrochloric acid with a saline brine is intriguing as it suggests a way to eliminate sulfuric acid from the process. This would benefit the project by eliminating the purchasing and transportation of sulfur which are limiting constraints on increasing the scale of production. Further work, however, is needed.\u201d The Company is conducting additional tests and analyses to determine if there is an alternate process that could be tested in parallel with the pilot plant program.<\/p>\n<p align=\"justify\">\u201cWe continue working toward the next stage of development with the pilot plant program,\u201d said Bill Willoughby. \u201cOur objective remains to initiate the program and work to advance the project to a full feasibility study. We have now shown we have a lithium deposit and an extraction process which are compatible with high saline water sources.\u201d<\/p>\n<p align=\"justify\">\n        <strong>Qualified Person:<\/strong>\n      <\/p>\n<p align=\"justify\">Todd Fayram, MMSA-QP, is the qualified person as defined by National Instrument 43-101 and has approved the technical information in this release.<\/p>\n<p align=\"justify\">\n        <strong>About Cypress Development Corp.:<\/strong>\n      <\/p>\n<p align=\"justify\">Cypress Development Corp. is a publicly traded exploration company focused on developing the Company\u2019s 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&#8217;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.<\/p>\n<p align=\"center\">\n        <strong>Clayton Valley Lithium Project, Nevada claims map:<\/strong><br \/>\n        <br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=S9jKBbAPMeFZmYsRpzFVN5aYMU16YCId5ueasdF48qoeW6fgxSqPvv-1GAm6gAUv5aAGmEC-9GWvRFUbXTqGxgkWT86EeJFc9WBbFv7ydlFKg0-6YVpqVnFXTLUK_pK8EBEiM5try3AuWJeBT3F-k9Y7MB7xICoOoyZfJUKWIW6YagZG6HFdxwbEdKVzN1Dvhpp_kTZEbPtpxTCNuAUX24oNkP7Ht_aJ20rXKR-Lfcz40EqQ1b6mlcVrKjZVbrmqZiq8bNQetlco7vatiTzBl42JliYzMiyIBAUwYn0O2ck=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/www.cypressdevelopmentcorp.com\/site\/assets\/files\/3573\/cyp_cm_series_drill_hole_map_2020.jpg<\/a>\n      <\/p>\n<p align=\"justify\">Cypress Development Corp. has approximately 98.4 million shares issued and outstanding.<\/p>\n<p align=\"justify\">To find out more about Cypress Development Corp. (TSX-V: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=e9up045aZ19LHCwfyexeFtWsEfTrUYAoY38ta9F-8as7i9VFqfC4hFR0DQHvOC5H3dzkNmq_l_eHJUVQsfMY6VX2csjE7gemJKU8SIZxrIc=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">CYP<\/a>), visit our website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=IbAkmaNTjMaKXxXiwjTAKilM5Q5F3w6MPUE_pDjCS42qpTL78X6uQ7170m9NazPRu5D_XD89-6mmihYI7FFc8SN-ODEHI_oFfYEvXiwNruE=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.cypressde<\/a><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=1ypfwurxi1zrFOOHfU652PImCnk8cCXBj5lwgSmQSs8cimHmu6fsX-Q6zTf4K_opCrxMN3XbFc3b4XtybQmKoJw9Q1yPw99_eOPX6td99cw=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">velopment<\/a><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=89W6RBJsFz-iblUCw6wSiqu0FkHSu2ok8QkapHSmqXsCpR9Ln7FfmHGw0ot8IDf558DltNy2sldM8QIEnLdrCcETOQtuM9pEIpzk77fmipg=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">corp.com<\/a>.<\/p>\n<p align=\"justify\">\n        <strong>CYPRESS DEVELOPMENT CORP.<\/strong>\n      <\/p>\n<p align=\"justify\">\n        <em>\u201c<\/em><br \/>\n        <em>Dr. Bill Willoughby<\/em><br \/>\n        <em>\u201d<\/em><br \/>\n        <br \/>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<br \/><strong>WILLIAM WILLOUGHBY, PhD., PE<\/strong><br \/>Chief Executive Officer<\/p>\n<p>For further information contact myself or: <br \/>Don Myers<br \/>Cypress Development Corp.<br \/>Director, Corporate Communications<br \/>Telephone: 604-639-3851<br \/>Toll Free: 800-567-8181<br \/>Facsimile: 604-687-3119<br \/>Email: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=jW-kdS3xGT3fpU0hxhsYr7iPizJJiID6vAyzm7PqLgPplh32mr3_tOZSDp7YAk1Qg9N_hRDeJLlIyWiaf-o2V8ImVGxaWvjc3HmMu4-CvGGUYeKhVh-SksTV1FZvU7lH\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">info@cypressdevelopmentcorp.com<\/a><\/p>\n<p align=\"center\">NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.<\/p>\n<p align=\"justify\">This release includes certain statements that may be deemed to be &#8220;forward-looking statements&#8221;. 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&#8217;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 <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=QNidwOQ5PjcTCV8LQSDwlKvtdth5sZa5xrRrCEA1DMORzNwSQISVnGUJFI5XPIMIPtFQE5ZYB7KNaBJUWl8DpA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.sedar.com<\/a> for further information.<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5MTE3NCMzODQxMDU1IzIwMjgxMzY=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/8563e73b-da37-443b-9aad-ae7c211a5e04\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>VANCOUVER, British Columbia, Nov. 24, 2020 (GLOBE NEWSWIRE) &#8212; Cypress Development Corp. (TSX-V:CYP) (OTCQB:CYDVF) (Frankfurt:C1Z1) (\u201cCypress\u201d or \u201cthe Company\u201d) reports the completion of additional metallurgical testing following the positive Prefeasibility Study (PFS) published on the Company\u2019s 100%-owned Clayton Valley Lithium Project in Nevada, USA. The testing was conducted at Continental Metallurgical Services in Montana and NORAM Engineering in British Columbia, in preparation for the Company\u2019s pilot plant program as outlined in the PFS. Highlights Testing resulted in 80.2% extraction of lithium when a sodium chloride solution was used instead of distilled water in leaching claystone under Cypress\u2019 sulfuric acid leach process. Lithium in the resulting leach solution was successfully concentrated at levels comparable to the PFS with limited interference by &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cypress-development-reports-further-positive-metallurgical-results-from-clayton-valley-lithium-project-in-nevada\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Cypress Development Reports Further Positive Metallurgical Results from Clayton Valley Lithium Project in Nevada&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-387558","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cypress Development Reports Further Positive Metallurgical Results from Clayton Valley Lithium Project in Nevada - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cypress-development-reports-further-positive-metallurgical-results-from-clayton-valley-lithium-project-in-nevada\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cypress Development Reports Further Positive Metallurgical Results from Clayton Valley Lithium Project in Nevada - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"VANCOUVER, British Columbia, Nov. 24, 2020 (GLOBE NEWSWIRE) &#8212; Cypress Development Corp. (TSX-V:CYP) (OTCQB:CYDVF) (Frankfurt:C1Z1) (\u201cCypress\u201d or \u201cthe Company\u201d) reports the completion of additional metallurgical testing following the positive Prefeasibility Study (PFS) published on the Company\u2019s 100%-owned Clayton Valley Lithium Project in Nevada, USA. The testing was conducted at Continental Metallurgical Services in Montana and NORAM Engineering in British Columbia, in preparation for the Company\u2019s pilot plant program as outlined in the PFS. Highlights Testing resulted in 80.2% extraction of lithium when a sodium chloride solution was used instead of distilled water in leaching claystone under Cypress\u2019 sulfuric acid leach process. 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/cypress-development-reports-further-positive-metallurgical-results-from-clayton-valley-lithium-project-in-nevada\/","og_locale":"en_US","og_type":"article","og_title":"Cypress Development Reports Further Positive Metallurgical Results from Clayton Valley Lithium Project in Nevada - Market Newsdesk","og_description":"VANCOUVER, British Columbia, Nov. 24, 2020 (GLOBE NEWSWIRE) &#8212; Cypress Development Corp. (TSX-V:CYP) (OTCQB:CYDVF) (Frankfurt:C1Z1) (\u201cCypress\u201d or \u201cthe Company\u201d) reports the completion of additional metallurgical testing following the positive Prefeasibility Study (PFS) published on the Company\u2019s 100%-owned Clayton Valley Lithium Project in Nevada, USA. The testing was conducted at Continental Metallurgical Services in Montana and NORAM Engineering in British Columbia, in preparation for the Company\u2019s pilot plant program as outlined in the PFS. Highlights Testing resulted in 80.2% extraction of lithium when a sodium chloride solution was used instead of distilled water in leaching claystone under Cypress\u2019 sulfuric acid leach process. Lithium in the resulting leach solution was successfully concentrated at levels comparable to the PFS with limited interference by &hellip; Continue reading \"Cypress Development Reports Further Positive Metallurgical Results from Clayton Valley Lithium Project in Nevada\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/cypress-development-reports-further-positive-metallurgical-results-from-clayton-valley-lithium-project-in-nevada\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-24T13:03:35+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5MTE3NCMzODQxMDU1IzIwMjgxMzY=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cypress-development-reports-further-positive-metallurgical-results-from-clayton-valley-lithium-project-in-nevada\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cypress-development-reports-further-positive-metallurgical-results-from-clayton-valley-lithium-project-in-nevada\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Cypress Development Reports Further Positive Metallurgical Results from Clayton Valley Lithium Project in Nevada","datePublished":"2020-11-24T13:03:35+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cypress-development-reports-further-positive-metallurgical-results-from-clayton-valley-lithium-project-in-nevada\/"},"wordCount":744,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cypress-development-reports-further-positive-metallurgical-results-from-clayton-valley-lithium-project-in-nevada\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5MTE3NCMzODQxMDU1IzIwMjgxMzY=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cypress-development-reports-further-positive-metallurgical-results-from-clayton-valley-lithium-project-in-nevada\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/cypress-development-reports-further-positive-metallurgical-results-from-clayton-valley-lithium-project-in-nevada\/","name":"Cypress Development Reports Further Positive Metallurgical Results from Clayton Valley Lithium Project in Nevada - 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