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Private placement which raised 1 million dollars is going to be used to begin drilling at the 21 Silver/Gold Mines Project in Nevada beginning in March. Shallow drilling around 200-300 m. which will turn numerous assays quickly.
The JV with Goldcorp (Red Lake) could take place as early as Jan. 2011.
Cypress at .06 will not last long!!
Current wedge hole is at 2900m., drilling has been placed on standby while core has been sent (rushed) for assay! Heavy sulphides have been present for the last 2 weeks. We have been in the footwall for some time now, this could be the beginning of what we have been waiting for!!!!
IMO, we may have hit the Southern extension of the Gold Eagle find!
Should be thru the footwall and into the target zone on Monday as per IR! New bit in the hole to help progress!
This just might be what we've been looking for! Hopefully we get proper assays by mid-August.
Back into the N/S shear, should be thru the footwall soon and in the target area! Lets hope this is the core that gets us moving North!
Acquisition Employees!
I'm sure all of those employees now know what is coming soon and will be buying QASP starting Monday! The more informed they become by their own DD will cause great attention to this newly formed conglomerate.
Big buying begins 11-11:30!
This could GAP 2-3 cents in a heartbeat! Short termers getting weeded out real qiuck, Mineseeker news soon!!
Shares are "purging"! Becoming held in tight hands!
Hey JRdig7, Copley- the real big buying won't start till after 10:30- 11:00! What do you think?
Give that monkey a big Mineseeker banana!
It's mixed, but for sure positive in that we found GOLD! This is just the beginning and with the first wedge hole to be completed in 2-3 weeks, assays at the end of June/beginning of July.
Each wedge hole should hopefully show nicer intersections of Gold and then we're off to the races.I asked Don Myers today how many wedge holes would they drill? He stated as many as it takes to find what Cypress is looking for, they sound to be focused and relentless in proving to everyone why we are drilling here!
Remember that Gold Eagle started the exact same way we have, it was the wedge holes that showed their worth! By the way-Gold over $1,200 an ounce now!
This is what we've been waiting for! Bring on the GOLD!!!!
Mother hole has been completed at 2,937m. The first wedge hole will begin at 2,000m. and head N.E., should be completed in 4-6 weeks!
We are at 2900m. as of Friday morning! There is a high probability that we are in the "footwall" as of this past weekend. IR told me that Don Huston has returned to Vancouver but is going back to Red Lake this week!
Things will begin to get very interesting,SOON!
Spoke with IR today! We should be into the footwall anytime now! We are at 2833 m. with a new bit, hopefully we nail that ore body soon!
Mother hole at 2,770 m., target is only 30 to 100 m. away!
We are past the 2700 m. point! IR estimated if drilling goes smoothly we will have the hole completed in 2-3 weeks with assays coming the end of May or beginning of June!
This could be a MONSTER! jmo!
A second wedge was needed at 2,660 m. which took and drilling has resumed with a new bit biting through the N/S shear as you read this!
We should be approaching the footwall soon ( 1-2 weeks ) where the ore has been found in prevoius gold finds in the Red Lake Region!
Given the right amount of grams of gold per tonne the pps. could gap to $2.00 plus overnight on a certified assay!
That's what our friend Gold Eagle did just a short time ago which is now owned by Goldcorp!!!!!!!!
We should pass 2700 m. this weekend! We are now close to entering the footwall, we hope to find a BIG deposit of ore soon! Drill depth of mother hole will be 3,000-3,100 m. as per IR!!!
We have entered the N/S shear zone, about 300 m to go- target "footwall" is approaching fast!!
The number for IR is 1-800-567-8181! Ask for Don Meyers, Jordan, or Eric. They are in Vancouver so they are 3 hours behind eastern time.
They are all very informative!
You can also reach Don Huston at this number also, he is the President/Owner.
Really!!!!
Are they diluting?
Why would anybody want to buy this? Why did it get whacked today?
We are at 2500 m + this morning, drilling going well!
The boys are at Toronto talking up our progress at the show, .20 and moving, volume picking up! We should be at 2600+m. this morning-- not long now!
I talked to IR Friday and the wedge is set and drilling is resuming this weekend. The mother hole should be finished in 2 weeks and the first daughter hole begins directly after that.
Gold Eagle was a .20 stock and went to $2.00 overnight when Gold Eagle Pr'd they had hit Gold. This eventually led to GoldCorp offering Gold Eagle 1.3 billion or $13.60 a share!
IMO- I think we have a Gold Eagle in the making here!
Copley, BIG precious metals show in Toronto starting this weekend for 4 days! Cypress will gain huge exposure to Investment Co's/brokers this upcoming week.
I'm sure all those that profited from the Gold Eagle buyout by Goldcorp have big eyes on Cypress knowing that the envelope is open in all directions and that a number of exec/geologists from Gold Eagle are convinced that the GOLD extends directly onto Cypress's property inside and thru the footwall of the N/S shear zone. We'll have our results in 2 months or less!!!
Anybody know the approx. OS TIA!
Stealth mode again!
News pre-market tomorrow?
News Monday/Tuesday!
We will get an extension into June and imo we will have the Jones deal done mid-month!
Timing is everything!
MM's are accumulating, they will run this once news is out about the Jones deal getting inked!!
What the heck's this????
Knowles! Looks like all the frivalous suits are blowing away!
Just a clean-up before the IB releases the funds for the Jones deal!
Good work!
Not much longer now longs!
Prudent and reliable DD is much appreciated on this board!
WRONG AGAIN!
This info was put out far in advance of this post! I call it a typical "Piggyback" post!!
There will be MORE materializing info coming!
Don't take credit for DD you DON'T do!!
You had NO idea and you know it!