Cypress & Skyharbour Enter Balmer Assemblage on their Bruce Channel/Red Lake Drill Program

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[{"type":"text","content":"\n\n\n\nTSX-V Trading Symbol: CYP Telephone: (604) 687-3376\nEmail: [email protected] Facsimile: (604) 687-3119\n\n\nVANCOUVER, Sept. 3 /CNW/ - Cypress Development Corp. (TSX-V: CYP) (FWB:\nC1Z) and Skyharbour Resources Ltd. (TSX-V: SYH) are pleased to provide an\nupdate from the field regarding its ongoing drill program on their Cypress\n(80%) Skyharbour (20%) owned Broulan Reef property in Red Lake, Northwestern\nOntario. The Broulan Reef property is situated along the prolific Red Lake\ntrend, west of Goldcorp Inc.'s operating Red Lake and Campbell Mines, and\nimmediately southwest of the Gold Eagle Mines recent major gold discovery in\nthe Bruce Channel zone.\n\n\nBruce Channel Red Lake, Ontario Map: \nwww.cypressdevelopmentcorp.com/s/Image.asp?i(equal sign)maps/CYP-Broulan-Reef-New-Map.jpg\n\n\nCypress and Skyharbour's drilling indicates they have encountered\nmafic/ultra mafic units that are found in the Balmer Assemblage series of\nrocks at approximately 1450 metres. Sulphides are seen to be pervasive\nthroughout the Balmer Assemblage, consisting of mainly phyrrotite,\nchalcopyrite, pyrite, and arsenopyrite is also present.\n\n\nDrilling of the main hole has now been competed to 1752 metres and\ndrilling continues with an anticipated depth of this mother hole to\napproximately 2200 to 2400 metres. Drilling proceeds at a cautious but steady\npace. This will ensure that the main hole maintains stability to allow Cypress\nand Skyharbour to establish a series of wedge off holes from the main hole to\nproperly explore the rocks of the Balmer Assemblage that are now known to host\na major gold deposit in the Bruce Channel zone. The companies are pleased with\nthe progress of the drilling over the last several weeks and look to continue\nwith the rate of footage being attained at this time.\n\n\nIn common with Goldcorp's Red Lake mine, Campbell mine, and\nCochenour-Willans mine, and the recently announced Gold Eagle Mines major\ndiscovery, the Broulan Reef property lies within the Balmer Assemblage. The\nstructural and mineralogical characteristics are similar to the aforementioned\nmines. Gold can be found in both its native form, as well as within sulphide\nrich zones.\n\n\nThe plan for this drill program is to explore the southern extension of\nthe Bruce Channel deposit which is being developed by Gold Eagle Min...

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