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Cypress Development Corp. is a Canadian gold and base metal exploration company developing projects in Red Lake, Ontario, Canada, and in Nevada, U.S.A.

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Message: Re: DRILLING UPDATE FULOGAS!
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Jul 29, 2009 03:59PM
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Jul 29, 2009 04:06PM
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Aug 02, 2009 11:34PM

UPDATE :(

"The Company has had to abandon part of the BR 09 - 01 mother hole at this time due to a mechanical failure with one of the steel wedges that had been established in the hole to aid in maintaining an easterly direction under the Bruce Channel to depth.

A wedge at 1020 metres came loose from its cement base and the driller could no longer re-enter the same hole past 1020 metre depth.

The company is now establishing 2 new wedges at approx. 1015 metre depth to deflect the azimuth of the hole to approx. 100 degrees and to continue the BR 09-01 to its anticipated depth of 2700 metres."

Interesting to see how this will effect price. DH better pull a rabbit out of his hat just too keep people interested IMHO.

Anyother hic up could bring this down too 10 cents IMHO.

Hole #3 boys, get another rig!!!!!!!!!!!!!!!!!!

TH

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Aug 04, 2009 01:37PM
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Aug 04, 2009 03:43PM
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Aug 05, 2009 03:55PM
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Aug 06, 2009 11:00AM
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