Shareholder Updates

Broulan Reef Mother Drill Hole BR09-02 Completed to 2937 metres

Apr 21, 2010

Cypress Development & Skyharbour Resources have now completed the mother hole #BR09-2 to a depth of 2937 metres on their Broulan Reef Red Lake gold project.

The hole was collared with an azimuth of at 120 degrees and a dip of 78 degrees. The hole ended with an azimuth of 81.7 degrees and a dip of 65.2 degrees. This hole encountered Balmer Assemblage at 1586 metres and continued in same until the end of the hole. 

At 2663.8 metres down hole, the companies encountered a major North / South Shear Zone that is also evident on the Goldcorp Inc. Bruce Channel property immediately to the North of the companies Broulan Reef property. This structure continued to a depth of 2862 metres in the hole.

The footwall of this structure is a large breccia zone with extensive and pervasive calcite alteration and carbonate vein material. Biotite alteration and patches of magnetite alteration are also pronounced. Bands of fine grey sulfides and arsenopyrite are noted. Several zones of ultramafic material are evident within the breccia.

Cypress & Skyharbour have established a wedge hole off of the main hole in an attempt to obtain a second section through this structure. The first deflection wedge was set at a depth of 2000 metres in the mother hole.

Assays are pending at this time.