Quick recap of the agreement w/PE (August 24, 2016 NR from PE) According to the option agreement, PE is required to spend at least $US300,000 in the first year (5 months has elapsed so far they have spent $US80,000.) So they have to spend $US220,000 more, in this first year period, on the Glory property.) ....... Also, from Cypress NR. ... PEs obligation: ... Exploration expenditures of at least US $300,000 before the first anniversary; ... Cash and share payments of US $100,000 and 750,000 shares on or before the first anniversary; ... Additional exploration expenditures of US $500,000 before the second anniversary; ... Partial vesting of 51% undivided interest is reached upon satisfaction of the above; ... An additional 1 million shares and US $1 million of exploration expenditures before the 4th anniversary to complete vesting at 70%. . (PEs drilling and CYPs drilling will benefit both. . The BLM has informed CYP that drilling permits were mailed to Cypress on Friday so drilling could possibly occur around a week or so after. And, remember, the area they are drilling is the Frontera Verde Zone which is on the border and extends slightly over onto the Glory property, and to date has the highest ppms in CV. The average of the 1000 + samples is around 1500 ppms; so, whatever, they should be very good grades. And, again the highest ppms to date in CV occur on both sides of the border -- PE and CYP. . MAP: https://www.cypressdevelopmentcorp.com/i/maps/Dean-Sample-Map-Nov16.jpg