Excerpts from CYP NR yesterday.Excerpts from yesterdays NR by CYP w/my few wordings included CYP has filed for drilling permits w/BLM for Phase 2 program at Dean (basically one territory w/PE optioning 1/3 (called Glory) and CYP having the remaining 2/3 called Dean) CYP looks to mobilize a drill crew into the Clayton Valley beginning of September. The Phase 2 program will consist of 8 -10 diamond drill holes totaling approximately 3000 feet. ....... Cypress recently announced (NR June 6, 2017) an extensive 80 to 100 metre-thick blanket of consistent lithium mineralization underlying a large majority of its 2,700 acre Dean Property. The mineralization covers an area of approximately 2 kms. by 4 kms. The lithium mineralized volume evident on the explored portion of the Dean property averages in excess of 1,000 ppm lithium (Li). ....... Cypress is continuing with laboratory studies to explore the highly reactive and soluble nature of the large volume of lithium-enriched rock seen on the Dean Project, so as to further understand a method of extraction and ultimately production. ....... Cypress Development believes this discovery has the scale to significantly impact the future production of lithium in the Clayton Valley. Cypress also believes this developing zone could very well represent a LONG-TERM, reliable supply of lithium given the known size, chemistry and geometry of the discovery. . (My comments: PEs first year option ends August 22nd or 24th which, according to the agreement, it must pay/spend an additional $180,000 on the Glory property ((possibly deliver that amount to CP to be used on Glory )), and deliver additional PE stock to CYP.) What will happen???